next consumer goods giant kimberly clark plans on cutting between five thousand fifty five hundred jobs the maker of brands like huggies and kleenex tissues. has not indicated whether job cuts would be taking place kimberly clark says it will close were sellingg ten m. manufacturig plants and exit businesses which don't generate enough cash. annual sales of the company have declined from twenty thirteen to twenty sixteen and it's looking to save one and a half a billion dollars in the next three years. someone's. now imagine going to a grocery store but there's no cash here and no check outline it may sound like you're stealing witcher actually not it's the future of shopping according to amazon. the economist john has opened the amazon goal concept store in seattle. shoppers simply scanned their abbas on go ask and pasta return style. there then charge you an item is taken off the shelf but credited wants its place and back on. when consumers are done shopping they simply walk out the door. . and. there. why did? so clearly as shoppers thing that they. the some have left the surroundin

kimberly-clark plans to cut up to 5500 close about ten plants and the savings from the tax bill gave them the flexibility to make these reductions. president trump going to claim credit for that one? a lot of nice announcements but the condition of the american worker is getting no better and often times worse. meanwhile our most companies doing, so many of them with these big tax breaks they got they are announcing stock buybacks that raises their stock and doesn't help anybody else. mastercard, 4 billion, bank of america, 5 billion, pfizer, 10 billion. wells fargo, 22 billion. the corporations and individuals are getting pieces of pie. they are going to be outraged. they are already. he will however announce when a company gets a bonus to the worker. the truth is they are a drop in the bucket compared to what the corporations could be doing. not only were these buybacks. let me announce a few other things the corporations did add to the tax break. when bank of america announced 5 billion in stock buybacks they also announced they started charging customers. when pfizer announced it

kimberly clark plans to cut 10,000 jobs and close plants saying that the tax bill gave them flexibility to do this. care yes a company the -- carrier continues to bleed jobs. they are a met for. -- metaphor. the condition of the american worker is not getting better. meanwhile, what are most companies doing, so many of them, with these massive tax breaks they got? they are announcing stock buybacks. that benefits the c.e.o. it raises their stock and doesn't help anybody else. mastercard, $4 billion, bank of america $5 billion, pfizer 10 billion, wells fargo $22 billion.many, many more. $100 billion have been announced in stock buyback since the senate announced its tax bill. when many learned that some are not getting anything, some are getting raises, and the rest are getting crumbs, and big corporations and wealthy individuals are getting nice big fat pieces of pie, they are going to be outraged. my majority leader will not brag about the stock buybacks. he will, however, announce when a company gives a bonus to its worker. let's hear both sides and let the american people judge. bonu

kimberly clark plans to cut 10,000 jobs and close plants saying that the tax bill gave them flexibility to do this. care yes a company the -- carrier continues to bleed jobs. they are a met for. -- metaphor. the condition of the american worker is not getting better. meanwhile, what are most companies doing, so many of them, with these massive tax breaks they got? they are announcing stock buybacks. that benefits the c.e.o. it raises their stock and doesn't help anybody else. mastercard, $4 billion, bank of america $5 billion, pfizer 10 billion, wells fargo $22 billion. many, many more. $100 billion have been announced in stock buyback since the senate announced its tax bill. when many learned that some are not getting anything, some are getting raises, and the rest are getting crumbs, and big corporations and wealthy individuals are getting nice big fat pieces of pie, they are going to be outraged. my majority leader will not brag about the stock buybacks. he will, however, announce when a company gives a bonus to its worker. let's hear both sides and let the american people judge. bon

kimberly clark will cut up to 5,500 jobs and their chief financial officer said that the savings from the republican tax bill gave them the flexibility, his word, to make these rubbingses. -- reductions. so the tax bill is actually leading to a whole lot of layoffs. we don't hear that from president trump or the republican colleagues, but it's true. another impact of the tax bill will be felt on tax day when the nation's highest income earners will get an average tax cut of $50,000 while nine million middle-class families will face a tax increase. true, bipartisan, deficit-neutral tax reform could have delivered more jobs and better pay for the middle class, but the republicans opted for a partisan bill that rewarded their wealthy donors, big corporations, and the super rich and increased our deficit that our children and grandchildren will have to pay by $1.5 trillion. i don't expect the president or republican leader to mention these facts. i certainly don't think the president will mention them in tt state of the union -- in the state of the unitdown, but -- union. mr. president, w

