linda randall, ceo, clorox company.money" >> thanks so much, jim >> "mad money" is back after the break. >>> stick around >> may i make a suggestion i would stay with cramer >> the lightning round is coming up next. that building you're trying to sell, - you should ten-x it. - ten-x it? ten-x is the world's largest online commercial real estate exchange. you can close with more certainty. and twice as fast. if i could, i'd ten-x everything. like a coffee run... or fedora shopping. talk to your broker. ten-x does the same thing, - but with buildings. - so no more waiting. sfx: ding! see how easy...? don't just sell it. ten-x it. front desk. yes, hello... i'm so... please hold. ♪♪ i got you. ♪ all by yourself. ♪ go with us and get millions of flexible booking options. expedia. it matters who you travel with. you founded your kayak company because you love the ocean- not spreadsheets. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. vi

is dirt cheap. >> the only thing, guys, i thought was harder to find that be clorox wipes was lies sol spray. numont corporation is down 16% in the last 12 months. dan, numont, gold, trade or fade >> i'm fading this i know we've had a lot of discussion about gold and how it's traded over the last year if you look at just gold gld you just draw a line in the upper left and down into the bottom right here. numont has gone that way over the last few months or so. if you're going to play gold, play the miners. i'm figuring this. i think you see this retest the prior lows. >> tim seymour, do you agree, trade or fade newmont corp >> i'm going to trade it you pick someone opposite of the other one. i'm on the other side of dan on this one you've heard me talk about miners, they're better run companies. there's not cap exto the moon, op ex to the moon. the price of gold is perplexing down 18, 19% sen fral bank mania is still intact you also have inflation and other hedges gold has not disappeared even if bitcoin has stolen some of its thunder. i think we're going to see a rally. i like miners

what is clorox >> yes exactly. >> okay.h we will as we get closer to an opening bell, about six and a half minutes from now. >> how much is that? you're up. >> i didn't actually pick a category. >> i know. >> we do have that opening bell. we will get to clorox shares you may have seen top of our show. down as much as, or maybe down as much as 11% hey, don't miss me all week on "jeopardy." >> getting close at yr owth'soush. ♪ - [announcer] introducing the grubhub guarantee, our promise to deliver your order on time within the delivery window and for the lowest price compared to other apps or you'll get back at least $5 in perks. >> announcer: the opening bell is brought to you by -- >>> jim mentioned clorox before the break, and, in fact, they did miss on the top and bottom line organic revenue down ten gross margins down by 900 basis points year on year, jim looks to open around 163 set you back basically to when covid began. >> yeah. i mean, what is really a shame, on tonight for "mad money" is that there was an expected m

kraft, clorox. there's a point of resistance and we're seeing it out of customers that won't keep paying the higher prices. i'm wondering if that is reverberating on the administration or they're not buying it. >> i think that's why you're seeing the biden administration talk about this in a different way. they are seeing polling that shows that more and more americans are concerned about this. polling shows that americans are no longer listing coronavirus at their top concern. they're starting to have their ability to pay their bills, their ability to get a job and this is a real weakness nor the biden administration. if people stop being willing to pay the prices, if they stop viewing them as a temporary byproduct of a recovery that started more suddenly than people expected, that is a huge problem for the biden administration. and then in addition to everything that we talked about, they have a credibility problem because these same people that have been telling everybody not to expect inflation

clorox wipes, clorox also says margins could see a negative impact due to higher commodities costs so there is the word for inflation. the one-two punch obviously hitting clorox shares pretty hard right now. nicola continuing tougher off course, the badger electric vehicle maker hitting the brakes after slashing full year and revenue forecasts and supply chain issues are getting the blame the news comes less than a week after founder and former ceo trevor milton was criminally charged with frauding investors and his indictment is "a potential distraction going forward." you think? okay, how about potential distraction now? because the stock is down 7.5% at the moment. bitcoin mining stocks tumbling alongside cryptos at this hour, marathon digital is moving lower despite a record haul of bitcoin s, right? they mine the actual bitcoins, marathon is down 5.25% and then you have riot blockchain also lower by 6% and hive blockchain has paired a chunk of its losses , that's good news, right? but we do still have shares of h ive moving lower, cryptocurrencies right now in the red for a total

demand for clorox cleaning products led to empty shelves. it limits on how many items people could buy. but now, clorox says, sales in its health and wellness unit declined to 17% in the most recent quarter. clorox shares had their biggest one day drop in more than two decades. following 9.5% overall, those stocks rallied on wall street today, with tech and healthcare shares lifting tomorrow. markets. the dow was up 278 points. the nasdaq gained 80 points and the s and p was up 35 banks and energy stocks also moved higher. millions of people receiving disability benefits are stuck in a federal program that punishes them for having more than $2000 in a savings account. ktvu tom vacar spoke with advocates who say the system is flawed. see supplemental security income has caused many disabled folks to live, enforced poverty and in fear of getting a job or saving money. it's for disabled people under 65, for whom work is difficult or impossible, as well as seniors without assets or access to resources, but it's a system many disability experts a

