there are smart people at procter a procter & gamble. if you want to throw it away at $68. i'd be a buyer. >> that is a long way from $94. >> don't 25% for a great american people. people are paralyzed and the people are saying i'm taking procter down, and i just look at it and say, maybe procter, a year from now is going to be higher. i look at the oil companies that everyone said were going under a few -- i was, unfortunately, my travel trust owns them. getting nervous. but i look at the oil companies and say some of them are going to do okay if oil stays above here. i look at companies like an eaton which i'm not recommending but when you get the 4 % yield, that's kind of interesting, isn't it, with the treasuries at 2? >> yeah. we have 28 dow stocks well in the red. microsoft the worst followed by chevron. >> what happens with microsoft? >> waiting for indication. we just got walmart which has not opened and ibm, i have not seen an indication yet on ibm. so the rule 48 being invoked today. >> let's look at walmart. are you selling here near the top? oh, it's down 25%. i

if you are a big company, like procter & gamble, procter & gamble, i household names that do billionsllars with walmart. this could add up to a lot of money for a supplier. the change in payments for a smaller supplier could also be drastic if you are expecting to ,e paid every 30 days and now you are getting paid every 90 days. betty: this seems unfair. how are they able to do this? is it because their walmart? pimm: i like how betty thinks they are going to be fair. it is not about being fair, it is about making money. shannon: the suppliers are all upset. none of them wanted to be quoted . they were afraid of backlash. they don't know what to do. some of them were kind of coming to me hoping that they could raise awareness. pimm: are there concerns that if afraid that if people here it could hurt their business? shannon: i said their walmart, they are big, tough, and are known for squeezing every last penny out of suppliers. they said, they were known for negotiating hard on price, but not known for renegotiating payment terms and tacking on fees. chargeompanies do warehouse and st

one of them, procter & gamble is up and they've moved into the green column. the price of oil. that to some degree is down a buck 50. and in the s&p 500, 39 of the 40 energy stocks are down. some of the biggest losers on your screen right now. when i say big losers, that 3, 4, 5% down, energy stocks all. look at target, pharmacy workers at a target store in brooklyn, new york have voted to unionize, big deal. elizabeth macdonald has more. >> the unions are failing and they're not getting to unionize entire stores, so what they're doing they're microunionizing, selecting different departments in stores to unionize, they did it with a macy's in massachusetts and perfume counter there. wait a second, our stores have multiple departments, this is going to wreck worker morale, worker efficiency, the law says that all workers function as one unit, therefore one company. >> pitting them against each other. >> pitting them against each other and this is how the unions are in. and target actually is trying to sell their pharmacy to cvs. unionizing them, that's going to

. >> fox's angelique procter shows us how team work between neighbors in atlanta and fear fighters helpedeveryone to safety. >> number one concern is my wife and my kids coming out of there okay. >> reporter: damien walker has been up all night at the bedside of his family. wife and mom tam jones in icu and four of their children were trapped in raging fire at the family home on valley about road in southeast atlanta. two distant relatives who live on the same street were first on the scene. >> i heard a little girl voice saying help me, help me! >> that's when this man ran to get help with blinding smoke and spewing fire the first thing they had to do was remove those burglar bars. >> burglar bars off and i kicked the whole front door down. i kick it down. i started hollering. we went up in there. me and k went up in there. >> we was able to pull a little child out the room. by then i could hear the other children because they probably had collapsed somewhere in the house. >> one child was out but the mother and three more still trapped inside. >> when the child get out the house, we was

