it gets better some of pepsico's divisions are truly on fire. gatorade seems to be returning to the old fabulous growth trajectory it used to have now frito-lay's products are being snapped up by millennials. there is a lot to like here. two days ago, this quarter would have been a nonevent today it sent pepsico surging to a new all-time high. that's not just because it was better than feared when the market gets this oversold, it can act like a coiled spring with stocks rallying beyond where you ordinarily expect them to go to on good news so who else can deliver a nabf quarter? this is the list, people get a pencil and paper out this is the one list you need. first, i expect jp morgan, jpm to report a generally better than expected quarter. this is jp morgan's moment, the moment to shine. huge advisory business, plain old credit lending, they should all be very strong as banks generate more and more of the revenue from fees rather than interest, i'm confident that jp morgan will be able to raise numbers. jamie dimon talked about a balanced bal

on cnbc is pepsico chairman and ceo hugh johnston thank you for coming on "squawk on the street" >>reat to see you as well, jim, good morning. >> let's get right to it there are a lot of people that say basically you did not raise forecast i see that you pivoted towards a higher growth rate than wall street expected and to me, that means it's a very tough quarter. >> that you are being rosier than wall street thought >> yeah, jim, i would agree with that as you noted, earlier this the year we really made a move to pivot towards higher growth, investing back in business in a much more significant way than we've had previously we're doing it across the board, advertising, selling campaignability, manufacturing capability all of that money is going back into the business with the goal of accelerating our growth for both us and our customers. frankly, it's working really well right now we've seen it over the course of multiple quarters at this point. we're seeing it across a broad base of businesses so we really feel good about the third quarter and how the year has gone so far. that's

to me, that was pepsico talking about growth.ssure, and that is kind of what you are talking about in terms of the different sectors. mike: boring is beautiful. it can be. once again, it is not sexy. it's not a great story. it's fritos and pepsi. those are staples, and that's exactly why you own these types of company's right now. people are not going to stop buying chips and soda, even if things slow down. alix: i thought everyone got healthy come the -- healthy, though. socia: we need comfort food, chips and soda are still good. the auto sector was dissected that the rate cuts were supposed to help, and it doesn't seem to be helping. it does seem like there are broader trends at work on the large consumable side. consumers are rolling over. alix: yes, but what about housing? for some, the rate cuts have in some ways stabilized housing. mike: housing went through a bear market in 2017-2018. stocks were down 40%, and things slow down dramatically. i do think rates can cushion the blow. cutting if you do get a cycle, that is going

pepsico says it expects to meet or beat its full-year revenue growth target.e better-than-expected in the latest quarter. in frito-lay'ses snack foods, helping offset the decline in soda. earnings at fashion retailer h&m have returned to growth after a three-year slump. h&m'sedit is going to well-received summer selection. good news, bad news for tesla and it released third-quarter delivery figures. the electric carmaker livered a but --number of cars, carmaker delivered a record 97,000 cars, but elon musk hyped 100,000 cars. shares falling on the news. quite a day for the u.s. equity indices. they've been very flimsy. the s&p up 0.33% now. some buying coming back into stocks. treasuries seeing the opposite of that early on after the services data. guy: earlier on, there was a risk the ftse was going to break 7000. we bounced off the earlier lows. we are now 77 points away from that level. we have continued to see brexit affecting the pound, and by extension the ftse 100. cac 40 is bouncing back. some luxury goods didn't get as affected as the airbus story as

in the food group, i'm a pepsico guy.hat's the straight and narrow by the way, i happen to like very much and pulled up yesterday, i happen to like the stock of mccormick better. let's go to charles in connecticut, charles >> hi, jim. >> vodafone. >> too risky it has had a very big move and it won't support it. william in maryland? >> caller: hey, jim. boo-yah to you. >> boo-yah >> caller: i'm interested in novacore, nvcr >> the stock came down a little bit, ran a little too much i like nova cure i think it really belongs in a portfolio. i think it's a good one. how about we go to chris in ohio chris? >> mr. cramer? >> yes >> caller: how you >> i'm good. how you? >> caller: very good, thank you. thanks for taking my call. my question is about the edge computing cloud perform. i bought in for around since the august stock rotation. and i'm just wondering whether i should hold on to it or do you see it bouncing back >> i wish -- i don't know the number between fastly and will from the tight end i think he is ir so i'm going

