about a month ago carter and mike laid out a way to play philip morris for some consumer related gainsbasically a very symmetrical orderly bottoming out process and the presumption is the stock is going to return to or close to its all-time high >> so i was looking out to march, the 100 strike puts, those were trading at about $2.65 or so. when i was looking at this earlier today, so you would sell that put, collect $2.66 it turns out per share. if you sold that >> philip morris has made some big swings and now down about 2% but still in the green for the trade. carter, your thoughts from here. >> that's right. we've got a nice pop about 8% i guess. we've given that back. on the chart basis it's simply returned to the level where it was interesting in the first place. if you're not in, i would do some buying. >> so, mike, what are you doing now? >> okay. so for those who may have put this trade on, the first thing is that on february 17th you had made virtually 80% of all the money you possibly could have collected. that thing traded down to about 60 cents or below. and probably folks

if you sold that >> philip morris has made some big swings and now down about 2% but still in the greenhoughts from here. >> that's right. we've got a nice pop about 8% i guess. we've given that back. on the chart basis it's simply returned to the level where it was interesting in the first place. if you're not in, i would do some buying. >> so, mike, what are you doing now? >> okay. so for those who may have put this trade on, the first thing is that on february 17th you had made virtually 80% of all the money you possibly could have collected. that thing traded down to about 60 cents or below. and probably folks who are in that situation did the smart thing, then, and covered that short put. if you did so and wanted to reinitiate that trade i would, only i would choose immediately out of the money strike and i would go one month further out a little bit more time has passed, we're benefitting also from the fact in the meantime imp plied volatility as the price of options has increased, and of course philip morris being the international side of the tobacco business, they may want to s

. >> philip morris international. philip morris international. >> philip morris. >> they do not mind smoking russian sirks evidently. but for a billion dollars annually, 1.5% of russia's revenue which they provide and do nothing about live in the country. we think that's unacceptable. >> what more do you want from western countries, nato countries, the united states and their allies in this short of a no-fly zone, as we mentioned earlier in our discussion. they're not going there right now. what more do you think is needed on their part right now? >> well, first of all, before asking for more, i need to express my sincere gratitude to american people for the aid that we already received. so the sanctions that are $14 billion are extremely big help to us. but we do ask to press all the buttons, everything that we can figure out. this is not just about human suffering. so the cost that we imply on putin for this invasion are the standard of costs for any potential invasion of other dictators to other nations. putin is t

philip morris is exercising options to exit the russian market.s already reduced manufacturing operations and canceled product launches in the country. daybreak asia is next. this is bloomberg. ♪ if you're a small business, there are lots of choices when it comes to your internet and technology needs. but when you choose comcast business internet, you choose the largest, fastest reliable network. you choose advanced security for total peace of mind. and you choose fiber solutions with speeds up to 10 gigs to the most small businesses. that's virtually everywhere we serve. the choice is clear: make your business future ready with the network from the most innovative company. comcast business. powering possibilities™. haidi: a very good morning. we are coming down to asia's major market open. kathleen: welcome to daybreak: asia. our top stories this hour. president biden once russia booted from the g20 as the u.s. and allies won moscow against using chemical weapons. asian stocks set for a steady open with real prices in focus. investors

philip morris is working on options to exit the russian market following the invasion of ukraine.ette maker says it has decided to leave because it has become too complicated to do business there. invesco has dropped its demands for a special eating of z entertainment shareholders, paving a way forward to close its merger deal. invesco, which is the top shareholder, has raised corporate governance concerns and taking its request for a meeting to an indian high court, but it now says the current merger patch addresses those issues. the ceo says it's deal with sony will create a $10 billion media giant. deutsche bank's wealth management business has stopped accepting russian clients living abroad following its goal to wind down business in russia as a result of the invasion in ukraine. holdings by russians have come under scrutiny. chinese ev maker neo has posted a fourth-quarter mist. it has faced intense supply disruption across a number of disk -- across a number of categories, like its rivals. it finished the year with around 25,000 vehicles delivered. rishaad: let's get to the

high exposure to europe include meta. 24% of sales derived in europe ab accenture on the list and philip morrist has about 49% of sales in europe and shares down about 7% so far this month overall, europe is the second largest market for s&p 500 companies. followed by asia the other question, of course, over time whether this conflict, how it plays out and if it will push more multi-nationals to scale back their investment across europe. that type of clarity will likely get during the next round of earnings. >> any international markets goldman was bullish either as a result of this or sort of if looking for other places to put that money to work >> interesting at the msci reclassifies russia sees more forward inflows into brazil $14 billion since december in fact, the best performing global market so far this year up about 10% a lot compared to where the s&p 500 is sitting clearly due to the rising commodity prices seeing. one market starting to see more strategists put calls on still need clarity how the market will take advantage of the rise in oil prices. >> glad you brought up brazil. what

