as you get into the consumer staples company, kimberly clark. we also saw some relief in that cpi number towards some of that goods inflation. and again, kimberly clark's a company that's got north of 60% payout ratio, pays a nice dividend yield trades more or less in line with the market is down substantially over the last six months. these consumer staples trades at one time were big outperformers, very expensive i don't think that's the case right now, and i think you'll see rotation back there. >> 20 times for kimberly clark, so it is at a premium. that's the issue with a lot of these consumer staples companies. people are paying up, and they're suffering from price increases and doing it gladly for their huggies and kleenex and all of that. >> what else are you going to ewe? >> we do use huggies, but that's -- relative to itself, is it expensive 20 times -- a premium to the market seems like a lot. >> i don't -- not during this period and again, we're still in a deceleration mode, and i think we're at a place where actually these types of c

speaking of, looking for high yields, low volatility names do you like kimberly clark -- >> i like kimberlynt dividend in yield, i'd much rather have you be in proctor and gamble if you read online, you'll see chris in texas, chris? >> caller: boo-yah, jim, from dallas, go easy on me. >> no problem. the eagles roughed you up, not me. >> caller: rub it in hey, i would love to hear your thoughts, thank you, on boeing as a long-term position. >> all right as a long term position, that is really the operative term because short term they keep doing things wrong longer term only two airplane companies and they will do fine. let go to dennis in new york, dennis >> c dennis >> caller: i have a question regarding a consumer bank that's been doing well, mr. buffet holds a portion of this bank but starting since the beginning of the year -- [ inaudible >> kind of breaking up i'm so afraid. is there a stock i can't -- give me the name of the stock. ouch okay we got to go to the next one i'm sorry, jeff. oh, no, jeff in washington is who i want to go to. jeff >> caller: jim, i got a nickname for you, m

we had tremendous upgrades of all the usual staple suspects, merck, kimberly clark, cardinal health, human that, are there always on the move these days, timeline of recession stocks make sense merck has a new deal with moderna to develop cancer vaccines i would frankly buy moderna and kimberly clark saying enough is enough they are all drug middlemen. consistent earners not unlike ralphie. human humana you can't live without. i tried to figure how to deal with medicare and paid a fortune so someone else could figure it out for me all i know is i pay humana for the stuff i used to get for free before i turned 65 but turning 65 is better than the alternative. back to pepsi co, in this business our goal is to find stocks where expectations are low and wall street has wrote off the business an inflation road kill like pep until this morning. after i read the quarter and conference call i had a brain storm, that's right the new low list, the neighborhoods where the dreams are broken and take a good look for the next pepsi co. certainly a lot to choose from the s&p is down 25 from the yea

other than that, it's all pepsi and coke and kimberly clark. >> well, kimberly clark, raw costs are goingem too coca-cola, i think james quincy is going to do a fantastic job whenever you can do double-digit growth, remember, aluminum can and plastic are going to come down we don't know what he put his hedges on, so to speak, but these are good stocks, and i know noerrwegian is not a recession stock. i think they're doing incredibly well, because they told me they're doing incredibly well and the ceo is really good, but if you go into recession, you buy kleenex. you buy coca-cola. >> and luxury handbags >> apparently, yeah. well, the rich people. >> you go to tiffany a lot for some reason. >> this is like elizabeth warren >> they're not pulling back at all? the rich people aren't pulling back >> mercedes. >> i don't see the odd numbers >> mercedes' quarterly sales yesterday, right i mean, kind of sounds like lvmh in a sense >> they've got -- i had benz on. >> no negative wealth effect there, even though the nasdaq is down >> david, the rich are -- the rich have a lot of money >> whoa. >>

kimberly clark and sherwin williams, other examples for today, the firms hike prices of course we await amazon, apple earnings which are likely to drive markets given their sheer size and market cap. it's a crucial earnings season it will either expose negative underlying fundamentals, which could prove that the bearish tone was maybe overblown or premature. ryan. >> we'll find it out christina, thank you very much. >>> now to the bond market, another volatile session yields are moving lower. rick santelli telling us what's going on rick >> moving dramatically lower the further down the curve you go. let's hold off on that one one second i tell you what, my sources and my phone are going wild on the sherrod brown story. remember, he's chairman of the senate banking committee, and he's not too pleased that the federal reserve is going to keep on hiking rates pointing the the dual mandate i'm going to cut through the clutter. let's get to the meat here the meat is in one week and one day most likely the fed will raise rates .75 point. in two weeks we have midterm elections. enough said. l

face of rising cost inflation these companies are still passing it on big time and able to do it kimberly-clark saw prices rise 9% in the quarter, which did help offset a drop in volumes. u.p.s. reported average rates rising 8.6%. again, helping offset a 2.1% drop in volumes. ceo of sherwin williams saying margins improved as a result of pricing actions across the businesses coca-cola ceo james quincey tilling me earlier to expect higher prices to continue. >> clearly there is going to be above normal input costs whether they be commodities or wages or other services going into next year so we are expecting pricing to be ahead of normal next year on top of what's happened this year >> so how much longer can consumer hold up with all of these rising bills and prices going up on everything gm's ceo sounded pretty bullish. >> we're still seeing very strong demand for our products, especially our full size trucks. and allowing for strong pricing. we are starting to see inventory rise a little bit, but well below, you know, prepandemic levels >> coke's ceo did tell me they're starting to see recessi