tjx companies? now the payoff.as risen 35% year to date. >> i thought it was estee lauder. but anyway. shares of google and apple are higher. tech outperforming the broader market today. >> big moves in shares of apple as well as google. start with apple. all things digital. retailers continue to cut the price of aye phones as they gear up for the iphone 5 so that buzz around the launch is what's helping shares apple reach what it has not seen since april. downgrading the stock, writing google trades at a 25% discount to the online advertising sector. google has been trading well above 200-day moving average for over a month now. to pandora, shares getting hit after morgan stanley downgraded the stock to equal weight. analysts riding the hiring made pressure the earn things year and next. back to you. >> thank you. it looks like dicey now for the s&p 500. might have its first seven-day win streak since october of 2006. index finishes up more than 5.78 points. big if. it will be its best seven-day streak in eight ye

if you look at the tjx company, bed, bath, and beyond, target, wal-mart, ross stores, pet smart, youook at the people that offer branded goods at a value. all of them offer convenience. they're conveniently located. they're for product at a great value. again, no one is looking to pay full price. everyone is looking for that bargain. we see the results every month or every quarter. the people that are struggling are obviously struggling for a reason. >> i want to try and better understand what your lease rates are. is there a sweet spot in terms of size of box where you can get the most per square foot? i mean, is a big box where you have a giant space really the best way to divide up your space, or is it actually great if you can divide up that big box into smaller stores and get a higher rate per square foot? >> that's a great question. it really depends on the location and depends on the demand. you know, the way to drive rent is to have competition for space. so if you have multiple tenants looking for space, you can drive rent. even in a recession you can drive rent if you have

but it's also being gobbled up by tjx. all across the board. gap. >> what do you make of what we got out of kors today and what does that tell you about the higher end? >> kors is a unique situation. i don't think you can look at kors and say the higher end is doing great. the higher end is doing well, but kors is an exception where they are gobbling up share. they're a unique product. the other brands are old. they can get 70% sales growth and they're new. if you ask any department store, macy's, dillard's, it's the hottest brand they can sell, they want to get as much as they can, it's being licensed in every other category. and europe is a virgin territory for them. >> did i see you're the former president of jcpenney credit services? >> yeah, i was. >> what's -- >> a long time ago. >> all right. that's all right. i'm sure you have a pretty interesting view about what's taking place there. do you have a belief in ron johnson and the job he is doing? >> i believe he's -- it's -- retailers have a difficult time making radical changes like this

. >> tjx had an unbelievable report. they hit on every single topic they needed to.oss will do the same thing thursday. >> always a

. >> with tjx, their home goods area, supplies. >> certainly. >> why apple's big victory could spellouble for google than you might think. we will tell you coming up. we're sitting on a bunch of shale gas. there's natural gas under my town. it's a game changer. ♪ it means cleaner, cheaper american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long term. ♪ you walk into a conventional mattress store, it's really not about you. they say, "well, if you wanted a firm bed you can lie on one of those." we provide the exact individualization that your body needs. welcome to the sleep number store's biggest sale of the year. not just ordinary beds on sale, but the bed that can change your life on sale. the sleep number bed. never tried this before. this is your body there. you can see a little more pressure in the hips. take it up one notch. oh gosh

another greater company, tjx company, tj maxx, marshalls, home goods.f you want something for the dorm, $100 worth of stuff? >> stock. >> you are absolutely right. that stock price nearly doubled in two years, $230 for that $100 investment. your kids are not spending all the time -- at least my son, he wants the sony playstation. two years ago if i bought that for $250 -- better to have that? >> i'm going to say stuff. >> good answer. >> that has taken a hit. >> this is the tiebreaker. >> you've got to buy school clothes. a lot of folks go to the gap. would you get the clothes from the gap or buy the stock? what would you do? >> i have no idea. >> what do you say? >> stock. >> you are right. it would be worth $216 here. let me see, who's the winner here? who got more? the last was a tiebreaker. well, the winner, you get to share the cnbc bag. you get to share it. >> we'll give it to jerry. thank you, jerry. >> all right. >> you don't want it? >> thanks, sweetie. >> my pleasure. >>> we'll get your kids in it gear. >> back to school right after this. toda

