. >> pepsico. people think of pepsico as stodgy but it's a double-digit growth company selling at its lowest price-to-cash flow in 20 years, it pays an attractive 3% dividend and it's increased that dividend every year for 37 years. >> paul: do you own the stocks mentioned or have any other disclosures to make? >> absolutely, paul, we own all of them. i wouldn't recommend them if we didn't like them and we also use schwab institutional as our custodial firm as i mentioned. >> paul: they would benefit nicely from a big bull market as well, would they not? >> they're all in sectors that should be among the leaders in this bull market. >> paul: very good. unfortunately, our time is up, but jim, as always, thanks for being with us. >> it's my pleasure, paul. >> paul: my guest, jim stack of investech research. >> jeff: recapping today's market action, stocks tumble on fresh worries about the consumer. the dow dropped 76 points, and the nasdaq fell 23 points. to learn more about the stories in tonight's

. >>> pepsico has struck a deal that will help it capitalize on changing trends. it's buying its two, main bottlers for $8 million. pepsi says it will allow the company to respond more quickly. >>> and procter & gamble can say it makes the official toilet tris of the national football league. they are announcing a sponsorship deal that allows the company to add a label to products, calling them the official locker room product of the nfl. >>> a new report might have parents of newborns crying right alongside their children. government estimates that a child born today will cost $290,000 by the time they finish high school. 32% f for housing. 16% for food. and 16% goes toward child care and education. and who knows what college will cost in 18 years. >>> remember, you can get the latest business news anytime on our website, abcnews.com. >>> and when we come back, a stunning development in the new york traffic deaths of eight people, including four children. >>> and joe jackson's family plans. he doesn't have many when it comes to his grandkids. these days, when you

people think of pepsico as stodgy but it's uble-digit grth companyelling at its lowest price-to-cash flo in 20 year it ps an attractive 3% vidend and it's increased that dividend every yeafor 37 years. >> paul: do you own the stocks mentioned or have any othe disclosures to make? >> absolutelypaul, we own all of them. i wouldn recommend them if we dn't like them and we also use schw institionalas our custodial firm as mentioned. >> paul: they wod benefit nicely from a big bull market a well, would theynot? >> they're all in sectors th should be among theleaders in this bull market. >> paul: very od. unfortunately, our timis up, but jim, as always, thanks for being with us. >> it's my pleasure, paul. >> paul: my est, jim stack of investech research. >> jef recapping today's market action, stocks tumble on fresh worries abouthe consumer the dow drped 76 points, and the nasd fell 23 points. learn more about the storie in tonight's brocast, to watch our streaming video and toake part in our daily bloggo to "night business report" on pbs.org. you can also emails at nbr@pborg. >> jeff: and

one of corporate america's most powerful women, pepsico's ceo indra nooyi joins me from her company's new plant in china. >>> lessons for life and business from a man knows. how you can pursue happiness even if will smith doesn't star in your life story. >>> increasingly, china is a key to the global economy recovering as it shifts from an export economy to a consumer-led economy. pepsi co, maker of soft drinks and potato chips and gatorade is trying to get a piece of those consumers as the country shifts back into high gear. recently i spoke with pepsi co's ceo indra nooyi on her company's growth abroad. >> china say country where the opportunities are huge but china also has a lot of issues and it's critically important that companies that come into china work with the chinese government to make sure they are making a positive impact on society. and you can see the excite. whether it's beijing or shanghai. you see the excitement in every part of china. so i'm very, very optimistic about the prospects of china. and let me add, maria, china has declared that the gdp growth rate is abo

