bodies or there's a reason why tide outsells acme it's because they say it's because procter and gamble spends thirty billion dollars year in advertising you advertise enough you can sell something but or or are going to get something hard to build spends more money on advertising in a single year we spend more money advertising potato chips and they spend three in a single year than we spend on presidential election yeah i saw you grow i can tell you i had to know between then join one ascends when an ad agency american express used to grow our clients they spent more money advertising the fact that they gave money back on their traveler's checks and then the money that they get back on their travel and it's really amazing stuff this is but you know it was a very profitable business for them there's a lot of breakage in traveller's checks are still with us i just don't think the voters are that naive i think that informed voters who are going to the polling booth have the ability to evaluate messages in new speaking and there is a grand tradition there's a great tradition if that was s

coming up, it is the battle between procter & gamble and store brands.the latest developments. we have a behind the scenes look america's next base kraft. -- spacecraft. > ♪ >> p&g is waging a new war in the --. olivia sterns is back with more the story. they have a history of fighting to uphold patents. what is the big deal about this crest white strips? they hurt my teeth. better than going to the distant -- tenants -- de ntist? such a big deal because it is such an enormous success for procter & gamble. it was the largest product launch ever. inventor of it compares it to the ipod and both crest white strips and the apple ipad made talk toing agents product of the decades. --y are a huge sales for sales driver for procter & gamble. been slumping. there is nothing that procter & gamble can do about that. -- suing asuming company called cleo. they make generic teeth whitening strips that are sold under the store name brand. it is a very attractive competitive product. cleo is being sued. target pulled them from the shelves. this is despite the fact that

diapers: kimberly-clark and procter and gamble i'm looking for a move in price procter and gamble 20% angie: topic no. 3: right bread. the new york times reports flowers foods the maker of wonder bread and tasty cakes donated 99% of its contributions to republicans. what's your political party play? scott: i'm upset that it wasn't a hundred percent to tell you the truth. i think i'm angry that they let one percent out of the bullpen. i think i'm going to stick with general mills in an uptrend, i'm a commodities guy-- its 53 and a half-ish today and if it breaks 53 watch out for the down side but we're still in an uptrend. stay long on general mills. alan: of the major contributors that had donated 90% of their contributions to the gop, a majority more energy. i'm a big fan of the energy sector obviously this trend. the p/e ratio is very low so look at x l e as an investment. energy companies donated to the gop, but they have their own interest and their interest is making money. alan: which is a shame isn't it? it should just be given away no earning anything anymore. angie: and the b

now, in walmart and procter and gamble, too many traded as put options., nearly four calls were traded for every single put. now, the volume wasn't necessarily huge but we're seeing a bullish expectation. this is a sector that is up 4% on the year, far outpacing the broader market overall. so, again, some of these big names, again, especially consumer staples showing nice "options action"s. back over to you. >> the question is are those bullish traders right? got go to the chart master. carter worth. what do you see? >> this is a fear based approach to markets. people who don't like what they see but have to be long. big pension plans and so forth and so they buy defensively, but usually it comes to an end. let's take a look. here is just to set this up going back to the early 1980s the sector, one of the parts comprising the whole. staples versus s&p. and, of course, we can see this is just an epic period of performance over this time frame. so by that score alone, you have to wonder what's really left in the trade. but more immediately, the strength of

> > another name would be procter & gamble. the stock has come down as well here. it certainly makes a multitude of household names everyone's familiar with, again combines some pretty steady growth here which i think will probably be rewarded over the next year or so along with the solid dividend yield. so i kind of like that sector of the market that has that 2 1/2 to 3% yield, along with solid if not spectacular growth and a way to kinda hunker down here in america. > > would you buy u.s. auto makers? > > well gm is one that eventually will probably be one to pick up, but certainly with the trials and tribulations, no pun intended on the trial part that they're experiencing there, i would probably stay away from the auto sector. ford as well you do have some pretty onerous debt there so i like the autos at lower levels, certainly not at these levels here. > > it's been a big week for retail earnings. are any on your buy list? > > yeah i think over all, i would look at stocks like home depot that came out and upped their guidance that certainly with this summer c

. >> procter & gamble shares down, it was crazy. >> listen tonight. thanks for watching. >> thanks to me as well. i'm tyler mathson. have a great evening, everybody. see you back here tomorrow night.

