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i'm some oligarchy. 90 percent of the milk jones farm produces his by pepsico for making baby food. so news of the company's possible pull out was naturally a cause for concern. but pepsico just like coca cola, only decided to stop making so drinks and will continue producing dairy products. so sales of milk remain the same and no shortages are expected. the main problem for farmers these days is the volatility of the rouble nozzle. chem, bolshoi. boucher medicament given us to protestant import me. oh no sir. it will sky zelma equal as a pot. tom tom ye ashore. false led me elementary. dear v demeanor. you mix at the torture, importantly service there mean a subordinate to keep icici the europa? yes, you subordinate at the body, of course now stole or not. what is double misty? yes. bristol treated the body crush mom john, the son timothy, helps him faced the difficulties he's now in charge of dairy production, and this is the 1st crisis of his career monopoly much sellable up, i think about almost the yellow slip, so ros. some more so. so car from wouldn't what i bought, the name
i'm some oligarchy. 90 percent of the milk jones farm produces his by pepsico for making baby food. so news of the company's possible pull out was naturally a cause for concern. but pepsico just like coca cola, only decided to stop making so drinks and will continue producing dairy products. so sales of milk remain the same and no shortages are expected. the main problem for farmers these days is the volatility of the rouble nozzle. chem, bolshoi. boucher medicament given us to protestant...
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so leaving russia or suspending operations floating coca cola, pepsico and nestle, among other things. they are the largest producers of dairy products and baby food . will there be a shortage of dairy products and russia over some recorded enjoy? cuz that honestly just nobody group recently say, joe john kapinsky, who's british considers himself a russian farmer. he's been living in russia since 1991. he bought a collective farm in of that email, reaching back on it's feet to day. it's the largest bomb in the reach and employing 200 people. it produces $65.00 tons of milk a day or over at the hain chena honeycup previously. but some legal albany di him come foot, die him corum dime her or she spot anemia or yesterday and nobody me pull to chime some mulligan. 90 percent of the milk jones farm produces his boat, my pepsico for making baby food. so news of the company is possible pull out was naturally a cause for concern. but pepsico, just like coca cola, only decided to stop making so drinks and will continue producing dairy products. so sales of milk remain the same and no shortages
so leaving russia or suspending operations floating coca cola, pepsico and nestle, among other things. they are the largest producers of dairy products and baby food . will there be a shortage of dairy products and russia over some recorded enjoy? cuz that honestly just nobody group recently say, joe john kapinsky, who's british considers himself a russian farmer. he's been living in russia since 1991. he bought a collective farm in of that email, reaching back on it's feet to day. it's the...
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Jul 12, 2022
07/22
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pepsico raised its outlook for the second quarter in a row.y expect revenue to grow 10% this year as consumer demand remains resilient. pepsico's north american business remained strong during the quarter. demand for convenient food helped international markets continue to perform. that is your business flash update. jon: thanks. canadian telecom giant rogers is said to take a financial hit after a massive network failure last week. we have details on that next. this is bloomberg. ♪ jon: this is "bloomberg markets ." our number today is $70 million canadian. an estimate from one analyst who covers the telecom giant rogers. estimating the network failure we saw last week which had millions without phone service, caused pickups or businesses as well. now the government is looking to get the entire industry to work together to avoid a similar situation down the road. very similar to action we have seen taken in the u.s. we heard from the industry minister. here is what he had to say. >> we depend on their network. millions of canadians were impac
pepsico raised its outlook for the second quarter in a row.y expect revenue to grow 10% this year as consumer demand remains resilient. pepsico's north american business remained strong during the quarter. demand for convenient food helped international markets continue to perform. that is your business flash update. jon: thanks. canadian telecom giant rogers is said to take a financial hit after a massive network failure last week. we have details on that next. this is bloomberg. ♪ jon: this...
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the wake of sanctions food giants and leaving russia or suspending operations, coating coca cola, pepsico and nestle, among other things. they are the largest producers of dairy products and baby food . will there be a shortage of dairy products and russia? cut over some pretty hard. it's her doing because they're consciously just knobby group briefly say, john john kapinsky, whose british considers himself are russian farmer. he's been living in russia since 1991. he bought a collective farm in the vladimir region, back on its feet. today is the largest farm in the region, employing 200 people. it produces $65.00 tons of milk a day. cut over at the gen chena monica previously, but suddenly, globally di him comfortably. dime corum dime her or she is bonnie me as the i yesterday on the door but me. paula johnson. malika 90 percent of the milk jones farm produces his by pepsico for making baby food. so news of the company is possible. paula was naturally a cause for concern attempts to co, just like coca cola, only decided to stop making so to drinks and will continue producing dairy produc
the wake of sanctions food giants and leaving russia or suspending operations, coating coca cola, pepsico and nestle, among other things. they are the largest producers of dairy products and baby food . will there be a shortage of dairy products and russia? cut over some pretty hard. it's her doing because they're consciously just knobby group briefly say, john john kapinsky, whose british considers himself are russian farmer. he's been living in russia since 1991. he bought a collective farm...
