shares up philip morris -- of philip morris is higher today.n though they are being crimped by the global semiconductor shortage. supply is tight into the first half of 2022. here to discuss the result is the international ceo. we have been talking about this for a couple of days. it's interesting that a big tobacco company has a chip shortage issue. as we move into the electronic smoking age, you need these things. how much of a crimp is this putting on your future sales outlook? >> i'm happy to be here. it will depend on electronics, but if you want to make a better and safer product -- electronics control the temperature. this is critical in our business. we have had a spectacular year [indiscernible] with growth at six point set -- [indiscernible] but the fact of the matter is, the shortage of the semiconductor has hampered our ability. we cannot really conduct competitive activities. we could see [indiscernible] our business. despite the fact that we are about to see strong results for the year, we know now that we will see better results

philip morris had been down earlier sharply.hey beat both top and bottom line estimates, but the supply chain weighing on philip morris as well in the form of semiconductors for their heated cigarette smoking devices. they are going to have a bit of a shortage, and they had to bring in the profit forecast. investors looking past that to some degree. halliburton beat top and bottom line estimates, but that stock is down just a bit. the ceo saying the company is well poised to benefit from the energy crisis. investors not seeing that today. finally, bny mellon beat, but the stock is also lower. let's take one look at the stock that the last time i looked, was up nicely. johnson & johnson up 2.2% after they put up a very good quarter relative to earnings. he missed sales a little bit, but adjusted earnings very strong. the vaccine forecast held the same, but they did raise the full year profit view, so it seems as though johnson & johnson, based on what i last saw, this affect it by supply chain issues affecting some other companie

we're supposed to call philip morris altria, after all the cancer. and now as of today were supposed to call facebook, meta. okay. it will always be value jet to me. and, this has been such a jam-packed news day, that is only like 25 different things that could be the big above the fold all caps headline in any newspaper tonight or tomorrow morning. today the justice department announced that they have settled a group of lawsuits, that were brought by the survivors, and by the families of the victims who were killed, at the mother emmanuel amy church and sorrows in south carolina back in 2015, white supremacists fantasize the number 88. the letter h is the eighth letter of the alphabet. 88 to them stands for h h, which to them stands for hail hitler. they love that number 88. it was an avowed white supremacist who said he was trying to start a race war in america, when he took a 45 caliber pistol, and walked into the mother emmanuel church in charleston. folks there invited him into bible study, they prayed with, him and then he pulled out his gun an

philip morris was vilified, the original esg was taking cigarette commercials off the broadcastworks in the late '60s, and then philip morris got vilified and they were the best performing stocks in the next 40 years. they're on the way to getting there, but most are not close to being vilified at some point elizabeth warren will have occupy palo alto going. >> right this is why you think antitrust becomes a bigger headwind here we know you are staying away from them. we know you still like the homebuilders let me talk to you about oil stocks because there's two ways to look at this right now and i think exxon is a perfect example. we have oil prices back to 2014 levels back then exxon was one of the biggest companies in the world today its market cap is a third of teslas. i know you will take issue with the market cap of tesla, but point being tesla is only worth $250 billion, the size of a chip maker these days you think the stocks will catch up to the oil price. others think there will be secular decline in oil demand starting in a very few years and that's why theoil compani

bitcoin-linked etf. >>> shares of philip morris lower today.ting expectations but did warn the global chip shortage will weigh on sales growth which is where all the growth is i caulk talked to the ceo about the results and how to navigate the supply chain issues. >> for the results would have been better if not this issues which we have around the supply chain. you know, the semiconductor shortages, et cetera i think the wings could have been spread broader without the issues on the supply chain we'll see towards the end of the year what will happen at the beginning of the next year but i'm optimistic about the bright future. >> it's interesting. you don't typically think of tobacco companies affected by the chip shortage. explain how that works and how severe it is impacting you. >> we cannot really conduct the full commercial priorities and we focus on retention of smokers who have swifed. it's a highest con vefrgs rate above 50% in a way that the smokers don't go back to cigarettes it's very important that they have a continuity of the supp

