procter & gamble up 6.3%. 5%.hrony up almost 5%.oint out the mexican peso because we are seeing a steep decline. we were trading well below 19. we are now at 19.25 as we await comments from the secretary of state who is going to read a statement. still not quite sure what is behind the sudden weakness for the peso but sure it will become apparent shortly. british prime minister theresa may is gambling on a go slow approach to revive brexit negotiations. both want to keep the country inside the box longer after it leaves. explain the tongue twister. the european union says britain can stay longer after it leaves. what does that mean? >> confusing, isn't it? basically it means you have longer to negotiate a final trade deal. people say it will take at least three years, probably more, after the u.k. leaves the e.u. to get to the final and state. in the middle, there are lots of ideas to plug the gap. the u.k. has agreed to a 21-month transition phase. that keeps the u.k. in the e.u. in all but name so the rules and regulations still a

and they're offset by just a fantastic pair of rallies with procter & gamble and paypal. it seems the dow gained 65 points, s&p down and the nasdaq was off .48% it was a very ugly, beautiful session. if you want to know what's working here, it's the companies that can't be crushed by the fed or the trade war with thoin n. fairness, that is a shrinking group. i'm calling for a reprieve from the grind and we'll be at it next week. let me give you the game plan. kimberly-clark reports monday morning, procter & gamble gave us fantastic knobs, congratulations to david taylor. i have to tell you, it's going to be a tough one to follow. their sales picked up dramatically, the stocks surged 9% they very tough to own proctor gives people hope. let's see if kimberly-clark can keep hope alive. we also hear from hasbro they have been put through if worst of the toys 'r' us collapse i doubt the company will be able to transfer numbers yet. if they can't do it this quarter, they will do it next quarter. layoffs there? brian holder is fantastic. he's doing everything he can tuesday is t

on-air >> the come back for stock, volatility may continues as we expect they are relatively strong procter gamble economy that stock is up in the premarket, it had strong organic growth numbers we had a few headlines to head in the world of automobiles. ford is moving slower and mercedes-benz just cut its 2018 forecast i want to talk to jim about that >> sure. >> let's get to stocks right now, they're looking to rebound after sell-off yesterday you also had stocks bounced back over night in china. new data showing chinese economic growth of the weakest pace since the financial crisis. yesterday on closing bell, david solomon weighed in on the market >> i always go back to looking at the under lining economy, what's going on with the under lining company at the moment it is pretty strong from time to time of the gain given in the market it is not surprising that you see some selling and rebalancing. at this point, the under lining economy seems to be pretty good. >> the autosector would say different and housing would but other part of the economy are not strong and we are worried about chi

worked with procter & gamble in the us attorney's office. republican steve chabot is the incumbent have a burger represented the first district for 22 of the past 24 years. he is 65 years old. prior to being elected to congress he served as county commissioner and student council member and graduate of the college of william and mary and chase college of law. he and his wife live in westbrook. ohio app second congressional district runs to the eastern side of hamilton county east all the way to portsmouth. democrat jill schiller is the challenge are running a nonprofit focus on child literacy issues. he has a law degree from temple university, lives with her husband and two children in hyde park. republican brad wenstrup represented the second district for congress since 2013, he is 60 years old. part of politics he worked as a podiatrist and surgeon and rose to the rank of colonel in the

always good to see you >>> coming up, quarterly results from procter & gamble.o look at the stock quick which is basically unchanged there. dig through the results. "squawk box" will be right back. will it feel like the wheend of a journey?p working, or the beginning of something even better? when you prepare for retirement with pacific life, you can create a lifelong income... so you have the freedom to keep doing whatever is most meaningful to you. a reliable income that lets you retire, without retiring from life. that's the power of pacific. ask your financial professional about pacific life today. rebound following yesterday's slide. china in focus and its economy shows signs of slowing. the earnings parade continues. what you need to watch this morning. >>> breaking news. earnings news from the nation's largest consumer brand procter & gamble set to report results cfo jon moeller set to join us >>> and a look at the sector and names you need to be watching as the second hour of "squawk box" begins right now ♪ >>> live from the beating heart of business, ne

we will be getting earnings from procter & gamble and honeywell. futures are positive dow futures up 34, nasdaq up 15 and 3 quarters. lauren: flipping screen to europe, stock trade to go downside. cheryl: taking a look at asia, big news out of there, china reported poor economic growth bf a downward slide for china stocks there was jump, government taking big steps to reassure investors shanghai composite ended up 2 and a half percent. lauren: look at that. the lotto grips the nation $1.4 billion up for grabs, you do have a chance but you better know the odds before you buy tickets, fbn:am starts right now ♪ cheryl: we are coming at 5:01 a.m. in new york, friday october 19th, good morning, cheryl casone. lauren: always good to say it's friday. i'm lauren simonetti. pressure on china's economy, beijing is out with worst than expected read for third quarter, second biggest economy expanding 6 and a half percent, however, slowest rate of expansion since financial crisis back in 2009. cheryl: exports rose despite china's trade dispute with the united s

