on the other, you have pepsico with presumably some pricing power. ken: coming off of coca-cola's strong results yesterday, it was a one-two punch in the positive for the consumer product space. the quarter was strong. not only did sales and earnings be double-digit, but i think a high-quality quarter. i say that for three reasons. the first is broad-based, all four of pepsico's key pillars performed double-digit sales wise positive. the second's operating margins expanded. that's is a lot in this environment, where consumers are pulling back a little bit. and pepsico's case, maybe third-party scanning data, we are not seeing then give up market share despite price increases they are imposing. the third, it was a quarter of another good product innovation. across the board, all of the divisions adding flavors, packages for convenience, they came out with a new lemon line drink to try to grab a share of that category. they are investing for the future. a good quarter, but also a good one if you are looking for full-year growth. kriti: when we talk abo

do people still want to spend even as pepsico has increased prices?he s&p 500 are they good that will be crucial as we see the market outperform. your trading off margins, which we have talked about in the broader economic sphere, you can see just how well pepsico is doing. applico is unique when you talk about how it is holding onto manufacturing and distribution -- pepsico is unique. on top of that, the cherry on top is the christ -- price hikes. they have had a series of price hikes, which is something the consumer is not really noticing. the chart shows just how much that is going to help their bottom line. the question is how much longer can they hold onto those margins? that is what you should ask the cfo. guy: perfect, thank you. kriti gupta setting up the numbers. we are joined by the cfo. navy seal. i am going to start with a guidance question. we will dig into the margins in a moment. it is q1, early in the year. you guys sound unbelievably confident about what is in front of you. what gives you confidence to raise guidance this early? hugh:

pepsico, you have the cfo on shortly, about one hour's time or so.hey are actually showing that volumes are decreasing. same story with the likes of ups. volumes are decreasing. but the marginal incomes on each additional unit, whether it is a beverage or an actual package, that's what's increasing. on the bottom line, margins are getting better and better. that's good news for equity investors, who are purely looking at the equity market and those particular stocks. if you are a consumer or the federal reserve, this is not great news. as you increase those prices, the consumer shows they can take it and are willing to spend despite price increases, that just means most of corporate america is going to stick to higher prices, creating an element of sticky inflation that is going to stay there no matter how hawkish the federal reserve gets. alix: which is so nuts because i feel like the conversation is that top lines are going to be at risk and margins are getting squeezed. i am curious. do investors dance to the earnings beat, but we like to look at

pepsico reported earnings of -- well, we could go through the whole list, but the good news pepsico raised to impact the inflation that helped revenue, and the stock is up 1.68 right now for more on how the consumer is fairing, i want to bring in the vice president and chief officer of pepsico, hugh johnston. these are good numbers we were talking about the winners and losers during the quarter and you happened to be a winner what is happening here and can you hold margin in this environment? >> good to be with you, guys we are pleased with the growth snacks grew 16%, and beverages grew 12. north america grew 15 and international grew 15. our price increases were about inline with the inflation we faced. gross margins were up 50 basis points, and that was through leveraging automation. the investments we have made in the business put us in a position where the consumer enjoys and wants our products. >> play this out for the rest of the year in terms of what your exspbg expectation is for inflation and how you have set up against it >> as we talked about in the past, we forward buy on our c

you talk to pepsico, i thought pepsico was going to see the second half, like coca-cola, a moderationprice increase, moderation of their cost no, definitely not that's worrisome. >> at the same time there's always a ups you mentioned verizon. there's packaging corp last night. >> i hesitate on ups i've not been a big fan of the company lately which is not -- i'm just looking at the stock. i don't have any great insight except for the fact that federal express -- >> federal express, to use the term of art, is getting it together you think fedex -- >> that's a new one. taking out $5 billion in cost. the fact that there were $5 billion in cost -- >> kind of an indictment of management. >> well, i was more thinking of it's a -- i can draw a conclusion that it was not as good as i thought. look, fred smith created a mode. you can't go against him that's why i want to go against ups -- >> is momentum shifting? >> i think fedex has so much earnings to gain, the leverage there. ups did guide lower revenues made me feel like e-commerce is not going to be great in a week where we better hope e-

