t.j. maxx. a sprinkle of politics and fed minutes this afternoon but at 10:00 a.m. eastern time that might be the main event for financial markets. a revision to a years worth of nonfarm payrolls. >> it could be anywhere from a revision downward about therein and 6000 jobs to potentially one million jobs taken off the year ended in march for this year. here's the key question, do we end up with a downward revision that essentially is the biggest in 15 years which is any downward revision that exceeds 500,000. this gives you a sense of could we see another narrative shift if this really does surprise in the wrong kind of way. jonathan: what strikes me is seriously mental, listen to this from the likes of goldman sachs. a group of fantastic economists a range of any revisions to one million lower anywhere from 50 to 85 k per month, per month. so we are setting the tone for jackson hole and chairman pals address this friday. >> this goes to the perilous missive being so data dependent on data that

, which i also own. >> you love. >> i like t.j. maxx a lot, the only thing is it's expensive, but it's always been expensive. it deserves to be expensive. they do a great job. they'll continue to do a great job but i'm not sure how much upside they'll really have in the short term and i also have the barbell, which is really luxury. that has not worked this year at all. so, i'd like -- i'm hoping that consumer is back. >> you whispered in my ear you were going cuckoo for lulu. >> this is one tim and i have talked about a lot. he was actually shorted briefly, much higher, and i think it just -- you know, it's really still a great company, it is not expensive. it is a below-market multiple, a company with no debt. they do have new competition that they haven't really faced before, but i just feel like, this valuation, the risk-reward is much more compelling than it was at double the price, where it was not that long ago. >> fair enough,time seymour, comment on everything, what you're focused on for next week, retail with the fed and comme

i don't get the stories. >> defend tjx. >> i will defend t.j. maxx, this is marshall's, home goods.f the stories is probably outfitted about 90% of my apartment. i'll take the value where he could get it. >> don't be too upset. target stock was whether the big winners this past week, what happened. >> targets been having trouble since the middle of 2022 that's with the stimulus checks ran out and inflation was running rampant. it was really exciting to see an earnings in the same-store sales which is a fancy way of saying stores open more than a year turn positive for the first time since 2022. apparel sales were positive for the first time since 2021. that shows people are finally coming back and making more discretionary purchases which is targets main business. >> sui in the stock chart. >> target is up about 10% or so recently and that's how much it up this year walmart by contrast is up over 40% and target is looking cheaper right now around 15 times this year's earnings, half the valuation of walmart, could be a good speculation. jack: when target was struggling, walmart was g

jack: tjx, this is t.j. maxxround the corner, they are going to kill it. >> spooky hot halloween. i did not know if that was a financial retail term, al, meghan and teresa. to read more check out this week's edition@behrens.com. before we go congratulations to our producer jenny bermudez and her husband nikola for welcoming their first baby a girl named teresa best wishes to the happy family. see you next week on "barron's >> from the fox studio in new york city this is "maria bartiromo wall street"

jack: tjx, this is t.j. maxx, marshall's, home goods and spooky season is around the corner, they are going to kill it. >> spooky hot halloween. i did not know if that was a financial retail term, al, meghan and teresa. to read more check out this week's edition@behrens.com. before we go congratulations to our producer jenny bermudez and her husband nikola for welcoming their first baby a girl named teresa best wishes to the happy family. see you next week on "barron's >> from the fox studio in new york city this is "maria bartiromo wall street". maria: happy weekend all welcome to the program that analyzes the week that was in position you for the week ahead i am maria bartiromo, four weeks away until early voting begins in the campaign is crashing over america's top election issue. >> our country is in the most dangerous position it's ever been from an economic standpoint. you could end up in a depression of the 1929 variety. >> a trump get the chance to return he's going to pick up exactly where he left off fo

