proctor and gamble said it will raising pricing on the fancier.as much as 25% to offset the hit to the margin from the launch of a newbgetend rsio jo now bill schmidt. welcome to the show, great to have you here. >> thank you for having me. gerri: let me see if tends. a fancy pans version of tide, the stuff with extra bleach those prices will rise. the new budget detergent are going to be lower. are they changing the amount of product in the packaging? >> they are. i think they have a good, better, best strategy. the red tide is going the same price. tide with stuff, fee breeze, down any. enzymes that's what is going up in price. then they're also launching down what they call the value care in laundry. it's a fast growing part of the market they never competed in before. gerri: the price hikes are like 25%. how is that going to go over? >> initially maybe there will be a little bit of price shock. they are doing it with changing the pack size. >> it's sneaky packaging. >> that's right. they take the ounces out and the price will be the same on th

athletes are busy, which is most of the time, but the families have a little getaway, called the proctor and gamble house. it had its opening party thursday night and we were invited to check it out. the house is open to all athletes and family from every country. it looks like a winter lodge in the middle of winter park and provides foods and drinks. a place to hook up on the internet, as well. there's even a beauty salon where moms can get their hair and makeup done. there's even a diaper changing room. we caught up with nick and asked him about his first olympics. >> i think tomorrow night it will hit me in opening ceremonies. >> i'm feeling amazing. it's been such an awesome journey. nick has worked really hard. it's been a family affair. >> reporter: 19-year-old nick is a slope style skier. they called the slope dangerous, very steep. but nick says that's all true, but that's the sport and he loves it. he says the russians did a great job building the course and he said "pretty stoked to lay it down." that's skiing lingo for you folks back home. s >> i know everyone is to sworn to s

jcpenney, you could argue that is in worse shape than proctoring granville -- proctor and gamble. >> both beloved ceo's. interesting things, when the workforce is feeling so down like there is no future, having someone like that come back in sends a huge signal. go back to steve jobs when he .ame back to apple how happy people were. terrified, also. he was a terrifying guy. beyond simply going back, what do your influencers say about the role of the ceo from the top, setting that tone? bebasically the ceo needs to a leader, not just a manager. that is a very common one. you look at them like the ceo at nera who -- at pa talks about making sure the employees know the path. that so important. >> dan roth, it has been a pleasure. >> we will be back with the close. ♪ >> all right, welcome to "street smart." we have breaking news out of washington where treasury secretary jack lew -- let's go right to peter cook. >> we are facing another debt ceiling showdown between republicans and regrets here. jack lew is reiterating to members of congress that it's time to act now. he is updating his

. >>> we begin tonight's market focus with a warning from proctor & gamble after the closing bell. the world's largest household productsmaker cut its sales and earnings outlook for the year because of unfavorable foreign exchange rates in emerging markets, including the devaluation of the argentina peso, the turkish lira and causing those to be less when they convert to dollars. p & g shares finished at 78.84. cvs caremark sticking by its 2014 sales cast even though it announced it will stop selling cigarettes. cvs also beat fourth quarter earnings estimates helped by increased prescription sales. shares rose nearly 3% to 68.77. sprint lost money in the fourth quarter but not as much as analysts had expected. the third largest u.s. wireless carrier helped narrow its loss by growing subscribers. that surprised investors because in past quarters the company lost customers due to a massive overhaul of its network which weighed on the quality of its phone calls. shares rose nearly 3% to finish at 7.90. >>> rubbermaid is recalling its graco brand car seats that are defective and can tr

you could make the case mbia, jjp, cp, proctor and gamble, beam. more than the winners? because if you look at the percentage returns from the winners you could make the case on either side depending on what your perhaps perception of bill may be. >> at the end of the day the hedge fund is a numbers driven industry. when you have annualized returns for investors they're probably going to be happy overall despite all the media hoopla around the losses. >> guys? >> i think this is a $12 billion hedge fund and people focus relentlessly on this one trade that was visible. it was a lot of fun for the media to cover. at a certain point you look back at mbia, that was a disastrous loser for him before it became a huge winner. sometimes that happens. >> general growth? >> yeah. not everything makes you look like a genius the minute you put it on. only on tv are we right on the time. in real life sometimes you write a stock down before it works out for you in the case of a short. that's probably what we're seeing here. >> he was really able to affect change

