of course procter is the best of breed.ut all that means is that buying best of breed might be the single best strategy to deal with the potential turmoil that so many talking heads keep telling us to be more worried about. let's go to roger in maine, please, roger. >> caller: booyah, jim. >> what's going on? >> caller: been a long time listener, first time caller from maine. >> thank you for calling. how can i help? >> caller: with the possible buyout of rite aid, i bought in hopes of adding a little to my retirement funds. now that the fdc is said to be throwing a curve at the merger, should i stay in? >> i don't know. there are people on both sides. some people say this deal will get done, which you'll be incredibly rewarded. some say this thing is going to go crashing down because the government won't allow it. it is a black box. i told readers of actionalertsplus.com, whoa, i think this thing might be blocked and that walgreens is the better one to know, not rite aid. i am more cautious. i am concerned that the governm

so i do like procter & gamble a little better -- sorry i do like coke a little better than procter &e. valuations are so low, trading below their three-year average. i don't see it quite as dire as the goldman note. >> before i let you go, at some point we will get to dow 20can k, are we not, erin? >> yeah, at some point. i feel comfortable in saying that, yes. >> it was bold. max wolf, all right, procter & gamble, coca cola, deserve a downgrade? like one, hate both? what do you think? >> consumer staples we like going forward. currency is the tip of the iceberg here at the fx. it looks like a very big reflection. basically the united states has been the guarantor. you're on the top of the deck and something comes along like a president, new series of policies, sentiments and shuffles that deck, the chance that you fall in the deck is very, very high. we don't think the markets have priced that at all. big global u.s. brand names will come in for a global reaction to how america is seen by her neighbors and a decline of global cooperation. very right to be worried. fx is the tip of t

as for the strong dollar, procter is ready. if this stock comes down, i think it will be bought and bought strongly. it's the lone soft goods company that really blew it out. yeah, it was that fabulous a quarter. 12, travelers earned $3.27. clean beat. what else can i say? now, look, i think this stock should be back to its 123 high. i want you to look for this insurance company's portfolio to start giving you some extra juice because you can take on -- you can take the premiums, invest them in risk-frees that are giving you a better return. 13, united health. it always blows away the numbers and then falls into a strange and weird function for five days as people assess it. and then the stock roars ahead. guess what, the furnk's about t end. this is the only health care stock that i believe is on the right side of president trump because it thought obamacare was simply unworkable. what about number 14, united technologies? the ceo delivered again. otis elevators, better, climate control, superb. maybe the turbo fan engines, th

i can't remember flipping either coke or procter. they're too high quality with fabulous long-term track records even as coca-cola stumbled of late and procter is higher than i want it to be. nevertheless, these down grades make me happy because we need more negativity about stocks in general after the run. we need more sell ratings. we need more down grades. now, that may sound counterintuitive, but the truth is pessimism is the important fuel for any big rally. when everyone is bullish, that means there's no one left to buy. so we need more negativity if we're going to sustain this move and that's capital what gold man gave us. we don't want stocks to come in hot as we head into earnings season. we want things to cool down. there's too much heat right now. that's why i'm hoping to get some more down days this week just in case the earnings aren't important as they need to be to maintain this historic bull run. let's go to anthony in california, please, anthony. >> caller: booyah, jim. anthony from hemet, california. >> thank you fo

procter & gamble set a high bar for the consumer packaged good stocks with its excellent quarter.eel the bar could be too high for kimberly-clark when it reports so i want to be careful here. the extra sauce that drove procter's stock higher today, it gave some wrong sell recommendations that were kind of based on the analysts participating a rotation out of those soft good stocks irnto moe of the industrials because of trump. woops. some companies can trump trump with their excellent execution. now, what will lockheed martin say when it reports? this is going to be the litmus test of trump's tweets so far. will lockheed feel compelled to trim its forecast because it's cutting the price of that fighter to accede to trump's wishes? this fighter jet is crucial to the company's sales and gross margins. if they don't guide down, i bet this stock goes flying because that will show you how robust the rest of the business must be. on tuesday, we hear from alcoa, where we expect that the alum number company is going to be vigorously protected by the president in its ongoing trade war with