clorox today, they are not -- were not able to raise prices fast enough. they expect margins to be down 3% to 4% this year that's a big decline in profit margins. they are hopeful the costs will moderate later this year dupont, another company that confronted higher costs, particularly in the automotive division they were able to raise prices they raised prices 13% in the division that dealt mostly with autos. that was successful. dupont down, but overall good what does this mean? we're in a historically amazing second quarter you will go many, many years before you see earnings up 90% yes, it was off a low base, but we're at record highs for earnings revenues are also at records that's a key, more top line translates into more bottom line when you have been cutting costs in between profit margins, clorox the exception, are at record highs, and those higher costs offset by price rising. >>> the spread between large and small cap multiples 4hovering near the highest levels since 2001 our next guest will tell us what that could mean for you and your money. >

it does look like the pandemic boom for clorox might be over with >>> meanwhile, micron is instituting quarterly dividend for the first time paying shareholders 10 cents a share on october 18th the chip company is also adjusting its buyback program saying it will be more opportunistic by holding back when shares are high so it can retire more shares for each dollar spent shares are on pace for their best day since may. >>> up next, despite more than 70% of americans having at least one dose of the covid vaccine, the mandate debate rages on. but there are some places most americans can agree jabs should be required. the latest cnbc all america survey results those are coming up next you don't want to miss hem with steve liesman. >>> and with summer vacations in full swing, we'll talk to dr. patrice harris, the ceo of emed about its partnership with major airlines and why testing is still important for vaccinated "t ehae"fos. hexcng will be right back no-no-no-no-no please please no. ♪ i never needed anyone. ♪ front desk. yes, hello... i'm so... please hold. ♪ those days are done. ♪ i go

clorox plunged after sales missed estimates and forecasts were cut. company says uncertain consumer demand could see organic sales drop as the pandemic boom fades. clorox posted fourth-quarter sales of $1.8 billion, below the lowest analyst estimates. david: we are heading into the tokyo lynchburg. you talk about the earnings season, that is front and center in japan, and to a lesser extent in india. top-ten and bottom 10 in the nikkei 225 are heading into the lynchburg. a quick look at the sectors. you have a lot of the big sectors coming out with earnings. nissan already. . toyota coming out with theirs. there is a split in the pie chart. 0.1%, flat on the index. keep your eye on industrials. an update on the earnings season in japan, we are about halfway through. by the end of the daily will be more than halfway through. it has really been more about earnings surprises and revenue surprises beating estimates there, a little more so as far as revenue. you cannot control revenue, you can to a larger extent control earnings. it has been a decent earni

sizable moves for bp, clorox, under armour, many more results coming for you after the bell. covid concerns are weighing on the travel sector. hotels, cruises, ride sharing names, all mostly lower. new york city announcing vaccine requirements for some indoor venues and chinese video game stocks are under pressure now after new criticism of the industry an state run media. we'll have more on that in a moment 59 minutes left to go in the session. nearly every sector in the green except for communications. some media stocks under pressure >>> a lot coming up on today's show the ceo of under armour will join us exclusively to talk earnings and the back to school season as that stock jumps on strong results and guidance. and we have more results coming after the bell as well from the likes of lyft, activision, amgen, match and more. we'll bring you all the numbers and speak with the ceo -- cfo of match right after those earnings cross. >>> let's focus on the big stories we're watching this hour bob pisani tracking today's market action. steve liesman with how americans are feelin

of course, when you could not find anything clorox related on the store wipes or disinfectant spray. now i key is releasing a candle that smells like swedish meatballs, the candles part of the ikea store in a box package aimed at recreating the sensory experience of visiting and ikea store. live from new york. i'm jane king live and it comes with a name. i can't pronounce like that. >> wasn't going to go i recognized the hank still a chance. >> thanks. it is 7.19 now to our wildfire coverage pg e says its equipment may have been involved in the start of the fly fire which largely merge with the dixie fire. utility company says investigators are now examining a tree that was found on the power lines up in plumas county where the fly fire began back on july 22nd the smaller fire. again, as we said, combined with the dixie fire. 2 days later and that fire has now burned more than 253,000 acres. >> and is 35% contained pg and e told regulators last month the dixie fire may have been ignited when a tree fell on another one on its power lines. pg his equipment in the past has been blamed f

clorox's business has stalled this year compared to the height of covid-19 when consumers couldn't buy another of its disinfectants and hand wipes now retailers can't give the stuff away fast enough. still ahead here at 3 will go to tokyo. japan for our team coverage of the summer olympics. a california native is about to make olympics history. >> keep it here. kron 4 news at 3. we'l california! all of our homes share power. but heat waves can stretch our supply to its limits. flex alerts remind us when to use less energy from 4-9pm. so we can all stay up and running. sign up today. >> the california native is about to make olympics history for us men's boxing. you could win the first gold for the team since 2004 kron four's andrew martin joins us from tokyo andrew, is this big match. >> well, if you're talking about richard torres sanaa's that was going to take place on sunday. here in tokyo and it's very exciting torres is from to larry, california just south of the fresno area. he's a 3rd generation boxer and he is ranked number one in super heavyweight in all of north america he is

stuart: you are looking at clorox. >> last year, hard to find any clorox wipes. tough for this company. this company said we fell short when it comes to sales and profit. the outlook for the year. 2020 for clorox. stuart: we were wiping everything down. not so much now, 88 points. >> everything is being wiped down now. those trends continue, even though it is not translated for covid i know. stuart: videogamemakers way down this morning becoming a target in china's crackdown and we don't know when it will end. >> 10 sent is the largest videogame distributor in china and part of this article from the propaganda machine, the government calling the addictive and comparing it to opium. stuart: opiate for the brain. >> they are taking down these game publishers and we have taken him to interact of the labor titles, weaker outlook than anticipated and we will look at what activevision blizzard does, the pandemic been might be slowing down. and mobile games. we when china wants control of information and control of capital. >> you are hurting yourself in the short-term.

