options action starts now. >> a smoking hot stock and a twist on the consumers staple. carter and mike are laying out a way to play the name if you think this tobacco stock is going to burn higher carter, what are you looking at? >> smoking, burn higher, we have it all here. let's go right to the charts it will be similar and these are weekly bars that puts in context the high almost five years ago at 120plus we have broken the downtrend is it a head and shoulders bottom which is another way to characterize a reversal formation. it is, the next chart. it doesn't matter what you call it the sequencing is some of the most time tested and markets look at the next chart same timeframe what we have here is basically a very symmetrical orderly, bottoming out process and the presumption is it will return to its all-time high. philip morris -- where did it close? >> the all-time high was 103, 104. i think you have an upside and this is important. this is a two-month performance. relative performance is one of the most important factors in investing. look at philip morris the pa

. >>> smoke 'em if you've got them carter is looking at an under the radar consumer staples play that could light up soon. >>> then tony continues the under the radar theme, but on a very opposite tact with a health care giant that could get overshadowed next week >> finally recovering from the widely held wipeout, mike khouw crafts a sequel that should be better than the original it's time to risk less to make more "options action" starts right now. >> let's get right to it we're kicking things off with a smoking hot stock, a twist on the consumer staples sector. carter and mike are laying out a way to play the name if you think this tobacco stock is going to burn higher carter, what are you looking at? >> smoking, burn higher, we have it all here. let's go right to the charts it will be similar and these are weekly bars that puts in context the high almost five years ago at 120 plus. we have broken the downtrend next chart, is it a head and shoulders bottom, which is another way to characterize a reversal formation it is, the next chart. it doesn't matter what you call it the sequen

colgate up only 7.8% and the whole sector, slp, consumer staples up only 5.5%.ing well an important level, looks good >> mike, what's the tradeoff o this >> yeah, so what's interesting tobacco companies used toby a core holding for many investors for a very long time sort of a staple, if you will. this is a sector that probably unsurprising to most viewers is trading at a discount to the market philip morris international is trading at a slight premium to the group but still much cheaper overall at about 16 times earnings this also doesn't tend to move that violently and sort of keeping with the investment theme idea here, i think one of the things that people could look to do is sell a cash covered put and selling a cash covered put is essentially an alternative to buying the stock or doing a buy right, where you buy the stock and do an up side call if the stock declines you'll own it as a discount to the current price. and of course because the stock, you'll have a probable trade if the stock sits right here and if it rises and even if it declines slightly you

crucial food staples like wheat surged by more than one third.ar cost more than it has in five years. the u.n. warns the situation shows no sign of improving this year and could force dramatic changes in the way people eat. as always, poor nations are disproportionately affected, especially those alliant on imports. the u.n. says the region most at risk of famine and food insecurity is sub-saharan africa, with the situation getting out of control and the democratic republic of congo, nigeria and sudan. in afghanistan, more than half the population is expected to face hunger this winter. food prices have soared. aid is needed to save the harvest and in latin america, the pandemic pushed venezuela and peru further into food and security with significant increases in poverty and hunger. ♪ let's bring in our guests. joining us from cape town is a senior lecture in the department of environment of science at the university of cape town. in rome, a senior economist at the united nations food and agricultural organization. and our guest from new delhi i

a bottle of milk is jump from 16 to 24, whereas bread that's the staple of the poorest people in this country. that is increase from 2 and a half layer to 3 and a half. and there are reports that could be further arises on the way that's resulted in many people queueing for hours to receive subsidized bread provided by local municipalities, lentils, another staple of the pool. the packet of lentils as tripled in price and toilet paper, that something, all of social media buzzing around a packet of toilet paper i bought last year for $50.00 layer, is now going at a mind blowing a 150 lira. and turks woke up on new year's day to electricity heights ranging from 50 to a 125 percent. he w as during judge, the inevitable, the fight against terrorism has focused increasingly in recent years on this a hell region in africa. it's an international operation. the european union has provided funding to help mauritania, revive a century old nomadic police force known as the chemical. this is the latest approach in the fight against jihad is terrorists in mauritania. a traditional solution to a mo

