consumer and figure out the cadence to sell your product and you will win >> bath and body works, capri, tjxanet fitness, underarmor. >> the way i would say it, beca if i'm barbelling in this rec recessionary type of business, tjx wins i think bath and body works benefits from their replenishment. capri, they have been the vocal company and underarmor is just -- >> simeon siegel, thank you. >>> coming up, it's aussia's richest man. we'll dig into the short seller report threatening one of the we wealthiest men in the world. >> here is a look at the board while we go to break think he's posting about all that ancient roman coinage? no. he's making real-time money moves with merrill. so no matter what the market's doing, he's ready. and that's... how you collect coins. your money never stops working for you with merrill, a bank of america company. >>> welcome back to "the exchange." we're back to the january pattern. here the nasdaq is up 1% to pretty much lead the way the dow up 180 at the highs and just off those levels right now. let's check out mega cap tech where every name just about is

can get its act together i think it can be a big winner this year by the way, tjx is going to do wellsee these retailers dropping like flies. bottom line, in an index that's been folded, spindled and mutilated i am still feeling good about a few of these stocks, t-mobile, regeneron and dollar tree along with the least nasdaq of the nasdaq names here i'm talking about pepsico and american electric power. i want to take phone calls i want to go to kansas let's go to ken in kansas. ken. >> caller: hello, jim. i'm a very long-time listener. first time speaking with you >> okay. >> caller: i'm curious about coinbase global, c.o.i.n is now the time to buy >> all right jimmy chill is trying to be chill but i think coinbase is a stock you must stay away from. i just think this group is incredibly problematic a lot of people were giving gary gensler a hard time. he was stood against a lot of what these guys were doing you but he was acting pretty much alone, even on his own commission there were people saying basically crypto is the real deal this guy has stood his ground, and i say avoid coin

i like tjx more. but ross stores has been a winner too and this is all tradedown.e in kimberly. all the analysts are anticipating tradedown and recession. i will come back and say, other than apparel, where there is a tremendous glut, and they are frantically trying to get rid of everything, as is the case with target when i went to see one with brian cornell, there hasn't been much tradedown. maybe it will start happening, but there hasn't been. >> that's a good point kimberly gets cut at jeffries. they take sam to underperform. >> sam has been -- look, they were faddish, and i think that people have to recognize -- everyone's come into that market i got some topo chico azathat hs it it's late in that game i think sam is pretty much -- it's still not done going down, but i think it's a falling knife. i'll tell you what i think can stop oil. i had an excellent commodity analyst who, when oil was at $120 and a lot of big firms were going for $150, this is carla, she said, listen, you got to get out of oil it's the most crowded trade. now, at $70, they're all short o

tjx progressive, and cerllatpiar with the dow down 240.y with us so cdw helped us deploy mac, supercharged by apple silicon. ♪♪ built-in security protects me from malware and forgotten passwords. i've got enough battery life to get me halfway around the globe. and lower overall costs leave more money in our budget. for more practical furniture? this was supposed to be hip. no. can you help me up? with mac, configured by cdw, a solution that works for everyone isn't just possible, it's powerful. when you stay at a vrbo you always get the whole home not part of it but the whole upstairs the whole downstairs the whole fridge and the whole secret nap room because is it really a vacation home if you have to share a house with a host? ♪ only with vrbo >>> vince mcmahon back at wwe and exploring a sale julia boorstin is with us with a look at potential buyers. >> after retiring last year amid sexual misconduct allegations, vince mcmahon, who is the majority owner is returning to figure out a sale of the company. saying this is the only way for ww

they seem to be in bull mode deep discounters like dollar tree or five below or tjx? i'm shocked in the strength. yesterday verizon reported very, very weak quarter and barely any downside follow through and we got a true upside surprise from none other than att. we'll get great numbers from t-mobile when it reports next week i know it's too early to flag pharma but j&j reported a strong quarter ahead of the breakup just the other day, it wasn't heralded at all. it should have been. there is a prostate cancer test. regular viewers know eli lilly could report a good quarter with strong guidance. don't forget, they're really expanding their manufacturing in north carolina i think it's because of their diabetes drug and i like the oil service stocks but seem to be alone in feeling that way. halliburton delivered numbers with positive commentary so let's consider an icing on the cake bull market that might fall we saw a fantastic, fantastic, fantastic chevron buy back announced this very night. oh, how about the entertainment stocks, disney, warner brothers, smoking. what

