again, apple versus procter & gamble. brian. >> there are so many ways to go with this. looking forward to that heavyweight match-up. somebody's going to get swifed. >>> two managers joining us to weigh in on those two dow components that are left standing. high- hugh, do you like either p&g or apple and if you had to pick, could you. ic a favorite? >> this one is very clear to me. i own apple. all of my clients own apple. periodically we've been buying apple but we've been buying it on weakness when it shows up and it does show up periodically. there's using very very conservative assumptions on revenue growth taking it down to say 4% from the 15% to 20%-plus that we've been seeing taking margins down from 35% to say 30% for 2016 fiscal year you still get a stock that's undervalued. so i would continue to do what i'm doing right now. which is buy apple on weakness. now keep in mind my worries about valuation. so don't be too much in a hurry. the stock market's got to go lower. apple may go a little bit lower with it but

i was working in brand management for procter & gamble and trying to develop a technology that procter gamble could use to manage their business more efficiently. i started collaborating with some academics at m.i.t., eventually we decided that they should fund the research. in my tea invited me to go manage that program. i was the deputy director of a lab called the auto id center. my status was visiting engineer. i have a liberal arts degree. my degree is in scandinavian study. i am not qualified to go to m.i.t. at all. my job there was to manage research, make sure the research got funded, make sure it stayed focused on the applications we needed to deliver. it was a successful program. my cofounders at m.i.t. led an amazing research program eventually we had labs at five other universities around the world. peter: did you have a small, isolated focused team? kevin: absolutely. we had probably a couple of dozen phd and graduate level researchers doing most of the work. similar teams at other universities around the world that i mentioned. everyone had an incredible sense of mission.

i was working in brand management for procter and gamble to develop a technology they could use to manage the business more efficiently and they started collaborating with the academics and eventually we decided to procter and gamble should fund their research and in fact they invited me to go and manage the program programs alive is the executive director of the lab called the auto id center and my status was visiting engineer which is kind of funny because i have a liberal arts degree. i spent four years studying the 19th century norwegian so i'm not qualified to go at all but my job there was to manage their research and make sure it stayed focused on the applications. we needed it to deliver and it was a very successful program. my cofounders who i should mention this led an amazing research program around the world. >> host: did you have a small isolated focused team lacks >> guest: absolutely we had a couple of dozen graduate-level researchers doing most of the work at mit and a similar teams around the world that i mentioned and everybody had an incredible sense of mission and ever

and i want to focus on procter. look. i know procter is going to miss the quarter. not doing that well but they have a lot of levers and a good balance sheet. they can break the company up and the yield is 4%. buy procter at 4% and put it away and they figure out what to do. goes to 4 .5%, it's a real company with real companies. it does a lot right. they charge too much for gillette. thank you, schick for sending me a new razor. >> they did not. >> they did. >> quintanilla is harder to spell than cramer, maybe. >> there it is. at 5%, procter is a bow wrapped up gift. that's the way you need to look at it at home. i hope procter goes to five, because i can put it away. >> what's on mad tonight? >> you want a temperature of the consumer? it's pvh. manny chirico does a wonderful job. once again, i'm not crazy about any market that opens up. procter and general mills, as it goes down, you buy them. don't buy them up. nothing up is sustainable. >> jim, we'll see you tonight. >> all right, guys. it's going to be another long one. >>. >> it's so long. 3:30 is a long time

mike: when you were at procter & gamble, you emphasized value-based leadership. my favorite is you say companies must do well to do good and must do good to do well. explain. secretary mcdonald: playing on the private sector in particular, the purpose of the proctor and gamble company is to improve lives. the employees are inspired by that purpose. you cannot create products that improve lives and trash the environment at the same time. one of the things i was most proud of is the clinton global initiative a few years ago, i made the commitment for procter & gamble but by 2020, we would save one life an hour by providing clean drinking water. we invented a chemistry that allows us to clean 10 liters of water in developing countries in 20 minutes. water is a huge issue. the average woman walks 14 kilometers a day to get water and firewood. it is a huge issue. over 2000 children die a day from drinking unclean water. if you have a purpose for the company of improving lives, you have to make that purpose pervasive in the country. it has to be a part of your philanth