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Jul 12, 2022
07/22
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pepsico got away with saying they could have done 10 and they did eight.ftware companies, people are squeezed. >> people being investors? >> the investors, the robots. >> and what you've been talking about has not been reported. >> i have to tell you when i was in the metaverse, i don't know we we have pictures of that with mark zuckerberg, i had a sense this would be for real. that it was going to work. >> there you are. >> that's you? >> yeah, it is. there, do you see? no one understands how cool it is. i'm saying your avatar is you. >> your movement looks so natural. [ laughter ]. >> it really is natural and it looks like so much fun. who wouldn't want to be with mark zuckerberg? >> there you go to the moon. >> i am stunned, i am stunned. >> let's try to have a high five. >> so, do you think he is a clown? >> we are having a good time, here and the stock is up today. i was talking about the fact that you were talking about they would spend less and lay people off. >> they are the worst performers. >> knob everybody is great there and they were on a hiri
pepsico got away with saying they could have done 10 and they did eight.ftware companies, people are squeezed. >> people being investors? >> the investors, the robots. >> and what you've been talking about has not been reported. >> i have to tell you when i was in the metaverse, i don't know we we have pictures of that with mark zuckerberg, i had a sense this would be for real. that it was going to work. >> there you are. >> that's you? >> yeah, it is....
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Jul 14, 2022
07/22
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pepsico had three tranches, a $2.5 billion deal.charts, $16 billion in demand. we're talking about corporate bonds. apparently pretty tight spreads compared to, say, the 5-year yield, mike. it just speaks to the fact that there is still very strong demand for investment grade credit, especially a name like pepsi, which does have very good earnings and is considered a safety stock in this kind of environment. but some people look at this, especially the investment grade market, and say there's a bit of a disconnect with the stock market where the stock market is more bearish. >> i would say possibly that is the interpretation, although it's a similar dynamic in the stock market you do have a bid in predictable, steady, quality type assets. it's the same type of thing with corporate bonds. pepsi is like an a-plus rated credit incredibly safe. given what's gone on in treasuries, you have rebuilt a little bit of a nominal yield cushion so maybe it fields attractive you're getting 4% or whatever it is on a five-year paper. so it's unders
pepsico had three tranches, a $2.5 billion deal.charts, $16 billion in demand. we're talking about corporate bonds. apparently pretty tight spreads compared to, say, the 5-year yield, mike. it just speaks to the fact that there is still very strong demand for investment grade credit, especially a name like pepsi, which does have very good earnings and is considered a safety stock in this kind of environment. but some people look at this, especially the investment grade market, and say there's a...
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Jul 13, 2022
07/22
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, their foods business actually produced a very strong quarter so if you look at pepsico as a barometer for coca cola quarterly report you might be wanting to look at coca cola right now and the stock is slightly down today >> absolutely, and like i said with coca cola, it is as steady as it comes. consistent dividend increases, the fact that they have diversified and as i said sold off their bottling business, that actually just feeds into the bottom line. that feeds into the revenue group, so i really like those two stocks. >> cheryl: final word, larry kudlow says we're getting 100 basis points. that's what kudlow just said on the air an hour ago. what do you say, hugh, final word. you still sticking with 75? >> 75 basis points of the july meeting, 50 basis points at the september meeting. don't get caught up in the hysteria, and scott, i gotta disagree with you slightly. you're still on the defensive side when you talk about staples and stocks like that. it's not a preview of what we're going to see , maybe not this month but maybe in the short-term, a couple of months. last week, wh
, their foods business actually produced a very strong quarter so if you look at pepsico as a barometer for coca cola quarterly report you might be wanting to look at coca cola right now and the stock is slightly down today >> absolutely, and like i said with coca cola, it is as steady as it comes. consistent dividend increases, the fact that they have diversified and as i said sold off their bottling business, that actually just feeds into the bottom line. that feeds into the revenue...
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Jul 12, 2022
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. >>> earnings from food and drink giant pepsico today. and twitter is accusing elon musk of knowingly breaching his agreement to buy the company. musk is seeking to back out of the $44 billion deal and in a letter twitter lawyers say the company has not violated its terms of the sale as it musk has claimed and is taking steps to close the deal took sources say twitter plans to file a lawsuit this week. twitter stock is now 40% below the buyout price. >>> amazon prime day is now underway. the company has long used the event to get people to sign up for prime membership it costs $139 a year. amazon does not disclose total prime day sales but research firm insider intelligence suggested sales could grow this year because the event falls in mid-july allowing amazon to capture more consumers doing back-to-school shopping. back to you. >> and i'm not back-to-school >> if you can find a deal, and of its a good deal, go ahead. >> why not? >> but then it's in the house and then i buy it again. i'm not really saving money. that happens a lot. >>> 4
. >>> earnings from food and drink giant pepsico today. and twitter is accusing elon musk of knowingly breaching his agreement to buy the company. musk is seeking to back out of the $44 billion deal and in a letter twitter lawyers say the company has not violated its terms of the sale as it musk has claimed and is taking steps to close the deal took sources say twitter plans to file a lawsuit this week. twitter stock is now 40% below the buyout price. >>> amazon prime day is...
