now, you used to work at pepsi. do pepsi people ever remind you that you have coke?hris: we've had a few dialogues over the years. and, you know, my short answer is, the way to get pepsi into mcdonald's is, get people to prefer pepsi over coke. back to the point of, we are going to sell whatever the customer wants. so yes, my pepsi friends periodically check in. david: but some people say your coca-cola is made in certain ways that is better than what you buy the bottle. so what is it that you do that is different with your coca-cola? chris: so, i would agree. i think it is better. one of the things that we have as an advantage is, because of the volumes we do in our restaurants, our volumes tend to be higher than anybody else out there. it allows us to buy equipment that is able to be titrated or calibrated more precisely than maybe some of our competitors. and so, what we are able to do because of the equipment we are able to buy, which is more expensive equipment, is we are able to deliver what coke would describe as their gold standard product on a more consisten

. >>> coming up, breaking the record for largest collection of pepsi cans. >> way, what? "mom!"i've lost 13 inches in my waist. they're outta here. you eat normal food. you're not eating diet food. i'm doing something good for me finally. (announcer) go to golo.com to lose weight and get healthier. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance. ♪ >>> time now for "wait, what?" starting with a man in italy with a real can-do attitude. >> he's amassed a collection of thousands of pepsi cans and is showing no signs of slowing down. >> wait. what? >> at 12,000 pepsi cans, christian

pepsi put out a pretty good earnings report yesterday.e'll use that as a backdrop teaching you to how to read income statements, more importantly how to know what companies might make it through this inflation scare. phil blancato will help us with fundamental school next. ♪ >> tech: when you have auto glass damage, trust safelite. this dad and daughter were driving when they got a crack in their windshield. [smash] >> dad: it's okay. pull over. >> tech: he wouldn't take his car just anywhere... ♪ pop rock music ♪ >> tech: ...so he brought it to safelite. we replaced the windshield and recalibrated their car's advanced safety system, so features like automatic emergency braking will work properly. >> tech: alright, all finished. >> dad: wow, that's great. thanks. >> tech: stay safe with safelite. schedule now. >> singers: ♪ safelite repair, safelite replace. ♪ with my hectic life, you'd think retirement would be the last thing on my mind. thankfully, voya provides comprehensive solutions, and shows me how to get the most out of my workpla

, pepsi is a staple so it does well in good times and bad, but pepsi is doing really well and it's broad based 13% organic sales growth that was a beat. they lifted their full sales outlook to organic growth of 10% instead of 8%. it's not just higher prices driving this growth. volumes were up as well. i talked to hugh johnston, the cfo and vice chair, they're not seeing any change from consumers. no change in patterns. things like starbucks frappuccinos which pepsi does manufacture in bottles and at the low end like santita's chips. in restaurants, pepsi's business drew double digits there convenience stores up high single digits despite high gas prices pepsi, like all companies right now, is raising prices or shrinking packaging. johnston told me he sees relatively low elasticity or pushback from consumers as a result of these price hikes and he thinks they're still benefitting from higher wages. as to whether the price hikes continue, johnston says it depends on whether the consumer continues to hold up so far despite all the hand wre wringing on wall street, at least one large consum

. >>> let's talk pepsi did you get that thing yesterday? >> i did i got a bag of lots of carbs >> yeah. lots of carbs. ketchup flavored doritos you know who would like that mark haynes. >> loved the guy >> pepsi reporting $1.86 a share. better than 1$1.74. pepsi raising the revenue forecast saying the demand for soda, snacks is remaining strong amid rising prices we talk to hugh johnston in the next hour. we will ask if there is most contents settled during packing than before. most of my bag looks like more of the contents settled during shipping i think they have been -- that is one thing you can do instead of raising prices. fewer doritos. it is doing me a favor. >>> coming up, steve liesman joins us about the red flag potential for a recession. >>> and later, amazon prime day sale under way we will tell you what it means for the stock. usual lly not much. you are watching "squawk box" on cnbc >> announcer: this cnbc program is sponsored by td ameritrade. where smart investors get smarter. with my hectic life, you'd think retirement woul

diet pepsi." "i love diet pepsi, especially a robust, red diet pepsi.iet pepsi rosÉ. i also enjoy boxed diet pepsi. it doesn't have the same notes as the bottled one, but after a few"-- ( slurring ) ( laughter ) ( cheers and applause ) ♪ ♪ ♪ thank you, thank you. until they face consequences, the ex-president's family is still out there peddling their wares, including eldest maga son, don jr., seen here wondering, "how come the airplane doesn't have to flap?" ( laughter ) don jr.'s latest business venture is an homage to his dad. he's been promoting "good ranchers," a maga-friendly mail-order meat company. he put his endorsement on inta-gram... sorry. ( laughter ) ( laughter and applause ) no, no! what is inta-gram? did you put that up on the inta-gram? you get that up on the "titter?" on the inta-gram? he put his endorsement on the inta-gram. ( laughter ) some delicious andoullie sausage in your inta-gram. mix it up, hey-o, high-oh, hah! ( laughter ) he put his endorsement on instagram, the tv of your phone: >> guys, if you haven't heard about good ran

