so i was going to sell it and buy pepsico. >> look, i love pepsico and i love coca-cola, but i like whatyou do have a big gain no one ever got hurt taking a profit you seem to know the risks more than i can tell you maybe take some off. the other two are good too thank you. yes, sir >> yes, jim. big army hoo-ah to you. >> done your way. >> i'm looking at an index override fund that pays 7%, but i'm comparing that to a growth dividend stock such as american water works. pays 2%, is growing, and with the water waste/water services being required going forward, what do you think about that one? >> i like american water works very, very much. there is nothing wrong with a mutual fund that gives you dividend power i think that's terrific. but in terms of an individual stock that is safe, that has done a miraculous job where the compounding is good, american water works is excellent thank you. yes, sir >> boo-yah, jim. frick frederick, retired army, connecticut. >> thank you. >> monster and coke both came out saying there was an arbitration case. >> yeah. >> monster tanked. what do you think a

. >> who has pepsico >> i do. >> why so?been building a position in pepsico the last two mont months i think it exceeds 115 and goes to 120 >> industrials, i presume? >> i like it xl i, i'm in >> josh, you have a different final trade? >> i would, here's what i want to say you will see big bounces any time the market does what it's just done. down 11% don't get overly excited >> thank you very much, guys, "power lunch" starts right now [ music playing >>>. >> and welcome to a very special edition of "power lunch. i'm mellissa lee along with tyler mathieson. there is so much at stake for investors at wall street >> indeed, there is. cnbc has full coverage we will drill down on every angle. michelle caruso cabrero on the river. we have election meddling, steve leishman

>> it is i think people would be excusing that if you look at pepsico. pepsico keeps going up coca-cola. >> two monsters. >> do you want to just keep buying coke? do you >> you could own both. i own both >> how is that diversification >> what's wrong with that? >> they're the only ones that are left aren't we all hiding in pepsi, procter, mccormick spice >> i think that's offsetting their dollar exposure. there are other sectors that have plenty that no one is buying >> what about health care? >> i like health care. >> merck >> i like merck. al allergen >> do you like ge? what do they do? >> somebody wants to nope the answer to that what do they do? >> that look does say it all last night was sad for your football squad, today this is -- that look. >> that interview with david, i mean, all i heard was this, hey, it's going to take a long time good, i've got patience. i have patience. does anyone really have patience anymore? who has pash snens. >> -- patience >> stephanie link. she bought the stock when it was down >> she was in the box last night with h

it is sending money to mcdonald's and clorox and procter & gamble and pepsico and coca-cola and kimberley and clark. all the money is going that way. they're all hiding in these stocks i got to tell you, it is going to get hard to hide there if everybody hides it >> because, what happens >> because they don't have earnings momentum. they're just by default. >> so pay to wait no longer works? we are one and done or you hear from navarro, i think the chinese recognized what they are doing wrong. >> you heard his speech on friday, right? >> navarro -- that is a speak that reagan gave against the voe soviet union that did not end well. the idea of communist regime change, that's what they really want they wants the communist chinese to become what we thought they would be when we put them into the wto. that's not going to happen >> that's a big one. apple is trading the levels that we have not seen let's get to bob pisani. we are even on the advance decline line, we got strengthen energies and some of the banks doing better, materials, tech is the key story now. take a look, not just apple bu

. >> stocks like pepsico, microsoft, united health care.ate growth companies selling at sensible valuations that are self-financing. charles: strong cash flows? low debt? >> exactly. people are not going to want that, they want sustainability. charles: thank you. folks, we have been all over the board. the dow jones industrial average, up 202 points. liz claman, back to the same old spot. liz: it's been a 180 over the past hour and a half. charles: it's crazy. you blink, you know, you blink and it will be up or down 100 or 200 points. liz: that's exactly what happened. i looked down to bite a cracker, i look up, we're back up 200 points. thank you, charles. breaking news. why is that happening? are we seeing a brexit bounce? wall street rallying as we head into the all-important final hour of trade, making a major reversal. the dow swinging into positive territory this afternoon after being down nearly 300 points. to be down nearly 300 and now up 190, it is a big massive swing. we have the s&p up 24. look at the nasdaq, better by 116 points

