. >> pepsico would not speak but sent a statement saying in part it has a robust plan.nts to an earerli score card which gave pepsico an 80, strong palm oil commitments. but when checking with the union of concerned scientists they said pepsico talks a good game but we're skeptical about ability to follow through on commitment. just because we gave a passing grade does not give pepsico a pass on human rights health, or other environmental issues. critics say it allows for clearing of rain forest and we have the full statements and links to score cards on abc7 news.com. south carolina governor signed a bill authorizing removal of the confederate flag from the state capitol the law requires the flag removed by tomorrow at 10:00 a.m and placed in the state confederate relic room. >> we're a state that believes in tradition we're a state that believes in history. and respect. so we'll bring it down with dignity. and we'll make sure it is put in a tranquil place. >> the push to bring down the flag began after state senator pinkney and eight others were shot and killed during

. >> pepsico would not speak but sent a statement saying in part it has a robust plan.pany points to an earlier score card which gave pepsico an 80, strong palm oil commitments. but when checking with the union of concerned scientists they said pepsico talks a good game but we're skeptical about ability to follow through on commitment. just because we gave a passing grade does not give pepsico a pass on human rights health, or other environmental issues. critics say it allows for clearing of rain forest and we have the full statements and links to score cards on abc7 news.com. >> south carolina governor signed a bill authorizing removal of the confederate flag from the state capitol the law requires the flag removed by tomorrow at 10:00 a.m and placed in the state confederate relic room. >> we're a state that believes in tradition we're a state that believes in history. and respect. so we'll bring it down with dignity. and we'll make sure it is put in a tranquil place. >> the push to bring down the flag began after state senator pinkney and eight others were shot and ki

but why pepsico? why as?countries, cities and towns throughout this country, and we are an integral part of the community. and what we know at pepsico is that if the communities in which we operate don't succeed, we don't succeed because we're all in this together, all of us teachers and parents activists and policymakers, business and labor. all of us are in this together. and each one of us will rise when all of us are lifted. and at pepsico we call this corporate philosophy performance with purpose. it's a corporate philosophy that says that we must be a value added not just to our shareholders in the short term but we must be a value added to all stakeholders who are in the societal ecosystem of which we are a part. that's why we have since the last seven years invested in young people, over $16 million in something called diplomas now, a program that abuse high school graduation and college matriculation rate among african-american and young latino youth. by 2020 would love to over 100,000 students. that

pepsico reports second quarter earnings before the opening bell. we pour over the details you need to know. >> movers and shakers. we'll discuss what blockbuster deals could be in the works. >> plus paramount breaks with tradition in a bid to turnaround hollywood fortunes. all the details coming up. >>> and it was a day on wall street. the twin fears of china and greece being an overhang for traders plus that new york stock exchange trading halt which resulted in 3.5 hours of no trade. the dow indicating a higher open. we could see a rebound in today's trade. dow up about 124 points in premarket trade and the s&p 500 up about 16. let's take a look at the ftse ftse cnbc global 300 index. given the type of macro fears in the market specifically when it pertains to the volatility we have been saying in china. it's a good way to assess how stocks are trading around the world. as we are pointing out a rebound overnight in asia. what is happening in europe after a positive session yesterday we continue to move higher. perhaps the greece exit is already p

how about pepsico? that fell today despite delivery. still one more fantastic quarter with excellent guidance. very strong organic growth. kind of like the new products i don't know if you get the doritos roulette. how about these? doritos jack. these are always drinks i like to have right before i go to sleep. mountain dew sangrita blast. and around 11:30, this is what you take you. don't have to go to bed at all and next thing you know europe is open. then the strangest one of all. one i wholeheartedly endorse. john ledger from t-mobile. i know john can be quite shocking as he was this morning on squawk where he reiterated that verizon and at&t were dumb and dumber or maybe at&t and verizon were dumb and dumber. and he is taking customers left and right from sprint. t-mobile add 2.1 million net customers, up 41% from last year in the ninth consecutive quarter with over one million customers gained. frankly, that's amazing. today all three of us carl quint knee that, davis and i took turns asking had gotten too outrageous in the critic