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 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 tak

your thoughts on procter & gamble and southwest airlines.ds are going to be fine. i do worry about the action in both of these stocks outside of that you can see the prospector. i'm not a big fan of the stocks themselves but the dividends should be okay. >> yeah. dividends are great on procter & gamble and hopefully we'll see them come back. charles: another one of those companies restructuring for the 15th time. >> right. but there could be something here and also for the dollar, they didn't do well internationally. we could see some switch over in that. charles: all right. tweeted i'm retired with a portfolio taking a 10% plus hit on valuation. what should i do? this is -- you know, it's not so easy to say i'm going to retire and pick up a whole bunch of dividend paying stocks. that's why a lot of people like to do utilities or bonds. i would be worried. if you just retired, you need to have some equities in your portfolio. people live to be 85, 95, 100 years old, i want your golden years to be golden. what do you think. >> in terms of the

procter & gamble and the consumer staple size.e got an upgrade to a buy from a neutral rating of sun trust. p&g is the fourth worst performing stock in the dow down by 23%. perhaps some retail at least on the consumer staple side value to be found here in procter & gamble. >> they like that 4 % dividend as well. thank you. for better or worse, it became a whole lot easier for your kids to watch their favorite disney movies over and over again. we'll brick you tng you the det after the break. >>> big news for cord cutters today. from both nfl and disney. we have the details on both moves in l.a. today. >> reporter: good morning. that's right. there are two powerful brands that are finding new ways to make money online. disney shares trading higher this morning agz they expand their disney movies anywhere cloud movie service. the movies you buy digitally are available anywhere. beginning today, disney movies everywhere will be available on amazon video and microsoft movies and tv. it rolled out to others last year. next week the clo

. >> i've got to talk to you about procter & gamble. take we're talking a lot about brazil.at brazil's economy is in dire straits. the ten-year yield is somewhere around 16%. it's basically telling you that there's more trouble to come. are you concerned about procter & gamble and whether or not their estimates might have to be ratcheted down? >> that's one of the reasons why procter & gamble is really right now being priced at historic levels. they have about 60% of their sales coming from outside of the united states and that's something that will be acting as a headwind. we look at p and g and you have one of the world's premier consumer products companies. typically you play a premium for that. it's trading cheaper than it historically has. it's really nearly 4%. our firm's been around for 25 years. they've raised that video by 9% per year. it's gone up each of the last 50 years for a company that's one of the top defensive staples. so we feel that a lot of that news with respect to brazil in the emerging markets is largely priced. >> thanks so much for joining us. we do

2% or more whether you're talking about merck and the pharmaceuticals or ge and the industrials or procter & gamble, even united health care, all up more than 2%. now, there was a twist to the buy ahead of the fed story we saw today. some afraid traders aggressively sold treasuries, as well. that created big moves on top of the rally. big banks like bank of america, jpmorgan and citigroup why outperforming the market in general as were regional banks like "uss bankcorp. why the move down in bonds? that's not clear. but there have been rumors for sometime that the chinese government, one of the biggest holders of bonds outside the united states has been an active seller for several weeks. for "nightly business report," i'm bob pisani. >>> now to the wall of worry. the heads of some of the biggest companies in america have a long list of things they're concerned about. the quarterly survey of the business roundtable made up of corporations with more than $7 trillion in annual revenues cites growth, a strengthening dollar and a potential federal government shutdown as some of their top concer

procter & gamble breaks ground tallness the largest and the entire history of west virginia.hey are expected to create hundreds of full-time jobs. it is only the second factory to be built in the u.s. since 1971, before i was born. and 11 house republicans are sidestepping the party line and calling her action against climate change. they were guys like humans have pulling back on global warming. pimm: while everyone was watching the federal reserve, apple rolled out its new operating system. it has a special capability. it was received so well that three of the top 58 downloads on the app store today follow in the footsteps. could this be a new feature? bad news for google, facebook. from sanns us francisco. special about ios nine? if you look at the free apps, you will see a dominance ifthe kardashian family, but you look the paid apps and where the money is, a remarkable thing happened this week. as blocking technology apps garnered three of the top five spots in the best-selling apps for the ios. technology, that keeps ads from showing up on your phone across all kinds of

some of these these do not sound like a law, but are a company, and there are some big companies -- procter clerks, johnson & johnson that do billions of dollars in business, it will add up to a lot of money for a supplier. and the change for a small supplier will be drastic as well . some suppliers in and went to their banks and cover with more loans. betty: how are they able to do this? this is not about fair, this is about making money. >> suppliers are really upset about this. none of the suppliers wanted to be quoted in the story that you can find on bloomberg.com. they are afraid of hurting the relationship of debt with walmart. they do not know what to do. some of them are coming to be hoping that they can raise awareness about this. wem: here is our concerns, want walmart to hear them. >> this is walmart, they are vague, they have been long known for leaving every last penny out of suppliers. -- but they were not known for trying to change payment terms are attack on added fees. other retailers do do that. they charge warehousing fees and distribution center fees. they say to those

