and she's also with proctor and gamble. for a moment i will allow you your startup story. we all said my grandmother's pasta sauce is so good i could be a millionaire or everybody loves my barbecue sauce, i ought to bottle it. how hard is that? >> it's actually very hard. that's the one thing i learned. i had this idea and as a new entrepreneur you're full of passion and excitement and you start and realize everything you have to go through. >> what's the tough one? where is it most hard? >> the most important thing you have to have is tenacity. every single run smoothly. but that doesn't happen. things come up. we had a tea kettle put into our packer and ready to produce and they said we want to retrofit that and that's going to take a few months and wii had to delay everything. >> can you explain. >> it's a manufacturer we don't own. >> got you. you contract out and say here's the formula for the tea, make this. >> right. and the whole industry does that. nestle does it. >> how have you made people aware of it? just the concept of children's tea. >> how is it going to ge

proctor & gamble says it is going to be hard to get this done.s is something that a lot of companies have this issue, the u.s. and other corporations out there. external progress and the taxes they pay here, but this is a big move on the part of argentina. >> bertha, thank you for now. >> stick with us, because despite cold weather it was off to the races in new york this weekend. nearly 50,000 runners took to the streets of new york city to run the 26.2 mile new york city marathon. kenyan athletes took home the men and women's titles. bertha, whenever i lived in new york, i would go down to support the runners. did you ever get a chance to get down there despite the lousy weather. i was read iing or thinking abo going on a jog much earlier. but i couldn't believe they were running in the weather, particularly in shorts. my heartbreaks for the second place record losing 3 seconds. that's going to stick with her. >> just to run 26 miles at all is quite the achievement. congratulations to everyone who took part in that. >>> thank you very much, ber

that's going to be something fabulous for proctor. i would not sell proctor. i think it's doing everything slowly right. a lot was put in place by bob mcdonald. he was largely reviled during his tenure, but the last 18 months, i think he did good. this is the grind-up we've been getting from consumer products. >> this is berkshire's biggest deal since heins but the biggest sale since folger went to smucker's. why batteries? >> it's a great question. i think brand names have been good to him as opposed to ibm. >> we are at an age where your smart phone gets charged. your gopro doesn't take a battery, right? >> again, you are totally right. there are enough devices where batteries work. it fits into this pastich of businesses that work. i've yet to see him get the short end of the stick in deals, whether it be bank of america. people said we got a call you'll never get, whether it's goldman sachs. he does quite well in these deals. i'm not questioning the great man. >> people forget duracell was sold to gillette by kkr for $7 billion. buffet's not paying anywher

five years in the army serving as an airborn ranger attaining the rank of captain before joining the proctor and gamble company. during his 33 years, our guest roast to a variety of increasingly responsible positions, working in canada, the phil peterson, japan and belgium before becoming the firm's chairman president and c.e.o. in 2007. in addition to his p & g management appearance, our guest served on the board of zee rocks and u.s. steel. he left them in 2013 and was confirmed by a vote of 97-0 as secretary of veterans' affair of july of this year. please no live blogging or tweeting, in short, no filing of any kind while the breakfast is underway to give us time to actually listen to what our guests says. there's no embargo when the session ends. to help you resist that urge we will email several pictures of the session to all reporters here as soon as the breakfast ends. the v.a. tells me that they will distribute a transcript of the breakfast later today. as regular attend yis know, if you would like to ask a question, send me a subtle, nonthreatening signal, raised eyebrow, hand wave

jenna proctor is no wall flour. jenna is one most strong willed outspoken 4-year-old you've ever met in your whole life. in this today's chance part rehabilitation program children healthcare in atlantis perfect fit for the 4-year-old. when she first came she was a little nervous, and just didn't know exactly what to do. but she is so excited. this is a big deal because jenna has been through a lot. on a journey that began when she was just eight months old. my baby was perfectly normal that morning her daughter who had just started crawling fell out of bed in gordy countied day care. first it didn't seem like a big deal. they gave her a pacifier, you know patted her and took her nap then they called me afterwards something wasn't right. jenna suffered a spinal cord injury. brush rushed by ambulance to she spent three months in pediatric intensive care unit. it was touch and go. i mean i watched them revive her three times. who knew a spinal cord injury up so hi affecting i don't breathe pick up ills it affected, wh

