stocks that were up to all time highs, walmart, kimberly-clark, these are toilet paper and cereal stocks. that's what's in a bull market. >> mike doesn't like jpmorgan. wells fargo came out today and it is probably a better barometer of the financial sector. we can look at everything else in the world that matters. one thing i'll look at is yum. that's considered a proxy year for china. we've been terrified by china. china has 7% growth. something we would kill for. for china it's considered to be not that great. one final thing, vix got killed today as you would expect when the s&p is up 22 on a friday. last july the vix was in the low 15. don't think it can't go lower. that doesn't mean you sell it but it can go lower from here. >> i want to go back to the financials. i understand what you're saying. i'll take the other say of this. what they said about commercial loan growth and mortgage originalation, those are positives. at the same time we got a china gdp number that sets up for the next round of stimulus. >> i don't really buy a lot of what is going on in china, either. that econo

kimberly clark, 27% in the last year. p&g flat. their problems begin with emerging market exposure three years ago. seemed like good idea. now the mark receipts slowing and dollar is strong. that's not a good thing. procter raised prices in the last year. competitornot follow. company lost share. analyst i spoke to today also talked about the cost-cutting plan unveiled this winter. consensus, little too late. we will see you due to respond and save his job. there are two business units that could get sold. duracell batteries could fetch $3 billion. im's pet food about $4 billion. i'm also told cost cut king not come at the expense of eps growth. this would be a bit after risky strategy. also, duracell would need to find a buyer assuming could you find one. >> all right. brian shactman for us. we have about 50 minutes to go on the day on wall street. we are holding in the reins. s&p barely negative. nasdaq is down as well by about nine. >> fight over taxes in the fiscal cliff, just getting started here on this busy edition of "closi

walmart, kimberly-clark, general mills is near all-time highs. these are toilet paper and cereal stocks. that's what's in the bull market right now. that's not what is sick clickly sensitive. >> wells fargo came out today as well. wells fargo is probably a better barometer of the financial sether in general and now that we've gotten a bunch of the important financial names, we can look at everything else in the world that matters. one thing i'm going to look at is yum! for china, it's considering to be not that great. one finally thing, vix got killed today. you know, last july the vix was in the low 15s. so don't think it can't go lower. that doesn't mean you can't sell it but you can't go back. >> i understand what you're saying and i don't want to be poly annaish. those were positive on the broader economy. at the same time we got a china gdp number which was in line and sets up for a possible next round of stimulus there. >> okay. starting with the last part first, i don't buy what's going on in china. that economy to me seems like a tremendo

the guy sitting right here was the cio of kimberly-clark, an old friend of mine. so i asked him how many servers per employee he had, and he said we had 0.4 and headed for 0.2, proudly. ok, who do you think is sitting at 30 to one? facebook. would you think is sitting at 50 to one? for your technical people in the room, do you think they are operating inefficiently? no, i do not think so. furthermore, do you think that they are using all those servers to serve up web pages? no. right? these are truly information- power businesses. at the end of the day, my opinion -- lots of people may share this -- is all companies and that being information companies. all companies and of being software companies. i just did he know speech for a large german car company that you may know, that is clearly when you start realizing what they are trying to do, right -- it is really can we use all this cloud technology to takeoff structures down and across this down so now, i can change and 8% spent on a bunch of stuff that other people can go due to 80% i get to build applications,

that's kimberly clark which is a key component behind why the stock has increased for the year. the yield isn't as big as it used to be thanks to the high quality share price appreciation. i don't know about you. but i apply deodorant. this is a tough one. i use old spice. legacy of my grandfather. mother's father. not my dad's side. what a convenient way to wish my dad a happy birthday. happy 90th, pop. many happy returns. old spice is made by procter & gamble. [ booing ] which is a terrific company burdened with terrible management now. however, procter has a phenomenal dividend yield. well in excess of treasuries, even without the bountiful tax benefits obama wants to scrap. the stock is paying you to wait for the firing of wall of shamer ceo bob mcdonald who would provide the stock with a lift if he simply decided to resign and spend more time with his family. then it's time for a shave. what do i use? burt's bees shaving cream. it's natural. it says it. i like natural. clorox which has freely admitted it overpaid for burt's bees is getting its money's worth. we know the ceo

