joining us to break down the report, john mueller of procter & gamble.u -- we had you on, you're the cfo for a long time. when did you take over the top spot? how long has it been? time flies. >> it was announced in july of '21 and effective in november of '21. >> '21. >> around two years. >> the reason i bring it up is that this looks like a good number. i want to talk organic sales. that's what we always talk about. it looks like it is above what the forecastyou gave. last time you were on, maybe you gave conservative forecasts or maybe you're pretty good at this. the reason i'm saying that, have you missed yet on a quarter since you came in? have you posted a quarter that was below analyst expectations? >> no. and you're right, this is a very strong quarter. 7% organic sales growth, every category growing, personal healthcare, double digits, home care in the teens, feminine care, fabric care, hair care, laundry, grooming, high single digits, and you see that flow through to the bottom line. we invested significantly and continuing to build their brand

procter & gamble, they're up? lauren: prices for items up an average 7. 7%.heir margins are really solid at 52%. they have pricing power, the street knows it. stock's up -- stuart: pricing value. you got it, you do okay. winnebago, what's the story? lauren: industry sales are down 17% from last year. that is why winnebago revenue fell 35% in the quarter, and they expect continued pressure on the market. not just the consumer buying the rv, but also the retailer reluctant to accept rvs in their inventory because they don't think that they can sell them. stuart: all right. i know that netflix and tesla, they report after the bell this afternoon. lauren: can i say this is when it gets exciting? because you have the big, mega-cap tech companies that a start reporting. netflix, okay. how many subscribers did it add because it started to crack down on password sharers. it is expect to have added 6.1 million. 10% more than last year. total number of subscribers just shy of 239 million. okay, those are big numbers. will we see price hikes? what about content? you hav

alix: interesting off of procter & gamble they're still able to pass along pricing increases even thoughunt of what people are buying is falling. let's get more here, kepler shove rohan of swiss equities. let's start with nestle. are they going to go the png route here? >> i think the street is looking for something around 7% organic scales -- organic sales. the volume mix definition may be negative but i think this will be echoed across the staple space, we saw that with procter & gamble as well. guy: haven't talked for a long time. talk about when you focus back on volumes. getting back to that story at some point there is an expectation the pricing power that some of these businesses have may start to fade and volume comes back into being the big story. jon: definitely as we move into next year volumes will become increasingly important. i imagine it will start to sequentially approve. a lot of these companies in addition to having pressure on volume generally are not necessarily eating or drinking, probably wasting less than they have. because of the increase in prices. going to the

if you can get procter & gamble on sale that's fantastic.you can't get it on sale, though, i'd still prefer you pay up for something similarly great rather than try to pick up some penny stocks just because they seem cheaper but they're not. remember at the end of the day there are very few genuine bargains out there when it comes to second or third-tier players. their stocks may look cheaper than the top dogs, but that's because they deserve to be cheaper. the businesses are worth less. don't worry about paying a higher price to earnings multiple for a best of breed business. it may seem more expensive but in addition to usually being the better investment you're also buying peace of mind. a great company like nvidia, for instance, almost always looks super expensive, doesn't it? but the stock just keeps charging steadily higher as it has for more than a decade with only an occasional detour because nvidia's best of breed too. once you find yourself in a best of breed company, the kind of company with a story you believe in, i've got anothe

plus, an earnings edition of trade it or fade it, we'll break down at&t, procter & gamble, tesla, netflix, ahead of their results later this week. and later, why lulu is rebounding from the downward dog days, and bitcoin's big bounce, what's driving the crypto climb, and a serious snap back for snap. i haven't gotten to you guys yet. is it a surge or just just poof, just disappeared like that. i'm tyler mathisen in for melissa lee. on the desk, dan nathan, and guy adami, we start with the market jump. the dow up 314 points, blue chip index now up six of the last seven days. nasdaq and s&p 500 bouncing more than 1%, wall street embracing earnings season optimism and shrugging off those rising treasury yields which were higher today. among the biggest winners, retail, the s&p retail etf rallying almost 3%, solid rebounds, since it's been down nearly 8% over the past three months. a lot of those names really limping. another encouraging move higher in transports, rising 2% today, transports struggling since hitting 52-week highs over the summer. and these gains today came even as yields tick

