"your list is pepsico, pepsico, pepsico, "then the kids, then your mom. somewhere at the bottom, i sit there." and i keep telling him, "you're on the list. just be happy you're on the list." but, you know, he knows that i love him dearly. he knows that he is my rock, that, you know, i just-- he is my life. but, you know, he likes to be higher up on the list. ♪ be more pbs find more ways to explore at pbs.org slash anywhere et women who are in engineering and tech and to learn their stories. >> i knew i had to work in this industry, but i don't have to race anyone, it's just about my determination. >> my parents think the safe choice is usually the best choice and i don't think that's always the case. >> don't do something that you think you should do because you're afraid. make choices out of excitement, and passion, and interest. >> the future just feels very open. >> road trip nation is made possible by at&t through its at&t aspire initiative. through aspire, at&t helps provide the education and skills training people need to succeed in school, at work,

anyone who has 50 times her salary in pepsico stock is she is feeling this business can come back this isn't that too soon? why reach expectations that quickly? >> well, i think you have to separate the short term and the long term. the short term is we looked at the quarter. we felt like both cost and mix were going to be working in our favor and as a result we gave investors our best view as to where we thought the quarter was going to land. in terms of the long-term we don't do that until next year until we get closer to what we expe expect we think the strategy is working bottom line. >> hugh johnston thank you for talking about earnings, the cfo and vice chair of pepsico "squawk on the street" continues in just a moment (honking) (beeping) we're on to you, diabetes. time's up, insufficient prenatal care. and administrative paperwork, your days of drowning people are numbered. same goes for you, budget overruns. and rising costs, wipe that smile off your face. we're coming for you too. at optum, we're partnering across the health system to tackle its biggest challenges. at optum, w

we know pepsico report a good number because that's what it does these are what we call consistent growers but at this point in the cycle, the lasting portfolio managers are consistent zbrouers. now they're looking for a different kind of earningism they want shockingly good numbers. they want magnitude. and you really can't generate that kind of beat if you're a slow and steady consumer products company as fantastic the ceo of pepsico is, she's the best, her company's too consistent to give you what you consider to be a true blow out. if you're 3m or caterpillar you can raise price in a spare capacity to meet nand and report a beat that so huge it will turn your stock into a magnet for money. did you see decker up today, that you say past it's a 9% growth in tools. tools, that's unheard of, which make portfolio managers want to reach for that stock at all prices they are insanely better tan expected fourth driver of the action today. when you see the first good quarter you know things are not about to turn down these companies could have several more beats like there one. we've seen early

louis sfwlooch monsanto and pepsico report before the open.nd pepsico's cfo will be on "squawk on the street" this morning at 9:10. i can't believe bank earnings this week. >> banks have been strong lately trading at the highest level as a group since 2000 >> because yields increased more than anything else i think forecastst have cos havn a bit, but we've had some guidance >> we'll talk wells fargo. i know you're back from that hearing which turned out to be way more exciting than i thought it would be. >> i always knew it would be exciting we'll have highlights. >> senator warren delivering the highlights again. >>> following a developing story out of puerto rico it's been two weeks since hurricane maria made landfall there. the governor of the island said the death toll doubled to 34 the news coming hours after president trump visited the island of puerto rico to survey the damage he made big headlines while discussing puerto rico's $70 billion debt load. here's what the president said on that. >> we have to look at their whole debt structu

these of the segments for pepsico.e a look at a graphic on pepsico, it shows 33.4% of the company's business is in north american beverages, and orange. in purple, is the frito-lay are snack business. he thinks the beverages, that segment will slow and the snack segment could start to have a contracting multiple, all in all, not good for the stock. they reported earnings on wednesday. investors may see this as a bearish tell. we had susquehanna trimmed their revenue ahead of the report. overall, a bearish reaction here with the stock down today. abigail doolittle, thank you so much for the latest on pepsico and their stock just falling at this hour. uber's board of directors is set to vote on whether to proceed with a stock deal and sweeping board reforms. it could be the largest private stock sale in history. meanwhile the reforms have three major goals. to create equal voting power on shareholders, moving the start up to an iv o-line the next two years and limit the former ceos power. friday, travis kalanick named tw

pepsico out with earnings.he company is in with much stronger than expected numbers core eps 1.48 compared to the 1.43 the street was antiestici g anticipating organic revenue up 2.3% year to date looking at some of the guidance that they're giving for the full-year, raising some of that guidance they say at this point they are on track to deliver their fifth consecutive year of 9% core constant currency growth they're looking for fully organic revenue growth to be about their year to date growth of 2.3%. they expect improvement for the north american business -- beverage business in the fourth quarter. expecting $10 million in cash flow from operations cash dividends of $4.5 billion and share repurchases of $2 billion. if you look at that stock, at this point it's looking like it's going to open up a little bit. that chart is not what i have, i have 109.50 to 109.90. >> they innovate the reason i know this is remember i was going go off my diet i asked for chilli cheese doritos. they sent me a care package, be

