this is procter & gamble, for heaven's sake. when i listened to the fourth quarter conference call a few weeks ago and we got to that q&a session, it was like an open rebellion among the analyst. many followed this company for decades. it was heresy. clearly this is not the best of breed that we remember. it's not the proctor of old. proctor has become a troubled company. so what are the problems? how many are company-specific versus industry-wide and will the plan proctor announced on thursday be enough to fix them? man, i don't know. where do we even start here? proctor's markets aren't growing much. the company's operating margins are in decline because developed markets aren't contributing to proctor's growth or earnings. only emerging markets are driving growth right now. that's also why they're doing these massive cost cuts, slashing $3 billion of overhead costs, $6 billion in goods sold and lopping a billion off the marketing budget to boot. good first step. i think it's a good first step for proctor. but it's not enough.

so >>mark: new this morning, diamond foods and procter and gamble are now calling of their $1.5 billion deal to purchase three goals. now, kelloggs is to begin with a $2.7 billion deal. diamond foods makes them all the nuts and pot sticker popcorn says the agreement to end was mutual. the news comes one week after diamond foods were placed there c e l and cfo after an internal best occasion >>erica: i am following some health headlines. thoughts high lead levels found in many lipsticks, here is the list of the top of vendors. he cattle by maybelline color sensation, which loral volcanic and if you cover girl in dinars shades as well. if you would like to see the entire list in to read more on the alarming findings i have that for you on my facebook fan page. >>mark: >>james: we had quite a bit of snow come down compared to what we have seen so far this year. this is what the current year looks like right now over this year. there was a bit of snow falling over salt lake saw hope. archie requirements. we are back with more headlines in a little bit. will be right back. >> the process is

the move is to make the company look more profitable as they are in a move to purchase from go from procter and gamble. right now diamond's stock is down 37%. >>darya: we are back with more in a couple of minutes. here is a live look outside at the approach to the bay bridge. cox >>darya: the unemployment just put outnumbers the benefit applications dropped to their lowest level in nearly four years. >>mark: nicolas to and from stanford university is joining us. >> good morning. >> we had the most horrible recession in 50 years. we have had a horrible growth since 2007. finally, things are recovering. at the end of last week unemployment numbers were pleasing very sharply in. 54 >>darya: it always seems like they do not take into account the people stop looking for jobs. >> that is something of to worry about. flickr things get really that people stop looking for jobs altogether. >> employment has been rising. >>mark: we are reaching a point where companies have nothing else to trend. the thing that corporate profits will start to come down? >> the current recession, it has taken so long to

procter & gamble makes a little on the razor and a ton on the blade. that's how the model works.amazon losing a ton of money on the reader and likely only to make back small amounts on the content? that's a real worry. to buy amazon is a leap of faith. you don't know what is going to half. you don't know whether the growth will re-accelerate when new ereaders are shipped and people start using them for all the content that amazon sells so well? but on the other hand, to sell it? if you believe in amazon over the past travails, you make money. to assume it here is different. to assume that jeff bezos has lost his way, that's been a terrible bet. bottom line, buying is a leap of faith. selling flies in the face of everything we know about this company's incredible track record. that's why i don't want to do anything with amazon, yet do nothing. i've been telling people not to own it ahead of the quarter because the company would likely be spending so much they would lose money. and then i figured i could come out today and say buy it on weakness. that's not what happened. it's a lo

>> caller: i enjoy watching your show and i want your thoughts on procter & gamble's stock.e low to mid-60s for well over a year and should you buy, sell or hold? >> procter, you have to go to the conference call here, bill, because you'll hear the open rebellion from the analysts who are furious and think the company may be undermanaged right now and having lost its way. remember, they're trying to offload the billion-plus pringles business. they were saying rawcorp would buy either pringles or buy diamond foods. you know what? there have been so many rumors about diamond foods and how good it is. let's just say -- jeff in florida! >> caller: jeff from florida. >> good to have you on the show. >> caller: thank you and your staff for your help. >> they're terrific. they make me look good every day. >> caller: 3m had a shift in management and it looks like their growth is good. they just had a dividend increase. >> i couldn't agree more. as a matter of fact, there were some analysts, i would have called them knucklehead or chowder head in the lines of thomas jefferson who dow