and that's the downgrade procter & gamble and coca-cola. what's your view here?s this a broad call that staples are out of favor, dividend payers are going to lose their luster so see you later? >> i think they tried to make it more permanent than that saying that proctor cannot maintain that growth and coca-cola headwinds to the product. i do. i think this is the let's get out of clorox. we really can't trust colgate. my problem with this theory is that for people at home, individual investors trading prakter has been a sucker's game. this great american company. if you're a hedge fund, yes. when are you going to buy cat? are you going to come in here and buy rockwell at an all-time high or emerson? you have to finance those purchase with these stocks. i just really want, if you're at home and you have that 3.3% yield for proctor and coca-cola is gown 7 points from the high, don't feel scared. hedge fund, yeah, you need that cap. >> i feel like coca-cola is the perfect stock so ask yourself am i a trader or investor. if you're a trader you're not low on this nam

faugh procter roughly half to have the heart for half. if you are missing those faugh for freebie not. >> i just came back from being out of the united states. wirth i am curious to know now of the cut is for what has stood out for me is the word exoneration does not mean you are innocent because on the record you are still required to see were arrested and cannot find a job. you do not have a clean record and people do not know that that people think your life is fine and i am curious about your thoughts. >> he is exonerated and innocence. but i do understand your point. and now you can have the records. he has had challenges but when he walks out he was speak words of love my work -- my wife and my church. but he is peaceful. but he is a wonderful man. he is doing great. better than probably zero lots of others that go to the conference. and then to be in a charity bed. >> ets they are innocent but the system does not say they are in a sense to make that is true spirit that is important for people to understand. >> obviously there is a

goldman sacks is turning bearish on procter & gamble on soaka cola. they went from mutual to sell citing valuation concerns and the expectation that they will pose quarterly sales. soak was given a sell rating due to currency head winds and shares were off a fraction to $84.40. shares of coke fell to $41.32. lightings systems maker a cuity reported disappointing earnings due to lower demand and warned that it could linger. they cited manufacturing costs for the poor results. they sold more thfell more than. >> what is prompting farmers to do something they have never done before. >>> the american labor market is as tight as well. they added millions of jobs, but one industry is experiencing a labor shortage. ag kulthure. now farmers are worried that donald trump's immigration policies could make the problem even worse. we have a report from gilroy, california. >> this here is 70 acres. >> pete and his dad have been farming for 40 years on their 5,000 acre operation based in northern california. lately they had a growing problem. >> we are leaving crop

how mayor nick procter was on his way to a meet when he saw the plane go off the run way and through a fence and the collision ripped off the plane wing sparking fiery blaze. mnl crews joined mayor as they pulled the aircraft pilot to safety. >> it could have been a lot worse it could have been a major tragedy. >>> and officials say the pilot was the only one on board this morning. we're told he is doing well. >> well a massive martin luther king day celebration in miami florida was interrupted by gunfire yesterday afternoon. miami-dade police swormd into mlk park where witnesses say someone started shooting and crowds began to run causing tam is period through the celebration and eight were injured in the chaos. police have detained two people they believe are related to the shooting. >>> well, time now is 4:44. >> turning to weather this morning some may want to grab the umbrella. katie, when i was walking out was not misting yet. >> but you say. >> it's coming. >> you can see the activity over my shoulder of the bulk may be in the pm hours. it's something to traffic. we have the m

