, the staples sector think of them as the companies that make the stuff you have to buy or that sellthe stuff you have to buy and i want to talk about walmart because the staples sector was the only sector in the equity space that was higher today so walmart is one of the kings of the staples i love what they have to do. they're going to do a great job when it comes to maintaining marginsme margins. i want to get long exposure to walmart. the way that i did that today, i did this earlier today in the october expiration i bought the 140 strike call. i paid $1.50 for that. you can actually buy it a little cheaper later in the day that's the october expiration. as with in time that we're going to buy an option, our max risk is what we pay, that's $1.50 my goal here is for walmart to get back to the bottom of the gap from may when they reported disappointing earnings and i think that they're going to do that last quarter they had really nice earnings. again, they make the stuff that you have to buy. if there's a problem with walmart options, it's the implied volatility is low, so there's

so walmart is one of the kings of the staples i love what they have to do.they're going to do a great job when it comes to maintaining margins. i think it's a great company so i want to get long exposure to walmart and the way i did that today, i did this earlier today, in the october expiration i bought the 140 strike call i paid $1.50 for that. you can actually buy it a little bit cheaper later in the day but that's the october expiration you can see as with any time we buy an option our mask risk is what we bay, pay, $1.50. the goal is for walmart to get back to the bottom of the gap from may when they reported disappointing earnings i think their going to do that last quarter they had really nice earnings. again they make the stuff that you have to buy. if there is a problem with walmart options it's the implied volatility is low. so there is not a lot of meat on the bone if you want to do something like a spread. but as mike said, sometimes all you have to do is buy a call i love the fact that i am going to get long exposure to the equity space in the s

utilities and consumer staples are near the bottom of the market a lot of staples p & g, mongallese on the list of 52-week lows nasdaq composite down three-quarters of 1% for the week as a whole we're down 2%. take a look at the biggest decliners this quarter on the dow, spanning a range of industries it's been absolutely tough from intel and verizon, nike which is trading at the lowest level today since april 2020 walgreens and ibm. double-digit declines across the board in the last three months coming up on the show today. we'll talk to the chair of the national bureau of economic research, a group tasked with officially designating a recession hasn't done so yet and there's talk of where the economic slowdown stands we'll have that debate we'll kick it off with nike, stock getting hammered down 12.4%. what's the problem same-sex ses inventory. inventory was up 44% in the quarter and 65% in north america in september basically product from nike. sneakers, apparel. it's been flooding into the u.s. after having been stuck at sea or closed in the asian factories for months it's an issue

done that with things like staples, o.j., eggs and milk a lot are going to buy bulk, like costco and sam's club sam's is starting to increase prices for membership. >> by the way, this is where the comparison shopping by, say, product ounce is in play because then you don't have had to do the math yourself, the grocery store is doing it for you. dom, thanks. >> it's like a whole "curb your enthusiasm" episode right there. thanks for watching "power lunch. >>> the dow clawing its way back from a 300-point decline the nasdaq and s&p are still in the red. the most important hour of trading starts now welcome, everyone, to "closing bell." i'm sara eisen take a look at where we stand right now in the market. at the lows of the day we were down 290 on the dow. now we're up about 18 points or so s&p 500 is only down a third of 1% because it's balanced in between sectors. you've got strength and utilities defensive, health care and consumer staples, but also communication services are strong following through on yesterday's rally. names like netflix, dish, comcast, that's helping the nasdaq

most sectors are lower there's only one spot of green, that's consumer staples.lities wavering up there as well what's being hit the hardest industrials on some warnings, fedex, ge, southwest at the bottom of the list it's getting hit hard. you have some weakness in energy materials, financials, consumer discretionary, all the things tied to the economy. it's the safest place doing the best >>> after the break, taking a hack seat. uber under pressure as the company says they're investigating a cybersecurity incident. >>> as we head to break, check out the biggest losers of the week in the s&p 500. some shocking moves. it's a 5% down week for the s&p 500. look at some of these third names. adobe off the $20 billion deal announced yesterday. down 25% there's fedex with its warnings and cuts down 23% nucor, eastman chemical, a bunch of downgrades in the chemical sector and lowered forecasts which we'll talk about when we come back. >>> look at shares of uber under pressure today with a lot of tech and gig economy stocks the company earlier today say they're investig

