thanks. >> of procter & gamble.ated up about 40 cents or so on the day. >> for more on our global cfo count sim, check out cfo council.ynbc. we have another guy coming, at&t's cfo. >> joining us later this morning. also, results are a few minutes away. plus the move to take over allergan, valiant ceo michael pearson will be joining us, coming up at 7:30 a.m. eastern time, joe mentioned at&t out with results last night. cfo john stephenson will be joining us with the competition at 8:00 a.m. eastern. :00 a.m. e. . . welcome back, everybody. when we come back, a lay for botox maker allergan, ceo michael pearson, here in studio and ready to talk about the offer, how they met, what they plan to do. we'll have all of that right here right after this. ht after . . welcome back. let's check out the futures and i'm told that boeing was like an alarm clock. it hit exactly at 7 and phil le beau, that's his boat. how did they do? >> better than expected on the top and bottom lean. in the first quarter, they earned a dollar 76

procter and gamble is selling a large kibble of its pet food business. mars inc agrees to pay $2.9 billion for p and g's iams, eukanuba and natura brands. the deal excludes some markets, including europe. procter and gamble is in the midst of a turnaround plan that will see it focus on its more profitable core businesses. a looming debt payment could put american apparel in peril the retailer is facing a $13.4 million dollar interest payment this month and that amount exceeds the amount of cash on hand. ceo dov charney has secured a funding infusion from swiss investor five t capital a-g. the zurich based investor now owns a 13% stake in american apparel and is the company's largest outside investor. the nation's largest manufacturer of kosher foods has been sold. manischewitz has been acquired by sankaty advisors, a division of bain capital, for an undisclosed sum. the number one baker of matzo in the world will continue with business as usual according to the company. a bill aimed at ending killer whale shows at sea world-- will wade for now. the legis

i think this is a procter market right now.he one thing that could scare the shorts is that one of their favorite names to short got a take over bid this weekend. mallen croft. >> i recommended quest to "mad money" and i was hit by a word that aetna wasn't going to support it for the syndrome and this was a name that people told me was the equivalent of autonomy. that could scare some of the shorts. and bet against the workday and concur. let's talk about some of these deals. maybe we'll call it a merger monday. we had that deal on the pharmaceutical side. $5.2 billion or so in cash and stock. well, it was at the time 86 and up. it will be worth the deal. giving credit to a lucrative ms drug and $30 a share point. questioning the actual chemical make up of the ingredients in the gel which is one of their key for -- >> that is their key really. >> right. >> so they have a 20 plus percent shortage that being quest core but what is a more important theme here that we continue to talk about playing out time and again is tax in vers

and will it boost procter and gamble's bottom line. not your mother's network. taste made brings it into the digital age with a self-made video apps to showcase your favorite dishes. and bread tutorials to learn from the experts. an exclusive interview with the founder steven kid who is taking the tasty affair on tv and putting it at your fingertips. "countdown to the closing bell" cooking it up right now. we have got breaking news on keystone, breaking news on lulu lemon, that lawsuit, lots that happens this hour, so glad you are joining me. i am liz claman. fox business open for business because markets around a world are open and trading today including japan, south korea and ukraine which we are watching very closely. despite the fact that progress and militants are refusing to comply with the deal, the russians and ukrainians agreed to vacate what they overtook. the market's showing major sign that investors are optimistic, tensions calm down in the region. the ukrainian market looking at it right now. the u.s. closed up more than 1% day. viking losing a li

people thought procter & gamble is not doing well. it's a big position for my charitable trust. what a break the trust got today. clor clorox, coca-cola, verizon, at&t, all going higher and they're fulfilling the function of bond markets. they're bond market e give lens. people know they quetta i good yield fromma i high-quality company after taxes, but that's not the only source of buying power and the same people that might be selling industrials because the economy must be slowing and they make what we call staples and the foods and beverages and the like and the on an ugly day, those who fear that the slow dunn must be lurking issue buying these stocks. why not? very few of the high-flying techs offer dividend protection. the industrials have advanced so much that they offer scant yield up here and they have to go down a great yield before dividend protection weighs in. the stock profits and the fear of investors losing them. that's at play, as you'll see in a moment there are many stocks with insiders who fear their profits are disappearing and money managers who know they

