the hometown to the global consumer juggernaut, that's procter & gamble.hat traces its roots back to the city to the 1800s and is going through a transformation right now. p&g never fully recovered from the financial crisis years ago. it's brand-new ceo, david taylor, on the job exactly one year, november 1st, sat down with us. it was his first interview since taking on the role of p&g. we talked about where he is, coming off a solid quarter. 3% organic growth. something that p&g had not seen since back in 2014. where he sees growth. this is a company behind many household brands that you know. old spice, pampers, tide, we talked about whether p&g got its innovation mojo back, what products are hitting the market and you couldn't ask for a better person to give a view on the global economy from china to the u.s. and what consumer spending and habits are changing and doing now. i'll bring you snippets from that interview throughout the hour on "worldwide exchange" and throughout the morning and the day from cincinnati. swing county in a swing state, little

shoppers across the country are asking: what happened to the procter & coupons? some of p&g's recent cpoupon inserts no longer contain those valuable coupons, as one unhappy discovered. joyce riebe runs a dog rescue. each week she buys lots of dog food ....and laundry detergent."having dogs i do a lot of dog laundry, and it's gotta come out smelling nice. so you love tide? i love tide!" so she was stunned to open up the latest p&g brand saver insert in her community newspaper....and find this. "well, they had coupons that are not coupons." instead of the usual dollar off tide coupon, was a little box that told her to go onne and register for p&g coupons."if you are not reading them closely, you don't see that." not register for them."if you don't go onto their website, you can't get coupons for them anymore, not out of their p&g savers." "joyce says she's noticed it a lot lately...with coupons that arrive at her door or in the newspaper. she says there are a lot of ads, but fewer and few coupons to clip." time magazine says paper coupons have been declinging, as

prices and consumer confidence, and lots more earnings, from the likes of 3m, caterpillar, dupont, gm, procter & gamble and apple. to 18-223, the nasdaq up 52 to 53-09. checking this morning's hot headlines right now...tragedy at a police training academy in pakistan-- at least -48- trainees were killed-- when several gunmen stormed that academy. more than 100 other people were hurt in the attack. around 700 trainees were at the base-- and 200 were rescued right after the attack. as of now-- no group has claimed responsibility. the ex-wife of the disgraced subway spokesman fogle is currently serving a 15-year sentence on child sex and porn charges. his ex-wife has filed suit against subway alleging they knew about fogle's quote "sexual interest in and activity with children," and failed to act. no amount was given in the suit.. just that she is suing for damages it's finally here.the first pitch of the 2016 world series will be thrown-- tonight.the cleveland indians will host the chicago cubs at progressive field for game one. history is on two franchises hold the two longest world series titl

procter trying so hard to turn the business around but not getting very far.g money but not growing the top line. i do think it will be a challenge for household products in particular. we prefer beer stocks, so anheuser-busch, i think, is doing a great job of growing internationally and buying up small craft beers, doing a good job of that. >> beer over toilet paper. >> beer over soft drinks, over toilet paper, beer over most things. >> wow. >> here here. >> good slogan. caroline, thank you. >> thank you very much. >> you buy chardonnay, don't you? >> i buy scotch. >> oh. okay. >> i knew that. >> biotech stock, biotech stock is up 30% today. we'll tell you why and what company we're talking about. don't move. ♪ there's a lot of places you never want to see "$7.95." [ beep ] but you'll be glad to see it here. fidelity -- where smarter investors will always be. if only the signs were as obvious when you trade. fidelity's active trader pro can help you find smarter entry and exit points and can help protect your potential profits. fidelity -- where smarter inves

procter & gamble, just amazing.rganic sales growth 3%. $16 billion in sales and they still get organic sales growth of 3%. that's just remarkable. all five of their business segments had an increase in organic sales growth and they reaffirmed their full-year guidance. this was their first quarter so they're talking about the rest of the year overall. baker hughes echoing what halliburton said last week overall. narrower loss than expected. they talked been an uptick in the united states. of course declines abroad, they're still having troubles over there but another very positive report from another big service group out today here. loss of 15 cents, we were anticipating a loss of 44 for them. caterpillar, yes, on the surface is disappointing. the guidance overall is disappointing. remember, they did beat 2016 guidance is below expectation and 2017 sales revenues not significantly different. that doesn't sound very good, but here is the key. most commodity prices seems to have stabilized. he went on to say if we can