i like procter & gamble, because it yields so much. this is good news for unilever. they will not stop until they take as many sales from our companies. >> you do not believe it is a malt ter of traders here trying to live vicariously through more accommodation in europe? >> no i think it is traders who are wrong. they can really be wrong today because they don't have china to be wrong over. they are not wrong in two but noenl one. >> when i say they are wrong, look at the results. it is not like someone has this huge bet and it is working. you don't hear about that. what i do find amazing is that you got up in the morning and didn't see the chinese government have to prop up stocks. that's what they do. this military holiday, this memorial holiday is taking china off the front page for a couple of seconds, and, boy, is that positive? >> we will keep our eye on that. ahead of this weekend's g-20 meeting, the imf urging the world central bank not to urge rates. they say they are all posing risk to the economy. treasury secretary lieu speaking out about china's currenc

and procter & gamble is catching a bit of a bid up 3% this month.er & gamble worth the most of all the guys. look at the losers. they have been weighing things down. you could argue some of them have been weighing things down more than others. amgen, merck, and citi. three of the worst performs among stocks with at least $100 billion in market capitalization. citigroup is interesting if you look at jpmorgan chase and wells fargo. a lot of big banks are weighing things down. financials the second biggest sector in the s&p 500. it will be interesting to see if tech, financials and health care can stage any kind of a move to the upside in the fourth quarter. back over to you. >> and we'll ask about tech, financials and health care with richard madigan. will the bulls return in q4? we call him our trillion dollar man. i hope we don't embarrass you when we say that but richard madigan is chief investment officers at jpmorgan's private bank. welcome. way tonight pick up with scott wapner left off with carl icahn. his phase is the joy ride is over for stoc

in cgi, because we're about to have cgi, one of our best partners has been procter & gamble. a little packet that would clean dirty water in a very simple, inexpensive way. it now costs a dime or less. they've now -- they knew that. in the process of doing this, they realized once they got enough partners they could commit to saving at least one life an hour every hour of every day as long as the company is in existence. they have now given out 7.5 billion of these packets. each one will clean enough water to take care of a family of three for three or four days. the starky hearing foundation, for more than 40 years they've given away more than 10% of their profits from their commercial hearing aid products in the united states. when i met them they were giving the gift of hearing to 50,000 people a year in poor countries. and we were in haiti together, and i was so struck that they thought they were just going to replace the hearing aids, then they got to kids at the deaf school and 225 of them all but two left with hearing. and bill austin looked at me and said, you know, t

fox's angelique procter shows us why. >> reporter: nicky west was in a lot of trouble when depth teasek her mug shot monday night. they found her six-year-old daughter crying, hungry and wandering alone on this road in undeveloped subdivision. she later told authorities she honked the horn and yelled at her mommy but she couldn't wake her up. sheriff tells me the little girl's non responsive mother and these beer cans were down the road in this culled did he sack. it was a motorist looking to buy a new house who found the child. >> this individual took the child to the fire station which wasn't too far from one of the county fire stations, and they told the fireman there. they went to the location where the car was parked. they found the female unresponsive. >> reporter: sheriff says the firefighters shook and yelled at west. when she finally woke up, the sheriff says, she lied. >> they asked her, where her child was and she said with the father. which was not true. multiple beer cans laying around inside, outside, you know, the car and then some more later to be found in her purse. >>

only procter & gamble, which has been sticky seems to be found buyers when it gets to that $70 level. i think in part because high quality blue chips is down 22% going in. so people think it's okay. here's the problem. the whole problem as i see it right now, unlike 2009, there is no accidental high yield protection. even as the earnings, cash flow and buybacks this time are much more robust tan 2009 and none of these companies is truly dividend challenged. now, look, things can change. they can report a big number. maybe tomorrow is different. i got to tell you something. overall, the action, it's a case for a lower stockmarket. stocks have slipped enough that the yield is fathomable. we haven't gotten there yet. right now the yield protection isn't the price of recognition, it's so necessary, when we buy something that's supposed to act like a bond. you don't necessarily get your money back. finally, there are companies with tremendous earnings that nobody cares about. again, i referenced we had a great number in the j book. so this could change tomorrow. let's just talk about the l