i can see kimberly-clarke being clipped because of the strong dollar. something you don't worry about with dunkin or hershey. it is slouching toward the 4% yield mark. consistency is hard with a cyclical company. if anybody has a shot at the upside it will be i.p., international paper. box prices are going higher. the acquisition is kicking in. i think it's a guide up, not down. and i would buy it ahead of the quarter. could be the trade of the week. we hear from one of the most consistent companies i follow until recently. celgene. we want a fuller explanation of the set-back. we want the big numbers they talk about in the ad years. stock has been on the mend. i bet we'll be rewarded for staying with it. i'm worried about 3m. reports thursday. i normally wouldn't have trepidation. such a fabulous company. the stock's been on a tear. i fear it's gotten too much risk versus the strong dollar which i fear will play havoc with the quarter. be careful. there could be giveback. normally fridays are sleepy in the summer. nothing sleepy about chevron and merck

kimberly clark, tremendous consumer package. good play. here is the problem with kellogg.don't seem to be able to do anything right. the last few quarters have been bad. they told a good story on "squawk on the street" and didn't have it. no to kellogg. [ sell, sell, sell ] mike in illinois. mike. >> caller: hey, jim. this is mike from chicago with a windy city boo-yah! >> well done. boo-yah back at you. thank you. what's going on? >> caller: i can't sleep at night. the mattress industry is driving me crazy. i decided to short select comfort. >> you're shorting it? we don't want to play in the mattresses. they are too hard. we try, we did analysis of one or the other. i have to tell you. [ don't buy ] that's the best adviceky give you. peter in new york. >> caller: hi, jim. my son and i appreciate you. we love your energy. >> thank you. big backers of rockland here. what's going on? >> caller: our stock is atrs, antares pharma. the revenue increased and they have several large license agreements with large pharmaceutical companies including teva watson and pfizer. what do

that's kimberly-clark, a brand so strong i think it's a key component behind why the stock has increased 15% for the year. the other, a 3.5% yield. okay. not as big as it used to be, that's thanks to the sharp share price appreciation. then, i don't know about you, but i apply deodorant. all right. this is a tough one. i use old spice, legacy of my grandfather. mother's father, not my dad's side. although what a convenient way to wish my dad a happy birthday. happy 90th birthday, pop. . happy returns. here's the conundrum. old spice is made by proctor & gamble. which is a terrific company that happens to be burdened with terrible management right now. however, proctor is a ton that will 3.65% dividend yield. even without the tax benefit it sounds like obama is ready to scrap. the stock is waiting for the firing of the ceo bob mcdonald who would provide the stock an immediate lift if he simply decided to resign to spend more time with his family. then it's time for a shave. what i do use? bert's bees shaving cream. because it's natural. it says it. i like natural. clorox, which is clearly

look at kimberly-clark and colgate-palmolive. they said emerging markets are still showing growth. we're seeing different companies having different responses here. unilever earlier. both outperforming the broader market. consumer goods, still selling it out there, sue. >> there you go. and we're all still buying it. thank you very much. >>> the trustee handling peri gunshot grine's financials are hired a forensic accountant. we'll talk live with the commissioner in a few minutes but first scott cohen live in cedar falls, iowa. scott? >> reporter: sue, cedar falls is still reeling from all this. not just the firm that was shut down but the italian restaurant that the ceo russell wasendorf opened. his suicide attempt unsuccessful is behind bars due back in court tomorrow. in his suicide note, he claims he created the mess over 20 years all by himself. using a combination of photoshop, excel, scanners and both laser and ink jet printers i was able to make very convincing forgeries of nearly every document of the bank. really? a couple of employees that worked in the i.t. department s

