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procter & gamble reads as follows.e net decline was more than offset by a reduction in operating margin due to higher commodity and freight costs as anticipated." most people anticipating the same thing. tom: i know you are keeping them with your endless purchases at $100 a bottle of sandalwood and cypress cologne from the art of shaving -- keeping them in business with your endless purchases at $100 a bottle of sandalwood and cypress cologne from the art of shaving, but this really is informative about pricing power. that is what gina martin adams another's are going to do. they are going to go inside the data and look at the interior of the company, and what is the pricing power segment to segment. in their case, beauty not so good. shaving care held up by jon ferro, really good. jonathan: clearly shaving so much. here is the conversation where it starts. how much of those sales fall to the bottom line? the pricing power story has held up through this year. there has been some confidence that s&p 500 companies can co

and that means higher ingration. >> reporter: procter & gamble blames the price hikes on the rising costncluding a backlog at the ports. 100 ships are waiting to unload cargo in los angeles and long beach. according to "the washington post," the white house has considered using the national guard to move the cargo. >> are those options? >> i'm not here to take options off the table. we have made a great deal of progress already. >> reporter: this morning, officials at the port of oakland, california, say they are no backlog and are offering to help. but the ports of l.a. and lang beach have yet to respond to the offer. >> the dockers are ready. we can't handle all of the additional cargo. but we can handle a significant portion of it. >> reporter: a trucker shortage is partly to blame. the ceo of one trucking company says, the industry needs 80,000 more drivers. that shortage is now causing some gas stations to run dry, including this one near phoenix. >> god, we're short here. >> reporter: other retailers are also bracing for a lack of inventory. >> where are the toys? when are they com

we heard it from procter & gamble and pepsi. two weeks ago they announced, they said across the board on the portfolio, they're going to raise prices because they can't keep up. the inflation issue is a real issue. the fact that nobody wants to talk about it, everybody says it's transitory, it's not transitory. it's sticky. sticky in the places that will hurt middle america and low income america the worst. jeff bezos doesn't care if his steak goes from $10 to $15. >> give him a tax credit? >> charles, who else will feel it? i'm going to say it's at the dollar stores. i wrote about it in "the washington post" this week. the dollar tree raising price as above a dollar because inflation is an example of why federal spending is filling houses with so much money and driving demand and disrupting the supply chain. >> the dollar stores have gone to $1.50. no doubt about that. another issue to squeeze in. this irs snooping. people are infuriated. now we hear democrats are considering raising the threshold for this irs bank reporting, w

i'm talking about procter & gamble, itself, it can be a global pass, nato.ere could be higher corporate taxes in this country s. any of that out of your control, i guess, unless have you lobbyists? do you have a problem with where we're headed and also comment on rising interest rates and tapering and everything the fed might be doing all out of your control, but something you have to think about. >> our biggest desire from a tax standpoint is that american companies be fully competitive two their domestic and multi-national competitors both here and abroad and we spend a fair amount of time explaining the downsides of not being competitive on a global basis. if you look at our business, for example. roughly 60% is outside the united states. but that business creates u.s.oabout 20% of our jobs in the united states support our national beings. in estate, it's higher, close to 40%. so it's very important that most of our competitors as you know are domiciled outside the united states, they're companies like unilever, hempg him, like cow, in -- henkel, like cow

in the us the consumer goods giant procter & gamble says it will have to pass on the costs to consumers with prices going up on a range of household goods. michelle fleury has more from new york. the maker of detergent and toothpaste said it would raise prices are going to help it absorb the increase in raw materials and shipping costs it the move by procter & gamble comes as some measures of inflation are already stuck at 30 year highs. the ceo hurled reporters that they would hike prices on a range of beauty and grooming problem dogs including razors and toothbrushes. and thatis razors and toothbrushes. and that is after warning this spring that it would be forced to raise prices on its paper—based product. p&g now expects to sell out $2.1 billion this year on shipping and raw materials after costs rose faster than the $1.9 billion it forecast back in july. with us manufacturers grappling with labour shortages, higher raw material and shipping cost there is still no end in sight for rising prices. the cost of living is beginning to pinch across the uk and europe as well. here in the u

procter & gamble has already made moves, this week it says it will now start charging more for items and beauty products. >> i think prices are startling here, i know in california there's a whole other level. hang in there. >> for sure. >> a week ago, president biden announced a big step forward in dealing with the supply chain crisis. as national correspondent william la jeunesse reports from the port of los angeles, the number of ships waiting to off-load there has almost doubled since then. >> crazy come he could definitely feel a difference. >> economist call inflation the invisible tax. >> i call it greed. >> across the country, the supply chain crisis is hitting home and you can see why in southern california. a record 159 ships, 63 imports but 96 offshore waiting sometimes weeks to dock. longshoremen say they are ready to heed the president's call 1247 but when the ports asked truckers to work, the 3 to at 7:00 a.m. shift, not enough showed. >> we have three shifts, first, second, and third. which is not to work the third because no one comes to pick up the cargo on third shi

