william proctor jones is one of those.so today as we take up the piece of legislation from a subcommittee that he spent decades working on i, today, want to hon hoist memory and thank he and his family in this time of sorrow, thank proctor jones for all of the work that he did for our country. a senator: mr. president? the presiding officer: the senator from utah. mr. bennett: i want to rise and associate myself and those of all of the minority members with the comments that the chairman has made about proctor jones. i didn't have the opportunity to work with him as closely as others have, but the legacy that the chairman has described is genuine and real and all of us in the senate, regardless of party, wish to acknowledge that. i suggest the absence of a quorum. the presiding officer: the clerk will call the roll. quorum call: quorum call: mr. dorgan: madam president? the presiding officer: the senator from north dakota. mr. dorgan: i ask unanimous consent the call of the quorum be dispensed. .the presiding officer: with

consumer-related stocks, like home depot, proctor and gamble, and disney, rose nicely after the commerce department said retail sales rose a better than expected six-tenths of one percent in june. and that had stocks trading modestly higher through the afternoon. the dow went on to close with a gain of almost 28 points at 8,359.49. the nasdaq rose 6.52 points to 1,799.73. the s&p 500 rose 4 3/4 points to 905.84. in the bond market, the ten-year note fell 30/32 to 97 4/32, putting the yield at 3.47%. >> jeff: the banking sector gets most of the ink when it comes to the nation's financial crisis. less well-known is the status of the nation's thousands of credit unions. compared to banks, these non- profit financial institutions have largely weathered the storm. >> reporter: credit unions look like banks and act like banks. but did they lend like banks during the real-estate boom? the answer is yes and no. for example, brightstar, in suburban fort lauderdale, got its start in 1946, handling deposits and making loans to school teachers. with more than $300 million in assets and 40,000 member

. >> jeff: let's go on with the first one you have for us, it's proctor and gamble. >> this is a consumer tightening with numerous billion dollar products, very strong brands in the portfolio. i also like that this is company that has roughly a third of its sales coming from emerging market sources. and these emerging markets really are not necessarily affected by the ongoing economic malaise that we are experiencing here in the u.s.. >> jeff: then you have a second one, novartis. >> yes him the stock market seems to be painting the entire health care sector with a very broad brush right now, worried about health care reform. but this is a very diverse health care giant, with big businesses and generics, vaccines, consumer products. and we think that it's going to escape any major damage from health care reform. it's a high quality company trading on the cheap and that's a combination that i really like. >> jeff: the third and final one, the home improvement retailer lowe's. >> yes, this is a little different. this is a company that is experiencing some very strong stress right now, negat

>> proctor and gamble. colgate are rolling out green products and people are paying more. brenda: guys, what did i say. we will say goodbye to you, mike but everybody else is sticking around. the friendly skies or the fat-free skies, the uniform, the airline and name that could take 50% for making workers stay fit. >> did you see the delta thing why they don't have size 18 any more. they are slimming down and the business will pick up in the third quarter. i think it is up 50% by the end of the year. >> it is not flight attendants that are bloated. it is the company. they don't have control of energy and now you have to still lose money despite what they are trying to do. brenda: you like the tech sector. >> i do. i think oracle is a stock that can move 30% from here over a year because business spending will pick up. the general business position is fine and all of tech is on fire. brenda: pat, what do you think? >> i don't think so. you heard most tech companies saying spending is not picking up. brenda: where would you be? >> intuitive surgical makes minimally invasive

i'm a big admirer of the gentleman that runs proctor and mble that has so many, you know,uccessful products for th home. and -- talk to him oneay aut his secret. effect, he was his own kind of consumer reseah man. for example, he told mehen he went to a foreign country, one of the things he wld go is spend a couplef days in people's homes. and would watch them using his -- their categories of product then he would ask them estions about whathey wanted and what theyiked and what they didn't like. and so forth. i think if you're gog to be successful today, whether you do formal mart research o informal market research. you've got to understand the consumer and wha that consume is looking for. tavis: does yourife. it is n over yet, and i'm glad it is notut does it feel colete? does it feel likyou covered the bases and you've come full circlbeing able to do the philanropy that you're doing now? i askedhat because you tlked about your father an the leons he taught you it sounds like given your philanthropy now a you've arned those lessons. >> i never tught in a billion years i wld ever have a bi