worn buffet's berkshire hathaway is buying duracell from proctor and gamble. berkshire has agreed to turn over $4.7 billion in stock in exchange for their battery business. the deal allows buffet to wind down his position in png, which he has been cutting for years. it also fits with their strategy of narrowing their focus. just made ar has significant gift to harvard university. not disclosed but will allow harvard to hire 12 new professors in computer science. themanagement dream for -- theswift is taking saysf the record label that they received less than $500,000 in the last year from spotify. he says swift made more from streaming sites. amazon web services conference is going on in las vegas right now but there is even bigger news from amazon today. amazon and hachette have finally ended their dan. over e-book and physical book raises. exact terms were not disclosed but they did say that they would .llow hachette to set prices amazon also promised to restore hachette titles. it had been delaying certain titles. malcolm gladwell said that some of the titl

he calls vets "customers," which, to a proctor and gamble mind, is both a compliment and a bond.xt year, there will be one web site, not 12. new patients will see a doctor within 30 days, and no one will wait for their benefits. what do you owe these veterans? not the v.a., but bob mcdonald-- what do you owe these veterans? >> mcdonald: well, this... this is very personal, because i served with a lot of these guys. and we were in very dangerous situations. and anytime you jump out of an airplane in a parachute, you're putting your life in danger. and as a jump master, you're checking that person's equipment, and their life is reliant on yours. that's the kind of relationships you create. those are the relationships that drive me to do this. >> welcome to the cbs sports update fred by pacific life i'm james brown with scores from around the nfl today. detroit moves to 7-2 for the first time in 21 years. the jets force four turnovers and end their eight-game slide. kc wins their fourth straight the keep pace in the a.f.c. west. the niners snap a two-game skid with an overtime win o

. >> reporter: we reach out but got no reaction from proctor and gamble, maker of the tied pods. last year they introduced more child friendly packaging and offering free safety latch toes parents. also the consumer products safety commission says children should not aloud to handle the packets and advises parents to store them out of sight and reach of little children. one thing that was not in this study was dishwasher packets, stored under the sink. they could be more dangerous. that was not in the study but clearly keeping kids from those too. >> they look sobriety. >> yes. >> easy to make mistake. >> all right stephanie, thanks. >>> still to come a major snowstorm is sweeping through midwest tonight, and that same system will send temperatures dropping across much of the u.s. we will have a live report from minneapolis on the early arrival of winter, coming up. >>> sound from someone's backyard are being examined by forensic experts. i'm syma chowdhry with that story coming up. >>> on the anniversary of the marine core a miraculous meeting here in philadelphia, two guys in o

. >> reporter: now a former proctor & gamble ceo robert mcdonald is the newly appointed secretary of veteran's affairs. this week he announced major changes are coming to the agency, and delved deeper in his plan in april's memorial. >> we set three goals for ourselves as we began to move forward. the first was rebuilding trust with veterans and stake holders. second, improving service delivery, focusing on veteran outcomes, third, setting v.a. on a course for long-term excellence and reform. >> mcdonald is promising better training, more accountability and a structural overall including disciplinary actions that are meant to make the v.a. more customer oriented for veterans and their families. >> we'll outline functions, simplifying operations, improving processes. increasing productivity, and effectively i a implementing the veteran's access choice and accountability act. >> the president is seeking a lot more help. the goal is to hire 28,000 new medical professionals, including 2500 more mental health specialists. and as many as 1,000 v.a. employees could be terminated. that won't

we will keep an eye on proctor & gamble for headlines. >> thank you. now from connecticut to minnesota. coming up we will speak to one of the top executives at the mall of america to see how traffic is shaping up today and whether it will be a happy holidays for retailers. it's not just electronics and clothing on sale today. phil lebeau will explain why auto dealers are revving up some of the best car deals on what is becoming one of the busiest car shopping days of the season. stay tuned. you don't need to think that makes our lives possible. because we do. we're exxonmobil... and powering the world responsibly is our job. because boiling an egg... isn't as simple as just boiling an egg. life takes energy. energy lives here. >>> like it or not more and more stores opened on thanksgiving this year. >> is it taking a toll on the crowds that are showing up at shopping malls today? courtney reagan is taking pulse of shoppers in the midwest. any perspective on the impact of the oil decline? >> i will start off with the first part which is the traffic. ove