campbell's soup was talked about in the same light as pepsico and coca-cola. j.c. same vein as wal-mart. there are 98,000 people that work at j.c. penney. those are jobs. those people do things. >> comps down. they see fiscal '18 ucomps down inventories were down. >> saying minus five is okay. >> minus five is the new flat. >> do you remember merry go round? they had minus 29 once. they told me this is a vast improvement over what we thought we can do. they were back up within six months. >> obviously, dow down on pace for the worst stretch in about five months. let's get to bob pisani. >> four to one declining to advancing stocks at the open. a lot of cross currents for the market to deal with. let me show you the futures. we have the powell speech late last night. we had reports that china had issued a written response to the u.s. trade proposal ideas. not clear about what the response will be. then we got resignations from a couple of cabinet offices. that seemed to have dropped the market a bit. then we have the recent thing with the italian economic adviser. i

people still buy goldfish and peppers farm there are still the pepsico of the world wanting more shell interesting that you point it out. campbell is part of a larger framework. barron had a story over the weekend, corporate america is ready the pay down its debt and that's bad for stock >> i think it is i look at the amount of buy backs that were done very low where you are borrow money lower than your dividend the cfo says that's not making a lot of sense the big one we have to find out about is apple did apple stay in there and buy? apple is worried of g-20 does apple recognize at this point that their phone is a bust and not thinking much about service. there is still so many buys on apple. there is so many buys on it. don't you think they use any lifts to be able to get out? >> right >> rain or shine >> absolutely. >> it has not been that -- >> david, you know what, i look at that and there is a reset for that >> where is buffett's average cost maybe the stock stabilized and kind of like when mark went on -- >> who >> "house of cards." >> it was the other guy, the industrials. no

after kellogg, does not look any better >> i am going to tell the new ceo of pepsico that he should reportbout now you see who has growth of fri-to-lay and who does not. david, this company, their model is broken. they had to buy someone ever since they were not able to buy. campbell could not move the needle here. i don't know if i am working at kraft, i don't know what i would be doing right now >> the acquisition path has been to some extent certainly made more difficult very quickly you would have been a genius >> jim, people right lane concerned of the margins as well i think people came in well below elements >> markets are off they try to put a good spin on it and talking about net sales increase 2.6 someone could say 2.6, how could you like them. this was a company that was a cash flow company. the cash flow is not nearly as strong ibita is cut it decreases 14.14%. >> negative .9% impact >> this is an example of a bad report this is bad. now everybody hates apple. this is the kind of company that i don't like it is a destroyer of value i said it. >> you did >> destroyer of value. >

, is melissa lavinson, she is senior vice president for governmental and external affairs here at pepsico holdings, a subsidiary company of exelon and works on local issues for the various pe pco area in the mid-atlantic area. let me start with the first question and this goes to anne, the first question is, as you think about what states and -- like california and local governments are doing to advance the ball on addressing climate change, what's the role of the electric utility in that process? >> well, sue, i believe that we have to start thinking about the electric utility industry as being indispensable to delivering the climate change solutions. we heard a lot this morning about the impact the of climate change, the complexity and the vexing nature of that problem, and when i think about the solution sets, they don't look like a linear equation to me. they look more like a scatter plot in need of an organizing function. i think the organizing force is going to be policy, but i think the electric utility industry can be the connective tissue that brings that together. when we think

. >> look, coca-cola is up again pepsico started the earning season i like the way loeb is acting. >> if you have things that are wrong at your company like execution has been sloppy and inventory is not right you would come out like ellison saying these are issues and we'll solve it i get encouraged by that he's out there saying we are dpoing to f going to fix it. i am watching as the stock could have a nice rally. i am watching the vix needs to get to 25. i need some retailers need to bounce some of the companies are doing really well. service snap is having a great quarter. >> taking you back to august 22nd when kornell talked about the healthiest consumer environment. >> it is a healthiest consumer environment, i have been doing this for a long time importantly for us, we are building market share visually in every category. >> our kourtney reagan asked about whether or not he stood by that comment he says we see no change and consumers are very healthy comps areaccelerating. >> he better hope so i really like him. i like the format stores i think the target at 3.6% yield is very

you none of these people have run a registers department or store take macy's take ibm other great pepsicoer competitors, to put the instate corporations out of business, this is a this is a chicken bone in my throat for years you know we are he opening new store every 48 hours opened 1,000 stores didn't get incentives, and almost like they if you are there they take i for granted, as opposed to taking to track motive retain put billions of dollars on the containable. >> very important. >> thank you so much for being here. >> coming up next right after this short break california in crisis going to take you this live dedicates on deadly wildfires about national guard stepped in to search-and-rescue. back in a minute. a good place to start is with an independent registered investment advisor. as fiduciaries, they live by a simple rule: always act in the best interests of their clients. that's why charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com moving? that's harder now because of psoriatic arthri