i'm from abc news, we're looking to interview somebody from philip morris national.hey refused. so a few weeks ago, we showed up uninvited at their annual shareholder in manhattan. at the meeting with the ceo of pmi louis kcamilleri at the podium, i stood up. how do you defend that? >> the kiosk you mention, we actually looked for it and we couldn't find it. >> reporter: excuse me, gentlemen, are you comfortable with pmi marketing outside of schools? after that, we talked to people who are in the meeting. right in the one of our interviews right there, we saw ceo louis camilleri walking by. do you really think it's okay to have this? >> no. >> reporter: you don't think it's okay? >> no. why then is it still there? we broadcast this on television? >> i can i answered that. i said no. >> reporter: you didn't ask me for the address today? but we broadcast it ten months ago. >> we've asked for the address, we couldn't find it. >> reporter: you did? why didn't you ask me back then. >> i don't know. >> reporter: he says that pmi does not market to children and it making ch

. >> tom: we saw you in august and you liked equities, philip morris rallied nicely, up 35%. night work there. yum brands up 26%, you still like these two stocks? >> we do. both of those fit into that quality basket, and are continued for us. >> yum branlds a little less so, but philip morris fits nicely. >> tom: and the etf with japan, down one and a half percent, and templeton global bond found down 6%. you like these? >> they haven't worked quite as well. what that boils down to is the international flavor of those allocations. one is in japan with equities, and the other has a fairly large currency exposure. that hasn't been as good, but we think long term prospects are fine. >> tom: do your clients have positions in everything we mentioned today? >> yes, they do. >> tom: staying defensive, jason pride. >> susie: and following occupy a story we told you about last night, new legislation working its way through congress that would make it easier for states stop sales. on online purchases. right now, the biggest e-tailer amazon.com charges state sales tax in just a few stat

day of hectic skies were lit up tonight that this was the pop the big finale of the fourth of philip morrisesemblances go ahead and commit new simultaneous blasts at the park in the bay does stop your opinion this is blares from the city but not everyone is celebrating believe. to head myerson writhed in agony from is that every year. so can police crackdown? elizabeth of the shows us how some compartment so i fighting with new technology. grandstanding is a view of the entire city of oakland's earlier today thereabout of your so people here to watch the fireworks show it's died down a little bit and all these fireworks may look professional their 100% illegal. they're being shot out on city streets and in people's backyards now police say are stepping up patrols this year but the view from here says it does look like it's having a kind of impact. did waves to vaughn walker doesn't have to go far to see what he says is the best fireworks show in the bay area. film faugh you can get a very good look over this is beautiful. once the sun sets the city limits. >>> it's fun to watch the differen

one example is altria, based in the philip morris. altria gave -- was the fourth largest corporate donor to the republican party and other large donations from other tobacco companies. just so we know who the good guys and the bad guys here are. homophobia is a major factor in why we smoke more. stress on our use, our lgbt youth increases the amount of smoking. -- stress on our youth, our lgbt youth increases the amount of smoking. also related to homophobia because of societal restrictions or rejection, rather. there are not as many spaces and we go to the bars. as you well know, the bars are where the community goes to build and find community and that is a good thing but bars are also where in many cases, smoking still goes on, including in our city. the message because of that can be a that smoking is a part of who wewe are in the lgbt community. there is a quote from a youth who said, "all queer young people smoke. it is part of the package." orders that come from? san francisco public health law 19 f, two years old law, and a nu

. >> rob yes these earnings ibm, philip morris all better than expected.t lower but they reported a profit. let us get serious for a second it is not that bad. >> and expectations thought that it was going to be worse? >> people think that ibm fell apart. and they were able to even sustain a little bit longer. >> yum brands is doing great with all things considered. and china they are doing wonderful. they do not have as much success in the united states but mcdonald's is strong worldwide. >> what about spending and back-to-school. this survey showing that they are going to be spending more. and i am amazed that back-to- school spending is almost as significant as christmas. >> absolutely. target, wal- mart. it is increased by $85 by each family for last year. dosummer just started and it seems like it is almost over. in the next couple of weeks will start to see discounts. target, it is a spending holiday. >> taking a look at those stocks. >> super important for wall street these earnings. that first earnings it is a rush of what is to come. the third qua

gamble johnson and johnson northrop grumman a virginia electrical utility called dominion and philip morris his parent company altria they've all donated to host this event and they will all have access to the governors attending along with n.-g.'s corporate fellows who paid twenty thousand dollars a year to belong to the group's best practices center so it seems like this alleged above the fray assembly of governors is really just a fancy pay to play event corporate fellows love closed door lunches on friday and saturday with the latter giving them a chance to mingle with gov senior staffers and guess what the press and the public will be kept totally in the dark and adding fuel to the speculation that this event could facilitate i don't know corporate giveaways and yes sponsor algeria was among a number of corporations that exploited manufacturers tax loophole signed into law by virginia governor bob mcdonnell funny right that they decided to donate money to host the gathering just shortly in mcdonnell state shortly after so another controversial governor is also going to make sure that h

but names like philip morris pm which is an interesting name because it's very defensive. names like yum, names like some of the other places that i think people have been very defensive in this global multinational growth fear. our names are actually going to surprise on the up side. >> tim, which -- you wanted to jump in. >> i wanted to jump in here. tim makes a fair point about the currencies. but we actually think that the currency translation is going to turn from a significant headwind to a significant tailwind. we think that these multinationals here in the u.s. are going to benefit from a w k weaker dollar when investors start to flee the safe haven or perceived safe haven of the dollar and they move into that riskier euro. >> when are they going to do that? give us a time frame on that. because at the moment the dollar seems to be king. >> right at moment. but we have seen critical bottoms in these e.m. and collateral currencies which have been a banner. of course we know about the battering that's gone on in the euro. we think the trend has turned right here. we'