procter & gamble and hewlett-packard, they helped elevate the dow. again, 30 stocks, price sensitive, up into a little bit better territory. guys, have a good weekend. >> you too, bob pisani! all right. let's get straight to all the market action with amy wu from abc capital markets, amer salesm salesmanna, and peter sworntino. amy, what do you make of this week? when all is said and done, what do you think really happened and where do we go to next? >> it's been an interesting week, certainly, michelle. and i think while the market is almost unchanged throughout the week, we definitely had a surprise on wednesday. and what you've actually seen, most of the way through this rally, volatility has been quite low. you are seeing a slight pick, even though volatility is at historical low. and it sort of says that people are paying more attention to fears on the downside. japan was definitely a wake-up call and bernanke's comments were as well. >> that would make a lot of sense, and people would be fearful of the downside, right, bill, because there have

right now procter and gamble as it moves higher, a lot of questions about this.he former ceo who is in his 60 's, got rid of a guide, the big hedge fund man, did not want in there. there is action as ar as investors are concerned, but wa dismayed -- name. you will see if they're able to make some moves. retailer abercrombie and fitch having one of the worst days since last summer following an earnings quarter with a weak outlook. the stock is getting slammed by nearly 7% and a loss of $3.76 for abercrombie and french also followed by some controversy an comments by the ceo. recently surfaced in on the web. mike jeffries says that his brand was absolutely exclusionary. the company has since apologized , but it sounds very bullish and of leaked so cool the we want to exclude children it cannot afford the brand. first to our traders. ben willis. we see that there is a new want to the federal reserve. now it is two days agoo but is still as a little bit of a residue moving through the markets. plus we have the situation that we have seen overall with bette data. dura

procter and gamble.w york stock exchanges where we go with nicole petallides standing by. >> reporter: the first thing that i have to know is that the data industrials are now positive. i mean, the bulls just keep on ticking. it is pretty unbelievable. right now a gain of about seven points on the dow jones industrial, and it is interesting. procter and gamble has been helping the dow by more than 20 positive points, something wort noting. the other thing, whether we wil have three sprayed days of selling which we have not seen few months. interesting to watch the dow-fo three days a row. obviously something of what's going into the close. a close eye on dean foods, righ now of six and a half%. worth keeping an eye on because a 52-week high collar of the to performers in the s&p 500, a spinoff. actually reiterating the buy rating, and a price target of $12. and we should note that they're coming off of the s&p 500 after today's close. 400. a smaller mid cap index, but certainly one to watch. it has been

good to see you, as always. >>> now, a management shake-up at procter & gamble.hairman and ceo replacing bob mcdonald who will retire next month. mcdonald had been under pressure in his tenure after a series of weak results. he xlemtd a restructuring program last year. in a memo to vendors, mcdonald said he resigned out of concern that he was becoming too much ooh a distraction. lafley who picked mcdoonld as his successor, says the board called days ago to ask him to return. p&g in frankfurt up 0.7%. >>> lois learner, the irs official at the center of scandal over the agent's targeting of conservative groups has been placed on administrative leave. she oversaw the division. chuck grassley says new acting irs commissioner put learner on leave after she reportedly refused to resign. on wednesday, learner wouldn't answer any questions during a congressional hearing on the scandal invoking her fifth amendment, right against self-incrimination. >>> april durable goods are out at 8:30 eastern. aber kromby & fitch and foot locker will be reporting results candidate, as

>> procter & gamble turns back the clock.king off the long weekend right. we'll talk summer suds with ceo of millercoors. the third hour of "squawk box" starts right now. ♪ welcome back to "squawk box" first in business worldwide. our guest host continuing with us, larry cantor. more in just a minute. first, though, andrew has the headline. procter & gamble are bringing back a.g.lafley. some investors pushed for faster improvements from the household products maker. here are a few stock stats during his time at ceo starting back in july of 2009. p and g up 54%. that under performs the s&p. shares up 79%. the company out performed its peers during that period. here's what he said the last time he was on "squawk box". >> one of the definitions i use of leadership is the ability to continually transform the mission, the strategy, the organization. whatever needs to be transformed to keep pace with and stay ahead of the unrelenting change that i believe is the reality in a global and incredibly competitive marketplace. >> earlier