. >> procter & gamble shares down, it was crazy. >> listen tonight. thanks for watching. >> thanks to me as well. i'm tyler mathson. have a great evening, everybody. see you back here tomorrow night. >>> tonight on "revolutionaries." >> very often, technologists who are enamored with the positive aspects of what they have developed or are developing, overlook the limitations. ♪ >>> dr. john holdren is the president's chief science adviser. it's a big job. it covers everything from guarding against nuclear attacks to high-tech brain research. tonight, dr. holdren talks about his wide ranging portfolio with john markoff of "the new york times." major funding for "revolutionaries" is provided by the intel corporat >>> do you think of yourself as a californian? >> originally, certainly, i'm pretty much bicoastal now, but

procter & gamble just opened its second plant in the country.ll of them want to take advantage of nigeria's expanding consumer market. and that's the country that the president wants the world to see this week. world leaders and corporate executives meeting for the world economic forum on africa. attendees see big money to be made there, marketing to the growing middle class. nigeria's government says 60% of the population lives below the poverty line living off of $2 a day or less. poverty and corruption is rampant in nigeria. and as patricia sabga's reports, the government's challenges are a mixed bag at best. >> reporter: nigeria exported an estimated $95 billion worth of oil last year, making it africa's largest producer. but oil theft is pushing the country into a oil crisis. the locals call it bunkering, and it's big business. exact numbers are tough to nail down, but one london think tank estimates at least 100,000 barrels are stolen aday. that's roughly 5% of the country's total output. the estimated yearly value of stolen oil is 3 to $8

procter & gamble and apple. you get the good yield. they do a lot of good things. another one because i kept facebook but apple is selling at 13 times earnings. nobody got hurt with 13 times earnings with a great balance sheet and good dividend. and that is the conclusion of am i diversified? we're moving our company to new york state. the numbers are impressive. over 400,000 new private sector jobs... making new york state number two in the nation in new private sector job creation... with 10 regional development strategies to fit your business needs. and now it's even better because they've introduced startup new york... with the state creating dozens of tax-free zones where businesses pay no taxes for ten years. become the next business to discover the new new york. [ male announcer ] see if your business qualifies. wbecame your business. passion... become the next business to discover the new new york. at&t can help simplify how you manage it. so you can focus on what you love most. when everyone and everything works together, business just sings. that's keepin

guys remember when we took the heat map yesterday there were only two names that were in the green, procternd home depot and today only two names in the red, walmart and at&t. everyone else moving higher to read now stands at 16527 to read we are up 152 points , s&p up 14 nietzsche points. first quarter retail earnings have hardly been a home run or a blowout for the sector. it's been you could say an incredibly mixed season even with results within company results. they are not painting a clear picture, not the worst picture, but it's very opec. results. they are not painting a clear picture, not the worst picture, but it's very opec. stores from target to walmart to urban outfitters, macy's, they can't seem to be or miss consistently on the top and bottom lines. everyone has blamed winter weather blues for lackluster sales, but there are other issues that are also getting the finger pointed, so our retailers in the clear now that the snow has melted or will plaguing problems like target data breach or urban outfitters fashion choice mrs. continue to club is a relic? our panel of experts y

those are home depot and procter & gamble. sue, decidedly down day so far.k over to you. >> absolutely. dom, thank you. six states are holding primaries today. it's super tuesday, with control of the senate on the line. so what are the key issues and how are democrats and republicans using them to motivate their base to vote this year? cnbc's washington correspond john harwood breaks it all down for us. hi, john. >> hi, sue. in the fall of election years, congress has a tradition of running down the capitol steps, leaving want and hitting the campaign trail. this year they don't need to do that, because this year washington is the campaign trail. republicans agree on this much -- there's little chance of new laws on any of the big issues they're talking about. they're talking about driving -- so for democrats, president obama calls for raising the minimum wage. >> a wage you can live on implts he does it because nine and ten democrats are in favor. senator chuck schumer hammers republicans on immigration -- >> the house has failed to do anything -- >> report

trying to become a mini procter & gamble. they're owner of edge and skintimate and their hands are in the feminine hygiene business and diaper geenie. but even though energizer has been through aggressive restructuring and made smart acquisitions, it's still a company that don't really belong under the same roof. wall street likes companies that are easy to understand. when you have a hodgepodge of companies too complicated like a hybrid maker both batteries and tampons the market isn't going to give it back what it deserves. energizer has a fast growing business but it still trades like a stand alone battery company. that's why it was so huge last week when on april 30th energizer announced it would split off it's personal care and household products business like a separate entity. it caused the stock to jump to $111 for a 15% gain in one session. this is the example of the break up we adore here on mad money. they're splitting them into two separate companies and bingo the battery company can become a cash cow. this market