those companies that did brilliantly last year during the pandemic is were are finding it hard, so cloroxcause people are going a little bit more then you have companies that suffered terribly last year who are seeing a recovery this year, everything from cars to luxury goods to oils and banks and steals and industrials, and the third group is those companies that scraped every penny last year and are feeling a lot more confident this year and they are paying a lot more then buybacks and dividends boasting total shareholder returns which is why in dixie's like the s&p 500 are trading at record highs. indexes.— 500 are trading at record highs. indexes. you still have those within _ highs. indexes. you still have those within the _ highs. indexes. you still have those within the tourism - those within the tourism sector, not necessarily in the us, some in the us are doing rather well but certainly for the european airlines and also australian for example, qantas yesterday announcing having to tell 2500 people theyjust got to down tools is still very difficult for something is, isn't it? it

would be good for clorox we hear lows from walmart and target, hope they're not killjoys about the delta variant. said things look good, would have been a lot better but retailers, say the consumer remains flush, not concerned about the fed, looking forward to more people returning to work, still at home though and home office. stick that script, home free and it's true. and i care how much afghanistan matters. did we abandon important ally that needed help or sinking ship that was always unsalvageable. i don't know the answers this is "mad money," but it matters because we have ally in taiwan where huge portion of semiconductors are made and china is putting more and more pressure on them don't see them giving in, hostile to the chinese communist party but if president biden blinks, who knows what could happen less expensive stocks didn't plummet, they went up. semiconductor stocks did get hit. own apple, don't trade it. delta variant can run its course, get vaccinated or infected like india. could be wishful thinking. too many anti-vaxers fighting for the freedom to get sick. wall stre

you can brink your own clorox.ll hire me and i'll get the stock hire >> i think morgan stanley goes 145 to 120 >> it is a winner during delta people do not like to stay at hotels during a pandemic i want brian to be more upbeat i apologize if you think i was being too positive >> all right remember, i'm telling you i'm going with this july number that's okay. uwm, which is united not so good wholesaler stock price but good at what it does. they claim a good quarter. and remember you get a free doughnut that's what's happened we have so many new companies. no sponsorship, no way of knowing things these are all fine companies if you take a look at dunkin' donuts, it's private and then these guys went public we don't, maybe, want doughnuts. >> we'll see you at 6:00, jim. "mad money." >> we do it from somewhere ee? iabzels >> more "squawk on the street. a streamlined version he could access anywhere, no download necessary. and kim. she wanted to execute a pre-set trade strategy in seconds. so we gave 'em thinkorswim we

mixed quarter from eli lily and m marriott and big miss from clorox in summary, i'm going to summarizemarkets overall? but one of the things that i thought was interesting about some of your comments, jason, you're more worryied about the response to the delta variant in terms of lockdown, potential lockdowns and policy mistakes than you are from the variant itself did i get that right >> yeah, joe from an economics perspective and earnings perspective, i guess some people could be worried about the second derivider derivetive on that score it's hard to get really worried you're always -- there's always a possibility that you'll get tagged for something but generally speaking, the fundamentals, whether it's interest rates earnings or the breadth of the market is quite good what i'm worried about is you're heading into the fall where you'll have an infrastructure package, which we discussed earlier, largely tied to a big reconciliation bill which, by any standard, enormous you have debt ceiling debate and then also i think as you mentioned, there will be real concerns, hand wringing and

clorox in the premarket down by more than 11%. i will rattle through the numbers for you.t sees the year ahead, sales 2% to 6% decrease. it goes on, adjusted eps, $5.47. the estimate, five dollars $.60. adjusted eps coming in at $0.78 versus $2.41. it is pretty clear what is going on here. monster pulled forward last year. people have still got the stuff in their cupboards. as lisa and i said in the commercial break, this is the end of hygiene theater in a big way for many people. that stock down by 11%. tom: it is a huge move. it is round-trip. it is really pretty much back to where it was valentine's day of 2020. wonder if we are going to see more of these. jonathan: down 11%. tom: we will see. there's the stories of the stocks today. all of this very much moving. part of it moving at the technical nature of what we see in the equity markets. jonathan krinsky with us now with baycrest partners. you go back and say that small caps, i miss that. you look at large caps and you fall in the center. what is the value of what no one is talking about right now, which is the stoc

clorox reported earnings. these shares down 8.5%. this company really got hit hard.ve benefited a lot from everybody disinfecting during the pandemic. sales came in way below estimates, and their estimated for a decline in sales for the fiscal year that just started in july. so this is a big deal. also keep an eye on take-two and the rest of the videogame space. take-two did report earnings. they also missed estimates in terms of revenue and in their monthly active users. this is a stock from a company that said they are delaying a couple of games. they didn't specify what those are. this is going to be big in the keene household, i'm sure. activision blizzard reports after the bell tonight. keep an eye on that. a lot of concerns about tencent and whatever is going on about china. finally, lift bank -- finally, lyft is reporting after the bell. . don't expect any profitability. tom: are they going to talk about vaccinated -- don't expect any profitability. tom: are they going to talk about vaccinated, unvaccinated drivers? romaine: despite the fact they are losing mo

