t.j. maxxer has been star in the retail world, really eating at these department stores sales. t.j. maxx to come in lower than to mean, that seems that there must be something bigger out there going on now. alix: do you feel it is a market share issue or does the industry will issue -- woe issue or a t.j. maxx issue? be a badt could quarter for t.j. maxx and they will continue to t.j. maxx create be pushing those -- could be pushing those limits. you are seeing other big brands like ralph lauren, coach tried to pull out of t.j. maxx to reestablish their brands. maybe that could be hitting t.j. maxx or maybe it is this general retail malaise. david: who is doing well besides, improvement? shelly: that is the question about t.j. maxx pick if you had asked yesterday, i would say t.j. maxx. as you pointed out, there are still growing sales, unlike other folks. i am curious to see what the reader is on tj maxx. always theamazon is catchall, doing well. alix: retail does go to d.c. secretary mnuchin

t.j. maxxocks are trading lower, but our team was told that on walmart they think it will be an ok quarter driven by food and traffic could be helped by gas. we also have target trading lower and she thinks they could be under pressure by traffic and she would be surprised if they make numbers. t.j. maxx down today, but they think that is a bright spot in the retail space and expects them to do well. that is one of segment benefiting from their lower-priced items and she thinks the home category is very strong. mark: thank you very much. in the u.k., the brexit assumptions did not quite convinced market skeptics. likelihoodstion the of such an outlook, sending the pound down against the dollar. it is headed for the work -- headed for the first weekly drop in more than a month. this is the bar chart which shows the weekly decline. what is governor mark carney -- is the bank of england right to base its forecast on a smooth brexit? ifthey are right to say that brexit happens smoothly, rates will

t.j. maxxfitters, staples and the industrial production, an indicator of how the second quarter will perform. nicole: up 6.5% is gaining once again not 33 cents right now at 4918 a barrel. gold has also been up for sessions. one by 1% is up $4.12.30 for a troy ounce. >> "wall street journal" reporting job cuts are expected to be announced as early as this week. that will mostly affect salaried employees. no indication whether ford is to reduce the hourly workforce at its factories. mark fields hopes to boost profits and poor's stock price down more than 17% in the past year and down more than 40% since mark fields took over three years ago. the market value is now not only behind general motors but tesla as well. nicole: investors loading up on shares of snapping the the stock rallied 8% yesterday after regulatory filing showed several investors had owned the shares. the things that the bug is $17 ipo. the management goldman sachs group partners all taking stake in snap transparent when it did

joe t.: shopping for t.j. maxx. lemonis: t.j. maxx -- what is that customer? -jack: discount.nis: discount. they gonna come here and spend 20 bucks? -joe t.: right. -jed: they do. lemonis: now i want to be clear with you guys. i'm not saying this is a bad idea. joe t.: after this conversation, i don't think it's a good idea, though. lemonis: well, but we don't have the data to say whether it's good or bad. this space, with the variables that we've talked about, scares me. let me talk to these guys for just a minute. jed: okay. lemonis: the problem that i'm having with these guys is they basically just pull [bleep] out of the air. "we'll just go to a location and we hope the rent's gonna work out." you're not gonna do that with my money. we're in the business of building a box, marketing it, polishing it, perfecting it, and then having somebody say, "i'll take one. i'll take one." that's what a franchise is. we are not in the business of leasing space and building [bleep] out. joe t.: and if it happens the way it happened the first time, i'm gonna be sleeping on the bench over

t.j. maxx is doing poorly, ross is doing well. what does that tell us?tail traded off the border attacks adjustment. it got spooked. everyone said buy on the dip. it rallied. now we see when they have results, they're moving on to online shopping. to me j.c. penney is down 45% year-to-date. you i don't your down side is four-and-a-half hours. this is the leverage. >> how do you know that's your down side? i'm curious how you make that point. >> you buy a stock at 4.5 dollars. >> or you can lose 100% of your money is my point. to me the department stores are ultimately in a place i think there is way too much supply. i'm not going after j.c. penney. be i the way, i want to pat my friend dan nathan, he made a good call. >> no way! >> but the xrt clearly failed at the 43 level. the question is when does the xrt find bottom? you have to go do january 2016 when retail got destroyed. >> i won't go. >> i think dan nathan -- did not dan call the xrt the worst chart ever? >> he told me to go chart myself. >> quick, retail trade, i'm surprised it has not bounced u