he and i earned advertisements at the staples, the staples were not wrinkled.are not a bit of this type of advertising. he won’t understand right away, the rain went well, how good it would be now to drive around the city under rain. 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 walks, caught in a thunderstorm, all wet, beautiful asks you to bring you 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 had just been gone, how beautiful it smells of leaves and flowers and comes by. it's impossible green volga and not wet and everythi

it's a consumer staple. as a low data stock. it is relatively cheap trading over four years give or take. the company has been executing well. they have seen increases in cuts and a gross margin of 21%. we've seen this over the last 10 years. great reasonable. they are really executing quite effectively and on digital. we have earnings coming up. this is a gnome we actually own. we do have earnings coming up next week and the potential catalyst for the upside. when i was looking to do was a call for this. i was looking at january. i was going to buy the call and it would cost less than four dollars. i was going to sell a mirror dated strangled against it. this lays out at about $2.85. the idea is to capture the premium you will see going into a catalyst like this one and it is a low stock so the downside risk of putting the stock at $45 is a reasonable one to take on given the fact that the stock as experience some weakness. we were recently adding on this one. okay. so moving from the financial name to a consumer staple name. w

look at the consumer staples. not the consumer treasuries because they are more dependent on the buying power of the consumer. francine: is there something that could change quickly? for the moment, some of these retailers have been able to pass increases. how do you differentiate within the subsectors of retail? willem: the luxury goods space is doing well and it is the resilience you have from households that are buying the luxury goods. they have the better savings and income as well. their level of disposable income is fine on the basics. we are not there yet where we see weakness in growth, so those are areas where they are doing poorly in d.c. prices decline because of activity -- poorly and we see prices decline because of activity. oil prices are still a reason behind it but also because of supply chain disruptions. tom: differentiation within the retail sector. thank you. willem sels, global cio of hsbc private bank. he stays with us and thank you to ven ram as well. let's get the bloomberg first word new

we are talking about a consumer staple. this is a low data stock. it is relatively cheap, trading at four dollars, give or take. the company is executing well. they have seen increases in costs. this is probably toward the low end of the range. it is reasonable. they are really executing quite effectively. there is saying on digital. we do have earnings coming up. this is a name we own in our portfolio. this is the low bid. we have earnings coming up next week. that will present a catalyst for the upside. when i was looking to do is the cause of risk reversal. i was looking at january. i was going to purchase the at the money calls. they would cost less than four dollars. i was going to sell against it. it was looking at $2.80 in premium. the idea was to capture the slightly elevated premium you will see going into a catalyst like this one. because it is a low beta stock, the downside is having the stock at $45, it is reasonable to take on, given that the stock has experienced some weakness. we did end this one to our position. >> we go from the fin

you look at consumer staples, there again, you have to generally pay a bit of a premium there if you it. what's interesting to me, that type of thinking and those flows have not made their way toward what we used to think of as the more reliable areas, which were some of the big tech platforms and things like that, which got too expensive. people don't want them yet. >> tesla is higher, starbucks, lululemon adding 4%. what you seeing in the market internals? >> softness there. we've been toggling mostly below the flat line all day and it's more than two to one, 2.5 to 1 pretty consistent at the index level there. take a look at the communication services sector. made a new low today actually as a group while the s&p has not made a new year to date low. you talk about traditional defensives the telecom, cable stocks really look awful right here. people are concerned i think about things like cord shaving and cord cutting comcast, charter, all those things not working and then meta and google are also relative under performers that's an area that probably is starting to look statistica

it's utilities it's staples it's health care it's energy. and it's been that way since last december. since the chairman made the announcement of what he was going to do with monetary policy last november immediately in december it was health care and consumer staples and the defensive formation took hold in the market, and it hasn't changed ever since louisiana pacific and buying it an example of that type of stock. >> you're sending it higher, too. the highs of the day for lpx you see it there with 3% we'll call it a gain we'll keep an eye on that one for the remainder of our show. still ahead we center trades on some of the big analyst stock calls of the day and one week from today join the most powerful investment event of the year at cnbc's delivering alpha returns in person september 28th you can meet with economic leaders, policy makers and the world's best investors you can scan the qr code on your screen right now and register. don't miss it. we're back in just two minutes ♪ ♪ wow, we're crunching tons of polygons here! what's going

