tjx, they cleaned up this is the beginning.have so much inventory from all retailers doing terribly it ends up in tjx's hands. i like this company. marvin ellison, how about he got room on the margins and so much room to make the dotcom better. >> marvin ellison. >> i love him. i like the margins, very strong. home depot had a good number and stock up strong. corona, corona and then getting much more leverage out of people conscious of the toll. we have doug yearly on tonight toll should have done better on interest rates let's talk about that. >> let's talk about growth once again outpacing value nasdaq up 8% >> a lot of fang there >> apple part of that and amazon's big resurgence after disappointment, under-performling. then you had a lot of people get out of that trade and go into value, the likes of the banks andenergy. lower rates for banks, we know what's been happening. >> that seems a very ill-advised move, david. >> and macro concerns. >> if you can't care about how you're doing, you care about performance and you care

there is then tjx. i am betting on a strong quarter. pier 1, these companies go out of business or go bankrupt, that's good for tjx. marriott international this hotel company, which is so good, has a huge business in china. a lot of -- when it acquired starwood i am wondering if the rest of the world's strong enough to offset what is some obvious chinese weakness we're going to find out. last quarter simply wasn't special enough to send the stock higher from brooklyn could put up some good numbers then there's square. and today's weakness aside, this thing's been on fire the payment space is red hot squares technology is at the heart of it. you know we just started liking again. after a long period, we decided no thank you thursday is jam packed with tons of companies reporting first, you got best buy. i mean, when will people stop dissing this chain best buy's figured out how to sell electronics better than anyone in the world. anheuser-busch, i'm going to tell you bud reports -- now, they came up with this thing called bud light seltz

>> for it, real quick, tjx and the reason with jimmy here, did you see the same store sales? this thing's going to rock n roll final trade is pfizer. i saw some car buying. i like it. >> >> "the exchange" begins now. >>> thank you, scott hi, everybody. welcome to "the exchange." here's what's ahead. collapsein yields wiped out a big rally. coronavirus spreads to new places and the fda sounds the alarm about a possible pandemic. >>> the cdc says worry and be ready. the white house says it's contained and under control. the administration is facing criticism on the mix messages on the coronavirus. >>> we hear from a biggest port in the country, a bank ceo saying things are slowing and how hong kong is handing out

tjx raised its dividend and adding to its stock buyback program.ck is up more than 7% toll brothers missed on earnings and revenue. the home builder says lower sales prices hurt its profit margins and had delays due to coronavirus. toll is down 13% finally check on bitcoin also down today as the stock market tries to rebound but bitcoin not getting much of a boost no matter what it is down 5%. >>> the oil market is closing for the day and let's go to rahel solomon at the cnbc commodity desk. >> this is now the fourth day of losses for crude prices. take a look at international benchmark brent crude is down $1.53 settle close to $53.42 a barrel take a look at wti, you can see its down about 2.46%, still below the $50 a barrel level settling around 48.67 a barrel so one thing that's providing some support for prices, a much smaller than expected increase in inventories according to the eia, the agency saying today that for the week ending february 21st, inventories increase 500,000 barrels the expectation guys had been 1.8 million barrels. tyler, bac

. >> there's a company called tjx, just reported a truly remarkable quarter. david, after the show we'll go next door, and let me go why tjx. what merchandise do they have? >> good merchandise. came from high-end places >> came from people who are levered up and needed to get rid of inventory so tjx, i will go as low as ali's. i didn't want to do that because mark butler passed away, a tremendous flphilanthropic man u i have to think of places like a tjx where they have inventory from companies that may not make it there are bad balance sheet companies in retail. >> yes, i think that goes without saying >> let's vick vm ware. not a great quarter candidly just not great workday a really good quarter but not able to have their big sales, internal salesman i like workday sales force with mark benihoff said they've been relative will the not bad. i know keith block left and i liked keith block on the fact that he's a patriots fan but here we have a stock at 168 that was at 195 seven days ago, ten days ago that's very intriguing to me >> what do you make of some of

tjx is an idiosyncratic story. netflix and some of the semi's helping the s&p 500 to those gains.wnside, that tells the story. stocks lowerto 55 in the s&p 500 and most are the cruise liners, the airlines, expedia, royal plebeian -- royal caribbean, and lowe's. that is a funny one. the same person has been at the helm of lowe's since 2015. he is engaged in updating operations, but he has much more work to do. even in a housing market showing signs of being healthy and the fact that home depot is doing well, that is not helping lowe's today. guy: talking of earnings, the french waste giant reported numbers that beat estimates. the analyst call dominated by the coronavirus, which could hit operations in china. ceo about how much visibility he has regarding the virus affect. >> we have been monitoring the situation closely over the past few weeks. as you know we are an essential public service. we have an issue maintaining the continuity of services even when there is large disruption like this one. in china it was pretty straightforward. most of our activities were shut down during

adding also to tjx, the s&p 500 best performer. yesterday we had a very different morning session then afternoon session, the 10 year yield got down yesterday, it was an all-time low, six basis points off of that now. a definite sense of relief in the treasury market. it was below $50 an hour, back above that now. we will continue to monitor that situation. and all is well in the world, despite the fact that we are going to be tracking the coronavirus in the next two hours. about, a lot talk of stories we need to focus on, european stocks are stabilizing, the u.s. markets opened, and we saw that stocks one positive, drifting by little. is -52.an ten-year but things are looking more positive. and today we see germany potentially talking about loosening the pursestrings. this laterk about on. and there is talk that maybe some of the spending the market has been anticipating in the upcoming budget may be deferred until later in the year. pretty amazing that we have been speculating for and it may so long, have taken the coronavirus to

