tonight we'll dive into the action see if there's a chance to profit, including staples plus, a tectonic week for the tech titans. tes tesla, a bit of a revival. theother, low battery. the options play ahead here with us tonight, carter worth, mike khouw and brian cutland. quick thoughts on the week it has been a crazy week carter >> one way to decide whether a day or week is bullish or bearish, you look at the high, low, and close low high, lower low, lower close, bearish week. >> that was simple ryan sutland, what was your take >> i think when you look at the market there was whip saw action and somewhat to the bearish side, but really it's been all about the ten-year treasuries and where that's going because by my calculation, every 1% tick up in the ten-year is 7% to 10% downin the market when it ticked up the other day, the market got real scared we saw s&p trade down 3,500. then the ten-ier reversed itself and the market found ways the rally, and now we're back again at the 4% level. 4% super critical on the ten-year that's going to govern the market going forward, because if you l

tonight we'll dive into the action and see if there's still a chance to profit betting on staples. >>> plus a tectonic week for the two tech titans, netflix and tesla with a bit of revival, the other seems to be on low battery. the strategy and the options play straight ahead. here with us carter worth, mike khouw and our special guest mike sutland. we will begin with quick thoughts on the week it has been a crazy week, carter. >> one way to decide whether any day or week or any period is bullish or bearish, you look at the high, low, and close lower high, lower close, bearish week that was simple. >> brian, what was your take >> i think when you look at the market, yeah, there was some whipsaw action as we close out the week i think really it's been all about the ten-year treasury right now and where that's going. basically every 1% tickup in the ten-year note, that's worth about 7 or 10% downside in the market so when the ten-year sort of ticked above 4% the other day, the market got real scared we saw s&p trade down to 3,500 then all of a sudden the ten-year reversed itself and the

tonight we'll dive into the action of the energy patch and see if there's chance to profit betting on staples netflix and tesla. the strategy and options play straight ahead here with us tonight carter worth, mike khouw, and our special guest. quick thoughts on the week because it has been a crazy wek. carter >> one way to decide any period or day look at the high and the close. the lower low, the lower close, bearish week >> all right, that was simple. what was your take >> i think when you look at the market, yeah, there were some whips action and somewhat bearish as we closeout the wick week i think it's really been all about the ten-year treasuries right now and where that's going. basically by my calculation about every 1%, so when the ten-year sort of ticked above the market got real scared we saw s&p trade down and all of a sudden the ten year reversed itself and the market found ways to rally 4% critical on it ten-year, i think and that's going to govern because if you look back that's about a high 2010. so if we break through there, it could get scary. it'd be scary for the market >>

today the focus on consumer staples, flat after falling to a 52-week low. it's out performing the broader market names like archer daniels and hershey, lead the etf even higher here with his 4th quarter playbook is nick modi, the managing director at rbc capital marks. it's good to see you let's talk a little bit about consumer staples on a day like today, you have seen the broader market plummet it probably seems like a safe haven bet for a lot of investors. >> let's not forget that consumer staples are trading at all time highs relative to the s&p 500 in terms of valuation. so these stocks are very very expensive. but there's no question that when the market becomes risk averse, this sector tends to benefit, which is why you're seeing it outperform on a relative basis. >> what's the difference between a consumer staple and consumer discretionary stuff. i'm sometimes perplexed by it. i see hershey on the list, coke on the list, pepsi on the list, those seem to me to be sort of discretionary purposes some of the time, as opposed to staples. where do you dra

i think he's passed 5 bucks and considers it a staple. what is your take? >> that's right. so, grasso was -- didn't like it and, look, i think it is a fantastic chart pattern. that's what makes a market starbucks has all the hallmarks of a bearish to bullish reversal what we know is that it bottomed before the s&p, and to some, of course, it is the unbelievable staple it is a drug you have to have it and some people think it is a discretionary, it gets to be five bucks, i'll get my coffee elsewhere. as patterns go, that's the definition of something that has made a turn, that is reversing. >> mike, thoughts? we got a bull and a bear here. >> yeah. in the middle of the day, in california, which is where i am, you have to get up pretty early in the morning so around noon, 1:00 in the afternoon, i'm getting a little laggard and what happens is i will run to the nearby starbucks. i haven't thought of any other place to go frankly to get my coffee the valuation troubles me a little bit and i understand the pressures in china, so i'm a little bit torn here i have no position in t

earnings growth within tech, tech is now the lowest growth of any sector that used to be consumer staples. with respect to utilities, utilities are the most expensive asset in the world if you think about the infrastructure needed for utilities, digging hole or putting cables on the ground, that's expensive, and i think there's been this massive push they've spiked remember these are hedge fund darlings back in '17, '18 and we would we would be short utilities with respect to the next three or five years, but i really believe on the tech side investors are going to pay for stability. scott, we said this six months ago on overtime that we think the high multiple tech of kathy wood's stocks are dead for five years -- >> we're simply talking large cap tech stocks. forget those other ones. what if you're in an environment of rates topping, okay, dollar peaking, and growth stocks bottoming. and when i say growth stocks bottoming maybe some of those could include the kathy wood names, but more so the ones we're discussing here are reporting earnings this week >> it's a great question, and inves

