remember last week they had philip morris that was bad and proctor that was bad. >> philip morris international. >> that was bad. >> a bad quarter. >> down 7% in one quarter. >> the japanese market, apparently. >> but, david, this is the one this is the test case. the reason i didn't like that quarter. >> oh, my. >> if proctor is negative they said we didn't do that good of a job in a lot of areas. in two areas in grooming. the whole pricing structure is in trouble and a lot of private label aggressive there looming it doesn't have looming kimberly that's professional care division and they were both good so if you want to start believing in one these consumer products down 21% with a well run company. this will be the test case for this group. >> okay. all right. >> got it. i'll be watching. >> and youee kp watching. >> we have an opening bell about

look at proctor & gamble i encourage you follow tocks play this game. '92 stock was trading 55, $60, but middle 99 traded $25 look at the broader mark. 06/07, the stock was a $75 stock within six and a half seven months, the stock was trading 50. then look at the broader market. i brought up the fact that proctor & gamble was $93 last summer, 70 now is it that mean and this is what the leave it out there hanging, does the broader market follow in kind? >> are you going to give us an answer >> leave us hanging. >> something to think on as we head to break. >>> still ahead alphabet volatile in the after-hours. we'll bring you those comments, plus it is a civil war. bitcoin versus bitcoin cash. both soaring to their highest levels in weeks. in the race to the top, hedge fund manager john pfeffer says there's one clear winner you will not believe how high he sees it going. find out when "fast money" returns. easy to analyze and take action? how about some of the lowest options fees? are you raising your hand? good then it's time for power e*trade the platform, price and service that give

last week proctor had open rebellion on the call.n i say that, that's very negative many say do you understand the new world? you understand you continue to have one area that is bad. i don't want to call it personal hygiene. north american plus six consumer said you have nine personal care very good. volume is very good. $1.68 was the consensus. they did $1.71 2% organic growth. it was a good quarter. you're still fighting the ten-year treasury and fighting bad input costs. if there's going to be a chance that it could turn around it's from lowered expectations and people trying to buy this stock. remember last week they had philip morris that was bad and proctor that was bad. >> philip morris international. >> that was bad. >> a bad quarter. >> down 7% in one quarter. >> the japanese market, apparently. >> but, david, this is the one this is the test case. the reason i didn't like that quarter. >> oh, my. >> if proctor is negative they said we didn't do that good of a job in a lot of areas. in two areas in grooming. the whole prici

company organic growth twice as good as proctor. was mesmerized about the weakness consider how worry some the future is for kimberly clark they need to fret about challenging and competitive pricing and devastating diaper numbers in china where they saw mid single digit decline. they are losing a lot of chinese market share and it might not come back because ceo told the analyst, the local chinese brands that have picked it up through ecommerce. get, that a trade down when you consider their inferiority to kimberly's products. it would be one thing if these were company specific issues unique to kimberly clark but proctor and gamble said the same thing, quote it was a challenging quarter in a tough environment, end quote we have synchronized global growth this is the moment when people should be trading up to solid brand products not going down to private labels both companies are losing share online as faulk told us it could be just beginning it was so bad on the p and g called that it almost descended to bewilderment. bark lays t

what you will find more now with large corporations, the car manufacturers and proctor and gamble andhey are aligning their products with movements. and gender movement fluidity and things that are more relevant to the human experience, they are pulling those in and talking about those with their products. that's not something that lends itself to political advertisement. you are not going to find the kind of negatives for products that you find for politicians. they just don't do that type of advertising. they don't say don't use this toothpaste because it is terrible. they will tell you all the wonderful things that there's does -- that theirs does. politicians are unique in their negative advertising. very frequently, during a campaign, you will have a couple of different kinds of ads. you will have a bio piece for a candidate. they will tell you all of their accomplishments. if they are a businessman or a frequent one is i'm not a politician, they will tell you about all the wonderful things they've done, there a eiromplishments -- th accomplishments. >> diane has gone out of her

last but not least, we have proctor & gamble this stock has been absolutely crushed. by the wholesale destain you have my to be my permission to be a buyer. the head winds of washington might be too much for some of these companies, the best in the world to overcome. ronda in kansas, what is going on >> caller: change all around us. debtor nation and unfunded pension liabilities drowning us. does the investing landscape for cram americans change? >> rise in interest rates help us fund these pensions plans so i think you are right to have the worries. but i think you will be happily surprised with how that issue is going. how about ben in new york. ben. >> caller: hey, jim, thanks for taking my call. >> of course, what is going on >> caller: you had someone call in and ask about eled. and it has come down from $200 from this year's all size high even though apple is not going to be using it in their devices, do you think it is worth speculating on oled? >> no. as a matter of fact if you want, why not go by apple. the reason you want to own apple is because of apple. yo