we are glad to have procter and gamble there. my question is for you, amy. i have heard about the fact that we need to have -- the student center coming to the united states, getting degrees in engineering, we ought to attach a visa or a green card. maybe that is something we should consider doing. the more important question is why is it we cannot grow our own? why did we not have enough of our own students going into science, technology, engineering? why can we grow from within? >> i think we need to do both. we need to attract the world's best talent into the united states. we had a history of being able to do that in the past. the question on why we are not doing its -- why are we not going our own talent at home? i think our education system is broken. i do not think it is working. i am sure all the governors are spending a lot of time working on k-12 education. there are different conversations. we need to inspire people in a different way. i think there are plenty of people who see technology as cool. google, facebook, twitter, technology is pretty se

his endeavors and we look forward to seeing what on ravel of the next month ok well by the way way procter of k two to the united states did he somehow explain his decision to buy than that he talked to you to be do you know what was behind this i mean i think there's lots of reasons obviously he's been a fan you can comment on that if i can he's always been a fan of sport obviously dating back to his days when he owned. here so he's been a big basketball fan he put basketball and so he pays absolutely and i understand he's quite good. oh i haven't played with him but i think in many respects the opportunity to advance basketball here in russia was at the forefront of that decision as you know many of our coaches have been here hosting clinics our players were here about twenty months ago hosting clinics and so i think one of the big reasons was to see how owning an n.b.a. team could advance the sport of basketball here in russia so so you think he does it for russia he he went into basketball business in the states to get that now and then bring it back oh yes you think yes i think you kn

we know procter & gamble or coca-cola has foreign exchange impact. but amazon? don't know. >> yeah, that's a good point. they've got significant sales overseas, no doubt about that. and it's growing, as it is for so many of these company, the likes of ebay and everything else. international is an important component. but not clear as to why it would have such an impact. >> the video game component is really big. xbox on the microsoft conference call, xbox was very, very strong. but sony getting killed. nintendo getting killed. everything out of japan is awful. everything out of japan is doing terribly. david you mentioned yesterday worries about japan. it always seems to be hard to get your arms around it. but some of the consumer companies have been doing well until the last two quarters. >> experts for the fir-- export lagged behind imports for the first time in a long time. and there's concern whether japan is going to hit that keynesian end point. >> keynesian end point! >> that could be well down the road. but if it comes, look out, ri t right? >> there was

kellogg buys pringles from procter & gamble, paying $27 billion in cash. the deal makes kellogg the world's second biggest snack maker, just behind pepsi and its frito-lay business. the deal added $1 billion dollars of market value to kellogg stock, thanks to today's 5% jump. snacks will account for as much of kellogg's revenue as its cereal business. shares of the previous buyer, diamond foods, rallied 5% but remain down considerably since the accounting investigation began. while technology stocks were weaker overall, telecom gear maker juniper was jumping over hopes it will soon see a big phone company doing some buying. juniper stock shot up 7% with strong volume. broker firm jefferies notes at&t released its budget for new gear, and jefferies thinks juniper is best positioned to see its stock price benefit. after the close, earnings from nvidia were in focus. the semiconductor maker's results were in line with estimates, but down from a year ago. the company blamed the shortage of disk drives for the lack of a positive earnings surprise. shares were d