procter & gamble, really interesting.manda strong, organic sales very strong, but price input very strong as well. abigail doolittle will take us through some of the results in just a second. the s&p managing to eke out again, but safeties like utility and health care leading the way. you are still getting a move higher on the 10 year. you have a little but i incoming on the front end after the hugely rating we have seen in the last couple of days. what is interesting to me, the bloomberg dollar index rolling over 0.4%. that was really hoping the overall commodity complex. also something a little idiosyncratic, coal futures price in china down by about eight sent. china is apparently taking intervention during measures when it comes to the coal price. they can't seem to get a handle on commodity prices, as well as energy prices. at the milken institute in l.a., we will be speaking to scott minerd of guggenheim, mark jenkins of carlyle. guy: the story around inflation absolutely front and center. we've got it all covered h

it's not a commercial, a piece of content communicates the message of the brand of procter & gamble whatand for and what they want people to know about them. >> what's so interesting, mav, as you're talking about technology, distribution, we haven't talked at all about this streaming world that's so much content is distributed now and balance between television, streaming and what the future of mainstream entertainment looks like as you get this investment and think about where you want to be distributing your content, what is your outlook about which platform is going to have the biggest impact netflix? hbo, where does it go from here? >> the truth of the matter is we look at it on a project by project basis. the streaming wars that are going on are fantastic for a company like this, honestly. it's great we want more people in the streaming wars it's great for us. we've done deals with everybody in town and every single streamer and distribution platform out there and for us, it's always about who is going to really let us create, understand the message we're trying to communicate and r

procter&gamble announced this week, basic goods, they're going to have to raise prices there. the federal reserve chair in this country, jerome powell, risks will are to longer bottlenecks,s higher inflation. how long can this go on before we lose control? >> inflation has, indeed, come up high in these last several months. now, some of that was expected after a deep recession last year. we've had rebound in global demand. we've seen commodity prices come back up, after crashing last year. but we're also now seeing the frictions between supply and demand not matching up. we're seeing supply chain disruptions around the world because the fact is the grip of the pandemic remains, even though maybe it's somewhat lighter. it remains in the world, and that's creating disruptions everywhere. the way we see it is that these pressures will remain until some time in the middle of next year, and then we should see returning to more normal leveles of inflation, toward the end of next year. but this is going to take some time, and we are certainly seeing costs go up. energy prices have ri

did a good job. >> you were critical, though, of procter in terms of what it's going to mean. it's had significant reduction in margin. >> one of the biggest reduction in margins that i have seen. >> i think unilever's stock has been straight down, and you're buying at a very good level here, so i put that at the top, because i was very impressed with the way they handled the supply chain. >> what happened to their old ceo. >> i'm reading this unbelievable book this starts out with the collar of kraft heinz versus unilever paul poll man is a agree -- he felt that crawford heinz would slash, so he led the fight against one of the great aggressive company >> they totally screwed that up. >> the book reads incredibly well. >> does it >> it reads like a great guadal canal things >> i'll let you take over from here. >> they had supply chain issues, but what i think -- this is another company, and what i was focused on last night, companies that did not blame the supply chain. companies that predicted problems and were able to get beyond them. >> tesla also did a good job on that, d

season so far highlighted by netflix reporting after the bell, dow components johnson & johnson, procter gamble and travelers among those reporting this morning. netflix shares this morning are up a fraction. as you can see, the company's reporting this morning -- companies reporting this morning are mixed, best performer, travelers, up three quarters of 1%. we are standing by for economic data, we have the september housing starts report and housing starts and building permits out in two and-a-half hours. let's talk about investing today with wealth advisor president and founder, mark avalone. joining the conversation all morning long, angela morabito, along with the ceo of er shares, joel shulman. thank you for being here this morning. mark, kicking things off with you. your thoughts on the earnings period, is that going to be a boost for markets? what are you expecting to hear? >> well, thus far earnings have been a boost to the market of those reporting, over 80% have beat expectations. a lot of those were financials and financials are not really impacted by supply chain disruptions

nestle, the world's largest food and beverage company, unilever, maker of dove soap and ben & jerry's, procter & gamble, from grooming products to diapers, and dannon, maker of yogurts and plant-based milks, even evian water. inflation shooting up by 5.4% in just a year. that supply chain crisis taking center stage. gas prices also rising to their highest point in seven years. at some stations in california, over $5.00 a gallon. >> much of the reason is the continued rise in the price of oil, which is going up as demand globally continues to rise, partially due to an energy shortage overseas. >> reporter: whit, the steepest prices of the year are expected just before the holidays when millions will be hitting the road. whit? >> something to watch in the days ahead. gio, thank you. >>> now to a parade of storms slamming the west coast. three storms, the third one a so-called bomb cyclone, sending an atmospheric river of heavy rain toward the shore. this satellite image showing the trio of swirling storms. the third one on the left set to reach california on sunday. the first of those storms alr

