exhibit a is clorox.ckaged goods powerhouse that reported a decidedly mixed quarter monday night, saw the beaten down stock make a tremendous and worthy comeback normally at this point in the bias cycle they would be recession proof stocks these days we have a problem, most consumer product companies are being eaten alive by inflation. the stock has been an awful performer and wasn't much optimism going in the quarter and people were short it then clorox reported numbers not great or even good, but were not enough to turn the stock around. the gross margins were crushed, down 760 basis points year over year they saved shaved 20 cents off the full year earnings forecast. the gross margins better than expected in the previous quarter. overall, clorox delivered a 39 cent earnings off a basis, higher than expected sales and announced another round of price increases for july which should help with the margin compression. the stock opened down a couple bucks yesterday, but it reversed and finished up 3% today

clorox, good business in staples.y really got crushed in the last six to nine months and inflation was a problem for them they just started to figure that out and figured out their manufacturing and we're starting to see fundamentals bottom out and you're getting a deep discount for a good business if we're wrong and if markets do want to have defensive stocks around, clorox is a good one >> as you say that, the dow is down 512 thank you very much, mike bailey. >> i want to point out that it is baseball season and that mothers and fathers who are doing laundry are using a lot more clorox. a lot. >> listen -- >> every night i or my wife is washing max's baseball uniform because he likes to play dirty and he comes in. we almost got through a whole game and he was clean and he dives into third base. >> the rest of the crowd is cheering and you're just distraught. >> i don't know, but whoever you are, i love you and clorox, we like you, as well. >> nothing would surprise me that the company that was the one-time pandemic

when you say high valuation stocks, i'm guessing you mean the ones we're talking about versus a clorox, which is high valuation stock relative to itself >> yeah. i guess you know what we're referring to is if you think about the 11 sectors in the s&p now, about three of those sectors have heavy weights in tech and tech like stocks and innovation, growth, and disruption and those are information technology, communications services and consumer discretionary those three alone make up about half the market cap of the s&p 500 and i think in all different k ways, they've all been moving. this bubble that we think is present in markets today even after this big correction. that's big risk. something we've been writing about is where do you go for diversification if everybody's portfolio is heavily concentrated and everything out there is heavily correlated unless if you want diversity education, you have to proactively put that into your portfolios by reducing your -- just from a pure, prudent portfolio management perspective. >> last time we saw you was january 18th, i think, and then you s

>> well, when i look at the chart of clorox and put up a very long-term chart going all the way backptrend in that particular stock. we have also seen over the last 18 months we've been in this downward trending price channel making a series of lower lows and lower highs. the relative strength of the s&p has also turned lower. it's up today. but for me this is not a stock i want to be buying in this market this is a stock for me that i would like to be selling at any sort of break below the 145, 150 range. it's going to take a big move above 173 to reverse a longer term downtrend this is one of these stay-at-home stocks where i think it's already burst and it looks like we'll get more downside in this even though it's up, i'd be using this strength to be selling clorox shares. >> very interesting. countertrend move on that one. craig, thanks so much for your time today we appreciate it. >> thank you. >> craig johnson. >>> up next, uber shares falling about 7% today, off 42% so far this year. so will its cost-cutting strategy help turn the stock around that is next don't forget, "powe

unlike that clorox ceo she's like 30 years old. >> she's doing well. organic growth brand-new charcoal david, lots of different wipes. >> let's take a break. >> no. >> yes >> we haven't even talked about shopify. >> we're going to next in fact, it says it right there. when we return, a rough start for ebay and shopify we will fill you in. >> musk? >> she's 42 years old, the ceo of clorox. >> it doesn't matter >> of course it doesn't matter i think it's good. it makes sense to me she could be in the job for 20 years. there's look at futures. you'll always remember buying your first car. but the things that last a lifetime like happiness, love and confidence... you can't buy those. but you can invest in them. at t. rowe price, our strategic investing approach can help you build the future you imagine. for investors who can navigate this landscape, cleveraging gold,d a strategic and sustainable asset... the path is gilded with the potential for rich returns. (vo) verizon business unlimited is going ultra! get more. like manny. event planning with our best

you tweeted this out and you can incorporate what you think of tom's take on the markets is that clorox and nvidia traded the same forward private equity. and i think that encapsulates the market we are in you wonder if nvidia should have been at that level and if clorox is overvalued here how do you think about that? >> strange, right? in the short term it doesn't matter it's going to get bought if the market continues to behave this way. i thought it was interesting you kcan make an argument that nvidia trades 12 times sales now trading at the same forward multiple as clorox i think is interesting and speaks to what tom is talking about which i think is buy quality growth stocks in this environment i think what he believes is that you are going to see a peak in inflation over the next couple of months. the market will start to re-rate what they think the fed is going to do, and then people are going to start to open their eyes to relative value plays like that whether it's next week, wlits next month, and whether these stocks have more downside to go, like i said, no one's going to ri