pepsico is reporting earnings that exceeded analyst estimates.tronger dollar is cutting into profits. pepsico says exchange rates will reduce earnings by 11% this year. yahoo! is rolling out a new fantasy sports service designed for mobile devices. the move steps up competitions with such companies as draft kings and fanned dual. fantasy create basketball, baseball, football, and will compete for weekly and daily cash prizes. yahoo! is hoping to increase its revenue. group says 56 million people in north america play fantasy sports. scarlet: we are going to stay on sports later on to talk about the bidding war that broke out between the l.a. clippers and the dallas mavericks. --m: steve palmer versus scarlet: cuban versus balmer. ofrifecta of community -- computer glitches yesterday. one new calmer drove up in a shiny white tesla sedan, guess who? elon musk making his first appearance at the summer camp for moguls. olivia sterns is there. in theley has matured past and now they work on deals. are there any you can tell us about? olivia: dealmakin

crick say coke is moving more slowly than -- critics say coke is moving more slowly than pepsico.aybe address some of the benefits from the products eroding from its sales. consumers are going for fresh, natural, vitamin-enriched water. that is at odds with a carbonated soft drink that is sold on a pallet. tom: all the product is great chitchat. what we have here is two ceo's at coke and pepsi who like to smile a lot, use big words, get in touch with their inner feelings, and talk about consultants. that tells me they are sweating bullets about the financials. how much is coke management sweating about financial trends over the next 12 months? ken: the pressure is on more now than it has been in a wild. the balance sheet is more leveraged. the balance sheet has been edging up in terms of debt and credit fix -- in credit metrics. tom: they are doing and ibm because they do not have an answer to what to do because vo nnie wants to drink kale juice. brendan: and there is a downgrade, too. ken: they are still at an a or so rating. tom: thank you so much. you wonder if they will be lik

also some good-looking earnings from pepsico and walgreens. some other news we are watching, it was a challenging day for commuters in london. this is staff at the underground rail network. it centers around extended services. catherine has more details. >> the london underground closed forcing commuters to make alternative plans to get to work . it has been more than a decade since striking workers have shut down the tube. services stopped wednesday night and will not resume until friday morning. the walkout is over pay and working conditions, concerning the new 24 hour weekend services set to begin in september. >> what we want to see is more people employed. >> the rail unions are unhappy with the terms being offered by the london underground which would include a 2% pay raise for all employees this year and a 2000 pound bonus for nine drivers. london underground says it is hiring 137 train operators to work at night, which will result in workers doing a few extra night shifts a year. the union says they want workers to be fairly compensate

weapons pepsico had a great quarter. coca-cola shows you have a beverage company is by itself. think mutar kent might deliver. we have chart week continued this week on mad money. i do not want to reveal the stock but i think you're going to want to watch and be impacted by the report. >> we'll see you tonight, jim. >> great show. i thought the governor -- i love that optimism. >> we'll get business inventories after a break. don't go away. push your enterprise and you can move the world. but to get from the old way to the new you'll need the right it infrastructure. from a partner who knows how to make your enterprise more agile, borderless and secure. hp helps business move on all the possibilities of today. and stay ready for everything that is still to come. ♪ i built my business with passion. but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. i earn unlimited 2% cash back on everything i buy for my studio. ♪ and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business...

he's going to pepsico! and that was the signal right then and there when he went to raise the numbers of banks. yes, the yield curve with interest that can tell us what you get in the deposits is going higher because of money demand and because the fed will raise rate, but what these money managers miss is the fear and loathing of the justice department and believe me it would have taken the artistry of cramer fave writer hunter s. thompson to describe the bizarre, byzantine world that the big banks have been forced to pay. some of these banks have paid billions in legal defense and end up billions to the united states and fines. i could have argued like my former hero former ceo of wells fargo that wes might have done better by putting bad guys in jail rather than having shareholders. you caught the beginning of the major run in all of the big banks when wes left to greener pastures of pepsico. right then they should have gone, hold the buy, but they were too busy thinking inside the box. the swing factor