>> that's right. >> syco. >> syy consumer staples are interesting.er where you saw 20% topline growth so what that's telling us is the consumer actually can deal with this so i think you also see commodity prices like wheat and soy coming down 10, 20, 30%. it's most likely that the staples will be able to keep the pricing increases as their costs come down. i think they trade at these huge multiples, they deserve to, but it makes sense i think also as we think ahead for s&p 500 earnings and what might support them, this might support them, even though we haven't talked about them a lot. >> should we talk about them more, courtney >> i like the fact that you'll look at these here and they have really had that pricing power. that's what you want in this environment is companies with pricing power. when you look at pepsi, a lot of their revenue beat, they increased price by 17%, 1% down in volume. people are still spending. my only hesitation here is that's exactly what the fed is trying to mitigate against, people are willing to pay these prices and it

. >> for others, it's a staple.ow that is balancing out when the company reports results next week. in the meantime, a strategy. >>> finally, be like buffett. stock is up for the month. if the equity is too rich for your blood, an option strategy to parallel its place. it's time to risk less to make more. options actions starts right now. >> welcome. before we hit the trades, let's talk about the market action. stocks are higher to close out the fourth week of gains. the dow jumping 800 points on pace for the best month since 1976. s&p jumping about 2 1/2 percent. nasdaq climbing nearly 3%. carter, what do you make of the rally, especially in the face of some brutal earnings action in big tech. >> one of the things about having a particularly good market which we did, it follows a bad market, the name of the game. when i have conversations, one of the things that comes up is this. we are in the homestretch. we know there is seasonality on our side, year end rally potential and nothing to hit us now. emption are out

, the traditional staple as defensive plays. the companies that make the stuff that you either have to buy or sell the stuff that you have to buy. but, you know, names like coke and pepsi and walmart still have stratospheric p.e.s. all those p.e.s are the in mid 20s. let's take a look at a defensive name you can buy for a discount. that's verizon verizon is a good business, low p.e. of 7.5, good cash flow of $10 billion for the trailing 12 months, and listen, this is essentially a utility. some would say it's a ubiquitous utility, everybody has to have it with a pe of about 7.5 and a yield of 6.5%, and really good fundamentals, we can take advantage by selling the november 36 strike put in verizon. when i put this together we sell it for 95 cents, and we're going to take that and buy a call. so we also get upside exposure and we're going put on a risk reverse. we're paying a net of a nickel it would go "x" dividend on october 6th. we'll see the stock balled in. we're putting on a risk reversal, selling a put, using that to buy a

you were talking about consumer staples.hey're now outperforming utilities on a year-to-date basis. they were a great performer until just several weeks ago and they've fallen apart it shows you the no place to hide element of this market. that's generally eventually a positive thing when people feel like there's no easy fix to evade the pain now, the volatility index under 34 34 to 36 has been where it has peaked out several times this year along the way and when it does finally have that fever break, it's usually when the equity market's getting its footing under it >> mike, thank you very much as we go into the close, we're down now a third of 1% on the s&p 500. looked like we were going to get a positive close then it turned. just in the final few minutes here of trading. what's weighing us down? utilities were weak all day. down 3.3%. industrials, healthcare, technology and now financials all in the red categories. so six down days in a row. nasdaq could not hold its gains. pretty much unchanged, but looks like we're go

we'll get earnings pfizer, amd, there is some consumer staples like hershey. >> i tell you what, if you look at staples as an allocation over the last six to eight weeks, went through a very difficult period after a significant outperformance period for all the reasons they should. returning cash, they have predictable cash flows, many food stocks in a world of inflation actually have a better top line so far they have been able to pass that along. we got great numbers out of that we have gotten great numbers out of the energy sector look at both internationally, royal dutch or over in europe, exxon today, the dynamics in terms of free cash flow, what they're doing to pay down balance sheet, what they're doing to buyback shares and what they're doing to pay out ratios that in many cases are north of 60%, these are the types of stocks that are working as we go into next week's earnings. this is the kind of environment where we have -- first of all, 3q outperformed. no question this has been better than expected. >> nontech. >> but, again, if you look at some of the tech sector where a pi

