remember last week they had philip morris that was bad and proctor that was bad. >> philip morris international. >> that was bad. >> a bad quarter. >> down 7% in one quarter. >> the japanese market, apparently. >> but, david, this is the one this is the test case. the reason i didn't like that quarter. >> oh, my. >> if proctor is negative they said we didn't do that good of a job in a lot of areas. in two areas in grooming. the whole pricing structure is in trouble and a lot of private label aggressive there looming it doesn't have looming kimberly that's professional care division and they were both good so if you want to start believing in one these consumer products down 21% with a well run company. this will be the test case for this group. >> okay. all right. >> got it. i'll be watching. >> and youee kp watching. >> we have an opening bell about

philip morris quarter tells us vaping isn't just crushing tock b back coin the u.s. iqos platform which plateaued years before management expected to you can understand why the stocks went literally free fall. tumbled from 181 to 85 in a single session and the pin action devastated the rest of the group. altria reports on thursday and we will be watching them like a hawk if you have been on the tobacco stocks, you are trying to fight the tide you need to bring in new users or you are toast but millennials would rather vape than smoke. the margins on ecigs are so much lower than on real cigs. what if you wanted to invest in vaping instead no publicly traded vap companies. but if juul talks about becoming public, i will let you know. threat from its vaporized competitive. it could even have more downside "mad money" back after the break. - i love my grandma. - anncr: as you grow older, your brain naturally begins to change which may cause trouble with recall. - learning from him is great... when i can keep up! - anncr: thankfully, prevagen helps your brain and improves

let's go into the today stock chart for philip morris. you can see how large the decline was, the biggest drop on record. let's go into some of the carnage. you saw tobacco makers not just in the u.s. but europe, british tobacco down in a very big way on the indications of weaker demand. if we going to the bloomberg one is where these charts are, this one is called tobacco charts. you can see all these different stocks, yellow is phillip morris, they are completely tanking on the trading desk on this latest earnings news. julie: su, thank you so much. very poor action on tobacco stocks today. the short action in tech stocks, headlines today's edition of daybreak.

big moves in philip morris, in clorox, in kimberly clark, campbell's soup, kellogg's, 52-week lows all over the place in consumer staples. to a lesser extent, we're seeing retailers who held a little bit better also selling off late in the month as well so you're seeing companies like kohl's and dillard's and gap. the third group, semiconductors, i won't put them all up for you but the main semiconductor etf has been drooping here in the last couple days there you see it for the month of april i think the important thing, overall, earnings are continuing to improve when was the last time we saw a 20 in front of earnings growth for a quarter? it was bway back in 2011 revenues up 7.5% second, third, fourth quarter also holding up very well. the problem here, guys, is a little bit of sell on the news i think a lot of people are just betting right now. it's not going to get necessarily a lot better on that

mark: any spillover from philip morris, png?: philip morris reported disappointing earnings and british american tobacco and imperial are two of the biggest decliners on the stoxx 600. another fear of consumer packaged business facing its challenges. mark: anyone doing it well in the consumer health package focused business? heather: yesterday, dan and -- dannon at a really good number, they have seen recovery in their dairy business. luxury, really good numbers. l'oreal which makes makeup, they had a more luxury premium element. mark: and the chinese are loving cognac. heather: again, higher-margin, high-end good. remy which makes cognac also had a good -- s christmas present for me had a louis the 13th cognac. heather: that showed up in the market. mark: i hope it did. i will take a sip. that is worth a few hundred dollars. heather burke, thanks a lot. ahead, coming up, opec and russian officials are discussing the future of production cuts. from cognac to crude this is bloomberg. ♪ vonnie: it is time burke -- it is time for t

. >> we begin with tobacco company philip morris down 15% after reporting earnings, largely caused by revenue and slowing sales in japan where the electric cigarettes are seen as the demand wave is maturing now. >> positioned relatively well given head winds >> the company, of course, that philip morris borrows. >> american and british tobacco down as well blackstone added a $1 billion stock buyback program and incured a special dividend up.6%. this is all about the yield and dividend >> annual dividend yield >> about 8.5%. >> taking your word for it >> stock price is not just performed in the same way as, you know, various financial companies have, but the people that hold it do not mind and got money back in the dividends, including top shareholder. >> excellent point this a difficult niche part of the market, but for that reason, guests said that's why they like private equity, not that blackstone is. >> people are confused on this if i want private equity, i invest in it, but the biggest question why you seed high yield is people questioned valuation generally. if the market is te

