either companies very defensive, healthcare, consumer staples and google, which really underperformed megacap tech. and google is very defensive on a valuation. so i think you got a case google down 17% and 13 sessions and we haven't lost apple yet, but i'm sure wee're going to talk about that. >> you have a stock that has a reasonable valuation and that is the first one that is now breaking to the downside what about the other stocks? what about apple, microsoft, tesla that has levitated and then no place to hide. healthcare, energy, places where investors were going and you've seen weakness there too. a lot has to do with the fact they were simply overbought, way above the 200 day moving average. they're feeling the pain too the thing i think is very important going into next week relative to earnings, think about stock like microsoft, the exact same price it was heading into the earnings last quarter i think you were on the show, they reported bang out earnings, the stock went up, but it failed at that rising -- sloping 200 day moving average to the yun side so now i think two thin

. find production wise as well and for some of our big cupboard staples.- of our big cupboard staples.is _ of our big cupboard staples. and of course when there is a _ of our big cupboard staples. and of course when there is a shortage . course when there is a shortage prices go up and that is increasing pressure on people's cost of living and weekly food shop. the other interesting things to do with the supermarket chain iceland and palm oil. what is going on there? the boss of this _ oil. what is going on there? tue: boss of this which oil. what is going on there? t'te: boss of this which walker oil. what is going on there? tt2 boss of this which walker was talking to the today programme and he said unfortunately because of the shortage of sunflower oil they have had to start to start to introduce palm oil, a controversial cooking oil product controversial for its conservation limitations. they have just had to start introducing that to 50 iceland made products again. it is something he said they didn't want to do and hopes is only time—limited for a short period but againjust becaus

degas, you own it and some people are saying the staples are getting too expensive.> i don't think so, scott, because ultimately kimberly-clark is in our dividend strategy, and this strategy focuses on companies that have quality and provide income so kimberly-clark, you're having a 4% dividend yield. it is priced at a multiple of 18 times and we beat on earnings about 10% and revenue's about 4% and let's look at where the companies benefit as weget int a rising inflation market and consumers are going to buy their toilet paper, their staple items and the personal product items plus, kimberly-clark has an international strategy they want to grow in the developed markets and also in the e merging markets and so this is a company that you want to hold particularly in an inflationary environment >> shan, procter & gamble and mondelez, and i'm looking at the stocks that have done so well and there have been calls that this trade has run its course and it is too expensive to freshly buy here what do you say to that? >> yeah. going back to the top of the show, sdcott, i th

operating as staple advantage and striking out the word contractor. >> that is right. there is an amendment to the resolution for item 1. >> that was for item 1, yes. that's the amendment i was referring to. i wasn't referring to the other rounding. i think you guys have already taken care of that, is that correct? okay. so any other amendment? >> no, that's the one. >> supervisor safai: just for item number 1, okay. so why don't we hear public comment on this item and come back and make the amendment. mr. clerk, please call public comment. >> very, mr. vice chair, members of the public who wish to speak on this item and are joining us in person should line up to speak along the curtains. for those listening remotely, please call 1-415-655-0001. enter the meeting i.d. of 2498 755 5308 # #. once connected, you'll need to press star 3 to enter the speaker line. for those in the queue, wait until the system indicates you've been unmuted. that will be your cue. we have no in-person speakers. are there any on the line? >> mr. clerk, we have no callers in the queue. >> thank

defensive, health care, staples. financials also popping into the green and consumer discretionary all doing well right now here are my top takeaways. berkshire hathaway becoming the largest shareholder of hp with a $4.2 billion stake reflecting some buffett style attributes deep value and one note, buffett's own steady portfolio has been performing well. berkshire is up 15 prs this year with the market down 6%. so boring, low value, cash generating stocks are working better in this environment and here's a chart for you for the moment the size of the fed's balance sheet compared to the s&p 500. we have a very strong correlation here and that makes sense the market loves liquidity and stimulus as that rose, as the balance sheet ballooned, so did the market when it shrinks, the market struggles. think 2018 the difference now, it's going to happer faster and more aggressively that's what the fed told us as it tries to tighten credit to fight inflation. stocks may be in for a bumpy ride let's get to our top story the na