ruffo and a partner pretended they were working on a top secret project for philip morris on smokelessa fake company seal and forged signature, they managed to convince seven different foreign and domestic banks to lend them $350 million in 1996 ruffo got found out. somebody contacted philip morris and realized none of it was real, so the fbi swooped in, sentenced him to 17 1/2 years in prison but that's not where the story ends the day he was supposed to report to prison, ruffo instead rented a car, hit an atm, drove to jfk airport and hasn't been seen since until, authorities thought, at that dodgers game. but now we know it turns out it wasn't he. u.s. marshals today located and fingerprinted that dodgers fan and determined he's not their man. and john ruffo is still on the lam. >>> satellites, they beam your favorite show into your home, they help guide planes and boats, but companies also use them to track climate change in one case, uncover suspected nuclear silos in china nbc's jake ward on the space race to solve some of earth's biggest problems >>> james bond, no stranger to t

you know, philip morris did this, other companies did this. it's going to be interesting to see whether it works for facebook because facebook as a company is so closely tied to mark zuckerberg and his image as the genius founder and the chief executive. mark zuckerberg is still in control of meta or facebook or whatever you want to call it, and i do wonder whether people will accept this name change and this idea that it's a fresh new company turning over a new leaf when they know mark zuckerberg still sits at the head of it. >> sreenivasan: sheera fnkel of the "new york times," thanks so much. >> thank you so much for having me. >> sreenivasan: tonight, we continue our occasional series on guaranteed income. it's a simple but sometimes costly concept that is now being tried in at least 34 cities and counties. the payments, usually a few $100 each month, go to needy residents, no strings attached. we reported on one of the first pilot programs in stockton, california, in 2018. this past march, we looked at a program in hudson, new york, where

authorization by the fda almost immediately you had a spike in the groups volume is up half 8% you see philip morrising point is flat to slightly higher where british is down half 8% the fda did didn't i for flavor products and mental flavor products are being evaluated they think companies are feeling the effects as we mentioned and we will be watching the stocks in the fda approved the marketing for some of the e-cigarettes third-quarter earnings season, j.p. morgan reveals before the opening bell ahead of the financial giants outspoken jamie dimon making waves in the curved community diamond dissing bitcoin during a virtual conference, listen to what he had to say. >> i personally think bitcoin is worthless, i don't care it makes no difference to me. liz: he could not of been more blunt he calls it worthless and the regulator trip to currency gary gensler a bit less direct while he has been outspoken about the need to regulate the crypto craze the sec approved the first etf with exposure to companies that hold bitcoin, the vote crypto industry revolution and tech etf btc are and give them indirec

but he said it is like philip morris change to go altria.aring in the mocking of the facebook chief for this move. month you about beta not meta. >> berman was up watching a game. and i was up watching twitter go crazy. >> donie had some funny tweets. >> there is no joke that that can be made that wasn't made better on twitter. >> do you draw a laser on the criticism? >> if the goal and distraction was ridicule. if he would prefer ridicule on the focus of other things, maybe it worked. i'm not sure. >> i think it compounds the problem. . >> in general, a lot of people who cover the companies found it tone deaf. when you are on two continents, potential real regulation to your business, it seems sort of out of the virtual blue. >> how about you deal with your problem by addressing your problem. just a thought. i don't know. >> throwing that out there. >> i'm just throwing it out there. christine romans, thanks so much. "new day" continues right now.

when philip morris decided all the moaning and groan and hacking was hurting its company style, he decided to become altria. that sounds way less smoky, altria. you sound like a dust mop, except one that gives you lung cancer. >>> when president biden picked a new chief for the federal trade commission, he picked the youngest leader in ftc's history, a young, brilliant academic who literally made her career challenging the market share of giant tech companies like amazon and the artist formerly known as facebook. the ftc has these big tech companies in their sights under the biden administration. the ftc has already asked a federal court to break up facebook. after a senior facebook employee recently spirited thousands and thousands of documents out of the company, documents that appear to show the company's internal research about the effects of its own products, that research was totally at odds with the company's public statements about the same matters, not to mention their statements to regulatory agencies. after all that has happened, in the wake of all of that, in the wake of dozens