proctor & gamble was the biggest decliner in the dow falling nearly 2% after warning of lower profits this year due to currency problems in emerging markets. the dow and the s & p closed modestly lower but the nasdaq was able to squeeze out some gains for the fifth session in a row. let's take a look at the final numbers. the dow today down 30 points, nasdaq was up 10, and the s & p ended just a fraction lower. >>> one top bond fund manager says the rocky start to the markets this year could spark the federal reserve to reverse course and actually increase its bond buying. jeffrey dunlap, ceo of double line capital, says that even with a 50-50 chance of that happening, yields on the benchmark 10-year treasury will fall. >> i thought the bond would fall than rise. you should see the ten-year dip down to 250 or low. >> he also predicts that puerto rico's sovereign bonds which you may know have been cut to junk status by two major rating firms will be volatile but eventually they'll be fine. >>> cisco beating analysts on both the top and bottom lines in its fiscal second quarter. it also

seen a nine year high in the amount of goods stolen from stores and many are now resorting to the proctors for their basic needs polly boyko has been finding out. some people do it for a dare others might have a physical compulsion when i could be part of a larger crime network but up until now few people in britain were doing it out of necessity i'm talking about shoplifting. people they don't even a small going big thing even expensive or cheap or what they do they just grab the bar and they walk out according to the british retail consortium theft from shops is not a nine year high and the biggest increase has been food theft the police say there's a link between welfare cuts unemployment and shoplifting we're seeing people choosing to shoplift to maintain their previous life still on diminishing budgets and police forces approve actively targeting shoplifting we have a sixteen. if you can see on the ceiling to here. for over. one over there. would be. if you keep looking further down the. government critics say that it's cuts to welfare payments that are pushing previously nor abiding

. >> what is different is the old money here at the time in the "20s, proctor street was movie theatresnd department bores and exepsive hotels. now, because of technology many of the people that worked in the high positions in the petroleum industry bone have to live here to do their jobs. down down port arthur is a coast of itself. unemployment is 16%. twice the national average. the signses of economic depression are everywhere. saving. >> port arthur is not a bad place to grow up and live. i love port arthur. i want people to know that this is the community it is a small town that you can raise your family in. at the same time the oil surrounded. >> we contact two of the largest refineries. neither would agree to an on-camera industry but we got a statement saying in part: >> the statement went on to say: >> the epa's interveption spurred by vct -- intervention spurred by activists like kelly made a difference. data indicated air quality meets their standards. several million was invested, including building a health center for area residents. >> i'm hopeful through the coordination,

they went in and renovated and our project manager was wendy proctor and made sure that everything was both accessible and up to code. >> thank you. >> i just have one question, you mentioned it but, you say that the current rent at $250 a month that is the current market that we have for that space. >> for that facility, yes. and then the base rent would increase by 3 percent annually, and so, it would be priced at the base rent of 250 a square foot, or 7 percent of gross retail sales, whichever is greater. and that is our standard for retail spaces. >> one last question. and then i will yield the floor. >> who previously occupied this space? >> he was an architect that it was not a retail space. so, there is upstairs offices in this facility, which will remain offices. and then, down stairs we decided because of its location that a retail space would be more beneficial to the neighborhood and the port. >> one last, what if a non-profit approached us knowing what the rent was and everything? >> well, we have designated it as retail. and if they were a non-profit that had retail servic

its meteoric success proctored its founders to drop out of harvard and had west.cebook became facebook. in 2005 it had grown to support more than 800 college networks and ended the year with 6 million active users. by 2006, facebook opened its doors to anybody with a valid e-mail address. it also launched a news feed, bringing users back on a regular basis. users ship shot up to 50 million. 2008, users nearly trip and to 145 million. in 2009, it was a good year to like facebook where did the now infamous button was introduced and mark zuckerberg challenged himself to wear a tie for the whole year. facebook supersized in 2010. users increased to 608 million. in 2000 11, facebook introduced timeline and the company was valued at $50 billion. by the end of 2013, facebook 300ers had saved more than petabytes. this year, facebook celebrates continues to grow with its market cap of more than $150 billion. it for this edition of the best of bloomberg west. remember you can watch a streaming on your phone, your tablet and bloomberg.com as well as apple tv as well. see you