pepsico got the pass. airport is good. when i look at a market up and down and i see interest rates go higher today, they will buy the banks and sell the banks tomorrow. this is not a great market. >> walgreen's. >> historically. >> they didn't invert. >> they did not invert even though jana i think, would have liked them to. >> did the trust get out of starbucks entirely? >> decided to sell it. felt like it has been too good to me. it is a good company. >> you liquidated costco and you lived to regret it. >> i'm going to regret it. >> why did you do it? >> it was a bit of a miscommunication. >> was it a configuration of your software? >> to some degree yes. sometimes you make mistakes. >> how long has it been in the trust? >> i got a note. there was a miscommunication with my research director on star bucsks where the size was meant to be right sized and instead, it was sold. i said listen we want to get it back. >> speaking of miscommunications, i would like to go back and discuss that nokia deal much of what was written

pepsico's second quarter earnings be analyst estimates. exchange rates will reduce earnings by 11 percentage points this year. the company is the world jk largest snack maker and his second when it comes to nonalcoholic beverages. more than 2ed million customers last quarter and has almost 89 million subscribers. they have been challenging the wireless industry to match its offers. cap twiceas a market the size of sprints. not as many customers, but twice as big in market cap. greece scaring off investors who are used to investing in turmoil. lisa is here to tell us more. everyone is too scared to participate? lisa: scared is the wrong word. we are talking about a political mess. we have been dealing with this for how many years? outeting headlines coming from people in greece. you do not know what you are betting on. who you are betting on. a euro or a draw,. drachma. or a this is what traders want. they want the volatility. isa: you do not know what going to be available. greek banks will be on the hook for a lot of the debt. guys a spen

pepsico, american express. pepsico, don't see any trades. i do see american express, bank of new york there's aetna, herbal life, that's down 4% right now. and i'm just looking around on the floor to see if anybody's standing around with orders that aren't filled. but looks okay here. we all right? everything running? yeah. he said orders are coming in. >> no orders. >> i think what they're still waiting for is more orders to come in. so, again, they're matching all bids and offers right now. remember, the market has been trading. it would be unreasonable to expect some explosion of orders of pent-up demand coming in when you've had, remember the electronic arm of the nyse trading as well as nyse stocks trading away from the exchange. >> that's our bob pisani. thank you so much. keeping an eye as things are off to a slow start, but at least it is a start. >>> and art cashin just pointed out to me this light opening may be a blessing as they do try and make sure. they want to crawl before they walk before they run. and they're crawling with t

a look at pepsico as well -- pepsi came out with earnings that beat estimates, raising its forecast.t has been feeling the pain of a stronger dollar and stagnant soda sales. the shares earlier were higher. they have waned and are now down by more than 1%. this next business has been strong. business has been strong. , and earnings analysis of the companies that have reported so far. here is the summary line at the top. 22 of the companies have reported with sales growth of si 6.2% on average. up, we willg this do a scorecard of this as we go through the season. another way to look at it, the earnings estimate. right now, there when 18 for the s&p 500 -- they are when 18. -- 118. a little less optimism going into the season here. matt: this shows earning estimates overtime. have they changed or is this for different quarters? julie: this is overtime as they change. that's why we see them go up so much because we have seen earnings growth. now that we have looked more recently as to how that has changed. betty: thank you so much julie hyman. matt: let's take a look at our top stories.

dupont pushed back on him so we will talk about dupont, pepsico situations nelson pelz has overseen.een one of the big themes for business this year. do you see in the board room lots of different tragedies to be prepared. think about activities and beat ready for it. we will talk about that with jack otter. we are with phil orlando today in the high expectations. 230,000 new jobs is what they're looking for. he was saying the indications he's been looking at could be stronger than not. he's about 240,000 non-jobs. we will get into what is behind the optimism. what does that mean for the second half. so excited we can look back and know where we were in would have expectations that were going. a nice preview to talk about the consumer, what can that look like. and what is already priced into the market. dagen: can't wait. see if all of this. maria: i maria bartiromo. happy thursday. it is thursday, july 2nd. with many investors from around joe weekend. first, your top stories. airlines in airlines in the middle of a civil antitrust investigation. the government wants to know if these

