Retail sector continues to rally as Nordstrom beats on earnings

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CHARLES: WHAT A REBOUND FOR THE MARKET. RATHER THAN FACTUAL DEVELOPMENTS LARRY KUDLOW POINTED OUT SOME OF THOSE TRENDS INCLUDING THE GDP. FIRST HALF OF THE YEAR, 3.1%. CURRENTLY THE ATLANTA FED SEES THE CURRENT SQUARE AT 4.3%. THERE IS WALMART. THEY POSTED THEIR EARNINGS. THE COMPANY EXHIBITED THAT NICE COMBINATION. PRICING POWER. THINK ABOUT IT. TRAFFIC TICKET INTERNET. REPORT. THE STOCK HAS BEEN UP 14% IN THE AFTERHOURS TRADING. IT’S ONE THAT SHOULD GET MORE INVESTORS TO INVEST HERE. WE SAW THE HUGE MOVE WITHOUT THE HIGH-FLYING TECH NAMES. CONSUMER SENTIMENT HAS SHIFTED. CAN THE DOW AND OTHER MAJOR HERE TO DISCUSS WHETHER THIS HAPPENS TONIGHT. I WANT TO BRING IN MY GOOD FRIEND, DAVID NELSON. BREAK OUT NEW HIGHS BEFORE LABOR CHARLES: WHAT WOULD IT TAKE?>>IF WE TAKE OUR EYE OFF THE GEOPOLITICAL, IT’S THE EARNINGS A COMPANY LIKE NORDSTROM. WE ARE RALLYING NOT WITH JUST THE BANG NAMES. RETAIL WHICH WAS IN SECULAR DECLINE. MANUFACTURING WHICH WAS IN SECULAR DECLINE AND THEY ARE DOING QUITE WELL. CHARLES: SNOARD NORDSTROM SAID THIS IS A PROFIT INFLECTION THEY ARE SAYING THIS IS NOW THE>>IF YOU LOOK AT THE RETAIL DATA OUT OF THE GOVERNMENT YOU ARE STARTING TO SEE THE DIFFERENCE AND THEY ARE COMING TOGETHER. THE DEPARTMENT STEALS ARE STARTING TO GET THE ONLINE RIGHT. WAGES ARE GOING UP. OUT. THE FCC IS PROBING TESLA. THEY MAKE IT A POINT OF SAYING THESE INVESTIGATIONS BEGAN BEFORE ELON MUSK PUT OUT THAT TWEET ABOUT GOING PUBLIC. NETFLIX HAS BEEN UNDER PRESSURE. FACEBOOK HAS BEEN UNDER PRESSURE. THOSE WERE THE STOCKS INVESTORS WERE BUYING BIG TIME. CAN THE MARKET HAVE A LONG-TERM SUSTAINED RALLY WITHOUT THOSE PARTICIPATING.>>HEALTHCARE, INDUSTRIALS HAD A GREAT QUARTER. AND SPEAKING OF TECH, IF YOU LOOK AT THE.>>I CALL WEIGHT TECH SECTOR, IT’S OUTPERFORMING THE MARKET CHARLES: THERE IS A CHINA PROXY. IF THEY CAN SAY BECAUSE THE STOCK HAS COME DOWN A LOT, WE BOEING GOT A HUGE UPGRADE. ALL-TIME HIGHS BEFORE LABOR DAY?

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