we have about a half of 1% gain on procter & gamble right now.r brbarbara bush. maria sat down with george w. bush and laura where they spoke about their memories and addressed key issues facing this world manufacture one o. >> one of the things we worked on from the beginning is how to empower women, that if half of the population is left out of the country you see a failed country. that's what we saw in afghanistan under the taliban. >> we think woul women will leae peace movement. >> dagen: more of the interview straight ahead. a home bursting into a fire ball. a new video shows a police officer narrowly escaping the explosion after a vehicle crashed into the home. watch this. [sound of explosion] >> dagen: we'll show you more of the video. big changes coming to the nfl. why east coast fans will be cheering the news. the rise of the robots, while there are concerns about taking jobs, there's one task no one will complain about, assembling ikea furniture. now there are machines that can do just that. and then targeting trade, president trump an

i just want to point out when i say staples, i'm not referring to procter & gamble. look at philip morris right now. it's like the worst day for the stock. >> since '08 at least. >> so, you've got all of these big sectors in the market that the whole investment piece was predicated on. they're not going to shock you and you're going to get a decent dividend because rates are zero. rates are no longer zero >> josh, is there a piece of your portfolio you're now ready to put into a u.s. treasury bond because of the current yield >> we maintain a constant -- >> but not any more than you used to have >> we don't own treasuries just for the return we own treasuries because they act as balance olast which wille us the ability to add more stocks. >> you can bet if oil bumps over 70 bucks we're all of a sudden talking about that every day the impact on the consumer, gas prices >> i disagree with that. i completely disagree with that. oil prices since 2014 have traded well below their historical norm. and we heard about the advantage that was going to bring to the consumer whe

. >>> procter & gamble buying the consumer health business of germany's merck kgaa for 2$2.4 billion. that's the german merck, unrelated to the u.s. company of the same name. those two companies have sparred over the use of the name for 125 years. that deal, which adds vitamins and supplements to procter & gamble's lineup of over-the-counter medicines is one of the largest in recent years. procter & gamble is also moving up its earnings report to this morning. >>> president trump and japanese prime minister shinzo abe agreeing to step up trade talks. they held a joint news conference at the president's mar-a-lago home last night pretty nice room i was looking at some tweets, eamon javers they had one of those things over the president wish the east room was this nice were you in that room? >> i was not in the room mar-a-lago is a very nice place. >> some of your colleagues were in there, weren't they >> yeah. >> i thought i saw you in there. maybe like a where's waldo back there. >> no, probably another handsome guy you saw. >> you were on the 16th tee? where were you >> i was here. w

. >> procter & gamble sort of put a bow on it. made a 52-week low today that's not an insignificant company. and what's really interesting is the top of the stock was top ticked the day nelson announced he was taking a major stock if you recall i remember the day and i remember it was trading with a 92 handle. look at it now. >> if yields cross 3% next year, all these companies in line to better than expected earnings, what's the overriding reaction of the market? >> every strategist we've had says 3% is the number. >> for the year. >> but that's -- that's the number that they will start to adjust their estimates, their earnings estimates and adjust their year-end targets at 3% so i think psychologically -- whether we're at 2.95 or 3.01 really doesn't matter to the economy. but 3% for strategists, that's important. >> yes, it's a big event and we've all been waiting for it. we've been in a declining rate environment for what seems like forever. if you look at the trend lines, they're all nothing but lower. lower and to the right b

a promotional video from procter & gamble, one of the companies supporting the new initiative.stic collected on beaches. the bottles are grey, because they contain recycled material. the company says the public are demanding change. consumers, people are out there talking about the role of plastics in packaging, the role of single plastics and single use plastics. so the debate is very topical at the moment. i hope it's notjust a one—hit wonder on the topic. i hope we will continue the discussions. this is all about trying to prevent plastic items like these from entering the rivers and the oceans. the overall aim is to try to cut plastic pollution by 2025. some products are difficult to recycle, because they are made up of more than one type of plastic. so one target is for 100% of plastic packaging to be ready for recycling, reuse or composting. and because some manufacturers use new materials rather than plastic that has been used before, another target is for new products to contain 30% of recycled plastic on average. so a lot of challenges lie ahead. for a start, increasin

compete with digital rivals like google and facebook, as well as lower revenue from companies like procterble. as for the company, the next person in charge certainly faces many challenges. right now the wpp chairman has taken the role of executive chairman until a replacement can be named. thank you so much, and we will see what kind of impact this has on the overall media and advertising industry. the us has added india to its list of countries that could be designated currency manipulators. us treasury department's designated currency manipulators. us treasury department‘s semi— designated currency manipulators. us treasury department's semi— annual report also has china, japan, germany and switzerland on its monitoring list. this list places countries on notice that their currencies and other economic policies have put the us at an unfair disadvantage, and that they could be close to triggering sanctions. china's currency policy us debt holdings and economic growth will be in focus this week. on tuesday the world's second—largest economy announced its latest gdp numbers, and earlier i