apple and procter & gamble are our buy the dip finalists.in correction territory you the viewers think is the biggest buying opportunity here. >>> ufc champ ronda rousey has been des sim nating her competition. find out whether her next fight will shatter pay per view records when we speak to lorenzo fatito. stay right here. g you have to wear this thing? ♪ can it tell the flight attendant to please not wake me this time? ♪ the answer is yes, it can. so, the question your customers are really asking is, can your business deliver? >>> let's take a look at the dow today. the nasdaq was a weak lent down and crude as well here. it settled down around $44 and change. and a couple of stocks that got hit particularly hard today, tesla settling down a little under 9%. fitbit after the gross margin concerns down more than 13%. viacom reflecting real weakness was down 14% today. >>> we've been counting down to this moment all day. dominic chu has been tracking tournament style which stocks twitter fans are buying on the dip. it's finally time to revea

the purpose of the procter & gamble company is to improve lives.in the company are inspired by that purpose. so you can create products that improve lives and trash the environment at the same time you have to create sustainable products. one of the things i was most proud of the clinton global initiative a few years ago i made a commitment to the procter & gamble company that by 2020 we would save one life in our by providing clean drinking water. we invented the chemistry that allowed us to cling 10 liters of water in developing countries in about 20 minutes -- cleaning -- the average woman in a developing country walks 14 kilometers a day to get water and firewood for her family. water and and firewood to boil the water. it's a huge issue and over 2000 children die today from drinking non-clean water. so i think if you have a purpose for the company of improving lives, you have to make that purpose pervasive in the company. out to be part of your philanthropy as well as part of what you do commercially. >> reading your leadership manifesto what

i was working in brand management for procter & gamble and trying to develop a technology that procter & gamble could use to manage its business more efficiently. and i started collaborating with some academics at mit and eventually we decided that proctor should fund their research, and mit inviolated me to go -- invited me to go and manage that program. so i was executive director of a lab called the auto-id center at mit. my status was visiting engineer which is kind of funny, because i have a liberal arts degree. my degree is in scandinavian studies. i spent four years studying 19th century norwegians, so i'm really not qualified to go to mit at all. but my job there was to manage the research, make sure the research got funded, make sure it stayed focus on the applications we needed it to deliver, and it was a very successful program. my co-founders at mit, who i should mention, professor santo sharker and dr. david brock, and eventually we had labs at five other universities as well. >> host: did you have a small, isolated, focused team? >> guest: absolutely. absolutely. we had p

bill: mildly in your old standards, your procter's and johnson's -- erik: blue chips. bill: yeah.k: before we finish, there is something i would like to know. you seem happy. are you happy? bill: yeah. i am getting happier. you know, four or five months ago was a low point. but everybody has low points. erik: there is volatility to life, too, right? [laughter] bill: and i am not suggesting that was the low of lows. having had the career i've had, you know, my wife daily told me to get over it. and -- so hopefully i am done with most of it. i am happy to be with sue, and to have a family that is healthy. every time we walk on the weekend, we say, you know, none of the kids have ever had broken bones or an accident or -- we have been really lucky. and so, yes, it gets to a point where if you're not happy with that type of situation, you might as well, you know, pack it in. erik: how would you describe your quality of life right now? bill: well, you know, personally, i would start with my health. i am healthy. and so that is high-quality for a 71-year-old. many aren't. you know, i --

i made the commitment for the procter & gamble company that by 2020 we would save one life an hour by providing clean drinking water. we invented the chemistry that allowed us to claim 10 liters of water in developing countries in about 20 minutes. water is a huge issue. the average woman in a developing country walks 14 kilometers a day to get water and firewood for her family. water and firewood to boil the water. it's a huge issue. over 2000 children die a day from thinking unclean water. if you have a purpose for improving lives, you have to make the purpose pervasive in the company. it has to be part of your philanthropy as well as commercially. >> reading your leadership manifesto or christian faith is to you. >> it is. i am a devout christian. spirituality has been part of my life. obviously in my beliefs i wrote this in a secular way because i was leading a large global company. i think spirituality is important and what we do in the va. we have chaplains. you choose if they do want to follow but we have chaplains in the spiritual nurturing of those import as physical nurturin