which are also a staple of low ball etfs. attention to what is in -- in your etf >> what saveable role do these funds have in an ordinary person's portfolio why in the world would you get in them? >> let's talk about the low ball etf which makes a lot of sense if they truly are lower volatility and well diversified and not overweight something like staples or utilities. the mobile etfs is a wonderful question momentum is often an illusion. we think it's going to continue, and the math shows it's not going to continue and the momentum etfs end up in the big beta names when the market is flying and in the low beta names when they are not like right now and you don't understand what you're getting with a momentum etf. i would never invest in one or ever use momentum as an investing thesis period. >> okay. take me back to the minimum volatility etf why would i want that one? what would that protect me from or help me do or what? >> well, the goal is obviously lower volatility, and they try to -- some of them try to do it -- some

over the weeks staples got murdered, utilities even worse health care was down guess what was up? biotech. a lot of little ones look to be bombing. let's look at some charts. first is xbi, that's the etf what you see is fairly well defined lows let's annotate those lows. we've bounced exactly at the covid low. all right, moving on, how can we draw the lines we can draw them as a cup and handle, head and shoulders doesn't matter what you call it, it has all the elements of a reversal formation finally, look at the here and now charts those were five-year charts. these are one year charts. same far with a different set of lines, look at the head and shoulders bottom even as "x" value is pulled become, and you can see that it's drifted lower it's making new highs for the s&p sm we like it a lot. >> mike, what's the trade here >> we have xbi trading close five-year lows it's pretty volatile, so we saw that area that carter was pointing to. implied volatility for xbi is close to five-year highs this sets up an interesting dynamic for a trade we really like in situations like this becau

even the more staple names in the discountiers are significantly lower. big lots is down 11% walmart and target are lower too, but not at least much worse than the broader market. the specialty apparel players, those are off huge we saw actually an increase in inflation numbers for apparel. children's place is down 13% urban outfitters down 8% abercrombie down more than 6 and haines brands down 7%. shares of nordstrom down 7%. ralph lauren and capri holdings down 5%. canada goose, rh, all of those names falling even more so than the broader market as we worry about consumers' ability and willingness to spend when everything that we have to buy continues to go higher back over to you. >> i was surprised, courtney, i don't know about that, that inflation and apparel this morning actually went up after a decline last month in some of these categories, we heard from retailers as you've been reporting for weeks now, target and walmart, the poster children, they're going to have to start marking down these products because they got the inventories wrong and are

a q is stretching nearly 7 kilometers along the river, thames is staple white to pay their respects, the metropolitan police says the queen's funeral and lying and stays is the biggest security operation. it's faced, andrew simmons is among the crowns in london. what do you get? the feeling on speaking so many of them, and i've been a long way back that come from westminster a short time ago. and the general feeling is that this is nothing like a tourist trail. it's all in many cases, it's a personal pilgrimage. people really want to relate to the situation to say the last, well, to queen elizabeth the 2nd because quite simply, most of them here foss majority, more than 100 percent, have never known any other queen any of the king. so this is really, i wouldn't say it's, it's a solemn mood, but it's certainly serious. and i'm going to try and have a quick word now with, with some of the people here. how do you feel about all this time you're spending trying to get to witness to hold? absolutely fine. absolutely fine. it's perfect. i mean, she's an amazing woman. she's with, you know,

staple valuation and much higher than this >> michael farr, how interesting?ph goes into a perceived defensive consumer name at the same time you move out of ross stores why? because they have the same characteristics of the types of thing stephanie was just talking about. >> they do, scott. i think the difference would be the consumables stephanie was talking about you don't have in ross stores. that lower price consumer has really been severely impacted by inflation. for consumables maybe, but for discretionary spending not so much and that consumer lower income in america and really been suffering from inflation, we're stepping out of ross store now and probably ought to take a look at some of steph's names. >> she'll pass you the names you can check them out during the next break >> we talk from time to time >> here's what's happening at this hour. vice president kamala harris will visit the demilitarized zone separating north and south korea on thursday during her trip to asia this follows recent north korean missile tests and is a bid to show washington'