queueing for hours to receive subsidized bread provided by local municipalities, lentils, another staple of the pool. the packet of lentils was tripled in price and toilet paper that something, all of social media passing around a packet of toilet paper i bought last year for $50.00 layer, is now going at a mind blowing a 150 lira. and turks woke up on new year's day to electricity heights ranging from 50 to a 125 percent. during jones, they're reporting from a stumble. brazil president dribbles an arrow, has been rushed to hospital and may need to undergo surgery for an intestinal blockage. the far right leader has suffered repeated abdominal issues since surviving a knife attack in 2018. at 3 a. m in south hollow j a balsa narrow arrived at the villa nova stop hospital after the president experienced pain in his abdomen. he later revealed on twitter that he was fitted with a nasa gastric tube and may require surgery. back in july, the same hospital had treated balsa narrow when chronic hiccups preceded an intestinal blockage. he was not operated on then, but has undergone full major su

today the materials are the leading sector why do health care and consumer staples look interesting toou? is this kind of a defensive position against market underperformance or do you think they could turn in double-digit strong performance this year >> it is not -- kelly, it is not really defensive there's a lot of high-quality companies in those sectors those two sectors have really lagged look, we are seeing our spots in energy and banks as well they're looking on a relative basis more attractive as well. but health care and consumer staples specifically, they look good because there's some really good high-quality companies here that have lagged >> let's give some examples. you like zimmer biomed you like heartland, express. that's -- yeah, the trucking company. you also like general motors, so you have names in the traditional industrial space what along with zimmer would be names you like in health care and consumer staples >> zimmer is certainly one we like the pharma sector has underperformed so companies like merck and bristol meyers, for example. zimmer, they make artificial

spider staples outperforming right now. first couple of weeks of this year the financial spyder was up 6%, at a record high. given all of that back clearly a defensive turn in the market we will see if it culminates with some kinds of a trading low. >> mike saying the nasdaq composite up 3% over the past year the bond market, yield curve flattening, yields slide to the lowest level of the week rick santelli is tracking the action >> tyler, it is fascinating because we all know that the equity markets, nervousness translates into buy forth the treasuries this. week is no exception if you look at the we can in two years, you can see the way it has made its lowest yields of the week today the same is true for the ten-year the only maturity, though, that's actually higher than last friday is the two-year last friday of course it settled at 97 basis points right now it's hovering around 1% all the other maturities not only made their lows today for tuesday, wednesday, thursday, and friday, but they are lower than last friday and

some of the consumer staples seem to be gaining again. this is a -- on the back of a spectacular rise from yesterday. tom: and the corporate story, two themes that continue to run for us. credit suisse after a typical 12 months coming up with this update for the 500 million swiss francs resulting from the scandals. they are going down 0.3%. the swatch group is beating fourth-quarter earnings. they see demand from china and the u.s. gaining 2%. and unilever, more on this story. we are hearing that they are looking to cut the jobs of thousands of managers for that company for the consumer unit. we know that is a massive investment in unilever and we saw shares coming down 0.8%. that is a look at the big corporate stories. for geopolitics, it is the fed leading up to this decision by jay powell and the fomc that is keeping the focus of investors. francine: unilever is the big story because you see what they are trying to do and de-escalate tensions. but what were they doing before and they might be trying to reposition and get out of the mar