fox's angelique procter has the story. >> the big controversial statement was that allah was the same that christians and jews worship. >> reporter: fox5 news was first to show you the social studies islamic assignment in walton county that raised lot of eyebrows. they include the islam and talk of allah. some parents say it all crosses the line and they should have been informed about the state curriculum beforehand. >> as far as islam, they're not teaching them the radical side of islam and they said they're not going to. which is to me is half the tru truth. especially in today's society were you turn the news on every day or you look on social media and there's a radical islam threatening to kill us. >> reporter: parent ryan breeze was so uncomfortable with the assignments his daughter brought him he talk with an administrator youth middle school and got her opted out of the particular assignments. now, he is concerned about other students. >> we're getting one water downed worksheet on christianity we see five worksheets on islam. and it's just -- it's not equal. there's no overs

and lobbying group human rights campaign introduced a new coalition of companies that support gay procter & gamble are among the first. implement policies such as same- sex partner benefits globally. >>> you may think getting limes disease ends -- lyme disease ends -- causing bacteria. in some areas up to 50% of ticks can carry lyme and other diseases. eyewitness news anchor david novarro has more on how to protect yourself. >> ira moore found that the beauty of fall comes with some hidden dangers. >> i had taken the kids out and shown them how we used to rake leaves into a pile and jump in them when i was a kid and a few weeks later i had symptoms. >> reporter: ira thought he had the flu. but he had been bitten by a tick and infected with lyme disease and like many people he never developed the telltale rash. >> most people know that a large expanding rash can be a sign of lyme disease but symptoms can also include fever, chills, body ache, muscle pain, very much like the flu. >> reporter: the best way to avoid tick bites altogether. consumer reports test the effectiveness of insect repe

procter & gamble upgraded at suntrust.bout 24%. and shares of fitbit up about 8% in the premarket. lighter trading after morgan stanley analysts upgraded from an equal weight rating. there's been a demand and high shore interest a short squeeze there. shares up about 70% year to date. and of course in deal news. late breaking right now blackstone is acquiring strategic hotels. the total deal volume including debt is about $6 billion. total $6 billion. this is the hotel behind a lot of mar can i hotels. back over to you guys. >> thank you. again, when we come back this morning, our conversation with a special guest continuing. this is part of the "squawk box" special 20-year anniversary series. the party will continue this week with guests and special interviews. big names this week. and then later this morning don't miss warren buffett. we'll be sitting down with him to talk about the economy. fed expectations and much more. stay tuned. "squawk box" will be right back. this just in: 50 million customers' data was not compr

little africa and bucktown for procter & gamble said today. multiple people in that area helps people become involved. it was also because of the location. one side at kentucky, the other side you at canada which many people were trying to get to. most historians and scholars will say it was a loose network of people. here in cincinnati was a very good network of people. there's the story went 28 people were escaping in cincinnati and the community had to come together both african-americans and white i came up with a clever way and since i was very much a proslavery city during the day of his people would arrive during the day. people communicated through different means to say we need a combo with an idea and what they came up with this funeral. they have the funeral walk down through cincinnati and at the 28 people in the funeral walk them out the cemetery which we talk about in the book and eventually were able to get on to canada. cincinnati was a connected network but at the beginning of the story you had to make a decision on your own.