. >> the oil money that was here in the '20s, proctor street was movie theaters and department stores and very fancy, expensive hotels. and now because of technology many of the people that worked in the high positions in the petroleum industry don't have to live here in order to do their jobs. >> these days downtown port arthur is a ghost of its former self. unemployment is more than 16%. the signs of economic depression are everywhere. but residents say the town is worth saving. >> port arthur is not a bad place. it's not abad place to grow up, to actually live. i love port arthur, i do. i want people to know that this area is -- it's a good community. it's -- port arthur it's a nice -- it's a small town that you can actually raise your family in. but, at the same time, be aware. the oil refinery chemical companies around here we're basically surrounded. >> we contacted two of the largest refineries. motiva and valero. neither would agree to an on-camera interview but we did get a statement from an industry administration saying in part air are emissions have are decreased by 15% an

the dow is read down by proctor & gamble. down 20 points. s&p 500, basically break even, a little bit in positive territory. nasdaq up 1/3 of 1%. go to jo ling kent who is standing by with some of the biggest movers. what are you watching? >> we're watching tech stocks, three of them actually. fireeye, feye. look at that, cloud computing security vendor. they're down 11.3%. essentially they beat in the quarter for expectations but pout put out a poor quarter for quarter one. shutterfly, the photo sharing service around helps you print mugs and calendars. they are up 3.5%. they announced a increase of share buyback program up to $100 million. good news for shareholders. look at nokia. they're down allost 3% right now. they're having a major setback in india in a tax battle. essentially they're being held up on a decision that has not been made in their favor. 30,000 employees and factory, manufacturing center there is in question. it may be in jeopardy of closing. they're appealing that to a higher court. but nokia shares dropping on the news

proctor & gamble. >> they make a fine soap. >> george didn't apply. to go i think they trained. i think he really loved that feeling of doing something different. >> when i think back to midland, texas, i think of baseball. my dad was a very good baseball player. he was the captain of a successful yale baseball team. they went to the ncaa championship twice, badly lost both times. he was a good first baseman. i used to love to play catch with him. i remember the first time he said, son, i can throw it as hard as i want. which meant a lot to me. when i had come of age at least in terms of me being able to catch a baseball. >> the family began to grow with robin and another son, jed. bush learned the oil business and found the pet toll yum corporation with a group of investors in 1953. it became an offshore drilling operation with rigs around the world. >> we had some very difficult times when the rig went down that was a third of your company's holdings. that's tough. but you have to have someone who knows what it means to have 60 people or whatever nu

proctor & gamble. >> oh, they make a fine soap. >> they do make a fine soap. he wanted to go, he went to corpus christi, i think, being trained. and i think he really loved that feeling of doing something different. >> when i think back to midland, texas, i think of baseball. my dad was a very good baseball player, he was the captain of the team. they went to the championship twice, sadly lost both times. i used to love to play catch with him. i remember the first time he said son, i can throw it as hard as i want. which meant a lot to me because it meant i had come of age in terms at least, of me being able to catch a baseball. >> and the bush family began to grow, first with a daughter, robin, and another son, jeb, bush learned the oil business and piloted a corporation with a group of investors in 1953. it became an offshore drilling experience with rigs around the world. >> we went through very tough times. when the rig went down, and it is a third of your profits, that is tough. but you have people depending on your livelihood. i think that is important.

proctor & gamble was a big drag on it the market after they cut their earnings forecast. mariah, good to see you. can we start with toyota? >> sure. >> the prius is the future for this company. >> definitely. >> they're recalling two milli s vehicles, because they can suddenly stall. now wait a minute. we all had big problems. >> that was in 2009. >> and the company took a major hit over that. >> correct, they did, and they're still dealing with that. >> and so you got another event like this on a brand that is important for toyota moving forward, i would guess that toyota will take another hit. >> toyota has been the highest car sold in the country. yes, it will hurt them in the short term, but this people could see this as taking precaution. they are more proactive than any other brand. people may see this as they're putting safety first and they're trying to get ahead of anything that they may have done wrong in their japanese factories. >> let's stay in the auto sector here. we put up the weather conditions up in atlanta, and there was bad weather in january as well.

among the dow components, proctor and gamble. currency fluctuations. gains in caterpillar.that, too, helped material stocks, the steel stocks, aluminum stocks. they're getting a bid from that good news out of china in today's session. another sector we're watching, take a look at crude oil because we did have a larger than expected bill in crude stocks. never the less, the price of crude is still very close to a four-month high. that's putting pressure on the airlines today. of course, because fuel and labor, their two biggest costs. lastly, end with procter & gamble, seeing weakness in con sawer staples. cigarettemaker reporting weak thaern expected results for the quarter. so its stock is down just about 6%. the dow is off 46 points. back to you. >> mary, thank you very much. >>> let's pick up that oil theme and send it over to dom chu at hq. >> simon, oil prices are moving higher boosted by expectations of increased global demand after opec raised the 2014 forecast and chinese data showed imports hit a record high. china's oil exports beat expectations with a rise of 10%