. >>> procter & gamble will acquire merck's consumer health unit for 3.4 billion euros the move means p & g will add further vitamin and health products to the existing portfolio. merck makes around $1 billion i annual sales from 10 core brands that it sells in more than 40 markets. it put the unit up for sale last year to focus on the pharma business, particularly prescription drugs procter is due to release its quarterly results later today. feel free to e-mail the show about some of these numbers. the address is streetsignseurope@cnbc.com you can follow us on twitte twitter, @streetsignscnbc or tweet me directly. >>> coming up on the show, the international monetary fund warns global debt is higher than before the financial crisis. stay with us racing isn't the only and with godaddy, i'm making my ideas real. with godaddy you can get a website to sell online. and it will look good. i made my own way. now it's time to make yours. ♪ everything is working just like it should ♪ you know what's not awesome? gig-speed internet. when only certain people can get it. let's fix that. let's g

isiette: procter & gamble buying the consumer help business from merck in a deal that enables proctermble to expand its health care business by adding to its over-the-counter products. merck put together enough for to concentrate on new drugs. the tumult at the top of deutsche bank that led to the ousting of ceo to acquire last week has now claimed its chief operating officer and head of investor relations. with the bankear will end at the general meeting on may 24. the bank announced in a memo to employees that john andrews is leaving because of the recent management change. credit suisse and ubs earned talks about combining some back-office functions to cut cost, according to people would knowledge of the matter. arezerland's biggest banks in early stage negotiations about cooperating in areas such as liens, settlement, and trade processing. representatives of both lenders declined to comment. that is your bloomberg business flash. for u.s. bankek earnings continued with morgan stanley reporting a record quarter yesterday. burger withs any the details reported by the sector. what ar

procter & gamble said higher commodity costs affects them caterpillar said field costs were higher. this is a theme now. it's going to be an issue going forward. finally, another big issue, consumer staple stocks every single day, we're seeing consumer staple stocks hit new lows, pepsi, procter & gamble, all of them down 20% this year of course, brand issues are out there, and, of course, inability to rise prices and commodities an issue for them. the good news, it's cheaper, s&p is at 16.5 multiple now, the lowest it's been in a while. guys guys, back to you. >> nasdaq down close to 2%, 1.6%, let's go uptown to bertha coombs for what's driving the nasdaq >> thank you it's a large cap driven selloff here chipserlower if you look at spyder tech xlx, that's the big driver, big names, led by fang today all of them selling off. alphabet, despite pretty good results coming on its earnings, look at that, off more than 5% at this hour, and you've got a number of these winners getting sold traders say, yeah, earnings are great, but the feeling is what's the next catalyst? we heard a lot of

and global economy and the question is how procter & gamble, a giant of the industry, can fight back, in recent quarters >> right interesting because personal care as a category, look at estee lauder, they outperform broader consumer staples i know it's just a piece of procter & gamble. >> activist space broadly, throughing that in the cross hairs. >> rebuffing that offer. it's a slow growth >> right >> the companies have got so big, a lot of costs that come out, and a lot of mergers and ag sessions, and, you know, they are lagging in terms of growth >> big week for earnings, no doubt. >>> now time for a cnbc news update >> here's what's happening right now. bill cosby's chief accuser says she wants justice in the entertainer's sexual assault trial. andrea confronted cosby in court maintaining her story telling the jury cosby drugged and assaulted her at his suburban home in 2004 and said she was given three bill blues thousands of palestinians gathered in israel and the gaza strip to protest its closing one man was killed by israeli fire this is the third mass rally in the last two w

procter & gamble is raising its quarterly dividend by 4% to almost 72 cents a share.he secondear the consumer giant has increased its payout to shareholders. the sharesere off ten cents to finish at day at 78.27. karnivele a cruise line increased its dividend by 11% to 50 cents a share. in addition the company said i was launching a $1 billion share buyback program. shares rose nearly 1% to 63.64. jetblue proreported improved operating metrics for the month of march. it reported an upbeat first quarter. shares fell fractionally to $19.33. and aer the bell, bed, bath & beyond reported a smaller than expected drop in same-store sales. they alsoer del an earnings be and those results were overshadowed by the company's weak 20 earnings guidance. shares fell in after hours but finished the regular dayp more than 1% to 21.50. >>> well, fidelity is overhauling the way that it charges you for financial advice. according to "the wall street journa" the company is simplifying its fee structure. t that could result in some people paying more and others paying less. we're joined

in gamble earlier -- of procter & gamble earlier. that is only with the vast command experience, then we have secretary shulkin who has managed large medical organizations, and each one of them has had problems. the top of issue at finding someone to lead this organization effectively for enough. of time that there is stability of time enough period that there is stability there. >> there are a lot of different people with different backgrounds and that is probably why we are getting statements from editors looking forward to meeting ronnie jackson. bob mcdonald had the my da initiative which went on for a couple of years. that's when david chilton took over and that was dropped out. david chilton's big idea was this new multibillion-dollar project for electronic health records. it is unsure what is going to happen with that now. it seems every secretary coming in as a big idea that they start and it doesn't quite finished. that is even concerning how long this confirmation process will bringing someone in, president trump appointed