i think they ask something similar to what i heard on this not so great kimberly clark conference call. an insane economy worldwide. however, the fact remains that none of these stocks lost their bond market equivalent status. and if you can find the right ones, you should be able to do pretty well long-term. better than bonds at least for the moment if you don't need income, take a pass the groawth of the industry is restrained by the -- millennials are cost conscious third, the consumer package cost companies are going to spend an awful lot of time waiting for birth bounceback no matter how strongly i believe in the dividends, it becomes very risky fifth, the group isn't innovative like health care. what the heck is the point of addressing proctor -- looking for sustainable long-term income, that he is stocks are absolutely worth looking at. why don't we take the stock of proctor. the company needs to be more competitive on price at the same time proctor is serious about rewarding its shareholders company recognizes it needs to be far more radical about cost cuts i bet the addition o

close or sell ten manufacturing plant change will takes place over the next several rail years kimberly clarkt in unclear what facilities will be affected by the plan. >> well, bill costly bye returns to the stage in philadelphia for the first time since he waist charged with sexual assault in 2015. >> the comedian made surprise appearance at laro jazz club in germantown, played the drums with the tony williams quartet for performance in honor of the late legendary drummer, he declined to talk about his upcoming retrial on sexual assault charges. >> i came here tonight to enjoy being with my friends and the people who came. >> i have been coming every monday for 14 years. so i said, well, he is the last person i wanted to see but i wouldn't let him keep me from coming. >> jury selection for the cosby's retrial will begin march 29th. his first trial lasted in june ended up in a hung jury. >> also, singer neil diamond has announced he's retiring from concert touring after being diagnosed with parkinson 's disease. the 76 year old had concert in australians new zealand, part of 50th anniversary

. >>> kimberly clark, the maker of huggies diapers and kleenex tissues, will cut at least 5,000 jobs globally in an effort to reduce costs. the company plans to close or sell 10 of its 91 production factories worldwide. >>> tennis champion and new mom serena williams will return to tennis for the fed cup. according to the usta. the february tournament will be her first official competition since welcoming her daughter in september. >>> and tesla has announced ceo elon musk won't receive a salary for the next ten years unless he's able to grow the company. the unusual compensation plan says musk must increase sales revenue. ♪ so probably take it at night. and if you have any questions, the instructions are here in spanish as you requested. gracias. ♪ at walgreens, how we care will change over time, but why we care remains the same treating everyone with the care and attention they deserve. walgreens. trusted since 1901. get your bathroom super bowl ready with febreze. breathe happy. let your inner light loose with one a day women's. ♪ a complete multivitamin specially formulated with

. >>> elsewhere, kimberly-clark is closing or selling about ten of its manufacturing facilities around the country. it said today that it is cutting as many as 5,500 jobs worldwide in an evident to cut costs in the face of sluggish sales. the maker of huggie's and kleenex said competition is driving down price force personal care products. and low birth rates are also cutti cutting demand for things like diapers. >>> it is time to look at some of today's upgrades and down grades. energy an stanley downgrading hp saying while they still have the ability to create shareholder value there are no near term catalysts for that stock. the firm kept its price target at $25 a share. hp shares were off four cents at 23.81. but morgan stanley feels better will hewlett packard enterprises, upgrading hpe. the price target was raised to $19 from 14. how let packard hit an all-time high. >> it raised apple's rating. they closed up 4 cents to $177.04 diction's sporting goods was upgraded. the analyst says there are signs that same store sales trends at the rt spoing retailer improved primarily to the