. ♪ ba da ba ba ba ♪ [can opening] "ahhhh" "mmmmm" [laughing] empanada mejor con pepsi.. empanada mejor con pepsi. he estado ocupada, prima. ocupada patty. ahora es gigillonaria. ¿gigillonaria? tiene at&t fiber con velocidades hyper-gig... su internet es tan rápido que nos la pasamos viendo series en 8k, sin parar. pero verlas no es lo mismo que hacerlas. mija, sabías que patty... sí, sí... gigillonaria. soy la nueva celebridad de la familia. vive como gigillonario. obtén at&t fiber - ahora con velocidades de hasta 5-gigas. disponibilidad limitada. en universal studios hollywood probamos todo para que tengas el mejor día en l.a. el indominus... ...versus el tiranosaurio. ¡aaaaaaaa! terrorífico. ¡prepárate para woah! ¡el mejor día! >> [gime] sÁcame de aquÍ. >> resiste. tranquila, tranquila. ¿estÁs bien? >> [jadea] todavÍa no. >> ¿te hirieron? >> no, estoy bien. >> tenemos que irnos de aquÍ, ¿sÍ? >> sÍ. >> vÁmonos. >> aguarda, espera. [jadea] [♪♪] [♪♪] >> quÉ alivio verte. tenemos que irnos, ¿sÍ? >> de acuerdo. >> no estoy armado. >> demuÉstralo. >> [gime] [♪♪] [♪♪] >> le

morgan, also delta, pepsi, and some of the names on the calendar. we have a big week ahead. how are your positions going into the week? >> i am still defensive. honestly, this week surprised me quite a bit because. about it a bit last show, yesterday. really for me nothing has changed and understand how the employment number says okay, maybe we need to pump the brakes in terms of the recessionary pressure, at least the timing of when it might be coming, but i really think quantitative tightening and the fed are impediments to continued growth, at least the pace of growth, and, that has been fueling this market along with liquidity. i think that has changed but i think the fed is more emboldened to continue to tighten and we will see that bleed through into the markets and the general economy. >> what did you make of the numbers today from the jobs report? you think this is locked in a 75 basis point hike at the next meeting for the fed? >> i do, and we have the fed news this week which let us know how emboldened they were in their last meeting. what would we have rather seen

amgen, pepsi and monster beverage are within 5% of the recent highs you take a look at amgen, pepsi andster beverage, consumer staples companies and then the health care biotech for amgen. the single best foremaning stock in terms of distance away from highs, check out vertex pharmaceuticals. that stock is running an eight day winning streak it's up, you can see there up 49% over the course of the last year up another .5% today so there are some relative momentum trades that are playing out right now in the nasdaq 100. they just don't happen to be in technology we often say tech heavy nasdaq when we refer to that trade. but still some of the health care bioteches and consumer staples in the nasdaq are doing well. >> forgive me for not knowing vertex, why it may have moved that way >> health care is a huge momentum trade so far. it's been a defensive play big pharma all of those types of companies that have done very well some of these companies have actually paid a dividend not some of the biotech names necessarily. but vertex is a stock that has seen investor sentment as things go the

his collection of pepsi cans just broke a world record.han 12,400 cans from many different countries. many are rare including one made for a nasa mission in 1985. >>> finally a whale of a story from a young kayaker. >> an experience he'll never forget. check it out. >> now, this video is adorable video. it is from australia. the whale started circling that kayaker named will. he started screaming and paddled back to shore but not before taking a bump. his mom said he handled it like a pro, unlike his his tearingal mother. >> stay calm, stay calm. >> life can be overwhale-ming sometimes. >> now it's just cool video. in the mom from prom dresses to workouts and new adventures you hope the more you give the less they'll miss. but even if your teen was vaccinated against meningitis in the past they may be missing vaccination for meningitis b. although uncommon, up to 1 in 5 survivors of meningitis will have long term consequences. now as you're thinking about all the vaccines your teen might need make sure you ask your doctor if your teen is m

we had pepsi last week that did the same they talked about a very strong consumer, resilient consumers of demand in the face of double digit price increases we had mcdonald's this morning and they posted a 9.7% comp and had upper single digit comps across every region, so they're doing a really good job in terms of the menu changes and delivery and digital and all that kind of thing. so they're all seeing inflation, but they're also saying demand has held up. so it's a very mixed picture at this point we'll have to see, sara, if these companies that i just mentioned have pricing power or not because that's critical for them, at least at the onset. but i think it's a mixed consumer and i think the high end is doing better than the low ending if i had to choose between target and walmart, i would take target not because i own it, i do own it, but it has lagged walmart by 23% year to date and trades at 13 times forward estimates and gives you a decent yield and has already taken their medicine. >> they're more of a staple. aren't they considered more recession proof because they have suc