. >> pepsico and consolidation are moving frank has those numbers. >> reporter: strong consumer demande for pepsi trading close to their all time high gatorade posting highs, single digit growth pepsi cfo earlier today saying the consumer is actually doing just fine. here's why he said so. north american sales increasing across the board frito lay up 5.5%. international sales in europe, africa and asia rising 5% or more constellation shares falling 5% below it's 100 day moving average and that's despite the corona maker having 5% it's core business of beer and sales growth of 5.3% investors rattled by continued losses for its canopy investment that reduced eps by 20 cents this quarter back over to you >> we'll keep stick with the consumer theme herer and we'll get another read on that key consumer when costco reports earnings after the bell. >> reporter: costco a key be bellweth bellwether that stock has been a big outperformer returning more than double that of the s&p as it's one of the few retailers with stand many of the macro headwinds. costco has also been focused on expanding ov

on the earnings front, pepsico, costco, and constellation brands will release quarterly results today by a decline in tech shares. the dow sank 494, the s&p 500 lost 52, and the nasdaq was down 123 points. >>> the trump administration has been given approval to impose tariffs on goods from the european union. gouda cheese single malt whiskey and large aircraft are among the european imports being targeted. tariffs will be 10% for the e.u. aircraft and 25% for everything else. they're set to take effect two weeks from tomorrow. >>> more than two dozen major companies are suing the nation's four biggest railway companies. csx transportation, norfolk southern, union pacific, and bnsf railway are the companies named in the lawsuit. it alleges the railroads had a price fixing scheme to illegally boost profits. the railways have not commented on the lawsuits. >>> a federal judge is pushing carnival corporation executives to work faster to fix ocean pollution problems by the world's largest cruise line. earlier in year, carnival admitted violating probation from a 2016 criminal pollution cas

investors will be watching closely to see if those results can help the stock catch up wih competitor pepsicohich has outperformed coca-colala so farn 2019 as well as or the past 12 months. for nightly business report i'm domiasc chew. >>> night steve liesman told us the federal reserve is contemplating pausing interest ratets. a lot of that depends on economic data but nowteve tells us the fed will watching corporate earnings and wha the tell us. >> the fed has a data problem. it's meeting innder two weeks but several critical economic report like the jobs report and closely watch surveys of manufacturing and services doesn't come out until after the d issues its decision. what's the fed to do? in this case it might want to watch corporate earnings more closely than normal. next week is the pk of earnings season with more than a quarter of the s&p 500 seto report. earnings from household names like ford, lacaterp mcdonald's and amazon can help the fed aner tu key questions first has the u.s. consumer remained strong dmiepd the broader economic slowdown and second is the trade war hurting com

. >> bracing for fourth-quarter earnings season pepsico beating expectations stock up almost 2% pepsico p, thursday, your top stories right now 8:30 a.m. east coast markets are mixed, they are back in positive territory, futures indicating a gain of about 25 points on dow industrials, s&p 500 up 4 points, the nasdaq up 16 and quarter this after markets saw a rough start is to the beginning of the fourth quarter in two days' time, the dow polluted better than 800 points today, we are watching manufacturing, that is what started this sell-off the ism index indicated contraction this uniqueh week this northerning nonmanufacturing ism index 10 a.m. if it continues to show signs of contraction may see this market continue to selling, at this point, we are seeing a little bit of a stabilization initial jobless trends out a gain of 4,000, in europe this morning, mixed performs german markets closed others, as you can see, mixed f1100down 72 cac quarante in paris up 22 japan nikkei average average down better than 2% china closed for golden holiday country celebrates 70 years you communisted ru

not as bad as feared, nabath is part of what is happening with domino's pepsico, i don't know.arter and the stock has been soggy of late they have been the leader. remember andrew nooyi. i went to an aberdeen proving ground plant for sun chips david, because of -- what? >> nothing. >> with potatoes they were able to have a weather neutral plant. water out of potatoes. it was a long time ago she was so forward thinking. and they remain at the forefront. sustainability what is sustainability and stuff that is longevity? sustainability, to me, let's say you're involved with clothes. >> they want to replenish 100% of the water they consume from the manufacturer. >> they are. i'm saying that's the way they do things. >> 2025. >> they'll do it ahead of time. >> same that unilever pledged this week to cut their plastics use. maybe deode raorant comes in a cardboard tube >> when i met with church and dwight recently, they were the original of the cardboard box. >> what happens to our recycling, they were a huge recipient of much of our recycling. it is not clear. new york city, they pi

the dollar is too high that's the overall -- when you hear it on the pepsico conference call, you hearnference call, caterpillar is beaten on the head by the dollar >> it is we hear about it a lot from our -- >> peter navarro. >> yeah. >> peter has a point about the dollar he does. where is larry >> do not know. >> larry is not coming on. >> why larry would know about the dollar king dollar here. >> king dollar. >> scott mentioned with even on apple upgrades, adverse effects, we know we talked about it with pepsi. we don't usually comment on bnp paribas. underweight nike, in part because of huge -- >> you talked yesterday about how much of the s&p is manufacturing. look, the dollar, in any situation where we're competitive, like caterpillar, we're going to lose. deere, we're going to lose if you can buy something in euros, it costs too much to buy our stuff. i tried to buy deere tractor in italy. the price of a porsche a tractor. the price of a porsche >> you didn't buy it in. >> no, it is the price of a porsche. >> what are you doing? >> trying to get a used european tractor. trying t