. >> so which other consumer staples still have pricing power. let's bring in chris kerry talk to me a bit about the pepsi report today it sounds like they're just doing fine, they're selling well, and they do have pricing power. people are willing to spend a few extra pennies on doritos, chips and drinks pepsi results will probably stand out, organic sales are very robust. volume is down just 1%, and earnings up 10%. you know,despite a commodity environment which cut their operating profit by roughly 40% before pricing actions it's a significant commodity hit, yet it's still growing. so it's certainly impressive >> who else has what pepsi has >> part of that is because everybody is pricing when everybody is pricing, there is a lack of alternatives, and we're seeing that, but certainly relative to the inflation that pepsi has been seeing, the pricing relative to how much value, seeing it's fairly minute pal, very impressive, part of the scale of the business, part of the dominance of the categories we're seeing high-level, and a bit less so outsi

as you get into the consumer staples company, kimberly clark. we also saw some relief in that cpi number towards some of that goods inflation. and again, kimberly clark's a company that's got north of 60% payout ratio, pays a nice dividend yield trades more or less in line with the market is down substantially over the last six months. these consumer staples trades at one time were big outperformers, very expensive i don't think that's the case right now, and i think you'll see rotation back there. >> 20 times for kimberly clark, so it is at a premium. that's the issue with a lot of these consumer staples companies. people are paying up, and they're suffering from price increases and doing it gladly for their huggies and kleenex and all of that. >> what else are you going to ewe? >> we do use huggies, but that's -- relative to itself, is it expensive 20 times -- a premium to the market seems like a lot. >> i don't -- not during this period and again, we're still in a deceleration mode, and i think we're at a place where actually these types of c

what's it, consumer staples? susan: yeah.ts furrowing his brow like he does now. what does consumer staples mean? it's a countertrade that goldman sachs is offering. crarts hines is worth about $43. they're downgrading proctor and gamble, so you buy kraft hinds, you sell procter & gamble. all that's been priced in, and goldman says these currency headwinds will help kraft and food, hurt consumer goods and procter & gamble. stuart: kraft hinds is up. john kerry will be pleased. [laughter] susan: well, ketchup also ini elastic demand, as you know. stuart: let's move on to netflix. i know something about netflix. i do have it, and it's up $3. what's the story? susan: jpmorgan today is calling netflix one of the probably best performers next year if you have that ad-supported tier which they say will drive $670 million advertising sales next year alone and 7.5 million new sub subscribers. also amc, i would say it's probably more of a valuation call since amc's down 70% this year, so it might look cheap to some. they are going to

. >> the blue angels are always a staple of san francisco. you can can teach your kids. you can be in the sky sunday. > >> an east bay middle school tradition as hundreds of students jump and jive in a swing dance competition. > >> this is cbs news bay area wih news bay area with juliette goodrich. > >> five years since the north bay fire that killed 40 people, destroying 6200 homes across na, sonoma, and mendocino county. is like this. the tubs fire, drivey fierce winds near 70 miles per . 70 miles per hour. >> sheriff's office! >> sheriff's office! >> frightening images. body camera video showing us what fit responders were up against as they raced from door to door, desperately trying to evacuate e trying to evacuate people. our wilson walker was there. he wasg this in the first hours after the flames broke out. >> this is what driving around s like right now. to be told, i think everyone appear has sorta been making it up as they go along, sort of trying to figure out where it's safe, where it'st safe. >> in the five years since, it has been a challenging recovery. w

in for a while is it energy is it those tech stocks we've talked about are there places in other staples companies even though they may be in some cases more expensive on an earning basis given that people have been pouring into them for the last several months >> we hold it obviously underweight relative to other things we hold and people holding energy have been waiting all of 2022, 2021, and have actually had great gains from that. i think going forward you can kind of tier it out. you mentioned staples, health care, those are great areas for investors to be in you saw what tesla dropped on delivery those are opportunities. they believe in those assets long term to buy but it's kind of tiered out. you would take -- investors would look at it and growth and text companies as well as sticking with their staples, sticking with consumer staples, we realize the fed is going to be on pace for the next couple of quarters as well as the general economy is going to be pulling back the next couple of quarters those are areas for investors to be in. >> della know saporu, we appreciate it. >>> li

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we'll kick the tires on some of those trades and two staple stocks move today. what analysts say is daunting about the group. more on that ahead don't go anywhere. "fast money" is back in two. this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. you'll always remember buying your first car. and buying your starter home. or whatever this is. but the things that last a lifetime like happiness, love and confidence... you can't buy those. but you can invest in them. we believe that your investments should work harder for the future you imagine. and that's where our strategic investing approach can help. t. rowe price. invest with confidence. i'm so glad we did this. i'm so glad we did this. i'm so glad we did this. life is for living