we show do philip morris international. they were doing bad.e in gamble after doing that after missing estimates on earnings. the s&p 500 is looking for the fourth time in four days. financials, the only sector in the green light now. stocks are higher. we have concerns over inflation. we have treasury responding at the same time. david: mark crumpton is here with bloombergs first word news. mark: a senate committees set to to ben mike pompeo secretary of state. pompeo faces democratic opposition and may not be able to secure a recommendation from the panel. the senate republican leader mitch mcconnell says it may be tough for democrats to block pompeo's nomination after his meeting with kim jong-un. a full senate vote is expected next week. cuba, the communist party is officially chosen mega lds canal to be president after six decades of rule by the castro family. he was born a year after the 1959 revolution. report toill have to raul castro who will remain head of the communist party in cuba. thousands of people marched across to protest pres

look at philip morris right now. it's like the worst day for the stock. >> since '08 at least. >> so, you've got all of these big sectors in the market that the whole investment piece was predicated on. they're not going to shock you and you're going to get a decent dividend because rates are zero. rates are no longer zero >> josh, is there a piece of your portfolio you're now ready to put into a u.s. treasury bond because of the current yield >> we maintain a constant -- >> but not any more than you used to have >> we don't own treasuries just for the return we own treasuries because they act as balance olast which wille us the ability to add more stocks. >> you can bet if oil bumps over 70 bucks we're all of a sudden talking about that every day the impact on the consumer, gas prices >> i disagree with that. i completely disagree with that. oil prices since 2014 have traded well below their historical norm. and we heard about the advantage that was going to bring to the consumer where did we actually ever see that

hitting 10.92% the consumer staples are the worst performers a lot of it has to do with philip morris seeing its worst day since 2008 >> pulling the market in somewhat opposite directions, the tobacco company is pushing the sector towards it's worst day in two months. philip mors philip morris is down 15%. it's on pace for its worst day dating since 2008. take a look at the regional banks, including bank of new york, keycorp, the flattening of the yield curve is taking a break. keep in mind, those regional names, especially the keycorps and the u.s. banks, they don't typically see these kind of massive moves. something to watch for, back over to you. >>> it's a difficult time, of course, for retailers, especially in malls. the retail index is down 10% so what can stores do to survive and thrive in this new world the former macy's ceo is about to join us about the state of retail i was a c130 mechanic in the corps, so i'm not happy unless my hands are dirty. between running a business and four kids, we're busy. knowing that usaa will always have my back... that's just one less thing yo

. >>> a disappointed earnings report from philip morris weighed on the market. the tobacco industry has been under pressure over a decline of smoking. shares of stock tumbled. it was the tobacco company's worst single-day loss in a decade. >>> and, anne-marie, of course, you probably remember the statue of the fearless girl. she stands on wall street. it was supposed to be a temporary installation. but it became a tourist attraction. fearless girl is being moved by the end of the year facing the new york stock exchange. anne-marie. >> i'm sure she'll be just as possible in her new location. diane king hall at the new york stock exchange. thank you so much, diane. >> thank you. >>> still to come, an invitation to the home of the future. >> reporter: i'm chris martinez at the scene at smart home in san francisco. we're taking you inside what they call the ultimate guide to smart living. they call the ultimate guide to smart living. a type of irregular heartbeat not caused by a heart valve problem. but no matter where i ride, i go for my best. so if there's somethi

let's go into the today stock chart for philip morris.ou can see how large the decline was, the biggest drop on record. let's go into some of the carnage. you saw tobacco makers not just in the u.s. but europe, british tobacco down in a very big way on the indications of weaker demand. if we going to the bloomberg one is where these charts are, this one is called tobacco charts. you can see all these different stocks, yellow is phillip morris, they are completely tanking on the trading desk on this latest earnings news. julie: su, thank you so much. very poor action on tobacco stocks today. the short action in tech stocks, headlines today's edition of daybreak. bloomberg subscribers go to dayb on their terminal. it is also available on the bloomberg anywhere app. yvonne: let's look at the asia set up this friday morning. we are seeing upside in new zealand, up 0.3%. .72kiwi, downside 0.1% at 65. dollar catching up. heading to the sydney open, and -- we have not been able to break away to the 78 handle. higher by three basis points. t