tom: you also had consumer staples. unpack the rationale for that.anet: with consumer staples, the valuations are relatively cheap and they are also quite expensive in their nature. if we believe that inflation is going to be higher, but not shockingly higher, i think staples should do well because these companies actually processed some degree of ability to raise prices and defend their margins. this is slightly higher but not shocking. we also think that generally it is still a lot and we think that it is a good asset to add to your portfolio for the markets. tom: commodities are at a record high and the energy sector outperformed. is there an upside to the energy stocks? janet: oil has increased per barrel, and many have said that it will get to near $100 in the near term, but given that the rallies are already up already, it is perhaps afraid and i do not when -- know when it is going to end, but for us, we are long-term investors and we focus on companies that will do well on this basis. we think that some of these companies will grow based on t

and the input for biofuels guns from staple commodities. and it's also being used for i'm finally on his truck . i reason is adverse weather and we have seen i'm far what i will weather in the last month, which have affected some key producing countries. and these includes that means whether phenomena which went on i was 2022 percent 21. so there are all these drivers that are behind the prices that we are observing to the okay, we'll talk about the weather impact in a minute. first, let's talk about energy prices in fertilizer prices, which are high and continue to remain high. what is this going to mean going forward for fee price as we continue to see the impact on production as a result? different license prices cost reason, substantially, and higher during the last a big deal of 22008. and these higher for the laser prices in turn reflecting higher energy gas prices and export restrictions, and your political pensions with the high up prices and also the problems of what ability to them. so for sure, as the prices of energy we go up, w

just taking off consumer staples. tobacco, beverages doing well and supermarkets wh if what we have been mostly going through is a valuation adjustment and compression maybe taking care of the overshoot, shooting above 30 times future earnings it is in the high 20s 27-ish before the pandemic it didn't get much above 20. that gives you an idea what's going on banks arguably are kind of at a ceiling that they have been at industrials somewhere in between. that's the pinch that the overall market is in is the two groups maybe levels hard to make fast headway. >> probably come back and chat about the banks in a moment. both jpmorgan and citi lower jpmorgan the loser down 6% underwhelmed when outlining the higher rates to deliver for them on the year ahead. down to two key factors. the forecast at 50 billion for the year ahead more importantly the forecasting of increase of expenses to $7 billion surprising the investor just here's jamie dimon. >> global competition is nonbank competition. there's fintech competition. payp

is that staples center, our staple centers where the lakers have won championships and the clippers -play. [ laughter ] is getting a new name. starting christmas day, staples center will be known as "crypto.com arena." which doesn't sound creepy at all. [ laughter ] crypto.com is a currency platform based in singapore. they paid $700 million to get the name. it is the most lucrative naming deal in the history of sports. it's twice as much as it cost to build the staples center! [ laughter ] but a lot of people around here don't like the new name at all. you know you're in a weird spot when fans are like, "we have to go back to when it was named after an office supply chain!" [ laughter ] it's a bad name. but thankfully, crypto.com still isn't the worst-named arena in sports. that honor belongs to the new orleans pelicans, "smoothie king center." [ cheers ] in new york, the huddled masses will gather once again to watch the ball drop in times square on new year's eve. as long as you have proof of vaccination. no one was more excited about this than outgoing mayor bill de blasio, who re

what to stock up on now and how long those staples will last. >>> we are walking down the aisle sayingnds to watch this year. we'll be right back. we love our new home. lots of windows, great light- but the s. they're back. yes, i hear them. uh-oh. why are these birds so angry?! at least geico makes bundling our home and car insurance easy. we save a lot. i'm going...i'm going. aaaahh! hurry, hurry! i know, i know! for bundling made easy, go to geico.com. ♪ ♪ before you go ther or there... start here. walgreens makes it easy to stay protected wherever you go. schedule your free covid-19 booster today. before treating your chronic migraine, 15 or more headache days a month each lasting 4 hours or more, you're not the only one with questions about botox®. botox® prevents headaches in adults with chronic migraine before they even start, with about 10 minutes of treatment once every 3 months. so, ask your doctor if botox® is right for you, and if a sample is available. effects of botox® may spread hours to weeks after injection causing serious symptoms. alert your doctor right away, as dif

