tjx. did beat on the bottom line. they have an increase of 1% with shy investments of 1.6. it's down 5% in the free market. let's get down to the new york stock exchange. jim cramer joins us. another retailer missing. >> yeah, got to listen to the conference call because that is quite a surprise. they will be the beneficiary of a lot of the retailers that are in trouble. they come in and buy their merchandise and then that's something will be in this quarter next. they travel back. dick's in the same way. dick's kind of made you feel like things were pretty good. the only one that's good so far is home depot, and that would, again, be something that is hard to beat if you're amazon. let's listen to the calls. dick's was a very negative guy. it's a challenge. it's amazing.

my stock is tjx. after listening to your show, i took a small position in tjx before earnings and right now it's 4% down from where it was all day today. i want to pull the trigger and buy some more. >> we have had a lot of soul searching today. i have a club conference call tomorrow, i've been soul searching and i agree with matthew boss, that you're going to be selling it right at the moment where they're just going to get all that merchandise from macy's and penny's. when i say soul searching, tjx missed and i carried it around like a lead weight. let's go to tim in california. >> caller: boo-yah, jim cramer. you know, i just want to say, it's a pleasure to talk to you, i've been watching and listening for years. >> i would rather be where you are and talk with you than be here in jersey. but we have to make do with what we have. >> caller: isn't that the truth? anyway, fully agreed on that. i have been looking for the best of breed in the money transfer space. >> okay. >> caller: i found global pa

the designer stuff show up on the shelves at tjx as opposed to online. there's a structural reason why kind of the other retailers and the designers like it. >> i like nordstrom rack. the trend is still intact there. michael, thank you. see you tomorrow. "fast money" begins right now. >>> "fast money" starts right now. live from the nasdaq market site overlooking new york city's times square. i'm melissa lee. tonight on fast, steve eisman is here for an exclusive interview. the man who called the mortgage crisis and he's back to tell us what's keeping him up at night now. why one uber bull is getting cautious on the carmaker's big run. shares of the cyber stock soaring. the one name that could keep your portfolio safe. the dow up nearly 100 points. the s&p closing at a record high above 2400 for the first time ever. the nasdaq hitting a record and the russell 2000 soaring. amazon, 20 years after its initi initial -- market cap taking off a whopping $450 billion leaving traditional retailers in the dust as they struggle to stay afloat. the two names have

tjx weighing the retail industry down. let's look at sectors.n talking about this rotation. this is one of the reasons the market has been so strong. what's been the market lagards. what were market leaders, yesterday and now again today. energy and bank stocks. consumer staples was a market lagard. it is a leader, the rotation again. health care, big market. leader. the retail index, xrt, take a look, now down about 5%. this time it's tjx. some of the discounters start losing their allure. people have been asking me about alternatives and can you buy into companies that are more into the ecommerce space. the rth, for example, much smaller etf that concentrates on 20 companies in a rules-based system. they own, for example, amazon, home depot, walmart. they're all doing really well. that's up 8%. there's different ways you can slice and dice this depending on weightings and one sector or another. home depot, i have emphasized this before. just amazing, amazing numbers. just to give you an indication, this company has $100 billion in revenues. do

ross stores, tjx counterpart, both on relative basis okay.rea, but, again, all about that leader in that one piece of retail that seems to be working. >> ann, a buyer of the names like everybody else here? >> you know, i -- we're a little bit cautious on retail sectors in general, but i think urban, because of the things i stated earlier is a better relative pick than many of the other names. >> all right. we got to go, mark, but what's your best idea right now? >> i think along the idea of the same thing, how about taking a look at dollar tree right now? we got a catalyst with dollar integration, why people hated the name because of the concerns about the border adjustment tax and products from china would be t taxed, but now take a close look. there's plenty money to take from that integration of that particular transaction, and it's, frankly, stock picking -- pick catalyst driven names. >> absolutely. cool. dollar tree there. year to date performance up just a tad. thank you, both, for joining us, mark, kicking things off this hour. >> wel

tjx also says profits will decline this quarter — sending shares down more than 3%.e challenges facing the industry. stores are under increasing pressure from online competitors. a pair of diamond earrings has been sold for a record price at an auction in switzerland. the flawless pear—shaped diamonds, one pink, the other blue, fetched a combined price of almost $58 million. iam i am expecting their arrival quite soon. . . i am expecting their arrival quite soon... more and more jobs look set to be automated in the nearfuture, something that's concerning workers and politicians. but how capable are the latest machines, and are they really likely to replace humans altogether, or help us all be more productive in our work? rory cellan—jones reports from the innorobo exhibition in paris where the world's leading robotics firms and startups are showing off their creations. from around the world the robots have come to paris to show off their new skills. this one responds to the colour green. it seems to be distracted by the cameraman. and they are leaving the factories a