in terms of earnings, we are looking at general electric and procter & gamble.er one first and and beat everywhere except in the oil and gas unit. revenue fell light. procter & gamble up by over 2/10 of 1% adding premium products as well as cost cuts. the big question going into president trump's first 100 days is what happens to the market? s&p are the sectors in the and how they performed. financials are up 15%. thank you. look out the outperformance. on the financial side of ames, the yield curve is fine. higher growth and higher in the nation. the other side of the policy initiative. we're are either going to get softer regulation, or an administration that says enough is enough. david: those that were not the up the those that were most could come down. is a view of president-elect trump coming out of the motorcade. if we could get a chart of the u.s. 10 year yield. the start of last year, there was deflation fear that peaked in 2016. it was hard to find anyone optimistic about absolutely anything. -- theimists and optimism growth kind of kick 10. -- the op

procter and gamble relying more on it premium products. revenue beating estimates. american express spending a record amount on marketing after losing its cost go lucidity tcotract -- losing its cost exclusivity contract. also, was mentioning is oil which has been surging. saudi arabia saying opec another nation's on the way to promise cuts. david: we just saw kellyanne conway going to the west front of the capital where she will take in the proceedings going forward. it is an observation date in the u.s. mark barton is standing by in london with the markets there. change for the stoxx 600. on track for the first week we drop. look at the ftse 100, the white line. the blue line is sterling. interesting, the ftse game like it will come to an end. the pound is gaining. we had six weeks of gains for the ftse. best winning run since july 2012. this week's 1.8% drop. a because go, the ftse was sitting on 14 days of gains. it is no longer overbought. the rsi is down to 57 last friday. we had a run that lasted from december the 28th through january the 17th. it has risen 5

we're also going to be watching key earnings from ge and procter & gamble.e in the way of economic data. that's a wrap for us here. >> "squawk box" will pick it up from washington. with the xfinity tv app, anything with a screen is a tv. stream 130 live channels, plus 40,000 on demand tv shows and movies, all on the go. you can even download from your x1 dvr and watch it offline. only xfinity gives you more to stream to any screen. download the xfinity tv app today. >>> good morning. welcome to "squawk box" live from the nation's capital. in about six hours donald trump will be sworn in as the 45th president of the united states ushering in a new era for the country, the markets and the economy. we have a big lineup of guests over the next three hours to discuss the challenges facing the trump administration from healthcare to tax reform, plus we'll look at what the first 100 days will look like for the new commander in chief. it's friday january 20, 2017, it's above zero degrees and "squawk box" begins now. >>> good morning. welcome to "squawk box" on cnbc.

. >> reporter: adam procter found the mess outside the thrift shop when you arrived. >> i see all thedboard out front is burned up. i look to my left and i see the flower pots all burned our signs are burned, the whole front of the store like the plaque paint was bubbling and then i noticed the car that was parked here completely burned, the back of it, door handles. >> reporter: he called police and checked his store surveillance video of and video from another business. it was all caught on camera. >> we're the fourth place that it happened to. >> reporter: last month someone started a fire outside queen village market a block away from the thrift shop. >> as soon as i show up the store i saw the ashes out there. >> one or two occasions someone mad or drinking but when it goes on and on it needs to be dealt with. >> reporter: outside of a market on south fourth the same thing happened. someone set garbage on fire on december 23rd and again on january 3rd, both caught on surveillance video. >> this could be a bad thing now 'cause if a gas tank goes off in a car or it goes further. >>

the biggest losers in the first 100 days, procter & gamble, mcdonald's, nike and, the worst, sysco. more "halftime report" coming up. is it because so many go after it the same way? chasing after short term returns. instead if getting caught up with the crowd, the investment managers at pgim take a long term view, teaming specialized active investing with risk-management rigor, to seek out global opportunities. we manage over a trillion dollars this way, attracting many of the world's leading investors. partner with pgim. the global investment management businesses of prudential >>> welcome back to the "halftime report." 12:18 in the east. we have a dow edition of earning central. why? five dow components reported this morning. 3m, dupont, j&j, travelers and verizon. verizon, wow, on pace for its worst day in five years. joe, are you a buyer on this? >> 100%. absolutely. >> that's all the percent. >> yeah, it is. reasons why? core wireless business is declining. we've talked about that. it is not what the company is anymore. this is a company that is diversifying. this is a company