con las bolsas glad con clorox, todo está bajo control con tu basura. paÍs. reportera: con sarcasmo se refiriÓ a lo publicado por la revista tv notas en donde aseguran que su hija es rebelde y fiestera, por lo que le cuestionamos al bombÓn asesino cÓmo estÁ su relaciÓn con su hija. ninel: tiene 25 aÑos, a estas alturas no bastan en rebeldÍa, ya se tardÓ. a su edad ya la tenÍa a ella, es una mujer, es un adulto y es una niÑa super talentosa, que no le gustan los medios, que no sabe tal vez como manejar a ataques infames, ahÍ estoy yo para apoyarla y respaldarla. reportera: ante la reciente publicaciones de sofÍa en la que habla de narcisismo y que se tomaron como indirectas a ninel, se leÍa lamento que tuvieras que convertirme en el villano de tu historia para permanecer en la luz y mantener a los espectadores en la oscuridad. ademÁs de un corazÓn roto en una foto de sofÍa con mamÁ. ninel conde dijo... ninel: ese tipo de situaciones obviamente es difÍcil que las sepa manejar porque es algo que yo que soy un viejo lobo de mar, de pronto me desequilibrio,

just yesterday, clorox, that cleaning company, the staples company missing estimates because of higherrices. in this environment, where inflation is so key to earnings, how you distinguish the winners and losers when it comes to that impact. >> well, the winner, the ones that have pricing power. if you are like clorox where you don't have a lot of pricing power, you may unfortunately be on the loser side but on the other end, certain luxury companies are quite well protected in the sense that they have a lot of pricing power. dani: really great to speak with you. chief investment officer. now markets continuing to react more hawkish central banks. just in the past hour, we had the rba decided to hike rates more than expected. come up, we're going to speak about that more. the european energy ministers discussing a potential shortfall in gas supplies. we'll speak about european energy and the u.s. energy complex as well. wti rent down .1%. this is bloomberg. what's it like having xfinity internet? it's beyond gig-speed fast. so gaming with your niece, has never felt more intense. hey wh

yesterday's big upside reversal and corporate earnings include disappointing guidance from estee lauder, cloroxnd others. our road map begins with advice for fed chair powell, look for another job. we'll tell you who said that elon musk continues to look for helping in paying for twitter, and shares of el falling we're going to start with the markets on day one of this two-day policy meeting this is what paul tudor jones said about chair powell on squawk about an hour ago. >> what would you be telling jay powell right now >> i would be saying look for another job. i think this is one of the most challenging periods ahead for the federal reserve board in its history. >> went on to say, jim, can't think of a tougher macro environment for stocks and bonds and that inflation is going to be harder to handle down the road. >> look, i think that the idea of looking at the s&p and deciding that maybe it doesn't work is great if you're a billionaire. i'm on cotara, i'm on devon, diamondback, great hejs, oil companies, all very well run, all give me between 7 and 9% yield. if inflation ranges, you'll get

even and general mills up 2 or 3% and clorox had a tougher pandemic hang over but these are the places people are going to hide >> hi, kelly >> the president of the european counsel is the latest western with leader to visit the country to show support. it toured odesa with ukraine's prime minister and saw a building damaged by shelling a senior u.s. defense official again characterized russia's military efforts as incremental and somewhat anemic. the prime minister of sri lanka has resigned after weeks of protest. this was set on fire after those unhappy with the worst economic crisis in decades. they want the company's president out too. he is the prime minister's brother. >>> and in boston, celebrity chef mario batali arrived for the first day in trial connected to a 2017 allegation of sexual misconduct while taking a selfie with a female. batali's waved his right to a jury trial a municipal court judge will decide the case. tonight how new york state is getting ready for a post-roe america. 7:00 eastern time. >> thank you very much see you then >>> still ahead three names getting r

clorox is chlorine, that sells for 27 times meta platforms which will begin the trade saw its stock get obliterated last week when the parent of snap chat missed its quarter. snap, oh, the indignity. the stock is trading like the whole meta verse thing is one big joke at this point you're thinking swrooky at the plate, at the bat and mighty zuchy has struck out. before you pooh-pooh the meta verse let me give you a heads up even if you don't trust zuckerberg some of the smartest guys in the industry bet big on this thing i'm not going there. some of them are too expensive and i think the acronym is moreuseulousful. let's take an underrated name, google let me tell you something about what google really is. forced to do so under federal rules you cannot own both a liquor company as my wife does and own a bar as i do under something called the tide house rules where companies that make liquor aren't able to sell it in an establishment we have to figure out what kind of advertisements give us the best return. hey, free beer, never a loser. but hands down it's google because people google e

