it's not just procter & gamble. ic have been they the fed's uncertainty is constantly enendering the opposite. as it is, like tim cook said, we're expensing, quote, extreme conditions unlike anything every experienced. does i leave any out? the next time you hear someone glibly asking how can a quarter point rate hike really do any damage to the u.s. economy or even claim it's good for business, as some people have done on our air. i so go listen to the darn conference calls. ever company with significant foreign operations will look at home and find places to digitize, which is the new code for boosting product activity by using software, and firing people relentlessly. homework, you realize the world is in crisis. the only company that can do something about it is the united own economic growth. one question for the federal reserve. you're doing this in the name of what, exactly? let me know if you can einar tick late a reason. i notice i sure can't find any. >>> sure it's a tough market, about you one company jus

procter earned one dollar - 12 cents a share in the second quarter. analysts expected 98 cents a share. sales totals nearly 17 billion dollars. weather and sports are ahead, what do you guys have coming up? up? a big test for the musketeers...and a big thrill for a family from anderson township.; sports is next. "we would actually love to pay for that if that'd be alright with you... well that'd be great!" "i'm so happy, thank everybody" "this is very in places you'd least expect we've all been there, about to spend money whether it was a true need or just on a simple pleasure.have you ever had someone come out of the blue and pay your tab? tab?our tony mirones watched it happen all over the cincinnati metro, and he shows us what it was all about. some might call it gratitude. ((sound of coins ))others might say it's awesome.((sound elses tab because you can. montage"yeah yeah yeah i'm good with that.""it was a great suprise.""it was really awesome especially for a broke college student."that's the reaction from both sides of the river today, because

the growth comes in at plus two for procter & gamble.hat's a dramatic delta, so to speak. >>> aural talking about a 6.8% decline as a result of the dollar. >> well, but fourth quarter adjusted is 5%. currency is minus 6.8, domestic increase of 8%. without any noise plus 10.6, worldwide plus 6.5. these are excellent numbers, but again the dollar is going to keep going higher, you should say it doesn't matter,ut i am saying it does matter. if oil had dropped more yesterday, that stock would be down. it tipped with oil. gasoline gets people out on the road. if you're on the road more, it helps mcdonald's. >> not to mention you feel bigger about taking a bigger ticket, buying another cheeseburger. i don't know. >> and trying to get the company to say that, but they're not saying it. >>> inga tile even, did i -- >> very good. >> ceo of 3m. organic growth, a little better than we thought. returning all good. it's all good. >>> finally dupont, which, by the way, is in the midst of a significant reduction in operating costs, prior to the deal wi

procter & gamble up by 2.5%.ake a look at basically what has been a broad rally across the board, energy has been the biggest gainer, 3.6% followed by telecoms up by about 2% there. let's take a quick look at what ashappening, the wti crude well as gold. up on the day 3.2%, off session highs. gold is on a two-day rally, up by 1.5%. betty: thank you so much. volatility wehe have been seeing so far this year, how much is it going to have of an impact? the bank cut its s&p forecast by 9.1%. that's what i'm trying to say. bloomberg stocks reporter oliver renick joining us now. and earnings recession here. oliver: that is where we're at with earnings. so far it looks like things will end the quarter down. a lot of the other things we have talked before, concerns about growth in china, rising credit spreads in the high-yield market, some of the other technicals we have discussed, what jpmorgan-- calls a feedback in volatility, where stocks get jumpy. people start to look back at their numbers and think, why is this hap

procter & gamble which saw better sales and raised prices led a group of dow heavy weights pushing the index upwards. p and g increased sales of its brand name soaps and paper products. it raised prices in this low inflation environment. looking forward, china's transition from a manufacturering to a consumer based economy is giving them hope for more good news. >> growth rates have slowed a bit but still attractive. it's a market we're very focused continuing the grow and profit in. >> higher sales helped p and g offset the effects of the stronger u.s. dollar which lowers profit margins on sales outside the united states. johnson and johnson was not as fortunate blaming currency issues for a drop in sales though it expects the issues to abate later this year. >> currency impacts. the sales were roughly about 7, 7.5%. for next year we're modelling that to be about 1.5%. we'll have to see where currency land, but that's our expectation for 2017. >> last week j and j announced 3,000 job cuts this medical devices, which was its biggest business. now pharmaceutical is its biggest and u.s.