. >> during one of tammy's sales calls she met columbia businessman ben staples.became close friends. >> could tammy sell anything? >> she could sell anything. it is just our personality. everyone liked her. >> and tammy had something else that set her apart. talent. >> i can't remember the first time i heard her sing, but i was amazed. amazed at how great she was. >> tammy sang with a local band, jumpstart. woody woodward was lead guitarist in one of her biggest fans. >> voices like that are just gifts. somebody gives you that from above. >> friends thought she could take her talent big-time. but tammy seemed happy to remain in columbia. one of her gigs was at her friend ben staples annual barbecue. is this time tammy's stage? >> well yes, she enjoyed this. tammy was an entertainer. she didn't just stand up there and sing. >> along the way, in 1996, tammy met and married a local boy, brett parker. a medical supply salesman. he had been a star athlete in high school. his aunt sandra hunter says he was always throwing some kind of ball. >> playing football and soft

is ever higher price for his latte i think it's $5 and considers a staple. what's your take >> that's right. look, i think it's a fantastic chart. that's what makes a market starbucks has all the hallmarks of a bearish to bullish reversal what we know to some it's an unbelievable staple. it's a drug. you have to have it. and some people think it's discretionary, i'm going to get the coffee elsewhere as patterns go, that is the definition of something that's made a turn and reversing. >> mike, we've got a bull and a barrier. >> in the middle of the day in california where i am you have to get up pretty early around noon, 1:00 in the afternoon i'm getting a little laggard and what usually happens is i will run to a nearby starbucks. i haven't thought of any other place to go to get my coffee i understand the pressures of china so i'm a little bit torn here i have no position on the stock but i haven't stopped buying the product. i buy quite a lot of it, actually so as far as i'm concerned i think it is a little bit of a stamal >>> still to come, winning like w

that's your allocation i know it's not complicated that you have a dynamic where things related to staples and consumer spending that are not going to be attached to that next purchase i don't know if we have this chart up there, but apple relative to the s&p, apple's the ultimate discretionary purchase. apple, which is 10 ps of the low it hit in june lows -- this was the week the market decidedly pushed through the june lows apple is the name we're waiting on. >> to drop. >> and i think it will be good news for semis i talked about taiwan semi that will be the clearing event on some level for a lot of people. >> let's turn to the chart master carter worth. he's taking a look at the s&p. i believe carter, i'm going to guess that you're negative, see more selling ahead. >> at the end of the day, before we look at the charts. there's still so much interest in the market, in buying stocks. that reversal yesterday, someone did that it's usually not over till no one wants to try anymore, wants to play. i quit, i want to go home. we still have a great interest out there and say, hey, let me catc

consumer staples and energy, the lead best, but each up more than 1% apiece. coming up on the show, market expert david rosenberg weighs in on the sharp monday rally. just a bear market bounce, i suspect he says that right to the market rally. commentator mike santoli pretty broad although i note treasuries aren't moving a lot. >> no. did get a backup in yields to start the morning. it did relax the equity market a bit. ten-year back to 4% level. could present a little test here broaden it out a little. look at s&p 500. basically today adding back what was lost on friday brings the s&p back to that level of close on thursday after that very dramatic kind of 5 percentage point low to high swing thursday doesn't get you too far off the year-to-date loes. can try to make the case the market hasn't really made a lot of net down side last four months this is june 16th. not sure how far that gets you could start to be defined lower end of the trading range if lucky. buying light today even though breadth is strong skewed to the up side. all that stuff into the mix n

. >> price matters and staples is a sector that relatively inexpensive defensive. and we sold p&g for that reason based on valuation, slowing top line growth and free cash flow generation most of its sales are in international markets, and we expect the stronger u.s. dollar and rising shipping costs to weigh on profitability you know, and also certain consumers are likely shifting their habits to lower priced items. the other thing that, you know, we talked about last night when we sold, scott, was meta and that was on the same day that we did all this at about 135 deteriorating free cash flow and no willingness by management to prioritize spend. it's really a show me the money story, and all their cash, it was $10 billion kind of year ago and now it's gone. >> i got you let me get you in a second, weiss. i want to update the market because we're pushing a 700-point gain for the dow we're right on the cusp of that, good for about 692 it's the highs of the session better than 2% on what is a build on the best month for the dow since january 1987 it's been, what, alm

energy, health care, materials, staples.aid after the microsoft and alphabet reactions the market would not fall part nasdaq's down 1 3/4% but hasn't fallen apart might be surprised yields lower, dollar's weaker. just talked about the swinging sentiment in terms of the midterms in favor of the gop and add it all up, a nice rally? >> right the makings of what has gotten us this little bounce mostly remain in place. mainly nobody had come into this month leaning heavily in the direction of the news is going to be great, and, therefore, i own a ton of risk right now. that's been somewhat of a backstop to the market we've gotten up 10% 11% from lows even alphabet and microsoft. yes, deceasisticly negative reaction it's but only took the stocks back to where they were several days ago in other words, not an uncontained, sell everything, because we thought things would be good and they're bad. see if this carries us, if at all. the s&p 500, hit the 50-day average. technically maybe why we did lose altitude from the morning highs.