feminine care products oral health skincare goods and more procter and gamble is blaming supply chainthe. increase prices saying the labor and material shortage just making a dire and they say they have to jack up prices to help offset operating expenses. if you've been shopping at costco lately. you may want to check your labels the fda is issuing a recall for a pre packaged soup sold there. >> nearly 15,000 containers of 5 ares kettle classic clam chowder with an cured bacon. part of the recall. the company says that can customer reported finding a large piece of hard plastic. and one of the containers which are sold to to a packed. no illnesses or injuries were reported. but anyone who has the soup is being urged to return it to costco for a full refund. >> a number of netflix employees walked off their jobs today in protest of the entertainment giant's handling of complaints over that dave chappelle company special. erin myers is in hollywood tonight with the latest on the controversy netflix trans employees and hundreds of supporters held a rally and walk out today. >> outside of

procter & gamble taking a hit. nestle as well. paul: evergrande also returning to trade in hong kong yesterday. an important date coming up for evergrande on saturday. the grace period expires. there's a bit of precedence for this. evergrande his negotiated a few extensions before, but saturday is shaping up as a key date. let's get more analysis on evergrande and the deepening concerns about inflation. kathleen, what is the latest we are hearing from the fed? >> a federal reserve board governor, he has been in the fed for a very long time. he said again today he sees inflation back near 2% target next year. now, he sees more upside risk. he said don't expect the rate lift off to occur soon after the bond taper and. -- after the bond taper ends. today he said if inflation gets more, the fed would be have to be more aggressive in terms of the rate lift off next year. also today, the ceo of blackstone said he thinks inflation is getting more persistent. that is another strong reading. he said all the pandemic support , that will pou

this week, procter & gamble, and at&t two of the very largest companies in the country, adopted vaccination requirements. delaware announced public and private k-12 schoolteachers an staff need to be vaccinated or undergo weekly testing. in pennsylvania, allegheny county is now requiring vaccination for its government employees. if you plan to visit universal studios in california, or go to a grizzlies basketball game in memphis, you have to be fully vaccinated or provide proof of a negative testify. test. each day this week as organizations hit their vaccination deadlines, we got new data showing that vaccination requirements work. let's start on monday. on monday, novant health system in north carolina hit its deadline and announced that day 99% of its 35,000 employees are vaccinated. on tuesday, united airlines announced that 99% of its 60,000 employees were vaccinated and in compliance by its deadline. that's up from 59% just two months ago. then on wednesday, vanderbilt university medical center said 95% of its 28,000 employees were fully vaccinated. and just yesterday, virginia tech r

. >> procter & gamble is warning of higher prices on everyday items. -- retailers that will used pricesey have yet to see notable changes in consumer behavior and reaction to these higher prices. how much is marriott making off of those dreaded hotel resort fees? they brought in $17 million in 2019. attorneys general calling for marriott to be more transparent about the fees. guests have complained about the fees because they are not included in the room price. betting to end homelessness is getting support from the mayor libby schaff. funds would would would would wu housing and expand mental health and addiction treatment services. major sports betting pla are backing the measure. the sf eagle bar now has landmark status. it has been a staple in the neighborhood since it opened in 1981. board of supervisors held that final vote yesterday. on our website we have a local story of an lgbtq landmark of a different kind. two women pioneers spent years organizing and fighting for lgbtq equality. >> a tracy light show creator is added again. now he's also having a dance off. expecting. of th

. >> and procter & gamble also.scafe, gerber baby food and cheerios will see rising costs. the national average for a gallon of gas well above $3.30 a gallon. as the economy recovers from the pandemic. prices are going up, there isn't enough supply. our supply chain is under huge pressure. raw materials that go into the stuff we buy aren't as plentiful. production slowed causing the shortage and higher prices from consumers. just as consumers all at once are demanding more stuff. the shortage of workers. it is hard to keep up with the extreme high demand of products ordering online. there aren't enough truck drivers to move the goods. so things are just sitting. higher delivery costs and companies are passing down those higher costs to consumers. how long will those prices stick around? we may have to get used to it. stress in the u.s. supply chain is only intensifying and shows no sign of fading anytime soon? >> thank you so much. i don't think i'm ready for this. winter storm alerts are in effect for parts of cali

lisa: procter & gamble versus unilever.s an execution question or macroeconomic question about how the state of consumers balances are? adam: the consumers are pretty strong. the mix of the products and execution, that, nation -- that combination. pepsi, png another soft margin pressure. they can be currency and other stuff as well. generally, consumer companies have missed on margin, the restaurants, they had serious margin issues. tom: i want to distill it down for listeners and viewers. i'm using citigroup with airflow coming out this morning. tepid on ibm. keith horowitz very excited about goldman sachs. what is the craft to avoid an ibm? adam: you have an issue of share losers and margin contractors underperforming. if expectations are starting to rise about a turnaround story and the disappoint, the stocks don't act well. i have this whiteboard behind me and i write down things people ask me. i say the phrase is i want to long compounder's and short melting ice cubes. 18 compounders, nine melting ice cubes people ment