i think this and pepsico is -- and some of that's because like injury newly at pap, clorox is so smart and forward thinking, the ceo finds a way to beat the numbers. at the report, facebook reports, any facebook stocks soared on the back of -- does -- i think it is because there's so many positive read throughs from alphabet and amazon, let alone twitter which gave fantastic earning reports since wednesday. i'm expecting a fabulous quarter from facebook, but so is everybody else we hear from crafts what a challenging company. it's been a series acquire so far which -- because it's hostile and warren buffet whose an investor didn't want the company to do those deals. unless craft hieinz can find a company to go by it's not going to go any higher maybe this company has a trick up its sleeve. i'd rather pay up on top of the 134 points as amazon i think there's a rival of amazon, you could get a similar stock with act vision, starbucks and apple, let's take them down one at a time with audiences paying to watch other people play video games, could be an nce sport nationwide soon maybe we s

in other business news, pepsico's latest earnings aren't as sweet as they once were.for gatorade is weak and marketing missteps led toa drop is weak and marketing missteps led to a drop in its north american quarterly sales. revenue falling 3.5% to $5.3 billion. the consumption has been falling for the last 12 years as more people choose healthier options. that has forced sober makers to bulk up their portfolio of noncarbonated drinks and launch low and no calorie versions of their alicia machado brands hash soda. google has updated its version of the macro once more do buy. —— there alicia machado brands —— their alicia machado brands. in last year google brought out its first branded high end smart phone, the pixel, designed to show off all best in the android operating system. best in the android operating syste m. n ow best in the android operating system. now we have pixel two. the screen is bigger and goes further to the edge. 0ther screen is bigger and goes further to the edge. other key things at the heart of google's pixel phones is the google smart assistant

on the earnings front, pepsico, monsanto and costco all reporting their quarterly earnings.usy week for the president as he plans to visit puerto rico and the virgin islands. and he's about to announce an executive order on healthcare. and the data breach that put hundreds of millions of americans at risk. we'll talk about the cloud and what's driving technology. join me as i sit down with president trump's chief economic advisor to go through this tax plan. that will do it for us on "wall street week." thanks for joining me. >> i'm bob massi. for 35 years, i've been practicing law and living in las vegas, ground zero for the american real-estate crisis. but it wasn't just vegas that was hit hard. lives were destroyed from coast to coast as the economy tanked. now it's a different story. the american dream is back. and nowhere is that more clear than the grand canyon state of arizona. so we headed from the strip to the desert to show you how to explore the new landscape and live the american dream. i'm gonna help real people who are facing some major problems, explain the bo

>> not really pepsico, yes -- >> walmart >> rising rates. who do you have on >> we're still figuring that out. >> i don't know that why don't you have josh -- >> how could i be paying attention to "halftime report" when i'm dialed in n. ow >>> coming up, more on a record-setting day for stocks. keep it right here >>> welcome back, we're expecting them around 1% we have an extra helping, up 1.2. no revision. let's trip out transportation and see how the number holds up. pretty good. we lost a tenth. if you look at durable good orders, the headline number is more than expected, up 2% versus expectations, following a 1.7. x transportation, that's three tenths better than the unrevised 0.2, let's get to the moneyball. capital goods number, and it's starting to do better. last look it was up -- it's up more, we're putting out decent numbers there. do keep in mind this series is well watched by many, including the fed and the recent trends have been improving. michelle, back to you. >> we'll watch the effect on the markets. thanks so much good mor

. >> i wish nelson had used the pepsico example.f you go over the really beautiful conference call at pepsico. you'll hear ingenuity and talking about developing smaller brands into large brands and not just resting on their laurels, which is why pepsico has the best organic growth of the consumer product group that's what procter has done wrong. they didn't anticipate dollar shave club which has hurt the share of gillette and did not understand if you do international markets you have to start small procter is a great american company. when i spoke with a lot -- i'm going to play my cards jim mcnerny was a fabulous ceo and frank blake, total heavyweight. when they left home depot and boeing, they left them with -- the imprint, look at boeing. that is exactly the course that he put them on yes, it's absolutely true that we've got good news from home depot. frank blake set that company on the course you're dealing with heavyweights that said, peltz has done a job when he's in. >> p&g brought out lafley. >> done not a great job. made

