procter & gamble put pressure on its stock. cisco down with weaker than expected results. travelers, was down today. the biggest loser among the dow 30 this week after the company reported disappointing earnings for the fourth quarter. we did, of course, mention facebook. we'll be talking about it more. we just want to mention that morgan stanley is expected to be the lead underwriter with goldman sachs, of course, having a major role. both of those stocks moving up a little bit on the news. good chemistry. there was a deal today we talked about on eastman chemicals. nice premium for solutia. eastman was up 2. it's going to cut costs. obviously investors liked it for both. have a great weekend. >> you, too, mary. enjoy. >> let's get more on the top story. facebook could file its ipo as early as wednesday. kayla has some of the details. >> michelle, we just got a report from privco. they said that this is what he expects. that morgan stanley leads the offering, that the price ranges between $38 and $40 a share. and that the new york stock exchange will win the battle to act

numbers from procter & gamble. >> $1:10 for the dow component.ent number that has things in it for the core. why does it say -- this must be for the october quarter, sales rose 4% to $22.1. >> supposed to be $22.19. >> and what did i say, $22.1 so that's pretty close. then you look at things like net sales expected, growth is estimated to be in line with a year ago up 2% for the third quarter for the third quarter so this is the fiscal second quarter we're talking about, and then i saw some type of range, net sales are expected to increase 3% to 4% in fiscal 2012. so it sounds like they are expecting some acceleration then, because for the third quarter, they're talking about 2%. >> they also talk about their organic growth which is important. organic growth is up in all six of their segments. >> and it's organic sales are expected to go 3% to 5% and this is a flag, i guess they mean for the whole year, the third own the fourth quarter. the shares are a little bit lower. we'll talk to john and see whether any of these are below what the company h

my father was an executive for procter and gamble. they had immigrated to the united states from the netherlands. >> on wikipedia, there is a connection to your dutch oil ancestry. what is that? >> my great-grandfather was the creature of what is now a s shell. he built it into a major oil company. then my grandfather was actually or becometo inherit the next executive of royal dutch. my great-grandmother died early. he was working deep in the jungles of indonesia. my grandfather was expected to basically, he was known of the crown princess of the royal the royalrince's of dutch purity did not like working for the man who was my great-grandfather's deputy. my grandmother said either choose me or the royal dutch. it talks about she put his life to the test. he left royal dutch and founded the equivalent of u.s. steel in netherlands. he did not do badly. his younger brother and its up becoming the chief -- his younger brother ended up becoming the chief. >> why did he come here? >> in that upper echelon a society, the netherlands is a s

procter is another one that looks very bad here. >> you said on friday you not procter should be broken >> there was an open rebellion on the conference call. i know these people from when i used to be a hedge fund manager. open rebellion against procter's management. >> we'll see you at 6:00. >> coming up, a live interview with philadelphia fed president charles plosser. much more "squawk on the street" straight ahead. >>> the ned -- fed announcing it plans to keep interest rates low. we're joined by our very special guest philly fed president charles plosser. >> i'm here with charles plosser. let's talk first about your economic outlook. the statement seemed to be very pessimistic and almost seemed to ignore the better economic data that's been out there. what's your take on it? >> i thought it was a little bit pessimistic. i would prefer a little more optimism in the statement. it's not that we're going to take off like a sky rocket going into this year, but do i think things are looking better, the employment picture and labor market looks a little better and i think there's reason

weigh in with fourth quarter results including industry heavyweights apple, boeing, mcdonald's and procter gamble. >>> an economic outlook from ben bernanke will be high on investors' minds this week. fourth quarter gdp is due out fred. broader growth is expected to come in around 3%, the fastest pace since the second quarter 20610. >>> blackberry maker research in motion has announced its co-ceos are stepping down. apache energy is buying cora for nearly $3 billion to soak up some 250,000 acre of fresh fracing plays in the endarko basin. >>> the average price for a regular gallon of gas-inched up over the last two weeks. the price of a first-class stamp is now up to 45 cents after rising for the first time in 2 1/2 years yesterday. >>> no fancy hotels for occupiers in switzerland. they're building ig glues to help protesters in davos. >>> and finally, warren buffett showed up on chinese state tv with unique greeting for the new year. the billionaire investor strummed and sang "i've been working on the railroad" on his ukulele. and that is your random news for the day. >>> well, coming up,