big win streak for procter & gamb gamble.s on the rise because there's a report it could bid to buy bausch & lomb. what a terrible week for gamestop. some of the concern, there won't be used games for the xbox one and some of these other new consoles that are more digital. the worst performer this week on the s&p 500. that stock down 10.5% right now. back to you, michelle. >> thank you very much, brian. that's going to be interesting to watch. >>> meanwhile, down in washington, members of congress are growing increasingly concerned about the pursuit of a different company of japan's sprint over softback. new york senator charles schumer seasoneding a letter to the fcc and treasury department, requesting deeper scrutiny of the deal, specifically because of softbank's ties to chinese companies. >> in fact, softbank even agreed to allow the u.s. government to have a say in a director to get approval for this deal. all of this occurring while dish network keeps its counterbid on the table. it's worth $25.5 billion and launching a

procter and dupont both in the high teens. here's the difference. you want to buy cyclicals when they have high teens, low 20s yields because that's typically closer to a trough in earnings. on the other side, you do not want to buy something like a procter when it is trading close to 20 times earnings. that's very richly valued to its and it's not sickly kachlt you are not going to see earnings growth. >> that would have been great if you were investing ten years ago. it's not great now. people are buying these stocks on a different method now. they rush in and they buy -- >> whenever i hear that, i get very -- this time, it's different makes me very nervous. this time is the same. >> we have a couple other, so, we have to get to them. google versus at&t. karen? >> yes. for me, google. by a fair amount. >> we missed -- >> i would rather google. for a lot of reasons. i mean, i think it's -- it's much -- there's growth there, is the bottom line. much more excited about the growth in google and at the multiple, i don't think you're paying a ton for it

procter and gamble is what it is, and that's the beauty of the company." ulivieri notes that p&g is doing particularly well in emerging markets. the future of lois lerner is in the hands of the house oversight committee. the irs suspended lerner from her position as director of exempt organizations. she held the job while the agency filtered applications for tax-exempt status for words such as "patriot" and "tea party." lerner defended her actions last week, saying she had not broken laws or agency regulations. ken corbin, former deputy director of the tax return unit, is her temporary replacement. some have called for her permanent removal from the irs. the house committee plans to call her back to testify, possibly as early as this week. it's official: news corp. is splitting in two. the stock rose friday after it was announced that the conglomerate will split its publishing arm and entertainment business. the plan had been talked about openly for about a year. rupert murdoch will be chairman and ceo of both companies. the target date for the split is ju

and two, procter's still at 18 1/2 times earnings. they're a better play here than unilever to take care of that e.m. consumer, et cetera. but i think you have to look at valuations, people. an expensive stock is ultimately a good barometer. if you're buying a great company like procter & gamble 14 times, who cares what the market's doing? it's not. it's 18 1/2. >> next trade, it is the most horrible part of the market, the gold miners sinking about 40% so far this year alone. frank holmes is ceo and cio of u.s. global investors and he believes sometimes you need to go where there's the most pain to get the biggest gain. frank, you're experiencing a lot of pain right now. your fund is also experiencing a lot of pain right now. so what do you see here that others aren't? >> well, i think that you take a look at gold stocks on a mathematical basis. what they call the death cross. when the 50-day goes below the 200 day. we like to go back the past ten years for gold stocks it's happened ten times. on average it takes about 90 days before

procter & gamble consumer products, it's an industrial filtration company.ick and pg, i'm calling foul, i'm saying the two consumer product companies. sorry, mr. wilson, we will sell mccormick. what we're going to do is buy a healthcare company. let's put up let's have united health. i will see you tomorrow! >>> for the second straight game, thousands of fans are outside toronto's air canada center wishing to be part of the league's first home playoff win in nine years. the bruins dashed their hopes in game three and toronto must respond tonight to avoid facing elimination in boston. game four is next! >> what a goal! >> score!