a point here, the xlp, consumer etf, coke, pepsi, and procter & gamble make up 25% of the weight, they are 22 times earnings. earnings are not growing, two, coke and pepsi, decline in 2016. to me, what are you buying here if you just buy the 3% yield? >> that's the crazy thing. who is buying? what is bought? it's the best place to be. >> carter, you put out a fundamental reason why there's underpinning in the sector. >> i look at the charts, but what the chart is made up is people making fundamental judgments. if the chart is good it's because the end documents and pension plans are acting. history says when it's bad, you charge. >> the chart is good? >> what i argue against is the chart is going to be better regardless of what happens. if we're in trouble, it holds up. >> from a fundamental standpoint, rates fall, that's telling you we're in the anticipating either inflation or growth. you're making both of those in the cake, more appealing for staples than for growth. >> i'm one of the people making a fine metal assessment here. they are too expensive. options prices apply volatility

procter & gamble was trading at $90 to start the year. it went down 30% at one point. something interesting happened has we went into the end of zirp, last year. staples caught a bit and largely because of that yield that hey lost them have. coke, procter have a 3%, 3.25% dividend yield and deemed to be defensive so i think what happened this week is the dollar is going higher and i think stateles are ready to turn. >> short term it definitely strengthens the dollar. obviously as other countries try to debase their currencies on a relative basis fanned we do see another rate hike here the dollar has to strengthen. that's a necessary by-product. i'm not sure they will and increasingly they won't and that shows us the rate curve, if they are going to be low here then they might actually see some people. >> the biggest thing is if you're saying there's a lonely manager and you can't hold cash and can't get out. the playbook says, and it's happening this time, you rotate defensively so on the week as of the close just at 4:00 p.m. three of the top performing sectors were u

rejoined officials from procter & gamble with the newest manufacturing plant the first of its kind built in the united states since the 1970's. and was serving as investment. this factory in the eastern panhandle will create 1,000 jobs during the construction planning was operational projected to play the fifth largest workforce and the entire country. we work hard to bring these jobs to west virginia and now they need to be filled. that is why more than a year ahead p&g will create specialized training programs to meet the work force needs. they are preparing students for careers in engineering and computer science and electronics to become an operator technician. to make sure that students can compete for these jobs the construction manager is already working with cruz on the ground as part of those structured efforts. please join me to think the doctor for his continued efforts. please stand. [applause] in 2012 we launched a new training program that helps students receive instruction in experience while earning a competitive salary. they will recruit and train new employees in his su

procter and gamble dazzled. they are going higher. finally there is a deep dive on the transformation as one of the sleepiest companies. i thought it was mattress firm but it's microsoft. the ceo has been running the country for slightly less than two years. under stated man. simple, terrific. sometimes i have to wonder if he's for real. has he beeeeable to make microsoft a leader in the cloud so fast? the answer is yes. absolutely. hehe given microsoft gamam i bet there are kids in this country using microsoft software at schools or at home who think it's cool. why not? x box is the most powerful hardware force in gaming. 1990s. microsoft stock has more room to run. look, all of t t stocks and great american companies with topnotch executives made monster move this is week. i'm confident there will be down days next week and when we get a sell-off this is the bottom line. facebook. united technologies. honeywell. 3m, j & j, visa, mastercard. paypal, mcdonald's. procter & gamble and microsoft are now go-to names. each ceo , congratula

th that procter & gamble call, j & j, 3m, we had the streamline, we had the fire, we had to introduceroducts, but fed can you understand what's happened in the last 30 days since you decided to kill inflation? >> kill inflation. >> hello. it's like -- there's a boogie man in my closet, he looks like chucky, i beat him -- no, there's no boogie man. we have people who come on air and say it's great the fed hiked because it shows things are good. or we needed it to instill discipline. like the father who beats his kid every day so that one day the kid doesn't do any wrong. >> i love you so much it hurts me more than it hurts you. >> exactly. >> that means that the dad won't necessarily change his ways the next time you misbehaves. >> one time my dad hit me because i broke a lug nut on a mustang. he said you'll never break another lug nut again. you'll call aaa. done. sometimes the punishment doesn't fit the crime. i tried to fix the flat myself. >> good parallel with what you just said there. >> we'll get cramer's mad dash and count down to the opening bell. we'll look at the premarket.