philip morris, the maker of marlboro cigarettes, just announced plans to scale down operations that's because in russia, cigarettes make up 90% of the food pyramid [ laughter ] >> steve: potato on top. >> jimmy: you know you messed up when even tobacco companies are like, "we can't be associated with you. [ laughter ] well guys, today president biden signed an executive order to establish the first ever strategy from the federal government to regulate cryptocurrencies. i'm just worried now that the government is involved, it'll feel like your parents joining facebook all of a sudden, it's not cool anymore, yeah. biden wants to regulate crypto he's even looking into creating a digital dollar it'll look exactly like the regular dollar bill, except george washington will be replaced with an ape with sunglasses [ laughter ] meanwhile, president biden met with business leaders today to discuss a microchip shortage it's kind of a complicated subject, but biden basically wants to invest billions of dollars in silicon chip production to make sure america is leading in the tech sector. it make

philip morris has reduced manufacturing operations, suspended marketing and canceled product launchesuntry. softbank is said to be seeking a valuation of $60 billion when the chip designer goes public. it is aiming for a higher amount. kathleen: toshiba says nothing has been decided on a plan to take itself private after media reports say it was weighing just that. let's bring in bloomberg's tokyo stocks reporter. this is such a fascinating story. did it sort of come out of nowhere? what is going on and what is next? the initial reporting was based on a nikkei news story. the possibility is quite new. i don't think it was as expected. you will see how shareholders and investors will react in a couple of minutes but it is very difficult to say if this is something that is going to happen because like you said, toshiba shareholders yesterday rejected proposals to either split the company or consider alternative options including a potential sale, which brought everything to ground zero. many had thought toshiba would push ahead. haidi: we'll be watching that at the market open next. thi

example, 9% of revenue is from russia and ukraine you know, you look at some pretty big numbers philip morrisevenue so, those are not insignificant numbers and/or decisions for those companies as we take a look at the broader market, which is well off its lows the nasdaq now already -- not now, already in positive territory after, of course, futures an hour or so ago looked to have a deep in negative territory. but we have had a broader recovery at this point morgan, unclear exactly what's behind it. perhaps some people reading into the latest ask from russia in terms of this third round of negotiations or talks, i guess we should call them, at least there is an ask. not that the ukrainians will have any interest in accepting any of those terms, but perhaps seeing at least something of a positive >> yeah. it certainly seems to be something of a positive this morning. we'll see how the day plays out as well, because we have had a number of days had a lot of very volatile sessions for a number of weeks now and we have seen days that started relatively strong or we have started to or started low

limited partners such as names like amgen, believe it or not, biotech area blackstone, conagra, philip morrisso quite a few names that are attractively yielding for investors who want to buy for the longer term. >> if those are the types of stocks, sam, you actually think are ripe to perform well in this environment, i mean, does that implicitly say that the more speculative areas of the market that have been knocked down so much remain kind of off limits for now? or is it just a different mode we're in >> i think that also depends on the kind of investor you are if you happen to be an investor who wants to really take advantage of things that are being beaten down, well then you probably do want to be looking to some of the semi-conductor areas. those that have fallen the most, those subindustries within the s&p like auto manufacturers, home furnishing as well as i.t. consulting these are companies that have really been beaten up. and certainly, there could be opportunities there that you might want to do some bottom fishing. but for somebody who is looking to have a little safer route, i wo

philip morris, the cigarette maker, marlborough, looking at options to exit the russian market. have some effect. the freeze on student loan payments is set to expire may 1st. dozens of democrats want to extend the freeze until the end of this year. we have a report. american express accused of teaching their employees racially divisive policies. a new campaign to expose what they are doing. he joins me next. stuart: up 228 points, that's the dow, up 138 points, that's the nasdaq. i called at a pretty good rally. movers, chipmakers, where do we go? lauren: nvidia is the largest chipmaker in the world. amd as well, this is after the ceo said he would be open to teaming up with intel, if intel turned into foundries meaning you don't design the chips but just make them according to the other person's design. intel is building up that 20 billion-dollar multiple plant facility. really impressive. stuart: that is why intel is on top of the leaderboard. susan: and the global chip shortage, the supply, whoever can supply the chips. blue one treasury yields, where are we? susan: the high

the cigarette maker philip morris is suspended investments and scaling down manufacturing.ments there, procter & gamble, pampers diapers, capital investment in russia. significantly reducing their portfolio because they want to provide basic hygiene. it begs the question of corporate suicide to stay in russia on moral and ethical grounds or is there a middle ground because companies want to support the innocent russian people and all of this with basic goods like diapers and of. stuart: it is completely changing the look of russia. the man on the street and the woman on the street sees a different set of circumstances, different stores, restaurants and products all over the place. that is a real difference. let's get back to the market we have the rally going on the dow is up 600. the nasdaq up 333. plenty of greed on the left-hand side. marchetti cares to me we invested work. it seems like it's been turned upside down. what do you say? >> july 7 they said china is on investable recently i said russia is on investable. they came out and said that they thought they were goin