detergent seized in california has been analyzed here at procter & gamble's lab in cincinnati. >> it actually looks and smells kind ofdetergent. it had very high water content. >> reporter: make but effective. >> this is a chocolate pudding tan. this is the same stain that gets washed in water. this was washed in the counterfeit detergent, and this was washed in the tide liquid. when you use the counterfeit deter jenlt, you can see that it's not that much different than just using water by itself. >> we're here to discuss the impact of counterfeits on consumer health and safety. >> reporter: a procter & gamble executive recently testified in front of congress. >> counterfeiting is consumer fraud. >> reporter: the company is fighting back, hunting down leads and handing their findings to law enforcement. >> we realized this was something that it was -- that we couldn't handle ourselves. but we were really concerned about what kind of fraud was happening here with our consumers. >> we get tips from the community. we get tips from private investigation firms. we get tips from citizens.

there are a couple of scenarios when you look at procter. me if you were to see an up tick in global growth, okay. so this stock should do well. carter just said, the sales topped at $84 billion in 2013. they are expected to be in fiscal 2016 like $64 billion. that's a massive swing. to me they need to actually make up a good bit of that. people have to see they will get back towards peak sales for this thing to work higher from here in my opinion. listen, i don't like it. you could say 5% yield. think about how much cash flow they are using to buy back stock, manage the eps 2 that's also down significantly. >> that's disgraceful, of course. >> let's get to the trade. >> it's a crowded name. if there is a scenario like last summer where global growth sees a down tick and people are worried about the crowded trades you have to remember that procter and gamble august 24, 2015 went to 65 from a high of 93.50 the prior year. you want to look at options as cheap as they are for a break of the up trend from the august lows. it's well defined, not

he then spent most of his career at procter & gamble where he ended up as chairman, president and chief executive officer. under his leadership procter & gamble significantly recalibr e recalibrated its product portfolio, expanding its manufacturing footprint, adding nearly one billion people to its global customer base and grew the firm's organic sales by an average of 3% a year. and in two years ago, just about two years ago, president obama selected robert mcdonald to be the secretary of veterans affairs.

when it clears, we can go back to clorox and back to -- look at procter & gamble after these problems. >> living on clorox doesn't sound like much fund. >> good yield. clorox is very popular again. kills germs. i always like to reduce things to the stocks that people have in their house, in their pantry, in their refrigerator, in their drawers because these are the companies that can make you money in that environment because they do not need growth. they do have dividend growth. they are the companies you can look at. edgar allen poe is right, they're right in our face and they work in this environment. i don't want people to give up, i want people to refocus and recognize we don't have our wind at our back with the economy, which means we have to switch direction and look inside our kitchen and look inside our bath. >> doj and doe, brexit has frozen everybody. sterling likely to depreciate further, sharply. what are we going to do? >> we can't go over and buy land. it was ridiculously overvalued the last time i tried to kick the tires a few months ago. we're now getting that 11% dow

he then spent most of his career at procter & gamble we ended up as chairman, president and chief executive officer. under his leadership procter & gamble significantly recalibrated its product portfolio, expanding its manufacturing footprint, adding nearly 1 billion people to its global customer base and through the firm's organic sales by an average of 3% a year. and two years ago, just about two years ago, president obama selected robert mcdonald to be the second of veterans affairs. over the course of his tenure so far, that he has expanded of veterans access by focusing on staffing productivity and va community care. .. he will be interrogated briefly by our very own norman eisen, senior fellow at brookings. norm served in the obama administration a special assistant for ethics and government reform and went to the czech republic where i first met him to serve as united states ambassador there. he is with us at brookings. we are pleased to have him and he will be talking with you afterwards and with his secretary. with that, let's give robert mcdonald a round of applause. [applause] >>