industrials, financials, energy, utility, staples, and real estate all those are green.ter the break, we'll talk about the stock disaster of the day. we'll bring you the buzz on why credit suisse is taking a leg lower. check out the tickers on cnbc.com meta unseats the ten-year note yield. because it's that big of a disaster down 25% the ten-year there's buying today with yields slipping below 4%. apple, down 3% in sympathy with these big tech names tesla remains solid. up about .4% we'll be right back. ♪♪ age before beauty? why not both? visibly diminish wrinkled skin in just two days. new crepe corrector lotion only from gold bond. champion your skin. another busy day? of course - you're a onl cio in 2022.ond. but you're ready. because you've got the next generation in global secure networking from comcast business. with fully integrated security solutions all in one place. so you're covered. on-premise and in the cloud. you can run things the way you want - your team, ours or a mix of both. with the nation's largest ip converged network. from the most innovative compa

it's secr staples secretaries off by 12% vice names that can typically hold their own but with a spottyin 10 of the past 20 quarters will the current slowdown mean another miss frank holland has the story. hey, frank >> hey there, tyler, the question when we look at constellation brands is guidance most companies revenues, i'm not saying it doesn't matter here, but it's really about guidance, especially when it comes to beer business which is 80% of overall. there were thoughts with constellation brands it might raise the guidance, but they just didn't. there were deals with company's founders, i don't want to get in the weeds with that, but -- and this is a good but -- a rare good but in this economy constellation brands has actually had a boom over the last three months. the sales of their products have outstripped the rest of the beer industries especially when it comes to products like modell la and corona, both of them exceeding it in beer in a recessionary environment coming up on the call, important to note, comments about recession from the ceo, bill nuland on the last call, he

consumer staples ticker y 2k out forming by 50% separate si is the second hold r longest holding.to successfully raise price to offset inflation, raising guidance for the full year where they see organic guys, up 12, prior was 10. 17% price hike is a big deal in this kind of market. definitely paying for what they're having to pay for. >> yeah. consumers are still going and buying for now we know snacking continues to be resilient as well. >>> after the break, mortgage rates, though, are hitting the highest levels we've seen in ree. a decad mo on what that means for home buyers next. "squawk on the street" will return in just a moment. h again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how long are you... i'm done. i'm okay. - oh, the stock market is doing that fun thing again. news from the future: you're going to live throu

more recently utilities have gotten smashed, staples are getting hit.e on the equity side that you be buying right here? >> if the fed does miraculously hand a soft landing, which is getting inflation down to 2% without producing a recession, which, you know, looks kind of possible right now, i tend to think that it's wishful thinking and wishful thinking and hope are not an investment strategy. i prefer to tell my clients, let's just hedge ourselves in case the worst case scenario happens. we get a recession, equities drop another 10% so if we think that's a possibility which the probability is increasing so you want to be on the defensive sectors. they aren't the fun ones, it's not tech consumer discretionary but it is energy, healthcare, utilities, and staples i've been saying this for sometime being winners and i think there's more upside there going into 2023. charles: i'm sorry, scott, you've got some specific ideas. i took some notes and i know that you like amd today on weakness, about 47 firms downgraded it today. i had a position at the open,

staples up 1.3%, taking a closer look at this in a minute. at earnings growth, the third quarter being reported, analysts looking at 2.5% which is down from where we are but we are not looking at earnings recession bring look at the estimates going out. the same deal for the first quarter and then the fourth quarter next year, 8%. analysts are not seeing any kinds of earnings recession which is seeming to contradict a lot of volatile action we are seeing. and contradict some of the commentary on the likes of jamie dimon, the imf. it will be interesting to see what it is. take a look at this relative to what's reported. you can see values for the most part are down 1.5%. pricing is up double-digit's. really very solid prayed up 16% overall. and they are, the stock is up 4.4%. a big reason why consumer staples are higher bringing this along with it. guy: thank you, abigail. abigail doolittle on what the markets are looking like going into the cpi numbers tomorrow. let's talk about today. the bank of england -- speaking. we will have fed minutes

that reporter's staple, the vox pop.n what random strangers think? demonstrating impartiality on air, as we discussed on last week's programme, is one of the key goals and challenges for bbc news. it wasn't long before the fraught nature of that ambition was exposed again with the addition of the paper review on the news channel on sunday night, shortly before it was broadcast on a day of high political drama, it emerged that borisjohnson had withdrawn from the race to lead the conservative party. this is how the programme started. well, this is all very exciting, isn't it? hello and welcome to our look ahead to what the papers will be bringing us tomorrow. am i allowed to be this gleeful? well, iam. it's all a bit, you know, lastminute.com, isn't it? because all of the front pages were probably out of date by the time we received them. they're still warm off my printer. later in the programme, some updated newspaper front pages had arrived, with one reporting mrjohnson�*s suggestion that he would be well placed to deliv