ashley: what is this about pepsico using anti-technology? susan: everyone is using it.nk of a high-tech industry using artificial intelligence to track consumer demand and speed up product development. we call this predictive modeling when it comes to ai, artificial intelligence has been fantastic for that, hundreds of millions of dollars every year to beef up their ai tech so pepsi was using ai to sweep social media posts to track what pepsi drinkers and chinos eaters wanted and that included a new immunity water brand which is on the shelves at 6 months later. new tech, pepsico was the first buyer of has lapsed electric semis which they took control of last year, order to hundred of these tesla semis and they will roll them out this year, $25 million or so on elon musk's trucks at least. stuart: thank you. that's a lot of money. now this. very sad story, the murder of cash apps ceo putting new pressure in the city of san francisco, the daughter of a hollywood mogul blaming liberal politicians for bob lee's death, the latest on that investigation. house foreign affairs

pepsico raised prices 16% year over year in its latest quarter.ut only 2%, and margins were still up. the company boosted its outlook for the year, and shares are up 2.2%, one of the best performers on the s&p 500, and also hit a 52-week high mike >> certainly a rare one today. thank you. last chance to weigh in on our twitter question we asked, will investors be more bullish or more bearish after tech earnings? ready? so it all started when i was at a friend's party. mia, can you send me that? sure! everyone keeps asking- even my french neighbor- mia! green light! i mean all the time. red light! can you send me that? i'm not making this up. hey, can you send me that? everyone. sure! ♪it's incredible♪ >>> s&p 500 down at its lowest of the day, off about a percent and a half and a two-week low as well our twitter question, will investors be more bullish or bearish after tech earnings? the majority of you, 57%, saying more bearish >>> up next, your earnings rundown. we're just moments away from microsoft, alphabet, and chipotle results with yourself

k, such as pepsico and mcdonald's report to increased revenue to higher prices. however, you pay trade union say, this is nothing more than pure greed. i think that corporations, all the ones driving up inflation as they raise price is beyond reasonable cost. in the meantime, ordinary u. k. households have come under pressure as pointers for groceries have saw that the highest, the annual rate in 46 years. u. k. union say these are just some of the reasons why more than a 100000 civil service work is trying to go on strike on april 28th. well let's discuss this with josie broad, vice chair of the communist party of great britain joining us from bristol. many thanks for joining us today is good to see you. i'd like to ask what you make of these warnings made by mister pill. is this really a game of past the pulse post apostle? i think actually mister pill has a summed up the class war very neatly. you know, what he's saying is the workers should understand it's their job to bear the brunt of the crisis. although the crisis was not have been making because the impo

the founder and ceo says pepsico and coca-cola already came knocking but he's not interested in cashingyet. >> just yet. >>> a step forward for union efforts at the flagship ben & jerry's ice cream store. workers at the vermont store said yesterday the company agreed to terms for unionization. doesn't guarantee a union will be formed but it does through the process for it installed. the agreement goes well beyond what's currently required by u.s. labor law. yesterday, vermont senator bernie sanders congratulated those involved. >> i'm very proud of the work that these workers have done. and coming together to form a union. and i'm very proud that we have here in vermont a company like ben & jerry's that has long stood for progressive principles, today saying they're willing to sit down and negotiate a good contract. >> the union behind the effort workers united also pushing for unionization at starbucks. >>> up next, a daily dose of cuteness. a pair of bear cubs released back into the wild you are not going to want give y your small l business one tetech solutioion that checkcks all the

k. such as pepsico and mcdonald's report increased revenues due to high appliances. however, british tre duty and say, this is nothing more than pure greed. i think the corporations are the ones driving up inflation as they raise price is beyond reasonable levels. in the meantime, ordinary u. k. households have come on depression as prices for groceries of sold to the highest annual rates in 46 years. what is union and say, these are just some of the reasons why more than $100000.00 civil service workers plan to go on strike this friday. when, according to jose, he brought vice chair of the communist party. all great within the country's leaders are serving the interests of monopolies. instead of the people who elected them. habitual goes to the highest coffee it possibly can. and the thing about the monopoly corporations is they control the government. and that means they really control the treasury. so what we see a lot of is in order to keep the profits booster from where the monopolies, we are giving them public subsidies constantly. if you look at arms for you c

