paychex.onomy continues to grow, unemployment continues to drop, and strong growth story and they've been raisingdi dends and we expect that to continue through the year and into next year and that is a bti po for paychex. >> have a great weekend, oliver. goodo see you again. >> bill? >> america's whisky indus is not immune from the trade fight that we've been talking about. it faces a 25% tariff from china on top of those aeady levied by europe, mexico and canada, and states like tennessee and kentucky that ry the m on whiskey from revenue are getting hit the hardest. us essa brewer is with tonight. >> at kentucky brewing company, tourists belly up to the bar to sample bourbon craftedn site. this fifth-generation, family-owned business has big plans for growth. >> we plan on being in, you know, six to seven countries in the next couple of years. so we're cstantly expanding what we do. >> but newow tariffs are tg a wrench in the works org perhas the nto bourbon. >> right now there is a lot of

paychex ceo.e this is bloomberg.beat, covering three things that wall street is buzzing about. deutsche bank is a 40% share decline is your may trigger interest on investors. and aramco ipo powers down. reports from saudi arabia may cast and that of doubt that the oil giant will ever go public. and ahead of a public trading debut monday, shares disappointing in the gray market. julia: joining us now is jason kelly, executive editor for global television. cheap orhink, is it still expensive? jason: cheaper than it was. that is undeniable. the question is going to be, is it cheap enough, and is there enough there that either an investor or, david, to your point, another banks whoops in to -- bank sweeps in to prop it up a little bit? some than that jumped out to me was maybe it is like a little brexit playyo -- for a big u.s. or big chinese bank as business shifts out of the u.k.? david: there are conflicting reports about whether jpmorgan is interested. it seems like it is kind of in play. with all these reports, some

when employment is strong and the current situation is insanely good when they turn money over to paychexorted their earnings were only in line and guidance buff but not enough to report it before bouncing back marty is the president and ceo of paychex welcome back to "mad money." >> thanks, jim good to be here. >> marty, let's get right at this there was a decline from 3% to 2% everything else was fabulous what are we supposed to do here, marty? >> jim, i think we had a solid year we certainly ended up very strong in the fourth quarter got great momentum going into our sales perspective what we said with our fiscal year and solid 7% growth on the top line and great earnings per share growth, double digit growth. we continue to produce good results and see what happens >> to me, the situation that tells me why things are good is the change you made in the dividend i thought that was incredibly important you did it ahead of time >> we did. we did it a quarter ahead of time we normally do and 12% increase higher than we normally have it. we're paying out 80% of income in net dividends and c

marty mucci of paychex >>> a programming note here, we'll be talking to linda mcmahon at 8:30 a.m.>>> coming up, attention amazon shoppers the e-commerce giant releasing details with one of its most important days of the year stay tuned you're watching "squawk box" on cnbc you're gonna do great! thanks, dad! break a leg! aflac?! not that kind of break. oooh! that had to hurt. aflac?! not that kind of hurt. yeah, aflac paid us cash in just one day to help with our car payments and mortgage. aflac! perfect timing! see how aflac helps cover everyday expenses at aflac.com. >>> amazon has announced its annual prime day mark it on your calendar it's july 16th prime day is the company's biggest annual sales event and will be longer this year than ever before. so not just 24 hours, folks. it's going to be 36 hours. the event will also expand to new markets this year including australia, singapore, the netherlands, and luxembourg. meanwhile ebay will offer thousands of exclusive deals it's going to try to one up them on july 17th and it is a way to consumers to skip monthly fees, ie prime.

you want general plays on employment i'm still circling back to paychex.d automatic data processing either. the interest they collect while they wait to issue your paycheck something that when we get better as the fed tightens my favorite here probably is scintas. blue collar hiring now if you really want to pick the greatest consumer product spend story ever, and are willing to tolerate some worldwide implications, then of course buy the stock of apple. sorry, i couldn't resist pushing my new consumer products narrative. and of course, you should own that one today was a gloom busting day. remember these domestically oriented stocks react positively on any bad news from china meaning on anything that suggests the trade war is escalating if you're still worried about chinese tensions, these names are a great place to hide. and let's be sure about it i'm throwing in apple, which if you don't own, well, come on get with the program david in georgia, david? >> caller: hello, dr. cramer >> yes >> caller: i'm david from georgia. first time caller. >> all right

i use paychex as a businessman, until you get bigger, and then you get that automatic data business adporming. i miss you >> we're both back >> we're back and bigger than ever kind of li . >> walter isaacson on trade. keep it right here so, my portfolio did pretty well last year. that's great. but the market was up nearly twice as much. that's a tough pill to swallow. exactly. so i started trading. but with everything out there, how do you know what to buy? well, i think my friend victor has just the thing for you. check this out, td ameritrade makes it easier to find the investments that might be right for you. like our etf comparison tool it lets you see how etfs measure up to one another. analyst ratings and past performance... nice. td ameritrade also offers access to coaches and a full education curriculum to help you improve your skills. that is cool. and if you still have any questions you can always chat with us on facebook or call our experienced service team, 24/7. yep. just because you're doing it yourself doesn't mean you're on your own. that's great. you're still up. alrigh

. >>> paychex just releasing joining us now is martin move c mucci. data that's come out >> we continue to see the dropoff. but in a tight labor market, we expected this. from a level of hiring in small businesses it's across all regions of the u.s., so we're seeing all regions down a little bit but still showing moderate job growth south a region of the country still the strongest. and from a sector perspective, other services still number one. so kind of personal services, those things that are spending discretionary money. although it's come down from last year, it definitely is number one there construction steady across the u.s. and strongest in the south. when you think about wages, wages have still moderated around 2.4%. that's still the big question. why aren't wages going up more in a tight labor market? why aren't we seeing closer to 2.5% to 3% >> do you have any idea why that is >> well, when we survey these small businesses, what we're hearing is profits just aren't strong enough for the wage increase and they're investing in other automat

a result, more than 6 million americans are now enjoying new bonuses, better jobs and far-bigger paychexy single democrat voted against the tax cuts. every single one. we didn't get one vote. they voted against working families. they voted against small businesses, not good. in the first three months after tax cuts. over $300 billion poured back into the united states from overseas. we think it is going to be in the end, when completed, over $4 trillion will be back into our country. apple alone is bringing in $230 billion and they're building new plants. they're building a magnificent campus. they will be spending their money very wisely but they're spending it in our country, not some other country. that was made possible by the new tax cut and reform plan. tate we're finally cracking down on decade of abusive foreign trade practice. we were abused by companies. we were abused by the companies within countries. but in particular, we were abused by countries themselves. including allies. abused like no nation has ever been abused on trade before. because we had nobody watching. they sto