plus -- >> have you tried staples. >> staples >> hmm, maybe you shouldn't. carter worth explains why you might want to be wary of consumers' basic necessities finally. mike khouw's plan to netflix and chill. no, literally. he lays out a way to keep your cool going into earnings binge next week. time to risk less and make more. "options action" starts now. >> let's get right to it a slough of big bank earnings on deck goldman sachs, wells fargo, report on tuesday followed by results from bank of america and morgan stanley later in the week financials up more than 17% this year underperforming the broader market one trader betting on a bounce for one name in a report let's get into the money right now and dan what are you looking at. >> regular viewers of the network probably know i'm not constructive on bank stocks here i do not like the way the investment banks act i don't like the way some of the money centers act but i like the way jp morgan acted if you have to buy a bank buy jp morgan on dips but here is the two-year chart on jp morgan this is routinely

you went through those staple stocks.e united states and obviously in europe people are overpricing stability. they are overpricing growth in the absence of growth. and what is compounding that is the incredibly low interest-rate . when interest rates normalized in 10 years, the discount goes up quite a bit, and secondarily a completely different set of worries will take over. marketss who used the psychology to their advantage will benefit. matt: we will keep you with us. bill smead, our guest cohost this morning. we will come back and talk to ,ou more about those stocks more than $1 billion value funded at 18% so far year-to-date. up next, the stocks on the move including ericsson, they raised their sales target as phone carriers boost their 5g span. this is bloomberg. ♪ matt: welcome back to the european open. we are 11 minutes into the trading day looking at a picture of the groups that are moving this morning. you can see more down than up. resources, food, beverage, oil and gas, banks all down. on the upside you hav

>> all hundreds, they were stapled. >> stapled? >> $1,000 stapled.n the courtroom that you say hired sigfredo garcia to do this homicide? >> the only one i seen is katie. >> the witness has identified defendant magbanua. no further questions. >> your honor, at this time the defense calls katherine magbanua. >> katie magbanua broke her silence. >> for more than four hours wednesday katherine magbanua took the stand in her own defense. she's facing life in prison. lay] [gust of wind] [sounds of items hitting phone] [trumpet plays] [thud] [spray of sprinklers] ♪ [trumpet plays] in a vast desert completely wdevoid of basset hounds. ♪ [ back in baby's arms by patsy cline ] then, it appeared a beacon of hope. ♪ i'm back in baby's arms more glorious than a billion sunsets. we were found. ♪ i'm back where i belong found by the hounds. ♪ back in baby's arms happy halloween. thank you! what do ya got? yawn ♪ yeah! woo! pleasure doing business with you. >>> now< inside the leon county courthouse, luis rivera has just told jurors how his childhood buddy sigfredo

when you get out as you heard in that story it is a staple in indian kitchens and and that's makes it really politically sensitive a vegetable arguably the most politically sensitive vegetable in india and there have been examples where it has actually led to the fall of the government the one that comes to my mind was this isn't the case in 1980 when the daily state government was actually wanted out of power when the onion prices skyrocketed and they have been other instances one in of course 980 when prime minister indira gandhi was awarded back to power when the coalition government then lost because of and in prices you just you just mentioned it it's not the 1st time this happened critics say it's a vicious cycle and pop coming from misguided government policies what are these policies. well it is indeed of familiar cycle because see the prices go up when there is some weather related event the government steps in it goes and actually puts a restriction on exports prices stabilized and prices actually cool down when new crop comes in that's when the farmers get what'd they go an

. >> staples >> hmm, maybe you shouldn't. you might want to be wary of consumer aets basic necessities. finally. mike khouw's plan to netflix and

washed away and right now, former brown or mighty important to us because we need more to grow and he staplen so it's up to everyone to make the most out of every acre of land that goes into it. ♪ ♪ and in the afternoon, this is a day farmers go to town and at the mother and father market and it's rather early but this must be something special. (inaudible) are they going to stop? they're going all the way on through town. what they have that so exciting? all no wonder there in the room, no wonder whether excited turn like the big brother at the squadron. to be there maybe even a chance to watch them fly. ♪ ♪ (noise) >> i'm a proud of their son barrasso proud of former brown woman has an important job he receiving his legs and proud of them just for being in america and at a time where every american as an important job to do. >> today, we are going to be talking about the life of ronald walter's from 1969 a 2010. doctor walter's was an imminent political scientist who talked about more extensively about black leadership and wrote about reparation and anticipates the rise of na

