and the maker procter & gamble has confirmed that some consumers may currently be unable to find what they need. in fact, cvs has confirmed in recent weeks there's been times where suppliers have not been able to fulfill the entire orders of feminine care products and the situation as people feeling like this. >> it is really important to have product like that available. >> i think it's very frustrating and kind of a good representation of where we are at in the country. >> the necessity i feel like it's toilet paper. so it's kind of scary, not sure why it's happening. >> procter & gamble says it's happening because of an increase in demand but the company is working with retailers and producing tampons 24/7 to make sure these shelves aren't empty. >> i would be a little nervous and panicking. >> as of the situation wasn't bad enough to take a look at the prices. >> i've noticed prices have gone up for sure according to data cited by bloomberg, the average price of tampons has gone up nearly 10% in the past year and experts blame the rising price of raw materials like cotton. >> over

in the end, procter & gamble might have to lower prices. inflation is too high. when you actually look at these examples is more tractable than we might want to believe>>> thet trump tried to weaponize the department of justice to overturn the election of joe biden. i'm shepard smith. this is "the news" on cnbc. >> donald trump knew this was a lie. >> the letter claiming the justice department had found fraud and urging states not to certify electors >> it was so extreme to me i had a hard time getting my head around it. >> and when he tried to replace the attorney general to change the course of history -- >> i said, mr. president, within 24, 48, 72 hours you get hundreds and hundreds of

and it's also lost market shares procter and gamble. for instance, kylie jenner and other celebs. >> we're counting down the hours until game 6 of the nba finals. it's now just minutes away. can the warriors and the celtics home and finish this thing off with your fans after the break? >> that we are mere moments away from tipoff in game 6 of the nba finals. not just any game. it's a game that could have the warriors, the world champs once again. kron four's. dan thorn joins us now. he's live at a watch party in walnut creek. dan, i people are already looped up ready to go. >> absolutely. yeah. worth stadium here in walnut creek. and this is certainly the place to be. as you can see, it's starting to fill up here. yeah, i mean, this about as big a game as it gets for the warriors. the fans understand that the team understands that they know they got to win this one tonight. i mean, of course, we've got some lakers fans also out here for whatever reason. i don't know california, i guess they're rooting for a california team who has who h

so procter & gamble, for example, p and g, they say they are working very hard to ramp up productionhey also sought to assure people that this would just be a temporary situation. another company which makes brands like playtex say they have stock shortages becaused by the omicron variant in the u.s. and canada. they are working around the clocto restock shelves and they anticipate inventory levels to return to something of a normal level in the coming weeks. >> why is the problem so much worse in the united states? >> well, it's a good question and nobody really knows. i did speak to some supply experts today that says often this is caused by supply sourcing issues which could be the factor which is normally why we see issues like this cropping up in one country and not in others. >> the biggest band to emerge out of south korea's kpop scene b.t.s. announced they're taking an extended break to have solo projects. they were the biggest selling global artists of 2021 and said to have sold 34 million albums during their nine-year career. >> certainly are the same as one direction numbe

labor and child labor overseas in order to obtain home oil for their products such as nestle and procter and gamble, and not to mention the companies that will do anything for cheap cobalt mining for their electronics. many of them die and landslides from his fixation while trapped underground, or as a result of the failure of machinery. much of the countries colton is extracted by children who work in dangerous conditions is washers and diggers. doing adults work in a hazardous environment, many colton. mining sites are rife with prostitution, sexually transmitted diseases, rape, and gender based violence that affect vulnerable children and women. while the dying administration looks the other way in order to justify their transition to a digital world, this is been an ongoing issue for years with amnesty international repeatedly drawing attention to the lack of action, nearly 2 years on some of the richest and most powerful companies in the world are still making excuses for not investigating their supply chains. even those who are investigating or failing to disclose the human rights