disney and boeing, which join a growing list of big names cut, including coca-cola, exxon, procter &amble, at&t. i can't help but notice what's happening in the financials, as well. we'll get into the down graids. but the financials, pete, kbe down more than 2% right now. some of these regional names. i'm not going to run through every name with you. but if you look at the kbe, it tells the story. >> yeah. >> a lot of these regional names today are down more than 3%. some as much as 5. and even the big names aren't -- >> jpmorgan and some are down 1%. if you really look at the xlf, the big-cap financials, you get a nice picture of what's going on. we're still in that same range, scott. for the last month and a half or so, we've been in this range, and now we are pushing towards the lower end of that range. you look at the xlf pushing towards 23. i understand, i think the market right now, the selloff being started with when you look at some of the metals, pushed to the down side. the financials, absolutely, because they have performed extremely well, so there is profit-taking. we hav

devon take procter shot and killed terri petty outside of a building silver park drive. the victim and us is second got into a heated arguement moments from the shooting. there was 1st and second degree charges and he is held without bond. today is law enforcement appreciation day. it's a somber one for police officers in orlando. >> two orlando area law enforcement officers were killed one shot by murder suspect that managed to get away and second killed in a crash while deputies and officers scrambled to find him. a massive manhunt should be coming to a close. they are surrounding a apartment complex near a walmart where the first officer was shot. moore key ward was confronted by a employee about shoplifting before he fired >> this tragic shooting serves as a sobering reminder of of how important it is for each of us to take every opportunity, every opportunity to thank every law enforcement officer across the state they're putting their lives on the line every day to keep us safe. >> lloyd is being described adds armed and dangerous. he's also wanted in connection wi

merck, pfizer, coca-cola, procter & gamble. at the top, goldman pulling up the rear today.2%. foa.oedn sehat..ly tou.adnegaoh ough.. s? dog-zeaz foa.oedn sehat..ly thi, p red get t rswiin yrscsc. so tititi mlyme >>> welcome back to the half time report. i'm jackie deangelis. gold is rallying over 1%. is this about the weaker dollar or rising political uncertainty or a little bit of both? >> a little bit of both, jackie. and the trump remarks, his chief top trade adviser made some comments, specifically on germany, manipulating their currency. that really kneecapped the dollar, put it back under 100. you have to keep in mind the trump show we are seeing is front and center, jackie. we're seeing the reaction in gold as well to the immigration policy. continued protests around the country are keeping a bit in gold. we have to understand that the trump administration, uncertainty surrounding some of these new policies will continue to elevate and keep gold big. >> we saw a $20 rally at session high, staying over 1200. how important is that technical level? >> i think it's prett

we need to know if it falls into the camp of procter & gamble and kimberly-clark, which reported excellent numbers and saw their stocks go up a lot, or whether it's going to be like colgate and uni lever. i think clorox will be a winner. even those these are soft goods stories, a good earnings report can launch a stock higher even if it's from that sector. yep, we've got a huge week ahead, and the bottom line here is if that if this week's like what we've seen so far in earnings season, the best chances to make money come when the initial negativity -- i mean when the news story comes out -- brings stocks down and then upon closer inspection, people realize maybe those stocks shouldn't be down at all. let's look together for those situations. they're the easiest, least risky, and often the best because their just given to you by morons who haven't done the homework. they just read the headlines and take silly actions because they have no idea of what they're doing. let's go to justin in texas, justin. >> caller: hi there. this is justin from texas. just recently opened a brokerage account