even better, procter & gamble. everything in your supermarket to stock the entire supermarket and detergent, to bass, you name it, they got it. came in with a strong earnings report early this morning up 7%. what would you say? stuart: procter & gamble ad 60 points and american express together. half the gain art to start. look at oil, $69 a barrel. get the average price for gas. i thought it was well on the way to $3 a gallon but it is slipping. this morning were at down to $2.86. here is something that is interesting. amazon heating up with serious so alexa, alexa played me this, can play your satellite radio music for you. i think that's a pretty good idea. >> great move. that's why they bought pandora the paper music but the big story for me is two words. [inaudible] howard stern is still around and is the driving force behind serious and you get this moved out to stay with cars but and i think it will work wonders. stuart: what are you talking about thinking is the mainstay of sirius exxon studio? >> absolutel

i hold procter & gamble. several of our clients have been in and are continuing to buy that name as well. >> good stuff. good stuff great to hear from you i hope you'll see us on the desk soon, cort >> courtney gibson joining us from chicago the najarians will run us through activity check out the s&p sectors. stocks rebounding today. s&ps up better than 35 led by tech nasdaq is having a big day as well every investor should ask questions. is our money in the right place? what am i really being charged? and is it eating into my returns? is my advisor a fiduciary? is he always a fiduciary? a good place to start is with an independent registered investment advisor. as fiduciaries, they live by a simple rule: always act in the best interests of their clients. that's why charles schwab is proud to support more independent financial advisors and their clients than anyone else. visit findyourindependentadvisor.com (clock ticking) (bell ringing) it's time. time for a new kind of cloud. the ibm cloud. the cloud that

good to have you with us. >> good to be here. >> procter & gamble had good numbers. & gamble, clorox, kimberly clark, trading above market multiples right now should we be paying above market multiples for the makers of face cream, toilet paper, and tissues? >> well, it depends on the company, so from a sector-wide basis, i agree, i think there's some valuations maybe you want to stay away from given some of the fundamentals i'd have to say the u.s. consumer is really being a nice boost to some of the companies in terms of their top line we saw that from procter but there are companies out there that i still think have value. right? and they have optically high multiples but they have very high growth rates. i'm talking about monster. constellation brands estee lauder which has a lot of exposure in china. wait until next week, they're going to have a very good quarter. it there are opportunities out there. >> how about the companies that are stables of brands, like the kimberlys, the procter &disinte generic competition. >> coca cola is the only big cap name we're re

we had netflix with a much higher subscriber growth than expected and then here on friday we had procter and gamble profiting from its beauty business that stock just on friday is up by a good eight percent american express being the second biggest winner in the dow jones industrial average they had a record that stock traded to the upside by almost four percent without those two called great companies probably it would have been lower for the day and if we look at the week here we did see some pressure especially and to gain knowledge of shares but for the dow jones industrial average off this three week a week so we had a slight plus for the first of for the past five trading days but here is the really big show gets going next week what's expected. you know that's when the fun really begins especially if you look at the. industry we will get numbers from microsoft from alphabet parent company from google from amazon from intel just to name a few and in the past two or three weeks we saw tremendous pressure on technology companies so it would be important for those to be earnings estim

sorts are also on from procter killed. it is it is expected the data to hold hold while on the phone. line restaurant you. reference things worse for his. countries like down down to feeling lines and role role. we are. one of the most. in us history. two hundred and fifty his mother manageable. using sees all the processes that are to the resignation of the rp rpg wash washington friday night a pardon martin on on overworld came. to two major accidents and cultural. lines and plots also for for many many fake fake jazz just eleven eleven thirty friday friday that he let the hong kong sky skakel. one of one of the leaders there's united on today's date stop stop downtown. reference. to the ready she shot or or should he should wash washington dot world. cardinal realiststically. it is always right [inaudible] he's always. she should get together. car car [inaudible] nine nine and tend to use can't can't readers hope hope hope hope you stop stop. them definitely. going to get from you. instead add in a letter. miles also of

