one of the staples that i own hurt me today. staples are rich in value. i believe it is the right place to be, given the overall environment. staples in and of themselves, that will not provide enough positive contribution of performance. >> staff, is it disappointing? there is a light jobs figure tomorrow morning. does the market go up or down? >> i do not think it goes up. inflation is still too strong. the core pce is much too high at 4.6% year-over-year versus the 2% of what the fed want. i think the fed will not stop tightening. maybe just two more tightening? were at the end of the cycle, for sure. we are just starting to see the impact. the inflation numbers will not come down fast enough. i know we have a cpi number next week. i pay more attention to what the fed is telling us as they watch and that is the core pce. back on to staples versus discretionary within the consumer sector. staples sound like 2% of fear and discretion is up 12%. i could see that reversing. you know i've been over some of the discretionary names. we will talk about the thi

staples up gold up. gld has proven a good place to be this week was one of those points where we mark and say gold got back above $2,000, the first time in a year i mean, if yields are coming down, utilities, you want to be there. if you're more worried about where we are, staples, do you want to be there gold, do you still want to be there? >> yes, you do, because there is a large disinflationary effect that's right now impacting markets. the economic conditions will weaken and back to the federal reserve for one moment, they see what's going on in the economy they realize there's $5.1 trillion sitting in money markets. the offset to that is the entity that is offering that yield is parking their capital at the federal reserve. why? because in a reverve repo you get 4% there's $2 trillion sitting in those reverse repos. there's no lending the consumer is sitting there with a higher interest expense, tightening credit conditions and, oh, guess what, in the last couple of days, now they have to worry abou

names like coca-cola, consumer staples. that's why big tech has big runs this year. will it continue or will there be a rotation? i think the overall theme, we head into a recession the second half of the year, or the fed continues to raise rates and we feel a crunch. i still think big balance sheet and free cash flow wins, and coca-cola is one of the names that falls in that category, continue to play to the upside. >> what do you think, carter >> here is the thing, a couple of things. coke's relative performance to its sector, so to pepsi, clorox, colgate, procter & gamble, it peaked in 2011 it's never quite been the one to be in. and then you see here on the screen, this is a fairly well defined series of lower highs. i think it's full. i just don't see the keys for being long i would take profits if i were long. >> let's get to boeing they have results out wednesday. shares up more than 7% this year, and with the boeing story, mike, it feels like two steps forward, one step back, and this time it's with this fuselage part from spirit that had some issues. >> yeah

the s&p 500 down just about a percent or so when it comes to sectors, consumer staples leading the way along with utilities, defensive play there and energy is pulling up the rear there so the countdown is on just under four hours before we get those first batch of big tech earnings alphabet and microsoft, both out with results after the close what's at stake for the mark as we await these critical results? josh brown, throws so much to talk about whether it's cost cuts, ai, cloud. you pick where do you want to go? >> oh, wow my choice? >> your choice >> actually, i want to talk -- i want to talk about volatility, courtney -- >> okay. >> i want to talk about something we've been talking with our clients about, because i think it highlights how different the market environment is this year versus what we all lived through last year. we're still trading just about where we were last summer on the s&p, but people seem to feel so much better. i think part of that we are looking at perhaps the last rate hike if you think about volatility, this is a night and day environment. in 2022 the nas

chad staples, who took the little guy in after his mother rejected him staples. the role of mom for little baby cowie's, which had developed pneumonia and was desperately sick. his mother was suffering medical complications herself and was unable to care for him. chad has been acting as a surrogate mother and sharing key milestones on his facebook page. look how cute is just now starting to have interactions with other gorillas. so it seems to be working love that rehabilitation there and, finally, to a sloth. photobox slow, was it? it happened during the launch of the european space agency's mission to jupiter. this sloth so cute. they are they're so adorable, made a brief appearance in a video report about the preparations for the launch a front row seat there, too. he was caught peering into the ground level camera space agency has acknowledged the little guy and they've already given him a name. this sloth is now named gerard gerard. nice and slow it. actually it actually fits little gerard to he's cute. ♪ ♪ >> deja: it's the beginning of a new chapter. it's