it was $40 for neutral rated pepsico, that new target price goes to $185.ore three calls out of citigroup about consumer focus names, david. i'll send things back over to you. >> okay, dom, thank you. dom chu. >>> before we go, don't miss black rock's larry fink here with us tomorrow dad, we got this. we got this. we got this. we got this. life is for living. we got this. let's partner for all of it. edward jones what do you see on the horizon? let's partner for all of it. uncertainty? or opportunity. whatever you see, at pgim we can help you rise to the challenges of today, when active investing and disciplined risk management are needed most. drawing on deep expertise across the world's public and private markets in pursuit of long-term returns... pgim. our investments shape tomorrow today. and it's easier than ever to get your projects done right. with angi, you can connect with and see ratings and reviews. and when you book and pay throug you're covered by our happiness check out angi.com today. angi... and done. - in the last two years, we quadrupled o

we talked to pepsico. nestle red all range of companies with rights -- price rises and margins.o continue to push rising through. a huge story. societal impact as well. we will be watching that very carefully. but tech is back. the drug sector is back tomorrow, and banks will be back as well. >> muska back to the story of the day. microsoft and activision read the u.k. is blocking the $69 billion megadeal to attacked innovation. microsoft says it plans to appeal this decision. joining us as eric gordon from the university of michigan. a clinical professor who focuses specifically on m&a. thank you so much for being with us. let's talk about this appeal. is it dead on arrival or doesn't stand a chance? what would it take? >> i think this appeal will not be successful for microsoft for a procedural reason. in order to win the appeal, microsoft test showed that the u.k. authority has no legal basis. it cannot win the appeal by saying it is a lousy decision. this would be better for everyone as long as the authorities show some legal basis for this. they will win. clearly, they have

we talked to pepsico earlier this week, i looked at the mastercard numbers, we will talk to hurts later on, those numbers look superstrong as well. our u.s. companies getting the consumer about right and are riding a strong wave that is driving decent topline gains? kriti: this isn't about the consumer at all and that is where what you see on the surface mismatches the economic data. look under the hood. on the top line we are seeing margins increased, we are seeing a consumer that's able to weather the storm, but a lot of the company gains are a function of price hikes, cost efficiency, layoffs, or even buybacks. that is what's holding up the earnings and yes corporate america has done a good job holding up in this environment, but look under the hood. i will give you a great example. caterpillar came out with earnings. they may construction and tilling equipment for customers around the world. they have china exposure, 23%. the stock is down despite they reported that profits are surging on the machinery. on the topline things look great, so what's the problem? you are seeing stock dr

today, another busy day for earnings, verizon, 3m, mcdon at, general motors, pepsico and general electricnd jetblue reporting before the opening bell this morning. we'll have it for you right here. markets awaiting tech giants microsoft and alphabet, that will be the focus tomorrow, out after the bell tonight. markets are lower going into a host of earnings this morning, take a look at futures, indicating a decline at the start of trading for the dow jones, down 137, the nasdaq down 53, s&p 500 lower by 20. we are getting a look at home prices for the month of february this morning. the s&p case-shiller index is out at you 9:00 a.m. eastern. you've got march new home sales out at 10:00 a.m. eastern this morning, good window into housing coming up. tomorrow we've got more, we get the first read on first quarter gdp out on thursday, the march pce index out on friday, had that will be the last inflation report before the federal reserve's next meeting, may 2nd and 3rd policy meeting. european markets, a negative tone. pretty much aacross the world right now. european indices showing declines