procter & gamble up 41%. does this matter even around the edges, grasso? >> no.ecause amazon crushed those on its ten-year returns. it's all speculation. you don't know what's really going on inside those walls. people have a bigger plroblem with amazon. it's profitability. they've shown they can become profitable if they want to turn that switch on or off and worry about investment in the company going forward. it's amazon web services. that's the reason why you buy this. growth all over the place there. i've been bullish for a number of years but at this point maybe you do take a little bit off the table and maybe you just look for a little bit of a pullback that dan was speaking of. >> next up here a big day for tesla gaining after a bold call from morgan stanley the first raising its price target to $465 from 280, a new street high saying the increase reflects tessa's potential to lead revolution in shared mobility. we went through the note. it was pretty far out. the note envisions a future in which 100% of their revenue shift from the sale of human driven/i

but other big dow components, exxonmobil off 28%, wal-mart down nearly 27%, procter & gamble down 23%, these companies are telling us that there is a lot of fear out there in the marketplace. >> glor: an you're expecting a bumpy ride on monday. >> fasten your seat belts. corrections don't usually end exactly a 10%. we often will overshoot it but again if you are a long-term investor, please you shouldn't be altering your game plan. stick to that strategy. and you know what, when are you looking ahead and thinking about what is going to happen, is the fed going to raise rates or not t won't really impact you. you are a long-term investor. stick to your plan. >> glor: jill schlesinger, thanks very much. >> thank you. >> glor: in france tomorrow the three americans who tack down a gunman on a train to paris will be presented with the leguon of honor medals for bravery. the u.s. airman who first tackled the suspected on friday shared his story today for the first time and charlie d'agata was there. >> he seemed like he was ready to fight to the end so, so were we. >> reporter: and fight t

so procter & gamble alone with half a billion dollars with south africa ament nigeria but i would say competitive challenges that they stem from operating in developed markets just like if we all looked out the window to think the rest of the world thinks like we do we actually are abnormal for the rest of the world with traffic, the urban cities of though world operate very different purpose 7/8 - - what i see them struggling with is they are working the way they always have worked and one of the vintages from india or china but they have villages in their own countries so they are used to that messiness of rapid development. we reduced to that in the 1890's but it has been a while. >> but for two generations so can you talk about those challenges? >> what do i say? [laughter] but there are lots of little challenges and to power through them and the question ended say good one to stop and think about it as they come from different countries they are funded it ubique is with balance sheets. the american accompany has a balance sheet of loan reading the of rules are a little bit differ

i mean, surely procter & gamble has done some research into this. in toothpaste commercials, people kiss. or i mean, it's about sparkle, right? if you told me that that would prevent some sort of gum disease down the road, but this one over here would make my teeth sparklier, i'd buy the sparklier toothpaste. you know what i mean? i don't think we make that decision in the drugstore based on overall health or we wouldn't buy cigarettes and vodka at the same time. amit: well, the question is, you buy cigarettes and vodka, but can you make your trip to the dentist an easier one? what people are doing is they're buying product, i used to buy product before i got into this business, which i thought i was doing a good job. america is a developed country. i thought i was buying something which was good for my teeth. i didn't realize what it did and what it did not do. when you have been told you have gum disease, you're looking for a solution. i don't have to market this. i have 66 million people asking for it because they know a cleaner mouth means less

sponsorships by nike, procter & gamble, kellogg's, and coca-cola are already lined up.nal hockey league is getting a helping hand from the summer game. the company will run the nhl network and hockey's streaming services -- mlb's tech arm. brendan: they did the streaming for the world cup as well. they know how to do it like nobody else does. tom: it is huge what they are doing, and not just sports. they do "game of thrones" on hbo now. it is major league baseball doing that. this is your future. martin: it is certainly one of the things we have to think and take heavily into account to change. i said to you in the break, measurement has got to improve as well because the old linear media, the hyperbole is too hi new media is too low. tom: brennan, get us started. brendan: the sec meets to vote on one rule from the dodd frank act, now five years old. disclosing the ratio of media pay to ceo pay. this is not the rule right? you could write it down in a paragraph and understand why it takes so long. >> there has been a lot of back and forth. the sec had 61 of these rules