you see philip morris trying to move on from cigarettes and go to something that is more of a heat and not burn technology and not an e-cigarette but something similar to it. so you haven't seen that same pushback, and i haven't seen it from the members of those tobacco-producing states either. host: that is if our time this week. as we said, the food and drug administration has brought -- a broad portfolio and we only scratched the surface but thank you for your questions this week. ♪ c-span's washington journal, live every day with news and policy issues that impact you. coming up monday morning, jason derek of rollcall discusses the week ahead in washington. kevin cozaar will join us to talk about amazon's impact on the u.s. postal service. and we are live in boise, adding hope for the next stop on the. capital cities to work the governor will be on to talk about policy issues in his state. be sure to watch live at 7:00 eastern monday morning. join the discussion. later tonight, conversation with hillary clinton about her experience during the 2016 presidential race and russia's ong

what are your thoughts on philip morris. >> we discussed this in travel source club. too many guys who are working on the product right now. it is the single bit of cause of debt susan in louisiana. >> caller: booyah, you are awesome. talking about pets. >> i like that far more -- stop it i like idex. and ramona lights. going to paul in illinois. >> caller: i looked at high dividend stock and did some purchase where do you see the stock going for a long-term? >> seven% yield. better income producer than most but i have got to tell you, not my cup of tea, real estate investment trust not quite there. mar mary in florida. >> caller: booyah. great grandma home trader from florida. and i am a long-term fan and i follow your advice my question is nov vartis. >> turning the industry upside down i prefer you to be in that and that ladies and gentlemen is and that ladies and gentlemen is the ncsicoluon of the "lightnin. hm. i'm thinking... will i have enough? should i change something? well, you're asking the right questions. round" round" >> announcer: lightning round is you

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thank you are the cause of the fire under investigation and none of the philip morris to the trump familye inside at the time of the fire. arthel: bryan llenas coming thank you very much. eric: russia within breezing an unprecedented cyberattack. it did happen in the 2016 presidential campaign. galesburg on illinois a typical small city in the midwest with the city of 32,000 people say officials was hit by the russians. the fbi department of homeland security blamed hackers from the gr euchre the russian intelligence service for the attack on the city. the alumni board of elections told fox news 7.9 million registered voters in the state of those about 76,000 they've had their personal voter registration information geared. the greatest number of the sick ones, 14,121. authorities want to prevent what happened to them from happening to you. >> the russian assault on our election has prompted new measures to protect your vote in the midterms. >> of you can get into voter will come you can change it. add people to come in to lead people to it and create chaos on election day. >> republican

. >> worse than philip morris? >> no. philip morris was like a benchmark.e we get started, we want to give you -- know how they give you a disclosure. sell our stock and securities. that was hard. but the proctor was like, okay, we're going to get to why grooming is so bad we'll get to why that division is so bad. that division was so bad it was a tough call to listen to we have two calls yesterday that were png and pnm. >> some people wondering about allergen yesterday bloomberg reporting the possibility that japan's decatur will come back for shire it's an irish company. trades in the uk they may come to them and say you have to make another statement. but allergan came out, as a result, of being contacted saying you have to make a statement now after reuters said there was interested in buying shire. they did it and then we reported not long after they were not going to follow through with an offer. and they said we're off. we're done we're not doing anything. >> that was insanity. >> the board saying we're not doing this stock tipping down it's gaining

philip morris dropped 16%. p&g fell 2% on slow sales. raise prices as tough competition keeps a lid on growth. >>> at&t calls the final witness. the ceo. the doj is blocking the purchase of time warner. the at&t chief defended the deal as the only way to keep pace with the tech companies. the media industry is facing disruption. google and facebook can sell higher quality ads. the merger he says will allow at&t to do both. combine at&t knowledge of the customers and time warner's content. the trial is expected to wrap up this month. >>> the famous fearless girl stat statue. she is moving to a new home. after more than a year of staring down wall street's charging bull. she will face the new york stock exchange. she is a few blocks away. relocation means the statue which had a temperatuorary perms a permanent home. the statue was installed last march in honor of international women's day. it is a symbol of gender equ equality and another great place to take a picture with your selfie stick. >> good to know she is not going away. >>> make