we were thinking about procter & gamble. >> i like procter. i think it comes down to 84, 85, but i think it's a good choice. were around to hear them. let's go to rich in pennsylvania. rich. >> caller: hey, jim. booyah to you from allentown, p.a. thanks for taking my call and all the great advice you've given me through the years. you've helped me retire early. i have a question for you. synchrony bank. >> that thing has come down too much. that's kind of attractive to me. but you know what's more attractive? if visa sells off a couple i think charlie scharf has got some personal things to attend to at home in new york, and that stock is coming down and that may be a better opportunity. let's go to riadh in new jersey. riadh. >> caller: thank you for taking my call. >> of course. jim, pbr, but three weeks ago, so far i'm down 20%. >> it's made a big comeback because the real has gotten really strong. welcome. i would be tempted to -- on half. ginger in nebraska, ginger. >> caller: booyah, jim. i have to tell you that my husband and i are the g

in cincinnati where she spoke to the ceo of what happens to be the biggest ad buyer in the world, procteramble. interesting to see procter & gamble continue shrinking even while other of these conglomerates are acquiring companies. >> yeah, and they're looking for growth and doing it by ramping up advertising, kayla. they have had some big hits, like a girl campaign, when it comes to viral video. you remember from last year's super bowl and the rio olympics. went crazy on social media. i asked ceo of p&g david taylor when it comes to allocating the dollars, where is he getting the biggest bang for the buck, snapchat, facebook, or twitter? >> the area where we've got bigger investments would be google and facebook. if you look through the u.s. or maybe alibaba in china, and then it varies in other countries. and it's typically ones that have a broad enough reach and enough inventory and interest within their users to be able to communicate our key messages. and those two would be the ones i'm probably most familiar with in terms of differential benefits. >> and on this topic, how much of y

consumer confidence and plenty of corporate earnings from the likes of 3m, cat pill hear, dupont, gm, procter & gamble and locally apple. >>> more job cuts right now at twitter. it could happen this week. bloomberg news reporting that nearly 300 jobs could be cut, 8% of twitter's overall workforce. this comes as twitter continues to look for a buyer after years of financial loss o. we reached out to the kpen but the san francisco-based twitter is not commenting about potential cuts. >>> a computer glitch kept shoppers at whole foods from checking out. the problem popped up in several states. shoppers texted and tweeted about closed registers and the company's vice president confirmed there was a log-in issue. the problem has been resolved. no word on the cause. so far there's no sign hackers were behind that problem. >>> a walmart halloween makeup kit crossed the line according to mental health activists and they pressured walmart to stop selling it. a suicide scar wound makeup kit has been pulled. the company stopped selling it and answered one critic on facebook. it admitted the makeup kid

if it's a stock that moves around a lot, that might be very cheap, but if it's procter & gamble, a stock that doesn't move a lot, 5% might and lot. compare it. >> class dismissed. >> make a bet that wells fargo is so bad it's good. >> microsoft. that's a good stock alternative. >> looks like our time has expired. i'm melissa lee, "options action".cnbc.com. stay tuned. cramer starts right now. >> announcer: the following is a paid advertisement for the shark rocket complete with duoclean technology, presented by sharkninja. to get your carpets really clean, you might think the bigger the vacuum the better. but big means bulky and heavy. is that really what you want? so shark introduced a totally new idea with the original shark rocket ultra-light upright and nearly 2 million have been sold. with true no loss of suction... the power to deep-clean carpets and floors... and the versatility for above-floor cleaning, too. but shark wanted to create an

people said the same thing about procter & gamble. there has been a breakdown in some of the consumer stocks. proctor and gem gamble is holding up pretty well, right? >> shocking. dom from downtown just startled everybody. usually he's a quick in and flies out. >> it's the end of the day -- no things to do. >> i don't think it's fair, by the way. it's -- i think cisco, too. we look at the stocks. this is trading at a discount to itself. this is a place they're actually slowly remaking their business away from total switching into software and security. i like cisco. >> all right. how about -- >> oh-oh. >> high-dividend yielder that isn't close to a52-week highs yet. but you're willing to be in it because you like that dividend. >> you know, i'm not the guy who starts with the dividend. so -- >> right. >> but i think when you look at the list and it's something we talked about during brexit. cisco is the name i said you buy at brexit, because everything was getting sold off. it was also the pitch stock i used when we did that whole pit

