t.j. maxx has some of the best buyers in a retail business.y have strong merchants who know how to identify the right inventory and get it on shelves quickly. rolling have not been as fast as the federal reserve would like. the discount stores are cheaper than calls and other stores. is that the reason? >> i don't think it is. here is a reason. been seeing growing market share among the 100,000 household income and above bracket. they have really been connecting with a more affluent shopper who likes the labels and has been finding the shopping experience subpar.s to be when you see the strength at the upper end of the value continuing, that bodes well for the future growth prospects t.j. maxx. >> it is interesting because t.j. maxx has not invested that much in online sales. how much of a different digital contributor? case of t.j. maxx it doesn't matter. they do only a minimal amount of e-commerce business. is by keepingin really strong quick inventory turns and by managing expenses well. it has one of the lowest rates in the business. spenc

names like tiffany, macy's, kohl's, t.j. maxx rallying over the past three months surging 20% or more t.j. maxx hitting an all-time high today, in fact. as earnings kick off last week what do we do? do we keep betting on retail what do you think? i think of some of the names you just mentioned they were favorites a couple of years ago at the expense of anybody else a couple of months and really even since black friday is the discretionary names that were left for dead have proven that not only are they running their businesses better, but that the valuations got so cheap that they were interesting and i think you stay in a lot of those names. >> i agree the valuations got really, really cheap, overdone for sure and even though they rallied a lot. so the valuations are relative to the rest of the market and they're still attractive and something like kors today is probably good for macy's and probably do for wholesale. i like it. >> stay long guy? >> i've got a power pitch coming on you saw it before. >> i'm almost afraid to see w

will lose out. , it was a mixed bag with coal tumbling and the parent company of t.j. maxx rising. that is all ahead. we are keeping a close eye on these markets. 30 minutes into the u.s. trading session. abigail doolittle is here. the dow, s&p 500, and nasdaq all solidly higher. up for a fourth day in the row. volatility last week around turkey and emerging-market concerns, trade tensions, we have four up days in a row. putting up an all-time high, perhaps that is ahead for the s&p 500, four points away from that possibility. august is a good month. let's take a look at what is happening on a monthly basis. the month is not over but we are on pace for the best august going back to 2014. -- there is 2015, we had the big selloff monday and small gains. the best august on record right now. let's see if that continues without disrupting headlines. as for some movers let's take a look at the department stores and other retailers. kohl's is down 3.3%. ,hey only raised by the amount investors wanting more caring that e-commerce is taking over. t.j. maxx up 4.3%. after a week previous qua

january and july the t.j. maxxso what are your tips? >> i realize my advice here is the opposite of the shopping advice i always give. don't worry about the list. don't go in thinking i must have that certain dress. you're not going to find it. go in with an open mind. walk the aisles. think about how people shop these stores. they take things out of their carts. you might find a frying pan in the shoe department that might be a a great frying pan. the manager knows when the next merchandise is coming. they can clue you in, and buy and return. you find something fabulous, don't put it back and think i'm going to think about this. the return policies are pretty lenient. so take it home with you. leave the tags receipt. you may want to take it back. don't let the clearance rack scare you off. they're a big fat mess. >> i don't know you anymore. this is the opposite of what you've been saying to me for six years. >> i know, but i am really good at discount stores. i get the $100 that used to be 750. and this is how i

t.j. maxx i like because i can buy good stuff very cheaply. john: if you are old, you remember the johnny weismuller "tarzan." is sears that elephant right now? >> i thought they already failed. we are here to celebrate this historic run in the stock market. i was very optimistic about the retailers. i was concerned everything was too tech-oriented and it was tech leading the market and the economy and that would run out of steam. you want to see the rest of the world, the rest of america, with good earnings, too, benefiting from tax cuts. a lot of it was online, obviously, but it's good to see walmart, who was doing very bad for a long time, now target, showing everybody is spending money. john: what retailer do you go to? >> i'm in miami beach. there's no -- john: see? all online. >> that's why i'm skeptical. john: i want to ask about the nfl. when rupert murdoch bought the nfl rights in the '90s they said he overpaid. it made fox sports. tonight you have the nfl debuting a former super bowl champion, philadelphia eagles taking on the heisma