. >> reporter: detergent seized in california is analyzed at procter & gamble's lab in cincinnati.n a t-shirt. or on a child's onesie. this is the actual same stain that gets washed in water. this was washed in the counterfeit detergent, and this was washed in the tide liquid. when you actually use the counterfeit detergent, you can see that it's not that much different than just using water by itself. we found that it had very high water content. >> reporter: cigarettes, alcohol, detergent. >> if you made just as much money selling counterfeit tide as heroin, what would you choose? the tide. you're not going to do 40 years in prison. >> reporter: deputies raid another address and find 10 grand in cash, a rifle and buckets and buckets of allegedly fake tide. a dirty problem. for "good morning america," nick watt, abc news, los angeles. >> who knew. you can see more of nick's report tonight on "nightline" and coming up next here on "gma," bethenny frankel revealing her frightening health scare. she is live next. ♪ turn it up up up all night long ♪ ♪ turn it up up up but she just can

take a close look at 9-year-old sophia procter. she was last seen yesterday afternoon on 14th street northwest near franklin square. she was wearing a white dress, head band and sweater with silver shoes. now, police believe she is with her mother. we have their photos posted on the wusa9 app so please share them to help police find sophia. >>> two new videos show how fast a cleveland park metro station flooded last night. metro tweeted these time lapse videos. within a minute you can see the rain went to a cascade of water down the stairs and an escalator. commuters still made their way through that flood of water. an inside view shows the station, how deep that water got. about mid calf for most people. 10 minutes later the rain stopped and the through the drains. >>> a small tornado is to blame for damage yesterday. the ef0 tornado touched down near lisbon then continued on a 12-mile path across the county. the twister mostly knocked down trees. no one was hurt. >>> we are in for more storms tomorrow. unfortunately enough for an

two people at goodwin procter did a ton of work and fought hard for me. there are a number of former colleagues that stood up for me. career crs all employees that at various points testified or did declarations on my behalf. disappointed in congress, particularly in the last couple of days there has been a lot of debate in congress, they are concerned about protecting the second amendment rights of people suspected of terrorism. the right to buy a gun. i'll had one member of congress that had a concern about me and my first amendment right to speak and that was senator lindsey graham. i am not one of his constituents. my congressman said this is a legal matter and i cannot involve. senator graham did. he wrote a letter to the library of congress included as a declaration when we went to court and i will be eternally grateful for senator graham. we do not agree about guantanamo. saying whatlaration i had to say about it and my perspective having been the chief prosecutor was an important voice to be heard. one member of congress who stood up for me and fou

law firm of goodwin procter right here in dc, over the last couple of years they offered their services pro bono. to assist as we moved toward court so john dukakis and matt rippy at goodwin procter , they did a ton of work as well and fought hard for me. there are a number of former colleagues at crs that stood up for me. lou fisher, moore rosenberg, dick granite are all career cms employees that in various points in time testified or did declarations on my behalf. i was disappointed in congress and particularly in the last couple of days have been a lot of debate in congress, they're concerned about protecting the second amendment rights of people suspected of terrorism. their right to buy a gun. i only had one member of congress that had a concern about me and my first amendment rights to speak and that was senator lindsey graham. i'm not one of his constituents. my congressman from my district did not get involved. senator graham did. he wrote a letter to the library of congress when we went to court and i'll be eternally grateful for senator graham. we don't agree about saying that what i had to say about it and my perspective having been the chief prosecutor

look at the veterans administration where we have a very smart guy who came out of procter & gamble, a very good die, who is now so surrounded the bureaucracy that he suggested that waiting in line to get into a va hospital was comparable to waiting in line at disney for a ride. you have to get to a point where we wonder what were the conversations like this took a very smart businessman, a west point graduate, a guy i admire, and get to a point where he is so lost a core reality. it's a this same as taking your family to disney world, -- it is not the same as taking your family to disney world. being dishonest about the facts. the case of the the eighth. having the los angeles hospital aluminate 3000 appointments in order to say that the line was shorter, well, that is illegal. that is criminal behavior, and nothing is done. nothing happens. host: part of the problem is that democrats and republicans are not talking to each other. they are talking at each other. what do you do about that? gingrich: there is a wonderful, small book called the education of ronald reagan and about what