secretary bob mcdonald is tapping into his private sector experience as former ceo of proctor & gamble. today in a message to all 330,000 v.a. employees, mcdonald pledged to create a new customer service organization to services, including expanding public-private partnerships. and to give 9 million veterans enrolled in the v.a. a single point of contact for care. >> it's all about one-on-one personal touch. we've got to make it easy for our veterans to take advantage of our services and to be able to navigate what appears to be a complex system. >> reporter: to fix the problems, mcdonald wants to hire 28,000 medical professionals and is looking to fire 1,000 staffer who is he says violated v.a. policies. but will it be enough to get the v.a. back on track? >> we think bob mcdonald has the toughest job in washington, d.c. and ultimately the question is can he implement this plan fast enough to have the impact it needs to have on our customers, veterans. >> reporter: veterans whose faith in government has been shaken by scandal. peter alexander, nbc news, washington. >>> president obama

richard hathaway has agreed to buy duracell from proctor and gamble.7 billion png shares. for more i want to bring in jeff mccracken and larry cunningham, the author of the new book ."erkshire beyond buffett jeff, you and i were talking a few moments ago, and this is a classic warren buffett move. >> absolutely. write down the fairway. jessica warren buffett. -- classic warren buffett. it does not have extensive growth, but as you when i grow day, you getstmas these new items, and you spend all this money on duracell batteries. batteries. tub of >> it is always going to be there. >> it is tax efficient. >> that is the other warren -- he has done this a couple of times. he did it earlier with the publisher of the washington post where he swap shares for a miami television station here he had shares in phillips 66, swap those for shares in a pipeline business -- he has done this over and over and i'm sure he will do it again in the future. point,y, you make a good where you say this is also classic, or more recent classic warren buffett move where he swa

they took him from proctor and gamble. the guy ran the tide brand and ran that up into a huge p & g product. he saw them going from over the counter stuff and made that transition like it was nothing. you've got to commend them for picking the right guy, hopefully he didn't get pushed back from all the bureaucrats. if you let this guy go, you probably could fix va pretty quickly. >> if he's a veteran himself, and so he comes back to it, maybe this will help other people realize the problem solving nature. >> when you see the emotions he speaks about the veterans, he deeply wants to fix this seemingly intractable problem. this is not an easy job. i'm very pleased with his selection, i know he's a man that's going stay the course and make sure it gets done. hopefully with the new legislation that's gone through, he's able to make some changes, there's a whole host of problems, not being able to hire enough people, not getting rid of the top tier levels. to the discovery that there were defective medical devices being used on

proctor is giving a presentation on the fingerprints of intelligence and that we are reshuffling things a bit during the course of the afternoon in consideration of new presentations. pleas proceed. i am sorry for the interruption. targets were driven down range except melons. this is a photograph from his shooting test. the bullet came from the right, came through here, it moves it away. he wrote that, whether taped or not, a bullet will cut to the outside of a melon like butter. a human skull is completely different. the thick scope on requires considerable force to be penetrated and that forces deposited in the skull as momentum. now we finally get to the new muscular reaction issue. most ofthat he thought the movement you see in the president moving backwards is due to a neuromuscular reaction. myths, hek, jfk explained the new rear muscular reaction. he shows this picture that he calls fallen soldier and was spanish civilhe war. thank you. great having and knowledgeable historian in the room. thank you. is notknow david, this taken them. this photograph was not taken then. did you

the head of proctor & gamble says his job will not be easy but will get the va in tiptop shape to get it right because he says our veterans deserve it. >> absolutely they do. kelly wright. thank you. >> do you trust the new va secretary to fix the troubled agency. log on to "fox & friends first" facebook page for a live debate #keep talking. >> a fox news alert president obama invading china kicking off a three-day trip to asia testing his global clout for the first time post mid term elections. the president gathering other world leaders at the summit with two years left in his presidency many are wondering if he can command a powerful presence on the world stage. >> we welcome the prosperous peaceful and stable chain gnaw. over recent decades the united states has helped integrate china into the global economy not only because it is in china's best interest because it's in america's best interest and the world's best interest. the meeting with the chinese president is a first stop on the tour. >> air strikes in iraq possibly injuring the leader of isis. they claim abu back car al ba