staples as well.he red take a look at housing stocks. under pressure again today as new data shows home builder sentiment dropped to a seven-month low as the higher mortgage rates keep going up goldman sachs is out with a note saying while a significant increase in mortgage rates has weighed on housing, the extreme supply-demand imbalance in today's market will likely dampen the hit on housing activity joining us, jan hatzius. so jan, what do you expect as far as the housing market outlook over the next year >> we are expecting basically a sideways move in residential investment because as you said, as you summarized, the supply-demand imbalance is so extreme that we think there is only going to be a relatively modest hit to activity in the housing market we did, however, downgrade our expectations for home price growth this year should still be pretty strong still have cumulatively 10% partly because there's so much momentum there and then have a slowdown to low single digits mid next year. >> is thi

jonathan: greg staples, thank you as always. can you get on board with that, the idea we have seen peak hawkishness if qt is not as market moving as expected. lisa: we do not understand quantitative tightening, and i say we as me. we do not understand the ramifications. some of the on the fed wanted to focus on the front end. they had to take a more aggressive stance. jonathan: real yield, the final round, i will ask, qt, does it people hide yields or lower yields and let's see, everyone sits there and goes higher, higher, higher, and they will go lower, lower, lower. i imagine the three will split. lisa: yesterday i went to my bloomberg terminal and looked up the fed balance sheet and it was basically flat. jonathan: for you excited for? it might go down? lisa: you might start to see a sharp decline. jonathan: you might see that in the months to come. tune into bloomberg real yield and then after that you can watch the golf at 1:45. isn't that a perfect afternoon? tom: it is a good afternoon. the way i would look at this, i'm t

you want to see deep cyclicals outperforming and not utilities, reits and staples leading. that's really the two main things >> jonathan, appreciate you being with us. another provocative note and i want to continue this conversation about what lies ahead and whether we truly pr appreciate the risks that are there. liz, we're coming off this conversation about dimon talk about stronger rate hikes, stronger quantitative tightening you told me the other day sitting right next to me on overtime that you think there's going to be a dovish pivot by the fed. you still believe that >> thank you for remembering that, scott. >> i remember everything >> so, i think that looking at the full year and expecting eight hikes in a row with a yield curve that's already inverted is a little bit aggressive at this point, powell has put us in a position to expect the most hawkish behavior possible, which to me says there's a chance that they will be able to relax that. let's say inflation slows down say they go at it with a heavy hammer in may and june and expectations slow down a little bit.

elise: we are a lot more cautious on consumer staples, for example. that is driven by inflation.can see the challenges and when we think about inflation, we tend to forget components of inflation and this idea that europe is not a strong in the u.s. the driver is driven by a commodities, so it is bad for staples because the consumer [indiscernible] in health care, we are fairly positive. we continue to see strength there, so we see this q1, we don't expect prices, particularly negative surprises and we expect earnings to be maintained there. tom: elise badoy, citi head of equity research, the opportunities in health care overweight, but avoiding consumer staples for now. chinese markets breathe a sigh of relief temporarily, after the pboc vows more support for the economy. we will speak to george magness of the oxford china research center next. this is bloomberg. ♪ this is xfinity rewards. our way of saying thanks, with rewards for the whole family! from epic trips... to the original jurassic park... on us. join over 3 million members and start enjoying rewards like these, and s

and this is food is a major issue in ramadan at the read, for example, is a staple at so many tables. and now because of the war in ukraine and because of this foot supply chain, but also because of rising prices of fuel, they're having issues in providing this basic staple at the, at their tables and ramadan. so this in addition to inflation and so many countries and in the inability of countries to control the prices and provide their citizens with proper welfare support creates major problems for many communities around the world or at altar from the w's arabic service. thank you very much. and here's a reminder of the top business story. we're following for you. united states added more than $430000.00 jobs and march, lifting its unemployment rate to 3.6 percent. nearly the same levels before the pandemic. a strong uptake comes as coven 19 cases fall around the country. that's it for me and the dw business team, you can find out more about these and other stories online. d, w dot com slash business ross on youtube, or the dw news channels to watch. when making the headline is and