it is down 2%. >>> we have kimberly clark, will get rid of up to 5000 workers. why?wer sales of diapers and toilet paper. the market likes getting rid of 5000 people and the stock is up just a fraction. >>> back to my take. democrats in my opinion totally divided. 16 voted no on the bill to reopen the government. they want to keep it closed down. they included several senators with presidential aspirations. katie pavlich, fox news contributor, joins us now. it is a revelation. this time yesterday i didn't see it like this but now the left is totally split. >> look, there are 44 democrat senators in the senate. 16 of them voted to keep the government closed. that is a third of their party in the senate. that is a problem for them. when you look at the people who are standing up for illegal immigrants over the interests of the americans, it is people who want to run for president in 2020. now the question is, can they win a national election? they're all from states like california, new york, vermont. is that really going to play? they have a big problem on their hands

kimberly clark blamed low prices and poor sales of consumer goods. >>> toys 'r' us is planning to shut one-fifth of its stores, closing 180 stores as soon as next month. toys 'r' us declared bankruptcy in november based on the shift toward online shopping. it will close unprofitable stores this. after a brutal year for retaile retailers. u.s. store closings hit a record high in 2017. there's so much change happening in the retail space. and in many ways, it's good for consumers, you know. when there's -- >> how's that? >> there's so many more choices and competition for your dollar, especially on line. but -- >> a lot of people are crushed that their local toys 'r' us is closing. >> true. >> the new ones i guess will emphasize experience and babies 'r' us, a successful model. >>> "early start" continues with a major day in the russia investigation. >>> new developments in the russia investigation. the special counsel narrowing his focus. why michael flynn and james comey's firings could be critical. >>> the president allegedly asked the acting fbi director who he voted for in in the ov

kimberly clark announced a very different plan.t call, the company admitted their windfall from the corporate tax cut will be used to fund their company's plan to lay off around 5,000 people. yes, you heard that right. credit where it's due at least they were honest. >>> when there was talk last year donald trump was thinking about firing mueller, some republicans were set against it. >> what would that mean if the president fired the special counsel? >> that would be a mistake. >> there was a suggestion the white house would release him. what would your advice be if that suggestion came up? >> any effort to go after mueller could be the beginning of the end of the trump presidency. >> to protect against that possibility. lindsey graham co-sponsored a bill with booker that would mandate any special counsel to establish any staff member can't be fired unless they have reviewing. there was a senate bill looking to detour trump from firing mueller. >> there seems to be some belief and certainly is backed inby -- up by what senator can

kimberly clark the company -- david: don't add up to number of jobs added. >> walmart laided off thousands of workers. at&t layed off thousand of workers. the point i we talk about the optimism, there is not all peaches and cream. david: you always talk about the net in terms of job growth there is net increase. got to leave it at that gang i assume you will be watching. i hope to hear what you think about it all. thanks very much for being here. >> good to see you, david. melissa: we want to hear from you, what is the most important issue the president should speak about tonight? we've been tweeting it all day. go to twitter. "after the bell." you can vote there, follow us. and you can also see the results at the end of the show. david: i want to see those results. i will stick to the end. we're expecting a big focus tonight on immigration reform. the president making it clear he is willing to work across the aisle but does it work in both directions? an update from georgia congressman buddy carter coming up. melissa: democrats blasting the house intel committee vote to make public a clas

kimberly clark announced a very different plan.n a recent call, the company admitted their windfall from the corporate tax cut will be used to fund their company's plan to lay off around 5,000 people. yes, you heard that right. credit where it's due at least they were honest. i've seen wonders all around the world but what i see here never ceases to amaze me: change. i see it in their eyes. it happens when people connect with nature, with culture, with each other. day after day i'm the first to see change. to see people go out, and come back new. princess cruises. sail with the best premium cruise line. 7-day cruises from $599. you or joints. something for your heart... but do you take something for your brain. with an ingredient originally found in jellyfish, prevagen is the number one selling brain-health supplement in drug stores nationwide. prevagen. the name to remember. >>> when there was talk last year donald trump was thinking about tifiring mueller, some republicans were set against it. >> what would that mean if the presi

