there are no buys on kimberly clark. first time in the building we're glad to have you in the house. >> very excited. >> why are they cutting their estimates for the full year? is it input costs? what is it >> it's a couple things going on input costs and this fragment's retail environment where private label's more important it's harder to get pricing and it's the sudden turn around in international macro fundamentals, particularly currency you have the meaningful exposures in china, south america, which look like a huge bright spot coming into this year and then all of a sudden currencies -- headwind and challenging. that's a difficult whiparound for any management team to manage >> what is telling the true story of the sector, though? procter & gamble which had great earnings, a great stock reaction, or kimberly clark? i mean, it seemed like -- it seems like night and day here. >> sure. a lot went into both probably procter & gamble something closer to the truth. there's a bigger broader narrative which is leading bra

not this year but perhaps next year on friday kimberly clark was up on the p&g numbers and now down todaytter, 1% organic growth was better than the street was expecting expectationings wes were low the leadership change also not hugely surprising. su was number two to faulk who had been ceo of the company for 16 years investors see it as continuity in the strategy su is a familiar face previously at craft hynes then kimberly-clark still big brands are having trouble. number two, the currency pressure is intense right now and so is commodities so higher input costs on everything from tissues to diapers then, of course, all of those foreign sales get chopped with the stronger u.s. dollar i would say p&g is a big competitive threat it's a category leader, it's dominant so that will be tough to compete with and then there's the private label which continues to grow with walmart and amazon and everybody making moves. having said that kimberly has seen better luck when it comes to passing on the price increases. it looks like they have more pricing power thanks to their stronger brands than or

let's see if kimberly-clark can keep hope alive. we also hear from hasbro they have been put through if worst of the toys 'r' us collapse i doubt the company will be able to transfer numbers yet. if they can't do it this quarter, they will do it next quarter. layoffs there? brian holder is fantastic. he's doing everything he can tuesday is the most couple hours in the earnings season caterpillar, mcdonald's, those are the big ones i am most concerned about 3m, unless the company announces significant changes, i figure it will die down again thanks to weakness in autos. it is a shame, 3m stock is now down 66 points and it still hasn't been able to track any substantial buyers it's incredible. my travel trust owns it. it's been painful and hurtful. it's funny, it's not just a balk off its 52-week high, it has tremendous strength in wireless and could yield. united technologies can finally close on this rockwell, this stock soared questions what, they need chinese government approval to make it happen that's been elusive to say the lea

honestly, kimberly clark, issues, were down, operating margins were devastated. you buy off brand tissues but certain other things we'll pay up for it. we'll pay $1400 for a cell phone but we don't care what kind of quality toilet paper we get if we have to pay extra for it, jay? >> depends on the industry. if you look at the smartphone market, there are two competitors. there is distinguished group of people they target with two types of cell phones. markets driven by cutting-edge technology you see a lot more pricing power with technology. tissue papers there is no way those companies can maintain. charles: do either of you like the action? we were up 100, down 100, 50, down 200, back close to unchanged. are you seeing something here? i'm seeing the market trying to get its footing. i'm seeing investors pick their spots on certain names. i like the idea that there is some fight going on right now. i love the way retailers are acting. i like what we're seeing in this market. to your point, still a lot of earnings reports to go? >> within the large cap, interesti

the otherwise down day to $292.7837 kimberly clark, color ox and church and dwight all downgraded to sell from hold at deutsche bank today. the analyst the cited near term challenges like currency and emergeening market volatility and the firm also noted long-term headwinds like creased competition andretail pressures. as a result the shares of the three consumer products were lower today. >>> coming up, monstrous michael one of the most pouchl storms on record slams into the florida panandle. clothesing businesses, me disrupting comrce and the local economy. >>> as expected, hurrica michael made landfall this afternoon in the florida pan handle. and this storm is punishing and fast moving. while it's w too early to say what the total cost will be. wells fargo said it could hit tens of billions of dollars. courtney reagan is in panama, city, florida for us tight. >> reporter: hurricane michael made landfall as a pryerful cate 4 storm with wind speed of 155-mile-per-hou just two miles per hour shy of the category 5. making this the s strongestrm to ever hit the florida pan elndle. >>