look, the reason things like utilities and staples tend to rally is because they tend to be a little bit more elastic, people tend to have to eat to your point they can choose what they eat. it's going to be very important to focus on earnings and profitability. make sure that companies that are able to pass through some of those inflation costs to the consumer, as of right now it looks like that's holding firm, but that's something we're going to have to watch closely and why profitability matters. a lot more today than it did over the last couple years. >> mike, it's good of you to join us. thank you for the advice appreciate it. >>> a morning of investing heavyweights at cnbc's delivering alpha summit. stanley druckenmiller said he would be stunned if there was no recession. j.p. says there's opportunities everywhere we're going to hear from bravo co-founder orlando brav cro with leslie picker at delivering alpha. hi, leslie. >> hey, contessa it's been a wide ranging conversational, important day here at the delivering alpha conference i'm glad to be joined by orlando bravo. as yo

continues to be a staple what's that economic narrative weaving into this discussion something to watcht's get a check on this morning's other headlines outside the world of business. nbc's phillip mena is in new york with the latest here. hi, phillip. >> hi, dom, good morning hurricane fiona is slowly moving toward bermuda, strengthening toward a category 4 storm after slamming turks and caicos. the dominican republic and puerto rico still reeling after the hurricane barreled through there this week? the special master held the first meeting on mar-a-lago. he felt skeptical about trump's claim he had declass feed them trump's attorneys said they didn't want to disclose them yet because it could be part of an eventual defense the fed says unless trump can show those 100 documents are not classified, he will treat them like they are. he told the trump team, quote, you can't have your cake and eat it in a separate filing, trump's lawyers called this case a document stormage dispute that spiraled out of control. >>> what do aaron jaudge and bab ruth have in common? >> here's the 3-1. deep

>> you know, i think we start with the popcorn over here. >> it's a staple, right. >> a staple. >> you>> that adds a little heat. i have this little spice mix. garlic powder, onion powder, salt, pepper, acidity and some sugar. >> that's what you mix up in it here? >> yeah. >> show me how you do it. there it is. >> you want to take control? >> yeah. that's what i do early in the morning. >> yes. >> now you also have a unique spin on corn dogs. >> yes. one thing i like to do about corn dogs is i like to put the batter in a cup. why i do that? that way -- boom. >> this isn't just regular batter. this is jiffy cornbread. you say you doctor it up. tell me the secret because i love some cornbread. >> number one, i like to doctor things simple at home. at home, you don't really want to take 20 minutes, 30 minutes. so i use the mix. i add a little baking powder. one thing i do is double fry it. after you fry items, you let it sit, moisture comes out. it gets soggy. then you drop it again after you let it rest for a minute. it stays crunchier. so when you have gatherings, parties, people are li

sta staples, the sector, not the store. communication services of which facebook/meta is the biggest and most terrible performer is on the downside travel and leisure are among the worst performers in the s&p 500, las vegas sands, royal caribbean, marriott, hilton, down more than 3% and the nasdaq names are getting hit the hard e est. 5.17%. paul amman that's something for paul. he's one of our producers. we're also down about 4% on most of the other names as well he's done with the push-ups, to the aforementioned tyler mathisen >> i'm going to go into a meditative state new york attorney general latisha james is suing donald trump, if you haven't heard. his company and three of his children for fraud she seeks $250 million in fines and pans on trump and his children from running companies in new york. >> the complaint demonstrates that donald trump false ly inflated his net worth by billions of dollars to unjustly enrich himself and to cheat the sy system, thereby cheating all of us >> a spokesman for the trump organizatio

we like names there you have to look at some staple names.ut. charles: have a coke and a smile and sleep at night, i like that. victoria, thank you so much. it is great seeing you. >> thankss charles. charles: folks, enphase, if you haven't heard of it, you have been missing out. it is the second best performer this year. matt caruso totaled everyone on the show that he bought it. he told to you buy it. the question, does he still like it? he has more picks. we have danielle shay on last trades. don't go away. we'll be right back. ♪. i'm a performing artist. so a healthy diet is one of the most important things. i also feel the same way about my dog. we were feeding her dry, triangle shaped ingredients long as the yellow brick road. we didn't know how bad it was for her until we actually got the good food. we got her the farmer's dog sent in the mail. it was all fresh, when she started eating healthier, she started being more active and smiling more, running more, playing more. i want my dog to have a healthy and long life. the farmer's dog r

you talked about how tourism has always been a staple for the take, but surely it's now becoming even more accessible to people. i think, i think after the co, with, after the pandemic, a lot of people says, do i want to go to, to paris berlin, london. or do i want to go to the wilderness in no, no way where i live, for example, do people want to go out the door and experience the beautiful nature? and that's really what we have to offer. like where i live. we have northern lights, we have whales outside. we, you know, perfect for skiing, you can write a doc sledge and so on. we just have to be careful in these small, fragile communities that we don't get mass tourism has to be high in tourism. and i'm sure we can get that one of the other issues with seeing as the planet gets hotter and hotter, is that people have to find somewhere else to live and people are moving north. what opportunities can this part of the wealth provide for immigration migration? i mean, we love migration and immigration because 1st of all, as i said, we have massive area, but with only 4000000 people. so we g

