shares of procter & gamble have been lagging the market, as we said. the stock is down 15% this year while the dow jones industrial average is flat. >>> still ahead, america's truck. how concerned should drivers be about the result of the new f-150 crash test? >>> the senate voting to pass a short-term funding fix to avoid the peak construction season keeping the highway trust fund running for another three months preventing a halt to end road and bridge work that would have happened at midnight tomorrow. the 91-4 vote sends the measure to president obama's desk. >>> and the obama administration wants the supreme court to hear a case that challenges the legal definition of insider trading. last year a federal court overturned two insider trading convictions and set a higher standard for proving the crime. the ruling could hurt market participants and wants the supreme court to take a second look. >>> perhaps surprisingly more homeowners in this growing economy are still drowning in debt. this, despite a rise in home prices and that improving economy, a

lafley chairman and ceo of procter & gamble.end it back to you, melissa. >> our thanks to you, david faber, with that "first on cnbc" interview with the outgoing ceo of procter & gamble. let's get down to brass tacks, though. when you take a look at this stock compared toyotas peers, colgate, clorox kimberly clark, year to date as well as the past 12 months this has been an underperformer. dan, you actually own this shockley to me you own p & g. >> i own puts in p & g. >> that's something else. >> they report thursday morning before the opening. and here's my take. david said it. they still have 60% revenue exposure overseas. a ton of emerging market exposure. and now this piece of news puts uncertainty into it. it's going to take a while for them to turn it on. i think it makes a new low below 78 in the coming days. >> we want to check out some big social movers that we are following. twitter hovering near afterhours session lows. yelp getting crushed in the after hours. after the report. coming up we hear straight from twitter

procter & gamble selling its beauty brands to coty.deal has been talked about for a week or so. i want to look at what's going on with the treasury market today. we've had some selling of treasuries, yields going back up. 2.3%. when we saw utilities down, that seems to be the primary culprit. i want to look at the vic's as stocks, it's paring its earlier moves, now down 4.4% in trading at nearly 19 for the volatility index. matt: pimco is the firm that point the term "the new normal." s there an even newer normal today? you need to look at china in a broader context. the chinese economy is much larger. they still have spillover impacts to the rest of asia and the global markets as well. we are watching china very closely. is bettyning me now liu. what an interesting conversation. betty: it was. the first time he has appeared on bloomberg television as the ceo of pimco. what he was expressing is what a lot of ceos around the country are expressing. they are watching china closely, watching greece, they hope there is a resolution. they a

did you do one about procter & gamble? >> that's a good question. >> becky did. >> i did.e right. >> i didn't think i was totally crazy. somebody mentioned it this morning. >> we look alake. we have the same hair. >> you get us mixed up. >> it's confusing. >> very confusing. >> in this world, there's no gender. i'm totally gender blind at all times. that could easily happen, andrew. could easily happen. with the futures, you know if you look at -- now i look at futures on my stupid smartphone. >> this morning, dow futures were down by 32 points. >> the futures can be down. the futures were still down just now, down 2 but fair value -- >> i heard it on the radio this morning. >> that's what i mean. futures can be down. the fair value is down 40. >> right. >> implied opening that final -- >> someone to do the math for you. >> we'll talk all about facebook. took it's really weird. it falls. there was a lot of stuff on huffington post and the twitter feed that says another nail in the coffin for facebook haters. that was on the left wing stuff. on drudge this morning, this i f

and some of them on my radar are procter & gamble. consumer staple obviously and maybe some industrials. >> up next crude fell 5% this week and that sent shares of one energy giant to an all-time high. plus big tech on deck. our traders give you the one name they see surging next week on earnings. you will not believe what it is. and later, the one dow stock that's most susceptible to the global chaos. we'll tell you what that is and how you can profit. a small busis expert from at&t? yeah, give me a problem and i've got the solution. well, we have 30 years of customer records. our cloud can keep them safe and accessible anywhere. my drivers don't have time to fill out forms. tablets. keep them all digital. we're looking to double our deliveries. our fleet apps will find the fastest route. oh, and your boysenberyy apple scones smell about done. ahh, you're good. i like to bake. with at&t get up to $400 dollars in total savings on tools to manage your business. >>> sometime overnight. right now alex tsipras is address the greek parliam