sergio ermotti is a i well-known stapling banking and well—known stapling banking and definitely withinbs for nine years and engineered that turnaround. he sort of retired and part of this conversation, for a global bank has been around swiss. sergio ermotti is around swiss. sergio ermotti is a swiss and this is important to the nation in turning this around. he is very well known in banking, he went off and worked elsewhere for a while but when things got very serious, they needed somebody who could engineer such a turnaround and he wasn't the man for the job.— turnaround and he wasn't the man for the job. man for the 'ob. what are you heafina man for the job. what are you hearing about _ man for the job. what are you hearing about the _ man for the job. what are you hearing about the thousands i man for the job. what are you | hearing about the thousands of jobs that could be going at this newly formed bank? this is a lot of the _ this newly formed bank? this is a lot of the reasons _ this newly formed bank? this is a lot of the reasons why - this newly formed bank? this is a lot of th

staples is one i would take a look at.automation the fact we will see some increased spending from defense is another reason one should look as into -- at industrials. it's the underdog for the last six months. utilities are a place that investors have not invested in or under invested in. they are resilient, defensive. if the economy does slow down this year or next year as we start to see inflationary pressures on earnings, utilities should do well. there is still about $1 trillion of excess savings that consumers since the pandemic and that is a buffer, utilities, industrials and staples are areas we will look to invest. paul: the ubs senior vice president, thank you for joining us. you can get a roundup of the stories you need to know to get today going. terminal subscribers can go to jb go. -- dayb . this is bloomberg. ♪ go. go air that runs facto go sensors and software. go find leaks. go fix-em. emerson technology detects compressed air leaks to save manufacturers, like colgate, over 20% in energy costs. go brus

>> we think staples are defensive.and that doesn't mean gravitating throughout the conventional sectors we're talking about market exposure with downside protection, leaning into areas that we think took their medicine last year it's that core bond allocation that we're using >> interesting semiconductors, they're pretty cyclical. >> absolutely. we saw them take their medicine in 2022. we think the valuation that investors were getting was offering a buffer. that's an example of where we would be leaning into risk because we think they're getting the appropriate compensation. >> a lot of people would say they took their medicine on higher rates so the multiples got hurt last year, but not necessarily on recession. >> not necessarily on recession. we want to make sure we're not on our heels as the cycle resets you can't underestimate the importance of interest rates easing we really want to be on our front foot and starting to think about ways to position for the next one. >> what if powell doesn't signal he's ready to

is the most defensive sector actually, as times get challenging, consumer staples is a sector which should out perform. it is the cyclical ones like discretionary with struggle. if you look around at the economy today, everything is ro robust a lot of strength out there. we are not expecting to see significant signs of strains, but it is starting to see a little hint of weakness starting to come through. that is what we are expecting. >> what about allocation where do bonds come into play and where do equities? we saw stats last week with money coming out of money market funds. there was thought that was to pay off tax bills. that trend do you see that continuing investors taking money out of safe instruments and putting in riskier assets which at this point are equities >> we are not expecting that to be a continuation of that trend. as i said, today things look okay as we think about the coming quarters, we he see it being more and more difficult. we see the amount of fed tightening to date and that means you will see the negative impact on the economy and then on the stocks. from

joe: let's talk about another iconic san francisco staple. that's, of course, sourdough bread. it was first created by gold miners around 1850. but could climate change actually have an impact on our famous bread? let's hear what some experts have to say. joe: venture down to san francisco's fisherman's wharf, you'll find local specialties: dungeness crab, clam chowder, and of course the famed staple sourdough bread. dan giraudo: sourdough originated in san francisco during the gold rush, and it's been part of the fabric of san francisco since its beginning. joe: since 1849, san francisco's boudin bakery has been turning out the delicacy. dan: i would say about 100,000 pounds a week. this is the mother dough that dates back to 1849, which goes into every loaf of bread we make. joe: dan giraudo's grandfather bought the bakery in the '40s. he's the third generation to run it. dan: it's extremely, extremely sour. clears your sinuses. joe: giraudo will tell you flour, water, and tradition make this bread unique, but there's another key ingredient: climate. dan: san francisco has a