procter gamble had a good quarter. of course they did because they raised prices and they lowered how much you got. inflation feels likely to you and me. but to companies like procter gamble make toothpaste tide, it works out really, really well for them in the long term. united airlines said next quarter, not going to be great, which kind of says, ok, we came out of the pandemic. we did domestic travel. we did. international travel. yea. and now we're starting to feel a little bit of a hangover looking at a potential recession are slowing economy in the back half of this year. okay. and before we move to our our second topic of conversation, let me ask you real quick about a x. >> what's the headline here? they're going to start charging new customers, a dollar. was it a year just tweet? >> you said it perfectly. and that kind of says things are changing, obviously on musk overpaid by about 20 billion dollars for twitter. the company has a mask as far as advertising goes. but this is a step in the right direction of t

on the upside, merck, procter & gamble, coca-cola, verizon, visa.s,s up anywhere from .8 to more than 1%. take a look at the s&p 500 winners. gm is on there, csx, the train people up more than 2%. gm up more than 2%, by the way. philip morris up 1.75%. and take a look at the nasdaq winners, always struggle when the treasury yields get higher. again, netflix up there. we talked about netflix with mark mahaney up. 33%, pepsi -- 1 .33%. coming up, israeli prime minister benjamin netanyahu warning of the long war ahead. president biden says israel needs to abide by the rules. roll tape. >> president netanyahu and i discussed again yesterday the critical need for israel to operate by the laws of war. that means protecting civilians in combats as best as they can. the people of gaza urgently need food, water and medicine. ashley: we'll talk to the spokesperson for israeli prime minister netanyahu coming up. also a pro-hamas -- was charged after snatching an israeli flag from a new york city college student at a rally near campus. that victim is here to te

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the city is using a planned, provided by us, some of the national company, procter and gamble the leading diaper maker. and one of the biggest contributions to the problem is this line has a capacity of 50 tons, but i mean, this is the 4th of the big blind on this capacity plot is 14 in the all of us in the way this infection we've, we've done and then the 2nd angle on the box is the 5 but glued got in on everything. we separated, segregated, and the agent and he a complement, maybe the same thing. the printer business started back, good has gone a step further. it already has a bit in photo technology. the company collect energy pads and especially designed bins. then they are taken to the plant to be processed i saw dispos that'd be help develop danica certified. could've been me just walk on 5 device, be up for whitening of the free of cost that goes into unusual cubicle. but he was supposed to buy the woman goodness for the $500.00 on health hygiene and the beauty of this bins. the spice comes thoughtful but they've without any or done back to that issue was the hygiene aspect. then o

military guy and work that procter & gamble for 20 years and the ceo of the biden 200011.hink his politics were fairly conservative whenn he joined levi, he said that to me directly. more and more left-wing which i'm fine. but view, that is not principal. >> do you consider him a friend? did you at one time? >> not a friend but a mentor. >> did you trust him at one time? >> not entirely, no. a love-hate and asked me before, the question. >> you write a lot, but. >> yes. i was grateful the 2011 when he joined, i've been at the company for a lot of years of the time so a young person and managers have the tendency to see you as you work then so a hard time breaking through. i don't know what i was, he was like she's good andnd he gave ma lot of opportunity. he overlooked me for a lot of opportunity that i didn't include in the book because it's boring but there were several jobs. no, i didn't fully trust in but i didly believe he really thougt i was good at what i do. >> by do not get the ceo job in a nutshell? >> i was outspoken about covid restrictions. >> you meet on soci

the city is using a blond provided by us, some of the national company, procter and gamble the leading diaper maker. and one of the biggest contributions to the problem is that line has a capacity of 50 tons, but i mean, this is the force of the big block on this capacity plot is forced in, in the all of us in the word, this infection we were done and then the 2nd angle on the box is the, the 5 but glued caught in on everything we separated, segregated, and the agent and he a complement, maybe the cyclic, the punitive, it's a start to get. it has gone a step further. it already has a bit and for its technology, the company collect incentive dri, pads and especially designed bins. then they are taken to the plant to be processed i saw dispos that'd be help develop danica certified. could have been just walk on 5 device, be up for whitening of a free of cost that goes into new york to make that he was supposed to buy the woman getting this pulled up for $1.00 health agent. i was the beauty of this bins . this box comes full for put the data without any or done back to that ensure the hyg