visa and procter & gamble are today's big earners so far.claims most lawsuits are for accidents that happened before 2009 when it declared bankruptcy. the auto makers facing about 1500 lawsuits at the time of the filing. gloog l glass went on sale yesterday and quickly selling out. each pair cost about $1,500, google says the glasses will go on sale again later this year, the cost, though, will be much lower. >>> we're using more and more trains these days delivering the goods you need, and that's good for the economy, but there's a problem. congestion. >> we'll do everything that can be do to are store service levels. >> reporter: traffic jams snarl freight train service throughout the midwest. at a hearing, government officials focused on two primary rail lines. at issue weeks or even month's longs service delays, costing millions of dollars in lost revenue. steve heads a group of rail customers advocating for more reliable service. >> all of the groups that ship goods by freight rail that are located in this upper midwest part of the coun

and then i started thinking about this and thought about what about procter & gamble?duracell, but duracell course. they own duracell. now lumped in with all sorts of products that you wouldn't think duracell would be lumped in with, and would this be something that duracell, that procter & gamble would spin out duracell and get rid of that as well and maybe you have the two battery companies back face to face with one neither way they used to be before wall street did when it did. >> big old bad wall street. herb greenberg, always absolutely a pleasure to have you on "street signs." isn't that a fact? >> that's the only absolute i know. >> we're at session highs, by the way, and if the dow hold on to the gains we'll close at record highs. the dow is up 52 points to 16,587. i think the dow is up 4,000 or 5,000 points or more since we launched this hopium campaign three years ago. like to throw that out there. >> he was blaming wall street for twitter's woes, you're claiming all the, you know -- >> i'm just saying it's okay to get out of new york once in a while, you kn

today facebook, today apple, we've got dow chemical and procter & gamble as well but it's the formerwo that i think will capture most of the interest. the market rallying six days in a row on the back of pretty decent earnings. not good news for jetblue yesterday. airline pilots, majority of them, 71% voted to join the airline pilots association union. the company already warned earlier in the year that could put benefits and pay up. that is a concern for jetblue at a time of increasing competition. back to you. >> appreciate it. still ahead on "way too early from wrigley field," understanding the significance of the 100th anniversary. we'll talk to mike barnicle about what this field means to baseball and chicago. this field is fantastic. >> and the ruling on the pirates/brewers ball. we'll talk about that when we come back on a special edition of "way too early" from wrigley field! all stations come over to mission a for a final go. this is for real this time. step seven point two one two. verify and lock. command is locked. five seconds. three, two, one. standing by for capture. t

procter and gamble takes steps to improve its sustainability model after large protests. at issue is palm oil and de- forestation. the oil is in increasing global demand and it's led producers to clear trees to make room for new plantings. green peace protested last month at p-and-g headquarters over the issue. still to come: on the lookout for a stockmarket breakout .. a bear gives us some insightful advice ahead of today's session plus the financial lesson great actor mickey rooney leaves behind.. and...score snoops....why more employers are looking at your s-a-t results! that's next with bill moller! real issues they're dealing with can be awkward and uncomfortable. but when their behavior changes, it's time to act. because if we don't, our families and relationships will suffer. listen to the veterans in your life and show you care. it matters. when you recognize a veteran is in crisis, call the veterans crisis line at 1-800-273-8255 and press "1". criticized, reviled and again, soon to be revised, the scholastic aptitude test still, is supposed to tell admissions off

brands, they already own pet food, but the marketing with iams will boost up sales, the contract with proctergamble. >>> and bed bath and beyond, i love the beyond department there posted disappointing earnings after the bell. they saw sales decrease in the fourth quarter, earnings in line with estimates but the company's revenue missed and the outlook came in weaker than expected. shares fell initially in the after hours session stock ended the day up a fraction at 67.91. >>> a head-turning report about how much some individual doctors have been reimbursed for treating medicare patients, including one florida ophthalmologist who was repaid $21 million in just one year. scott cohen has more. >> there is no question salomon melgen of west palm beach is successful, a board certified ophthalmologist with successful businesses in florida, treating governors, celebrities according to his website. solomon melgen is also the top medicare billing doctor in the country, collecting $21 million taxpayer alone. newly released information, information the government kept private for decades is shedding ne

of hair color products dipped almost 4%, sales fell for batteries and toilet paper, companies from procter & gamble seeing the pain. >> companies have been struggling for the past few years and we think we'll see promotional activity for the next couple of years. >> we'll see what it means for the bottom line as earning season kicks off. keep in mind this has been a challenge for the market, and it will be key to see if there are signs of turn around, tomorrow we'll get a report from bed, bath and beyond. and next week, coke and pepsi, that will be key for the consumer. >>> now, we'll talk more about the consumer staple sector and consumers, senior household and care manager for j.p. morgan. john, do you think the trends that sarah was just reporting on is because of changing consumer preferences or is it because of tighter household budgets? >> i think it is a little bit of both. i think depending on which category you're talking about it could be consumer preferences, for example, we're seeing a weakness in carbonated soft drinks because of concerns about aspertame, elsewhere there are c