kimberly-clark reported better than normal earnings. michael suh will take over next year. the change comes ad a company restructuriur restructg. like other package goods makers they're facing rising commodity and transportation costs. d the stockpped more than 3% to $106.40. >>> caesar's enttainment is reportedly set to reject the takeover offer from tillman fratti t. they beliet takeover would saddle caesars with too much debt. they own the golden nugget casino. the shares of the stock fell about 7% to 949. >>> well, the number that determines your credit i worthine about to get a major overhaul. fair isaac, that's the company behind a widely used fico plans to launch a new credit scoring system next year. it's called the ultra fico score. that will take intoco ideration how consumers manage their money, not just how they manage their joining us to explain the changes and what it means, matt schultz is at compare cards.com. thanks for joining us. >> thanks for having . >> why are they doing this and who will this benefit? >> this isy rea about banks wanting to expantd the

and it was up even during the bad parts of today let's talk about kimberly clark. it would have been down huge they pay you about a 3.5% yield. if there is a slow down, that means interest rates will go lower making these dividend stocks more attractive to investors. if you want to know why these recession proof stocks roared today, it was the slow down camp working its magic betting on lower interest rates then there is the second camp, the people who have genuine run away inflation fears every day thisgets something new to stoke the world view. ppg you announced a 10% hike the company cited unprecedented in raw materials freight, distribution and labor across every region that's mighty negative it makes you feel like inflation is raging and the fed might be behind the curve when it comes to slowing it down the opposite much the other camp, right? what do you do if you think inflations are out of control and interest rates must go higher you sell the high growth stocks. each the purchasing power out in out years. these growth stocks will keep climbing now these st

. >>> shake up in the sea sweet at kimberly clark sending that stock sharply low are today. we'll discuss whether it can reverse her double digit decline so far this year >>> facebook looking to do damage control we'll talk to the reporter who broke the story that facebook is looking to buy a cyber security firm the closing bell starts right now. >> good afternoon. we have a check in on the market action it is from a triple digit gain to triple digit loss it is currently off the lows of the session but still it is down 52 points. >> it was up 117 points. the nasdaq is up half a per tcet we head into the final hour here it is a big week for earnings. it can fuel a rally. >> we are getting good numbers about 20% has reported earnings so far this week it will shift to technology companies now, the number one theme for earnings right now is margin pressure particularly for industrials and includes higher labor costs, tariffs, foreign currency, weakness the impact of higher rates are also a major theme in earnings calls. a new issue immerged, the isolation of saudi arabia since t

a little bit of a halo effect on colgate, palmolive, kimberly clark and clorox. >> that makes sense.4% so the idea that pricing might be taking hold is probably helping those guys >> also the cfo did say the market grew and if you look at the early results we've got in this season from unilever, johnson & johnson, it's a better economic environment and a better pricing environment for these consumer scape ye yer st. >> not often you see a move like that in p&g. >> it was a good setup >> usually a slow moving stock and business so -- it also shows people very keptally positioned in the entire consumer staples area. >> even with today's gain the stock is down 5.3% this year it's been an underperformer. also higher rates makes steady dividend payers less attractive. but 4% growth is a switch for p&g. >> best day in a decade for the stock it maintains this. >> it's a big chunk of the dough but the dow isn't outperforming so it's not all about just profit. >> but consumer staples are outperforming the s&p by 2.3%. >>> we're going to get the etf spotlight. i'll look at a totally different

kimberly clark up a buck and a change 1998 and 2007, the fed has made a judgment that its stock is not just to prop up stock. no one, at least not me is saying the fed's job is to put a bid underneath or make stocks go higher if the fed would just listen to what the stock market is saying, should i say screaming, merely in developing data when you have quality banks like jpmorgan saying they expect housing to decline 10% in 2019, i think you can argue the economy is too hot with a straight face. if i am right that we are late in the business cycle, many stocks will be late to the banks. why not sell everything now? because the bottom line is that people have been selling for weeks. you weren't early if you sell here and the moment the fed changes its view, you will be scrambling to buy stock at prices much higher than they were right now and that's because we may not have that thesis that we're going to have at the end of the cycle. i'm cancelling patience here, oh sure, if you want to raise cash, that's fine, and take gains. i am recommending that members do buying in the weakness as