procter & gamble?amble is doing the best on the dow right now, up one. 5%, they %, they boost protection of their feminine products. stuart: new foxhole show voters feel they are losing ground financially. how did fed chair jay powell respond to that? >> reporter: he had a rosy forecast, that they had to make a bigger move in interest rates because of inflation data and consumer sentiment which he called eye-popping, still he told me he is very optimistic, listen. >> some sales going down but overall spending is very strong, consumers are in good shape financially. there is no sign of a broader slow down i can see, people are talking about it a lot, consumer confidence is very low probably related to gas prices. >> his rosy opinion differs from the latest path -- fox polling were 18% say the economy is good or excellent. they must be nancy pelosi at neighbors, 82% on the other side of that rate at fair or poor, look at where the voters are feeling the pinch, these are necessary items like food, gas, ut

labor and child labor overseas, in order to obtain home oil for their products. such as nestle and procter and gamble, and not to mention the companies that will do anything for cheap cobalt mining for their electronics. many of them dian landslides from is fixation while trapped underground, or as a result of the failure of machinery. much of the countries colton. is extracted by children who work in dangerous conditions is washers and diggers. doing adults work in a hazardous environment. many colton. mining sites are rife with prostitution, sexually transmitted diseases, rape, and gender based violence that affect vulnerable children and women. while the buying and ministration looks the other way in order to justify their transition to a digital world, this is been an ongoing issue for years with amnesty international repeatedly drawing attention to the lack of action, nearly 2 years on some of the richest and most powerful companies in the world are still making excuses for not investigating their supply chains. even those who are investigating or failing to disclose the human rights

labor and child labor overseas in order to obtain home oil for their products such as nestle, and procter and gamble. and that's.

pseudonym eyes or anonymized dataset to d, anonymize certain items of information and center happen procter, to and arm underneath urine. we often help make ourselves more transparent, especially while on vacation. for example, by taking a photo and revealing its location. that's probably much standardized. it's a problem with location data and is that when a company or the state knows where i was in the past, and also where all other people with statistical conclusions can be drawn me as to where i might be to morrow. i've started, even though i might not even have thought of wanting that up with a computer, i can already pre calculate that at it with a high level of probability and then make me corresponding offers. obligation on me . then heidi path and anger border. mom, the only alternative is to leave our cell phones at home. but most of us prefer to pay for the convenience with our data world wide. dubrovnik also installed surveillance cameras during lockdown in its old town. now, current tourist numbers show up on this website. ah, hazardous mo, from in we've changed our tourism man

that's why procter & gamble rallied today. consumers are feeling more strapped, the sharp shop more places like walmart. i happen to like johnson & johnson and walmart and proctor are both up because people feel they get value. i like johnson & johnson, eli lilly, too. neither has much price sensitivity. drugs will mature. we write many bulletins about this. we need to accept that stocks should go lower but we need to ask ourselves if every stock should go lower and we need to know whether it's going lower because of earnings or just being punished because it's part of an asset class that is suddenly out-of-favor or even hated. let's use real life instances. he had strong sales, strong earnings, and lots of business being done in their own private labels. which are much more lucrative than name brands. of course, we will pay less for stocks but we are more likely to trade down to kroger's cheaper brands. kroger stocks should have been up today, not down. i listened to rodney and i said to myself, you know what, that sounds lik

relationship with the brands in that is the reason you see companies like mattel and crayola and procter & gamble use shopify to go direct to consumer, these are brands that never did so and now they are doing that. emily: shopify shares have taken a dive since november where they hit a high point and we are in the middle of broader market turmoil but how concerned are you about this going forward? how are you thinking about this? what are investors missing? harley: i think shopify was a pandemic story and the stock reflected that. what a lot of people are missing is the shopify story, on one hand, we are 10% of all e-commerce in the u.s., at the same time to million stores on shopify have an independent business. every 30 seconds or so, a new entrepreneur work at the first sale on shopify. we are not only getting a larger piece of the pie, we are growing the pie itself and those businesses that end up being successful will stay on shopify and that is why you see companies go public, these amazing brands that were built at their mom's kitchen table that were built on shopify. emily: i wa

