pepsi is down. that could be positive that's what has to happen. the money has to go out of it. >> into which names? >> pepsi and coca-cola it got to stop palo alto -- i think today could be reversal day. the key to the market, we need positive news in amazon. that's what we need. amazon has got to have some positive news to keep people in some of these etfs amazon is the key to the market. amazon had no evidence of anything being wrong it is back to that level nestor friday remember when she came on and said listen, i really don't like this rally and i think stocks should belower and praying for a recession. if we get good news from amazon. >> what? >> nothing >> i was not going to say anything >> i have something on amazon that i will share later. >> there you go, see if we get any good news for amazon >> it was just interesting news. >> amazon did not do anything wrong. it was fine. kimberly clark is up that was bad >> remember the arcadia -- did you see the new york post saying they are still in stock. >> general mill is up. >> on that just a q

but since there has been no official announcement yet from the nfl, pepsi or the band, check out theam addressed the speculation on "ellen." >> whoever is lucky enough to get that gig probably is gonna crush it. so if i were doing it, i can't confirm or deny i am. i would be excited. >>> there was nothing but joy in the buble family today as michael received a star on the hollywood walk of fame. that is so wonderful especially after the scare of their little boy's with cancer. as michael admitted to nancy, that experience changed him forever. >> >> what my family and i have been through would be impossible for it not to have an effect on everything i do. >> what kind of outpouring of love did you see? did you receive? >> there would be people on the street, they wouldn't ask anything, but they would say they were praying for us and that meant a lot. >> buble put everything on hold for two years when his oldest son noah was diagnosed with cancer. the 5-year-old is now thankfully in remission. >> i think people out there have no idea how their compassion and love and empathy and prayer

my neighbor -- one of my neighbors is the ceo of pepsi. >> seth: wow. >> ceo of pepsi.h a gift basket. i was like, "oh, wow. this is beautiful. thank you for welcoming me and my family into your neighborhood." and she was warm and kind, and i let her know it would be an honor for me to one day get hit by one of your trucks. >> seth: wow, that's -- [ laughter ] >> i did. i did. [ applause ] i did. be an honor. it would be an honor. [ laughter ] >> seth: hey, your show "the last o.g." coming back for a second season. a fantastic show. congratulations. >> i love the work we did. thank you. that's ripped right from my life. >> seth: yeah. [ cheers and applause ] >> ripped right from my life. >> seth: season two spends a lot of time dealing with gentrification. >> yeah. >> seth: is that something that you remember happening in your neighborhood? >> nah. when i was coming up in the neighborhood, that wasn't happening. >> seth: okay. >> you know? it's different now. white people moving in. we moving out. the other day i was in harlem and i seen a white family going down the st

. >> i volunteer you to throw in the pepsi.you go. >> it is that time of year where families are starting to get together and maybe there might be that relative you haven't seen in a while. in ohana, she's happy to see somebody, specifically grandma. >> who is that? >> whoa! whoa! >> i think we just shorted that monkey. >> is that grandma? where have you been? >> that's grandma diane. and look at ohana. ohana has the other monkey on her back. that's squander. this is squander's youtube channel, but ohana is the star of the day. >> how are you? >> ohana, as you can see, is a capushian monkey. stephanie owns ohana and stephanie says he's been with her family since july. this is his third home. he basically loves everybody, but especially, as you can see right here, grandma diane. >> clearly, there's some bribery going on here. >> or the best hugs. because that's what this monkey is getting along with zander. >> i love little zander. he just shows up like, hey, it's all right. >> that's so cool. >> he's like, i am not you. >> step

here in our corporate sponsored democracy with the usual choices between candidate coke and candidate pepsi that didn't stop truly brilliant moments of us voter rage an app at the from shining through the doldrums take the brilliant fall of a new former wisconsin governor scott walker who lost yesterday to his democratic challenger after spending a year hitching himself to the trump foxconn jobs train to nowhere after spoiling the taiwanese electric electronic giant and maker of your i phone box gone with over four billion in taxpayer subsidies last year in a deal that he claimed would create thirteen thousand jobs in the state it is now being reported that not only is foxconn not building the wisconsin plan to the originally promised and is now and is now planning a change that would mean employing ten percent assembly workers ninety percent knowledge workers and relying heavily on automation the company is also considering bringing chinese workers in to fill many of these non-automated jobs in wisconsin and in response to this massive boondoggle of broken political promises and giant corp