people like darwin smith who took over kimberly-clark committed to a great company was reserved and shy and almost nerdy. he said was just trying to become qualified for the job at the end of his tenure. we find some leaders are very charismatic and were great leaders our research like ann mulcahey who saved xerox. she had a very measured view of herself. i never expected to be ceo, she said. she had the burden of responsibility. like all the great leaders we study, she was constitutionally down to the deaths of her court constitutionally incapable of capitulation. what did we find? what did our data show? we found it is not so start as leadership or not but we saw it as a level of hierarchy. level one is individual capabilities and level two is good team skills, level 3 is effective punishment, leader foot -- level for is leadership. what we found of our greatest leaders, the ones to produce the results over time, they went to a different level. we can't call this level 5 leadership. -- we came to call this level 5 leadership. the difference between four and five is the true x factor o

kimberly clark has an amazing quarter. it's a share-take game. colgate, incredible numbers.eople feel emboldened by stocks like this because they figure, they're immune anyway. >> should we feel any less about the rally because it has been built on defensive stocks? >> a lot of people do feel that way. a lot of people felt that perhaps if the euro stops going down, we could reverse some of what had been this asterisk kind of -- if it weren't for the euro and the dollar, the numbers would have been really great. watch cloak cla. it's watch coca-cola. it's been a leader. me merck took over the leadership on friday. you don't want merck to be the leader. gilead and jell cnn were strong and amgen. and then starbucks blew up. it was a terrible quarter. >> but the leaders have been the companies that have been largely domestic, though not entirely. kimberly clark sells plenty of diapers all over the world and have a very significant dividend. we hit 1.55 on the ten-year. the yield is soaring. >> you can't own the ten-year because that's where -- everyone owns the ten-year. how man

prok are the and gamble and kimberly-clark are considering putting retina tracking devices in their storesically they are going to spy on you to see where your eyes go to help them figure out what you notice first when you walk in and then how long you actually stay on looking at a product, how frequently you come back to look at that product as well. all of this could give them results to help them determine what products they should stock, how to stock them and where to position them and package them because apparently that will show what you like best. >> you're looking at shoes i already know that. the minute i go in shoes and jewelry and i have to make a quick exit. >> this is the shopping genius over here. i have to take you with me the next time. >> have no idea what she's talking about. for an extended look at all our stories go to cnn.com/earlystart. >> there's major losses at jpmorgan between $2 billion and $9 billion. what kind of a blow will there be to the reputation because of these loss. in a few hours we'll know what the impact is on the company's bottom line and maybe find

bell we'll hear from exxon, 3m, your nighted technologies, boston scientific, colgate palmolive, kimberly-clarkmcgraw-hill a few of the names. >> sounds like a busy morning. in other news to watch a couple key economic release, weekly jobless claims tn at 10:00 the national association of realtors reports on pending home sales. treasury secretary tim geithner returns to capitol hill. it's official united technology selling three industrial products businesses to private equity firms. the price tag, $3.46 billion. they will use the proceeds to repay southeast short term debt needed to propose it's $16.5 billion acquisition of goodrich. a number of reports this morning suggests manchester united may delay its ipo due to a weak market. >>> let's talk about some corporate buzz this morning. standard & poor is tloelowering credit rating for duke energy. they are bringing back the old ceo warning it heightens regulatory risk for the company. j.c. penney set to cut prices next month and sell more noncore assets by the end of the year. the "wall street journal report"ing this morning that the retailer