kimberly-clark is up. a lot of these companies in the same realm rising. p&g is up 6% today.st week ever since 2008. that was during the big selloff when a lot of folks were embracing consumer staple stocks, and we are seeing that again today. .onnie: mike regan had a chart this is a leading indicator? are we about to have a market downturn because of this? >> consumer staple sectors sometimes can be a harbinger of the broader market going down. this is the best week since 2008. in october of 2008, we had a big whenin the s&p that month a lot of folks were going to consumer staples. the logic being when the economy turns down, people still need to buy soap and beauty products. companies like procter & gamble benefit. vonnie: some good news. thank you. that is romaine bostick. you can see him later again. we are waiting on secretary of state mike pompeo to give a statement live. in the meantime, the dow is up .3%. the s&p up .4%. the nasdaq up .2%. "balance of power" is next. this is bloomberg. ♪ ♪ >> from bloomberg's world headquarters in new york, i am david westin. welcome

kimberly-clark makes all kinds of paper products from kleenex to paper towels.arket overall and no matter what your financial performance you tend to get hit in a down market. the migrant caribbean now reporting 7000 people marching through mexico towards the u.s. border. they should be here by election day. up next, talk to the head of the national border patrol council. he supports putting our military on the border but not for the reasons you may think. tomorrow, national space council will meet to discuss creation of the space force. coming up we'll talk to the head guy at nasa, jim bridenstine. i want to know why it is know why this nasa wanted space force? we are sprinting to the midterms. more tax-cut, we'll see about that. what about legal parts? we're on the story. third hour of "varney" just getting started. ♪ state of the art technology, makes it brilliant. the visionary lexus nx. lease the 2019 nx 300 for $339 a month for 36 months. experience amazing, at your lexus dealer. stuart: two weeks to go until the midterms. president trump is out there camp

more specifically but if you look at consumer staples, you see some of the rivals trading higher kimberly-clarkginning of next week how do you think it sets up the broader sector for earnings? >> clearly it is lifting p&g spoke of a growing market, not just that they're growing market share which they're doing as well but seeing it across the board. early results from uniother bras starting to pass on higher prices to consumers. so far so good david taylor said it is early on that front and it will be uncertain as to how consumers absorb the price increases so far the conversations with retailers they say are going well and it is working and that's a big part of the story. let's talk about this. what do you do with a move like 7% if you're a p&g shareholder number one ranked analyst on the street, covering consumer staples. you have been kind of negative on p&g in the past does today change anything for you? >> you're starting to see things we have been arguing about a long time come to fruition what are they doing, they're cutting costs, in investing a lot back into business to get the top lin

kimberly-clark said it was never meant to offend anyone. >>> a new study looked at the possible link between marijuana and strokes and why women may have a harder time with chemotherapy than men. hillary lane looks at the day's top health stories. >> reporter: a new study finds women suffering from certain types of cancer experience more side effects from chemotherapy than men. researchers in england looked at patients with esophogeal and stomach cancer. they found women experienced significantly higher rates of nausea, vomiting, diarrhea, hair loss. survival rates were the same for both. the number of americans taking a daily pill to prevent hiv has increased dramatically in recent years! the federal health officials sa done. according to the cdc, 78,000 americans filled a prescription for the preventative drug in 2016. that's 5 times more than in 2014. but it's still a small fraction of the estimated 1.1 million americans who could benefit from the medication. and using marijuana might lead to a higher risk of stroke. an analysis of u.s. hospital statistics found the rate of stroke

charles: kimberly clark up there as well. go ahead, gary. >> i'm not mr.preter of markets. the market is screaming loud and clear. i have to mention something very important. we're just now, in the last i don't know, few weeks getting real horrible housing numbers and housing stocks have been obliterated. housing-related stocks like the whirlpools have been destroyed. they topped out in january and never came back. markets are a pretty good forecaster of things to come down the road. i'm pretty darn sure we'll see some gdp numbers around the globe heading south, instead of threes and fours here we're going to the twos, if not more than. we can go into reasons why. sometimes it is just because. i'm letting you know, i'm a big believer the market has a very big mouth and we need to have a big ears. charles: markets and economies are cyclical, right? >> yes. charles: whether the reason de jure might be often because you know what? ultimately it happens. we don't keep up the same pace of growth and system rate of growth. occasionally we hit deregses an dips. i

but why clorox rather than say two others that are bigger, procter & gamble or kimberly-clark call iturvival of the fittest, they have cut the costs and as a result the stock has held up better than the other consumer package goods plays and they're trying to raise the price and that will give them nascent growth for 2018. if you want to protect against the slowdown, i think you can consider owning some clorox. fifth and finally we've got one that i have tried to proselytize about it because it's so well run, estee lauder. this is an outlier for a lot of us, makeup is a necessity these days, while the stock is up 10% for the year it's held back by worries about a major distributor bon-ton stores and the fact they get 12% of the sales from slowing china. even as estee lauder led by the fantastic frieda delivers the fantastic results the stock hasn't been getting the credit it deserves. maybe that's the opportunity it's been weak of late because the last quarter was not the usual blowout. bottom line, you need some exposure to the staples because of the sake of diversification however,