today, procter & gamble, may be independent to it, seems to have gotten its act together, but nonethelessrong numbers. where do you come down on earnings and the forecast as well >> i think generally we are seeing some incident medications regarding in terms of tariffs, concerns around cost i think the problem is really three fold one, it does come down to the unknown of tariffs which i do think has more potential to bite 2019 keep in mind good earnings have already been discounted. and the problem is not earnings growth, it is multiple contraction, less willingness to pay for a dollar of earnings and finally, i think the point of tightening financial conditions is very important the real economy looks to be in decent shape, certainly tax cuts have helped. the problem for financial markets is we have a lot of asset classes that are stretched, there's some fragility in the system. it is about a stronger dollar wider spread, that will inflict some pain on certain asset classes, even if the underlying economy is doing okay. >> you wrote a note a week ago where you pointed out the best stock

consumer staples out performed after procter & gamble jumped on the strong earnings.ther big week for earning in the u.s many fangs will report on thursday including twitter, amazon and alphabet. i'm happy to say that anna joins us you are a tech expert as well in this all important tech week so what should we be expecting are you expecting positive earnings coming out? clearly all eyes will be what comes out wednesday, thursday. >> sure. one of the fangs that has reported already is netflix. the numbers were stronger. the subscriber numbers were stronger than expected and in initially it was met with very strong price action which eventually people got worried about. but on a fundamental basis the numbers seem all right super thursday, amazon, microsoft, intel and a few other reporting, a lot of them are exposed to ire rop there is a clear currency headwind is down for visa, higher gas prices will be a positive which is up almost 15% year over year. >> tech very much considered growth stocks as well. they have exhibited phenomenal growth profitability has been there

november 2 so i'm putting my scope -- i'm zeroing in on it. >> periscope. >> you listen to it -- >> procterble, yield is 3%. >> the stock was 70 in april but it's rallied to 87 27% move i think the good eating has been had so you shoot the duck. duck goes down, red duck sell. >> very graphic. >> i like what you did. >> carter is very decisive i like to point out -- this is first time that carter has played this game. >> you know what >> he did it perfectly. >> good for carter, mr. goodie two shoes he got it light. he was last in line after they changed the game on us in the middle >> no ducks were hurt in the formation. >> i don't want any e-mails from you duck loving people out there. >>> still ahead, facebook's coming to your kitchen, launching a new chat device called portal. should consumers trust mark zuckerberg monitoring their homes? >>> plus, a look at our cramer cam. tonight jim is breaking down the big winners and losers in the communications sector at the top of the hour. much more "fast" after this. place, the xfinity xfi gateway. and it's strengthened by xfi pods, which plug in

shares of procter & gamble are of most in a decade. posted unexpectedly strong growth in a key metric last quarter, organic sales rose 4%, more than twice analyst estimates. tv and health care were the big sellers. profit also was better than expected, held by billions in cost cuts. facebook has hired britain's former deputy prime minister nick clegg to run its global lobbying efforts. he is taking the job at a time when governments around the world are debating how to regulate the social network. clegg was at the heart of the british government from 2010 to 2015. that is your business flash update. vonnie: a story on my radar, everybody's radar at the moment, the mega millions jackpot in the u.s. the second largest in history, nearly a billion dollars. the unfortunate thing is, for me, i don't buy them if you cannot scratch it. jon: there you go, plain and simple. about the taxet implications, if there are winners at the end of the day. those are your chances of winning in front of us. vonnie: would you take a lump sum or spread over

we had netflix with a much higher subscriber gross than expected and on friday, procter and gamble profiting from its duty business. just on friday, it was up by 8%, american express being the second against winner in the dow jones. they had record revenue that stopped trading to the upside, 4%, without those two companies, the dow jones probably would have been lower for the day and if we look at the week, we did see some pressure, especially in technology shares but for the dow jones industrial average, we had a slight plus for the past five trading days. javier: but as the big show it's going next week, was expected? jens: that is when a fun really begins, especially if you look at the technology industry. from the parent company of google, from apple, from intel, just to name a few. the past two or three weeks, we saw tremendous selling pressure on technology companies. it would be important for those to beat earnings estimates for quite a bit and get a rosy outlook. we also got numbers from companies like boeing, ford, harley davidson, just to name a few. we could see what impact we mig

the group, procter & gamble are closing out the best week in seven years. >> the trend still hasn't brokenwas trading at 52 it was put on when the xlp was at 54. they have lost about a third of the value. it's important we get asked this question, you want to use a 50% premium stop 12% of the xlp let's see how it acts next week. keep it on a tight leash >> not so much staples are winning. but people are hiding there in a squishy tape i think the longer term trade is impacting. >>> mike said last month twitter's troubles were far from over >> obviously, we have had this huge, almost 40% decline i would ask you to watch this over here. and here and if you're a holder of the stock, you're wondering where is the bottom i was looking at the 30 put. $2.85. selling the 22 put against it for 55 cents n net/net. >> shares of the social media stock falling nearly 6% since the time of the trade. what do you do now >> we have a catalyst. i want to have a bearish bet on. we can take a little bit of the money off the table. take the 30 strike puts, roll them down to the 28. net/net, you're in 28, 22 spr