dupont, merck, procter & gamble, pfizer, a lot to digest overall in these earnings. facebook and twitter. we have heard of apple,, yahoo!. we'll bring it in and see them on the news to the upside embraced the trend a little bit. dagen: and economic news, what do you expect? nicole: let's kick it off on monday. durable goods and that will be kicking it off today. a two-day meeting starts on tuesday, goes into wednesday and you have case shiller home price is and also consumer confidence. housing back and forth with the housing market overall. thursday second-quarter gdp will be so very key. estimates for an increase of 2.6% which would be a sharp rebound from the decline we saw from the first quarter. everybody keeps a keen eye on gdp. we saw that fall to seven days in consumer sentiment on friday. see how you really feel it and get a feel of that. china with a strong dollar, commodity selling the way they've been. rocky tech earnings. oil moving lower, pulled a 5.5 years lows. dagen: you can see it in the global market. nicole: yeah, shanghai down 8.5. dagen: nicole

about procter & gamble and shampoo.hey have chosen their future leader. david tailer is going to take over. laughly will continue on as the executive chairman of the chairman. last night i spoke with the current ceo. i asked if we should expect to see more divestitures under the new leadership. >> is that transformation which has included as many as 93 brands and a lot of the revenue that goes with it is that transformation completed? >> in capitalism the transformation is never done but as john muller and i have said several times, this is 95 to 100% done for the foreseeable future. as you pointed out, we have moved to a company of ten focussed core businesses. these are businesses that we understand. these are businesses where i think in seven out of ten cases we are currently the worldwide leader with a lot of up side so we have a much simpler, such easier to operate, such more strategic business going forward. >> of course you can see some of the brands right there. there are still companies reporting earnings on th

cody will buy three procter & gamble beauty brands for 12.5 billion, transforming it into one of theiggest cosmetic companies in the world. apple was in focus, down for a fifth day, posting its first consecutive 2% decline since 2012. two weeks before earnings, a lot of investors concerned that, with the chinese selloffs, people will not have money for expensive gadgets. angie: su keenan, thanks. costredgeng in russ in san francisco. areooks like u.s. investors looking at china etf's and thinking the bleeding has stopped. has it? up veryhe market ran fast. it more than doubled from lowe's last summer. no one will know where it will bottom out. tradingshares are still at a 40% premium to the five-year average. valuations were double than last summer. given the magnitude of the run-up, it is possible that after the correction, we have not gotten something approaching fair value yet. angie: all right. you reduced your overweight on chinese stocks to neutral ahead of the amount don't -- meltdown. is it the time to get back in and pick up some bargains? guest: you need to be selective. fi

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

they have agreed to by 43 brands from procter & gamble, covering max factor and cover girl. the transaction is valued at $15 billion. it makes coty into one of the biggest cosmetic companies. and a development bank will make its first loan in 2016. it was launched in the russian city on thursday. the meeting brought together the leaders of brazil, south africa and china and is seen as the clearest initiative yet on the five emerging economies forging closer ties. the new bank would have a starting capital of $50 billion. rom pacifica, this is democracy now! >> the offers for human rights say they're deeply concerned about the worsening humanitarian and human rights situation in yemen were civilians continue to bear the brunt of the conflict. the office now says a total number of siblings reportedly killed and injured since 27th of march is 1528 and 3605 injured.

recently, some manufacturers, including procter & gamblemaker of tide pods sun corps, maker of almightyand cotton washmaker of drops now says they plan to coat their laundry packs in a bitter tasting substance procter & gamble says it will increase the strength of the pods to make it harder for them to break open and release the highly concentrated detergent. >> we applaud these changes, ngful decrease in the number of injury, we are not recommending liquid laundry pods and we strongly urge households with children under 6 years old to avoid them. >> the american cleaning institute issued a statement saying aci takes every incident of accidental exposure with cleaning products seriously and remains to committed to keeping kids safe with a strong reminder all household cleaning products should be kept out of reach of children. >>> we have got much more on this story and more comment on our nbcwashington.com. search laundry pods. >>> the pentagon took a step toward accepting transgender service members. >> it sure did but, but we talked to the one woman who transitioned and said the milit

