we'll definitely be talking to the clorox ceo about that. we also wanted to talk about corporate bonds. last week was one of the busiest. it does feel like this window is still open, clearly, but maybe banks are telling customers that the window is closing soon the fed does look to taper this year could potentially see higher rates? it feels like we're in a race against time. >> there's definitely an opportunistic part of it today following last week's volumes, there was another huge burst. the good news is the market is absorbing it it's not really moving credit spreads higher it seems seems as if the appear tide is strong it doesn't price me as companies would fee as if they're going to get better than 2% yields. that's what we're looking at right now. even if it does get better, it's probably by not that much. that definitely tells you they're testing the market's appear tides so far. >> mike, thanks for that seema mody has the details >> comments of the cfo raising the alarms today, first on inflation, which he says is unprecedented when

how about clorox this is stock fallen from $240 to the highs to $169 today that decline tells the tale a meager 2.57% dividend like zoom, clorox has been hammered because of the growth rate the acquisitions are hard to pull off at least organically. now we're starting to see the birth of companies that caught fire during the pandemic and burning even stronger, much stronger than even 2019. the last time we spoke to signet jewelers chipotle is easily crushing 2019 doordash has been able to keep putting up impressive numbers even when it looked like the pandemic was waning. williams so he nomo has an astounding quarter it's a covid spur working at home it's rh that's the starve that show rh, restoration harbor is pulverizing 2019 numbers with luxury prices for luxury goods it's a destination when it opens its new 73 ache care estate in brittain amc just exceeded the 2019 comparison i'm not necessarily recommending you buy the stock up here. it's too rich. high debt load challenged business. who could ever imagine amc would best the 2019 numbers right now? contrast that with the airlines.

consumer staples i do like for instance, clorox you could consider a staple. not -- we see how clorox is doing right now you have to look at these individually i say the luxury names with pricing power are doing well >> all right consumer staples trade is a focus. tiffany, we appreciate it. >>> when we come back, the big money movers and the big deal in the asset management business. >>> plus, we talk about china all the time, but vietnam is a very key manufacturing hub for many u.s. companies. only there are a few problems brewing across the pacific we'll explain. >>> stay tuned a very busy hour when "worldwide exchange" returns after this commercial break >>> welcome back to "worldwide exchange." time for the big money movers. three stock stories of the morning. invesco in talks to merge with state street's asset management business state street asset unit manages $4 trillion in assets. it has a big etf business and overseas is $1 trillion in a asas assets shares of diamondback energy oil and gas company says it will accelerate the plan to return 50% of free

jobina: cloris -- clorox also donated money to generation thrive. kumasi: that look to cool. jobina: it was, and there was some personal stories that talk about mentorship, and it wasn't until third grade that one teacher bought him a basketball because he was going through a tough time at home and that is how we started playing basketball, 20 years later he is now playing for the warriors. that is pretty cool. reggie: that is a great story. i hope that teacher heard it too. thank you. 600 brands b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b b

it was a gift from clorox. it will help make sure classrooms are clean for kids. i led a fireside chat with the warriors assistant coach and their forward. they're giving back to young people in oakland. his eight usd alum and oakland native. >> a lot of these kids, they don't have the answers to a lot of things going on in their lives. they only know what they know. us as adults, we owe it to them. we owe it to them to help them find their way. >> yes. in addition to the cleaning products, clorox also donated five thousand dollars to generation thrive. when it comes to education and wellness programming to bay area kids, one shared this incredible story about how in third grade, at eight years old, a teacher bought him a basketball and that is how he got started playing. it was amazing because i don't think that teacher ever would have thought that he would go on to play for the warriors. reggie: it is not an gift that complete with change the trajectory of this man's life. that is great. thank you for sharing that. it sound like a lot of fun. so nice to see when

the pandemic as you talk about some of those stay at home stocks are we going to be starting to buy clorox again or can we go back to the stay-at-home stocks and pick and choose what makes sense? >> i think what you're saying is extraordinarily accurate with respect to this because, no, i don't think you go back and necessarily buy a clorox i have no position there, just to be clear. we're not -- no one is expecting us to go back to a full lockdown and once the booster shots become available to the entire population on september 20th, many of us will go out and get those and feel more comfortable about resuming some of the activities we might have curtailed. we still have a large problem on our hand that nearly half of the country is not at all or fully vaccinated which could take us backwards and, yes, then you gravitate towards those stay-at-home or shelter in place type stocks as a hedge against slower than anticipated growth the new york federal reserve, speaking of growth, has now put off estimating gdp going forward until it can come up with a better basket because the delta variant