we just heard kimberly clark is going to lay off 5,000 people. you know how they can afford to do that? they said the tax cuts gave them the liberty to do that. >> that wasn't supposed to be the point of the tax cuts. >> sure, there's going to be positive things. moody's which analyzes this for a lot of states and companies basically said this is a watch. in fact of stimulus on the individual tax cuts, because the majority of it is going to very wealthy people, won't have much effect. >> that's not going to be the president's message. the president and the white house are touting this as though it's all good. >> those things aren't bad, alisyn, but it's not like -- and then you go to, we're going to have 3%, 4% growth. where is the proof that's going to happen? there's no economist in the country that said of of any legitima legitimacy. we saw less than 3% in the last quarter. let's be honest with the american people. at the same time we have 58,000 bridges that are defective in this country. to me that's a national emergency. we ought to be talk

kimberly clark blamed low prices and poor sales of consumer goods. >>> toys 'r' us planning to shut one-fifth soon as next month. toys 'r' us declared bankruptcy in september brought on by an increased competition and shift to online shopping. they will close unprofitable stores. this after a brutal year for retailers. usa store closings hit a record high in 2017. so much disruption happening in so much disruption happening in the retail space. all right. thanks for joining us this morning. i'm christine romans. >> i'm dave briggs. "new day" has one of the victims of the u.s. gymnastics/nassar. >>> if they are trying to interview the president, that is very good news for the president because it means they are starting to wrap up. >> we're going to be fully cooperative with special counsel. >> the attorney general and james comey have been interviewed by the special counsel's office. >> it is not appropriate for the president of the united states to ask a federal official who they voted for. >> he doesn't understand the separation of powers. >> let's see how it all works out. >> the people ho

and kimberly clark announced a very different plan.ence call the company admitted the wind fall from the corporate tax cut will be used to fund their company's plan to layoff around 5,000 people. yes. you heard that right. credit where it is due at least they were honest. i just got my cashback match, is this for real? yep. we match all the cash back new cardmembers earn at the end of their first year, automatically. whoo! i got my money! hard to contain yourself, isn't it? uh huh! let it go! whoo! get a dollar-for-dollar match at the end of your first year. only from discover. >> when there was talk last year that president trump was thinking of firing robert mueller, there were some republicans that spoke against it. >> i think it would be a mistake. >> the white house would dismiss bob mueller, newly appointed special counsel to look into this, what is your suggestion if that suggestion came up? >> any effort to go after mueller could be the beginning of the end of the trump presidency. >> to protect against that senator graham, est

what did kimberly clark do? we're taking the money and firing people. other companies are saying stock buy-backs, that means they'll make the management wealthy. not going to help ordinary american. >> live pictures of marine one getting ready to depart davos. the president is done there after giving the speech. the trip in some ways, i don't know if it was overshadowed, but mired by the new reports that came out overnight that the president said he wanted to fire special counsel robert mueller. tried i guess to fire him. but don mcgann, the white house counsel said, i will quit if you do that. is this a good news story, the president didn't do it, the staff stopped him? >> it reflects the fact that the president has been ob strulkting justice all through out his first year in office. he took on manipulation of three fbi directors. now we find out he ordered his special counsel to fire the special prosecutor. what we see is on every piece of information the president is absolutely panicked about the truth coming out over his team's collaboration with th

the next maker kimberly-clark is coming up to 13% of its reports or as many as 5500 workers.he cost cutting is aimed to design profit margins. changes will make the company quote leaner, stronger and faster. it's an all or nothing deal for the founder and ceo of tesla motors. musk aas granted elon stock award. stock options could make him almost 55 billion dollars. in return he agreed not to get a salary or a bonus. it appears to be tesla's way of ensuring that he will stay on. and that is your business flash update. for an enrollment in u.s. colleges is on the decline for the first time in 12 years. the reasons behind the trend and what it means for america's economy. we will discuss. this is bloomberg. ♪ scarlet: this is bloomberg markets. i am scarlet fu. higher on inventory declines and opec signaling production cuts that will last a year. the big mover in the energy conference was natural gas, up more than 6%, almost 7% now on expectations of and above normal supply drop due to a cold weather in the united states. we see modest losses in the year. inventories at the bigg