the parent company of home goods and t.j. maxx reported weaker than expected revenue and issued short guidance. dick's sporting goods saw sluggish sales in the most recent quarter and said its revenue outlook remains week. staples no better, the office supply store missed estimates because of weak demand for technology products, ink, and toner. and route 21, the teen retailer, plans to close about a third of its 1200 stores, many of them in shopping malls. as for the shares of these retailers, all fel in trading today. >>> after the closing bell, teen retailer urban outfitter missed estimates siting high markdowns. shares were volatile. >> we had to wait a long time for the bright spot sue promised, but here it is. home depot was able to report better than expected profits and revenue. it even blew past some same-store sales forecasts and raised, raised its profit outlook for the year. that sent shares higher in trading. courtney regan takes a look at what's working for the big box in orange. >> reporter: home depot continues to b

but right now, it's amazon that's satisfying convenience for shoppers, and discount stores like t.j. maxx and outlets are giving consumers value. gannett says his head isn't in the sand, he sees the challenges and he's facing them. but investors are getting impatient. for "nightly business report," i'm courtney reagan. >>> meanwhile the storied kohl's was a little different, seeing profits grow thanks to low inventory levels, higher store traffic, and its tie-up with under armour. that bet in athleisure did little to stem the falloff in sales, which sent sales 8% lower on the day. that's not all. dillard's stock was slammed after it reported a decline in quarterly revenue, and a similar story for nordstrom which posted a decline in same store sales, its stock falling in initial afterhours trading. >>> it was a dramatic week in washington topped off by the sudden firing of fbi director james comey by president trump. although the stock market did not react to the surprise move, investors have been following the potential fallout closely. today, in a nbc news exclusive, lester holt asked th

or go with value, t.j. maxx, ross, costco. you want to play the theme of what's un-amazonable. that's a theme i follow closely. amazon is an awesome convenience stores. but if you're going to buy a diamond or a $100,000 art piece, you're going to go to luxury goods. and if you're going to go for a sale, you'll go to the stores to get that discount. >> bob says experiences are taking the place of regular retail shopping. i guess you could argue lvmh or a tiffany's, when you go into those places, it's an experience as well as a purchase. >> it really comes back to brands and running a great brand. at the pinnacle of luxury, it's about heritage, it's about craftsmanship, underpinned by innovation. if you own a great brand like a louis vuitton, a lululemon, that's a powerful resource. think about that is important. costco, another great retailer, very well-priced items, deep value. customers always like a bargain. keep in mind that's another name we like too, because value will always be in style. >> on that note, thank you so much, oliver. oliver chen with cowan and company. >>> i

t.j. maxx has a unique sales proposition. plus as the department stores struggle, that creates opportunities. >> let's move to disney. disney suffered a little bit in its latest earnings report. they're suffering from the cord cutting situation. but you think that that provides opportunity. >> absolutely. in fact we think this little pullback in disney presents a little buying opportunity for investors. but disney has the content that consumers want. what disney's got to do, and we think robert iger will do a great job figuring out how to deliver that content to consumers. consumers still want their content. they're just not happy with those high cable bills. disney has to figure out a different distribution channel. >> you say oracle has managed to concord the cloud computing model that it put forward several years ago. >> absolutely. we've watched oracle for several years. the stock really has been flat for about three years now. they finally figured out their cloud strategy. and as you heard with the report that you just g

same said for t.j. maxxying group last year, by the way, uncomfortable with the valuations, do you screen anyone out? >> you know, we are not bullish on utilities, a group that typically has little to no cash flow, raising dividend to 3%. the names, again, even phillips 66, the name of the 3.5% yield, but double digit consistently. with wage inflation, reflags trade, that's going to be the best place. >> what about the upheaval space, doing funded by borrowing, do you screen that out? >> yes. >> i would think so. >> exactly. checking on the balance sheet because you want to see, dividend investing does not start with the dividend, but starts with cash flow and free cash flow. that's where it starts and go from there. if you generate a lot of free cash and increasing, that means you can increase the level of dividend you pay off. that's a good harbor for stocks going forward. >> you liked lenar, housing stocks generally, but where else is smead a buyer of now? >> we like insider advisorieadv wells fargo, talk