procter & gamble for example, gets 65% of its business outside the u.s. they'll be reporting thursday. other multi-nationals that have already reported have noticed a significant impact on the strong dollar. the two internet companies say exxon mobil and chevron will be reporting at the end of next week. chevron's earnings will probably be down 55%, but estimates have been coming up a bit for them and they'll be scrutinized for any indication of when the oil slide will stop. it's not so much the earnings it's the guidance for the third quarter that really matters. earnings growth is expected to be positive in the second half of the year. but the expectations for the third quarter are now also expected to be down. that's a problem. that's one reason the markets had so much trouble this week. what's the problem? you've heard about it slow growth in china, slow growth in latin america, but also the dollar strength and weak oil has continued into the third quarter. the fed told us a strong dollar and weak oil might be transitory. that hasn't been the case. th

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

breaking news report on procter & gamble.on in the newsroom. >> dow jones reporting that david taylor will be named ceo of the company as early as thursday. this according to dow jones. he will succeed taylor lafley. taylor is the president of beauty grooming and health care for the consumer giant's company. and a.j.laffley of course this is his second tour as ceo having come out of retirement two years ago to lead the company through a transition. but again, dow jones reporting that david taylor will be appointed ceo as early as thursday of this week. back to you, sara. >> thank you very much. mary thompson on p & g ahead of those earnings. it doesn't come as a big surprise if you follow p & g because david taylor a few months ago was promoted to oversee about half of total business at this company and everyone's been waiting for a.g. to make his exit. >> and i think then they're waiting for what spinoffs are you going to see? this is the catalyst for this name. and i think procter & gam sbl a stock you want to own. there's

procter & gamble accepting an billion.2.5 t-mobile u.s. has gains to put one million customers last quarter. it now has 58.9 million users, are anew phone users number closely watched. t-mobile shares have gained nearly 50% this year and we will ceo at with the t-mobile 12:00 p.m. eastern time. scarlet: we have plenty to tell you about in the next hour of bloomberg market day. shares of pepsi on the rise. cost cuts and rising snack sales. is here and herd cut his forecast. we will try to get him to reconcile everything. and she is one of the most american important -- most important american authors, harper lee. her second book comes out monday. we take a look at how it came to be. matt: first, time to crunch the numbers. alexis tsipras has until midnight to submit any plan for another bailout. if creditors accept this, the greg's it could come as soon as this weekend. scarlet: but markets do not seem to disturbed. calmly is one of the bulls out lee is one of the bulls out there. what is your read ? we are going to be in a. of volatility.

procter & gamble has accepted an offer to merge 40 of its beauty brands with coty.e set they gained 2.1 million customers less quarter. >> every single quarter, we are at a one million, 2 million customers. it is semi-irrelevant. 60 at this point, we have million customers. i'm pretty sure we are bigger than sprint. betty: the shareholders are pretty happy. has the time for apple smart watches come and gone? retail sales are down 90% since they were introduced in april. most of those sold are the moat -- are the lower profit style. apple has not released any figures and is not commenting on this decline. today, i spoke to tom wilson, chairman and ceo of allstate. he talked about what he thinks about the mergers going on in the insurance world. mergerson: the ace-chub makes sense to me. they do enough of the same things where there is some cost savings. they are complementary enough so they should be able to leverage their complementary skills. -- the inch shirts insurance space, it has many neighborhoods in it. you have health insurers. the precipitating event in th

procter & gamble could have a change at the top. ag lashley may retire as ceo this week.ylor. he interrupted his retirement two years ago to lead the turnaround at png. and there might not be a new female ceo at procter & gamble, but there is a female coach in the nfl. she is joining the arizona staff and will coach the inside linebackers during the cardinals training camp during the preseason. she played running back in the football league. she was the first woman other than a kicker to play in a men's pro league. wow. look at the guns on this woman. she played in the pro league not the lingerie league i recently learned about. matt: how did you learn about that? stephanie: accidentally. they say no risk and no reward. the investment that has generated 250% per year for 12 years. where you find that kind of return? a den in time. stay with us. matt: coming up, ford motor's cfo bob shanks will discuss company earnings. that is definitely something you do not want to miss. ♪ matt: because we are bloomberg we want to give you numbers. 40 is how old alex rodriguez turned yes