pepsico upping guidance. full-year forecast on adjusted earnings, liz.ock is down almost 1%. that is where we stand right now. sip pity doo-dah if you're disney stockholder. all-time high today. liz: how many all-time highs. >> whatever they're doing they're doing it right. liz: they have done very, very well. we continue to watch all that is going on, we have the dow up 72 points now. nasdaq better by 21. s&p is up eight. thanks, adam. chinese markets rallying 5.8% overnight. yes, while the biggest intraday gain in six years it is nearly completely fake. the bounce while looking impressive it is fake because the government isn't allowing anybody to sell stocks. stocks are down close to 30% although now it is about 23% from the june 20th high. half the stocks listed on the shanghai composite are halted. why would anybody want to invest in china? joining me mark kennedy former u.s. representative of minnesota. also former macy's treasure. er. he has been to china the past month. tell me what is happening on the ground. it seems like it is getting more pan

. >> they still want pepsico to make changes and they have someone on the board.e quarter and i think it's going to be the best executed of the package. that's how you have to look at it. that group trades together. i think abandoning pepsico may not be such a smart idea. >> amazon we mentioned last week with this prime day. remember this holiday they're going to launch on wednesday in honor of their birthday. now walmart is coming out saying in the words of a spokesman, we don't believe you should have to pay a fee to get a better price and they argue they're going to launch just as many deals outside the envelope so to speak. >> i know they want to be very aggressive aggressive. and walmart has scale, obviously. david, you know walmart better than anyone but amazon is always one step ahead. >> they are very good at disrupting things at amazon but walmart has scale. they've been fighting -- catching up for a long time when it comes to online. >> that big silicon valley and they've moved into to there, and at the same time, the problem is that amazon just i think

also pepsico and walgreens this week. sandra: other breaking news, barclays with the departure of ceo anthony jenkins. the british bank said it decided the company needs a change of leadership. jenkins has been doing since 2012 at the board was not happy with the performance of the investment bank and cost cutting. darkly says the chairman john mcfarlane would take over executive duties until a permanent successor is found. microsoft breaking news this morning reportedly planning a new round of layoffs. the latest cuts in addition to the 18,000 jobs they announced last year expect it to affect employees at the hardware business including the smartphone unit. the announcement could be made as early as today. the stock is slightly lower in the session. coming up, stocks in china plunge in its regulators they are worn and try to prevent a panic. the u.s. stock index futures down sharply overnight. we will have analysis. when we come back, you are watching "fbn:am," your first look at morning market in breaking news. dow futu

wednesday will watch for walgreens and pepsico.day had a date article over the weekend about his upside potential. over the next couple of years and utilities verify. >> a lot going on with regards to burnings. the pictures and breaking news. i want to take you to brooklyn heights, ohio. you are looking at live pictures from there. a huge fire that broke out at a warehouse. at least 10 departments are fighting this fire in the area. not under control. the fire is unknown at the time. we just lost our shot of five pictures coming out of ohio. we will keep our eyes on this entrance figure out what's going on there and what caused this massive blaze. also looking at headlines in the u.s. this is today's edition of what "the wall street journal" is looking like. john kerry says difficult issues to be resolved for an iran deal. key element of the landmark nuclear agreement between iran and its world powers falling into place. warning there are important sticking points that may scuttle the deal. regulators pro-market of how private tech

. >> reporter: jenkins was in northeast philadelphia the safety and his foundation peps pepsico provideng was the leader. >>> don't cry for me arrest -- argentina. he threw a ball into his own net. i've never seen that before and for his sake i hope he never does it again. that's a look at sports, i'm ducis rogers you have yourself a terrific weekend. >> it was a field of dreams for the dogs, mariners may have had the home field at advantage this week, but afterwards the field belonged to four legged friends dog owners were allowed on the field and walk the bases with their pets, it benefits the animal foundation in seattle. >> 5 people were hurt after a truck and car collided on a montgomery county road overnight. >>> school destroyed a tornado has been confirmed to have caused this damage in berks county. >>> plus relief from the stormy weather this weekend and nothing but beautiful sunshine. meteorologist chris sowers is here with a look at the accuweather forecast. we can breathe a little bit of relief this weekend after all the crazy weather we've had. >> reporter: stay positive an