i say you got to the colge, you have to own the proctor and gambl, i regard them like your fiding.game just at the bat. jimmy, do you hav anything to ask me about? >> you know what, jim, i do. this is nothing about that. i wanto know about ur time on the donald trump sh. >> well, you know, it's interesting you ask that. there's a lot of people whoeel thonaldtrump is a bit of a -- that he's t prideful, he is larger than l and ltivates that image. i saw the other donald trump, i saw a gre dad a greatdad, i w the charitableald trump, i sawthe quiet man that comes back and makes you fee good even ifyou've been cut from the team and a guy rarded as inspiration a. y don't see that side and mae you don't want to project it but j. roll, he got it. >> yeah, it him acouple times and it's been nothing but great. aagree. i maehaven't seen the father si of him but seems to be a real grea man and a truephilly guy. you used to work at th vet. you were there. m time with philadelphia -- my dad had wor series tickets to the'64 world series w know what happen there. i worked the upper deck four year

sasay u got to own the colgate,e,ouou he to own the proctor and gamblele i i rard emem le your fieldingame just at e e t. jimmy, do you u havenynying to asask a abo? >> y you kw w at, jim, i do. this is noththing ououthat. i want to know about youour ti on the donald trtrumshshow >> well, you know, it't's interesting you asasththat there's a loloofof pple who feel ththatonald trump is a bit of f -- t tt t he too prideful, he is rger than life and cululvavate that image.. i saw the other dodoldld tmp, i saw a great dadad, g gre dad, i sathe charitable donald trtrump, i saw the quiet man thth c com back and makes y youeeeel od even if you'veve beecucufrom the team a and auyuy regarded as spspirional. you u n'n't e that side and maybe you don't t wa t to oject it but j. . rollhehe got it. >> yeah,h, m metim a couple timeananit's been nothing but t great. agree. hahavet seen the father sidede ofofim but seems to be a r rea great man and a trueue plllly y. yousus to work at the vet. you were thehe. . >> my time with phphilelelph -- my dad had world series s ticks to t ' ' world series, we kn

i say you g got to own t the colgates and the proctor and gales. i regaga t theas your elding.in th atat-b. jijiy, do you have anythining ask k about. >> you owowjim, i do. i ntnt t know abobo your time on the donald trump p owow. >> well, youou know,it's teresting you ask thatat. there's aa lot of people w feel at donald trumpisis a bitt a thatt he's oo ididef, that he is saw the charitabableononaltrump, the gogooddad, thee m man who makes el good even if you've bebe cow t t om the teteam i w the guy o'o' been gagard as inspirational. he got it. yeah, yeyeah you know, i'veet him a a couple ofof tes and 's's been nothing but great. i reree. i haven't seseenhehe fathehersi of him but he seemsms tbebe a rl good man. ybody that bringng y on a show a philly fan, a truee phily fan, m maneded work at t the v. yoyou us t twork at the vet. >>>> rkrk for four years. mymylalaim to fame, whehen cr lazizikiki h it over the wa, , i wowon e payoff for $1,000.0. how about that? jimmy rollins has t game. i wawant pplplto stay in the ga. this man youananearn from world championsns a i i b they'

some of the advertisers, general motors, chrysler, proctor & gamble, pfizer, kellogg, kraft foods. an african-american or white american tired of this kind of talk, write and say put it somewhere else. take it off this show. you can control it out there. that's what happens. when ceo gets letters -- they don't know exactly where their dollars are going. say mr. ceo general motors, i drive your car i love it. i don't believe in this decisiveness. please tell the media to shift it somewhere else on fox news. talk it off glenn beck. it's enough. it's stupid. >> but what that requires is for people to be organized enough to rally and say they don't want to take it from glenn beck or anyone on fox news. the other thing, though, is that you need -- >> it's not all fox news. there's a lot of good reporters there. we can argue. we can differ. this is just stunting and this is disgusting. as an american it's disgusting. >> aren't we looking to see this divide within the republican party. we have republicans elected into office. walsh mentions senator lindsey graham voting for sonia sotomayo