in moscow and the companies who are in moscow have been there for many years, companies like ibm, procter & gamble, caterpillar tractor since 1930, these are fortune 500 american companies who hire americans overseas along with russians and they want a good business climate, and in 2011, president obama created a russian-american business council. it was a good opportunity for communication and so forth, but he disbanded it after crimea was invaded. >> annexed. >> and you know we understand that. but to open up the line of communications on a commerce level between businesses in both nations is a positive thing. >> the simple question, yes or no. are you able to satisfy questions about whether sanctions will or will not be relieved when donald trump takes office? >> i think that's up for discussion. there are some who say you need to double down, they're not working. others saying maybe you should take another look at it. you want a good cooperative relationship with another superpower around the globe, see if we can defeat isis together and bring peace to syria, see if we can bring down

caterpillar and home depot while procter & gamble are the biggest drags. phil flynn will tell us more about that coming up. ashley webster is on the floor of the new york stock exchange and, ashley, you have some breaking news on dreamworks right now. >> we do, melissa. veteran warner brothers executive is now going to become the new ceo at dreamworks animation. has been president of animation and technical innovation of warners. he of course will replace jeffrey, the long time head of the dreamworks animation studio. moving to a new media post with comcast, nbc universal, of course taking over $3.8 billion purchase of warner brothers. so there you go. changes the top. katzenberg out. interesting story about chipotle mexican grill. this is a stock that has been languishing after several attained foodout breaks last year and 2015. but finally, maybe a light at the end of the tunnel for chipotle. they say that sales rose 15% last month. that compares to a 30% decline in the year before. the burrito chain trying to recover and with that news. and, by the way,

n' ner fvised fo0, persotott >>> coming up, big calls on dow components procter & gamble, coca-cola.cramer will weigh in on all of them. >>> mrs., an activist making his name but focusing on small cap stocks. he's going give us his picks for 2017 as well. we're going to hit biotech and health care live from the market moving jpmorgan health care conference. ceo of secellgene joins was as well. >> let's get to the cme group in chicago. check in with rick santelli. nice appearance on the big network, rick. >> thanks, carl. and i'd like to get to my first guest of the week. charles biederman, biederman, biederman. charles, you're all about trying to markets with flows and other ways you handicap what you write in your prospective. you believe it might be topping out. why don't you tell us why. >> well, there's been a record inflow into the market since the election. over $100 billion has gone in, which is -- which always -- which is something that only happens at market tops. last time we had this much going was '07. similar to attend of '99-'00. huge inflows by individuals or whoever i

television is the fact that we were able to take general motors and lexus and so many great companies, procterd put them into the show. >> we're standing at rodeo drive in beverly hills. next to me are two wonderful executives with lexus. what is the task that you would like these to very talented teams to do? >> your task for today is to create a special owner experience for a group of our preferred guests to introduce our new flagship sedan, the lexus 460. >> they get an hour instead of a few minutes. i don't know if that's good for television. i can tell you it's good for viewers and certainly good for those companies. i think you're going to see a trend more and more. you know, some shows it doesn't work. it just worked for the "apprentice." i think more and more shows are trying to do that. >> everybody talks about the 30-second commercial is dead. there is a tripod that will always exist. people selling beer, people drinking beer, and somehow somebody delivering you that message. so whether it's embedded within the shows, whether it becomes the shows themselves, it's not going away. it w

goldman sachs downgrading procter & gamble to a sell, neutral.nal care group as a whole there cautious to neutral. sell on dow component. shares of exact sciences rising this morning. the company announcing preliminary fourth quarter results including revenue top consensus. >> the big diet fad is now, anti-sugar. oh, my god, everywhere you go. >> big book about sugar. >> big book. >> w.h.o. did a study on sugar two years ago. it leaked in and now everyone is anti-sugar. >> does that make you worry about stocks that have sugar in them quite literally. >> it's difficult to have stocks with exposure to sugar because they have a number of businesses. if you think about coca-cola, they have das antti, a ton of other things. >> precisely for this reason. >> soft drinks may come under some very specific pressure. >> salt and fat is back. >> fat is back big-time. >> my question, though, is this a fad? sugar for some reason seems differ. it may be different on sugar. >> sugar has to do with weight gain, cognitive abilities. it's very far reaching. the stu