busy morning, a lot of earnings to cover david and jim just talked about proctor.have these rate expectations, jim, and the odds of a fourth hike this year are closing in on 15%. >> there's huge aims of money to be made by the stocks selling off bank of america. j.p. morgan and wells fargo, but i have to tell you, when you go over the american express conference call they're talking about initially being a headwind and that's important because american express had a terrific number talking about consumer spend. when you listened to that call rates should be higher and that's how good that call was. >> the other issue is why the transports have behaved okay in the face of crude that has cracked 69 today >> isn't that something? i know the rails led that move and they're not that sensitive and you get 400 miles to the gallon from those guys >> when you take capacity out or don't add as many planes as we thought, look at the package number for amazon. so great for fedex and so great for united parcel. >> interesting to watch southwest rally yesterday even in the wake

caterpillar told a different story this morning as did 3m however, companies like kimberly clark, proctorand gamble and food and consumer companies have rising raw cost. they don't have the growth industrials have to mask it. in this market we are beginning to see something that is just deadly, the sense that maybe this is the last good quarter. even reporting good earnings, investors are saying commodities are going to go worse. rising treasury yields make the consumer product stories even tougher because their dividends look a lot less attractive when the dividend is at three maybe consumer products companies will find a way to get pricing products back. stranger things could happen i think you need to temper your frustration. right now people are panicking even if you believe commodity is going to come down, and the company can figure out how to raise prices eventually, it may be too soon to buy the stock hand over fist even though i found it might be tempting the one thing that i i want to emphasis is that we have companies with pricing power let's go back to proctor gamble. facing co

. >> reporter: proctor and gamble the latest to report numbers better than expected. there's pressure from private label brands, and it's taking proctor & gamble down this morning. the stocks were down after the major chip maker in taiwan issued a down forecast. that's taking stocks down in the tech stocks in the u.s. checking on the markets. the dow, nasdaq, and s&p 500 are all trading lower, but no big swings yet this morning. >>> facebook venturing further into the tech industry. the company is building a team to design and building its own chips. there's no details on how facebook will use the chips, some uses include powering hardware devices, artificial devices software, and use with the data centers, and facebook joins other tech companies already developing their own chips. in 2010 apple started their own and uses them across many product lines, and google also has their own artificial intelligence chip. >>> no more swiping your card at the pump or going inside to pay for gas. general motors is launching an in cash payment system for gmc, chevrolet, and cadill

just pressed him about how proctor and how much money proctor is spending online i don't know anyone predicted any of these. >> yeah. we'll get proctor numbers this week. >> yeah. >> sir martin is on the cover of "the ft. >> may i say he looks 50 my wife thought he was 50. >> he's 73. >> you look 50, too. >> stop it. >> dow is up 140 let's get to bob on this monday. >> good morning. happy monday, everybody. i want to show the s&p future the. we started moving up over the weekend. most traders view the syrian operation as a bit of a success. i heard the phrase "one-and-done" a number of times. you see the futures over the weekend. and we moved up over saturday and sunday, actually, and increased as we went into the morning today. sectors and transport strong industrial strong. jp hunt had good earnings. that's helping a lot of transports ch robinson was strong the big industrials up on the upside health care is good. banks are going back to foreign here they had a pretty good going into earnings season i noted several times except for friday, the banks generally have held up very well

philip morris, proctor & gamble, altria and clorox. last but not least, quick peek at the homebuilders on concerns about high every rates which we're expecting this year. look at d.r. horton down 4%. they're down over 3%. lennar, pulte. we had back-to-back losses but came up off the lows. back to you. melissa: nicole. thank you so much. oil taking a break ahead of a big meeting in saudi arabia. go ahead, phil, can you hear us? oh, poor phil. we love him. i'm sure he had something brilliant to say. we'll check back. >> everybody has an interest in having level playing field, rules of the game and respect of the system so the companies know where and how they're playing. david: imf chief christine lagarde sounding a little like donald trump talking about fair trade. let's bring in today's panel. gary b. smith from the kadena group. he is in new york. fox announce -- news contributor and kevin kelly benchmark investments. like what he says about trade or dislike what he says, the fact donald trump is seth the pace. you wouldn't hear chris

there were similar concerns from 3m, from kimberley clark and whirlpool and proctor & gamble and from many other. companies like pentar. the big issue is pricing power. can the companies pass higher commodity costs on to the consumers, margins will get compressed. some can't. companies like proctor & gamble, kimberly-clark, they've got no pricing power and that's one reason they're sitting at new lows. others might be able to raise prices but if they can't margins get hit and stock prices go down. so how does this relate to higher rates higher inflation expectations help drive up interest rates. it's a factor in why rates are higher. when rates go up, interest rate sensitive sectors almost invariably go down, because they compete against treasury bonds for people who want to buy higher yield. utilities it initially decline when the ten year hit 3% but then they rallied and they closed in the green and that's because the market decided the concerns over peak earnings and the whole caterpillar thing, they ignited was a bigger concern than higher rates. a lot of cross current today. mich

honeywell and proctor and gamble report earnings. that will do it for us. thank you for watching. we'll see you next time.