compare the one year of p & g to rivals, kimberly-clark, pg flat, colgate palmolive.ars ago this seemed like a good idea. now markets are slowing and stronger dollar further hurting business. then there's the issue of pricing. proctor raised prices in the last year and competitors did not follow suit. the company lost share. now overarching all of this, cost-cutting. most analysts think the $10 billion plant over the winter was late to the game. all of this sparking reports of intensified pressure on ceo robert mcdonald both from the board and perhaps more indirectly from ackman's presence. according to reports there are two business units that either need to ramp up innovation or possibly get sold. dura celibate rice could fetch a million dollars, although we have no idea who the buyer would be, pet food, $4 billion. one reference point might be irene rosenfeld of kraft. pressure ongoing her to do something more out of the media than this ackman news and the result was a split of the company. wall street cheered that move. it's outperformed the dow in the last year s

kimberly-cla kimberly-clark. >> falk, fantastic ceo.k. >> and sell -- >> bob bughen, best in shown. they go much higher. >> this is really bad. >> will you stop? you're talking about -- this is a fiscal cliff everyone is so worried about. >> what have we got on "mad money"? >> govidian up $3. michael ward, has everyone got the pulse of cole and ag better than michael cole. >> i can't believe he's still there. >> great guy. >> remember when he fault off those activists. "mad money" 6:00 and 11:00. we're coming back. more on this big rally after this. get great values on some of our newest models. this is the pursuit of perfection. ask me. [ male announcer ] if you think even the best bed can only lie there... ask me what it's like when my tempur-pedic moves. [ male announcer ] ...talk to someone who owns an adjustable version of the most highly recommended bed in america. ask me about my tempur advanced ergo. ask me about having all the right moves. [ male announcer ] these are real tempur advanced ergo owners. find one for yourself. che

people like darwin smith who took over kimberly-clark committed to a great company was reserved and shy and almost nerdy. he said was just trying to become qualified for the job at the end of his tenure. we find some leaders are very charismatic and were great leaders our research like ann mulcahey who saved xerox. she had a very measured view of herself. i never expected to be ceo, she said. she had the burden of responsibility. like all the great leaders we study, she was constitutionally down to the deaths of her court constitutionally incapable of capitulation. what did we find? what did our data show? we found it is not so start as leadership or not but we saw it as a level of hierarchy. level one is individual capabilities and level two is good team skills, level 3 is effective punishment, leader foot -- level for is leadership. what we found of our greatest leaders, the ones to produce the results over time, they went to a different level. we can't call this level 5 leadership. -- we came to call this level 5 leadership. the difference between four and five is the true x factor o

people like darwin smith who took over kimberly-clark committed to a great company was reserved and shyost nerdy. he said was just trying to become qualified for the job at the end of his tenure. we find some leaders are very charismatic and were great leaders our research like ann mulcahey who saved xerox. she had a very measured view of herself. i never expected to be ceo, she said. she had the burden of responsibility. like all the great leaders we study, she was constitutionally down to the deaths of her court constitutionally incapable of capitulation. what did we find? what did our data show? we found it is not so start as leadership or not but we saw it as a level of hierarchy. level one is individual capabilities and level two is good team skills, level 3 is effective punishment, leader foot -- level for is leadership. what we found of our greatest leaders, the ones to produce the results over time, they went to a different level. we can't call this level 5 leadership. -- we came to call this level 5 leadership. the difference between four and five is the true x factor of great

people like darwin smith who took over kimberly-clark and made it into a great company. he was reserved and shy and almost nerdy. he said at the end of his tenure, i was just trying to become qualified for the job. some leaders are quite prismatic. the woman who say xerox from oblivion. she was prismatic, but she had a measure you bang of herself. she had -- she had a measured and view -- measured view of herself. she was incapable of capitulation. what does our data show? it is not so stark as leadership or not. we start at the level of hierarchy. he did -- the leadership hierarchy is like laszlo's hierarchy. -- maslow's hierarchy. the leaders who produced the great companies and great results over time went to a different level. we called this level 5 leadership. the difference between the level 5 and the level for was what we came to see as the true x factor of great leadership. that factor surprised us. the x factor was humility. humility combined with an utterly ferocious will. not humility in a self- deprecating way. >> jim collins speaking to governors in williams