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Jul 15, 2022
07/22
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in the united states, high-grade issuance low again, missing weekly estimates despite pepsico's on salen thursday. just the second high-yield bond sale of july. sticking with credit and the lack of issuance, blackrock's reader put cash into work. >> the credit markets, we started to let the line out a little bit on some of that cash. you think about if we are going to be run rate inflation over the next five to 10 years, you could buy high yields at 9.5 -- 9%-nine point 5%, investor great quality at 5%-ish. that is a good real rate. there is stuff to do now. lisa: some people might be getting optimistic and other staying away. cameron dawson, jim caron, and lotfi karoui still with us. citigroup lowering combat -- corporate bond sales. we revised down of the predicted range of 1.2 trillion dollar contingent on more stable secondary market conditions toward year-end preventing a lock above the ig primary markets. i want to start with you, lotfi karoui, how much do you see the slowdown in the issuance market. with companies not needing to borrow and deciding not to lock in rates that are n
in the united states, high-grade issuance low again, missing weekly estimates despite pepsico's on salen thursday. just the second high-yield bond sale of july. sticking with credit and the lack of issuance, blackrock's reader put cash into work. >> the credit markets, we started to let the line out a little bit on some of that cash. you think about if we are going to be run rate inflation over the next five to 10 years, you could buy high yields at 9.5 -- 9%-nine point 5%, investor great...
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Jul 27, 2022
07/22
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companies like mcdonald's, pepsico a couple of weeks ago, people are still spending.ple are buying soda, chips and things. it is more of a change in the mix and less a complete slow down. >> the story is not over. we will be watching those amazon results coming out later this week. thank you so much. we appreciate your insights. another story we are washing, russia says it will opt out of the international space station after 2024. they are planning on focusing on building their own orbital outposts according to the new space chief. this move coming amid tensions between russia and the west over the war on ukraine. russia says it will fulfill its obligation to its partners before he leaves the project. they are scheduled to be decommissioned anyway by 2023. coming up, an update on the state of somewhere. the impact this has had on cybercrime. we will break it all down with wendy litan more. this is bloomberg. ♪ this is xfinity rewards. our way of showing our appreciation. with rewards of all shapes and sizes. [ cheers ] are we actually going? yes!! and once in a lifet
companies like mcdonald's, pepsico a couple of weeks ago, people are still spending.ple are buying soda, chips and things. it is more of a change in the mix and less a complete slow down. >> the story is not over. we will be watching those amazon results coming out later this week. thank you so much. we appreciate your insights. another story we are washing, russia says it will opt out of the international space station after 2024. they are planning on focusing on building their own...
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Jul 26, 2022
07/22
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there was evidence of the difficulties with volumes from pepsico a couple weeks ago, where they talked about being able to again pass price increases along. prices were up about 12%, but there volumes were flat to slightly up. coca-cola today, volumes were a little better than pepsi had been, but it is definitely something we are keeping an ion. -- an eye on. in terms of the amount of stuff people are buying, it is not nearly as robust as the prices are increasing. alix: the conclusion of all of this, consumers are buying stuff and more price-sensitive and trading down to some extent. at the same time the consumer confidence number not great but you pointed out that the inflation reading is coming down, still at seven but much lower. is this the kind of thing the fed will be happy to see and talk about at the fed meeting today? michael: to a certain extent. new home sales dropped the lowest since april 2020, the height of the pandemic. you have to go back to 2018 before that, so a significant slowdown and it bleeds over to the consumer confidence numbers because they ask about buying p
there was evidence of the difficulties with volumes from pepsico a couple weeks ago, where they talked about being able to again pass price increases along. prices were up about 12%, but there volumes were flat to slightly up. coca-cola today, volumes were a little better than pepsi had been, but it is definitely something we are keeping an ion. -- an eye on. in terms of the amount of stuff people are buying, it is not nearly as robust as the prices are increasing. alix: the conclusion of all...
