they're adjusting and he sees a great opportunity for pepsico.esting whether sales can hold up. >> especially since the company said they have given -- they're taking as much price as they're going to conagra, the number of snacking occasions continues to explode year over year mccormack saying they're finally getting pushback on frank's red-hot. >> i'll pay anything for frank's red-hot. i think that was a little overblown. a lot of those stocks are working. if you look at where americans are spending, what walmart told us, prioritizing groceries even with the higher prices i think the question is how much elasticity, how much consumers can tolerate, there really is going forward. >> in fact, one of the few 52-week highs will be hershey. we're in the market where hsy, you know what the mood is when it's the only one setting new highs. as we close out the hour today, today's buzz all about mckinsey and the cutting at the company, 2,000 layoffs. techcoms on the chopping block normally consult other firms on what to do >> follow by example, i guess,

edition of trade it or fade it setting the table for next week's earnings reports including disney, pepsico, lyft, lots more. later on, our chart of the week. one of the most crowded trades on the street. but is it now starting to run out of gas hint hint. i went there i'm dominic chu in for melissa lee. on the trading desk, tim seymour, courtney garcia, bonnawyn, jeff mills we start with a fade on wall street losing momentum after a much hotter than expected jobs report nasdaq falling a percent and a half five week winning streak, longest since november 2021 right before it hit its all-time high the s&p closed a week higher while the dow, down over 120 points was flat since monday so, how do you make sense of the reaction to today's jobs numbers? this is the question, because i was on the exchange earlier today. >> exciting. >> we had a seven-person panel across two different segments try tofy wh identify what was te reasoning for the market reaction, and nobody could find a definitive way to subscribe it tim in. >> welcome in, dom depping how you excerpt it, mine is glass half full good n

is this pepsico or consumer staples? >> when you talk about pepsi, there's a huge rotation from consumer staples to names like uber into consumer discretionary. here's a name that sort of, you know, struggled around and moved around a little bit of a range to start the year. it obviously hung in there terrific last year, and then inflationary environment, pepsi is good. maybe if we're coming out of here and the fed done raising rates people are taking shots on growth names and what not, so pepsi seems to be the laggar here, and some of the activity we're seeing in the options market is indicating that. >> mike khouw, what do you think about pepsico? >> 24 times, not a real grower, currency head winds are starting to abate more recently as we've seen the dixie fall a little bit. it's not cheap certainly it's not cheap compared to the market and some other names. we're in a more risk on world, you're not going to pay 24 times for this when you can get a better grower at 19 times. we did see a lot of puts going up to june p

pepsico profit estimates beat expectations. cells growing 6%.ats wall street's expectations. an interview with pepsico ceo -- cfo hugh johnston later today. financial services firm ey plans to hire fewer people this year than it had planned. ey has almost 400,000 employees worldwide. that is your latest business flash. guy: it is 7:22 on the west coast. the sun every day getting higher and higher. it is at bridge level at this point. over the next few weeks, track and follow this. i get diverted. we are covering top tech stories in the bay area and beyond. silicon valley starting this day. bloomberg technology coanchor, ed ludlow. effectively they are getting what they want. iger signaling the board. ed: they have issued this statement saying the proxy fight is over. this happened quickly. last night tree and issued a statement saying they were pleased disney was listening after the call. beyond the big picture cost reductions disney has outlined, 500 -- 5 billion-dollar target, they talks on the call later, if yes is beat significantly. i was t

. >> one name that has not had such a great start to the year is pepsico shares down 6% what's your take pepsi or consumer staples in general? >> both. there's been such a huge rotation from consumer staples to names like uber in consumer discretionary. here's a name that moved around to start the year. hung in there terrific last year in an inflationary environment, pepsi's good if we're get out of hoo and the fed is done raising rates, people are taking shots. pepsi seems to be the lagger here, and some of the activity we're seeing in the options market is indicating that. >> mike khouw, what do you think about pepsico? >> 20 times. not a real performer head winds starting to abate, as we've seen the dixie fall. but it's not cheap, certainly compared to the market and some other names. we're in a more risk on world you're not going to pay 24 times for this when you can get a better grower at 19 times and we dod see a lot of put tout june this week. >> all right, larger groups. transportation stocks climbing nearly 14% this year carter worth, do those transports continue higher >> well,

