let's take a look at ppg.un by ceo chuck bunch which is the biggest most lucrative coatings company in the world. for boats, homes, cars, all sorts of paints. they reported a miserable quarter, sales increased only 1% year over year. it's down nearly 3% this year. why the weakness? because it does about a third of the business in europe. that's why. europe hasn't been that strong. worse, ppg in a dogfight against european paint companies and the prices are too high relative to theirs because of the darn strong dollar. when it cashes in, the euros on what it does sell, mainly paint, bmw and mercedes, there are fewer dollars left over because the euro is so low. but consider the following things that have occurred. europe has gotten much stronger versus the dollar. no one thought that would happen. the order books have gotten much, much fatter. car sales are way up. and ppg's products are way more competitive versus the european counterparts. we haven't seen that in the companies reporting it. ppg's last quarter

that's chuck bunch, chairman and ceo of ppg industries. you see why i like ppg so much.tent and reliable. so is chuck. "mad money" is back after the break. >>> tomorrow -- kick off the trading day with "squawk on the street." live from post nine at the nyse. >> i couldn't get a table. it kind of irked me. like no table. it's my place. >> it all starts at 9:00 a.m. eastern. >> announcer: lightning round is sponsored by td ameritrade. >>> what we're seeing right now i mean, maybe -- i believe maybe i'm -- talk about kacapitulation. look at p&g it's down 25%. >> if that stock is there, go and buy it. that's not a -- >> that stock was down -- >> go buy it. >> this is an unprecedented -- >> just go buy proctor & gamble. they have a decent quarter. >> is there a distress -- >> who cares? 49 and a quarter bid for 50,000 proctor if i were at my hedge fund. >> that's -- i mean, that's -- >> see, when i walked out -- i'm not that interested in it. at 47 that's a different security entirely. you have to use limited orders because it jumped seven points because i liked it. it's a fa

erik: ppg may slip itself down the road. a lot of speculation of organizing for public offerings. following the likes of blackstone. olivia: what do you think about that price tag for cushman wakefield? everybody is saying commercial real estate might be near the top. jeff: it feels a little frothy. maybe it is on the high end of what real estate companies should go for. i think we just do not know if it is at the top. we will find out later this year if they ipo something at the end of the year. erik: how long before we find out whether monsanto is going to raise? jeff: in the next two weeks. a $45 billion deal. erik: not deal yet. jeff: i should clarify. the response was pretty friendly. they did not say no in such a way that would push monsanto to just go away completely. run year, monsanto made a at syngenta. the feeling is this time around they are receptive. mccracken.f we call it merger monday for the sake of it. today actually is merger monday. jeff: it seems like we are reporting on mergers -- erik: it seems that we are mergers -- reporting on mergers every day. coming up

same for eaton ppg, dow chemical all which have been penalized severely because they were stuck sellingoods that became too expensive because of that darn greenback. she is stocks could soar with the dollar going low. boeing a level currency playing field could send it back to its all-time high. in the soft goods and health care segments merck j and j, pfizer -- they have been hurt by the strong dollar. same with pop see co. their stocks begin to run, they lift off today. dear cater pillar, cummins, they could break out. lockheed martin, general dynamics, these companies are getting big international orders as other companies see the united states withdrawing from its role as the world's policeman as we heard earlier from the president in his press conference. the most logical place to go technology. apple, google and facebook. these three stocks have been stalled out. even as i could argue they all had amazing quarters. however, the currency head winds bluntded their sales dramatically. i think the estimates in the wake of these last quarters will be too low. i believe apple google and