businesses growing and trying to prove that they can disrupt, in both cases, much better industries, procter & gamble and kimberly clark with the honest company's case. and bumble, match, and tinder where whitney used to work so they're focused on more than just shareholder capitalism, but clearly these models will be tested because we are in a difficult economic environment. >> do we have a david and goliath environment for female ceos something that's not so male metaphor >> i'll think about it but it is like that. you're on the right track. >>> let's check the markets because as i mentioned at the beginning of the show, really on a downswing in this last hour and that has accelerated the dow now down 1.3%. that's more than 400 points. the s&p down 1.33. the nasdaq down knocking on the door of 2% >>> up next, oil and energy stocks pulling back on this final day of the first half but it's a different story for solar stocks we will tell you what's behind that divergence. as we head to break, check out some of today's top search tickers on cnbc.com. the 10-year yield followed by the s&p, bitc

so merck, procter & gamble, johnson & johnson, for example, they're all weaker in the day.ve names in the dow jones industrial. finally, you think if you're worried about the fed aggressively raising rates on this data, tech stocks wouldn't do that well well, guess what salesforce, microsoft and apple and salesforce had good commentary overall and holding up, but they're stalwarts in the dow. the bottom line here, tyler, things are not exactly working out logically the way everyone would think and that's what's making traders a little bit nuts right now. back to you. >> bob, thank you very much. let's go to the bond market where yields are rising as inflation keeps clocking in a little bit high. rick santelli. rick >> yes look at the intraday of twos and tens zoom, zoom, zoom ten-year up ten basis points up once again and boy, the 290s seem like a distant memory we have high inflation, high food prices and housing is dented and the one saving grace? jobs, jobs, jobs, right? not necessarily. bob is right we got a smidge better on headline ism, however, the employment index w

procter & gamble says they are working with retailers in producing tampons 24 seven. anxious. >> it seems very frustrating and a good representation of where we are at in this country. i feel like it is toilet paper. >> consumers also notice higher prices for the items. according to bloomberg, the average price for tampons have gone up 10% in the last year. and experts say the culprit is rising prices of raw materials like cotton. police are trying to figure out how a man crashed his car into the south bay home depot. it happened just before 2:00 saturday afternoon on monterey road in san jose. police say the man crashed into the store and died at the scene. no one else was hurt. let's get a check of your weekend weather. >>> we are waking up to the low clouds and misty skies in san francisco at 57 degrees more than the drizzle, there's actually chance we could see a few light rain showers here across the north bay, you're looking at this year in the futurecast as we move into the afternoon, the best window of opportunity midmorning to early afternoon and by 7:00, we

cme group, trading volatility, exchange operator, procter & gamble, consumer staples and who are hormel foods, just about a dozen or so companies, kelly, that are green on the session in this big sell-off. >> fud, i heard you work that in there. dom, thank you very much >>> the big moves didn't just come from our fed yesterday. steve liesman in washington with more on central banks around the world, steve >> reporter: kelly, yes. surprise and aggressive rate hikes went global with the swiss national bank raising an unexpected 50 basis point following the fed's 75 yesterday am the bank of england has a bigger problem with inflation went up a quarter. european central bank could follow as central banks, some worry about currencies, everybody battling inflation move from the pandemic-era policies of zero and negative rates. fed chair jay powell,fact, saying the fed will be raising rates to restrain the economy. >> as you get closer to the end of the year, you're in a range where you've got restrictive policy, which is appropriate, 40-year highs in inflation we think policy will need to be