con las nuevas bolsas glad con clorox, todo está bajo control con tu basura.♪ ♪ [sonido ambiente] astrid: el humo espeso que contenÍa los cimientos y las temperaturas comenzÓ a disiparse el domingo de los pintorescos bosques de california, tras los nÚmeros que luchaban contra el mayor incendio forestal en la historia del estado, se regresaba un clima favorable. el incendio ha arrasado, destruyendo varias casas y numerosos vehÍculos. unas 6000 personas han tenido que ser desplazadas de sus hogares por seguridad, mÁs de 500 bomberos estÁn asignados al incidente. en cÁmara queda captado el momento en el que un grupo de pescadores atrapaba un tiburÓn martillo de ocho pies para luego liberarlo. se puede ver a los pescadores arrastrando al tiburÓn, sacando una cinta mÉtrica larga para medir su recorrido, y luego des enganchando al tiburÓn para liberarlo en el ocÉano. nadie resultÓ herido durante la visita del tiburÓn a la playa. una rÁfaga de fuegos artificiales multicolores iluminÓ el cielo nocturno de tokio, que dio paso a la final de unos juegos olÍmpicos que se

i can't say the same for clorox.t still missed estimates, and the company warned about the guidance going forward as that pandemic boom fades, down 11% this moaning. alix: thank you very -- this morning. alix: thank you very much. coming up, we are going to delve deeper into earnings. chip demand for carmakers is huge. we will talk to the ceo of a major chip supplier for the auto industry. this is bloomberg. ♪ >> global semiconductor shortage has been impacting us. >> it has been quite a whipsaw for us in the industry. >> we are managing it week to week, day-to-day. >> the chip shortage will probably continue throughout 2022. there will be maybe some fluctuations in visibility. >> we are continually monitoring the situation and how we can anticipate the supply situation. >> it is out of our control, essentially. it does seem like it is getting better, but it is hard to predict. >> i think we have overcome chip shortages so far. we could manage, we could rearrange. >> it is something we will have to deal with for the

shakespeare was, of course, was his classic plays: "julius cleanser," "clorox andronicus," "the purellinghe merry wipes of windex." these relatively useless gestures are everywhere, from restaurants to sports venues, and the washington baseball fans are not happy. one nationals supporter was particularly frustrated at the hands-free condiment stations, saying, "sometimes the ketchup is barbecue. sometimes the mustard is ketchup. there's no more relish or onions. this is the biggest (bleep) of the ballpark this year. no, clearly, the biggest (bleep) this year and every year is that you can't wear the hats that the ice cream comes in. why make it a hat if it doesn't fit your head?? and maybe a baby. maybe you can jam it on a baby's head if the fontinel hasn't closed yet. oh, grow up! baby-- baby heads bounce! ( laughter ) now, it's not just ballparks. one expert wondered why cleaning crews are still disinfecting new york city subway cars. yes, because before coronavirus, everyone's first thought when getting on a new york city subway car was, "boy, this looks way too clean. ( laughter ) and

diapers, clorox wipes, beer prices going up because cans and barley costs more. starbucks and washing machines, a spread of the delta variant means that consumers will go out less and take less flights. prices might ease off, something that we've heard from jay powell that said that they anticipated the price increases to be temporary. fox news poll tells us more than 85% of americans are concerned about inflation with 70% of american households seeing grocery prices and grocery price increases are causing hardships in the household. so are gas prices at the pump. you know that americans vote with checkbook issues like the economy and their well-being. >> neil: susan li, thanks very much. we should also point out that as that was indicated spiking, prices, so too are all of the covid cases that are now prompting a number of companies to reassess where they stand and where this economic recovery for a lot of them stands. david lee miller following it closely at la guardia airport. david lee? >> neil, as the number of new covid cases continues to increase because o

this comes as clorox and kraft heinz set to report on high price spikes are impacting their bottom line of this spending is not helping. dan, we've seen it with a lot of these other consumer staple companieses that reported their earnings. they said we're raising our prices. they're having no choice an consumers will have no choice but to pay them, won't they? >> that's exactly true, charles. because each of these corporations need to protect their bottom line. right? they have to protect their shareholders. so they are not going to absorb the price increases that are coming to them as far as the products that they need without passing it on to ultimately the consumer. so all signs point to that inflation is here to stay for a while and will continue to rise. >> of course, everywhere you look, consumers are bracing for run-away inflation the next year. let's talk about how this deal may be held up and your thoughts on the $3.5 trillion spending bill being rammed through as a condition of this infrastructure bill going through. >> that is absolutely crazy, charles. i think that i could m

in the past we had clorox and caterpillar talking about margin pressures. given inflation costs rising, it is really not surprising margins are becoming a new earnings metric that moves stocks. haidi: meme stocks were really the hot thing. we're really seeing an interesting term when it comes to this section of the market. we are seeing that volatility now driven by wall street, institutional investors, rather than retail traders, that are now showing signs of volatility. take a look at this chart. the meme stock jumps we have seen have been led by the likes of gamestop and amc. but they say weak demand when it comes to some of the retail reddit traders, if you will, they are showing signs of pulling back. shery: the market is also watching closely what happens with the pandemic and vaccinations, as j&j says the covid-19 booster they developed triggered an antibody surge. but this comes at a time when we continue to see more and more companies telling their employees to get the vaccines. the vaccine mandates are spreading across the u.s. cvs health telling