procter & gamble has a new president and ceo.nell is retiring from the company next month after serving since 2009. bill ackman has been pressuring him to leave. procter & gamble shares are up a half precent in after-hours trading. against the traitors like everyone we come back, helping you pick the best off your summer vacation and bring her back. congressman dear liza is saying that lowe's motor can no longer refuse or use the fifth amendment to protect yourself invessigation with liz macdonald coming up next. thank you orville and wilbur... ...a. neil and buzz: r teaching us that you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind. delta is looking beyond. 80 thousand of us investinbillions... in everything from the best experiences below... to the finest comforts above. we're not simply salutin history... we're making it. rowl] we used to live th a bear. we'd always have to go everywhere with it. get in the front. werive. it was so embarrasing that we just wanted t

procter and gamble, the former ceo, iraq. walmart in the numbers to spot.rt over the week. whether good affect consumer shopping. hewlett-packard and intel, a couple of technology names. speaking of the consumer, local, seers swinging this morning. nicole: take a look. bigger than expected quarterly loss. down about 14%. obviously, a big loss. what is interesting about the quarterly loss is the ceo clearly noting that it is unacceptable. our first quarter, 2013 performance is not acceptable. our assets should be generating a certificate profit beard he himself seems a little baffled. kmart is under their umbrella. online doing a little bit better. a couple things that they did know for seers, they talked about the cold weather. for the kmart shoppers, payroll tax increase. it makes them feel a little less rich. you can see it is down about 14.5% at the moment. this is not the news that shareholders were hoping for. cheryl: so verbal to the stressed-out consumer. thank you, nicole. iran targeting major u.s. energy companies. rich edson is standing by in wash

now, whether you know it or not, you probably own procter & gamble stock.in if you're going to a grocery store today, you're buying a p&g product and that's why we're telling you that the company is bringing back the former ceo to, as they say, fix the company. nicole, any impact on the stock? >> let's take a look. >> they like it. >> and the impact of the stocks. how about a 4% gain for procter & gamble, already this year is doing very well. up about 16%, but it's interesting, when they called, you know, him to come back and he basically said, bob retired, the board called me and i felt like duty called. i'm back to help maintain the business momentum and keep this productivity program going. so, a.g. lafley is returning to run the household goods company that obviously is a worldwide name and you can see the shareholders right now are loving it. >> hey, 4% up for a stock the size and clout of p&g. that's a solid gain indeed. the old guy coming back. >> nicole, thanks indeed. we are down 59 points, all right, a refreshing moment of honesty from the chief e

how about selling the stock of procter & gamble.t the company let ceo bob mcdonald go and replaced him with his predecessor, and then buying a similar package player to hedge the short out. this is all about execution. you are making a bet one company will perform better than the other regardless of the overall sector. that's the hedge. when it comes to execution, i was initially no fan of bob mcdonald when he came to the job. i thought even though mcdonald had a terrific reputation as a brand manager, particularly in china, he was failing to take the tough action needed to insure his company has a place in the global world. in fact, at the beginning of last year, i put mcdonald on the "mad money" wall of shame because of his failure to deliver growth and the open rebellion of the analyst calls, they were an excruciating affair. last summer, he had some reorganizations that allowed proctor to take out $10 billion in costs. much of these savings came from trimming the fat that mcdonald's predecessor, a.g. laffly allowed to develop. i

. >> yes, the consumer giant procter and gamble took investors by surprise. the company will announce the return of the former ceo to replace bob macdonald, effective immediately, sending shares down more than 3% because it comes in the midst of major reconstruction. the company tried to play down the switch, but traders are really very nervous. they fear that a bigger problem might be behind this sudden switch. looking at general markets, which are now in not such a good mood today, the german dax is down almost 1%. the euro stoxx 50 down 0.75%. the dow down as well. only the euro is a little bit on the upside. >> coming up, looking at the situation in syria as the opposition discusses joining peace talks with the opposition government. >> first, explosions and gunfire have rocked downtown kabul, and the taliban have claimed responsibility. at least two blasts sent smoke billowing out of the capital. witnesses reported a gun battle that still ongoing an hour after the blast. it is the second major attack in the city in little over a week. >> the internationa