procter & gamble beating the streets. moeller joining us this morning. >> we've got some tougher comps ahead of us. we're managing through a lot of geopolitical and economic die kna -- dynamics. of course our competition doesn't stand still. but 2% will be up versus last year. we hope by the end of the year will be improving beyond that. >> and p&g is higher. >>> of the dow components out with quarterly results this morning, merck results topping consensus. the drug company also raising its 2016 outlook with cancer drug with -- i don't know. contributing to success. and then beating estimates by 10 cents. conglomerate raising organic sales outlook. and dupont coming in better than expected. the chemical maker raising full year forecast. >> doing some job here. >> who's that? >> ed. >> and the company's results were helped by expanding sales and profit margins. >> over and over again. >> over and over. talk about a great operator. >> right. one more thought. we talk about education. and i'm biased about jpmorgan. i'm a big

. >>> a bright spot in "today"s market was procter & gamble. dow component and the maker of tide, pampers and gillette razors reported better than expected quarterly profit. it also posted strong organic scales, which excludes things like currency moves and divestments, but could be spotty in the near term. >> tougher comps ahead of us. we're managing through a lot of geopolitical and economic dynamics in places like egypt, nigeria, argentina and now the philippines. and, of course, our competition doesn't stand still. but 2% is a significant improvement versus last year, and we hope by the end of the year improving beyond that. >> p & g the best performing stock on the dow, rising more than 3%. >>> dow component merck reported a strong quarter helped by higher sales of vaccines and a closely watched cancer extremity which works by harnessing patients' immune systems. the drug maker reported an increase in both profit and revenue and narrowed and raised its full year earnings forecast. that was good for 2% gain on the trading session. >>> the i

. >>> one company closely intertwined is procter & gamble and sara eisen recently spoke with the ceof the dow component to get an update on the company's big transformation. ♪ >> reporter: it's been one year since david taylor took on the job of seeing the world's biggest household products company through a major turn-around. and so far, the 35-year veteran of p & g is seeing results. the maker of tide, bounty and pampers saw its fastest sales growth in years last quarter. but it is staying conservative on the outlook thanks in part to a soft global economy and flat consumer spending in the u.s. >> the economy is growing, but not growing faster or slower. i think we're in a relatively flat period of time right now. and some stimulus, hopefully, will drive a little bit better growth. but right now, what i'm seeing and experienced in the ten categories we do business is a relatively consistent, modest growth in the u.s. >> reporter: p & g's health care business is shining with oral b and its power tooth brushes growing fast. but some of the beauty brands like olay, are still strugglin

first, to the good, procter & gamble, consumer products giant up 4%.whirlpool, appliancemake, down 12% after missing estimates. full year profit forecast also below estimates. ugly day for under armour, the stock dropping 13%. the company posting the slowest quarterly sales growth in six years. let's start with the good. procter & gamble joining us is jonathan feeney, senior analyst, you have an equal rate rating and price target of 80 bucks. at 87. does this earnings report make you change your mind about the stock? more enthusiastic about it? >> well, one quarter doesn't a trend make, it was certainly an impressive quarter. our concern has been that they have been balancing that -- balance is the key word, balancing their business more towards profit than volume. this quarter, they're able to buy volume with discounts, but still make their profit targets. we'll see if they can keep that up. >> that explains why organic sales were up 3% and better than people expected. a quarter ago, there were a lot of complaints, not just you, people said, wow, you

procter & gamble beating estimates. united technologies and the winners column as well today. if you look at some of the big doing the very worst. it isompanies saying seeing weakness or challenging. -- missing estimates. general motors numbers looks good. the issue seems to be the cost associated with brexit. europe is the second-largest market. when you talk about brexit, investors are concerned. 3m seeing issues in the consumer electronics division that led them to come out weaker than had been expected. we have a third of the companies in the s&p 500 return -- reporting earnings. i also want to talk about what is doing on in the currency market. in an interview with bloomberg, the value insaid the dollar will pause. white 10 year treasury yield in blue. jp morgan things that is not going to continue. 90 minutes away from the end of the tuesday's session. at the percentage change column today. minor 0.03%. zero 00%.fore plus we are gone nowhere for three consecutive days. basic resources, check out this takeaway. at the industry group, the highest level since 2015. the inde

