kimberly clark did beat. about the same as what they beat in third quarter you see that stock is trading down a little bit there. mcdonald's is the only out right miss we had there. u.s. sales growth are a bit slower i talk about these beats and raise guidance is that really enough. look what's been going on. take a look at sherwin-williams. earnings up 13%. this is one of the big movers. we had modest earnings growth. the stock is up 45% right now. same situation to go through some other names. united technologies, 6% growth that's pretty good for a big company right now. price up 33% hard to move these companies forward and the price is when you got modest earnings growth like this. same with procter & gamble price up 33% how do you get it up when you talk a bit more optimistically about the fourth quarter kimberly clark, low 4% this is much more typical than the s&p. price up 22% what's a typical stock mcdonald's it's only 1% earnings. that's typical for the s&p price up only 14%. when i say typical, look

charles: value winner today, despite kimberly clark. >> kimberly clark is not value.harles: it has run too much. >> consumer staples -- charles: no longer safe haven. >> no longer safe haven. technology and communications services have more earnings than staples. proctor & gamble did a great job what they have done with restructuring. we're not using these types of companies for a non-discretionary consumption anymore, charles. our non-discretionary consumption into the iphone. communications services and tech stocks. charles: talk about communication services. i know you like that group. it is the worst performer today. >> today. charles: weighed down by facebook which has 47 attorney generals looking into them among all the other problems they have. netflix, verizon cut a deal with disney, disney plus, will give them a year. i don't know who pays for it but the customer doesn't pay for it. maybe you see value there but it is also the most volatile sector right now. >> again communications services has wonderful theme of content and cash. i think the theme for commun

color ox, unilever and kimberly clark as well as smaller disrupters using social media as an effective tool to draw customers. meantime, the company continues to double downn on innovation ad techchlogy to launch new products. whether it's unveiling new makeup gear at millennials or dital diapers that trackaby sleep when with knew players flooding thehe marnlts analysts say opinion p and g's ability to maintain the market share will be challenging for the company in coming years. however unveilin new products at the right price that have wider appeal could keep the growing story going. for "nightly business report," seema modi. >>> also helping the market today was united technologies, the dow component off the topnef my head earnings estimates for the third quarter and raised guidance, good newsor the closely watched industrial sector. the ceo cited strength in aerospace business and improves profit margins. shares rear 2% in the session. >>> now to mcdonald's, which reported a rare miss. the world's largest fastt food giant posted disappointing profits for the firste in two years. sa

procter & gamble, maybe 6% or so kimberly clark, 4 or 5%.urns here from these companies on mid-single digit earnings growth and they're doing better than almost everybody else 2019, basically a flatish year for the s&p 500. what does flatish look like, up or down 1 or 2% every quarter. q3 down 3% that will probably be better closer to flat, but this is what flatish looks like, coming down, the fourth quarter, 4% two weeks ago, now 2.7%. that's what flat looks like. and the first quarter of 2020, it's been coming down. they're talking about 10%. those numbers are coming down here we were at 9% almost october 1st for the first quarter of 2020. now it's 7.7%. where we are is flatish 2019 earnings growth, some hope for europe, maybe the numbers will get higher, because christine lagarde will promote a fiscal stimulus program and we'll see how we do here in the united states the bottom line here is, we've got a phase one deal potentially for china and maybe some fiscal stimulus coming in europe. that's the hope for stocks right now. carl, back to

i feel the same way about mcdonald's and i also like kimberly clark both have chronically been undervalued. mcdonald's is under way too much pressure that said, you know what's better than both of those? young, that's the one to watch same, by the way, honeywell. earlier this week, united tech is merging with raytheon, but i met the elevator parts and climate controls can win even without a china deal after the close we hear from not value, but a great company, which is chipolte. the shock is up 100% this year i expect to hear good things about their delivery and their new carne asada. i told them i wanted that on the menu, but i ordered it through one of those door dash things. on wednesday morning, boeing reports -- today we learned some incriminating text messages from an employee who allegedly indicated knowledge of real problems with the system that went haywire on the flights that crashed killing all aboard when that news came out, this stock got hammered it's down nearly 7%. the story is horrifying. now, this is "mad money" and i'm not trying to make -- just trying to make any sort