its rival, pepsico, reported a drop in soda sales in north america.at coke have gained some market share in the soda business. boeing will also be reporting. now, the world's biggest playmaker saw an increase in total deliveries during the quarter. that was really led by more single—aisle 737 jets. but fewer higher valued widebody deliveries. finally visa, the world's largest payments processor will be reporting. now, with consumer spending rising, people were using the payment services of these are a lot more. that means this past quarter will likely have been a good one for the company. richard dunbar is investment director at aberdeen standard investments. good to see you, nice to have you on the programme. some healthy earnings reports from the us, helping to push the wall street stocks to a new record high? indeed, probably a good job. we are seeing reasonably good results from the likes of caterpillar, gm, it is a reasonable result. next, the generally good results from banks in the us. tell us results from banks in the us. tell us what is happe

shares of pepsico trading lower after the company beat earnings estimates. what is happening?id eat earnings estimates but they miss revenues . the stock is all over the map. down just fractionally. perhaps investors looking past the slight revenue risk. we have a great graphic that illustrates this drop, down 3% on a year-over-year basis. the first time we have seen this happen in nine quarters, that is the snack business. this next offsetting beverages by 9%. miss is pretty big. year to date 34% of their total revenue. he had to keep the beverages growing strong. >> [inaudible] bloombergop into the and look at the equity of relative valuation function it is trading 19.9 times. these blue dot signaled relative discount it is playing out. vonnie: thank you. mark: great stuff. coming up, following stocks. 35 minutes until the end of the session. germany is at a record. this is bloomberg. ♪ consumers who want to continue that protection will have to pay for it. >> the best thing a consumer can do is get the lifetime lock. >> i'm asking a question. your offering free credit monit

major surgery i'm doing here no, no not tech don't want to do tech because it's run so much let's do pepsico think it works fine. sorry i had to do so much searching but when you have these situations you have to pull them apart. duffy in pennsylvania. i'll do more work on vectren duffy. >> caller: boo-yah, go birds and shoutout to granddaughter madison marie and thank nurses and doctors robin and amy from penn keeping my wife alive >> i love the doctors. kept my father alive let's go >> caller: i dumped ge, got out of rite aid and chesapeake energy -- enterprise partners and halozin. >> that's three stocks, you kept others >> hanging on to -- forever. >> here's the problem. first the doctors are fabulous i thank them i love kratoo. keep that. enterprise products, you traded up cheniere i like it and okay but not both halozyme and clovis throw hallowzyme away. put that in. not had to work so hard in career but there you go. major surgery. stick with cramer. ♪ some things are simply impossible to ignore. the strikingly designed lexus nx turbo and hybrid. the suv that dares to go beyond utilit

the ride hailing company also announced its new chief legal counsel, tony west from pepsico.curity company makes its public trading debut. you will hear from the ceo next. this is bloomberg. ♪ emily: a cybersecurity company climbed in its public trading debut. after raising $150 million, the ceo sat down with our bloomberg ipo reporter in new york. he discussed the next big thing in cybersecurity. ,> the space in the cyber world i know it sounds basic, but giving the company asset inventory or visibility is the next big thing in cyber. is that where a lot of the incursions are coming in? you worked at mcafee. what is the number one place where your clients are concerned that bad actors get their hands on data? >> what we've seen is an incredible growth in what you would call iot, the number of devices coming onto a network. house, theour thermostat and tv and security cameras are paired with a network. 's areios -- what cio dealing with is this explosion of devices. many don't have security on them. you can do the best job possible on 99% and the bad actor is going to find a

yes, this is an etf that follows all the major staples including proctor & gamble, philip morris, pepsico, walmart, costco, walgreens and kol gate just to name a few while a border stock margaret is soring sore soaring to new heights the xlp is flowing ponce believes there are some potentially bearish developments here that could harrell a nasty decline. so many people have been hiding for ages because of those dividends. there's a lot to be concerned about from tech y'all perspective. ponce start out that consumer staples etf has made a head and shoulders pattern. right? that's a really pretty clear defining we broke down the neckline of the pattern. head and shoulders is a formation that looks just like the top of a person. a head sandwiched between two shoulders and one of the most reliable patterns in each book whether you see one of these it's often assigned in a nasty pull back waiting in the once. you need to expect a sizable decline, if the s&p break down more that it have be confirmed bullish trend line, green. floral support, roughly a year now, it's in danger of being violated