its suppliers, including giants like procter and gamble, have confirmed they are eager to keep things going. until declaring the company bankrupt last week, there were one of the richest families in germany. now they say all they have left is fighting spirit. >> she faced the media to and media speculation about her family's finances. her father was rumored to put money aside. she rejects those claims and says there's nothing left of the family fortune. >> there are no significant assets left. not enough to let the restructuring continue. otherwise, i would not be sitting here. >> they have been unable to compete with the lower prices of more modern stores offer by its rivals. the company has a glimmer of hope for is 32,000 employees. >> the majority of the more than 6000 stores are profitable. verity were losing money. they will be closed in the coming -- very few are losing money. they will be closed in the coming weeks. they will be profitable in the future. >> the company is looking for profitable investor. the liquidity is something the drugstore chain does not have. >> it sounds

appreciate the guiding principles your office created last year with respect to the 2011-2012 budget procter -- process. my question is, will you and your office abide by the principles that you articulated in the prior fiscal year in terms of your decisions as you try to close this projected budget deficit of $262 million? would you applied to the principles for the coming fiscal year, and if you would, can you explain how you would put those principles into practice as we're going forward with a budget this year? >> thank you for that question. last year we started a new process of engagement with our community based partners from across the city. last spring, i worked with a nonprofit leadership from across the city to review the budget proposals of the department of public health and human services and the department of children, youth, and families. during our work together, the cbo's drafted principles the city should keep in mind when facing budget deficits and making difficult decisions on how we allocate our general fund. eight principles that recommended include, among others, prio

. >> procter & gamble, shares going low. the call said there are better bets if you're looking to invest in consumer packages now. nick, it's great to have you on the show. welcome. >> thanks for having me. >> i thought it was interesting when you say, i like what they're doingover t over the lo term. they're just going too fast. >> it makes a lot of sense to me. the problem is they can't deliver quick enough special until terms of the volatility and commodity costs. what we're basically saying is, look, there are other ways you can make money right now. get paid in another name. i think there will be time where money will be made on the stock, it's just not now. >> if you look at colgate and kimberly, they warned about the same thing. but specifically, are you better to go to a name like that if you want to stay in the same exact space? >> i look at consumer staples very broadly, so across epc and tobacco. they're going to grow earnings of 6.7% this year, you have a 6% yield. i think that's better than kimberly. >> you ment

. >>> earn rgs reports are in for ford and procter & gamble. ford posted the biggest fourth quarter profit in history including an accounting change. it sees impact from europe and thai floods. p & g takes down its full year. >>> europe remains on the radar. signs of stress coming out of portugal. yields soaring there and investors are waiting. still word of a debt swap deal out of greece which could come today or potentially over the weekend, but i feel like we said that even last week. today or the weekend. >> march is getting here slowly but surely. it's still aways away. that would be the ultimate default. hard to imagine they get to that date but each week keeps going by. >> now we're looking at portugal. wait a second. the unicredit deal absolutely terrific home run. 65% gain. we've got this conflict. bnp selling really good bonds, energy bonds. cut the conflict between raising capital and selling off assets. the banks that raise capital beginning to do well. i urge people to look at santander. >> you keep pushing that. >> they are a surv

we'll get data on earnings from chevron, ford and procter & gamble. the dow finished off down 22 points yesterday at 12,734, the nasdaq lost 13 to 2805. mortgage rates rose, the first time in a month. freddie mac says the average rate on a 30-year fixed mortgage rose to 3.98%. that's still historically low but up from a record of 3.88%. rates tend to track the yield on the 10-year note. that's what you should watch. this week the 10-year rate fell below 2%. and ben bernanke has time to moonlight. he is going to teach classes at george washington's business school. the classes will be live on the internet. bernanke has a history on campus, he is a well known professor, he taught grad school at stanford and chaired the economics department. his term as fed chairman ends in 2014 and it's possible that he could return to academia. that's it for now. not bad, getting the federal reserve chair to teach you thou fed works. >> 4:46 now. it's a feel good friday. some fog and great weather. >> we do. we have great opportunities to get outdoors so saturday and s

