jacek olczak am a philip morris international ceo. bloomberg. ♪ alix: much more to come in the next 24 hours. after the bell we get earnings from csx and texas instruments and then tomorrow the all-important ecb rate decision, plus the south african reserve bank rate decision as well. earnings for twitter, american air, and at&t, plus u.s. existing home sales and eurozone consumer confidence. a lot to unpack work consumer earnings as well as inflationary concerns. that wraps it up for me. coming up, libby cantrill of pimco will be joining balance of power with david westin. i am heading to dab digital radio for the cable. this is bloomberg. have a great wednesday. ♪ [ "me and you" by barry louis polisar ] ♪ me and you just singing on the train ♪ ♪ me and you listening to the rain ♪ ♪ me and you we are the same ♪ ♪ me and you have all the fame we need ♪ ♪ indeed, you and me are we ♪ ♪ me and you singing in the park ♪ ♪ me and you, we're waiting for the dark ♪ >> from the world of politics -- >> this bill has more in it than what my las

hang on, if philip morris i'm not - on, if philip morris i'm not going to sell but, what will they sell? i have got this other tobacco products, e—cigarettes, a smokers and things like that, various other items you can do but nowhere near the scale of actually marlborough over all ——e—smoker. this is all parts of esd, environmental social and governance, companies need to show notjust their green credentials but the responsibility of their credentials overall to the health and welfare of others so if you are an oil company, you will now be an energy management company, or a tobacco company you will have tobacco company you will have to call yourself something else. this is all towards that moved to make sure that they are now socially acceptable but of course this will affect their potential share price because increasingly we've had companies like inaudible general and one or two others that they unless these companies are seen to be esg they will not be invested in so if you still want to be invested in by some of the leading tuitions than i'm afraid you will have to change your colou

firmÓ ris —— philip morris ha invertido millones de dÓlares para encontrar mÉtodos alternativo para fumarasilo especialmente vulnerables.con estos cambios de ultima hora muchos que tenian citas programadas esta semana, deben ahora buscar donde alojarse en tijuana. hay gran indignacion en nueva york por el violento atropello a una madre y a su bebe que llevaba en brazos.su condicion de salud es seria y de no haber sido por la rapida accion de buenos samaritanos, incluidos dos agentes de policia, el desenlace habria sido otro.el conductor enfrenta graves acusaciones. banca rosa vilchez tiene policÍa que intervinieron, el desenlace hubiera sido otro. reportera: la comunidad estÁ conmovida y no sale de su asombro. lucy es la mejor amiga de esta madre de origen salvadoreÑo que fue atropellada por este conductor ebrio, fracturÁndole sus piernas y causÁndole una fractura de crÁneo a su hija de sÓlo 8 meses. cÓmo estÁ tu amiga? >> ella estÁ bien. se estÁ recuperando, gracias a dios. reportera: ¿y la niÑa? >> no sÉ nada todavÍa. reportera: el video muestra al chofer atropellando contra un vehÍculo

philip morris's ceo joins us in a first on cnbc interview. thanks for joining us.xplains this slight miss is it linked to reopening in any way, or not? >> no. i think it might be, you know, some expectations that we're going to beat estimates, stronger than we did, but we still believe we can move a strong second quarter, for 18% earnings per share growth, despite the fact that the -- the software verse the same pertain last year. we see, you know carnelled large pockets of the recovery. still all factors for consideration. and we initially sorted out at the beginning of the year. most important for you is tremendous progress we are making with products, those account for almost 30% of our net revenue now. we have reached a very important milestone of 20 million users, and that's makes us happy. as we've heard, we have also started -- you know, a couple of those acquisitions, which i guess everyone has heard we are working on, as we speak. >> those -- have probably garnered way mori more criticis. were you surprised by the extent of the uproar? >> i didn't expect t

the reason -- philip morris is spending big bucks developing smoking alternatives, including a product that heats tobacco without burning it. >>> chase center upping its culinary game. the new food fans can expect. that's next. >>> before we let you go tonight, the newest foodie scene in san francisco might just be at chase center. >> our betty yu was mc of today's event when the arena announced its new culinary director, chef chad newman. he has led culinary teams around the world, including stops in malaysia and thailand. the puerto rico native says he'll be bringing some fine dining and asian flair to the menu. the new menus will debut when the arena reopens for a concert next month. >> betty yu get's to go to all those cool events. >> she gets all the cool events. maybe she can bring us some food back. she might. all right. thanks for watching. the news continues streaming on cbsn bay area. >> we'll see you back here at cacalifornia!! all l of our homomes share p p. bubut heat wavaves can strtretr supply t to its limimits. flex alelerts remindnd us wheno use e less energrgy from 4-