earnings in focus, we're waiting for results from procter & gamble.e one that moves markets. honeywell reported better than expected earnings and revenue this morning. political violence escalating, the congressional baseball shooting taking place over a year ago now but republicans are facing new threats every day. and the search for hq2 goes on, a new development in amazon's search for a second headquarters, the details coming up this morning with the stock trading up going into the open. lebron makes his laker debut, kicking things off with a slam dunk but the game not going l.a.'s way. we have all the highlights coming up. rean bowed ourihanna bowed out r bowl half time show. the golden girls cereal hitting grocery store shelves. it's selling out fast. that is great. all those stories coming up this friday morning. joining me to break it down, dagen mcdowell, kevin kelly and fox news contributor liz pete. great to see you this morning. >> good morning. i want some of that cereal. maria: me too. >> that's amazing. >> we're talking about amazon's hq

procter & gamble was up sharply higher. they put up a big beat. salesforce was very strong. sirona dental systems was up 6.5%. that's a double upgrade from goldman sachs. there is an early turnaround story in play for us a rodent. sirota. then there is china. chinese officials are calling for calm in the financial market. it's verbal support from the central bank, securities watchdogs, and regulators. they lookays before at serious grievances among the biggest trading partners. joining us is the managing director and assistant secretary. there has been a lot of talk in the last couple of days about what has the market moving higher and lower. be one thingill this doing that and that is trade with china. kim: i think so. it's the number one issue in public conversation and private conversation. most market participants understand the relationship has moved into more than a standoff. there is no serious high-level communication between the two sides. tariffs get a lot of the attention, the real struggle between the two countries will, when they tried to adjust china's industri

we had netflix with a much higher subscriber growth than expected and then here on friday we had procter and gamble profiting from its beauty business that stock just on friday is up by a good eight percent american express being the second biggest winner in the dow jones industrial average they had a record that stock traded to the upside by almost four percent without those two called great companies. probably it would have been lower for the day and if we look at the week here we did see some pressure especially and to get knowledge of shares but for the dow jones industrial average off this three week a week so we had a slight plus for the first of for the past five trading days but here's the really big show gets going next week what's expected. you know that's when the fun really begins especially if you look at the technology industry we will get numbers from microsoft from alphabet the parent company from google from amazon from intel just to name a few and in the past two or three weeks we saw tremendous selling pressure on technology companies so it would be important for those

thanks in part to a good report from procter & gamble that helping things out today.urse we've had a lot of selling this week. so maybe a little bit on the upside today by the close. here's a live look. dow jones up a little more than a half a per sent right now. 161 points to 25,541. the s&p 500 up .75% to 2789 and the nasdaq gaining the most to 7545. >>> apple's newest iphone is now available for preorder. the iphone xr has a lowest price tag than the xs and xs max. it starts at $749 and has a 6.1- inch screen but doesn't have 3d touch like the more expensive models. >>> and tesla has another car. a new mid-range version of the model 3. it costs $45,000 before federal tax incentives. that's about $4,000 he has than the standard -- less than the standard version. it can take you 260 miles on a single charge compared to 310 miles for the original model 3. i'm pam cook in the newsroom with a look at your dollars and cents. back to dave. >>> all right pam thank you. time is now 7:56. at the top of the hour, we're live in oakland at the scene of breaking news an hours lo

at the procter and gamble i mean this is a real problem people don't actually know what they own and so i write people are taking on a lot more risk than they necessarily think they are right and i mean this is a huge problem you've got of in fact. i'm going to pick it up for right that point i'm guessing by now stick around for the same as can do for this edition of the kaiser. we're going to have some on twitter as kaiser report you can download the app the r t app and watch our show on your phone as every taxi driver last vegas does so much time. on your phone pal dot com at that. time talking point enough. to know more i. am. in some kind and there is a trade in young girls souls into an underground sex in the street sometimes but the people they trust the most. and. i've been saying the numbers. matter the us is over twenty trillion dollars in debt more than ten white collar crimes have to teach this. eighty five percent of global wealth he longs to the ultra rich the point six percent market saw a thirty percent rise last year some with four hundred to five hundred three per se

at the procter and gamble i mean this is a real problem people don't actually know what they own and so i think people are taking on a lot more risk than they necessarily think they are right and i mean this is a huge problem you've got of in fact. i'm going to pick it up for right that point by now stick around for the same as can do for this edition of the kaiser. ever going to kansas on twitter it's kaiser report you can download the app the r t app and watch our show on your phone as every taxi driver last vegas does it all next time. so what we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race. and spearing dramatic developments only. exists i don't see how that strategy will be successful very critical time to sit down and talk. and you'll. come off that. type of time talking point now. in some plan. there is a trade in young girls sold into an underground sex in the street sometimes but the people they trust the most. i'm. a tough one. i don't have faith in this government official of president i don't have space in the system. i