tjx, the parent of t.j. maxx is down three points. staples down 4.5%. falling more than the percentage point that you see on the screen thanks to sliding sales and weak outlook. something bucking the rut and david joy from ameriprise recommended you buy, home depot. shares hitting an all-time intra-day high on pace for 22nd record close of the year. home depot up about a percent, it reported first quarter customer transactions up 1.6%. they call it ticket value in the average ticket value rose to $62.39, shares are running up and by the way up more than 19% so far this year. i am keeping my eye on the dow, we're about 29 points away from 21,000 which we already hit earlier. breaking news, senate democrats are calling for the release as i mentioned of the full transcript of president trump's meeting with russia's top diplomats. chuck schumer saying if the president felt comfortable sharing the information with the russians he should be comfortable sharing it with congress. this as "the new york times" reported within the last 50 minutes that israel was t

wear and other products, they are facing competition from other discounted rivals such as h&m and t.j. maxx 2 yesterday at macy's released its earnings report, profits dropped 84% from last year, amounting to $160 million loss. macy's in penny stocks have fallen 20% in the last 2 days. >>> a special night in the east bay, how a bay area university using soccer to find common ground, and let teens set goals. >>> not many things can be a 1st for tom brady for football but today he landed on the cover of the madden videogame for the 1st time, how he's showing he's not superstitious of the honor. >>> the weekend look forward to, getting it lined up, we will see you after the break.>>> [ birds chirping ] [ inhales, exhales ] [ announcer ] cigarettes are not just dangerous when they're smoked. [ rat squeaking ] they're dangerous long after. cigarette butts are toxic. they release chemicals that poison our water... and harm wildlife. and millions... are polluting our environment. [ sniffing ] [ seagulls squawking ] a standing room only crowd attended a mass for rugby player left paralyzed after be

it is facing competition from discounted rivals such as h&m and t.j. maxx >>> now, the president tells the economists that he would cut off the so-called cost- sharing reductions. those are payments that reimburse insurers for providing discounted out of pocket costs to help low income members. if insurers don't get those payments, they could raise premiums or leave the exchanges all together. >>> san francisco suing you know tore show proof that drivers are registered with city. in a tweet, the city attorney says no one is above the law. they have to follow the same business rules as any other sf company. now, because uber considers its drivers to be contractors and not employees, the city requires the drivers to register as businesses and publicly post their name and business address. but the city says uber has not provided data on its drivers since december. uber refused to comply with the subpoena issued in january, prompting the lawsuit. uber says it is protecting its drivers' privacy. >>> uber facing another legal challenge. judge asked federal prosec

t.j. maxx was the biggest surprise of this earnings season.ailers because they were the ones that were just the star of retail. so do they go the way in department stores? do they go that way or do they go the way of the discount? we'll see in quarters to come. alix: my mom would be crushed if something happened to t.j. maxx. she wouldn't know what to do with her time. thanks, shelley. david? mr. trumbo is working this -- mr. trump is working this morning. david: he said with all the illegal acts, there was never a special council apoint. clearly, this is rankling our president. alix: yesterday morning, he didn't tweet at all. i was waiting for it and it didn't happen. and you felt like that was a good thing for the markets. you can watch us online, click on our charts and graphics and interact with us directly. click on us. this is bloomberg ♪ jonathan: the scores are as follows. negative 65 on the dow. down .2% after the biggest one-day drop since september 2016. we pull back to april lows at a rate through may. and if we switched up the boa