reggie: procter & gamble says its raising prices on a wide range of everyday items.kaylee. >> in this morning's gma first look, grocery stores sticker shock. >> their shortages and inventories for things are very low. >> the strain on the supply chain continues to affect more companies. to severe backlogs at our ports. >> they are taking a bite out of our purchasing power. >> experts warning experts warnp prepare to spend more than what they are used to. >> they will have to shell out another $1500, maybe $2000 to buy the same goods and services they did a couple years ago. >> we will have more on what's causing this supermarket surge and have the latest on rising gas prices. kumasi: theaters on friday. it's the story of a socially awkward middle school are and robot. the malfunctions launch them into an action-packed journey that shows what the wonderful messiness of friendship. here's an exclusive luck. >> you have to go. before recess. >> you have two new messages. >> only two? >> awesome. >> that went well. i thought so. come on. >> that so minimalistic. it's lik

procter & gamble, the same.uestion is how much margin and what pricing can be, given what these companies and consumer product companies have latched high. this is the most fascinating aspect of earnings, going forward. tom: it is the most convoluted earnings season i've ever seen. the idea of what we are going to see. someone told me years ago that we should show a not tell, so we will try to show earnings and show the makeup of revenue here. we will probably be in trouble. lisa: there is a lot to show for in markets. they are range bound. a more interesting trading session tomorrow perp i will do my best. tom: we will do our pastor -- do our best. this is bloomberg. this halloween, xfinity rewards is offering up some spooky-good perks. like the chance to win a universal parks & resorts trip to hollywood or orlando to attend halloween horror nights. or xfinity rewards members, get the inside scoop on halloween kills. just say "watch with" into your voice remote for an exclusive live stream with jamie lee curtis

or you could look at procter & gamble and say the company and its peer group have been pounded and groundedking relative terms here. when you look at the s&p 500 consumer staples index, you are talking about the lowest index value relative to the s&p 500 since january 2001. so we are not quite back to the lows that we saw in the dotcom years, but we are moving in that direction. eng talking about costs being even higher than they anticipated because of what is happening to commodities and freight. tom: within the research you read, are they a value trap? david: that becomes the question. you are talking about a slower growth kind of area, no matter which segment of consumer staples you look at, so you wouldn't necessarily expect to see the kind of valuation you would on technology companies growing much faster. nonetheless, the gap as it is reflected in the relative performance of the group when you look at the s&p 500. lisa: a number of investors point to this and say it is time to start looking to buy. they say we can look beyond the supply chain disruptions and take a look at the fact th

you've got the likes of carnival, kroger, cisco, procter & gamble, down by 1.6%. you had organic sales coming in strong, but they are dealing with higher input costs anyway you slice it. increased commodity costs, packaging and investment in products. that is a pretty big list of input costs you have to handle. i do want to point out we were just talking about the bitcoin proshares etf. i want to take a look at the futures contract. $62,000, up by 62%. what will we see will be quite interesting. the curve steepening today, different than the last couple of days. you have a little bit of buying coming into the front end. have we overpriced may be a more aggressive fed and the dollar rolling over, hoping to boost overall commodity prices. in terms of energy, may be a little bit of better weather for you guys over in the u.k. guy: it is going to be windy and apparently mild as well, which sounds like bridge whether through and through. throw in a bit of drizzle. alix: i was going to say, throw in some rain. guy: drizzle really sets the tone here. let's talk more abou

i get we're all switching to migration like procter & gamble and others moving off the internet because they're like i'm done with it, i don't want my ad because it is now run by a system, i don't want my ad just appearing next to certain kinds of content and so what is more startling is there may be actual deceptive practices here where people are saying this content is this when in reality it's something else and in some of these cases we discuss with facebook objectionable hate speech and content that we don't even think should be online and yet that's not what the advertisers knew. so on your website, do advertisers know what content they're being placed next to? ms. stout: i can respond. yes, our advertisers do know where their advertisements show up and i mentioned discover, that clothed curated garden, those advertisements appear next to publishers and verified users we've hand selected we've allowed to appear. so on a platform like snap chat there's no broadcast disinformation or hate speech so i think snap chat is in fact a very appealing place for advertisers because they know

johnson & johnson and procter & gamble reported lower. >>> a record backlog at america's biggest container are gridlocked because the pandemic disrupted the supply chain. here's port of los angeles executive director jean saroka. >> we've got about two weeks worth of work sitting at anchor right now. there's product that needs to get out there in super fast speed. think about the toys, the other christmas products, and parts and components for factories. then there's other product that's been ordered just in case. >> there is a pretty good chance the items on your holiday shopping list are somewhere out there, outside the port. this backlog is contributing to higher prices for just about everything and easing it is critical ahead of the holidays. last week president biden announced port of los angeles would move to a 24/7 schedule. that eased some congestion. seroka said they are not expecting to see the import market strengthen until february 2022. ♪ >>> all right. live music is back and that is great news for concert promoter live nation. live nation stock is up nearly 40% this year as p