when you look at procter & i know i should not have favorite commitments, but i can't help myself.e their consumer products reach, logistics and distribution mechanisms, and their commitment to help every family around the world get clean water, to play their part by ensuring that they are saving a life every hour with clean water distribution and clean-water packets, and demand to sell them in the stores across the world. to partner with world vision and other ngos where there is a real need, that's amazing to me. that is their core business model. it is something that they say now is one of the most highly-rated things they do as a company, even their recruitment and retention program. stephanie: the market has had a great run, but the dow is down, are you worried that that commitment to shareholders can make the great work they are doing thisappear -- disappear. is where we at cgi and the clinton foundation have a responsibility to our partners to help them continue to make the case. scarlet: that was chelsea clinton. for a look at other top stories, america's neighbors are buyi

remember talking about comments next emily procter brock and mueller made about the australian dollar that time it was trading -- comments stanley druck and made about the australian dollar falling. they have been trying to shop down the aussie dollar for a long time. this is a boost in terms of trade. helps boostost -- education and finance as well. in terms of transitioning the economy away from mining, this is music to the ears of the bank. angie: paul allen allen, thank you for that out of sydney for us. not surprisingly, the volatility in china came under scrutiny at the g-20 meeting. it resulted in finance ministers issuing one of the most firmly worded statements in years, agreeing not to engage in battles over currency. we have the details from antara. thehe main focus was chinese presentation on how they will stabilize the economy. the japanese thought it was not detailed enough but most delegates were satisfied. g-20 agreed to a communique where all countries agreed to refrain from competitive evaluations. -- the evaluations -- devaluations. stanley fischer stood in for take

morning as a write-down san francisco 59 degrees lower 60s across oakland and san jose the same for procter mid-60s and santa rosa 58 degrees this morning and we are borto continue to warmer but it is not going to be as hot as last week and for which a u.n. speech right now if you're heading off to sacramento we do have of their strong delta agrees is really no difference what you guys usually have in that area. >>michelle apon: letter on this afternoon for lost and the spots by 3:00 p.m. this opera seven is to to read our latest and staff and a little more red what 83 by 3:00 core timber to the cross the east bay shoreline '60s and '70s this afternoon across the peninsula are '60s for san francisco its upper seven is across the south bay opera seven is a lot around 80 degrees is a is not for over the next few days will continue on with cooler temperatures and a few more shower chances come wednesday when is that we have an afternoon shower chance keep that in my you give money to of the umbrellas away by thursday to the to start to walk into mid to upper 80s. >>michelle apon: article about

there is suntrust boosting procter and gamble to a buy citing valuation among other reasons.s the third worst performing stock in the dow. still down about 23% in 2015. shares of fitbit up about 10% as morg morgan stanley raised from overweight to equal weight. there's been some resilience in demand post apple watch launch. rbc capital markets boosting aetna to outperform from sector perform rating. the firm is comfortable with the likelihood of the humana deal closing. summit research cut its price target on baba to $81 from a prior $91. shares reverse course midday on those cautious comments about its china activities at citi's global technology conference. what is one analyst making a bearish call on the stock. that is part of the story. for morehead to cnbc.com/pro where subscribers can get more on that story. >> that is one thing we were discussing. it's conference season. a lot of companies use these conferences to preannounce. 13 minutes to go. stocks generally are doing quite well today. dow up 377. all the major indexes up 2.3% to 2.6%. our next guest says s&p will r

. >> worst dow components, procter & gamble and exxonmobil and chevron. >> what's the yield on chevronow. >> continued discussion about the sanctity of the dividend of those companies. some weighing in saying those concerns are priced in gopro up a couple percent here on a tepid tape. the journal argues that the stock is finally a bargain. i didn't know this, q4 not surprisingly 40% of annual sales forgo pro. >> for christmas, of course. big gift. >> do you have one in the caruso household? >> no. >> shyou should get one. >> we use them a lot in the field. >> as a family. >> no, no. reporting. i feel like i get my gopro experience. >> a drone christmas for you then. >> yes. >> finally on the airlines, i'm not sure if this will get anywhere, american airlines, the "washington post" reports, accidentally flew the wrong plane from los angeles to hawaii back in august. that's a violation of faa rules. because the plane wasn't allowed to fly over water. >> yes. they realized the mistake about halfway. >> what do you do? you're over the water. >> it's a logistical, i'm sure, nightmare to mak