>> my mother was a psychologist, my father was an executive for procter and gamble.d immigrated to the united states from netherlands. >> there is connection to dutch oil ancestry. what was that? >> my great grandfather was creator of royal.shell. he built it into a major oil company and then my grandfather was actually supposed to inherit -- not inherit, but become the next executive of royal dutch. my great grandfather died very early, just one day shy of his 47th birthday and from working deep in the jungles of what is now indonesia. so my grandfather was expected to basically -- he was known as one of the crown princes of the royal dump. he would be the next executive, but he did not like working for the man who was my great grandfather's deputy. my grandmother said, either choose me or you choose the royal dump. in the books, it talks about she put his love to the test. so he left royal dutch and founded the equivalent of u.s. steel in the netherlands and became head of the steel industry. so he didn't do badly. his younger brother ended up becoming the chief ex

i want to start with procter & gamble. two down rates today, ubs hash citing the company's corporate culture as a drag. that down 1.5%. cisco, rbc increasing estimates, rebound in north america. bowing, one of two companies, lockheed martin, the other, invited to bid on south korea's fighter pilot project, as 7.5 billion deal that stock down half a percent. exxonmobil selling a refining operation for $4 billion. u.s. airways report that delta might make a move on it as well as amr, looking at reportedly. that is up 4.5%. kellogg down half a percent. jpmorgan downgrading it from overweight to neutral, disappointing earnings not for two quarters, not for two months but two years. the prying target down from 62 to 48. then nike up 1.5%, touching another all-time high today, finally staples down 4.75%ful now a sell at goldman sachs. bill, back to you. >> thank you, brian. >>> stocks rebounding as we head into the close here. in today's closing bell exchange, senior economics reporter steve liesman is in philadelphia, mysteriou

how does procter & gamble, a company, for instance, how would they get paid? >> going public will come with the fair share of challenges for mark zuckerberg and he will need to figure out how to reward his employees without putting to much emphasis on stock. and another challenge, how to keep the overnight millionaires who have been critical to facebook's success so far from leaving. >>> do you hate the clutter and complication of searching for those receipts? on the consumer watch, julie watts says, that may soon be a thing of the past. >> we all have them. receipts. stashed in your wallet. and shoe boxes. jump drawers. and when it is time to make a return, file taxes, fill out an expense report, we go digging. but one day, we may not have to. since all those receipts will be right on our phone. >> we pass the data from our device, straight to your phone. >> stores like apple, gap and nordstrom already e-mail receipts but the mountain view startup proximan allows companies with nfc enabled phones to get receipts sent from the register right to their phone. an

payments late last year, investors have wored about diamond's purchase of the pringles brand from procter and gamble. for many holiday seasons, video game sales were the gift that kept giving, but market research firm n.p.d. reports in-store video game sales fell 14% in december, much worse than anticipated. industry leader electronic arts shed 7.5%. e.a. also lost its executive overseeing social and mobile gaming to zynga. fellow video game maker activision fell more than 2.5%. but the drop of in-store sales may help online social game company zynga. shares rallied 5%. still, the stock trades below its december initial public price of $10 per share. and that's tonight's "market focus." >> susie: as the country fixates on an 8.5% unemployment rate, here's a number you may not have heard: 26%. that's the unemployment rate for husbands and wives of military members. sylvia hall reports on what's driving unemployment in the military community. >> reporter: u.s. military troops deploy around the world, sacrificing their time and effort to serve. back at home, their wives and husbands often fi