a san francisco staple in the financial district now in jeopardy of closing next month after the owners say they were blindsided by the building's owner size restaurant has been serving san francisco for nearly 40 years, but say recently they were told by its landlord that they had to vacate the building in just 30 days. now the owners are trying to scramble, trying to find ways to save their historic restaurant. kron four's taylor. the second has the story. >> it came so senate you not. it wasn't something that we didn't expect >> to be happening, but not just so, you know, it kept us. >> had lie. >> what have you know? it's the second so i would have >> gavin to in my cheat own size vietnamese restaurant in san francisco's financial district. >> it's been a staple there for 37 years. it has become a frequent stop for those working in and around downtown. now after serving the community for nearly 4 decades, the restaurant is being forced to close after receiving an abrupt 30 day notice to vacate from the building's landlord, which is a national company called i don't think possible at

staples stocks have done well this year, and that is from a combination of being so beaten up last yearnd place neri terms, as well is having that element of going out and not being embedded in their earnings, but this year they are performing quite well, and we own a few staples stocks which have been working. we still own text stocks that we still own tech stocks. so that is a more granularity. but i think the barbell is critical at this point. alix: if you take a look at the european bond markets, if we get to zero on the 10 year, if you get a two-year that is above the -50 basis point deposit rate for the ecb, does that change your view of european banks? freddie: it does, do a degree. all of the european banks have high interest rates, so interest rates moving higher or an expectation they will move higher will drive higher earnings for those businesses. the problem for us is that they are purely a macro investment. at the point at which interest rate rises are done, we don't think they will be generating excess return on capital. we don't think they will have above market eps grow

very hawkish and some bond-like securities and it can be treasury it is theptss until they're in staple. >> you are also cautious, bono >> i think you have to proceed with caution, and the overall market will largely be led by tech that's really concentrated at this point because we've had a re-rating of those names and that does make significant cash flow today in terms of the outperformance of the qs versus smh, carter will get into that further, but that is the next pocket to watch there, but yeah. i think you always proceed with caution, but if you are bullish, i do think -- i don't think you have to throw the baby out with the bathwater. you have to own both and that will come largely from large-cap tech >> some of the charts in today's market were fascinating, steve apple finished on the absolute highest of the session, and i'm wondering if that makes you re-think the apple story in term was valuation or re-think the techtrade story? >> so i do love apple and i never really re-thought apple. i think apple is your growths and is your value play, but i think you hit it on the head w

. >> only staples higher in the s&p 500. mike, see you soon thank you. what's not happening today netflix. shares are tanking gave weaker than expected guidance and noted intensified competition. stock down 23% on pace for the worst day since 2012 bring in managing partner at loup venture just welcome. is this a thesis changing quarter for netflix? because that's how the market is treating it. does that make sense >> makes a ton of sense. it is the right question and it's the right question because what netflix is, it's a company, a stock, a tale of two cities one is, of course, the incredible business that their built. sticking 220 million subs. they're world class at making content and many, most would say if you keep one streaming service it is likely netflix that's one side. but we turn the page to what's next and where are they going? what's the next city i want to put some context around the sell-off means. before the pandemic, netflix adding 25 to 30 million subs annually in the pandemic that stepped up to 35 million plus now if you take the guida

in my cheat own size vietnamese restaurant in san francisco's financial district. >> it's been a staple there for 37 years. it has become a frequent stop for those working in and around downtown. now after serving the community for nearly 4 decades, the restaurant is being forced to close after receiving an abrupt 30 day notice to vacate from the building's landlord, which is a national company called i don't think possible at this >> it is the eye does just like what, in what? $200,000 worth equipment that we don't know what to and it a lot of you know, that we don't know what to do at this point. you know, which is at she says their lease is set to expire on february 28th. but until just a few days ago, >> they were under the impression that the building's owner was going to renew their lease. now, she also has to worry about all of her employees, most of whom are family members into then this place is much more than just a restaurant. and i what can here? i was 18. >> i have time i i was 50 we daily sons. parents open size back in the 80's. he and his brother henry practically grew u