honeywell and proctor and gamble report earnings. that will do it for us. thank you for watching.. >> i'm bob massi. for 35 years, i've been practicing law and living in las vegas, ground zero for the american real-estate crisis. but it wasn't just vegas that was hit hard. lives were destroyed from coast to coast as the economy tanked. now, it's a different story. the american dream is back. and nowhere is that more clear than the grand canyon state of arizona. so we headed from the strip to the desert to show you how to explore the new landscape and live the american dream. i'm gonna help real people who are facing some major problems, explain the bold plans that are changing how americans live, and take you behind the gates of properties you have to see to believe.

honeywell and proctor and gamble report earnings. that will do it for us. thank you for watching.ee you next time. >> i'm bob massi. for 34 years, i've been practicing law and living in las vegas, the center of the recent real-estate crisis. s re destroyed from coast to coast as the economy tanked. now, well, it's a different story. the american dream is back. and nowhere is that more clear than the sunshine state of florida. so we headed from the strip to the beach to show you how to live the american dream. i'm gonna meet real people who are facing serious problems, take you behind the gates of properties you have to see to believe and give you the tips that everyone needs to navigate the new landscape because information is power. and the property man has got you covered. [ woman vocalizing ]

shara proctor was hoping to go one better and pick up top honours in the long jump but had to settleronze too for lookups in the pole vault as england took the medal tally towards 90. katarina johnson—thompson will be hoping to add to that tomorrow after four events in the heptathlon, she leads the field and is looking for her first leads the field and is looking for herfirst major leads the field and is looking for her first major outdoor honour. what a great games this has proven to be forjack laugher. he has got his second gold medal of the games tonight in the three metre springboard. what's more he can add a third tomorrow in the three metres synchro partner chris peers. england a rts synchro partner chris peers. england arts elevating first ever commonwealth medals in the mountain biking, in the mountains. they got a 1-2, biking, in the mountains. they got a 1—2, gold and silverfor ali last and team—mate ev richards. 1—2, gold and silverfor ali last and team—mate ev richardsm 1—2, gold and silverfor ali last and team-mate ev richards. it is amazing. we have had a few years wher

. >> it's still the world's biggest products maker but proctor and gamble maker of conic bounds like tied, gillette is not immune to a changing marketplace. net sales were up. but p and g dropped prices by 2% in the first quarter. ceo david tailor acknowledging the changes are needed have large businesses in several difficult markets. e echo systems in which we operate around the world are being disrupted and transformed. >> i think p and g like a lot of big companies are finding consumers are ls loyal i a post mobile phone, post amazon world. it's not that they likehe brand less, it's just that they have more options. >> amazon is making lower priced household staples a staple of consumer shopping patterns. also discount retaile likaldy are helping keep prices down at super markets. hoping to find growth, p and g also announced it plans to acquire merck business at a cost of more than $4billion. margins on merck vitamins are good but total sales amount to roughly a billion ondollars. and analystsde w just how much impact it would have on pg. a company that does $66 billion in sales

proctor & gamble, they also highlighted rising commodity cost andve denson, they saw price increases for paper as well. several companies like chipotle separately brought up higher wages as well. how's everybody coping? a few said they were just going to raise prices in response. ao smith which makes wat urificationsair prices is raising the price tag on its products by 12% and rising freight costs but not everybody cse afford to r prices. auto, apparel, tech hardware and househol a personal product f their seeing some profits under pressure. all of these sectors are impacted by higher commodity cost. fo "nightly business report," i'm bob pisani at the new york stock exchange. >>> and higher commodity cost could ripple through the stock market and the economy t over next week and a half or so. we'll learn a lot more about el both with these of more earnings guidance, economic data, a fed meeting and the employment reports. joining us to talk about all of that is ryan sweet. he's direct oflt re economics. also joining us tonight is michael far. good to see you gentlemen, welcome. >> t

beaten up and allegedly molested by the cops the engine was served by the joiner that took out the proctor though they were almost marching towards the indian parliament and within few days you could see the action had been taken against a boss for an international. affairs j.n.u. versus a university near new delhi i don't you know and delhi police even here they're tweeting about this during the protest by j.n.u. students a section of students became aggressive trying to push down police barricades police had to resort to use of water cannon and a few protesters had to be removed from the spot but then they go on to say in this situation one female journalist has given a complaint of molestation and the same will be inquired into by the fortunate sponsor for action so you're not denying he didn't yet go hey one more thing you have done well also you know unlike the western countries here in india you know journalists on not really. reports on conflict or conflict zones or when they're covering her dose and on. where maybe a jacket or something a vest which you only seen. their press perso