brands like procter & gamble are doing just fine.etting a little more choosy with amex younger customers, not what you would expect. bottom line, so far this earnings season, even if the consumer is not doing great, things are much less catastrophic than what the experts have led you to believe if you listen to them. something to keep watching as we go into the holiday season. no one should understand date the u.s. consumer to shop more than anyone expects. mad money is back after the break. >>> coming up, two mega stocks reported. two very different reactions from the street. tesla, netflix, cramer. next . (sfx: stone wheel crafting) ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ icy hot. ice works fast. ♪♪ heat makes it last. feel the power of contrast therapy. ♪♪ so you can rise from pain. icy hot. >>> i take a week off. now we are back we need to catch up on some huge stories from last week. take last wednesd

military guy in his youth, worked at procter & gamble for over 20 years and then moved over to become the ceo of levi's in 2011. i think is politics were probably fairly conservative when he joined levi's. he said that to me directly, but moving to san francisco opened his eyes and he took more and more left-wing stances. anybody wants to do that, i've done so personally as well. forcing that on all your employers, disallowing them to express any dissenting view from that is not good. >> host: do you consider chip berg a friend and mentor? did you at one time? >> not a friend but a mentor. >> did you trust him at one time? >> guest: not entirely, no. i had a sort of i guess love/hate, no one ever asked me this before, it's a good question. >> host: you write about him a lot. >> guest: i was very grateful to chip in 2011 when i joined. i'd been at the company for 10 or 11 years starting as a young person and managers have a tendency to see you as you were then so i had a hard time breaking through so he saw me with fresh eyes. i don't know what i was at the time, vp of something, and h

investors are leaning in with pmg shares up 2% -- with procter & gamble shares up 2%. goldman sachs yesterday. morgan stanley stock continues to struggle right now. the wealth management challenges and what is happening on the investment banking side have been worries for some investors. the cfo was indicating he is hopeful we will see a return to dealmaking. if that includes ipo's, that was one benefit for nasdaq which is holding gains today after its benefits of public offerings like instacart, which was a helping hand to nasdaq's business. matt: morgan stanley taking a big hit today. over the last five years, still the best performer of all the big bank stocks with reinforced dividends of 88%. in the second-best, j.p. morgan, is up 58%. so it is far and away the big winner. stocks repairing losses after the 20 year treasury auction. there is less bearishness as we can see by the 10-year yield coming back. here is what alliancebernstein had to say about -- what sean of alliancebernstein had to say earlier this morning. >> eventually yields will come back down. it may

procter & gamble of course, general mills, pfizer, merck, eli lilly. investors flock to the companies that generate safe earnings. because you don't stop eating food or brushing your teeth in a recession. why is this distinction so important? why is it the first piece of wall street jargon i'm translating? it helps you figure out how much companies will earn in a given environment, and the money managers, the hedge fund play book is when to buy or sell these type of stocks based on what the economies of the world are doing. in the old days, 50% of the performance of an individual stock came from the sector, the segment of the economy it falls into, tech, energy, machinery, health care. when it comes to sectors, much of the moves are driven whether they fall into secular or cyclical camps. it's much more now than 50%. you don't want to own much cyclical when the economy is slowing, they'll get crushed because the earnings tend to fall apart as they have during every meaningful slowdown. including chinese slowdowns. nothing about that we can do, what do

military guy in his youth, worked at procter & gamble for over 20 years and then moved over to becomehe ceo of levi's in 2011. he called himself a brand guy. i think his politics were fairly conservative when he joined levi's he said that to me directly. but moving to san francisco open his eyes. he took more and more left-wing stances i am fine anybody wants to do that personally i have done so as well. forcing that on all of your employees disallowing them to express any different view from that is not profits to principals. principles. what do you consider chip berg a friend and mentor? >> no. >> stew would dig at one time? >> not a friend but a mentor. >> host: did you trust him at one time? >> guest: not entirely. no. i mean, i guess i had a love/hate no one's asked me this before but it's a good question. to what you write about him a lot that's why i'm asking. >> guest: i was very grateful to chip in 2011 when he joined britt i've been at the company for 11 or 12 years at that point i started as a very young person your managers have a tendency to see you as you were then so i

these gop diabetes and weight loss drugs, i think procter & gamble has come down with them. nevermind that they are not in the food or beverage business, i think it is a mistaken one more reason why we own proctor and one more reason why we can find gains. this has been acting like a cereal company. and one of the woodchips of our era, modern labs. the theory is that these new weight-loss drugs will reduce obesity, leading to fewer cases of type two diabetes. i think the stock has been overly punished. and it has really lost it, much more in the sparking captain it could be in sales for the product. i'm pretty lonely in my position so i have to be careful. and two of the most important names for the casual stock follower is netflix and tesla. we've been the hearing lots of commentary about each company. netflix has a downgrade today and tesla is all about the desire to cut rice levels where they can still make money but others can't except for in china. that is not the best position to find yourself in. one of my old favorites, they have captioned a lot of attention lately.