queueing for hours to receive subsidized bread provided by local municipalities, lentils, another staple of the pool. they a packet of lentils as tripled in price and toilet paper. that something all social media passing around a packet of toilet paper i bought last year for 50 layer is now going at a mind blowing a $150.00 lira. and turks woke up on new year's day to electricity heights ranging from 50 to a 125 percent. does like day to day life is getting a more and more difficult, especially for the, for the poor people and society. and how is the present gonna deal with this? but conventional wisdom is the to tackle inflation. you raise interest rates, but president earth want dismisses. and in fact, he's a presided over major cuts in an interest rate in the last few months. he's also height the minimum wage by 50 percent, that economists sable further fuel inflation and prisoners dismiss criticism, saying that he's blaming shopkeepers, am factory owners for deliberately over for increasing prices. and he now has his officials touring shops, the bond that they cut prices. and there a

blueberries, eggs, and horn. 2 out of 3 of these staples require forming for consumers to enjoy. well, sometimes 3 out of 3, when you count the occasions when stephen king needs his brain melt to come up with a new people. that's why farm workers have been federally recognized as essential workers. since the pandemic began yet in 38 states including main, they're not even legally recognized as workers period. that means the person who pick those deliciously sweet main blueberries that you're filling your cheeks with right now has no legal right to overtime or a minimum wage. a recent bill and main would have reversed that and let farm workers join unions and collectively bargain. it passed through main legislature, which is controlled by democrats, but was vetoed by their labour loving democratic governor. the 74 year old female version of me, janet mills, according to her and acting the bill would subject our farmers to a complicated new set of laws that would require them to hire lawyers just to understand. so really she is looking out for farm workers. we all know they can't a

and how a centuries old technique is still being used in the rocky mountains to make a staple food. ah, thank you very much for joining us to dance. prime minister abdullah ham dock has amounts his resignation, throwing the country deeper into political uncertainty. he was arrested in october after a military takeover, but then reinstated, when he signed an agreement with general abdel for hon. but ham dogs been unable to form a guffman sentence says political deadlock threatens sedans, survival, heber morgan reports 2 weeks after the news of his intention to resign emery's and amidst a dead log between sedans, political parties, prime minister of the lamb, duke announced he was tapping down from his position, what amount was it, despite my efforts to achieve the necessary consensus to be able to deliver to our people on the promise of peace, justice, and no bloodshed that did not happened during the past few days. i met with all the civilian and military officials of the transitional council to explain and put the put shortage and historic responsibility in front of them. and follo

a bottle of milk is jumped from 16 to 24, whereas bread that's a staple of the poorest people in this country. that is increase from 2 and a half layer to 3 and a half. and there are reports that could be further arises on the way that's resulted in many people queueing for hours to receive subsidized bread provided by local municipalities, lentils, another staple of the pool. the packet of lentils has tripled in price and toilet paper that something all social media passing around a packet of toilet paper i bought last year for $50.00 layer is now going at a mind blowing 150 lira. and turks woke up on new year's day to electricity heights ranging from 50 to a 125 percent. as a day to day life is getting a more and more difficult, especially for the, for the poor people in society. and how is the present gonna deal with this? will conventional wisdom is the to tackle inflation. you raise interest rates, but price at another, one dismisses that. and in fact, he's a presided over major cuts in an interest rate in the last few months. he's also height the minimum wage by 50 percent, that