. >> what do you think about proctor & gamble? >> i think it has moved up too far to 89. three points up and five points down. no longer the level i want to be involved with. i prefer to buy merck. >> what is your opinion on caterpillar? >> i think caterpillar spends too much money be invested in china. i do not think right now is the time to buy cat. if i can get it below 98 then i will. pull the trigger. that is the conclusion of the lightning round! >>> hello. we are coalition of sailors against deinstrustructive decis happy veterans day. >> welcome back to our "mad money" salute to the troops special. now that the price of crude is coming down it pains me to follow the coverage. i find it gut wrenching because so many seem to have no idea of the gradations, the difference between the scales and budgets. treating the oil companies like a big undifferentiated mass. so the stocks from the commodity they deal with where one barrel of oil is pretty much the same as the next. that is just not true. first the companies have different strategies. majors like exxon and chevron

. >> the va's new chief is the former ceo of proctor & gamble. he is promising to clean house as part of a massive restructuring. he will usher in a new era of values the i care acronym i stands for integrity. those individuals who value our integrity is seeking disciplinary action against. >> he plans to fire 1,000 va workers no small task when getting rid of a single government employee can verge on the impossible sometimes taking months. he will have a better web site and responsive staff. >> why are we treating this like an hr issue. va has admitted the actions delay people's access to care. where is the criminal investigation. >> despite the tough talks from the va it is difficult to say at this point how far the federal government will go in going after some of these workers. heather? >> thank you, doug: the stupidity of the american voter that's the quote that's the stunning words from an obamacare architect when the administration lied to get a healthcare passed. >> good morning, kelly. >> good morning, heather. the video was taken down f

proctor and gamble on any given day, 5 billion people on the planet use at least one proctor and gamble product. that's five out of seven, and as myron so nicely pointed out, during my tenure at sco we increase by a billion and many of those people were in developing markets, people we hadn't reached the but we are not going to rest until he gets everybody on the planet. because our products improve people's lives. the reason i tell you this because i think this is a good reason for why president obama decided to nominate me and why the senate confirmed any so quickly, is the expectation is s that the va, we have lots of customers. my rent talked about that. we have 9 million veterans that are health care system but for a 22 million veterans in the united states. what we need to be abou at the r service. and that is at the center of everything we are doing in the road to veterans day and beyond. so i'm going to talk about what we are doing it but i think it's really wonderful to be here on this day that as i'm assuming your last meeting before veterans day, it's wonderful to be your pic

was head of proctor & gamble. his commitment is serious and obvious. he says it is not neglect.y supply and demand and with recent wars the demand has only increased. other veterans groups are coming out saying they don't buy the pitch at this point. they have yet to see it happen. we'll discuss that next hour. martha: it will be interesting to see with somebody with that kind of real corporate experience can make a difference in that organization which has been historically led by people from the military. so he has got a big, he has got a big job in front of him. bill: it is a big leap. martha: looks like he is committed to it. we'll see. bill: no question about that, you're precisely right, martha. good huck. martha: president obama is threatening executive action on immigration as you know. bill o'reilly says he the white house has different goal in mind. our panel debates coming up. >> he wants to create chaos, throw grenades into the republican party, have them divide. bill: all right, fox news extreme weather alert now. is early for this stuff, right? parts of the rockies