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Jul 12, 2022
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pepco raised their outlook for the second quarter in a row -- pepsico raised their outlook for the second in a row. consumer demand remains resilient. their north american food and beverage business remains strong during the quarter. it is the first time human beings have seen a distant galaxy cluster in such vivid detail. president biden unveiled one of the first full-color images from the james webb space kit telescope -- james webb space telescope. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i am ritika gupta. this is bloomberg. ♪ what if you were a global bank who wanted to supercharge your audit system? so you tap ibm to un-silo your data. and start crunching a year's worth of transactions against thousands of compliance controls with the help of ai. now you're making smarter decisions faster. operating costs are lower. and everyone from your auditors to your bankers feels like a million bucks. let's create smarter ways of putting your data to work. ibm. let's create >> when you look at
pepco raised their outlook for the second quarter in a row -- pepsico raised their outlook for the second in a row. consumer demand remains resilient. their north american food and beverage business remains strong during the quarter. it is the first time human beings have seen a distant galaxy cluster in such vivid detail. president biden unveiled one of the first full-color images from the james webb space kit telescope -- james webb space telescope. global news, 24 hours a day, on air and on...
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Jul 11, 2022
07/22
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tomorrow, people will be dissecting pepsico. which reports in the morning. i have confidence in them and i think they can tell a good story. their impact cost have come down especially corn and aluminum. we heard a great story from coca-cola and i think pepsi can tell a similar one. maybe even when it comes to snacking at home with frito- lay, provided transportation costs are under control. wednesday, we hear from delta airlines. i think the consumer is not finished traveling. maybe they have everything they need at home but, they are not done traveling. we just saved so much money and missed out on so much travel so now all the airplanes are filled. delta is saying things are not good and that would be a true revelation. and then the banks reporting. we are getting used to the stocks getting crushed after the report. but what if they are so far down this time that there is nowhere left to go but up. the banks tend to become more profitable every time the fed rages interest rates because they can invest at a higher rate than the will pay you. i think the mo
tomorrow, people will be dissecting pepsico. which reports in the morning. i have confidence in them and i think they can tell a good story. their impact cost have come down especially corn and aluminum. we heard a great story from coca-cola and i think pepsi can tell a similar one. maybe even when it comes to snacking at home with frito- lay, provided transportation costs are under control. wednesday, we hear from delta airlines. i think the consumer is not finished traveling. maybe they have...
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Jul 11, 2022
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>> one place i most concerned about is pepsico consumer staples and where you have incredible talent of higher commodity prices feeding into food prices and pricing power and their ability to price it onward. the valuations for pepsi relative to -- relative to their five year history which includes all the different trends of covid are about 26 times expensive. i think delta will report -- i think we have gotten a lot of insight into the airlines and i probably have been very wrong in the last six weeks of my view on airlines but i think we have a lot priced in and that is both demand and dysfunction of getting planes and pilots back in the air. i think the consumer discretionary areas -- people have no idea where they want to guide and you have to throw apple into that group and that is really where we want to get. we talked about -- stocks in the first five minutes of the show. technically -- really critical levels and they will be certainly a place to allocate capital and we have seen that but i'm not willing to put my bets on companies -- certainly apple despite the fact that i k
>> one place i most concerned about is pepsico consumer staples and where you have incredible talent of higher commodity prices feeding into food prices and pricing power and their ability to price it onward. the valuations for pepsi relative to -- relative to their five year history which includes all the different trends of covid are about 26 times expensive. i think delta will report -- i think we have gotten a lot of insight into the airlines and i probably have been very wrong in the...
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Jul 13, 2022
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things like beverages and pepsico, health care, johnson & johnson, utilities and american electric powermarket that have higher than expected dividends and 20% higher than the s&p 500. they're in more stable industries and so the idea that they're going to be less impacted by any slowdown and most importantly, their volatility profile is extremely low. so all of the big drawdowns we've had this year, these types of characteristics have held up significantly better than the market as a whole? >> how about the energy trade? we know the dividend payouts have had an equity capital market of things and the stock prices are on the rise and are those dividends still safe do you like them and do you want to put money in the energy dividend payers? >> we went into this year with almost no exposure within the stocks with the dividend portfolio and the reason for that is because of the poor earnings profile and that has changed dramatically and energy as a sector looks much more sustainable as it relates to those underlying components and the idea here is people think the only is the sector there's
things like beverages and pepsico, health care, johnson & johnson, utilities and american electric powermarket that have higher than expected dividends and 20% higher than the s&p 500. they're in more stable industries and so the idea that they're going to be less impacted by any slowdown and most importantly, their volatility profile is extremely low. so all of the big drawdowns we've had this year, these types of characteristics have held up significantly better than the market as a...
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Jul 13, 2022
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pepsico said that they just increased prices for their products 12% over the past three months. they say more price hikes could be coming for the rest of the year. neil? >> neil: thanks, lydia. to hillary vaughn on capitol hill on how republicans and democrats aren't seeing eye to eye on what to do right now. hillary? >> hi, neil. republicans say that this bad inflation number is because of democrats out of control government spending. they also think that democrats have not learned their lesson with senate majority leader chuck schumer trying to squeeze through a small part of president biden's build back better agenda before the mid-terms. >> inflation is uniquely bad here because our all-democratic government has made uniquely bad choices. now american families are dealing with the fall-out every day. president biden and his party fresh off of the spending american inflation and now want to tax hike us into recession. they're playing around with what may amount to the single largest tax increase in american history. >> the president and his economic advisers today making the
pepsico said that they just increased prices for their products 12% over the past three months. they say more price hikes could be coming for the rest of the year. neil? >> neil: thanks, lydia. to hillary vaughn on capitol hill on how republicans and democrats aren't seeing eye to eye on what to do right now. hillary? >> hi, neil. republicans say that this bad inflation number is because of democrats out of control government spending. they also think that democrats have not learned...
