china is the no. 1 growth market for procter and gamble. have quotes where she says china is no. 2 mark and going for no. 1 and do it by marketing our products to millions of villages across china. that is the mentality of the company, all about growth and convincing us that we need more products. these are also in the most toxic categories and increasingly marketed to younger and younger girls. this is an example of a 5 or 7 year old on the cover of a skin, hair relaxer. these are ratings, that is the most toxic hair relaxers and no. 1 is a kid's product. then for hair dye, younger and younger girls are getting hair dye. "new york times", girls 10 and 11 are getting their hair dyed into the salon. it used to be 15 or 16. the industry was excited. this represent as growth market for the industries. it also represents age and continued chemical exposures to many of these toxins for young girls and more exposures to the environment as hair dyes get into the waterway and food even if we don't get our hair dyed. our skin should be lighter and d

procter & gamble said the world was rebelled from high priced products when colgate was running circles around it. we saw this play out in fast food. wendy's lamented that the consumers can't afford a hamburger today but it could tomorrow when mcdonald's said it was selling them by the billions. supermarkets, safeway and super value say the consumer is moribund while costco stole food shoppers away from traditional supermarkets. here's the bottom line. whatever the industry when a company blames poor performance on a tough environment it's probably making excuses. not telling you something that applies to stronger competitors which are likely running circles around it. don't believe the hype. patrick in arizona. patrick. oh, let's go to della in california, first.

however, procter has a phenomenal dividend yield. well in excess of treasuries, even without the bountiful tax benefits obama wants to scrap. the stock is paying you to wait for the firing of wall of shamer ceo bob mcdonald who would provide the stock with a lift if he simply decided to resign and spend more time with his family. then it's time for a shave. what do i use? burt's bees shaving cream. it's natural. it says it. i like natural. clorox which has freely admitted it overpaid for burt's bees is getting its money's worth. we know the ceo is a dividend raiser. he had an 8% gain plus the yield. what more can you ask for? even carl icon who took a position and gave up trying to saber rattle because he recognized that he couldn't do better than the current ones. here's the dilemma. the dilemma of procter & gamble in a nutshell. after i apply the shaving cream, yeah, i shave. i shave with a gillette razor from procter. not the expensive ones. i think they're overpriced and not worth it. e i use the old fashioned mach-3. doesn't do

janice procter willis and jeff willis suffered serious gunshot wounds. investigators are trying to figure out why proctor shot them. >>> we know the name of the flight instructor killed in a plane crash yesterday. it happened just a few hundred yards from montgomery county's davis airport. investigators say he was killed almost instantly and had been an instructor at davis airport for almost 40 years. >>> it is coming up on 4:35. here's a look at some of the other stories making news. the united nations has scheduled a security council vote for later today on a new resolution for syria. countries are still at odds over imposing sanctions against syria. russia has repeatedly said it does not support sanctions against the country. they have till friday to decide whether to extend a mandate of a delegate of observers there. >>> a killer tried to steal an airplane. 40-year-old brian hedgland was accused of killing his girlfriend yesterday. he climbed a fence at a municipal fence in utah, boarded a 50-passenger jet and started the engine. but a wing clipped t

procter raised prices in the last year. competitornot follow. company lost share. analyst i spoke to today also talked about the cost-cutting plan unveiled this winter. consensus, little too late. we will see you due to respond and save his job. there are two business units that could get sold. duracell batteries could fetch $3 billion. im's pet food about $4 billion. i'm also told cost cut king not come at the expense of eps growth. this would be a bit after risky strategy. also, duracell would need to find a buyer assuming could you find one. >> all right. brian shactman for us. we have about 50 minutes to go on the day on wall street. we are holding in the reins. s&p barely negative. nasdaq is down as well by about nine. >> fight over taxes in the fiscal cliff, just getting started here on this busy edition of "closing bell." stay with us. >> coming up, is china better at capitalism than we are? how china is tweaking taxes to lure in foreign money. what we can learn from this rule. plus, the treasury department slamming a plan to cut funding for wall street watc