or, "how about pepsi with rat poison in it?"t figure this out i mean, i studied logic in high school, and thought i was good at it, but i guess, like you, i'm rusty. [ laughter ] please, help me understand [ laughter ] please, help me understand why you would vote for trump again after what he put you and your family through i feel like i'm going crazy. in fact, this might not be a "what the hell?" this might be a "i feel like i'm going crazy. ♪ i mean, are you one of those grouchy old guys who can't admit they made a mistake? i'll bet that's it you're that dad who puts together a piece of ikea furniture without looking at the instructions and insists you got it right "damn it, this is what it's supposed to look like! [ laughter ] "now put your damn coffee on it!" [ laughter ] and bowers isn't the only one. remember brad raffensperger, the guy in georgia who trump pressured to find extra votes for him? he was on the other end of this infamous phone call. >> i just want to find, uh, 11,780 votes >> seth: "votes. [ laughter ] that

oh, it's the height of an average, nice korea. thousands of japanese fans cheering pepsi. let me go to concerts in tokyo, even if the singing is made of flesh and blood. at soon, amy, cuz choreography is programmed, and movements were 1st performed by real life dances, and then transferred to the appetite with motion capture. even after 15 years, fans still celebrate this virtual avatar like a real pop star. had soon amy, whose fame even surprised her own developers. manpowergroup for they were on your 1st day, i hadn't expected such a success. oh miss massey, i knew it would be an unusual piece of software and i still have to go and i hoped that people would be curious to use it on us cuz we're an all state my but i didn't dig on back. she would be opening for lady gaga and o n gamma mother, so big i dislocated more initially the company plan to release in houston city boisvert vocally software musicians can use it to add artificial vocals to their music without having to rely on real singers and editing interface allows artist to adjust the lyrics, peach, and other param

mejor con pepsi. "ahhhh" ♪ ♪ este 4 de julio, y toda la temporada.e macy's y segÚn organizadores, 48 mil proyectiles adornaron el cielo de la ciudad de nueva york de colores, y le siguiÓ un show con artistas de broadway y artistas como pitbull. >>> un brote de listeria fue vinculado a una marca de helados de la florida. se aconseja aos consumidores desechar helados de (nombre en inglÉs) que tengan en casa. tambiÉn limpiar cualquier utensilio o Área que haya tenido contacto con este producto. la compaÑÍa dijo que no estÁ comprobado que sus helados estÉn relacionados al brote y que cooperan con las aoridades de salud. >>> y una ciudad estremecida en

if you look this morning were heard from pepsi this morning and pepsi raise revenue guidance and theywhen you get your snacks from pepsi there could give you a smaller portion that's how they're dealing with the inflation the higher cost to make the product. they could give you less when you talk about companies like apple and microsoft they have been doing this for a very long time they're going to figure out how to continue to innovate and how to be profitable. i'm not concerned about the earnings i think after the pullbacks that we've seen in these companies decent to strong earnings are going to push stock prices higher. stuart: if we get one bad disappointed from a tech company does that upset the whole apple card. >> look at what amazon is had a big selloff recently. if amazon comes in line i would argue the market is pricing more negative news that could be a catalyst to push it higher. if someone blows up and misses earnings or says something that is outlandish it's going to hit the stock but the individual stocks are going to trade higher on their earnings and i expect a stro

markets eagerly waiting reports like pepsi, taiwan semi, broad markets ready to kick off with the nasdaq bite more than 2%. the dollars continues its eye- popping climb -- with the euro for the first time since 2002, so how much could that be impacting companies? >> wow. we have been talking about it over the last few weeks. microsoft announced it will be reported -- got our tennis up and they were specifically focused on the average effect of the strong -- very consistent with a lot of u.s. multinationals. you will hear a lot of companies talk about constant currency and they will try to avoid this recent surge we have had the quarter over quarter and year-over-year there will be a huge impact in a time we know there is inflationary pressure with the input costs of all sorts of things going on and you mentioned the situation in china. all of those things that you might have thought as we entered into the second half of the year that might be in the rearview mirror are still hanging around and i think the dollar is probably the one thing the people do not see it being where it is right n

