phillip morris which sells marlboros and other brands overseas this is pm philip morris has 5.4% yield's exactly the kind of bond market alternative stock we're talking about here moreno said that it's been stuck between 74 and 76 for the past few months kind of in a range phillip morris has been forming a -- it's forming a an inverse head and shoulders formation like an upside down person this is one of the most reliably bullish pattern in the chart book well, then there's the moving average convergence to divergence, the oscillator up top. it's a powerful momentum indicator that helps technicians detect the changes in the trajectory before they happen. if it's coincidence what good would it do? it's made a bullish crossover, last month it's been roaring higher and now a positive development plus we talked to the chacon money flow which measures the buying and selling pressure. it was very positive in august you can see this and stayed that way for a while and moreno thinks there's a lot of buying interest in phillip morris international we have this, we do this and we get a positive

. -- weexpecting regulators move now to phillip morris. it is expecting regulators.ing on a tobacco products. thank you so much for joining us. the fiveighted promises of aikos. tell us what is the transition right now. is this a shift from true -- traditional cigarettes to what? >> first of all, thanks for having me. here in tokyo because japan is the largest market for non-heated tobacco products or smoke-free products. aikonounced the launch of made ever. aikos we today, one billion people smoke around the world. many of those are not in asia. alternatives that are much better for their health and ,he people around them exist with some of them and others in the market. i think this product should be made available for these men and women who smoke and the faster the better. scientifice all they expectations of the product. they submitted, as you know, to the u.s. fda for approval. yvonne: yep. >> yes, there is debate whether this product should be available to consumers. but like any other product category, the fee have a better product -- if you have a better pro

phillip morris did have higher sales may make marlboro cigarettes. was up 4%. show it to me now. philip morris there. a 4.5%. three bucks higher. look at the gap. there's a gap where the gap. i'm not sure actually. jpmorgan putting a sell rating on the stock. continued weakness in sales not doing the stock much good. down 5%. 25 bucks a share. the caravan 4000 people could be arriving by election day and the president is laying down the law on this now. and he will call the military that's what he says is going to do. coming up he says the caravan would get people fired up at the polls three weeks from now. president trump's approval rating at 47%. is the president style beginning to work? it's showing in the polls. stay with us, please. this is the third hour of "varney & company." ♪ the economy doing better than it has in history and they don't talk about it. that's because they have their opinion and the to keep their opinion going the way they have. they do not treat us fairly. i can talk about it myself. stuart: when he does. i was president trum

i am looking at phillip morris. that company is cutting its full-year earnings forecast. they now see the high in the full-year earnings at $5.02, the low end of what they had seen before. it looks like shipment volume is down, latin america, canada. you name it. again, the pressure as we talk about what it means when you have bad press, movement into pot and cannabis stocks. david: it is a challenging industry. they made more money. $1.44 as opposed to $1.28. alix: that seems to be what the market is looking at come up 3%. in the market, for risk appetite. s&p futures down 10 points. up, a broadly weaker dollar story. hitting the lowest level in two years. the shanghai composite is down -year low. we are near a one-month low. it is an inventory story in the u.s., a far cry from the geopolitical conversation on monday. david: at 8:30 a.m., weekly jobless claims. the fed speaking at the harvard club. after the bell, earnings season continues with paypal and amex reporting third-quarter figures. now it is time for the bloomberg first day. by our chief equity strategist and

let's take a look at the names we all know and love take a look at phillip morris international. 16%f the overall revenue picture. also tiffany and company on the luxury jewelry side of things. it is a very key market for them nike a big competitor gets 14% of its sales from china over there. boeing is from china and then chevron on the oil and gas side of things. so a number of big very well known s and p 500 companies do a lot of business in china could they be some of the ones investors look towards as it starts to play out with regards to tariffs and the biggest economy in the world and the second biggest economy in the world. back over to you >> thanks very much for that trade tengsions are one of the factors. sarah has more on that report. >>> the global economy won't be as strong as expected this year and next the fund predicts the world will grow 3.7% and it is good and slightly worse than 3.9% forecast that the fund put out why the change trade tensions and tariffs also the slow downs we have been seeing in the immerging world and the stimulus effect starting to wear off. i

it includes phillip morris we'll show you this chart right here the tobacco company with revenues this month. walmart the global retailer seeing gains of more than 6% pretty good stuff there. walgreens seeing some stuff this month. a real lay great month but not all of them are created equal. colgate is one of the wos performing in this sector. a miss on revenue last week. monster also down more than 12%. still other companies having an exceptionally strong month its report showing some of the best sales gains in five years the stock on track for the best month in five years. looking forward investors looking to see whether these consumer giants, if they will keep this growth going dow component, coca-cola reporting earnings tomorrow. dealing with a trend that are moving away from sugary drinks something to keep our eye on back over to you >> it will be a busy week for consumer earnings. thank you. >>> dow entering correction territory. joining us is chad from washington cross and mark from j and p. consumer staples has been your favorite group s. this what you had in mind? >> yes we h

having said all this, somebody said today, i thought it was the perfect example they say it's the phillip morristime. starbucks is basically gotten most of the population to habitua habituate to their product it's slow and steady i think as a long term, it's a tremendous hold. short term,i would rather be selling 50 all day long. finally the last positive component is they have a $25 billion buyback program. and that's going to be very positive for them. it's a third of their capitalizations. a major bid underneath the stock. >> all right guys, you pretty much hit it from all angles. i appreciate it. head to our website or follow us on twitter >>> here's what's happening at this sour. speaking at the white house mike pompeo professing optimism over his recent visit to pyongyang and his meeting with north careen leader kim jong-un. >> i returned late last night from north korea from a trip where we made real progress. while there's a long way to go and much work to do, we can now see a path to where we'll achieve the ultimate goal which is the full and final verified denuclearization of north kor

nation consumer staples on a hot streak tracking for the best week since 2011 proctor & gamble, phillip morrisor ox surging on the week and leading the s&p. is this traditionally defensive group poised for bigger gains? our guests join us to talk about that mark, obviously the stocks perked up. today proctor & gamble perked up suggesting there is power in household products is this a group staying in knave for a while do you think. >> i don't think so. i mean volatility has come back to the market in a big way with the big daily swings and shaking investor confidence a little bit. the s&p is about 5% off the all-time high. and you have seen higher multiple growth stocks pull back more than that and consumer staples are a defensive sector i view this mostly as a risk off move let's put things in perspective. consumer staples have a great week but down about 4% there is mean reversion happening a as well. look close at proctor & gamble and the organic sales up 4%, more than double what analysts expecting, that was driven by the beauty products up 7%. but here is our take i mean we certainly woul

i am looking at phillip morris. that company is cutting its full-year earnings forecast.