. >>> here on wall street we'll get earnings reports today from boeing, delta, and procter & gamble.day solid earnings reports sent the stock market soaring with its sixth straight gain. the dow gained 65 points while the nasdaq jumped almost 30. >>> the supreme court heard arguments yesterday that could affect internet television. the major networks including cbs say a small company aereo is breaking laws by offering free tv shows. some justices seemed concerned their ruling could strangle internet innovations. their decision is expected by the end of the june. >>> the job market for college grads has gotten better but only slightly. the labor department says the unemployment rate for 2013 college graduates just under 11%. that is down from 13% in 2012. but it is still higher than the 9.6% rate for all americans ages 20 to 29. >>> could e-cigarettes go up in smoke? the fda is expected to propose tough rules for the fast growing market as early as this month. public health groups are calling for the fda to regulate electronic cigarettes just like regular cigarettes, including banning

procter & gamble upped its quarterly dividend by 7% today marking its 58th consecutive year with a higher output for shareholders. shares of the consumer products giant which makes everything from pampers diapers to tide detergent rose nearly 1% closing at $80.49. but lands' end off to a rough start in its trading debut on the nasdaq today. the clothing retailer was the latest unit spun off from sears holdings which has owned it for the past 14 years. lands' end ipo landing with a thud. down almost 7% to $29.55. and not a good day for credit suisse. switzerland's second largest lender may face a new investigation by new york state banking officials for its role in helping wealthy american clients avoid paying u.s. taxes. the state's top financial regulator requested documents from the bank to see if it lied about creating offshore tax shelters. worried investors sold shares of credit suisse. they fell nearly 2% to $32.07. >> shares of the nation's two largest credit card processors ended lower. reuters reports a lot of big retailers are looking to lower their costs by investing in their o

we talk about procter and gamble and starbucks, they love this type of platform because it makes thingsore efficient for them. but if you think about that third party, small mom and pop shop, what's also interesting about this platform, it gives them the opportunity to market to the consumer. >> it means they can limit the shelf space. i want to thank you very much for joining me. much appreciated. my thanks. coming up on "taking stock," you're going to learn about a reputation online. reputations, they're made by customer reviews. now some customers claim that old reviews of their businesses are being replaced by new ones. we'll find out why that is important and why that matters to you. but first, we will head to the new york auto show and talk to a kia executive about a new, redesign of the sedona. ♪ ♪ >> the new york international auto show opened to the media today. car executives unveiled their latest designs and models. kia reveals its new redesign of the sedona. matt miller is at the new york international auto show. he's standing by with one of the chief executives. tell us abo

industrials, and if utility it down, you can see the five names that are low arer at the moment, coca-cola, procter pfizer, microsoft, jpmorgan chase, merck. markets are coming back a little bit, nasdaq has climbed climbedd scratched its way above the 4,000 level, fell down briefly to about 3,996. now it's at 4,010, climbing, a lot of destabilization in these markets. we lost most of the gains for a moment there after about 11:30 a.m. eastern when it was revealed that over the weekend a russian jet had buzzed a u.s. warship several times and did not back off when asked to. also word is the head of the cia is now to have visited the ukraine capital of kiev over the weekend too. so what's up with that? there's some action here, and bob hormats, former state department, has said you have to watch this situation and just not imagine it's so far away and doesn't affect my money. as you see today, it did and it is. let's go back to an individual stock here. herbalife, for months we've been talking about this. bill ackman has been shorting and hating the stock, usualing authorities and even senators like

procter & gamble, i've been waiting for the big restructuring since laughly came back.eally rationalize the company, raise the dividend 7%. this is all good news for proctor because i think proctor needs to be a little more focused. by the way you get very good discount on proctor products. >> other large potential businesses out there from larger companies, navartis animal health for sale potentially. >> yes. >> and then, obviously, merck's consumer business. >> that's for sale. >> a lot of offers from i'm hearing. an active potential auction. could go for 11 to $12 billion. >> are you serious? >> bank kaiser the one i'm hearing on that. >> that's why the stock is, that's a great call by you. >> again just to this idea of the larger companies starting to part with some of the assets they don't see as strategic. >> shoals too for merck have the consumer products business. b and g, small company, bgs, conference call recently, 4% yield, they have been moving very aggressively. there's a lot of companies that want this space. they want this space. >> meantime let's move t