tjx out to a fresh high today. also joseph a.anks, and amazon also at a fresh all time high for the likes of everybody like me who buy everything, including by kitchen sink on amazon. >> mario draghi skipping the federal reserve meeting in jackson hole to focus on fixing problems. >> he has an op-ed piece, and i think it's the speech he was going to give on saturday. he is sending a clear message that germany needs to get behind a bond buying program. here is the line getting all of the attention. it should be understood that fulfilling our mandate sometimes requires us to go beyond standard monetary policy, and this is exceptional measures. >> this is a signal hay may do something. there is some ellipses there where we cut out some of the quote. why he thinks he has the right to do this. he says monetary policy should be the same across europe. you would not have different interest rates in georgia and north dakota. >> and i urge everybody to read this. he really lays out his view of the landscape. he does not feel that to prese

can't have home depot, kbap, tjx, ross and macy's all doing well at the same time amazon is doing it is spending money. i hear it's all zero sum because there is not employment growth. these arguments boil down to the idea that the winners in retail are taking share from the losers and that's it. i say, what losers? in order for retail to be zero sum, the winners would have to be balanced out by massive losses of businesses at their faltering competitors. who's faltering? jc penney? sure, there is spillover. macy's is close enough to jc penney to pick up sales but they have only $17 billion in sales left. that could be taken and probably will be. that's not enough to move the needle for anybody. home depot's strength is coming out of true value and lowe's. home depot has always been honest on the conference calls about when it is taking market share from others as an explanation for why it is doing better. this call this time, frank blake said it wasn't about share taking. it was a growing pie when it comes to housing related spending and gdp. home depot pointed out that it wasn't ze

tjx posted second quarter earnings above street forecast. big winner, michael kors up sharply. numbers were blowout. 34 cents a share, handily beating the street. kors raising its full-year outlook forecasting a 30% same-store sales jump for the current quarter. same-store sales numbers, jim, were things that retailers dream about. in the first quart eer same-sto sales up 30% overall. europe, 24%. north america, 38.4%. >> a lot of the areas others have sited as weakness. footwear. accessories. very strong. kors, the legacy stores have been great. they just now are establishing their business in china. a lot of people, a lot of hedge funds were short kors betting that coach was a precursor. now we look at coach and wonder if coach was an outlieier. >> the short interest in kors about 5.5 million in july. now 3.5 million. >> this company came out fires on all sidcylinders right from ipo with a strong performance there. following it up with a number of quarters now, at least two -- >> it's not an inexpensive place. you go to kors, you're going to spend -- even an outlet you're goi

tjs up 30% year-over-year, tjx. and home depot says consumers and areas hardest hit by the housing sector are now beginning to spend on home improvement projects against and helped lift the income by 12%. the retailer to watch is the world's largest, waiting to see if walmart can continue to improve its u.s. sales trend. >>> let's look at big names in retail and how far they've comstock-wise. see the gap? believe it up 87% year-to-date. limited and walmart, 23% year-to-date. >> sue. jeff kilberg is with us. i know i've done my fair share to boost retail. if you want to invest in it, how would you do it? >> the first time in four months since february with this retail sales number. right now, i want to coattail home depot. ma masco feeds the products to home depot. i like target. i've been adverse to get into high end retail. we saw kors produce and people going back to school, will run to target to get what they need. >> yes indeed. i was there this weekend. do you think it's safe to spend again or are you still try

you want to look to go into tjx. >> i don't know how much worse it can get for the solar names, but for solar, that was a drop of 18% today. mike, this is just a disaster. >> yeah, the hits just keep coming for these guys. they halted deliveries to the largest power plant being built in arizona. that plant is almost 85% done. there's a supply glitch for these solar panels. this is a disaster. i would stay away still. >> and finally, a drop for jersey shore but a pop for american culture. >> yes. >> snooki, you can't win them all. after three years of partying, mtv has announced that the sixth season will be the ends of the road for the jersey shore gang. snooki supporters need not worry. a jersey shore spinoff starring her roommate has been green lit for a second season. >> guy is tearing up. >> i've never seen the show. and call me maybe? i don't know what she's talking about. >> he's too busy running and biking. >> next, a former adviser to president reagan weighs in on why he thinks mitt romney's tax plan is a win-win for all americans from the wealthy to the middle class and on down

tjx trading at all-time highs and smuckers. trading at all-time highs.postale shares lower. rlx up 3% for the week. may not feel it, housing stocks some of the better performers here today and across the week looking at some of those numbers, sue. so we could be in a bit of a housing recovery at least with the stocks. >> stellar performers. who would have thought it? thank you very much. >>> let's take a look at the treasury market. and see how they're faring right now. it's been an interesting week. we have had a back up in yields as you know in the 10-year and my colleague rick santelli off today is watching the 30-year on the trading session. we have the yield on the 10-year at 1.81%. keep in mind, remember, not too long ago looking at record lows in the 10-year and 30-year almost at 3% and something to keep an eye on and certainly what the stock market is watching in today's trading session. >>> shares of apple hitting an all-time high today and offering a very rare admission of a mistake. right now, the stock is up 1.3%. jon fortt live in san jose w