kimberly clark monday laid a egg with their earnings report, founded in 1872. is there for investors a part of your portfolio is not going up one this% but you know what hitting the fan it will be okay? >> consumer staples was up 3 1/2%, while technology was down 7%. at the same time those consumer staple names are trading at higher multiple. you're paying into the safety and security because everyone bill buy toilet paper and paper towels and toothpaste, right? but the problem is what is it going to happen to the dividend yields? can they continue to organically grow? charles: do they have enough to pay the dividend? >> we run venture-capital fund, early stage companies, all the names, proctor & gambles of the world, pepsis of the world, looking at early stage companies. they're setting up in-house capital teams to invest and acquire growth. charles: so the main takeaway as we break from this segment, both you guys are okay? you think this is buying opportunity? >> absolutely. >> right. >> because the economy is doing so well. this is normal for markets to pul

kimberly-clark said its business in china was down high teens horrendous stock took a $3.83 hit pvh, the parent of tommy hilfiger had been making huge progress in china given how strong it's u.s. sales are and how europe has been very good, i have to wonder if china must be capped i can't think of another reason why pvh has fallen down to 121 now we know there are companies with such good relationships in china they'll probably do fine no matter how heated the trade war gets apple has tremendous ties in the people's republic. they manufacture so much stuff over there that any sanctions on apple would be really like china cutting off its nose to spite its face the chinese stock market rallied hard on talk of china advocating whatever means necessary including its stock market in the past the party has been good at bolstering growth. i think starbucks which had a shortfall in china reversed the decline which is why it's had a good run and a lot to like about starbucks overseas domestic business hasn't turned yet. still have you to be cognizant the strongest stocks were texts that have

maker kimberly clark says many customers complained the name was sexist. packages for the tissues describe them as confidently strong and comfortingly soft. they say in no way does it suggest that both being soft an strong was, quote, an exclusively masculine trait. the company listened to complaints and is now going to call it kleenex extra large. >> how about tissues for bigger kno noses. >> do we have to label it? >> i wondering if they were missing some women in that panel board when they decided on that. >> let's call the brawny man. >> pumpkin spice girl over there. >> i like how the name is pumpkin spice and i just said pumpkin spice is not my thing. that's why, mike gets it. i'm rocking the color because i know there are a lot of people who, when pumpkin spice rolls around, it's their time of year. that's including a lot of my friends as well. my mom is also a big pumpkin spice latte fan. as soon as i get into l.a., i go buy her pumpkin spice. i just went last week and she loves them. san francisco right now definitely showing some of that fog that

i think we have to remember this brand was launched 60 years ago in the mid—50s, maybe kimberly—clarkial—strength tissues and if you have a heavy cold or dare i say man of flu, this is what you need and this is what you will have. do you know what really struck me about this, is that the pair of social media came through once again and the other thing i found media came through once again and the other thing ifound interesting was the lady who kicked all this off is also head of marketing at a pr company. so, the para— social media and the power it has over brandt as we have seen —— the power of social media, do you think they reacted too quickly or there was not change that was needed. it seems they changed the name from man sized to extra—large before this storm brewed up. i'm not sure about that. there have been lots of activity on twitter, of course as there is there a lwa ys twitter, of course as there is there always was —— is with these things and a lot of people are going against it saying it is a shame because this is an iconic brand we have all grown up with for the last 20

kimberly-clark, kleenex's parent company, said it received a "consistent increase of complaints" about the branding. bowing to the pressure, the company will re-brand kleenex man-size tissues as "kleenex extra large" starting later this year. (vicki) earlier this week we reported on new research warning that a warmer climate and extreme droughts could harm the world's beer prices. experts saying those prices could more than double. (grant) now a scientist is weighing in on how likely it is this could happen. clay falls reports. plenty of people were grabbing a cold brew at the corner bar and grill in northgate.a new study suggests global warming could theaten the world's beer supply and possibly drive up prices.nat sot: "looking for like an ipa or sticking around the base?"travis jones is the corner general manager. he says if costs go up -- they'd have to pass the cost along to the customer.travis jones, the corner bar and grill general manager:"that would definitely do a number on us. i think it would impact us we wou dlhave to raise our beer prices as well. supply and demand i think