all this is proving to be too much for one north beach staple. grant and beach saloon shared their frustration. sales after midnight have fallen off a

they want you to cut back on the dinnertime staple to cut down on carbon emissions.industry leader is here to respond next. >> ashley: dhs secretary mayorkas is set to testify before house lawmakers today about the biden administration's 2024 budget proposal. he spent yesterday being called out by senate republicans who accuse him of neglecting his duty and securing our border. >> i've taken two steps, number one, identify for the first time human trafficking and child exploitation as priority for department of homeland security. >> but you are failing miserably, do you not care in more than two years, four to five million people, the population of 20 to almost 30 states and you are saying this is a priority? >> mr. secretary, you ought to resign. >> ashley: senator roger marshall announced he would introduce resolution of a vote in no confidence in mayorkas. senator josh hawley going further than that and calling for house lawmakers to impeach the secretary. listen. >> he will have to be impeached, that is short answer, house of representativeses can impeach him and

very products like yogurt, cheese and g r. staple foods in india, where a large number of vegetarians depend on dairy as a key source of protein in their diets. this is in contrast to china, where asian people are genetically predisposed to being lactose intolerant. around 92 percent of adults, including myself, suffer from lactose intolerance in china. in 2021, the chinese population consumed on average 14.4 kilograms of milk and dairy products per person. now that is relatively low figure compared to other countries worldwide. however, the chinese government is play an important role in promoting dairy consumption in china, launching programs to provide each child with a cup of free milk at school. this goes hand in hand with the growing health awareness, especially after the covert pandemic of the nutritional benefits and dairy products such as calcium facilitating digestion and boosting the immunity system. so rather than drinking liquid milk which is not agreeable, the chinese market is turning towards adult powdered milk. this is a functional product aimed at addressing the spec

we own 11 consumer staples that seems to be the right place to be. >> staples, 26 times is not cheapout of the range, but at the upper end of the range for what it typically trades for. it's got an apple multiple and the quality premium afforded to apple as well. it's also a low cup line growth story right now. it's all about how much they can side step the cost side while finishing up on the price increases on the products. you know, i think it's, again, kind of the reason you pay to have a boring but stable story. >> you get, joe, a good read on consumer trade down what they're seeing from the consumer in real time? >> listen, again, this is just my personal opinion and that's what makes the market. i've already resigned myself to the fact that we're weakening. that's, in fact, what we're doing. i cited before auto delinquencies beginning to rise. that's a critical element. that's telling you how stressed the consumer is. the federal reserve on may 3rd, scott, whether they pause or not -- if they pause, it will be the most hawkish pause in the history of monetary policy they're bas

>>> right now, a monster week on tap for earnings for the four horsemen of tech a few staples. we'll go inside the numbers, get you ready for the action mcd's, chipotle and -- all out with results later we'll take a look back at a terrible week for tesla. also look at the trade we put in ahead of this week's results i'm melissa lee. on the desk tonight, mike khouw, carter worth, and brian stutland we start with a deep dive of the monster earning on deck. more than a third of the s&p with results everything from big tech to industrials to energy, pharma, and much more. we'll start off with the big tech names alphabet, amazon, microsoft, and meta all up next week. more than $5 trillion worth of market cap between them. this could set the tone for where the market goes next the chart master is here to take a look at the group's next moves. what do you think? >> so much hangs in the balance. the reason you keep seeing the market this week, another unsure week every day just a little bit up, a little bit down. because the news will inform the direction. this is elemental. for every