we talk about procter and gamble and starbucks, they love this type of platform because it makes things more efficient for them. but if you think about that third party, small mom and pop shop, what's also interesting about this platform, it gives them the opportunity to market to the consumer. >> it means they can limit the shelf space. i want to thank you very much for joining me. much appreciated. my thanks. coming up on "taking stock," you're going to learn about a reputation online. reputations, they're made by customer reviews. now some customers claim that old reviews of their businesses are being replaced by new ones. we'll find out why that is important and why that matters to you. but first, we will head to the new york auto show and talk to a kia executive about a new, redesign of the sedona. >> the new york international auto show opened to the media today. car executives unveiled their latest designs and models. >> the new york international auto show opened to the media today. car executives unveiled their latest designs and models. kia reveals its new redesign of the sedo

on wednesday boeing, procter & gamble, apple, facebook, new tech, old tech-ish, consumer discretionary be all about growth, perhaps advertising, and then apple maybe what they're going to do with all that cash at some point in the future. also with thursday, caterpillar, gm, 3m, a whole slew of big nails, and ford on friday. so very much a confuser focused end of the week. it will be key to see whether there's any comments about a tangible effect in the future about the ignition switch recall and what's happening with sales overall. brian, a big week for earnings overall. >> thank you very much. dom, on thursday a huge week. i think i'm trying to corral this herd on thursday. won ner picked a good day to be off. now i know right. if it appears it would be the biggest pharmaceutical deal ever, but it's a huge if. pfizer may make a bid for astrazeneca. >> meg has the latest. >> thanks, brian. it could be the biggest pharma deal of all time. pfizer for astrazeneca at $101 bill chron. reports over the weekend say pfizer may have made the approach a few months ago, but talks fillsled. despi

million was set up by, among others, the ford motor company, general motors, mobile west electric, procteramble, u.s. steel, and monsanto. maintains the king library and archives of the civil rights movement. among the many programs that king center runs have been projects that work "closely with the united states department of defense, the armed forces, chaplains board, and others are go it cosponsor the martin "the freeg junior -- enterprise system, an agent for nonviolent social change. they did the same thing in south africa. they did the same thing in indonesia. you know, with [indiscernible] and very much so, in places like india, where they move in and idealize the feminist movement. you have a feminist movement, which was very radical, very vibrant, suddenly, getting not fundedit is organizations are doing terrible things. they are doing important things. whether it is working on gender but in theirs funding, they will gradually make a little border between any movement which involves women which is actually threatening the economic order, and these issues. in the forest when i wen

procter & gamble lower after its earnings ahead of expectations. revenue missed.ull year adjusted outlook. stock off a point and a third and boeing with very strong results. its stock up 2% in early trading. we're keeping watch on the transports as well which right now are just about well within striking distance of its all-time high as well, about three points away. of course helping this is the news from delta airlines which came in with stronger than expected numbers despite canceling 17,000 flights in the first quarter. the company's ceo making positive comments saying its joint venture with virgin atlantic and the revenues from the add-ons or perks with we pay for helping to drive revenue. norfolk southern done after reporting a decline in quarterly profit. it's seen its business impacted by a decrease in coal shipments. dow up about 6 points. . to see a little weakness in the s&p and nasdaq. back to you. >> thank you so much. mary thompson. let's get to the bond pits check in with rick santelli of the cme group in chicago. welcome back. >> thank you, carl. y

yum brands, boeing, procter & gamble. we are seeing down arrows for most of those. old apple, we'll be hearing from apple. apple has an up arrow now, up about 1%. you remember when this was a $700 stock. everybody's been waiting for great innovation and great numbers from apple, we'll see whether or not that can come to fruition. i was reading some of the comments from the analysts, and yum brands, you may remember, also has been beaten down in china because of the poultry problems and pr issues there. and some of the analysts particularly over at jpmorgan saying that recovery in china has already been priced into the stock. so everybody's waiting to hear some good news from some of these guys, and some of it is is in stocks. you have got to have a little caution. liz: let me just say this, that they have a division called aziza for younger girls, and i don't know about anywhere else, but it's the hottest thing for kids in new york. all these girls are taking dance classes, and they all want to do spin. it's nuts. they could really come back here, something to watch