. >> you say that the time for investing in so-called defensive stocks consumer staples, health care, and most notably energy, that the kind for those kind of plays is passed. why do you say that. >> the time to buy defensive is before you have a bear market, not when you're down 22% in a bear market. and down 22% really masks the damage that we have seen in stocks because the top ten stocks are only down 11% that means the other 490, there are just so many good quality companies that are down that have a little more cylicality to their business than defensives i'm not aub the next 12 days, but over the next 12 months, it's highly likely you'll find good-quality companies that are down that magnitude, you'll have a good return over the next 12 months given the damage they've already experienced. so the damage they spleernsed, i want to come back to energy in just a minute. but what you're arguing for here are exactly companies that have a cyclical component to them so that as the economy may turn, eventually, they will lead the way out and three of those companies are our age, the for

consumer staples hanging on, general mills had a good quarter. technology stays green, so does industrials. everything else turns red, though, on the day knock extreme. as i said, it's been a volatile and choppy trade post-fed. we'll have much more reaction with gary cohen and other right after the break. okay season 6! aw... this'll take forev—or not. do i just focus on when things don't work, and not appreciate when they do? [dog groans] so whatever is at work to pull all this off, it's working. as are those earrings. ♪ ♪ even work works! i just booked this parking spot... this desk... and this conference room! i am filing status reports on an app that i made! i'm not even a coder! and it works!... i like your bag! [people cheer at concert] real-time ticket upgrade! meaning....i get to meet my childhood idol. that works. i named my dog joey fatone. co2 levels-- if i may! all this technology is helping the world work, so you can focus on making the world work better! so i say...lets work! ...or i think that's what we're both saying. when your di

and budget tables fail also been just trying, including announce tomatoes, which are essentially staple goods that higher prices for them, prizes for to meet or the onions have increased by more than 100 percent or the last few days. because the infrastructure is broke in the supply chains are broken, it's not possible to take, it was from one point of the country to another. that's where the government is really focusing on in opening create with india, so that we can import these essentially the stables. let me pick you up on that that point about importing because pocket stones economy was already struggling with a huge current account deficit, high inflation because of over reliance on imports. and now as you say with so much of the food destroy, they're going to have to import more. this couldn't have come at a worse time. could it for the countries finances? that is correct. this is possibly the worst time. the major will actually happened on the day when i'm, if program got through. so we're looking at additional deficit of around $5.00 to $6000000000.00 in addition to the deaf i

residents of poland should prepare for the jump son on staple food publication business insider notest due to drought in ukraine where the largest salt production plant is located. poland may experience a shortage of this product, according to the latest data, about 2 million tons of raw materials will not enter the market. this is already affecting the availability of this type of product also because of the drought and the price of dairy products will seriously rise. the cost of living is also rising in latvia and the gas supply company intends to raise the tariff again, as the prices for blue fuel have increased significantly, the head of the company explained that now a consignment of gas costs about 250 million euros, which for most companies in the baltic countries, it is simply unacceptable. that is why the company is asking for a national regulator. review your rates. it seems that he admits that after the recalculation of consumers, a huge jump in the cost of gas can be expected . to hear the report of the head of the magathars , ella grosse, on the results of yesterday's vis

it's just a bunch of hocus pocus hollywood staple following winifred, sarah and mary as the magical trio ran amok and salemd they played it at halloween week or they played it just the night of halloween, and then they played it the week of halloween . then they played for two weeks before and then three, and suddenly it was a whole full month. it's been 30 years. so generationally. what's happened is this generation has grown up and handed off to their kids. the other thing that i think is so special about this is that the audience is incredibly diverse group of people did you ever did any of you hesitate to think that this would be a good idea to do it again? i never did because i had such a blast, the first time when it finally became real, to my knowledge, we all said yes immediately have to say that. cathy again. oh god, i saw 30 years 30 years have passed on. oh, my god! growing up. i was sick of advantage of that, medlar. so i knew her and saw her so many times that she didn't see me on stage at 13. i, too love that so much, and then we had the same voice teacher and i would go af