although, i think david axelrod, at procter bob his adviser one month ago said in the larger scheme ofthings you could see donald trump as a counter reaction to barack obama as dave george debut bush to save his cowboy foreign policy of the anti-war fans or cosmopolitanism -- cosmopolitan and then the counter reaction to donald j. trump. >> host: gerald horne teaching at city college of new york, uc santa barbara, university of zimbabwe, chapel hill, university of hong kong and a professor of history since 2003 at the university of houston. after he graduated from princeton went on to get his law degree from uc-berkeley uc-berkeley, master's from colombia and ph.d. from

but if it's procter & gamble, a stock that doesn't move very much, 5% might be quite a lot.depends on the underlying stock, but just add up the premium of the straddle and compare it. >> class is dismissed. time for the final call. last word from the options pit. carter. >> contrarian, wells fargo so bad, it's good. buy. >> december 45 call is the cheap way to make a post bet there. >> dan? >> microsoft a good stock alternative. >> all right. looks like our time has expired. i'm melissa lee. thank you for watching. check out our website, optionsaction@cnbc.com. have a terrific weekend. but stay tuned. "mad money" with jim cramer starts right now. the following is a paid presentation for the bissell pet hair eraser vacuum. got a four legged family member? get a bissell. got a fun loving feline? get a bissell. got a furry, four season shedding, food scattering, furniture hugging friend? if you said yes, you need to get the bissell pet hair eraser vacuum. bissell is an american company, creating cleaning innovations that make your life easier for 140 years. and now we bring you

now is expensive because we were only 200 employees telling general electric and walmart and proctere that they should do this. emily: that was all for of box -- four of box's cofounders 10 years after their first major investment. in this edition of "out of this world," president obama is invigorating his call to send u.s. to mars by the 20 30's and return them safely to earth. he wrote that the long-term goal will be to one day remain on the red planet for an extended amount of time. he also calls attention to cooperation between the government and private space companies, without naming elon musk's company by name. he had the 2030 timeline but the initiative attracted little attention. coming up, our conversation with twitter cofounder. why he hopes they stay independent. plus, how he is planning to take a virtual reality mainstream. this is bloomberg. ♪ emily: story we are watching, you new data from idc shows that pc statements -- shipments declined. k ship 68 million machines globally in the third quarter, down from nearly 71 million this time last year. idc says the u.s. prove

you saw procter & gamble better than expected.otable disappointment on problems over in the uk was whirlpool. >> but overall markets are down. so one or two high profile misses offsetting that? >> yeah, i think the main concern is still the fourth quarter numbers may not be as high as some people want. the important thing is we will send four quarters of negative earnings growth. and the numbers so far, 2. .7% increase and 2.7% increase in the revenue numbers for the third quarter. pretty good numbers, so we'll be in positive territory on earning and revenue growth for the first time well north of a year. and i think that is a reason to be optimistic. still some concerns soft consume ir sentiment that the up in high school have to come down for the fourth quarter. >> and let's have a look at the intra day chart for the dollar. we did see a nice run up earlier in trade. nice peak. and then we pulled back quite significantly during the course of the day. do you think we're look at the end of the recent three week long dollar story?

we have cfos of procter & gamble. a company that sara knows so well. when you go home from the city, you would see the proctor & gamble towers. >> absolutely. >> i was headed to the other side to pete rose country over western hills and price hill and sort of the -- >> no man's land. >> the down to earth people live. there are railroad tracks right before i get there too. there are some railroad tracks i cross to the other side. >> you miss the skyline completely. >> yeah, i miss the dolly parton skyline. and gm, cfo from gm. and before i toss it back to you, you saw the game. you saw the nfl game. now you can see all you got to do instead of a round ball, make it a little oblong so you can pass it instead of just trying to throw it. and then when you can use your hands to catch it, the game actually becomes interesting. there's scoring that occurs. there's hitting. it's a whole different ball game than just watching people basically with their hands tied back their back trying to kick something. they never succeed. now you know it can work. >> we have