this is a bunch of pepsi, mountain dew all over the roadwayre they crashed last night and shutdown intstate 495 for hours. the other truck was carrying u.s. mail. police say that everyone did make it out alive but at last check there are serious injuries. police believe that one of the semis stopped in the center lane of the interstate and that was hit by the box truck and from there it was one big chain reaction. so a lot more cars impacted by this as well. >> thank you. how many people are you expecting for thanksgivin dinner? >> this morning an area group is preparin food for nearly 500. folks get ready to share a pretty big massive thanksgiving meal. >> can you imagine feeding 500 people? all of that i happening a matter of hours. th effort is going on right now. the frozen turkeys are coming off this truck. ey will go home with he folks thate that meal later on this morning here in this parking lot. and they haveeen doing this year after year setting up in this parking lot. he aspire strong families. tell me about impact that you have made doing this. >> tell me why this is so importan

when steve jobs brought in that guy, scully, from pepsi, it was, and he didn't last very long, but itn't any less steve jobs' company. >> scully fired steve jobs. >> yeah. so i'm not sure that maybe it is not such a bad thing that you know, the figurehead is this denholm but it is still musks's company. i guess it gets back to mike's point. if you believe in elon musk, maybe we're placating the sec and things go along. if you don't, well, then it wasn't going to be a great company anyway. >> i think your analogy is great on jobs is in different way. steve jobs when he came back to apple, after they blew out scully who obviously wasn't up to the job, bring back steve jobs, he was a much different ceo. he was a much more disciplined ceo. he had tim cook running the operations. he actually got along with his board. he wasn't like thumbing his nose at the board, what he did in earlier version. he is much better seasoned ceo. that is not elon musk. that is one of the other problems. hard to get rid of elon musk than jobs. elon musk owns 20% of the firm. will you fire him? >> right. >> i do

pepsi kicked off the earnings season complaining about the strong dollar. emerging nations to todd's point. it is delicate balancing act. what is the difference maker, next round of buybacks for instance? can something stablize this? >> buybacks help. that will smooth it out. everything is true. monetary policy is still accommodative. we're coming from zero. it will take time. the technical damage is pretty severe. apple, history of electronic devices companies is not great. eventually you start to hit peak sales. for them they're moving into another company. i think that is good news for apple investors in the future. charles: they better start more a little quicker. todd, david, he have jeffrey, you're the best. appreciate it. >>> with four days left to the midterms will the job as report put an end to promised blue wave? people know they're doing really well. up next president trump may be touting progress with respect to our trade dispute with china but he is keeping the pressure on beijing. i will explain next. ♪ at fidelity, our online u.s. equity tra

if you want to go into a store, you can buy a pepsi and a coke.voting booth, you have to choose one. having women support donald trump is they had disqualified the alternative. i can't tell you, anecdotes, how many republican women voters said i can't vote for hilary and so much of what the appeal now maybe to try to get those voters back has been lacking, and that's where donald trump has found support from these women, which is that they were ready to vote from donald trump. >> i got to hear from a woman. >> white woman. let's not kid ourselves. donald trump has 60% support. there is not a huge constituency there however white women republicans will be white women republicans ultimately in key votes and i think that that is not going to change by vir of donald trump. the idea white men should be going out and telling conservative women you know what, you shouldn't worry about a guy who grabs women by their, and sexually harasses. >> but hilary, can liberal -- >> that your tax cut and your military defense is more important. really, the way to de