. >> yes, the consumer giant procter and gamble took investors by surprise. the company will announce the return of the former ceo to replace bob macdonald, effective immediately, sending shares down more than 3% because it comes in the midst of major reconstruction. the company tried to play down the switch, but traders are really very nervous. they fear that a bigger problem might be behind this sudden switch. looking at general markets, which are now in not such a good mood today, the german dax is down almost 1%. the euro stoxx 50 down 0.75%. the dow down as well. only the euro is a little bit on the upside. >> coming up, looking at the situation in syria as the opposition discusses joining peace talks with the opposition government. >> first, explosions and gunfire have rocked downtown kabul, and the taliban have claimed responsibility. at least two blasts sent smoke billowing out of the capital. witnesses reported a gun battle that still ongoing an hour after the blast. it is the second major attack in the city in little over a week. >> the internationa

well, if you had a market order, and it's entirely possible, let's use procter & gamble, at 60, wentpossible you sold at 40. they can give whatever price they want and then bounces back to 60. if you put a limit order, sell at 59, boom, you're out. sold at 59, can always buy back at 30. it's about flash crashes. that's why. it's about wild markets and taming them with limit orders. our next tweet is fantastic. at fitted hat day writes, it's true. @jimcramer called me ought for yawning when it #georgiatech. that's right. i can't stand yawning or sighing. just go home. take a nap. but i always approve of our staffs voracious hunting through the archives. nobody does it better. >> no more yawning, man. i used to fire people at my hedge fund when they yawned. made them walk around the building, they come back again, they're fired. yeah, look, i've been sweeter and kinder and gentler now, and someone on the staff yawns on "mad money," i say, listen, go get me a soda or diet coke. no longer trying to fire people. but i think i will. anyway. here's another -- i'm not kidding. that means sig

. >> procter & gamble brought back an old ceo to run things.think it's safe stocks are too expensive. >> john? >> j-lo is partnerng with verizon to hit the latino market. i like verizon, i love j-lo. both.y b., bull or bear? ut verizon at a lower price. >> neil is up next. >>> well, whoever said that nothing is certain in life but death and taxes apparently forgot one littl thin. a job, government. it takes lot to get fired. when you are forced to step down, it takes a lot for you to lose your pay. welcome everybody. i'm neil cavuto. maybe the first tipoff should have been the s.e.c. workers caught downloading porn. most still kept their jobs. not that there's anything wrong with that. like the official at this center of this irs storm, resing to answer questions and getting put on paid leave. and a key state department player in the benghazi mess getting a white house nomination for a promotion. we're not saying all government

is that the valuations of a lot of those things, like the low growth companies, look at colgate, procteramble, these are types of stocks we've been talking about trading at 20 to 22 times earnings. these are sort of epic multiples for these stocks. so, you go from low growth to companies that have had no growth, you know, names like microsoft and intel have seen no top line growth. but you have to put your money to work. these things are trading at about a 50% discount to the aforementioned stocks. >> i don't think i can bring myself to sell at a loss just so i can race into microsoft. i think a lot of the old tech names, people want to be long them but they want to do it using options. we saw today more calls than puts trade in almost all of these name, which is probably just a defined risk way to get long. i think if i were long microsoft, i would take that 16% rally, since earnings and i would consider it a gift and be buying puts. one thing that didn't work and boy did it not work was linkedin, and facebook, they are both down on the day. now, what that says to me is google, which mi

consumer staple companies like procter & gamble, utility companies. and what it suggests to me is investors are coming back into the market. but they're doing it in a very tentative way, dipping their toe in the water and finding the companies and stocks that feel safest. >> one thing about this rally is that everybody questions it. i mean, every time you turn around, someone is saying well, the sell-off is around the corner and the sell-off is happening. michael, what about that? it's such an unloved rally. and technical strategists will say that's a contrary indicator because everybody is questioning it, they think the market keeps going higher. so how do you characterize the earnings season that is almost done and the fundamentals that are driving this market? >> well, it has been, as you mentioned, an unloved market. but, you know, earnings have actually been up fairly good so far. the numbers in terms of the current numbers have been pretty reasonable. what has really been telling, i think, is future earnings guidance has actually been pretty con