expecting record advertising sales to exceed $1 billion with from sponsors including nike, procter ande, catalog and coca-cola. on pace to top of the london games. television ratings should benefit from rio's timezone, one hour ahead of eastern time in the u.s. the national hockey league taking a page from major league a spot when it comes to digital operations. the nhl has signed a six-year agreement with them tech -- with bamtech to operate streaming services and nhl network. nhl commissioner gary thabetman called the agreement transformational. coming up on bloomberg "markets -rated corporate bonds performing badly. is the weakness in the debt market a sign of more to come? china was supposed to be a place , our consumerss still spending? one hour from obama's speech on his iran deal. he will defend it from critics who charge it will lead to an arms race. shares of motorola solutions up after silver lake invested $1 billion. plans to use the cash to grow public safety products and diversify away from radios and pagers. the company reported second-quarter earnings of $1.4 billion in

from nielsen from a business perspective, as we have been informed, they make far more money with procter & gamble than they thought about with us, then you ask yourself, why do they care about us. we are the missing piece to the puzzle to monetize and represen they have listeners from home to cash register.th without us they don't have that. story. i think they owe us more than what they are giving us.ore th that could lead us into pitch an forks and torches and we'd haves to give john a head star. i'm not here to bash nielsen, tg i'm just here to present the ivd truth. the truth is we're out selling e numbers that have a band on thee that don't -- or a bracket that we don't represent.that i was proponent of putting r whoever on estimates. it's easy to do.rep put your mouse over a number ant get margin of error. they can do this. they can build it in. they know they can do this. they don't want to do this.ey dn does it bother me?does yeah, it bothers me.ers what bothers me is when people p are misrepresenting the truth rh and that is a blatant a misrepresentation of the truth. we're payi

to network expects sales exceed a billion dollars with commitments from sponsors like nike, procter &logg and coca-cola. on pace to top the 2012 london games. it is one hour ahead of the eastern u.s.. all those events live. that is a look at some of the top stories of this hour. coming up, netflix is offering new parents unlimited paid leave in the u.s. will it catch on with other companies. tesla earnings out after the bell. will talkt hour, we to chief u.s. equity strategies for citigroup and get his take on what is ahead for the markets. he is not that doomed. no doom and gloom for him. all that and more coming up. apple's comeback story continues. shares were down to the lowest levels since january be forced that -- before snapping back. erik schatzker and stephanie ruhle sat down him why eyes and asked he is so confident that apple stock will keep going higher as he predicts. guest: it is a white knuckle period with the apple number that was vary strong but did not beat expectations in terms of the june quarter. i think this is a three-month battleground period. to of iphone user

a billion dollars, including sponsors like nike, procter & gamble, and coca-cola.ision ratings should also benefit from rio's time because it is one hour ahead of eastern daylight time. the national hockey league is taking a page from major league baseball when it comes to digital operations. the nhl has signed a six-year agreement with than text -- with ch.te those are your top stories. coming up in the next half hour, we've got much more, including one of manhattan's most famous residential buildings the subject of a new book. we are talking about the dakota, how it has stayed at the top of the real estate market for over century. at 3:10 p.m., regulators will need to force companies to disclose more on how their average workers are compensated compared to top executives. all that coming up on bloomberg market day. shares of motorola are up after silver lake invested $1 billion in the company. the only news out of the company today. guest: we have three different announcements you this morning. revenue aheadt, of expectations, eps ahead of expectations, solid cas

it's not going to affect walmart the way it would procter & gamble. the issue of wages, we have seen several measures and certainly a movement across the country to get wages up, but have further disclosure among ceos. there was a rule out that said companies need to come out with ratios between how much the ceo makes to their average worker salaries. really something that is going to hit retailers. are you for something like this? tom: i think it's a waste of time. if you look at a goldman sachs are prettytaries low. the ratio is going to look worse, so i think it's a leading statistic rot on by the unions. strategic way to which you change the structure at walmart? what would you do to reinvigorate the retailer? tom: i think home depot is a good example of doing it the right way. as opposed to getting a lot of different companies and businesses, they focus on providing great service am a great selection, and driving the productivity of their box. there role model is what everyone should be trying to do. betty: how about amazon and all the pressure o

blocks of soviet-era soap sitting in front of them and people sitting hoarding cans of bottles of procternt. >> you get more on hits and misses of the week. if you have your own hit or miss, be sure to tweet it to us at jer on fnc. that's it for this week's show. thanks to my panel. i'm stewart varney. catch me weekdays on "varney and company" 9:00 a.m. sharp. paul is back next week. >>> gunned down from behind in cold blood. houston mourns a veteran police officer after a brutal execution style murder. >> it's tough enough being a deputy and being a law enforcement in this country right now, but for people the way that they are right now, i have no words for what this type of person did. >> surveillance tape shows the gas station shooter will have the latest from a police news conference on the search for the killer. >> and mother nature's fury. as tropical storm erica rips through the region toward the coast. is erika losing power? we'll get you the latest. >>> question to ponder this saturday, why is one of the country's most popular fast food chains facing a ban at one of the nation's

