off price, t.j. maxxch continues to do better than the rest, department stores not figuring it out. >> difficult and good color from home depot on the call out of the cfo a moment ago said that of the tariffs that they've already worked on or had received through 018, roughly $1 billion impact on the company's business >> yeah, i mean they're dealing with -- they're all dealing with the head wind of tariffs especially if the president does go through with this and 00 million of extra chinese imports falls into consumer goods and already they're starting to feel on the higher tariffs. that's a head wind but the backdrop here is that it's still hard for them to bring in traffic and get those comp store sales up even like kohl's that had so much promise because of the amazon partnership is not getting it done. >> full year guidance as well is actually also down significantly and, of course, the stock suffering. interesting that tjx shares as you point out, t.j. maxx and homegoods, strong quarter with above e

the marshals, t.j. maxxion, comps up 6% that division this quarter, and the home goods chain also saw positive comps. as much as e-commerce is disrupting the retail industry overall, you can see places where the brick and mortar model is still working quite effectively. joe: i need to check out a t.j. maxx. haven't been to one in a long time. czak, hall's arc -- hol always appreciate your perspective. coming up, presidential democratic candidates might be shunning corporate cash, but -- more on that story next. this is bloomberg. ♪ joe: wall street has long been the deep well of finances for presidential candidates, with hundreds of millions of dollars for advertising and staff. as the presidential race gears up, almost the entire democratic field is hitting industry donors. so it is trendy to say we won't take corporate cash, we don't want to get wall street's money. we saw the trouble hillary clinton got in. but in reality, they are going back to wall street, right? >> well, they are still trying to say we

paula: you always have to like t.j. maxxlers because it is a treasure hunt. you are assuming there is a bargain. you always have to like them in an uncertain economy. often because they are buying in the aftermarket, buying vendor overages, they will be a little less impacted by the tariffs. alix: good point. david: who is most protected from tariffs is it t.j. maxx? paula: probably. they are not protected, per se. they've just got margin to use if they have to, and the tariffs are likely paid by the people who brought them into the u.s. as opposed to t.j. maxx themselves. alix: who is most exposed? paula: pardon? alix: who is most exposed to tariffs? gettingowe's should be a hit now because some of the tariffs have already kicked in. alix: it is going to be interesting. paula rosenblum of rsr research, thank you. chadha of us, binky deutsche bank. if you look at overall margins, you are more optimistic. then you've got to weigh in tariffs. binky: tariffs are going to have an impact, but i think it is an important thing to k

t.j. maxxown but getting ready to bounce. guess where they put a lot of stuff that doesn't sell at the other retailers? t.j. maxx so we see a lot of people coming in, buying june calls, big numbers today, i believe over 10,000 were ratradd in 1 block so they came in buying these upside calls, june 50s, they're only 50 cents out of the money but again, i like it despite what some of the retailers have done, there's some good things coming, i think, for t.j. maxx i bought this one. i'll probably be in these calls for the next two to three weeks. got a quick update for you, amarin, we talked about it on friday, along with square for unusual activity, some people were heckling me saying, this thing's not going to be going up, it's going to be going down. well guess what? it's up big. in fact -- >> who are those people, doc >> 14% >> everywhere, man >> 14% it's just a fabulous move. these calls went from, like, 15 and 20 cents, judge, to nearly a dollar now bam. that's why you trade >> doc, i was wi

take a look at t.j. maxx, this reporting earnings moments ago. they wound up beating. they say their gross margin was negatively impacted by increased supply chain and freight costs. i can't imagine that is going to be going away anytime soon. david: the third company we are watching today is tesla. for more, brooke sutherland joins us, as well as sarah hunt of alpine woods. they are having a really rocky patch. and this is coming on the heels of the wedbush analyst chopping his price target. code red. herculean effort to meet duction targets for the back half of the year. you just have this confluence of negative headwinds for tesla. i think what people are concerned about is the dismal first-quarter numbers perhaps not be an aberration, that you are not going to see second-half recovery that people are banking on. tesla really in the crosshairs of the u.s./china trade war. they need demand to meet these goals, which factor into their ability to fund themselves. if that doesn't play out, that is a real hit to confidence. alix: their 2025 bond is

nordstrom was impacted by some execution issues but on the other side, if you look at companies like t.j. maxxanies that offer experiences, they are doing fine. it is how the consumer chooses to spend that additional dollar on their experiences. shery: what about the property market in the u.s. because we continue to see some mixed signals. lastly, new construction numbers, new home construction numbers beating estimates but today, existing home sales disappointing. what is your stance on housing -- the housing sector and asset classes surrounding that sector? linda: i think the housing sector, if you look at a longer term trend, you are seeing the demand for households and how formations will increase. there is a structural demand but obviously from month-to-month, there is going to be some volatility. the lower rates we are seeing is going to help mortgages. you may actually see in improvement as the spring and summer months roll-on. paul: just before we let you go, i want to let you -- get your thoughts on brexit. looks as though teresa's may attempt to get the deal through parliament is do