number of companies mentioning the negative effect of the there are has grown exponentially, netflix, procter & gamble, coke. one slice of the market that tends to be shielded from the stronger dollar, small caps which are outperforming large caps slightly this year and names with domestic exposure are performing vastly better than names with higher sales. take a look at that chart. chief investment officer at global wealth management, the dollar rally is short lived as they start to consider raising rates while the currency is trading at a 20-yearhigh, righ around there and it's worth noting it's down about a percent over the past four weeks kelly? >> seema, as we look across sort of the landscape, we are highlighting tech, highlighting microsoft and they're the first ones and that's not the industry that comes to mind i'm thinking drills and those would have big exposure here >> absolutely. industrials do have that exposure to international sales and technology don't want to advertise the higher percentage of sales made outside the u.s. and names like microsoft, apple, google with over half

let's take a look at consumer staples, coca-cola was a big stalwart for a while, procter & gamble, cloroxay, there's some debate about how expensive they are. most of these are trading in the mid-20s, maybe for some there are alternative brands that might be available for people who are more inflation conscious, but that's weaker today. another sector that's weak, the defensive sector is health care. look at united health care this is a real stalwart. it's a high priced stock so it really influences the dow jones industrial average that's almost 75 points on the dow. it's been down three or four days as well these are defensive sectors. i want to show you how interest rate sensitive stocks are getting affected by the dramatic rise in treasury yields. utilities have been getting clobbered. most of these big utilities, these are the biggest utilities out there, down 12, 13, 14, 15% in five or six trading days. they compete against treasuries. when treasury yields go up, these go under some kind of pressure finally, you do not want to be a mortgage company you heard about mortgages towards t

have stepped up manufacturers in the us have stepped up production to address these shortages, so procternventory levels returning to normal in the coming weeks. why is the problem worse in the us than elsewhere? it's it�*s a good question, and nobody really knows. i spoke to some supply experts today who set off on this is caused by supply sourcing issues which is normally why we see issues like this cropping up in one country and not in others. $5 like this cropping up in one country and not in others.— like this cropping up in one country and not in others. as always, thank ou ve and not in others. as always, thank you very much _ and not in others. as always, thank you very much for _ and not in others. as always, thank you very much for bringing - and not in others. as always, thank you very much for bringing us - and not in others. as always, thank you very much for bringing us that l you very much for bringing us that story, the story that one of the us media are saying that nobody is talking about, this shortage of tampons, especially in the united states. lots more on all of our

consumer staples only do you know 0.7 of 1% you've also got some green for walmart, general mills, procter & gamble and colgate coming up on today's show we will ask karen karniol-tambour to the fed's big hike. >>> plus kroger delivering strong earnings, beating across the board, raising its guidance. ceo rodney mcmullen will tell us how he's managed to get through inflation, headwinds and what he is seeing from the consumer. let's start with the sell-off. mike santoli taking a look at the market fall-off after the three-quarters of a percentage increase yesterday. >> the fed being followed by other central banks. obviously big volatile moves in global yields. a lot of things getting piled on this market. this is a two-year chart you've wiped away all of the 2021 gains we were above 3700 at the start of 2021. we're below that where are we headed now? there's a lot of people fixated at 3500 level, maybe 3400. why is that? it's not specifically clear. it's exactly halfway between the 2020 lows at the covid crash and the all-time highs so you went from 2200 to 4800. halfway back is 35 it's al

the company i think of, travel trust, we talk about this at 12:00, procter & gamble.ten cited as being the most currency sensitive of a lot of companies i'm sure there will be some wise guys selling it, betting that proctor will have to do the same thing as microsoft if they do it today, you'll be lucky. if you wait till the end of the quarter, you have to work. everyone will be able to say i'm used to this, i know it, i'm not focused on it. but microsoft is a great american company, and when they put out something, people expect it and microsoft is down a lot >> a big move on that kind of adjustment to earnings per share based on the movement of the dollar but if you buy that today, the dollar is not going to fall again tomorrow they're not going to preannounce tomorrow. >> no, they're not you're selling it today, why because others are selling it and that's what you do that's money management. no it's wrong money management is what you're doing with tiger >> yeah. speaking of, we have more details on tiger there is a letter out. i did not have it. bloomberg has it t