being taken over by philip morris, according to the latest update. is known for its legacy tobacco brands like benson hedges and marlborough. there are seeing this as a way to get into the alternative nicotine market. they did recently by a nicotine gum brand, an indication of their efforts there. there was a big jump when we saw the carlisle and takeover offer. that share price could see further upside. anna: we have a whole day to get through, but the next time i see you, it will be monday. it might be bleary-eyed. mark: i might try to get up and wash it or stay up and watch it which will lead to a painful day. before the football, i hope treasuries go to plan first. anna: we will tick those off as they happen. thank you. i'll be back with the european market open next. this is bloomberg. ♪ ♪ ♪ look, if your wireless carrier was a guy you'd leave him tomorrow. not very flexible. not great at saving. you deserve better... xfinity mobile. now they have unlimited for just $30 a month... $30. and they're number one in customer satisfaction. his number..

for philip morris international, tea not exactly cold turkey.hows how consumer behavior has changed so much in our lifetime. >> i can't even think about it. i used to think back about what how things were in the '70s and '80s and we are where now. it's an enormous shift. we're really talking about the united kingdom, which i suppose could have influence around the rest of the world but these companies and their sisters and brothers in the corporate ins structure they have, they're still selling cigarettes in other markets. >> asian markets are still big. those markets that are smoke free have become more popular in developed markets. i don't know if they'll completely replace the old, very lucrative cigarette market but it shows this is certainly under way. >> pushing hi. christine romans, thank you very much. >> you're welcome. >>> a woman is lucky to be alive after a metal pole impaled her car. it crashed through her windshield as she was driving in phoenix. >> i can picture it coming by my face and that feeling. and that's hard to get out of

. >>> the sale of philip morris outside the u.s.at the company will stop selling cigarettes in the uk in the next 10 years. it is part of the effort to become smoke-free. it is separate from philip morris usa. >>> new at 6:00, a pandemic chokehold. the generation of workers being shot out faster than you might think. >>> fans of britney spears speaking out about the conservatorship. the latest calls in san francisco to free britney. things may be different, but at denny's, one thing will always remain the same... our dedication to safely serving guests the food they love. and hey... if you love to feed people too, we want you to join our family. apply at dennys.com today. california, did you know our homes share power? but when we try to stay cool we want yin a heat wave family. our supply is pushed to the limit. but you have the power to keep us up and running! “i do?” yup, we all do! with flex alerts. they notify us when to shift our energy use if our power supply is stretched. so from pre-cooling our homes, to using less energy f

b5 her chief of staff worked at philip morris and is very active, saying we are working with a usa toe medicaid liability bill over smoking, that's how tough she was. >> dana: some people on her staff saying she is basically being held to a higher standard than anybody else and this is not fair. >> harold: she probably needs to hire different staffers. you want smart people, tough people, people who can handle the back and forth, people who don't get afraid with a bad headline and she probably needs to hire some new people. look, some people suggest that she gets heart assignments, that's with the vice president gets. i have not heard the vice president complain about that and we can be critical of other things about her but i think it's unfair to be critical when these people work at the pleasure of the president, there's only one person at this table who had that honor and when the president doesn't want you to work or vice president doesn't want you to work for them anymore you have to move on. this is not about her performance as vice president but i tend to agree with -- simone s

. >>> this major move on tobacco from big tobacco philip morris international said it will stop sellingf phasing out traditional cigarette smoking. they're calling on the uk government to ban cigarettes within a decade saying cigarettes should be treated like gasoline-powered cars with, which are set to be barred from sale in the uk in 2030. >> you have to imagine, they're not going out of business. they'll turn to other products. >> and sign of the times. >>> two amateur fossil hunters made a rare discovery of more than 1,000 ancient specimens in the uk. all with the help of google earth. neuville and sally used the site to potential digging spots during the pandemic lockdowns. what they found at a limestone quarry lead to the biggest discovery of jurassic star fish. they excavated the site in june. the fossils are said to date back more than 167 million years. >> that's cool. >>> this morning an incredible rescue caught on video. we want to warn you, the video may be disturbing. two police officers and bystanders rescue a mother and her 8 month old baby pinned underneath a car that mo