healthcare, staples, utilities as you get ready to kick off earnings season, are these the names you stock exchange with? guy, what do you say >> absolutely, mel healthcare has been, look at some of these names, eli lilly within a whisper of an all-time high bristol my, .i.ay meyers breaki. you stick with the medical device and those things and energy as well i know we had the sell-off of the top of the economy energy is getting its giddy up as well, healthcare energy, stick with it. >> you have to go what is safe in this marketplace. as i said, my premise is we don't know what the fed is truly going to do. so they have been extremely transparent. now people, including myself are saying, they can't do what they say they've going to do. so they have become the most transparent they have ever been, yet, they are opaque to me no other thing will happen with the balance sheet runoff is it a cut, 25, 50? 75 basis points? no one knows to buy the's point, you got to go with safety, with healthcare. adv, karen's place, it's up 30% year-to-date now. >> jeff, every time you come to the show, y

every sector down except for consumer staples right now energy is getting hit the hardest.q, though, down another 2% right now we have communication services is the worst performing group. more weakness in some of the media stocks on some of the streaming concerns match group, meta, warner brothers discovery taking the group lower. >> coming up, snap is falling hard ahead of earnings after the bell it's been a roller coaster ride for shareholders over the last year climbing to all-time highs and plummeting back down to earth. mike santoli breaks down the charts in his dashboard next bonnie boon i'm calling you out. everybody be cool, alright? with ringcentral we can pull bonnie up on phone, message, or video, all in the same app. oh... hey bonnie, i didn't see you there. ♪ ringcentral ♪ new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started today. >>> welcome back dow down 3

health care, staples, utilities. suggesting that economic weakness is coming so how do you interpret some of the risks peter was talkingunts, the price shock, the inflation shock, what we're going to see with central banks and the fact the market is not exactly sending a bullish signal on the economy. >> well, i think that bear markets don't generally start on day one of fed tightening. generally takes several times before that occurs i agree that the point, there are lot of things people are worried about. problem is i think we have been vetting some of these are quite some time. we have been vetting the fed since august i think the market has kind of adjusted to that already a lot of the fixed income market has adjusted to that already look, tightening happening in every recovery it's part of the success of a recovery where tightening has to be done. that doesn't mean recovery is over by any stretch of the imagination. and this isn't just nominal growth we got going on here. as i said, we created 525,000 jobs a mon

>> i own this position and yoesh weight in staples. core names for us.lose to 10%, all of them market multiples, good, decent dividends and hold up not just on market pullbacks josh mentioned also during more difficult economic times all three of the names i own have good, strong pricing power. got good, strong brand names don't have a lot of competition. >> you think there's a limit to that pricing power >> that generic stuff. >> yes, i sdo. >> a limit >> i do, too. >> there is when you run out of runway okay i mean when the consumer runs out of money, yes. you can't keep pushing on the prices, but -- >> how much is outrage you're still paying $3 and the can shrinking or fewer units within the package? consumer -- i'm outraged when that happens to me i'm fortunate but outraged and i don't switch brands. >> still buying toilet paper and toothpaste still buying oreos agree but still selling them. >> right still buying oreos. >> about exclusive aggregate tonight at "mad money. 6:00 p.m. eastern time stay with us "final trades" is next on "halftime." >> ann

certain staples, food staples are in short supply. power is in short supply.ices and the prices of everything are going up, which is what the protests yesterday were about. but there's a deadlock. the protesters are demanding the resignation of the president and his brother as the prime minister, but really they are pushing for a total clean out of the whole political system, which, of course, would take time. ♪ >> welcome back. you are watching "outside source," live from the newsroom. our main story, the russian deadline for troops in mariupol has passed. -- in mariupol to surrender has passed. the promotion company for the film "rust" has been fined for failing to follow safety procedures after reports into the accidental shooting of cinematographer halyna hutchins in october. she was killed and the director was injured as alec baldwin rehearsed with what he believed to be a safe gun. sophie has more from los angeles. >> this tragic incident happened in october last year, when alec baldwin had been rehearsing a scene onset in a church. a gun he was holding