the other thing, you just talked about pepsi. pepsi announced a revenue increase of 5.2%. then they came back and said prices were up 12%. so the people that are saying let's look at these major corporations and their earnings are in good shape. neil, you have to ask the question, i've been doing this 50 years, how much is price, how much is mix, a richer higher products and it's sure not volume based on everything that we heard from your reporters. so -- >> neil: nevertheless, you think about it, bob, you hear delta come out with and saying that their numbers are less than thought, but we see a boom going on well past the summer. we've seen that add crowded airports. packed restaurants and theaters. i don't know if this is the final splash or whatever. but a very resilient consumer thus far. what do you see happening? >> yeah, i think, again, what we heard from delta is a lot of it is the price increases on fuel. wage increases for certainly the ground crew. even trying to find people, even if a flight is on time, my personally experienced 30, 40 minutes waiting for a gat

pepsi sells a lot of goods outside of the u.s. they have had to raise prices to absorb the strength in the dollar. this is something we will hear a whole heck of a lot of. we won't have companies that are able to raise prices the way pepsi did. it is important to remember that these are the lower end prices. they could work at this point of the cycle here. that will not work for the higher-end products. again, listen, corporate earnings, what are the major impacts? we heard about margins. we talked about margins that were peak. many companies are still trading at multiples that are not reflective of the broad market. microsoft will be going on next week. on thursday, when they report, they trade 24 times next year. i think there are a whole host of things. we are early on this. until we see that we are in a recession, it is issued first and ask questions later in the market. to make that is interesting, with a hot number, and the fed having called out the housing industry, something they need to cool down, it was surprising that a

de donde sea, arroz con pollo: mejor con pepsi. rojo, con jitomate...servaciÓn espacial para hablar de estas observaciones hablamos con la doctora (nombre en inglÉs) bienvenida gracias por estar aquÍ? >>> gracias por invitarme un placer >>> cuÉntenos ¿ cÓmo ha sido para usted ver estas imÁgenes mejoradas de nuestro universo? >>> bueno ha sido un momento superespecial, despuÉs de tantos aÑos de trabajo y todo este perÍodo de comisiÓn y finalmente ver el resultado ha sido un momento espectacular que ha excedido nuestras expectaciÓn >>> nos puede decir quÉ es una estrella agonizante? >>> bueno, vieron ayer una de las imÁgenes las estrellas son un poquito como los humanos nacen, viven una vida, y despuÉs al final mueren. la que vieron ayer fue el final de una de estas estrellas y cuando se colapsa emite este material que vemos con estas nubes de polvo y esta es una parte importante de cÓmo estamos aquÍ porque son en estas explosiones donde se generan estos elementos mÁs pesados como carbono, nitrÓgeno etc es un proceso importante para formar nuestro planeta

pepsi is like an a-plus rated credit incredibly safe. treasuries, you have rebuilt a little bit of a nominal yield cushion so maybe it fields attractive you're getting 4% or whatever it is on a five-year paper. so it's understandable even when you have riskier debt, it's been selling off and spreads widening out. >> let's talk about the bank stocks because they are under pressure after disappointing earnings from jpmorgan and morgan stanley jpmorgan was hit by an increase in loan loss reserves and suspending their buybacks. morgan stanley missing on the top and bottom leslie, what is the read-through for the rest of the banks reporting tomorrow and monday? >> it's interesting, sara. if you look at how the rest of the banks are responding, all of them are underperforming the s&p 500, but morgan stanley is the best performer out there which would indicate the market isn't too concerned about the results they saw with regard to investment banking they were pleased by the offset that came from trading activity during the quarter but underper

there will be companies that are unaffected or put up good quarters, pepsi being an example of that. i think that unfortunately those will be few and far between. i don't paint this picture, though, to tell you like, you know, go to cash or everything's terrible this is what you have to live through. this is the way the cycle works, and i've always looked at, you know, overall markets or overall sectors, just in the context of, like, not every day is your birthday not every day is -- so one of the things that i repeatedly emphasized on the show, you know, stephanie's bullish, jim's bullish, i'm bearish but a lot of this is a difference in time frame i don't think you'll be upset if you buy a stock today, and you look at it three years from now. i do think you will two weeks from now >> let me ask you this, though >> that's reallywhat we're debating on the best do you think the risk/reward for st stocks has improved? >> of course it has. >> i think that's what amy is suggesting she's right. >> as you move into the second half of the year. >> buying stocks at a 30% discount to what for

well, let's talk about pepsi. >> you brought him up. they did report last night. what they reveal is it up optimistic. >> yeah, i think their revenues grow. their earnings grew. they're dealing with inflation just like you and i are. so their cost of goods to bake stuff and make stuff is more the ship. it is more. the supply chain is getting better. they make doritos. they may carry she is. they make fritos ruffles near east rice race around e so they're kind of a big consumer player. i mention ruffles, which i love but now my ruffles or in smaller sizes, my race row, knees and smaller sizes. so instead of on the box saying 3 servings of might say 2 and a half. it maybe it's a $0.10 price hike. but with a 10% reduction in how much it feeds. so that's how they're getting by fewer chips in the bag. so to speak, same price or higher price. so they don't really feel it. the consumer slowly put to sleep with inflation, but all things considered the consumer is doing well and we're still consuming food even if it is a higher price point. so it's it's a positive. i'm in