at this e.pi d.c. police need your help. sophia procterast seen tuesday in the 1000 block ofck o 14th street.thee she is believed to be with thete woman the smaller picturelectur there on the left, that's her mother julia procter. procter police say julia may be may b driving a 1998 volvo with d.c. d tags ek2268. e little sophia was last seen wearing a white dress, white, sweater and silver shoes.shoes. >> well, the secret to a better sex life is really simple. simple do more housework.. >> but first, a university administrator wears a beard a ba for a good cause. this time lapse video showsho dan bernard letting thousandshon of bees crawl on his face andaca neck creating what's called ad it was part of a campaign to aao raise awareness of honey bee hon health and funding for a new honey bee and pollinator polli research center at washington wo state university.niversit there have been many problems ps with colonies dying off inff in droves.dr bernard said initially he felt l a scratchy sensation and thatha the bees were noisy but b otherw

all, i would not focus on the market cap, because it is trading at a decent valuation, because it is going so fast and it is not procter & gamble and not ibm or exxon, but something better. z zuckerberg and co are cognizant of the threats and if you look at the article that you posted recently of the vice president of europe on facebook, they know that the world is all video, and they are planning on it, and they will lead the charge. >> we are going to make it the end of that, and guys, thank you, paul meeks and andrew left of citron, and we hope the continue the discussion soon. >>> and now, we will talk about the trade of whole foods. and volatile day for crude oil trying to rally from the three-week low. and we will go to the pits. and also, taking a look at the ret retailers today, and you realize that the xrt is on pace for the best day since april, and maybe we can thank pvh for that. halftime report after this. todd spaletto, president of the north face, we are working on the prototype to match customers to gear. watson, let's give it a try. say it's mid-june and i'm backpacking in yosemite. of our 353 jackets,

at odds with walmart. offering in-house bands to procter & gamble. ion for sometimes. they have a strained relationship but it is an important relationship. take a look at the bloomberg to it a look at how important is. this supply chain analysis for walmart, it is the number three provider or supplier. , berkshiretric hathaway -- the top two. procter & gamble accounts for 3%. and also, we have revenue from walmart. moving along, we are taking a look at bank of america today. that is after the ft reported that the consumer unit job cuts told lead to 8000, according those cuts. not necessarily active cuts. you can see that they are moving up with the market today. there is a bounce bank in the financials. the stock has been downgraded to neutral. a price target of going to $32. above where it is right now. we are at 4.6%. server share gains are leveling off. we are operating at a tenure peak. it is unclear if this happened because of the u.s. etf. it is interesting that they are both trading higher. jonathan: thank you. then four hours we will get late

you want to look with options as cheap as they are for procter & gamble, from the august lows, it's pretty well defined. not able to break out at 85. i think you want to define your risk and look to august expiration. two events should give guidance for the full year, that's in early august. and the july 27th fed meeting that could add volatility. so my trade very simply, today when the stock was 83 bucks, august expiration, buy the august 82 1/2. paying $2 for that. it breaks even at 80 1/2 on the down side. make up to 10 1/2. i don't think it will go to 70. i think you have a good shot of it going to the mid-70s if they were to guide down for the fiscal year and we get volatility around the fed meeting. given how option prices are -- >> the lines every all very straight. >> thank you. >> we know coke is doing better and philip morris and kimberly clark. pick your stock. there's something wrong with the behavior. i would rather be doing what you're doing than play this for a catch-up. >> i think you hit on the reason it has been weak. the input costs are rising. it could go substantially higher. corn, soybeans, we don't have t