we have they had a procter & gamble not too long ago. that was one model, we had secretary'sseki, golden who has managed large medical organizations and each one has had problems. what is the issue finding someone to leave long enough -- lead long enough for stability? >> we have had different people. that may be why we are getting uniform statements from senators on ronny jackson. bob mcdonald had the initiative that went on for a couple of years. then david shulkin took over. david shulkin's big idea was this new, multibillion-dollar project for new, electronic health records. we are unsure what will happen with that now. it seems every secretary that comes in has a big idea that starts but does not finish. even concerning how long the confirmation process will take, is that delaying reforms in the v.a.? president trump appointed someone from the d.o.d. to come in during the interim. what is happening at the v.a. now? are they continuing with david chilton's plans? it is uncertain. a lot of veterans are concerned progress has slammed t

procter & gamble, all the other advertising agencies, they go directly to places like google now. and go and see and do some in that is in line with this new world. thank you very much indeed. cornelia, we will come back to you later. just to say, actually, sirmartin did agree to you later. just to say, actually, sir martin did agree with me that he would come in and do their slot on the breathing. maybe he will do that in the future. that invitation is still open to you, sir martin. the islamic state group says it was responsible for killing two christians and injuring seven more in a targeted attack in western pakistan. officials said the assailants in quetta, capital of balochistan province, shot at worshippers from a motorbike as they left church. tim neilson has more. they were leaving their place of worship when they became victims of terror. gunman on motorbikes, a p pa re ntly terror. gunman on motorbikes, apparently from the so—called islamic state, opening fire on these people as they left church. —— gunmen. translation: the injured people belongs to the christian commun

trouble last week here in germany merck announced that it plans to sell its generic drugs business to procter and gamble but at a much lower price than originally had planned so many people here were convinced that the prize that because they knew it was about to pay for acorn more than four billion euros was simply too high. in frankfurt thank you. and as dr brian and some breaking news we have this news just coming in christophe a belgian court has found. guilty of attempted murder now he is the only surviving suspect in the two thousand and fifteen paris terror attacks he's on trial in belgium for a police shootout while he was on the run obviously on is in custody in france right now awaiting trial over his role in the paris attacks. and we'll have more on that in our next bolton let's get to some sports now and sunday's late abundance like a football game cologne did battle with shall cause the billy goats have had a catastrophic season to face relegation but second place have a historically poor record against the long. where there's life there's hope and cologne are still just about ha

we have heard from procter & gamble. making the packaging recycla ble gamble.le future to have a minimum of 30% recyclable parts. making sure it doesn‘t leak out into the environment, as well. why will it ta ke environment, as well. why will it take seven years? seven years isn't actually long when you think about the investing into the infrastructure. we can start, we will be starting the delivery from tomorrow, and their droppings you andi tomorrow, and their droppings you and i can do in terms of helping towards these targets. —— and there are things. let‘s try and recycle a few more bottles per household every week. that‘ll help deliver those targets. you told us our recycling rate is a5% at the moment. is that right? for plastics, yes. that's bad. well, it needs to be a lot better. this is the cycling from households, on the go, businesses, restau ra nts. households, on the go, businesses, restaurants. the pact is ambitious. —— disses recycling from household. the strength of support from government and leading businesses means we have a great collaboratio

procter & gamble agreeing to buy merck. vitamins and the congestion can hasten to come back. burke, good to see you. companies trying to distract wooing them with cash. heather: when you talk about unilever and nestle, you were talking about huge consumer product conglomerates that it had a slowdown in organic growth in the past two years, especially with weak pricing power because of customers going to amazon and these companies have to rethink their business model. unilever has -- was purchased by kraft heinz last year and nestle had a stake taken. they are trying to get low growth businesses, they are trying to snap up healthier products and giving cash is a way to keep shareholders happy. things,ook at the main they still have to boost organic growth, especially the pricing that is why the shares have had a lackluster result. mark: shire, what a day. one minute it is to cana and shire is rejecting it in the next minute we have allergan interested -- takeda and shire is rejecting it and in the next minute we have allergan interested. heather: we have seen a lot of help in

procter & gamble is acquiring a consumer help business. trillion in products like vitamins and food supplements. space x launch the planet into space with its falcon nine rocket, the $330 million satellite nicknamed task follows in the footsteps of nasa's kepler mission would show scientist how common xo planets are earthlike planets are. they will pinpoint thousands of new plans for the other telescope to look at the house explosion in texas as the police arrived with ourselves. treated for minor injuries. cheryl: well, danica patrick may be calling it quits on the track. i conduct would danica and asked her about part 2. >> when i announced to retirements from full-time racing meant that i was going to be at daytona 500 last year, was for sure emotional. you can't race day is more emotional than i expect. go daddy on the car with the indy 500 have that be the very last race, where it all started. >> even go daddy about a long long relationship when you are together in a part. how bittersweet is that what the car, with sponsorship, everyt