start with procter & gamble so you'll end up paying well above the plummeting price.e a look. >> let's take a look at p&g. all right. this is going to say everything. p&g is now down 25%. >> well, that's true. if that stock is there, go and buy it. take me there. that's not a real place. >> that stock was down -- >> all right. this is an -- >> just go buy proctor & gamble. >> 49.25 for proctor -- i mean this -- >> that's -- that name -- >> when i walked out it was at 61. when i walked out it was at 61. it's at 47, well, that's different security entirely. what you have to do though, you have to use limit orders because it jumped seven points. i liked it at 49. >> look at it. >> it's a fast market. >> market was down 900 points. now down 688. >> i know flip it at 59. i just pay 500 gs. >> hey, many viewers thanked me for snaring some proctor & gamble. that actually happened. ever since though, many people have asked me how did i know that stocks weren't done for a real reason? there were greek rye rots that day and they thought those riots could spread and the market w

procter gamble traded down big, but not here.s one of the reasons they implemented the systemwide circuit breakers. that was the big effect, and it's proven to be working pretty well. they refined them, had the limit up/limit down rules. it's a little complicated, but by and large it's worked well. we still need to do better. the still still has a lot of flaws. it's creaky. there's too many points of failure. i like what they have been doing so far. >> and talking of needing to do more, one of the aftereffects of all of this, thanks in part to michael lewis is the fact that the discussion about what contributed to the big move, that's being moved to the front burner as well. >> i think that it's definitely evidence that they were a factor in it, not only the only -- they provide bids and offers, and when things go south you're a fool if you don't think that was at least a factor. with all that said, i'm not expecting the s.e.c. to make very broad reforms because of the michael lewis book. here's why. i think they're not that unha

more evidence of an unhealthy consumer environment can be found in procter & gamble's reports., from beauty products to health care. each of these companies obviously faces its own problems in getting the businesses to fire on all cylinders, but this is a common sluggish theme. the question is what is behind the overall weakness? first the softs in in the u.s. market. we've seen stagnant wage growth, a rockie economic recoveries, and all hitting domestic consumers. second, international impacts, currency fluctuations, geopolitical situations creating a tough market and lower profits, so investors should really be looking out for certain buzz words that you already are hearing about how they are addressing the weak environments. words like expanding stores. innovating with new products, and price cuts, another biggie, cost cuts. all of these factors could help get these consumer names back on track, or at least do enough to satisfy investors that are worried about this weak sluggish consumer environment when the consumers aren't spending on the basics. sue? >> sarah, thank you v

home depot, procter and 2k3w578 able, and pfizer are being weighed down by caterpillar. >>> happen super, folks. six states are kicking off the election season with primary votes today. the big prize this year, control of the senate. our chief washington correspondent john harwood is here, hey, john. >> hey, mandy. for republicans the last two senate elections have been a story of blown opportunities. the same tea party centering that fueled republican battles with president obama also pushed forward some candidates who for mainstream voters just went too far. >> i'm not a witch. i'm nothing you've heard. >> remember this ad from a candidate in 2010? but the tea party is still out there challenging the republican establishment. >> good afternoon, rchz. >> reporter: in fact this year it's taking on the most powerful senate republican of all. >> i voted for mitch mcconnell for years. over time he's changed. >> reporter: what's different this year is that republican leaders are hitting back, hard. mcconnell allies have used their huge financial advantage to pound his opponent in advantage o

liz: only two names in the green in the dow, procter & gamble and home depot. thank you very much. the closing bell ringing in 50 minutes, microsoft says its newest tablet product takes away the conflict that you have between should i own a laptop or a tablet. we'll look at what the new surface pro 3 brings to the table and whether it can challenge samsung's galaxy tablet or the apple ipad. microsoft product guru yousef meldty, he's going to make his pitch to you. >>> and 50 years in business is an admirable milestone for anybody, but imagine your clients are some of the smartest, most affluent and demanding customers on the planet. net jets, the world's largest owner of private aircrafts, has charmed the highest of fliers for five decades. the chairman and ceo on the next five decades, what'll that look like? ♪ ♪ can you start tomorrow? yes sir. alright. let's share the news tomorrow. today we failrly busy. tomorrow we're booked solid. we close on the house tomorrow. i want one of these opened up. because tomorow we go live... it's a day full of promise. and o