now, kimberly clark the makers of huggy diapers are also benefiting from the tax cut. the company's chief financial officer tells the "washington post" this morning it will use the money to restructure leading to the layoffs of 5,000 people and the closure of ten factories. >>> toys "r" us says it will close nearly 200 more stores. nasdaq at record high, pushed higher by netflix, dow slipped a bit. >>> you rarely hear the words "no, we can't" in silicon valley, but the x prize organization says this morning it's going to end its offer of millions of dollars in prize money to the first private company to go to the moon because nobody has gone to the moon. the prize launched a few years ago with an inspirational video. >> if you think only governments have what it takes to go to the moon, think again. 30 private teams from 16 countries competing in the largest incentivized prize competition in history. >> well, turns out it is openly governments that can go to the moon, none of the teams were able to meet the deadline. the group says if it's x prize contest they came up

kimberly-clark trying to deal with sluggish sales and heavy price competition in the country.are. upbeat forecast. the stock is up close to 2% in the pre-market the company behind the dating site bumble said to be up for sale they're telling cnbc that badu which owns bumble is seeking a sale that could value it at $1.5 billion. badu is said to hire jpmorgan to advise it. women have the power to initiate conversations with potential matches. i don't know anything about it. >>> puerto rico is going to privatize a utility company. the utility has yet to fully recover from the devastation resulting from hurricane maria late in september. >>> here in davos this morning i had the chance to sit down with campbell's soup ceo denise morrison i asked her about the company's stock performance over the last year down close to 25% >> i think about it for the long term and, you know, i've been ceo since 2011 the stock was $31. it's 47, 48 right now, but i'm really focused on what are the drivers of shareholder value that will ultimately improve the stock performance from being a company tha

kimberly clark is shedding workers and so is at&t.these multinational corporations even now aren't investing in workers and america they are investing in executives and top brass. steve: professor, disney yesterday specifically cited the tax cuts from the president of the united states and the republican congress is the reason they are going to give 125,000 of their employees $1,000 bonuses. >> absolutely. there are lots of companies that will be able to pay their employees more money. some of that is already happening. apple is another. foxconn from taiwan is moving to the united states. i think it's pretty easy to demagogue this issue if you want to and that is purposefully confused. kimberly clark, union any leave, proctor and gamble the consumer companies are under a lot of downward pressure because of amazon. they are going to be shedding jobs no matter what though amazon is adding jobs. that's just structural change in the economy. but, more broadly, you know, it seems to me amazing that for a seven year economic recovery that a

. >>> >> kimberly-clark says the next four years it will eliminate 5,00005,500 jobs.by $1.5 billion. it said low birth ways in america and north korea are factors. >>> bill de blasio filed a lawsuit. the city filed a $500 million suit against eight companies. it claims drug manufacturers used deceptive marketing about the safety of their products, and it says distributors failed to investigate suspiciously large several companies denied the allegations and emphasized the importance of using opioids safely. >>> and a special story on this hump day. "international business times" says saudi arabian camel beauty contest has been hit by a botox cheating scandal. a dozen camels were kicked out of the contest because their owners injected them with botox to make them look more handsome. a panel of judges raises camels on the size o their lips, heads, chest, and knees. >> they take it very seriously over there. who knew. >> with that kind of a pot, you'd do anything you needed to. >> that's exactly right. >>> ahead, james corden, remember his first appearance as host of the

. >> guys, we have not talked about kimberly-clark this week the stocks have moved up after a couplego, they announced horrible lay offs. k&b today is down after it is been a really strong rally the last few days. they hired senator goldman quite some time ago and they were worried of an activist in their share. i don't think if they have figured it out if there was an activist or who it was if there was somebody in there. and job losses is what announced. the stock reacted positively i don't know if that's wrapped up in some sort of take over speck around the name or you know come around and again and again and maybe the guy at 3 g would want to look at it i did want to know kmb is down today. there it is, since january 22nd. >> let me come at it the other way. >> okay. i was in a call, geez, these guys are in trouble. the stocks should be down and even with that big restructuring. the stocks should have been down >> well, that's fine it is interesting. the reaction was curious and whether it was because people somehow saw that as a reaction to an unknown investor that might start a