strategy that nelson pelts advocates is the same one that ingeneral nudity as you so successfully at pepsico. that's one of my favorite companies. kroger and western digital strutted their stuff kroger stock's have been beaten beyond rock in addition. costco -- just like cost koe, kroger need to articulate something to put kroger in check. i don't know if they did i thought by this time western digital would be able to talk about how it bought out partner toshiba business, which wanted them to do so badly. toshiba want to sell it the big capital. i'm sure western digital will continue to try to block the deal there's a lot of talk of price weakness of late in both businesses maybe there's a lot of flash coming online in 2018. i've only seen weakness on the-drive side but that alone could be a killer. given there's so much hot money in the stock we left for trade for experts.com club members, too much money has been made and no one ever got hurt taking a profit that's a continual theme for me. now i've been saying the latters become the key to this mark, talk about this with squawk on the str

highlight pe pepsico which declined. motors getting a boost here. better than 4%.dging to sell 20 all electric vehicles. withing electric by 2023 20 all ed cars. joe: let's take a look at the government bond market. a ton of action happening in the u.s. today. 149.ur yields unchanged, ten year yields ticking little bit higher. not much there. not surprisingly in spanish government bonds. spreads hidening after the -- incidents ina catalonia. government cracking down on the referendum. extraordinary early low. term, seen at a long incredible depression over the years. nonetheless, little bit of anxiety creeping into spanish .preads alia: that anxiety leading to tone in euro dollar trading. its lowestalling to in around two week. 13250 there.rt prime minster theresa may speaking tomorrow. rallyllar continuing to it began last week. risingufacturing index to the highest level it's been than a decade. bit of dollar continuing. you quick chart you a sense what's going on. you can see on the right hand side that chart, the dollar there.ittle is you a sense whag failing t

. >> we were spun off from pepsico. >> look what you have done a ton. >> it's been a lot of fun. >> you don't call any of your former employees and say you're great. >> i think -- i call brian -- >> >> i think you want to tell -- a lot of the research we've done has shown that peers want more peer recognition you want to create an environment where everybody is looking for it and that you can freely recognize other people. when you do that, you get much more involved, much more commitment from all levels of your organization. i think recognition is something that you want to have coming from the top down to the organization >> looking back at the financials of yum, would tax reform make a difference to that company? >> i think absolutely. i think, you know, the more you can strengthen the balance sheet of any company, the more they're going to be able to invest, the more they'll be able to impact the world and their results. >> i mean, the -- this is the broader question the trumppresidency, $5 trillion and $5.4 trillion in market cap what do you as someone that, you know, knows how to

pepsico, monsanto, they are reporting. i have the year to date reform is is for the companies.e done well. tesco under pressure. in terms of economic data, expansion expected, but it is jobs data. what is expected here is a ofher weak report in terms hiring, and that is not unusual when you have two hurricanes. pastcanes have shown a disruption in hiring. 85,000 is the latest survey from economists polled by bloomberg, unemployment around 4.4%. yvonne: su keenan joining us from new york. she mentioned the end of the third quarter marked an eighth straight period of u.s. gains, the longest in two years, despite continuing drama in washington. the war of words with north korea and the hurricanes. ramy inocencio is at the wall with the charts you need to know. 3923.first off the g #btv it is all about rotation, and in the third quarter of this year, we have seen this inflection point in the blue line and the white line. the blue is the ratio of small-cap index to large cap index. we can see the inflection point around august. similar later on in september with the value index. so

i wanted to get your feel about why constellation brands, pepsico, domino's, on last week, they still feel that the best bang for their advertising buck is the nfl will that ever change? >> no, it won't. remember this. the nfl is still hundreds of percentage points ahead of every other league and every other property the nfl is the number one television property in the world by such a wide margin because it is, first of all, it's live action, and it's unscripted live action, and that is the number one form of content over any other kind of content, so it's the rarest form of content, so sports as a content is never going to be cheap. it's always going to be expensive, and it's always going to be exclusive, but the nfl is so used to being so far ahead of everybody and basically just deciding to hit numbers that are so outrageous that when they see any fallback in their business and they are finally seeing a fallback in their ratings, and they are getting complaints by the thousands at every stadium and letters from their fan base, they know they have to move on this as it has become a

pepsico has kept it quiet until now.ybreak asia," we look at the outlook of oil. our guest joins us in about 15 minutes. yvonne: struggling to hit around 50, a good time to talk to him about that. we discussed the asian property around 8:40 hong kong time. we will bring you the interview with the chairwoman coming up next. this is bloomberg. ♪ yvonne: 8:00 a.m. here in hong kong. u.s. stocks off fresh eyes, treasuries and the dollar little changed. president putin hints at for the restrictions as oil hits a two-week low. an extension will be considered as the current curves expire. from bloomberg's global headquarters, i am kathleen hays in new york, just past 8:00 p.m. . cap and russia. the inquiry expands, though no proof of collusion yet. the clinton campaign is also under scrutiny. janet's number two is confident inflation will rise. stanley fischer also says the next fed chair will have to be flexible when it comes to policy. yvonne: pretty quiet here in asia, but not a whole lot of catalyst to give us direction in