fund has about eight point five billion dollars in assets under management which include holdings in procterand gamble and colgate palmolive packaged goods giants now the green company it does have some green investments but is known to sell them off if they don't turn a profit quickly enough in two thousand and seven the tennessee center for policy research published gore's national poll new utility bill showing that it used almost two hundred and twenty one thousand kilowatt hours in two thousand and six alone that's twenty times the national average household consumption and that's just one of those homes he has several and they are all very large all told al gore is worth over two hundred million dollars and not all that money is so very green he's pretty much as rich as mitt romney the guy everyone said was so rich that he was out of touch with real people. being someone who doesn't covet money or appreciate corruption i agree with the sentiment voiced recently about how too much money is corrupting our government but let's all just remember that that applies to everyone who makes hundr

. >> think about what just happened to johnson & johnson, procter & gamble this week. they stocked near to lows of the week. we've been flagging them and we've been wrong for a few weeks now. these valuations got amazingly stretched for companies that are growing earnings for mid single digits for perpetuity. >> you can't feel bad about selling a stock that's overpriced. even if you understand that, an overpriced stock can get more overpriced. >> so, are these stocks underpriced? one of them we're going to talk about is deere. if you look at cummins today, which had a great day when the rest of the market had a horrible day, i think deere is probably the best nay in there. the rest of them, technology names, i'm not the biggest fan of these, like oracle or f-5, they're just not doing very well, when they should do well. deere, on the other hand, actually had pretty good earnings. the leadership is worried. leadership of a company is supposed to be worried. they're not supposed to be all pie in the sky. >> okay -- >> deere is the best name here. >> let's talk about deer

procter and gamble taking up to 75 days to pay off. details ahead.ic, the 10-year treasury. ♪ ♪ >> reporter: hi, and tracy burns with your fox business brief. u.k.-based is signing a deal worth billions. operates the airways. also including an option to buy 90 additional planes. shares of its popular vote -- sparkle of wall street, initiating coverage for the reseller with a bullish trading. without performing a base target of $89. thriving town of the estimates for the third quarterrreports. starbucks customers will soon have the farm out. starting tomorrow the coffee giant will ban smoking within 25 feet of its stores. the ban applies to the 7,000 stores and then operated regardless of whether they have regardless of whether they have outdoor seating or [ male announcer ] this is the age of knowing what you're made of. why let erectile dysfunction get in your way? talk to your doctor about viagra. ask if your heart is healthy enough for sex. do not take viagra if you take nitrates for chest pain; it may cause an unsafe drop in blood pressure. side

and when you own some posturing gambled the ceo was moved and procter will bring back the well-rrgardedmer ceo to run the company now the stock is jumping 4% on the news and pershing square capital own 20 million share that is a gain in one day of almost 90 million -- $90 million losing money by jefferies sealock abercrombie and fitch may need more than thin and beautiful customers same-store sales plunged 15% in the third quarter's sending the stocdown tumbling that was also four point* $4 million today and also married jay oblige the ira's max our with the 3.$4 million tax lien what of way to end the weekend. the interstate bridge in washington state collapsing into river last night dumping to vehicles into the water fortunately no one was killed. the over $1 billion of stimulus from washington state for infrastructure fix how could that even have been? join me now from the wall street journal editorial board, washington state gets 1.$5 billion and spend senator 50 million not on bridges but high-speed rail? what is going on? >> it is a misallocation of resources and u will see a lot

stocks like procter & gamble vanished. hundreds of billions were lost. out, i quickly realized this is exactly what i most feared. there were no large buyers, no high frequency buyers, plus the new york stock exchange which has specialists designed to slow things down had become a much more factor in trying to destabilize things. anyway, i've tried to let people capitalize on it by putting in limit orders. they started coming back. if you panicked and sold, let's say you lost a fortune, so take a look. >> now broken dow 10,000, nearly 900. >> p & g is now down 25%. >> if that's true, that stock is there, you go and buy it. take me there, that is not a real price. >> that is liquidating. is there a distress signal? >> 49 and a quarter bid for 50 tough. proctor if i wrote my hedge fund. proctor jumped 7 points. i'd buy 50,000, 49, flipped it at 59. the market didn't work. it broke down. the machines broke down. it's the greatest story never told. you will never know what happened there. >> there was no liquidation. there was no news. the p & g trade worked