, mcdonald's -- >> i knew you were going to say pepsi again. >> because eventually i'm going to own it. but even mcdonald's, a 9.7% comp i'm not saying -- >> to be bullish on amazon, you have to believe that the cloud is -- the cloud -- >> the value of the cloud at this point is like half the market cap that's already helping amazon. that's why it has the multiple it has, by the way >> justified in large part because of the expected growth of the cloud >> look, i own some amazon to get very bullish ahead of this week's earnings report, you have to have the belief that their consumer,s radically difft than the consumer. the worst-performing group in the market is consumer discretionary. these stocks have been absolutely hammered. we keep hearing executives at goldman sachs and american express this week tell us, there's no sign in the data that there's a recession. it's just something people are worried about. but no sign in spending. yes, there is. the sign is, in what people are trading off in order to spend the money they need to live. so when you hear walmart say, apparel got hard h

said that he drank 30 cans of pepsi a day for 20 years even crazier, another man in the u.k. had rc cola twice [ light laughter ] if there's any rc cola fans in toledo watching tonight, it's a -- apologies. today was actor jussie smollett's 40th birthday. at least he says it is [ laughter, groaning ] move over, rc cola joke. [ laughter ] and finally, according to new data, the price of a pound of lettuce has increased by more than 11% in a year to give you an idea of what a pound of lettuce looks like, order a big mac. [ laughter ] and that was a monologue, everybody! [ cheers and applause we have got a great show for you tonight. he's a two-time oscar winner who is starring in "elvis," which is out on friday. the one, the only, tom hanks is on the show tonight! [ cheers and applause and she is an oscar-nominated actor who stars in "the umbrella academy" on netflix. the third season begins tomorrow elliot page will be here as well [ cheers and applause and his cookbook, "turkey and the wolf: flavor trippin' in new orleans" is out now. he's going to show me how to make a prope

. >> i have done the hot dog diet coke combo or pepsi it's like $1.80. >> it's hot . >> we can manage a hot dog outside, definitely cold. we are going to get some relief in the forecast as we head through the next 24 hours. we are going to started off with a look at the smoke. i want to get this out of the way. we are talking a lot about the fire burning in the cemetery. i wanted to show you that through tonight also into tomorrow, the most harmful smoke is blowing and it will continue up to the sierra foothills and tahoe so watch out if you're headed there. for us, we may get a little bit of haze and it is expected to be moderate and generally not harmful. if you do feel anything and are super sensitive, limit your outdoor exposure. for us, temperatures in the 90s to 100. i heard from karen in concord saying it is hot out there. hang on, everyone else, we are going to get some relief. it's already beginning right now. an area of high pressure bring in the heat that will move off toward the south and east and it will allow the fog pattern to take hold. stronger than we have seen over

so it's not pepsi an opportune time. but then if a prime minister is failing to provide leadership, he needs to go over the last couple of days. there's been lots of drama within westminster. i wonder. has that sense of drama made it to the public? how did the public view this prime minister and his troubles? bo response has been well known in the public eye for many, many years. i suppose they've been holding show this shows this 3 sort of distinctive assets of his conceptions and the public festival. historically, he's generally been seen as relatively likable, much more so than competent and certainly much more so than being honest. and his reputation for honesty deteriorated some time ago. his reputation for competence deteriorated some time ago. and his likability is also diminished considerably, particularly in the wake of bart allocations. so i think what the public is saying now what they probably think is now is where the combination of long term trends and all those 3 things that come up being scratching their

the unilevers, pepsi they don't have the snack business that pepsi has. >> higher mix, too like the premiumn you hear walmart, you wonder if consumers are stepping away from premium brands, if we're going to trade down to lower brands, it's not the case in coca-cola. >> did we see mcdonald's if you give me a second to deal with my perennial problems with the computers here i can, yeah, if you give me some time, i can eventually do that >> why don't i run through some of the other earnings we've had. this is the heaviest week of earnings gm missing expectations, reporting $1.14 a sale versus the 1.20 that the street was looking for. revenue was $35.8 billion. they cited supply chain disruptions and russia's invasion of ukraine for some of the shutdowns and something that was wreaking havoc with the quarter. the stock down about 1.6%. we will be hearing from gm's cfo. general electric seeing about a billion dollars of free cash flow pushed into the future and it is still on track to create three independent companies. a little concern about the outlook for the future that stock up by about 5.