products or product placement, you will find that with large corporations, car manufacturers such as proctor gamble, unilever, they are aligning their products with movements such as the women's movement, gender fluidity, things that are more relevant to the human experience. they are pulling those in and talked about those with their products. that is not something that lends itself to political advertisement. you are not going to find the kind of negative ads for products that you find for politicians. they just don't do that kind of advertising. there are now saying, oh, don't use this toothpaste because it is terrible, they'll tell you about all the wonderful things that there's does and how it is improving people's lives because of it. -- that their toothpaste does and how it has improved people's lives because of it. frequently during a campaign, you have a couple of different ads, you have a piece for a candidate who will tell you all of their accomplishments if they are businessmen. or a very frequent is, "i am not a politician." they will tell you about all the wonderful things they

proctor and gamble is down as well. the stoxx 600 is marginally lower as well.s is bloomberg. ♪ mark: this is bloomberg markets, i am mark barton from london. vonnie: and i am vonnie quinn. time for the stock of the hour. shares in the private equity firm on pace for their best day of the year after reporting first-quarter earnings. abigail doolittle joins us with details. abigail: they beat earnings by 45% to put up $.65 per share in adjusted earnings. billion in $1.67 revenue, beating by 33%. thatd this big growth, grew by 22% to nearly $450 billion. behind that, both financial appreciation and fundraising, some of the volatility in the markets, the ceo indicated that is helping them attract more ofs as they want this stability from these investments. bloomberged into the and use the dashboard, we will see how positive the market reaction is. shares up in a big way, 3%. the volume is much stronger than average, up 200% above the two day moving average. the possible warning is valuation at a 19% premium. when you compare that to the s&p 500, still really attrac

3m, proctor and gamble kimberly clark then fang. why these? i think the facebook is a rapidly growing site where you provide the content and they provide the ads. amazon, there is a 4 trillion market for retail goods in the world and amazon has a small fraction of this netflix, intuitively recognizing what you want when you want it why do i like that alphabet? it dominates surge which happens to be the moment you buy something. there is people working to invent something new and these are just examples. i also think that given how poor income growth has been for people in the country, there is a saving side, there is no time like the present you know i believe that gold and silver are terrific insurance components a highly unusual yet totally blessed by me idea is to buy gold or silver coins for people. or pieces of gold or silver. i bought slivers of silver for my kids by a dealer, and i forgot about them. they may or may not increase in crazy times where inflation could come roaring back, there is nothing that holds up that scenario better t

but proctor and gamble and johnson and johnson were taken to the woodshed. ibm took a shellacking.y long-term holder of the stock has been through these periods ahead of earnings in this particular cook era i'm personally holding the stock in my portfolio and i will ride the waves. the surge in crude oil, energy industrial material names, they led the s & p pack. and consumer discretion. but investors still seem to seek a certain level of safety. incoming fed president john williams, they think he's prepared to sway the body with a much more aggressive plan for fanning inflation. the 10-year bond yield finished up for a 2.956. you know what? i'll be thrilled when the yield hits 3%. it's silly to think that should be the death knell for stocks. i think we have a lot of opportunity to make a lot of money. so be ready. when the market rebound there will be a lot of opportunity. you don't want to miss maria bartiromo's "wall street." she has a special guest. >> i think what you need to worry about is this next correction might happen. it's likely to be vicious and hard. and the central

we had a former ceo of proctor and gamble be the va secretary, that didn't work out.id shulkin was a career bureaucrat. it's time to try something new and president trump's instincts with spot-on. he served in the battlefield. he was the doctor standing there when the wounded veterans were brought in. now that he's withdrawn his nomination, president trump needs to find someone else. he might consider the former florida congressman who was the acting va secretary under david shulkin. so we'll see what happens. charles: before we go, we should say that mitch mcconnell probably could do a lot more to help this process as well. >> i feel like in this case you should think back to the way things used to be in the u.s. senate where there was a greater decorum and less willingness to fight in the trenches. they should return to statesman like behavior. if you have a concern about somebody, you can say let's talk about this at the committee level and not ruin the guy's career. charles: i will say let's give a shout-out to ric grenell, finally confirmed as ambassador to germa

bloomberg has learned that proctor and gamble, told its brands that they can once again buy at spotsutube. this comes as a cnn report says more than 300 advertisers unknowingly ran ads on youtube videos that endorsed extremist content like white nationalism, pedophilia, and nazis and more. in d.c., senior policy advisor for the counter extremism project. they have been tracking and fighting this it of extremist content. mark, to you first. it was fascinating. they are coming back, but there certainly bringing in some provisos? mark: they are. that cnn story came out as i was communicating with png. they said this proves our point. what png is doing is coming on videos they have reviewed come a set of 10,000 youtube channels. they're much more selective than they were before. there at will end up anywhere. what we saw yesterday with cnn is that there are a lot of red advertisers placing ads on youtube. they have extremist content even though youtube says they fix the issues as soon as possible. it has been a long systematic problem. >> a long problems that you try to help offset. how