. >> susie: dow component procter and gamble also detailed big plans today-- it's cutting 5,700 jobs, or more than 4% of its workforce. it's all part of a goal to reduce costs by $10 billion over the next four years. investors bought up shares of the consumer giant, the stock adding 3%, or $2, to close at $66 and change. over in the pharmaceutical sector, investors have big hopes for the vivus's new diet drug, qnexa. it's expected the fda will green light the new prescription weight-loss drug, the first diet medication to gain approval in more than a decade. shares bulked up on the news, surging nearly 80% to close at $18.73. and, finally, a.i.g.-- after the bell today, the bailed out insurance giant reported a nearly $20 billion profit for the fourth quarter. a tax benefit and the increased value of a.i.g.'s stake in asian insurer a.i.a. group helped fuel the better than expected profit. shares gained 3% in after-hours trading. it gained over 1% during the regular session. and that's tonight's "market focus." >> susie: "made in the u.s.a." has been a strong point for the american eco

have done nothing over that period, including many of the packaged goods plays and the drug names procter merck, others have declined substantially, down by 50% and 24% respectively. i think the stocks have been clobbered deserve to be clobbered. bank of america, i'm calling it a shell of its former self crushed by the worst acquisition of all time, the countrywide deal. alcoa suffered from the stuff in china. hewlett-packard's made so many mistakes in the interim i can't even count them. there are plenty of stocks that, well, say the vast majority. the vast majority of stocks in the dow it seems wrong to me, meaning they're too cheap now, not too expensive, too cheap versus they were back where they were in 2008. intel, microsoft have been treading water. does anyone believe they aren't substantially better off than they were then? they have better products, more cash, more high yield. good dividend. same with the drug stocks. the prospects four years ago reflect many drugs coming off patent. these companies have developed by developing niche products and boosting their dividends. their

procter & gamble, a little bit of a role here. slightly down for the year. but now we learn springles includes cutting 400 jobs. it's up more than 2.5%. ibm getting ever so close to $200 a share. earlier today, it hit $199.23. off of those highs as you can see. the two most discussed stocks, probably, sears holding and viva sears. investors seem to like some of the plans with the assets. now up 18.5%. that seems like a trade. that's a scary one at that. we'll see where it goes tomorrow and the next day. it's had a nice little run. vivus, upgrades, up 81.5% today. unbelievable. qep and denbria energy, up 6.5%. dan bury up 37% year-to-date. qdp is up 8% on the day. first solar, safeway and kohl's, we'll delve more into kohl's in just a minute. subsidies getting cut in germany, and safeway on earnings, 8.5% on the down side. >> thanks very much, brian. stay right there. because oil is continuing to climb higher today. closing in on $108 a barrel. we've got that angle covered in the "closing bell" exchange. john is joining us from the nymex. brian is once again

procter and gamble, people are liking it and they announced the colossal restructuring and they neededlagged terribly and pepsi underspent against coke and lost share despite terrific innovation and struggles to stay one step ahead of the posse. proctor which grows earnings at a 9% clip long term 16 times earnings and clark has a 10% long-term growth. general mills which missed numbers in 8% growth gets awarded a 15% multiple. pepsi gives a 15.5% multiple. look, it would be one thing if the consumer goods things had vastly superior dividends and they're slightly higher from microsoft. i have long praised consumer goods on this show as a terrific their money long term. place for investors to park their money long term. give me the sleep at night factor and they're paying up for those earnings, but i no longer believe the stocks are worthy of that preview. in fact, i wonder if they can go the way of the big pharma stocks. stocks like merck and pfizer, both 3.8% long-term growth rates and now their multiples have shrunk in the high single digits and many stocks in the group have no growth

kellogg rose 4% after announcing it will buy procter and gamble's principle gl business. diamond foods had been the original one but got caught up in an accounting scandal. and finally, some good news about housing. confidence among homebuilders climbed more than expected this month to its highest level in five years. the national association of homebuilders index is at 29. that's the fifth consecutive monthly increase. homebuilders reporting a pickup in demand for new holmes and as borrowing costs come to hover near record lows and construction hiring is picking up. not bad news. barbara. >> okay, hampton. thank you. >>> today the first of our healing hearts makeovers. a new luc for three special women pouring their time and emotions into their recovering wounded warrior husbands and sons. and now to the results of the makeover. yesterday for valentine's day, we had a special visit from a wonderful group of women. they were wives, mothers, and a sister of soldiers and marines being treated in our local military hospitals for wounds they endured while serving in our armed