retailers generally not doing that well, the classic discounter, tjx and ross stores hitting 52-week highs. we're up 0.6% this week. pretty good considering how choppy and difficult it's been so we're breaking out of this range we've been in the last three weeks or so, 3800 to -- 3860, excuse me. right at the highs for the day not a bad start to the year considering how choppy and difficult it was earlier in the week. >> thank you what's lurking around the corner for clues about that let's go to the bond market. rick santelli. >> yes, historic day in the treasury complex look at this chart three-month versus ten-year spread it closed the end of the year at minus 37 it came in on tuesday with a high of minus 46 and it's now trading at minus 105 minus 105! now in cnbc, we go back to 1989 on this spread and you can see there is nothing in the neighborhood of minus 105. a little history lesson here, the 26-month bill changed in how they auctioned it in 1982. it went from price to yield. so i was able to go back from the difference between 89 and 82 i don't see any yields or any inversion

and as cramer said this morning, share donation continues for firms like for example a target or a tjx >> and also a check on salesforce the stock is up by 0.6%. maybe flat we'll call it the company confirming plans to shake up its board of directors adding three new members as it gears up with a proxy fight with elliott management new members include arnold donald, sachin mehra and mason morfit and the company is being targeted by a few activist investors. and marc benioff has reason to be optimistic perhaps. the stock has soared as a result of investor interest up 25%. rebounding from a rough 2022 when it fell more than 40% sure, maybe the market is optimistic that maybe it can change, but how much are they optimistic that it is elliott and the activist investors that will push of course the board members nominated are. >> yeah, what catches my eye is value act on the board they got into microsoft and adobe a little more than a decade ago kind of before their big cloud transitions. those two stocks have been doing well is this kind of like david fightinghe philly steens >> certainly

one of the reasons we bought a lot of tjx for the travel trust. i would say you have a leg down. and then you have to look at it. because once you have this clearing event, i don't think that target is doing nearly as bad as the analysts because they're not projecting any problems with bed, bath, and those problems are going to play right into the hands of this company. >> interesting whether or not we see multiple share donors in retail as we make our way through the year, right? >> people want dollar tree and dollar general you go to dollar general, they don't have a lot of power. the ones that they -- i have to tell you dollar tree when they bought family dollar, they had a lot of apparel you go to dollar general, there's not much for a dollar. dollar general is not a dollar store. and but it is a trade down store. anything trade down is going to work, and that's why the fed is so puzzled about food. why are people still paying up for food why aren't they going to costco, why are the conagra brands which are good brands, able to maintain and then increase prices despite volume

lot of uggs, and they make uggs everything you're probably going to end up seeing those at ollie's or tjx trust owns and i really like here the meme people continue to think that bed bath is a stock >> yep there's the opening bell, by the way. the cnbc realtime exchange, and the big board is txo energy partners, formerly known as morning star partners, celebrating their listing at the nasdaq, a chinese online learning service provider, recently went public on the exchange you mentioned bed bath and the default notice silvergate today suspending a series of preferred dividend the buzzfeed, mini-meme action on their opening news. >> and the anniversary of the craziness a couple years ago silver gate's got a loan from federal agency i don't know how much trouble silvergate's really in, but i don't want to be in it, obviously. the crypto world, i think crypto's being manipulated higher i've been saying that. i have no problem saying it. >> four weeks of gains for bitcoin. best month in a year and a half. >> we know that sam bankman-fried was able to manipulate he just moved it up, and it's a

some of the retailer, oddly tjx and ross stores. some are having a terrible time.t in the retail space but the discounters, new highs where are we we're up about .5% this week for the s&p 500. so not a bad start tech, not great. health care, consumer discretionary, they're both down consumer discretionary really dragged on, of course, by tesla. in this range, 3800 to 3860 or so we'll see if we can break out of that range we have been there about three weeks. remember, guys, we were below the october low, the close was 3577 so we're reliably bchbabove that right now. >> in fact, goes back almost four weeks right in this range we last traded above 3900 december 15th. that's going to do it for "squawk on the street. "tech check" starts right now. >>> good friday morning. welcome to "tech check." i'm deirdre bosa with carl quintanilla and jon fortt. too early to rush back into tech the sector's severe downturn still has legs and we'll ask the ceo of the nasdaq about that, along with the trade desk ceo and amazon's head of devices later, call it a tech tug of war on cha

they have little or no debt on their books, and they tend to have less volatility so, tjx companies isteria too as being underpriced. that's a stock we like a lot they own the t.j. maxx, marshals, and home goods stores throughout the united states, canada, europe, and australia, and in times when it does look like the country is facing recession, their brands of more affordable-priced goods and apparel are definitely in more demand >> so, what have you been selling the last week or two >> we've been selling some of the growth stocks in the portfolio that have been falling off, and again, stocks generally with the tilt toward value and quality. those stocks have done really well in the last three months, so we've been probably selling those off. >> like what kind of names >> microsoft, apple. >> you sold microsoft before the earnings >> in some of our portfolios, we did. and in other portfolios, becky, we have been actually shaving off some of the equity allocations and moving into bonds as a more permanent proposition because bonds are starting to retain their more normal role in the p