dow down 71, proctor, pfizer, exxon, are in the green.top trading in a minute of your manufacturing business. and so this won't happen. because you've made sure this sensor and this machine are integrated. ...& she can talk to him & yes... atta, boy. some people assign genders to machines. and you can be sure you won't have any problems... except for the daily theft of your danish. at&t provides edge to edge intelligence. it can do so much for your business, the list goes on and on. that's the power of &. & this shipment will be delivered... julie left her laptop open. she's gonna get roses and then touch an eggplant. they're planning on losing their virginity tonight. maybe they're just saying, "you're okay with me." "you're okay with me." what? i'm gonna stop them. -i'm in. blockers. rated r. you know what's not awesome? gig-speed internet. when only certain people can get it. let's fix that. let's give this guy gig- really? and these kids, and these guys, him, ah. oh hello. that lady, these houses! yes, yes and yes. and don't forget ab

proctor and gamble's upperinrepd pressure the whole sector has been awful all year the market leader, energy stocks up about 10% they've been fabulous this month. they're not really doing anything today that market leadership is missing. the big debate is can we hit the market highs remember the highs back in january? we were awfully close. we're 1% on the russell 2000 from 52 week highs and 5% on the s&p 500. you put that full screen up, i think there's a shot at that but we do have some issues for the markets overall. of course, we've got geo politics may resurface there's some other issues that are floating out there i think the big issue, though, is the fed and whether or not they'll get more aggressive. the final issue i'll bring up is the issue with slower global growth we had terrible numbers out of europe so far. they're very weak. europe will be up 1.9% 19% for the u.s. that's what a lower economic space will do for you. low lower economic number and stronger euro and a weaker dollar that fl that plays into the inflation picture as well. >> you can add trade worries that have

but proctor and gamble reported weak sales growth. down 2.8%.ith me on a day like this -- elizabeth macdonald brian and john leifielding and start with amazon prime that hits 100 million members. john, leifield that is nothing but good news, right? >> it is very good news i think jeff bezos proved best ceo in the world and i don't think 11 million prime members is such big news we know they were at about that level and much bigger news i think the only negative for amazon right now is the personal animosity between the president and jeff bezos and does that manifest in government intervention. >> now earlier professor was saying that that -- that maybe amazon is releasing this hundred million prime news because they want to counter the hostility from president trump. >> you have to ask a question they've never girch the this number before. one month after bezos was fighting with the president all of a sudden he's very forth coming with this. i think this is pr. [laughter] protection from being broken up or whatever. >> guys don't sell the stock

journalist jack proctor. >> police were willing to say publicly that they believed this may have beencret that in any homicide investigation, the spouse is always the first to be questioned. but before the detective had a chance to reach out to ellen, she was calling him. complaining about that article. >> she said, where did you get this information? she was upset that it portrayed that he was just an innocent man, father that had disappeared. >> the article didn't implicate you. >> yes, it did. >> i read it. it doesn't like lay the blame at your feet. >> yes, it does. >> she and miked a had a heated discussion and the next morning when she woke up he was gone and he hadn't taken a vehicle. >> ellen told the detective i have she was pretty sure he moved to phoenix, home of his lover dave simmons but more recently she believes he moved on to the caribbean. >> she said he's probably on an island somewhere. >> we had looked at land on st. croix. as far as i knew, i figured he had gone to st. croix. >> and that that's where he was with dave simmons. >> correct. >> in fact, ellen said she

disappointing earnings by proctor and gamble and phillip morris dragged on the markets. shares in tech companies also fell. >>> the faa takes action to try and prevent another deadly accident like the one involving that southwest airlines flight. >>> plus oxygen mask backlash. why this picture of passengers on that flight is sparking a social media frenzy also ahead. >>> another million dollar tear down in silicon valley sold. coming up we'll tell you how many offers for the burned out property in just three days. >>> natis 10:00, the -- new at 10:00, the older brother of stephon clark is speaking out from jail after he was arrested today for allegedly threatening his roommates. we spoke with clark and the roommates tonight who said that clark's behavior started changing after his brother was shot and kill bid police. >> tell him -- killed by police. >> tell him i'll pay for everything, i'm sorry. >> reporter: a somewhat apolegetic clark sat down and talked with us. although police have not released details of what led up to the arrest, this couple says they were the vic

saying there is a -- analysts are saying there is a thesis for m&a, and proctor and gamble sales areeclining, even though the company came out with numbers on the strength of its estimates, organic sales rose. these are coming from external factors like acquisitions. analysts want organic growth to be able to more rapid. we have been watching what has been going on with bond yields, the today increasing yields in the 10-year note is about eight basis points. at least for today, the flattening yield curve is getting at least one day off. the financials are the best-performing groups in the s&p 500 index. they are getting a boost, at least apart from earnings. is changingress some of its card offerings, offering new products. it seems that is working. and the full-year earnings per share forecast, this could be at the high end of the range. we seeing increases in a lot of the banks. there is a momentary widening of the yield curve. we see if it has any staying power to -- has anything power. lisa: let's get the first word news. mark: the judiciary committee will consider a special coun