of the products on their shelves come from just 100 zeballos, these are the large multinationals, procterng additional volume by selling to both sainsbury's and asda, what of course there will be increased pressure to offer better prices. do you think the suppliers will be worried about this? will they be lobbying the cma... unquestionably they will be worried by the interesting thing was, prices were said to come down by 10%, what does he mean, in sainsbury's? are they going to line up? there are a lot of questions to answer in terms of price. they said they will keep the two businesses trading under the current brand name. if you are in charge, would you do that? is my opinion, over three years, four years, there will be one brand. one head office, lots ofjob losses, and then dart-mac the whole point is to say. i think this is all a bit right now. in the long game, one brand, and one company. can store closures? they have been reporting they have just invested too much, basically. they have overexpanded. they did and they said this morning there would not be any store closures, but of c

remember when procter & gamble was immune to the environment. i just got my dollar shave club. be shipping today. this shave care, organic decreased low single digits primarily due to pricing reductions david, this is the gillette promise. it's too expensive. >> and it has been, trying to get it out of the darn case when you have to have someone come over and unlock it for you. >> some person to open that case. >> not a good thing. >> overall, nelson peltz on the board. the first board meeting took place an hour ago. i don't know, do you think he makes a difference here? tell me about the german merck deal >> european's -- >> europe's merck. interesting because a few weeks ago i reported they were the lone surviving bidder although the price differential was enormous for pfizer's much larger consumer unit and pfizer wanting as much as $20 billion and p & g not near that price and that is not going to happen and i don't know what pfizer is going to do with that unit all of the bidders are gone. >> i guess -- but p & g does that's a sizeable acquisition. >> unilever which a quart

focusing more on health care and pharma, germany's merck, selling consumer health business to procterthem exposure to key markets like latin america, asia. merck up fractionally on the news that's your european update. >> thank you very much, seema mody. >>> amazon's reach, what 100 million prime subscribers reveals about the e-commerce giant. we'll hear from former treasury secretary jack lew >>> "squawk alley" continues in a minute i we worked with pg&eof to save energy because wenie. wanted to help the school. they would put these signs on the door to let the teacher know you didn't cut off the light. the teachers, they would call us the energy patrol. so they would be like, here they come, turn off your lights! those three young ladies were teaching the whole school about energy efficiency. we actually saved $50,000. and that's just one school, two semesters, three girls. together, we're building a better california. >>> mourners are gathering to remember the oklahoma city bombing victims. timothy mcveigh parked a van full of homemade bombs outside the building that destroyed a th

kimberley-clark and procter & gamble i think inflation is becoming an issue in the market. are down 3% or 4% today. all are essentially 10% or more. then every single day consumer staple stocks with new lows here again, 52-week lows at least in all the big names and there is no big leadership coming into take the place a few energy stocks hitting new highs and those are down today that's not enough to move the market for it. while president and president macron were talking, they were interested in iran we dropped 150 points while they were talking about iran. they'll have much bigger problems than they ever have before i don't know how much it will play into it i got questions about it i am sure it did not help the markets overall. a lot of issues for the markets to digest now. >> to rick santelli. the bond report. we got an auction of this. rick santelli is processing all of this for us the two-yr note auction, i gave it a two minus that's a highest yield in an auction since july 2008. we saw two-yr note yield the short end should have more attention and draw right now co

procter & gamble delivered subpar 1% growth and talked about some vicious competition particularly in grooming, think gillette the stock got shelved finishing down 3%, pretty amazing for them nasty and anyone in their line of fire got mauled as colgate and kimberly-clark know all too well morgan stanley slapped a sell on them it daaled the valuation a stretch. it's a lot less stretch with the stock down 6%. even the tobacco companies got pounded. we thought they were immune. philip morris, the huge international sell willer marlboro had a shocking drop and stock plummeted 16%. altria got laid to waste falling 6% and the whole world suddenly realized they make cancer sticks who knew there was disruption as e-cigarettes are taking their tall on the fatal attraction to ordinary tobacco when you're in these consumer goods conference calls, they're so bad you have a constant theme running through, inflation it's usually centered on freight and not enough driver to take the goods to the factories inflation is hard to ignore when oil is challenging 70 bucks on a tear of course today is the d

procter & gamble, pepsico. facebook sells for 19 times next year's earnings, even as it's going at a breakneck pace up 60% in the latest quarter. why so cheap because big money managers are convinced something bad will happen and that they will run into a retaining wall either here or europe if you thought zuckerberg's appearance in congress was painful you should see what happens when he didn't show up in britain this google, i know i spent a lot of time talking about it last night well, it was up 20 bucks and then after the close today, it was up even more i come back and say if you want the cheapest and the f.a.n.g.s now it's probably google now alphabet facebook had a help in tech land today. but you know what else worked service now one of our cloud kings reported fantastic beat and roared 7 bucks and, you know what, amd gave you a strong number and the stock zoomed 13% more on that later let's not bury one of the lede amazon was up, $1.27 instead it printed $3.27 i've never seen a beat -- this is the bigg