. >>> pepsico raising its outlook. organic revenue rising more than 14% on the back of very strong pricing. that was up 16%. volume's down 2. stocks up 2.25 we'll be rig bk.htac thinking about the market and want to make the right moves fast... get decision tech from fidelity. [ cellphone vibrates ] you'll get proactive alerts for market events before they happen... and insights on every buy and sell decision. with zero-commission online u.s. stock and etf trades. for smarter trading decisions, get decision tech from fidelity. and this is ready to go online. for smarter trading decisions, any questions? -yeah, i got one. how about the best network imaginable? let's invent that. we don't have time for lag or buffering. who doesn't want internet that helps a.i. do your homework even faster. come again. -sorry, what was that? the next generation 10g network, only from xfinity. close momentarily with a negative tape dominated by big bank earnings and a drop for mining stock something we'll talk about in a few moments with

plumbing and like a grim reaper scything everything in its path but first republic couldn't touch pepsico scout general mills. maybe you think their strength is up, and these are safety stocks, exactly what investors run to in times of turmoil especially turmoil caused by a financial chaos, just one of those regional banks again, mayhem that's certainly true. you'll always see some recession from stocks hanging in there, fine but it's not the whole story because these stocks didn't just hang in, they climbed higher and higher to the truly miserable and at least in your mind waiting for the moment, and what makes these so special, let me count the ways first, they didn't just beat the earnings estimates they sent the estimates to the emergency room these price increases stuck because their brands are unassailable there's no resistance to doritos. the snackers have spoken, and they can't live without the stuff. general mills cashed in on two big themes with its emphasis on blue buffalo pet food, the as for kimberley clark we want a kleenex no matter the price, and there's a lot of weakness

there's at least two things they have in common -- pepsico is up 2% general mills, hershey, all up betweenf to 1% overall the first thing is they're all consumer staples yes, they're all green, and they also all get gold stars. one, two, three, four, five because every one of these tooks, consumer tapele in the green, hit a record high in trading so far today one of the reasons why so many traders are looking at these movements saying maybe there is a defensive tilt towards the market and then the stock of the day as kelly mentioned is first republic the worst performing stock in the s&p 500. it's not often that you do see a stock in the s&p drop by about 34%, but that's kind of what we are seeing right now it's a $10.54 a stock. deposits, not the way they thought they were going to be. first republic looking at some of these headlines and maybe some are questioning about the moves. but you made a good point, kelly. pac west is one of those other embattled lendors that's reporting after the bell today western alliance was generally positive first republic is decidedly negative pac west may

pepsico prices, look at that up, up 16% volumes only fell 2% coca-cola pushed up prices 11% volumes increasedgrew sherwin-williams, the maker of agreeable gray/pink color popular with our producers discussedsoftness but earnings toppedestimates why? higher prices. mcdonald's ceo is the only one who said consumers are starting to push back on a few items. but overall, traffic still grew because people want their big macs all of this points to inelastic demand people may be grumbling about prices, but they are still willing to pay up. >> yeah. and even though -- we had the quote from that mcdonald's ceo, did that story earlier on today. come on over here. we have 28 seconds left. 30 seconds excuse me. he said he was feeling some pushback but they raised prices 13% year over year and still seeing high demand >> exactly we talk about a weaker economy, inflation hurting everyone, yet we are still paying as we saw on that board >> people seem willing to step up >> for now >> who do we do with the remaining ten seconds? >> catch up on our day chitchat >> thanks for watching chose "closing bell" star

of pepsico for 12 years, that's unheard of.ength of time that people serve is five years. do you think she said, you know, i'm indian, it was racist, i'm a woman, it's sexist. no, she never said that. if you want to lead, look, she has a seat at the table. she is vice president of the united states. she's a heartbeat away from being the leader of the free world. you know, you have the keys to the kingdom. move, right. >> chris: lead. >> emily: part of my problem with this administration and specifically with biden and kamala is leadership includes humility. leadership includes acceptance of responsibility, not just inspiring and taking action. and all we get from this administration is blaming others. it's an abject refusal to take responsibility for the consequences of their decisions or lack thereof or everything is trump's fault. let's watch an example of the fact that kamala harris continues to blame trump for the border crisis. >> the prior administration, they essentially dismantled the system and broke it. and we have be