. >> funny you say that as procter & gamble, while negative is the best performing component.ut some of these banks, ahead of this curve, lying down completely. jpm and goldman at the bottom. >> no a surprise. some other research to hit, macy's, a name we talk about a lot, jim. morgan stanley came out with a note, not sure you saw it. they say they worked with their read analysts, come up with an answer in their belief as to whether macy also move ahead with this opco propc osho thing. operating company, they question whether burdening the opco with significant rent obligations, reducing flexibility is the right long-term decision. they do advocate opportunistic monetizing and selling real estate, but they basically come down on the camp that says it is unlikely in their view. macy's, of course -- we delivered there for ten minutes. it went away. >> i think the company had solutions not that the activists had. company got a lot of hot money in it in the interim, macy's reported some of the most disappointing same-store sales numbers, where other companies like nordstrom have d

merck, pharma stocks, here is procter & gamble, up 12.5%. 7 million shares, a lot of the big global industrial names, 3 m trading here almost up 2.1%, volume on the moderate side. a lot of the other action stood in interest rate sensitive groups, you were mentioning those moves, selling bonds and moving into stocks. that's benefitting interest rate names because yields have been moving up here. if you look at the banks here, here is jpmorgan up 2.3% and a lot of the smaller regional banks like citizens there up almost 3%, synovus up 7.1%. we're also seeing other interest rate sensitive sectors moving up as well. a lot of people speculating will what exactly it means selling bonds and moving into stocks because sometimes you don't see the bond sales, you see the stocks move up prior to the fed but not the bonds selling off and that's got a lot of people speculating about some people moving some positions around and maybe lightning up on those bond positions. why exactly they're doing that. a lot of theories about t but bottom line, great day for the stock market. guys, back to you. >> thank you

jpmorgan, coca-cola, procter & gamble leading the way on the dow jones industrial average.lightly negative. the s&p down half a percent. nike at an all-time high surging better sales and charles: at the united nations is the point where racing.mac turns out on about on the back with it odium and is seen as a human right -- liz: that is what gets me. saudi arabia has more people than i says and they will be running a human rights panel. what is going on there? >> is calling for the u.s. in the west to take a huge role in all of this. they should be listening to what he to what he's saying. we're not hoping where the head of isis or hamas, but actually there's who should take a major role. tree into united emirates, bahrain, qatar, zero migrants to germany says will take 800,000. john kerry keeps upping the ante that they become our problem and if we don't take care of them, we are evil or sinister. >> only talking about the humanitarian aspect. obviously the humanitarian case to be made and many are well-intentioned. how about the geopolitical modifications and national secu

we can take a look and try to figure out is the valuation of procter & gamble justified today?nk as long as fundamentals are in tact and companies are staying private longer because they like being private companies and ultimately they are the ultimate test. think back to ali baba, all the hype, went up, came back down, and facebook did that after its ipo. it was a great investment coming out of the short term, and it sold way back off, and it's been forward ever since. i think the path for the companies like air bb and uber are similar, but long term, if they deliver on the business proposition, they'll be fine investments. >> brian, a huge part of the holdings include the financials, bank of america, jpmorgan, wells fargo, all benefit if rates increase. you do expect over the next, let's say two years, rates are higher helping those companies? >> becky, i think over the next two years, rates have to be a little higher. think of where we are. we're five years into an economic recovery. it's been a slow economic recovery. in any other cycle, rates at the short end of the yield

procter & gamble, saying it's a play now, a big dividend, down ibm losing a quarter of the value frome tech side. walmart and chevron round out the top five. remember, all dow components, and these large cap stocks carry weight because market caps mean, yes, when they go down, they drag the market down by their fair share, but the win up here now that's not up here rather is apple. it is down about 15% from its recent 52 week highs. not like the rest of them, but it is worth more than they are, but, againings y, marginal year date, as you see, joe, a sliver of green in the market, no one's saying it holds, but if it does, the bargains they showed before apple all carry dividends, joe, of 3%. back to you. >> thanks. more on the market action this morning. head of u.s. equity and quantitative strategy of bank of america, and our guest host for the next two hours is rebecca patterson, chief investment officer of trust, and cnbc contributor. do either one of you changed the notion that the dip should be bought instead that rally should be sold, or is that still -- >> i'm still holding on.