mentioned earlier in the segment about cost of goods going up, transportation costs going higher clorox and many of the other consumer staple companies are doing is increasing pricing. that pricing will be sticky and permanent. i believe, we believe, that over the next 18 to 24 months, though, you'll start to see a softening of the goods and transportation costs and supply chain issues will be eventually resolved which will lead to higher margins and for these types of companies our viewpoint is three to five years out, kelly we're not looking to trade these companies that we're mentioning today. >> all right we'll leave it there, gentlemen. thank you both very much let's get over to dom chu who has a market flash for us. >>> so check out what's happening right now. we're still watching the action, kelly and tyler, in chinese stocks, netease and bilibili and vows to, quote/unquote, seriously dael with any violations of its recent rules limiting the amount of time children can spend playing video games each week. now the south china morning post reporting the government has taken another

clorox is donating 25,000 to generation thrive, which is the warriors first of its kind hub that supports nonprofits schools and educators in oakland, which is where want toscano anderson grew up. so it's obviously something that is very meaningful for him. yeah. nice to see things go full circle. also nice to see some precipitation in the forecast sandia. yeah. dion and larry we have it coming tomorrow and then spreading while many of us are sleeping. all right, let me show you live doppler 7 and you will see. that system that's already pushing into the pacific northwest with some rain that atmospheric river is going to drench them and they obviously need it with the fires. we need it here. it's coming but ahead of it. nice day right now temperatures in the 50s to 80s that's about where they were today from our golden gate bridge camera. you can see the low clouds and from our mount tam cam you can see that marine layer really advancing. it's a deep marine layer, but temperatures did come up a few degrees today. so it was a little warmer from our emeryville camera you're looking at traff

our good friends at clorox hooked us up. clorox also is going to be giving you a $20,000 check that's going to you to be used in the community however. what can you do with this? >> we can do a lot with this. we can do a whole lot with this. thank you all so much for everything. thank you, clorox, thank you, "good morning america." we appreciate you guys so much. >> robin, it's like he doesn't know us because this is the point where we go -- >> but, wait, there's more. >> there it is, you have been helping and giving so much but you all still, you went through the storm. you all got hit yourselves and need help so we got more friends at sheex and they're giving you $10,000. [ cheers and applause ] and this is for you and your home, they're also giving you a performance sleep system for your home. new linens, new mattress to help you all get back on your feet again. >> all right. >> that is for you. >> thank you so much. >> we're in louisiana so who dat? who dat? [ cheers ] like i am so we have somebody here with a little bit

this is what we didn't like about the last administration when they would proclaim things like cloroxng to be a costly misstep for the biden white house? >> fred, i don't think it will be a costly misstep if they get this in hand quickly. this reminds me of in may when the cdc dropped the mask guidance and it caught people off guard and along came the delta variant. now you have the white house getting ahead of the science or at least what the government scientists want. they have to figure out how to get everyone, cdc, hhs, white house, president, white house press shop, speaking from the same sheet of music so the public knows exactly what is going on and what steps the government is taking. and where they're being taken by government leadership. >> right. and this under-- underscores, y want a hopeful tone without concrete promises. this doesn't seem to be going well right now for this white house. >> it's been a rough period. there's no question about that on multiple levels and covid is one of them. in some ways covid has gotten a little less attention over the last few weeks bec

supplies will be distributed to each 80 schoolsment clorox announced they were donating $25,000 to the warriors generation thrive. it is a hub that supports nonprofits and schools in oakland. the he visited to deliver the donations. >> well, a notorous problem got a lot of attention with the annual coastal cleanup said to be the largest annual volunteer effort in california. kpix 5 wilson walker live clear he talked to someone of those who picked up other people's trash. >> i have a confession. as someone not born and raised in california, lived here for a little while, one thing i have never gotten over is the amount of garbage you see around the state. you look down and there is trash there. a lot of people that showed up today, a lot of it was like therapy picking up trash. >> anywhere you go, you pull across on the side of the road, and there is trash. what is breaking my heart today is that there is so much trash here right at the water's edge and it goes into this beautiful us stu we're we have. >> reporter: if you have ever been infuriated by the trash you see in california, thi

this is what we didn't like the last administration of proclaiming things like clorox chewable. >> thereeel jerked around. everyone understands conditions have changed a lot. everyone understands what the administration is dealing with and what the world is dealing with in terms of variants and so on. at the same time there has been a clear ability to communicate clearly and consistently with the american people and particularly when so many people, a, so excited to come out of this and that sort of jerked away and again, not the administration's fault. were people prepared and did people know what they were supposed to do next or was there a clear national standard set? >> the administration had been scrambling to deal with all these in a way that did not inspire confidence. >> i want to bring in dr. randy on this. have you seen the data that boosters are likely for mostly everyone? >> the data that i have seen shows that immunity wans overtime after particularly that pfizer shot and particularity against the delta variant. remember the folks who got the vaccine first in israel or the u