came in and it was liberated that they are also we building a kindergarten in the community that pepsicoee plants. so the espresso coffee machine it is made in the plant and the factory is 1 mile from the border of the eu. and we have here cargo, the last agricultural exports have been in ukraine for many years and continue. we see investments being made with 20 million-dollar and a brand-new factory. we already have three plants which they are investing another 40 million euros. and managing the one.2 billion and also $125 million with the full-scale invasion. visa and the banking system and i think it is changing the narrative with the messages to change that perception but there is a lot that we do. we have a full-time staff of 40 people. and now supporting those numbers on the companies and they just expanded up to 18 cities across ukraine. so it is time narrative so for them to be the ambassadors and those that are not in ukraine first ukraine is open for business they come to invest in ukraine and start investing now they feel it's too late they have missed the bus because construc

lisa: the estimate was up so it was a big beat in this follows on from pepsico early this morning alsohe most industrial facing companies are facing some headwinds right now. whether it's 3m or this idea of ups and fedex. if you are going to eat something, particularly on the lower end, consumers are willing to accept price increases and we see that it mcdonald's and we saw that a coca-cola and pepsi. this is the diversions that makes it difficult to come up with a clean narrative about this market. jonathan: welcome to the program, negative zero .5% on the s&p 500. some softer manufacturing numbers which speaks to the stuff we are disgusting -- are discussing. euro-dollar negative is about 0.2%. lisa: today we get housing data for february as well as new-home home sales for march. in addition to u.s. conference board consumer confidence, we get richmond fed manufacturing that might be the most interesting case for the disappointments we've seen recently. earnings continue today. i am focusing on the small regional banks. pac west after the bell at 4:20 p.m. following first republic ye

pepsico has gone from 171 -- i think you'll find out that pepsi deserved every bit of that. >> it lookede chart of coke which had interesting defensive moves somewhere in the -- i don't know. call it the 50-60 range. >> i think coke breaks out here, 25 times earnings, 3% yield. they can raise the dividend. i think the number will prove to be good. a lot of times it's dependent on convenient stores. a lot of innovation. the small format is really working for them i think coca-cola is a winner. i can go over these companies. there's one we never talk about. no one ever talks about merck. merck is doing -- they have so many different franchises that are doing well, not just treating cancer. how about throwing an 18 multiple in? why not? you want to do it by earnings. there are a lot of depressed stocks because we've been in a bear market for quite a while. >> another great table was huge companies with large 4x exposure since the dollar peaked in september. there's only three that are down tesla, pfizer and danaher. >> i'm glad you mentioned danaher. this is the longest i've ever been disap

don't see it inflation is moderated the pricing actions for now are done >> kind of echoing what pepsicoaid a couple months ago, we think we're done for the year. >> sean conley laid out a really good case. they've caught up. they're making good money. but again, here's another shift. the shift to snacking. i mean, i know these things don't sound like they're a big deal, but the snacking and watching netflix at home should have ended a lot of things should have ended. commercial real estate should have come back people should have stopped saying, listen, i got to see the world. we're just not seeing the patterns we saw pre-covid. it's just a very changed consumer and i think that we all have to recognize that maybe these things are -- i'm not saying they're permanent, but right now, there's no sign that people are spending a lot on their home there is a sign that people have switched to snacking there's still people who are not coming to work the commercial real estate is not that great, and then we have the money coming out of the banks, and i think that that's -- every day, that's the

bring the deal look at pepsico flying, coca-cola, colegate, bring the deal right now bring it right now drugs. i do stocks. >> it's friday they're not bringing the deal on friday. >> first republic. >> yeah. >> stocks are trading up. >> well, we'll talk about it some more. >> meantime moderate gains for the dow thanks in part to intel the biggest gainer stop trading with jim is coming up next. interesting piece. let me bring in my expert. mmm... so many scratches... oh those are from my car keys. such a rich history. yeah. this won't do well at auction. but at at&t, it's worth a brand-new samsung galaxy s23. wait really? mmhmm. what about this? at&t's deal is back. wow. everyone gets a free new samsung galaxy s23 with a galaxy phone trade-in. any year, any condition. good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that.