pepsico was helped by its ability to raise product prices.er hugh johnson joined "squawk box" this past hour and spoke a little about what they're seeing in terms of the evolving consumer behaviors given some of the economic uncertainty >> the one thing we see a little bit of is, for some consumers, they're moving down in the retail chance. so they may have previous shopped at a premium store and maybe now they're going to a mainstream store maybe from a mainstream store to a dollar or discount store you see a little bit of that behavior going on. >> pepsico boosted its quarterly dividend payment by 10% and will look to buy back a billion dollars of stock by the end of the year shares up 2%. >>> get a check on hilton hotels it is out with quarterly results that were better on the top than bottom lines shares up two2.75%. hilton seeing some of that travel and leisure momentum still out there. and let's cap things off with a consumer trifecta and a look at shares of mattel which are going in the opposite direction. down 11% right now profits an

a wrap up of some of the biggest stocks, i want to start with pepsico. that was my favorite indicator, the snack to drink ratio. >> you are seeing the stock boosting higher today, especially because sales came in better than projected, especially given the dynamic you were talking about when it comes to the inflation picture. it had to raise prices, but still, customers were snatching up snacks and beverages. when it came to volume, that was a weak spot, which did show how consumers in some corners of their markets were pulling back a bit. they were able to mitigate that, but analysts at bloomberg intelligence question whether or not and how long pepsi can sustain that. organic sales growth is still staying pretty strong for the last quarter. kriti: something that stood out to me, they had a deal with the commodity pressures of 2022, higher food prices. people do not seem to care, they will still pay three dollars for gatorade. i told my parents that the other day. three dollars for gatorade, we can get in bulk. that is not the other -- only earnings sto

in focus today, data on jobless claims and earnings from paypal and pepsico and lyft.disney also announcing a major restructuring plan that includes cutting 7,000 jobs and more than $5 billion in costs. disney will reorganize into three decisions, entertainment and media operations, espn and a third unit for the park experiences and products. ai is hitting the data scene. 1 in 3 men plan to use chat pt to write valentine letters. this could be a risky move because half of the people in the survey say they would be offended if they found out the note was produced by a machine. nearly one-third say they plan to or already use ai to boost their profile on dating apps. whatever happened to violence are red -- >> that's what happened to us, pippa. >> plus, you would get this charming note and you get to meet the guy -- >> or the woman might be the one using it, just saying. >> not this woman. >> no, you are very creative. >>> we are five days away, speaking of valentine's day. if you are looking for gifts we have you covered. ahead on "today in the bay," ahead on "today in

pepsico has recalled more than 300,000 bottle >>> a possible blast found in the befb ratch chill drinks sold at starbucks they can be found at retailers like walmart and target the recall rams bottles expiration dates of march 8, may 29, june 4 and june 10. >>> facebook and instagram taking a page our twitter the playbook meta is rolling out a new paid verification service for its user subscription for meta verifies it will cost $11.99 a month and user have to submit a government i.d. to get the blue verification badge fighting against account impersonation. according to ceo mark zuckerberg it's about increasing awe then sifty and security. >>> after the break, we remember one of "law & order's" finest. richard belzer. >>> and coming up, pop goes the sculpture. a work of art worth tens of thousands it of dollars turns into tense of thousands of pieces. nervive contains alpha lipoic acid to relieve occasional nerve aches, weakness and discomfort. try nervivenerve relief. how did kellogg's combine crunchy oat clusters with a touch of honey... plump, juicy raisins and tasty fiber into one

pepsico, both moving higher although pepsi had been as high as $1 is 79, and now it's at 172. still a gain of three-quarters of a percent. pepsico said it counsel beat in the fourth quarter, and it won't need to raise prices on its snacks and sodas anymore this cycle, right in two years ago shares languished at $129, right now 172.35. preponderance -- pepsi also hiked its dividend. tapestry raised its guidance as younger shoppers scooped up shoes and bags. that's giving not just the high-end retailers including ralph lauren and -- actually, ralph, see, everybody's losing their gains here. so this is a realtime moment where we're seeing the whole market kind of get swamped by the red tide. ralph lauren was higher, now it's slightly lower. tap industry sill up 4%. still up 4 %. you also have some discount retailers. i'm too scared to look. oh, they're all still higher. [laughter] five below up a quarter of a percent, burlington stores up half a percent. the discounters are getting that push, but not all is well in the state of denmark or toyland, as it were. mattel is a very mes