consumers are spending less on food at home campbells, clorox are down the wild card is technology. tech is very sensitive to higher interest rates the mega caps are handling slightly higher rates very well. semiconductors are mixed the key story is higher rates are helping the masrkets look through the delta variant. who knows if the ten-year went to 1.8%, i think there would be a bigger problem right now, tech is handling this quite well >> right now that seems like a distant milestone. we appreciate it >>> despite companiescontinuin to push back their reopening plans, stay at home stocks are un underforming zoom is off. pelton is done even netflix and amazon are off of their highs have any of them dropped enough where they are too cheap not to buy? with us is tim sey mour which stock would you buy now? >> it's been a very interesting run for these names. clearly, if delta variants are accelerating, you would think they would rally we are not seeing it amazon, they were the poster child of stay at home. they were the first out of the gate the stock has been dead money. it's not do

play out again and again all the consumer-products giants saying we have to keep doing that, from cloroxo you make of this? to get this is one of those predictions i wish i had been wrong on, but we are seeing inflation the report came out yesterday by an economist on harvard that over the last year and a half or so, even though incomes are growing, and we saw incomes rose in the friday jobs report, they're not growing as fast is the inflation rate, so people are losing purchasing power. that means the dollar i'm holding up is shrinking because of this inflation. you and i have lived through this before, we saw this in the 1970s when tyson accelerated as time went on, and it edit actually because i think the election of ronald reagan people really felt the entanglement. >> definitely. one of the things i noticed to his people don't realize the magnitude of it until it's out of control. >> of the people who really aren't getting the magnitude of this are in my opinion the people at the federal reserve board, the people in washington who seemed to have their fingers crossed and just hope t

we have meganames from clorox to live nation, virgin galactic, ea sports, general motors, marriott, allto power the market through the end of the summer? let's get the "countdown" closer, scott redler. we are at the lotion of the session. we're hearing on cnbc, one of the top fed voices waller, tapering must start in september. what is going on here? we're going down 123 on the dow and nasdaq lost all the gains? >> it is not good start with opening flows that were sold. a institutions and funds took strength to sell not a goodingnal. not that august could be as strong as some say. they sold megacap earnings. they sold after pell, they sold microsoft, they sold amazon. they sold a lot of big leaders, captains of the market. today's action says or confirms it, the small caps opened up. they have been lagging. they're on the lows of the day. traders need to take it step by step with a little less risk, or spend a little bit more time on the beach or in the mountains because the action right now doesn't look like we'll have momentum to the upside. liz: unhelpful, certainly when we started t

think about a clorox, for instance, could have grois margins below 50%.ee lauder has margins above 80%. they're just less exposed to these costs. i think that's the number one thing that altria and estee lauder and even a coca-cola have in common. the second thing is the ability for them to price and the elasticity is with the consumer. while the consumer can handle a lot now because of all the stimulus, you think about tobacco products, they've always been very low sensitivity in terms of pricing because consumers are going to buy them pretty much regardless of the price. beauty products, especially premium beauty products, women want to buy the brand that they want to buy. and even when it comes to a thing like coca-cola, remember, they're selling concentrate to the bottlers so a lot of the costs don't show up on their p & l. >> it never hurts to be segllin an addictive product in this kind of environment, does it, nick speak of altria. and to a lesser degree things that can hook you, whether it's caffeine-related or whatever nick modi, thanks. >> or pe

grilling, at least not publicly traded ones if you wanted to own kingsferred, you had to buy the rest of cloroxthat sells grills, you had to buy something like vista outdoor, which is mainly a play on ammunition in the last few weeks, not one but two pure play grill makers have come public i'm talking about traeger, on july 29th. and then weber on august 5th regular viewers know i'm not a fan of the recent ipo deluge it's flooded the market with too much supply. mostly low quality supply that weighs down everything else. however, you still can get some good deals i think, you know what, i think both of these grill plays fall into that category but which one is better or more important, which one is better for you? tonight, we're doing a blind taste test okay listen to me this is a metaphorically speaking blind test because in order to figure out if you like traeger or weber, well, how do you find out what is a superior grill unless you think about it in terms of stocks so let's take them one by one. wir rr going to start with traeger. this is, i mean, come on this thing is cool as all get out.

clorox reported before the close. stock is rocked. poor guidance.t is the stock everyone is supposed to own. we would change our habits post-covid, buy their products. on top of that i see restaurant stocks doing pretty well even with lockdown order after lockdown order. new york city you you have to sa vaccination card before you eat. the market is down playing at this very moment the market and covid risk, what do you think? >> the market in the last couple weeks has been in a wait and hold pattern. we've been in a tight range for most of this earnings reporting period as well as the mutations of the delta. with all the new data coming in companies looking forward as well as changing economic reopening environment i think investors are wait and healed. you see that the stocks are trading really in tandem, value, growth, nobody is really underperforming. everybody is doing the exact same thing on the same day. so, i think that we're all just a bit confused about whether to wear a mask and whether to -- [inaudible]. i think we're waiting to see a li