these yield seekers would prefer to oent lievgz procter & gamble, kellogg, general mills. doesn't matter if they're doing well or not. they've got genuine safety yields lovee blankets. they also know they can get lucky with a break jum. look the one in mondolese. sold it. caused the stock to soar 8.2%. or merck. the consumer product division. the rumors. they like the reits. their yields beat the heck out of treasuries, especially after taxes. you put it all together, you've got the pain in the internet but the belief in american industrial and oil and gas ascend arngs the desire to put safety first because of the shocking decline in interest rates and you can see the results in today's prices. let me give you the bottom line. get used to this kind of action today as the first damp the highly once momentum stock cohort is still seen as having little or no value even after the avalanche of selling. the second group as being value morphing to growth. and finally last offers a vacation from worry since as they say all the hazardous job sites i visited, safety never takes a va

what i hate, and warren buffett would hate me, but i hate stocks like coca-cola and procter & gamble.e high multiples. their price to sales -- i'd like to pay less than one time sales. these stocks are, you know, at two, three, four and even higher in some cases. they're stocks that, you know, people consider to be safety stocks. well, if this market really does roll over, you watch. the generals like those will follow the troops right down the hole. there's no safety in safety stock. i'd be sellers of all that group. liz: hey, chris, thank you. on this friday i'm kind of -- >> thank you. great to be here. liz: i worry people just aren't drinking soda, and they're too exposed to that at the moment, but a great stock that's made people a lot of money. chris, thank you. >> thank you. liz: chris bertelsen is -- hold on one second -- chief investment global financial private capital. thank you so much for joining us. closing bell ringing in four minutes. looking for a new or used car and want to get the best deal without leaving your home? true car just ipo'd today. true car's see you wil

disney, apple, procter & gamble, they all used it to create virtual storefronts.about getting the word out to businesses in the u.s. about the power of what alibaba can be. , withn, thank you so much that info on the ambitions of alibaba in the u.s.. still ahead, new york is attempting to protect banks from the risks of growing cyberattacks. that is next. ♪ >> time now for our global outlook. the financial resistant -- financial system relies on safe banking. andrew cuomo is stepping up his game, making sure that he secures himself against cyberattacks. their systems are strong enough, they are tasked with getting this done and they join us now. they say they are prepared? looks like a cyberattacks our ever-increasing. we need to vote as regulators and in industry. looked at 100 54 banks? >> the survey lasted for about a year. the largerpared than ones? >> 80 of them in upstate new york. that they are not trying hard, but they cannot spend the hundreds of millions of dollars that we are seeing spent. we have to do more work in ensuring that the smaller banks are a

they put smart building management technology to work for the consumer goods giant procter & gamble. according to dier, p&g earned back its investment in the technology in three months. and saw average energy cost savings of 10% annually. the program which is being expanded also improved building systems reliability, supported the company's broader sustainability programs and actually increased employee productivity. end quote. smart executives also understand how much their commerce care about this -- customers care about this. rob olson, the chief financial officer of ikea said this -- from talking to our commerce -- customers, we know americans are increasingly concerned about climate change as they experience events like hurricane sandy and the drought in california. they want to reduce the amount of energy they use in their home and they care about reducing waste and using less water. this is not a new message from america's corporate sector. last year the bicameral task force wrote to over 300 businesses and organizations about carbon pollution and climate change. the response

is bigger.ence 90% of the consumption growth for big companies like pepsico, coca-cola, procter & gamblel come from the multicultural audience in the u.s. kids, puerto rican parents, a whole range of different people and the american world. i think that you have to recognize that by telling the story. we have people who look like everybody else. really believe in that and am passionate about that. latina after the script came in. has the talk about who power in terms of platform. it is still the networks in terms of the biggest distribution or are producers more excited to work with amazon or netflix? >> i think it is all horses for courses, meaning we left the good horse race and can see the kind of decision-making storytellers, producers, actors and directors in various agents and managers which involve questions for wear with this live most effectively? if you want multicultural comedy, that does not work as well on the digital platform. this works for a show that has an audience connected to it. when you are on your couch watching 9:00 because that is when the show is being put out t