one, much tougher competition for walmart from target, tjx, amazon, apple. >> they can't all be doing really well, right? who's got the market share? you going to worry about everybody? >> number two is walmart's capitalizing on the competitive chaos, maria, at best buy where richard schultz, the founder, isn't allowed to buy the company. it's a huge category as you've reported for the holidays. with mr. jolet coming in from france to run the company, that's not a good prescription for best buy. could be a huge competitive advantage for walmart. >> you also have an economy that's sort of in a tough spot right now. are you also worried about just consumer spending in general going into the holidays? >> maria, testidefinitely worri about consumer spending. the strongest increases in 2010, 2011 -- big declines after crop year 2012. there are a lot of walmarts in that area. worry for walmart. worry for a number of the other retailers in the economy overall. >> i'm not sure why we're talking about the holiday season anyway. we've got a week and a half left in the summer. why does walmart's

gap did well, tjx did well. think when you look at these, and the conclusion i have, is there is a tremendous resurgence in the consumer. anyone that doubts this most go over to the home depot kal. they have double digit gains in a lot of category that's have to do with you spending more on your house, target, macy's, these can't be wrong. >> but if you're a fund manager and you want to rotate if that occurs and you think walmart is getting rich, and you wanted to stay exposed, would you even do that or do you just stay with walmart because it has so much momentum. do you move to target? >> i think walmart the run really just started, i think target is cheap. we'll go back to what i used to look at this group as having which was tremendous multiple growth and expansion. we have been in a period where campbell's has a high mobile. maybe it's time to return to the executers. i don't know anyone in the industry that has not been amazed at terry lundgren. i had steven on last night for saks, i went over guidance wit

the off price stores, tjx was strong.e they're continuing to take market share from jc penney. general merchandisers, target and costco, they were terrific. apparel stores were great. you mentioned gap. buckle was strong up 4.5%. nordstrom, what the heck? 21%. that includes the anniversary sale that was in july. that's a remarkable number overall. nobody lowered guidance. nobody complained about the weather. i never have that. we never see that. here's what i think happened. two things. number one, hurricane irene occurred last year in august. remember, that went up the east coast, as i recall. i think we're dealing with a little bit of an effect of that. i don't know how to factor that in. but the guys i talked to who've watched this stuff obsessively said that was likely a major factor. the other thing is, i know this is strange, the fashion cycle was strong. i know. i find it hard to believe that bright colors actually got people into the stores. but everybody i talk to said, yeah, they really got it right this time. e

tjx and ross stores. tjx has some international exposures in the u.k., which is a good thing. that's a new outlet that's working. kohl's should be benefitting. they're not. they've had some self-inflicting issues, but they could potentially. so that's really the the group to watch out for. >> finally, obviously, some shorts are a little nervous here today. if you were short the name, would you be a little leery going into the regular session? >> well, i think there is some short covering. the news was much worse than expected, so everybody's piling on and covering their shorts here, so it's probably played out for now. and once we get into the quarter and the stock does rally, sure, you can look at it as a shore, but for now, i would cover and say thank you very much, this has been one of the best shorts out there. >> a quarter of the shares are health. thanks as always. >> meantime, a big day here at the nyse. soccer power house manchester united is set to make its debut. below the 16 to $20 range the company was seeking. i wish we could give you a look at what the balcony lo

to be trumping private label. >> is that a winner, would macy's be a winner. >> macy's, nordstrom, tjxox. >> ron johnson? >> yes. >> j.c., is this workable? are you willing to suffer through whatever this transition is to get to the other side? what's on the other side? >> yeah, that's a good question. i think it's too much too soon. i think this is one of -- we've seen retail turnarounds, they're tough to begin with. the massiveness of the change, whether it's the pricing. it's confusing for the customer. the assortments are still the same. the customer's saying, why should i pay noncoupon prices for assortments that have yet to change. they clearly are dropping a lot of share. and in this environment -- >> can they get it back? we've had -- bill has come in here, we've talked a lot about this company. this is supposed to be the future of retail. this guy was supposed to be the guy who understood how to do this better than anybody else. is it the guy or was it the product which was apple at the time? >> right. i think we've seen many examples where a guy can't trump an organization th