and there's the clock. 20 minutes until the fed's rate decision up next, we'll talk to the staple's ceout the impact of rising rates, what he es nseext for markets and ipos don't go anywhere. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire matching your job description. ♪ ♪ ♪ digital transformation has failed to take off. because it hasn't removed the endless mundane work we all hate. ♪ ♪ ♪ automation can solve that by taking on repetitive tasks for us. unleash your potential. uipath. reboot work. >>> welcome back shares are up 8.5% of stifel after a record year. investment banking a record standout up more than 40% from a year earlier. on the earnings call, the staples ceo said the company was the first most active underequity writer joining me in an exchange exclusive is the stifel ceo. >> thank you good to be with you. >> a lot of people in the public are asking what is going on with these payouts to bankers this year now we're seeing the headlines about multimillion dollar

the pantry staples that could see the next hike of prices.rs imagine i your future where everyone rides their own robot around. drew: why are we always doing robots? they are taking over. if you are driving this morning, use the low beams and keep some extra distance because the fog is especially thick. the rooftops pretty much chopped in half right now. we have a dense fog advisory for parts of alameda, contra costa, and solano county, visibility down to a quarter of a mile. it is reduced in the north, not as much but issues will linger. we will have this fog at least through 11:00 a.m. right now on the mild side, mid 50's. oakland at 54, 55 in palo alto and 46 in concorde with dense fog. after the fog lifts, it is a mostly cloudy day. a dry day, mostly cloudy with temperatures in the mid 50's to low 60's, similar to yesterday. tomorrow, rain does return to the forecast. it is a level 1 storm. the biggest concern is it is coming during the friday morning commute so we will have slick roadways. rainfall amounts very low but after the storm wh

because along with the staple taishan his bees, it would be bad for 3 years. so not only does dr. rich have a lot riding on this, the government does to this is an election year. and some have suggested that this case is politically motivated. as a result, and the federal government wants to make a point that they've stated again and again that rules are rules. and the strategy you must remember has imposed some of the toughest border restrictions in the world . so during this private pandemic, one or 2 cases in son is in some situations have triggered a city wide lockdown. so the government will be a pushing to uphold 8 staple tension, of course joker, which has a lot riding on this as well. all right, thank you very much. and brisbin sarah clock putting in watching anxious era life in london will still head on the program. diplomatic, pushed over to allow conflict west to negotiate is, will have to ukraine as russia is accused of building a case for wool winds. of change applying and can yeah, the country plans to be totally reliant on renewable energy by the end of the decade.

it found that all categories showed sharp increases in 2021. crucial food, staples, like mays and wheat surged by at least a 3rd. the cost or vegetable oil hit an all time high, more than 65 percent on 2020, and sugar cost more than it has in 5 years. the u. n warns the situation shows no sign of improving this year and could force dramatic changes in the way people eat . as always, poor nations are disproportionately affected, especially those reliant on imports. the un says the region most at risk of famine and food insecurity is sumps a horrid africa with the situation getting out of control in places like the democratic republic of congo, nigeria, south through don and central african republic. and of conestoga, more than half the population is expected to face life threatening hunger this winter. food prices there have sort of aid is needed to save next year's harvest and in latin america. the pandemic has pushed countries like venezuela and peru even further into food insecurity. with significant increases in poverty and hunger . the, let's now bring in gas. joining us from cape t

a centuries old technique is still being used in the mountains in iraq to make a staple face. ah hello, there. we've seen unsettled, stormy weather, played the middle east over the past few days. but that didn't stop celebrations in saudi arabia to mark the arrival of snow fall in the north west. now on tuesday it's going to be the gulf states. once again sees the majority of the wet and windy weather. if we take a closer look, we want more heavy rain on the way for the likes of oman. that'll scoot across into southern parts of iran as it makes its way towards pakistan where we are expecting the heavier falls. so it dries up for the likes of guitar and the u. a, but we've got a cold wind blowing down is shamal. when that's going to drop temperatures down, it is going to feel rather chilly, but they won't be as much dust in the air. now as we had further south was seen showers pick up across western areas of yemen. those join up with showers across the ethiopian rift valley. it dries up, however, for northern air is particular that northeastern area of africa, but temperatures