all this is proving to be too much for one north beach staple.nt and beach saloon shared their frustration. sales after midnight have fallen off a cliff. we hope that politicians will do what it takes to bring tourism back to pre-covid levels. due to a lack of business, they're switching to events only mode for the time being. >>> the 11th annual san francisco art market is underway this weekend. it features about 80 modern and contemporary galleries from all over the would recall. it's from 11:00 to 7:00 tomorrow and 11:00 to 6:00 on sunday. and a san francisco tradition returns tomorrow for the 16th year. dog fest is a family and community festival that raises money for mckinley elementary school. you can enjoy the dog contest, food and drink from participating businesses, carnival games, and more. perhaps i should take mine out there. >>> taylor swift's tour has people all over the country lining up, and not to get into the >>> you two love a good con con concert right? >> agree, preferably with guitars. >> like what? >> prince. >> may he rest

these companies, you talk about consumer staples.y are able to deliver pricing power at the moment. do you think we are reaching the point where that pricing power is going to be eroded because consumers are not quit to take anymore? how much do you think they can continue to take? if you look further out, it is beginning to fade. do you think about consumer stocks through that prism? david: where is there stability? the value of that is so important in this kind of uncertain economic environment. sometimes, you think about it as, when you pay for excitement and when do you pay for boredom? i would say we should play -- we should pay for boredom. they are raising and surprising on the margin front you are looking at dividend growth. a more defensive posture is appropriate at this juncture. the u.s. economy is may be growing at a 1% annualized rate right now. earnings are down 7% year-over-year. that is a headwind. consumer staples, health care, those offer attributes. think about stable growth. that is where you can find it. guy: alw

, utilities and health care staples and utilities are expensive. another reason to like health care of the three it's a cheaper sector and you also get at the sector level a free cash flow yield of 5.5% which next to energy at 12 is the second biggest free cash flowing yielding sector which is what you want to own in times of uncertainty. >> jimmy, i feel like we kind of glossed over this because we ran out of tin, this new buy of yours, you haven't been all that active but did buy vertex. >> i have a good team that works with me on this. and they've been hammering me on this they said, look, bristol-myers and abbvie that we own, little bit stodgy these are kind of really value stocks, dividend yielding, not a lot of price volatility. vertex you can see share price appreciation and i think you will they have a fabulous cystic fibrosis business. pain and diabetes and those are obviously growth areas, i'm sorry to say it's pretty attractively priced. this is not some nose bleed biotech. roughly 40 times forward earnings >> it is a little bit more tha

that kicks off earnings from consumer staple names including coke and mondelez and colgate.ngs include p&g remaining flat for the year. with worries of the economy and inflation may eat into spending, does this have a move ahead? we will talk to jason here with goldman sachs. thank you for being here >> good morning, frank >> obviously, we look ahead to p&g. that report is later this morning ahead of the consumer staple names coke, pepsi, colgate the list goes on is a metric that you are watching with free cash flow or margin to give us a direction for this sector? >> two key metrics organic sales growth and competition. how it is holding up and gross margins. let me dive deeper gross margins have been under pressure in the industry for a while. p&g specifically seven consecutive quarters of declines a lot of inflation these companies are trying to catch up and grind out productivity and catch up on price. you see it on the cpi numbers. they have been pushing through price. this should be a quarter where we can hit an inflection point the price point is up and it sticks mean

and high and iron, then the african staples of beef pork and chicken. this makes it the healthy alternative. most of the got ever experienced. this is either the, your much or my wishes a brave or you will be a good sure. and in the good shoe you read me friend, people ask me experimenting in it. it's normally just as you make a new and almost true, resist the god itself, on your tomatoes, your little season unit. and well, 1st in the spells you kind of get sore throat neatness. and if it's all prepare, law gets hard. so it's like you even robin hood, so he just, oh depends. we call your prepare. so this is my pre preparation for my gold cri. before usually what i do old go to the market selectable, to have it killed the at the market go to malawi, i usually enough to forage returning home in the evenings for water, which means they're better for the environment and more sustainable in terms of farming than most cattle, we dre rob, the meat after we can get it. basically like with the gold curry, a dry rubbed with some paprika of some camire. normally t