masking strength in fwrups like utilities, staples, and industrials. take a look at the names dragging the most. apple, microsoft, tesla, amazon, and nvidia that's what's pressuring the major averaging as well. the s&p down .9% coming up, we'll talk to the cfo of wells fargo, among the worst performers in the financials after the company posted a mixed quarter before the bell. >> plus, box ceo aaron levie on his stock's strong performance plus his first take on yelon musk's bid to buy twitter. let's get to the top story, there new chapter in the twitter saga elon musk making a bid to buy twitter for $43 billion. the stock popped on the news, has since turned lower it's down about 2% just moments ago, musk did make his first public comments during an interview at the ted 2022 conference listen >> i do think this will be somewhat painful and i'm not sure that i will actually be able to acquire it and i should also say the intent is to retain as many shareholders as is allowed by the law in a private company, which i think is around 2,000 or so so it's no

that cafe was a chinatown staple for 27 years, famous for its pineapple buns. locals say they are sad to see it go. >> it is bittersweet. i have been coming to this establishment since i was a kid. i'm going to miss all of this cooking. >> it is a testament to how much tradition is in chinatown and how much history we have. it means a lot to me that a bunch of customers came out early for one last sendoff for this restaurant. amanda: washington bakery and restaurant posted on instagram that its lease was coming to an end, so the space was sold. it will be taken over by wanton house. in the north bay, after a pandemic hiatus, butter and egg festival is back. it has managed to survive, that is not the case with the garlic festival. three smaller, more intimate events are planned for that. tim johns was in petaluma. >> the streets were alive again on saturday what the annual butter and egg festival. >> i'm excited and delighted, i could not sleep last night because i was so excited. >> the event was back in full swing this year. >> it feels normal. >> the event ma

pandemic hiatus the butter and egg festival is back in petaluma this year why it remains a community staple while other local festivals shut down for good. i'm supposed to grate you with a look at rising spring temperatures. the accurate the forecast is coming up abc 7 news at 11. right now building a better bay area moving forward finding solutions. this is abc 7 news. good evening. i'm jr. stone. you're watching abc 7 news at 11:00 a surprise announcement today from ukraine's president saying he'll meet tomorrow in kiev with the us secretary of state and secretary of defense so far the state and defense departments are declining to comment and have not confirmed that but if the meeting happens the two would become the highest ranking us officials to meet with president zelensky in the war zone since russia's invasion began tonight troops are stepping up their assault on southern ukraine where the kremlin wants total control the south is important to putin because he would like to cut off ukrainian access to the sea of us all in the black sea and it's through those those seaports that ukra

i'm underweight in that sector in overweight and values so utilities, staples and know they are boringan environment like this it's nervous and anxious to provide safety and security. maria: another big story this week was elon musk saying he has a plan to be if twitter his $43 billion takeover bid. seems like everybody had an opinion about this, elon musk wanting to acquire the entire company after taking nine-point to percent stake. what you think happens here, kenny? would you buy twitter stock in the middle of all this? >> twitter is clearly in place aptly put twitter noun play is going to be a bunch of people that are going to start to look at it and see it. i would buy it as a trade is a long-term investor i would not necessarily buy it. but if someone is just one to jump into the excitement, yes you might here's the deal. when elon first announcers of the stock move up 12% and then it sold off as the market is not convinced that his bid is going to work. fifty-four dollars a share may not work. and so is there going to be a white knight? this are they all kinds of talk about it

but days out from easter and passover, you may have a hard time finding the staple. >> ridiculous. i'm going to go find chickens. i just spent $8.99 on eggs. the price is nearly three times from last year. it has only happened once before, according to market researchers. the soaring costs driven in part by a bird flu outbreak that is spreading like wildfire in more than half the country, leading to the deaths of millions of birds. the virus is rarely transmitted to humans, about it is hurting people's wallets. especially those with the ingredient baked into their business. >> so you got an invoice. the prices were nearly double. what was your reaction? >> i thought there was a mistake. >> reporter: the bakery owner goes through some 700 eggs a week and even more ahead of holiday weekends. could the timing be worse? >> no. it actually can't. it's pretty bad. >> reporter: the bird flu outbreak comes as food prices are already on the rise. >> my grocery bills have skyrocketed. >> reporter: milk, surging by 11% in the past year. butter up more than 5%. candy, 7%. the usda predicting g