procter & gamble rose on a report thats ackman -- >> tech sales continued after a warning of sluggishales, plunging 11%. texas industries broke a ten-quarter streak of losses, posting a quarterly profit and surging 13%. upbeat data didn't dent general's gloom over sluggish earnings. initial state unemployment claims dropped to the lowest level in four years. falling oil costs sent june's import prices falling by the most in more than three years. moody's downgraded italy's bond rating by two notches, just above junk status. further down grades could be on the way. wells fargo will pay $175 million to resolve allegations it charged blacks and hispanics higher rates and fees on mortgages during the housing boom. a government inves fouti 34,000 times wells fargo charged blacks higher fees and rates similar to white borrowerers. but the bank denied guilt insisting it was settling solely for the purr of avoiding contested litigation. >> the smoking gun report the fbi is investigating the chinese company zte for banned computer equipment sales to iran and alleged attempts to cover it up. an

that's why i have recommended procter & gamble or 3m. been the best dividend boovsers in the world. that's why i like federal realty. the best booster in the real estate investment trust. that's what we are looking for to save with. dividend plays where we reinvest. don't take the dividends. reinvest. that's how you make money. jim in georgia. >> caller: a big down south b-b-boo-yah. >> a stuttering peach boo-yah for you. >> caller: i'm more of a trader but my entry point often become it is new resistance after a rise and a pull back. it's happened several times. it leads to very small gains. is there a way to use this to my advantage or get in earlier? >> i would say the antidote is it sounds like you're putting all the money to work at one level. that's a mistake. you have a good idea. you believe in the idea. buy a little bit and hope it comes down so that's your floor. the worst that happens with my philosophy is the stock shoots up big. that's a high quality problem when you have only made a little bit of money instead of losing mon

procter and game bbl rose on an investor william ackman buying into the company. merck had a success ill trial of its new osteoporosis trial. infosys rose. on the plus side, texas industries broke a ten-quarter streak of losses posting a quarterly profit and surge 14g%. upbeat data didn't dent general gloom over sluggish earnings. initial state unemployment claims dropped to the lowest level in four years. >>> falling oil costs sent june's import prices fall big the most in more than three years. >>> moody's downgraded italy's bond grading by two notches just above junk status. more could be on the way. >>> wells fargo will pay $175,000 to resolve allegations that it charged blacks and hispanics more fees during the housing boom. they found 34,000 time wells fargo charged blacks and hispanics higher fees. but the bank which now funds one out of every three mortgages in the u.s. denied guilt insisted it was settling to avoid litigation. >>> the smoking gun reports that zte is being investigated for selling banned equipment sales to iran and trying to cover it up. >

merck, procter and gamble doing really well here and here's the move to the dow.n about 3 points a few moments ago. thinking of going to europe? i just got back. a great time to go getting a lot for the money. euro's at a two-year low. when i went at the end of june, didly. it's $1.26. leaves yesterday, $1.22. below $1.22. that's a huge move. almost five cents in two weeks in currency land. that's an enormous move here. gold and silver just had a horrible five or six days and concerns about inflation quietly go away. brazil said inflation is not a worry. this is an inflation worrying country of the world. if they say it's not a problem, nobody else thinks it's a problem either. >> pick up the gold theme. the metal markets are closing. let's go to sharon epperson. sharon? >> rather quiet trading session here in the gold market, simon, looking at prices slightly lower today and, yes, we have seen lower prices over the last three days or so, but gold was able to pare the losses here and seeing a push and pull and traders talking about it. pointing out that you have t

the victim is jennifer procter wills. they say she is a teacher at roosevelt high school in prince george's county. the other victim, her husband, jeff. they are both in critical condition after being shot and tan away from -- taken away from this location by helicopter early this morning. when first responders came, they found a man had barricaded himself inside the house. they eventually broke in the door at about 9:30 this morning and found that man dead inside apparently from a self- inflicted gunshot wound. they are identifying him as the son of mrs. wills and the stepson of her husband, jeff. jeff a well known figure in the neighborhood. he's the landscape guy that cuts many of the lawns around here. everybody loves this man they say and they're absolutely shocked by what's happened here. apparently the shooting happened inside the house and the two victims, the man and woman got outside the house before they collapsed and the shooter then went back inside. sheriff's deputies here in charles county are still at this