we have home depot, that's before the bell, also look for numbers from tjx, the parent of tj maxx, marshalsnd home goods. >> can these retailers bridge back the retail trade after disappointing retailer numbers last week. tj maxx has bucked the trend. off-price has been a big area. both revealing that they may be amazon proof. >>> president trump reportedly revealing highly classified intelligence information to russian officials during a meeting at the white house last week. this according to the "washington post" and the "new york times." the information is said to have come from a country that's a partner with the u.s. on anti-terrorist efforts and has not been shared with allies because of the sensitive nature. h.r. mcmaster coming out last night in front of the white house to reporters denying that. >> there's nothing that the president takes more seriously than the security of the american people. the story that came out tonight as reported is false. at no time were intelligence sources or methods discussed. and the president did not disclose any military operations that were not alre

. >>> tjx bucking the doup ward trend. stock got upgraded to overweight at morgan stanley. they see it as a buying opportunity. what do you guys think of this? it's a bold call to give any upgrade the overeight on apparel. it's one of a handful of stocks that have buckeded the trepd, so tjx, ross store, burlington, have all enjoyed a respite from what's been going on with the rest of the industry and they have premium multiples because of it. when you get one miss like this, it's kind of hard to come back. scott, we were talking last month about tract eor supply. that was on my radar list. they missed and just day after day, go down. i don't think today's bump and today's report is going to recover the stock which is finally feeling the effects. >> would anybody buy anything that has to do with apparel? it's home goods. everybody loves it and in the research report we're referencing today for morgan stanley, they ask consumers where they plan to spend the most with different outlets and furnishings and this company was number three out of ten or 12 names in the slide. i thi

tjx is the parent of tj maxx, marshalls and home goods, they're actually very good., almost 4%. sales at dick's sporting goods off 11%. ouch. but some encouraging sales numbers from staples. they get rewarded with the stock moving lower by 2.25%. it's been tough going for the retailers each though staples did pretty well. strong housing market though, we've been talking about that, helping home depot's bottom line. up nearly 2%. and that does reflect what we're seeing in the housing sector. hackers, they're holding disney's latest pirates9 of the caribbean installment for ransom. the pirates have pirated the pirates. [laughter] plus, more pirates. the ford motor company cutting 10% of its work force. remember, ford lost market share to tesla and general motors. the stock, though, up half a percent. maybe investors like cost cutting. let's bring in for this extravaganza, liz, shaw and mike murphy. thank you all for being here. a a lot of political turmoil in washington, but we are seeing green shoots with wages, housing and hiring all picking up. shaw, this is based o

obviously when you talk about tjx, home goods and where are people spending their money. you can see that the way home depot is coming off its highs. you look at lowe's and where people are spending the money, scott, it's in the home. >> you remember that day, at this point it's probably eight weeks ago if not further back when we had matthew boss, jpmorgan on, and he's the number one retail analyst. we asked him point blank, is there a single retail or apparel stock or department store that you would recommend buying right now? and he couldn't find one. >> right. >> even as other people try to find and pick bottoms in this space. there's nothing that you would buy here? >> kate spade, when you're talking about coach and kate spade potentially, you know, what that could be. you look at somebody like what i've touted time and time again on dips and that's raufl laurlp. i like that one buying it on dips. when you look at that or l brands, two of the stocks i would focus on there, they have both had some nice pops, even though they're down hard from some of the recent highs.

dollar stores, dollar general, tjx, there's a clear reason for consumers to go into those stores. when you get to the middle of the retail market, you have to ask yourself, why will a consumer come to this outlet. the traditional retailers lack the ability to draw in the consumer. >> so you like barnes & noble, columbia sport. there are specialty retailers in many cases here. >> they're specialty retailers, they have a defined proposition for consumers. if you think about going into a big box department store, there's really little differentiation between one or the other. the department stores that break out will be those that really create unique curated experiences for their consumers. so you'll look to those higher end stores such as nordstrom's, saks, neiman's, once they fix some of the economic issues. >> very interesting. greg portel, thanks for joining us tonight. >> thank you. >>> now to the overall market. all that pain in the israeretai five.t cause s&p 500 gave back 3 1/2. for the week, all three of the averages were lower, albeit slightly. >>> meanwhile in italy, trea

not even tjx was immune from the downswing. 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