>> procter & gamble. >> they make a fine soap. >> they do make a fine soap. george didn't even apply. but he he wanted to go.so he had been to corpus christi being trained and i think he really loved that feeling of doing something different. >> when i think back to midland, texas, i think of baseball. my dad was a very good baseball player. he was a captain of a successfu. yale baseball team. they went to the ncaapl championship twice. sadly lost both times. and he was a good first baseman. i t used to love to play catchhp with him. i remember the first time he said, son, i can throw as hard as i want. ti which meant a lot to me because it meant i had come of age, at least in terms of being able ta catch a baseball. >> the bush family began to grow. first was ame daughter, robin, d another son, jeb. bush went into the oil business and founded the zapata petroleum business with a group of investors in 1953. it became an offshore drilling operation with rigs around the world. >> we had some very difficult times. when the rig went down and that was what stirred

>> well, the earnings news was mixed with boeing bet ter than expected, and procter & gamble sales disappointingt the slowest pace of home sales in a year. affordability is an issue with the interest rates creeping up to 4.5%, and the median price is now at a record $290,000 nationally. >> and a lot of the folks are talking about the irs bonuses. >> yes, interesting, because the irs obviously if they find something funky on the return, you will be audited and they want to hound you to make sure that you pay your fair share, and seems that the irs nearly paid $3 million the workers who were facing the disciplinary action according to a new report from the inspector general, and some face actions for misconduct for federal credit cards misused, fraud, and unemployment benefit abuses, and there were also bonuses paid to those who owed back taxes. this took place between 2010 and 2012 and the irs now says they base the bonuses on the performance and presumably they pay the bonuses to pay the back taxes, richard. >> one would hope, bertha coombs. >> and now, the most beautiful issue just released. he

they're the only game in town, but maybe companies with very predictable revenues with higher growth, procter & gambles doing better than some of the more speculative names. you think that's where you want to be. >> gentlemen, stick around. i want to turn the conversation to the hot topic of the week. high frequency trading. the value of a millisecond and what investors will pay for it has been a big part of our high frequency discussion this week. a recap from the flash boys author michael lewis, i.e. ex-ceo brad cats yama and labatts ceo bill o'brien. >> we are not as fast as the fastest hfts. we've were slowed down hfts ain't to react on this change. if a mutual fund or hedge fund gives an order it's our responsibility to price it -- >> the same hft customers we do buy producing a valuable service to the market. >> let's just -- >> it got deep, hairy, very technical, gentlemen. dave, let me start with you, and if i'm understanding your position on high frequency trading, it's that you are a long-term trader, and that fundamentally, you're happy that there's some light shed on these practic

>> i like procter & gamble, j&j, novartis, tech like apple and qualcomm.blue chip names that pay you more to own them. go with balance sheet strength in this type of environment. i think it's going to serve clients well in a volatile, i think choppy market to come. >> art, do you think this is the start of a bigger selloff to come, or is it just kind of a small blip or rotation, whatever? >> it could turn into a bigger selloff. and we'll know very shortly relative to today if they come down. again, they're headed in that direction and break that 4060. then you'll probably get a secondary round of selling, and then it will become essential that they defend 4050 in the nasdaq to prevent things from kind of cracking open. >> but what would you think is fair value in the market, art? >> well, i would think that we're getting close to very important testing. on another support level, you've got to look at the s&p. 1837 to 1840. it's held there four times. if it cracks there, you'll bring in secondary selling. so you're at some very critical technical areas here

millions of dollars a year helping conservative students learn to be activists in what were calling the procter style meanwhile an event like the big sale is considered -- not so much by administrators and faculty who don't like them, but more so by conservative students themselves. at this private university conservative undergraduates to announce confrontational actions just for the sake of pushing the buttons. as one eastern student described it, look, i don't think anything like that is helpful. one person walked up to a table by cupcake and realize that this was an affirmative action bake sale. that was a great illustration of the problems with affirmative action. the only thing i've ever seen coming from putting on events like that is decisiveness and lack of communication. others concur saying such an event would be unsuitable for the sensibility of a campus and even though they're also ideologically anti affirmative action. instead of provoking the prefer to use what we call civilized discourse where they come to it engage in discussions, argue about ideas, but with the date back to by