. >> caller: my stock is pg, procter & gamble. >> 3.7% yield. >> buy, buy, buy >> nelson peltz is on the board. can't wait to talk to him. it's gotten too low. can i speak to dale this florida, please. da dale. >> caller: i'm a retiree from buffalo, new york and want to give you a buffalo boo-yah >> i'll give you a shoutout to the bebouts from >> caller: my question is united bench shares the stock kind of slow -- has been slowing down and me meandering >> it's been hostage to the big banks and know that in 24 hours. dean in texas, dean. >> caller: yeah, a big east texas boo-yah to you and thank you for all you do. >> i'm a natchitoches guy. last quarter was bad i don't need you in irobot it's too hard to own mike in california mike >> caller: boo-yah, jim. i want to talk about valiant pharmaceuticals. long-term investor. >> i think he's doing a great job. it's been challenged people think maybe he's got to do more as set sales i'm with joe here. i think i don't want to sell the stock at 16. i really don't i know that's a controversial view jack >> caller: big boo-yah from ohio thank

we'll show you how global markets are reacting >>> dow component procter & gamble announcing a deal inusiness and the company is moving its earnings release as a result to today. >>> and are alpha males better at delivering alpha? we have the results of a new study on testosterone levels and investment performances as well as hair growth that's thursday, april 19, 2018. "squawk box" begins right now. ♪ >>> live from new york where business never sleeps, this is "squawk box. >>> good morning, everybody. welcome to "squawk box" on cnbc. we are live from the nasdaq market site in times square. i'm becky quick along with joe kernen and mike santoli. let's look at the u.s. equity futures. yesterday there was a bit of a pullback in the markets. only the slightest one for the dow. you did see the s&p 500 and nasdaq slightly higher mixed day. you can see that same story carrying out this morning in reverse. dow futures higher, up by 12 points s&p seeing a slight pullback of 1.5 points same story for the nasdaq. we'll see as we continue to get earnings in how this shapes i. look overnight in as

procter & gamble is adding over-the-counter medicines to its lineup.ing new drugs. a $7.4r is planning billion share buyback. it is a way for the company to as mass-markets brands such as dove scop -- dove power.e -- lose buying first quarter sales of nestle got a boost from americans spending more on pats. -- on pets. in the united states the pet care business improved and there was stronger demand for foods and online sales. the sale of nestle's american confectionary unit weighed on the results. much.ne: thank you so we are looking at live pictures of london. we do also have the queen and .rince charles they will talk about further integration or them splitting up. i will bring you data from the u.k. we are a lot of snow in the u.k. as in the u.s. for march.s plunging my view of the commonwealth event here and of seeing the queen, how affected it is by the netflix show "the crown." the fiction of netflix and then you fall it over to what the families going through right now, i have no idea what to make of it. francine: we were trying to figure out w

a promotional video from procter & gamble, one of the companies supporting the new initiative.manding change. consumers, people, are out there talking about the role of plastics in packaging, the role of single plastics and single use plastics. so the debate is very topical at the moment. i hope it's notjust a one—hit wonder on the topic. i hope we will continue the discussions. this is all about trying to prevent plastic items like these from entering the rivers and the oceans. the overall aim is to try to cut plastic pollution by 2025. some products are difficult to recycle, because they are made up of more than one type of plastic. so one target is for 100% of plastic packaging to be ready for recycling, reuse or composting. and because some manufacturers use new materials rather than plastic that has been used before, another target is for new products to contain 30% of recycled plastic on average. so a lot of challenges lie ahead. for a start, increasing the amount of plastic sent for recycling may depend on the government laying down the law. that's the view of environmen

i auditioned for 29 years before i became the ceo of the procter & gamble company, fortune 25.an put a new ceo in every four years or every eight years, and drive sustained succe success. our veterans deserve better. >> robert mcdonald the former secretary of veterans affairs under president obama who had a remarkable amount of support from veterans groups at the time that donald trump decided not to keep him on. va is an incredibly vulnerable spot right now. i hope you're one of the people they're talking to about how to make things better. >> i'll answer the phone. >> all right. >> thank you. >> tell me. >> i will. we'll be right back. stay with us. ( ♪ ) it's the details that make the difference. only botox® cosmetic is fda approved to temporarily make frown lines, crow's feet and forehead lines look better. it's a quick 10 minute treatment given by a doctor to reduce those lines. ask your doctor about botox® cosmetic by name. the effects of botox® cosmetic, may spread hours to weeks after injection, causing serious symptoms. alert your doctor right away as difficulty swallo