and jamie, for the very 1st time, lest up an odd looking vegetable that the staple in both cush, mary and jim, and cooking the cool gobby. it's name comes from the woods for cabbage and turn it, but actually belongs to the cabbage family. so how do we call gobby? and germany got a side dish with potatoes to steamed with sauce or raw as in a casserole in salad. if i definitely think it's tasty. oh, the 1st time i did this to a window in germany. i thought it bergen in the kitchen fence, the or tilt window is stunned to tear and gemini, turn the handle like this. and it opens completely, but turn the handle all away and the window or door will tilt in with this practical double hinged window style seems to have originated here in germany. and it's now spread. and many other countries, tourist and london often get excited about trip red, double decker bus. but for me, it's all about the double decker trade. ah, in fact, these kind of double decker trains can be found in many countries all over the world. but i set my eyes on one in germany and the novelty still hasn't worn off something

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when it comes to consumer staples in the most recent chart.he top sector for the day as well. what does that tell you about the strength of the u.s. consumer and households as we had some pretty optimistic signs from the bank and lending numbers out of the big banks as well? shana: i do not think the consumer is as strong as people think. look under the consumer data and you are seeing an increase in the amount of debt through credit card usage that consumers are starting to accumulate. that is concerning because the rate on that debt is much higher than it has been in the past. i worry about the ability for consumers to handle that debt. the banks are doing well because they are getting better margins and that would be expected. they have been very careful with the credit that they have been giving out. much more careful in the credit risk that they have. those are two things to consider. consumers are spending more money on things that are less frivolous. you see them spending more on food, health care, i am not actually as bullish on the u.

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that reporter's staple, the vox pop.o we really need to be told so often what random strangers think? demonstrating impartiality on air, as we discussed on last week's programme, is one of the key goals and challenges for bbc news. it wasn't long before the fraught nature of that ambition was exposed again, with the addition of the paper review on the news channel on sunday night, shortly before it was broadcast on a day of high political drama, it emerged that borisjohnson had withdrawn from the race to lead the conservative party. this is how the programme started. well, this is all very exciting, isn't it? hello and welcome to our look ahead to what the papers will be bringing us tomorrow. am i allowed to be this gleeful? well, iam. it's all a bit, you know, lastminute.com, isn't it? because all of the front pages were probably out of date by the time we received them. they're still warm off my printer. later in the programme, some updated newspaper front pages had arrived, with one reporting mr johnson's suggestion t

these are core staple pieces in the portfolio.hem for the long term i'm paying attention to how the market reacts to earnings and see if there is an opportunity for a dip to buy i expect revenues to be down especially with regards to mortgages. by the way, the 30-year fixed mortgage rate is 6%, dom i expect that to hit the revenues of some of the banks. if there was a single stock that i like right now, i sent you notes about how i think now is a compelling time to buy growth. salesforce is one for me that is a tech staple. we like to invest along teams. i think about salesforce and they dominate the salesforce automation space customer 360 platform is a competitive advantage going forward. for all of the talk that we and the attention that salesforce gets, they have 30% of the market share this market is expected to double in growth each year going forward. they have lots of runway. >> thanks, tiffany mcghee. thank you very much. that does it for us here on "worldwide ehae.xcng breaking news and "squawk box" picks up the coverage

a neighborhood staple marks 101 years since they open their doors. they share the secret to business longevity. >> we are dry for halloween tomorrow but as we start the month of november on tuesday, we have rain in the forecast. a live look. fog rolling in this evening. we will take a ama: in the east bay, a hardware store is celebrating an expansion and their 101st birthday in business. laurel ace hardware commemorating over a century on macarthur boulevard and a new retail space. the celebration includes giving back to the community with great deals and cupcakes. >> we believe the secret to being around for 101 years is great customer service. there's a lot of places you can buy a hammer and nails, but you also will keep on coming back if they are able to help you find the exact ones that you need for your project. >> all about that. the hardware store held live demonstrations and fundraisers for women's cancer research and the children's hospital. very cool. >> you are doing something right if you are there for 100 years. >> you are doing somethin

and rice himself was shot shortly before the crime, leaving his stomach stapled and his pelvis fracturedpain i saw him with and the inability to stand and get on to and off the table in my office on the 20th of september makes me very dubious as to whether he could walk, standing up straight, let alone run with any degree of speed five days after i saw him. that pediatrician was dr. theodore tapper, jake tapper's dad. and jake joins us now. jake, your father's statement seems so compelling. that alone. why didn't that have more of an impact? >> to be frank, because c.j. rice had a court-appointed attorney, a woman named sanjay weaver, who passed away a few years ago and she was incompetent. she did not provide c.j. with adequate counsel, she did not meet with my dad before the -- before he testified in court, and she did not seek his medical records, c.j.'s medical records. she did not have the records from the hospital, which would have shown he had a fractured pelvis at the time, not just more than 30 staples. and so because she was so poorly prepared, didn't even visit the crime scene