like this is people did what they had to do during the pandemic but just like the price of clorox has come down, so many people bought them , there's a question of how many buyers are left or how much was carry forward business so you have both of those things happening at the same time. we have to keep an eye on tax liz: yeah, they also bought yeast and bananas for banana bread because everybody was trading banana bread recipes enough with that john corpina, are you reading anything into the markets reaction? we now have the dow down 142, the nasdaq dipped back into negative territory since the top of the hour, and we've only gotten six minutes here at the moment, but you look at the materials names, they're moving higher. where are the flows that you see at the moment? >> less kind of interesting at this point right now, coming into this week, we were clearly talking about covid numbers and the increasing there and clearly , the fed data on our calendar today. afghanistan threw a wrench in that, monday a little bit of a delayed reaction in trading. we saw that yesterday but the fed

degas, you're selling two stocks >> right so we're selling clorox because of lowering demand after the pandemic -- there's lower demand now. during that time frame they increased their operating costs. also they increased their level of debt so we determined that we could find better opportunities elsewhere. also we sold baxter. baxter was having competition around its leading cancer drug and so once again, weakness in outlook for baxter and also because of the loss of revenue from their lack of hospital sales in europe and the u.s. once again, we decided to move away from those two companies. >> pete, over to you you've been pretty busy. >> yeah, the options world has been really exciting volumes are absolutely incredible we've been over 40 million contracts it seems like consistently last week on multiple days. and on top of that, some great trade. but everything is very short term we're talking about one week out, two week out. so i was able to take off almost half of all of the positions that i had because we got a little fortunate we had that nice big run the stock market was movi

but oakland based clorox had its biggest one day drop in more than two decades. releasing quarterly earnings that were less than expected. millions of people receiving disability benefits are stuck in a federal program from the 19 seventies that punishes them for earning anything over poverty level income. ktvu tom baker tells us. bill in washington could help if it passes. sse supplemental security income has caused many disabled folks to live in forced poverty and in fear of getting a job or saving money. it's for disabled people under 65, for whom work is difficult or impossible, as well as seniors without assets or access to resources, but it's a system many disability experts and advocates say, is hopelessly flawed. it's a very weird system that punishes people right for trying to work so like pushes people. into poverty, where it's a program that was initiated to help people not be in such dire situation with poverty. currently 10 million sse recipients would lose their government benefits if they have over $2000 in the bank. you can own your home and your

. >> it started with when we were just like, "we're not -- i'm just scrubbing fruit all day with cloroxthe beginning, i think we were all like -- >> i don't know. how do you -- how -- how clean is clean >> and we were realizing, like, we weren't having any connection to anybody when we were all so, i mean, as we all did. and so we were like, "let's zoom and we'll have, like, friday night drinks with a couple people." and then, literally, they're like, "oh, well, we all know -- let's add a couple people, add a couple people. and ben said -- he's like, "my brain's going to mush. i need to do something i'm going to start and watch every single best picture winner from the academy awards. >> yeah, from -- we decided to start at 1960. and it's that sort of thing, you know, when the pandemic started, we were all going to take piano lessons and learn a bunch of languages. and i'm gonna, "oh, trig you got it trigonometry i got it!" >> i'm gonna get my masters. although, i never got past freshman year in regular college, but whatever. >> but so -- but it actually is -- because -- because it turn

plants, offices and warehouses starting tomorrow >>> shares of clorox down 11%, worst daily loss in 20 years sales are disappointing and profits have fallen sharply from pandemic highs the company also says that manufacturing an logistic costs are rising. >>> and spirit airlines is canceling many flights again this morning nearly 300 flights, about 40% of spirit's schedule, so far today have been canceled the airline blaming weather and operational issues american airlines is facing similar issues it canceled 280 flights or 9% of today's schedule you're now up to date. julia, back to you >> thanks, rahel reese witherspoon's hello sunshine is selling to a blackstone-backed media company led by former disney execs kevin mayer and tom stags and the price tag is around $900 million according to a source familiar with the situation joining me now to discuss is the founder of hello sunshine, reese witherspoon and the company's ceo sarah harden thank you, both, for joining us here today >> thanks, julia nice to be here. >> so it looks like we're still waiting for reese to join. so, sarah, why

take a look at futures down, we've got a downgrade of clorox. upgrade of under armour, gm, oil's down again we're back in a moment our retirement plan with voya, keeps us moving forward. hey, kevin! hey, guys! they have customized solutions to help our family's special needs... giving us confidence in our future... ...and in kevin's. voya. well planned. well invested. well protected. what happens when we welcome change? we can transform our workforce overnight out of convenience, or necessity. we can explore uncharted waters, and not only make new discoveries, but get there faster, with better outcomes. with app, cloud and anywhere workspace solutions, vmware helps companies navigate change-- meeting them where they are, and getting them where they want to be. faster. vmware. welcome change. team usa is ready for the olympic games... ...and so are mike and eddie! show me the olympics. they easily catch every single event with the award-winning xfinity voice remote. show me bmx racing! show me swimming. track and field. shot put. skateboarding. w