pepsico down in a big way after an endless downgrade. they reported earnings on the fourth. intel, the highest since november. motorsrength in general reporting two new electric cars. investors seem to be jumping on board. tesla are in the spotlight as well, right? extended trade, falling after saying they will miss production targets for the model three. also, we heard from oracle as well. let us tackle tesla first. somefter hours, there is weakness. we are seeing a story. sedannderperformed on the that is designed to the more mass-market. underperformed in a big way. plus, record demand for the more pricing models. they actually exceeded targets for general deliveries, and in terms of what tesla's founder is saying about the sedan, he talked about the fact that it was going to be "hell to ramp up production." so it was a big mix. but they do say it is something that will focus on. shot.our best they continue to capture it. he stopped in -- the stock is reflecting that. anchor: they are putting their faith on elon musk saying this is awkward to change long-term expectations

great recession therefore they became i thought a target we're kind of well past that tony west is at pepsicojust no real correlation there like you pointed out. the group is back. does goldman deserve a 15 multiple you put a 15 multiple, you have a $300 stock. >> but you're not getting a 15 multiple. >> i'm giving it a 15 multiple. >> in part because the recent performance has been uneven to be kind. >> have you seen the rest of the market >> whereas frankly morgan stanley for a brief time who's market cap eclipsed that has been less uneven in part because of the move towards wealth management, it's been seven or eight years. >> it's a great niche, fabulous niche. turned out to be large. >> that's an interesting comparison. >> look at that. >> remember when morgan stanley was 12 and one of those outfits that tried to influence the market said it was going to zero and morgan stanley reminded us it wasn't at 12 going to zero. that was a good call that was not early by the way, it was timely. >> to carl's point, m and a has been a strong point, it has not been a great overall point for financia

. >> pepsico stock under pressure down better in an 2% third quarter revenue missed expectations beveragetion more than 12,000 players at nfl affected, and snapchat gets more creative the social media service teams up with famous artist, how you can bring his consult yourself to your screen, amazon moves into your bedroom unveiling a device with alarm clock the camera raising eyebrows, camera alarm right there in your bed room? what? >> first now this our top story this half an hour house of representatives, expected to vote on a 2018 budget rolls of this week to get ball rolling on president's tax overhaul plan the republican framework eliminate state and local tax deduction would hit high states like high tax states new york california illinois hard, now some republicans are reportedly backing away from the full repeal, of that deduction, after municipalitying pressure from voters joining us art laffer president reagan's former economic adviser your take on all this, andrew cuomo governor new york tweeted out this last week, he said under gop tax reform plan, every region of new york wi

pepsico posted third-quarter earnings that beat estimates, also raising its forecast for the year.the north american beverage business. it shrank 5%. big changes are on the way at ford. ceo jim hackett will cut $14 billion in costs and drop some models from its lineup. ford's future will be focused on trucks, suvs, a lecture -- electric vehicles, and driverless technology. the government is looking into ways to replace the use of social security numbers as the main method of assuring people's identities. meanwhile, equifax has signed a contract with the internal revenue service to provide taxpayer and personal id verification services. at least one congressman wants the irs to explain the decision. david: in puerto rico yesterday, president trump offered countryce to help the get out of its terrible situation, not just with cash, but with debt relief. president trump suggested that he might go as far as to wipe out puerto rican debt completely. pres. trump: we have to look at their whole debt structure. they are a lot of money to your friends on wall street, and we will have to wip

dannon dump him but pepsico did not.ents were objectionable, disrespectful to all women, they do not reflect the values of our brand gatorade, fully supports women who compete or report, coach or play or any role in sport on or off the field. maria: wow, we all remarked about it. i thought it was a stupid comment but i don't -- i mean, what do you think? >> in this day in age i thought it was dumb. it was a little 35 year's ago in terms of talking to a female reporter that way. but again, is it really worth that level of outrage? by the way, remember sponsors went back to tiger woods, those were actions, not words. this was one joke. he was joking. maria: he started flirting with her. dagen: talking about routes. jared: this is a result of not just this incident but after super bowl 50 where he refused to talk to reporters and walked away. he was just disrespectful to male reporters and female reporters in super bowl. dagen: he said it with a smile and just one thing, i want to add, you know what, if it was me, i would h