military guy in his youth, worked at procter & gamble for over 20 years and then moved over to become the ceo of levi's in 2011. he was a brand guy. i think his politics were probably fairly conservative when he joined levi's, he said that to me directly, but moving to san francisco opened his eyes and you know, he took more and more very left wing stances which i'm fine, anybody wants to do that personally, i've done so personally as well. forcing that on all of your employees, disallowing them to express any sort of dissenting view from that, that's not profits through principles. >> do you consider chip berg a friend? >> no. >> and a mentor? did you at one time? >> not a friend, but a mentor. >> did you trust him at one time? >> not entirely, no. i am ooh-- i mean, i sort of had a love-hate-- no one has asked me that. >> you write a lot about him in levi's unbuttoned that's why i'm asking. >> i was grateful to chip when he joined i had been at the company 11, 12 years at that point and started as a very young person and your managers have a tendency to see you as you were then. so

the city is using the planned, provided by us, some of the national company, procter and gamble the leading diaper maker. and one of the biggest contributions to the problem is that line has a capacity of 50 tons. but i mean, this is the 4th of the big block on this capacity plot is forced in india with the force in the way you're going back to ensure the hygiene aspect. then our printing, it just stopped service existing to avoid the lifting, the 7th revision and the processing blown the bad, a shredded disinfected, and de colorized by machine is basically develop but not to get at the end of the process. 2 types of material i left, this one is a plastic which is a b, which one is up, this kind of but this, but it's more than 98 percent people having to defend application in different investing to make people to invest this plastic because working with this kind of good news. hey, i'm good, i notice we're going, we're going back to the buy to get a meeting that goes or not on the line location of the woman that she's just put in the box. so how does this, i will get the console cloud team

the consumer names, coca-cola, some of the other names, procter and game able. conagra, so-and-so. the lower-end consumer, the s&p 500, we need a bit more energy here. they were briefly positive, for a nanosect. 13,000 the last two weeks, i would say again. just let me show you the idea of being oversold. since september, that's when the rates started moving up? well oversold conditions here, that's really the problem. i'm calling it a yield object section. it's a buyers strike. the buyers just don't want to buy anything. so when will it start to stabilize? just look what's happening. right across the board, amex, home depot, mcdonald's coca-cola. verizon is down 7%, u.s. bank corp is not in the dow, but you get the point here. in the meantime we're dealing with the head-spinning moving in literally this week here. these are the biggest oil funds, some of the biggest out there. they're tied to oil or oil stocks. in the last four days, they're down six, 7%, 8%. and now it's almost deflationary. big, big volume around this. meantime take a look at the largest etfs. curiously you can'

i think he's about 65 military guy and his youth worked at procter and gamble for over 20 years. and then moved over to become the ceo of levi's in 2011. he would call himself a brand guy. i think his politics were probably fairly conservative when he joined levi's. i mean, he said that to me directly, but moving to san francisco opened his eyes and, you know, he took more and more very left wing stances, which i'm fine. anybody wants to do that personally. i've done so personally as well, forcing that on all of your employees, just allowing them to express any sort of dissenting view from that. that is not profits through principles. do you consider chip bergh, a friend and a mentor? did you at one time, not a friend, but a mentor. did you trust him at one time? not entirely, no. i mean, i had a sort of, i guess a love hate. no one's asked me this before. it's a good question. you write about him a lot in levi's. yeah, yeah, i'm very i was very grateful to chip in 2011 when he joined. you know, i had been at the company for 11 or 12 years at that point started as a very young pe