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Jul 13, 2022
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we did hear from pepsico when they reported earlier this week, 12% increases in price on average across its portfolio, without any dent in demand. people are paying for it. at some point, you say, no more doritos, they are to ask vince if. >> i said no more doritos, 41 years ago, when peak inflation hit when i was 35 years old. my doctor told me i had to cut them out. what it comes down to is this, all the things you said, they don't go down in a straight line. they moderate, clearly. they will not revert that quickly. maybe i'm wrong, i don't know, but the federal reserve is 3.5 years behind the curve on this one. they will have to be aggressive, regardless of whether or not commodities come down. it has not come down nearly enough. we talk about it cooling up quickly. this might be the low in the short term. we might see a rebound. they might be purchasing on the back of it. goldman sachs still thinks $140 is in the card. is that we did not mention the u.s. dollar. you see other close today. we know 50% of that is the euro. we know why the euro is weak. it hit parity for the first tim
we did hear from pepsico when they reported earlier this week, 12% increases in price on average across its portfolio, without any dent in demand. people are paying for it. at some point, you say, no more doritos, they are to ask vince if. >> i said no more doritos, 41 years ago, when peak inflation hit when i was 35 years old. my doctor told me i had to cut them out. what it comes down to is this, all the things you said, they don't go down in a straight line. they moderate, clearly....
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Jul 26, 2022
07/22
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NTV
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among his clients at pepsico are the brands village house j7 favorite fruity garden.ind rich my family and given to the brands active and prostokvashino at the end of march. russian. the plant suspended the production of 2-liter packages for wine and drinks due to a lack of components. and later , such a phenomenon as white packaging for juices and dairy products and the sa company appeared on the shelves of russian stores. i'm going, i directly explained this minimalist design of tetrapak boxes. serious problems arose with the supply of certain types of cardboard varnishes to russia, and kraz trades on the russian market shares. you these minutes are in the black on world exchanges. the main event today is that, of course, the two-day meeting of the us federal reserve begins. and although the russian market, in fact, is isolated from the outside world, the fed's decision may affect the price of oil, as long as it reflects how its price actually disappeared on the european market for the first time since march. above 2,000 dollars. of course, after yesterday's news fr
among his clients at pepsico are the brands village house j7 favorite fruity garden.ind rich my family and given to the brands active and prostokvashino at the end of march. russian. the plant suspended the production of 2-liter packages for wine and drinks due to a lack of components. and later , such a phenomenon as white packaging for juices and dairy products and the sa company appeared on the shelves of russian stores. i'm going, i directly explained this minimalist design of tetrapak...
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cheryl: i was looking at your picks, and i noticed you mentioned pepsico, chlorox, procter & gamble. colgate pall mall live but disney and nike. you say those are your long-term picks. that surprised me a little bit. >> that's outside of my recession, non-recession/pro-recession play because those stocks got so cheap and beaten down that i now see them as valuable. disney is trading at 17 times earnings, it was 30 times earnings not too long ago. these are long-term positions i'm building slowly, over time. so that's a separate book, a separate portfolio. those are names i believe in over the next month -- year, year to two to three years. cheryl: scott, i think most investors know because of the first half of the year and how negative it was, in particular i was look at q with 2 stock funds were down more than 16% just in the second quarter. so we've already seen our statements, we know what's going on. now the question mark, scott, is when do we kind of start to see a recovery? is q4 too bullish? >> no, i actually don't think it is. but, obviously, things are going to change once w
cheryl: i was looking at your picks, and i noticed you mentioned pepsico, chlorox, procter & gamble. colgate pall mall live but disney and nike. you say those are your long-term picks. that surprised me a little bit. >> that's outside of my recession, non-recession/pro-recession play because those stocks got so cheap and beaten down that i now see them as valuable. disney is trading at 17 times earnings, it was 30 times earnings not too long ago. these are long-term positions i'm...