yesterday tjx, the owner of marshals had an all-time high. it is a good day for retailers.u. romney broke new digital advertising ground today. he was the first to use and add. they are promoted trends. users can click on these and they are directed towards twitter feeds of tweets. people who use twitter know what i am talking about. that is what they are trying. our next guest got a gold over at the olympics. her third straight one. it was in beach volleyball. misty, it is terrific to see you. thank you for coming on. congratulations, obviously, on the gold medal. one of the things we talk about on a business network, athletes that are in sports that are not the "traditional" sports. at some point, you have a great run like you have and then what? what is next? >> as an athlete and i always tell this young people, it is good to have a plan b. sports will not be there forever. i think with athletes, it is about just being yourself and letting your personality shine and things just come about. maybe you'll pick up new sponsors. maybe you'll become a speaker. there are severa

on the retail front, ross and tjx hitting-time highs. >>> we are watching shares of apple trading atthe new altime high with 658.25. toni is a senior analyst. great to smeek with you, as always. >> my pleasure to be here, melissa. >> with the stock at a high, i've got to take the bear angle for a moment. if we' expecting two launches of a new product a. mini ipad and some sort of tv device, could that pressure apple's expenses in terms of ramping up the factories and then also marketing? >> well, in general, the iphone is a very high margin product. and so historically the gross margins on an iphone have been around 60%. so even if this is a fully featured iphone and there are significant incremental costs associated with it, we're still looking at a product that may have 50 to 55% gross margins which is much higher than apple's average. selling more of these devices pushes up margins, which is a good thing. >> toni, brian sullivan. i've got a more basic question. if you have an iphone and you have an ipad and the iphone, a couple inch screen, why do you need something in the middle?

and ubs favors off-priced retailers tjx and ross stores.orecasts continue share gains for that group. now, on kohl's conference call, the ceo said consumers are shopping later for back-to-school this year and if that's the case, back-to-school saturday may actually end up being too early. joe? >> okay, courtney, thank you. and you're playing -- courtney is helping us play in to this sort of mini theme today. you saw t.j. maxx, ross -- >> she's rooting for them, right? we all want success. >> here's my point. this is what i'm saying. if in europe there's this idea that antitrust officials over there actually are more concerned, sometimes, with making sure everybody stays in business because of the jobs that are there. >> right. >> and eventually, that will backfire, right? >> that's true. >> because not everyone -- >> not everybody can succeed. >> i want all the employees to keep their jobs. i want shareholders to be enriched at jcpenney, but i sdhand you need to earn all of that by running a good business -- >> and they may not succeed. >>

macy's, target, tjx all reporting better than expected sales figures.bercrombie lowering its outlook for the year and a&f has had a rough go of it of late. but better than expected for a lot of the retailers. costco, first beat since february. >> it was terrific. don't forget, 20% europe. the comps down 20%. you don't come back from 20%, people. starbucks says last six to eight weeks horrible. we hear that. all business as usual. chipotle, having one tonight, last six to eight weeks bad. >> and macy's strong sales in the month of july when starbucks hit their slowdown, slow patch. is it a starbucks-specific story? green mountain on its conference call yesterday said there's not a change in consumer behavior that they saw. >> and if you look at scores, there has been a change in consumer behavior, to a positive. >> kim said last night the tone of the retail, the ability to be able to want to expand, the rays that are all going up for retailers who want to spend are dramatic, positive, sequential gains. i have never seen companies say it's the end of the

tjx, marshalls, home goods. $100 worth of stuff? >> stock. >> you are absolutely right. for $250. better to have that? >> i'm going to say stuff. >> good answer. >> that has taken a hit. >> this is the hitiebreaker. >> you've got to buy school clothes. would you get the clothes from the gap or buy the stock? what would you do? >> i have no idea. >> stock. it's worth $126. who is the winner here? who got more? the last was a tiebreaker. the winner, a cnbc bag. you get to share it. >> we'll give it to jerry. thank you, jerry. >> all right. >> my pleasure. >> get your kids in gear. >> back to school right after this. -[ taste buds ] donuts, donuts! -who are these guys? -oh, that's just my buds. -bacon. -my taste buds. -[ taste buds ] donuts. how about we try this new kind of fiber one cereal? you think you're going to slip some fiber by us? okay. ♪ fiber one is gonna make you smile. ♪ [ male announcer ] introducing new fiber one nutty clusters and almonds. [ female announcer ] gross -- i'll tell you what's really gross: used dishcloths. they can have a history that they dra