procter and gamble's latest quarterly earnings were two cents better than anticipated. it expects its profits to improve as the year wears on thanks to easier comparisons of commodity costs. but p&g cut its earnings forecast, blaming a stronger dollar. shares dropped three quarters of 1%. not a big drop, but it push shares down to their lowest close since december first. we saw a muti-billion dollar merger today. this one in the chemicals industry with an eye on improving auto and consumer electronics business. eastman chemical will buy solutia for just over $3 billion. it's a stock and cash deal at $27.65 per share. solutia rallied more than 41% and eastman chemical jumped seven. finally tonight, we're all seeing prices at the pump creep higher. gasoline futures are at their highest prince since august. conocop-philips shut down a new jersey refinery for repairs. and that's tonight's market focus. >> susie: last night we told you about the difficulty u.s. factories are having finding skilled workers. part of the problem is many high schools and community colleges have

reading on january consumer sentiment, and earnings from altria, chevron, ford motor, honeywell and procter & gamble. also tomorrow, our friday "market monitor" guest goes looking for stocks that have missed this latest rally. he's alan lancz, editor of the "lancz letter." >> susie: uncle sam is still holding the bag on some big bailout loans that it granted at the height of the financial crisis. a government watchdog reports that as of december 31st, the u.s. government is still waiting to be paid back more than $130 billion. american international group borrowed the most, and still owes the most: $50 billion. bailed-out automaker general motors is still on the hook for $25 billion. ally financial, regions financial and zions bancorp round out the top five debtors. >> a federal judge ordered that the they won't have to pay pollution charges on the offshore oil spill saying transocean is covered by its contract with bp but transocean will still be liable for punitive damages or civil penalties the government may bring over that 2010 spill. transocean share its jumped about 8% in after-hours

mcdonald's, boeing, at&t, caterpillar, chevron, johnson & johnson, procter & gamble will post results ford, verizon, nokia will also post outlooks. >>> egyptians are preparing to mark the first anniversary of the revolution that gave them democracy. manufacture the economic problems that led to the overthrow of hosni mubarak still blight the country. we'll be live in cairo, just ahead. sea bass... ♪ ooohhh! ♪ i like it. yeah, i love the kitchen. [ male announcer ] the epa-estimated 42 mpg highway chevy cruze eco. from looking for your perfect home to finding it. chevy runs deep. >>> it's been nearly one year since protests kicked off in egypt and thousands took to the streets of cairo in what they called a day of rage. you may, of course, remember images like these. the country united in calls for the then president hosni mubarak to resign. these scenes were shot days before he did step down. egyptians were angry over the state of the economy and the country's high unemployment rate. there was hope for a new future but rather than significant progress, this past year has somehow highl

we're also pouring over consumer earnings from chevron, ford and procter & gamble. the dow ended down about 22 points. the nasdaq losing by 13 to 22 22905. >> transocean is the owner of the deepwater horizon rig. the company is not going to be held liable for the oil spills below the ocean surface but could face punitive damages and fines. a trial to determine how to divide the blame for the spill will begin on february 27. deals on big screen tvs may be not so super this year. holiday sales were pretty strong so retailers probably won't have as many sets in stock ahead of the super bowl. scours are discounting fewer models. features with smart tv apps at full price. if you check they are offering $600 discount, best buy has some off some sharp 60 and 70-inch display. watch my new england patriots avenge their loss and trounce the giants. this time eli manning is not going to win. >> is that a prediction? >> my prediction. >> more like a statement than a prediction. that was a declaration. >> it has to be. it doesn't make me terribly popular here. you can imagine. r

how does procter & gamble, how would they get paid, for instance? >> reporter: the sec filing could be more easily answered. it's expected to happen on wednesday. when you talk about an ipo of $10 billion for facebook that would put the company at a value of between $75 and $100 billion. the founder mark zuckerberg is 27 years old estimated at $17.5 billion. with this ipo he could be worth as much as $20 billion. and more than 1 billion users with facebook with this ipo so a lot of users and certainly a lot of money, grace. >> not too shabby for a 27-year- old. thank you, lisa. >> reporter: not at all. >>> there's going to be more on facebook's ipo and what it means for the company. check it out on "cbs this morning" coming up at 7 a.m. >>> and trading of stock futures overnight is indicating that markets will open lower today on wall street. the dow ended last week at 12,660 after losing 74 points on friday. so far this year, the overall trend for the market has been positive. that's good. like to be optimistic. >> we do. always glass half full. we