next up, macy's, home depot, tjx, foot locker, all gearing up to e release their reports let's bringding nation team. >> steve, things are good in consume r land, aren't they? >> looks good. unemployment at a 50-year low. look at the 30-year yield today. oil prices that are benign so the consumer looks healthy. for those companies that are on trend, have a good shopping experience, they're going to do well and those companies that are a little bit more obsolete are going to struggle. that's been the story for the better part of the last couple oof years but the exhumer looks strong >> you're speaking e liptically there, steve so what are you driving at there? companies that give the shopper a good experience versus those that don't i assume that means ones whose merchandising is good versus ones whose products is more xhodtized like department stores >> it's the quality of the product. if you're tied to housing, that's strong. athleisure is strong then are you convenient. is it convenient to shop with you or do you have a store eck appearance that's attractive lululemon or t.j. max h

. >>> even as the markets lose their grip on their mojo, tj maxx parent tjx hitting a record high after reporting strong earnings, also raising its quarterly dividend. the stock is jumping 6.5%. tj maxx did admit something we haven't heard about in awhile. the discount apparel giant revealed its seeing just a bit more pressure from tariffs. the pressure is off. short sellers of smile direct club grinning ear to ear watching their bets against the teeth aligner company pay off again. that stock is plummeting 29.5%, $3.34 to now just $7.99. an analytics firm saying bullish investors earned profits of more than $115 million as the stock sank following a revenue miss. wall street immediately followed with a flurry of price target cuts. the rating karate chopped from buy to hold on smile direct club. >>> despite solid new and existing home sales reports, housing sector names seeing double trouble. home builder toll brothers disappointing investors with its first quarter numbers and its full year guidance. that is also a problem. that stock is falling about 13.5%. then the company that helps

>> i'm looking at tjx. you are up almost 8%. you say good news for clothing retail but wait a second. this is a company that buys overstock merchandise that all the other clothing retailers can't sell. so the fact that tjx is thriving this environment is not necessarily great news for the macy's and penney's, the other struggling companies. lauren: luxury is struggling because they have a chinese customer and the hermes exec is saying questions still remain on the local impact of the virus and traffic patterns, they say obviously in chinese malls, haven't normalized. luxury sector with that big risk chinese customer is worried right now. stuart: got it. can you show me papa john's, the pizza people. it's way, way down, 8% lower. can you tell me why? ashley: they had to shut down 50 stores in china because of the coronavirus. they say there is not currently material to the results of their operations but of course, the longer this goes on, the more that is going to have an impact, like so many other businesses that have this expo

and they would include such names as tjx, costco, some of the home retailers and so forth. explain the reasons there. overall if you have goods that are more needs-based, that will hold up better think of kroger and walmart. nearly half of walmart sales or mo comes from groceries, consumers continue to need groceries. >> we were talking about at the top of the hour, as we saw oil go -- it's not the stimulus that it once was, we used to talk about retailer lice nordstrom with an over-concentration in texas. are there retailers you think could suffer >> i mean, overall, when you think about lower gasoline prices it could be the lower-end retailers. when you think about texas, yes, we do have a bench that will be impacted by that we've a tough start to the year in retail. we've seer some off-off-mall tenants close. think about pier one this puts more pressure if we don't have an -- >> you say that tiffany was not down that much today >> tiffany sold. maybe if they would have waited six weeks, it might have been less >> dana, always great to have you here >> are the will, one m

shares of tjx why reporting of fourth quarter earnings beat.go> on your terminal and check out all the charts. gtv . this is bloomberg. ♪ viviana: this is bloomberg daybreak. ,oming up on balance of power the university of virginia center for politics director. ♪ alix: time for bottom line. we look at three companies worth watching. joining us is brooke sutherland. katie cox is stick -- kitty koch is still with me. to disney. the new ceo is like "i am doing nothing different." brooke: i think the executive chairman's little bit funny. it was a surprising choice for the successor. the person who runs the theme parks? or people were thinking the one who runs the streaming service would be the one to get the job. alix: it was sudden. katie: most people expected the change to happen at the end of this year into next year. they have a lot of long tenured senior leaders to take over. he has worked there for 30 years. let's go to the second story, no dare not. -- moderna. katie: they do a lot of different things but they are in the headlines becau

have big expectations from tjx in europe, t.j. maxx doing incredibly well.t your perspective. stacey widlitz of s w advisors, and laura, thank you. come to new york. laura: sign me up. alix: coming up, more on home depot. we will break it all down in technically speaking. if you're company and your car, tune into bloomberg radio and across the u.s. on sirius xm channel 119 and the bloomberg business app. this is bloomberg. ♪ alix: time for technically speaking. bill maloney, chartered market technician and voice of bloomberg equities brought joints me now. listen to bill all day. type in squa on your terminal. let's talk home depot. bill: up around 3% right now. the stock has been a long-term uptrend dating back to december 2018. look for first short-term resistance around 247. if we get a break above that, look at 250 and 254. your first level is 247. alix: let's look at palo alto. what you see when it comes to the chart for the sector and palo alto? bill: they do network security. down 15% in the premarket. 200. support around 198 to if that fails, lo