also here from procter & gamble.ods giant to report slightly lower earnings and revenue from last year. gm, general motors expected to fall 3% while revenue is seen rising within 1%. some analysts have increased estimates thanks to stronger than expected production during the latest quarter. lauren: a look at the headlines of "the wall street journal." dealmaking had its biggest weeks in the.com boom. more than five multivolume billion dollars sales totaled $207 billion with british american tobacco spent the rest of reynolds american and at&t's $85 billion offer. a december rate raise rates next week. as expected to stand down. officials are rid of raising interest rates around in the presidential election. americans respect for police reaches its highest level since 1967 p. 76% of people polled say they have a great deal of respect for police in the area that according to a new gallup poll and the number is up 12% from last year. nicole: i heard this morning the likelihood of a rate hike was 70%.hat i heard. coming

yesterday pulled up by procter & gamble, pulled lower by 3m.ow futures under pressure to the tune of 62 points. s&p 500 futures down about 8. nasdaq down about 26. as for the ten-year yield, we are going into a heavy batch of economic data. 176 is the yield. that's sort of in the mid point of the range that we've been seeing, 170 to 180 a few weeks ago. see if we can climb over that threshold. the betting odds are that december is a go. november not so much. >> exactly right. yesterday we did see in terms of quantity more beats in the earnings releases that we saw than misses. but there was some high profile misses on stocks that consumer confidence data also had, also oil prices slipping below $50. >> apple after the bell a big weight. >> that's a factor on futures. let's look at european equities. they're in the red. quite significantly so today. the best part of a percent for the ftse 100. germany and france not far behind. seeing declines. oil again cited as one of the factors for that. asian trade was negative and there was some talk that

procter and gamble launched new kind of diaper for babies as small as 1 pound.comes in three sizes, smaller than one for newborn, they're designed to help with sleep positioning and medical care. the new pampers diaper will be available in hospitals across the country by the end of the year. >>> easter basket crisis has been averted it looks like we will have our peeps after all. good news in my household. the workers who make the popular marshmallow candy are back at work. the union representing 400 workers at just born quality in bethlehem says its workers returned to work after going on strike earlier this month. earlier this week the company did file a federal lawsuit that claims the strike violated a no-strike provision. >>> it is an outrageous and illegal way to have your children help support your family to say the least. >> tonight two parents in missouri are behind bars after police say they forced their kids to grow and sell marijuana. deputes he can cute add search warn at the home of christine at wyler and martin gatlin filing a complaint. inside the

liz: could we balance up that with procter & gamble, a dow component, it's done extraordinarily well today. nearly up 4%. the maker of scotch tape, post-its they did better than expected profits. they make tide, how could i not know that? i use tide? >> it's a mixed bag, absolutely is a mixed bag. look at aaa and sherwin williams, they're down big. on balance, i guess it's okay, but i think if you kind of peek behind the curtain, it's not as good as it looks. the average is going to levitate. we're hanging in but the market internals are deteriorating. liz: todd, we're looking at a market that doesn't seem to be doing well, we have strong numbers with great numbers. what are you watching when we have econo data that looks decent. case-shiller for august was up more than 5%. >> liz, i think there is one main, 400-pound gorilla in the room. that's friday's gdp. the fed's going to base their forecast on it. equities are seeing if there is growth in the fourth quarter and the selection hovering. can we see 2.5% growth after the anemic number in the second quarter, and you heard mr. trump

in last week's procter & gamble little arrows, right? so 2.06 minus $2, 6 cents a can. you have to pay 6 cents at walmart. target it's priced at $1.97 so completely free a target. go to walmart or target. target -- some people are not shopping at target right now, so i like to give you both. i like to give you both options. you can pay 6 cents and go to walmar target, you get it for free. >> alcides: re re with ton with this? >> it expires october 22nd when it expires. you don't have to rush in there. you can only buy four at a time. that coupon you can only use four identical coupons per household ber day. don't abuse the system. >> alcides: what is this you're talking about here? why do i walk to the register and match that? how come they don't do it at the sfor? >> why? >> people go in every day and pay 2.74 and say i'd like to pay 2.06 instead. >> alcides: that's not far. if it's that on the walmart webs, i should buy it for 2.06. >> i agree. >> i'm fired up about that. do you get a lot of e-mails about that? >> everybody says thanks for telling me the secret. >> fo