this earnings season, the companies like procter & gamble can cope with higher prices by raising price s. meanwhile, costco, home depot, walmart, amazon and lowes have used their massive scale to keep prices relatively contained tamping down on inflation where they can they've done a good job. it's not perfect, but the paying for higher prices, even as inflation -- some companies are pricing better the ones with pricing power give you great stocks the ones without give you great bargains on their products fourth, told us oil would peak at or below $84. that's been that line in the sand the fundamental side, unless we're heading to another ice age, we have enough natural gas to keep energy prices from skyrocketing what happens to stock markets if oil and gas come down. it would be positive on the oil side, the united states is a long way from producing what we did before the pandemic do you know that the permian basin is no longer falling behind i think it's only a matter of time before we see the same story in the rest of the country. i did not feel that way, but i'm seeing permian goi

. >>> $2.3 billion, that's the added cost of shipping and comedies procter & gamble and shrinking marginsincreases are not keeping pace with rising expenses. >>> the cost concerns helping push the company stock lower despite a q3 earns beat. >>> shares of a pharmaceutical down 60% after plunging more than 70% the bio tech saying it's oral treatment for covid failed in a mid stage trial. shares now trading around 15 bucks down from a high of $94 in february >>> and southwest air is ending plans to offer unpaid leave to employees who do not get vaccinated before federal deadline in december the company is giving workers until november 24th to show proof of vaccination or apply for an exemption carl deirdra? jon, back to you >> thank you software stocks carl mentioned are shooting back up to record highs retaking the september top. mike santoli joins u to break down the snapback rally. mike >> pretty resilient here not necessarily broadly inclusive a move you might expect but the software sector is leadership for various parts of this year for the overall market the software etf here, igv is

that follows procter & gamble, which makes pampers diapers and tide detergent, saying it's raising pricest rising costs. also hiking prices, nestle, which sells everything from coffee to gerber baby foods to cheerios. the ceo says prices will rise 2% to offset the costs of transportation. you're also seeing higher prices at the gas station. the national average is well above $3.30 per gallon. this is happening as the global economy recovers from the pandemic. prices are going up because demand is surging and there isn't enough supply. our supply chain, the actual movement of products from point a to point b is under huge pressure. the raw materials that go into the stuff we buy aren't as plentiful. production slowed during the pandemic, causing a shortage, and higher prices for producers. that's just as consumers all at once are demanding more stuff. there's also a shortage of workers along the supply chain, so it's hard to keep up with the extreme high demand for the products that we're ordering online. for example, there aren't enough truck drivers to move the goods so cargo ships packe

they replaced coca-cola, procter & gamble and even hollywood as american icons want to keep tech fromng too powerful, go right ahead but i think it's insane our government is targeting them. america is finally good at making something again we should be helping them take over the world and you have to admit these companies created more wealth than any other enterprise in the history of this great nation let's take some calls. i say we go to daniel in new york daniel >> caller: yeah, boo-yah, jim. thank you for taking my call we love your show. >> man, thank you very much. i appreciate it. >> caller: my question is about clorox i've owned it for a while. it went way up, i sold it. went down, i bought it and then it went down some more. so i'm wondering should i hold it, should i add to it >> i think you should wait and see how the quarter is a lot of these companies that are in that business just can't seem to find any footing this one yields 2.9% why not wait until it yields 3.3, 3.4 hey, let's go to don in oregon don? >> caller: hey, jim, how are you? >> i'm good, jim, how are you? >

cnn obtained an email from procter & gamble on plans to raise prices on olay, crest and oral b. that is to combat higher prices. if retailers decide pass on prices, it will hit shoppers' wallets my husband's aunt sent the kids christmas gifts yesterday. she said, i've been watching the news and i thought maybe i should send these gifts well ahead of chris make to make sure they're on time. >> she's on top of it. i like planning. >>> still ahead for you, all hell is going to break loose. those words from steve bannon to have the attention of the january 6 committee. what happens now that the committee has approved holding him in criminal contempt? behind neuriva plus. cience unlike ordinary memory supplements, neuriva plus fuels six key indicators of brain performance. more brain performance? yes, please! neuriva. think bigger. so you have diabetes, here are some easy rules... no sugar. no pizza. no foods you love. stressed? no stress. exercise. but no days off. easy, no? no, no, no, no with freestyle libre 2, you can take the mystery out of your diabetes. now you know. sir? you

procter gamble's blaming supply chain issues for the rise in this ca saying labor material shortagess to help with operating expenses and part of what's causing the supply chain crimp in backlog is at the ports of la and long beach. well, they have recorded shortages of truck drivers. the american trucking association is saying the industry is down some 80,000 drivers right now. that's up by about 20,000 from prepandemic levels, truck drivers move a majority of the nation's goods. but many have retired or just left for better paying jobs with better working conditions and industry officials says making the port's work. 24 7. it's not really going to matter if there are not enough drivers to move the freighter out. also for your money today. if you're spending more on halloween this year. you are not alone. a recent survey found that 36% of consumers are spending more this year than they did last year. experts are warning people not to go overboard in create more debt for themselves. they say the key is to set your priorities for the holidays and then stick to a budget. let me know ho

