indra: you always -- even today he will tell me -- your list is pepsico, pepsico, pepsico, then kidsnd mom and at the bottom i sit there. and i said you are on the list. be happy you are on the list. but he knows that i love him dearly and he's my rock, he's my life. but he likes to be higher up on the list. >> david rubenstein david is brought to you by state street global advisors. there is opportunity in complexity. i've spent my life planting a size-six, non-slip shoe into that door. on this side, i want my customers to relax and enjoy themselves. but these days it's phones before forks. they want wifi out here. but behind that door, i need a private connection for my business. wifi pro from comcast business. public wifi for your customers. private wifi for your business. strong and secure. good for a door. and a network. comcast business. built for security. built for business. terre: we asked some of the best minds in the world from business, government, the arts, and academia, what are the most urgent problems facing humanity, and how do we solve them? the result is "big probl

indra: you always -- even today he will tell me -- your list is pepsico, pepsico, pepsico, then the kidsnd mom and at the bottom i sit there. and i keep telling him, you are on the list. be happy you are on the list. but he knows that i love him dearly and he's my rock, he's my life. but, you know, he likes to be higher up on the list. announcer: the david rubenstein show, peer to peer conversations, is brought to you by state street global advisors. there is opportunity in complexity. ♪ ♪ ashlee: if you are having tea with a giant hello kitty doll, then you are almost certainly in japan. ♪ ashlee: this is a place that

indra: you always -- even today he will tell me -- your list is pepsico, pepsico, pepsico, then the kidsnd mom and at the bottom i sit there. and i keep telling him, you are on the list. be happy you are on the list. but he knows that i love him dearly and he's my rock, he's my life. but, you know, he likes to be higher up on the list. announcer: the david rubenstein show, peer to peer conversations, is brought to you by state street global advisors. there is opportunity in complexity. \ ♪ ♪ >> welcome to this edition of of "with the best of all the respect." democratic party wrestles with a strategy for going forward. we begin with donald trump weighing in on hillary clinton and some key policies. donald trump upheld his day today with a very old gray lady -- date today is a very old gray lady. he sat down with "the new york times."

pepsico, pepsico, pepsico, the kids, your mom and somewhere the bottom is me.old him he should just be happy he is on the list. he knows i love him and that he is my rock. he is my life. he does want to be higher up. ♪ wow, x1 has netflix? hey, drop a beat. ♪ show me orange is the new black ♪ ♪ wait, no, bloodline ♪ how about bojack, luke cage ♪ oh, dj tanner maybe show me lilyhammer ♪ ♪ stranger things, marseille, the fall ♪ ♪ in the same place as my basketball? ♪ ♪ narcos, fearless, cooked ♪ the crown, marco polo, lost and found ♪ ♪ grace and frankie, hemlock grove, season one of...! ♪ show me house of cards. finally, you can now find all of netflix in the same place as all your other entertainment. on xfinity x1. ways wins. especially in my business. with slow internet from the phone company, you can't keep up. you're stuck, watching spinning wheels and progress bars until someone else scoops your story. switch to comcast business. with high-speed internet up to 10 gigabits per second. you wouldn't pick a slow race car. then why settle for slow internet? com

indra: somebody said pepsico like to talk to me. david: they gave you the job of in charge of strategy? head of advantage. david: you made some head of ons as the strategy. ne was gatorade or quaker oats feel was that goods and much you happy 20 do it? >> it was one of the most acquisitions we did ecause gatorade was an amazeing beverage probably the best isotonic beverage in the worlds athletes. david: isotonic means? indra: sports drinks. gatorade access to and we could do all kinds of things with that. we didn't have a good product that was good. the bigger attraction was the quaker oats brand. we had no food brand that was good for you. and we needed a good for you bra brand. we looked at the world the best good for you even today is oats. we wanted it badly. e wanted quaker oats and gatorade. other beverage companies only wanted gatorade and didn't know quaker oats.th because we had both businesses for us the quaker oats company and includes quaker gatorade was a logical acquisition. david: when i was a young person and in thos