we get earnings from target, macy's, t.j. maxx, and zoom. this is ahead of the 2 p.m.meeting with jay powell. >>> futures right now have been looking all morning lock kind of mixed. you know, two twof the indices fractionally higher. the s&p basically flat, but just fractionally lower. we've seen the nasdaq take a bit of a downside move. before it was down 13 points, now 14, 15 points. >>> let's bring in our next guest, courtney, a cnbc contributor. always great to see you. >> good to be here. >> how do you see the day shaping up? what's your w.e.x. word of the day? >> the w.e.x. word of the day is breadth. a lot of it is due to the fact we're shaking off any of the never usness of the economy going into recession. the economy has continued to show it's on good footing. you're seeing 80% updates in nasdaq stocks, but on top of that, you're seeing higher advanced decline lines in the nasdaq, and you're seeing the broader markets doing well, meaning breadth. that's a much better sign you can continue to see this momentum going forward. you're not going to see just seven

are, of course, looking for a swactth o retail earnings with target, macy's, urban outfitters, and t.j. maxx. the retail sales cut their outlook. they're waiting for the fed rate cut. t there was a year-over-year decline for home improvement for the sixth great quarter. >>> the july foc minutes are released today while the fed annual symposium kicks off in jackson hole tomorrow with powell to kick off his much anticipated speech on friday. here in europe we're going to be looking for the flash pmis out of france, germany, the uk, and more. cnbc will be speaking to a hot of leading voices including the presidents of banks of kansas, philadelphia, atlanta, and chicago. i'm pleased to have jeffrey here. thanks for being here. first of all, characterize market sentiment for me now. i get the sense in having conversation with colleagues, august feels like august now. >> i want to say cautiously optimistic. i think consumers have been one of the issues. of course jackson hole is going to supersede the fomc minutes today. the markets will get whatever they want, whatever that means, probably not. w

you saw it at t.j. maxx. they are pulling back on discounts.the gross margin expanding this morning. we expect it to expand up to 100 basis points for the fiscal year. they're making inroads to make that improvement, but they do need to pull back on promotions. i think that is the right strategy moving forward to make it a more premium brand. manus: their signaling a meaningful change which would shift the discussion from being a struggling growth story to an undervalued brand turnaround. what will be the proof point for you that undervalued turnaround brown is really working? is it the margins? >> the margins are already expanding. for me, it is topline. i need to see them get topline growth. right now we are nowhere near that. under armour has tried this in the past before, so this is not the first time there pulling back on promotions to expand gross margin and to build their brand profile. it has worked but they slipped again. the real question is, this time around, will they make the changes and then will the changes continue to drive outp

a decline of ten in the s&p 500 higher by one point all of this retail earnings, target, macy's, t.j. maxxrterly earnings we will have the numbers and check market impact, the fed minutes for july out today ahead of federal powell's remarks on friday in expectation of more clarity on a september rate cut the ten year treasury 3.8 to present up one dated three basis points. european markets are higher, ticketless euros on cac on up to to and the dax index higher by 60. in asia markets finish most was over, fractional moves across the board the biggest mover was hong kong down two thirds of a present on the hang seng, joining the conversation all morning long bullseye annuity adam johnson, gop strategist krysia lenzo and acting ice director jonathan fahey. "mornings with maria" is live right now. ♪. maria: it is time for the hot topic about were, day two of the democratic national convention to the books, the years is accepting the nomination from 9t night. >> the delegates at the democratic national convention, they just completed the rollcall and they have nominated coach walz and me to be

t.j. maxx is coming out next week. they've done well.that are showing some consumer slowing. this is consistent with a soft landing where we're going to see different and contradictory data. so i am encouraged by retail sales. i'm encouraged by walmart. but keep in mind, 60% of walmart's sales are from groceries. and that is where most of the profits are coming from. maria: all right, gina, great to catch up with us. thanks so much. jay they that bolvin joining us you. quick break and then migrant crime is surging across the country as border czar kamala harris tries to talk tough on immigration but voters are not buying outer. new fox news poll reveals who they blame for the border crisis coming up. congressman eric burleson is here with reaction. president biden cannot seem to the retain an audience anymore. we're talking about it this morning you're watching "mornings with maria" live on fox business. stay with us. ♪ it's time to grow your business. create a website. how? godaddy. coding... nah. but all that writing... nope. ai, done,