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Jul 11, 2022
07/22
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pepsico kicks it off for the second quarter earnings season tomorrow followed by big names like deltacourse the banks, the big banks, jpmorgan chase, morgan stanley, they report on thursday, you get wells fargo, citi, and pnc financial after that. analysts predict a mixed picture from the financials, they expect profits to fall but trading revenue due to market volatility to partially offset that slump. the possible profit plunge stems from lenders adding to their reserves for expected loan losses. second quarter profits to dip as much as 42% that according to refinitive. let's go to the floor show and bring in carnivore trading dutch masters and great hill capital thomas hayes. tom, what are you watching most? >> well, i love the setup coming into the inflation print and into earnings, lauren. if you look at the university of michigan consumer sentiment at all times lows at 50. since 1980, three times its traded below 58 and all of those times its been the lows incent itment and the peak in inflation, which is interesting considering we're coming into the most important inflation num
pepsico kicks it off for the second quarter earnings season tomorrow followed by big names like deltacourse the banks, the big banks, jpmorgan chase, morgan stanley, they report on thursday, you get wells fargo, citi, and pnc financial after that. analysts predict a mixed picture from the financials, they expect profits to fall but trading revenue due to market volatility to partially offset that slump. the possible profit plunge stems from lenders adding to their reserves for expected loan...
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Jul 12, 2022
07/22
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squeezed on all sides from cost of goods to wages, so it will be really interesting to hear from pepsicother thing investors are looking at this morning is the euro, hovering around the one mark versus the dollar, a one for one exchange rate and any american looking to travel abroad to europe, your holiday could be getting a lot cheaper. >> well, speaking of travel, anyone who has tried to do so, at least by catching a flight recently, knows it is a challenge across the country and one of the problem spots is heathrow airport where you are in london and obviously an important hub throughout europe and heathrow asked airlines to remove at least 60 flights from yesterday's schedule which obviously has a dramatic ripple effect up and down the globe. saying trying to cope with soaring demand and staff shortages. is this going to be a long-term problem? >> it has been absolutely a night marrish summer so far and essentially what we heard from heathrow is the pain is not necessarily over. and heathrow airport came out apologizing to passengers for all of the travel chaos that has ensued so far
squeezed on all sides from cost of goods to wages, so it will be really interesting to hear from pepsicother thing investors are looking at this morning is the euro, hovering around the one mark versus the dollar, a one for one exchange rate and any american looking to travel abroad to europe, your holiday could be getting a lot cheaper. >> well, speaking of travel, anyone who has tried to do so, at least by catching a flight recently, knows it is a challenge across the country and one of...
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Jul 19, 2022
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i did contact all the manufacturers for these products and they didn't get back to me except for pepsicoof gatorade. they said the 28 ounce bottle you see here is not new, the 32-ounce bottle is being phased out and the reason for the new shape is you can hold it better, but they say that it is not because there is the new -- the new shape is not because of any economic conditions going on. john and kaitlan. >> slimming container there on the gatorade. all right, you think it is happening, it really is. appreciate it. >> your mind is not playing tri tricks on you. >> maybe, but not in this case. >>> this morning, pressure at the pump is easing for millions of americans as gas prices have now fallen for the 35th straight day. the nationwide average now sits at $4.50 per gallon. that is going to make my dad very happy. this after the cost of a gallon was close to $5 last month. cnn's pete muntean is live in alexandria, virginia, where he always is, except when he's at the airport. pete, are you seeing some happy customers showing up this morning? >> 17 states, kaitlan, have seen their gas
i did contact all the manufacturers for these products and they didn't get back to me except for pepsicoof gatorade. they said the 28 ounce bottle you see here is not new, the 32-ounce bottle is being phased out and the reason for the new shape is you can hold it better, but they say that it is not because there is the new -- the new shape is not because of any economic conditions going on. john and kaitlan. >> slimming container there on the gatorade. all right, you think it is...
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Jul 12, 2022
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to me pepsico is going to continue this trend with company set up and able to pass on the inflationaryrs that you get rewarded in this market. stuart: the man on the streets getting less chips in the capitalist and the stocks going up. >> if i may we get government trying to get involved in telling a company like pepsico or apple that they get to tell them what to do better. pepsi is going to figure this out regardless of what inflation is doing or whatever the input cost are and apple is going to figure it out this is another case of a very well-run company putting up a solid quarter and how they're going to deal with the pressures and they don't need the body to administration. stuart: thank you mike. next up is gap, the ceo is not the stock is down 70% wells fargo says don't buy that stock. >> speaking of inventory, gas has a new interim ceo effective today the second high-level gas executive departure in the last three months, all navy seals left in april and are guiding a badly needed turnaround for sales to drop in the high single digits they lost more than $150 million in spring
to me pepsico is going to continue this trend with company set up and able to pass on the inflationaryrs that you get rewarded in this market. stuart: the man on the streets getting less chips in the capitalist and the stocks going up. >> if i may we get government trying to get involved in telling a company like pepsico or apple that they get to tell them what to do better. pepsi is going to figure this out regardless of what inflation is doing or whatever the input cost are and apple is...