pepsico, theico, kids come your mom and somewhere the bottom is me.he should just be happy he is on the list. he knows i love him and that he is my rock. he is my life. he doesn't like to be higher up. ♪ ♪ emily: it is one of the fastest-growing apps the world has ever seen, revolutionizing the way we express ourselves in a single photo. kevin system turned on a job in college, showed a desk with jack dorsey as an intern with what became twitter and then watched instagram as we know it. just two years later, he reunited with zuckerberg to make silicon valley history, green to sell instagram to facebook for $1 billion. the company had just 13 employees a

this week's episode, the pepsico ceo. not long ago, an activist showed up.ts said, maybe you should spin off your frito-lay business, your snack business. what was your response and how did you keep the activists for the happy? anmy job is not to keep activist happy. my job is to make sure the company is managed for the next generation and is performing very well. if the activist is happy in the process, so be it. i am an internal activist. i own 33 times my salary in pepsico stock. my entire net worth is in this company. emily: indra nooyi there, chairman and ceo of pepsico, also weighed in on the present question of work life balance. anybody,ossible for certainly a woman in our society, to have it all? >> i think if you have the right support system, if you have an understanding spouse, if you want to be married. if you are willing to make all the trade-offs that you need to make, you can have it all. but while you do all that, there will be heartache, there will be pain, there will be some collateral damage underneath the surface. you've got to live with

but it turns out...pepsico c-e-o indra nooyi never sa those things. twitter has begun suspending accounts after announcing a crk its social media platform. platform.among those suspended include the verified account of richard spencer...a popular face of the group known for promoting white nationalism.in a youtube video, spencer says twitter is quote "purging people based on their views". 3 the most valuable item of personal clothing ever owned will be auctioned off today. today.the beige, rhinestone- encrusted dress marilyn monroe wore to sing "happy birthday" to president john f. kennedy is being sold...again. it will be auctioned by it's current owner in los angeles. the dress was first sold for one point 27 millions dollars at an auction in 1999. it's excted to get up to three million dollars this time around. 3 a bird living in a of attention lately. the chinese golden pheasant the chinese golden pheasant ntlyappareears some selee to president-elect donald trump. visitors to the birds exhibit have noted the simlar hair style between trump and the

debunked news articles -- claim pepsico's c-e-o told mr. trump's fans to "take their business elsewhere." sites designed to trick people -- including truthfeed and gateway pundit -- published the fake quote. here's the catch - the ceo didn't say that.... and even congratulated the president-elect on his victory. pepsico says the ceo did, however, condemn the ugly rhetoric of the campaign... while talking to a group of employees who felt apprehensive about the election. straight ahead on wakeup: shot ordeal at a store in west allis... coming up. plus - how a new drug bust's impact may soon be felt miles away. and the election is over... so what is hillary clinton's campaign plane doing here in milwaukee?? you asked - and we got the answer for you. and the fight over whether to free brendan dassey... boiling down to a fast-approaching deadline. you're looking live at the columbia correctional institution in portage... where brendan dassey remains behind bars right now - stay with all day long... with more straight ahead at 6:30. you are watch

i want to make a strong case for the stock of pepsico here too.here's lots of stuff in the papers about city taxes on soda. if you believe they're really going to have an impact, why don't you just bet against coca-cola and go long pepsico. coke is much more vulnerable than pepsi because pepsi has that fabulous snacking exposure. speaking of yields, how can you not like procter & gamble here. pg had a fantastic quarter, but it got caught up in the post-trump bond slaughter. stock isn't cheap, but procter's organic growth is the best its been in years and the company has really hacked through the underperforming business lines. procter & gamble works right here. now, i don't want to go overloaded on these stocks. maybe just pick one of them because the dollar will go higher when the fed raises rates next month. bad news for consumer packaged good because they've got to repatriate the dollar hopefully. these companies don't report for a long time, and i think it makes sense to buy them because they've fallen behind and are doing better than people t