it's pepsi. they were make all-time highs a couple months ago. that's when the dow was hanging around 100. i think you will see them guide lower. if i'm looking at the xl. right here 73, a double bottom of 68. so xl seems interesting to me. >>> coming up, a check under the hood. could there be a u turn coming. >>> plus a huge drop in oil. could crude fall all the way to $65 a barrel. don't go anywhere. much more fast in two. this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. >>> quarterly sales missed analysis expect tailings. tesla starting the day deep in the red. you're watching ford. >> it's not a stock you want to own. we have slowing wage growth. we have inflation, lower purchasing power. we're seeing it i

as we saw in the earnings from companies like mcdonald's, coca-cola, pepsi a couple of weeks ago, people still spending on things like food, going out, buying soda and chips and things. it's more of a change in the mix and less of a complete slowdown. emily: the story is not over, we will watch the amazon results coming out later this week. another story we are watching, russia says it will opt out of the international space station after 2024. russia is planning on focusing on building its own orbital outpost according to its new space chief. this coming amid tensions between russia and the west over the war in ukraine. russia says it will fulfill its obligations to others at the space station. and it says that the space station is set to be commissioned by crashing into the ocean by 2030 anyway. this is bloomberg. ♪ emily: welcome back. microsoft and alphabet, the first of the mega cap tech stocks to report results. ed ludlow is here with the top lines from the earnings calls. ed: microsoft missed on the top and bottom line. what's interesting is they said asia cloud was a mixed bag. 1

>> if this weren't a family show i would buy several jars of this and do a comparison like the old pepsite test. the only way you're going to get a booty like j.lo is if that jar has a personal trainer and a chef under the lid and that's going to cost a heck of a lot more than 65 bucks, i can promise you. >> laura: i don't know quite where to go with this discussion, let's just say she's a very beautiful woman and she doesn't mind showing it off, i'm going to try to put it -- that lower third that we have, you love that. your time to read, go ahead to pick out now are making me laugh. in the midst of these economic woes, concert going, what's going on with concert going in the united states? it's always been a major distraction for americans. now inflation is even hit the concert market. remember when adele had to cancel her vegas residency last year? >> i'm really embarrassed, i'm so sorry to everyone who's traveled. i'm really sorry. >> it's the audience is crying now, her vegas residency is back on and the tickets are going from anywhere between several hundred dollars and $40,000 a t

we heard a great story from coca-cola and i think pepsi can tell a similar one. maybe even when it comes to snacking at home with frito- lay, provided transportation costs are under control. wednesday, we hear from delta airlines. i think the consumer is not finished traveling. maybe they have everything they need at home but, they are not done traveling. we just saved so much money and missed out on so much travel so now all the airplanes are filled. delta is saying things are not good and that would be a true revelation. and then the banks reporting. we are getting used to the stocks getting crushed after the report. but what if they are so far down this time that there is nowhere left to go but up. the banks tend to become more profitable every time the fed rages interest rates because they can invest at a higher rate than the will pay you. i think the more this happens, it offsets any damage that could cause by a potential. a potential increase in bad loans. it is amazing that when their net margins were lower, the stocks were higher. now that the net interes

earnings season gets under way we start with pepsi tomorrow delta on wednesday things kick in high gearay with earnings from morgan stanley and jpmorgan chase and then on friday the june retail sales and july c consec sentiment. >>> time to get random, but interesting on the markets we think this is really interesting. we may do something this year that has not happened in 50 years if ever. that is to have both stocks and government bonds go down in the same year. look at the data from charlie and compound capital going back to 1976, s&p dropped eight times. you can see that in those years when stocks fell the u.s. aggregate bond index has gone up that is a huge index fannie mae and bank debt which is widely bench marketed and followed and owned what this is saying is diversification is supposed to work bonds go down and stocks go up sometimes by double digits that mitigates the pain of the stock drop that's the idea. not this year. the first time in 50 years or maybe ever, the s&p 500 and many big bonds are down that bond index is down 10%. one of the biggest drops ever. meaning there'

inflation is expected to rise above 8.6% in may on the corporate side, we are expecting earnings from pepsi out tomorrow and followed by delta airlines on wednesday. major lenders jpmorgan chase and morgan stanley are due on thursday joumanna, i think the earnings this week will be interesting. you made this point last week when you came back after nine months away. youlooked at earnings expectation and said they don't look too pessimistic is that a positive sign? that is the perfect starting point for earnings >> the questions are the trajectory this will turn and from the profitability standpoint, it is interesting to see how it all comes out with the supply chain and potential recession fears plays into not just earnings now, but also the companies jutoutlets. >> the point of not too gloomy is a perfect starting point. we could be in for significant downgrades if companies come out warning and downgrading guidance, that could be a difficult back drop >> when has the market paid attention to valuations this year this is all like a whholistic mv and pull back for stock markets. it is a bro