there's likely to be a changing of the guard at procter & gamble.loomberg news reports png -- that he may announce his retirement this week. he has served two terms as ceo. more than 1000 experts in science and technology are warning that kill the could threaten humanity. a leader from the future of light institute says homicidal machines like hollywood's "terminator" could become very real. among those signing the letters, stephen hawking, elon musk, and steve wozniak. [brendan yawns] brendan: are you going to do that to me vonnie? we have to turn from killer robots to pharma. exit celebrex, enter e brands. pfizer reports at 7:00 this morning. merck does, too. we are not going to talk about killer robots. we are going to talk about looking at pfizer. are we looking at allergan, what is left of that business? does pfizer want botox? >> that is a very interesting idea but i think for pfizer the bigger priority is getting more r&d and deeper in the pipeline more along the development stage. pfizer is preparing to potentially split the company in two.

procter & gamble has accepted an offer to merge 40 beauty brands with coty.can express is making it easier to leave home without it. it is offering an online wallet. you just use your account password and the checkout system fills in all of the billing information, down to the billing address. that is a look at the top stories this thursday. greece and china's problems may be a problem for the whole world. the imf today cutting its global growth forecast for 2015 from 3.3% to three point -- from 3.5% to 3.3%. much of the downgrade was driven by the u.s. earlier, tom keene spoke with olivier blanchard and asked how the collapse and commodities will change his economic outlook. : the commodity prices are important. what i was struck by was i at oil price for america. revisedr, we have growth down. just having an effect not in america but also to other commodity producers. in the early 2000's, in which commodity prices were always going up, financial conditions were verio loose and they were public -- were very loose and they were able to produce more. now how d

procter & gamble shares falling the most in almost two years after the company forecast sluggish salesowth. this did come in higher than estimates. they have been cutting costs and selling divisions like beep food and cosmetics business. the company has announced that you will be stepping down in november. he was supposed to be an interim ceo. fiat chrysler reporting a jump in second-quarter profit. adjusted its forecast. the ferrari supercar division is being spun off to finance the jeep, alfa romeo and maserati brands. living in the san francisco bay area is not cheap. it's the most expensive housing market in the u.s., but some people would do almost anything to live there, including living in a shipping container. that is what one wharton graduate is doing and hopefully making a business out of. mark crumpton joins me. would you live in a shipping container area to live in the bay area? mark: there is a colleague in the bloomberg terminal about this. -- his namen's name is luke and he's figured out how to afford the san francisco bay area. he lives in a shipping container. scarlet:

big action in the beauty business, procter & gamble has accepted an offer to merge 43 of its beauty businessesh coty. it includes cosmetics and fragrances such as max factor. pepsico is reporting earnings that exceeded analyst estimates. a stronger dollar is cutting into profits. pepsico says exchange rates will reduce earnings by 11% this year. yahoo! is rolling out a new fantasy sports service designed for mobile devices. the move steps up competitions with such companies as draft kings and fanned dual. fantasy create basketball, baseball, football, and will compete for weekly and daily cash prizes. yahoo! is hoping to increase its revenue. group says 56 million people in north america play fantasy sports. scarlet: we are going to stay on sports later on to talk about the bidding war that broke out between the l.a. clippers and the dallas mavericks. --m: steve palmer versus scarlet: cuban versus balmer. ofrifecta of community -- computer glitches yesterday. one new calmer drove up in a shiny white tesla sedan, guess who? elon musk making his first appearance at the summer camp for moguls. ol

it is bigger than walmart and procter & gamble and both of those companies took decades to get to thatcap. angie: investors think facebook can sustain itself. how do they think the $250 billion market cap is going to be sustained? what are they buying into? >> it is mainly advertising, but also this progressive and aggressive strategy that mark zuckerberg and sheryl sandberg have taken on, and that is really to own the social media space. they have bought a number of apps. them, yout to be on have to have a facebook account. a lot of those online dating apps. they are basically trying to own every major competitor apart from twitter in that space. the other thing they are doing, a lot of that mobile advertising. when i was moving from hong kong , i researched stories on google. when you look on your facebook feed, all you get is ads for that specific. 46% in the first quarter, well above analyst expectations. is other thing they had done they had a $2 billion purchase the virtualhich is reality headset maker. they are moving into that space as well and looking to expand the internet in