i want to make a strong case for the stock of pepsico here too. there's lots of stuff in the papers about city taxes on soda. if you believe they're really going to have an impact, why don't you just bet against coca-cola with a 3 and change yield, and go long pepsico with a 2.93% yield? you don't have perfect equality in the dividend, but coke is snacking exposure. speaking of yields, how can you not like procter & gamble here? remember, pg had a fantastic quarter, but it got caught up in the great post-trump bond slaughter. the stock isn't cheap, but procter's organic growth is the best its been in years, and the company has really hacked through the underperforming business lines. procter & gamble works right here. now, i don't want to go overloaded on these stocks. maybe just pick one of them. pick your favorite because the dollar will go higwh fed raises rates next month. that's going to hurt them. these are big international companies. bad news for consumer packaged goods because they've got to repatriate the dollars hopefully. but these com

pepsico is one of those companies.he founder of the carlyle group and a host of "the david rubenstein show" and they discussed the company's shift to healthy. >> most people would say that pepsico and coca-cola are not that healthy for you, so you must have heard that argument for you before. how does pepsico try to make products like pepsi-cola healthier? what is your plan to do that? products like pepsi-cola were invented many years ago when society was completely different. there was more undernutrition than over nutrition. people felt the drinking products without much sugar was all right. society has changed. it behooves us to change with society. we are launching more products with zero or very low sugar. we are reformulating pepsi with lower sugar levels. we are training the consumer to start accepting carbonated soft drinks with lower sugar levels. you've got to step them down piece by piece, so that when we get to a level that is 50 or 60 calories per eight ounces, 70 calories per 12 ounces, they buy the produ

i think this company has much more upside in growth than pepsico. use pepsico for the gold standard now for consumer products. i found that this quarter was remarkable and zuckerberg spends the whole time talking about all these new venues he's going to be able to advertise on ultimately. which means that the ad load for the traditional product is not -- won't be as taxing. he wants to keep the product great. but look, if the stock was at 130, people felt it had run up. it's one of those run up in the quarters of 22%, they want to take profits. i think the company when they added the word meanfully when it came to growth rates people freak out. meaningfully and material, material is code word for 10% decline from your numbers, taking your numbers down 10%, go from 7 to 6.30, 6.30, slash lower multiple and slash a 20 multiple on and that's how you get to where the stock is. i don't buy any of that. i agree with david. i think the multiple is going to be too low in 2018. by the way, the expenses are actually going down as a relative amount. >> right.

at least two-thirds of pepsico's benches will contain 100 calories or less for a 12-ounce serving in a decade. the cook county vote will be the biggest test yet. if the ballot gets approved, it would add another city on a growing list of places across america that wants to tax your consumption choices. for "nightly business report," i'm susan li. >> thanks for watching, everybody. see you back here tomorrow night. announcer: a kqed televi♪ion production. sbrocco: and everybody say "opa!" together: opa!

at least two-thirds of pepsico's benches will contain 100 calories or less for a 12-ounce serving in a decade. the cook county vote will be the biggest test yet. if the ballot gets approved, it would add another city on a growing list of places across america that wants to tax your consumption choices. for "nightly business report," i'm susan li. >> thanks for watching, everybody. see you back here tomorrow night. [theme music playing] narrator: this year, judges mary berry and paul hollywood couldn't have asked for more. paul: the bakers have been unbelievable. i mean, after last year, i thought, "it can never get any better." but i was proved wrong again. narrator: they displayed exceptional talent as they strove for excellence. mary: really lovely. very good. we've had very difficult challenges this year, and so timing has been so important. narrator: and at times, they almost snapped under the pressure... aah! my mind's gone blank. that was stressful. it's not hot enough. i'd sooner have another baby. narrator: but ultimately produced bakes of outstanding quality. mary: queen vic