companies who said procter & gamble, for example, are not doing that badly.ir stocks are not doing particularly well. so where and why? >> some companies have -- i'm saying -- >> it's not a cheap multiple. >> no, it's not. this is where you should be getting companies that have key price versus not. can conagra maintain price? look at their stock, look at campbell's soup stocks? well below 2019, forecasting they're going to start making a lot less money. that's a negative chart. slim jim. that's what they call me, partner. >> jim, is there an opportunity here then, particularly -- >> my travel charts. >> -- and the wild bunch is not going to have their way with the ten-year for much longer. >> proctor is high mold. that's the one we picked for the travel trust because we think they have a weak -- a strong dollar problem. they have a very strong band that people continue to pay for. but the opposite is they've got a really good house brand. costco, that's why walmart and costco has been so good. >> when i think of colgate, i think of pet food, too. also not a

six minutes we are down 180, that is more than a half percentage point, the dow winners, walgreen, procterhnson, on the list. the s&p 500, intuitive, walgreens waste management steel dynamics all up nicely. the nasdaq winners intuitive, surgical, walgreens on that list. netflix, that's a big name on this list. index, on the list to. here's what we have on a monday morning jewish students raise $22000 in 24 hours for israel. will hear from one of the students organize a fundraising. if she comfortable at nyu. global fear following israel's attacks is natural but can be harmful. doctor siegel wrote it, how do we get over our fear. there is this energy prices going up, the cost of heating your home going up a report on that next. ♪ stuart: where is the price of oil, it is down a little bit $87.276 per barrel despite what's going on to the middle east. jeff flock with me, we have a war in the least, winter is coming how high can we expect energy prices to go. >> i wish we knew, the government says they might know they have a prediction but were following the oilman around. if you're in the nor

we're going to hear from travelers, morgan stanley, and procter and gamble in the next two hours.ober 18th, 2 2023, and "squawk box" begins right now. ♪ >>> good morning, everybody. welcome to "squawk box" here on cnbc. we're live from the nasdaq market site in times square. i'm becky quick along with andrew ross sorkin and joe kernen. good to see you. yesterday the dow ended up for a third day in a row but you saw the s&p slightly lower and nasdaq as well. this morning there are some red arrows as we start things off. right now the dow futures are off by 85 points. the s&p futures off by 15. it comes as treasury yields continue to climb. we were looking yesterday. the 2-year yield was

interesting take on the consumer today comes out of procter where they do reiterate the guidance.hey see fiscal '24 earnings well above expectations. volume still down one >> the whole story is they're still able to get pricing. whether they're just offsetting commodities or squeezing a little more out of the consumer, the volume growth is not there, but procter has been outperforming the staples in this big swoon that we saw in the staples in the past three months, and it proved why. it's still seeing some strong growth. the ceo, john muller, was on "squawk box" this morning. here's what he said about the ability to keep on passing high prices to consumers. >> i don't think pricing is an endless well. we're pricing to not even fully recover commodity costs. >> so, not an endless well. what do you do with that when the dproet has been in pricing? the thinking with companies like p&g and others is if they pull back on those high prices, volumes will rise. and also there's a school of thought on the analyst community that p&g's in much better shape this time than the 2008-2009 reces

all that said, to sell procter & gamble or walmart with one jarl or -- to make a century.ors a food company, for heaven sake, while walmart consents to other goods in these isles. that said millings we go these drugs, there is send money save money or food. also spent a! angel things. stocks like disney or carnival. remember, you will be able to get an opportunity by the nonfood stocks being sold. even if you have to wait to buy pepsico or mcdonald's for great companies though. even a chance to decline brings the price -- please, let this hideous process unfold before you try to bottom fish on any stock in the food space. "mad money" is back after the break. ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines. (♪♪) we're lucky to have this team working for us. our therapists give their all each day, by helping those who need it most. we take great pride not just in the job our team does, but in them as people. ou

in addition to the dow 30 gold men were getting reports from fellow blue chips johnson & johnson, procter gamble and american express, let's talk about the dow for a second. when you see how many are in the green, it's only four at the moment that are in the right at this hour. nike at the very top, i can't even see. my eyesight is so bad, is that nike at the very top of this hour followed by salesforce and microsoft and home depot. you have all kinds of names that are very strong, walt disney believe it or not up 2.4 percentage points, it's very hard with what's going on in the middle east not to mention spiking interest rates, let's get to the floor show to figure out how to navigate the action slate stone chief market strategist kenny polcari and company dan geltrude. i was looking at rising ten year bond yield, two-year bond yields earlier and i was thinking maybe the markets are rallying right now because the bond market is doing the work of the federal reserve and we won't see another interest-rate, at least that is the perception of the market mi anywhere close to what you're think