reuters.kleenex is rebranding it's 'mansize' tissues after gender complaints.the company behind kleenex, kimberly-clarkis sold only in the u.k., will now be called "kleenex extra large." packages for the tissues describe them as "confidently strong" and "comfortingly soft."apple will hold an event on october 30th.according to the rumors: a new ipad pro, a new set of airpods, a more compact homepod -- and a new macbook air. sources suggest a total makeover that includes a high-quality retina display, usb-c ports and modern apple hallmarks like face id. southwest is offering low-cost domestic flights as a part of a seasonal promotion, with some flights for this fall and winter starting at as low as $49 one-way and $97 round-trip. the. deal expires october 25th at midnight.live from the nasdaq i'm jane king back to you ( darya ) thanks jane ( james ) coming up on the kron 4 morning news... with the next mega millions drawing tonight... we sat down with a finanical advisor who has tips on what you should do if you win the big jackpot. ( james ) and you might want to check your fridge... hundreds of ready t

spoke with them, they're all doing well, or spoke with people near them i like the fact that the kimberly clarksre down because they're doing poorly and they were going up on safety so it's a long day but you might get another chance to buy a little stuff but we have coil spring. let it -- if you didn't buy it at the opening, don't buy it i mean, didn't buy it at 9:41. that's where you can buy, now you have to wait i'm offering what john kenneth galbraith taught me when i was at harvard in 1974, they did a lot of that. so did daniel patrick moynihan. >> guys with three names at harvard. >> yes versus people with one name. larry. >> did you just mention daniel patrick moynihan >> of course i did the one-names people, right? larry and jamie. >> you know where he went to college? >> huh >> you know where he went to college? >> no. >> tufts university. >> i know your alma maters are interesting. the big focus on the fed as the president publicly criticized chair powell in the last 24 hours. >> the problem in my opinion is treasuries and the fed the fed is going loco and there's no reason for them to

analyst from bernstein who has a private label susceptibly index to see who's most at risk clorox, kimberly-clark& g coke and pepsi are not as at risk he looks at the private label and multiplies by that company's percentage of sales in the category. >> does this hurt those kind of hedge funders -- taking stakes whether in a p&g and a unilever and trying to drive down the costs of the bigger companies? >> right it's just been get cost gown, get the margins up but no they're fight -- if they're fighting price wars that makes it tougher but in general this entire industry has been struggling to grow for any top line growth forget margin expansion. it's where is the growth going to come from >> it's just the pendulum over here, now it will swing back in favor of the brands as opposed to the retailers warren buffett said with regard to kraft heinz, yeah, the retailers have power because they're willing to swap private label brands in for shelf space. >> well, a lot depends on the quality. if target is going to price something at 70% it better be as good as a gillette razor or a crest toothpaste i thi

a procter & gamble, clorox, kimberly clark, trading above market multiples right now should we be payingket multiples for the makers of face cream, toilet paper, and tissues? >> well, it depends on the company, so from a sector-wide basis, i agree, i think there's some valuations maybe you want to stay away from given some of the fundamentals i'd have to say the u.s. consumer is really being a nice boost to some of the companies in terms of their top line we saw that from procter but there are companies out there that i still think have value. right? and they have optically high multiples but they have very high growth rates. i'm talking about monster. constellation brands estee lauder which has a lot of exposure in china. wait until next week, they're going to have a very good quarter. it there are opportunities out there. >> how about the companies that are stables of brands, like the kimberlys, the procter &disinte generic competition. >> coca cola is the only big cap name we're recommending. you talked a lot on your show about how much coca cola changed. that's the one we like look,

kimberly-clark, p & g and pepsi leading today's gains. oil prices are higher but energytakering a hit it is one of the worst-performing sectors today marathon petroleum, cabot oil, gas and noble energy leading the declines more on where this group goes from here. that's coming up, melissa. >> let's get straight to the trading action bob pisani on the floor of the new york stock exchange on what is fueling the fear. mike santoli's there, looking at the odds of a fourth quarter rebound. phil lebeau taking a dive into boeing's results and seema 34 a mody's looking into hilton's results. let's begin with bob >> the important thing is we are seeing volatility and gyrations in the middle of the day sell programs, look at the s&p 500, sort of tooling along just a little below normal. below break even 11:00 sell program comes through. just a generic sell big etfs like the spy and iwm went on for a few minutes and stopped and the market sort of stopped and started to rally again but these have been coming through with regularity in the last two we