mcdonald's producing a 2% gain, less volatile but paid a 3.1% dividend, and pepsico has managed a 3%ain with relatively less volatility and paid a near 3% dividend yield as well. so as we get ready to break bread and talk turkey with our loved ones, now may be a good time to talk about your investments and see which ones you're thankful for and what you'll do in the coming months. for "nightly business report," i'm dominic chu here at the new york stock exchange. >> a perfect segue. if you're a small cap stock investor, you have a lot to be thankful for. since november 8, the small cap russell 2000 index is up 11% and has seen it's longest win streak since 1996. what does that mean for you and your investments? eric marshal is portfolio manager with the hodges small cap fund. nice to have you here. there are some who are wondering whether it's really justified, given the trajectory that it's been on. what do you think? >> well, we think that the move of the market is justified, based on improving fundamentals in a lot of the financials and in some of those more cyclical areas of the

i will show you one of the ads from pepsico that it did for mountain dew that did not appear in television bayou to i find it very disturbing i will sari to show it to you but you should see what they are targeted to audiences that may not be sitting in this room. >> we have them all lined up . point to them. i don't think i can do this. the ones with forelegs? keep your mouth shut. keep your mouth shut. i cannot do this. mw no. no. no. no. no. >> she is going to do it estimate by has been said he did know if it was the violence against women or the ratio stereotypes that is worse and series of ads that since have been taken down when pepsico created with the crater there is more to say about did course but it is something you would not see if you were not part of the target audience of we need to understand the whole gamut of what they're doing the i will leave it there now talk more about the other avenues the digital marketing of this is a very popular showing youtube -- youtube the complaint went in today from the citizen for digital center for a violation that they see here and i will

i own 33 times my salary in pepsico stock. my entire net worth is in this company.ere was a great idea on how to improve shareholder value, i listen to them. i listen to the activists. business own personal and i'm very transparent about the company. i told them where we are headed and where the activists want us to go. it was very clear to the lord that it was more of a short-term strategy. the board back to me, the current -- the courage of our conviction prevailed and we are exactly where we were before the activists came in, performing very well. that airs tonight right after this program and is also available online at bloomberg.com. ♪ mark: this is the european close on bloomberg markets. in u.s. politics, we continue to look at what could change for the country under a donald trump presidency. one of the biggest is a balance of power under the supreme court which could shift if there is a second vacancy. reporter hasourt been covering high court for over a decade and spoke with me about it. he's going to get one appointment and that won't shift the balance of

so i'm going to show you one of the ads that pepsico did for mountain dew.his did not appear on television, this appeared on youtube. i find it very disturbing. and i'm almost sorry to show it to you, but i think it's important to see the kinds of things that are targeted to audiences that might not be sitting in this room. [gunfire] >> all right, ma'am, we've got 'em all lined up. nail this little sucker. come on, which one is he? point to him. >> you should have gave me some more. >> i don't think i can do this. >> it's easy. just point to him. >> you better not snitch on a player. snitches get stitches, fool. >> come on. the one with the four legs. >> keep your mouth shut, keep mouth shut -- >> no! >> we get out of here, i'm going to dew you up! keep your mouth shut! >> i can't do this! i can't do this! no! no! no! no! no! >> she's just going to do it. >> you're never going to catch me. >> when i showed this to my darling husband, he said he didn't know what was worse, the racial stereotypes or the violence against women. this is part of a series of ads t

i will show you one of the ads from pepsico that it did for mountain dew that did not appear in television bayou to i find it very disturbing i will sari to show it to you but you should see what they are targeted to audiences that may not be sitting in this room. >> we have them all lined up . point to them. i don't think i can do this. the ones with forelegs? keep your mouth shut. keep your mouth shut. i cannot do this. mw no. no. no. no. no. >> she is going to do it estimate by has been said he did know if it was the violence against women or the ratio stereotypes that is worse and series of ads that since have been taken down when pepsico created with the crater there is more to say about did course but it is something you would not see if you were not part of the target audience of we need to understand the whole gamut of what they're doing the i will leave it there now talk more about the other avenues the digital marketing of this is a very popular showing youtube -- youtube the complaint went in today from the citizen for digital center for a violation that they see here and i will