that could threaten the company's $1.5 billion proposed deal to buy pringles chips from procter & gamble. diamond food shares are falling quite a bit on that. also, preliminary word that greek coalition government leaders have agreed on a new deal that could win that country a second bailout and avoid default. see what the market's up to. right now the dow is up 22. nasdaq and s&p each up by one. diamond foods getting hit really hard. its shares are down by 37% on that news of the executive firings. back to you. >> thank you, jason brooks with kcbs and cbsmoneywatch.com. >>> right now, lawmakers from new york and connecticut are making their case for a controversial new federal policy. it would require faith-based employers to provider birth control coverage in their insurance plans. these are live pictures going on in d.c. right now. democrats say it's a matter of fairness for women. this is actually new york. the new rules include catholic charities, universities and hospitals who do object to contraception. it goes into effect next august. >>> a bay area man is accrediting social medi

reporter: not a big surprise diamond foods pulling out of its $1.5 billion purchase to buy pringle from procter gamble. instead another company will buy it for 2.7 million. diamond foods has problem a number of accounting irregularities found in an internal audit that forced the ouster of the company's ceo and cfo. has to restate its financial results from the past two years. diamond shares took a hit last week down about a third. they are up just slightly this morning. >>> social game makers zynga reporting its earnings for the first time as a publicly traded company. and while it did top expectations on both profit and revenue, it did lose $425 million in the quarter. number of analysts are also concerned that its user growth on facebook is slowing down. just last weekers facebook's ipo revealed that zynga was responsible for a big chunk of its revenue so that relationship is very important and as a result zynga shares are down about 10% right now as the market gets going for action. also emeryville-based pete's coffee and tee reported earnings and they missed the profits and revenue and pete

they are in the process of trying to buy prickles from procter and gamble.right now, diamond foods are down big. >>darya: of passengers on the crown princess arriving from the caribbean are getting home today's early. this is all because of a nasty outbreak of a stomach virus. the trip was cut short. 60 crewmembers and 114 passengers on board got sick. och and >>darya: prince harry is now qualify for combat after 18 months of intense training. third his older brother prince william has into kuwait to the balkan islands as a search and rescue pilot. >>mark: here is a live look at the approach to the bay bridge. it is quiet for now. we also have new information on the date for the opening of the new eastern stand. third >>james: we will really have springlike weather today, but in chile because things change. tonight, we have a system to the north that is headed our way and expected to impact us by five or so tomorrow morning. light rain coming into view at that hour, as it advanced the clock, by 10:00 a.m. more of the bay area dealing with very light rain. li

. $100 a barrel and clogs will buy ing pringle potato chips from procter & gamble for $2.illion and they'll bail out of their deal with diamond foods and they came to light. general motors is ending pension contributions to 19,000 white-collar workers. they will instead put money into 401(k)s. sales of corporate jets in the u.s. are rebounding and had plummeted with the global financial crisis and the spectrum millionaire investor confidence index says confidence mo among the very rich has risen into the third straight months. the top-selling british newspaper, the sun has uncovered evidence that it paid tense of thousands of pounds in retainers to public officials for tip-offs and finally tonight, the legend of camelot is gone. he will replace the retiree barney frank. the grandson of robert kennedy has never held lkted office. this is the first time in 53 years that no kennedy has served in washington. >> next up on kudlow, is this front-page headline in "the new york times" on to something? is it possible that a better economy could actually relech president obama? we w

i'm talking about 3m, procter & gamble, i like that restructuring, or emerson. rush for the 3w07bd market has to end badly given the rates they're pricing these corporate xwonds off of are artificially low courtesy of the federal reserve's endless attempt to get the economy and in particular the housing market back on track. well, many people think the fed can only control shorter-term rates, the impact on the longer-term, the kind of rates viacom's taking advantage of, undeniable. i think anybody that buys this 30-year viacom bond simply has no understanding of the history of interest rates and how they can skyrocket after years of budget deficits that aren't aided by the fed. meanwhile, these buyers fail to recognize the ability of dopz reinvent themselves over a 30-year period and do the right thing by shareholders by returning capital their way in the form of bountdful dividends. my hat is off to viacom for getting this incredible bargain. however, i want to throw an odd job style hat at the buyers of this paper. i say they deserve a beheading. but that woul