i see facebook as a new philip morris. they provide the product, they have a product that did injure consumers and killed a number of people. facebook is fairly similar in that internally, they've known for years their platform is being misused by bad actors to criminals to scam artists to political campaigns to sway audience emotions and audience perspectives, and they say with one hand to the campaigns, invest with facebook advertising and they're telling us publicly and to congress our ads don't work? which is it? do your ads work or not work? they're either lying to advertisers or lying to the regulators, and facebook, since inception, since founding has played this game of american consumers versus the world. german facebook user, european facebook users get more privacy rights than americans do. canadian facebook users get more rights and gdp implementing in the future, i expect facebook to double american consumers, because they can. somewhere along the line, they're lying to somebody. liz: this news just breaking t

philip morris, the huge international sell willer marlboro had a shocking drop and stock plummeted 16%. altria got laid to waste falling 6% and the whole world suddenly realized they make cancer sticks who knew there was disruption as e-cigarettes are taking their tall on the fatal attraction to ordinary tobacco when you're in these consumer goods conference calls, they're so bad you have a constant theme running through, inflation it's usually centered on freight and not enough driver to take the goods to the factories inflation is hard to ignore when oil is challenging 70 bucks on a tear of course today is the day that oil investors chose to take profits. so you have this bizarre situation with the transports were going down like the grudging recognition of how oil has run and oil stocks were going down because oil couldn't maintain its miraculous move of course, there's scuttlebutt about rising tariffs they don't have that hutch to do with consumer package goods but get lumped in. retail should be swell as we heard from american express. credit card use is way, way up but the news d

philip morris, proctor & gamble, altria and clorox. last but not least, quick peek at the homebuilders on concerns about high every rates which we're expecting this year. look at d.r. horton down 4%. they're down over 3%. lennar, pulte. we had back-to-back losses but came up off the lows. back to you. melissa: nicole. thank you so much. oil taking a break ahead of a big meeting in saudi arabia. go ahead, phil, can you hear us? oh, poor phil. we love him. i'm sure he had something brilliant to say. we'll check back. >> everybody has an interest in having level playing field, rules of the game and respect of the system so the companies know where and how they're playing. david: imf chief christine lagarde sounding a little like donald trump talking about fair trade. let's bring in today's panel. gary b. smith from the kadena group. he is in new york. fox announce -- news contributor and kevin kelly benchmark investments. like what he says about trade or dislike what he says, the fact donald trump is seth the pace. you wouldn't hear chris

let's take a look at shares of philip morris plunging after cigarette shipment volume dropped more thaned, the stock saw the worst single day drop since going public years ago. shares down 25% year over year, again, that's the stock to watch today. well, just in time for earth day, apple is introducing a robot that tear as part iphone so that you don't have to do it when you throw it across the room. meet daisy, can tear apart thousands of phones per hour, the iphone can recover materials that traditionally recycling wasn't able to, possible with innovation and conservation, so she won't break the iphone unless you give her the opportunity or you can do that on your own, maria. maria: thanks, cheryl, we will check out the movies next. what will amy schumer's movie i feel great dominate? we have got a problem. a few problems actually. we've got aging roadways, aging power grids, ...aging everything. we also have the age-old problem of bias in the workplace. really... never heard of it. the question is... who's going to fix all of this? an actor? probably not. but you know who can solve i

one of the notable laggards has been staples philip morris and altria, down 14% on pace for its worst back to its spinoff from altria in 2008 carl >> contessa, thank you very much >>> getting a tweet from the president a few minutes ago. great meeting with prime minister abe of japan, who has just left florida. talked in depth about north korea, military and trade. good things will happen. of course, meeting in florida, talk about potential bilaterals and the ongoing move, perhaps, to get some direct talks going if not between the south and north koreans, between north koreans and the u.s. let's get to washington, meantime, with developing news on the nafta front kayla tautsche is there. >> between ambassador robert lightheiser, top u.s. trade official and counterparts from canada and mexico. they've been holding high-level talks a couple of times this month as they are trying to work toward a deal. just a few moments ago, we caught up with canada's foreign minister as she was on her way into the building. we asked her about the possibility that a deal could come in the next two to th

they're among the biggest corporations including tobacco giant philip morris, food giant kraft and glaxo cline. the myriad affiliates is to trick the public into thinking they are genuine, unbiased think tanks researching public policy issues. think that instead of right-wing billionaire-funded groups dedicated to hijacking every legislature in america and passing laws that work for their corporations while they leave everyone else behind. with friends like the aggressively antiunion koch brothers, it should come as no surprise that one of the state policy network's top priorities is dismantling public sector unions. in a 2016 fund raising letter, the state policy network stated that its goal was to, quote, defund and defang government unions. and it bragged about the work of its affiliates to supply -- and i'm quoting here again -- quote, intellectual ammunition to weaken unions in states across the country. it touted its work in west virginia, indiana, michigan, and wisconsin, in shepherding passage of laws that made it harder for unions to collect union dues that cover the costs of co