. >> a former proctor and gamble ceo says it is all about being more accessible and responsive to theartment's 22 million customers. >> we want them to view us as their va. they know who to contact and they know who to go on the websites, they know what benefits are available. >> with my va, the department plans to hire a chief officer and create a network of community veterans advisory council. some veterans group say that they are sitting on the top levels of the va in the step of the right direction, but the true test lies ahead. he served in iraq. >> and what needs to happen first is for that veteran to walk in to their clinic to have a great experience in the moment when they make the phone call to schedule their appointments for the time they leave that hospital having to receive the care they need. >> cleaning up the agency as it also means sweeping out some employees and hiring thousands more. that will take time. craig boswell, cbs news washington. >> a big part of the organization allowing veterans to use the veteran's choice card for them to get the non-va care in the futur

. >> proctor street was very fancy expensive hotels and now because of technology, many of the people that work in the high positions in the petroleum industry don't have to live here in order to do their jobs. these days downtown is a ghost of it's former self, the unemployment rate is nearly 16%, more than twice the national average. the signs of economic depression are jeff where. >> port arthur is not a bad place, it isn't a bass place to live i love port arthur, i do, but at the same time, be aware, the oil refinery chemical companies around here, we basically surrounded. >> we contacted two of the largest refineries. neither would agree to an interview, but we did get a statement that said in part. air emissions have decreased by 56% over the past 15 years. and episodic emissions are down. has made a difference here. agency officials told america tonight, preliminary data from last year indicated air quality in the city now meets their standards. the industry group said companies had invested several more dollars in the community in the last year. including building a new health

most of the people to make these products are so afraid of criticizing walmart and lots of the -- >> proctore could attest to that. >> i think you can tangle with amazon because there are other place sell it. people would find another place to go get it. >> i got to say the action in oil today is breathe taking. brent below 79. in terms of weekly losses we are on track for our seventh weekly decline. that is longest since '86. what were you doing then? >> i was being born. >> exactly. it's been a while. stunning deflation in energy, john. >> 1986, i think we were doing the stock picking contests in school where it to -- >> the dow is up almost 100 points. but then the russell started to underperform and we did lose some steam. the s&p still roughly flat. >> dow holding up. >> thanks to walmart and cisco. let's get to scott wapner at headquarters with the half. >> carl thanks very much. let's meet the starting lineup for today. josh brown, stephanie link, joe terranova and jon najarian, and also joining us is the zach seaward. and we begin with ceos in the hot seat. dick costolo,

proctor & gamble up 13%. all these are of these stocks are ones that are at least big parts of the portfolio. if you tally all of the portfolio losses and gains right now he has lost about $700 million in market value but that equates to only about 70 basis points. he is down less than a percent during that time. it is all about diversification with the berkshire portfolio. >>> while the economy in this country is getting better a lot of the indications are that europe is finding it difficult to improve at all. the rally driven in europe by yesterday's ecb meeting has certainly disappeared. michelle caruso-cabrera on why european stocks aren't holding the gains despite talk of qe on the other side of the pond. >> and the particular focus here on european bank stocks which are declining again today. they did yesterday even in the middle of the rally. they are down for the month. when you look at the european bank stock index. based on recent events you might have bet they were going to do better. just yesterda

. >> you gave up a huge job at proctor & gamble to take on this mission. i thank you for what you're about to do. i know the veterans will be grateful for -- let's hope you can deliver because so many people out there are counting on you. >> we will deliver. we will deliver because we have the entire american public behind us and we have great partners to work with. >> secretary mcdonald, thank you for being with us. >> thank you. happy veterans day. >> happy veterans day indeed. stand by. >>> an important isis convoy under fire from coalition planes. did they hit the most critical target. >>> and later, president obama and republican leaders are headed for a showdown over immigration reform. our political panel getting ready to break down. the late-breaking developments. and even piano tuners were just as simple? thanks to angie's list, now it is. we've made hiring anyone from a handyman to a dog walker as simple as a few clicks. buy their services directly at angieslist.com no more calling around. no more hassles. start shopping from a list of top-rated