and we are due to get earnings from the parent of t.j. maxxll street banks says the worst-case scenario, shares of the electric carmaker could drop to just $10. >>> and reveal the number hiding in plain sight that shows how profitable china could be for u.s. companies, despite all of the obstacles thrown in their way. the final hour of "squawk box" begins right now >> announcer: live from the most powerful city in the world, new york, this is "squawk box. >>> good morning, and welcome back to "squawk box" here on cnbc we are live from the nasdaq market site, right that's here? yes. i'm joe kernenalong with becky quick and andrew ross sorkin and our guest host this morning, from the great north, noah blackstein, senior portfolio manager at dynamic funds you're down. what about the raptors huh? >> well, kawhi is the new prime minister of the country, if you didn't know. but listen, it's all kawhi they've got to get some shots off the bench. gasol's got to hit something if they all click -- >> it's been fun to watch. i've got to admit. >> it's be

t.j. maxx and home depot didn't seem to have that trouble. at upside surprises. 170 shoe retailers writing a letter to donald -- donald trump asking for hauled in the increase in tariffs on china's footwear. they say it will hurt their businesses and in a report by uvs on the same topic analyst saying tariffs on chinese goods could lead to widespread store closures putting at risk $40 billion in sales. focus on retail focus on technology trade a busy day down here liz. liz: thank you. coming up rescues now underway after devastating tornadoes and historic flooding terror of -- through oklahoma and texas. forecasters warn more deadly weather is on the way plus president trump may be facing headwinds in the polls. we have the reality check for you at this stage in the 2016 campaign. hillary clinton was up doubled digit in the polls and unlike the 2020 democrats hillary clinton was not running against the sizzling trump economy. that story is coming up. i switched to liberty mutual, because they let me customize my insurance. and as a fitness ju

if we take somebody like t.j. maxx, they are very loyal customers. they love to get their points.- more loyal we tended to keep that customer loyalty that brand. torsten: heavy seeing patterns with customers who pay their balance every month and the customers who are revolving? margaret: we do look at that. we've not seen a difference. we know somebody paid off the whole balance. that would be a signal that something is happening to that consumer. those are things we watch. are balance sizes going up? margaret: we are a bit cyclical. more andnd to spend then go back up. david: the federal reserve says we are not raising rates. what does that mean for your business? margaret: we try to manager balance sheets that way. it's not a big deal for us. thank you so much. it's a great perspective and we appreciate your time. you will be sticking with us. coming up, we will dig into the dollar pot direction. there is a rally before the number. this is bloomberg. ♪ alix: we are minutes away from the jobs report. euro-dollar is still lower despite higher than expected inflation. we are gettin

t.j. maxx versus department or that pricing power. francine: thank you both. and from.s.morgan asset management. she stays with us. stay with surveillance. plenty coming up including india's prime minister heading for a landslide victory. indian stocks rise. the bjp party gets a comfortable lead. we will have the latest on that, next. this is bloomberg. ♪ francine: this is bloomberg surveillance. i'm francine lacqua in london. breaking news out of pboc. nothing bad. pboc says china's effect on the market is stable and it will prevent any disruptions. justchecking in -- we were talking about that. in retaliation to what the trump administration was doing was that china would do something with renminbi or they would do something with treasuries. reassurance today from the pboc that the moment, they believe the chinese affects market -- fx market is stable. and that they will prevent disruptions. indian stocks have reached an all-time high as prime minister modi looks to win a single party majority. in early vote counting, the bjp party source to a commanding lead. benchmark

two companies i really like who would be prepared for this, i believe, would be ross stores and t.j. maxxto move around and they're doing well and i see no signs of that slowing down. other companies, like the traditional department stores, i think that would be more difficult. you made the comment earlier, do people go into stores anymore. right? so they do. but -- >> that was an attack at me, by the way. >> come on. i told it over here too. i'll get you for that. yeah, the department store's getting back to that, i think it would be more difficult for them, as we saw with jc penney, they're having a harder time. that makes it really challenging. maria: this is a china issue or is it a consumer issue as well? is the consumer weakened hear or are you still -- weakened here or are you seeing the strength and spending power of the consumer sustained? >> i see the spending power sustained for now. maria: for now. >> if this happens, if these go through, we're going to have an issue because these companies will not perform well. you'll all be talking in six or nine months about how poorly the

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maxx beating top and bottom line. doing well with all of their brands. t.j., max, marshall's home goods. they're raising revenue. saying the treasure hunt shopping experience what people like out there. home depot also doing well. eps coming in at 2.27 versus $2.18 but they had the slowest same-store sales in three years. invest took a look at that and sold it off this morning. it is marginally higher. a mixed bag. we're seeing lots of differences between the retailers. it goes to where they're sourcing goods from china. back to you. melissa: liz, i hate that excuse about chinas, because you don't have to source your boards in china. when they talk the consumer will cost this much per house hole, if you continue to buy chinese goods. buy them from india. buy them from vietnam, whatever, anywhere else or america god forbid. >> it takes time to shift around supply chains. companies have been moving production to vietnam, thailand and other places. that will continue, kind of no matter what happens in the next several months on a trade agreement. that is great. we should not be dependent on china. as for using it a