facebook was called out on a procter & gamble earnings call as a cheap way to target your advertisingaphic in a world where the television audience is going down and the magazine and newspaper audience is dwindling by the day. and the other web companies having either lost their way or not emphasized enough by the display ad game, facebook is game, set, match for all of these advertisers. it wouldn't surprise me if facebook actually drove all ad rates down as television and prohibit have to deal with the efficacy. facebook users magnify the numbers as more are friended. what about the million-dollar question, should you be on the deal? my gut reaction is yes but only if facebook's management team and the book runners aren't greedy. remember how ipos work. you want to engineer a pop, the bankers limit the number of shares they offer. it's possible to price facebook at $50 billion by offering, say, a tenth of the shares outstanding and then trade up to $100 billion in the after market by forcing big fund managers to go into the after market in order to pick up enough stock to make a dif

procter and gamble. you think they were smart financial officers. you would think so. it didn't know what they were doing. they got caught by wall street. in particular a bank called bankers trust. they lost two to $300 million. orange county california lost $1 billion in the comptroller went to jail for a little while. a big crisis. wall street was really in trouble. it was well advertised, but there was a far bigger crisis in the later years. we had a far east asian financial crisis, russian financial crisis in 98. that famous hedge fund in new york, long term capital management went under. the authorities thought they could bring all of wall street down. then we had the high technology fantasies driven by if not read, i don't know what else, with these people who underwrote these high technology stocks may $45 on every hundred dollars of stock is sold. one fantasy after another. the absurd levels as speculation , and the market crashed and crashed badly in 2000 to a 2001. finally mortgages, crazy mortgages. why? because wall street had learned how to raise money fro

we'll see how firms like apple, mcdonald's, verizon, 3-m, dupont, boeing, caterpillar, procter & gamblend at&t all did in the final three months of 2011. the federal reserve meets this week to discuss any steps it can take and also put out a forecast for the economy and its benchmark interest rates and the government gives its first look of how the u.s. economy grew at the end of last year. it's known as the gross domestic product. president obama gives his state of the union address on tuesday night, and the "x" day he hits the road for a five-state three-day tour to promote some programs from that speech. south carolina's republican primary will be behind us, and attention will turn to florida which holds its primary on january 31st. this week look for two more debates featuring the four remaining gop presidential hopefuls. >>> and it's going to cost a little bit more to mail that letter or postcard this week. the price of a first class stamp goes one penny higher to 45 cents. a postcard will cost 32 cents, and that's up another three pennies. i'm sue herera. get all your business new

so outsized, it would shock me to see the stock down more than a couple percent, particularly when procter & gamble barely fell today despite one more disappointing quarter. and i'm getting upset by proctor. beyond earnings, we know caterpillar says look out. europe will be turning up by the end of the year. i think probably too aggressive. but the german manufacturing index, we get a reading on that wednesday. i think it's going to go a long way toward converting the skeptics if caterpillar is right. friday we get the january employment report. i think we're going to see a continuation of some good payroll numbers thanks to the strengthened auto bill, aerospace, retail markets, and oil. okay? the only two energies that are still laying people off in energies are banks and state governments. i bet this employment report will be another clarion call for you the sell your bonds and move into higher yielding stocks. here is bottom line. keep your eyes open next week because there is a lot of earnings to keep track of. unlike so much of last year when europe was in control, results actually ma

to look for solutions, a businessman, james stangel, whose new book, he was the marketing head of procter & gamble and he's written this marvelous book about the need for businesses to align their bottom line with the social impact they're having and their values. roger martin, professor at the university of toronto, his book "fixing the game" is about how our shareholder value theory has put traders rather than customers at the center of business decisions. we need to change that. and judge rakeoff because he has the gumption to say -- that the way we hold corporations accountable has to end. >> excellent suggestions. i would recommend in addition to the judge ruling, james stengle and roger martin, how we change how we're oriented to make money in this country. fareed. >> i think there's no easy fix. i look at history and i look at the asian countries and what you see in every country that has been able to sustain growth, broad-based growth, it is based on investment. our economy has become one that is based overly on consumption, and what we have to do is to change that. we have to mov