the president of pepsico is an indian woman. you have to remember those things. i understand a lot of people are caught up in a lot of the rhetoric going on now. keep your head above water. don't let all of this drown you. >> doctor, thank you for your good words there and thank you for taking the time with us. we appreciate it. >> new england patriots coach bill belichick is clarifying his relationship with donald we take time out and talk about that. >> smart phone screens and your sleep. a new study has the health risks. >> there's a peek outside now 77 in and out of the city looks like everybody is moving fine. it is dry out there. >> mark: welcome. smart phones play a role in every day lives of time you spend on your phones could affect the quality of your sleep. chris martinez explains. >> reporter: like many of us jenna can't go long without staring at her smart phone. she checks her apps once every couple of minutes. >> i think if i were to take an intentional cell phone fast i don't think it would last that long. i think it is a habit. >> reporter: a new

local media has talked about a person who runs pepsico and some internal candidates. are a lot of candidates floating around. is thencluded half-brother of the current chairman. manus: very good day to you. one of the things from the part of the world i have just traveled from, tata's interest in the u.k. this secession, this change, what might that mean in terms of the global ambitions and the brexit impact for the company? >> so, tata still has a big operation in the u.k. brexit,l be affected by although we will see what that impact will be. dcs which gets a lot of business from the u.k. has talked about how there may be a slowdown because of brexit. also, tata motors has a big operation obviously. there is potential impact pre-brexit and we will gauge it as it goes along. angie: i have to ask you about this broader trend that perhaps is starting. another slate of executives resignations. indian hotels here, its nonexecutive director resigning. what does this mean for the broader market? part of the group executive council. we understand that three members have quit

. >> what did the ceo of pepsico after the results of the election? she needed a tissue box?e needed a tissue box. to her credit and to so many people who spoke yesterday, who, as you guys were talking about, people who might have been on the other side of donald trump on this election, all of whom said they were coming out and supporting him and the country. >> they want him to be successful. >>> coming up, more on that trump rally for the markets. we'll get thoughts on the markets from jack caffrey. he's coming up next. >>> the so-called trump rally sending the dow to a record high. it's already up more than 5% for the week alone. the s&p 500 up 4%, the russell 2000 up by 7%. joining us now is jack caffrey, global portfolio manager from jpmorgan. are you buying on this trump rally? >> we were invested going into the rally, you're seeing a dramatic rotation within the markets. the interest rate sensitive stocks have done much better. the more growth interest rate sensitive stocks have done better. they are pointing to expectations of a better day. we're trading and emphasizi

we got mixed results from the consumer packaged goods group, and i would call out only pepsico and procter & gamble as because they each had terrific top line numbers. procter especially, much more than i thought, and they made a lot of money. they had good organic growth. those are both buys. energy profoundly mixed. if you had fantastic growth like eog and the independents or chevron and the majors, you were saluted with higher prices. but if you had no growth like exxon or spent too much money, bought too high, occidental, you did yourself or your disappointing. the restaurants, miserable. people are staying home. other than cheesecake factory, the results were nothing to write home about. starbucks was mixed last week. we didn't get the kind of upside surprise we're spoiled by, but it wasn't disappointing. i fear starbucks is being carried up by the tape, though. it means that there's futures buying and it could drop back if futures take a header. domino's pizza is really a technology company that delivers speedy pizzas to your home as part of my stay-at-home thesis i've articulated ni