boeing, procter & gamble are among the other joining's wednesdays earnings.have more big names on thursday, including amazon, microsoft, verizon, starbucks, and caterpillar. general motors first-quarter earnings per share probably fell by more than half, according to a bloomberg survey. as it takes 1.3 billion in charges for recall related costs. on friday, it will be russia's turn under the looking glass. the s&p is scheduled to report a sovereign rating for the country. the rating company put the from stableutlook to negative. we will have more on the weeks news and earnings for you right here on bloomberg television. the latest on the situation in ukraine and the other stories making headlines. at least three people died in clashes in eastern ukraine. keep says moscow is exploiting the violence. the victims were shot at a roadblock. the russian foreign minister blamed ukrainian nationalists for the violence. seven ukrainian naval vessels have arrived. they were handed over as part of the ongoing negotiations between moscow and kiev. the robot summer rain s

channel that google initially funded through its previous channels that we continue to expand and procter as well. >> john is joining me with more and you are literally everywhere. you are in l.a., the facebook event in san francisco, our producers like ben silverman in tending to see their programs on a platform like facebook? facebook brings its partners, one of the earliest partners was netflix. reed hastings and mark zuckerberg are very tight and they have seen themselves as being displaced or you can talk about shows, learn about shows, share information with your friends. app developerse here work on things like movies or tv type content that people will discover on facebook. facebook itself getting into the movie or tv business, i don't know that that's going to happen or if they will sort of put out signs that says facebook studios open for business. they want to be the place that shares all of this stuff. everybody directly or indirectly is in the business of getting eyeballs and seeing all this digital content. >> thank you so much, jon erlichman joining us from san francisco an

they will make look like they want to buy -- there's a lot of demand out there for the shares in procter & gamble. but they're able to move so fast that the minute anybody, any personal like him is trying to act on it, it's gone. the information is meaningless. so it's -- that in itself a problem between traders in some way. it's a act of deception, short-term traders trying to deceive each other about what the market really is. but the bigger problem is spawned by this is that the exchanges, to enable that kind of activity, have to make the exchange itself a software incredibly complicated, and to satisfy the needs of high-frequency traders in all the tactics they want to deploy and fool people into thinking the marketes one thing rather than another. they create instability in the system and this is why -- i don't mean to expand on this too much -- one one of the things interesting about the story is one big wall street bank, goldman sachs, when presented with the story that brad, the main character of the story, has to tell, and a choice, an exchange that is simple and fair and design

jul procter talking about a son a gorgeous day out there. but i think will squeeze out some '80s. it looks like most locations will drop in temperatures. and it will see mostly sunny skies of the bay. called up cover up about three we have widespread clouds with visibility it pretty bad and the north ave. santa rosa only seen about a half a mile. about 3 mi. live in the house in annapolis. keep that in mind. of that cloud cover will bring as we head into the after know it will see some sunshine. right now temperatures man in the forties and fifties. take a look at lappets of futurecast 4. by 9:00 looks like most locations are in the '50s. by 3:00 mostly '70s around the bay. and by later on this eve of the looks like temperatures get back down into the 50s. breaking down their afternoon highs for today. mountain view did have 75380 degrees in los gatos. i think was the low 80s for places like pittsburgh. 77 year high in fairfield and your boss when sunny skies. walnut creek flooded with '60s and '70s. to the north a week ago, plenty of mid- 70s here. downtown san francisco pretty m

procter and out with its results. growth to be about 1%.s something the ceo talked about. there's more importance on productivity improvement, and that means cost-cutting. in terms of the numbers, core eps was 104. that be the concern since. >> not a busy earning day. stay tuned to bloomberg television and radio this afternoon. apple and facebook with the important technology earnings. right now, we go to food. i have given him way too much money. wonderful to have you here. we're going to talk food. of food rightne now. it is a time of angst? you talked about fashion looking good, eating healthy. we are in the organic industry. you look at that segment, there is a lot of excitement in that segment today. numbers came out yesterday, growing to 12.5%. the consumer will spend on higher quality products. >> where did coconut water come from? did you invent this? we invented a lot of those things. organic baby food, juice. >> gerber is not good enough. one hour is going to be big shameless plug. will spend for higher quality, but when they lose

