it is tjx and ross that are benefiting from some of that bloated inventory. i would be careful on burlington. it's had a very aggressive price move, not so much necessarily you seeing a little bit of improvement in the fundamental conditions for the company. >> so here's where i am on this. this nike report tells me, at least, the handoff back from services to goods in terms of consumption is still in its infancy. we're not there yet. you can look at tsa travel accounts, you can look at airline demand, las vegas demand, and see consumers still want experiences over goods. at some point that will change. right now i am very selective in where i'm invested in consumers buying things. i suspect i probably will get more enthusiastic about the stocks you are talking about, but for now i would rather be in those experiences. it's very specific things where i have a thesis whether everybody believes in it or not like, hey, we need new cars so i'm in gm, that sort of thing. i think the upshot of what i'm saying is we have to pick stocks right now. it's not across the

it is where the value is and where the traffic is at tjx. positive traffic here.ins target is struggling on the traffic front. more positive on tjx than target if you think about a company like walmart which has been benefitting from inflation over the past several years and now that's behind us it is tougher to comp when inflation is not growing at the clip it has been >> stacey widlitz with state of the u.s. consumer. thank you. >>> turning to d.c it has been 16 months since president biden signed the chips act into law, yet few funds have been doled out to companies to seek out the sector. cnbc's kristina partsinevelos has a look at the key factors moving for the companies >> reporter: it turns out it is not easy to disburse $53 billion of taxpayer dollars. i have come to the commerce department to see why. >> i don't think there is a delay. >> reporter: that is kkr veteran todd fisher charged with determining which companies get the funds. >> we had to build everything from scratch and put out the rules of the road at the end of february >> reporter: since the

when it comes to where to find growth this holiday season, look to value names like tjx and macy's asneficiaries from best in class brands like nike and birkenstock. the number one ranked analyst who was recently inducted into the all-america research hall of fame, jpmorgan's matt boss. how do you go from number one analyst to hall of famer, i think is the question people want to know? >> thanks for having me on, sara. >> it just means you win a lot, right? >> you could say that, es. >> it's good you didn't have to be retired for five years before you got in. >> so, let's talk about winning picks this holiday season. so far it seems okay, the overall spending data, right? how do you pick winners? >> i think the holiday season is off to a very strong start. i think you are seeing a return to some of the pre-pandemic behaviors and demand. so, we think apparel and footwear is up at least low single digits right now. that's the same as the five years prepandemic. i think you're seeing the same return to e-commerce, but stores are holding. as you said, you're seeing a gifting focus. at the

ross and tjx also at new all-time highs, up a little less than 20% fun fact, this will be tjx's 15th it's up more than 1700% since january of 2009. extremely impressive >>> coming up, it's an annual tradition on the floor of the new york stock exchange. bob is there with the traders, warming up their voices. bob? >> kelly, they are warming up their pipes right now. they have come from as far away as florida current and retired members of the new york stock exchangeare going to continue a tradition down here, and it's been going on for 160 years when we come back, the man will be leading the floor in the song don't go away. together, we built something truly beautiful. it takes years of dedication to get to this milestone. the new york stock exchange is a symbol of what america is all about the potential of an american dream. it is day one. a lot of work has happened to lead to this historic moment. the only way you can move a society forward is a true expression of freedom. ♪♪ >>> welcome back to "the exchange." it's time for a new york stock exchange tradition, dating back to the ea

i have a question about tjx versus costco. >> sure. >> is it just simply valuations? is it timing?nings? market size? evaluation at that time? how would you -- if you would, say, invest $1,000 into the two retailers, because i'm looking for retailers right now, which one would you put it 50/50, or stronger than one side? >> well, bill, i've gotta tell you, at 2:50 50. costco is really a club membership story, ntj acts as an all price. they've got quality stuff, a check in all the time, but costco -- split him in half. thank you for the kind comments, for understanding what investing club really does, which is teach. it's the only club in the world about stocks, and it teaches. that's what i'm proud of. thank you. jim in florida, jim. >> jim, long time listener, first-time caller. >> okay, let's go to work, jim. >> all over the place with news. what's your take on mickey, and why is it being beamed a defensive pick? >> -- it's what i know about making. two things, one, it's a great american company, second, i just listened up foot locker, which had an unexpected quarter. nike sales

>> some of the retailers have done very, very well recently costco, lulu lemon, and tjx, which has been-term performer. phenomenal stock. has lagged because they love to bring down expectations into earnings in the stock. t i think that presents an opportunity, because historically they do like to temper guidance and that, again, offers an opportunity in a big long-term winner. >> all right. thank you. >> thank you. >>> coming up, lily and novo on monster runs as weight loss drugs take off, but they're not the only diabetes names seeing big games. that is still ahead when "the chgererns. (clock ringing) go. and go and go and go. (tense music) but what if you. (tense music) stop! you work hard. it's time for a bank that'll work hard for you. everbank performance savings is built to put your money to work with some of the highest rates in the country. going, that's what got you where you want to be. we're the partners for your next move. everbank. advantage, you. (sfx: stone wheel crafting) ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the w

costco should do well, tjx has been hitting home runs, doing great as well. category, cosmetics has been doing very well. so even cosmetics as a category. why? first of all, it's a long macro trend. but also, you know, during the holidays cosmetics is a nice gift to get someone without spending a lot of money. maria: yeah. they call it the lipstick coordinator, right, cheryl? [laughter] >> rhyme glad you're mentioning the -- i'm glad you mentioning the discount names, but i'm curious what this means for your macy's and nordstroms and saks fifth avenue. based on your commentary, i want to get your take -- we're a minute off from the report -- one of the reasons that these estimates are for a negative read on retail sales is because of the fall in gas prices. so i know that you saying strip that out, but that's why the data's going to show us one story. maybe you're telling me look for another story. >> look, saks is private, the luxury's been tough. nordstrom the's was down last quarter with 7%, macy 's down 7%. kohl's down 5.5%. in the october numbers, depart

you can always go to tjx if you want apparel. >> shelter was not cooperative this time. up .4. although first uptick in used cars since may. i mean, you actually think that's a sustained trend? >> how can used cars be up 50%. i happen to be someone in this three-day period who was in the business of financing cars. and they said that the lower prices are for cars with 100,000 miles or more. and people are borrowing a lot of money for 100,000 mile cars. that's an unholy situation. so again, i come back to what are the big things that people buy. and then what are the sustained things people buy. food and then housing, auto. and they're all not good enough yet. but going in the right direction. >> you're not looking for a retracement to 2019 prices? >> that's not going to happen. they're too far away. but i do think that the sustained notion you can raise prices no matter what, after so many double digit increases, if you go back, i mean, let's forget 2019 for a second. let's go back to 2003. let's do a 20-year view. we have never had a sustained period of inflation like this. as

tjx is interesting.n this year. it would have better to be in ever capri and nvidia. that's crazy to me. there are companies out there that really did the work this year. in the bond universe we are looking at a 10 year basically unchanged, though not unchanged throughout the year. a round trip about five come all the way down to 38791. a two year yield started to get higher, 20 basis points higher than where we are ending at 2499 with the bond market closed still for the long weekend. crude oil off by about $.31, 7146. no problems for the federal reserve there. golda seems to be chilling at $2000, 6550 an that the settlement off a record. a nice little goose to gold this year. sonali: chill sounds good at the end of the year. it's funny. just like an individual investor does not want to sell stocks into the end of the year do know who else does not? ceo's. we talk about how the rally in stocks has made a comeback this year for the world's wealthiest. the combined net worth of the 500 richest people surg