coca-cola today, volumes were a little better than pepsi had been, but it is definitely something we are keeping an ion. -- an eye on. in terms of the amount of stuff people are buying, it is not nearly as robust as the prices are increasing. alix: the conclusion of all of this, consumers are buying stuff and more price-sensitive and trading down to some extent. at the same time the consumer confidence number not great but you pointed out that the inflation reading is coming down, still at seven but much lower. is this the kind of thing the fed will be happy to see and talk about at the fed meeting today? michael: to a certain extent. new home sales dropped the lowest since april 2020, the height of the pandemic. you have to go back to 2018 before that, so a significant slowdown and it bleeds over to the consumer confidence numbers because they ask about buying plans and we saw big drops in the number of people who are going to buy cars, homes and assertively the amount of number of people buying major appliances. yes, consumers are perhaps slowing down on goods, but we have to see t

pepsi in particular came out, upgrading for the second quarter in a row, their expectations for profitston up a whole 1% after saying they were going to move their manufacturing of their bikes and other supplies to other partners and not make it in-house. american express -- and jon, this goes to a store you're talking about -- morgan stanley downgraded their expectations for the company because of consumer spending and a pullback away from oil and gas. that bank of america report you're talking about, about card spending. jonathan: a ton of price target cuts. lisa, thank you. tom: what did betsy do? jonathan: cut price targets on a ton of financials. still priced in with the price targets at the moment, some decent upside for some big names. building on what lisa said on the consumer situation, the new york fed put out there june consumer expectation survey and short-term inflation expectations are up. medium-term are down. home price expectations are lower, spending expectations are lower. just across the board, not what you want to hear. tom: extraordinary to see on the amazon prime

hot dogs: better with pepsi. ahh! nerd i miss jim.n on the fence about which one to go with. how's it going, jim? i can't... i can't hear you. oh you can't hear me?! you know, at nerdwallet, we have side-by-side comparisons of top credit cards. that way, you can be sure you're making the smartest decision when it comes to earning rewards on hotels and plane tickets. so you can get off the fence and we can go to hawaii! i'm coming down! do you need the ladder? yes! i need a ladder. yes. nerdwallet. the smartest decision for all your financial decisions. sorry i'm late! dude, dude, dude... oh boy. your cousin.from boston. [whiff] [water splashes] is it on the green? [goose squawks] i was just looking for my ball. 19th hole, sam adams summer ale. [goose squawks] (here you go.) (cheers guys!) ♪♪ what if there was a secure place with lots of tough layers to get through. and even a separate and secure place to keep your most important stuff private. “whoa impressive.” “if this is the kind of security you want” “you can have it right here in

low, that they might have a nice beat tomorrow conagra, on the other hand, people are remembering pepsihad real strong numbers because they passed costs along and raised prices nicely, i think it doesn't have the kind of brand that, will for the most part, allow them to be price setters. i'm a little afraid folks are too optimistic, that the costs will hit them, but the pricing won't be as strong as maybe other folks. so i would be a little conscious on conagra and i would focus on the costs. >> still trading above a 14 forward p.e., so not that cheep. to our final name here in the bellwether semi paste. taiwan semi is 44% off the highs. the entire chip sector has gotten dragged down, of course kristina partsinevelos has the story. what are you watching? >> we're going in knowing that taiwan semi already posted better than expected quarterly reviews. this foundry in particular, that pretty much makes the most advanced silicon chips, is expected to hold up. you have apple's chip ramp, means more business to taiwan. intel's cpus, which means more deplanned for more advanced nodes. nvidia

you have corporate reports of note pepsi earnings out next hour boeing's second quarter delivery relwe he hear from fed president thomas barkin. not to be mistaken for ellen >>> and the market may lose steam as the market losses are moving into today. let's bring in greg sarian we highlighted what happened today. tomorrow is the only day that matters this week. the consumer price index and inflation data at 8:30 a.m. eastern time how closely will you watch that or am i off base >> brian, thanks for having me back it is a critical number. the last eight or nine months, inflation is getting worse month after month, the producer price index numbers and market needs on to see it backwards, but absolutely needs to say it stabilize. we have the fed in a couple of weeks and what they say about their direction and leaning with powell being a being adamant and you nailed it. corporate earnings the ceos and cfos say about guidance and how are they managing costs and what they do with inflation is important for returns in the next six months >> earnings estimates, ubs knocked them down. oppenhe