proctor & gamble, 75.07, get to the consumer staples, comes out with those numbers, down 3%.ntel, dow, home depot round out the other five. it is ticking down all other names in cleaning and household products. names leading to tobacco, all the names on the board at 52-week lows, except for church & dwight. all at 52-week lows. trish: thank you, nicole. joining me "bullseye brief" author and publish letter adam johnson. we had david kotok on. >> love david. trish: he quoted you actually in his recent notes to clients. he said he was becoming so bullish now that he is scaring himself. but the fact he is quoting you -- >> that's scary. trish: that is what is supporting his bullish argument. we're going straight to the primary source. >> i love it. trish: adam johnson from "bullseye brief." before we get to that, i want to point it out to the viewer the president leaving key west, florida. hopping on air force one. we'll talk more about him. a lot of his policies specifically when it comes to taxes is what is driving the optimism. you have a market lower today. do you read much

proctor and gamble lower as well at 73.75.ading the let's take a look at bond market.head earlier because it is a huge aspect of today's story. look at that 10 year yield up to 2.96. that smashes through the high from february. the 2014 two-year yield also inching up. let's take a look at a year to date chart of the 10 year yield. you can see us breaking through the high. the key characteristic of that february selloff was the simultaneous selloff of wants and stocks. that is what we are seeing right now. some obvious catalyst. there is not an economic thing or fed thing. nonetheless, people selling everything today. julia: let's tie it to headline inflation. the problem is you can't guarantee it. today you could have hid in the dollar. heading for the biggest week of gains since february. the highest treasury yields and some risk of benefiting the dollar. amid a report the ecb will wait for the july meeting to signal an end to two 32. we had weaker api data. let's flip on as well and take a , we've been talking endlessly about the 120 level, the dollar and parts of wh

isiette: proctor and gamble in a 3.4 billion euro deal, expanding the consumer health care business bying a fast-growing portfolio of rants -- of brands. the unit was put up for sale last year as it seeks to put money into testing new drugs. and the ousting of the ceo of deutsche bank has now claimed is cheap operating officer and head of investor relations. at -- at thenure bank will in by mutual agreement at the annual general meeting on may 24. earlier the bank announces a memo to employees that john andrews is leaving because of the recent management change. that is your bloomberg business flash. anna: juliette, thank you very much. that's bigger has -- have been out in force this week. the main talking points of flattening your car and disputes over trade disputes. yorking of that, the new fed president set of trade conflict would be a terrible outcome which the u.s. could not win. let's talk about the u.s. economy, simon french is still with us. the fed very vocal on the subject of trade as was the fed --. what is the concern about threats to free trade if that's what we are stil

i auditioned for 29 years before i became ceo of the proctor and gamble company.in every four years and think you can drive success, our veterans deserve better. >> robert mcdonald was secretary of veterans affairs who had remarkable support from veterans groups when the administration decided not to keep him on. i hope you're one of the people they're talking about. >> i'll answer the phone. >> and then tell me what they say. >> i will. >> he won't. stay with us. the emotions that bring us together shouldn't drive us apart. but when you experience sudden, frequent, uncontrollable episodes of laughing or crying that are exaggerated or simply don't match how you feel, it can often lead to feeling misunderstood this is called pseudobulbar affect, or pba. a condition that can occur from brain injury... or certain neurologic conditions like stroke or dementia. nuedexta can make a difference by significantly... ...reducing pseudobulbar affect episodes. tell your doctor about medicines you take. some can't be taken with nuedexta. nuedexta is not for people with certain

what you are going to find more now with large corporations like car manufacturers, proctor and gamble unilever, they are aligning their products with movement. and gender movement things that are more relevant to the human that they are talking about with their products. not something that lends itself to critical advertisement is that you are not going to find the kind of negative for products you find for politicians. they just don't do that kind of advertising. they are not going, don't use this toothpaste because it is terrible. they are going to tell you about all the wonderful things there's does -- theirs does and how it is increase people's lives. they are unique in their negative advertising. frequently during a campaign, you are going to have a couple different ads. forwill have a buy in peace it -- a buy in piece for a candidate. they will tell you all their accomplishments, if they are a businessman or a very frequent one is, i am not a politician. about all ofl you the wonderful things they have done, their accomplishments, their business and things like that. [video clip