there is likely to be a changing of the guard at procter & gamble soon.ey may retire as ceo this week. it will clear the way for david taylor to take over. he interrupted his retirement in 2013 to lead a turnaround. bp is reporting its lowest clearly profit in at least 10 years. the slumping price of oil is not the only reason. the british energy company says it was hurt by the end of the trading boom and a $600 million write-down caused by the fighting in libya. though he died nearly 35 years ago, the writing of dr. seuss and doors. a book by the beloved children's author is in stores today and it's called "what pet should i get?" it was saved by his widow. hour, we next half will look at the privacy concerns raised by facebook use of facial recognition tools. the software remembers what you look like see you can be tagged and other photos across the service to what about your privacy? we will look at how david einhorn is being punished for asing the wrong call on gold it dropped more than 7% this year. late last week, the federal communications committe

by the way, market cap is in the top 10 in the s&p 500, bigger than procter & gamble close to 100 bucksainly betting to do one is going to the upside. lauren: is all about vocal. they've outperformed their advertising revenues. but it is to the way youtube as it it certainly would be a home run. sandra: by the way by the they come in a sock in the premarket session is higher. new york city mayor bill deblasio calling on president obama and congress to rescue puerto rico and urge them to fall. washington needs to get involved. >> let's be clear, it is the federal government's obligation to act because they can't stand idly by as much puerto rico failed, especially because of circumstances so much to do with decisions previously made by the federal government. sandra: deblasio and others: congress to pass legislation to grant puerto rico chapter nine bankruptcy option and impose austerity. the council speaker has characterized the hedge funds to hold much of the commonwealth that has soldiers beating up the mr. puerto rico because the funds what cuts and pork or radio spending including p

even iconic businesses like apple or procter & gamble have felt this pressure. we need a new generation of committed long-term investors to provide a counterweight to the hit and run activists. some institutional investors already are beginning to push back. andeed more pension funds proxy advisory firms to do so as well. controlional investors 70% of the shares in the largest 1000 u.s. companies. they have unmatched influence and therefore an unmatched obligation to guide companies toward strategies and metrics focused on long-term value. there are things government should do as well. as president, i would order a full review of regulations on shareholder activism, some of which have not been re-examined in decades, let alone modernized to reflect changing realities in our economy. we also have to take a hard look at stock buybacks. investors and regulators alike need more information about these transactions here to capital markets work best when information is probably an widely available to all -- promptly and widely available to all. requirevanced economies

likely going to be a change at the top of procter & gamble.ive his retirement this week. that would set the stage for the heir apparent, david taylor, to take over. ,astly -- he has served interrupting his retirement to lead a turnaround. a prison worker pleaded guilty murderous estate last month or joyce mitchell admitted giving inmates tools to break out of jail. mitchell agreed to be their getaway driver, but then changed her mind. the prisoners were shot and killed -- one prisoner was shot and killed three weeks after escape. the other was recaptured. those are your top stories. the markets are closing in europe. let's go to london for the latest. >> after the worst five-they drop this year, we are seeing a bit of relief for european stocks, a rally across the region. leading in italy is gains after seeing losses yesterday. optimism has been driven by deal activity and corporate earnings. i will show you what i mean, bringing up some stocks we have been watching today, starting with some of the biggest gainers on the stoxx 600. rsa insuran

procter & gamble projecting sluggish growth this year.ales will be little changed or up in a low single biggest -- digit percentage. facebook, the outlook for growth which is responsible for the drop. and mckesson, all the earnings looked strong the company indicated that generic rise increases are moderating. then of course on the upside because we have a lot of earnings winners today. in terms of those lifting the s&p 500 the most, we mondelez.ately -- western digital saying eggs might be improving and air products and chemicals have never stronger than estimates. take a look at my bloomberg terminal. we have the ea function, earnings analysis. growth --en sales negative sales growth. sales of fallen 1% as earnings are up by about 18%. energy not a big surprise is the worst performing sector. olivia: not a big surprise. julie: it is been that way for a while. olivia: here is what happened in asia. the shanghai composite closing down about 2.2% out yesterday's rally. hang seng falling by 1% in korea stock 1%.ange down also by about samsu

