joining us in a first on cnbc interview, jm smucker ceo mark smucker. thanks for being here. you were able to demonstrate some pretty strong pricing power this quarter. consumer appear to be willing to pay up 9 percentage points for your product. how much appetite is there to continue that pricing power from here on out? do you see price growth slowing dramatically or even coming down at all? >> you know, leslie, thanks for having me. first of all, most of our pricing actions took place over the last 18 months or so. we still consider we are in an inflationary environment, although we have seen some relief on coffee. we have been very focused on making sure that if we do pass along inflation, we do it in a very prudent way, work with our retail customers and do so in a way that is cost justified. our brands have been able to hold this pricing and demonstrate both dollar and volume growth during this time period. >> obviously part of that, too, are higher costs are encouraging more americans to eat at home because the cost of dining out is more expensive. obviously, that's a b

consumer from this earnings call. >> all right, jeff, finally, jm smucker. that, do the results have to be good ? the stairs also lower this month by 5% as competitors like kraft heinz reported higher prices it sales williams last quarter. back in june, inflation, supply- chain challenges and ongoing back uncertainty were going to continue to impact results, pose risk for its full year outlook. jeff, you are stating away from smucker. >> i am. this is a sticky situation, john. you look at this chart, it's ugly. i see some support at 135. if you break 135, it looks like 420 is the next stop. i would rather own something else. you look at general mills, when you talk about being a laggard that smuckers has been on a one- year, three-year, five year. it doesn't make sense that exposure this earnings season has revealed the consumer strength. at the end today, not seeing it, it seems a little jammed up. and. >> difficult spread. >> i may put myself in probation. two data jokes in the same segment. >> and no complaints from me. from one dad to another, nicely don

oh, smucker's natural with real strawberries? steve, you always remember what we like. good morning to you. it is 7:26. i'm marcus washington, along with laura garcia. we are moving you forward with a look at our top stories. >> a man accused in the brutal death of a peninsula woman is due back in court in just under an hour for a competency hearing. investigators say the 33-year-old used a samurai sword to kill the mother of his young daughter outside the victim's san carlos home. his attorneys argue he is not competent to stand trial. today two doctors will present their mental health evaluations. >>> police in oakland are asking for your help this morning trying to find someone who may be tied to a deadly hit-and-run. oakland police posting this photo on social media of the person wanted in connection with the crash. it happened last month near 45th and bancroft avenues when investigators say the car ran a stop sign and struck a car, killing someone in the vehicle. they say the suspect ran from the scene but another passenger was detained. if you have any information

. >>> smuckers headed higher, the company raising guidance amid strength in the coffee and consumer foodhough revenue was a bit of a miss. don't miss ceo mark smucker with his take on the quarter in the next hour. >>> jolts is hitting the tape. let's get to rick santelli. >> carl, all you need tooz is watch the yields. yields are dropping and why are they dropping? jolts disappointed. expecting a number around 9.5 million. 8, 827, 000. that is the smallest jolt, job openings, since march of 2021. reverting there. that comes at a time when our last look at 9, 582, 000. so we could see the trends here. now let's start looking at consumer confidence. these are from the conference board the month of august. if you recall our number last time at 117, that was the best in two years, but boy, did we drop down. 106.1. we go from the best in two years to the weakest since may when it was 102.5. and if we look at the present situation versus the headline a very similar dynamic. the 160 in the rearview mirror downgrades to 153. it had been the highest since march of 2020. now we have 144.8. takes u

so to patsy smulen and everybody at kobi, happy birthday. 30 more years and you're on the smuckers jarthe environment and the oyster industry. but first, this is "today" on "the doctor will see you now." but do they really? do they see that crick in your neck? that ache in your heart? will they see that funny little thing that wasn't there last year? a new bounce in your step? the way your retinal scan connects to your blood sugar? at kaiser permanente all of us work together to care for all that is you. climate, long before pizza and hot dogs were the go-to food here in new york, oysters were the hot commodity. >> but pollution and overharvesting pretty much wiped them out from the area but now in the great south bay off of long island, they're making a bit of a comeback >> harry smith is here with that story. good morning >> we've done a lot of oyster stories. we did the billion oyster project together, all of that stuff. how much water does a single oyster filter in one day >> how much. >> 50 gallons. you know what they love more than anything else algae. they love that algae, right

unemployment number when numbers come out beginning september,then for earnings, i mean if you like staples smucker'sten down i know you like chips, so you know -- broadcom. cheryl: i like tuna more. >> a.i., broadcom the one will really make headlines, that stock is always followed nvidia did it yesterday got to highs around 900 reversed so let's see what they come out with norvele disappointed premarket action they did beat guidance with, salesforce the best pofrj in dow, toppy see if investors run with a positive report we've got some staples for people we've got, you know technology, for people like yourself, and then great economic data in what will be the last four days of august we can put august behind us another down august never good. you don't think going into recession i don't think a recession but on a pause rotational swing powell is going to tell us a lot where we go, technology, are i think the pullback is going to be a little stronger than we've seen so far i am not fearful i think -- >> okay my word tie is pivot, i am curiosity about pivot? how about you? >> i don't know if using th