billion consumers in the world use at least one proctor and gamble product. here i have 22 million von is serve and nine million that use our healthcare system. so, the focus on laser-like focus on customer service. >> michelle in english. >> in english, okay. well, have been critical of the va for not removing top officials because of mismanagement and granted you greater authority to fire executives. what are you doing to hold workers involved in the scandal accountable. >> as i said, michelle, we're moving as aggressively as possible. by the law. by the law. the important thing that i have to look at -- and believe me, i've been involved in disciplinary actions all over the world. one thing we have to look at is we have to make sure whatever action we take sticks. sticks -- is fair, it sticks and that on appeal, we are successful. let's look at the new power i was granted. the new power i was granted is the appeal time for a senior executive service employee of the va has been reduced in half. that is the only change in the law. what does that sunshine wel

he didn't have medical experience, but as retired chief of proctor and gamble, he knows how to handle a large organization. now after three months on the job, he's prepared to act. >> the new head of the veterans affair's department is laying out a plan to rebuild trust. >> right now the department of veterans' affairs has before it a great opportunity to enhance care for veterans in its history. >> reporter: the v.a. has been reeling from overwhelmed hospitals and secret wait lists, infuriating congress and veterans. vietnam vet bob wheeler spoke to al jazeera this here. >> as a former employee and veteran, i believe that any waiting list, especially hidden, secret, is no excuse for that to happen. >> seeking to send a message of accountability, mcdonald is discharging 35 officials and targetting another 1,000 for firing. >> in a case where people violated integrity, we are taking the action. >> the problem at veterans' affairs are deeper than a few bad apples. critics say the system is underfunded and ill-equipped to hand those who served in iraq and afghanistan and the ageing popul

proctor & gamble, kimberly-clark, these stocks hit 52-week highs. why the recent outperformance of this sector? analysts and strategists note these are more defensive stocks less prone to volatility and have decent dividends. with treasuries yielding at 2.3%. those have made these companies more attractive. however, those same experts caution that staples have become expensive trading at 20 times earnings. buyer beware. >> we have been warned. thank you very much morgan brennan. jim cramer went really zen on one particular stock. we are going to show you the clip and talk more about that stock just ahead. >>> a man who just went down in the record books. kevin harvick is with us. we will ask him about how he did it and what he is going to do with his money. "street signs" is right back. will that be all, sir? thank you. ordering chinese food is a very predictable experience. i order b14. i get b14. no surprises. buying business internet, on the other hand, can be a roller coaster white knuckle thrill ride. you're promised one speed. but do you consi

he's retired as chairman, president, and ceo of proctor and gamble before being appointed and confirmed v.a. secretary july 30 of this year. >> okay, kai jackson live for us in our newsroom. thank you. maryland's governor-elect is planning a tour to thank voters. larry hogan's "thank you tour" is set to begin tomorrow in st. mary's county. a campaign spokeswoman says more details will be released later today. hogan was the republican and defeated lieutenant governor anthony brown in last week's election. the montgomery county executive will sign legislation aimed at helping people previously convicted of crimes get a job. ban the box delays the employer's ability to find out about a job applicant's criminal record. the criminal history won't be available now until the end of the first job interview. >> lawmakers in virginia are back in work for a packed special session. legislators are set to vote on a new virginia supreme court justice. only one candidate has been interviewed so far for that job. lawmakers also plan to use the late session to make a final tweaking to the budget. the re

. >>> proctor & gamble's operations in argentina have been suspended after the company accused the giant of funneling currency abroad to avoid paying argentine taxes. >>> herbal life settling a lawsuit after the company accused of running a pyramid scheme. the company will pay $15 million in the settlement. >>> met life is meeting with u.s. regulators to dispute its designation as systemically important financial institution in order to avoid higher capper buffers. >>> there is a small format grocery store chain taking on the big players in the $620 billion u.s. grocery market business. in a rare television interview jason hart takes us on a private tour and shares how his company is disrupting the industry. >> we carry the most popular size. one variety. customer comes in. >> one product, one size, one price. >> we carry 1,350 items in the store versus tens of thousands. we are able to focus the volume into fewer products which increases buying power. >> reporter: this looks like rice crispies to me. it is your brand of product to me. >> we are able to cut out the national brand adverti