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Jul 12, 2022
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. >>> global food and beverage giant, pepsico, out with quarterly results. $1.86 a share was better thantreet had expected 13% organic revenue growth in core operating margin expanded by 36 basis points joining us for more and a first on cnbc interview, hugh johnston, also a member of the c cnbc cfo council glad to have you on. is this not surprising is it market share is it higher prices? how did that happen? wasn't the street looking for 7% you did 13 >> yeah, good morning, joe not surprising to us, certainly. we obviously have done a lot of work in order to get to these teams of growth numbers. from a market share perspective we're doing well we certainly feel very, very good about that. in addition to that, we're growing volume it's not a matter of sacrificing volume and taking too much pricing in the market place. obviously, we're facing inflation like everyone else, and we think that's going to perspe z cyst for a while, our focus is how do we drive cost out of the business so we can translate what's a good top line ninto a good bottom line as well obviously that worked well this q
. >>> global food and beverage giant, pepsico, out with quarterly results. $1.86 a share was better thantreet had expected 13% organic revenue growth in core operating margin expanded by 36 basis points joining us for more and a first on cnbc interview, hugh johnston, also a member of the c cnbc cfo council glad to have you on. is this not surprising is it market share is it higher prices? how did that happen? wasn't the street looking for 7% you did 13 >> yeah, good morning, joe...
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Jul 14, 2022
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i liked the pepsico quarter but everyone says hershey has become the gold standard. >> everyone knows yeah. in the food business >> it's interesting, we talked about pepsi earlier in the week. they took a lot of price the bottom was flat. conagra took 13 points for price. good call. >> i think there is -- they did not say to me that there's trade-down, but i think you're seeing the beginning of trade-down that's why i'm not there they did not say that. but i think -- [ bell ] >> the opening bell here cnbc realtime exchange harlow capital advisers at the big board. and at the nasdaq, softbank group says the opportunity for two years, as some said this morning, i think jpmorgan, that this morning's action is what we might have expected yesterday. >> i think that's right. we ended up with the nasdaq going down .15 yesterday there's a stock david is very close to and it has been down -- it may have been the peak. exxon at 81. where was it when oil was -- >> it was 100 bucks, wasn't it you're right we may have hit the high >> i think it was the high. >> or at least the recent high by the w
i liked the pepsico quarter but everyone says hershey has become the gold standard. >> everyone knows yeah. in the food business >> it's interesting, we talked about pepsi earlier in the week. they took a lot of price the bottom was flat. conagra took 13 points for price. good call. >> i think there is -- they did not say to me that there's trade-down, but i think you're seeing the beginning of trade-down that's why i'm not there they did not say that. but i think -- [ bell ]...
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Jul 13, 2022
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joining retail clubs like costco, they can find better bulk deals, and prices come down anytime soon, pepsicoancial times they might increase prices more through the rest of the year, including beverages, doritos, gatorade, not a good time for the grocery store prices that are already high. neil: let's gay -- raising cain's delicious off the chart chicken and all, people love the stuff he makes but even they might have price pressure points. what are customers saying in response? >> lydia mentioned grocery store inflation, 8% for the industry, 7.5% of the surface we are in, the gas pump, grocery shopping, rent, everything going up. seeing the same thing. we had retail prices this year, we did that and don't like doing that. we made them every two to three years, the cost of pressure that is expected and things get worse, margins that we operate in get impacted. neil: you might be surprised how well i know your menu that people can pick and choose, you can get a box combo, a sandwich combo. the pending on your hunger level or the thickness of your wallet there are ways to pivot from one price
joining retail clubs like costco, they can find better bulk deals, and prices come down anytime soon, pepsicoancial times they might increase prices more through the rest of the year, including beverages, doritos, gatorade, not a good time for the grocery store prices that are already high. neil: let's gay -- raising cain's delicious off the chart chicken and all, people love the stuff he makes but even they might have price pressure points. what are customers saying in response? >> lydia...
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Jul 13, 2022
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one other example, pepsico increased the prices on all products including gatorade and doritos by 12% over three months, and saying more price increases could be in store for the rest of the year for their product, to give you idea it does not seem like food at the grocery store will get any more affordable any time soon. sandra. >> sandra: still tough out there. thank you, lydia hu in new york city. >> john: doritos are going up, all over. president biden in israel kicking off his first trip as commander in chief to the middle east, and saudi arabia to mend fences with that nation. and joni ernst, great to see you, and the service members of the year at the reagan building, what an event. and weigh in on inflation. true what the president said, gas prices have started to tick down a little bit. inflation is 9.1%, core inflation, does not include energy and food prices, only came down .1 of a percent, from 6 to 5.9. so inflation is still very much with us. >> it is, and john, i do continue to hear stories from iowans and most recently have heard stories about those that are actually t
one other example, pepsico increased the prices on all products including gatorade and doritos by 12% over three months, and saying more price increases could be in store for the rest of the year for their product, to give you idea it does not seem like food at the grocery store will get any more affordable any time soon. sandra. >> sandra: still tough out there. thank you, lydia hu in new york city. >> john: doritos are going up, all over. president biden in israel kicking off his...