pepsico's sacramento fleet now includes 18 electric semis built by tesla. to 400 miles on a single charge. perhaps he's now one of the first major companies in the country to use those tesla trucks. we're committed, and we believe that achieving our sustainability goals will help us achieve our business goals and that the two are intertwined and are key to us achieving the successes that we anticipate we'll need to have in the in the years to come, partially paid for the zero emissions trucks through a grant provided by the local air quality district. the trucking industry in california, is facing a 2035 deadline for half of semi trucks sold in the state to be all electric 37. let's get you out the door near the end of the morning commute. we're getting there. the light is at the end of the tunnel, isn't it got and andre good morning to you. hey, we've got just a quick reminder about vt. a light rail service is now back in and restored. that was after a couple of hours of service being suspended because of some electrical issues. they say they've got a temp

pepsico owns both free delays and quaker oats.etos and doritos to be reusable within the next two years. the company says this decision will reduce £12 million of plastic waste every year. alright too early for cheetos, but maybe not for a bagel and coffee in the car south castaneda helping us at the tail end of our morning commute. you know things are improving. gasia and andre. that's good. we do see some things that are still out there how we four and 6 80 still have some slowing, but i like what i see. things are getting better. and if you have flexibility you can you know there's a little bit of slowing out there, but it's much better than it was, let's say an hour ago. and 8. 80 is a little slow getting into downtown open. i wouldn't say it's a like commuter. i'm just saying that it did improve rather quickly this morning compared to let's say, you know, last thursday or wednesday, when those commutes tend to last longer. this is a look at the same entail bridge. this computer is still slow into the valley, the west valley c

less pepsico, their been investing in technology for 20 plus years.to move to the cloud the strategy is going to be i'm going to keep some workload on the cloud, keep some in house. the hybrid cloud strategy where you can have an infrastructure that can work on any cloud on the background but obligations can run -- applications can run seamlessly in both places. jonathan: you do not think it is over? anurag: not a close to it. we just saw the biggest growth driver in technology that is all ai enabled applications. they run at a speed you cannot think of. you need processing power on the cloud to run that. the current footprint is less than 25% penetrated in the cloud. we have a long way to go. jonathan: you sound incredibly bullish. to go back to have an understanding of the best five years, six months are you saying the cyclical headwind their effect cloud headwinds in this company, ignore them? anurag: not for the six months. i think they in get tough. my view on cloud is negative going into this already seizing. i was proving wrong by microsoft but

pepper ap pepsico, and the family-owned businesses that bottle their iconic beverages as well as theiremploy more than 270,000 hard working men and women across america, many of whom call your communities home. beyond providing the family supporting jobs we're working with local leaders like you on practical and effective solutions to impact your citizens. for example, beverage companies are taking actions to provide americans more choices with less sugar than ever and smaller portion sizes, in fact, today, nearly 60% of beverages sold have zero sugar. our industry is steadfastly making our communities more sustainable with every bottle back initiative. through that effort, we are taking comprehensive action to encourage consumers to return 100% of our 100% recyclable bottles so they can be remade and not end up as litter in the environment where they don't belong. we're proud of the efforts, i'll be the first to tell you that we know we have to do more. we're proud of our progress, and we can't make lasting change alone. that's why we're proud to work with the african-american mayors

ready to roll pepsico sacramento fleet now includes 18 electric trucks built by tesla company says thejor companies in the country, to use those tesla trucks. we're committed, and we believe that achieving our sustainability goals will help us achieve our business goals and the two are intertwined and are key to us achieving the successes that we anticipate we'll need to have in the years to come. sleet partially paid for the zero emissions trucks through a grant provided by the local air quality district. the trucking industry in california , is facing a 2035 deadline for half of the big rigs sold in the state to be all electric. speaking of technology, artificial intelligence is starting to make its mark in art museums and galleries, leaving the artistic world wondering if it actually qualifies as art. while some embrace the rapidly developing technology critics claim a. i is copying and processing millions of copy protected images without a license. to create its own art artists behind the artworks say the work is a i assisted, not a i generated and they still control the final piec