tuesday, few companies are more venerable than procter & gamble. it's done a lot of shuffling, but is it enough? i don't think the stock will power higher unless we hear more organic growth. we also hear from under armour. this stock has spent an awful power plays. i wonder if this isn't the quarter that can break the spell in a positive way. after the close tuesday, we get results from the largest company on earth, apple. and you know i expect a good number, and i always tell you don't trade it, own it. aided by an increase in the service revenue stream that comes from so many different offerings that they now make available to iphone users, last quarter apple talked about people switching from competitors, even talked about samsung. i can only imagine it will give 7's spontaneous combustion issue. apple overshadows everything. we know that. but we'll also hear from chipotle. i think many people are jumping the gun on the recovery here. while i've said the stock is putting in a bottom in part because of an aggressive buyback, we know from the hist

procter & gamble, under armour. under armour getting really whacked down 14%.auto space not doing as well. 200% more than the 30 day average. png doing pretty well. they are going to revive their sales. , the best ticker on the bloomberg. around 20. it's feeling a lot more bearish. amanda: have a look at the bonds today. here is the u.s. 10 year. i want to see the yields climbing. we had mark carney testifying. some question whether we would learn his fate. he said it is a personal decision. no policy change whatsoever. this is a volatility of treasuries. since 2014.t levels this is the expected price swing. level, next lowest week's meeting will do nothing. people are looking ahead to december. 80% expectation into next year. we are going to trade sideways. scarlet: trend sideways is a nice way of putting it. -- i want toout talk about the pound. as treasuries gained the bank of england governor said there are limits to policymakers willingness to look for overshoot. that suggested looser monetary policy is not a given. a rate increase could be necessary. chil

so to answer your question, yes, clearly they are health care but they've gotten to be more procter &amble than they are sort of pfizer, which is why i think they deserve the premium valuation that they get. >> but -- i would just -- just on johnson & johnson, quickly, the disappointment is not in phrma devices, in the consumer side of the business. >>dom, thanks again. goodbye, i think. why would it surprise you? he's always there. what's the big deal here? >>> are any of these stocks worth a buy? what does it mean for the overall market? let's go to the chart master, carter braxton worth. >> i wanted to put the context of j & j in what we just heard. the consumer side is the issue. dom used the phrase rolling over. i want to look at what you would call growth names. but they're old growth names. or growth names whose growth is in question. so i have three columns. one month, two month, three month. not so much about the individual performance. it's about the group's performance. and then the fourth column, the five-year. so just look at the names first. costco, home depot, j & j, lo

and that's not what disney wants or procter wants. i mean, what kind of data is that? >> no, doesn't that speak to the user experience, bob, and that's one of the underlying -- >> it's terrible. >> it is and part of our note we released when you looked to third quarter numbers it looks like the olympics, all the politics and events did not help. you probably have a flat quarter base, maybe even down some. given that twitter wants to be live and both events are very much live, you're not seeing some inflex in both users as well as engagement and that's what it portends to what jim was talking about. >> you wouldn't touch this with a ten-foot pole. >> i wouldn't and i would take profits here. the fundamentals stink. they really do. revenues are a third what have they were a year ago. u.s. ad revenue growth is up 18%. facebook 69%. and they are seeing twitter is seeing a deceleration at a very fast clip. no engagement, fundamentals stink. i have no it idea why you would still around since the stock is up almost 40%. take your money and put it elsewhere. >> it's down -- >>

procter & gamble down a percent and and a half. i'm not going to get a lot of giddyup in these names towards the end of the year. let me get into something to get a little more bang for your buck, if, in fact, all it clear in the energy space. >> yeah. what would you buy? >> i've got one for you. tomorrow morning, verizon is going to report, and if those numbers -- if they're iphone numbers, wire line numbers, are okay, here's a stock down 1, still outperforming the s&p, 4.4% dividend yield. if the fundamentals are okay, the stock is down 11% from its july highs, that's a stock that could probably work back to the mid 50s over the next few months. >> i think what the market is telling you, people want to find valuations that make sense and actually businesses showing they actually may be accelerating into an environment where there is cyclicality. pricing power and actually you're seeing whether yields are going a lot higher. dan doesn't think so. i think you're going to see a ten-year 2% by the first quarter. which, you know -- de