procter & gamble yesterday down 3.7%. right now up 2.4%. hasn't quite recouped the losses from yesterday. we're not tacking in the losses from thursday and friday also. you got to remember this was a big sell-off. across the board, plenty of green arrows on decent volume as well. back to you. >> thank you so much nicole. great to see. >> you you, too. >> he was an aide to former treasury secretary tim geithner during the 2008 financial crisis. why he says this is not 2008. that's an option? you pay your car insurance premium like clockwork. month after month. year after year. then one night, you hydroplane into a ditch. yeah... surprise... your insurance company tells you to pay up again. why pay for insurance if you have to pay even more for using it? if you have liberty mutual deductible fund™, you could pay no deductible at all. sign up to immediately lower your deductible by $100. and keep lowering it $100 annually, until it's gone. then continue to earn that $100 every year. there's no limit to how much you can earn and this savings ap

it will not affect walmart the way it will, for example, procter & gamble. betty: on the issue of wages, tom, we've seen several measures and certainly a movement, tom, across the country to get wages up but you also have further disclosure among ceo's as to how much they make. there is an sec rule that says ceo's -- companies needed to come out with ratios between how much of the ceo makes to their average -- to their average worker salaries. i mean, this is something that people say is really going to hit retailers. are you for something like this, tom? tom: no, i think it is really a waste of time. because frankly, if you look at goldman sachs, where the secretaries are making six-figure salaries, the ratios will be fairly low. walmart andat a even if the senior management will not make as much money as the guys that goldman sachs, the average hourly workers at the much lower level, the ratio is going to look worse. i think it is a misleading statistic brought on by the unions. pimm: i wonder if you could tell us from the strategic point of view, could yo

goes to 200 dollars a barrel, and europeans have to pay that, they cannot buy our apple products and procterble products. their economies will be crippled, even if in america we have all of the oil we need. charlie: defending in syria. the argument in this piece goes on to say, it may very well mean moving not only against isis but also against assad. mr. jordan: i think there is a chance of that. it is very dangerous, and the enthusiasm for going after assad has abated a bit, and it is a much more dangerous adversary -- charlie: it seems to some that in the beginning, it was all talk about assad. he has to go, he has to go, he has to go, and neighbors were saying it, turkey and everyone else, but then as isis rose, there began to be less said about it. mr. jordan: there is turkey's role in all of this, and their recent animation has been welcomed, but it may also be subterfuge for them to go after the kurds on their borders. charlie: motivation. mr. jordan: they clearly would be like to be rid of assad, and part of this three-dimensional chess game will involve what we can do to motivate tu

procter & gamble allowed put about half a billion dollars into manufacturing facilities, one in south africa, one in nigeria. said they are there but i would say we do face competitive challenges and some of those challenges are purely -- they stem from operating in developed markets for so long. it's just like if we only got the window and think that the rest of the world lives like we do, we actually are abnormal for the rest of the world. traffic, the way the urban cities of the world operate is very different than the developing world. so when i see companies struggling with the developed market mindset. they are static and work in the way they've always worked and one of the advantages if its not hard for them to do the ends because they have villages in their own countries. so they are used in the throes of messiness of rapid development. we were used to that in the 1890s. it's been a while. >> we were talking about how you can't have a company in south africa without having at least not one, but too just in case it breaks down. can you talk about the challenges? >> share, where

they're all recognizable and the big rails and the big truckers, outtiment utilities a stocks and procter & gamble is down twiefr% respectively and they're profitable companies with solidly easily covered dividends and these are great american companies that are being killed. however, there are too many stocks to list in the down 10 and 20% categories for me to just show you the carnage, but let's consider some of them that are down 30% or more. abercrombie. advanced micro, amd, applied materials, barrett gold, blackberry, century link, genworth, spx, u.s. steel, and ultra petroleum, united rail, and yahoo. and these are all big companies and almost all of them are profitable except for the oils. that's right. they make money yet they've been thrown away pretty much every day. the down 40 percenters are well known. alcoa, allegheny tech, avon, chris natural and danbury resources and devry education and joy global, kate spade, marathon oil, coors, murphy oil, oil state, ralph lauren and sandisk and southwestern energy, thai water and winstreak, wynn resorts and again, these are mostly prof