you have cisco, coca-cola and procter & gamble. they have had the biggest percentage fall since the election. one of five or six stocks in the 30 member dow that have had negative returns. each of those stocks have fallen at least 2% since that time. now we speak about those. those are the biggest percentage losers, guys, however, the one that's probably had the most impact to the down side, the biggest drag on a point basis is johnson & johnson. it is one of the big jest laggers but not one of the biggest three percentage losers. by virtue of its share price, 116 bucks a share, when it moves it does do a lot of lifting either up or down for the dow, guys. >> we got so close, dom. we got this close. a nickel. >> a nickel. >> robert hahn pointed out when we were just .what was it 37. >> .37 points away. >> away, any five cent move, any five cent move in any of the dow stocks would have put us over that. whether it was cisco, which is one of the cheapest, or goldman which is one of the most expensive, but we fell this far short. >> s

procter & gamble. walmart. in today's trading one of the biggest drags is an earnings related story. boeing on the upside with regard to point contribution. united technology one of the biggest drags today. blue chips and guys focus on the key historic dow 20 k day. >> to bertha coombs at the nasdaq for a look at what's led that index to a record territory of its own. bertha. >> if you look at the biggest gainers today it's an earnings story for the most part. it really tells the story on the breadth of the move here at the nasdaq. we have got tech and health care really leading. c. seagate technology a surge after blowing out earnings estimates. intuitive surgical with much better results than expected as well. the move here at the nasdaq certainly since the new year has been about big cap tech. after the election there was a bit of a drag. apple has been at the center of that. today apple hitting a new 52-week high. it's still well off of its peak high, all-time peak high. however, it has had a substantial mo

but back in 2014 they made a deal and they picked up from procter & gamble a couple of the big pet foodames, aims and natural. and the hospital for pets is up. and premium on the deal 31%. this is with the debt, 9.1 billion deal. so mars now, finest health care provider vca and they want to expand in this area and i want to tell you what people spend on their pets, do you want to know. stuart: yes, a lot. nicole: pet food $23 billion. supplies and medicine 14 billion. vet care, grooming, boarding, regardless of the economy, everybody loves their pets. stuart: exactly. recession proof. nicole: right. stuart: people will spend a great deal of money on their cats and dogs and pets and they just do that kind of thing and mars sees it and is putting 9 billion-- they're really a pet medication company more than anything else. nicole: vca has hospitals and 60 diagnostic centers so this expand not only into food, but also pet care, 100%. stuart: who knew? i did not to that. nicole, good story. check the big board. it dropped a little and we're now below the 19,900 level. more on the retail prob

these are pretty serious, large businesses, procter & gamble, boeing, 3m organization, caterpillar.e, has been in russia since 1930. most of these companies had been in russia for over 20 years, probably 30 would be the average of any of them. so you know, they have seen lots of presidents come and go in the united states. loo lots of leaders in russia and soviet union come and go. they believe engagement in that economy is important for national security for both nations. you know, they would like to have normalcy and realize tensions between soviet union/russia and america. normalcy is something elusive. i think there's one really good thing that obama did. he set up a russian american business council. unfortunately it was short-lived. he disbanded it after russia invade crimea. but in the meantime there was a format for formal communications and cooperations and discussion. and i think that kind of structure could be constructive in the coming administration. now, at least i don't know the down sides of it. it's not cozying you have to putin but being a pragmatist and talking to