you have companies like philip morris, value jet and blackwater, when met with public criticism, theyo try to change up the pr mood. new coke fizzled in the '80s, the company ceo to record a maya culpa. >> we didn't know how many of you would phone and right asking us to bring back the classic taste of coca-cola. we read and we listened. >> they had no idea how many of you would phone and write. if you update that for today, they have no idea how many of you would post on facebook or, well, whatever you call it. we'll keep you updated on what, if anything, mr. zuckerberg says or does about this issue. that's an update on tech. >>> we go back to where congress has plans to try to jail steve bannon. committee member and congressman adam schiff is here next. ♪ ♪ the progressive family ♪ ♪ they're helpful but annoying ♪ ♪ they always leave us snoring ♪ ♪ accidents are boring with the progressive family ♪ so, when do you all go home? never. we're here for you 24/7. morticia: how terrifying. protection so good, it's scary. "the addams family 2" now playing everywhere. ♪ ♪ there are beautifu

high profile name changes following hideous scandaling like black water renaming itself as z or philip morrisw. if you ever miss an episode, you know what you can do? listen to the lead wherever you get your podcasts. our coverage continues with mr. wolf blitzer who's live from rome. >> happening now, breaking news. president biden is on his way here to rome for a high stakes global talks at a watershed moment for his domestic agenda, his presidency and party. he unveiled a framework for his scaled back spending bill before his departure and warned fellow democrats of the consequences if they don't get on board. tonight, speaker pelosi is f

facebook is a philip morris of our time. the doj and fbi must investigate facebook immediately.anybody is found to be culpable in the death of americans, particularly children, they should go to jail. full. so many people are dying as a result of exposure and it being taken advantage of by social media. somebody needs to be held accountable. there are people, not algorithms, that are allowing these things to happen. if these things were happening with the knowledge of people at facebook or any other social media company, they should be held accountable to those kids and to his parents who are losing kids. i guess, it's a parent's responsibility, but you don't see every single thing your kid does. we count on the american government, limited government, to do things that we can't do and hold his behemoth multibillion dollar companies accountable. not hurting and praying on children is what we expect merrick garland to do rather than going after parents at school board meetings. >> kayleigh: while we have talked, one person has just died of eating disorder. absolutely, those execs

which became alphabet in 2015 but thanks to marc beneoff the more appropriate one, julia, may be philip morris. i know a lot of memes and jokes floating around twitter what this name could be the obvious question, who thinks this will work we're talking about google and alphabet and alphabet parent and it's just confusing for us reporters. >> right i hear you, deidre i think what is so interesting here is what is the message facebook is trying to send with this name. yes, of course, they're trying to distract from the headlines is that going to help them avoid regulatory scrutiny? no will it help with consumers? we'll see. there already are a lot of people that don't understand that instagram is not part of facebook then, of course, this question of what this new vision for facebook is going to be. they talk about being a metaverse company and this announcement is expected at this facebook connect event that is scheduled for next week. the website for this event makes it look like this sort of psychedelic thing. it doesn't look at all facebook oriented all about ar and vr. pretty cool website

this week, philip morris said it may see a reduced sales of vape pens because they can't meet the demandes its bread and butter, really, is in selling computers. they said this week that they're having trouble with the -- with computer supplies, not because of necessarily the chips in the computers but in the components getting manufactured because of all of the shipping delays. if you take a look at the demand for these things, worldwide, it is soaring to record levels. in the month of august alone, according to the semiconductor industry association, a 30% jump from a year ago to $47.2 billion and nowhere does this come into play more than in manufacturing a car. >> even cars, like, it -- you got a thousand different -- if you can't get like a 50-cent 8-bit microcontroller that controls your seat motor, you may not ship your $50,000 automobile because you can't get your 50-cent part. that's what we're talking about. they're ubiquitous and that's only getting more. it's not like society's going to be using less semiconductors. it's getting more, not less. but they're in everything. >> r