at the veterans administration. we have this example of a guy who came out of procter and gamble, bob mcdonald, who is now so surrounded by the bureaucracy that he suggested that waiting in line to get into a v.a. hospital was comparable to waiting at disneyland for a ride. now, i mean, you have to get to a point where you wonder what were the conversations that took a really smart guy, businessman, west point graduate, guy i admire, to where he so loses touch with core reality. if you are a veteran trying get into the v.a. hospital it ain't the same as taking your family to disney world. yet this system is so corrupt now -- corrupt not in the sense of bribery, but of being dishonest with the facts. the v.a., in los angeles, eliminated 3,000 appointments in order to say that the line was shorter. that's illegal. criminal behavior. yet nothing was done, nothing happens. host: part of the problem is that the democrats and republicans are not talking to each other, they're talking at each other. how do you get beyond that? >> you talk to the american people. and you get them to talk to both parties. i always recommend to

at the veterans administration. we have this example of a guy who came out of procter and gamble, bob mcdonald, who is now so surrounded by the bureaucracy that he suggested that waiting in line to get into a v.a. hospital was comparable to waiting at disneyland for a ride. you have to get to a point where you wonder what were the conversations that took a really smart guy, businessman, west point graduate, guy i admire, to where he so loses touch with core reality. if you are a veteran trying get into the v.a. hospital it ain't the same as taking your family to disney world. yet this system is so corrupt now -- corrupt not in the sense of bribery, but of being dishonest with the facts. the v.a., in los angeles, eliminated 3,000 appointments in order to say that the line was shorter. that's illegal. criminal behavior. yet nothing was done, nothing happens. host: part of the problem is that the democrats and republicans are not talking to each other, they're talking at each other. how do you get beyond that? >> you talk to the american people. i always recommend to people who want to really understand ronald reagan, the

at u.s. multi-nationals today, it felt pretty orderly for the most part. u.s. stocks down 3.5% most of the day. stocks like procter & gamble was down, and the dollar stayed big. that is the fear i have about a global contagion. then you see the effect, when the fed exited qe, commodities got killed. if they get killed again, we're in the -- >> the dollar did sell off, though. the dollar spiked -- >> the self-correcting -- >> self-correcting rise. this is the pinnacle right now. i would say the dollar at this point, this is as good as it's going to get. >> what's the ecb going to do? >> you're going to have a massive amount of stimulus. everyone's going to throw it out the window -- >> you put stimulus on the euro -- >> so what's your -- >> hold on. what are you buying then? what's the buying opportunity? >> first of all -- >> don't say it. >> first of all, i'm long gdx. >> gold miners, all right. >> you know, i thought about buying xlu again, i'm not ready to buy that just yet. search for yield. but i'll tell you, dan and i talked about this interday, jcpenney. i bought it today, down 5%. it basically closed uncha

at dow 30 heat map for you. what's driving the market? du pont is the leader followed by procter & gamble and morgan chase. we have apple and verizon the laggards on the dow 30. >>> expert traders, do they see a june swoon ahead? we're going to the floor show. >>> and later, headed to dearborn, michigan where ford is rolling out the 2017 superduty truck, and jeff flock and only as he can do is there to give us an exclusive look at hot new ride. more "countdown" on the way. okay, ready? whoa! [ explosion ] nothing should get in the way of the things you love. ♪ get america's fastest internet. only from xfinity. . ashley: market rally gaining steam, not being sarcastic, we are up 8 points, as much as 13 points a short time ago, we have seen a 130 point reversal. nothing to sniff at, ahead of friday's jobs number. the dow up 8 points at 17,795. this morning on "mornings with maria," legendary investor wilbur ross cautioned what he thinks would be the biggest threat to the markets. we shall see. is he right? let's get right to the floor show. i don't know what he said was the biggest threat. traders at the new

at other spaces that don't seem like they'll turn around. especially with oil rolling over. that's the reason. people are saying 5% is okay with me if 2 spkt what we get. >> in the case of procterest the worst of a questionable group. it's valuation is just as high as the entire s&p 500 consumer staple sector. >> they're negative. >> they're negative on earnings. the top line down 15.5% over the last year. finally, all the commodities. softs, sugar. all going like this. that's not good either. >> but there seems to be -- there's a floor underneath these stocks. >> the reason that -- at what point are you going to be a seller of this thing when it's trading 16 times earnings? clearly, at 16 times earning, a 20% discount, it would be a screaming buy. somewhere between where we are and that level. >> for the better part of this year, the stock has been trading in the mid to low 80s. it hasn't been able to break break beyond 85 bucks. if you were to see an upting in global growth for proctor. they're sales topd out at $85 billion in 2013. they're supposed to be, like, $64 billion in 2016. they need to make up a good bit of that. people have to see that they're going to get back tow