then you can make a big argument defensive names through some of the consumer staples, walmart, kimberly clarki, they'll continue to hold up well maybe high yield as well what side of the debate are you on >> starbucks is down 12%, 13% for one month. >> yeah. >> you know, that's starting to -- who knows what >> starbucks was in that category of yes, they're consumer but also are these global dominant brand names. they had these quality and defensive attributes to them i think we've gotten that and are backing away yesterday there was some shelter in apple, visa, popular growth stocks that's not really working today. software is down you do have apple also backing off 2% after it made another near run to the old highs. >> the key is everyone needs to believe the weak ism numbers yesterday is not indicative of a consumer slowdown. by the way, i think you looked a this before. ism numbers are not indicative of future stock market action. there's a weak correlation between a poor ism number and how the s&p looks. but there is a good one with jobs reports and a weakening pattern. that's why that jo

that play has already happened these are very expensive names right now, coke, kimberly clark, procter & gamble as you see, all are trading down today the weakness is widespread 5 to 1 decline to advance. all down about 2%. >> thanks very much. >>> as the impeachment inquiry is gaining steam, the president is holding a news conference with the president of finland. eomon javers is at the white house today. >> we've seen him expressing real grievance with the impeachment process. he was live tweeting at nancy pelosi earlier today he used the word b.s. which raised a lot of eyebrows he felt he had to deny a report that he wanted alligators in a moat at the u.s. border with mexico, the press has gone crazy in reporting inaccurate information i think we can see a frustrated president trump the president's been tweeting about the stock market today he said earlier all this impeachment process is driving the stock market and your 401 k's down they're willing to hurt the country with only the 2020 election in mind the president blaming today's selloff on impeachment, and you have been talking

in my own state recently kimberly clark, a publicly traded company, decided to move jobs to wisconsin. those jobs were well-known in my district and mr. gallagher's district in wisconsin. there was nothing secret about it. it's just part of business realigning inside our beautiful largest economy in the world. i do have concerns about this disclosure internationally that my friend is requiring because what if you are proposing to enter a country and you want to keep that private for competition purposes, from international competition, or for your competitors in the united states. you are now forced as a public company to disclose, oh, i have one employee in a country and i find that concerning. you may even put that employee at a safety risk depending on what country is a target for americans. in my view that brings up a topic of overall burden. we know of the old expression the straw that broke the camel's back. and regulatory burdens are cumulative. and the burden, any one burden doesn't seem large but when piled up on all the other burdens you see it in total. i was talking to a c

double digit gains for kimberly-clark pepsico, great numbers overall very good organic revenue growthre. i hope you heard hugh johnson, coke is pa little under warming, you get the point, the consumer staples are holding up the market you want to watch the big guys, costco, home depot, nike, ross stores all up 20-to-30%. they have been holding up very well you want to watch for any signs of weakness there, today indeterminate. starbucks a little weakness in the last month down 10 or 12% that's only one showing signs of cracking here. other things to watch, the 200 moving day average, that's 2839 right now. here you can see we're way way above that with 2890 so we got a good 50 points to go finally, you want to watch the earnings commentary. we want to get very fast, beginning october 15th, johnson & johnson, they report the ones i love, honeywells and textron two days after that in a one him weeks we'll have fourth quarter guidance which is what everybody is caring about right now. that was just up, dow is down, 19 points down >> carl, back to you >> thank you very much market pmi not

it's down 5% this month up nearly 20, 22% year-to-date same thing with kimberly-clark a lot of the biggest been weak in the last several weeks, down about 5%, also up about 20% for the month, for the year pch procter & gamble, down 4% this month. it's up 30% on the year. see these charts very, very similar the one big name in consumer still holding up walmart, up 25% year-to-date and it's just off an historic high that it hit last week guys, back to you? >> bob, thank you very much. thank you also to dan nathan, paul hickey, and michael zinn. we'll leave it there >>> up next, stephen roach will tell us why he thinks friday's saoiinone deal with china was dippntg. we're back in 90 seconds don't go anywhere. >>> all right, stocks lower today after trade optimism fueled three straight sessions of gains last week chinese state media noting that china wants another round of talks before any deal is finalized. treasury secretary steve mnuchin on "squawk box" this morning expressed hopeful expectations for phase one. >> there's a fundamental agreement in principle we've gone through these chapter