move on and that will happen within i believe this quarter, for the current quarter for meta fourth, procter & gamble is the rare old-fashioned blue chip delivered a solid quarter and even if the economy finally slows down it will keep banging out its numbers. what a terrific choice fifth how about ge this company now has the fastest growing aerospace play and it's about to spin off its power division i never thought i'd have anything it g. to say about that power division but now their windmills are suddenly selling well and it will be profitable i like boeing too. it's cheaper than ge but i think ge's quarter was one of the biggest beats we've had if the stock comes down, pounce. i like when this company helps its clients to on-board employees and manage tech tickets. but under ceo bill mcdermott it's become much more important. great cybersecurity while finding ways to save money through the use of artificial intelligence i think surface adobe and microsoft are the only worthwhile plays out there because they're making money of course nvidia is too. there will be other stocks worth buying

let's look at procter & gamble. you want to see some green on the screen?% higher after beating fiscal first quarter earnings estimates. the maker of tide detergent and much more said as consumers are absorbing higher prices, sales volume will increase the rest of the year. as people buy things they need, not necessarily what they want. chip equipment firm asml reporting third quarter profits that were lower than the previous quarter, down 4.7% for the stock at the moment. the earnings did, however, beat analyst estimates. the company forecasts though flattening sales for 2024 as the u.s. places new restrictions on semiconductor exports to china. that's what's hitting the entire semi index at the moment as we already showed you. certainly nvidia, second day straight of big losses. >>> house of representatives still looking for a speaker after jim jordan's second vote now today comes up short again. he's vowing to fight on, but the house gop's civil war freezing the entire legislative process and hurting the republican brand ahead of a presidential election.

it will be great, kicked the idea around of buying procter & gamble stock. that's not down as much as the food and beverages but still up 4% for the year with.6% yield and they raised the dividend every year. they have. but what we think it's been tarred by the same broad brush as the food and drug business even though, you know, i like the taste of toothpaste but i'm not eating it. this is a rich stock too but i think it's the right thing to buy. i saw a survey and many might of health care that offers these drugs. if it turns out there's broad acceptance of these drugs in a short period of time that no one is expecting i think the earnings estimates have to come down for the food and beverage stocks because people will eat and drink less. it's a volume issue, okay, because they won't crave and are a lot less hungry, volumes go down. remember, it's one thing for interest rates to go higher and quash these stocks. it's another to put your stock portfolio at risk of an earnings miss, especially when the stock is more expensive than the rest of the market. yes

and procter & gamble, a little over half of its business revenue-wise outside the u.s.n the tech consumer discretionary media side of things, check out names like booking holdings on the travel side, about 88% of its revenue is outside of the u.s. tesla gets about 52% of its revenues outside the u.s. and microsoft, as well, 50%. so as we talk about the driving force, many of those magnificent seven stocks get a good amount of their revenues outside the u.s. a good reason why, carl, sara, there is so much focus on the s&p 500 entering earnings season with that dollar level the way it is right now. carl, back over to you. >> stay close. we'll see you in a bit. >>> let's get a news update with silvana thenao. >> jim jordan is the first republican to announce a speaker bid just one day after mccarthy's historic ousting. jordan has been one of trump's most prominent allies and is now serving as one of the gop leaders in the impeachment inquiry into president biden. the households to plan a speaker election next wednesday. >>> people who live in maui delivered a petition to h

. >> i think procter & gamble is the only company that says our brand is powerful enough.oday we didn't get that. we have a lot of companies saying we can put through inflationary. in the end, the raw costs aren't going up. it's more individual different -- some labor situations and fuel. fuel is a bummer. >> that's an impressive premarket chart there. >> look at those companies. my father loved those companies, except for rtx. >> statistically irrelevant index. >> collins. remember he said beach front property? his is very quotable. >> plenty more where that came from. first let's get to the meefrt this morning. hamas, as you may know, has released two more hostages and the u.s. is advising israel to delay a ground invasion of gaza. nbc's jay gray is live this morning once again from tel aviv. good morning, jay. >> good morning, carl. we heard from one of the hostages, an 85-year-old grandmother 24 hours after she was released. we saw her shaking hands with her captors before being turned over to israeli soldiers. when she talked about her time in captivity, here is what