so i has long been a staple in chinese and japanese diets. and now increasingly asian consumers are turning towards plant based milks so they can satisfy their taste for something creamy and milky. but also avoid lactose intolerance symptoms and drinking high calories. in 2020 china's milk alternative market was $8500000000.00. while the u. s. was only 3100000000. and now we have dr. sylvan shiela boy, back with us. thank you so much, dr. now there's been a lot of arguments saying that plan base milks are better for the environment than traditional milk. do you think this is true, especially when you add in all the water and fertilize and everything and taste to grow enough almonds or cashiers to make these not milks? so yeah, to your point, it depends of the source. so i would say that when it comes to dairy alternatives, old milk has probably the upper hand. oh, doesn't really quite a whole lot of water, but by when you look at almonds, for example, the case is much weaker. so it really depends of the source of, of, of the product itself re

let's say it over to allow you to find out more about a growing delicacy evolving out of the local staple. go to weeks, i grew up with my mother. i will tell you definitely we should have you called because this well, every time it's all noise smells all noise is the only one i'm here to pull in. thanks bye me. but yes, he is a tough one. when i was young, i think it was bag bag and i just thrown myself, let alone his name might be good to me. he said, no, that comes bag. can shift praise. i am a handle is i'm allowing jeff that has made it his mission to change people's appreciation of complete leave a lot more that we can do with court, then what is the or an sway. i've also been trying to get some small so smoke got out there because i know definitely smoked, almost everything is out there. i don't think i've ever heard of smoke gold. gold lead is low in saturated fat and cholesterol and high and i and then the african staples of beef pork and chicken. this me said the healthy alternative, most of the go, every experience is either the your much or my wishes. a brave or do to be a good

let's say it over to allow you to find out more about a growing delicacy evolving out of the local staple. go to weeks i and going up with my mother. i will tell you definitely should are equal because with this well, every time it's all noise smells, all noise is the only one i'm here to come in. thanks bye me. but yes, he is a tough one. when i was young, i think it was bad, really bad. and i just thrown myself, let alone his name might be good to me. he sank no. that comes back and shift praise i am a handle is i'm allowing chest that has made it his mission to change people's appreciation of complete. there's a lot more that we can do with goldman. what is we already an sway? i've also been trying to get some small so small got out there because i know definitely smoked, almost everything is out there. i don't think i've ever heard of smoke called go bleat is low in saturated fat and cholesterol and high and i and then the african staples of beef pork and chicken this me said the healthy alternative most of the got ever experienced. this is either the, your much or my wishes, a brave

the ten-year is 3.4% that does it for us, as utilities are the leading sector here today consumer staples pretty defensive and energy is the biggest lagger thanks for joining us. "the exchange" begins right now. ♪ ♪ >>> courtney, thank you very much hi, everybody. i'm kelly evans. ahead this hour on "the exchange," it's a red day for regionals led by first republic. they hemorrhaged deposits in the first quarter and now it's a battle for survival. we will see the same with west pac? google or microsoft? microsoft has handled disruption with ai better and one luxury fitness company just crushed earnings. high membership fees are one reason why but what about a looming consumer down turn, what about weight loss drugs? we'll explore that but first, let's get to dom chu. >> it's been a down day pretty much all session long. that's the difference we're seeing there's no wavering right here the s&p opened lower to start, and the highs of this session, we were still down about 11 points, down roughly 42 at the lows so near session lows right now the s&p now below the 4100 mark, off by one full p

, jenny >> the only staple i own is bng foods and it's had a good year it's interesting because theyto the consumer last year. they're benefitting from that. you have this funky kind of picture now where i wonder, okay, are we going to be able to sustain those prices i'm up 40% almost in bng this year, but i'm down 40% the past 52 weeks it's a challenging time. what i'm curious to see on earnings next week is how they start to play out and what we really see from the consumer the divergence and who is reporting next week whether it's hilton or whirlpool or mcdonald's, we're going to get so much insight into what the consumer really looks like >> there are no other good yield plays within staples but bng foods? >> there's kraft-heinz they have 3g backing them. they cut all the muscle out, they cut it to the bone. i have a hard time getting in on that there are yield plays but they're not juicy enough for me. i have this 5% yield hurdle on our income equity strategy so i need -- >> b&g is a tiny bit below >> it was higher but they did cut that dividend. it was the first time they cut i