procter & gamble and the names they've reported quarterly numbers. six straight quarterly losses and sales. strong dollar was one of the reasons that went into that category as well. down 1.2%. sketchers, who knew. 14% up 164% this year better than expected quarterly numbers and went stay right here on fox business at 5:00 a.m. the one on the right just used 1% less fuel than the one on the left. now, to an airline a 1% difference could save enough fuel to power hundreds of flights around the world. hey, look at that. pyramids. so you see, two things that are exactly the same have never been more different. ge software. get connected. get insights. get optimized. stuart: well, look it under armour go. it is that 10% in the last week. a touch 99. please remember they sponsored the great golfer jordan speed. mia farrow took to twitter yesterday to share the address of the controversial lion hunter arnold palmer -- walter palmer. facing a barrage of negative treats because what she put out there. some call her to be banned from twitter entirely. she did

procter and gamble gets 65% of its business outside the united states.ponents exxonmobil and chevron report the end of the weekend. chevron earnings will be down about 55%. estimates have been coming up for them. they will be scrutinized for any indication when the oil slide may stop. it's not the earnings it's the guidance for third quarter that matters. the guidance for q-3 is coming down. the problem we know about slow growth in china and latin america is an issue, strong dollar and weak oil has continued into the third quarter. what happened? the fed told us strong dollar and weak oil would be transitory. the bottom line is growth is very elusive this year. we can't find it particularly overseas. watch the market leaders next week. the banks are holding up fine. today is one of the worst days in a long time on the biogen disappointment down 4% in the major etf. energy lost. materials lost. industrials slipped big time this week. we need financials to hold. we need tech to hold and health care to hold up. if they start falling apart, everything will f

strong gains across consumer staples names like coke procter and gamble. strong session for the s&p 500 up about 0.6%. 12 points 2081. nasdaq was in the red but did manage to close the other two. joining us we have michael santoli, kevin o'leary, welcome both. and we have "fast money" trader guy adami. guy, why this late day reversal? >> technicals held up. yes we breached it today. we tested levels when you came on sunday night during your show from 8:00 to 9:00 we tested the levels that the market troughed sunday night. we reversed from there and are off to the races. once again, market rejects a sell-off. technicals matter. sellers got spooked. you mentioned reversal in oil. that was huge as well. >> you had so many individual stocks oversold the s&p didn't capture the damage done in prior weeks. you see the reversal in energy stocks and the rest of it. it seemed it was poised. also if greek didn't hurt us the first two days if we didn't break, the instinct is to say with earnings coming maybe that's as much damage as that immediate headline risk will h

. >> finally, we shut hit procter & gamble.ed about it of course, yesterday, after the announced change in leadership which will take place november 1st. david tailor taking over as ceo. a.j. lafley will remain as executive chairman. the stock down over 3% as they reported numbers on the call. lafley saying they had a challenging year due to unprecedented effects impact. stronger dollar. changing in grooming fashions and habits. i guess that also has to do with beards. growth of online competitors. >> i mentioned twitter. a mistake. >> it comes off to a very good start. i spoke to lafley on tuesday. this is what he had to say overall about the strategy of the company he has been focused on over the last two years and getting leaner. >> are we leaner? yes, we are leaner. are we more productive? yes, we are more productive. are we more innovative? >> i believe you are beginning to see innovative new products coming in business category after business category. you will see more which i'm not going to talk about today for obvious

companies like 3m procter & gamble johnson & johnson, long history of dividend raises but other than high yields and dividend boosts how do you emphasize it? it's not that easy. you to think safety first. high yields are attractive but a very high yield could be a signal but the dividend is unsustainable and will have to be cut. you'll see me throw the red flag around here and that takes away a rigorous safety inspection. if it seems endangered no. it ain't worth it people you have to stay away. consider these bond funds, monster yielders 10 or 11% that were based on strategies that involve buying bonds with borrowed money. >> when rates jump these were crushed. don't take the bait. there was nothing accidental. the yield was a huge red flag sending a signal that the payout would be reduced in a short period of time. not worth risking. don't risk holding on that to capture a juicy dividend. we saw that happen a couple of years ago. so given that i am buyiased against the high yielders. we look at the earnings per share. my rule of thumb is if a company has earnings greater than twice