who knows who the ceo of philip morris is right now. that's a similar tactic here.rth billions but you couldn't hire a company for pr awareness. >> so casey, what does the future of meta look like based on your reporting? >> well, we know it's going to involve trying to solve a lot of technological problems, right? so these head sets need to get better displays, and they need battery life that lasts longer, and the glasses are even harder to build. they have to build all new optical technology to help project images that we can see and interact with. that's what they are going to try and build. of course, there are a lot of reputational issues to deal with, and a lot of regulatory issues they have to deal with, but they want some kind of new rallying cry for the company to get excited about, and they think building this new technology and recasting the company as innovative will be the thing that does it. >> robin, in addition to the possible reputational protection, is there any legal benefit to a rebrand like this? >> i am not sure that works. i know, for example,

investors are waiting results from j&j, proctor and gramable, interactive brokers, and philip morrismorrow we will also discuss steel dynamics' results and the outlook for steel prices when we are joined by that company's ceo and also looking forward to netflix, which always crosses -- >> during our hours. >> during our hours, and will be interesting to watch tomorrow. >> yeah. stock got an upgrade today i think people are very much expecting good upside to subscriber numbers if you look at the inputs, the google search data and everything else, it seems like it but the stock has already run. that's the question, whether the markets havebeen saying that and the excitement over "squid game" and other things, having, i think, maybe you've got to the anniversary point of, you know, hbo max launching disney plus, catching its stride and it was not much of a threat, at least not yet in terms of churn for netflix subscribers. >> i will be watching p&g. it's lagged the market this year and the index. it's still trading near high that's key for supply chain issues and pricing that's the stuf

. >> if you look at other corporate name changes, you go back to philip morris when they needed to change their name to save their reputation. >> think about alphabet. when they changed, google changed, it was to focus on futuristic problems. alpha said, we're going to cure death. that never happened. it's something to watch over the coming years to see if this metaverse makes any progress right now it's science fiction the technology to do it doesn't even exist it's vaporary at this point. >> we still think of it as google it's kind of even annoying for us its ticker is goog the only difference is it's a bit annoying. >> it's a mouthful. >> we'll see certainly they are committed one way or the other to building or being a big part in building the metaverse, steve, thank you. >> thanks, guys. >>> let's turn to washington where president biden outlined a new framework on his plan for social spending. kayla. >> this framework is what moderate senators joe manchin and kyrsten sinema have said i'm told the rest of it is still under discussion here's where this agreement stands right now there

like dunkin dunkin' donuts goino dunkin' or if you look at philip morris not wanting to be associated other route. we can go through a lot of them and saying some of them were trying to take recognition of their new and expanded business. but this is a wholesale retreat from a name that everyone knows. and the flip side that they will still know what and who you are, right? >> correct. and, you know, with the name facebook right now, that is not carrying a lot of goodwill at this second. as i said and you said, especially with politicians who have the bully pulpit on a daily basis pounding away at them and then don't forget the whistleblowers, now more than one, that are coming out of the woodwork where they're all saying that they it profits over the safety of this country. and that is meaningful. so i guess this is an okay move on their part, but it is not going to change anything. if they do the wrong thing, it's going to be bad news for them. if they get their act together, it'll be better. it's now going to be on zuckerberg to see what can come of it. we hone own no stock in face

jorge: una de las viviendas pertenece a philip y marÍa morris, se desconoce el estado de salud de laden que ahora se prepara para mÍ te regles que exija la vacuna o pruebas semanales de covid en empresas con mÁs de 100 trabajadores, la orden de abbott incluya empleadores privados, en respuesta varias compaÑÍas conceden texas, entre ellas american e saint preux dice que cumplirÁn con el mandato federal. satcha: a mÁs de un mes de su desapariciÓn hoy se revelarÍan algunos de los misterios en la muerte de gaby petito, autoridades divulgar en el informe final ante la autopsia, la que incluirÍa la causa de fallecimiento que ya se califica como homicidio. el enigma se profundiza con la bÚsqueda de su novio en una reserva natural de florida, el padre de gaby dice esperar que lo encuentren con vida para que responda ante la justicia. karla: aumenta la frustraciÓn entre los pasajeros de mÁs de 2500 vuelos cancelados de southwest, como te informamos aseguran que las interrupciones se deben a clima y a problemas de control de trÁfico aÉreo, pero tambiÉn sabemos que el sindicato de pilotos no es