procter & gamble is buying a consumer health business and a 3.4 billion euro deal, enabling png to expand consumer health business by adding a fast-growing portfolio brand. they put the unit up for sale last year as it seeks to pump money into testing new drugs such as new medicines. that is your bloomberg business flash. guy: thank you. let's stand switzerland. lowfrank is at a three-year is at a three year low. weakening swiss currency go? good morning to you. he talked about a tsunami, trade around the world. was he right to make that protection? morning and looking back it was not a big problem for the company. they kept on complaining about the situation but they have always adjusted. had fourtrength we decades, very strong currencies and companies had focus on high value added activity and to go outside production with their sourcing relatively early and keep it on things like research ,esign, here in switzerland this is an expensive place to produce. it has led to high cash flow returns for the companies and a good performance and equity markets. over the last three or four years i

secretaries, one was an arm a chief of staff, secretary mcdonald was the former ceo of procter & gamble and they faced a lot of serious challenges with this. you're going to take a guy who is the white house physician and never managed more than a few dozen people at a time in his life and throw him in that crucible. not only are you setting him up for failure butt 20 million veterans in america up for failure. >> do your other veteran friends work you say they agree with what you just said? >> well, i can't speak for everybody but i've talked to a lot of people -- >> i'm sure you're having conversations. >> right. i've talked to a lot of veteran friends. people are quite shocked he would receive the nomination. especially people who have worked there. you know what working there is like and you know the challenges that the v.a. secretaries face. he doesn't have the political experience, the policy experience. it would be very difficult for him to be successful in that environment. >> what do you need from your own personal experience working there, what do you need to be a successful l

who come in and scrape that kind of data and use it to sell it off, use it for the comes like even procter gam e gamble, to sell you products. >> tony, what were you about to say? >> it's not even just malicious actors. the big question with facebook is what should it have done years ago when it allowed third party apps on its platform. one of the things we heard from zuckerberg when he spoke on that call was the company really didn't think it had a responsibility to ensure that those apps and others who were using data continued to use it right after they first asked for it. so this is one of the questions lawmakers are going to ask. why didn't they tackle this in the first place? >> we know we're going to get the dog and pony show. but lawmakers you talk to, do you get a sense of appetite for regulation? do you get the sense there are lawmakers on both sides of the aisle that want to use this as an opportunity to regulate -- heavily regulated new industry? >> i know tony will agree with me here but i don't think many lawmakers have a good grip on what the issues are. i really don't. i th

and the most famous one was when procter & gamble had what she considered to be a sexist advert saying and to the company themselves and they changed the advertising from being women to people all over america. i know is a great triumph personally, and also, put her on the road to a kind of activist career. and here is a clip, because it did make the news back then stop load i don't think it's right for people to grow up thinking these things that just right for people to grow up thinking these things thatjust mum does everything. if you'd see something you don't like on television or any other place, write letters and send them to the right people you can really make a difference for not just yourself but lots of other people. quite friendly, think her royal crest is going to be make the change, because that's her motto throughout her life. as she grew up, become an adult, she's carried on with that campaign. for someone who isa with that campaign. for someone who is a feminist, someone determined to be an equal, to be her own person, why is she wearing into the royal family? it's a r

bob mcdonald was a west point grad and ceo of procter & gamble. eric was chief of staff of the army with 1 million employees. this is like going from single a baseball to yankee stadium. this is a big jump for someone who is a white house doctor. now, maybe he's spectacular and maybe he can do it. it's probably unlikely and that's why we were looking forward to having rigorous confirmation hearings exposed. one ounce is true, he's done. that's clear at this point. >> what is the major issue, the biggest issue for the v.a. that needs to be addressed immediately? >> leadership. it sounds like a throw away. we had seven secretary nominees since 2011. it sounds like every two years i'm on cable tv talking about a new secretary nominee. >> has anybody lived up to the needs? >> bob mcdonald was generating a lot of momentum. at the end of obama's term, when president trump says there's nobody qualified, nobody can do this, bob mcdonald did it and most major veteran service organizations recommend he keep him on but he went with dave shulkin who was fired

you have seen this with procter & gamble and other big advertisers.platforms to go directly to consumers and i think it creates challenging for traditional ad agencies. david: what is the future of the ad agency? jason: the future is to do just what i said -- work with clients, figure out the changing landscapes of media technology and deliver more value, sell more products, and do so in a way that is responsible. get that right, you will have a successful business. alix: if i pick the right numbers, i can also win the lottery. jason: i am rooting for you. walter todd of greenville cap touch of greenwood capital is sticking with us. .hank you, jason we will bring you the latest read on retail sales, next. will consumers finally spend their tax cuts? this is bloomberg. ♪ ♪ alix: this is bloomberg daybreak. about 30 seconds to go until we get the retail numbers for the month of march s&p futures getting by about 15 wednesday the bond market is -- about 15cell points. the bond market is a much sell everywhere. we are hearing that the syrian risks of the

alix: we also heard that mark is selling their over-the-counter units to procter & gamble.deals. the generic drug business will be sold as well, and shire has agreed to sell its cancer units to a french company. can you walk us through the consolidation and the need for that in the drug space? eric: sure. as you said, there has been a flurry of activity in the sector really since early this year. it has been accelerating and we have had a $1 billion deal of day this week. all of these pharma companies are looking to optimize their portfolios. they are trying to get out of consumer health businesses. pfizer was unable to sell its consumer health business so far, but now merck has done so with a deal with png. that is something they are trying -- they're trying optimizer portfolios so they are stronger in research, in developing drugs that could be potential blockbusters, looking into areas like rare diseases, areas where the potential payoff is greater. , but also where they are more focused. that is what is driving a lot of this. and there are a lot of potential acquirers o