if you want to go into a store you can buy a pepsi and a coke.you walk into a voting booth, you can only choose one. and one of the things that was most powerful in having some of these women support donald trump was that they had disqualified the alternative. i can't tell you -- anecdotally, empirically, how many republican voters, women voters said, i just couldn't vote for hillary. and so much of what the appeal now to maybe get those voters back has been lacking. and that's where donald trump has found support from these women, which is that they just did not want -- they were ready to vote for donald trump because they didn't want -- >> i have to hear from another woman on the panel. >> first of all, let's not kid ourselves. president trump has 60% disapproval from women overall, including white women. there is not a huge constituency there. however, you know, white women republicans will be white women republicans ultimately in key votes. and i think that that is not going to change by virtue of donald trump. but the idea that somehow, you

you see pepsi-cola here for three cents, american money. sounds appetizing, doesn't it? in guyana,: he was this is before he went there with the large group. he had sent many followers down there earlier to build the community. he was trying to make it very of theng to the members people's temple in san francisco and los angeles. he is pitching how great it is. and who you saw down there. the people that were building jonestown. they were the people clearing the jungle, the people building the cabins, and the community. brian: describe where guyana is. rep. speier: guyana is in south america. it was once held by the british and then the danes, i believe. it is in the northeastern part of south america. , and onceindependent it became independent, the country became very much a marxist regime. at the time, the prime minister was the leader of the country. jones was attracted to that because of the embrace of marxism, which is something jones embrace as well. also because the government was him land, or lease gave him land in the middle of the country where the jungles wer

how many years have we talked about coke or pepsi where they haven't had that performance some of the names have. j&j has been very impressive on the down days. i think there are different elements of what some of those are offering that gives you the opportunity. >> could anyone on this desk say you should be hiding out >> you don't hide anywhere. >> that's the only reason why the stocks are performing. they are considered staples. look how mcdonald's and coke is acting. to me, i don't think it makes a lot of sense when the market is focussed on valuation of growth names and you want to buy sugar water stocks it makes no sense. >> that you would think about the valuation of the value stocks. some of them look a little stretched. >> unravel this. you mentioned farma. big cap has been trading well. it is a place to be. you talked about that for a long time. pfizer since president trump went after them in the spring i think when the stock was trading 37.5 has been a straight line to the upside, moves we haven't seen in probably the last ten years. proctor & gamble, i don't know. i think

pepsi up 5%. intel up 8%. 30 days, ulta beauty up 11% starbucks, we talked to you about them, jim cramer has been talking about starbucks, that stock up 14% and elon musk, he is giving you something to be thankful for tesla shares up 33% over the last 30 days so not every stock everywhere has been down. >>> thanksgiving this year falls on the earliest possible day there's extra time to shop this holiday season dozens of retail chains including best buy, target, jcpenney et cetera will be open several hours tomorrow before turning the lights on early for black friday more stores are offering daily door busters deal online and with the option of picking them up in the store. those stores in various towns will be closed on thanksgiving all due to local laws prohibiting shopping on thanksgiving what do you think? good idea? nice idea. >>> preparations overall for the big shopping event are under way, so much so that courtney reagan apparently slept at a kohl's store in secaucus overnight to bring us news and good

come to mind that we have liked historically in the show let's start with 3 m and procter & gamble pepsi co., any one would be a great stock to buy shares in i think of faang, facebook, amazon, netflix, and alphabet, formerly known as google, hence the g, why these i think facebook is a rapidly growing site where you provide the content, and they provide the ads. it's a brilliant company, deep bench. amazon, there's a $4 trillion market for retail goods in the world, and amazon only has a small fraction of it netflix thrks this is a company that wants so much to dominate entertainment, it intuitively recognizes what you want when you want it. game changer why do i still like this alphabet isn't that played out? oh, no, no it dominates search, which happens to be the moment you want to buy something so the advertisers love it. there's a balance sheet of beauty and people working to supplant or complement search, and waymo may be the ultimate in autonomous driving vehicles. these are just examples. they're about growth i know that it seems rather commercial to do what i want done here, but