. >> they cut numbers, procter & gamble, head and shoulders i'm saying, carl, when you have these closethnician money managers, you know, they look in the drawer and it says right shoulder, sell, be aware that amazon is fighting a trend that a lot of the portfolio managers are thinking, which is that this is just a bull within a bear and everything will come back down. >> what's not working at the open is s&p global, suspending their guidance on the collapse of a debt issuance, jim, and what they're calling weak macro conditions corporate bond had their first positive month of the year in may, finally >> that is shocking. >> that's going to be more than a one-year low. >> that is shocking because doug pederson is sensational. that stock is getting hit. i always make the joke that doug pederson also the coach of the eagles, hthen stopped, but now another team this should be a buy the stock was already down 31% for the year doug is a fantastic manager. more than just ratings i sold a company to doug, and there's non terps of the panoply of products he's got, more than just debt issuance th

. >> it's safe haven in activitier and procter & gamble today, the only two green spots today that wasank. they the bank of japan is out on friday this is a currency that's also been devalued in a crazy way, double digits. we're starting to get into moves in bonds and currencies where people think back to crisis, bailouts, that sort of thing is that on your radar at this point? >> there's certainly a lot of stress out there if the u.s. economy is close to recession, that many parts of the world will be in recession i week surprised if europe, uk another example -- correct me if i'm wrong, i think the bank of england is forecasting to recession. >> they're closer to admitting it, but they hiked 25 basis points today. >> you're right. the global situation is more tenuous. if it's only the prism of the united states of america and our economy, we are very much driven by the american consumer the consumer is sitting pretty. >> are they? >> yes, they are unemployment is low, job creation is strong, there's a report number of unfill job positions. people locked in the low interest rates most

companies to pay oversee -- procter & gamble has over 10,000 employees. 40% of those workers support global sales, international sales. so this is great for us. service jobs and back-office -- back office jobs helps strengthen our ohio economy. the interest in avoiding taxation is when you look the new regulations. we saw if businesses were able to compete, they tend to do well. with more money, back into the country because of that and we stopped inversions altogether. we were wringing our hands about and being concerned about companies becoming foreign companies to avoid taxes, we shut them down. i think what you're doing with these new regulations is drawing us in the wrong direction and back to where we were not competitive. i appreciate you've indicated you want to make changes while upholding a portion of the rules, but i also understand you won't be amending the rules with the ability on taxes or services. that's a lot of what we do in this country. my question to you would be do you agree we want to have global competition in america with jobs here and taking advantage of wha

>> not so much the procter & gambletors and being able to -- yes, could we absolutely proctor our ownlso accepting other agencies to increase it so not everybody is waiting for it to happen and is just more available as it goes. >> great. thanks for your efforts on this. i think the academy classes are a great opportunity for the department to address this need of certified bilingual officers so thank you. >> thank you again and i want to thank the committee for letting us go and to try articulate for a moment what we're facing as a city during this time in history proximate cause the press gets it wrong most of the time. i think the problem is that we have several realities happening at the same time that bump heads. one of the realities and this is a theme of this budget process and is the need in the city is intense. the amount of poverty and suffering and the inequality in the city. and inequality that is greater than most cities in the world, not just in the country. in the world. it has created a crisis that we're all dealing with right now. the amount of intense poverty is real

>> not so much the procter & gambletors and being able to -- yes, could we absolutely proctor our own? i believe so. but also accepting other agencies to increase it so not everybody is waiting for it to happen and is just more available as it goes. >> great. thanks for your efforts on this. i think the academy classes are a great opportunity for the department to address this need of certified bilingual officers so thank you. >> thank you again and i want to thank the committee for letting us go and to try articulate for a moment what we're facing as a city during this time in history proximate cause the press gets it wrong most of the time. i think the problem is that we have several realities happening at the same time that bump heads. one of the realities and this is a theme of this budget process and is the need in the city is intense. the amount of poverty and suffering and the inequality in the city. and inequality that is greater than most cities in the world, not just in the country. in the world. it has created a crisis that we're all dealing with right now. the amount of in