pepsico's aquafina is selling for half its typical price.oca-cola has been unwilling to lower prices on the sodasani. >> there will soon be a new phase joining the "today" shobes family. jenna bush has been hired as a correspondent for the nbc show. she is currently a teacher in the baltimore city. she has authored two books already. she was intrigued by the idea of getting into television when nbc contacted her. her first show will be in september sometime. >> exciting. 61 degrees on tv hill. another check on the weather and traffic is straight ahead. >> every once in awhile one of the rookies turn out to be a diamond in the rough. would yesterday produce one of those diamonds for the orioles? that is next. >> does the start of the school year have been concerned about the spread of the h1n1 swine flu virus? email us at watercooler@wbaltv.com. >> good morning. kim dacey with the latest on traffic pulse 11. the good news is the gas main break has ended. it's all clear. fayette street is back open downtown. still dealing with a water main bre

coca-cola, pepsico and the other like hershey and cadbury.with sugar prices up 85% due to a monopolizationed sugar market, what is going on? it's the orbit of health care. a technology company and shares are up nearly 40% and utah announced this company would be a part of health care reform. if other state it is would follow suit, should this be important in solving the prisz? we try to look at new inside. good to have you with us. >> great to be here. one thing assuming this is right, it's a website where you go online and shop for insurers and there 180? who knew there were that many. >> we are a market place and operate in all 50 states. 10,000 unique products and they compare, learn, and objectively make a decision to meet the requirements for health insurance needs. >> 10,000 unique products and 10,000 possible plans. >> 10,000 possible plans across 50 states. that terrifies someone like me. i can check the box of how many dependents i have or preconditions. they give me taylored ones. >> precisely. they have a tremendous volume of succe

at number 2 is sheila bear and the pepsico ce oa. is number three. -- ceo is number three. y dealer. nkers is available with more eligible models to choose from than anyone. f i c ureryonklu qualifies to be recycled, you can get a $3500 or $4500 government rebate. and just announced! if you fuafyheliornklu ceror retebaer, you y also qualify fr 0, ap% for 72apon ms. that means you can buy a09 lt co retebaer, you y also qualify fr 0, ap% for 72apon ms. month after a $3500 government rebate and no down payment. to chevy.com for details. ♪ [ woman ] ♪ early light breaks through ♪ music a dance calling you ♪ just need that mountain grown lift ♪ ♪ before you share your gift ♪ ♪ now there's rhythm and sound ♪ making their hearts pound ♪ the best part of wakin' up... ♪ ♪ is folgers in your cup >>> welcome back. caught on camera, a million dollar plus heist at a j. c. penney. it happened at a store in covington, louisiana. a group of thieves cut a hole in the roof of a store and lowered themselves down by a rope. police say they were even able to disarm the alarm. police think the b

pretty significantly better than 8% on the first two, a% 5% on pepsi pepsico. >>> senate democrats are struggling it to win over enough republicans to pass a $2 billion extension of the cash for clunkers program. critics are calling it crack pot economics, transferring money from one taxpayer's pocket to another. and by the way, why not just give a $4500 subsidy for everything? let's ask leslie sanchez, republican strategist, sand rare are a, thanks for joining us. how about cash for cell phones? how about cash for coats? back to school shopping. cash for picture tube tvs. that would be environmental. get rid of the old tv thaz are wasting energy. everybody can get a huge plasma. i'm not even really kidding. what do you think? >> sure, why stop there. anytime you allow the government to decide winners and loser, you're clearly going to have a disadvantaged group here. but more importantly, it's not ensend advising or growing the government. again, you're getting the government involved in poor execution, poor management of these programs and ultimately costing taxpayer as lot more mone

th anosancee f ohe pepsico, kraft, d ad rontolsound out the top ten. first lady michelle obama debuts at number 40. just ahead of oprah. the list is based on factors such as economic impact, media reach, and career accomplishments. beating out oprah is a really impressive feat. i'd put that on my resume if i were michelle obama. >> i think so. >> all right. well, courtney, have a great day. >> you too. >> see you tomorrow. take care. >>> well, we always love sharing our wednesday's child success stories with you. today we have one that takes us back several years. you may remember a young girl named megan who we featured way back in 2001. no we can meet her with her new family. >> hi. i hardly recognize you. you have grown up a lot in the last eight years. >> yeah. >> who are all these people with you? >> well, here's my dad. >> hi. >> andre, my brother. >> hi, andre. what a fantastic family. where'd you find this family? >> well, they found me. >> hi, megan. >> hi. >> reporter: it was nine years ago that then 7-year-old megan was featured as our wedne