. >> this is the owner of the bargain-hunting places like t.j. maxxy raise the full-year profit expectation stock is up 4.6%, this is trading down to affordable substitutes. i like to look at restoration hardware the rh briand you can find a lot of at home goods, cost a lot less. stuart: i will try to remember that, how about walmart they just sold their entire stake njd.com, why do they do that. >> jd is down almost 8%, they are de- risking, jd.com is a cut and ten chinese company and walmart was the largest shareholder with more than 5% stake, the sale was worth $3.7 billion they want to focus on their own operations in china and they have a sam's club and they can control cost, they can try to grow, china's economy is bad but still walmart was able to pull off a 17% increase in its sales in the last quarter but now they're going solo and getting out of this investment. stuart: "after the bell" we have more earnings i believe zoom is up, what are we looking for. >> and looking at the stock at 59, and october of 2020 when i was sitting at home and yo

i went to t.j. maxx yesterday with my 6-year-old and looked around. all the stuff is half off.ou are shopping. >> ainsley: buy so many cute things there. we did a back-to-school segment and we shopped at walmart and marshals, at marshals buy ralph lauren very inexpensive and the little boy looked so cute. thank you so much, rachel. wish you all the best. you are down in the nashville area. have you already started. >> we did week two. some are in school some are starting. again, they still want things even when they are in school. >> ainsley: what was the most expensive thing you had to buy for your children? >> i would say the back-to-school clothes. i think when we were looking some of my girls wanted new shoes they wanted the high tops. okay let's go dsw vs. nike. it's the store selections. amazing what you can save and still get them some things they want. >> ainsley: thank you, rachel, >> ainsley: thank you, rachel, we appreciate itvery. more "fox & friends" coming up. at stearnsandfoster.com here's why you should switch fo to duckduckgo on all your devie duckduckgo comes

a host of retail earnings starting with lowe's tomorrow along with target, macy's and t.j. maxx as well. then there's jackson hole starting on thursday with powell taking center stage friday followed by a number of key event as head of the big rate decision in september. so, dan, we'll start with you. are you starting to feel good about buying this recovery rally? we've pretty much gotten back everything we lost and maybe even a little more from that monday drop we saw a couple weeks ago. >> i think it's tough to continue to buy here into friday and the unknown here. if i think about some of the other inputs here to what's going on with the stock market, if you look at yields and the dollar and look at crude and vix, they're all kind of round trip, those moves that it had over the last couple of weeks so those ingredients are probably pretty powerful to get the s&p back through those prior all-time highs. let's be clear, i did not think that was something that would happen as we got into the end of july, early august i think the lack of kind of fear that kind of gripped the mark

jonathan: we will hear from t.j. maxx and target on thursday. look out for that.ooking to the board, front end of the curve at the moment. the two-year is well anchored. really well anchored going into this federal reserve get together. lisa: i love the narrative shifts that we have seen. there was a time a few weeks ago where people were talking about a hard landing in the fed cutting aggressively but now there's increasing pushback from officials going in against the rate cut talking about the strength of the economy but the need to reduce interest rates simply, to keep the same restrictiveness with inflation coming down. it's the feel of immaculate disinflation returning again, which is why you have a well anchored to a year with risk assets doing well. jonathan: taking a look at dollar-yen, strength on the board just a bit after quite a few weeks. we are back down to 140 six. this story from the team out of tokyo in japan, boj releasing research papers highlighting the persistence of inflationary pressure in the economy and the take away for a lot of people is

macy's, target, t.j. maxx.se names report -- we talk about some of the contradictions between what we're hearing from companies on the consumer in america and what we are seeing in the hard data. lisa: the hard data also being walmart which does not see any fraying of the consumer. a key question is how much is this the big getting bigger and walmart gaining share at the expense of target versus -- this is not the same kind of strong consumer that can lift everybody. that is what we will see in some of the earnings. jonathan: look up for those numbers on wednesday. the main event friday when fed chair jay powell delivers remarks at jackson hole. the rate cut debates shift from how soon to how much. joining us is nila richardson of adp. i want to go back to something we were talking about a few weeks ago. you said it is too early to talk about hard landing. you said the middle part is difficult to read. can you walk us through that again. the data over the last week or so validates your approach. nela: this woul