at the veterans administration. we have this insanity, this example of a guy who came out of procter and gamble, bob mcdonald, who is now so surrounded by the bureaucracy that he suggested that waiting in line to get into a v.a. hospital was comparable to waiting at disneyland for a ride. i mean, you have to get to a point where you wonder, what were the conversations that took a really smart guy, businessman, west point graduate, guy i admire, to where he so loses touch with core reality? if you are a veteran trying get into the v.a. hospital, it ain't the same as taking your family to disney world. yet this system is so corrupt now -- corrupt not in the sense of bribery, but of being dishonest with the facts. the v.a., in los angeles, eliminate 3,000 appointments in order to say that the line was shorter. that's illegal. that's criminal behavior. and nothing was done, nothing happens. host: part of the problem is that the democrats and republicans are not talking to each other, they're talking at each other. how do you get beyond that? mr. gingrich: you talk to the american people. i always recommend to people who

at one point 122. it is now up by 1 point. dupont, procter & gamble, j.p. morgan leading the dow.lu lemon beating rivals. why is lulu lemon founder so worried about the company then? we'll tell you who what he told hus charge! so why would you invest without checking brokercheck? check your broker with brokercheck. we are the world's connectivity company. we are business & entertainment & innovation. we are at&t. we're mobilizing the world like never before. that's the power of &. incredible bladder prthat lets from always discreeyou move like you mean it now comes with an incredible promise. the always discreet double your money back guarantee. always discreet is for bladder leaks and it's drier than poise. try it. we're so confident you'll love it, we'll give you double your money back if you don't. incredible bladder protection. double your money back guarantee. that's always discreet. >>> welcome back to power lunch. i'm michelle caruso-cabrera. it was an exclusive you saw only here on power lunch. lulu lemon's founder taking aim at the board. saying the company has lost its w

exposure to europe as well, and the procter & gambles and the heinzs and the mollsons and the pepsis and all of them have significant exposure to europe are so you have to look at the fact that they are theoretically defensive when they have significant exposure to europe, and currency as well, and the strong dollar was a major problem as we spoke to many of the consumer staple groups in converting the money back into the united states, and of course, they made over in europe. so it is a very complicated situation with a lot of the moving parts. in theory, you should have certain groups doing better here, but the world is now truly global and it is very, very difficult to sort of sort the threads out, and that is part of the problem with the interconnected world that we live in today, and you can't build the walls, and it is impossible economically to do that. >> and speaking of the threads, and even our own threads, russell rebalancing today. >> yes. >> is that making the situation look better than it would be ordinarily or worse? >> well, it is greatly complicating it and we don't knowt better or worse, and it is a once of the year rebalancing of the russell

they have offered their services pro bono, so that goodwin procter, they did a ton of work and fought hard for me. a number of former colleagues at crs that stood out for me, though fisher, rosenberg, dick from it, all -- did brummet, all of them declarations on my behalf. in the last couple of days, there has been debate in congress. they're concerned about protecting the second amendment rights, but people suspected of terrorism, the right to buy a gun, congress had a concern about me and my first amendment right to speak and that was senator lindsey graham. i am not one of his constituents. my congressman for my district said it was a legal matter and i could get involved. senator graham did read he wrote a letter to the librarian of congress and it was included rome we went to court and i will be eternally grateful for senator graham. we do not agree about guantanamo , but he did a declaration saying that what i had to say about it in my perspective having been the chief prosecutor was an important voice to be heard. the one member of congress that stood up for me and vogt was senator lindsey graham. finally, the media. it wa