and that continues to support i think whether it's staples, utilities, whether also defensive kind of big box retailers which are trading at premiums that i think you have to be very careful about because if all the stuff is coming down as everybody's calling for it, the consumer is going to be in a very difficult place as soon as the end of the year. and i -- i mean that because we are going to see the fed was asked about payroll numbers. talked about the downward revision to payrolls at 153 average the the past three months be careful of that. >> it feels similar but in different ways to q 4 last year. at the end of the day the government shutdown was the thing that took out the air from the consumer in the near term and the negative welt effect with the stock market going down process utilities and staples acted well until november, late november the s&p already in adown turn last year but when the bottom fell out in december utilities and staplings with went down 10, 12% in line with the market again you see utilities trading at high valueses and staples at high valueses. you have

we replaced it with kroger i don't love the consumer stapl stapl staples world.er customer an alityics to keep their prices low >> your big trade? >> i did i gave you guys the heads up great brands, international growth opportunities dtc opportunities. they will grow, middouble digits i think they'll continue to generate cash and return to share holders. i took the money from mcdonalds. took my profits and put it in this one >> final trades. >> joe, you are first? >> semis pushes hard and is working for me teradyne going towards $60 that's a seminame i've mentioned in the past. >> do you have a name for us >> broadcom. gives over a 3% dividend yield >> does that mean you own it >> i do. i'm happy this apple news has it going higher >> trex. we actually like the housing market we like the repair market here this is what we bought when we sold fedex earlier this year >> want to comment, charles schwab i think it is too early. these are phenomenal companies they will eventually work. i wouldn't run into them quite yet. >> thanks for wauchling. "the exchange" begins

it is extraordinary to see some of these staples companies trading at the same multiples as alphabet.f insanity in the markets when the earnings have actually deteriorated and have become more volatile over time, not less. about the, you talked idea that you expect rates to remain very low for a long period of time. why should these bond proxies give up multiples and that kind of environment? chris: it comes back to earnings, and you can only put a high multiple, low discount rate on these sorts of businesses until the earnings start to roll over. we have seen that already. some of the companies we have been short over the years -- campbell soup, kraft -- we saw earlier in the year, especially when kraft heinz starts to break and profitability roles over. at that point it does not matter what the multiple is when the earnings decline so significantly. when you look at the central bank and the support the markets have had over the last decade or so and you look at i guess the little ruckus we had on monday with japan, even thinking about possibly pulling some of their support out of th

plus -- >> have you tried staples. >> staples >> hmm, maybe you shouldn't.worth explains why you might want to be wary of consumers' basic necessities finally. mike khouw's plan to netflix and chill. no, literally.

kings fans believe a blank space is preferable to seeing a taylor swift banner flying over the staplesenter. whether your beauty routine is 3or 57,... make nature's bounty hair skin and nails step one. it's the number one brand uniquely formulated for silky hair, glowing skin and healthy nails. nature's bounty, because you're better off healthy. nyquifor your worst cold andrful relieflu symptoms, on sunday night and every night. nyquil severe. the nightime, sniffling, sneezing, coughing, aching, stuffy head, best sleep with a cold, medicine. >>> we're on the scene and i >>> we're on the scene and it's really bad. >> is the person still trapped in the car? >> yes, he is, and the car is on fire. >> police in columbus, ohio, are praising three of their officers for saving a man from this burning car. they had to pull him out of the wreck by his legs, and just in the nick of time. the fire flared up and completely engulfed the car. the driver only suffered a broken leg. >>> "fortnite" appears to have gone down a black hole. online dark yesterday ahead of a new season. the entire map was wi

a pretty atypical german people here simply love their meat and sausages and that's part of their staple diet but here to change is coming even major fast food chains famous or notorious for their burgers and are changing their ways it has been a slow process but it is picking up pace still if you look at a typical german christine you might think the switch to neat lists will be quite a challenge. around and sizzling straight off the grill. and orwell smokes this is the way the germans like their meat and they do like their meat. pleasures croaks or maybe it's part of our food our nutrition you know that's the way it's always been most of the. germans consume almost 60 kilograms of me to gear on average that's considerably higher than the world average of $34.00 kilos. but even in the land of the car even worse things are changing. consumers are chewing over the idea of going meat looks to back animal rights environmental protection and elf take this green food truck at a farmer's market in fribourg it's sausages are oddly angular they're made of tofu . and this man is sampling them for