they can point to -- kimberly clark is laying off 5,000 people. it is not universally positive news. i think also if they talked about the fact a stronger argument would be listen, this is a tax cut paid for with deficit spending. this isn't so much a tax cut as it is a loan given to you paid back by your children. that depends on how big this drives economic growth in the long term. that at least accounts for the reality that people's taxes are going down contrary to what people like chuck schumer said while this is being debated. >> bill: last point. now you know why this president is so anxious to go to davos, switzerland meeting with european leaders there and ceos of european companies that invest in america and sell this idea, john. >> not exactly something i would have expected from president trump with the populist message going to davos. if he can highlight businesses and even bring some business home, that could be a positive thing. >> bill: i think we have a picture here of these companies. just look at all the brand names on screen. th

killed -- kimberly-clark is up 12% in their workforce.rice war is also weighing in on the company's profits a lot of pressure on the stock you cannot love the irony of this story. i showed this you a couple days ago. customers had to wait a long time that is the whole plan. it was too much and they were overrun. they do huge lines at the amazon go store. we can do miss the point on this one. in terms of the real world shopping experience i can't wait for the people to get ms. charged her over stars -- spend about time you know that's going to happen. i am interested in seeing how this whole consolidation and integration goes with whole foods. you've been making a lot of good points about what you are seeing. they become cafeterias i don't know how they are going to do this. it will be interesting to see how that combination progresses. microsoft president batts -- brad smith will weigh in. details on the new hair party -- harry potter cruise. [music] it's a great day to be alive i know the sun still shining when i close my eyes. liberty m

so i spent time with google, facebook, consumer companies like kimberly-clark. went to iceland which is the number one country in the world for gender equality to understand what are some steps and tactics we can take. >> can we talk about the gender pay gap? >> sure. >> huge issue. >> huge. >> the question is, who is responsible for fixing it? the reason i ask you this is -- and i believe you have some of this in the book but it's also reflected in so many other studies that women do not negotiate for more money as aggressively as men do and so then the question becomes, if you're on the other side of the negotiating table, i.e.,, you're the employer, usually looking to, by the way, pay as little as possible and yet keep that person or attract that person to come, is it on them is it on the employer side that they're supposed to say, look, you're not asking for enough money. i should be paying you more. that's part of the dialogue. >> not just the hr part -- >> yeah, yeah, it needs to come in the ceo this is not an hr issue. we have to get past it. >> is it inc

kimberly: just a reminder, this is the brennan center for justice and we are talking to walter shaub, kathleen clark, professor of law from the washington university school of law, and daniel wiener at the brennan center, and i am kimberly atkins. you can follow the brennan center for justice on facebook, twitter, and watch their programs on you to -- programs on youtube and listen to itunes podcasts. all their reports and media are online at brennan center.org. i want to talk a little bit about solutions or proposed reforms that you all have, but maybe kick it off first with walter explaining what oge does and why it seems at least, from my perspective as a reporter, that it was developed largely to be self-governing, at least when it comes to the white house -- and is one of the proposals tougher enforcement mechanisms for oge or something else out of that? walter: the office of government ethics, which i lead until the summer, is a prevention tool , plain and simple. that is what it is here to do. i don't view it as part of the enforcement mechanism. it is part of the prevention mechanism, so my

kathleen clark, professor of law the washington university school of law, and daniel weiner, senior counsel of the democracy program at the brennan center. i'm kimberly atkinson, she corresponded and coldness at the boston herald and you can follow us on facebook, on twitter and watch programs on youtube and listen to itunes podcast. all reports immediate are online at brennancenter.org. i want to talk a little bit about solutions or proposed reforms that you all have. maybe kick it off first with walter explained what oge does and why it seems at least from my perspective as a reporter covering these issues, that it was developed largely to be self-governing, at least when comes to the white house. and is one of your proposals tougher enforcement mechanisms for oge or something else out of that? >> the office of government ethics which alleged intel the summer is a prevention tool, plain and simple, that's what it's here to do. i don't view it as part of the enforcement mechanism. it's part of the prevention mechanism, so my discussion of where to go from there stems from that. people come to the office of government ethics or to any of the 4500 age