they said we know you're lie ppg ppging. he admitted it he rolled over. ted wells was doing the same thing here. he had all the e-mails this time around. he had all the evidence. he was ready to go in front of jim mcfallkcnally. and patriots counsel said that's not going to happen. maybe he will roll on us, but we're not going to take that chance. >> i'm glad greg brought that up. to that point, roger goodell basically in 2008 if you try to circumvent the rules in any capacity whether or not you're gaining a competitive advantage you will pay. and this is why it's four games and not two or not merely a fine. >> so greg let's me ask you something. you take this whole punishment as is.me ask you something. you take this whole punishment as is. do you think it's a determent to other teams acting this way in the future? >> i think there's no question p and i think really the signal that troy vincent and roger goodell were sending were you better fully cooperate with any investigation that we have. if the investigate tore is asking for an interview with a subj

i like ppg off that. they're trying to pair. ann taylor web for athena too many stores.n't need as many stores. even as i like to shop, i have to admit. >> putting out a note which it talks about vision and rational for integrated agriculture accompany and the proposal. that came out this morning. let's call it around 8:00 a.m. it had all the info and the trust hurdles are more of a challenge than implied. >> using terminology properly. >> yeah sensing the cuts the deals and values talking egypt. value goes to everybody. >> wherefore you are on the globe. >> we're value. >> when are we going to finish this? >> not for a long time. they've got to get anti trust. then not until september that being minus and then six days under irish law. you're talking quiet a while. the key is, is it going to really try and get a shareholder vote? let's call it july. if it does will it be able to get a shareholder supported and will it say or amend? it's awkward to say we'll only take one shareholder vote. it's a lot more to come on the island perrigo i would think. not much right now. >

not ppg. the offer was three times the market value. francine: blues legend bb king has died. guitarist and singer best known for his hits had been in hospice care in las vegas. he was 89. guy: sab miller is entering the u.k. craft beer market. the brewing giant has acquired the craft brewer meantime, based in london's greenwich. matt boyle joins us now with more. like him into the u.k. with craft beer? obviously it is a growing play here. what are they hoping to get out of it? matt: it is one of the only plays in beer right now. there is no growth in mainstream beer. sab miller beer volumes were flat last year. meantime is one of the most established names in u.k. craft beer. this makes sense. the guy running meantime used to work at sab miller, so they know each other. francine: in terms of this industry, craft beer, how big is this going to be? matt: difficult to say. we think it is anywhere between 8% and 10% of u.k. beer sales. we have better data in the u.s. where it is 11% of volumes growing 20% a year. it is exploding. going back to sam adams, the british have learned

and this is my period rancic hint to explain to people how oil and gas work in this country and then ppgble ceos turning the accompany around ahead of dupont. good show good read on the economy. >> what you do not see as strong is apple selling some debt wendy's reidentifying some debt. are. >> now that the earnings are done, they can come back in. if you get a strong nurks there's too much. people don't want, ray would be very bad for the economy. bad. >> so dune off the table. >> the others will sell. >> talking a lot with your hands today. that's not new for you. >> i'll be working the bar tonight. i need my hand. it needs flexible. get warm. >> warming up. >> yes. >> there you go. >> mad money tonight 6:00 p.m. eastern time. when we come back lending club, one of today's earnings winner and former j.c. penny ceo ron johnson on his new start up and all things apple too. back in a moment. [ male announcer ] your love for trading never stops. so if you get a trade idea about, say organic food stocks schwab can help. with a trading specialist just a tap away. what's on your mind lisa? i'

. >> why did you get rid of visa and ppg?folio, but we think alexian and diamondback are more timely right now. >> are you concerned about the rise in yields? >> we think they should brace themselves and the cost break out recently. >> you think they're related to highnerflation instead of german yields going up. >> we think a lot of factors driving it. higher oil prices and german yields and higher inflation and all of that put together. the interest rate is increasing and market more volatile going forward. >> good to have you on. >> thank you for having me. >>> coming up, a new bond king in town, vanguard surpassing as the biggest bond fund. we'll talk to greg davis. the network that monitors her health. the secure cloud services that store her genetic data the servers and software on a mission to find the perfect match. and the mom who gets to hear her daughter's heart beat once again. we're helping organizations transform the way they work so they can transform the lives of the people they serve. >>> flying the friendly