it was a year of risk off in highly defensive areas of the market, specifically utilities, reits, staples winning. health care is the other area that's defensive but offensive in which i think at this point it's a hedge you win, tails you win. let's talk about it. so since data is available back in 1989, this is a chart showing health care's weight as a percentage of s&p it's been higher, 16.5 and obviously it's been lower right now at 13.5% the average is about 12% and my thinking here is that not necessarily depend on this but that there is surprise potential in health care let's look at a few charts so this is -- well just to show you this is how important health care is. with the exception of tech, the sector is the second biggest sector in terms of weighting in the s&p. what's remarkable is that it's second biggest and yes it's been the second worst in terms of performance. and we'll look at that in a bit. here is the all data chart going back to 1989 and this is the relative performance to the s&p. the top is the sector, the bottom is relative performance we have this circumstance o

week yes we recovered today but if you look at sector by sectorutilities up on the week it's reits, staples, health care and everything else is down. tech pulled off a gain on the week but tech in way is defensive we know mid-cap, bad week, small cap bad week preponderates saying a certain thing you can recover but did you undo the damage. >> what did you want to see to undo the damage? we saw a reassumption of the groups that had been leading we saw the rotation to value we saw value stocks lead us out of the midweek rut. >> value, remember, the initial move in value let's say six, seven weeks ago and then the incredible giveback, you still made no progress on the so-called value recovery trade. >> being the only reasonably constructive person on this desk right now for the markets, i feel the need to stand in the pocket right now. >> the ah. >> pocket. >> we did in the short run recover. the s&p back above the 50 barely this is arguably still dsh thshs the line in the sand if you think about the data we had this week, we had very poor services p.mi. frankly that's the surprise of the week

. >> during one of her sales calls she met the columbia business man ben staples and they became close friends. >> could she sell anything? >> she could sell anything. it's just her personality. everyone liked her. >> she had something else that set her apart. talent. >> i can't remember the first time i heard her sing but i was amazed. amazed at how great she was. >> tammie sang with a local band, jump start. >> voices like that are just gifts. somebody gives you that from above. >> friends thought she could take her talent big time but tammie seemed happy to remain in columbia. one of her giggs was at her friend's annual barbecue. >> she enjoyed this. tammie was an entertainer. she didn't just stand up there and sing. >> along the way in 1996, tammie met and married a local boy, brett parker. a medical supplies salesman. he had been a star athlete in high school. he was always throwing some kind of ball. >> he played football and softball. he was an all american kid. >> an injury sidelined any thoughts of a career in professional sports so he took up amateur softball. that's how he m

that is why staples and bond proxies are doing so well. bias do you think will be in the reaction to the numbers tomorrow? mike: a lot of it has already been priced. if you get a really bad number, the curve will probably steepen dramatically, and that could help something like banks. i do not anticipate any wildly low numbers tomorrow, but if it happens, my guess is the market will price in a fed that will be much more aggressive, the purple steepen from the front end, and that is typically a sign of a recession. we were talking offset about how the banks will be looking better. alix: thanks so much. morgan stanley's mike wilson joining us. now we want to get an update on what is making headlines outside the business world. viviana hurtado is here with first word news. viviana: today the impeachment inquiry will focus on the former special envoy to ukraine. he will be interviewed by house democrats. he played a key role in connecting rudy giuliani with ukrainian officials. democrats call a cut -- a text message to giuliani evidence of hig

lebron's lakers at staples. at staples. more news aft ...6, 7, 8 at staples. ♪ ♪ ♪ big dreams start with small steps... ...but dedication can get you there. so just start small... start saving. easily set, track and control your goals right from the chase mobile® app. ♪ ♪ chase. make more of what's yours®. aaddiction. how juuline hooked kids and ignited an public health crisis." other news outlets report- juul took $12.8 billion from big tobacco. markets e-cigarettes with kid friendly flavors and uses nicotine to addict them. 5 million kids use e-cigarettes. juul is "following big tobacco's playbook." and now, juul is pushing prop c to overturn e-cigarette protections. vote no on juul. no on big tobacco. no on prop c. >>up those devastating tornadoes in dallas, the wild weather continues across the us today as millions of americans are under wind advisories and warnings we have strong storms they're bringing rain to the midwest and northeast here in california. almost 23 million people are living with fire watches or warnings, not a romero explains why some pe