another viewer who wanted to remain anonymous had a different view, e—mailing: 0ne staple of news coverageam results day, whether it's gcses or a—levels. typically, tv reports on the subject start something like this: she's done it. i've done it! the tense wait over, so relieved. - mum is going to be so proud of me and i've got to tell her. and notjust for the students. whether a—level. .. i needed three bs and i got three bs. distinction. 0h, fantastic. this is the passport to their adult lives. i got a, b, b, so i feel relieved. jamie thornton was watching that and had this question: and mike agreed: finally, most of us have been enjoying or suffering some very hot weather this summer, confirmed this week to have been the joint hottest record in england. and that's featured prominently in many news bulletins over the past few weeks. here's a couple of examples. it is about to get much hotter. it is about to get much hotter. it is about to get much hotter. it is not welcomed by all. keeping cool by any way possible. normal life had its challenges today. in central london, some still brave

dani: in terms of health care, some of the consumer staples are traditionally considered more safetyype sectors. i wonder what you do with utilities right now as a safety trade. there has been a divergence of enemy -- energy companies that have seen their collateral, they need to put up their hedges, we've seen europe propose different liquidity things to provide for them to make sure they don't -- that they can meet the collateral. does this change how you look at the sector in terms of a pure safety type play? louise: in general, we have been in favor of the u.s. just because they're slightly less regulatory headwind, although at the moment there's a lot of uncertainty around european utilities and what additional curbs might be placed upon them, and additional restrictions. the u.s. has a bit more of a free market mentality. those of the areas we are looking at a bit more. utilities have performed well. right up there with energy names and terms of some of the events that have come through in the last couple of months. dani: real quickly, we are almost out of time. we need to ment

greg staples there. five minutes away from the opening bell. yields higher on the two-year, on the 30 year up six basis points. equity down 1.4%. tom: i am focused. i have never gone as far out as soon three but if i take the train from london bridge to tottenham -- jonathan: where you going? tom: there is a game. jonathan: point is that happening? tom: this weekend. are you going to a get -- jonathan: are you going to a game? tom: i am considering it. jonathan: the opening bell is just around the corner. ♪ jonathan: seconds away from the opening. futures laura wright one 5% on the s&p -- which is lower by 1.5% on the s&p. in the bond market, yields holding. on a two-year, and up a basis point -- a few basis points. right now, euro-dollar .9968. abigail: the selloff we are seeing is what you see when fedex has its worst day since february 1980. down 22% on the bearish preannouncement. asia, europe, areas of weakness. this reaffirms the area that a global recession, slowdown is here or very soon. it is confirmed by the area that ge also announce

. >> reporter: sweaters may be out, but it is time to stock up on summer staples. some stores are dealing out deep discounts on clothing. hanna andersson is offering 40% off site-wide for their big fall sale, and bloomingdale's is taking an extra 30% off clearance items through monday. as for back-to-school supplies, stores like targets are running sales events for teachers, offering an extra 15% off on school supplies through september 10th. plus, there are a few other tricks to help you get the most bang for your buck. >> it's really important for consumers to wait for sales, especially if you need something specific. you can set a deal alert for it, and they will let you know when that item goes on sale. >> good advice. >>> and coming up, we are going back to school. >> reeling in the years to when we hit the books, straight ahead. ♪ >>> how's this for "the mix"? lots of kids are already back in school, so this is the perfect time to share some blasts from the past. >> from back during our school days, we came up with some shocking evidence you don't want to mis

louis, and the fed funds rate getting 43/4% and if we switch from stock to bond market and consumer staples stocks taking a hit today and this makes sense, interest-rate sensitive names, the 10 year treasury yield, and and for the 10 year treasury yield, october 2008, around a 14 year high to see if it maintains throughout the day bit this is not justice, government bond in the uk in the euro zone have extended their selloff which has been going on for some time but a reversal of what we saw earlier today. to wrap it up we talked about stocks. consumers, interest rates incident gains, not just consumer staples but utilities are good example because you are dealing with competition interest rates. looks exxon mobil, it is up today. utilities, cms energy, those are lower as well because it is a competition, you have a pretty good yield from these utility names but now you have a higher interest rates. these are companies that borrow a lot of money with higher interest rates. oil is the one thing up. the storm coming in, everything else turned around midday and in one way, shape or form has to