this is a frankenstein economy this is a zombie economy and of course the pop culture reflects us as procter as was saying to the one nine hundred eighty s. the pop culture. guys is reflected in the market zombies are not in hollywood because we live in a world of zombies and because the zombie banks became zombies after eating the you know the basically the flesh the actual living beings that were the workers the productivity the wealth of all our pension funds and you know it's the zombie pension funds and there are looming frightening monster debt obligations that they owe their you know members of the pension fund that was feeding the zombies as well because as b.a.'s points out their analysis suggests that the increase is linked to reduced financial pressure which in turn seems to reflect in part the effects of lower interest rates so interest rates are so low pension funds gamble on the fact that they have an eight percent annual return most of their investment has to go into safe investments like bonds and the bonds are ever lower because it's evermore. basically returns that these pe

if you got the whole foods at the procter and gamble case i mean that this is a real problem people don't actually know what they own and so i think people are taking on a lot more risk than they necessarily think they are right and i mean this is a huge problem you've got have been backed you know it's kind of like i'm going to pick it up for right that point i'm guessing by now stick around for the same as can do for this edition of the kaiser proceed maximizer stacy ever going to kansas on twitter it's kaiser report you're can download the app the r t app and watch your show on your phone as every taxi driver last vegas does until next time. i don't have faith in this government official the president i don't have faith in the system i see i've got it so i'm just a broken system so that's a sign for people like. the poor different we all see john we also have. people inside out here on the end ballot two paychecks away from homelessness. you know world big partisan movie lot and conspiracy it's time to wake up to dig deeper to hit the stories that mainstream media refuses to tell more

selling more stock than were even printed or available for overstock you got the whole foods at the procter and gamble case i mean that this is a real problem people don't actually know what they own and so i think people are taking on a lot more risk than they necessarily think they are right and i mean this is a huge problem you've got of in fact. i'm going to pick it up for right that point i'm guessing by now stick around for the same that's going to do for this edition of the kaiser procedure maximizers they say ever going to kansas on twitter it's kaiser report you're can download the app the r t app and watch your show on your phone as every taxi driver last vegas does until next time. i know i can. palin. time told. in film palin there is a trade in young girls sold into an underground six in the street sometimes but the people they trust the most. and. i don't have faith in this government official of president i don't have faith in the system so i've got. the system designed for people like me who move. as long as there's. different people for different reasons the loss of job we

. ♪ i this is bloomberg debris, have your business flash, procter & gamble posted unexpectedly strong key metric last quarter. organic sales rose 4%, twice analyst asked -- expectations. also betters were than expected, helped by billions in cost cuts. ,hares and honeywell are higher trading beat estimates. lead from theng a private jet rebound and the energy business is helped by higher oil prices. and shares of michelin are down, the french tire maker has been working with a declining volume in europe because emissions testing standards are hurting car sales. that's your bloomberg business flash. alix: thank you. we are 10% of the way through earning season, the markets is greeting this with little enthusiasm. investors are wondering if we have reached the peak. earnings growth and revenue are set to slow, they are strong but slower than what we saw in the second quarter. >> i don't know for at a peak, to we might be getting close begin operating margins. if you take out the tax cuts you do have some good growth. >> despite this being a peak year with 10% growth next year that would

that is the same multiple as procter and gamble. it is not going to be growing anywhere near the rate or pace .hat ali baba is ali baba stated multiple of 19 times does not account for all of its investments in other businesses including six cloud business. alibaba is trading at a single digit multiple. that is the long multiple for a company that got tremendous secular tailwind behind it. those kinds of companies in your opportunity set, you are very unlikely to have -- to be present for a long time. >> do i pivoted into the life of ?aba at $.10 you look at the momentum trade which has started to come back. the look of the factors, the styles that are trading and those that are not. growth/momentum feels like it's coming back in. value is coming back in. george: this couple ofgeorge: trends that would support that. if you look at the spread between value and growth in the u.s. you are back at the spread level of where you were in 1999. that is an uncomfortable place to be if you are into those heavy stocks. those heavy growth stock