. >> reporter: not yet but procter and gamble says it will. have a double latched lid and larger warning and it started shipping and should be on shelves soon. other manufacturers say they too are now reviewing the safety of their packaging. poison control experts say pods should not just be out of reach of children, they should be locked up. >>> governor chris christie gets fired up at a press conference. a question prompts this response. >>> it is a mess out here. you are lucky if you have power this morning. that's a situation for a lot of people. i'm megan pringle, we have a live report in a moment. >>> i'm linda so, how this family's son was killed as he was trying to get home. >>> good morning, i'm charley crowson. megan pringle is life. mike massco is in for lynette. you've had a long weekend. >> long weekend. started on friday and last night we had the storms again. it was wild, one, two, three, we will have more storms. maybe isolated storms. broader picture, next 7 days, my power goes out again, you better

procter & gamble says packaging will soon have a double latch and larger warning they should be on shelvessoon. poison control experts say they should be locked up. >> my daughter asked to do the dishes -- [ unintelligible ] when a long conversation about how they look and what they are and to be detail. have the conversation. >>> 4:47. now your ride to work could be more expensive. >>> next, fare hikes that you -- >> definitely want to know about. >> also, critical vote looming into the state legislature that could determine the fate of california's high speed rail system. >>> new development expected today in the trial of the man accused of beating a bay area priest that he says molested him as a boy. >>> big butte from washington, d.c., the -- big boost from here you go little man. [ humming ] [ babbling ] the cheerios bandit got you again? [ both laugh ] ♪ the one and only, cheerios ...and now... you! [ giggles ] ♪ the one and only, cheerios

procter & gamble rose on a report activist investor william ackman is buying into the company. merck also rose 4% after a successful trial of its new osteoporosis drug. tech struggles continued after infosys warned of sluggish sales, plunging 11%. >>> on the plus side, texas industries broke a ten-quarter streak of losses, posting a quarterly profit and surging 14%. >>> upbeat data didn't dent general gloom over sluggish earnings. initial state unemployment claims dropped to the lowest level in four years. >>> falling oil costs sent june's import prices falling by the most in more than three years. >>> moody's downgraded italy's bond rating by two notches, just above junk status, warning further downgrades could be on the way. >>> wells fargo will pay $175 million to resolve allegations that it charged blacks and hispanics higher rates and fees on mortgages during the housing boom. a government investigation found 34,000 times wells fargo charged blacks and hispanics higher fees and rates compared to similar white borrowers. but the bank, which now funds one out of every three

earnings report from procter & gamble this week and pfizer. as well as these auto makers.esday the s & p index will be out tracking housing prices in 20 cities across the country. auto makers will report in july and the feds open market committee wraps up a meeting on wednesday. on friday, the monthly employment report will be out. typically, a market mover. winning gold is not what it used to be and it's pricier than ever. the medals awarded will be the most expensive produced, thanks to higher commodities prices. gold is up 45% since vancouver in 2010, silver up 77%. 2012's gold medals weigh in at 412 grams, 92% of which is silver bullion plated in gold, bringing individual cost to about $640 and proving that all that gliters isn't always necessarily gold. best of luck. that will do it for us today. my guests next week randy kroszner will be here. have a great week, everybody. see you again next weekend.

so you like procter & gamble. >> procter & gamble fits the bill again in the united states if things slower. people will continue to have to buy the staples. and again, in the long term, in the emerging markets people who couldn't afford the staples in the past as the middle class is created will start to buy them. a good balance sheet. that's the type of company with a dividend you want to own. >> this is all sort of defensive. >> you have to have very low expectations if you can make 5% a year, in the environment we're in you're doing just fine. >> always a pleasure to see you, managing director of zephyr management. >>> i continue to tell you of an impending economic storm, and i continue to tell you there's little you can do about it except pressure your members of congress and cast an informed ballot. but there are some things you can do. more personal things to protect your investments. rebalance your portfolio. these are issues that christine romans and i have spent a lot of time studying about in our book "how to speak money." three chapters dedicated to these issues that can

we saw china being week, nike talking about emerging markets and we saw procter & gamble. i see a potential global recessionary scenario. >> and we heard from ford, we saw earnings estimates come down on cat and alcoa. is the bar set too high as we head into earnings seasons which starts on monday with alcoa? >> we may see slowdown on alcoa. we did see a synthetic put buy into january '13. a lot of negative activity in the options market, intel ahead of its earnings play, eem, a trade of nearly 30,000 put there is. there's concern very short term but i don't know if i'm that negative a recession is coming. i think maybe there's a slowdown but when the market sells off, it's an opportunity to jump in and buy. >> the problem with the number today is that it was worse than expected but not so much worse than expected that everybody could start to rely on the fed for qe12 or whatever is next. the vix was in quite a bit today. i thought that was impressive given the fact that the s&p was down almost 1%, down quite a bit in the middle of the day. there were horrible names like c