saying the pepsico c-e-o told trump fans to "take their business elsewhere." the story has been debunked.. it was circulating on pardody news websites designed to trick people. the clark county district the clark county district attorney's is now holding off on prosecuting cases involving anyone 21 or older having less than an ounce of marijuana.. come january first.. recreational pot will be legal in nevada. but right now -- you're still not to have any amount of marijuana.. police will continue enforcement efforts.. but say possession of smaller amounts is of lower priority. this year there were 177 people arrested for carrying less than an ounce. a california lab is working on a new breathyzer... that can detect both alcohol and marijuana when the person taking it exhales. scientists at berkeley... are developing a technology to help officers prove... a person has smoked pot. there are already ways for police to know... if someone uses marijuana. but with this device... officers can do more than make arrests. dowty: "because they don't have a tool, like wit

i will show you one of the ads from pepsico that it did for mountain dew that did not appear in television bayou to i find it very disturbing i will sari to show it to you but you should see what they are targeted to audiences that may not be sitting in this room. >> we have them all lined up . point to them. i don't think i can do this. the ones with forelegs? keep your mouth shut. keep your mouth shut. i cannot do this. mw no. no. no. no. no. >> she is going to do it estimate by has been said he did know if it was the violence against women or the ratio stereotypes that is worse and series of ads that since have been taken down when pepsico created with the crater there is more to say about did course but it is something you would not see if you were not part of the target audience of we need to understand the whole gamut of what they're doing the i will leave it there now talk more about the other avenues the digital marketing of this is a very popular showing youtube -- youtube the complaint went in today from the citizen for digital center for a violation that they see here and i will

stocks such as pepsico, which have tripled and quadrupled in value. my question is this right here. with the impending election coming up, historically the market has been volatile regardless of which party gets in under a new presidency. >> right. >> caller: would this be a great time to take these things off the field and step back for a while if it goes down and -- >> i've got to tell you, joey. day with jack moore who runs the charitable trust with me, and we're not a hedge fund. we don't want to flit in and out. we raised a huge amount of cash, the biggest amount of cash. you raise the cash. we've been sitting on this huge cash position, haven't liked the market because of this election. that's what you should do. i don't want you to sell everything. i think you should raise cash. take some off the positions you don't like because this market -- now, it's oversold. wait for a bounce. eight straight down days, but understand that's what we did. the charitable trust isn't a hedge fund. no need to cashier all your positions. martin in my home state of new jersey, martin. >> caller

pepsico has come down severely and had a great quarter. they have fabulous growth.t's not all -- some of it is not good. they have good for you stuff. like hummus. are you into hummus? >> no. >> get together. >> i served hummus for that arizona game. >> thanksgiving. >> smuckers. >> sunday night hummus, made for each other. >> cog niz abbot disney, hasbro, yum china. all straight ahead in the blitz. my business was built with passion... but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. with it, i earn unlimited 2% cash back on all of my purchasing. and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business... which adds fuel to my bottom line. what's in your wallet? about tempur-pedic mattresses... is that they contour to your body. you just have to lay back in my tempur-pedic, and it just kind of forms to my body. it comes up to you, like hey, there you are... hey, there you are... ...i'm going to put you to sleep now. it keeps us comfortable and asleep at nig

shares of pepsico of 56%. this is bloomberg. -- up 56%. mike♪ amanda: this is "bloomberg markets."berg business flash. we are taking a deeper look at black friday, one of the busiest shopping days of the year. adobe is predicting that online sales on thanksgiving day will reach $2 billion. it sees double-digit growth for black friday with sales topping $3 billion. cyber monday will be the biggest online shopping day in history. apple is jumping on the black friday bandwagon, announcing one-day shopping events in an ad on its website. apple has typically offered only modest deals on the day after thanks giving. -- thanksgiving. with the holiday shopping season nearly underway, beleaguered department stores are changing tactics to lower customers. retailers including macy's and jcpenney are offering more exclusive products, in-store showrooms and cash rewards as well. airbus is getting ready to cut 1000 office jobs. the europeangiant wants to eliminate duplication within its playmaking unit. -- playing making unit -- plane making unit. amanda: exploring successful best davidthis rube