pepsico 94.7 to 96.4. that's people saying rate hike off table.s the consensus that built midday and then you have the china news. opening up our futures low. i think this is the beginning of what -- remember i think of that very major shift in two stocks people abandoned. costco was going on -- walmart was one of the worst performing stocks. we're going to see money go back to jack in the box. chipotle was a leader yesterday. these are just flow of funds into u.s. going into kroger. this is as ugly as it was beautiful yesterday. i don't trust any of these markets. go ahead and buy it. sea of red. >> unlike china we haven't head opened the liquidity spouts yet. they've cut rates. we have rates at more or less zero. we haven't cut margins or created a rescue or in the case of china, how many stocks aren't selling at all? >> 74%. get it over with and then start anew. >> it hasn't helped. >> i was telling david maybe gdp slows in china. i'm looking at a piece who says they're not going to give you the real number. >> we're down to 7% officially in te

>>reporter: pepsico sent a statement in part it has robust sustainable palm oil plan.score card by the yep of concerned scientist. which gave pepsi gave pepsi pepsi an 80 the which is strong palm oil commitment. when we checked with the union of concerned scientist they september their own statement. mexico talks but we are skip could about their ability to follow through on commitment. because we gave the company passing grade doesn't give pep could a free pass on human rights. health. or other varmental issues. is. >> now pepsi is one of many large corporation phaseing in palm oil certified green by an organization called round table on sustainable palm oil. but critic say that awill you for the clearing of some rain forest and poor track record on human app rights as well. we have the full statement and link to palm oil score cards at our web site. >> next at 9:00. legion of bands dressed up ready to go. he vep h i'm caridee. i've had moderate to severe plaque psoriasis most of my life. but that hasn't stopped me from modeling. my doctor told me about stelara® it he

which is the pepsico, boeing airbus battle we talk about more and more. >> i wonder how facebook getso this. right now movie trailers do quite well for them compared to youtube. but music videos are different. the reports suggest they're not trying to put every music video on to facebook. they want to experiment with a few that the labels choose, that was in billboard's report. how do they do that? when you've got vivo that's had a longstanding relationship with youtube. and dot artists and labels end up posting the videos, does facebook create a separate product where those things live? not clear. >> kara, jon brings up a good point we talk about the fact we watch music vows on youtube. but it seems to be vivo that's powering those views on youtube. what can facebook do without that? >> why does facebook want them to be hosted on youtube? this is a natural move we keep calling them and say being we hear you're going to cut off a little bit of youtube. of course they won't. why should youtube host the videos if they can and they need to play nice with hollywood. it makes perfect sense

pepsico announcing a quarterly dividend of 70 cents a share.erage company says it expects to return 8.5 to $9 billion to shareholders this year. you can see the stock moving higher on the news. david. david: we have another breaking bit of news, update out of greece. dow jones reporting that greek banks are going to reopen on monday. this according to the deputy finance minister speaking on state tv. a lot of people in greece will be happy about that. melissa. melissa: all right. scroll up a little for me there. wall street managing to end the day with small gains but that is not stopping notable names from hitting new highs. we told you earlier about netflix blockbuster quarter but check out some other widely-held stocks like disney and starbucks. financial institutions were particularly strong with jpmorgan and wells fargo just two of the names hitting new highs. everything from drugstores like cvs and walgreens to casey's general store at record levels. david? david: coming up he is the 10 billion-dollar man, or is he? whether he is or he is