the health of the nation's nonmanufacturing or services sector as well as unemployment andacorders, pepsicoust announced orders and beat expectations. uber launched an app called uber works to help connect temp workers with businesses looking to plug staffing gaps. it will allow companies who struggle with missed shifts or high turnover. pay, location, skills and required work attire. uber says the app will enable time tracking letting users track in and out and log theira enrolled in airline and rewards programs let their miles expire. millennials are the most likely generation to lose rewards. mo 60% have forfeited hotel points. 50% airline miles and 44% credit card rewards. points and miles have value just like money. if you want to extend your expiration date show account activity typically that includes donating points or miles to charity if you can't use them. >> i mean, that cost you nothing. >> problem solved. thank you, contessa. >>> do you want to go far away, chr kris? >> maybe. where are we going? >> alitalia offering a nonstop flight from sfo to rome. available between july 1st

pepsico told us that could coca-cola rebut them therm they'll try. it's also the one that's the best tell for whether china is serious because they should let america's best come in without a partner. that would be the key. and it might still be held up. then there's the oil service giant. this one used to give us consistent upside surprises but those days are long gone we still own it for my charitable plus and part of the diversity and my attempt to be able to diversify. i'll be talking about it on my conference call next week. i'll be talking about how we sold some for a loss and should have sold it all bottom line with this latest news on trade today and two or three phases means we can finally focus on the substance of earnings and i like that. i'm expecting many of these quarters could be better than expected certainly better than the media is constantly harping on it could be a good week as long as washington doesn't get in the way. kathie in new jersey kathie. >> hey, cramer. >> yeah. >> i have been an avid peleton rider and owner for years a

nonmanufacturing or services sector as well as unemployment, factory orders, plus we did get earnings from pepsico this morning. uber launched an app called uber works to connect temp workers with businesses looking to plug staffing gaps. the app is only available in chicago for now. it shows workers available jobs and helps companies who struggle with missed shifts and high turnover. users can get detailed information including pay, location skills, and work attire. the app will enable time tracking. many people clock in and out and log their breaks. >>> nearly half of americans enrolled in airline and hotel rewards programs have let their points or miles expire. a new survey out from bank rate shows millennials are the most likely generation to lose rewards. almost 60% have forfeited hotel ints, 50% airline miles and 44% credit card rewards. bank rate says those points and miles have value just like money. it's easy to extend the expiration if you show some account activity that could include donating points or miles to charity. >> if you don't know what to do with them, donate them. >> millenni

revenue coming in up organic revenue growth and pepsico expects to meet or exceed revenue growth. it looks like better than expected across the board. >> some of these have such nice multiples. they keep doing it >> in manufacturing and other areas. >> don't want it to be like days of general electric. remember when coke was 40 or 50 times? >> pepsi is trading at 4.85 times. price to earnings ratio of four times. >> thinking about your story there about the masks. we'll have a guest on later who described a recent trip and how everything is so advanced. there are facial recognition cameras everywhere there are no criminals because they are all hiding. >> i used to worry with your license plate, police now can drive by and take a picture. >> they don't even have to take a picture. it goes off. it will go off if you have outstanding warrants is that the future with facial recognition? >> yes the problem is not just for criminals but for any political statement you make >> i would never do that but it is a scarey future. really interesting they have a depopulation they don't have eno

pepsico is planning to use 15 tesla electric semi trucks to replace its existing freight equipment. analysts at morgan stanley says the deployment of the tesla trucks prove real-world validation of the value of the truck business >>> sell equities and buy fixed income that was the trend in the latest investor movement index from td ameritrade and many popular tech names were right at the heart of the selling. joining us now to talk about the trades and trends we're seeing is j.j. kineham, great to see you as always. >> always a pleasure thanks for having me >> before diving into the individual sectors and stock, the headline was risk sentiment is softening people are taking risk off the table. >> they are. and it continues an 11-month trend of being under the average from when we started this index. what's interesting is you hit, i think, on the most interesting part of it risk may be -- people may not be taking as much risk, but the fact that they're going into six-month and less fixed income. in fact, 70% of what we've had put into fixed income last month was in six-month and less

we can help it by having fed funds rate that is lower and the dollar stops soaring even on pepsico, theastic. >> we can't -- that's a good tease, jim. >> senator warren wants a piece of his wealth. senator warren will come after you for that jacket. >> what are you talking about? i just put my ear in. >> he doesn't know what's going on. >> there are too many billionaires too many billionaires. they should do a show about billionaires called "billionaires". >> i heard of one. >> just over half an hour until the opening bell on wall street. dom chu has a look at the morning's biggest movers, some of which just started moving last 25 minutes. dom? >> two things, first of all, i know that show "billions," i like everyone's tie on air today. tie envy morning movers starts with snapchat, snap inc those shares are up 3.5%, over 400,000 shares of volume the social media company gets upped to equal weight to underweight from analysts at morgan stanley next up we'll check out shares of general electric, which are lower by over a percent on around 420,000 shares premarket. the industrial giant get