almost exactly a year ago the company announced it would be paying $4.2 for benckiser's food divisionat includes french's mustard. the stock got slammed in the news people thought they were paying too much but when we had the ceo lawrence kurzius on the show here, he calmly explained these were worth every penny. especially since millennials put hot sauce on everything. late last month mccormick reported a blowout quarter, driven by much better than expected performance than from the benckiser business fireballing 8.4% in a single session before tacking on a few more points for analysts who were late to the party i think it has a lot more to run. but don't take it from me. let's check in with lawrence kurzius to get a better since of where his business is headed mr. kurzius, welcome back to "mad money." great to see you, sir. >> hey, jim, it's great to be here. >> have a seat thank you so much for coming in. a triumphant year where you really did it so right. >> well, jim, it's been almost a year to the day since i was on your show, and you were no pushover you asked a lot of hard que

up going to bring reckitt benckiser. big news.rowth for 2018 will be at the upper end of its 3% range. it makes a number of products, lysol, all sorts of products i used to clean my house. that is the share price in the last year. brexit at the open. the european union has rejected a key proposal for a trade deal with the bloc's chief negotiator. he says he will never allow a nonmember to collect tariffs. 12 weeks minister has until a divorce deal is meant to be signed. joining us now is the head of market analysis. what do you make of the news theresa may will take control of brexit negotiations? brush-off, this another one, from michelle on theresa may's grand brexit plan. its leaves are in the same place she was in the middle of last year. if you look at all the material successes she has had in negotiations, it has come as a result of giving the european union what they want. we could be looking at theresa may heading up negotiations personally. she has gotten rid of johnson and davis. we could be looking at another concession

published a story about deceleration in seasonings division and a similar slowdown at the record benckiserquired that was scary. they said mccormick was poised to lose market share and there would be little to no organic growth to be found just another food stock. basically, they painted a very grim picture and while quarter after quarter, mccormick proves this picture dead wrong, the negative thesis refused to die, which brings us to the game changer at the end of june when the company finally laid this nonsense to rest mccormick posted a 9 cent earnings beat after higher than normal expected revenues, over 9% a year. all that deutsche bank said were decelerating, no, no, no they're doing great. they believe they can turn frank's red hot into the number one hot sauce on earth i believe him. this is a high quality beat, and everybody knew it. couldn't fight this one anymore. finally, the stock got some real lift, surging 8.4% that day and continuing to rally to an all-time high of $120 last week. now from my perspective, this was all a little bizarre for the first time this year, mccormick

inc hungry investors will keep an eye on that. other big ones, astrazeneca, reckitt benckiser, the mediaep ni on. talking about shell, interesting developments with president from's tweet regarding iran. —— keep an iron on. he said us allies buying from iran should stop otherwise they could face sanctions. this as to the confusion about where the oil price is going, doesn't it? it reiterates that after gains in the oil price nothing is really certain. and what impact that will have on the oil price, which we have seen weakening recently, depends on how many countries follow the us in imposing sanctions on iran. three countries that will benefit are saudi arabia, iraq and of course russia, because they are seen as the substitutes for iranian oil. the trade tensions is another factor because they will weigh on global activity and that's bad news for the oil price. we have had major oil players like total mothballing projects earmarked for iran. 0thers experiencing similar problems? about where to put the money for future projects. they all companies have been under pressure when the oil pr

that's why we're reiterating guidance on a solid set of earnings >>> reckitt benckiser has had growing sales with the mead johnson purchase they upped its dividend to 70.5 pence mper share. >>> elsewhere basf reaffirmed its outlook for 2018 but is warning economic risks had increased significantly. higher cost from feed stocks squeezed margins the second quarter ebit rose to 2.36 billion euros, that was below expectations let's check in on facebook of course we had that move in trading yesterday down almost 20%, 19% or so that was the biggest one-day selloff ever for the company and ever in terms of market cap for any single company in the history of trading big moves in facebook. let's get more detail on what happened there and on its disappointing second quarter numbers, that is a report filed by julia boorstin. >> reporter: facebook raising red flags that after revenue growth slowed more than expected it will decline meaningfully over the next two quarters, while the user number showed the lowest growth rate ever. and in europe users declined in the quarter, but some analysts are st

staples including british american tobacco, drinks firm diageo and consumer goods giant reckitt benckiseres, only to be unveiled alive and well at a news conference 24 hours later. in an investigation for panorama, jonah fisher has spoken to all of the key players to find out what really happened in the fake murder plot. two months after he was pronounced dead, arkady babchenko is still fearful for his life. wearing your disguise. this was the staged picture of the russian journalist that convinced the world that he had been killed. 20 hours later, to widespread astonishment, he was unveiled alive and well. it had all been an elaborate sting operation by ukraine's security service. but as the dust settled, there were more questions than answers. to try and find out exactly what happened and why, the bbc has spoken to all the key players. for the fake murder there was, of course, a fake killer. the hitman used to be an orthodox priest that tells me he was approached by an old contact and agreed to kill arkady babchenko for $30,000. while pretending to cooperate, the hitman was in fact work