. >>> a new spokesman for procter & gamble's head and shoulders shampoo, new york giants wide receiverbeckham jr. is the company's ambassador. he joins retired steeler troy polamalu reached legendary status with the ads over the last six years. that is your cnbc news update this hour. back to you, michelle. >> i want to be a hair ambassador, sue. all these years in television for me and you, it is always about the hair. right. right. >> excellent. thank you. >>> all right. let's show you the markets right now, because we have had a lot of midsession volatility because of the stan fischer interview that steve liesman conducted exclusively here on cnbc, just before noon. the s & p and the dow got pushed into positive territory during that interview, came off those highs and now, off the lows as well. so the dow is lower by about 24 points, s & p 500 essentially flat. nasdaq sometime in positive territory. let's look at some of the nasdaq losers today and what's holding back that average. >>> a sector we don't talk about much easily beating the s and p 500 over the year. adeep wall ya is

procter & gamble, dupont, united technologies at 52-week lows. so at this point, you might say we are seeing indiscriminate selling but the market is falling nice and i think the best move is to sit on your hands and wait for the shakeout to continue. deirdre: gary, i'm throwing twitter out there for no particular reason. twitter under $30 a share, and today it was much lower. we'll show you the chart in just a minute. you're looking at oil. there's twitter on the screens right now. at $30 a share. twitter is now cheaper than the privately held snapchat. that's just one contextual point. there has to be something somewhere in here where a value investor can play? >> well, first of all, i love that jonathan used patty wagon. i'm going to have to use that for myself. that is the essence, and that gets back to the twitter, like twitter, love twitter, hate twitter, i would not be a buyer of twitter. i don't care if you are a value investor, go-go investor, whatever you call yourself, now is the time to buy. if you look at the chart of twitter, this i

procter & gamble at 74, that's a new low. caterpillar is not far from a new low. no the far, intel also believe it or not, not doing very well this year, either. also weak, this is one of the reasons you're having some of the big sectors that are low here, multi-industry, the big global names, owens-illinois, rockwell, dover, illinois tool. the companies i cover that do the parts for aerospace and the parts for buildings are all weak again today. this is again the global slowdown story, not necessarily commodities, but global slowdown story in general. glencore does not trade in the u.s. they trade in london and came out with their half-year commentary. their cash flow was down 30%. this is one of the biggest commodity companies in the world. they talked about hedge funds shorting the commodity space as one cause of the decline. we know the slowdown in china is the main cause. that stock has been in freefall since june. it is no coincidence, carl that june is when the notable slowdown in china happened. glencore is essentially down almost 30% since china really st

then this -- i would definitely choose procter & gamble over american express. p&g is a safer bet.w what some of the guys on the desk think. >> i'm not shocked at any of the initial results by any stretch. from here forward, though, apple or exxon and why? >> i don't like the seeding. the left side of the bracket. apple and exxon should be the one and two seed. why are they playing each other in the second round? they should be playing in the championship. i think they should be one and two. i think apple will obviously win out over exxon-mobil. the right side of the bracket is weak. i'm going to talk about two other names and i'm not sure about the seeding thing either. but viewers know my spiel. throw those up. i'm looking for strength usually. i'm not usually playing this game like which correction should i buy. but i guess you could be a little bit constructive on walmart. stock is putting in a higher high. it also happens to be right at a previous support level. you'll know if you're wrong in this trade immediately. your stock goes beneath $71. if it's going to bounce here, gr

he previously served as chairman, president and a ceo of procter & gamble. >> next is al-jen poo who is the director of the national domestic an alliance and caring across generations campaign. she has been org thighsing immigrant workers since '96. she helped launch caring across generations to address two of the major social issues of our time, widespread unemployment and the need for care for the nation's expanding population and she published a book "the age of dignity". >> next a frank fernandez who serves as vice president of government programs and president and chief executive officer for blue cross and blue shield of minnesota where his role folk sus on medicare, medicaid and the federal loi programs. he was elected president and ceo of blue plus in 2010. >> harry leider is a general interpret i. nis with over 20 years experience in a variety of healthcare organizations and currently the vice president of walgreens and is responsible for ensuring enterprise health and wellness service offerings and outcomes that provide and improve patient lives. sitting mention to me is bri