each of these consumer staple stocks hit record highs in trading today. each of them gets a gold star. they are up, you can see anywhere from 17 to 70%, but that consumer staples trade is still one where many folks are finding at least a little bit of safe haven even though some would argue the valuations are high and then one other place to keep a close eye and we talked about the oil and gas stocks and energy prices overall and west texas intermediate crude and that's about 6% gains there. a lot of the exploration in production companies and marathon oil, conoco philips and exxonmobil, and anywhere up from 5% to 9%, 10% on the day and the energy sector spdr up by far the best performing sector and by far in today's trade the big question is why cut now for opec and where do prices go from here from the impact on the energy market to what you will pay at the pump, we'll have all of the angles covered helena krop, rbc, and she's also a cnbc contributor bob mcanally, founder and president and our own brian sullivan brian, we'll begin with now, the man who

consumer discretionary names are now consumer staples.ll of this is important stuff as you try to balance your portfolio. so the had's bring in kaltbaum capital management president gary kaltbaum. gary, i want to start with technology. lots of major name changes in technology. you know, i know you're sort of a tech guy. i think it helps these sectors like financials. if i have got, i have got for instance, visa in there, if i got mastercard in there, paypal in there i feel like it helps them how does it change the way people should look at their own portfolio? >> when they set things up and look at the s&p 500 a lot of managers have to match up with where stocks go. so mastercard, visa go to financials, the two greatest bookies on earth. nothing wrong with that. not so sure paypal which stock has been crushed is any help. this is the normal course of business. it happens all the time. i'm a little goofed out how target goes into consumer staples when i go into target to buy it. vs. i don't run the joint. they're thinking what they're doin

t staple, energy, those are easy places to be defensive here. it just seems to me there are places to invest and there are places that are oversold there's no question, the sentiment on banks is terrible and there are banks that are probably worth owning. >> there's a lot of banks that are trading at very reasonable valuations and have very good management teams and a more conservative style. but it's going to be tough to exploit that in the short-term we're going to be in a range the wheels aren't falling off the court, but you're at the high end of the range. could we go higher yeah, i guess so, but can you sustain that not at a 20 multiple on 210, not for that long. and we're going -- i really do believe we're going to run into recession, and that's just not great for risk product let's not forget, the debt ceiling is coming up we're going to get some resolution on student loan and at the end of the day, we don't know if the fed is done, so, still a lot of risk out there. >> so, your title, chris, is head of equity strategy. >> yes >> but in

last week i had the honor to visit the amazing students and faculty from agriculture is a staple of their home economics program. founded just three years ago the new agriculture program features a greenhouse, life science lab, welding booth, wood shop and agribusiness lab. at the school, education goes beyond the classroom. in addition to the astonishing 75% of students enrolled in the agriculture science, the school's future farmers of america membership comprises almost 70% of the entire student body. this fantastic success is a testament to the excellence and commit thoasm school administrators and faculty at the school. as chairman of the houseagriculture committee and senior member of the education and work force committee i know just how important agriculture education is for the success of our nation. i commend the student, faculty and administrators who made this possible and say thank you for the opportunity to experience it firsthand. thank you, mr. speaker, i yield back the balance of my time. the speaker pro tempore: the gentleman yields back. for what purpose does the gentle

consumer staples is number two. everything you just talked about most of the stocks you just named are either in discretionary or staples that's why we love you, man, have a great weekend. >> thank you, charles. charles: our next guest laid out her global macro perspectives with city bank and i want to bring in katherine rivera, and k rb, now you say the u.s. economy has been mostly goldilocks in recent decades and its impacted behavior. i guess you're saying we've been spoiled. maybe our ability to adjust to this brave new world. what about the federal reserve's ability to adjust to it? have they been able to do that? >> well, they have not and they are part of the reason why we have sticky inflation, and why the fed itself has to increase rates in such an inordinate magnitude and velocity because the fed itself has allowed inflation to really spiral. federal government policies also played a part, but certainly what i'm talking about here, charles, is kind of behavioral economics. we have been conditioned. we, mea