clorox, the biggest decliners there, talking about declines in clorox's case of almost 5% speaking of decliners, cisco down sharply as well, down 14% in fact, making it the worst stock in the s&p the dow and the nasdaq 100 that's after cutting its forecast in its earnings last night. and finally take a look at some of the other cloud and enterprise names, datadog, okta and zscaler putting together a rebound. there is the monthly performance. you can see what a tough slog it truly has been now the yield on the ten year is much lower again today yesterday morning it was over 3% we are at 287 right now as investors watch the fed for any clues as to how they will combat inflation. kansas city fed president george striking a forceful tone >> i think we will succeed in bringing down inflation because we have the tools to do the heavy lifting on that as it relates to demand. and we do see financial conditions beginning to tighten. so i think that's something we'll have to watch carefully. it's hard to know how much we'll be needed to make that happen. >> on that note let's bring in our own s

>> yes so, it's a we own clorox in our dividend strategy.e growing their dividends and even though they're cutting their earnings, this is a classically defensive stock. the challenge will be that it's a bit over priced relative to its average pe however, we think over time, that fixes itself. we think it's a price problem, not an earnings problem and not a demand problem to extent they continue to provide great income and right now cash is king cash is what you need in this kind of an environment that's really where you need to be >> quick follow up to that there are obviously a lot of dividend etfs out there. would you recommend a broad-base strategy as opposed to an individual name? >> you to a broad-based strategy but you have to be careful what kind of dividend strategy you're leaning into because there are high yield dividend strategies and they tend tabe very value oriented and then there are dividend growers that participate in growthier names with with higher dividends and robust earnings. we think that just playing the cheap names

charles: to that point, david nelson, i look at nvidia and i look at a clorox.lorox is more expensive than nvidia. by the way staples the only sector in the red today. i tend to agree with david bahnsen of this idea of a perfect capitulation, they ring the bell and we all jump in to live happily ever after. i don't think that is going to happen. >> i think david is right. i will peg on into that. i'm in your camp. i wrote a piece about this yesterday. i think the bottoming process, and it is a process likely already started but markets don't have to be binary event, i'm in, i'm out. the tape is telling us where to go. i think investors will be forced to unlearn a lot of what they took for granted over the last decade. like it or not, when rates rise valuation matters. even today, some of those very high multiple stocks out there like shopify and datadog, last time i looked they were struggling today. to david's point. materials is the leading sector today with earnings acceleration strong, free cash flows, financials strong behind. charles: bahnsen, energy, top

clorox says it will increase promotions if cheaper brands keep ending up in carts.st deal, he says use unit pricing, switch brands or buy store brands if they're cheaper and use coupons to shop. make a meal plan and stick to your list to stay on budget. why would a company opt for shrinking a product instead of raising prices? research shows consumers are a lot more sensitive to price hikes. we're more in tune with how much something costs than its weight. so it's a way for companies to save without spooking consumers. back to you. >> thank you so much for that reporting. that's going to do it for me today. hallie jackson picks up our korj next. hallie jackson picks up our korj next our bottles are made to be re-made. not all plastic is the same. we're carefully designing our bottles to be 100% recyclable, including the caps. they're collected and separated from other plastics, so they can be turned back into material that we use to make new bottles. that completes the circle and reduces plastic waste. please help us get every bottle back. (grandmother) thank you fo

. >>> remember when the shelves were bare of clorox wipes?t's baby formula, going on two months and getting worse. reached out to cvs and walgreens, said it's supply chain issues and they've had to set limits for purchase. >>> preserving a gigantic piece of bay area history. google kicked off present to restore hangar one at moffitt field in mountain view, navy built to house warships. local leaders gathered to celebrate the project, among them, congresswoman who worked hard to save the hangar. >> we saw the opportunity for a national model of a public/private partnership to preserve, protect and advance. >> google and nasa working together, this restoration is expected to be complete in 2025. >> not too bad. >>> back in a moment with >>> okay, are you ready? memphis grizzlies have arrived in san francisco. >> they're here. >> they're here. now they're going to be booed, probably, loudly tomorrow night at chase center. and we're on the eve of game three. think it's going to be nasty. >> i think it's going to be crazy. who is watching closely

clorox is 36 all the rest are in the 20s. >> it's part of the argument that people, guy makes it all time that now that apple is a value stock, it trades at a glows stock multiple and it really does look like a consumer staple. a lot of people kind of put it in that category it is not immune to technology kind of secular shifts, that sort of thing. but again, if staples are going to have all of that overseas exposure you got think all right, what's going on in europe are they going to be in a recession soon enough? we know some of the issues there are just worse than they are here, and we don't have a lot of great visibility on when that war in ukraine ends. so to me, i think some of those staples that do get a loft exposure from europe, i think that's probably a tough trade at this valuation right now. >> so i think about sort of a derivative of that, a walmart or a target that walmart has some overseas exposure. but the majority is in the u.s. where they have costs that are in those foreign currencies. so that's a benefit to them. so i kind of like walmart here i like target here f

