olivia: had it t.j. maxx get on the list? andrew: ask their board.hank you so much for joining us on the new ceo pay ratios coming out. more "bloomberg market day" coming up after the break. ♪ ♪ olivia: welcome back. i want to get straight to a check of the markets right now. u.s. equities are moving higher. the dow was up by about 120 points right now. bouncing back after yesterday's selloff. averages were down by about 3%. the dow up 120 points. at its high it was up nearly 225 points. every sector in the s&p is in the green right now. now the top stories at this hour. at least one big-name investors as the equity markets have "reached some kind of tipping point." we spoke with mark farber. we had him on the line from thailand and we asked him where he would invest right now, whether for safety or the prospect of meaningful capital appreciation in the short-term. >> there is no safe asset anymore. the 1950's, itin was safe to put your money in the bank on deposit. the yields were low but it was safe. nowadays you do not know what will happen next i

authorities in san mateo county are searching for the person would smashed in the front window of a t.j. maxx store leaving a legal in the front entrance on industrial road in san carlos. authorities were called to the store before 5:00 a.m. but could not locate a suspect and anyone with information about the crime is asked to call the san mateo county sheriff. >> donald trump takes on the ladies of "the view," and the hosts try to educate the popular presidential candidate on women's issue and hear how he responded. >> the reason governor brown has vetoed a bill that would regulate drones flying over anyone's house. what do a nasca comedian... and a professional golfer have in common? we talked to our doctors about treatment with xarelto®. xarelto® is proven to treat and help reduce the risk of dvt and pe blood clots. xarelto® has also been proven to reduce the risk of stroke in people with afib, not caused by a heart valve problem. for people with afib currently well managed on warfarin, there is limited information on how xarelto® and warfarin compare in reducing the risk of stroke. i trie

pie that a lot of the retailers should be going after are the customers that are shopping at the t.j. maxx and the ross and the outlet locations. they are not quite low, low income and not quite high, high income, mid tier shopper that wants high quality for a reasonable price and that is the market that is really getting squeezes at jcpenney and macy's so those are the ones they should go after. >> courtney reagan at headquarters for us. who likes jcpenney. >> it is not just me. but everybody who trades retail, specific names, loves jcpenneyment -- and it is such a buy anary story. and you like to talk about that. is the worst thrown out. and the gross margin was mid-40s and now they are mid 30s. sales, 50% of what they used to be. this point, there is only one way -- i shouldn't say that, it is binary still. the chart looks like it is rolling over but the upside risk-reward is a good 20% to 30% more to the upside and this stock has already moved. >> it has a $20 price on it by beauch bank. >> which is the lowest point. >> we have to explain that. as opposed to the zenith nader. it was at

walmart has gone to a minimum living wage, ross, t.j. maxx, target going in the same direction.hat hasn't had more of an impact on job growth and unemployment, which is down to 5.1%? we're almost a full employment. mike: i believe the consumer part of the economy has to be lifted up. you can't do that when you are paying someone seven dollars and $.50 an hour. it created tied on the economy forever and ever. knowsiler like walmart they can digest those things in a smart way, and help their company have a their loyalty, help their turnover. at the same time, help the economy. i think that's one of the key things we have to understand in business. , we wents at pizza hut through a minimum wage increase. and we were able to do that. we were able to digest it and continue to plow on erik:. housing prices, what's the living wage in dallas? it's an amazing chart to see what's happened to dallas housing prices versus the rest of the nation. they are not back to where they were pre-. but dallas is almost 30% higher than it was a decade ago. that has got to make it more expensive for the

you can find ralph lauren merchandise or polo merchandise, whatever the brand is at anything from t.j. maxxve been very successful in not oversaturating the brand, but maintaining premium merchandise for those who pay for it. it's an interesting move, and i think it's a pretty smart move on behalf of ralph lauren. >> bad news for the gap? you're not kidding, i don't know that you saw it, but the downgrades are rolling out. ubs cut it to sells. >> downgraded game and upgraded ralph lauren off the move. >> the contributor said "elvis left the building," so they hated the gap on this. >> look at shares of gap this morning, down 7%. >> larson spoke at gap's last analyst day, a very interesting guy with a lot of good perspective on fashion and the consumer and, i mean, it felt like i was back in business school listens to, like, a brand marketing professor, very interesting, and he's a smart man, so i think ralph lauren is lucky to have him. >> thank you. >> thanks. >>> when we come back this morning, german publish er buyig a control in business insider. this is axel springer, the chairman and