etf, in would consider this kind of thing as well walmart is a staple stock, and here too look at the shocking underperformance, straight down relative look at some absolute charts here is the cvs chart in and of itself it is a mathematically perfect 45 degree angle, you see the parallel lines, it is a channel, and today we undercut the lower band that's not a good setup, relative performance to others in your sector is especially poor so let's pull this back a little further. this is a longer dated chart going back a decade. what is interesting is where the stall is occurring we almost got back to those highs of 2014, and now we're starting to roll so pull back a little further, here is the next chart, is it a double top i think it is. and then the all data chart going back even further, this is back 20, 30 years, buy, sell, hold earnings coming up. i'm a seller >> all right carter made it very clear, mike. what's a trade >> it is interesting, we just heard tim talking about walgreens and cvs respectively one thing said was that for cvs, they have inelastic demand that means as the p

so we've been reducing our weight in these late cycle sectors marginally and increasing weight in staplings and utilities. >> i think you couldn't be more spot on here you've got profits slowing you've got the fed raising rates and tightening in other ways does that mean necessarily that a recession is inevidtable or could the fed engineer the so-called soft landing as hard as it has proven to be historically >> i'm very skeptical the fed can engineer a soft landing. the reason why is if we go back to the late '70s, early '80s, i think the lesson that paul volcker taught everybody was the only way that the fed can truly stymy inflation is by crushing the economy. we know all inflation is is demand greater than supply if demand is greater than supply, prices go up don't need a ph.d. to figure that one out if you can't control supply, which the fed cannot do ever, if you want to slow the economy, you have to stymy demand they have a lot of work to do before they're in a contractionary phase >> i appreciate your comments. especially the way you categorize this as looking for late cycle sectors

a staple in the sports world and they staple in the city of birmingham. >> what are you looking for when introduction to people experiencing birmingham for the first time. we put out 200 beers and 205 is a feature draft line available at all of the games at the usfl. >> i feel like i need to try this. okay, here is to the usfl. >> absolutely, truly. >> carley: i can report back the beer was top-notch. so where the people, guys. so is everything, the excitement in the city. and the city center actually estimates the cost to put on and host all of the games in birmingham only a little more than $3600. so you do the math here things are looking pretty bright for the local businesses. >> carley: i'm so happy for all the business owners because of all they have gone through with the pandemic to have this excitement in birmingham. must be so exciting for them. abby, why birmingham? it is interesting all the games will be in one city. >> yeah, you know, guys, i've been trying to figure out the answer. it seems everyone is saying a different thing but birmingham which is opening its arms and onc

it's also a challenge getting the staple out of the country. but because of the war, we have no access to the black z, russian army ships are blocking the port, which would operations at ports have come to a near complete stand still and back at the farm. wheat fields are looking more like battlefields. so producing food for the world has become a serious problem for ukraine. that's why exporting the grains and produce that can, is even more important not only for the people around the globe who depend on it, but also to ukrainians themselves. global business can work as an act of defiance. that is one of the main takeaways from the annual fresh produce trade show currently underway here in berlin. since the russian invasion, ukraine's fruit and vegetable exports are important nourishment for the flailing economy. we try to push ourselves as hard as possible even, and it's hard times to worry. and, and many people are ready to do it. many people want to support ukraine. we want to keep our economic going. going, as men have to remain in the ukr

it's also a challenge getting the staple out of the country. and because of the war, we have no access to the black z, russian army ships are blocking the port or something with operations at ports have come to a near complete standstill and back at the farm. wheat fields are looking more like battlefields, so producing food for the world has become a serious problem for ukraine. that's why exporting the grains and produce that can, is even more important not only for the people around the globe who depend on it, but also to ukrainians themselves. global business can work as an act of defiance. that is one of the main takeaways from the annual fresh produce trade show currently underway here in berlin. since the russian invasion, ukraine's fruit and vegetable exports are important nourishment for the flailing economy. we try to push ourselves as hard as possible, even in this hard times to work. and many people are ready to do it. many people want to support to rain. we want to keep our economic going. going, as men have to remain in the ukrain