procter and gamble *won't* be able to get rid of two beauty brands -- at least not for now. now.the cincinnati corporation brands to coty incorporated this past summer...but licensors of perfumes from "dolce and gabbana" and "christina aguilera" say they didn't agree to the deal.a p-and-g spokesperson says they'll work on a new plan -- but the coporation isn't interested in perfumes anymore. a new meaning to the phrase "pretty penny"...both the one- cent and five-cent pieces cost more to make than what the coins are worth! worth!the government accountability office says it costs about one-point-seven cents to make the penny.and the cost to make the nickel? about eight cents.leaders blame rising metal prices. lawmakers have the power to change u-s coins. with temperatures dropping to near zero tonight....tri state plumbers are expecting a flood of calls from homeowners with frozen pipes tomorrow. tomorrow.but by taking just a few simple steps, you can avoid a busted pipe.plumbers tell nine on your side consumer reporter john matarese if you have pipes next to uninsulated wall

very good corporation, procter & gamble. a very, very smart, very good corporation. with that said, the difference in the public sector versus the private sector, the do not operate the same. we have to allow you to changes. how much is protected that you can't touch? how far down can you get? >> the difficulty of the challenge is the difficulty of scale. sixth largest business in the country, a challenge of time because i was with the same company for 33 years. the stock price went from $2.32 to $81. it takes time, but having someone with experience in business is critically important. i think we have enough. >> move people around. >> as i said, ten of my 16 top leaders are new since i was secretary. we have been able to change the leadership. they have been able to do the things we need to. should we treat this like a business and make sure someone who is secretary has business experience because this is a large business. what is at stake is veterans lives. >> thank you for your focus on opioids and addiction. you have been a leader. it is important to point out 72

procter and gamble dazzled. they are going higher. the transformation as one of the sleepiest companies. i thought it was mattress firm but it's microsoft. country for slightly less than two years. under stated man. simple, terrific. sometimes i have to wonder if he's for real. microsoft a leader in the cloud so fast? the answer is yes. absolutely. he's given microsoft game. country using microsoft software it's cool. why not? x box is the most powerful hardware force in gaming. microsoft is young and aggressive again like in the 1990s. microsoft stock has more room to run. look, all of the stocks and great american companies with topnotch executives made monster move this is week. i'm confident there will be down line. facebook. united technologies. honeywell. 3m, j & j, visa, mastercard. paypal, mcdonald's. procter & gamble and microsoft are now go-to names. each ceo , congratulations, gentlemen on a great quarter. thanks for everything you do. i want to go to kyle in my home state of new jersey. kyle! >> caller: boo-yah out of rutg

procter & gamble. let me go through the rest of the earnings.upont came out with its biggest loss since 2008. if you adjust for a number of costs, it actually had a profit per share of the seven cents. that beats the street estimate of 26%. -- 27%. not a lot of trading in the premarket. you can see your to date, it had a much more difficult time than procter & gamble and a pot down 20% after pulling off the biggest merger of all time in the chemicals industry. johnson & johnson meeting with q4 earnings of $1.44. we were looking for $1.42. johnson & johnson shares down 6% year to date. still waiting for premarket trade there. finally, coach earnings are out this morning. second-quarter eps, $.61. sales were 1.27%. [no audio] matt: that's on the s&p right now. there was a violent snap in crude morning, down 3%. it turned around and recovered, and i you see it up 1% at $30 and $.63 a barrel. -- $30.63 a barrel. saudi arabia coming to an agreement possibly for a cut there. it really drives the oil market. screen ofw you a full all the asian indexes