i have rich proctor, who is avid cross-country skier.n retired from america for how long now? >> about four years. >> why here? why not annnarbor? why are you not at del webb? >> so hard to cross-country ski in florida. >> this is your wife, mary. what attracts you to ann arbor? >> stay as young as i can as long as i can. >> that is the thing about this these folks are not content to not be active. i kind of think of you as old people but don't like to be around old people, is that right. >> that is a pretty good summary, yeah, i like that. >> and i don't know what the heck we're doing out here today. it is, what is the temperature? about 3 or something? >> 15 mary said but windchill has got to be minus 20 maybe? >> and these people, i tell you, i know people younger than me that don't work as hard as we've been working out here today. university towns. check them out. maybe ones farther in the south though? what do you think? >> i'm thinking florida sounded pretty good right now. jeff flock, great stuff. enjoy the day out there. it is b

proctor & gamble. >> oh, they make a fine soap. >> they do make a fine soap.o go, he went to corpus christi, i think, being trained. and i think he really loved that feeling of doing something different. >> when i think back to midland, texas, i think of baseball. my dad was a very good baseball player, he was the captain of the team. they went to the championship twice, sadly lost both times. i used to love to play catch with him. i remember the first time he said son, i can throw it as hard as i want. which meant a lot to me because it meant i had come of age in terms at least, of me being able to catch a baseball. >> and the bush family began to grow, first with a daughter, robin, and another son, jeb, bush learned the oil business and piloted a corporation with a group of investors in 1953. it became an offshore drilling experience with rigs around the world. >> we went through very tough times. when the rig went down, and it is a third of your profits, that is tough. but you have people depending on your livelihood. i think that is important. >> the diffi

proctor & gamble has been part of berkshire's portfolio since way back in 1989.th largest shareholder with a sustaining worth just over $4 billion. david: that is good information. if you buy the stocks you keep the dividend. liz: works for buffett. david: mortgage rates fell to a three-month low despite the federal reserve's taper which a lot of people feared would push rates higher. didn't happen. liz: will the 30 year fixed-rate continue to toward 4% or move in tandem with tapering? joining us with a fox business exclusive, barry habib, he is the expert. everybody thought as tapering began that would be certainly bearish for anybody who wanted to refi. that rates would start to tighten. they have not. >> we talked about this not too long ago. we looked what happened after qe1, after qe2. stocks struggled. that money found its way into the bond market. we thought the perhaps the same thing could happen. saw the stock market struggle but meanwhile bond price have rallied. 10-year yield hit 2.57 not long ago. we have a target of 2.55. we're close. david: talk abo

proctor on one end of the spectrum. a market of stocks, if you will. one of the rare times this year so far where we had a stock market that they just bought everything. >> you are going to have to wait f till the final trade for me to tell you what i did today. >> interesting tease there. what's happening in tech today? >> nasdaq barely hanging on to gains. everyone talking about the macro, focusing on what yellen is saying. don't forget, we are continuing to get a lot of those microdata points from earnings this season. we're only about 17% through the season. cisco comes out after the bell. one of cisco's biggest customers is the government. also has a really good temperature check on what corporate i.t. budgets are. got to talk about the bioteches, too. it's continued to be an outperformer. more and more drum beats are sounding about the biotech bubble. we were on the closing bell panel yesterday. >> sheila, thanks so much. ben willis on the floor, thanks to you as well. joe, you gave us a good tease there. may have influenced your take on capital.

so, david, you look at these companies, again, 100 million-dollars for the proctor & gambles and city the world minimum, they don't like to talk about it but it is worth it. david: i see it for the super bowl. i wonder based on what happened with russia whether they want to get a little bit of their money back. liz: there is tune-in factor. everybody wants to see what happens. david: today's january jobs report fell short of expectations. only 113,000 jobs were added last month. yet the unemployment rate did tick down .1 of a percent to 6.6%. is the economic recovery on track or losing steam? here to break down the numbers, jeff cleveland, payden & regal chief economist and todd buchholz, a former whit house senior economic advisor. thanks for coming in. the market is most interested in the fed and how they react to it whether they continue with tapering or stop where it is. this is a bad jobs report, that is the bottom line. a lot less than what is expected. wondering who this helps if fed? the hawks, like richard fisher say money print something actually doing more harm than good at

the 2014 omnibus includes funding for a plebiscite that would be proctored by the department of justice, who can author taiflly decide on the constitutionality of all possible status options. further, both those who are pro-commonwealth and those who are pro-statehood have expressed support for this process. this is not true of the 2012 plebiscite nor the puerto rico status resolution. politically, status is not the only issue facing puerto rico. the commonwealth has faced more than half a decade of economic recession and high unemployment, as well as exceptionally high utility costs and continued obstacles to economic development. as a former governor i have great respect for governor padilla and the challenges he is up against. unlike many of our own states in our country. in a meeting with him i have had the opportunity to hear directly about the enormous economic difficulties he has tackled and his -- in his short time as governor. in my understanding the 2014 budget would reduce the projected deficit. general expenses were down by nearly $200 million during the second half of last