latter group of today's session and you saw a minor rollback of the likes of kimberly-clark be and pepsico tomorrow morning. now we know with the computers down for much of the day on the exchange and the looming declines and so many expect to continue in china, it was a tough day to follow up more falling and after wave after wave of standard & poor's washed over the market and let's be up front about something with commodities declining and rates falling some of the stocks will be okay. restaurants, retail utilities and real estate investment trust. they won't be hurt by china and europe and i like the consumer goods after i get the quarters. so let's go over the setups and the dollar is stabilizing today because the resolution in europe is on hold and no cessation to speak of except for exports and you have interrelated markets for the fed to take action which warned for the fed not to raise rates. you know i haven't liked the setup for ages. i still don't, however i could argue that the rotation into domestics and yield plays which took a breather today was no more than just a breather

america berkshire hathaway energy cargill, coca-cola, general motors goldman sachs google, microsoft, pepsico u.p.s., and walmart. that's a pretty broad spectrum of america's corporate hierarchy. is it the republican majority's position that they are all also in on the hoax? the republican majority has accused nasa scientists who just flew a craft by pluto and who are driving a rover around on the surface of mars of being in on a hoax, that climate change is a hoax, and the nasa scientists are in on it. is walmart in on the hoax, too? do the senators from arkansas want to go home and tell their walmart executives that they're in on a hoax? do the senators from georgia want to go in and tell the c.e.o. of coca-cola that they're in on a hoax? i don't think so. it is an untenable argument. we have got to move on. these leaders of american commerce declare in a voice the republicans should listen to -- quote -- "we recognize that delaying action on climate change will be costly in economic and human terms." while accelerating the transition to a low-carbon economy will produce multiple benefits w

. >> pop for pepsico up 2%. >> on a day when susquehanna downgraded the stock. stock was higher. the tape helped obviously. i thought the quarter they reported last week was good. better eps, better revenues. and improving margins. they traded the same multiple as coke. i think pepsi deserves a bigger multiple. i think it goes north of $100 over the next few days. >> pop for wynn resorts up 4%. >> we've got some great inside looking when we were looking just about a week and a half ago. wynn was getting bought in terms of the options. las vegas sands is one of the names i talked about at the top of the show folks were rolling up today but wynn and las vegas sands when you look at macaw right now everybody always looks to that as the negative. over the last week and a half or so it's been a positive, moving to the up side against the stream. and if you look at wynn and vegas sands that exposure in terms of smoking ban maybe getting relaxed a little bit i think that was the fuel behind it. back up over one of the moving averages. i think the stock's on the mend. >

. >> and pepsico was really good. it got hit anyway. wall greens an upgrade today. thank you. thank you for that. >> let's see what the picture looks like on the ground in athens. let's go to greece and check in with our chief international correspondent. good morning, michelle. >> reporter: hey there carl. the new proposal is in. it looks a lot like the old proposal. tax hikes near capitulation when it comes to pensions. there's a question of whether there's enough trust of the creditors to work out to a final deal. why isn't there trust? let me give you some of the phrasing from the proposal that was submitted last night which was in the proposal that they voted no on last week. greece will supplement in full the 2010 pension reform law. of course i don't recollect, you may notice it's 2015. they never implemented the 2010 law. this government set to meet within the next couple of hours for debate. we expect a vote later today. a trusted analyst tell us the vote will go tsipras's way. there's some suspicious of the finance minister of germany because yesterday he said yes, t

the company in conjunction with pepsico says they will have a partnership to distribute bottled starbucksat's coming in a separate release. starbucks shares up 3.5% 321,000 shares traded. >> be sure to tune into "mad money" tonight. jim cramer will speak to starbucks' president and ceo kevin johnson after the earnings call. the ceo says third quarter stands as among the strongest and most remarkable quarters in our over 23 years as a public company. michael santoli, this stock was down into earnings. now popping 3%. >> amazing enthusiasm out of howard schultz. >> christine, expectations here? part of it is the buyback program? >> sure. we were expecting 42 cents. she came in line. beat top line by slightly. would love to hear more about mobile pay. that's become a huge part of their business. about 20% of transactions through their store. more about the rollout people using the mobile app to pay before they get there. >> amazon reporting 19 cents on $23.13 billion. street was looking for a loss of 14 cents on $23.39 billion. just looking through the release, total operating expenses, $22.