. >> well, it's definitely drawn a lot more eyeballs to some of the staples and household names.oke's a story today, organic up 12, and here, jim, we got a case where volume did not take away or offset price and mix with volume up one and global case volume up three. >> yeah, james quincy told me, look, this was just a really extraordinary quarter, breakout quarter. i agree with that. couple things to note is that there were still inflation systems, there's still inflation in the sweetener there's still inflation to some degree in other juices not a lot of inflation in cans, which is very positive but india was called out as being terrific, and by the way, chatgpt was called out as being terrific, being able to maybe have a little more advertising being done internally. people worth more because they're augmented by artificial intelligence i was surprised he called that out in india, because they were new themes that i had not heard. jack and coke ready to hit the country very strong. that's going to be a very positive addition to what he's got already. look, i got to tell you, d

i don't want fewer staplers, i want fewer people stapling get rid of the -- keep the staples, get ride people it's like the cannoli. >> yeah. bang for your buck we showed the chart of coke, which reminded me of what mcdonald's has done in the wake of their own head count reductions all-time high yesterday going back to 1965 today we had the qsr upgrade the other day. today papa john's talking about 600 restaurants in india by 2023. >> india was a great market for domino's i worked on pat doyle's effort to put a no cheese, for the vegetarians. i said i've got a vegan daughter i want the no cheese he said, all right, we got it. then it turned out it was a huge hit in india >> cramer, head of business development. >> just raised our comps by 30% in india because your daughter won't eat cheese look, i think dominos -- it's their time to make some money. papa john's is doing well. texas road house is doing well people do want to go out to dinner that hawes on the changed. the go-out trade is still alive and well i think the travel trade is the one i'm concerned about. i've been doing a lot

oh, founder of staple street capital, which is investment firm. that owns dominion voting systems in partnership with john police and the rest of the management team. it's not every day. that an investment fund finds itself at the center of this type of dispute. for us. this case has always been about exposing the truth and holding those who knowingly spread lies accountable. we are proud to play whatever part, we could. in helping dominion achieve important goals. i would also like. to think all the dominion employees who have been through so much. and stuck with the company. through all this. we're all very proud of them. i also want to thank our attorneys have both susman godfrey. and claire lock for all their hard work. without their efforts and resolve. the truth that has been exposed. over the course of the last several months. may have never seen the light of day. thank you hi stephen shackelford with susman. godfrey. i am so proud to be here today representing dominion. it's a great day for the company, although a bittersweet day for the c

even the price of staple foods has become an affordable for many. the country was hit by devastating floods last year that destroyed lots weights of crops. also contributing to the crisis without asian countries. also going through a protracted political crisis in which the opposition and ruling bodies have taken their battles to the streets and to the court. and among the chaos, it's the people of pakistan who have been left on their own to fight for their survival. you watching dw news from berlin? a michael oak sports life is up next, looking at how football is bringing people in argentina together in difficult times . but 1st, some stunning footage that nasa has shared a view of the northern lights as seen from the international space station. ah ah, what are sports, all a scoring i bang. we say they were about never giving up sports life every weekend on d.

in many areas in asia, rice is the staple, and rice prices really have not risen. like, like wheat and corn, let's say right. a 3rd reason is that a number of the governments in the region have tried to protect consumers by subsidizing prices of energy and food. and the last reason is that many, most of the countries in regions did not have big stimulus packages, like in the u. s. and in europe, which really fuel inflation is kind of from the demand side, that's been a much more gradually recover, gradual recovery process in asia. now along with china, you mentioned india as one of the main drivers of growth in the region. where is the demand for products made in debt for services in india coming from well, india is growing robustly this year and it's not really from exports because . 3 of the slow growth in the u. s. and in europe, both regions, we're projecting to grow less than one percent. this year. exports are not really driving the growth in india. so it's more coming from domestic demand recovery from the panoramic also renewed activity on demand for servic