con las bolsas glad con clorox, todo está bajo control con tu basura.me han dicho gordibuena y me siento bien. reportera: aplaudiÓ el reciente cambio que tiene su hermana que se sometiÓ a tres cirugÍas estÉticas. chiquis: se ve muy bien, la admiro mucho. la veo y me inspira. reportera: el prÓximo 26 de junio estarÁ de cumpleaÑos por lo que quisimos haber si de regalo pedirÁ o se comprarÁ alguna joya cara. chiquis: no soy tanto de las joyas, prefiero invertir en un negocio, pero me irÉ de vacaciones. reportero: con novio o sin novio? chiquis: estoy viendo se hago salida de loca o me voy con el novio. reportera: varios homenajes se avecina para la diva de la banda y aunque los rivera continÚan con discordias familiares , serÁ que los hijos de jenny preparan algo en especial para recordarla? chiquis: estamos en eso como tengo unas cuantas ideas ahÍ. habÍamos pensado tambiÉn un documental pero mi hermana se estÁ encargando ahora si que lo estamos viendo y tenemos que hacer algo. francisca: bellÍsima y ojalÁ que las diferencias se queden a un lado para segui

. >>> well, remember when the shelves at the local stores were bare of toilet paper and clorox wipes a bunch of other things? now it's baby formula. across the bay area and nation, parents are having trouble finding baby formula. this has been happening for a couple of months now, and it's recently getting worse. we reached out to cvs and walgreens. and they tell us it's because of supply chain issues. the shortage has left several family members struggling, especially those who rely on a certain brand. >> especially if they are a child that has a very sensitive tummy, like him for instance, some soy and home milk can hurt their tummies. >> this is challenging. cvs and walgreens say they have now had to set a limit of three cans of formula per family per purchase. >>> well, here is a cool story. a bay area landmark is getting a full rebuild. hangar one at moffett field is in the midst of a multimillion-dollar makeover, and google is in charge. you've seen it right off 101 in mountain view. today we got a look at the work happening there at hangar one. it's not a quick fix here. this

con las bolsas glad con clorox, todo está bajo control con tu basura.or doctores para los que tienen presión alta. para saber si tylenol es para ti, habla con tu doctor. crest presenta. para su sleepover. tylenol es para ti, ¡gracias, mami! ¿¡qué buscas!? mi crest, así no usamos esos cepillos nuevos con esa pasta vieja de abuela. ahí me di cuenta de que tenía que cambiar a crest. cámbiate a crest. es la marca número uno de pasta de dientes en estados unidos. [mÚsica] karla: felicidades a esta muÑeca datmond chantal del real se estÁ graduando en el paso texas, muchas felicidades. alan: tiene la misma edad que mi hija que tambiÉn se estÁ graduando, muchas felicidades. como tambiÉn de estas imÁgenes aquÍ se hace yoga en verano a las 7:00 de la maÑana. karla: el insiste. [risas] alan: venga para acÁ para el vidrio. karla: no me vuelvas a hacer que me caiga. vamos a hablar de christian nodal, resulta que anda ahÍ como que estrenando amor y nos platicÓ del vicio que todos tienen y nadie sabe cÓmo dejarlo. dice que todos lo tenemos y que no sabe cÓmo dejarlo.

prioritizing earning over learning delayed school >>> clorox expecting lower sales for the quarter. cited higher costs and commodities and manufacturing as well as logistics. >>> employees at amazon warehouse on staten island rejected the union effort one month after the fulfillment center was the first to unionize 618 against to 380 in favor. results still need to be certified by the nlrb. the amazon labor union representative will challenge the outcome. possiblitive news in one case fr ae amazon, but not so >> this is another issue if you look at the vote far more voted against it than for it far more people didn't vote than people who voted for it. there are 1,600 employees there. this is where it will come down to the line. all of the national headlines and riding on a few hundred people again, apathy is the biggest vote it is time after time almost more people don't vote than vote in some of the elections they have, too. >> what do you do? do you think a non-vote is a vote against the union or for the union? i look at a non-vote as likely against it than for it it is not really

gxo, because i care about logistics, and remember when i said that clorox is so bad, so, the stock ishe's getting her arms around the problem. it got to the point where people wouldn't even drink clorox. >> don't do that >> yeah, we can't make jokes about it. >> don't do it >> joke apology, joke apology. >> i'm fed up with the market. like with my wife, i did a joke about my wife in front of -- you know -- -- she says you had to say that i said, what was the matter? >> we'll see you at 6:00, jamb >>> when we come back marriott's ceo in a moment. [sfx: street ambience] ♪ ["fly me to the moon"] ♪ ♪ ♪ imagine a community where millions share ideas and trade stocks, crypto and beyond. to the moon? in other words... etoro.the power of social investing. fortitude gold producing high grade low cost gold in other words... in nevada usa. a gold investment delivering monthly cash, dividends and substantial yield. fortitude gold. (vo) verizon business unlimited is going ultra! get more. like manny. event planning with our best plan ever. (manny) yeah, that's what i do. (vo) with 5g ultra wideban