unfortunately the names emerging are clorox, colgate, philip morris, the utilities, real estate investment trusts. all the recession resistant defensive areas are the ones that have been emerging. all the other areas have been submerging. when i see that, i take a step back, relax, take it easy. try not to lose any money and this too shall pass. at what point i don't know but instead of jumping the gun i will let the market dictate. when leadership starts to show up i deal with it. i will say some of this, some of the covid-related stocks that did well because of covid like peloton and doordash, you know, delivery, at home stuff, they're getting money flows today, whether that lasts or not, i don't know that. that will depend unfortunately we have to talk about the delta variant. let's keep our fingers crossed this gets symptommed out pretty quickly. charles: eddie, so far the hospitalizations haven't spiked, the deaths haven't spiked. at what point do you think maybe, another week or two, if that does not happen, we get back to looking purely at fundamentals? i can tell you right now, for

tobacco giant philip morris, the maker of marlboro is said to be planning to end the sale of cigarettese. the plan is part of a strategy to phase out traditional tobacco products and encourage a switch to alternatives such as e-cigarettes. the u.k. government has played out a roadmap for britain to go smoke-free by --. anna: the spanish prime minister has wrapped up a three day tour of the u.s. west coast. he met apples tim cook as well as executives from companies like intel in a bid to drum up tech investment in spain. he spoke with bloomberg's emily chang and they started off by talking about the coronavirus situation in europe. >> what has happened in spain is positive. we don't find any kind of rejection from our population regarding vaccines. this week, we will reach 52% of our total population that is fully vaccinated. we expect to come up before the end of the summer, to have 70% of our population fully vaccinated. we are now starting to vaccinate the youth appeared at the beginning, we focused on the older and the most vulnerable to covid. we are expecting a new phase in our fi

tobacco giant philip morris is said to be planning to end of cigarette sales in the u.k.is reporting that the ceos strategy to phase out cigarettes and turned to e-cigarettes. jackie mason, the rabbi turned comedian known for his irreverent brand of stand up, has died. he was famous for his sharp wit and piercing social commentary on relationships and judaism. he had appearances on broadway and the ed sullivan show and one -- and won a tony in 1988. he was 93 years old. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i'm vonnie quinn. this is bloomberg. haidi: let's take a look at the virus impact in asia. the liv-ex are underway. meanwhile, in korea, -- the olympics are underway, meanwhile, in korea, -- let's start out with philip x. what's the virus situation looking like? >> we had a few more positive cases reported by the organizers over the weekend which have been causing concern here and overseas. most of those who have tested positive under the 2020 testing regime are c

let's talk about philip morris international, the tobacco giant, making headlines over the weekend.rand from all the shops around the country? itruieiiii. iconic marlboro brand from all the shops around the country? well, you said there and _ shops around the country? well, you said there and say, _ shops around the country? well, you said there and say, hang _ shops around the country? well, you said there and say, hang on, - shops around the country? well, you said there and say, hang on, if- said there and say, hang on, if philip morris aren't going to sell that, what are they going to sell? they are the marlborough brand. if that goes, they go. they have other tobacco products. you have got e—cigarettes, various other items. but nowhere near the scale of marlborough overall. this is all part of the move of environmental social and governance. companies have to show their green credentials and the responsibility to the health and the responsibility to the health and welfare of everybody. whether you are an oil company, you are now an energy management company, or if you are a tob

and it's really big tobacco philip morris. big corporations.ul that president biden has been against the legalization of marijuana. i'm grateful that they don't have the votes in the senate for this. i think a lot of people want to say oh, this is just going to happen easily, no, this has been a movement for 40 to 50 years now. yes, it's gained momentum, but i think we can turn the train around. we need to talk about the science and the harms. every major scientific group in the world, and especially in america like the ama, the psychiatric association, they oppose legalization of marijuana. they know the problems with it. so, i'm hoping we can really just like we learned about tobacco, it took us a long time to learn about the harms of smoking. we need to do the same with marijuana. rachel: doctor, i appreciate your voice on this. i'm grateful to the chief of police talking about this connection between violence and marijuana. i know it's not popular out there. makes you seem like a fuddy duddy. but it's true. thank you so much dr. kevin sabet