stick with the high-end and very low end in the staples space walmart and target which is now a staple. i think it actually hurt the performance of the stock recently. charles: nancy, thank you so, so much on this historic day. folks, this morning, you heard alli talk about this, jamie dimon issued annual shareholder letter, i first thing i was happy about, it didn't say dear stakeholder. bank stuff, was less interesting, would say what any banker would say to me. what bothered me itself the letter seemed to be a ode to globalism i appreciate this, dimon pointed out part of a quote from letter, america remains divided in its own borders and its global leadership role is being challenged outside of its own borders. bring in trend macro chief investment officer, don luskin. america is being ripped apart. we see on other side of your screen former president trump being indicted. overwhelmingly majority of the american public believe it is politically motivated. how do we get off this path because it seems like a path to self-destruction as a nation? >> well america has one really strong e

at the end of the day people will stick with the consumer staples.u are hypothetically to overlay the two year yield. the message you need to take away his people are worried about recession and it's showing up in markets. guy: if you look at the market positioning now in the options market positioning for a move either way. fantastic as ever. thank you very much indeed. the imf lowering its growth outlook in large part thanks to the global banking system shocks we have seen. in the latest report, the funds chief economist says the risks are weighted heavily to the downside in large part because of financial turmoil of the last month. pierre-olivier joins us now from washington. i read what you wrote and i see you trimming your baseline forecast by a little bit but warning the are heavily skewed to the downside. does it mean i should read the baseline as potentially overoptimistic. pierre-olivier: no. the baseline is the baseline so that still where we leave the things by default. it's a slight downward division for this year and next year. this is r

are now seeking sponsors to make it easier for the fabulous residents to build their livelihoods on staple ground. every 2nd, an estimated truckload of textiles is dumped into landfill or incinerated for local living near dumping grounds. it often means breathing in toxic fumes day in day us and our next report will bring you to kurdistan. wearing artist has found a way to combat the dirty fumes, choking her city by literally turning trash into treasure. smoke billows from a mountain of garbage outside of beach kick the capital of kirk austin. much off the pilot's discarded clothing waste from the garment in this tree. the key source of income for the central asian nation of 7000000 manufacturers often discard scrap material and then filled to be burned or scavenge to heat people's homes. those fumes worse and the pollution and bish cake, which has some of the dirtiest in the world thanks to its wide spread use of coal. to me that i've told her, i hope the authorities will pay attention to this learning landfill site soon as well. they're about 40 families living here. now, whomever we're

even the price of staple foods has become an affordable for many the country was hit by devastating floods last year that destroyed lots weights of crops. also contributing to the crisis without asian countries, also going through a protracted political crisis in which the opposition and ruling parties have dickens did battles to the streets and to the courts. and among the girth, it's the people of pakistan who have been left on their own to fight for days, their bible and you're up to date, your anti w up. next world stories has a report on the conflict, as in ukraine, searching for russian items left on the battlefield. as warren dw dot com and on social media 2 at dw, i'm jared rating. berlin, thank you so much for watching. have a great day. and the amount of plastic is increasing every year for many im gonna working on lunch with the wife.

even the price of staple fords has become an affordable for many the country was hit by devastating floods last year that destroyed lots weights of crops. also contributing to the crisis. without asian countries, also going through a projected political crisis in which the opposition and ruling bodies have dickens did battles to the streets and to the courts. and among the gales, it's the people of pakistan who have been left on their own to fight for their survival bell portions, king charles has ended his 3 day site visit to germany. the trip has focused on strengthening european unity despite the war in ukraine and building ties between britain and germany that was strained by breaks it for british. whether for king, charles and hamburg, the monarch begin the last day of his germany trip by commemorating german victims of world war 2 error rates. the gesture at the ruins of a church is unprecedented for british sovereign o. hamburg, bishop stressed the importance of the event as a symbol of reconciliation and hope once among and a time later, crowds turned out in front of city hoping to