. >> that was some of the analyst commentary around procter & gamble. >> thank you so much.kedown in tech stocks continues, semiconductors raising alarm bells ahead of apple's results next week. plenty going on in this space to discuss. with dan.scuss thank you so much. preview that the we are expecting as far as apple is concerned and some of the noises in particular that we have had from asia. is that what we are seeing -- panic mode? >> yeah. when you look at apple in particular, the cab driver knew there was going to be a soft june quarter. now we are really seeing units come down to the mid-30 million for june. disappointing, but now the elongated cycle continues to push out, the numbers are coming down. now you really start to get a battle in terms of what the multiple is going to look like going forward and the buyback factored in. andou talk about this a lot you talked about it being a "prove me quarter required" for alphabet. i want to jump to tomorrow. the initial optimism and that is back as well. as far as you me are concerned? >> advertisement was strong which i

investors who live with rising rates,the realize inflation in corporate earnings, kimberly clark, procteramble getting long energy and short facebook, there's a mantra out there where investors may start to reposition their portfolios it doesn't mean the game is over but you've got to change how you're investing here. for a lot of companies you can have decent earnings growth, low regulatory environment, pro growth investment. there's a whole world of investment not just five or six names driving major market averages the last few years. >> thank you, ben and larry. i think you guys should collaborate on an ice cream sometimes, ben and larry. >> speaking of crazy market moves, i had a chance it sit down with the governor of the bank of japan, top three central banger in the world. take a look at his answer when i asked him about recent market volatility and what's driving it >> from february this year, the u.s. showed somewhat stronger than expected rate increase and improvement increase then along comes response quickly impacting stock market all over the world but now after some fluctua

was great yesterday and finally, staples are not doing much, not a lot of move here and pepsi and procter & gamble there and colgate-palmolive on the weak side >> thank you, bob pisani the market always keeps a close eye in washington for news on taxes or trades. cayla tausche is joining us with the highlights >> hey melissa, it maybe tax day, lawmakers made headlines this morning on trade deregulations and a whole host of other issues like the president's tweet criticizing current devaluation. here is how secretary mnuchin describes the president's tweet. >> wanting shots at china and russia of devaluation, china devalued their currency in the past and as a matter of fact, up to 2016, they devalued it significantly starting at 2017 right after the president was elected. they used a lot of their reserve to support the currency. the president wants to make sure they don't change these plans and he's watching it >> mnuchin was also asked whether he was optimistic the u.s. could have a trade war with china? >> larry and i were together with the president yesterday and as i said he's involved

his predecessor was the ceo of procter & gamble and look at the disaster the v.a.der these people. patients are dying because of wait times in clinics around the country. i have a case of a guy in colorado who tried to commit suicide and went to the v.a. and told he had to wait six months to see a therapist under the management geniuses running the v.a.. ronny jackson is not a management genius. i'm sure he can surround himself with managers who can help him manage the v.a.. he have is a combat medic. he was serving in a forward-deployed trauma unit in iraq. the guy standing there in a field when a helicopter was landing with severely wounded soldier blown up by an i.e.d. and he took him in the operating room, was covered in his blood as he tried to save this guy's life. there has never been a v.a. nominee who understands what our iraq and afghanistan veterans have gone through and the trauma they experienced and a they need for their transition than ronny jackson. that's the kind of attitude and experience that we need in a v.a. secretary. he can find managers to

. >> downgrade talking procter & gamble for a second what did people expect don't we know these companiesged why isn't this the surprise to spook investors? >> people thought 2%, so when you come at 1%, with growth margin pressure, why do i want to pay 19 times forward equity >> they are not. they are not great or washed out. >> i think it's a broader issue in that the broader issue with respect to perspective, okay the default buy to be defensive -- and the marketme t wants to be defensive. >> what do you mean? >> quality punches the majority of people have a a infatuation trying to call the end of the bull market >> yes, yeah >> the nay sayers have been as loud the last three months as they have been in the last ten years. same story, same song and dance to quote aerosmith, but from the perspective, the staples sector is challenged. for years now, talk about consumer cyclicals having a lot of capacity. guess what in the consumer staple part, a lot of the apacity, and the consistency of the earnings on a fundamental basis are no longer consistent you have a lot of different habits with r