procter and gamble is looking to shake up the shaving market today.ng it the dice and razor. i hear the dice and razor and i think about a vacuum cleaner going over someone's face. >> fair enough, to be fair they are calling -- we are calling it that, because it has a ball bearing with some kind of technology gliding over the face. could have a face vacuum. that could be your invention. we will give you credit for that, alix steel. appropriately it will sell for between 1150 and 1260. what is so revolutionary about this is they are not just adding another blade, the recent trend in laser technology. it will give you a good shape, but they are looking at the architecture itself and trying to improve on that, doing it with the launch in about 40 minutes with omar epps. they have got some hot indie band playing in a nightclub. this market? i'm sure one of the issues is that you cannot clothe the market once you reach all the men who are shaving. >> not only that, we have seen a decline in demand for razors. grooming is about 10% of their revenue but 16%

boeing, procter & gamble, facebook and zynga. >> we are at the mobile point.know you a fixed income guy but you do look at earnings. what does your shop say about revenue strength with american corporations? >> a big part of that is margins and whether or not companies will be able to maintain margins in this environment. >> will they? >> margins have been supported by falling interest rates and falling tax rates. >> and falling costs. >> and falling costs. it is a more challenging outlook going forward. the growth from the stock side in terms of what we expect for prices has to come from earnings growth from the top line. that gets you back to revenue -- >> better economy, better revenue. >> you wonder to what extent consumer spending waits for things to pick up. >> netflix raises prices. i wonder who else over the next six months will be able to raise prices were not. >> i don't know if facebook -- i'm fascinated by what facebook reports. >> coming up, our agenda. the supremeg to court. oral arguments begin today. what does it mean for the future of televisi

advertising side of this equation has not migrated away years -- because big advertisers like ge and proctering at a nielsen rating while all of us are streaming on the ipad. >> where is the debate right now? matter,the crux of the the ad revenue has not caught up, you were talking about this on "bloomberg west." >> this is when the advertisers get together and say, this is fine, thank you, traditional tv. netflix does not share its numbers of people watching a show because they don't care about advertisements. >> and what about "game of thrones," they almost want that theft. >> it is easier to access this through hbo go as opposed to tuning in or watching -- they are encouraging the use of this and around the world. >> really and. jon erlichman. west" at 6:00 p.m. p.m., that is twice a day we get jon erlichman. >> and that is twice per day we get tom keene, on tv and radio. here we have the data check, because you want to know. s&p futures are up by three, and the bonds and euro and oil are all kind of flattish. "bloomberg surveillance." >> good morning, "bloomberg worldwide, on apple tv, b

mars is buying petfood brands from procter & gamble. they already own whiskers cat food.y diseases threatening the global supply of bananas according to the united nations. the fungus has spread from bananas in southeast asia to the middle east and africa. it has destroyed tens of thousands of acres of banana crops. sony pictures is close to a deal to acquire the rights to michael "/boysnew best seller, -- "flash boys." i don't know. can you make -- i know the topic is interesting. the title is. a movie about high-frequency trading? it out.ut geeking i am not sure how that will work. >> we have to talk about recalls. you have heard about the general motors recalls. they are not the only one dealing with a major recall. today it is toyota. than 6 million vehicles around the world to fix a series of problems. matt miller is here with more. to make some distinctions between what gm is dealing with and what toyota is dealing with. >> there are similarities, but i would like to point out that even though it is one of the biggest recalls, it is not close to the biggest recall.

a procter & gamble or budweiser whatever, there are is some young upstart mba that is going andead inventct whether those conversations in those meetings about in 2014? >> the conversations are really about value, convenient value. value doesn't mean cheap. it means make my life better. when you take new products like k-cups are antiaging products. teeth whitening. a lot of different mop -- products have come to the market. they drive convenience. it is convenience relative to value. in the congress -- the conversations are really about what i do not to just get my innovation on the market, but what do i do to sustain them. we see a lot of products dying in the second year because there's not good support. >> ask about budweiser limearita. >> what is it you're looking for . you talk about convenience with coffee. what is that thing where the company goes, larry just nailed it. what are you looking for? >> we are really looking for an model ision of a lunch going to fall in line with a forecasting model. what we have seen so often is products fail because i have a lunch model that says i'm

unilever and procter & gamble are providing packets of material that allow us to purify water in placesike burma. they are donating those, but also helping us reach hard-to-reach communities where too many children die just because the water is impure and has micro organism's in it. these public-private partnerships, coupled with a real professional science and technology capacity, will allow usaid and u.s. development efforts around the world to have a darpa-like capability to create new technologies, deploy them on behalf of the world's poorest people, and allow young people who want to create entrepreneurial businesses, whether it is making and selling solar powered flashlights in parts of rural africa where there is no energy access, or commercializing the cpap positive airway pressure device, which they now do for $20 or $30 a device, we find a lot of young people are inspired by the opportunity to become inventors and entrepreneurs and use the business savvy and skill to solve the world's most challenging problems. >> you are leveraging the strength of america in science and techn