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we heard from pepsico. they make pepsi, frito-lays. they reported their results.hey were able to put on a 12% increase across the product portfolio on average and consumers are willing to pay it. >> bottom line, they're raising prices and people are paying the higher prices. that's the irony of this. they say in your business, higher prices cure higher prices. >> right. >> is it about when consumers say i'm not going to buy that anymore or i can't buy that anymore. is that when prices come down. >> yes. and that's what we're looking for the in the housing market, if the fed raises rates, consumers are priced out, they don't buy the house. they're hoping that works to bring that demand down. >> at the same time not wanting to put sludge in the economy and cause a recession. >> cause the wheels to stop entirely. >> a delicate business, melissa thank you. >>> let's move to the december separate search and rescue mission under way in southwest virginia. heavy rain caused devastating flash flooding. dozens still unaccounted for and more than 100 homes are damaged. kath
we heard from pepsico. they make pepsi, frito-lays. they reported their results.hey were able to put on a 12% increase across the product portfolio on average and consumers are willing to pay it. >> bottom line, they're raising prices and people are paying the higher prices. that's the irony of this. they say in your business, higher prices cure higher prices. >> right. >> is it about when consumers say i'm not going to buy that anymore or i can't buy that anymore. is that...
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Jul 12, 2022
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pepsico started off numbers this morning they did better than expected in springtime but risk of currency and strong dollar. the strong dollar, the highest since 2002 and inflation and input costs. neil: that strong dollar, good thing people look at us as a haven. as susan pointed out ray, the fact of the matter is that hurts international companies. whatever they're earning abroad translates into fewer dollars. that could have a big impact. are you worried about it? >> i'm worried a little bit, euro-dollar parity a little bit this morning we'll see more and more of, people look at europe to say, this is more after risk. it is creating options in terms of propping up the dollar a stronger dollar actually give us an advantage in the world markets. we'll see what happens between both of that but what i'm worried about is the inflation on the housing side. those numbers are coming in soon what that is going to do, that is 2/5 of the core inflation number, that what we see on numbers wednesday in terms of tomorrow on the labor department's number in terms of overall inflation. that is where t
pepsico started off numbers this morning they did better than expected in springtime but risk of currency and strong dollar. the strong dollar, the highest since 2002 and inflation and input costs. neil: that strong dollar, good thing people look at us as a haven. as susan pointed out ray, the fact of the matter is that hurts international companies. whatever they're earning abroad translates into fewer dollars. that could have a big impact. are you worried about it? >> i'm worried a...
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Jul 9, 2022
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companies like pepsico, you shocked the super two years in and say, well you know at boyd, we are goingon. what direction? when all your farmers away, we need contracts, we need infrastructure, and we need access to credit. and mister president, we need it now. >> you, indeed do. and you deserve it now. you have earned. it i hope our viewers will look into the story of elaine arkansas, what happened there with farmers, and in 1933 the new deal had an old problem which was racism which is placed tons of black farmers in this country. so this is rooted in history, mr. boyd, and thank you for sharing your testimony. and i certainly hope someone from the menstruation is watching will reach out to you, and tanya davey thank you for being here as. well we will have to come back, i want to keep my eye on the story. thank you, and happening right here in washington d.c., women's march is holding a rally today hoping to get pressure on the biden administration to protect abortion rights. it will include the white house, including march to the white house as well as hidden. so, you are looking at
companies like pepsico, you shocked the super two years in and say, well you know at boyd, we are goingon. what direction? when all your farmers away, we need contracts, we need infrastructure, and we need access to credit. and mister president, we need it now. >> you, indeed do. and you deserve it now. you have earned. it i hope our viewers will look into the story of elaine arkansas, what happened there with farmers, and in 1933 the new deal had an old problem which was racism which is...
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Jul 12, 2022
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look, we've already seen pepsico report earnings, the revenue was better than expected.i wonder how much of a factor the strength of the dollar has been. i know you like tech. you're talking about a tech comeback and that high growth tech will be great for the long term. but are you seeing that from your own etfs and how money is being moved? >> well, money's moving in the last few weeks, we're seeing money move into some of these high growth, very popular etfs with the focus on entrepreneurial disruptive, innovative companies and so there's some significant flows going in that regard and that suggests that the markets may be perceiving particularly among the retail audience, not the advisors but the retail audience is moving money into the high growth categories and we're seeing last month especially among the small caps and the healthcare companies, the small cap healthcare companies which have been primarily losers in terms of earnings. they're losing a lot of money. they had significant recovery in the last month, some were up 30, 40, 50, 60% or more in many cases an
look, we've already seen pepsico report earnings, the revenue was better than expected.i wonder how much of a factor the strength of the dollar has been. i know you like tech. you're talking about a tech comeback and that high growth tech will be great for the long term. but are you seeing that from your own etfs and how money is being moved? >> well, money's moving in the last few weeks, we're seeing money move into some of these high growth, very popular etfs with the focus on...