so our partnership with pepsico which i think is a world class partnership.t start with insights, you don't have a big idea, i can assure you. >> i am concerned that there were manufactured issues in china. i never felt that what was wrong with china and your food chain was any different from anybody else, but there was bad publicity that was blown out of proportion. how do we know that won't happen again? >> i think people in china think yum china is now a chinese company not an american company. i think that will help. if people think it's a chinese company and not a u.s. company, i think you'll see less volatility and less involvement on outside forces on our china forces. while we've derisked our business by spinning off china, i think china has derisked boy what china will see as a chinese company. >> when we come back, we'll get stock trading. dow starts in a muted range, down two. don't go away. >>> top for cramer and stop trading. >> the truck story is a bad story and coummins today was a bad number. but klaus kleinfeld told me this would be bad. cumm

today on surveillance, david rubenstein sits down with the pepsico chairman and ceo, you can watch theon the david rubenstein show at 8:00 p.m. in new york. this is bloomberg. ♪ tom: "bloomberg surveillance." she is in london, francine lacqua. it is a different day in america. taylor riggs prepared to cook a 26 pound turkey. [laughter] report that facebook is so i just to return to china it has built a tool that will geographically sensor information. that is according to the new york times, they say the tool would prevent content from appearing in the newsfeed, china blocks facebook in 2009. one measure of economic growth in germany stayed close to a 10 month high in november, purchasing managers index list slightly desolate -- lifted slightly this month. feed supplies in the u.s. are now at the highest on record they have ever been, the records go back to 1915, the amount of be in cold storage up almost 5% from one year ago, expected to keep down the price of hamburgers and steaks. that is your bloomberg business flash. francine: thank you so much. let's go back to the fed for three

it needs to be pepsico, which is doing very well my now gold standard, that's 22. so it's hard -- >> that's still a lot of years worth of earnings investors are paying for these companies, 22 years, 24 years. >> i am scrambling to figure out as many other people on the fly what should be paid for this because this is a brave new world where we don't know what to pay for a company that had fantastic growth, that has good -- you don't know. >> talking quietly always makes me nervous. >> because we have k.j. up, i happen to respect the management team so much here. and they're doing so much in the face of what i regard as being secular, not cyclical but secular headwinds that we're going to talk about. >> we'll get cramer's mad dash in a moment. we'll countdown to the opening bell, final one of the week. later on at the baron conference in midtown we'll talk to tesla's elon musk. take another look at the premarket as we continue here on "squawk on the street." don't go away. hey dad. hey sweetie, how was your first week? long. it'll get better. i'm at the edward jones

you didn't mention grocery chrks i know is a big part of your strategy and you formerly worked at pepsicoa food deflation story hurting grocery? or is part of it that walmart is so big when it comes to the competition? >> we're all battling food deflation, but we've got to make sure we continue to improve our assortment, the presentation of food. we're focusing really hard on improving the quality of our produce. and we think over time while you're shopping target, you'll spend more and more time buying convenient foods from us while you're in our store. >> brian, you know, the traditional retailers have often fallen back on this line of reasoning that says, well, look, online is growing so fast as a category, but it's only 10%, so 90% of sales, whatever the number is happened in stores. the bulls on amazon use the same data point. they say, hey, online's only 10%, it's growing faster, these guys dominate the fast growing section of it. can you get to a point where at target you're truly agnostic as to how somebody shops? >> mike, i would tell you we're at that point today. i want to make