when you have the strongest stocks in the market being the coca-colas and pepsis, but the worst acting stocks in the market are all the economically sensitive areas, as well as the growth stocks have been just absolutely shredded i think it's tell you about what the market is forecasting. i'm pretty sure the market will be right. i don't think we are going into any big recession. i think maybe recession's around the globe but we will maybe stall down into the ones, maybe two, but that's affecting things right now. you see it in the guidance from a lot of companies here. charles: all right, guys. other big news out this morning, it appears to sort of ease the tension as we go into this really big-time g20 meeting. we heard that peter navarro will not be invited to a pivotal dinner and a lot of people are taking that as a serious olive branch being extended -- >> yay! charles: we know peter navarro as a pretty tough critic of china. he's written at least seven or eight books about the incoming war, america versus china. for him this is personal. i want to ask you about that, monica. all

. - gary hart presented himself as a voice of a new generation to borrow from a pepsi slogan of that- the choice of a new generation. - and he was positioning himself as a candidate of new ideas, somebody who was trying to bring the democratic party up-to-date. - looking back, the economy had flattened out around the time of the opec oil embargo and foreign competition in autos and steel. so, the democratic party was new social programs, but without an economic program to generate the revenues to pay for them. i sensed that my party was running out of intellectual steam. [upbeat music] - he talks about having a lunch very early on with guys named steve jobs and steve wozniak in some little restaurant somewhere in silicon valley. he leads this group of democrats that come to be known by the media as the atari democrats, because they are the ones who are talking about the transformation to this computerized information economy. - instead of talking about protection from foreign competition, i talked about how we defeat foreign competition with better products and new products. - hart w

>> they're the only ones that are left aren't we all hiding in pepsi, procter, mccormick spice >> i think that's offsetting their dollar exposure. there are other sectors that have plenty that no one is buying >> what about health care? >> i like health care. >> merck >> i like merck. al allergen >> do you like ge? what do they do? >> somebody wants to nope the answer to that what do they do? >> that look does say it all last night was sad for your football squad, today this is -- that look. >> that interview with david, i mean, all i heard was this, hey, it's going to take a long time good, i've got patience. i have patience. does anyone really have patience anymore? who has pash snens. >> -- patience >> stephanie link. she bought the stock when it was down >> she was in the box last night with her husband who had a dallas jersey on, and i made him take it off. >> for his own safety. that's good looking out. >> but to your point, scott, and pete, great job. i think you called -- what was your price >> 5 >> are you sticking with your 5 target >> we're at 7. >> share dropped below 8 >> he

, which is profiting from patriotism and i have another when you saw the kendall jenner thing with pepsid now nike and other corporations trying to profit off of protests and i taking neither one of the conflicts should be for sale. patriotism cannot be for sale. protest not be for sale. then i started thinking on the other hand that you have a message being sent in this country right now that it is all right for a corporation to take everything you have because you disagree with them that will take your livelihood and remove you -- even someone who is boneheaded as rosanne for the things she said. she got wiped out and they just took from her and so i am thinking -- i did not have a problem with it because i thought she said something with cause because she was, you know essentially she said things that were inflammatory but however, at the same time is this who we are? that if you disagree that we will mobilize to take your life from you and that frightening to me. i thought about whether [inaudible] in addition to disagreement colin kaepernick now we will go after anyone who supports

bringing some of the sizzle i learned a pepsi is relevant.s at hp we had 3% margins. at petco, they are going six to 10% and they did not have that rigor. we are fighting amazon and we need to have that rigor. i'm trying to bring both of my experiences to bear and we are seeing results. caroline: is a size and scale, organic, m&a? , whathe future of petco we are taking our first big step on is a services business where we provide the whole pet parents partners. think about your phone with an app, you schedule grooming, that, reschedule your repeat delivery. so you manage the entire pet's life on that app. that is the state of where we will be. romaine: i love how he called pet owners parents. .he is a real pet owner caroline: my child is my pet. just a child. ron: soon your child will insist on a bet. my daughter named our pet yummy. a yellow lab. i will fight that one when the battle comes. i have a few years on the yet. ron, thank you. a quick check of the business flash headlines. softbank is continuing to push money into its biggest inves