they've beaten out procter & gamble, nestle, you name it. they have an 80 share.on't see why that won't continue. there's a different argument of whether they buy green mountain's k-cups or other k-cups. on the other side i believe green mountain has won that battle over the past decade. >> i got to run. you'll be hard pressed to find another stock with as large of a short interest as this one has, right? that tells you something also. >> i do cover diamond foods. i got that one beat. >> you must talk to herb greenburg often. i got to let you run. great to have you on the show. i appreciate you being a stand-up guy and defending your take on this stock. we'll see what happens certainly after the bell. >> thanks. >> bill chappell. >>> let's get to a viewer tweet. if microsoft breaks 30, is that significant? simon? >> microsoft has been just disappointing people forever. that's a name that we've stayed out of. i don't get too excited about it. >> weiss? microsoft? >> that speaks for people who own it. for me that doesn't mean much. microsoft is going to plod along.

actually procter & gamble is the one that got my interest recently. last week they had unusual upside call buying. yesterday was the weekly options buying the 65 strike calls. those expire tomorrow. they were buying them yesterday for 15 cents. they've nearly doubled today. so when i'm looking around you always want to find something that might be a derivative play off of this if you're not seeing anything directly in kellogg's. and certainly pg yesterday caught my attention. >> let's playoff on to pops and drops the midday pocket movers that might not be on your radar. u.s. steel popping 1%. >> what really led us this morning when we were down and started moving to the upside was names like u.s. steel, cliffs, all those names in the risk on space. i still like this a lot. >> esrx popping 2%. >> express groups has some disputes going on of course with walgreens but they say they're opening to negotiations. that seems to be what's at least partly behind the 1% move today. >> first solar dropping 6%. >> wow, once a market darling now on its way to being

in our headlines, kellogg is acquiring procter & gamble's pringle's business for $2.7 billion.r on that news. remember this is a little bit of a saga here, the bid and the ask, 57.55. p&g had previously agreed to sell the business to diamond foods, diamond says no break-up oregon other fees will be paid in connection with the termination. >>> nbc universal parent company, comcast reporting results this morning, the company earning 47 cents a share, for the fourth quarter, that was six cents above estimates. revenues beat consensus, comcast is increasing annual dividend to 65 cents a share from 45 cents a share and it's also approved a new $6.5 billion share repurchase plan. shares are getting more expensive this morning. we spoke to comcast ceo brian roberts in the last half hour. >> we had a great quarter on xfinity products, high-speed internet, had a fabulous quarter. better than 2010 by over 10%. this is a product that's been out there for many years, to still be growing faster than the year before, it's the sixth straight year we've added over a million broadband customers

teva pharmaceutical doing a joint venture with procter & gamble to expand its horizons.oining me exclusively, bill marth. president of the teva pharmaceuticals america. been a frequent guest on "mad money." good to see you. >> good to see yo, jim. >> let's get to an issue that's near and dear to a lot of people, particularly parents. there's been a shortage of a lot of key drugs in this country. drugs for childhood leukemia. you've got a plant in southern california that has had manufacturing problems. if that makes a key colon cancer drug in short supply. what is teva doing to be able to eliminate a third world problem in a first world country. >> we've been working hard with our irvine facility to bring that back online. we have -- right now one of our lines running full time, 24 hours a day. we have a second line coming on in just a few days. and then two lines thereafter later in the year so that we'll have all four lines back up in production sometime around mid-year. it's been a really difficult time. >> but that's terrific news. because colon cancer, we actually h