. >> part of my do a that pepsico a lot of fun but now i am at nissan billed this brand taking to next will being go far it oh that was longer than we thought. >> [laughter] and, take a look what it looks like this is comes in black, and white. right for the two focuses of evil. >> absolutely these two colors inspired by iconic troopers on "star wars" storm trooper white death trooper black debuts in the movie. >> a tremendous collaboration between franchise and your best-selling vehicle the rogue. >> that is right starting october became number one selling unit for nissan announced 2017 rogue on sell in september today unveil limited edition unit. >> making 5400, 5,400 special bandages on there if we open the door may be you see other stuff on inside, limit edition truly. >> 5,400, 5,000 u.s. 400 for canada once gone they are gone. >>b we get away spin around here lance if you would if you do apply one of these you get. >> a limited edition death trooper helmet only licensed full sized replica of new trooper numbered exclusively from nissan. >> the movie in december. >> right. >> one

likes or hates jamie dimon, but i do know under the previous administration when tony west, now at pepsico, when they dealt with jamie dimon, it wasn't like, hey, jamie, how's that loan business? but you know what, trump, i don't know, unless he wants to -- do you remember who trump's banker was? can we just recall? >> it begins with a d. >> deutsche bank. >> yes, it was. >> as nutty as that is. >> he is not beholden to goldman or -- >> no, none of those banks. none of those banks. >> no. >> we don't know who his chief financing sources are. >> right. >> and some people are hoping maybe we'd learn more. >> right. but do you remember that last ad that was running, i know we're not supposed to look at the ads on the network but the picture of hillary it was a little grisly, remember the last face in that ad? lloyd blankfein. >> speaking of people he doesn't like, jeff bezos at amazon was not a favorite of mr. trump's during the campaign. he threatened him, threatened amazon. be curious to see how that stock does today. >> and by the way we're getting a statement from peter thiel this morning

pepsico is can acquire conceive of. they make probiotic and convergent drinks.round $200 million. and finally the cost of making thanksgiving dinner is a little cheaper this year. the annual price survey is out. they said the average male is in the $49.87. it's 24 cents cheaper than last year. pumpkin pie mix milk, celery and carrots or you could just not say anything and not eat thanksgiving dinner. >> is a little cheaper this year. let's assume that people like me actually had any patients stood away. there's no patients. thus ordering. president-elect donald trump cabinet the new choice expected to take over for housing and urban development. the shares are permanent -- plummeting this morning. the impact on the rest of the industry. that will be the loser of the day for sure. back in a minute. i don't want to live with the uncertainties of hep c. or wonder whether i should seek treatment. i am ready. because today there's harvoni. a revolutionary treatment for the most common type of chronic hepatitis c. harvoni is proven to cure up to 99% of patients... ...

pepsico will be with us as well. we're going to deep on obamacare.care insurance. aetna is going to be here as well as the obamacare health care czar sylvia burwell. the secretary of health and human services going to join us this afternoon. that's going to be an interesting afternoon. howard shultz from starbucks also going to be with us this afternoon. we're going to talk time warner/at&t with the ceo of hbo, a unit of time warner. he's going to be sitting with tom rutledge. and then later this afternoon, priscilla chan is going to talk to us about philanthropy. we're going to hear from goldman sachs and bill ackman. and finally a real treat, she has not spoken publicly. sherri redstone in the viacom deal or no deal. she's going to join us later this afternoon. so that is the big day ahead. >> that's unbelievable. i mean, andrew, i wish you were here but the power of "squawk box" that allows you now to be so prominent to be able to bring all those people together is -- right? that is -- congratulations. that's amazing. >> i don't believe he was abl

to hear people from melinda gates to cher to the ceos of under armour, pepsico, chobani.t's -- >> how much of the conversation do you think is going to be about business and how much dare i ask is going to be about politics? >> i'm sure politics will come up to some extent. but i think a lot of it will be about business. i think there is a sense that there is some stagnation that's going on in our government leadership right now. and that puts more pressure, more burden, and more opportunity on business leaders. >> do you think entrepreneurs that are involved in start-ups, fast companies, if you will, are as interested in policy and regulations and oftentimes what we talk about on this show as larger fortune 500. >> i think most entrepreneurs believe they can control their own destiny. and they are less obsessed with the details of those kinds of policies. obviously some of those policies -- the policies can make things easier or harder. but you're going against so many things when you're trying to start up and run a business that, you know, it's just one other thing. rig