when we go through their earnings statements, a company operating there -- we know that colgate, proctere, those are big companies with operations there. other companies, like brink, for example, that you don't normally think of, how are they affected by this? >> the thing with a company like that, it has been an interesting short for some hedge funds. they have been booking these inflated profits at 6.3 per dollar when, in reality, they cannot access that rate. what they are doing now is adopting the 50 rate, which slashes their profits it actually creates a huge loss or their overall earnings. >> but does it matter? your money outng of venezuela anyway. look at a company like herbalife, which has had such a big presence in latin america, specifically venezuela, one of the complaints and concerns is that how all those money that they just can't get out. >> it is a big concern for a lot of companies. they might as well just write it down to zero. >> what does this tell you about venezuela and its future? the idea that they have all of >> itdifferent rates? shows all the distortions that

walmart joined the lab and they are working with us to reach farmers in africa and procter and gamble joined in giving us packet that allow us to filter patter in burma. and they are donating that to help countries where too many children die from too many organisms in their water. this will allow u.s. aid to have a technology we can employ and allow young people that want to create businesses on their own whether it is making and selling solar power flashlights in parts of rural africa where there is no energy access or commercializing this positive airway device which they do for $20-$30 a device and we are deployi deploying. to use that business savvy and skill to actually solve some of the world's most challenging problems is exciting >> you are leverage the strength of america in our science and technology and what we have been able to discover and share with the world as well as our private companies. leverages these -- these are american values and where are the challenges and where congress? >> we have requested new authorities from congress to help us be more flexible in how

millions of dollars a year helping conservative students learn to be activists in what were calling the procter style meanwhile an event like the big sale is considered -- not so much by administrators and faculty who don't like them, but more so by conservative students themselves. at this private university conservative undergraduates to announce confrontational actions just for the sake of pushing the buttons. as one eastern student described it, look, i don't think anything like that is helpful. one person walked up to a table by cupcake and realize that this was an affirmative action bake sale. that was a great illustration of the problems with affirmative action. the only thing i've ever seen coming from putting on events like that is decisiveness and lack of communication. others concur saying such an event would be unsuitable for the sensibility of a campus and even though they're also ideologically anti affirmative action. instead of provoking the prefer to use what we call civilized discourse where they come to it engage in discussions, argue about ideas, but with the date back to by

. << the giants at beautiful park has been tracking avoid being swept by the procter.tes of the skin but they beat the padres 43. the giants also scored one run in each of the free games. sergio romano has the fifth save. << crystals are about the game on saturday it amazing of set in the first- ever the playoffs for the warriors' klay thompson with 22 points. the l.a. clippers 19215 take it all of the serious. go to west andkron 4.com show your pictures by up loading them to our page. if you missed or saliva adjacent applebaum legislate where he was quite a show set the look. << you could watch the fourth time writer here onkron every sunday after the crime 4 news at 8. here onkron every sunday after the crime 4 news at 8. << i ink want enchoast rfectimi. u cabuilyourwn. rit no i ink wth sawbeies mi withoh, , wa, banas.st rfectimi. ooh,nd gzed cans oa, get choe mywn sce? lievwhatou d't kw[bl ris] [pw ke wfor insud drers? t corage [rot] oh. k[pf. bke] lk tfarms t corage d gesmarr abt yo surae. ♪e arfarms bu- pa dum m - m - m - m♪ d gesmarr abt yo surae. thank you! than

and it's another big day for quarterly results, including dow chemical, procter & gamble, boeing andd factory activity slows in china and this is the fourth straight month that that has happened. it's wednesday, april 23rd, 2014. "squawk box" begins right now. >>> good morning, everybody. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen. andrew is off this week. we have another big show this morning with a huge newsmaker coming our way at 7:30 a.m. eastern time. bill ackman will be our special guest. he's making waves as he teams up with valeant in a bid for allergan. we'll talk about this more coming up, including comments from carl icahn. he was on the opposite side on herbalife. there's a lot of enimity. >> at one point he said i have nothing at bill ackman. he made me $400 million. i like him. >> there's been a lot of bad blood there. >> he was saying in a way he took advantage of