unilever, in terms of consumer staples. you could consider anheuser-busch and diageo consumer staples as well, depending on your proclivities. let's look at european markets, opening mixed this morning. anna, we see most stocks gaining, -- indexes gaining, but not by much. the cac unchanged right now. 0.3%.d ftse, up anna: sort of a flat to mixed picture, as investors await the next round of trade talks. they are set to restart in washington later this week. joining us with analysis, the head of asset allegation -- allocation. talks,ead to the trade if you could. we have seen confirmation that the talks will take place, but there are other tensions. the u.s. blacklisting chinese technology companies on human rights grounds. how optimistic are you for a deal? what kind of deal should we look to? a large, all-encompassing deal, or something narrow? >> we could expect a truce in the trade war. if anyone has an interest in preventing further deterioration in the situation, because it could create a further struggle in the econo

it is considered our main staple. it takes a lotot of work to dismembmber waller'r's. kicks ew here okay to find that out. takes the family to put it away. surve hereret's aboufamily . i ow i have relatis thther. i ju don't kw very mh connection with my rusan russian relativeat allll. i thers a real big the. sure i've heard stories along time ago hallway there was interaction between the villlles before e the ice cream. i think about all my grandparents might have felt when they separated them. that must have been a big grief for them to lose that connection. lot of our elders have passed should i made would love to have a reunion. the. right up to a travel coordinator fofor dy meet. . i administrate all the programse have allll the acaccounts we oversee. like taking care of dying each. the last reunion where is s here the early nineneties. so thihis iss gonna be the first the bench for a long time. i think it's gonna be so special. raraw eight will btrtraveling to wellss today y with beariring our weatr be stayiying a a thehechool. and maybe five or six fact my house

. >> why hasn't this ridden the tide of the staples trade? >> it has for sure. >> $300 billion market cap you got all the benefit of that two spot you already got it >> you already got it. >> an above -- >> but not much. >> s&p dividend yield i think is 1.9. you're getting 2.6 here. >> look at these gains. >> yeah. no -- >> you won. >> if you're in the stock you won. you won already. >> i think with procter & gamble you have to think about what's interesting as an investment, u.s. investor wanting to invest in a multinational, like 56% of the business is international and of that 56%, two-thirds is emerging markets and heavy exposure in china and southeast asia and so as these millions of people are going to, you know, not quite middle class but moving up on the economic scale, they want to buy the best brand in the world and that's p&g. >> you won you look at the names, the gains are remarkable year to date. is it time to take profits >> i'm not saying -- i'm not saying like run out of the stock. i'm just saying, this is not like something t

you may find that consumer staples just don't move the next year or two. if anybody said these guys would be doing 20% to 30% this year, i would have laughed they've done that. i think these stocks will stall. i don't necessarily see a big sell off i just see a relative underperformance versus the market >> jon cox, we'll leave it there. head of european consumer equities if you want to get involved in the conversation, we are talking consumer goods and brexit so far. tweet us here at cnbc or directly >> coming up, in a cnbc exclusive, olaf scholz hits back at the feeling his country isn't spending enough. more after the break my gums are irritated. i don't have to worry about that, do i? harmful bacteria lurk just below the gum line. crest gum detoxify, voted product of the year. it works below the gum line to neutralize harmful plaque bacteria and help reverse early gum damage. gum detoxify, from crest. (client's voice) remember that degree you got in taxation? (danny) of course you don't because you didn't! your job isn't understanding tax code... it's