. >> tjx. retail has a tough week. why do you like this stock? >> this is t.j. max. we like it in particular because it has a business model that can compete against the amazon effect. a lot of your viewers have seen amazon devastate retailers across the board. 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

it's going to have a strong second half of the year, i think you need to get ahead of it tjx. a lot of people think it's only a matter of time before target turns around. they feel emboldened because the stocks pay a 3.4% yield. all of that didn't do too much good for the people who own kohl's or macy's. i'm not going to sanction to buy them. wednesday, we hear from sysco, there's been a lot of bailing of stock as of late. some good ones have indeed being disappointing, then cyberark. my travel trust has own sysco for age achbnd we're going to r it out. switching gears, the president loves to tweet as we know. and one of his targets has been rexnor. it has recently moved jobs to mexico. some companies want to take on amazon directly. you may think they're foolish, most fail. but one with a balance sheet that reports without fail. walmart will lay out the case, and i think could be compelling for why it's bricks and mortar stores actually do help its boy i think it's too early to tell, of course, but the stock after languishing for ages has become a big winner, up almost 10% fo

. >>> tjx. how they're bucking the downtrend in retail. earnings tomorrow morning.ts climb can continue right after this. i count on 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. ♪ ♪ ♪ it's not just a car, it's your daily treat. ♪ go ahead, spoil yourself. the es and es hybrid. experience amazing. (shouting) more power tools. more power suits. (shouting) more power... chords. with customized loyalty programs and data-driven insights, synchrony financial can help bring more... power to your business. >>> welcome back. sort of the biggest of the big here. warren buffett's berkshire hathaway is out with their filing. >> kelly, a bit of portfolio rebalancing for mr. buffett. he increased his stake in american ice and southwest, but decreased his stake in delta airlines. apple, we have a figure now on how much he owns of apple. how many shares. it looks to be about 129 million shares. he increased that during the quarter by 72 million shares. he also increased the stake in bank of new yo

tjx will release its latest numbers put the parent or t.j.arshalls had a bright spot in a struggling retail department as they turned to the companies discounted products. >> coming up, earnings for the big retailers. home depot up shortly. wal-mart something will be watching. we'll investors space-bar retail pain? what's behind the problems? a look at that. and then a lot like august or in the northeast. fox senior meteorologist gina stevens standing by. what's going on with the stock market futures after record close for the nasdaq, s&p 500. nasdaq up to come s&p down one. features that they. you are watching transcendent-- "fbn:am," your first look at morning markets and breaking news. ♪ ♪ here comes the fun with sea-doo. ♪ ♪ sea-doo has the most affordable watercraft on the market. starting at just $5,299 and get 0 percent financing. visit sea-doo.com today. nicole: good morning. 5:45 a.m. in new york. the trump administration strongly denied reports the president shared classified intelligence with top russian officials during a white ho

tjx, burlington stores and others. no traditional retailer like a macy's can possibly keep up with that headlong change even if they had time to think about it as was the case with macy's that saw transformation coming but couldn't adjust. it was like the polish army in world war ii. it tried to field cavalry with german tanks and did not end well. what else have we seen change in, television. i know there is talk about the cordless cutters, this is the shout-out to cord nevers. we heard on disney's conference call that got worried. a cord never is someone who will never look at traditional advertising. you can only meet them online. the cell phone has replaced the television as discussed by apple tim cook at cupertino last month. go to your apps and you can see them all. open your cell phone, tochdon't that. open your watch. there are plenty of companies that cater to facebook friendly experiences from six flags to david and busters and expedia and footlocker where they like to try on things in person. this is running

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

tjx the problem wasn't this quarter or the year, it was the projection for next quarter. that was really disappointing. although, i think the positive i took out of that was, they talked about inventories and they are going to be in a great position right now to capture a lot of the world that is really struggling around them to be able to get the levels back up to where they can make some money. >> have you bought? >> i thought about it today. oftentimes we talk about a three-day rule, i'm trying to stick with that. i get patient. under 75 i like it a lot. >> anything you like? >> i think tj looking at it deeper, this is amazon sort of like defensive. i look at it and say there is a nam you can buy on weakness here, i am comfortable with that. i think the discounters are the way to play the space. i was surprised. urban is a name people purged completely. i was surprised to see the comps down so much. >> the good news -- the bad news is urban gross margins deteriorates, not good. good news is valuation is not crazy. it's not ridiculously expensive. they have a balance sh