procter & gamble and pfizer are down a little bit.ng the way with rebound is boeing, up nearly 3%. >> time for a cnbc news update with courtney reagan. >> here's what's happening at this hour. canadian prime minister trudeau says talks on nafta have picked up momentum and he's optimistic the u.s., canada and mexico will come to a trade agreement. >> we are happy to engage as much as they want to move towards a deal i believe we're in a moment where we're moving forward in a significant way. hopefully there will be some good news coming >>> the collapse of a crane sent construction workers running for their lives in st. petersburg, florida, nearly striking a man as it toppled over the construction site is to be the new home of the city's police department. no one was injured, luckily and the crane didn't damage the building >>> well, the ohio state university reached an agreement with you are man meyer on a new two-year contract. if agreed, it will keep him employed through 2022 and earn him $7.6 million this year and worth every penny

. >> no pricing power at all, so kimberly-clark said this, procter & gamble said this, and kimberly-clarkrs of eucalyptus pulp when is used in tissue paper. bathroom tissue paper, paper towels, that's why it comes from because it's very soft and people like it >> sure. and they warned it was going up. >> this is not a joke, eucalyptus pulp prices going up, and plastic wrapping as well >> expensive to eat if you're a koala now. >> all at 52-week lows, so, yes, interest rates are dominating the session, but there's other stories going on that are very important. now we'll get google and what they have to say >> banks, we are talking about yields pushing higher, they did not make a showing of it today >> no. i think the big thing about the banks is, yes, we're getting net interest income a little bit higher, but the loan growth is really anemic, basically one and a half -- they are not all in, but from what i see, 1.5% to 2% year over year, loan growth is disappointing, given the fact the economy grows so much, and all the liquidity keeping rates low, they could have taken advantage of that.

the most famous one was when the procter & gamble had what she considered to be a sexist adverts sayingalso it put her on the road to an activist career. this clip made the news back then. i don't think it's right for kids to grow up thinking these things, thatjust mom does everything. if you see something that you don't like or are offended by on television, or any other place, write letters and send them to the right people, and you can really make a difference for not just yourself, for lots of other people. i think ithink her i think her royal... make the change. always her motto through her life. as she grew up and became an adult, she has carried on with that campaigning. for someone who was a feminist, determined to be unequal, her own person, why she marrying into the royal family? her own person, why she marrying into the royalfamily? a remarkable paradox. you have invited me on the show this morning to talk about meghan markle but she is only of interest to people because she is about to marry a male member of the royal family. clearly, she about to marry a male member of the

we will talk to procter & gamble, they make things like fairy liquid and head and shoulders, about what'semove people regarded as having no right to stay in the uk. yesterday, the home secretary, amber rudd, told mps that wasn't how her department operated. a target of 12,000 voluntary departures of people with no right to remain was in the most recent inspection report into removals, published in december 2015. let's get more from jonathan blake. good morning, jonathan. there have been a number of issues that have arisen in and around the windrush issues, and this one specifically is to do with targets, isn't it, and state m e nts to do with targets, isn't it, and statements made by the home secretary which are now being challenged? yes, there are still a lot of questions for the government about how people who came from the caribbean in the 19705 perfectly legally were challenged about their immigration status and asked to prove it, and in some cases threatened with detention and deportation and denied services as a result. the home secretary, amber rudd, was facing questions from mp5 o

companies for so long made their impressions emtreatmently valuable when it comes to selling with procter now, in these settings, they're not bad. they can't sway public opinion i think that's a lot of the testimony next week with mark and hopefully with someone like jack dorsey the ceo of twitter, it's valuable. >> final question, we were all talking about this not as if it's the end of the either but an important questioning issue i just wonder, i know what the pulse, i just wonder whetheryo think that there is an entire generation of people who are looking at us talking about this and say, actually, i don't care that much. i don't care i'm happy to use these services, maybe i'll switch. maybe i'll do the privacy settings a little differently. i don't mean to see we're over stating it or under stating it i wonder what is happening here. >> i say talk to anyone abused or threatened on these platforms. i'm sure you, yourself, has had to deal with that harassment anyone who has had to see what's happened in the last years, not only the polarization of the eltiecon and issues around the alt

about it this way goobl back in march last year google showing ads from companies next to -- videos procterfor diapers baby food, that didn't effectuate business one iota this isn't going to affect facebook in my opinion very much at all obviously more transparency with that i think a good thing i really don't think that is going to change the trajectory of the business they already said they are going to spend 45 to 60% more, this year, in expenses, to go ahead and do a better job with this, that would be before data breach. >> you look at valuation i remember you saying you would rather buy facebook where trading no i versus for example amazon trading -- >> yeah facebook, if you look at factor, s&p trading 17 times. facebook trading 19 times earnings, revenue 35%. amazon trading at 100 times, going to revenue 30% that includes whole foods back that out in 20s, so amazon, by the way, last year, their margins in single digitals facebook operating margins 50%, 5-0. so you think about a company that is massively profitable has incredibly low evaluation more and more time spent on internet, ri