which should you buy, intel or procter & gamble.re are all kinds of pairings that we will bring to you. do you plan on re- activating your aol e-mail account? is the cool factor back? check out some of the answers we are getting as we go to break. ♪ welcome to the new buffalo... where new york state is investing one billion dollars to attract and grow business... where companies like geico are investing in technology & finance. welcome to the state where cutting taxes for business... is our business. weome to the new buffalo. welcome to the new buffalo. welcome to the new buffalo. new york state is throwing out the old rule book to give your business a new edge, the edge you can only get in new york state. to grow or start your business, visit thenewny.com [growl] we used to live wi a bear. we'd aays have to go everywhere with it. get in the front. we drive. it was so embarrasing that we just wanted to say, well, go away. shoo bear. but we can't really tell bears what to do. moooooommmmmm!!! then one day, it was just gone. mom! [ann

let's bring in procter & gamble shareholder now for his take.posner is senior portfolio manager at matrix asset advisers. it's among your top ten holdings. good morning. >> good morning. >> do you guys like this move? >> we do like the move. we think it's a good move for the company and ultimately it's's good move for the stock. the management especially mcdonald's had been under pressure by shareholders and activists, and ultimately the board was feeling that pressure either from share hoeholders or other performers because it wasn't holding up as consistently as it should have been and that created the need for a move. lafley is, we think, a great choice, and we know think it's a net positive for the stock. >> this is still one of your top ten holdings so you couldn't have been that dissatisfied with how the company was doing. well, to be fair, about a year ago it put in the new plan. it entailed focusing more on some of the price gaps and they were charging too much for some of their prices versus competitors and they'd not moved aggressively

procter and gamble must be feeling it.osing a major delay in paying its bills. this is an interesting story. more coming up right now. >> reporter: zillow. p&g is invoking another old saying for its ad shops. hurry up and wait. one of the biggest advertisers in the world. now forcing ad agencies and suppliers to wait for a full 75 days to be paid. twenty-five days longer than the old waiting time frame. 56 percent launder. no imaginary grocery store chain wanting to force p&g to wait 75 days to collect with the grocery store those for stocking up on the diapers and up the busy mall and tide detergent and headed shoulders shampoo. it is not contacted. p&g makes them wait because it can't. is one of the largest in the world. its stock is very very well the past year. it allows 25 brands that each have over a billion dollars in annual sales. whereas grocery stores typically earn maybe a penny on a dollar of sales. even then that profit relies on payments from p&g and other makers from premium product placement on store shelve

ny of those companies, procter and gamble, coca-la, pepsi said 18 and 21ultiples wh low single-digitopline growth. way vervalued. most of them have had a big run. there is no topline growth. basilly pa in clips in these business -- businesses and it does not make sense. is t greater foo who is paying these types of multiples. lori: does thin that were so kind to so many of us and that we see interest rates rising, telecom utility. it is interesting that the cyclical names, companies that do better in a growing economic environment actually even cheaper than those names you were just talking about. >> but actually, the stor has done veryoorly. it has been a lagrd. we are talking about the power house companies. if you look at companies like cisco, oracle, back out the cash. these companies have a sorts of excess cash, they are still selling at nine, ten, whenhe market multiple, they generate huge amounts of free cash flow. they havetrong franchises and getting absolutely no respect this year whatsoever lori: let's talk a little bit about the fed. what is your take on the stock of tape