is, this is not gillette and procter & gamble getting together.ssets whose human capital goes up and down the elevator. nobody has ever proven that these big, big megamergers have ever created value for the talent or for clients. >> you're being very positive and supportive. let's be honest. sing these companies go through this, are completing -- competing at agencies going to try to strike while the iron is hot and make the argument these guys are hot mess? >> there's no question that has been going on. the uncertainty is bad in all industries. it is exceedingly bad in human capital management systems -- situations. both have been under pressure from an exodus of talent and client over the past 12 months. off the merger, calls into question, what do they do next? they put a toe in the water and finally drew themselves over the line and said, we believe this scale will drive the ultimate solution for our shareholders. no one is ever talked about why it was going to be good for clients. idea talkings, the about competing against big data, that is a

audience is absolutely bigger. 90% of consumption growth for big companies like pepsico, coca-cola, and procterble will come from a multicultural audience in the u.s. it will come from mexican kids, puerto rican parents. it will come from a range of different people in the american world. i think you have got to recognize that as you tell stories. you need to be in a one world mindset. you need to have people that look like everybody else and look like the america you are telling the story to. i believe in that and a passionate about it. i had to fight to have the "ugly betty" main character be latina after the script came in with the network at that time. they backed and believed in me. >> let's talk about who has the power in terms of platforms. is it still the networks that give the biggest distribution? are they more excited to work with amazon or netflix where they may get a bigger payout and more creative control? like a good horse race, you are going to see that kind of decision making process around show lenders, storytellers, producers, actors, directors, and agents and managers which

dolce and obama gabbana, what they do with fragrance and cosmetics, they license it out to l'oreal or procterristopher bailey wants to bring it in-house. not just on amazon. you were speaking about alibaba, they are selling in china. that is going to expand their reach. -- if theyere a risk are selling to the masses then they dilute the exclusivity of the banbrand? anthey think they can create aspirational product? >> that is the balance burberry has to work to strike. we spoke to one analyst who said typically the conventional wisdom about people selling $40 lipgloss is when they make for trenchcoats, one day upwardly mobile people will aspire to buy the full priced item. she said it is actually about pushing product because margins are better on fragrance and skincare. it to sorn is you get many people and it becomes a monetized and perhaps you get the wrong fan base. ge problemad an ima that angela ahrendts worked to clean up. vy following a chav as we say in britain. it is like the cast of jersey shore showed up wearing your luxury item. >> i love that you brought the sun to london. we mi

almost as big as procter and gamble. selling their ragout -- ragu france. tracy byrnes is here.e against ragu? tracy: these are all basic rules that all i tell you and no. this is like entry-level i tell you. $1.99 for a jar at the store. it is the best-selling sauce in america. stuart: if i say it is ethnic food, you approach other ethnicities by making it attractive taste wise for a very broad audience. >> it means meat sauce. ragu means meat sauce. it is a condiment. let's sell it like it is. it is a condiment. stuart: espresso after dinner, it will keep you up all night. you have a long way to go. [laughter] new at noon. let's get out of this. did brother alive and well. a fresh report on what facebook knows about you and how they find it out. the billionaire climate crusader who is arming the democrats with tons of money in november. a fresh power of barley and company. we will be back in two minutes with that. ♪ really... so our business can be on at&t's network for $175 dollars a month? yup. all five of you for $175. our clients need a lot of attention. there's unlimited

a lot of people are speculating he could move to a big important company like microsoft or ge or procterman or as someone on the board. and i will ask them and to live -- interview him at 11:15 a.m. eastern standard time. i'm sure he's not going to tell me today. but rest assured, he will not spend his silver days playing golf here >> how much of a surprise that this new cea -- ceo of taco bell is stepping up? hereere is a long rant --rap here. novak has been head of the company since 1999. he has overseen a lot of expansion. not as though there is some kind of big break. smoothpt for the transition. i want to go back to jon erlichman, senior west coast correspondent and joining him on the phone is motorola solutions chairman and ceo, greg brown. >> thanks, olivia, and our thanks to greg brown for joining us by phone. we were just talking about the fact that you guys try to simplify the business. the obvious example being multibillion-dollar sale of a business that has tracking devices. how would you describe motorola solutions is right now? >> it will be part of the enterprise transacti

just as if i went to walmart and looking for a procter & gamble product i might see it at eye level becausee shelf space. is it different from that? >> it's a little different. it's recovered. if you look at other providers, cox, cable vision, they've been great consistently. google fiber. comcast fell off the truck and service got bad for those subscribers and then it's recovered back to the level of the other guys. >> are your price increases a direct result of those tolls that you're now paying? >> no. our biggest costs are content. we're excited about the new content like "orange is the new black" and "house of cards." bo jack horseman like nothing you've seen before coming out later this summer. >> the last time you did a price increase doubling prices when you split up the streaming and dvd business it upset consumers. it was a debacle for netflix stock. how is this price increase different or is it? how is it going so far. >> only a $1 price increase and it's after three years and a great increase in our content. i think it's really quite different. we'll give a full update, only two