in the latest usa today/suffolk university/smuckers goober grape poll joe biden's approval rating has "a new low of 38%." "that ain't so bad, jack. why i remember back when 38 was the highest percent that existed. then ol' patty numberton came and said, 'hey, fellas, what about 39?' and we all said 'that's the greatest idea since sliced bread' and they we all went, 'yeah, why don't we start slicin' bread?' i'm tired of choking on a loaf! no, i'm serious folks." the pole did have one bit of good news, by then, he is not kamala harris, because the sample showed her approval rating at 28%, record low for a modern vice president. really? even lower than -- even lower than 30% and 2008 for dick cheney. meeting to improve her popularity, she should seriously consider shooting someone in the face. why are they so unpopular? well, in a separate cnn poll, the majority of americans say by then it is not paying attention to the nation's most important issues. he is focused on things americans don't care about like infrastructure. he needs to change his slogan from build back better to we have th

and now a word from smucker's jelly! >> stephen: we got a great show for you tonight.ts are john david washington and tennis champion naomi osaka. but when we come back, "meanwhile"! join us. ♪ ♪ >> announcer: "the late show with stephen colbert" sponsored by allstate. you're in good hands. check. psych! anand i'm abouout to ststeal this g game from y u just like e i stole kekelly cr in higigh school.. you gogot no game e dude, that's's a foul! and now yoyou're readydy toto settle ththe score. gameme over. and d if you donon't have the right homeme insurancece cove, well, , you could d end up payingng for all t this yourse. soso get allststate, and b be r prototected fromom mayhem, yeahah, like me.e. thanks, brbro. takeke a lap, rorookie. real matature. just betetween us, y you w whatat's better r than moppip? anytything! ugugh. wewell, i swititched to swiffffer wetjet,t, and it's's awesome.. it's an alall-in-one,, that absororbs dirt and d grime deepep inside. and d it helps p prevent streakaks and hazeze. wetjet is s so worth i it. lolove it, or r your m money . nene

were waiting on big earnings report in the consumer space, tuesday, best buy, jm, smucker, h lots, wednesday, salesforce, victoria's secret, crouch strike thursday were waiting on dollar general, campbell soup, and lululemon. a lot of consumer names, arguably none of those names has the muscle that 3p cases of economic data out this week maybe have to power or problem the market, let's get you geared up in the floor show, interactive broker in carnivore trading dutch masters, great to have you here, let's talk about the economic calendar wednesday adp and the second quarter gdp number, thursday the fed's favorite inflation gauge pce and with it you get income as well, friday the august jobs report were expecting 170,000 jobs built, which one of them or all of them has a power to gyrate the broader market up or down. >> i'm going to discount adp because the indicator and to see it's okay and a barometer for the friday payroll. to me the court pce is powells and the fed number one to watch, point to percent which would be month over month, i'm starting to look month over month rather than year

so you probably saw smuckers, you were probably talking about smuckers which now says you can work anywhereanywhere you want, but you have to be in the office for 22 separate weeks. as long as you pay your way, get to the office. so the rest of the time you can be remote from anywhere, which is a really interesting way, the employees like that. all state insurance sold their headquarters. they have 82% of their workers, i believe, right now are remote workers. that's been working for them. four day workweeks, a whole bunch of companies have tried four day workweeks. and the studies show that four-day workweeks, there has been studies in iceland, in the uk, there has been a global study, they all found the same thing, which is that productivity is the same or higher, employees are happier, there is less stress and mental health improves among employees. so there is a whole variety of different variations and i think we're moving into a new era where companies and particular positions will be structured in a way that potentially makes a lot more sense. >> joanne, to me, it just does feel like

oh, smucker's natural with real strawberries? steve, you always remember what we like.ran crunch? good boy! do you want to see the kitchen? ♪ ♪ "give it to me" by timbaland ♪ ♪ ♪ ♪ ♪ i brought in ensure max protein with 30 grams of protein. those who tried me felt more energy in just two weeks! uuuhhhh... here, i'll take that! woohoo! ensure max protein, 30 grams of protein, 1 gram of sugar. enter the $10,000 powered by protein max challenge. ♪ ♪ ♪ meow, meow, meow, meow. ♪ ♪ meow, meow, meow, meow. ♪ ♪ meow, meow, meow, meow. ♪ ♪ meow, meow, meow. ♪ ♪ the wet food cats ask for by name.♪ >>> good morning to you. it is 7:56. i'm marcus washington. here is a look at what's happening now. breaking news right now, word of a large than normal quake near the geysers. this was a magnitude 3.9 that happened around 7:15 this morning. we know there were several small aftershocks in that area. our seismograph is picking up some of that shaking. remember, the quakes in that area are always tied to geothermal activity. there's no major fault in that area. >>> meteorologist kari hall