it's definitely been a staple here for some time.(sophie fouron) so this would be your typical corner store? (lori mccarthy) yeah, absolutely, yeah. you'll see many corner stores throughout the small towns. there are many of them along the bays, right? (sophie fouron) the wonderful thing is that you can get fresh fish. (lori mccarthy) absolutely. fish delivery, it's always been that way. they've always brought fish to the really local places. at one time, you'd go right down to the harbour where you're able to get it. but now, they keep the fresh fish coming in. people still live on fresh fish out around here. (sophie fouron) o.k. cod tongues that are on the list here, on the menu. - yeah. - they're a delicacy here. i've had some. (lori mccarthy) for people in newfouland, cod tongues were what you had no market for. so we lived on them. you know, they were common for breakfast and lunch, and supper sometimes. but cod tongues were usually cut out by the young fellas on the wharf. so once the cod came in, the head was taken off. the he

it's also a challenge getting the staple out of the country. but because of the war, we have no access to the black z, russian army ships are blocking the port pinworthy operations at ports have come to a near complete standstill and back at the farm. wheat fields are looking more like battlefields, so producing food for the world has become a serious problem for ukraine. that's why exporting the grains and produce that can, is even more important not only for the people around the globe who depend on it, but also to ukrainians themselves. global business can work as an act of defiance. that is one of the main takeaways from the annual fresh produce trade show currently underway here in berlin. since the russian invasion, ukraine's fruit and vegetable exports are important nourishment for the flailing economy. we try to push ourselves as hard as possible even, and it's hard times to work. and, and many people are ready to do it. many people want to support ukraine. we want to keep our economic going. going, as men have to remain in the ukraine

stocks, pharmaceutical stocks and energy and banks >> consumer staples pharma or health care, some will call it energy banks i don't want to say they're super consensus, but they are. like you said, you're bottoms up you're looking at the companies themselves, the balance sheets what about the process is driving you into the sectors why should people feel comfortable doing what the rest of the crowd is doing right now? >> we're trying to find higher quality companies, companies that will do well in an economic slowdown or even a recessionary environment. they hold up better, but also in a growing economy, they will participate nicely as well and so that's where our process is leading us today toward consumer staples and pharmaceuticals, banks and they have better risk rewards. they have better valuations. >> sure. and some of the individual names may surprise people. for instance, foodline's parent company, a hold, you also have general electric in here, a battle ground company far long time truist financial let's start with the food line parent company why this name? >> so this is ahol

it's also a challenge getting the staple out of the country. and because of the war, we have no access to the black z, russian army ships are blocking the port, which would operations at ports have come to a near complete standstill and back at the farm. wheat fields are looking more like battlefields, so producing food for the world has become a serious problem for ukraine. that's why exporting the grains and produce that can, is even more important not only for the people around the globe who depend on it, but also to ukrainians themselves. global business can work as an act of defiance. that is one of the main takeaways from the annual fresh produce trade show currently underway here in berlin. since the russian invasion, ukraine's fruit and vegetable exports are important nourishment for the flailing economy. we try to push ourselves as hard as possible, even in this hard times to work and, and many people are ready to do it. many people want to support ukraine. we want to keep our economic guy and going as men have to remain in the ukraine

think of how strong energy has been, steel, aluminum, consumer staples, utilities up and up to the right. at the same time extreme weakness and bio tech gets worse and technology and semis and retailers. when you have a spread like that, there's the thought the strong stocks have it right; that energy leading the way and the material stocks and the strong start to crack. we're seeing that now. metals are cracking. a lot of the steep run up is starting to give way and the weak get worse so, we're starting to see that unfolding. i think there's more down side more stress ahead and it's just a time to post pone most all new buying >> i don't like this message this is a very difficult one >> i mean, obviously everyone can do what they want. there are some times when -- and we have expressions. stand aside. i think that's a moment like this >> it's interesting what you say about leadership because definitely people have been looking to the market and saying fine, if i stay away from high tech and get into some of the ports you mentioned, maybe i can ride this out. what would your -- i don't w