. >> did you see today johnson & johnson was down 2%, procter & gamble, has 55% of their sales. has the yield and people piled into it and it's just 2% from -- 52-week highs. that's a name i actually think you short the staples. i think you want to continue to lean on retail. xrt -- >> meaning short. >> yes. >> i agree with leaning on retail. retail is a problem. the wholesale supply chain is a mess, will continue to be a mess. so i think retail is in trouble. i think the banks still have that trade, into the rate hike, once that rate hike occurs, you take profits across the board. >> if everything is moving ahead, in anticipation of a rate hike, what is -- what is there left to trade up until -- >> i think that's the trade. you're trading in anticipation. so earnings coming out at the end of the week for a few of these banks, right? the bottom line is earnings don't matter. it's not -- that's not going to be a focal point. actually, they're probably really low. the bar is set super low. it's really about a rate move. and it's about trading it into the rate move. i'm looking at

let's start with procter & gamble.g analyst estimates because of massive cost-cutting efforts. revenue was little changed. united technologies is a little bit of an outlier because in contrast to some other names, it raised the low end of its forecast for a second straight quarter in contrast to last year , when it lowered its forecast. investors are encouraged by this. and merck, third-quarter profits topping analyst estimates. strong results from older drugs but encouraging developments on a cancer drug approved by the fda. people are looking for new products to boost sales overall. let's move on to the losers. general motors had decent quarters but is down. that is on the prospect that industry sales -- we have all seen the chart of auto sales and how they have stalled out over the last couple of months. 3m is one of those industrials that has given a forecast that was not quite in line with what analysts were looking for. they cut the top end of their outlook. 3m has said it may spend $10 billion on acquisitions th

. >> why did you decide to do this, you are at procter & gamble for eight years and doing pretty wellime off to have your children. why did you go back to procter & gamble and look for something with flexible hours, why did you decide to move away and start something new? a great job and i was fortunate to take some time off and created the company while i was on maternity leave. it was while i was away from work when i realized how many women struggle to balance demands of being a full-time career woman and raising a family. many women were looking to stay in the workforce in a less than full-time capacity so i saw huge opportunity to retain more women in the workforce. i took it upon myself to make that a reality. >> did you do any canvassing to see how many companies offered those positions already? >> companies are increasingly traditionaltretch staffing models to allow them to better resource there organizations through peaks and valleys. some we are getting breaking news on samsung. the u.s. government is banning all samsung note 7 fonts from airline flights. they have burst int

procter & gamble up over 4%. company has also completed divesting more than 40 beauty y this month. general motors off by .7%, it did have record profit in the third quarter. huge demand to hear in the u.s., huge luxury vehicle demand over in china. the revenue jumping 10%. we did get some color about brexit from the cfo, saying is going to cost them about $400 million in the fourth quarter. clawing its way higher, up .3%, despite the fact the company cut 2016 revenue forecast. saying next year is not going to be that much different than this year. but the big loser of the day is under armour, off by 14%. at one point in premarket, he was off by 18%. the long term forecast is renewing fears that the growth finally the company has blowing. it now expects revenue to increase in the low 20% range during 2017 and 2018. that will be the slowest pace since 2009. which brings us to the big earnings story of this quarter, which is how much will revenue forecast it and earnings forecasts become for 2017. this chart from u

procter & gamble better than expected. the markets are looking up. should point out this is the height of the morning. now looking up 10 points or so. we've seen solid under way and that is what is happening right now. watching the markets closely. granted it has she was aggressive changes including thousands of job cuts. part of an effort to win plants for the lender. a passive%. the dax up a quarter of 8%. we do have economic data better than good. as you see there, krispy kreme gets diesel. shaquille o'neal comes on board of krispy kreme. days before the press to lunch and to that is confirming this morning a double-digit increase in premiums. napster was an increase of 25% from the double benchmark plans for the department of health and human services. the announcement days after zeke emmanuel on this program a few days ago, one of the architects of obama cared insisted it was huge improvement. watch. >> every economic analysis shows you the one they had caused by inc. said monday it is not health care because health care costs have come way down