pepsico's doing better, general mills, work was upgraded today i like that.e have to see the bank stocks stabilize, because they have been the sub rows of winners as people realize we're not going to have the false increase i have jamie dimon tomorrow. >> you do? >> yeah. spending a lot of time in philadelphia we're going to philly. >> okay. that's good. i'm looking forward to that. >> that was called promotion >> yeah. but, when it comes to the banks, capital markets activity is quite muted right now. m&a, as we know, is fairly muted. by the way, bigger for some than others sales and trading, okay. and their customers are now demanding that they actually get paid something for, you know, or see you later. >> credit balance. >> yeah. i don't know it's not the greatest environment. >> that used to be business as usual. >> yeah. >> that's kind of what you had david, i'm indicating that -- and i wrote this one on my checklist -- we need to see stocks in retail that are doing well and not all doing badly i thought the dichotomy between walmart and home depot was

coffee drinks are being recalled after reports of glass being found some bottles, pepsico, which produces the vanilla frappuccino drinks voluntarily recalled them. it's unclear if there been any injuries related to that recall. the company says the drinks were not sold. a starbucks stores and have been removed from shelves across the country. we'll be right back after the break. >> welcome back. it is 4.54 on this monday morning, presidents day. so some of you may just be up early because you've got a really busy day of a fun plans for your day off. others of us still working and whatever the case, it's a gorgeous day for all of it. skies are clear across the bay area. your view in downtown san francisco looking unimpeded by any fog in the cloud cover for that matter. now, we may be off to a chilly start this morning with a lot of us down in the 30's to 40's. but look at where we're heading later on today. another gorgeous one just around the corner. san francisco up to 64 today. oakland, 66 in san jose. if you're not i feel bad for you. get out there as much as you can because you'll be

pepsi pepsico, kellogg, ralph ln out before the opening bell this morning.edia and lyft out after the close tonight. jobless claims out today, stocks saw a mixed finish yesterday, s&p and nasdaq were lower, the dow industrials gave up 207 points, the nasdaq sharply lower by one and two thirds percent loss of 203. big tech and growth leading the losses on wall street yesterday. europe peep markets meanwhile look like this, we are looking at a gain as well. the ft 100 up 58, cac up 101, dax index higher by 236, one and-a-half percent higher. in asia markets finished mix, the hong kong the best performer, hang seng up one and two thirds up, shanghai composite up 1.1%. back in washington, lawmakers are set to receive classified briefings today on the chinese spy flight. more than a week after it entered u.s. air space for a week. the washington examiner's byron york and tennessee senator mamarsha blackburn here in the 7:00 a.m. hour to talk about that "mornings with maria" is live right now. ♪ i'll do anything for love. ♪ anything you've been dreaming of. ♪ but

he previously worked for nestle, pepsico, and citigroup and now serves as vice chairman at the wall streetinvestment firm general atlantic. the anti-corruption group the revolving door project condemned the selection, writing -- "president joe biden and secretary yellen have literally named the vice chairman of a rapacious international private equity firm to take his first job ever in public service at nearly the highest level in the world possible. nothing in banga's resume inspires confidence that he will turn the world bank away from a path of neocolonialism and predation by global north corporations upon global south countries." a judge in texas is expected to issue a ruling as soon as today that could block access to the common abortion medication mifepristone nationwide. plaintiffs in the case are challenging the food and drug administration's approval of the pill over two decades ago. the move would impact even states like new york and california, where abortion is still legal following the overturning of roe v. wade. the drug is used in more than half of the abortions provided by

. >> starbucks listen up, distributor pepsico is recalling more than 300,000 bottles of the coffee chain's the drinks in your fridge have the product code shown on-screen and come with any of these expiration dates, you're urged to call starbucks customer relations. thank you so much for joining me this evening. it has been my pleasure. i'm sarah snider in for jim acosta. stay with us now for cnn's film "dreamland, the burning of black wall street."