i don't know if all three of those are too extensive, but clorox, adobe, nvidia have the same right nowere any technical lines, any assets he are looking at? it was interesting, we saw commodities get caught up in the selling, bonds becoming behaving trade. what are you looking for in catching up where it goes? >> >> i was watching the 5-year note when i woke up, it would be proxy for the terminal rate comes up to 310 and the yield started plummeting, i like that. maybe that is a little bit of a flight to safety. the oil traders down, maybe people are starting to sell things are doing well this year. that is important, capitulate toward to me, that 5-year note, i want to know that the rates are three or less, i need that stabilize. i look at -- i equal wait them to take out amazon and tesla, that is what my friend calls when the best treasuries in the world. risk on, risk off. it has not yet, discretionary over staples equal wait is a good proxy for risk. i need that the find a bottom. caroline: love how you push us, thank you. that does it for this edition of "bloomberg technology." we

companies at a low price, i was looking at in video, and -- nvidia, and it is trading cheaper than clorox so i think not all tech is the same. i am certainly not suggesting to go into tech but you have to be selective. alix: currently, the top forming socks -- stocks, occidental, that is how you are going to position somewhat in terms of inflation. do you want to be investing in those or do you need to be buying the beaten up apple and google, they are not going to lose their revenue like her vona , but have been beaten up quite a bit. -- like carvana, but have been beaten up quite a bit. elizabeth: you have a long-term high-rise in these like nvidia and some trading at 14 times, google asbestos alphabet trading at 18 times. there is availability but overall i continue to think large value outperforms. guy: in terms of the multiples you have been naming, clearly not all tech is the same, but ultimately tech has benefited from higher multiples because rates have been superlow and been there for a long time. we talked to a guest who was suggesting that if rates stay at an elevated level fro

but then i have clorox, they're doing well but, i mean, when you look at the race of the bottom on the- on the grills, wow i mean, obviously, i'm going -- my friend jim stewart is going to be at the party this week, and i got a traeger and a weber. i don't know i'm probably going to end up building a fire, melt those darn things traeger, i'm looking at my -- i'm looking at my trades manager. he's like traeger, weber it's a race to the bottom. look at them they're unbelievable >> yeah. >> what are you going to grill with >> i'm not kidding i look at these things and say weber was a good company everybody -- what, david you like the one -- what do you use when you barbecue? >> i'm back in covid i got my -- i'm looking at that thing i had outside that used to keep us warm -- >> you have covid? >> yeah, yeah. >> i'm out of here >> actually, i probably don't have it anymore. i've been on medication for four days i feel great >> thanks for giving me covid. i gave it to carl. it's something you give to people. >> i didn't give you covid, thankfully. >> i've had four shots and i had omicron. >

. >>> clorox with a profit on stronger than expected sales growth the company cutting profit outlook cites rising commodity and shipping costs >>> finally, devon energy. profits rose four-fold in the first quarter with surging oil and gas prices it is increasing the buyback plan and boosting dividend shares up 2.5%. >>> still on deck, why elon musk is looking at places other than his own for funds to bring twitter into the personal portfolio of companies we'll explain. stay with us >> announcer: today's big number $1 trillion. that's how much goldman sachs expects s&p 500 companies will spend on buybacks this year. that would represent an increase of 1 or 212%ve20 ink healthier looks like? cvs can help you support your nutrition, sleep, immune system, energy ...even skin. so healthier can look a lot like...you. cvs. healthier happens together. >>> welcome back to "worldwide exchange." let's get a check of the headlines with frances rivera in new york with the latest good morning, frances. >> frank, good morning new mexico has homes evacuated as wildfires are spreading the blaze torch

among names reporting after the closing bell clorox and expedia and mgm and ballots will be counted inuse union election today this follows the vote after the filming center in staten island where workers cast ballots in favor of the union. >>> let's get back into the market and some looking for reaction after the selling in april. jon najarian of rebellion is joining us jon, thanks for being here >> thanks, frank they have been buying and purchasing puts all the way down in the spy, which is the s&p 500 mini contract as well as the iwm. they have been buying, buying, buying we haven't frankly seen volumes like that in a really long time. especially consistent ly, frank. those are big purchases in the iwm. >> i was looking at it needless to say, bearish signals from people in the marketplaces bets against the market. the vix is spiking is there a direct relation with the volatility tovestors want te bets >> you want the vix to break a little bit like a fever when it breaks. that would be the amount of purchases they are making on puts which is the down side bet or protective measure th