. >>> procter & gamble ceo taking the helm near a a year ago.in an exclusive interview. she joins us now with the highlights. pretty smooth. pretty savvy, sara. >> reporter: yes, joe. good morning. from your hometown, my hometown, and the hometown of procter & gamble. you mentioned david taylor took over one year ago. the stock is out performing the market and the entire consumer staple's industry. they have seen marked improvement over the last few quarters. topped off by this recent quarter 3% organic growth was the best in years. but overall sales are flat due in part to macroeconomic headwinds and what the ceo calls a flattish u.s. consumer. i asked him what is holding the u.s. consumer back right now. listen. >> i think there's a lot of things. i think there's concerns. there's uncertainty. the economy is growing but not growing fast or slow. i think we're in a relative ly flat period of time time now some stimulus will hopefully drive better growth. relatively consistent modest growth u.s. >> reporter: he also dismissed analysts that it wo

they dried coconut meat to make soap for procter & gamble. eaten and his wife were in 1914. this is one of my very favorite pictures, and i will just say a few words and turn things back ue.r to s this family is in the gilbert islands. they are cannibals. them, andehow gets one thing you'll notice about them -- they have on all their finest jewelry and decorations, but what they all have is a cigarette, or a pipe. tobacco is money. they are showing you a new rolex, a new porsche. london gets it. if you look at it, you have to understand he was flat on the ground to get that shot. he often shoots up to enable them. they were saved by the local missionary. all in the solomon islands. and there is jack saying goodbye with his camera. thank you. [applause] ms. hodson: i just want to utter a half dozen words to sum up the entire show of photography. was london's literary idol the novelist joseph conrad kent conrad wrote "my task is before all to make you see. that, and no more, and it is everything that if i succeed, you should find there, according charm, all yous, demand, and p

tomorrow on "squawk," and in between that we have eli lilly, and the ceos of procter & gamble and homethat starting tomorrow at 6:00 a.m. and "squawk" returns in a moment. ♪jake reese, "day to feel alive"♪ ♪jake reese, "day to feel alive"♪ ♪jake reese, "day to feel alive"♪ prge! a manufacturer. well that's why i dug this out for you. it's your grandpappy's hammer and he would have wanted you to have it. it meant a lot to him... yes, ge makes powerful machines. but i'll be writing the code that will allow those machines to share information with each other. i'll be changing the way the world works. (interrupting) you can't pick it up, can you? go ahead. he can't lift the hammer. it's okay though! you're going to change the world. this car is traveling over 200 miles per hour. to win, every millisecond matters. both on the track and thousands of miles away. with the help of at&t, red bull racing can share critical information about every inch of the car from virtually anywhere. brakes are getting warm. confirmed, daniel you need to cool your brakes. understood, brake bias back 2 clicks.

procter and i, gamble, clinton foundation family necessary america from thirst, to the tune f millionsf people were helped. it's done amazing things. will inton had said they disassociate from it when clinton wins. when people compare trump and the clinton foundation tis not apples to apples comparison. a scam.iversity was trump university took to rehard-working americans deliver a false product. it told them they would have a help them and ld clearly didn't. the trump foundation looks to be using money raised through -- pretend to be charity things like, you know, portraits of donald trump, company lawsuits his got into, giving out political contributions in florida, for to an attorney general who was looking into trump university. apples.is not apples to one of the first callers said, ou look closely over the 40 years or 50 years of trump be nothing business, you have a lot of pattern, false promises, a lot of deeds that most business leaders would never do, and then a lot, so nconsistent with current rhetoric, his people have been talking about steel workers, but china to d steel fr

procter and i, gamble, clinton foundation family necessary america from thirst, to the tune f millions of people were helped. it's done amazing things. will inton had said they disassociate from it when clinton wins. when people compare trump and the clinton foundation tis not apples to apples comparison. a scam.iversity was trump university took to rehard-working americans deliver a false product. it told them they would have a help them and ld clearly didn't. the trump foundation looks to be using money raised through -- pretend to be charity things like, you know, portraits of donald trump, company lawsuits his got into, giving out political contributions in florida, for to an attorney general who was looking into trump university. apples.is not apples to one of the first callers said, ou look closely over the 40 years or 50 years of trump be nothing business, you have a lot of pattern, false promises, a lot of deeds that most business leaders would never do, and then a lot, so nconsistent with current rhetoric, his people have been talking about steel workers, but china to d steel