so you will want to watch that for sure on pepsico. >> danielle, a place of calm during these turbulent i do like the stock, especially after the moves that we saw over the course of january. we're going to see a rotation into these names, and pepsi is a great opportunity right here primarily because we have seen pepsi fall over the course of the past few months. that is going to provide a really nice buying opportunity i have a key area of support on the weeky charts between $160 and $170 a share i like for a buying point if we can hold this price point, continue to have positive earnings, just like they announced last quarter, we can see the shares trade higher, back up to new all-time highs. >> how do you feel about the overall market when you mention this trade >> well, when you look at the market here, we saw the typical january rally. something that i like to trade every year, this year it was incredibly strong. typically, after that, we usually see a pullback, especially in tech stocks. and we usually see a rotation into consumer staples names. i think the charts are setting up p

economist is warning inflation has a 75% chance of rebounding or remaining high all while big brands like pepsicoheir prices. joining us now to discuss is cohost of "the big money show" and our friend on fox business, brian brenberg. great to have you this morning. great to see you. we're quick to use the wall, but we're not going off the wall because that's will cain -- >> i don't want to steal anything from will cain's branding, i wouldn't want to do that. pete: great job on "the big money show," by the way. >> thank you. pete: this white house is trying to downplay inflation. this is where it was when they started. talk to us about where it's going. >> okay. so the president likes to say say i inherited a mess. here is what the president inherented, 1.4% inflation. there is nobody in america who says 1.4% inflation is a mess. that's what we would like to get back to concern the. pete: correct. >> what he's given us is this terrible mountain that's come down to the 6.5%, but that's not solving the problem as you know at home. 6.5% inflation is not a solution, it's a continuation -- pete: got it

i look at pepsico and say they're renegotiating some contracts, but it's really going their way.ood quarter. >> so david, are we getting you back tomorrow? little red eye action? what's going to happen >> no way, man only -- i don't know how. >> i just -- come on >> travel day. >> no. i'm going to be -- obviously, we're going to share a lot of the interview that took place on our air throughout the rest of our day. so many interesting things in there. you know, including i think new comments around hulu that's not unimportant. >> yes, that's us. >> we'll share a lot of that today. you'll be seeing me. and carl, i will be back here tomorrow morning from our l.a. bureau, on with you guys for our show, but not together until monday. >> david, i wanted to ask you, one of the things that bob iger dismissed entirely was the balance sheet being maybe not as perfect. is something happening, i don't know, maybe they get the costs out the balance sheet is dramatically improved? >> you know. that's a good point. obviously, you wish you had followed up. i wanted to and i didn't because i agr

in a statement to "usa today," pepsico says they're not sold at starbucks locations and are being removedm retail stores. anyone who has concerns can access the company's consumer relations department. >>> trending this morning, despite getting some not so great reviews, marvel's ant-man film took over the box office this weekend. >> i don't care who this guy is. i just lost so much. >> daddy! >> a second chance. >> ant-man and the wasp, brought in an estimated $4 million this weekend. it marks the 31st consecutive marvel release to come out at number one. avatar and the re-release of titanic, disney has cleared $1 billion globally just six weeks into the new year. >> wow. >> my husband is a big comic book movie fan. he weekend over the weekend to see it. i said, how was the movie? he was, like, it was good. but his mind wasn't blown. he was just, like, it was good. >> okay. >> $104 million good. >> if i produced a film like that. >>> let's get you started with a look at our forecast for today and we'll get a look at how the roads are moving as well. look at our high temperatures. it is g

coffee drinks are now being recalled after reports of glass being found inside some of the bottles, pepsicoich produces the vanilla frappuccino drinks voluntarily recalled them. it's unclear if there have been any injuries related to that recall. so anybody drinkin justin glass, the company says the drinks were not sold at starbucks stores and they've been removed from shelves across the country. >> well, amazon will soon require office workers to come back to the office in person, at least 3 days a week. the policy goes into effect may first, the move marks an end to the companies widespread remote or hybrid friendly policies that had been in place during the pandemic ceo andy jassy says that in-person work would lead to better collaboration and company culture. the move comes a month after amazon announced plans to lay off more than 18,000 workers. 7.41. o'clock. 18,000 workers. 7.41. o'clock. we'll be right back. meet a future mom, 18,000 workers. 7.41. o'clock. we'll be right back. a first-time mom and a seasoned pro. this mom's one step closer to their new mini-van! yeah, you'll get us