i also like pepsi because well- rounded staple, and i like cvs health because it's across the staple and healthcare stock, and i believe that the new ceo is turning that balance sheet around. lauren: all right, so sarge has some names to watch in an environment that, i mean, chris? look at it right now. it's essentially baked in four- plus federal reserve voting members are saying we're going to see lift off start in march. how many rate hikes do you see this year, and i say that because, you know, march is baked in but if the economy continues to weaken and we don't like what we see from corporate america they're getting pinched by higher prices are we really going to go forward with four rate hikes this year? >> yeah, right. three for sure and then goldman said they thought they would see four so at the end of the day they are making that bet just based on what the fed funds futures are telling you and i've spent my years on floor trading and that can change month-to-month, if there was a sort of slow down i think that was the one bit of kind of hold- back from the fed that if some

ate consumer prices rose more than 36% in december as the cost of transport, food and other staples but turkey has gone the other way. opec plus is expected to stick to its plans to increase output in february when it meets today. the group of oil producers has been gradually unwinding record production cuts of ten million barrels per day — about 10% of global oil output — agreed in march 2020 to counter the hit to demand from the pandemic. but there have been some changes at the top. joining me now is our middle east business correspondent, sameer hashmi. it isa it is a new year, so we will look at how the omicron variant is affecting the reopening plans for many economies in asia in particular, two years on from the outset of the covid—i9 pandemic, these countries are facing the challenge of keeping their economic recovery on track, but it isn'tjust omicron that will affect growth going forward. our asia business correspondence mariko oi explains what factors will affect the region's economies in 2022. let's start with what affects all of us. spoiler alert, some of the topics may

asian consumers struggle with staple food inflation. the us where the most powerful person in globalfinance — the chair of the federal reserve — has signalled the end of ultra—cheap money is around the corner. us interest rates — which affect the cost of borrowing around the world — have been kept near to zero since the pandemic hit in early 2020. and the fed has held off raising them at this week's meeting. butjerome powell says higher rates, quote: �*will soon be appropriate�* as the economy recovers and inflation surges. our north america business correspondent michelle fleury has more. the federal reserve is going to be raising interest rates for the first time in three years. the move could come as early as march as inflation cast a shadow over the world�*s largest economy. when interest rates are near zero that is typically because an economy needs help and business needs help and thatis and business needs help and that is what the fed did to shelter the us economy from the west effect of the pandemic backin west effect of the pan

i mean, jack has always been a staple of this show, one of my favorites. >> we miss having you in thedio. rob nelson to me was like hilarious. i was in local news in san diego, and i used to watch him all the time in the mornings, and he knew how to tow the line. >> and of course a huge thanks to barry mitchell and the polka! ♪ ♪ ♪ light the candles ♪ ♪ cut the cake ♪ ♪ holy cow, we're still awake ♪ ♪ it's our ten-year polka ♪ ♪ is this news or infotainment ♪ ♪ no one really cares ♪ ♪ i only know that we've been doing this for 20 years ♪ ♪ ♪ ♪ mona, andrew great rapport ♪ ♪ let's do this for 30 more ♪ ♪ it's the world news polka ♪ ♪ the world has changed since '92 ♪ ♪ but one thing has seen us through ♪ ♪ it's the world news polka ♪ ♪ it started as a one-time gag ♪ ♪ to bug lisa mcree ♪ ♪ but it's been 30 years and here i am still on tv ♪ ♪ thanks for all your loyalties ♪ ♪ thanks for all the royalties ♪ ♪ from the world news polka ♪ ♪ we've seen former anchors whose careers have gone sky high ♪ ♪ and there's anderson cooper ♪ ♪ whatever happened to that guy ♪ ♪ sunny hostin anchor, t