also supporting the dow, shares of procter and gamble. the government gave the green light for the hedge fund pershing square capital to acquire a bigger stake in p&g. shares of the consumer products giant rose nearly 4%. it's now trading at its highest level since mid may. the consumer staples sector also had a big loser today, supervalu. the stock plunged 50% after it reported declining sales and earnings. on top of that the supermarket operator axed its dividend, and said it was considering the sale of all or part of the company. supervalu has had difficulty competing with wal-mart and target. the competitive landscape spooked investors in other supermarket chains. safeway shares tumbled more than 12%. it was the hardest hit in the s&p 500 today. kroger shares lost nearly 4%. and, it was the "boot" today for the head of general motors' opel division, the unit's fourth management shakeup in less than three years. germany's opel will be run by gm's vice chairman, while the company looks for a new boss. the move came as a surprise, and an

nike, procter and gamble, best buy, and others have also reported slowing sales in china. u.s. firms selling commodities and machinery are also likely to feel the impact. >> i think those companies will be most affected. i think you will also see technology be affected. china tends to be a pretty big consumer of electronics. >> reporter: but it's important to keep perspective. asia represents only about 7% of s&p 500 sales, and only a portion of that is china. europe and the u.s. are far more important markets. in addition, there are plenty of companies that are pretty much immune to what happens outside the u.s. >> utilities, telecom services really don't have demand coming from other parts of the world. it's just about demand here in the good ole u-s of a. >> reporter: the slowing chinese economy may even have some upside for american consumers and businesses. the weakening demand from china is a key reason gasoline prices are falling, and that means extra money to spend in u.s. retail stores, restaurants and other places. erika miller, "n.b.r.," new york. >> susie: the slowi

endorsements before he won that god medal last night and making $2.3 million innocent doersmentes of proctereeos and mutual of omaha. winning one or two more gold medals, that's harder than probably in our lifetime but he could surpass michael phelps' endorsement deals by -- michael fell ms making about $6 million in endorsement deals in 2010 and set to make more money winning the 1 or 2 god medals. >> really? you think that's the gauge? he went 8 for 8 the last olympics. that was a phenomenal feat he did. you think that ryan just by doing another gold medal or two -- i agree. just won another gold medal, no problem, but he can do better in terms of ringing up the financial endorsements? >> here's the reason why. lochte was on the cover of "vogue." he looked amazing with the models and a lot of these advertising analysts are saying that they're just quite frankly advertisers are fell ms out and he's really -- they want someone who's in the american conscious right now. he is doing really well. he is personable. someone said he has a personality, one like a golden retriever. i don't think the

procter & gamble used our products at the shanghai expo. we had a pretty cool exhibit where they were trying to show all these products about the body. they make a lot of things for your body. we have a project we're doing with coca-cola, for example. they have a kiosk that they're putting in stores and it lets you play and have kind of like coke pouring all over your body. we also work with a lot of museums like the museum of science and industry, the exploexer toyum in san francisco, also a lot of strange places, what i called weird museums that don't fia normal model like a science fiction museum, the music museum in seattle. probably the biggest like value proposition of our company is that there's less and less reason for people to go out anywhere and do anything because they can buy everything on the internet, they can watch movies on a huge screen at home, they can play video games, so we offer experiences that still aren't at home and essentially will never be at home because they're huge. they're things that are 14 feet, 20 feet wi

we'll get earnings reports from procter & gamble and pfizer, as well as automakers gm, fiat, honda and s&p case shiller index will be out trking housing prices in 20 cities across the country. wednesday is august 1st. automakers will report july motor vehicle sales. and the fed's open market committewill wrap a two-day meeting also on wednesday. on friday, the monthly performance report will be out. we'll find out how many jobs the economy lost or gained in the last month, typically a market mover. >>> winning gold is not what it used to be and it is pricier than ever. the medals awarded at this summer's olympic games will be the most expensive produced thanks to higher commodities prices. gold is up 45% since vancouver, silver up 77%. 2012's gold medals weigh in at 412 grams, 92 pr% is silver bouillon plated in gold, bringing costs to $640 and proving all that glitters isn't always necessarily gold. best of luck to the competitors at the london olympipics. that will do it for today. thank you for being with me. next week, randy crossner will be here. weep it here where wall stre meets