procter & gamble look pretty good, verizon, ibm, cisco, and chevron also higher along with boeing and american express. what do you think is the final left over emotion from yesterday's fed news that could begin in the next couple of meetings? >> they really don't think that is likely. what they heard from ben bernanke talk about the fact monetary stimulus has helped keep this going, significant benefits, take away the stimulus this time could stall the recovery. people are taking what he said and listening to it. you may see a pullback as soon as june. i don't think that is likely. >liz: existing home sales looks good. april sales for new houses reached the highest level since the summer of 2008. what a rally we are seeing with kb homes, toll brothers up, not a bad picture. we do appreciate it as you look at everything that is happening. gold is moving higher by $23 the aftermarket session. very much the opposite swing. today only backup to hire news. news of the fed particularly the fed minutes from the april 30 meeting. wayne angell was not concerned, a fox business exclusive yeste

american express, procter and gamble, coca-cola and viacom. no change in those holdings.hat do you make of that list? >> it is pretty good. there are a lot of things he said over the years i appreciate. value is what you get. he is a big value guy. our favorite holding time is forever. if you look at the less companies you mentioned, you could conceivably hold those companies forever. this is something for all of us to take into consideration, a lot of the companies he invested in he knows theirbusiness, he uses their products. helps them see the plus and nus of owning those stocks. gerri: something you said about our investment horizon is forever. warren buffett sidestepped all of the problems because the companiis went bust and they went away in many cases, so down to brass tacks, what is warren buffett buying? wells fargo, a favorite of warren buffett. well-regarded, certainly more than a lot of the otherlays. walmart, direct tv and ibm. what is interesting there? >> the directv play. i see the satellite industry dying. that is the thing, there is new technology out th

it's the chief reason why you see the procter & gambles, the clark's, the pfizers. the southern company, the dominions, the douk, the coneds and electric pour, aep. i'm not used to seeing, i've never seen the kind to have rally in that stuff. when you lay the tax treatment to congress not bernanke extended this year, something that makes bonds pretty much of a joke, you ascern the stocks on the stockmarket. i'm not men mizing the ber faeng talk. it's important. further, we know he has given people an extraordinary opportunity to by homes -- owe buy, by, buy -- housing affordability is off the charts and should be the principal investment of everyone who watches this show. they can't stay this cheap. the rates will eventually move up. at that point, buying a home or refinancing your current home will cost more. so it pays to buy a home right now. i refinanced three times during this stretch. it's brought in huge amounts to my bottom line. yes, i'm going to say it, look, i love stocks. this show is about stock, principal investment right now should be the house, not s

. >>> coming, ag lafley has just returned to the helmet of procter & gamble.e secure. [ whirring ] [ dog barks ] i want to treat more dogs. ♪ our business needs more cases. [ male announcer ] where do you want to take your business? i need help selling art. [ male announcer ] from broadband to web hosting to mobile apps, small business solutions from at&t have the security you need to get you there. call us. we can show you how at&t solutions can help you do what you do... even better. ♪ how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enjoy all of these years. ♪ >>> yes, welcome back. i'm louisa bojesen. utah with the old, in with the new. rocketer & gamble is now set for another big management reshuf e reshuffle. bertha couples joins us from cnbc headquar

remember i told you about that procter & gamble, master limited partnerships. real estate trusts. they can be deadly here, just deadly. sell, se sell! of course. look, i know you don't feel like this after down 200, but we could have some ideal combination of slower but still good growth in the united nations. will keep interest rates in check, stronger growth, particularly overseas in china and europe. i'm not banking on that anymore. we have to wait. how long will we have to wait if we get that ideal combination? we will find out. what's your game plan? on sunday night, of course, you won't be reacting to it monday morning, you can get a key number out of chosen the nonmanufacturing pmi. i expect it to be alas disappointing. like everything else from china. what else is new? i will say if we get one good number from china, the men ral stocks are so low, they can rock it. we have euro zone, to be honest, all you see sheer a number as bad as the last one. would that be too much to ask? and if we do, we will catch a rally, both here and there, that's only just as bad as we expected