you hathink pl procter could rideouble digit the emerging mart currencies have gone from 10 to 4. the fed seems indifferent to the ajecries even though it ultimately mea layoffs here to keep sales and earningupver there after the hit from currency tnslaon. nine, we need to see m & acvi. we have hnson we have johnn controls merng with tyco and a cranmar y not have gotten e chinese bid but that's a ce down from the severatrillionollar m & market this time last year. ten, the ipo market. ere is ne. althstarving unicoing, companthat were supposed to be eagerly awa, forget it. nobody wants them the brokers with fees, good luck making the numbers partners wi no m & a, no ipo, ere will the feesomfrom to make the quarters? no wonder the financls can't get out of the way. rate hes, m & a, something. righnow the nothin 11, the peaks. the higheak regi. there artoo ma. i lieve we have en auto pe, cell pho, housing peak. wel hear fropbg later and maybe they can argue. apple didn't chamy mon cell phones. i only feea little bit worse but i have somethingo say later. ter the numberfromoeing today

you have to think apple or procter could ride double digit declines in europe but many of the emerging market currencies have gone from 10 to 40%. the fed seems indifferent to the trajectories even though it ultimately means layoffs here to keep sales and earnings up over there after the hit from currency translation. nine, we need to see m & a activity. we have johnson controls merging with tyco and a crane maker may not have gotten the chinese bid but that's a come down from the several trillion dollar m & market this time last year. ten, the ipo market. there is none. all the starving unicorning, companies that were supposed to be eagerly await, forget it. nobody wants them . the brokers with fees, good luck making the numbers partners with no m & a, no ipo, where will the fees come from to make the quarters? no wonder the financials can't get out of the way. rate hikes, m & a, something. right now they have nothing. 11, the peaks. we are liking the adirondacks, the high peak region. there are too many. i believe we have seen auto peak, cell phone, housing peak. we'll hear from pbg

procter got a nice upgrade into steifel. three and five to this environment. >> not bad. goldman sachs, interestingly, is the second best performer on the dow from the dollar perspective. it's just follow-through from morgan stanley. there's pretty much no news. they do have earnings tomorrow, though. interesting move. >> big blue. netflix. >> we're going to get a long way towards the tech narrative. we've got a growth company reporting and non growth company. >> that's it for us here at post nine. let's get back to headquarters. scott and "the half." ♪ >> let's meet our starting line-up for today. joe is here along with stephanie and john and pete. our game plan looks like this. the netflix download. can the top stock of the past two years keep the momentum going? we've got your trade ahead of tonight's numbers. calls of the day, the street weighing in on apple, mcdonald's, shake shack, and more this hour. now our experts decide whether the analysts got them right. we begin with an attempt at bounce back for the bulls. days

strong quarterly results from companies like johnson & johnson and procter & gamble gave the market a bit of a lift. things looked a big brighter in frankfurt where the german dax made up losses, the biggest winner is siemens, the german engineering company got off to a strong start in the new fiscal year. they announced a 42% profit jump in the first quarter to 1.5 billion euros, much more than expected. the rise is due to some big orders from europe and africa. the chief executive said despite continuing turbulence, he is confident that 2016 will be a good year for the company. that's different than the week ahead for the chief of deutsche bank. he will have to explain how the biggest lender could slip so deep into the red. 6.7 billion euros for last year, the biggest in the bank's history. it has sent shares crashing down 10% and also raise fresh concerns on raising fresh capital. right now they are losing out to international competitors. the world's largest bank is wells fargo in the united states with $249 billion, followed by the chinese i cbc, j.p. morgan chase, and way down o

>> procter & gamble. >> they like to be reminded of that. >> they to. thank you for that.out it. procter & gamble, the stock has had a little bit of a recovery from its low but it's still down from $93 in 2014. and i think that the new ceo very much like mcdonald's where the stock lagged and they had a new ceo come in and there's a lot done in mcdonald's. and the portfolio so the quarter today basically in line. a little bit better on the gross margin side but they set the barlow for 2016. mainly because of currency. >> i was going to ask you what about currency. >> that's a problem but they set the barlow. number one. the interesting thing to me is they have gross margin opportunity. i think to the tune of 200 to 400 basis points of upside this year so if volumes can gradually improve and organic growth today was the positive surprise. you get margin and you get operating leverage. it's a pretty underowned i like this quality name. >> steph, you have been seeing estimates on the name coming down. do you think this quarter report turns that around and people start raising