in markets around the country, local staples like duck eggs and cooking oil have shot up, leaving parents with tough choices to feed their families. go and get my kids are growing. what i so we have to find enough food for them to eat, because they're at that growing age and need to study. so we parents sometimes have to reduce our own portion. couple time parents are putting their kids 1st to ensure them a bit of future at a time of so much uncertainty in cambodia and with the next empty ball never far away. and you can get more on any of our stories today on our website. the w dot com slash asia. otherwise we'll be back tomorrow. same time, same place. see then, with cheer and the man. we take a trip through scotland with the whisky vicar, the catholic priest, wife concave, who is a self proclaimed church rebel fighting for progress and change in his church. and when he is not working, the course to understand, no holiness who, whiskey on d w. m. what secrets lie behind these walls? discover new adventures in 360 degrees. and explore fascinating world heritage sites. d w world heritage

india, follow falling water levels in the state of punjab, have severe consequences for a beloved staple crop. right? but a new cultivation method could keep the industry there from dying out. and an indonesian fashion brand looks to the past for ways to make clothes that are good for the future of the earth. welcome to dw with us. i'm christy plants in india's economy grew at 13.5 percent in the 2nd quarter. that's compared to the same period in the last year. it's an astonishing double digit figure at a time when other major economies are in trouble. global economic growth have flood amid recession fears caused by spiking energy prices that followed russia's invasion of ukraine. india shook off the effects of the downturn of the pandemic period, and is expected to post a $7.00 annual g d p g d p growth this year, seemingly recovering ground last almost 3 years ago. now, india's g d p growth has been out performing other major world economies, even as they bounce back from the pandemic. they've been struggling with the fall from the war and ukraine, including rising food and energy pric

section, post kellogg's all there but store brand sold out, meaning people can't afford the basic staples looking to save money. >> essentials, next hour "mornings with maria" begins right now. . . >> good monday morning. thanks very much for joining us they morning, i am maria bartiromo. it is monday, september 26, top stories right now 8:00 a.m. own the button on the east coast, stocks are selling off again this morning, as we approach the end of the third quarter, amid dire economic predictions for fourth quarter and the new year, just 43 days away from midterm elections, futures a triple-digit decline dow industrials down 150 the s&p down 22, noose lower by 57 as we look to this deadline to fund the government or a government shutdown as well as big week of housing inflation data, ahead of friday's end to the third quarter lawmakers likely pass a funding bill to avoid a shutdown this week yesterday as i spoke with utah senator mike lee on the up to a. >> a clean continuing resolution of tick us into next congress thus allow republicans to set the agenda, republicans to reclaim border

k. energy costs are soaring across europe, raising the prices of everyday items and staples gooding bread that's making life hard for businesses which know they can't fully pass along their own cost to consumers. more are now warning that they're approaching insolvency. this bakery has been in the same family for 3 generations, selling bread, 2 tubing and locals for 9 decades. andrea snacks, father had the business survived despite competition from the big, clear cree chains. now sh, next future is uncertain. exploding energy costs prices for ingredients like butter and eggs, up to 100 percent. it's become unsustainable. before viola in the store, we actually slide into bankruptcy. we'd rather call it quits while we can actually control how it ends so long. awesome, so you think ok, so i've driven the whole thing to the wall. my grandpa got it done on my father to watch. and then i closed up shop for the all, turned the key and delighted sword reaches home. there isn't much reliable data on how many german businesses are on the brink of bankruptcy. but alarm bells ringing. in august, the

in the magnet find a golden staple and get the whole world on the ground.t she found the apartment of her dreams, she completed all the documents necessary for the purchase. and now she has become the owner of an apartment in a nine-story building near the park, because the apartment is now being bought on m2.ru. i'm sorry, but you pay for processing. it's easier to find out on avito after all, we collect real reviews about employers, absolutely everything for your beauty in mobile application. the first order using the promotional code is absolutely all the best offers for 199 diamolli detergent for 149 and a children's backpack moriki doriki for 999 rubles. we will play a super prize from 100 million rubles. from the national lottery care from pyaterochka discounts for you altera 1190 oil is a great way to teach your child financial literacy, a free tinkoff junio card. get a tinkoff junior card and we will help your child with the first financial matters. tinkoff, he is the only one, our time is coming. we reach the goal the shortest way. we need more tha