and the price of staple items such as flour, have risen 50 percent in the past 6 months. all that has come in together into an absolute tsunami of hunger. that's just and sweeping across the country and probably is it despite, you know, what, 5 decade self war. and it's probably a lot of it is the worst crisis afghanistan has ever faced. the afghani currency has the value 25 percent against the u. s. dollar since the taliban take over last august, the united states and western donors cut funding, which made up 80 percent of the afghan government's budget. they also barred the taliban from $9000000000.00 in foreign cash reserves. last month, 46 us politicians, mostly democrats, urged president joe biden to release those funds and ease economic sanctions against taliban leaders. for you and estimates, 97 percent of afghans could fall below the officially recognized poverty line this year. secretary general antonio terrace says the world is running out of time to prevent disaster. united nations use taking steps to inject caching to the economy, pseudo creative, altered eyes

of that group, we prefer reits and staples more than utilities. >> is this a doubling down of defensives is this specifically for the three to four week timeframe >> we'll see how it goes maybe nothing happens in the next flea or four weeks in terms of price and it doesn't give us an opportunity to go back to some of those areas. the main point of the note today is the cyclical group, we're not making a big bet on cyclicals like we were a year ago because growth is decelerating we think people got too excited about the cyclical parts of the market and that's wrong footed that's really the main message of the note today. >> got it. mike, thank you. always good to speak with you. mike wilson of morgan stanley. >> nadine, are you with mike on his call >> in some areas so we have been talking about the russ plus 8, so real estate, utilities, staples, telecom, plus health care that's a great place to be we were there in november. those kinds of places got hurt the first few weeks of january because it was all about the cyclical reflation trade but now we're going back into defensives i don't

today, the winners are all consumer staples, right? we already saw procter & gamble had pricing power and general mills and those kind of names. is it worth people trying to hop , if they say i'm a long term investor, is it worth them trying to game every single week trying to be in the hot sector even when it's stocks? >> no. so for me, i trade options and i'm a long term investor as well , and when i'm trading options, i definitely want to be in those hot areas, consumer staples, energy, whatever has their own relative strength at the moment because i'm looking for short-term two-week play, but as a long term investor, i mean, i don't want to buy consumer staples up here at the highs, so i need to see a 10-20% pullback before i'm going to be adding shares. charles: yeah and that's the point i tried to make earlier in the week. just because it's a "value stock " doesn't mean it's"cheap", danielle thanks so much we always learn from you appreciate it. >> thank you. charles: folks we know charts are extremely important because let's be

with some having access to hard currency and others who can no longer afford staples. now sneakers have become a sought after investment repairs selling for tens or even hundreds of thousands of torres combine that trend with the global move towards sustainability. and once you get you get to train is made entirely from recycled materials. as an idea, made a reality by 123 route indian entrepreneur bobbers doing what he likes to do best designing sneakers. but these are no ordinary trainers. they're made mainly from recycled plastic bags. it's a project that came about as part of his undergraduate degree. working on a lot of different design ideas and he's taking plastic bags with one of them because i recently heard about the ban on plastic bags in india. but i found out that it's not living in force. i don't. so i thought that you know, something needs to be done. you've gone, always rely on the government for our solution. so bobby contacted a waste disposal company near delhi, tons of trash arrive here. and the employee sorta at the plastic bags. the next step is t

coming back a former staple end cash cow, the consumer electronics show, or c s one of the largest and most anticipated trade fairs of its kind. it's been 2 years since we've had a live event. and there's been so much an innovation that has happened, but it was also very important for us to do the right protocols. and so we made the decision in earlier the summer that everybody was going to have to be vaccinated to come to see us. we layered additional protocols like testing, making sure people were wearing masks and doors, but many critics warned. the c. s could become a supers credit event. despite those measures, some big names in the industry, bailed and are no shows at this. he has shockey relatively unfazed by all of that around 2000 smaller and midsize companies who worked through the night and until the last minute to make sure that they were ready for the 1st in person c. s. in 2 years, we knew that the us 2022 was going to be a little bit different because we knew that not everybody was going to be able to travel las vegas. but what was important for us was to continue to hav