gabby's hard work earned her a profile on youtube by procter and gamble. >> how can i send my child tot is so far away? how can i do that? >> reporter: she did it because she believed in her daughter, and today that sacrifice paid off. gabby and her teammates won gold. all worth it to represent your country. julie foudy, abc news, london. >> also part of team usa. thanks so much for watching. remember, "new york med," an episode tonight. we will see you again tomorrow. [ crows cawing ] [ male announcer ] strange things happen in the black forest. [ metallic bell toll ] [ car speeding down the road, lightning strikes ] where things aren't always what they seem. [ wolves howling ] because thrills hide in the shadows just waiting at every turn. [ coaster whoosh ] brave the black forest on verbolten.

gabby's hard work earned her a profile on youtube by procter and gamble. >> how can i send my child tot is so far away? how can i do that? >> reporter: she did it because she believed in her daughter, and today that sacrifice paid off. gabby and her teammates won gold. all worth it to represent your country. julie foudy, abc news, london. >> also part of team usa. thanks so much for watching. remember, "new york med," an episode tonight. we will see you again tomorrow. wççÑçÑ yoo-hoo! mom? i hear you're having a tough day, so i brought you a freshly made sandwich. you made me a sandwich? no, dunkin' did. but i wrote the note. dunkin' bakery sandwiches are freshly made just for you. grab a turkey cheddar bacon sandwich today. america runs on dunkin'.

. >> but 20 alec members from coca-colaçó to procter & gamble quit alec this year unhappy with the group'sntroversial noneconomic issues, from stand your group self defense laws to strict photo id laws, which critics say make it harder for minorities and the poor to vote. >> voter id as an issue is the reason that wal-mart pulled out. >> wal-mart is not exactly a liberal company. if i were to go to wal-mart and i were to amendment to buy a bottle of beer, i would assume that wal-mart would ask me for oifks i would hope most americans cherish the right to vote a little more than they do the right to buy a bottle of beer. coke, dell, johnston and johnson, wal-mart, these are huge companies that are saying, enough, we don't want any part of this. >> we have our refocus, and it is going to be specifically on these fiscal issues, limited government, de recho regulation. >> but common cause, the government watchdog calls alec a lobbying group and wants its nonprofit fax status revoked. >> that is just an attack from a liberal critic and with 25 new companies joining this year he says alec remain

but procter & gamble says it will. the packaging on that their canisters will have a double latch lid and started shipping and should be on shelves soon. other detergent manufacturers tell us they too are now reviewing the safe of their packaging. in the meantime, poison control experts say pods from any detergent maker should not just be out of reach of children but locked up. sharyn alfonsi, abc news, new york. >> we'll stay on it. our thanks to sharyn tonight. >>> when we come back the image over my shoulder, the great white shark spotted off of a very popular beach visiting just in time for the fourth. we'll be right back. did you know when heartburn, it's too late to take prilosec because... but it's but zantac® works differently. it relieves heartburn in as little as 30 minutes. in fact, so, when heartburn strikes, try zantac® this has been medifacts for zantac® i've been fortunate to win on golf's biggest stages. but when joint pain and stiffness from psoriatic arthritis hit, even the smallest things became diff

but it also means nike is not selling as many sneerks, procter & gamble, mcdonald's feeling the hit. caterpillar isn't selling as much he ro equipment because the china-- chinese aren't building add much. >> jeff: at midnight tonight thousands of computers infected may not be able to get on-line. because the fbi is shutting down internet servers set up as a temporary safety net to. see if are you infected go to dnc-okoy u.s. the problem was create approximated by hackers who ran an on-line advertising scam. ahead, small bird, big business, its unusual partnership to save the sage grouse when we return. just because we're in that over 50... what does that mean? are we done? activia helps regulate your digestive system when eaten daily. these could be our best years yet. ♪ ♪ [ male announcer ] you've been years in the making. and there are many years ahead. join the millions of members who've chosen an aarp medicare supplement insurance plan insured by unitedhealthcare insurance company. go long. [ female announcer ] letting her home be turned into a training facility? ♪ this olympian'