procter & gamble is raising prices on its personal care products that includes beauty and grooming items like gillette razors or will be toothbrushes and oil of olay moisturizers. the company says rising costs for shipping a raw materials are forcing the hikes. the irs has warning consumers to be on the lookout for fraudulent charity schemes. the agency says scammers have used a pandemic to take advantage of americans generosity fake charities are part of the irs. 30 dozen tax scam list consumers are encouraged to look up organizations before opening their wallets. the irs says one way you can prevent. scammed is to look up organizations tax exempt status. you can do that using. search tool on the irs website if you're confused by this at all. give us a call. we'll help you out. is always somebody trying to get your wallet? wallet. unbelievable. thank you, michael here. it has been 30 years since the deadly oakland hills firestorm abc 7 has produced a documentary looking back at the 1991 fire that destroyed homes and lives. that destroyed homes and lives. we'll have to be a thriver with

and you've got the big diaper makers like procter and gamble and also kimberly clark raising prices as raw material costs go up to swell and american airlines. now requiring employees to be vaccinated. the executives explained that the requirement stemmed from the company's classification as a government contractor due to its involving cargo contracts with the department of defense and the pandemic pushing the wine industry toward automation covid-related travel restrictions did lead to severe shortages of agricultural workers last year and the vendors debating whether the automated harvesting is more likely to damage grapes which can affect the quality and the taste of the wine. live from the nasdaq market site. i'm jane king back to thank you, jane. >> well, democrats have another busy week ahead after the party failed to unite behind president biden spending plans last week. so the white house and democratic lawmakers now have set a new deadline of october 31st to get it done. raquel martin has the very latest now from washington. >> well, the white house is staying clear of setting

it was procter & gamble. another big company has announced a big price hike.ke ron says these officers deserve respect and don't deserve to lose their jobs over a vaccine mandate. senator ron on the show next. ♪♪ i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. i'm so... ...glad we did this. [kid plays drums] life is for living. let's partner for all of it. i'm so glad we did this. edward jones at t-mobile for business, unconventional thinking means we see things differently, so you can focus on what matters most. whether it's ensuring food arrives as fresh as when it departs... being first on the scene when every second counts... or teaching biology without a lab. we are the leader in 5g and a partner who delivers exceptional customer support and 5g included in every plan. so, you get it all, without trade-offs. unconventional thinking, it's better for business. i just became eligible for medicare, and i'm already confused. a, b, c, d - who can keep it straight? and how do i know which plan is right for me? i

stuart: procter & gamble is down 2%. lauren: it is higher cost for commodities. kept for your target intact, consumers pay a higher price for pampers but will we? can you keep passing along costs and consumer say okay but we change our habits. stuart: png rules the grocery store. on that shelf space, we will take a. stock is 2.3%. tele dock is one of kathy would's favorite stocks as wells fargo saying nice about them. >> uber, 150,$000 price target. they call that the most scaled company in telehealth. it is a 1-stop shop, forecasting 20% for revenue growth the next 5 years. stuart: it is a strong prediction. walmart, i am intrigued, looking at goldman sachs, they have a conviction buy list. walmart is on it. lauren: they like the investments, to grab market share and boost profits in 2022. adding them to the conviction list, 196. stuart: that stock has done remarkably well in the past year. lauren: walmart this year, down one.7%. stuart: what do i know? lauren: to pay for workers, keep them safe from covid and all that. they did all this and thought it was going

talk about on this show, it really is going to be a sensitive topic for some of these big names, procteroca-cola, intel, the most recognizable brands in the world really having to balance what they need to do to not upset further constituencies, if you want. shery: toyota, more than $30 billion. this as we continue to really hear from human rights advocates , who are saying that supporting the beijing olympics would be helping china youth sports in order to distract from bigger issues, especially human rights issues, for example. they are calling this washing. this will be an issue that we will continue to watch as we head towards the games. haidi: coming up next, inflation is a topic of concern for both investors and central bankers alike. hear our conversation with a central bank governor on how he is tackling these pressures. this is bloomberg. ♪ >> do we really think what we are seeing now is going to move the dial on the medium term inflation, and, in fact, i do not think that is obvious. >> i think there is a transitory component, and just to see the wages and economies and things

you heard that from nestle and procter & gamble, these are just some of the company's over and over againrnings seasons because i've been on the call for the ceos and they said that they don't think that this inflation is transitory meaning, it's going to stick around for at least this year as well as next year. you had some price increases and again that's weighing down on the consumer. and meaning that they are making more money than anticipated, but they are paying the premium price for aluminum cans and corn and cotton at the highest in ten years on oil prices doubling over the last year. you can bet that the companies are expanding these supply shocks and inflation shocks and they are definitely going to pass that on to consumers. >> sandra: we don't often show things like this on our screen but this one is worth showing. this was easy to understand what's going on, you look at the line and it shows third quarter 2020 growth and how it was way up there when this recovery began and how far it has come down to the announcement today, just 2% growth, put your political hat on for the la