did you notice procter & gamble?to steal on their tariffs we have not seen many of these we don't know how material it is but just the fact they got an exception on the tariffs it waiting for comments, here is a big company. say something like tariffs ochlt you see it is down 2%. the conference call will be at 10:00 a.m. eastern time. hopefully they'll have something to say of the impact of tariffs and maybe we'll get more information going on ipos interesting one, trade is tomorrow here at the new york stocks this is a big producer of lithium. we'll keep an eye on that. there is not a lot of lithium producer out there there is alb, so this is really a play on supply and demand on lithium. there is a few suppliers out there and trying to increase their supply we'll see whether the supply or demand equation is going to be in balance the man is going up for that >> we'll sit at 104 points in the dow. back to you. >> 8:84, it is somethi84 is goo. >> i don't think this quarter is good >> take a lot of capacity out. i wou

gillette's parent company, procter-and-gamble made the announcement this week...r more than two- decades gillette has been importing steel from a swedish company.....because it says it couldn't find e u-s. in a statement, the company said that it now has developed a "specialized steel" with that company that's the "key to our success." (catherine) hasbro has launched a series of parody versions of its classic games - and it's just in time for the holidays... the names of the new versions give you a good idea of what they're about and may bring back memories. they are: "clue: what happened last night?" "game of life: quarter life crisis." "mystery date: catfished." "sorry! not sorry." and "botched operation." the parody games are now available exclusively at target. they cost 20 dollars each. (catherine) ahead at nine...violence breaks out at levi's stadium-- and one man is critically injured... what police say started the attack that had them shaking their heads... (grant) plus... three people accused of kidnapping, torturing and trying to murder a man in abandone

aftab pureval he is a graduate of uc college of law prior to public service he wrought worked for procter & gamble as well as us attorney's office. republican representative chabot is the incumbent representing the first district 22 of the past 24 years and is 65 years old. prior to elected you with a county commissioner and the city councilmember. graduate of college of william and mary he and his wife live in westwood. ohio second congressional district on the other side of hamilton county east over to portland. democrat jill schiller is a challenger prior to the campaign she ran a nonprofit focused on child literacy and a graduate has a law degree from temple university lives with her husband and two children in hyde park. republican is 60 years old working as a podiatrist and in the army reserve a graduate of the cincinnati holds a medical degree and lives with his wife in columbia. please join me to welcome all four candidates to the stage. [applause] . >> you may have noticed it is a forum rather than a debate hopefully it is more of a discussion by the candidates. one question we p

procter & gamble, coke, et cetera, down fractionally right now.the guidance situation, i want to point out, 3m is a disappointment but we're not getting disappointing guidance from anyone else, even caterpillar, reiterating their full-year guidance, a little below expectations but they reiterated united technology raised their full-year guidance verizon affirmed their revenue and earnings growth. it's not like all of a sudden a lot of companies are coming out and telling us we're not going to make the numbers. i'm talking about the fourth quarter. i'm not talking about the third quarter. there are a lot of companies that have seen their numbers raised for the fourth quarter and stocks are not going up. this is not normal i think it's a sign of the global issues that the market is facing right now so, remember, stronger economy, higher revenues and tax cuts but now we've got tariffs, higher rates, china slowing, populous government in italy and potential isolation in saudi arabia a lot of news for the markets to digest back to you. >> thank you for

. >> procter & gamble. >> procter & gamble is a high end company, but does it make sense that they wouldit? it doesn't make sense that the stock is up big and they haven't told you these guys are real honest, and i would think that they would have to be out there saying here's what we're doing. that is not nelson's style his style is to tell the truth here's full disclosure that's been his game, and i think that if he was really going to make some sort of move, it would have been out there in the press. that's my view of the way nelson works. >> can we turn to the markets today, industrials down a percent. look at ppg. is that a canary in the coal mine >> canary dead. >> dead canary in the coal mine. >> this was an interesting discussion i had with becky this morning. if you go through ppg, if you go back over the july conference call, what did michael -- what did he say he said autos were surprisingly very strong, surprisingly they're holding up boom, a couple months later and they're not holding up in china. there's european issues. there's american issues. phil did say something that

how about what's leading it's all defensive names, procter & gamble, pfizer, mcdonald's, coca-cola.going on here is this is a good old-fashioned let's go high and low volatility names and figure out what is going on next week. higher rates, higher costs killing the housing stocks new lows in lennar, mo hawk, whirlpool, anything housing related is having a big problem and that's where you're seeing new lows bottom line is i think rates are going up for right reason. we have record earnings 25% a shot at from the third quarter 3% gdp growth. unemployment since t lowest since the 1960s and the recession probability is extraordinarily low. i'll take those adds interest rates could bear to go up and remember something just put up the yield curve do you remember three months ago everybody was saying oh, my heavens the yield curve will go negative, we'll go into recession. what happened to that? the yield curve has been steepening all through this week look at the difference in the ten-year note and the 30-year note the spread between the two and the ten-year has dramatically increased thi