the bankruptcies at rue 21 now as well as some of the others should feed right into t.j. maxxhis morning on "squawk on the street" it's just a matter of time before even the discounters are feeling the pain everybody else is. >> and he's been sharp and he's been right for a long time. that does give me a little nervousness. >> they have europe. they have canada. they do have the home side of the story. they're not just apparel. >> who has a comment or two about dick's sporting goods? we talked about nike and under armour. what do you do with this? >> listen, the e-commerce strategy enacted in january clearly they're not gaining any momentum right now. this is a stock that has fallen from where it was in october. 60, 62ish. you're catching a falling knife. i was surprised with what the analysts came out with. they took the earnings report and said, okay, we're staying with our buy. we're going to an outperform, raising the price target. the average is $59.92. the stock is trading somewhere between $41 and $42. so i think you need to see the fundamental turn before you go in the

a strong onli online offering, and when you talk about value, it's hard to price those away from t.j. maxx or outlet malls. macy's tries to grab them with their price concept and stage concepts, but it takes time. they are expanding. they think it's working so far, but not enough to move the needle. >> but here's the question i have, we're going to talk more about this later this hour. where does this go? what's the end game? we showed four of the five department stores, stocked crushed overall for several months. do they go away? what's the final end result? >> courtney, here's my theory. heritage, that's the sears real estate spinoff that now was highlighted the other day, but taking real estate, redeveloped, leasing out to stores and other things. what's macy's following suit. >> key points there. reali real estate in retail needs to be re-examined. it's being re-examined. estimates said somewhere between 25 to 50% of the stores in the united states need to close. there's too many stores, and you just cannot keep up with online with that amount of product. it doesn't make sense. there's

if you see all of that merchandise in the t.j. maxxhalls, maybe it is constructed with less quality and they are lower price points -- >> and why would you pay full price in the store? >> exactly. bed, bath and beyond, you always get a coupon. >> courtney, if you ever start a podcast you should call it one good/one bad because that sums up all of your reports these days. >> i know, doesn't it? >> too good we're going to go buy lottery tickets. >> have to rename the podcast and start over. >> thank you, courtney. >>> why the biggest shoe yet may be about to drop for uber and why mcdonald's wants to you get comfortable. my dell small business advisor for tech advice. with one phone call, i get products that suit my needs and i get back to business. ♪ ♪ >>> hello, everyone, i'm sue herera. here is your cnbc news update this hour. secretary of state rex tillerson hold iing a luncheon at the sta department. the southeast asian leader will meet with president trump at the white house later today. billions of dollars in business deals between

kind of depends on your own personal shopping patterns, and if that pulls you away or towards a t.j. maxxk about the inventory left, when i spoke to the experts, i said, what happens to everything that's left when it's time to close the doors on july 31st, and they said, there's nothing left by then. the alkg rigorithm is so figure that they have everything figured out, 85% is enough to sell everything. >> the shelving and everything. >> goes great in an apartment. where did you get that wire rack? >> metal rack. >> jcpenney clearance. >> hide in the coat rack like as a kid. >> who told? >> maybe not. >>> 20 minutes left in the trading session here, dow holding on gains. up 994%. everybody's doing well. >> when was the last time you were there. >> a few years. >> would have gone in the past. >> would have. outdoor mall now, cool stores. >> oh. >> need i say more. that's where i go. >> offering cooking classes. >> they do. hope for amgen could be derailed, but the setbacks they are facing is boosting a rival stock. we have that story coming up. >>> and still ahead, obamacare is in the cros

. >> the discount assortment compare today t.j. maxxlacking. >> we see wal-mart trying to raise online game. do you see any of the traditional bricks and mortar retailers who are crashing it online or are they still trying to figure it out. >> i think wal-mart since you mentioned would be the most successful of any of them and they've improved the online experience since they took it over. we have seen that. so that's exciting, plus they are doing some other things outside of the norm in order to improve business and expand their business. maria: any retail stocks that you like? >> i like coach still and -- kevin: coach purchasing kate spade. >> it sends a message to the future. they will own the business, price points and capitalize on that and really be a brand again as opposed to being a brand and a department store and discounters. i think that they've done the right thing. maria: would you buy amazon here? >> oh, yes, absolutely. the stock keeps rising. >> absolutely. kevin: buy amazon. [laughter] maria: thank you for joining us on