and procter and gamble says prices are up to combat higher costs and households are spending $175 morefreezer section. they'll be focusing on their more popular flavors. michael? >> good reason to go on a diet. right there. all right, victor. thank you. we'll see you tomorrow. you're co-anchoring "gma" weekend with whit johnson and stephanie ramos. we cannot wait to check you out. >> all right. >> looking forward to it. >> i got the alarm clock set. >> early morning call. >> victor, thanks so much. >>> coming up, a new twist in the 36-year-old case, the former doctor convicted of killing his wife. our john quinones is here with the story. a story full of twists and turns. >>> plus, our supply chain solutions for halloween. tips for making sure you have what you need for the holiday. >>> and tory johnson has a big surprise for a small business owner as we celebrate ten years of "deals & steals." that's all ahead on "gma." it's kohl's lowest prices of the season and the perfect time to start your holiday gifting. get pillows and towels for just $2.99... women's jeans starting at $14.99..

. >> procter & gamble, they're challenged every singed, whether it's supply chain, raw costs, distribution, supermarkets, they have a 24 multiple mo morgan stanley comes along with a consistent -- i think it shows you that we're paying too much for the classic growth stocks, and raw costs being down and distribution being down, and we're not paying enough for the companies that have consistently shot the lights out. >> as for the other banks, you mentioned credit card. >> i think amex, steve query is -- now, that stock is an 18 multiple, but he et cetera done a remarkable job >> 'em begging people to be less cynical for a few minutes. steve has made it an absolutely small business component that has done well, and younger people want to have a card. >> do younger people want to have a card? >> it's just a regular star, now jeopardy-style it's the buy now/pay later, the affirms of the world, the afterpay is that -- it's growing enormously is there a threat to credit cards charging you 18% >> that's what max lefkin wants, if it's transparency, do i want to own capital one as much what i woul

procter and gamble raising prices on many common household items. this as gas prices sky rocket.overing all the angles. we'll start with kaylee hartung at the port of l.a. in california. good morning, kaylee. >> reporter: this morning, razors, paper towels could be more expensive. the consume giant proctor & gamble announcing they're raising prices pro products. they're pointing to the shortage of truck drivers and the record backlogs at our ports like the one here in l.a. they're changing up some of their shipping routes and they're limiting how much products consumers can buy to prevent hoarding. in the last year the average price of ground beef has gone up about 24 cents a pound. one expert's telling us the increase in inflation is adding up to about $175 in additional costs per month. that's for the typical american family. michael? >> that's big jump. kaylee, thank you so much. >>> now we're going to turn to gas prices at a seven-year high and expected to keep rising. let's bring in gio benitez. good morning, gio. >> reporter: michael, good morning. experts tell us relief at

times earnings and the answer is because people don't trust it it can't have the same multiple as procternd gamble, but it does people say you can't track the ads as well and esg issues >> what about the shutdown itself i don't know if you noticed jack dorsey of twitter just tweeted the number six which was about the number of hours that that shutdown lasted. take your digs while you can, right? is that a story, just the shutdown >> i remember when chipotle had issues with food -- airborne none of the people at the other restaurants were criticizing them by the grace of god -- what was that i'm bullied every day on twitter -- >> you would not be throwing stones i'm sorry. maybe running square he can throw whatever he wants. >> have you looked at my mentions >> yes, it's horrible. >> don't do you know that the most featured -- >> sometimes we get roped in, you know, just -- >> i'm tired of the -- i'm going to say -- can i say what the most common drawing is or do you think it's just not appropriate? >> probably not appropriate. >> no. >> probably not. you're going to say it, anyway, aren't

we are also seeing a migration of major companies like procter & gamble and others moving off the internet because they are like, i'm done with it. i do not want my ad appearing next to certain kinds of content. what was more startling is that it may be actual deceptive practices here where people are saying this content is this when in reality, it is something else and in some of these cases, objectionable hate speech with facebook and content we do not think should be online. that is how the advertisers knew. on your website, do advertisers know what content they are being placed? next to. ? >> i can respond to your question. our advertisers know where their advertising shows up and as i had mentioned, discover, the close, curated garden, those advertisements appear next to publishers and verified users we at hants to allow to appear. on a platform like snapchat, there is no broadcast disinformation and hate speech and that is why i think it is a very appealing place for advertisers, because they know their advertisements will be placed. mr. beckerman: advertisers come to tiktok because

