the top five stocks make up 50% of the weight, those are pepsi, coke, procter & gamble, phillip morrisnd walmart the best one on the year is unchanged on the year. the worst one, phillip morris is down 23% on the year i'm not holding my breath for any of those names to drag this sector up a little bit i think pepsi how it reacts next week, the options market is not imploo implying a big movement. how investors take it could be interesting. earlier in the year it was very volatile margins were getting pressed a little bit this group trades expensive to the broad market here. as i think about the chart and the technical setup here, look at this uptrend since tler2011 it just got rejected there i want to play over the next couple of months or so for a move back below 50 bucks here. so very specifically the trade when the stock was trading at 5385, that's the xlp, you could simply look out to november expiration by the november -- those break even at 5310, down about 1.5% mike was talking about the equal weighted xrt and why he wanted to spread it there's not a lot of idiosyncratic -- this

the top five stocks make up eye% of weigh pepscy coke, proctor and gamble, phillip morris and wlrnlt process. all i've stocks act badly .best on the year is unchanged on the year the worst one phillip morris is down 23% on the year i'm not holding my breath for any of those names to report q 3 earnings and drag this sector up lab. so i thinks pepscy how it reacts next woke the options market is not complying a big movement 2% in either direction. but how the stock reacts how investors take it could be interesting. earlier in the year the group was volatile input costs went higher you know and margins were pressed a little bit this group trades expensive to the broad market here. so as i think about the chart and the technical setup here, look at this uptrend since 2011. it broke it earlier in the year when things started to getted about. just got rejected there. i want to play over the next couple months or so for a move back below 50 bucks here so very specifically, the trade when the stock was trading at 53.85, the xlp you could simply low back out to november expiration by the nov

. >> but phillip morris says it has no plans to enter the cannabis market. the ceo says the company has enough on its plat adding it is tasked with the challenge of getting traditional smokers around the world to switch to smoke-free tobacco devices a growing par of phill morriss's business. >>> elsewhere a new report says electronic cigarette u.s. is soaring among teenagers. the wall street "wall street t journal" say number of high school students using theci e-garettes has risen 75% in the past year. betsy mckay who could wrote the article jns us tonight. and the fda is paying and trying to stop what scott gottlieb calls an epidemic, right. >> that's right. last week the fd said it was starting to -- considering the ng flavoring in products in e-cigarettes because that's a real draw for teenagers. >> s. and it has ultimately addiction qualits to it. and that can lead to very difficult health challenges and costs down t road, right? >> that's right. i mean, the products have a lot of nick teen in them. they certainly aren't cigarettes. t they don't hav tox

i'm not calling up predictions in the same way as phillip morris.ortant possibility for smokers to convert. it's to our shareholders as well as we shift brokers to my blue. we are going to be driving the taping opportunity because our tabak oh is very much -- he does he is a much additive to imperial as well. matt: it's no secret that young people across america are looking forward to being able to vape thc, marijuana products. it's an obvious sell. are you going to get into this space? we are at thek moment looking to understand this space. we are u.k. property and you have been commenting earlier, the constraints in europe around investments in cannabis currently. in ave a small investment business called cannabinoid technologies. we want to improve understanding in the space at this time. there are a lot of constraints in terms of per dissipation in the u.s. and cannabis market. it's an evolving space. talked about your small exposure at the moment. we have consumer companies talking about getting involved now. not legal in most places. what exci

phillip morris cut its full-year because of the currency prices in argentina and turkey. argentina and turkey. argentina says we will not have any growth at all and will be tough. turkey is saying we're doing just fine and will keep growing. it is not clear yet that argentina is getting a break from it. alix: we will be watching this story. coming up, key takeaways from meeting withtember gary stern. in the markets, a little bit of movement in the equity markets, now unchanged on the dow. bank all about the italian being off by our 2.5% as the markets they just budget deficit that might not make its midnight deadline. this is bloomberg. ♪ alix: the fed hikes, and president trump is not happy. they tried to engineer a soft landing. president trump says he is not happy about that. and italy's budget meltdown, the clock ticking. by midnight tonight, leaders may push for a 2.4% deficit. wtf cuts its trade growth forecast and says it is critical for governments to work through their differences and show restraint. welcome to "bloomberg daybreak." 27.sday, september i'm alix st

phillip morris cut its 2018 forecast due to merging market currencies mccormick mentioning currency head winds conagra with an inflationary environment. i look at shares of carnival, its earnings beat. it issued weak guidance. unusual for carnival it comes as cruise operators face more competition. so far in 2018 carnival shares have been trailing its peers emerging markets, seven straight days of gains for the pdm. thanks to the weak eer dollar. the argentine peso is re3w0u7bding the imf boosting the bailout to $57 billion. that reduces the risk of argentina defaulting in 2019 courtney, back to you. >> thank you very much, seema. appreciate it. september historically is not really a good month for stocks but the dow is rallying and it's up 2% this month with two trading days left. what catalysts will keep the rally going and what are the best ways to play the market now. value or is it still growth? joining us ernesto ramos and ben cates, chief investment officer at hpm partners. ben, i'll start with you normally we're a little scared in september but it has proven to be a different sep

morris was found daddy. >> i'm just sick. i'm nauseous. 20 minutes later i get a phone call. >> sheriff's deputies were looking for their mother tina. >> tina was at a friend's house. both chief phillips and brittney headed over there. >> come comes to the door. she looks at me and is like it's brooke, isn't it. >> i'm like yeah. >> how did you know? >> i knew it had to be because brittany was there, you know? so it had to be. >> i've delivered more than my share of death notifications, and this particular one was -- i'll never forget it. >> i asked her to sit on the couch and we sit there for a second and i said, "you know, we're -- is brooke morris your daughter?" and said, "she is," and i said, "well, she's been murdered." >> she passed out cold. so we had to get her to, you know, come back to. and i think we were just all shocked. >> reporter: when tina came to, she could hardly process what had happened. >> it was almost like it was not real. you know, "you've got the wrong person. it's not her." >> reporter: but it was real. brooke was dead. she'd been shot three times -- once in the neck, once in her chest and an execution style shot to the back of her head. >> i could not beli