i think the procter & gamble management team of the past -- liz: i was just going to say, they bootedou talking about a.j.? >> a.g. coming back may be wonderful for the company. liz: fascinating. thanks so much, jim. we're going to put jim's stock picks up on the web site, facebook.com/lizclaman. closing bell ringing in eight minutes. we're watching all those companies in the s&p 500 that are reaching not just yearlong highs, 52-week highs. and on your screen right now we're keeping an eye on that tornado warning that is out right now for parts of central oklahoma and wisconsin. there is a storm cell hovering over the region that is worrisome to the experts here. so we're watching it closely. take cover, they say, if you are in the area of central oklahoma. ♪ ♪ this is america. we don't let frequent heartburn come between us and what we love. so if you're one of them people who gets heartburn and then treats day afr day... block the acid with prilosec otc and don't get heartburn in the first place! [ male announcer ] e pill eachmorning. 24 hours. zero heartbur [ cows moo ] [ sizzling

everything new is old again at procter & gamble. a.g. is back. shares up on the news, making it one of today's best performing stocks in the s&p. it's a win also for big lackman, who told me the following last night, that a.j.lafley is one of the greatest ceos and we're delighted to have him back. the stock is acting that way as well. what do you think about this story? we can talk about what it means just in the space of staples. >> he's iconic as an executive. it's great that he's coming back. he's the only one they went to for the job, apparently. i don't view it as particularly expensive here. it's a brand name. i don't see huge upside in it either. >> i think it's pretty much totally devalued here. if you're in it, you can stay there, but you don't apply fresh money to the stock. >> not based on what you think lafley might be able to do going forward? that mcdonald wasn't able to accomplish which drew some criticism from ackman and other large investors. >> i don't see a near term panelist. >> an expensive group. they may suffer completely.

. >> what about the procter & gamble -- >> there's no question procter & gamble under bob's tenure underperformednd so they brought back the past ceo, and you know, i think -- i'm not sure what shareholders were forcing to change, they were probably stirring within the company itself. from what i understand, morale is quite low within the company. when you start comparing yourself to key competitors then you're watching your key competitors doing better. the enterprise is aware about those changes, and i believe the board was aware of it. one thing you didn't say is procter & gamble has a very good board and jim mcnerney played a very important role as lead director. >> we will continue in just a moment and when we come back, jim cramer is fired up and ready to go. we'll go to the new york stock exchange right after this. ♪ ♪ fly me to the moon ♪ let me play among the stars ♪ and let me see what spring is like ♪ ♪ on jupiter and mars ♪ in other words [ male announcer ] the classic is back. ♪ i love [ male announcer ] the all-new chevrolet impala. chevrolet. find new roads. ♪ you chevrolet. find n

for other players, we think we have done and what companies like procter and gamble and ebay and schneiderrmaceutical companies have recognized that bbx has been able to balance this, sort of, consumer technology that you would want to use as an end user and enterprise scale ability that you are used to. there are not many products that can do that on the scale of a multi hundred thousand person organization. >> reporter: let me bring in liz claman, our anchor in new york. you will see right over there. liz: great to hear and see your story. we have lost you guys closely, and i guess the question really becomes at this point, what happens if someone wants to buy you? you seem like a kind of guy he was a very independent thinker. what happens if a big boy, i'm thinking google, anyone wants to a comeuppance nap you up. would you think of it in the same way over to say, i want to run this thing. that i created and now want to do. >> i like to you, the independent thinker. i take that as a complement. we are entirely focused on building our long-term sustainable independent company. recently c

. >>> wall street is buzzing about procter and gamble. the 175-year-old company that makes products like tide, crest toothpaste and other household staples is bringing back its former c.e.o. he is replacing c.e.o. bob mcdonald effective immediately. he led p&g till 2009. >>> know this. gas prices are moving up as we head into the memorial day weekend. according to aaa, the average price for a gallon of regular unladied is up to $3.66 a gallon this morning. that's up 6 cents in the last week. we're paying a little bit less here in the greater washington area. our average $3.58 a gallon. just so you know when you get in the car this morning what you're facing on this get out of town friday. >>> what do you have for us in the next half-hour? >> speaking of managing your budget, this is also a big weekend for sales. we're going to be taking a look at what kind of discounts you're going to find in stores, which ones you're not going to want to miss. >> thanks, jess. >>> you might have heard about this one right before bed last night and obviou