you go to the local grocery store, you're seeing procter & gamble prices higher, crest, tide, raiserswe've seen toilet paper go up and diapers. nike is suggest their prices are going to go up, as well. overall, inflation is expected to run at 5%, at least three december and that is the highest we've seen a sustained increase in inflation in about 30 years or so >> tom costello for us there, thank you. >>> coming up next, if you like to order out, this is a story you need to see. >> sushi, pizza, take your pick. it's all available for delivery these days but do you ever take a moment to think about who is making sure your food gets safely from the restaurant to your home? i'm vicky nguyen with a first look at the fda's efforts to safeguard food delivery. that's next on "today. introducing the new citi custom ℠ card. it adapts to you. earn 5% cash back that automatically adjusts to your top eligible spend category, up to $500 spent each billing cycle. and $200 cash back after qualifying purchases. apply now. visit citi.com/customcash some wireless carriers box your whole family into the

coke at the top, procter & gamble, nike and intel as well. it. ups was a big winner yesterday, big winner today. nasdaq winners, showing them? lauren: regeneron, advance -- stuart: tesla again. $1,040. that wraps up our market coverage, the dow is down 60. cnn seems to suggest the labor shortage in this country is a good thing. >> strike tober, the great resignation may look chaotic but this is the kind of chaos the american economy needs. stuart: i will take that. i love a little chaos. the miami private schools forced vaccinated kids to stay home for 30 days after they get the jab. the head of the school tried to defend the rule. watch this again. where is the science that says a vaccinated child will infect an unvaccinated child. >> the science hasn't been concluded. there is no science. we are doing the research as we speak. stuart: i didn't get a straight answer to my question and now they are reversing course. we got the full story, they rolled that when that, president biden releases a gender equity plan ending cash bail beast despite

>> my friend mitch has his own firm, the numbers that are just astounding and makes you feel that procterary inputs i think that's what keeping driving the stock. >> if you're an investor, and you work about inflates. he said the market may go down, definitely will not grown as quickly, but it still or do you have put it in the market and hope for the best? >> i think -- as long as rates are down, if you think you'll live a long tame, they just don't get there. i think it's important for people to recognize who are supposed to be a huge sort of funds haven't cashed out so, you don't have that money coming out, money ahmetly coming in there is just a sense -- i hate to use the only game in down, but they don't give you any alternative. we'll have mike novokratz tonight. what is it that he's universitily loved >> ifound out he's a great dad i don't know, i know. >> we love family first. >> we'll be watching in a couple >> we'll be watching in a couple minutes. ♪ ♪ it will take you directly there. "squawk box" will be right back. s of polygons here! what's going on? where's regina? hi, i'm l

we saw that this week, procter & gamble reflecting prices as they pass it on to customers which is theirat is going on. what you care about and so many viewers care about, the dividend rate growing year over year at a higher rate than inflation neutralizes that impact, you have the blue to receive cash flow growing more than the crisis are. stuart: will pepsi's dividend do that for me? >> pepsi has grown their dividend since 1995 by 10% per year. pepsi is a great example with consumer products, that people die all the time, and they grow the dividend on average almost double digits a year. stuart: you picked up walgreens. do they do the same thing? >> they have grown their dividend almost 50 years. the average growth rate is 7%, higher than inflation and you are getting a 4% yield at purchase so those are good examples of that dividend growth. stuart: appreciate it. former secretary condoleezza rice denouncing the teaching of critical race theory. >> one of the worries i have about the way we are talking about race is that either seems so big that somehow white people have to be guilty f

now winners include procter & gamble, united health, solid gains.up $37 today, on an absolute roll up 3.5%. we have to take a commercial break and when we come back we hope to see the president. we will be back. ♪♪ ♪♪ i just can't get enough ♪♪ i just can't get enough hearing is important to living life to the fullest. that's why inside every miracle-ear store, you'll find a better life. it all starts with the most innovative technology. like the new miracle-earmini, available exclusively at miracle-ear. so small that no one will see it, but you'll notice the difference. and now, miracle-ear is offering a thirty-day risk-free trial. you can experience better hearing with no obligation. call 1-800-miracle right now and experience a better life. stuart: the president was supposed to appear 11:15 to address the nation. we are still waiting. speaker pelosi was supposed to do a press conference at 10:45 pushed back to 2:00 pm. this will chaos here but edward lawrence is with us. is this chaos because what the socialists are saying against the framework?

open with over five minutes home depot doing fine up three quarters of 8% and there is merck, dow, procterigher, s&p 500 winners and a big surprise a lot of energy place here, you can read the rest of the board, although stocks doing very well, as for the nasdaq starbucks, we just talked about starbucks up 1%, tesla of nearly 1%, lam research, all doing very well, applied materials, amax also moving higher those are the stocks moving higher on the nasdaq. a quick check of the big board, down 16 points of the dow, a very muted opening on this monday we know the bond market is closed but it closed at 1.61% so you have the tenure, let's check gold up a dollar 301758 for gold. take a look at bitcoin topping 57000, up another $2100, 5,701,335 to be precise. take a look at oil topping $82 a barrel earlier, that happened for the first time in seven years still up 2% at 8109 for a barrel of crude, coming up in california requiring large retailers to add gender-neutral toy aisles to their stores, what the heck we will have that story, where in the world is vice president kamala harris, she skipped