hundred percent, and if you take a look at what do they have, they have stocks like -- if you looked at procter & gamble, they have tide, church and dwight owns ultra so they get a huge profit margin. so i feel more comfortable owning a church and dwight versus some of the other stocks in there. >> same question for you, matt, back to your point there. would you recommend the same names. do you think they could do well with the bigger cap names even if we don't have volatility this summer. >> shower. >> i like church and dwight. i like proctor. mcdonald's has run their dividend for four decades in a row. where i would be a little risk averse. the ratio up 11% year to date. it's a little bit stretched. when you look at the area shane and i agree on. grow your income during volatile times and technology is real where i'm pounding the table on. it has a strong recash flow. apple, qualcomm, these are names that i think are very exciting with the payout ratio that can double in my opinion, and i think people will really seek out dividends, when it's 2008, 2011, this year when volatility picks up peo

. >> it's procter & gamble in the hayday.ead and shoulders, it's -- it's crest, it's every conceivable brand. >> "captain america" $680 million. >> who even knew. "aveng "avengers" was great. the guardians of the galaxy characters are coming out. i'm quitting and working for disney. that's it. i'm done. i'm going to leave -- i'm going to go work for disney. do you mind? >> espn. lord knows you spend during espn. go during the weekend and you'll find cramer somewhere. >> look, i work for nbc but i'm saying i'm jealous. >> and you're proud of it. >> abc was not that strong. still profitable. and i can tell you something, i do play for nbc and as far as i'm concerned, bob i love you. >> take that. >> when we come back, jim's interview with whole foods walter robb. a rough morning as its results and outlook take a toll on the stock. one more look at futures this morning, whole foods premarket, down 17%. >> that's not that good there. >> more "squawk on the street" live from post nine in a moment. (man speaking jananese) >>> share

indirectly virtually every consumer product you buy kraft coca-cola pepsi competitor code next nestle procter and gamble general mills kellogg's mars unilever and johnson and johnson together have a stranglehold on the american consumer. meanwhile over the retail industry wal-mart and target along with big box stores like home depot and best buy control of huge portions of the american retail industry you can basically pick any industry in america and see the monopolistic characteristics and that's why we should pass a law a new version of the sherman act that says explicitly that whenever a company reaches a point where they have more than a certain percentage of the marketplace say ten or fifteen percent and they can't grow any larger in that domain they have to leave room for startups for innovators most importantly for competitors there was a time in america when nearly every business and every main street or strip mall was locally own buy locally by local families they paid well they took care of their employees their great customer service the anti-trust laws kept the big boys at bay fo

operators regulators and academia attendees from hundreds of corporations where they're happy that donald procter and gamble the marry at target cost go to name a collaboration with food interests and it was there and then speakers from the f.d.a. the u.s.d.a. the department of agriculture all of these government food experts all give talks about how to ensure food safety when feeding people on mass the scales the dogs of names like preparing for and responding to natural disaster. and what you need to know about water quality standards courses are also given where attendees can get certifications they need from the government to run their big giant food corp they staged mock food recalls and they do meet and greets with regulators so these corporate guys can get face time with the government guys and they can all do their secret handshakes together or something you get the idea it's a giant event where all the big guys in the u.s. food safety industry all get together to share all of the information they know with each other it's a great opportunity to grease the wheels of our corporate and gove

to cincinnati, our speaker's hometown, where he joined the advertising and marketing department of procter and gamble. after that he came to san francisco to start his own successful business. in 1961, he met kay harrigan of alabama in san francisco. they married a year later in mobil and -- in mobile and then had five beautiful children, doreen, montgomery, and alexis. during the 1960's and 1970's, frank was deeply involved in politics. he served as -- although a republican, he was tapped to serve as ronald reagan's democrats for reagan gubernatorial campaign. he was again tapped by reagan in charge of 11 states at the convention, helping to secure dell gas. reagan lost to nixon at that time but frank went on to work for governor reagan, my statement for the record will describe how. he went on to co-found a winery in california which was consumer friendly and elegant a combination that was new hisms leadership in the wine industry was recognized across the country. over the year he chaired the wine institute and the -- and in the 1990's he represented the u.s. in negotiations on nafta on