. >> laura: i like t.j. maxx. you like men's warehouse! >> that is my kind of judge.hat is my kind of judge. i will never be convicted of anything, expensive clothing is a prerequisite. b i also go to men's warehouse. of the interesting thing is under the law, -- the law is terrible at showing lavish lifestyle. under the law, the prosecutors, in most courts would be allowed to say that but judge ellis really doesn't like it. every time he makes those comments, the jury is listening and they know he doesn't like it. >> laura: professor dershowitz, at one point, they talked about the fact that manafort used foreign wire transfers to pay for his clothes. this maximilian katzman, who is the kato kaelin of the trial so far, he says -- he says, well, that is the only customer i've ever had who paid that way. who cares? this is not against the law. i don't know what manafort did. i think this whole thing -- i don't know, my antenna, my spidey senses are going up about this case. i don't know if it is rick gates, if they are afraid to bring him and as a prosecution witness, t

. >> take a look at t.j. maxx. >> yeah. >> you can go across the board >> a new high. this is a very positive thing. and that's one more sign that the economy has more room to the upside, rather than, oh, it's topping out, you know, there's no support for anything but the four fang stongs >> pete, the re-emergence of tech helps with the market >> no doubt. >> "the journal" cited credit suisse saying the call action on the upside >> right >> and the tech stocks with gains in a week or so. >> i think the anticipation why you're seeing that, for instance in the spiders, by the way, extremely short-term they're not going out in time, scott, out to december and farther out there. they're going right here, right now. in fact, some of the recent trades expire tomorrow in the spiders. i think what they're planning for, looking for would be a bro breakout in new highs. once you break through, how much do you jump through those highs? and it's very expensive. we talk about that with protection when you've got a vix under 11 and you're trading in the 10s after we were stuck in th

tjx, parent company t.j. maxx and homegoods, up. target up. it's what could push the market to new highs and beyond this year bob pisani who no doubt, went to a number of bee gees shows back in the day on roller skates joins us now from the nyse >> no, neil young and nuwave, blondie, talking heads and no, not the bee gees, sorry, brian >> they hit an all-time high and the xrt is up 13% and the last three months hit an all-time high today that's important because the xrt is equal weighted index of about 90 retailers you don't have one big name and you don't have a walmart and amazon pushing it around too much i like this action amazon is on fire this year, but the big retail names like kohl's and abercrombie and 5 below, they're all soaring 30% to 50% this year. what's going on? first, the second-quarter earnings and i don't mean in general. the 108 retailers that retail metrics track are seeing earnings gains of 18% and that's almost as good as the whole s&p 500 gain of 22% so the retailers are making money why is this happening? well, the big

then t.j. maxx pulls them from the ashes and puts them on the -- the pile. on the pile of clothes. [ applause ] >> steve: international house of burberry. >> jimmy: get this, a new study looked at how much air is inside different bags of chips and found that cheetos has the most. [ audience ohs ] when the researcher presented his findings, his wife was like, "this is what you do for a living?" [ laughter and applause ] "oh, honey, this has less air than lays has more --" [ light laughter ] were ayou do? a scientist." [ light laughter ] check this out. australian farmers have started growing giant avocados called avozillas that are five times larger than regular ones. great, now instead of cutting your hand while opening an avacado, you can cut off your whole arm. [ laughter ] [ applause ] make bigger toast. [ light laughter ] finally, i read that baltimore just became the first major city to ban soda from kids' menus at restaurants. [ cheers ] when local kids -- [ applause ] >> jimmy: yeah. why not? but when local kids heard the news they were like, "fine, s

t.j. maxx impressing investors with its earning report, the stock gaining nearly 5% as profits jumped nearly 34%. retail, i think. back to you. john: i could listen to you all day. the bull market in u.s. stocks is about to become the longest in american history, ten years after the financial crisis. while the dow is on the brink of bursting out of correction territory for the first time in more than six months. joining me are my old bulls and bears crew. jonas and gary. guys, welcome. a crazy day here with all this stuff coming forward right now. but this bull market, lot of it has been -- last bull market didn't do well. we had 1% gdp growth in 2001, the bush tax cut came along, raised it to 3.8, 3.5 respectively in '04 and '05. it seems the tax cuts are what's keeping this bull market alive or rejuvenated. gary b., do you agree with that? if so, how much credit do you give these tax cuts? >> partially agree. it's good to be back with you and jonas as always. i think the tax cuts certainly ar

i like it when t.j. maxxd deere and the dirty fingernail stocks are going higher like caterpillar. those kind of names that you work with your hands. >> sandra: you must not watch "america's newsroom" enough. he talks about those a lot. all right, charles payne. tomorrow could be the big day. >> tomorrow will be a good day. there is a little trepidation. >> sandra: thank you, charles payne. president trump taking his victory lap with running feud with john brennan and taking a dig at one time director of national intelligence james clapper in the process. the president reportedly leaning against an interview with robert mueller. alberto gonzales will weigh in on that and much more next hour on "america's newsroom." >> sandra: fox news alert at the top of a new hour, mollie tibbetts father now confirming to fax that the body found in iowa is, in fact, his missing daughter. welcome to a brand-new hour of "america's newsroom." i'm sandra smith. >> eric: again i'm eric shawn in for bill hemmer this morning. we're

