everybody is aware of diageo and are aware of it.distribute throughout the world. when it comes to diageo, we are interested in it because it is trading at discount. that is something you don't always see from the high quality strong advantage businesses over time with diageo, distribution is strong across the world. they will benefit from growth of emerging markets that has additional tailwind to the idea of diageo it is great long-term business to own. >> it sounds like you are looking for deals. a lot of people are bargain hunting. are you seeing catalysts for the big up side move >> we don't think about it that way. what we are doing is looking for great businesses and trading at a discount that is what we find in ferguson and diageo that is why we picked those to focus on today >> heather, thank you very much. >>> that will do it for us on "wlddexcngorwi ehae. "squawk box" is coming up next thanks for watching. are asking. is it possible? with comcast business...it is. is it possible to help keep our online platform safe from cy

diageo owns brands such asjohnnie walker, guinness and tanqueray.ations and said it would defend itself "vigorously". the australian mining giant say it underpaid workers across the country for 13 years. over 28,000 employers received less holiday than they were entitled to. 400 workers didn't get the additional allowances they'd earned. bhp says it reported the incident to authorities and the errors will cost the company up to $280 million. it's now more than three years since the start of the first lockdown in the uk, but many businesses are still feeling the impact of covid. a debt charity says that some small firms are struggling to pay back emergency loans taken out to help them through the pandemic. hannah miller's been finding out more. clients are back at this hair salon near nottingham, a far cry from when lockdown began and the money stops coming in. we had zero coming in and lots coming out. wasn't a case of the world stops for covid and businesses just stand still, everybody still wanted their money. we had a situation where it was borro

an attorney for mr coombs said diageo was trying to distract from his claims.bc, in rare interviews, that people in the uk are increasingly seeking their services to pay for essentials such as food and fuel. a new report suggests that the cost of living crisis is pushing more people into the hands of unscrupulous, or illegal money lenders. our business reporter lora jones, has more. i've got a warrant here. no, open the door. we'll explain what is going on as soon as we come in. as prices in the uk rise, officials are trying to crack down on those taking advantage of the cost of living crisis. in this case, illegal money lenders. with more regulation around payday loans and home credit, there are limited options for those who struggle to borrow money. it seems some might be turning to loan sharks, who offer cash loans without any paperwork, but at a price. notjust exorbitant rates of interest, but sometimes threats of violence. i wanted to understand how those desperate enough to use their services might be exploited, so i've come to meet d. he says he's an enf

diageo and legal and general are the worst performers on the ftse 100 today.cine: joe easton with the stocks to watch. odey, the hedge fund the news because of scandals in the last seven days but bloomberg has broken the stories of the last 12 months. they are now is in defense talks on rehousing some funds to other managers. this is just the latest after we know that the hedge fund also asked has been odey -- asked crispin odey to leave and a new person has been placed in charge. a bit of pressure across the board down .2% as we await the ecb. coming up, we speak to joe lonsdale who will be discussing investments in europe at the founders event. that is next and this is bloomberg. ♪ francine: welcome back to the open. 30 minutes into the european trading day and here are your top stories. >> it will be appropriate to cut rates at such time that inflation is coming down really significantly. again, we are talking about a couple of years out neared i think that as anyone can see, not a single person on the committee wrote down a rate cut this year. francine: fe

diageo has denied the allegations.ased a new product collection to celebrate the upcoming barbie movie, the new line matches what moviegoers will see in the theaters as they go through barbie land. a lot of new barbie and candles will roll out in various ensemble outfits , including a western outfit in pink. ken in beachwear, disco jumpsuits, additional products will be added as well. the doll collection is available at retailers nationwide. barbie, the movie will debut in theaters july 21st in the city of san jose. there are two homicides that we are investigating. city milpitas has one homicide. there investigating. one suspect is currently in custody. a deadly rampage, crime rampage at multiple locations leaves people on edge in the south bay. police say the violence is finally over. the senate votes late last night and passes the debt ceiling deal. the details on the measure, the president will sign into law and the address he is expected to give today from ktvu fox two news. this is mornings on two and it is 459.