on the price down 3.5% compared to outperformance of over 15% versus the ftse and competitors like procter you. >> yeah, maker of dove soap and a whole lot more. julia, thanks for that. >>> hank, i should bring you in here. there's a lot of companies here in europe that haven't quite done what investors were hoping, even the likes of unilever, a company that is betting on growth out of emerging markets. investors are saying they had a good run but the trend may not be quite as good as we thought. >> well, look, emerging market economies are down in their growth rates, still better than developed economies and i think the important point, as you just mentioned, is where have they come from? they have done very, very well, up 15% prior to this report. so you have to take that into context but i think unilever is a great example of a high-quality company on the defensive side, not exposed to the economic cycle as industrials or basic material companies so it is an important part of the diversified portfolio. >> hank, i want to jump in on this. we had some very good results yesterday out from

the news also cast out on diamond's deal to buy the pringles brand from procter & gamble. >> pringles. >> potato chips. >> at a certain time of night with a glass in your hand, it's amazing how you can go through one tub very quickly. without even thinking about it. still to come, qe, not to qe, how much? the bank expected to launch another bout. what will the numbers be? we'll talk about it when we come back. >>> this is "worldwide exchange" 0. the headlines today from around the globe. delayed agreement in greece could mute the ecb at today's press conference but not the bank of england. investors expect more qe. >>> china sees a surprise 4.5% spike in january inflation leaving less wiggle room for beijing to ease policy. >>> and rio tinto swings to a second half loss. aluminum down. they offer a bigger dividend payout and says things can only get better. >> plus, in the u.s. cisco's restructuring efforts may be bearing fruit as the tech giant reports its first quarterly profit gain in a year. >>> data out of the uk, so we'll bring that to you. manufacturing and output data to tell

can you comment on how this budget will be encouraged procter engagement at every level? >> we have accepted building partner capacity. when you have a chance to have ray in here, he will talk about his desire to meet our strategy. there will be less consumed now and implying that in that role. africana as a u.s. army brigade and a readiness cycle that can deploy -- african. they can reorganize themselves to engage nations in the particular combat and command where needed. i think this budget does that. >> you have suggested or said that one of the fastest-growing areas of cost in your budget is personnel costs, particular health care costs. you are looking at a tight budget this year. the idea of defense budget growing at the rate a group of the past decade is not within anyone's per urview. if you do not take effective steps, it becomes so big, in my view, that -- it all comes out of operation, maintenance, and training. you have a force that is there but not capable. do you have a notion of how much time we have left before this goes on control? >> as i mentioned, this

engagement number for advertisers and people who are doing business on facebook like american express, procter fwamable, that's going to be a really important number for them. >> talk valuation for a second. to me, you talked about google, you said they were in a better place in terms of growth. i think that's what you are suggesting. yet on a p/e basis this is being valued at a much higher premium, if you will, than google even today. >> right. right. well, i think google is a little bit different. the way that they did their ipo they didn't disclose any forward looking numbers, mi sort of -- and we're not getting forward looking numbers here but we are sort of getting a sense where the company is trying to grow. google did the dutch auction and because they opened up the ipo to absolutely everybody in the entire world who is a google user, that kept them from being able to disclose a lot of things about strategy and where they saw the company going because of rules with the s.e.c. and so people were forced to put google on a valuation where they didn't know that much about the company becaus

shocked me is that jpmorgan, without a doubt, geez, what a great butting shoulders when you look at procter & gamble. but this stock has failed to ignite this market. and one of the reasons i think is because all we ever hear when we breakdown what is going on, net interest margins are horrible. you really do have a tremendous headwind from the federal reserve trying to make it so you and i can get loans. 3.5% mortgage? not good news. >> as barclays points out today, the stock has beaten the index for the past six years. >> wow. >> i mean, look at this thing. i mean, this thing is really the definition of the grand canyon. >> and some of the competitors have not had to move down as some of them did. >> wells fargo, what stocks he's buying for his personal camp, jpmorgan, if he flips that, maybe we can see the stock forget. >> meantime, the cruise liner caught fire at a generator room in the indian ocean and this is just six weeks after the "costa concordia" crashed off the coast of italy. there was already speculation about pricing in. they are deliver food and flashlights to the passenger