an interesting call on coca-cola and procter & gamble.essure since the election. goldman sachs is cutting both stocks to sell from neutral. another reason is dollar strength, urban outfitters as well. we are seeing that company come out with holiday sales. those sales up less than anticipated. latest of the retailers to report weakness for the holiday season. these are some of the companies dragging on. for the returns right now, the nasdaq holding on to a gain of .10%. we are opening a little bit lower. ick.ing us now is olli rehn he has -- is calls are contingent on a few things happening. he says there has in the buyers in the market. -- he sayset to this the enthusiasm has gotten us to where we are. there is not enough to take us to the next level. jon: we were having a debate on go too may be let's not deep. the issue with participation and when the retail money starts to come in in a significant way is a conversation we keep having. >> there has been a reluctance of sentiment and retail investors for some time in this market. has be

procter & gamble and merck benefiting from troubles over its competitor bristol-myers and at&t reporting growth for its tv streaming service mostly related to directv. on the downside the stocks that are weighing the most on the s&p 500 since we have a bit of a balancing act is the after mentioned bristol-myers. this after the company said it is not going to seek accelerated approval for accommodation of two of its drugs to treat newly diagnosed lung cancer. this is perhaps an elimination or a delay from the big revenue potential generator for the country -- company. and missing estimates because of the oil and gas business and they are food said seeing some resistance from resistance from regulators to its acquisition of writing. a quick check on the mexican peso. this is the dollar falling versus the peso. as we see a little bit of a reversal of the recent trade here on inauguration day. interesting action there. scarlet: we will continue to keep an eye on that one. let's check bloomberg first word news. trump's inald j. probable ascension is culminating in his inauguration 45the -- as

i didn't see anything that jumped out at me like i did procter & gamble last week, which was very goodf these, obviously, are dependent on conference calls. the idea that some of them are just so bad on the face of it is very difficult. i didn't like verizon. they spend a lot of money to get customers. j&j is getting hurt for being conservative. nothing jumped out other than -- >> i like your -- >> just that there is -- >> i saw your tweet. >> i'm sorry? >> you're like potus. your tweets resonate when i see them. i saw one that said, 43% of the cars we buy here are imported. that's all you need to know to know why this is happening. 43% are imported, made somewhere else? >> i got that phil lebeau. when i saw that, i said, really? is it that many? honestly, i thought it was closer to 70%. when you see a number like that, you say, okay, bring the guys in. what are you doing? i really wish they'd bring in guys from mercedes and toyoda a -- toyota and say, guys, do owe need all the plants down there? it is more important because they're the guys building new plants. i think that needs to b

m: you begin your career with gillette razor blades, then procter & gamble and pepsi.gest every ceo you worked with, there was no anger involved. we have an angry president. have you constructively -- how do you effectively manage the anger message from president trump? kevin: it is about moving from getting things done to making things happen. he is playing to an audience who are also angry, so there is a lot of blue-collar guys going, no one is listening to us, no one has been talking to us. tom: this is critical. mr. roberts blew up -- grew up a blue-collar guy. >> but what about the remarks we have had over the last couple of months? kevin: i don't think he is good for gender diversity. many blue-collar workers are going, we can love -- live with that as long as he sticks to the main method, we will create jobs and make america great again. many americans not engaged in philosophical debates on other stuff are going, right, this is the first person that is talking to me. mrs. clinton talked about a lot of stuff stronger together that didn't matter to me. but making

on the earnings front, procter & gamble, schlumberger will have results. ibm recorded its 19th consecutive quarter of declining revenue. but ibm's core businesses like hardware and services, while struggling to keep up the pace, the company is pushing into new trends like cloud computing. it has not offset the declines, but the stock has been a good performer. back to where warren buffett is thinking i feel good about this. it has overshadowed earnings. that top analyst estimates and revenue, and a better than expected profit outlook. we will talk about another dow component, but what would -- used to be called the not so -- what was the news? not so real news? >> the not necessarily the news? >> yeah. >> my contribution today from market watch, which is not really fake news necessarily, but some opinions that -- >> they're a real -- owned by dowment. >> every day. today is trump's inauguration set to unleash a cascade of stock market anxiety. this has been the -- it's really since before the election it was going to unlish stock markeash market anxiety, d