you're seeing the likes of clorox and procter & gamble and kimberly clark all getting hit on the chin today because inflation hurts. you literally cannot pass the buck. someone and everyone ends up paying for it. >> is there a way to inflict when the inflation will ease? >> i was thinking about jerome powell who yesterday asserted i have my eyes focused on inflation, even above joblessness or this volatility that we're seeing here. you could see the economy plunge in a way, the market plunge in a way that it takes the air out of inflation. it almost does the fed's job for it. we're at north of 8% inflation and i realize that's looking in the rear view mirror but that is the number on everybody's mind right now. >> tube stocks and benefiber, i don't know what you're doing at home but i'm afraid to ask. >> i'm being a dad, being a dad. >> and lawmakers will take on the baby formula crisis tonight with two bills including a $28 million aid package proposed by democrats. in tennessee, two children were hospitalized because they could not find the specific dietary formula they need. jo lin

it was an expectation much like maybe toilet paper or clorox wipes and hand sanitizer, it was going tohere, i wonder what can be done about it. if they have gone to great lengths to shield from liability, what is the intention now that congressional committee will do something about this ? we start with rarpegard to the prices that have gone up and up. meat prices have gone up by double digits. upwards of 20% in most cases. input cost or the cost of doing business for the meat packing companies has gone up somewhat. they have enjoyed net income growth of 500% over the last couple years. the bottom line is they were ignoring worker safe conditions. they were making all these false claims about a shortage of meat and so forth in the pure ssuit profits. those profits were huge. it's partly an out growth of their influence with the trump administration but also their market power given that basically four companies control the vast majority of the meat processing industry. >> congressman, thank you. we'll follow this. we'll be right back. ( ♪ ) ( ♪ ) ( ♪ ) ( ♪ ) ♪ ♪ ♪ ♪ introducing the all

everyone is watching is the boring old consumer sector which was boring and hasn't been recently clorox39 in two days that's an awful lot, folks kimberly-clark 128 or so these are low beta stocks. they don't move very much and that's why people are startled by the moves in the last couple of days. big pharma, the last hiding space. merck was at a new high just a couple of days ago a little bit weaker and i wouldn't say dramatically so and this group is holding up well overall. the best call of the day, citigroup talking about the railroads lowering the ratings on the railroads and weakening going forward and this is what they should be doing talking about lower earnings and it is up 9% this year. they're way too high and city is making a call. meantime, the metals have been bouncing and they've been a little more stable in the last fewdays and that's because the news out of china has been much better about what's going on in shanghai and they're trying to re-open shanghai at this point and that's been a help s&p 500, just remember the intraday low and last thursday, 3858, who knows? we

sector even though it was the best performer last months, kroger and heinz, although estee lauder and cloroxe been dragging the sector lower and you have to be stock specific how can you pick through the names of this classic defensive sector to find and stick with the winners, those companies that have pricing power. let's bring in nick modi i'll start with el, hopefully they're on your list you would expect estee lauder of all companies to be a classic case of pricing power. what happened here >> absolutely. they'll be reporting tomorrow, actually the reality is they have a lot of exposure to china so when you think about lockdowns happening, that's obviously going to be a weight on their top line, and we'll probably hear that from them tomorrow, but the stock has corrected way more than i think earnings will correct, and i suspect what's happening in china will end up being transitory and we should start seeing the growth resume once the china situation resolves >> that would be a name you're more constructive on even though it's been on the red what about codi, sort of sticking with the

. >>> if you still feel guilty about all of that toilet paper or clorox wipes you hoarded in the earlyemic, that is nothing compared to the schemes some health care companies and contractors were run to go get rich during one of the darkest moments in american history. it was back in those early days of 2020 when the u.s. government realized the national stockpile had only a fraction of the lifesaving equipment needed -- masks and gloves -- that were impossible to find and desperate the government shelled out big money for companies to provide them at a steep markup but shortages persisted. why was that? in the brand-new book, reporter david mcswayne spent over a year on private jets and in secret warehouses getting to the bottom of all of this. david, great to have you with us. we appreciate it. in this book you talk about a fraudster who has paid tens of millions to supply millions of these n95 masks we were all desperate to find throughout the pandemic to the department of veterans affairs, and yet they never produced a single mask. where did all of that money go? how is that even p

them at discounts to the broader market, i think that will prove to be a better idea than buying clorox or whatever is up 3, 4% today for some reason. i'm probably getting a little more optimistic on semis >> you just think too much damage has been done in that group? it's very cyclical weren't you a semiconductor analyst in your prior life >> i sure was, sara, back when we met a long time ago i just look at these businesses and think the world can't exist without them, whether it's semi caps or semis. the challenge is they are overearning and things are rolling over what's in the price is probably the next trough already. if you're willing to be patient and are an investor, i have no idea what things will bring in the next three months but if i wait one or two years, i'll sell them at higher prices. >> i'm curious, jason, what you think. i don't think you're touching anything in technology, are you, at this point? >> i want to be really careful, sara it all comes down to quality, balance sheets and cash flow as adam talked about. in my opinion, i'm not particularly worried about the ea