we've got kohl's, t.j. maxx. it should continue to show the strength of the consumer.ried about the consumer. >> the retail national numbers are pretty strong. retail hiring has been strong. it's a good moment for american consumers. dagen: we should thank the republicans for giving you that tax cut so you have more money to spend. otherwise, nancy pelosi would be sitting in washington dc or her house in san francisco deciding how to spend money. maria: she is still calling it crumbs, attacking the tax plan. there's a weaker dollar on the president's comments about the fed. the president is tweeted once again. he tweeted this even james clapper admonished john brennan for having gone totally off the rails, maybe clapper is being nice to me so he doesn't lose his security clearance for lying to congress. the president referring to john brennan after taking his security clearance away. but first, we will get to that, trading blows over censorship concerns. kevin mccarthy calling attention to a tweet blocked for potentially sensitive content from laura ingram last friday.

we will start with consumer imes because t.j. maxx say the parent company, that comparable sales three times more than what analysts had been looking for which boosted the shares. the biggest u.s. luxury homebuilder reported revenue and backlog. coty, the cosmetics company saw a 3.4% decline in consumer trucker because of the strike in brazil and supply chain disruption. the stock closed by better than 7% off. jpmorgan is rolling out the new platform that includes free research and trading to retail customers. that put pressure on the likes of e*trade and others. joe: a quick look at the government bomb market -- bond market. nothing too dramatic. 10 year yield has not gone anywhere in a while. 2.4%. caroline: kicking off currencies, check out what is happening with the u.s. dollar. it has been a down day. comments are still spilling over from this time yesterday when complaininglling -- about the overall fed policy. it seems that maybe the trade tensions could be dull back a little bit with chinese hopes. look at the chinese currency

also, shares of retailer t.j. maxx, they are rising in the pre-market this morning.crease in comparable store selves compared to consensus estimates of a 2.2% increase earnings came in at $1.17 per share. although, that did not include -- that did, rather, include, an 18 cents tax reform benefit. revenue also above wall street forecast and tjx also raised its full-year earnings forecast. that stock up a little over 3% right now. >>> we're keeping tabs on gold this morning, which is falling more than 2% just in the last month. joining us right now is bob has been -- habercorn. bob, this move in gold, what's happened why have we seen recent weakness it's almost a guarantee we're going to see in a few weeks and another hike in december, as well it changed last week with the news that that chinese delegation was coming for trade talks here in the u.s. >> why >> risk back on commodities. china is the largest consumers of commodities across the board, they trieded higher. that's had a little bit of crack in the dollar and caused gold to trade higher and then friday, you ha

talking like t.j. maxx and marshals. they're offering high end designer brand 30% to 70% off.ncial editor. this is amazing becse a lot of brick and mortar stores retail, they're not doing well. but these discount stores are. >> they are. well, part of it s is thatcess breeds success. there's a lot of inventory. you go in. it doesn't feel like a ghost town, but you see some of th saesigner brands that you see at the full-price stores. just be careful. some of merchandise is being depecifically for the discount stores, like outlet the same e, so in s not quality. >> i was a really good t.j.maxx. >> t.j.maxx, they get new inventory most d of the week, split the difference, go on wednesday morning. nordstrom rack we were just talking about howhe fabulous clear the racknth. thlee next one is coming up at e end of the august. home goods restocks monday. go early morning. h marshalls every day. >> we'll put thi allonline. there are also special discounts for seniors and some ssonal discount. >> let's quantify senior. they're talking about people 55 and over. i not there yet. >> exact

they're going to go broke and go away they're giving up shares of the t.j. maxx>> coming up a shortage of epipens. trade war fallout, why a local bar, yeah, your bar could be your latest casualties ll tariffs on metals taking a wel talk about metals and beers combined stick around are you done yet? does it look like i'm done? shouldn't you be at work? [ mockingly ] "shouldn't you be at work?" todd. hold on. [ engine revs ] arcade game: fist pump! your real bike's all fixed. man, you guys are good! well, we are the number-one motorcycle insurer in the country. -wait. you have a real motorcycle? and real insurance, with 24-hour customer support. arcade game: wipeout! oh! well... i retire as champion. game hog! champion. >>> the fda is extending expiration date for epipens for four months. the epipens jr. which is produced by kids,fda says it -- >> meantime, hawaii, wow, preparing for a massive category five storm as hurricane lane is moving towards the islands many residents have been stocking on food and supplies. tropical storm forest winds and large wells, all e