procter & gamble sliding, and facebook is dropping.d news after a harsh winter, the economy posted a solid rebound. fantastic. no real stellar number. the 4th quarter figure was revised from a quarter of a percent decline. .6 percent increase. back with bill gross on how you should be thinking about the fed and your investments after this >> breaking news, hillary clinton wrapping up. as she was exiting the state she addressed the question about planned parenthood and said she thinks it is regrettable. it is a shame they are making such a big deal out of this. i want to get back to the markets and bill gross. you were making the point that the fed has contributed to distortion in the marketplace. looking at a knew asset bubble. >> i would not go that far. sixteen, 17 times. i think -- in some particular sectors, and as i mentioned in china certainly they have a bubble because interest rates are close to 0 percent. in one other bubble, the strength of the us dollar. that has gone up significantly relative to emerging market companies. l

do you know this was down in the last year where procter & gamble which isn't doing all that well itselfsaw a.6% increase is as its own separate company, j&j,'s consumer business can focus more spending on more brain power on boosting sales and revitalizing plans without having to share rnd dollars with the other two divisions and i think the j&j business will be a takeover target for some of the larger peers who are fantastic with the brand names, splenda, well whatever. not every brand is perfect. finally, what about the j&j,'s laggard medical division, and here they have an orthopedic business and makes stents and catheters and a substantial surgical product segment, even though the medical device business has been shrinking it's still number one or number two by market share in many of the categories where it competes and it wasn't up to snuff. quarter after quarter the sales keep declining although much of the decline came from the diagnostics business and j&j has repeatedly said that it wants to grow the medical device business which means spending a lot of money and money that jum

like procter and gamble, a brand. >> so you would argue that virginia johnson deserved the equal billingot with masters and johnson even though she didn't have a college degree? >> absolutely. her single contribution to my mind is that she played a key role in designing the approach to sex therapy they took. >> then the prevailing sex rate for treating sexual problems may be 15%. they reported an astonishing 80%. the best part, the treatment only took two weeks. >> they taught couples how to touch one another again. literally how to communicate physically. >> playboy's hugh hefner helped bank roll the work. as the national dialogue became more, they informed the conversation. >> you have guessed what masters and johnson call premature ovague. >> the laughter was good natured until the public egg of their book on homosexuality in 1979. >>? people were surprised, and some people disagreeing with already, is that you can convert people who want to be converted from homosexuality to heterosexuality. >> actually, this is true. >> masters was ridiculed. his conversion results questioned. >> do

strong dollar, you don't want to be in the export, it needs to be technology long the exporters, proctere reported this morning. more in the consumer discretionary sector, stocks like home depot's or lowe's or ford or general motors or the big international stocks. a little more telecom, utilities, consumer discretionary stocks, financials away from energy, materials, technology, health care. >> when i look at the uswd, your top hold something apple? >> that being the weak dollar? >> weak dollar. and number seven would be amazon. is there any tenet in the formation of this holding that you look at apple, you look at amazon, as an investor i say wait a second, i like the strategic the weak dollar, but i don't -- apple and amazon looking at where they are on an evaluation basis, how does it go in? how does it go out? >> these are the new fact railroad i, two screens that go into these funds, one is your revenue. the strong dollar is the local economy stocks, 96% of the revenue is u.s.-focused. the weak dollar, your number within screen is more than 40% revenue abroad. those tend to have 60

for nielsen from a business perspective but as we have been informed, they make former money with procter & gamble than the ever thought about making with us. you asked why do they care about us? we allow them to monetize and represent a have listeners from home to cash register. i think they always more than that they are giving us but that could lead us into pitchforks and torches and we have to give john a head start. i'm not here to bash nielsen. i am here to present the truth and the truth is we are outselling numbers that have a band on them that we do not -- or a bracket, plus or minus, that we do not represent. i was a proponent of putting a hover on estimates and i have been saying that repeatedly for a dozen years. put your cursor over a number and get a margin of error. they can build it in. they know they can do this. they do not want to do this. does it bother me? yeah it bothers me. what bothers me is when people are misrepresenting truth. 10 years ago it's a rounding error. now it's our most meaningful expense behind payroll. audiences weren't supposed to be attacked. they