. >> if other side, tjx does so well, when you go to tj maxx. >> they get under armour and nike on the cheap. >> you boo i the run-in? >> the ones you have to borrow over the weekend? >> i bring it down to 16, i think the stock rallies. >> anything to invest before and/or amazon? >> and costco, too. the department stores, there are way too many of them. when you think of the big guys, intermediateing department stores, selling mass bulk. it seems i would stay away from all. i would call them dead cat balance on the at the present time stores. stick to your tj maxx. most different times it does really well. one point, with oil going lower, okay. i'm not sure this is an actual boone for the consumer. when you think of how many jobs we lost, when oil got cut in half over the last few years. then you think about the tax cuts and what's going on with health care, it's not exactly great for the low end consumer when you think about it. for me, i see more head winds for the consumer. >> in other words the reason oil prices are lower, the same reason why i think apparel is lower. technology is

tjx shares up 6% over the last year.watching shares of snap, finally getting positive news. several top institutional investors including soros fund management and goldman sachs have taken stakes in the company. more than 25 people have been hurt after charter bus overturned in baltimore yesterday. cheryl: yes, maria, a bus carrying 26 sixth graders overturned yesterday. a student and adult were critically injured. at least 20 passengers were treated. the bus headed to washington, d.c. for a class trip. the bus driver lost control and the after clipped by a car that was trying to pass bus on the interstate. well, wallet disney ceo robert iger says hackers are threatening to remove movie online for ransom. a source says iger did not say what the movie was but disney would not pay that ransom. disney has two big budget movies out this summer, pirates of the caribbean, dead man tell no tales and cars 3. shares up nearly 5% this year. elon musk's cousin is leaving tesla. he created solar city with musk back in 2006, the comp

tjx. disappointing comps. >> i'm just going back and forth with you on this.ugh, lower guidance. >> when you look at second quarter guidance. they lifted up the full year which is still below where the street is sitting now. i think this does create an opportunity. we talk about these things all the time. i was talking earlier pfizer wasn't down enough. where i think there is an opportunity to start looking at this name to adhere at 75. >> the power to the story is the margins. they were able to beat the numbers when everyone is not, and they had better gross margins, better operating margins, they had traffic in the store. so it truly could have been a weather problem and just a sluggish consumer in the first quarter. and they talked about april and may being actually much better like just about every department store did, too, by the way. no one believes the department stores at this point. i think you can believe this management. they're great. >> and they should feast, judge, on exactly the problems that are going on throughout the have i. the bankruptcies

. >> give me a thought on tjx if you don't mind before we let you run. >> to me the off-price sector is where the value is. even as relates to pvh, they're accepting of the off-price sector because they like the positive traffic. burlington reported this morning good results, continued positive traffic. i think value is all about the off-price sector. and as the brick and mortar landscape continues to consolidate, t.j., burlington, that off-price sector is where you want to be. >> appreciate the time, thanks so much. do you guys want to put a bow on this. doc? >> i like this one at 96 last week on the show, we talked about it. $11 higher here. this is one of them where i agree with matt, but i do think that you either sell some aggressive calls into it or take some off the table because, again, you've had such a winner here. >> this management is great. it's another very good management team. knows how to allocate capital, knows how to bring the balance sheet down. >> you got a flavor of that last night on "mad" with jim. >> great call by jim. he's been on this one for a while. >>> a

home depot and tjx. and wednesday, target and l brands. thursday, walmart and gap. also getting results from cisco, alibaba and campbell's soup. >>> and some disruptions from what's calling wannacry, wannacry ransomware worm. it wrapped up computers in 150 countries. the bug exploits a security flaw in windows xp. once it infects a computer, it encrypts the files and then spreads to other computers. wow, it just hit our teleprompter. i don't want it to happen -- nothing ever -- why am i not -- it's in 150 countries. everybody gets it. >> you're feeling left out? >> i don't know. do i not do things that other people do on computers? you know, your inews -- >> this is what andrew said that could have been the problem with it. >> they're not asking for $10 million. $300 through bitcoin. they want $300 in bitcoin. the attack has shut down systems in the uk's health service. and prompted automaker renault to idle factories. other organizations reporting infections. we saw this last week, fed sext. and it was based on software developed by -- figures, right, the u.s. nsa,

go to tjx.ourself with all the retailers are they getting the value that the consumer wants? and you got to reinvent yourself. you can't sell the same stuff that everybody else is selling. >> i mean, i'm an old moose. i love going to department stores. you and i have talked about this. >> absolutely. >> i think the best theater in new york is to walk in the first floor of sack's at christmas time. people are squirting you. it's good stuff. but, i can get most of the goods that they sell somewhere else and often cheaper. >> that's the problem with a lot of these retailers -- >> and i need something more in terms of an experience. >> that's right. >> not merely get squirted with the perfumes. i need more than that. >> that's the issue with the number of stores. you've got too many malls. they're closing 7,000 stores this year. you're going to see more coming because we got twice as many as europe. but the problem is you got to provide an experience. go to dubai. walk into a mall where you have a s