>> move a lot of hot money a lot of stocks that the -- the recession stocks are doing well, like smuckersmberly clark is doing well. >> williams-sonoma, constructive note of bofa looking for basically rate cuts going to help housing, help housewares. >> i think so. watch proctor. i was going to say watch j&j my problem with j&j they have the talc issue watch proctor that's come down viciously. kellogg is splitting off that's a very interesting situation. general mills has a problem. the dogs have been trading down which is ridiculous. dogs are trading down. can i -- i've talked -- look i had to -- i got nvidia nvidia is trading down right now. give me a break. i'm a buyer. >> we didn't get petco is down 20%. >> you know what, nvidia don't care for petco he likes just food for dogs. the stuff looks good i've had it. top flight. >> you've had -- >> when desperately hungry you're hungry. >> >> i thought it was bird's eye. looked like a burger. >> pet food. paved my own driveway. it's incredible. >> i ate puperoni. >> we got to go. >> we'll see you soon. jim cramer this morning as the dow is

spin the smucker's jars.n four decades rosalind is celebrating 104 years. she earned her mba at the age of 21 went on to a successful career in fashion merchandizing happy 75th anniversary so jim and betty firebaugh a love bird pair from prairie vil village, kansas. get this jim asked betty to marry him she enjoys soaking up the sun with the love of her life, her husband lester. he has traveled to 48 states. you are almost there, my friend. and happy 104th birthday to the official good luck charm at loyola university of after their first date. loyola university of chicago, sister jean cheering for men's basketball during the 2019 ncaa tournament sister jean threw out the first pitch at the chicago cubs game last night >> yes >> go sister jean, yes love it! all right. there you have it. sheinelle? >> that was good stuff we couldn't concentrate. we were so busy eating >>> coming up in the third hour and then later in the fourth, a special surprise for two college bound best friends that could change their lives

. >> put you two together, you are on a smucker's jar. >> coming up next, emily's turn on "today in the people not t listeng to whahat you wantnt? it's t truffle seaeason! ah that's s okay... never r enough truruffles. how mumuch are thehey? it's's a lot. ohoh okay - i'i'm good, thth- it's l like a priciceless piece of a art. enjojoy. or when ththey sell yoyou what t they want?? yeah. the e more we ununderstand y , ththe better w we can helplp . thatat's what u.u.s. banknk is for. huge relelief. yeah.... ♪ >>> we're back now 8:36 with our "today in the wild" series a closer look at one of the world's terrifying and intriguing reptiles. we are talking snakes. >> i have no idea. >> it's been a summer of record setting heat there is new research out that shows that snakebites actually spike when it is really hot outside. this is a topic that nbc's emilie ikeda knows, shall we say, all too well. >> i would say after a snakebite tried to sabotage my wedding in the rocky mountains, we are breaking down the dos and don'ts should you come face to face with a slithery reptile on your summer vaca

play the music and spin around the smucker's jars we've got a lot of birthdays to talk about first up never driven a car and that's how she stays active geniusefore vernon is from elkhart, indiana, celebrating 101 years. he worked for the same company for nearly 50 years before retiring norman brown of sylvania, georgia, is 100. 's pheud to say he was photographed as mr. september for his local ymca cal >>> good morning. it is 8:56. i'm marcus washington. new overnight transit police on the peninsula are investigating a deadly accident involving caltrain. it happened after 11:00 when eth train struck someone on the tracks near the belmont station. no further details are being released at this time. >>> happening now, san francisco state senator scott weiner is hoingst a bart ride along this morning. we'll highlight bart's ongoing improvements including new safety and security measures and upcoming projects, including the new gate >>> this morning on the third hour of "today," world cup controversy. strong reaction to this moment during spain's victory celebration. the head of the coun

al, she's 12 years away from a smucker's jar. >> i know.lutely. and inside studio 1a, jill i standing by this morning ready to kick off the steals and deals. all the essentials you need for the rest of the reason. up to 86% off. >> looking good, jill. >> god bless jill, back to work. >> all right you can maybe smell what matt abdue is cooking he's throwing some steaks on the grill. little cheese, onions. going to make the perfect sandwich for dinner or your next summer cook-out. >>> and after we eat, guys, listen to some music rising country star bailey zimmerman is here, and he's got a remarkable story he shot to fame through social media, and now his music is earning him all kinds of records and accolades, so we can't wait to hear him perform live this morning coming up in a few minutes. >> ahead on our third hour, backpack basics for kids and adults i don't know about your kids, but nick's backpack is like -- >> yeah. >> 100 pounds. >> his back was hurting last season >> whether it is back to school or lugging stuff back to school after

you don't want to miss smuckers ceo on "squawk on the street" later this morning.ack over to you. >> frank, thank you very much. we're going to be watching all of that and we will check in with you a little bit later this morning. for a closer look right now at the markets and the state of the retail investor, we want to bring in joe moglia, adviser to the president at coastal carolina university. joe, good morning. >> good morning, becky. good morning, joe. >> good morning, joe. >> so we're getting through the slower days of august and you've got people who are saying, well, maybe buying on the pullbacks isn't such a great idea anymore. that's what goldman sachs says. i was looking at it this morning, even with the pullback, 3.4% for the month of august, you've still got the s&p at 44.33. it's kind of like, what pullbacks? have we seen any serious pullbacks to this point? >> i think you could paint a pretty good -- you can have a good argument for why the market should do a little better. you can have a good argument for why the market should dnot do well and you'