prior to service he worked at procter and gamble at the attorney's office he and his wife lived downtown. republican steve chabot is the republican having represented the first district for 22 of the past 24 years. 65-years-old and prior to being elected he served as the commissioner and the cincinnati city council member a graduate of william and mary and the chase college of law. ohio's second congressional district from east all the way to portsmouth, democrat jail debate coach -- jill schiller has a law degree from temple university and was with her husband and two children in hyde park. republican brad wenstrup represented the second district in 2013 and is 16-years-old. prior to fix the work as a podiatrist and grows to the rank of colonel of the army reserve. he's a graduate of the university of cincinnati and told hiholds a medical degree fm princeton university. university. lives with his wife and two children in colombia. now please join me in welcoming all four candidates to the stage. you may have noticed that we are calling this a forum rather than a debate. that will provid

procter & gamble have an exceptionally strong month that's despite a dip the stock on track for its besty five years as well looking forward, investors will be watching to see if these consumer giants can keep this momentum going mondolese and kraft hines reporting on thursday after the market closes. coca-cola dealing with consumers who were actually moving away from sugary drinks we'll have to keep an eye on that one dom, back to you. >> frank holland, thank you so much for that update on the consumer staples a market alert coming out a fe moments ago. check out what's happening with the euro it has dropped to a session low following reports that germany's chancellor angela merkel will not stand for re-election as the party chair. merkel wants to give up lead of the period you were not down $1.13. with us is joseph tretasani. he's with fs street. age angela merkel is not giving up the chancellorship. this is interesting about what's developing in germany specifically. >> it definitely is. germany is the back bone of the eu in their approach to how they handle currency issues and how th

. >> so what is the thought here that the procter gave them the answers to some things? >> i really don't know. i am not on the board o directors and don't speak for the court, but basically it was only the tasting exam was impacted. the board is coming to a plan for a fair resolution to the people to be able to taste again. >> we should talk about the test itself. when i first heard about it, it's probably similar to the s.a.t.s, but it's much more rigid and far fewer people are eligible for this. there's three parts of the test -- theory, practical, and the tasting. maybe walk us through what the tasting exercise is so you can see how difficult it is or the viewers can understand it better. >> absolutely. there's a movie that profiled this. it profiled the exam called "the hardest exam y've nev heard of." 274 people since 1969 is a pretty low pass rate. the tasting exam is six w six ww 24 minutes. you have to analyze them and identify them by grape, region, subregion, quality level and year of harvest. >> and there's, what, six wines? >> six wines and you need to score

we have the cfo of procter & gamble joining us in a bit and the ceo of snap-on tools this is always alike to have we have dr. scott gottlieb, the fda missioner, we will talk about the problem of kids and vaping those are a couple things on tap. >> as the father of a teen, thank you. juuling is taking over it's everywhere. >> thank you >>> let's wrap it up with the morning rbi. this will get your attention 31 years ago today there was panic on wall street today is the anniversary of the single biggest percentage drop day ever it was known as black money. at current prices, if the dow had a similar day, we would fall 5,583 points that's right if the dow did today what it did on that monday, in 1987, it would be 5,500-point drop. can you imagine what would happen to bob pisani's tie the power of percentages it's math. have a great weekend quk x"next ♪ lean on me, when you're not strong ♪ ♪ and i'll be your friend ♪ ♪ i'll help you carry on ♪ ♪ lean on me. [ neighing ] ♪ [ sigh ] it's bring your own phone, not pony. so i could have taken the bus? yeah. bring your phone. switch your carrie

procter & gamble and paypal each surging higher on their respective results.et's go to the big board, see how we're doing so far this morning as the dow is clawing up 170, nasdaq 72, s&p up 19. san jose-based paypal is up 10% in the early going. back to you. >> thank you, jason brooks from kcbs radio. have a great weekend. >> thank you. >>> 6:47. today could be your chance as we talked about with gayle to become a near billionaire. >> that would be awesome! the mega millions jackpot has ballooned to a record high $970 million for tonight's drawing. it's been growing since the 24th of july. you may remember that's when a group of coworkers took home a $543 million prize after buying a ticket at ernie's liquors in san jose. in the last drawing on tuesday, a safeway employee in san francisco matched five out of six numbers and got almost $2 million. so that's a good price, too. not getting always numbers. >> that banker at safeway, he has baked his last loaf for sure. >> he has. >> two million bucks? nice job. >> enjoy that. that's pretty awesome. >>> you're not