he ran proctor and gamble, a graduate of the military academy and i think he knows what to do in a largeureaucracy like that and i think he will do a good job. >> looking overseas, the third rail is this sending troops into iraq. president obama sent force but flatly rejects sending troops into combat. what do you think of these force. >> one level of analysis i think it's disingenuous to say we will only send advisors and they won't be in combat. >> i was an advisor and in combat all the time. if we're going to be with the indigeno indigenous force and train them we will be in combat. it's silly to say we will not. >> why do we do that then? why do we call them advisors when we know that's not all they're doing. >> it's public relations. i think the administration is not entirely clear in its own mind what its strategic objective is. think about it. we will send advisors to train indigenous troops to do what? well, to defend themselves? when is that going to be done? i don't think anybody is prepared to answer that. unless and until you can state what the objective is, you can't tell ho

we know it is bigger than proctor & gamble.is bigger than wal-mart and it is also bigger than general electric. >> back to you. >> that is impressive stats. >>> let's get the trading action at the big board. bob pisani has the latest. we turned positive briefly and now dipped back into negative. >> consolidation is very important for the markets. look at the s&p 500. we were back into record territory at the end of october as i recall there. important thing is we have very narrow trading ranges. eight, nine, ten points a day in the s&p 500. look at the vix. vix has essentially dropped back down. that is a very important development we have seen. here is also what is important. here is where we are right now here. the market is consolidating the gains that we have seen recently. we have had these flattish slightly up days. this is not green light for risk. the first caveat is europe. everybody is willing to deal with weak europe as long as ecb is strong. isis, ebola and ukraine reemerging as issues is also a problem. here is a p

both proctor & gamble getting big boost. kind of a defensive play, isn't it? johnson & johnson hitting some highs, travelers, 3m, nike. there were some touching the top but defensive play, it is such a hard play in this market in particular around the unchanged line. s&p could be lining up for fifth record close in a row. 40th of this year. dow pulling back. >> we should do a shoutout by the way before we go a step further. the veterans out there watching, god bless you all. we're all -- one reason the volume is kind of light today. people were staying at home, honoring veterans as we hear the closing bell on wall street. [closing bell ringing] >> see some veterans over at nasdaq who are ringing those bells. congratulations and our extended thanks to all who have served. let's take a look to see how stocks finished up. look at that, david, dow jones industrials might make a go of it. guess what, folks, and that holds that is a record. transports are in the record. i'm looking at them right now. that will not be a report. s&p, teeny gain of 1 1/2 points. nasdaq

proctor & gamble which makes crest toothpaste is phasing them out in 2016 after a dental worker saysnts' gums. the state of illinois has outlawed the tiny discs. it expects a complete phase-out by 2019. >>> mercedes-benz is not immune to the recent rash of recalls. this will be youtube video from a mercedes dealership of the 2015 c-300. the automaker today says it's recalling 11,000 c-300 and 400 models because the cars could lose steering at low speeds. mercedes issued the recall after two incidents outside of the united states. >>> many of the nation's restaurants and restaurant chains are honoring our veterans today with free meals. active military personnel and veterans can get free entrees from applebee's, california pizza kitchen, chili's, hooters and red robin tonight. discounts and free items are being offered at starbucks, red lobster and macy's. check with each merchant for specific details. you can go to my facebook page because right there i have a huge list of what's going on here in the bay area and around the country. >> thank you, michael. >>> up next, helping women c

. >> it does say he's basically trying to get out of position in png and -- would you buy proctor andamble? >> my thinking is he thinks they will have more impact on the duracell deal that he can directly effect growth in market share and free cash flow. i have total respect for this man. he invests in the only way that makes sense. by looking how he can increase free cash flows. the difference in his model is he wants to redeploy all the model himself that comes out of his companies and nothing wrong with that. that's a still issue. i prefer to get capital returned on a quarterly bayless so i can make the decisions myself. that is the only difference. >> market obviously setting records all week. s&p 2040 today. given the fed, given g geopolitics, do you feel toppy at this level? >> i feel fully valued. and i think what's happening here is we've gone out of the period where companies can't buyback their stock. and now and the end of the year buy back programs in place are being implemented and this bullish situation in japan that they are going to be buying equities off the s&p and t