costcos of the world but powell needs to tighten fast, unless more companies need to raise prices like cloroxnt the blame game to ending it gets no, where it's not constructive inflation will not burn itself out on its own, there must be pain let the pain come from making it too expensive to buy expensive things powell needs to act quickly before all the savings gets eaten up and there will be serious layoffs. i've always admired jay powell's gradual data-driven approach, but there are moments when time is of the essence and this is one of them. it's like having a tooth pulled. you want to get the pain over with as fast as possible i'd much rather they raise interest rates by 100 basis points tomorrow rather than two the next couple of months because inflation is never going away by itself it needs to be killed off and killed now i like to say there's always a bull market somewhere. i'm jim cramer, see you tomorrow the news with shepard smith starts now >> the alabama jail escapee and the jail boss turned girlfriend accused of helping him escape captured together. i'm shepard smith. this is t

the clorox beach, they really increased their prices. i was talking to a friend of mine. i said, i need a job. >> reporter: she retired 20 years ago after spending two decades in the navy. but we found the 67-year-old in florida starting the job hunt all over again. >> my rent has gone up. it has gone up considerably. and my retirement pay is not in line with the rent increase. i pay my taxes, i served in the military. why am i struggling and have to go back to work right now? >> reporter: back to work, just like the nearly 1 1/2 million retirees across the country over the past year. >> we have seen a surge in people returning to the workforce in retirement. >> reporter: jeff huber is a ceo of home instead. the company provides in-home care for seniors. >> we have seen a 14% increase care professionals aged 6255, and a 50% increase care professionals over the age of 65. >> reporter: one of those employees, nailah hill in colorado. a dental hygienist for 37 years. job stress during the pandemic led her to retire and created time for her to care for her ailing mom and brot

but there is so many stories, this is a president who publicly suggested that people drink clorox during, you know, during covid. so in a way it is not surprising what went on behind the scenes, because we saw enough stuff that went on in front of us. but you'll have to ask yourself a question, the 25th amendment, to get rid of a president, very difficult thing to do, needs cabinet approval, excuse me, vice presidential approval, et cetera, and you read this and you go, where is the protection here? where is the protection for the american public? and there seems to be really none. >> he argues that he was part of the protection, which is yes stayed even though -- >> that's the rational, right? >> one of the examples is where he said he was worried that trump could use the military because obviously trump's the commander in chief, he could use the military to seize ballot boxes. and that goes to esper's talk about people staying trying to preserve control, trying to sort of run interference on that stuff. what do you think about that revelation? >> it is not surprising. he wanted to use

it is names like kellogg, clorox and kimberly clark and campbell's soup, names like that over the course the fact that the market has fallen off. it's not even that they have fallen less than the market. they're actually winning in an environment where everything else is falling by the wayside so that's the consumer staples trade. not a surprise there what was interesting was to dig a little further and take a look at some of the other stocks that have been doing well over the last week. financials, but not the banks. it's the insurance companies take a look at these performances over the course of the last week. cigna corp health insurance up 5.5% to 6% cincinnati financial up 2.5% big insurance company in the s&p. and then travelers, a dow component, up about half a percent as well. so in an environment when you've got tech stocks falling 6, 7, 8, 9, 10% in a week, actually having green performance for consumer staple stocks and insurance companies may be one of the places where the market does hypothetically take another leg lower and there's a near term precedent for some of that out

clorox for instance, trading at 74 p-e ratio, historically yeah, that is where you're supposed to gout gets more complicated when everything is down, doesn't it? >> it does. you know recently we would agree with david, we did become a little more optimistic on more classically defensive sectors of the market. when we think of it that way, we highlight health care, consumer staples like you allude to the but even utilities as well but the backdrop at large for value is still very strong. typically when you see inflation above 3%, we're well above now typically value performs well. even if inflation comes back down if we expect it to, 3% cpi, is still aways off. so we still believe value could be a place to stay. something i would also highlight, the question where do you ride out the uncertainty, bonds, for once in a very long time are actually doing what they're supposed to do. you look at month of may, stocks are down yet again. bonds are actually up. what a concept. it was painful to get to this point but at least the bonds are acting as a hedge in a portfolio. charles: it is inter