if a strong dollar impedes the bottom line, there might be some companies that might warm, but procter & gamble might repackage their goods and charge a premium. i have a friend try company in boise idaho -- french fry company in boise and idaho, their earnings are spectacular and going higher. it's all about can you beat. and the recent buses are up, but we have a potato shortage in america. [laughter] >> i think we ended up on a positive note, who does not love french fries. the founder of navalier and associates with us. you can find the stories that you want on daybreak and find this -- subscribers can find it at dayb , and on the bloomberg anywhere app and the terminal. you can get news on the industries and assets that you care about. this is bloomberg. ♪ ♪ is it possible to fall in love with your home... ...before you even step inside? ♪ discover the magnolia home james hardie collection. available now in siding colors, styles and textures. curated by joanna gaines. it's easy to get lost in investment research. introducing j.p. morgan personal advisors. hey david. connect wi

. >> david taylor didn't in procter, and then he liked it. >> they believe some are good. >> heinz didn'te it. there's three for three. >> peltz has a track record. >> unilever liked him. what's disney's problem? the ceos of these companies have told me that they liked him. so, what, you guys don't know what you're talking about? you run your company, but that doesn't mean anything? i analyzed your stock. i know more than you? >> right. >> no. >> that's going to be his argument. >> well, it's a good one. >> disney's continues to be that we're disrupting everything in here anyway. we don't need you. you don't have the expertise that we feel would be additive to the board, and so we're going to continue to try to create shareholder value with all these different efforts that they're currently engaged in. >> i would welcome him. i think he's -- look, if the stock were at $120, i'd tell him to hit the road, but at $80, you need everything you can get. >> jpmorgan today saying disney plus downloads, pretty solid. ad revenue hasn't really happened. >> once again, i have a meeting today at 12:00

he turned around procter & gamble he'll do the same with vf corp it's not coming down instantly one ofs he laid out last night it's not going to happen overnight vans is the problem there. anyone who is buying now, it's a longer ride. have faith i think he can turn it around. the timeframe may not be what people want. >> two activists in there. he seems to be following a lot of what their playbook is. >> yeah. >> cut costs, cut the dividend, delever, reinvest. >> change the vans president. >> new vans team coming in he's bringing in a great european face. north face is the gold star in europe it did a lot of things wrong, many things wrong, and he has to fix a lot of it. there's a case study in how to run a company into the ground a very good company, i think as long as people understand you can't do it overnight, he's a person who can turn it around. >> amazing how they ruin this company. >> they ruined it. >> $100 stock. >> ruined it i remember when they moved from pennsylvania to be closer to the mills in north carolina. now they moved to denver why did you move to denver well, i do

clorox tried to merge with procter, and the government shut that down. that's a mote.ven though it's the most generic of generics, chlorine has a mote. and i just find that these companies are so low that they look up to me. >> is walgreens also in that camp? >> absolutely. i'm so glad you brought that up. they didn't really kitchen sink it, but tim wentworth is going to shift -- now, 5% of theirs is health care, 95% is lock and key. lock and key being the -- that, you know, i order stuff from amazon in the morning, and it's there in the evening, and it beats, of course, having someone over. he knows that. he's going to pivot and make that into a health care company. that's a buy. >> we'll talk more about that in a bit. wentworth starts his job a week from monday >> this guy's a genius. >> you said nice things yesterday. >> he's powerful, and he understands. the previous ceo left before the press release was out. suboptimal. this fellow -- i sound like my father -- is so good. what a choice. i love it. >> we'll talk more about that, obviously. it's a big corporate mana

procter, coke, and then axp is going to be the lighter, guys, des despite all the metrics we ended upfew minutes ago. >> kpexpectations were built ini guess. the news from american express was pretty good on the revenue side, on the commentary side. but you know, it's an interesting one. i think that people are just expecting the consumer to turn. i think that, you know, the provisions for bad loss is a reminder they're expecting the chargeoffs to increase and the delinquencies to increase. we heard a little bit from discover this week as well. they warned about that. again, i mean, i wrote down the quote because it wasn't a recessionary kind of thing, but they said that they raised their loan provisions to just over 7%, sbr increasing a modest deteriorating macro outlook. but modest was the keyword from discover. >> you have to wonder. travel and entertainment, up 13 in the quarter, but we did get that warning from the state department yesterday for americans traveling abroad. there's obviously been evacuation notices from the uk and the united states out of countries like lebanon, s