>> i called procter & gamble. literally i'm using that as a straw man for maybe too many cases. proctor identifies facebook as being the single most economic way to be able to get in touch with people. when you're a consumer goods company if you can get people hooked on crest at 16, they'll stay with crest for most of their lives. every advertising guy i've ever met has said if you could ever reach the holy grail demographic, you've got the home run. facebook has the holy grail demographic. >>> when we come back, spike in price of gasoline. forecasters are seeing fuel costs rising in the months to come. do transports have the right business models to blunt the impact? >>> before the break, a little politics. three states holding republican primaries last night. rick santorum sweeping the field. he took missouri, colorado and minnesota pp the victory is calling into question mitt romney's ability to appeal to the conservative base of the republican party. there he is. a victorious an tor um, at least for last night. back in two minutes. >>> welcome back to "squawk on the street."

ought to turn to at&t, verizon, procter & gamble.people are paying common stock -- >> i can't remember having ever seen so much money borrowed to actually repurchase shares in part. >> i've never seen it. >>> coming up next, social media in the skies. using facebook and twitter to pick your seat mate on a plane. complete this sentence. if i could pick who would sit in a seat next to me, it would mean never worrying that blank would plop down in a seat next to me. take a look at this morning's early movers. looking for a better place to put your cash? here's one you may not have thought of: fidelity. now you don't have to go to a bank to get the things you want from a bank. like no-fee atms -- all over the world. free checkwriting and mobile deposits. now, depositing a check is as easy as taking a picture. free online bill payments. a highly acclaimed credit card with 2% cash back into your fidelity account. open a fidelity cash management account today and discover another reason serious investors are choosing fidelity. i was in shoc

hear jpmorgan say something, the initial reaction, the markets are fine if we could see a sustained proctert right now. we don't have enough. >> jamie dimon has spoken with relatively frequent of late and i would not imagine that it's going to koor late. >> warren buffett says it's not personal. it's business. >> and these investors day, the last six years, stock for the following month after the meeting has outperformed the index at least. so it tends to be a bullish stock. that and much more when we begin in six minutes. >> all right. we'll see you in a couple of minutes. >>> when we come back, a final thought from our guest host. "squawk box" will be right back. >> announcer: tomorrow, our guest host will be alan schwartz, former ceo of bear stearns. and we'll talk politics and economics with former chairman of president reagan's economic advisers and master of the market. it all starts tomorrow on "squawk box." e heartbeat of this place, the people on the line. we take pride in what we do. when that refrigerator ships out the door, it's us that work out here. [ michael ] we're on the fo

nga meeting later this afternoon with the discussion of economic growth with the vice president of procter and gamble and a senior fellow from the harvard school of business. our coverage continues tomorrow live, beginning at 9:30 a.m. eastern with a discussion on education and eliminating child hunger. as to o'clock 30 p.m. eastern, homeland security and the national guard. live coverage of the national governors' association meeting of this weekend here on c-span. also tomorrow, road to the white house with former house speaker newt gingrich campaigning in georgia, speaking at a baptist church located in the congressional district he served well in congress live tomorrow at 6:00 p.m. eastern here on c- span. >> one of the trickiest things about writing this book for me was thinking through the way rights were kind of straddled between an aspirational ideal and a more practical and formal mandate. >> from distributing food to the poor from sex trafficking, defining human rights and how western reforms could lead to increased -- decreased. > a look at african- americans serving in congress

washington journal procter researcher provided historical con -- context on the tapes. >> we want toesident john f. kennedy. joining us is david coleman, a chair of the president recordings program at the university of virginia, part of the miller center of foreign affairs. the watergate scandal in the early 1970's led to the announcement that richard nixon was not the only one with recordings in the oval office. >> correct. richard nixon was secretly taped in thee white house, which led to a further prevalent -- revelation that other presidents were secretly taped in the white house. >> let's share some of those recordings, including some of the discussions from september 1963. these are the last recordings before president kennedy was assassinated on november 22. this conversation is focusing on vietnam. >> [inaudible] >> this is what we've been dealing with for three weeks. >> david coleman, it is no secret that president kennedy had a lot of issues with his general as a result of the cuban missile crisis, and a leading up to what was going to happen in vietnam. >> exactly. what y