i like diageo.onomy they are in the spirits business those products consumed in both situations i think it is attractive it has been weaker in this post-covid normalization environment. inflation pressure of a businesslike this with pricing power and you think about inflationary environment these companies invested in inventory for years. i think there is a lot of value there. >> diageo. maker of johnny walker and don julio. patrick fruzzetti, great to see you. thank you for the insight. >>> that will do it for us on "worldwide exchange. "squawk box" is coming up next thanks for watching. >>> good morning if you weren't paying attention, welcome to the new bull market for the s&p. that index up 20% now from the october lows we'll show you what's moving right now at just under 4,300. >>> gm is joining ford in tesla's charging network we have an interview with long-time tesla bull cathie wood. >>> and binance says it is cutting access to the system after the u.s. s.e.c. crackdown. it's friday, june 9t

goldman sachs downgrading diageo shares down fractionally this morning.ry for dominos. stifel raising the price target to $350. it will stabilize sales and continue carry out sales to the record level in the next year and oppenheimer lowering sofi rating stock more than doubling this year the compared to the s&p 14% gain shares of sofi down 5.5% this morning. >>> coming up, the one word every investor needs to know today, plus gundlach versus the fed. why more rate hikes from the central bank could spell trouble for the markets. >>> and june is pride month and cnbc is sharing stories with you. here is the head of kre. >> my advice is to tap into the power and uniqueness of your identity early in my career, i hid who i was at work. a queer disabled woman in tech it wasn't until i started bringing all aspects of who i was into the work i did where i truly hit my stride. don't shy away from bringing your whole self to work. incorporate it into how you approach work will propel you to grteheht ear igs. this is dr. arnold t. petsworth, he's the owner of petswo

he had been planning to retire at the end of this month menezes had been at diageo since the merger shipstation saves us so much time it makes it really easy and seamless pick an order print everything you need slap the label on ito the box and it's ready to go our cost for shipping, were cut in half just like that go to shipstation/tv and get 2 months free ♪ ♪ every single day, just businesses everywhere are asking the exact same question: is it possible? well... with comcast business... it is. is it possible to help keep our online platform safe from cyberthreats? so we can better protect our customer data? aww-yeah. absolutely. what else you got? can we use predictive monitoring to address operations issues? before they even exist? we can help with that. can we provide health care virtually anywhere? we can help with that, too. even out here. you, sir. something on your mind? is it possible to survey foot traffic across all of our locations? with wifi analytics? easy. order for nina! can i teleport our guests to their rooms? technically, no. or power thousands of mobile check-ins while thous

longtime diageo ceo ivan men easy zes passes away at 63. >>> china's exports plunged by 7.5% in may farto seasonality. >>> tesla's model three now qualifies for full tax credit. that brings the total models eligible for 2022. >>> shares of casey's general stores falls after a miss on earnings expectations with revenue coming in at 5$56.1 million compared to $58.9 million. >>> jpmorgan says he expresses confidence in china. citigroup as expresses confidence in china, vowing to continue operations in that country. >>> new york city's air pollution topped the list of the world's worst as smoke from canada's wildfires travel to the northeast, really all across the eastern half of the united states, prompting air quality alerts for tens of millions of people as far south as the carolinas and as far west as ohio smoggy and changing the describe to crazy colors. >>> back to the markets now. with the s&p 500 sitting at its highest level of the year, the nasdaq's run still going strong, but four days into the month and at least trading days, and one beaten down sector is starting to gain momentu

but he did say he feels diageo hasn't actually paid enough attention to his brand. end of the bargain and they haven't fully committed to it. even though they've put $100 million into the brand over the last 15 years that actually they should be doing a whole lot more. on the other side they've said that sean diddy combs have only put in $100,000 and they've done all the hard work. they've decided to part ways. again, it's not the first time we've seen the situation put out. the question becomes what happens to all that extra tequila? i have a feeling a few more people might be getting some sort of pay out or may need to be sold in one way or another. >> we get it. arabile, gumede, from cnbc we appreciate itch. >>> still ahead here on "way too early" we've got more details on the short-lived rebellion in rush off. we'll tell you what the president of belarus reportedly has to say about the weekend's revolt. we'll be right back with that. 's revolt we'll be right back with that. ♪♪ when you have chronic kidney disease... there are places you'd like to be. like here.