first off, pepsi, because you think that will demonstrate how the consumer is behaving.> absolutely and here is why. many people compared to coca cola, stuart but it's not a beverage company. it's a snacks company, almost 50 % of their revenue comes from things like potato chips and grab-it-food so quaker brands, lay's,fritos, those are all folded into the pepsi franchise. we'll see where and what consumers are buying. stuart: but you're not recommending pepsi, you aren't buying the stock, you're saying it's a very good indicator, right? that's what you're saying? >> exactly. it's a bell weather. for purchases, if i want to go after the consumer i'm going to be into a stock, and i am, into a stock like costco, for example ,, because i want to be into the proverbial food chain, not just the food itself. stuart: so costco is very good results today. how about another one you're looking at is jpmorgan. what are they going to tell you about the economy? >> this is the interesting one. jpmorgan is not about the financial results that everybody is going to be thinking. it's re

i'm a charityible guy you can buy pepsco in this darker situation because this company belongs to pepsi. they just had great -- people still drink soda and it's raw costs will come down. finally i like consolation brands. beer does bet america a recession than not. corona, pacifica, that's a long neck. kids like to over pay for that one. alarmly well with kids over 21. playerly well in texas where it does well. that's where it's major markets are and it's unusually hot. that's fabulous beer weather. consolation hit with a wave of insider selling long side -- that's okay. its been widely telegraphed. sitting on the shares. think the stocks can rebound eventually. don't pay up because the [inaudible] will keep knocking down. giving you the business with the sales. get better prices. here we go. we have mild, okay? we have moderate. yeah. that's me. we have severe. these are the choices okay? this is it. no more is like what -- be serious, be a dozy. we gave you the whole thing. can we avoid a recession? there's always the chance for no sauce at all in which case the diverse portfolio won'

this is like if somebody asked me if you want your pepsi, and you say i love a fruit rule up. it's completely irrelevant. steve bannon defied a legal subpoena in a way that was not illegal. it was not even a close approximation of legal. and so, the u.s. justice department is prosecuting him for doing that. the reason he's been getting all this press the past couple of days, is because this criminal trial is about to start for that. he's facing up to two years in prison. as a last-ditch effort to try to screw up that case against him, he came up with this new gambit, in which he says, president trump has not released him from the bonds of executive privilege, so he now would like to testify, please. you know, right before his trial is supposed to start in federal court. and he's doing this because it's trying to derail this trial. and the reason we know that none of this matters, it's because today, the federal judge hearing steve bannon's case, laughed it all out of the courtroom. bannon in criminal trial is not derailed. bannon has not even succeeded in using this tactic to

disney corporation, american airlines, pepsi. corporate board rooms and so all of these institutions were a variety of reasons have decided they are going to join this minority of the population reformatting the united states. because they are ideologues and they are losing popular support all ideologues would rather be nspolitically correct, ideologically correct. vegetate losing power become unpopular than to adjust and be considered ideologically incorrect and be popular andng successful. all the things i mentioned signs and symptoms mean nothing. believe me our delaware resident joe biden is not going to call up the democratic and republican leaders of the congress and said you know what? the borders open. we'll have differences but for now it's finished the will discuss the present one call up andut say we have discussions of energy, green energy when truckers are paying $7 for diesel fuel in california. let's just finish the keystone pipeline open up and encourage fractures to get going.s try to make sure the lending instit

get a hot doctor to be a pepsi the hot dog. that would be good with a pretzel. >> have to be all grown up about it. >> interesting. so i've been told. >> thank you, scott. thank you for not squashing it on us. new this morning, videogame sales, expected to decline for the first time in years. mike a study by the mpr analysis forecasts that there will be a more than 1% walk by the end of 2022. but the industry that saw a brilliant in the mix, reaching a record 199 billion in sales, now seeing the your drop and the year is expected to drop by $188 billion by the end of your. >>> meanwhile, supply-chain shortages, fears of a possible recession, i think because we can finally go outside. we are at that point in the pandemic. >> go outside, y'all. >> yeah. go out. this morning, there is a special invitation to middle earth for fans. >> yeah, but in order to get the full expense, you're going to have to be a member of this. so, in addition to this trailer we are seeing here, five numbers have the exclusive axis to a new scene, but on

come up constantly and are pretty familiar big dividend payers, widely owned names like coca-cola, pepsi and broad come other popular names, ibm, exxon and phillip morris tyler, over to you >> thanks very much. >>> after the break, today's working lunch, we got jon fortt who's going to speak with the ceo of cliff only at vanguard you're more than just an investor you're an owner. that means that your priorities are ours too. our interactive tools and advice can help you build a future for the ones you love. that's the value of ownership. ♪♪ age before beauty? why not both? visibly diminish wrinkled skin in just two days. new crepe corrector lotion only from gold bond. champion your skin. for your consideration, the world's most innovative eyewear,. turboflex. turboxflex frames are engineered with a 360 degree hinge disguised in the design. for maximum comfort, flexibility, and performance that stands the test of time. now, strength meets style. invest in the best, turboflex. find your retailer at turboflexeyewear.com >>> fintech companies are among the winners with paypal, block, and aff