we saw it in companies like procter & gamble just in the last week or so. to me i think we have a very dangerous situation especially when you see these sorts of industrial commodities acting so poorly. it speaks to me this time around more of a demand issue than a supply issue. >> then you layer on top of it the loss of leadership. we haven't talked about apple yet and we'll get much deeper later in the show. it broke below its 200-day average p. it's in correction territory. >> there are some areas in the market you look at and say i feel pretty comfortable. other areas, energy, technology, that makes you uncomfortable. you look at financials, health care, the pooid spooidar, the s&p 500 bounced off the 200 day and moved up to the 50-day moving average. there's all types of ways to look at this market. the concern i would have right now i brought this up earlier in the day is the focus. the focus now is going to start moving away from earnings as we've gotten further and further from the earns season and that's what's pushed us up to these higher levels.

. >> procter.y have the new management thing. 75 bucks seems like a level that's down almost 20% from its january highs here. i'm thinking about an entry on the long side. 75 bucks. >> karen finerman. >> yes. we talked about it earlier. sunedison. i think it's really gotten crushed, it might be overdone. down with oil as well. but -- >> gutsy. >> this is a little -- maybe a lift. sunedison. >> guy. >> did you know what he meant by black teas quickly? yes or no? >> no. >> solar city. i'm in the finerman camp on the back of first solar. scty. >> i'm melissa lee thanks for watching see you back here tomorrow at >>> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere, and i promise to help you find it. "mad money" starts now. >>> hey, cramer. welcome to "mad money." welcome to cramerica. other people want to make friends and i'm just trying to save you money. my job is not just to entertain you, but to put it all in cont

caterpillar versus exxon, ibm versus american express, procter & gamble versus walmart, all of the stocks territory or worse. we're showing you some of the charts here. ibm, american express see on a year to date basis the momentum is not good. what we would like to know is, is there a case to be made for buying some of these types of stocks. so we would love it if you guys would tweet in with the #buy the dip for all the match-ups. we want to know if apple is better than intel, we want to know if exxon is better than caterpillar, ibm is better than american express or procter & gamble better than walmart. all of the stocks carry dividend yields north of 2% with the exception of american express and apple. all of them have compelling valuations in terms of their overall market to stock valuations. throughout the course of the day, guys, we will whittle this down with viewer tweets an hopefully yours with regard to getting this group of eight down to four. later on in "squawk alley" we'll present those four. later on in "power lunch" down to two and by "closing bell" we hope to have one st

walmart, procter and gamble and johnson johnson. the kinds of places you go to ride out a market storm. check out disney falling on a downgrade by bernstein to market perform from outperform. this getting a lot of commentary. analysts calling for new framework to value the media sector because of declining tv advertising. netflix is losing ground today. >> we are in the final half hour of the trading day. we want to get the bigger picture with our friend mark newton. you have a daily chart of the s&p and a weekly chart. what are they telling you? >> we've seen the most volatility since the beginning of july. indices have not cracked levels in terms of support. we need to get down under this level near july lows to thick anything has been violated. >> which is where? >> 2044 on the s&p. we did get there initially today. we since have held in the last half hour, held that, as well. nasdaq 100 and s&p are still right at these levels. we've not p capitulated. i'm looking at the amount of breadth capitulation. the key will be to break do

procter & gamble, selling consumer goods around the world..7%, even though in a recession, in a crisis, we still need to buy soap and toothpaste. it just shows the depth of what we were seeing today when things like p&g are the worst affected. and bank of america. j.p. morgan was also down sharply. but bank of america closed the session down 5%. it was one of the most traded shares on the market. and was absolutely clobbered. put it all together. when you look at the way the dow jones industrials closed, volume was up to 90% higher than you'd normally expect this time of the year. so there was real selling and real market movement in a market that still hasn't quite decided where to close. richard quest, cnn, new york. >>> tech company apple had a big rebound during monday's volatility. before the trading day began in the u.s., apple ceo jim cook e-mailed a market commentator on cable tv, and cook reassured him that apple is doing fine in china. they took a small tumble but closed down a relatively small 2.5%. for more on what's driving the m