like coke against pepsi.cebook owns the selling and buying process. anna: good to get your thanks -- good to get your thoughts this morning. alex webb joining us with the latest on facebook. coming up on "bloomberg you -- weweibo take will take you through the next hour of programming. lots to talk about when it comes to the pound. the pound has been on a wild ride this morning, or this afternoon in london time. this is a bloomberg on this thanksgiving. ♪ thanksgiving. ♪ ♪ york and.m. in new 2:00 p.m. in london with me guy johnson. happy thanksgiving. ♪ >> here are the top stories we are covering from bloomberg and around the world. the pound is surging as a european commission drafts a new brexit deal. theresa will address the house comments in the next hour. ghosn gone. about carlos ghosn leaving the alliance with renault. there is some flexibility with rome's battle with brussels. despite the fact we have a thanksgiving holiday and light volumes on equity markets, we are seeing action on asset prices. the

and --as pepsi, obama pence, obama and biden who were swing districts. trump was not used in the swing districts. he was running -- bad.at's pretty >> he does a little better among the candidates in the republican he campaigned for. so we break it out by the ones he endorsed and the ones he campaigned for. >> a bad, failing grade. >> listen, we found this in our primaries research too. 50% of the republican notressional candidates did mention donald trump in their website. a primary where they're appealing to republican voters. writing alleen spring, the story line that tends to be prevalent that this is donald trump's republican party, i think, is a little bit overstated. okay? i think there's republicans who kind of distance themselves because after all, you never know what the guy is going to he's gonna do. and it was -- and in this year, with the sort of anticipation of a democratic wave, candidates trumpehaving smartly and was really relegated to his base in the same way that bernie relegated to his base. all right. join me in thanking all of these

a saleswoman and auditor for pepsi meeting 40 years ago at a party in the philippines. >> i always saye that evening was one of the best nights of your life? >> i was so lucky, trust in fate. when they do show up, you'll know it. >> and you knew it that night. >> yeah. yeah. >> she had you at that dirty joke. >> yeah. she had me at that dirty joke. i can't repeat it. >> don't repeat it here. >> how old are you? two. >> soon after they started a family giving birth to two daughters, mattie and sammie. >> what did you witness when you were a little girl? >> i got to see a lot of fun. i got to see people not just in love but really, really like each other. >> in 2012 their fairy tale turned the page. >> we got the diagnosis she had cancer. it never ran in our family. it was very shocking. her health declined very quickly. my sister called me and said, you know, mommy's heart isn't doing well. >> within three short months, karolina was gone leaving her family brokenhearted. their pillar no more. >> i tell everybody i was lucky. i was lucky. i know a lot of people don't have good marriages.

a sales woman andnuditor for pepsi meeting 40 years ago at a party in the >> i always say that it wasied a year later. do you feel like that evening was one of the best nights of your life? >> i was so lucky. trust in fate that -- and when they show up, you'll know it. >> reporter: you knew it that night? >> yeah, ye. >> reporte she had you? >> yeah, she had me at that dirty jokeon >> reporter: repeat it here. >> hello! >> reporter: soon ahey started a family, giving birth to two daughters, maddie d ndy. what did you get to witness when you watched your parents when you were a little girl? >> i got to witness a lot of fun. i got to see twous people not be in love, but really, really like each teher. >> rep but in 2012 their fairy tale turned >> we got the diagnosis that she had cancer, and it never ran in our family. it was very shocking. her health declined like ver quickly, and my sister called me and said,ou know, moy's heart isn't doing well. >> reporter: within three short months, w carolas gone, leaving her family broken-hearted. their piller no more. i tell everybody, i was luc