. >> reporter: and baking staples? >> doubled.for each cupcake at this point. >> reporter: in 2019, cupcakery would pay about $18 per 15 dozen eggs. now? >> they are $55 for 15 dozen. >> reporter: cream cheese, about $6 per three-pound loaf. now? >> $11 per loaf. so almost double the price of that. >> reporter: their bottom line just didn't add up. >> last year, we actually had our busiest year ever and our lowest profit margin ever, as well. >> how does that happen? >> just everything's going up. like, tenfold. >> reporter: so for the first time, cupcakery's cupcakes now cost 5 to 10% more. >> you want a cup kcake, we hav got to charge the cost to make em. >> banana pudding. >> reporter: customers take note. >> i did frequent another bakery where their cakes are -- they're nice but the prices are excessive. so, again, another reason for me to come and have the opportunity to try something different at a cost that i feel is inviting. >> reporter: a recent u.s. chamber of commerce survey shows most small business owners have raised

i still like staples. like energy, even at these levels and i think that's where we need to be positioned. i agree with you in semiconductors, there is a price for everything. you know we could look there. what i'm looking at over the next week is consumer confidence. it's been, it has dropped so enormously and that will have impact on how the economy -- charles: that is going to be good. >> consumer confidence is plummeting. >> saw sentiment come in really sharply higher on expectations. i think gas prices to down. shah, less than a minute. i don't think i got a specific from you, my man. hear something, give me something before we to? >> energy stocks, i think energy plays still have room to go. i'm with george. it's a trader's market. tough pick your spots here. we are trading commodities. we're buying some. not just letting them go. i think they have a ways to run. don't forget they are commodities. put in your stops, take profit targets, when you hit them, get out. they will come back down, they're cy

we earned advertisements with him, because, again, the staples were not wrinkled.e not droplets. this is the type of ad. it ’s good in the world, what’s the matter, it wasn’t the war that went right right away . ha, it would be nice now to drive around the city under rain in such a strong thunderstorm. when everyone is running along the entrances and to the subway and the rain hits the windows? and then another girl is walking, reached by a thunderstorm. all wet, beautiful asks you to let me down, and you say, please sit down. and you won't let me down. and the rain is pouring more and more and i think that it is already running out and that it will not be enough at all, but it still whips and whips and shakes the drainpipes , does not think of ending at all. and then there is a girl next to you walking barefoot, shoes in your hands, and you tell her, well, how warm water is very warm. now to bathe in the summer rain. it would just be great . does it suddenly end? he is no more. he was just gone, but how beautiful it smells of leaves and flowers and comes by. it 's

we think of areas like health care, like staples, even utilities.eep in mind, consumers even when prices are rising will likely have to pay the health care bills, buy their staples and buy utilities as well or at least pay for their utilities. >> right. >> those are the areas we think could hold up relatively better in the near term. charles: that is a great point coming into today's session, staples are only sector up for the year and for the month. as far as looking backwards, look at a new york sports fan. woe get melancholy and sad when we look backwards. we feel like we will never win again. david, let me ask you a conversation, so many conversations about financials. it was about financials and energy, rah-rah, you make a lot of money. raymond james does a double downgrade on zeints. they say the stock picking is increasingly important pour banks. what about lending? i always think the stock lending stuff, you know trading the market was ancillary. is this new paradigm of banks? you have to own a bank that can trade the market well? >> i hope

an absolute staple of french daily life.laries of the people who have to cook it, but those salaries are going up, so, the amount of money spent on them is also increasing. then we have the cost of the ingredients. normally about one third of the price, but they are going up as well, nearly 33—35%. and energy costs have tripled. what all this means is that when you take into account other costs, like rent and all that sort of thing, you are left with very little for the baker, and that's why the cost of a baguette is going to have to rise. the price of flour is a major issue. this mill outside lille supplies 100 bakeries. the owners say they have no choice but to pass on their own rising costs. translation: since the conflict in ukraine began, _ there has been a big increase in the price of wheat. - in september, it used to cost 240 euros per tonne. - and it is now over 400 euros. but it is notjust about the price of bread. here in the marketplace in lille, you can buy fresh fruit and vegetables, meat, fish, it doesn't reall