. >> the second thing is we spent a tremendous amount of effort working with clorox and faculty from harvard university's prestige school of public health on safe and clean protocols to make sure we operate our theaters safely and cleanly. we were so far ahead of the rest -- not just of the movie theaters but all of industry, on air purification and upping the filtration in our hv ac systems, because we knew way back in may and june of last year that this virus was much more a respiratory spread last, not least, i have a cruiseline, irony, given your question, jim, and i -- my hat's off to frank del rio and others -- i know you ran norwegian. >> pardon me >> you aren't norwegian. why i thought ute go for that one? >> ard norwegian in 1993. >> that's why i thought it was a good question t. is a good question. >> give me this. so you're a showman. i've never, never afraid of being call add showman isn't bitcoin a bit of a showman? is that a great way -- if i came to a movie theater, i have to do it ahead of time and used ethereum i mean, why? i got it you want it? >> well, with keep on

you've got caesar's, wynn, american, royal caribbean higher losers tend to be general middle and cloroxesthe world. we're back in a moment as i observe investors balance risk and reward, i see one element securing portfolios, time after time. gold. your strategic advantage. oh! are you using liberty mutual's coverage customizer tool? so you only pay for what you need. sorry? limu, you're an animal! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪ if you're 55 and up, t- mobile has plans built just for you. switch today and get 2 lines of unlimited and 2 free smartphones. plus you'll now get netflix on us. all this for up to 50% off vs. verizon. it's all included. 2 lines of unlimited for only $70 bucks. and this rate is fixed. you'll pay exactly $70 bucks total. this month and every month. only at t-mobile. i'm dad's greatest sandcastle - and greatest memory! but even i'm not as memorable as eating turkey hill chocolate peanut butter cup ice cream with real cocoa. well, that's the way the sandcastle crumbles. you can't beat turkey hill memories. you have the best pizza

neil: you know what i wonder too, when a company like clorox comes along, the stock was falling last time i checked, 11%, largely on guidance, the concern women pack of higher prices, i'm cutting to the prices whether people will pay higher prices it is the first prominent company worried about that i'm sure others are in similar situation. this inflation as you know, steve, with people willing to pay the higher prices but this seems to be the first sign there is a limit. are we approaching that limit? >> yeah, we are. when you get inflation, it was one thing 3 or 4%. now we're seeing five and 6%, rates of inflation. i'm not convinced that the fed has this story right. i hope they do neil, but i'm not convinced they have this tiger by the tail right now. and we've seen from the past that when inflation gets out of control it creates its own momentum. i do believe the inflation risk is one of the biggest factors in the economy right now. when you look at the potential black clouds. look, if we get this covid contained, i think the rest of this year looks really strong. you report on t

constellation, brown foreman, kraft heinz, clorox, campbell's soup all looking considerably softly no surprise as the economy tends to reopen, these stocks, it makes some sense as a play, have been waning quite some time. the big debate is around tech. tech is sensitive to higher interest rates so it's been either side i'm talking the last several weeks, to see how this plays out, since really the jobs report came out. so paypal, intel, nvidia, microsoft. super mega caps have been a bit stronger, microsoft and apple, for example. but either side a positive or negative let's say that that debate is not yet over again i think the key here, carl, is higher rates have basically helped the market look through the whole delta variant story and that's been a major story. on the delta variant, still, slowing, not derailing the recovery and the key question is what exactly do you mean by slowing. you can change behavior without going through lockdowns and that's what we're debating right now, how much are we changing behavior carl, back to you. >> thank you, bob pisani. >>> still to come this

i mean, obviously the consumer product giants from kimberly-clark, cargill, clorox, have telegraphedof them are saying right now that consumers are dealing with that, they don't love it, even shake shack is saying with its third planned price hike for burgers each one about a $ 0.25 increase for each time its been doing it, people are still buying their burgers. things break off when that chain breaks, when people say enough already. are we close to the enough already point? >> no. two things happen, neil. one is from a stimulus standpoint, one is from a consumer standpoint. eventually, what happens, is somebody decides there's an opportunity to gain some market share by reducing price, and thereby creating pressure in the market on a competitive basis so they may gain a few pieces of points of share and then somebody reacts and next thing you know we're in a downward spiral and that historically happened to the cpg group. from a consumer standpoint -- neil: by the way when you talk about consumer package goods when you mentioned cpg, correct? >> i'm sorry yes, consumer package goods

moderna, tesla and clorox and other notable searches here.we are sitting at 1.134%. he thinks if it falls below 1.14, we could be in trouble >> of course. >> when we come back, lyft's president on reaching key profitability target ahead of schedule and gm president mary barra will join us live. attention small business owners, small business playbook coming next wednesday, august 11. tools and knowledge to make the most of the recovery you can register to attend stay tuned "squawk box" will be right back. , we can harness the energy of the tiny electron. we can create new ways to connect. rethinking how we communicate to be more inclusive than ever. with app, cloud and anywhere workspace solutions, vmware helps companies navigate change. faster. vmware. welcome change. >>> general motors out with second quarter results company beating revenue expectations missing on the bottom line phil joining us with a special guest. >> let's bring in mary barra joining us from the company headquarters in detroit. you are raising your full year guidance rig