for example, companies that have a yaeld of 3 1/2 to 5% or 6%, bristol-myers, kraft foods, pepsico, johnson & johnson, at&t. all those are in that kag. get a good current return over the next year or two while we wait out these this period. >> those consistent growers regardless of what the economic backdrop is and also maybe along the way you can get the dividend. >> yes. >> emanuel, what do you think about that strategy? and also i want to get your take on the international strategy. >> you can get that also, but those are very defensive stocks and i think the bid has really been with risk and the way we played that is really with names like research in motion, google, qualcomm. their end markets are still growing, and most of their customers generate a lot of free cash. so you can get some of that earnings growth. and when we invested in them, you still were investing in companies on a three-year-out basis that is still trading at a discount fort to the market. >> real quick to emerging markets, do you want to have exposure there? >> no. absolutely not. >> barbara? >> yes. you think it's

. >>> pepsico shares are up more than 5% on word of plans to buy its two biggest bottlers for $8 billiond good news on the housing front today. pending home sales blew past expectations jumping 3.6% in june. >>> that's it from cnbc, first in business worldwide. now back to "hardball." >>> we've got the first "hardball" primary of the season coming out now. u.s. congressman joe sestak announced this morning that he'll run against senator arlen specter in pennsylvania's democratic primary next year. specter, of course, is now a democrat. the winner of that fight will face republican pat toomey it looks like in the general election next november. all three candidates are with us tonight. we begin with pat toomey, the republican. mr. toomey, thank you. when you announced that you were going to challenge arlen specter for renomination, you beat him in the polls, and then he switched parties. what are voters to make of that? >> well, i think what it demonstrates is that the only principle that's important to arlen specter is his own re-election. he had criss-crossed pennsylvania adamantly insi

earlier this year pepsico had offered $6 billion to buy the shares it didn't already own but bottlerse holding out for a higher price. we've been watching that go on for a few weeks. >> it's a big pop in the bottling shares, up $2 in that premarket bid/ask. >> both of them. >>> we are both with our all-star panel. since we're accomplishing so much, i'm not going to reintroduce everyone. that just takes away from the grift. senator reed, you were going to make a point when we went to break. >> thank you, joe. with regard to the point that senator hutchison made, i think the logic is if everyone is involved an insurance plan they will be showing up at the hospital with their insurance documents and they will be paid through their insurance company. so ideally the uncompensated care numbers will diminish dramatically. the flipside is if we don't do health care reform, hospitals will be overwhelmed with all the people who are losing insurance. we can't keep up with that demand in terms of uncompensated care. another general point, too, the cbo scores which we respect and follow, have a ve

two of those stocks they talk about on their cover -- in their corps story are two you mentioned, pepsicoe these could be rising as much as 20%. based on what they expect to see happening. does that sound like a sound number to you? >> it does. i mean, they're certainly a little more on the defensive e side, you know, inin in food an beverage, but i think that their relative performance will stand out in the next year or two. >> jason in terms of the data you're looking at to see when there might be a turn with the consumer, is it enough to look at housing now or do you need to see bottom line, retail sales, people taking out their wallet? >> i think a lot is driven by housing. >> really? >> i think our entire economy in many ways is geared toward housing. housing is really the basis for a lot of small business loans. it's the way job creation is created, basically, through small businesses. it's very difficult, again, to get, i think, secularly bullish in an environment in which housing is still under pressure. there's not a lot that suggests on me that's going to change. >> although we