as you can see this, if you look closely, you can see staple marks in the top corners. was actually hanging in the mess hall, in the morning of the attack, this is how the pilots knew that today was the day that the attack would be carried out. well they didn't want everyone to know, and so the bomber on here is listed as special. this document comes from the collection of a gentleman named bag knew, he was a physicist who was instrumental in planning this attack. he was very diligent about keeping that evidence of this event, how important it was going to be, he insisted, for example, that cameras be placed on the plains, which is why we have the footage of the attack, which is actually held in the archives here at hoover, as you can see here there is a picture of the plane, his dog tags. one thing that makes this library very special is that we provide event access, to all, therefore we have students, professors, historians, journalists, filmmakers, everyone. they can use these materials, to promote a better understanding of history. we are about here for a very thoug

politics of bali comes a close 2nd it grows very well in the north europe and it's still a popular staple in the nordic kitchen take 145000000 liters of lukewarm water 135 grams of barley flour and a small pinch of feast and let them ferment overnight. next meets 250 grams of plain flour with 200 milliliters of buttermilk and let it rest for 30 minutes. while you're waiting mesh 70 grams of boiled potatoes along with another 50000000 liters of bottom up and don't be gentle that's what the rain years old i have maybe a tell you former president. is famous for the tough line she took against flooding near putin she was really likes to go against the grain but sometimes wants to be taken with a pinch of salt any joke that. if i will know i will be happy to see i can joke a little bit let's be serious and not just a pinch actually. 8 grounds is what you need right now. then add 115 grams of poly flour and 50 grams of barley malt. 7 grams of east. now at your bottom oat flour mixture and need everything well for about 14 minutes. let the dough rest until it doubles in size. split the dough int

you heard it there it's a staple of every in new cooking across south asia so it is ok if i could put it put in an example of filmography something like it's it's not the protagonist in all the means but you know all the things that we cook but it is definitely act an indispensable friend for the hero so why can't you certainly italians i guess and. yeah i think it's pretty close then and the politics of all this is also extremely interesting why is this causing such a nightmare for indian politicians. yeah it is a politically sensitive vegetable because in the past it has actually been blamed for bringing down governments in 1900 the delhi state government was voted out of power because the union prices had skyrocketed it was the saving $980.00 when the coalition government then was brought down and prime minister indira gandhi was reinstated after the election so it has had some turbulent past whenever prices have gone up and that's the reason why the politicians are a bit careful especially ahead of the state elections in india but why is the crisis keep repeating itself because i

thing i'd ever seen and i thought even no one twit so i took it out of the cupboard soaked it up stapled it together used masking tape anything i could find and made it fit me this is to say that i got into very big trouble. now in her early thirty's in a designer is making a name with her creativity and is about to take her latest collection to catwalks and international show rooms 1st up and for the 1st time in her life is paris fashion week. i know this opportunity doesn't come easy and it's not something that everyone gets so i'm like i hope i do a good enough job at the same time i'm excited i like my work must have said something to someone so it's kind of it's all those things all at the same time it's so nice going out with a scary monster. it's been months of designing sewing through the night in creating prints now it's crunch time for could touche and 13. i think up too much to do to be. getting ready to make her own mark in the international fashion market a market in which there is a growing awareness because design trends that have simply copied fashion traditions patterns

chinese consumers are cutting back on a beloved staple after pork prices nearly doubled that's the result of a shortage caused by an outbreak of african swine fever ageing is now taking steps to keep pork becoming prohibitively pricey. chinese consumers are hoping to bag a bargain before the country's national day celebrations but an outbreak of african swine fever has put a damper on the food heavy festivities more than 100000000 chinese pigs have been lost to buyers depressing the nation's pork supply and sending the proteins prices skyrocketing beijing shoppers are still stocking up on the country's favorite meat but high prices are leaving a bad taste in some consumers miles like telling me the site at work almost every week sometimes when the price is good i'll buy more to put into the fridge took place there now it's become very expensive and i only buy what i need it doesn't make sense to buy too much pork i'm expecting the price to drop by then going to be pork is $1.00 of china's most important foodstuffs with more pork mining on chinese tables each year than poultry beef and mut

and consumer staple names like proctor and gamble, have seen gains of 1%.e dow jones industrial ending at the lows of the session, down 250 points 26,772 >>> welcome to the "closing bell." i'm david faber in for wilfred frost. >> and i'm morgan brennan in for sara eisen, along with mike santoli, senior markets commentator. we are in the market zone. you can see the day's market action on the right side of your screen >> and as you can see also, we're sort of getting the close is here. there's a look at the s&p, down 0.4%, let's call it. a little less than 12 s&p points the nasdaq, the russell 2000, all the major averages closing in the red this afternoon. >> the dow finishing at lows of the session, down almost 1%, 255 points lion's share of those losses can be attributed to boeing. the stock plunging as a top pilot admits he misled regulators about 737 max troubles and coming up, former continental chairman and ceo gordon bethune will weigh in on all of this. shares of boeing finished the day down nearly 7% joining us to talk about the market day more broa