even the old discounters remember ross stores and tjx, they were darlings a year ago.retail leadership group is getting very narrow. i struggle to describe how big amazon is. my favorite statistic and this is i think the best one i have come across in a single way is there was probably online sales grew maybe $50 billion in 2016. retail -- internet retailer estimated amazon got 65% of the growth in online growth. and they got 27% of the growth in total retail sales including everybody else. that's a remarkable statistic. that tells you how do you even exceed against something like that, that's what they're facing right now. listen for any other comments but i don't know how anybody can talk about their margins from one year now. things are changing so fast. still waiting for the comments starting tomorrow. macy's and kohl's. finally an ipo today. my old business, retail -- in the housing business, i grew up in the home building business. five point holdings, it's a lennar spinoff. 14.50 to 16.50. we'll have the ceo here, in fact, from both companies they'll be here to

. >> better response than the initial response of tjx. courtney, thank you.s well, josh, lipton, how did they do? >> reporting eps here of 28 cents, burst expectations of 26 cents. revenue 2.39 billion. street at 2.35 billion. deferred revenue at 5.04 billion, a jump of 26%. turning to the guide, kelly, 31 to 3:2 cents. street at 31 cents. revenue, guys, 2.51 to 2.52 billion, and salesforce raising 2018 guidance, basically in line with estimates. you know, kelly, headed into the report, salesforce, of course, on a tear, up some 30% year to date, trading roughly flat here in the after hours. that call starts at 5:00 p.m. eastern. back to you. >> thank you, joshua. >>> coming up, more with the bank of america interview, and his take on the state of the u.s. economy, tax reform, and whether he thinks millennials spend too much money on that avocado toast. stay with us. and it's also a story about people. people who rely on us every day to deliver their dreams. they're handing us more than mail. they're handing us their business. and while we make more e-commerce

aboutit is kind of walmart, target, home depot, tjx , what is your biggest read through on the retailt. i would say online is rapidly changing the entire industry. it reminds me of 25 years ago when walmart came on the scene and started adding supercenters, the change and the companies driven out of business. it is difficult unless you are offering a specialized service or product that is differentiated. there are a few standouts. home improvement is doing well. ok,price seems to be doing and then automotive parts, but otherwise it is difficult if you are competing head to head with amazon. jonathan: we appreciate your time. thank you for coming on the program. coming up, and exclusive .onversation with peter roskam from new york city, counting you down to the opening bell, futures softer, the drama draining out of the market a little bit. you are watching bloomberg. ♪ jonathan: the d.c. drama deepens. former fbi director robert mueller oversees the investigation into russian meddling. volatility in washington groups wall street. futures continue to soften after the s&p 500 suffered i

lowering its full-year estimates earnings on the high-end versus estimates the street had by a penny, but tjxhe standouts of the retail market because of the discounting and it is getting hit by almost 5%. next, max baucus will be joining us and discuss the drama in d.c. and the potential of tax reform. this is bloomberg. ♪ emma: this is the hewlett-packard enterprise green room. coming up, an interview with senate mitch mcconnell at 9:00 a.m. eastern time. david: this is bloomberg. i am david westin. to keep up with things in washington, you need somebody with experience in domestic financial matters and foreign policy. we are joined by next baucus, he most recently served -- max baucus. served 36 years in the united states senate, including serving as chairman of the finance committee. great to have you. max: good to see you. david: we want to talk about tax reform. but the president of the united states and the washington post that conspired together to say we have to ask you first about this report coming up late yesterday, where the washington post said that the president revealed confid

tjx. did beat on the bottom line. they have an increase of 1% with shy investments of 1.6.e new york stock exchange. jim cramer joins us. another retailer missing. >> yeah, got to listen to the conference call because that is quite a surprise. they will be the beneficiary of a lot of the retailers that are in trouble. they come in and buy their merchandise and then that's something will be in this quarter next. they travel back. dick's in the same way. dick's kind of made you feel like things were pretty good. the only one that's good so far is home depot, and that would, again, be something that is hard to beat if you're amazon. let's listen to the calls. dick's was a very negative guy. it's a challenge. it's amazing. >> still the earnings that's driving this market. you're not worried about something else? >> i'm no really not because the rest of the world seems to be doing quite well. we have eurozone numbers. we know asia's been better. i feel quite confident that the companies that are based here that do industrials over seas are doing quite well. then it's really tech