it better than proctor a and gamble. all riright. let's go over r this aga. want t to use pele i trust and i thk are smart to challenenge my own theses. ron insana, , sellinall his dedefensive ocks. i like them. i respectftfully disree with a man n i have wched on tv for 20 ars. ter the break, i'll try y to make you even n more mon. >>> ming up, with a big nameme athe s.e.c. on the way outut, cramer reveals h his plafor regulalators to t a leg up on rket manipulation on the "eureka m moment. >>> and lalater, ligning stririkes. cramerer goes eltric tataking allour calls in a spine-chilliling, overarged lighghtning rod. >>> plus, on the execucutive decision, chahatham's enings takes s a hit. so cramer takekes on the ceo to find out i if his stk can ease the pa in your portfolio. all coming up p on "mad ney." oof! i hope he hahas that iurance. you really need it the days. how come? well if you're hurt and cacan't wowo it pays you cash... yeah to help with ererydayills likeasthe mortgage... ...and groriries it's'sike insurance for daily y ng. so...what's s it cle

that lift the the drug stocks and proctor & gamble, kraft, some of the consumer staples helping lift market today. >> today, relatively flat futures? >> relatively quiet. we are up just a little bit right now. up just a little bit in europe. oil is coming back a little bit. gold is coming back a little bit. maybe effect is taking a breath. >> let's talk about general motors. the restructuring plan starting to come together now and it looks rather ambitious. >> it really does. and steve radner, president obama's top auto guy, with really ambitious talk saying he expects general motors to relaunch as the new gm. we talked about how the judge approved the sale in bankruptcy court. he says that will happen by the end of this month and he expects an ipo with general motors by the first half of 010, not just 2010 in general. that is very ambitious. that way the government can get out of that with their 61% and we can put it back on to the public to buy the stock so you and i would have a chance to buy the stock as opposed to just owning it through proxy through the united states government

we started in mid to late march and said, okay, let's trim the proctors, the telecoms, some in utilities and health care, and let's not heroically, don't make a bold statement, but thoughtfully, gingerly, increase data in the portfolio. so that's technology, which a lot of people are talking about. but i think for some reason -- >> material, cyclicals, retailers. how about banks, how about financials? is i'm still sticking with the financials. i know the asset quality is still weak and i know there is toxic stuff, but there is so much cash flow earnings within a steep yield curve and zero interest rate, what did bernanke say yesterday and the day before? i ain't gonna tighten, not for some time. maybe not in my lifetime. so let's enjoy this. this is a rebuild. banks can earn their way out of this toxic asset problem on top of all this other positive cyclical stuff. >> yes. not to get off on a tangent, by the way. well, three or four weeks ago, the issue was, oh, my god, is bernanke going to have to put the brakes on. and we saw treasuries back up. and now we're at 340, not at 4, so i thi

. >> when we come back this morning proctor & gamble beating expectations yesterday. take a look at yesterday's winners & losers.  (announcer) illness doesn't care where you live... ...or if you're already sick... ...or if you lose your job. your health insurance shouldn't either. so let's fix health care. if everyone's covered, we can make health care as affordable as possible. and the words "pre-existing condition" become a thing of the past... we're america's health insurance companies. supporting bipartisan reform that congress can build on. proshlter proctor & gamble is reportedly in talks to sell its pharmaceutical divisions. the pharmaceutical unit could be worth $3 billion. they decided to focus on its over-the-counter products like pepto-bismol. i was just looking at that for myself to figure out what they sell. because you don't think of -- you know, you get drugs from at&t, but $800 million in operating profit. actinel, this one, you know, caught my attention. a bladder control drug, enablex. >> caught your attention? >> well, each year, you see the gu

. >> it's probably the most inelastic of -- >> remember proctor & gamble, they said people will trade down and it's trading down, though, within the proctor & gamble family. >> everything is elastic. >> remember we saw that cocaine index? it was closely tied to futures markets. >> that's why drugs are such a good business. >> shares of take two, slammed nafr hours trading pass company delays a game launch and cut its outlook for the next two quarters. the video gamemaker dieding to hold off on releasing bioshock two, one of the company's most lily anticipated games. is that a chemical weapons attack or something? >> watch your own dirty bomb. >> or anthrax release into the vents and the -- >> subway. >> toxic avenger. >> take two's ceo also -- >> airborne toxic event.t. >> great event.t. >> noting he's seeing caution among retailers wary of holding too much inventory. >> standing by at the cme this morning, kevin ferry. kevin, you don't really talk like a pirate any more. >> is my voice getting better? >> no. we like it. it was one of our favorite e things. we wanted back. >> kevin, w