procter did well, by the way, only good quarter last week. head and shoulders.you looking at? >> i'm looking at some texts. >> you're looking at jalen hurts. >> i'm making sure i've got some information to discuss the next thing i wanted to talk about which is another deal this morning, engage smart, vista buy it. $23 a share. it is all cash. so, unlike hess's stock, at least, if you own engage smart this morning, enterprise software, you know, relatively small. you're happy. the stock is up. at least you're somewhat happy. there you go. got a nice 12% bump. you can see you haven't seen that price this year. haven't gone back and taken a look, but i'm just looking through -- i mean, obviously, vista has been active. i did notice, speaking of the financing markets, they're not financing this right away. they're going to wait. they'll probably -- so, it's all equity. they're bringing in most likely, you know, some best. they're taking general atlantic down, which owns 52% of this to about 35%. and as i said, fully committed equity financing, not subject to a finan

one company that did have some good news as that opening bell rang this morning, procter and gamble beatns, reporting strong sales despite higher prices. only about 10% of the companies in the s&p 500 have reported third quarter earnings so far. so it will be a busy couple of weeks. taking you live to the new york stock exchange, still down across the board with the dow jones slipping a little bit more in the last hour. now down a little more than a half of a percent. 178 points there. united airlines down about 8% after warning about the upcoming quarter. s&p 500 down three quarters of a percent. the nasdaq slipping almost a full percent, 125 points for the nasdaq. amazon is going to begin testing drone deliveries of prescription drugs. the company says customers in college station, texas, can now get prescriptions delivered by a drone within an hour of placing that order, the drone will fly to a customer's address to send to a height of about 13ft and then drop a padded package. amazon says customers will be able to choose from more than 500 medications, but not controlled substances.

. >> like, procter & gamble and unilever and kraft and coca-cola and mcdonald's and starbucks, i mean of billions of dollars in theibrands. >> jacoby: mm-hmm. >> they spend countless amounts of money to try to connect with consumers. but all we want to do is make sure they understand that their brands are being, you know, flighted up on these sites next to, i don't know, swastikas. >> jacoby: mm-hmm. >> or next to white supremacist content, or next to other hateful content. and then, look, if mcdonald's thinks or coca-cola thinks that they want their ads up against, you know, horrible racist content, they can, they can do that. >> the day elon officially took over, the use of the n word on twitter shot up 500%. >> and so there's this question of whether or not trolls or, or different people are testing the limits of what is appropriate on twitter. >> and i think it tells you all you need to know about how musk's messaging and his signaling has been received. >> jacoby: as hate speech continued to surge, musk called in yoel roth, who was now leading twitter's trust and safety division.

it is not like the merger when they bought procter & gamble or shampoo in europe.spring soap. this is much more cookie-cutter. jonathan: this is different. i am with you. it comes when wti crude's head for his against weekly loss going back to march. yields on the 10 year are higher by a couple basis points at 4.74. what does this mean for the fed? lisa a: especially because you have seen it. it felt disorderly for a minute but we have reprice and stabilize, yet we are still at 4.74. get back, to be, is shocking. i was speaking with san francisco fed president mary daly yesterday. she said if yields stay at this level, is the equivalent of a rate hike and it may remove the need for them to do anything. listen to part of our conversation. daly: the bond market has tightened considerably. already basis points since september. that is equivalent to a rate hike. you need to do tightening admit -- tightening additionally is not there. from my perspective, our job as i see it is not to just do our part. it is to watch financial conditions. because monetary policy works,

cost of capital of doing business as a household in a truly small business and doing business with procterhe real yield changes everything. lisa: yesterday, we have yields touching the highest levels going back to 2006, what this -- what does that tell you about the moment we are in and the potential new outlook people may have to reckon with? maria: --jon: katie: --jon: our guest of deutsche bank of next. -- up next. ♪ >> this cabinet came together and standing strong, standing united and i want you to know, you are not alone. you're not alone. as an -- as empathized earlier, we will continue to have israel's back as you work to defend your people. jon: president biden speaking moments ago in tel aviv along with benjamin netanyahu. the president's diplomatic efforts getting that much higher over the blast that killed hundreds at hospital in gaza. tom: the blank able -- blame game will continue. we don't need to go into them right now and i think people early in the morning have identified the horror of this and the blame game. i don't know how that payment going -- that blame game fits in