, also a little bit on the sign in but that's the week for the year it's not the case on consumer staples. it's very well we're not seeing reduction where are we what's going on. that's the answer to global growth the bad news is estimates for is cyclicals and industrials and stocks have been coming down energy has been a complete disaster dramatically coming down where else do we get complaints from we're at new highs and it's shockingly light volume. for connect, for options, everything there seems to be lack of conviction here. we're not getting enthusiastic buying it's a lack of selling that's driving the prices up. remember, right now the market is expensive if you look at the 2020 number. five today was 70 million shares today. look at the volume here. 28 million shares in the middle of the day that's what i'm talking about. not a lot of conviction. back to you. >> weird thank you very much. with earnings on shaky ground and the fed decision looming, maybe the market is also waiting. can this rallykeep going is there anything you can glean from this strong period of time. >> thanks

up period to force people keep people to stay on for at least 6 months or a year to make sure the staple keep people to stay on for at least 6 months or a year to make sure this thing gets out of the gate without too many problems here in this era and gets out of the gate without too many problems here in this era that we work being a primary example the founder insider was it that we work being a primary example the founder insider was able to dump almost a $1000000000.00 before you're the i.p.o. able to dump almost a 1000000000 dollars before the i.p.o. . cooked a dish was supposed to. cook the dish was supposed to go to what was it not something to linger some of it's just. what you're looking if so what was it gets up to look at some of its existence. what you're looking is no no. no. see i'm too yes swinging with regional shall proceed. seem to yes swinging with each notional proceeding. looked at with a showing of the bread which it was going to. look at without a showing of the bread which it was going to do in the church. do you think it will show. you this and so do. you think i

the best sectors, real estate consumer staples. but is also another piece of the bearish puzzle we are seeing. areae best is all relative you can check out the function gtv on the bloomberg. it allows you to browse all of the recent charts each are on bloomberg tv. you can save your favorites for future reference. gtv . from new york and london, this is bloomberg. ♪ >> from london. i'm guy johnson. >> i'm romaine bostick. we're going to talk about the global markets. let's get the first word news. it cracks president trump complemented turkey today a day after he cleared the way for the country to invade syria. erdogan plans to visit the white house next month. the president former u.n. ambassador nikki haley ended her tweet that was critical. or johnson sounding pessimistic about a brexit deal. antold angela merkel agreement is essentially impossible. he wants the eu to drop demands for northern ireland to stay in the eu. pimco warns the chinese trade war make the u.s. into a recession. >> the first half of 2020, gdp if t

here at the staples center. check out this trance. that is what i'm talking about. the universal champion is coming here to talk about all the action tonight right here on fox. how excited are you? but tonight is the night. the debut tonight on fox after all these years i feel like it is the start of a beautiful friendship.>> we are talking about legends and new faces and all the drama and excitement in the ring and outside.>> ama and storytelling and that is what the bw he is all about and we do it better than anyone. i am ready.>> i am ready. >> reporter: make sure you watch this tonight. >> it begins at 8 pm tonight and then stick around for news. but there is a lot of excitement for that.>>> coming up, october is a great month to welcome a four-legged friend into your family. we will be joined by some kittens looking for new home. >>> this morning weird being joined in the studio by some furry friends. the east bay spca is trying to herd cats. adult cats will have a adoption fees way and joining us are kitte

and phil is a staple. on the w. . language courses. video. anytime anywhere. w. . the adventures of the famous naturalist and explorer. 2 celebration clicks on the front boards 250th birthday remarking on a voyage of discovery. expedition voyage on t.w. plane. player. played. this is big news live from the u.s. tells turkey its incursion into syria could jeopardize the fight against so-called islamic state as turkish forces advance for a day the pentagon strongly encourages on critics and its military operations against syrian kurds in the region for their life my correspondent on the turkey syria border also on the program.