on the consumer staple side, pepsico was stronger than expected results and a new share buyback, or at least an announcement of the expectations for the coming year kellogg with results better than expected hilton, ralph lauren, mattel, down 10%, because people spent leg less on toys during the holidays and speaking of the consumer, if you're in buy now, pay later, this has been a rough day for stocks like affirm holdings, which lost about a fifth of its value. this was a $176 stock in 2021 at the highs. it's now $12 and change. affirm coming out with a disappointing earnings result coming out yesterday and taking a look at the overall scheme for these rising interest rates, maybe plays a part in that consumer trade and maybe has a factor in these buy now, pay later stocks back over to you >> thank you very much the bond market slashing a major warning. jobless claims are near all-time lows which data points matter more? welcome. good to see you again. we're thrilled to have you here. from my point of view, the bond market is always leading, the job market is always lagging but you hav

new for you, for anyone who buys the bottled version of starbucks frappuccino drinks, the bottler pepsico is recalling more than 25,000 cases of the vanilla drinks. so this is all due to possible glass fragment. the cases include expiration dates of march 8th, may 29th, june 4th and june 10th. it goes without saying to avoid drinking those products. but in the statement to "usa today," pepsi dl co says the products are not sold at starbucks locations and are being removed from retail stores. anyone with concerns with access the company's consumer relations department to get some resolution there. >>> trending this morning -- so maybe it's not quite the fairytale ending we all thought for ralphie, the demon dog. >> so much for his forever home. ralphie is now back at the animal shelter that he can't seem to get out of. the niagara scpa says he proved too much for his new owner to handle. the shelter billed him as a jerk of a bulldog and a terror in a somewhat small package. he looks so cute. supposedly he lives up in the billing. the shelter jokingly calls him the good-looking bad boy ever

and this week, the fda announcing that distributor pepsico is recalling more than 300,000 starbucks vanillam. the fda says this is a class-2 recall which means exposure to the product could cause adverse health consequences if ingests. now, all 13.7 ounce vanilla frappuccino bottles are being removed from the marketplace. the fda says the recall began on january 28th and is ongoing. the next hour of cnn newsroom starts right now. >>> hello. thanks for joining me. i'm paula reed in for fredricka whitfield. we begin with president biden preparing for a high-stakes overseas trip. he'll travel to poland to mark the grim one-year anniversary of russia's invasion of ukraine. biden will head to the region to shore up support for ukraine among western allies and send a message to the kremlin that the u.s. and its nato allies will support ukraine as long as i

and what we call pricing power in this environment and pretty much what pepsico also reported, guidanceoke zero sugar are selling well for coca-cola. also travel boom continues, marriott reporting this morning, they said the travel command remains strong. leisure is past pre-covid levels. business travel still recovering, 90% of the way will there nor business travel. that's impressive. and then burger king owner, restaurant brands also reporting a strong quarter to end last year. high inflation and a slowing economy, that means consumers are now trading down and eating out cheaper. at the same time, we've heard really across the entire fast food space whether it's taco bell owner yum and mcdonald's, restaurant brands says a new ceo is coming in on march 1st, and they're elevating the coo to be the new leader of the company. ashley: all right. i want to look at palantir. surging, apparently, after their earnings report. look at that, up 9, 10%. they actually turned a profit. susan: service the up 20% -- it was up 20% in the afterhours yesterday, the initial reaction to its surprise prof

starbucks coffee drinker being recalled after reports of glass being found in some of the bottles, pepsicohe vanilla frappuccino drinks voluntarily recalled him. it's unclear if there have been any injuries related to that recall. the company says the drinks were not sold in starbucks stores and they have been removed from shelves across the country. >> well, amazon will soon require office workers to show up in person at least 3 days a week. the policy goes into effect may 1st, the move marks in and now to the company's remote or hybrid friendly policy that had been in place, ceo and e j c says that in-person work would lead to better collaboration and company culture. the move comes about a month or so after amazon announced plans to lay off more than 18,000 workers. time is 5.41. we'll workers. time is 5.41. we'll be right back. when your v-neck looks more like a u-neck, that's when you know, it's half-washed. downy has 7 benefits that condition and smooth fibers so clothes look newer, longer. feel the difference with downy. >> well, hundreds headed to seacliff state beach in aptos over