. >> the consumer discretionary you like consumer staples, you suggested by the xlt for the consumerk at some your pictures really quick, do you get the sense for the time being though that the fed is raising rates and inflation is still here to stay away from the discretionary names. >> i think that's a big sector and dominated by amazon and tesla as far as tech on a capitalization -weighted basis were leading into those areas that tend to be more defensive in nature and defensive growth if you will like staples in real estate for the fact that look it over the next couple months with economic to decelerate from last year at a heavy pace while still positive, nonetheless facing the headwinds that i mentioned earlier, i think it's going to require quite an effort on the policymakers not to trip the economy into a recession, perhaps not this year but more likely next and therefore the avoidance while staying long and the equity market given that macroeconomic backup in the u.s. is still reasonably vibrant is to say go into the sectors where investors will likely park risk-based capita

. >> always looked at it as a consumer staple too.aught up what about berkshire hathaway overall. it's been pretty resilient thanks to holdings like coca-cola and being in some of the right spots isn't the economy. what do you expect to get this weekend, to hear >> i think it's almost a guarantee you're going to get reminders about those long-term principles, about don't bet against america over long periods of time, the stock market can be very rewarding he points out the dow was under 100 when he first bought his first share of stock shorter term, it's tough to say. higher rates, this cocktail of higher rates, stubborn inflation is somewhat benefitting parts of his business if you think about it insurance has been a bright spot with the financials. obviously energy infrastructure and utilities a big part of it railroads have also been very strong so the components of berkshire hathaway have been in favor at the moment also extremely strong balance sheets as his are. and his stock portfolio has a lot of the steady consumer staples ty

one of its snowy staples on record. also one of its white is steep rolls. so the red river valley will be an area to watch inside for the lower great lakes. nice stay in toronto at 14 degrees for the eastern seaboard of the us . not bad, new york to dc that suns out high ranging from about 18 to 21 degrees. weather for b, c's, lower mainland spilling into the pacific northwest south. if there's a high fire danger for the desert southwest. so arizona where there is a wildfire burning right into new mexico and western portions of texas, while some moisture and humidity off the gulf of mexico could spark some storms for the u. s. gulf states on saturday and now we're off to central america. dose with rain for puerto rico into the dominican republic and rain, not too far away from to gucci. gallop up over the course of the weekend for the top end of south america. it's our usual storms, but an overcast stay for both bogus and lima. lima got hiv 19 degrees. that's it. susan cas. airway official airline of the journey. me this is al jazeera. ah. hello mccloud. th

staples holding up best. follow the sell-off and hit some of the big moving names especially the nasdaq which is down more than 2% in the market zone, next t's talk about those changes to your financial plan. bill, mary? hey... it's our former broker carl. carl, say hi to nina, our schwab financial consultant. hm... i know how difficult these calls can be. not with schwab. nina made it easier to set up our financial plan. we can check in on it anytime. it changes when our goals change. planning can't be that easy. actually, it can be, carl. look forward to planning with schwab. schwab! ♪♪ the pursuit is on. the pursuit of outperformance at pgim. with deep expertise to outthink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of pruden

staples and utilities are amongst the most expensive assets in the s&p 500.s really funny is some of the staples that are traditionally defensive meaning the food and the like, they're expensive, but if you take a look at where the sectors composed, scott, i think costco is one of the top 25 company and i think utilities are expensive and they'll be with respect to the infrastructure going to are ward i don't think you sell them all, five of the left separate cycles and/or, the technology has outperformid and think we've forgotten about that lastly, if you're looking for stability, the most stable earner in the s&p 500 are the secular tech growers and they've caught a bid here as of late ask they should be a part of the longer term portfolio and we're overweight tech, and i'm neutral from now until the end of the year given the volatility in the overall tech sector. >> want to point out the overall market you've got an almost 200-point gain on the dow and an over 200-point gain on the nasdaq and it's pretty strong there and the yields are down, as we said 267