maybe we'll get something like the mini-crash when procter and you hope they don't cancel the trade. we're all kind of seasoned players, and i this i we're all even used to hacks, unfortunately. >> it's yet another reminder, is it not, jim, like it or not, as to where technology has gone in the game of trading stocks every single day. >> yeah, well, look. we're in a totally tech -- things are just moving much faster now. i was talking to aaron levin the other day from bach's. there's disruptive technology and then there are people disrupting technology. and then there are people who are shutting down technology. i think that one of the things that we should be proud of in the country is that it doesn't really matter. yes, there might be a little bit less liquidity, but can you imagine what it would have been like in 1989 when we had this kind of thing? i think people would say, we are under some sort of bizarre, you know, we could mention somebody who we would, you know, lex luther. let's say lex luther because that's nice and neutral. lex luther at work. instead, all right, let's do

it is bigger than walmart and procter and gamble.e it took eight years to get to this valuation. what is so notable is a managed to fight so much turbulence. remember may 17, initially listed at $38. it dipped by half, lost half of market violation within or months. look at the trajectory. $90 per share, record high. the fight was against competitors. looking quite expensive. 87 times earnings. five times the average of the s&p 500. more than the internet index on the nasdaq. far more expensive than its own internet competitors. are we getting worried about potentially the size and scale of facebook? they did in of where the growth will come from. advertising sells is 90%. it keeps getting stronger. we are expecting that level of growth and continue 37% higher in the next quarter. all about mobile. cleverly reoriented themselves and realize they were a bit behind mobile and now mobile front and center. 2/3 of advertising sells. millions of videos consumed on facebook via mobile smartphone, tablet. monetizing. instagram and whatsapp a

this week are joined by emily procter of the washington post.ill be talking about federal dollars used for housing assistance for low-income families and it is the assistance allowed under section eight of the federal housing act. give us the scope of this federal aid to a much money goes towards the programs any given year? guest: they are the housing the doctors that are given to families to choose their only learn, to find their own house. very different from putting family simply housing projects. we spend by $19 billion a year funding this program. it helps about 5 million people, and a little over 2 million households, which is a small number compared to the need. host: if you want to call in during the segment, and you are a housing voucher recipient, we will have a special line or you. we want to hear those stories. we also have lines for democrats, republicans, and independents. how does somebody get on one of these programs? talk about process of somebody were to apply today. guest: all of this comes from the federal government, but go

. >> procter and gamble falls. here on the show yesterday getting lighter than expected guidance. negative competition and publicity are certainly taking its toll. shares down 10%. >> meantime, shares of oracle slightly higher. jeffrey has upgraded that stock. raised the price from 50 to $41. the picture not pretty so far, it's down roughly 11% john, what does it take to make oracle a great stock? >> they missed the last quarter but really looks like they missed it because they ended up getting more business than they anticipated. people talk about the miss but in reality, the quarter wasn't any worse than it's been over the last year and a half. it was an okay quarter. in order to fully push this forward, we're counting on what we expect to be a meaningful product cycle that won't start for six more months. we think they're going to maintain going forward. >> you mentioned there's a race there. almost a scramble, a land rush to get to the cloud that a lot of big companies have been struggling to keep up with the smaller more nimble companies on that. how's oracle doing on that an

and things like the factories procter & gamble is building in nigeria, probably the biggest investmentm the united states in that country. it is an honor to partner with a nigeria under president buhari's exemplary leadership. president buhari has a long and distinguished career. serving and the nigerian were pop at a joint army in 1961. help to several key commands and staff and political appointments and a rose to the rank of general. later, in 1983, he emerged as the head of state and commander in chief. the buhari administration of the 1980's was known for the war against discipline. a policy that aims to a dress a lack of public morality and civic responsibility. he was appointed chairman of the petroleum trust fund because of his incorruptibility and strict discipline. driven by a sense of patriotism and commitment to national service, president buhari reenter politics in 2003. in 2015, he won the presidency. the first time in nigerian history and opposition leader peacefully succeeded an incumbent president. [applause] paul hinks: i would like to end with my favorite quote from