i can only figure joe biden will spell clorox. jon: i don't want to go there.want to go here though, the broader approach from this president. i think you have touched on the heart of the issue, president biden said america was back. the allies waited, looked around, started to see the fish is being made and wondered whether america was back and what that meant. how does he follow up with policy, with substance to convince the europeans and others america's back in his words. -- words? joe: i will be curious to hear the language of his speech. what we heard on the cut of jen psaki talking about ever grand, competition not conflict. that is what we hear coming from the white house. the president will try to shore up alliances but also go out of his way to make the point we are not about to enter a cold war with china. that climate change is something for instance that we can work on together. president xi jinping is not in new york and it is unclear what the president will lead with. just look at how he is book ending today. he has a bilateral meeting in the mor

this is what we didn't like about the last administration when they would proclaim things like clorox chewables or whatever they were doing. >> joining me to discuss it, an emergency room physician in west michigan. so good to see you. does this extra layer of confusion impact people like you on the front lines? >> well, no. i'm still dealing with a county with about a 42% vaccination rate, so i'm just hoping that i can get more people in the area that i serve just to get their first shot. i think that is the most critical piece of all this. but as far as the rollout, listen, people would be frustrated if the fda met on september 17th and then they said ÷ and they weren't quite ready to roll it out and it was a rush job rolling it out. did the president get ahead of his skis a bit? sure, i think they acknowledged that. i think that they have also clearly said they will not roll anything out until the fda gives them the guilty and tells them the science is there. i trust that will happen. and like dr. fauci said, that's going to happen in the very near future. >> so then the issues of

effective for kids 5 to 11, meanwhile, 4-year-olds are like, "yeah, don't mind us, we'll just keep cloroxn our legos. okay?" [ laughter ] of course, a lot of kids will get the vaccine while a small minority will insist on taking pony dewormer. [ laughter ] because they're children >> steve: yeah, they're children not horse dewormer, pony - >> jimmy: that's correct well, this is big news pfizer decided to get the word out with a new ad. so i'm not sure they're sending the right message. take a look at this. >> we here at pfizer are dedicated to improving the lives of our customers, whether it's through our popular vaccine soon to be available to children, or through the thing the rest of you know us for -- viagra pfizer, we helped you make your kids, now let us keep them safe >> jimmy: interesting. [ laughter and applause very interesting >> steve: wow. >> jimmy: meanwhile out in california, i saw that some mcdonald's locations are now offering free vaccines it's not every location, so double-check before you let a clown stab you with a needle i'm just saying. [ laughter ] advice yeah, tha

showing some signs of life right now, they may not all be positive but check out kroger, tyson foods, clorox smucker and hormel they're either up or marge neal to the downside today. what do they have in common? all consumer staples companies they were pretty much given away over the course of the last year here as people refocused on the reopening trade post-pandemic. however, in an ideal situation for these stocks you have a mini rotation out of some tech names like we have shown you into some of these we will see if it sticks, kelly. still, food processors really in vogue, at least for today. we'll see if it sticks back to you. >> thank you very much, dom chu. >>> let's get a check on treasury yields, trading near three-month highs and rick santelli here to dig into it for us rick >> yes, kelly. if you look at a one-week chart and, of course, these take into account the fed meeting last tuesday and wednesday, here's 10s and 30s. you can see they've been zooming higher even to on 10s we are towards the low end of yield, the high part of prices for today still higher in yield than yesterday

also when the baton is handed off at the relay race, you have to grab it using a clorox wipe [ laughter only that, the wrestlers are going to wrestle from six feet apart [ laughter ] huh, huh, huh, huh some more olympic news, i saw that ralph lauren just unveiled team usa's uniforms for the opening ceremonies check these out. [ audience oohs they don't look like team usa. they look like the cast from the "gossip girl" reboot [ laughter ] but get this, these olympics could be the hottest on record, so this flag bearer is going to wear a special white denim jacket with a battery powered cooling device in it take a look. yeah wait a minute, you're telling me a white denim jacket can get even cooler? impossible [ laughter ] that's right, a cooling jacket, or, and hear me out, don't wear a jacket [ laughter ] [ cheers and applause don't wear a jacket. we're good it's the olympics. wear a tank top. people swimming with no shirt on yeah, i mean, it's possible, yeah >> steve: flip-flops >> jimmy: yeah this is very exciting. it's time for a new segment that we're calling "sleepy world leader of