here in the u.s., proctor & gamble is reportedly in talks to sell its prescription drug business.he wall street journal reporting the unit could be worth about $3 billion. interested buyers include warner chillcot and cerberus capital. last year, p&g said it would stop making new investments in pharmaceuticals, considering selling its health care brand and focus on over-the-counter products such as pepto-bismol. checking on p&g shares, $38.90. >> bertha, french consumers are spending again according to data from the national consumer's office. consumer spending rose by 1.4% in june. it follows positive comments from the french finance minister, christine lagarde. she condemned guaranteed bonus payments in banks saying they are an absolute waste. there are mixed earnings expectations due out from glx glaxosmithkline due out today. investors hope they'll be able to kavp cash new with its inclu long-term performance. >>> bhp billiton, a restocking of commodities in china may have ended, but there is french inventory markets in other markets. bhp's prices will be influenced by reply r

that's why a dental school team up with colga tesm and proctor & gamble to help marylanders in need.these are people either uninsured or underinsured. that's why our health care bill before the congress is so important now. >> congressman elijah cummings says this is very important because improper dental care can lead to other problems. >> children joined mrs. o'malley at the downtown library. last year teens and kids participated in the summer reading program. >> saturday a group of children with the easter seals hit the water thanks to private boat owners who lent their boats during the day. the kids were treated to lunch. >> we actually met a couple people from the navy, the navy band. we go out every year and go out to the navy band because of our experience here with this event. >> that event was sponsored by the easter seals greater washington-baltimore region. it propreedsvidse for children and adults with disabilities. >> coming up, how the main ingredient in most salasds is now on the recall list. >> get rid of your gas guzzler. we'll have details on our "consumer alert. "

proctor's wife and daughter also died in the nazi camps. the national gallery in the czech has refused to part with the painting saying a law adopted in 200 by the czech government that allows only holocaust victims of their quote direct descendants to file claim for the property." the minister of culture for czech has identified 15 of the looted art works as national treasures, a designation that does not allow them to be taken out of the country. mr. klapter went on to quote that this country, referring to the czech, like most of the region has always been anti-semitic through the centuries. the only difference now, it's not politically correct. that's the root of the whole problem. i'm writing today to secretary of state clinton asking thoar use the persuasive power of the department of -- asking her to use the persuasive power of the department of state to rectify this problem. also writing tight department legal -- to the state department legal counselor asking what enforcement action could be taken to tribunal to rectify this situatio

procter & gamble and i think the valuation is going to compare this company against companies such as proctoram blg, walmart,co ka coal what and it's reasonably priced compared to a lot of those and i think it's growth contacts are equivalent. >> but larry, none of those companies are faesing the question about piracy and everything else that -- >> you haven't selecting digital pennies for harry potter for a hangover. >> those are cage toll $100 bills. >> that's a great movie. have you seen it, joe inspect. >> i saw hackover once, mercifully so. >> what about harry potter? >> no. >> harry potter has raised over $200 million. >> hangover cost $ ,35 hin and it made over $3,.5 million. hairly is going to do over $1 billion worldwide and harry potter is a preview for the last two episodes. >> and harry is reportedly going to get nake. oh, no, that was something else. >> i think this google meek row soft deal effectively marginalizes aol pirp mean, i think the sthing that was fascinating to me, bomber did an ad introduce and he more or less threatened yahoo! with $5 billion on search if they didn'

>> victoria proctor and mindy lieberman from mobile gym are here on to get fit with fox!k about what mobile gym is, because part of the reason that we're so out of shape is that we're not workout. you all make it easy. talk about mobile gym is? >> mobile gym is a business that comes with a person trainer and we have everything that you need in the back of the truck for you to get effective exercise. >> that is only one part of it, the other part is you have to watch what you eat and how much of what you eat. talk about the other side of being in shape? >> well, when you think about the state of the united states. >> uh-huh. >> health right now over 60% of the population is overweight. >> uh-huh. >> the reason for that is because of our american diet. we are eating more and exercising less. and it is so important to understand that being healthy is not just about exercise. >> right. >> it's about adopting a very holistic approach, nutrition being a big part of that puzzle along with meditation, other practices. >> know that. we know that if i eat 5 big mcs i'm probabl prob