corporate news, we'll mention quick, pepsico buying the biggest bottlers, nearly $8 billion, the bottlers have rejected an earlier buyout offer. marble entertainment reporting profits down slightly from a year ago, but still better than the street expected. the company benefitted from growth in the film production division, primarily its strong "iron man" dvd sales. a portfolio of more than 5,000 characters including spiderman and x-men, also raised the outlook for the year. ringing the opening bell -- >> i know. >> tell us then. >> the it's coming out this friday, right? >> that's why hasbro is, in fact, ringing the bell. the executives, the name of the movie, heidi, i know you have two small boys "gi joe" the rise of cobra. >> i played with gi joe when i was little. i have a friend in this movie too. we're looking forward to seeing it. >> gi joe for a whole new generation of viewers and children still out there and hasbro's very glad that it is. i don't have hasbro up, but we're feeling a little bit of giveback in the first minute of trading. >> appreciate that. >>> the u.s. army lookin

pepsico executive isd. irthir first lady akes he r m d esut her debut on forbes list this year in the number 40 slot. >> well, if you're still looking to take advantage of the cash for clunkers program, you better do it pretty quickly. the white house is expected to announce by tomorrow when the incentives will no longer become available. the progm offers car buyers rebates of up to $4,500 for trading in older vehicles for new, more fuel-efficient models. it's been extremely popular with more than 400,000 deals made. some dealers say, however, they are facing a cash crunch because their reimbursement requests have not yet gone through. >> there's talk once again to expand metro where local leaders want the transit system to go now. >>> they're supposed to ease the commute in northern virginia so why is arlington county filing a lawsuit to stop the construction of h.o.t. lanes? >> a local physician's assistant faces charges this morning. ebat he's accused of doing toti his patient in a doctor's of >>> good m

pepsico reach the an agreement to buy is the remaining shares of pepsi bottling group. remember, they made it all for a while ago, it was rejected. they're improving that offer. david will give you the details on that tradertalk.cnbc.com. how are we looking at the nasdaq? >> we're weak as well. closed above 2000 for the first time stenson 2008 but we will give a little bit back at the open. we'll see how the day plays out. a few interesting stories. palm and apple. palm is still trying to find a way for the pre to sink up with i-tunes. ebay had had global problems with pay pal unit, a major conduit to online commerce. they're down half a percent. human genome, an incredible story. back above that price right now. this a stock. here, 48 cents on march 11th. it's now at 14.72. they can raise $350 million. earnings, hologic. quick upgrades and downgrades. dish network. credit suisse, upgrade to outperform. bioscrip, is up. la lamar is down. >> they trade crude option behind me but they're watching the dollar, the dollar is the key part of the kpleblgs to watch today becaus

they include aetna and blue-cross/blue shield and we have pepsico and owens corning and nationwide children's hospital. and here is what they all have agreed to do, they have agreed to offer four visits with a primary care practitioner a year and with four visits to a dietician a year for children ages 3-18. this is part of the normal benefit portfolio. and they consented to the number of the kids. we have almost one million kids covered by this already. in the last five months. and in the next couple of years, we are trying to get to 6.2 million that's the number necessary to cover all the overweight kids in the country, in the age group. so i am not sure we can get there, but we are working at it. and it's really impressive. so the first thing i want to do is thank the insurers and the employers who are part of this. as well as the american academy of pediatrics and the dietician association that signed on to support this. this is really, really important. the final thing i want to say is that all of you can do something about this. i mean that's why we are here; right? and do i want you to

our partners in this effort are the pepsico foundation, city year, and communities and schools and thephiladelphia education fund. we've come to call the model diplomas now, because it helps schools do now what needs to be done, especially in grades 6 b through 9 so more of the students will earn their diplomas and do time. the very first school to begin implementing this model was feltonville school of arts an sciences in 2006. over the last three years, feltonville worked with us and the philadelphia education fund to create a teacher friendly early warning system and to develop a new team planning schedule that sets aside one of the team planning periods every he two weeks, from a meeting that's focused on discussing the students who are beginning to owe early warning system and on planning appropriate interventions for those students. so you see the interdisciplinary team, which has been the core of middle grades for a long time, is the core steering committee in a sense for making sure that the interventions are reaping the students who need them. the education fund helped the sch