at the bay bridge. >> james: there is an effort to close the loophole that some allow the judge to set said as procterx months in jail. the current law does not require hard time in six to call cases. now the district attorney will prosecute the case is looking to change that. never report for this. perhaps perhaps perhaps >> reporter: we are trying to avoid another rock treason. it's >>: now let's give her something besides worldwide sympathy and anger. let's give her a legacy. >> reporter: they are demanding change. he is behind assembly bill 2888. it's called for closing a loophole and a lot. past here's what would do. the rosen says that although brock turner was convicted of three felony counts sexual assault of an intoxicated and a perfect woman. 802888 would prevent the judge from getting probation. it would mandate a prison term. >>: can address whether they committed crimes on campus are off-campus whatever racial or ethnic backgrounds rich or poor must be sentenced to prison. i don't think >>: i believe we should go there if it is needed i believe its reactionary legislation to. >> reporter:

procter. alex goreski will not rest. i have nuvasive on tonight. i thought there was a possibility they would buy that. >> instead they buy hair corps hair and styling shampoos. don't look at me. i'm probably not a user. i'm not the demo. >> not the chosen demo for that one. >> did you listen to cracker barrel call yesterday. >> i did not. did you really think i did? was that even a question? did you listen to the cracker barrel call? of course i did. i wouldn't miss it. >> in the old days when i was 210 pounds, they had a slice a alamo with cheddar on it! >> i've eaten at cracker barrel. it's about the only place you can eat when you're in mississippi. >> the reason i mention it, the reason i mention cracker barrel is you're seeing these companies go up 10% on a given day and that's what i'm looking for. i'm looking individual stocks that just take off. and that's all -- it keeps happening. you'll look at the tape and say holy cow, that one's up. demandware. i always say to people june swoon, sell in may, no, no. look at stocks like cracker barrel, some of these companies that are undervalued in tech and don't give up. did you hear the lululemon guy yesterday? >> i did. >

procter & gamble says some loads might need two, maybe three pods, just to do the job, that's because many people overstuff their washing machine, cramming in too much clothes all ateapo to use more podz, hence you buy more deter gent. >> it was supposed to be the salvation in the laundry room. kid eating them, that's dangerous. >> i have to say, i'm an overloader the dishwasher, the laundry, if i could put myself in, i would. one big load. >> does one pod equal a half a cup of detergent. >> they say an average load, apparently what people think. >> a lesser load. >> all right. it's friday. we're in the fish bowl again. >> who is pregnant? >> i know. >> ha ha. >> where are you going on summer vacation? >> oh, i wish. i'm going to a little show here on nbc called "the voice." one heck of a vacation. i'll get a week with the family somewhere, anywhere, that's a perfect vacation. >> on "the voice" they ask you, when is your vacation? the "today" show. oh, no, nick jonas' hit song what makes you jealous? >> i think people with flat stomachs right now, i look like 14 months pregnant. >> oh, stop, guys. >> we agree to disagree. here we go. really, are you pregnant? you

procter & gamble says that some loads might need two, three pods, just to do the job. that's because many people just overstuff their washing machines, cramming in too much clothes all at to use more pods. >> ten pods. >> you buy more detergent. >> people on social media. he salvation of the laundry room. >> i'm an overloader. the dishwasher. if i can put myself in it, i like a big load. >> one pod equal like a half cup of detergent? >> it's supposed to be for an average load. what people think is average, is a large load. >> you know what an average soda looks like. >> a glass of wine. >> yeah. >> it's friday. we're going to -- the fishbowl. who is pregnant? we're going to stand around. where are you going on summer vacation? oh, i wish. i'm going to a little show here called "the voice." >> yay. >> one heck of a vacation. i'll get a week with the family, anywhere. >> the people on "the voice," where is your vacation? yeah. >> back and forth. >> here we go. >> oh, no. makes you jealous? >> i think people with flat stomachs right now because i'm pregnant. i look like 14 months pregnant. >> stop. >> okay. >> please disagree. here we go. >> really? are you pregnant? you