consumer staples are a little weaker, your classic groups your kimberly-clarks, your clorox and procter gamble there are two sectors, independent of this craziness with rates in the markets in general, you heard earlier and that's of course on banks. the cpi, excuse me, a little weaker than expected yields are down. banks generally are to the downside then of course we had that very strong 30 year auction rick gave it an a, kbe barnks moved down later on that news. the weekly inventory numbers on oil, buildup, bigger build than expected all the oil stocks dropped around 11:00 eastern time. there's chevron leading to the downside about 2%. a lot of cross currents and honestly it's not clear how this is going to end up don't go away for that final hour. >> not going to. bob, thank you stock exchange. >>> now to chicago and rick santelli who's at the cme. >> we're hovering near the lows of today in terms of yields, but those yields still aren't far from the high yield closes here we're sitting at 314, 315, down about 8 basis points from the high 323 close, only down a basis point or two on

take a look at some stocks to watch this morning kimberly clark named chief operating officer michaelo. separately the consumer products company reported a profit of $1.71 per share beating forecasts. halliburton reported 50 cents per share. that beat estimates by a penny halliburton saying it expects a rebound in north american profits which were temporarily impacted by capacity constraints and complaints recreational vehicle maker polaris seeing shares rise in premarket trading. earned $1.86 per quarter beating estimate of $1.57. they also maintained their forecast and jacobs engineering has $3.3 billion they want to focus on higher growth businesses. >>> when "squawk box" returns, rick rieder is going to join us for the hour coming up. ♪ daddy, mommy's on the phone! hi! how are you guys? ♪ >>> the market's wild ride we're going to find out if a busy stretch for earnings will spark another week for volatility >>> china stocks soaring overnight. closing higher by 4% we'll talk about the country's slower growth. >>> plus intel trading higher this morning we'll talk to the analyst who

kimberly clark will -- oh, i did see this -- will rebrand its mansize kleenex after customers complainedwill now be labeled extra large. the new branding will roll out in the uk in the coming months i saw that arnold schwarzenegger had to apologize for years ago using the term "girlie man." >> i remember that >> he had to strike that from his lexicon. >> there's a lot that's changed that's no longer -- >> man size mansplaining >> that's not going away that's what you do to someone to shame them >>> elle magazine is apologizing after attempting to trick people into registering to vote they tweeted kim kardashian and kanye west are splitting up and had a link when users click the link, they're rmoved to a site to register to vote they said we are sincerely sorry. >>> when we come back, the big october dip didn't just hit stocks oil prices are down more than 5% this month we're going to talk about the geopolitical concern for crude next this morning it's up just over 1% but still below $70 take a quick look at the u.s. equity futures dow futures up by 125 points almost s&p futures by up alm

kimberly clark, yesterday. people aren't paying money for tissues. i can get off-brand tissue.ing $1400 on smartphones. honestly if you know your portfolio, check it out. good names hold on, bad names sell them. >> bill: they can always find negative news. i can find something that would give me a reason to sell. >> there is always a reason to worry. when it's triggered. we already had this anxiety coming into today and then 3m reported that number. what does it represent? it represents the global economy. and again last -- first week of the first two weeks of earnings by far corporate america, not wall street or pundit. corporate america said their biggest concern was the dollar. it's too strong. >> sandra: the president -- they were worried about a strong dollar. it doesn't sound so good coming out of the mouth of the president. all of this happening and the sell-off happening today after last night not saying because of that last night. but the president calling for another tax cut of 10% last night. here he is. get your thoughts. >> president trump: business is now good. th

deutsche bank today celebrating of clorox, kimberly-clark, the point is i haven't seen a lot of sell we've got d.r. barton on the phone. do we? >> you do indeed. hey, charles. charles: you're looking great yesterday. he lost some weight in your very good. are you eating some ice cream right now? getting a little nervous. >> what is interesting here grinding and gnashing of teeth. her only done three by 5% off the highs on the spiders, on the s&p 500. i've got a key level. you and i always talk. 2800 year about another% in the house below us. that is where i'm going to be concerned. until we get down there, this is just another pullback to be bought. charles: if we do get down there, and how vulnerable -- what would be your next level. >> from their you've got to drop down to correction level if we clear because that is not just a whole number. it is also some key support levels from july in areas where we pullback you for. so if we get down below there, i think it brings a fullbore collection correction into play. it's a no-brainer we got down there, but it does breach a key level. s