clorox kaiser permanente supporters say this proposal would generate $22 million a year for the city will providing tax breaks to more than 20,000 small businesses. tonight more than 7400 graduates from san francisco state university's class of 2022 will walk the commencement stage at oracle park. last night graduates from the classes of 2020 and 21 were honored. this was the first in person graduation ceremony and more than two years because of the pandemic. it was the first in person ceremony for the university president lynn mahoney, who joined the university in july of 2019. this is a historic day. we have waited a long time for today's summit. several ceremony it is my greatest pleasure to say for the first time ever in person, congratulations to the classes of 2020 and 2021. tonight california's lieutenant governor , eleni quinoa, lakis, will give the commencement speech. researchers say that drivers may be a little more careful when they're behind the wheel of a tesla. their study found. the crash rate was 91% lower for a person driving a tesla compared to that same person dri

high dividend picks. >> clorox is a little lower about 3.5% with the great grover.arted buying recently. what's the next one. that is another bank that's come way down, that is a higher dividend yield, great growth, not all the same risks that the big megabanks have. stuart: what is the yield, it is in the high threes and growing quite a bit. stuart: you are right, i always make the same mistake is not the high dividend payers, they are growing. >> you lead that with inflation, you want to keep your income growing with inflation, you want growth and income and growth of income. stuart: the last one is verizon, big-name. >> that the 5.5% payer the stock is down to eight times earnings unlike at&t no risk of them cutting this dividend by the at&t they are not buying time warner and other stupid things they've a great balance sheet but it's not a great growth market verizon is a deep value play, 5.5% yield. a great value play. stuart: the stock price i know for a fact is depressed at 40 cents. it's been in the 50s. we had to send a lot of money to build out 5g it takes

we saw that with the n95 mask, clorox wipes, toilet paper, and now we're going to see it again this time with fuel pricing and food pricing, things of that sort. should there be criminal price gouging statute? >> this is a matter of huge debate. i trust in economics, i'd like to hold off on that. our staff would be happy to work with -- >> what constitutes you all, basically taking, under your surveillance if you will, acceptable prices for scarce products? what constitutes acceptable price for scarce products? >> for us, the questions are unlawful agreements to fix prices, and exclusionary behavior by monopolists and near monopolistic. if we're in those circumstances, if they exclude competition, that falls under the antitrust laws, and likewise agreements on prices between competitors. i want to follow up also on senator collins concern on the opioid epidemic. myself and senator -- the state of west virginia, we've been number one, as far as getting slammed with this. can you speak to the status of doj's current efforts to curtail the opioid crisis, including the appalachian regional o

it's not -- look, the only ones that people are buying are, say clorox, they came on the show and said listen i am looking for a july price increase. the stock went up. if jay powell recognizes the only good earnings are only from companies with price increases we are done. stop predicting what they are going to do and be more data dependent. a lot of people tried to buy the anticipated bounce in cpi. but that amount of money lost in lordstown alone -- the amount of money people have lost is just so tough. >> it is, it is. a lot of the charts we talked about, down 90% is no longer uncommon. >> no. and a lot of cathie wood names. >> thank to david facebooker with the news he broke over the weekend regarding rivian which we will watch today when we get to the opening bell in just over eight minutes of don't go away, we will get cramer's mad dash as well with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. a

the new measure would affect large employers such as pg any clorox and kaiser permanente supporters sayosal will generate $22 million a year for the city will providing tax breaks to more than 20,000 small businesses. tonight more than 7400 graduates from san francisco state university's class of 2022 will walk the commencement stage at oracle park. mm. last night graduates from the class of 2020 and 2021 were honored. it was the first in person graduation ceremony and more than two years because of the pandemic, and it was the first in person ceremony for university president lynn mahoney, who joined the university in july of 2019. this is a historic day. we have waited a long time for today's similar summit several ceremony it is my greatest pleasure to say for the first time ever in person, congratulations to the classes of 2020 and 2021. tonight california's lieutenant governor, lenny qanon. lakis will give the commencement speech. i just sort of understand how people could sell that type of a gun to a kid. 2018 year old. like what is he going to use it for grieving families and tex

let me show you, clorox, altria kimberly clark it's 127 today, a big drop these are low volatility stocksle have been hiding out. the consumer staples falling apart, a little bit of weakness, merck was at a high two days ago. big story today is the citi downgrade of the railroads i think they had the right call on this. we've talked about the fact that interest rate risk is kind of priced in but the earnings risk is not and the growth risk is not. i think right now what the market is starting to do with target and walmart, it's starting to address the real earnings risk out there not prized in -- fully -- not priced in fully is the growth risk out there. i want to show you the s&p 500 earnings quickly the estimates are 9% growth for 2022, that's an amazing number hasn't gone down at all, 2023, 10% growth. the market doesn't believe it's going to happen. they believe it's going to go lower. if it goes to zero, it implies the market should be 0 for the next few months. some of the inflation people want to say watch oil because that's an indicator, oil's gone from 119 to 106, 107, that's not