a lot went into both probably procter & gamble something closer to the truth. there's a bigger broader narrative which is leading brands all around the world are going to emerge as winners and as retailers get smarter, use more data while making decisions it's going to be leading brands and private label that win i think there's some concern that kimberly clark's brands, particularly the diaper brand huggies, somewhere in between, has a structural issue as well as some of the -- as retailers look for the leading brand and to emphasize their own product sxl you don't want structural issues in your diapers you definitely do not. that could be a problem. >> touche. >> a new ceo is coming on board. what's that person's biggest challenge? and how will the company change as a result of a new guy >> the biggest challenge is to reorient this company around brands, to really invest behind the brands, get pricing and positive mix going behind these brands what's been going on this year is a very impressive reduction to sg & a, very impressive cost cutting. let's see wher

is a little hard for traders, right, but if you're in for the long run, you look at a story like procter & gamble and say that's a great company that went through a rocky time and now appears to be finding its toehold. >> well, p & g is one of those stocks, it's a staple. people are not going to stop buying toilet paper or the things they really need, if we did have a really turn in the economy. that's always an area where money tends to flow to when you have a little bit of a correction like we saw. 7% correction, you talked about that, we had a lot of 400 point days. i do believe over the next two, three, four weeks, especially until we get to the elections, that's going to be par for the course. i'd say sit tight, don't get too panicky, and if you have a stock like that that you like, if you've got a shopping list of stocks you like, when we have a sell-off, that's when you want to step up and buy. liz: you say buy the index play. buy a bunch of names, whether through an etf or the actual index. if you believe in the small caps, you can go into anything. you can go into subsectors wit

for the month, walgreen's, walmart, procter & gamble, consumer connection.mployment, near record lows. lows. consumer confidentiality an 18 year high. that gave a lot of support to the companies. all of them in the consumer sector, reporting strong earnings, strong sales. so that gave a general lift to pretty much anything attached to the consumer. going forward, days away for the mid terms, always going to be the key. money in the pocket of voters. usually makes people look for the status quo. we know, on a final notice, we've been paying attention to healthcare, insurance names, we know for the democrats and independent interests, they have said, i according to the latest "usa today" poll, healthcare and dealing with pre-existing conditions, is number one on their minds as they go to the polls. charles? >> thank you very much, deirdre. nancy pelosi says civility will return to washington. not once democrats win the white house, but when they do. what if numbers tell only half the story? at t. rowe price, hundreds of our experts go beyond the numbers to exa

but why clorox rather than say two others that are bigger, procter & gamble or kimberly-clark call iturvival of the fittest, they have cut the costs and as a result the stock has held up better than the other consumer package goods plays and they're trying to raise the price and that will give them nascent growth for 2018. if you want to protect against the slowdown, i think you can consider owning some clorox. fifth and finally we've got one that i have tried to proselytize about it because it's so well run, estee lauder. this is an outlier for a lot of us, makeup is a necessity these days, while the stock is up 10% for the year it's held back by worries about a major distributor bon-ton stores and the fact they get 12% of the sales from slowing china. even as estee lauder led by the fantastic frieda delivers the fantastic results the stock hasn't been getting the credit it deserves. maybe that's the opportunity it's been weak of late because the last quarter was not the usual blowout. bottom line, you need some exposure to the staples because of the sake of diversification however,

procter & gamble seeing a 7% gain. >>> continuing coverage. looking more and more like the foreign-born spouses of people working in the u.s. on those h1-v visas will be banned. mercury news reporting the white house just put out a notice indicating the new rule will likely take effect next month. h1-v visa holders work as specialists for many companies, a lot here in the bay area. >>> a live look at sfo. you know all those extra fees you pay to fly? well, sorry to say, they're not going anywhere, maybe just up. alaska airlines is the latest carrier to raise its baggage fee. it is going from $25 to $30 for the first bag, as of december 5th, just in time for christmas. this matches recent bag fee hikes for jetblue, american and united. there is one major carrier that doesn't charge for checked bags, and that is southwest. if you want to get away. >>> before you have lunch this midday, if you loved canned tuna, you might have been paying too much. a san diego company is pleading guilty to price fixing. starkist facing a fine up to $100 million.

citi's new low >> nothing has reacted other than a couple of staple stocks procter & gamble, those what this market is i just go back to -- >> that will not lead you to the promised land. >> no, it's not. i agree with you i go back to what steve was saying about the economy initialclaims are down 20% unemployment back to 1969 levels wages are going up wage growth has been 3.4%. that number has accelerated. the fed should be going. should they next year, to jim's point, then look at the data and be more data dependent sure, absolutely i think they should be raising and we're just -- we've only had a handful of companies report earnings let's get some of the growth names to report and see how that impacts the overall psyche of the market >> what does it say to you -- i'll throw this out collecti collectively, this three-page list of 52-week lows the stock hits one today and balances off some of these beaten down areas -- >> ge, pulte >> some of the names have come down too much. >> absolutely, scott hey, you know what there's better upside than down side for some of these stocks. take a l