i'm not asking you to use the procter & gamble packaging for razors but come on. i mean, shrinkage?ive me a break. >> i think i heard woppner this morning say we'll be down. >> give the guy another, i'm going to use a term, give him another year. it may take a year. this is a whole new set of things that are wrong. and by the way, when you say shrinkage, what you have to say is who's running the stores. when we look at the costco manager, it's the same one that's there since the store opened. i remember the ceo before this fellow, the new guy, very good, and i once told frank i didn't like the flats i bought for my tomato plants. he says receiseeds. the level of the tale. i then send him a little note about a guy who helped me get tomato baskets. then it's to the store. i'm talking about a level of precision. home depot is drone like in terms of where they strike. they're remarkable. and to go up against them, just must be such a bummer every day. >> does that mean you have hopes for lowes tomorrow? >> i do. we have housing starts today. you could craft stories about housing. it's c

apple, walmart, procter and gamble, definitely active in lululemon.buy target and nike but i think they are good buys, especially going into school season and everyone going back to school. i think their earnings will be nice. >> we are looking at about $1 billion to buy according to art cashin. >> my desk said the same thing today. >> it's an interesting mixture within your portfolio. what is the top pick? what are you most convinced about for further up side from here? >> apple. where i bought it and from here even, i think it's going to grow significantly higher. i think people are equating where the price is right now to china and the exposure to china. i look at that as a positive. last time i checked, people buy phones and they are going to buy a lot of phones in china. i think apple will do incredibly well. i'm looking forward to see what they come out with on the 9th. >> what about lululemon? >> it's an interesting one. i work out you see with the soul cycles and fitness craze. you see people at baseball games wearing lululemon. you can go fro

the old state stocks like procter & gamble not far from the 52-week low. so the moment sum on the downside and because we haven't seen the big capitulation yet is likely more downside to come. >> by the way, i don't want to get too much in the weeds, netflix, a lot of people bought into netflix when it was way up. why is it down 8% today? >> you never know why, david, but oftentimes investing in trading is like working for the mob. ask too many questions? this is an enormous gainer over the last year, there's no question people want to get out of the stock as jitters in the market begin to take hold. >> from specific to very broad, september and october are the danger months. we remember october 29, 87, et cetera. however, this year is what we're seeing now what usually happens in september and october? >> well, you know what? there is no usual when it comes to the market. and trends tend to persist, as you pointed out, the markets only crashed two or three times in history. so i think what's likely is not so much a one-day total destruction, but a slow tr

morgan, procter & gamble gaining 2, 3%. you are seeing a slew of winners. just like everything was red yesterday, everything is green today. there's some traders who said people were calling today and they wanted a drop in prices. i want to get apple at $9 -- at $92. well, that's gone for now. if you tried to get in at the bottom on thursday, you would have loss. friday was lower. if you got in on the bottom on friday, you would have loss on monday. for the inside ibl -- baseball, these guys are having a hard time navigating the market. >> this is not could yoen go away any time soon -- thrl is not gonna go away any time soon. this could go on for quite some time, right? >> reporter: that's right, pam. we saw the shanghai index down four days in a row. it was down 8.5% yesterday. down 7% yesterday. the central bank stepped in and cut a couple of rates. that should ease things a little bit. they've been trying to inflow and provide money to provide liquidity there. but we have so many ent twined pieces. you have the wild card of china. it's not the gross sto

the procter & gamble company when i was the ceo had 120,000 employees and sales of about 85 billion dollars. it is a large organization. as i studied it, this country -- first of all, veterans cannot do without the v.a.. american medicine cannot do without the v.a. and i would argue the american public cannot do without the v.a. members of congress have said to me, why don't you blow up the v.a. and give out vouchers? it is a strong three legged stool. leg one is research. three nobel prizes. who did the first liver transplant? the v.a.. who invented the first implantable pacemaker? the v.a.. who invented the nicotine patch? v.a.. who knows about post-traumatic stress? i could go on. i won't. we train 70% of the doctors in this country. who will train them? we provide the internships. we are the largest employer of nurses in the country. this work and training is very important to the american medical system. the third leg is, of course, the clinical work we do for our veterans and omar bradley set this system up in 1946, 1947 and aligned the v.a. with the best medical schools in the countr