pepsico said the same thing. story and will continue to be a huge story. >> guy, same question to you. should people shy away from companies that have this exposure? the u.s. dollar hopefully rallying if it continues to on better u.s. economic news? and companies have to deal with it? >> companies have to deal with it. i don't think the guys and gals playing the home game can do anything about it, necessarily. what you can do is watch for the companies that have currency exposure. we talked about this before. currency is not this week's story. it's been a story for the last nine months for companies to use it as whatever word you want to use excuse or otherwise to me isn't that cool. >> all right. hold thoughts there. looks like csx is out with quarterly results. >> csx reporting 56 cents a share. revenue just shy of the $3.1 billion the street anticipated. that revenue number representing 6% decline. the stock is up. here are some of the reasons why. we have an all-time record low operating ratio, one of the met

alcoa and pepsico this week.arnings growth and where the earnings drivers are going to be it's going to be a few different areas. let's start here with the decliners. the biggest drags, no surprise here, again continues to be the energy stocks. that sector is expected to post about a 63% earnings decline over the same time last year. again, no surprise here. we saw it last quarter alone. all of these oil prices and then falling from where they were last year really having an impact there. consumer staples stocks also showing about a 3% decline in terms of earnings overall. so that's where the drags are going to be. the positive story here comes again from the financials the banks, all of those guys expected to produce a 15% earnings gain. that's where the growth is coming from. also the consumer discretionary sector, the retail guys. they are forecast at least for now before the season starts to post about a 7% earnings increase. so carl again to watch, energy consumer staples is the big drag expected on earnings

>> i know that pepsico had the best quarter of any consumer product.nson on the board. that was by far the best consumer product quarter. it's interesting. coke gets -- coca-cola gets away with it. pepsi cola does great numbers. >> i want to know if that was a mistake though in retrospect. pepsi, yeah. >> certainly it's the kind of mistake where you've made a fortune. >> we can expect both of these gentlemen will have new ideas. not today but we'll be hearing from them in the not too distant future. at least another one coming in the not too distant future. and frankly mr. ackman also. i think we can be confident he's going to come up with something big. >> i am going to attempt without any miranda warning and using a rubber truncheon to get to the ideas they have right noup. but you're saying i won't succeed. >> i would never put it past you. you may force them to tell you. >> and how much fun is it to be with these guys? >> it's great to have you on set. >> he's walked down. >> we see jim every morning, it's just remote. >> this is terrific. thank yo

we've got pepsico and walgreens later on this week.e big banks coming out the week after that. with these four guys here, that's the reason there's a huge concern. let's put up what happened yesterday. the biggest reversal on a percentage basis for ae dow since october 2011. down 200-plus points then closing up by about 90. that's going to play out again today as we see this push and pull happen. i'm going to add a fourth horsemen just for fun. fed minutes. we have a huge wild card in this equation as well. all of those factors pushing markets up and down. we'll see if that plays out with that same volatility. >> along with the stocks thank you very much for now. >>> let's talk about this. let's get more on the markets after yesterday's wild swing and selloff in asia overnight. sharif kumar. and our guest host richard bernstein. another guy -- this guy's company is richard bernstein advisers. both of you, really. >> why struggle through coming up with a name? >> why pay someone for a fancy name. rich is also an adviser and cnbc contrib

s and we saw major cheans including coca-cola, dupont, honeywell and pepsico commit to voluntarily reducing harmful h.f.c.'s emissions. my amendment bars funding to enforce section 435 of this bill so we can inset -- instead continue with existing rules and move our country's global leadership in finding innovative solutions and moving emissions forward. we should not be handcuffing the important work being done at e.p.a. to reduce super pollutants. i ask my colleagues to support the amendment and reserve my time. the chair: for what purpose does the gentleman rise? >> i rise in opposition to the amendment. the chair: the gentleman is recognized for five minutes. mr. calvert: the committee still has questions about the cost and compliance issues in the final rule. it's not clear why e.p.a. divided some category into some categories and provided different deadlines for similar products. e.p.a. clearly chose winners and losers. for the losers, the timetables remain unworkable. manufacturers need time to implement engineering and technology changes and address new risk and safety challenges. h