proctor and gamble announcing a deal in the health care business straight ahead the second hour of "squawk. [ music playing [ music playing >> announcer: live from the beating heart of business, new york, this is "squawk box." good morning, everybody, welcome back to "squawk box" here on cnbc, we are live on time's square andrew is on evacuation this week i'm here with michael san totoli nasdaq is down by about 13 the s&p futures down by 4. this comes after a mixed day for the markets yesterday with the dow down and the nasdaq both up. it's all happening during earnings season. so you see a lot of volatility among some stocks. let's tell you about some of them amazon's prime service now has more than 100 million members. ceo jeff besos announces that to shareholders this is the first time amazon publicly disclosed members for the prime program, which gives customers free $2.99 shipping all year, all kind of content. >> that stock up by $25. gain of 1.6% we have two economic reports on today's calendar the labor report is out. >> that is at 8:30 eastern time. at the same time, we will be ge

will -- or product placement, you will find that with large corporations, car manufacturers such as proctorhe line, unilever --ir products with movements very aligned their products with movements such as the women's ,ovement, gender fluidity things that are more relevant to the human experience. they pulled those in and talked about those with their products. that is not something that lends it soft to political you are not going to find the kind of negative ads for products that you find for politicians, they just don't do that kind of advertising. saying, oh, don't use this toothpaste because it is terrible, they'll tell you about all the wonderful things that there's does and how it is improve people's lives because ir toothpaste the does and how it has improved people's lives because of it. campaign, during a you have a couple of different ads, you have a piece for a andidate who will tell you all of their accomplishments if they are businessmen. or a very frequent is, "i am not politician." they will tell you about all the wonderful things they have done, their accomplishments, their

results.weighed on proctor and gamble adding a stable of popular medicines to the line of. -- the lineupreed to buy the business for $4.2 million. that is your bloomberg business flash. alix: thanks so much. what you get when you mix sanctions with speculation that market becoming for major mining companies? becoming for major mining companies? an explosion in industrial metal. nickel hitting the highest level since 2015. aluminum at six-year highs. anding us now, lori heinel, patricia ribeiro -- and andrew cosgrove. andrew, i want to get broad scope. is the rally we are seeing in aluminum, nickel, is that sustainable? andrew: you have to differentiate. aluminum, different factors. u.s. sanctions, paris, real things that are happening. the nickel market -- a lot of confusion. there was a notice that was floating yesterday -- nickel saids rose because the lme they were going to delist brands that were tied to previous production. this was 2017 in october. i don't want to say fake news but nickel is rallying on false pretenses. alix: fair point. i, if we get the rally on industrial metal,

faster growing than a proctor, faster growing than a clorox it almost has to be rerated as a company that sells consumers products rather than a company that is in a fast-growing retail group. >> sure. yeah of course, it comes on the heels of dunken doughnut up .5. >> all qsr i think that's mcdonalds. >> and i listen to that and, okay, he's a well reasoned guy some of these companies are doing well but i don't -- look, i always wait for them to say this is a fraud. saying this area doesn't have a lot of growth. it made me think, you know, here is something the average north american 300 cups of coffee more in the west a cup and a half a year in china. what they have to do is missionary work. they have to make it so the chinese realize they should start their day with a cup of coffee if they do that, but, you know, wow. >> that's a tough sell in china. >> yeah. it's about tea in china. we know that. >> yeah. we'll get cramer's mad dash and count down to the opening bell and talk to kevin johnson from starbucks in a little bit. another look at the premarket on this friday. just another

pepsico is lower, and proctor and gamble lower by 1.2% on to down a list on grades -- to analyst downgradessche bank. and finally, i would like to look at the did a chart of the bloomberg dollar index. it is climbing higher. while today might not be risk off, we do have the dollar trading higher, suggesting some of those investors might just be heading to the sidelines in cash, francine. abigail, thank you so much. wither on, we sat down [inaudible] it is not marginal on anything, and there is a very good economic perspective. we are in a safe harbor in terms of the position. we are committed with the european project. we are a very little member of the group, and we work together. we build those countries to clear this subject. incentives, the tax what kind of impact does that have on real estate? it centeno: as i mentioned, is really marginal at the big stage. the country is improving very much in terms of its economic conditions. to the been committed program that is staying up in terms of the results. an includedis now growth trajectory. it is very important to count on everybody. tom:

then you get the proctors and the kimberly call and you're like my god. colegate is on friday.ook at clorox has come down very much. the bank stocks reported incredible numbers had i overseen a group of stocks do nothing on incredible numbers. united technologies fantastic. but then sherwin williams. then faulty homes stock is great but then the ten year looks bad. there's a yin and yang what people are concerned about they don't want to be the one who is caught paying up. >> no. >> united technology a possibility of those splitting them up. you have climate 10% you have aerospace up 18 -- 16 military up 20 people say you don't have to pay up and sellers come in. >> futures looking up this morning. as you pointed out good quarters for both good quarters from caterpillar. >> monster but once again, david, in six months ago caterpillar will be headed to 180. but we're all afraid that -- it's fear. if the zte fear is what i call it you covered it the idea that we could actually be consistent in trying to squelch relations with china then we bring out people on the weekend and say,