just think about all of the staples in our life that we still can't get at stores.hain problems which are not getting better, i believe they're getting worse and then you have a hurricane that hits florida, stuart, and what does kamala harris say? she says she wants to give out, you know, emergency aid based on the racial composition of the communities. i think joe biden is beginning to realize that his vice president is giving him a lot of trouble. stuart: we got two, i think, huge negatives for the president today. number one, opec cutting oil production, thereby raising prices and gas prices here, and number two, that that was not a good explanation of handing out aid during hurricanes, based on race. those are two big negatives for this president. >> yeah, that's right. look, he bragged that he got gas prices to come down. gas prices tend to come down as the summer goes on and they tend to spike as we switch over into winter, and the problem for biden is that if he wants to take credit for when it goes down he's going to get all the blame for when it goes up. pr

they are selling 75% staples in terms of their products.ess discretionary relative to spending. i think the economic slowdown in the ultimate impact in the labor market will be a tailwind to the relative performance. >> the office looks better but what happened to his tie? >> it looks like he decided to completely blow it off. >> you have got a mess going on. >> i can't get it right. >> what happened to the plant? i guess you put it back in the lobby. you were red-handed.>> i told you it wasn't mine. i had to get it back. >> anyway, enough about jeff. coming up earnings around the corner. what can investors expect from the big bank? general mills has a hot take on that. we have more on that, next. ♪♪ be ready for any market with a liquid etf. get in and out with dia. ♪ icy hot pro. ♪ ice works fast... to freeze your pain and your doubt. ♪ heat makes it last. so you'll never sit this one out. icy hot pro with 2 max-strength pain relievers. ♪ ♪ i was having relationship issues with my old bank. it was just take, take, take. so i moved to sofi

both shops have all the staples would expect of a toy store plus hands-on demonstrations for those who interactive toys. >>> san jose sharks opening weekend party continues. they had food, music and a slap shot booth and a teal carpet for current and former players to walk down. it was part of a free pregame event outside the arena. the sharks hosted the carolina hurricanes last night to kick off the season. they are playing the chicago blackhawks tonight. before the game the honored former captain and general manager doug wilson in a special ceremony. >>> just a few minutes that we were talking about who won the big lottery drawing. a couple of warriors won the big lottery drawing. >> that's true. >> all eyes are on the warriors and jordan poole. it has nothing to do with the punch because it's a pay day. the commitment the warriors are making to the rising nba star. have heart failure and still experience unresolved symptoms? heart failure and seemingly unrelated symptoms like carpal tunnel syndrome... ...shortness of breath... ...irregular heartbeat... ...and lower back pain could m

. >> the blue angels have always n like a staple of san francisco. > >> you are watching cbs news bay bay area with juliette goodrich. > >> fleet week kicked off on a high note today. there is so muh more coming this weekend. thousands of people packed the san francisco waterfront to glimpse the action, see what it was all about, whether it was in in the air or out at sea. the be angels had their first of three air show this afternoon during their signature daredevil stunts . earlier today, we saw the parade of ships sail under the n gate. our reed cowan without with the spectators and has a closer look at the show through the eyes of a father and son. >> reporter: >> reporter: what a fantastic dy fantastic day. we got a reminder reminder that it is not just about the jets or the ships. it is about the people inside pick a reminder for us all that we cn look up what we look in and know know that we can push past any limitation. lifted six feet plus in the air. 3-year-old justin s having a day with his dad, omar. omari price. you might think they are here to see everything that floats

has chipotle become sort of a staple >> listen, again, it's one thing to be a coke or a pepsi or proctor be able to pass the costs through. when you think about a chipotle, you think about the demographics i go back to the beautiful shrill kwoi bonawyn had in that last block investors told us something. remember when walmart told us they're seeing a new customer? earnings season is amazing to me, somebody who thinks about the here and now, but also about longer term. if you put together a mosaic u this is not a good data point as far as the u.s. consumer two-thirds of our gdp is the u.s. consumer so to me, this is kind of the tip of the iceberg >> alphabet is down by 6.8% now. let's get back to gene what did you hear? >> i heard ruth talk about difficult comps and difficult fx it's going to weigh in her words on december revenue growth you're probably going to see the street lower revenue she also talks about slowing head count to guy's point, they had a 51,000 people last year. that's going to slow down but when you put those two comments together about just fx impact and the difficult