or meet pepsi, the cheerful nurse who has spent a lifetime making rounds in this clinic. 20 years agohen, this is what she saw. the desperation and hopelessness of a continent plagued by the aids virus. >> you realize it's an accident of geography. where you are born deciding where you live or day. if you lived here in new york, you got the pills. if you lived in malawi, you died. >> reporter: do you remember the first time you met my dad? >> yeah. he didn't want to see me. that's fair enough. different political views. i wanted to come into the office and get him to look up from his big oak table in the oval office, to let his values tell him what to do. i don't know if it's a texas thing. burr your father felt the weight of responsibility, presiding over this, the greatest health crisis in 600 years. >> seldom has history provided an opportunity to do so much for so many. >> i remember that moment, when your father committed to this. he promised in the state of the union speech, he would get those drugs on bicycles, on motorcycles, however it took, he would get them there. it was a

or meet pepsi, a nurse w spent a lifetime make the rounds in th here. that's because back then this is what she saw. theon desperati and homelessness of a continentailagued by the virus. >> it's just an accident of geography. it's just whereou were born deciding whether you live or die. you have that problem here in new york. you live, you build. if you lived in malawi, you died. >> reporter: during the first time you met my dad? >> yeah, he didn't want to see me. just fairnoug eh. was the guy w the office and get him to look up fro h big oak table there in the oval officeis to let values tell him what to do. i don't know if it's a texas thing, but your father felt the weight of responsibility presiding over this, the greatest health crisis in 600 years. >> seldom has history offered greater opportunity to do so much for so many. >> i rember that moment. when your father finally committed to this, he promise in the state of the union speech he would get those drugs on bicycles, on motorcycles, however it took. he would get them there. it was a ridiculou

would have been up about 6% or 7% -- >> until yesterday >> thanks, david faber, for that report >> pepsi8%. beauty supply company that forgot the "r," ulta up 11%. starbucks up 14% and yes, tesla, up 33% for -- but that was from -- had some issues you know, it's kind of a rebound more than a new market cap gain. >>> all right. a lot more coming up on "squawk box" this morning. you don't want to miss it. we're going to talk oil, equities, and the mighty dollar. we'll talk about whether it's mighty or not. our trading block standing by ahead to talk all these things >> tesla was up for the year i thought the same thing when i saw it >> take a quick look at the futures before the head to the break. dow about 120 points we're back in a moment ♪ >>> good morning, everybody. welcome back to "squawk box" here on cnbc we are live from the nasdaq market site in times square. among the stories front and center this morning, mortgage applications fell by a tenth of a percent last week. that's according to new figures from the mortgage bankers association. new purchase applications rose during the w

pepsi, a company that's really pushing it onto consumers.hether it's transport or whether it's aluminum, our history has always been to price through inflation in our developed markets we did that post q3. and one other company, they are taking a hit to earnings so really adversely impacted our results. those are the three ways we find companies dealing with it. they try to pass it on, they try to increase productivity, or they may have to eat it in earnings >> thank you, steve, for that. want to bring in the senior economist and founding partner at rdq economics you heard what steve had to say. you saw the number what was your expectation relative to where we landed? >> in line with that apart from didn't expect the tick down on the year over year rate but we were expecting that energy price boost this month. of course we know that that's going to reverse this month. this was pretty much in line the only thing surprising was the winding down >> how anxious does this make you or not >> it doesn't make me anxious. i think what we're looking f

. >> they had the guy from pepsi you know i don't know this has been quite a success story when jobss this target. >> let me explain why target shares are down. the stock down by 8.6% target came in with earnings of $1.01 $1.09 a share. the street was looking for $1.12. the gross margin rate fell substantially, 28.7% versus 29.6%. higher supply chain costs were a part of the problem largely because of the growth they saw in digital fulfillment costs tar gget has had a push where yu can order online, pick it up in the store or use ship, a delivery service all of those things are was the customer wants, but that comes at a cost. so target shares had one up as people on the street were happy to see all of these different options that target was offering the reality is for any retailer to do this, it is going to cost more money that's what you're seeing here the company is still looking for fiscal year earnings of $5.30 to $5.50. street was at 5.41, just about in the middle of that range. again, the gross margin rate will be an issue you're also talking about a company that admits it's p