those are going to be sectors such as health care and consumer staples. does a really great job actually invests 13% of their revenues in research and development that really performs or starts to perform a strong pharmaceutical pipeline such as drugs like humera for arthritis and skin disorders we really like abbvie. another company would be general mills. everyone is familiar with the cheerios >> absolutely, degas >> betty crocker >> we have to leave the conversation there we appreciate the time thank you for being on this morning. that does it for us on "worldwide exchange. futures off lows of the morning. dow looking like it opens 180 points lower "squawk box" takes it from here. >>> good morning stocks reversing course from yesterday's relief rally we were down six straight days relief rally gained some of it back down 200 on the dow. we will show you what is moving. >>> porsche making the public debut in germany and surging that's a nice one in what has been a slow year for ipos so far. >>> and hurricane ian downgraded to a tropical storm. we will b

defensive with regard how they position are we looking at the industries that fare better consumer staples or utilities? >> that would be one part of the portfolio and it has been consistent this year staples, materials, consumer durables they stay on track they have steady bounce as we say. there's companies that are not effected by the swings of inflation or cyclical outlook. i think, dom, there is some level of offense, too as we speak. it is actually energy. it has had some down draft recently it continues to be significant energy demand. i think people under estimate that and delivering enormous cash flow. secondly, higher rates support financials take that and you play offense with that defense against the economic slowdown back drop. >> in this scenario you are talking about, there is a lot of positioning with regard to protecting the down side are you noticing anything with regard to how investors are positioned in the marketplace right now that suggest that maybe folks are a little less pessimistic where things are headed >> general idea, dom, is the wall of worry. there is data o

local staples like duck eggs and cooking oil have shot up, leaving parents with tough choices to feed their families. go and get my kids a growing. what i so we have to find enough food for them to eat, because they're at that growing age and need to study. so we parents sometimes have to reduce our own portion that will time parents are putting their kids 1st to show them a better future at a time of so much uncertainty and cambodia and with the next empty ball never far away. and you can get more on any of our stories today on our website, d, w dot com slash asia. otherwise we'll be back tomorrow. same time, same place you been with . sometimes books are more exciting than real life raring to read. oh, what if there's no escape? do w literature list laundry, german ma street. no miles has no limits. i love as for every body, love is life. i love matter and that's my new podcast. i'm evelyn sharma and i really think we need to talk about all the topics that north divide and deny that this. i have invited many deer and well known guests. and i would like to invite you to an in ah, a n

we only owned utilities, staples and a little bit of energy, we have no tax, no small-cap, no high data. we think those will be the names we will #in the first half of next year. that in my opinion will be a buying opportunity of a lifetime, and so bearish to be extremely bullish once we get to that time period. stuart: finally, eddie ghabour has seen the light of day and is beginning to agree with me that buying a 1-year treasury and holding it to maturity and getting 4% interest with a tax break is not a bad idea. you are coming around to my point of view. >> the thing with treasury, we will go longer on the curb because we will plan the fact that next year, because we will be in a bad recession, the long-term rates will go down and there's an opportunity to earn double-digit returns of appreciation on a boring long-term treasury so we are not playing it only for the yield but for the upside potential that we think is going to be there and i set up to diversify a portfolio. we haven't seen upside like that in a long time. stuart: the market bottoms in the first half of next year, noth

expose this borrowed behaviour. implore the bbc to do more to expose this abhorant behaviour. 0ne staplegust is exam results day, whether it's gcses or a—levels. typically, tv reports on the subject start something like this: i've done it! she's done it! the tense wait over, so relieved. mum is going to be so proud of me and i've got to tell her. and notjust for the students. i needed three bs and i got three bs. distinction. 0h. fantastic. this is the passport to their adult lives. i got eight, b, b, and so... i'm relieved. jamie thornton was watching that and had this question. do we need to see ten minutes of girlie grasping minutes of girlie gasping to tell us today, as every year, people have been missing their people have been receieving their a—level results? this is not news. it is a regular event which is probably boring in the extreme to most people. how many times do we need to see people opening their envelopes, the tears, the hysteria? and mike agreed. hold the front page. students get their exam results. should this really be top story on the news with war in europe, war th