philip-morris the laggard as people smoke less. mike, starting with you.h. >> a lot of concerns about the phone. should we extrapolate more to that worry about china? worry about the domestic economy seeing weaker iphone sales because they are so a part of the lives? >> two, three months you get a report that supply chain is sending signals, apple takes a hit. what i take away from the last two days in apple, the fact it's 10% down from the high or so, i that the market is receptive to the slightly less positive headlines on big take. i take it as the reverse leadership has wobbled a little bit, so it's not a macro story other than the automatic growth of big tech is now more largely in question. the market in general is just -- it's on -- back on the heels is how i put it >> evan, do you think apple sold off at all because of the data privacy issues that we had from facebook over the last couple weeks, or pure and simple, scares of iphone sales >> i think it's the latter i think it's the market's recognition it's a maturing business i mean, apple is becom

but you're gonna tell us about this product that philip morris is pushing which might come here. co product. >> the name is iq os. phillip morris is pushing it. total sales for them are down 5% so they're looking for a cigarette alternative because less people are smoking. they're trying to push this in japan. it's something that heats the tobacco instead of burning it so it's more potent than e-cigarettes. it's not vaping. it's actual tobacco and smokers say it's more like smoking. here's the problem. it's not catching on in japan and our fda is saying we don't know if this is safe. studies don't show. we've talked about it on the show. the fda is interested in cutting down the nicotine content of cigarettes. there in an all-out war with the cigarette industry. >> it sounds like they're winning. i don't think this product will make it to the u.s. >> i don't believe the fda will approve it. i don't think it will catch on. i think phillip morris has a problem on their hands as less and less people smoke which we ask physicians are extremely happy about. >> do you think that the fun

. >>> philip morris international was rated buy at deutsche bank that stock is up by 0.8% >>> comingally. plus synchronize your watches. we're counting down to mark zuckerberg on capitol hill today. he's going to answer questions by senators including john thune. that senator will join us in the next half hour with a preview of what to expect stay tube ned. you're watching "squawk" right here on cnbc >>> new this morning, chinese president xi jingping says the economy is open for business speaking for the first time since the trade tit for tat with the u.s. >> we will ease as soon as possible restrictions in automobiles in particular. >> the futures pointing to a triple digit gain at the open. >> but will the rally hold investors watching in washington >> this is a pure and simple witch hunt >> after the fbi raids the office of the president's longtime lawyer, the president speaking out on twitter this morning. the latest coming up >>> plus mark zuckerberg takes center stage the facebook ceo will field questions from senators. we have one of those senators in the next half hour the f

. >>> marlboro maker, philip morris, tobacco company fell short, sales, that stock is down 15%.tock down that much. >>> now this. the castro dynasty over in cuba. the parliament elected miguel diaz-canel as the new president. vanessa neumann with us, author of that book, "blood profits." i hear you said yes, you are the author of that book. this is a shift, a change, but is it really more of the same? >> the answer is both actually. it will be more of the same in the short term because raul castro who was greater idealogical power behind the castros be more a puritan than his brother fidell. so he will remain president of the politburo until 2021. he really holds the reins on power. they're offering this new face of diaz-canel, hope of a mild transition. they have tried this before. i know cuba fairly well. i have actually been there a couple of times and you know, over the last few years there was talk about diaz-canel being the new guy. that was five years ago. he was getting so popular the castros kind of quashed him. now they're bringing him back. make no mistake he will be

philip morris, a tobacco company, established the foundation for a smoke-free world. they're going to fund research to end cigarette smoking and provide $80 million a year for 12 years. given their history and their continued opposition to prove policies to reduce cigarette use, excuse me if i'm skeptical. that's the problem, isn't it? research from the foundation for a smoke-free world or tv ads from the national center for public policy research just may seem harmless, but if the american public and elected officials knew that r.j. reynolds, altria or philip morris, some of the biggest tobacco companies, were behind this research and p.r., they would be as skeptical as i am. one more examples. corporations and wealthy donors flooding cash into efforts to influence the american public and american political officials. in addition to funding bogus research, we know that tobacco companies have poured millions of dollars into nonprofit dark money organizations, which in turn spend millions of dollars to influence elections, never disclosing who they are, where the money