but the proctor was like, okay, we're going to get to why grooming is so bad we'll get to why that division bad. that division was so bad it was a tough call to listen to we have two calls yesterday that were png and pnm. >> some people wondering about allergen yesterday bloomberg reporting the possibility that japan's decatur will come back for shire it's an irish company. trades in the uk they may come to them and say you have to make another statement. but allergan came out, as a result, of being contacted saying you have to make a statement now after reuters said there was interested in buying shire. they did it and then we reported not long after they were not going to follow through with an offer. and they said we're off. we're done we're not doing anything. >> that was insanity. >> the board saying we're not doing this stock tipping down it's gaining back a bit today. you can see where shire is, too. it backed off, of course it's very difficult. >> i thought allergan was done revance is the botox only twice a year. by the way, can i mention that ge, you talked about what ge has to do

how do we justify this proctor and gamble, pepsi later. it's a growth of 1%. this stock may arguably be, are you ready, ski daddy -- the cheapest stock in the s&p 500. maybe that's why they're buying back 9 billion >> that said, people will do what 9.50 in 2019. >> 920 >> all right why wouldn't you be higher they seem to be blowing all the time >> yes gdpr >> they did flag gdpr as a risk to mu and a high end on costs as zuckerberg said on the call last night. take a listen. >> we're going through every part of our relationship with people and making sure we're taking a broad enough view of our responsible, not just to build tools, but to make sure those tools are being used for good this means to invest heavily in safety, security and privacy >> so the ongoing skeptics mate sigh this is early, early days >> but let's talk about capital expenditures they were guiding 14 to 15 build. they came in at 15 ruth, alphabet surprises us with a guy g a. >> mel b: -- a. >> mel b: gapt a gigantic spread they said it's a much better use of money to go with facebook on tv i

proctor & gamble remains the one potential bidder for the unit.versations with people close to the situation, it doesn't appear likely they will reach a deal because they are far apart on price. pfizer had embarked on the sale, potential sale of its consumer unit with the hope it would fetch as much as $20 billion but sources familiar with the situation indicate that p & g is hovering closer to a $15 billion or $16 billion number. the gap there, too large to bridge at least at present therefore, pfizer may not go ahead and obviously do a sale. what else would be in the cards for the company? it is possible that it might pursue a joint venture of some kind with not p & g but the two other bidders, although that is early in the process what we do know as well is an expectation on the pfizer side that they will try to reach some sort of conclusion in the not too distant future given this process has been ongoing for quite some time. the hope is that in the next few weeks they will reach a conclusion of some kind, whether it is seems unlikely at this

low lowser for proctor and mills, kimberly-clark, hershey as well. brand names influence waning heavy competition, of course thin mother-in-laws. retailers, jcpenney, gap stores, "elle" brands also weak today. here's the good news we are getting rotation here it's not like thing are just down rotation is about commodities. we are seeing rotation in april into energy stocks and materials. that is the commodity play we keep talking about we have seen money coming out of semiconductors and notably coming out of consumer staples that's a big story, the continuing drop in consumer staples. retail also weak better news. earnings hit 20% growth for the first quarter. believe it or not the numbers keep going up. that is good news. the second, third, and fourth quarter numbers are holding up as well. back to you. >> robert, thank you we appreciate it apple sparking fears in the markets today, and how visitors also worry being the impact of raising interest rates. the president's tweet taking down oil, and a a on the of earnings coming out next week. a lot to

the most famous one was when proctor and gamble had a seccist advert saying women all over america aremake the news back then, here is a little clip. clip.. idon't news back then, here is a little clip. clip.. i don't think it is right for kids to grow up thinking these things that just right for kids to grow up thinking these things thatjust mum does everything. if you see something you don't like or are after phoned by on television or any other place, write letters a nd television or any other place, write letters and send them to the right people and you can make a difference for, notjust people and you can make a difference for, not just yourself people and you can make a difference for, notjust yourself but lots of other people. frankly i think her royal crest is going to be make the change, because thatis going to be make the change, because that is her, that has been her motto throughout her life.” that is her, that has been her motto throughout her life. i mean she, as she grew up, she has carried are on with that campaigning, for someone who is a feminist, someone who is dete

proctor makes money. we know how a walmart makes money.ot of issues about how these companies make money and i think it's a little scary to people who are in their 60s and 70s. how do they do it? you know how many guys in their 80s on the panel >> no. >> leahy, hatch, feinstein. >> that's why the times called it a five hour tech support session yesterday. >> brutal. i anyone under 30 has any understanding or expectations of privacy? think about what you put on facebook did anyone think it wouldn't be shopped? how could they not think that? honestly, guys i think people are surprised yesterday the journal did a piece on what is uploaded every time you a selfie. it's your battery power, the location, your face. >> when someone sends you do you know what they say i'm sending a picture of me. >> i'm out there. >> okay. i'm saying, you know, you hear what people say? [ bell ringing ] >> that's the opening bell discovery is celebrating the recent acquisition. >> synergy members there of course they are far higher than at least they had anticipat