con las nuevas bolsas glad con clorox, todo está bajo control con tu basura.id 19. se da una batalla legal entre diferentes condados. que se estÁn demandando al propio gobernador greg abbott. en torno a la orden ejecutiva de mayo. limita a la acciÓn precisamente las autoridades locales de los superintendentes. para que puedan pedir la solicitud de mascarillas. mientras se da esa batalla estados como texas y florida estÁn enfrentando una situaciÓn comedida relajada nuevos casos hospitalizaciones. tambiÉn se tiene la falta de profesionistas. regresamos a los estudios. sactcha: gracias por esta Última informaciÓn en vivo desde houston. ♪ ♪ con 212.672 arrestos de inmigrantes fue mÁs activo en la frontera sur. entre las detenciones 12.000 adolescentes y niÑos no acompaÑados. representa otro rÉcord. por lo general durante el verano los cruces fronterizos disminuyen debido a las altas temperaturas el propio secretario de seguridad nacional. reconoce que el gobierno de biden tiene un enorme reto. ♪ ♪ ♪ ♪ alerta porque a esta hora en el estado de washington. se confir

which is not really innovating, it's just trying to take people out, no more than you might look at cloroxoing to be able to parlay that into a re-flating economy. i wouldn't read too much into it. i think you use the scare about the ipo slowdowns, you use the scare about things slowing down, maybe job numbers, i would say you would use the scare of passing the infrastructure this weekend or next week as a sell on the news opportunity to buy stock versus a signal to sell things or think we're going to get a slowdown going into the last half of the year. i think the last half of the year we're going to have some good times. maria: all right. so you want to buy on any weakness then. anton, you've been investing in financials for much of your career. you know the banks and what drives them better than anybody. and i want to ask you about the capital markets business, what you see happening and also loan growth. what's your take on financials right now? i'm going to tell you what jp morgan chase ceo jamie dimon told me about this but give us your assessment right now of financials. >> sure. th

con las nuevas bolsas glad con clorox, todo está bajo control con tu basura.a". alan: atentos al estado de salud de vicente fernÁndez. satcha: permanece en la unidad de cuidados intensivos el querido cantante vicente fernÁndez como te lo hemos informado, el artista sufriÓ una caÍda en su rancho en jalisco, mÉxico porque tuvo que ser hospitalizado de emergencia. karla: en vivo desde el centro mÉdico que lo atiende, tenemos la Última informaciÓn sobre su estado de salud. reportera: muy buenos dÍas. en un comunicado por parte de la familia pero que pasÓ por los mÉdicos es que don vicente sigue grave pero estable y permanece como bien dijeron en la unidad de cuidados intensivos en este hospital particular. lo Único que se ha dicho las Últimas horas despuÉs de que anoche lanzarÁn el comunicado en su estado de salud que confirma que tuvo una fractura en el crÁneo y en la nuca, que tuvo una lesiÓn en la mÉdula es que se estÁ esperando ver cÓmo reacciona despuÉs de la cirugÍa para saber quÉ daÑo podrÍa tener nuestro querido vicente fernÁndez. no se ha dado ninguna inf

con las nuevas bolsas glad con clorox, todo está bajo control con tu basura.drÉs manuel lÓpez obrador quien garantiza las condiciones de vacunaciÓn de la poblaciÓn para dar luz verde a la reapertura de la frontera. por ahora las restricciones se mantienen hasta el 21 de agosto. cuatro influencer engaÑan y abusan a una persona mientras transmiten la aberrante situaciÓn en vivo . la fiscalÍa del estado de jalisco mÉxico investiga los hechos. luego de ver las imÁgenes que generan repudio por partes de organizaciones que defienden derechos humanos. alejandro madrigal tiene las repercusiones del caso. alejandro, buenos dÍas, cuÉntanos. alejandro: estos 4 jÓvenes fueran linchados pÚblicamente luego de subir este vÍdeo donde se burlan, engaÑan y abusan a una persona migrante de entregarle $25 a cambio de dejarse tocar sus partes privadas. el inmigrante aceptÓ la ayuda, el billete era falso y el vÍdeo fue subido a modo de burla a travÉs de las cuentas de redes sociales. se hace viral y organizaciones pro migrantes que defienden a estas personas que salen huyendo de la

happened last year when we had doctors and hospitals saying we had people coming in trying to drink clorox and bleach because this would be a good thing. as if doctors didn't have enough to deal with, now they're having to deal with people poisoning themselves from taking horse worming medication. this makes no sense. all the time, there is something they could be doing. why are they so resistant to taking something that has been proven to work, that millions of americans have taken, that is extremely safe and effective. they are so resistant to trying that, but clearly they want to try something so they're prepared to try something that's unsafe, has not been proven and the studies say don't work. let's hope local doctors and pastors can convince people that the vaccine is safe and get people over the edge. that or more mandates are going to do it. >> from hydroxychloroquine to lights shoved in bodies, to bleach and now to cow worming medication, can't make this up. all to do everything they can to avoid taking what will be looked back upon 100 years from now as one of the most remarkable

we were busy watching everything down with really strong clorox wipes because we thought you could geter, those three lab workers who got so sick at that lab they had to go to the hospital. and, you know, china says yes, cold and flu season. that's probably what it is. , we can't locate the records or anything like that. plus, the world military games were being played in wuhan in october of 2019. and, you know, there was not great attendance, and what we have heard is apparently an illness was sweeping through that crowd. ainsley: there were 9,000 athletes participated in that represented about 100 different countries. so when you talk to your friends, i'm sure you have heard this some of your friends will say didn't really come to america until january of 2020. steve: that we know of. ainsley: that we know of. now, if you talk to some friends they say i think i had it before that i lost smell and taste. didn't know what it was. just thought it was a bad flu or whatever. so this just begs the question did this start in september? did it start in october in wuhan and they never told us