taking a look at that global picture, there is some risk here which is the reason i like the proctor & gamble and cokes and some of the energy stocks and refiner sectors, the defensive plays like your defense stocks, is that i think we are closer to a late-stage economic cycle here. we're starting to see the sectors that really kind of represent late-stage growth, beginning to perform well. so i think the defense play as little better in portfolios right now. you catch a dividend yield. got a little bit of safety in stocks that weather recessions better than growth stocks. more defensive positioning, rather than a call on the overall economy. liz: so glad you clarified that. defensive versus defense. yeah, we're talking about defense with charlie, but defensive plays with you. let us go back -- >> -- are defensive too. david: but they're also vulnerable to the dollar, that strong dollar. >> yes, they are. no doubt. liz: which takes us back to the floor of the cme. watching treasurys, air comes out of treasurys. that may well be function perhaps, that the economy does look better? we'

single consumer package goods company heading down, numbers may be too low for the cloroxes, the proctorscoca-colas and doctor pepper's, i like that 52-week high. that doesn't quit. it's good to see how the airlines have been such leaders of the market and then the ebola whipping boys are now bouncing back so quickly. they are in the clear now that catching ebola is not the death sentence, at least in country. hardly a day goes by without the restaurant stocks going higher because of gasoline. they rank up there with airlines as direct beneficiaries. which reminds me that the stocks of panera and chipotle are back to where they were before they reported their so-called miserable quarters. and the red lobster free darden has become a fantastic stock to own too. we know there are great concerns that people in the 16 free oil producing states of this country will have their incomes cut back by a decline in the oil drilling budgets that so many are looking for. so far, though, we haven't seen any declines to speak of. and natural gas remains quite strong. even as i think that can't last, beca

this reminds me of one of talking about proctor coal encryption. -- practical encryption. i think there are times in certain applications where that risk is fine, and there are other times when it's not find. that's where guidance from pclob can be very helpful in terms of configure what are the files and when it we can a pretty good roles in wind we have to have very tight, accurate 100% certainty kind of rules. >> okay, thank you. at this point other members of the board will pose questions under the five minute rule and we will go in sort of reverse order down the line starting with rachel brand. >> thank you, jim. and thanks to all of you for being at the that's a good segue because first which i was going to ask was doctor, i was interested in what you're saying about in terms of identification, domestic violence context you want it to be perfect perhaps. can you explain what you mean by that? what's an example of identification methods that might be good enough but perhaps not perfect? a non-technologists as you know he could help me out that would be great. >> so th

buyingre hathaway is proctor and gamble's duracell battery business. 4.7shire will turnover billion dollars in shares. that is high energy. the house votes on the controversy over he stone pipeline. an impact on net's months senate runoff election in louisiana. billlandrieu how end cassidy want keystone approved. her rover want to show independence through democratic leaders who oppose keystone. >> the information we have gotten as they plan to pass a tomorrow, let me just say hallelujah. hallelujah.t again, >> president obama may veto at keystone bill and there may not be enough votes to override the veto. >> there is one under's you -- one under's feuded heavyweight champion. manages $81 billion in property investments. equity office properties for about $39 billion and hilton worldwide for about 26, the men overseeing all of that is here today. he is blackstone's global head of real estate and a front runner as the ceo. lamp --committed the committed philanthropist. >> it is good to be here. >> is a true blackstone is the only place you have ever worked. >> i started out in college. i me

at the proctor and gamble company on any given day 5 billion people on this planet use one proctor andre voting on us every single day. we need to win that vote every day. we need to do the same thing in the va. we have pockets of that in our clinics and medical centers we have a greeter-kind of system. in some places it's a red coat system where people wear red coats. we're inconsistent. we need to be consistent. we need to get that every where. we need somebody leading the customer service organization to improve that customer experience. >> harold ford. >> good to see you. how much will this cost and do you anticipate a congress that's more receptive and more willing now that you're there and the changes you're make, reforms you're making, mr. secretary? >> i actually don't expect any additional head count or cost because of the organization. in fact, what we want to do is simplify and move resources from the center out to where the veterans are and i'm hoping it will be a reallocation, non-incremental cost. the only incremental cost is we'll see the impact of the end of the war. yo