when you're on the quarter for kellogg or pepsico, what they did was they raised price, and thereforel flavors and fragrances is a volume play. they need more volume. so, the part of cpg that was sacrificed, volume for price, was the part that crushed iff, and that's really what happened with i ifff, and there's not muh more to it they were the one that got crushed when the volumes went down so, david -- >> is that a lesson you think that, for example, pepsi's now figuring out we talked about -- >> yes pepsi had a great quarter, but the strategy was -- chipotle did the same thing let's just raise price there will be a certain cohort that we price out, but we'll do better if you raise price and do less volume, therefore you have less business with iff that provides a lot of the taste of the product that you have. they're casually the cpg companies deciding not to go for volume they're not chasing volume, david. they're just saying, listen, we're going to make as much as we can we're going to raise price it's a better way to make money. and we're not going to pay iff as much, because we

they can't raise prices, pepsico, same thing. can they raise prices? yes. it has been effortless.function out of the pandemic of home depot from 200 to 400. right now, 305, 306. 268 the home depot level of the october angst we had. jonathan: pricing power. when it comes down what is it going to look like? lisa: walmart may be a cleaner read. home depot is closer directed to the housing market. that said, if you take a step back this is an example of how mike wilson could be right even if we don't get a recession. if you start to see real margin pressure, if easter to see a lot of these companies have to pay to keep up employees not able to raise prices on the consumer. all of a sudden you see margin pressure that really creates some weakness for stock. jonathan: doesn't think these companies will be able to cut cost and. tom: that's the show came here and also point out the tech valuation home depot give you 18 times earnings. it's not like a 25 stock but nevertheless it's been a heckuva run but now runs into that margin angst as well. 16% it's pretty good. precast flick, pre-pand

global inflation have things eased in terms of -- certain things are down now, natural gas, we had pepsico terms of the inflation that they're seeing in their input costs. where does it stand now? >> i -- is the fundamental picture, it is more bullish today than it was at any point since that this covid rebound. is it going to impact headline inflation? unlikely why? you need to think about oil in 2q of last year, $130 a barrel you got a long ways to go before you start to have a significant impact on inflationary pressures the way the macro community thinks about it. but that doesn't negate the fact that when you look at the underlying fundamentals, they're incredibly tight this is the way i like to think about it, what was the biggest shock last year. it wasn't russia it was china shutting down for covid reasons. you can think about, you know, the demand collapsing in china creating spare capacity for the entire world to continue to consume commodities. now, china is going to come back over the course of the next three to six months and as they come back, they're going to eat up any of t

. >> it reminds me of pepsico with frito-lay.ter brands over here and the fun brands over here they're making all the money. >> actually i think the better-for-you brands the margins are so high. >> the prices are up there. >> again, at least bp, if they can, they can choose tact. >> we will see >>> coming up we're going to talk about the ceo who had to apology for her layoff email that's coming up next. you don't want to miss this. >>> and later, don't miss transportation secretary pete buttigieg. he's going to join us live at 8:30 "squawk box" coming right back ry satisfied with their bed? maybe it's because you can gently raise your partner's head to help relieve snoring. so, you can both stay comfortable all night. and now, save 50% on the sleep number 360 limited edition smart bed. ends monday. >>> welcome back paypal announcing plans to lay off 2,000 of its workers the shares right now about -- down about -- i thought the news came out yesterday on the session. i don't remember what shares were then. they were up about 2%.

the halftime report was owned by pepsico for two decades. >> jonathan lemire, your favorite ad had to the drive-through at dunkin donuts. there were some great ads, but that was my favorite. >> are you planning to go to dunkin, though, as a function of it? last year you started to see these qr codes on the screen. you were always a dunkin man. >> of course, it's in the blood. >> what's so interesting, though, is these really are sign posts, these ads are the sign posts of our times economically. it's so crazy. last year the ad everybody was talking about was larry david during crypto. i don't know if i ever saw a pets.com ad in the super bowl. >> you did. >> saw a ton of dotcom ads right before the bust. >> there is a curse. there is an absolute advertising curse when it comes to the stock prices of companies. it's a little bit like the cover of sports illustrated or the cover of business week. there's a little bit of a curse to it. the good news is you guys are all at work today. did you know 18 million people are calling in sick? this is the biggest sick out day of the year. >> ever