and we tend to think of staples and the defensive plays. the company that you make the stuff that you have to buy or sell the stuff that you have to buy. names like coke and pepsi and walmart, still have pes. all of those are in the mid- 20s. so take a look at a defensive name that we could buy for a discount. verizon. it is a good business. good cash flow of $10 billion for. trailing 12 months. this is essentially a utility. some would say everyone has to have it. with a pe of 7 and a half and yield of 6.9% and good fundamentals, we can take advantage by selling the november 36 strike foot in verizon. and we'll buy a call. and we'll put on a risk reversal. and it will go october 6th. so we will not see he stock fall dead. but we're putting identify a risk reversal and we're using that buy a call and get bullish exposure on the name that i would love to buy given the dividend yield and the really miniscule feed. >> mike, your thoughts on verizon and this trade? >> the dynamics that we're setting up, you notice that the risk that scott has h

a florida blue shows a bleeding for the new charges with domco will upon till sure of staples of marley will work with them. so just to let you crunch many of them a little shortly door to door to when you're here, you're home. be true. fairly shamika with i ship with many of them. the solution to poison. she moves with la la la to, to the, to the chill out as your new to renew because the normal cousin and water because they make a video. c but then you get on my come and get off a court, so whooping i've always russia problems and i'm going to be, you know, kind of coming off couple of origin. ok, so now i want to do that. i stashed him, which this bush, maybe you could never get anything nissan i think because she wasn't able to get that up. i think let's pick up news. yeah. you guys need to and i, mr. me 6 weeks out of the city was captured, ukrainian soldiers, bodies are still being found in several. i've done. it's but it's dangerous to approach them. the corpses could be mind instead of elisha bush that we will record, pardon me, are still boy the station when you've been i see t

everyone has their own staple in the closet. as they say, mom left in the morning, as usual for workn the afternoon, she called her at lunchtime. she was still picking up the phone, and in the evening i was waiting for her, but she never came. i didn’t sleep all night, i called morgues and hospitals, but she was not registered anywhere. worked as why do you say worked? do you think that mom didn't think anything? lyudmila we have a not-too-pleasant request for you, could you please come with us, such as attend the identification of one. can you do it in general? when is that need? right now i need to ask the manager, please. yes, sure. raechka at which time kirill promised to bring a frenchman, i don’t want a frenchman, mr. sea, mr. sea, they used to go to our tutors. and now you see, they have made you masters, lord, you have lived with us all your life on a collective farm. so , what, i'm hypothetical and says, go push the table. but i told you, we had to get together. although you, of course, raechka are right, the situation in children is cooler. cooler lyudmila, we will ask you

only 30% of staples are in an uptrend. only 28% of health care are in an uptrend that's the market that we're in. there are stocks that could have these massive one, two, three-day rallies 20% off the lows in some cases, but they don't stick, and they're few and far between when you broaden out the charts any further, you know, than just the last seven days, ten days there are very few stocks in uppen trends right now, and that is why i think these rallies are all guilty until proven innocent >> fair point. it's hard to argue that ein any way shape or form. let's take a quick break we're going to talk semis, up about 9% in just three days. josh recently jumped into that group as you know. we'll find out how he and the rest of the committee are thinking about that today. we've got some moves from brin and weiss. we're back in two minutes. this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for

finally, let's get to the consumer-focused names we've got big ones, both many staples and discretionaryve got mcdonald's, coca-cola, colgatecolgate-palmo, colgate taking it on the chin, falling 16% while the other two are both down roughly 5% or so roughly this year. on the consumer-facing side of things, gena, the picks? >> so, lido owns both mcdonald's and coca-cola. these are companies, right now, the consumer space is going to get hit, dom you know that we very likely are already in recession, and you're starting to see that already in the earnings expectations build into both mcdonald's and coca-cola, but mcdonald's is a company that has a tremendous profit margin. and profit margins matter when you're still faced with, you know, struggling with inflation. and, it's one of -- it's a very inexpensive, you know, priced item, you know, the lineup is inexpensive, and it defends very well even though we're looking at a downturn, we still see support for mcdonald's stock coca-cola, same story, but, you know, throw in there also, a good dividend, right and so, coca-cola is a company that

don't cheat. staples and all right. just look up to me with a, with a me m a o me. even with that i am said the limestone. i still had a show show additional cause the way things that i will be used by look on your snow watching teacher night the flu shot. but here ha, yeah, i had somebody i didn't do my job with my distant steve, you'll come away. oh, just ye room, sir, were you needing you to go get his dinner? the estimated are going. the most me blushing is doubling me blushing, it was like, oh no, no idea. who do you still in the what are you with with us? does that he bianca? no, i'd like you said because what's on each guy mother will get more balls from daughter while you there. sure. with more demolition. rang in the blushing and look at us. sure. so i will not let you be a little but the valencia with the american chapter program for goodness this year, this year, one of my favorites forgot. i balinsa dog. a formal not nice by william. when you come room we've been, william stood but them let john austin yet. do you keep it out for you? you can push on tha