. >> how significant is the other competition you talk about from south korea, i heard that proctor & gamble are losing the mass market share. what are your thoughts there? >> you're right. so for the mass market share, there are two kind of products. one is skin care and the other is hair care. in china in the mass market skin care sentiment, l'oreal can continue to buy gross than other competitors in china. but l'orea slrks the dominant player in hair care beauties. and they have mass product in china. so even given the dominant position for the hair care in china, we still see the upside potential. in the past there are fears of two local brands emerging, so given the small base in china, they have the big upside potential to grow in the mass and professional segment. >> charles, you just mentioned there may be some local firms that develop, what is the potential for them? >> you mean for the local brands, right? >> yeah. >> yeah. you know, in the past few years l'oreal's product portfolio is on the high end. so in order to trade in china, they have to reach the most sale points. s

proctor and gage bell is already phasing out the beads.y so many companies use microbeads. they need to be outlawed altogether. >>> 8:26. a high-speed chase. it happened on the going bridge. the -- on the golden gate bridge. the latest on the search for two suspects who ran from their car when it crashed. >> reporter: we're live in san francisco where the cost to ride a bus may soon go up and a lot of people say they are not happy about it. >>> good morning. right now, we are still looking at traffic that is busy on some of the major commute corey ders including -- corridors including this up with -- one. >>> a lot of county. these clouds might lead to light rain to the north. we'll talk about that and see if there's anything more significant on the extended outlook. >>> well, good morning. welcome back. it's just about 8:30. these are live pictures san francisco. there's some muni bus going on -- buses going by. muni riders could soon be paying more money. fares may go up this summer. there's a public hearing set for later today for you t

they can invest in nike, visa or proctor and gamble.our children tonight notice to the sponsors are. there are pretty good investments. >> switching gears, the labor department's index your teams are working is a good bet? >> it is bad, but it is also good. of course, you what statistical the college, you do not want to do when a job scooping ice cream. these doubts about going to adults. >> , my job is to school buys current drop fried's my job is to school ice cream, or drop fries. it is a very high employment rate for teenagers looking for jobs. if you want a job, they are just not out there. >> i guess they should go by a lottery ticket instead. from an investment standpoint i know you do not like buying lottery tickets. >> i will go to grocery stores, gas stations. i will call you are stupid. i will not said out loud. you are helping me because you're supporting the school system. that is good but try lots of winning is one and 135 million. it is a better to get struck by lightning. if you do when, put some of it in a trust because

what is trailing the dow right now is proctor and gamble. and impact of ten points.bring in nicole petallides. nicole: a different sort of report did what we heard from expedia. right now stock is doing great. 9151. did hit a new high of 91.79. the revenue from subscription business is up 53% in the latest quarter. some of the expenses have been on the rise. profit dropped a little. the analysts seem mixed. some have been raising their price targets. i did not see a lot of guys on the contrary. the new high for trip advisor and they did beat on the top line. that is a big deal worth noting. cheryl: thank you very much. we will see you at the top of the hour. adam: the senate could vote as early as this afternoon on the clean measure. it still faces opposition from conservatives. rich@sid is live in washington, d.c. >> they are suspending the debt limit until march 15, 2015. all senators have agreed not to slow down the vote process. as long as supporters have 60 votes. with a storm on its way to a city that is not known to do with winter weather that well, they will

a representative for proctor & gamble says the most common problem is people putting them into the washerfter reports that the health tracking band was causing a rash. the country says it's likely an allergic reaction to nickel. >>> despite doctors orders, many of us actually go to work sick. a survey of more than 1,000 u.s. adults revealed 1 in 4 workers always go to work even when they're ill. most people say they would have too much to make up if they did miss a day. just as many said they couldn't afford to miss work. others say their boss expects them to come to work no matter how sick they are. >>> the "lego movie" blocked out rivals for the third straight week. pulls in another $31 million this weekend. kevin costner's action thriller "3 days to kill" was second with $12 million and "pompeii" rounded out the top three. >>> and giada will show us how to turn tonight's dinner into four delicious meals for every night of the week. >>> and the pressure to be thin in this celebrity-obsessed wo [ male announcer ] it's 7am and steve is already thinking about tomorrow. which is why he's in