bounce forward, with comcast business. . >>> welcome back we've got earnings alerts on whirlpool andds moving after hours let's break down the results kick-off it off now more on whirlpool quarters. >> housing boom continues to fuel the companies earnings doubling its operating profit. on "closing bell" it's ceo pointed to the underlying strength in the housing market driving demand for appliances like washing machines and sees an multi-year upside in the market and said the consumer focus on the home is not going away mentioning inflation pressure and higher cost and in response the company is raising prices 5 to 12% joining the likes of kimberly clark, proctor and gamble and coca-cola also hiking prices due to the raw material situation we're in right now. looking at shares of whirl 3pool about 30 up year-to-date >> tim you fast pitched this one, look at it now. >> well, it's extraordinary the tailwind in the sector that has legs it to it and this isn't about a stay at home dynamic this is about a cycle that for most of covid has been highly constrained if you look at sales year-ov

there you can see the spike in whirlpool shares we will talk with ceo in just a few moments.ny that finds itself at the intersection of two strong trends in the u.s. economy right now. the hot housing market and strong manufacturing and it continues to show that they have got pricing power and very strong demand. >> anything obviously housing related and durable goods. and sort of anything that uses a lot of the raw materials people are now conditioned they are going to have to pay up. i think that's in the short-term the story. that 720 that they earned in this quarter, better than the 541 estimate -- well, at december 31st, the stmt for this quarter was 392. that's when you talk about when you say earnings momentum in cyclical groups. it usually has a little bit of life to it that's why when she is stocks look a little more expensive at the ends of a cycle or at the beginning of the cycle it is because the earnings are going to ramp more that story is intact now it is exactly how long the sweet spot lasts. >> pivoting back to the broad, markets. industrials and energy led t

-- from aaa to whirlpool have outlined price hikes -- from chipotle to whirlpool have outlined price hikes. for british prime minister boris johnson, allegations of incompetence in his government have picked up. he denies the claims he said he would rather see bodies pileup then order a third pandemic shut down, despite multiple reports. i tv reports that the conservative party represents a highly unusual arrangement. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ this is bloomberg. ♪ >> we have too much pressure on public companies and we don't ask the rest of society moving on. we are going to but our public companies at a disadvantage, and more importantly, we are not going to get to net zero. the only way of changing that is getting all of society behind it, not just the thousands of public companies. jonathan: larry fink, blackrock chairman and ceo. good morning. be sure to stay with bloomberg for more from the bloomberg green summit. we will hear

working really well for whirlpool. the home appliance company delivered a blowout quarter just now with sales soaring 24%ier on year stock lower today, you can imagine it priced in a lot the ceo sass he thinks the work from home boone will continue. here's his optimism on "closing bell" yesterday. >> people have a stronger orientation to house and home. if you listen to all the companies auns thouing their work policies i would say many consumers will stay on average one or two more days at home that drives appliance consumption. literally, alliance consumption. that will not go away in any time soon. >> cema, that to me is what -- it all comes down to, are people still going to be home one or two days a week? i know people moved away from the city because they are betting their futures on it. i see guys running around the neighborhood on conference calls and think they are happier doing it this way than being stuck in the office we don't know for sure it must be hard for any ceo like whirlpool the try to make investme

would you sell then like a whirlpool?ays ago after the close whirlpool goes straight up, yesterday it got hammered. i didn't see it today. what message do i take, the earnings in the initial pop or do i sell with the crowd? >> no, you look at the fundamentals. whirlpool is a stock we've owned for a long time, we really like it here. the temporary selloff is, you know, some folks may be taking some profits. you've got to look at the fundamentals. hook at the housing market. -- look at the housing market. people are going to be buying new appliances. and that's not the only place one can look. auto's doing very well, even with the slowdown in production, a company like texas instruments really gives investors opportunities even if there's a selloff at earnings. charles: tim, your thoughts on earnings season so far, what have you learned, what do you like, dislike? >> the one thing, joanne and you mentioned it, the one thing that makes me a little more cautious is the fact that some acceptable earnings have been met with som

whirlpool. >> and of course that was a tim seymour fast pitch not too long ago., what do you say >> well, for me, i'm going to go a little outer space here and virgin galactic. if you're going to get this face-ripping rally and really frothiness. >> gonzaga completes the perfect season. >> i told you all the way. i told you weeks ago at the start of march madness gonzaga all the way. that was my call >> i know. i know >> nice job. >> it's incredible what you do >> it's amazing, right >> oracle, all-time high orcl >> all right thank you all for watching "fast money. see you back here tomorrow at 5:00 meantime, don't go anywhere. "mad money" with jim cramer starts right now >>> my mission is simple, to make you money i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. "mad money" starts now hey, i'm cramer. welcome to "mad money. welcome to cramerica other people want to make friends, i'm just trying to make you money. my job is not to just make you money but educate and teach you. call me

i like those trades, whirlpool the cheapest of the bunch, somewhat of a different animal but related.coming up, u.s. steel making moves and adtrers all over this one. don't bo anywhere. "fast money" back in two o anywhere "fast money" back in two go anywhere. "fast money" back in two (vo) conventional thinking doesn't disrupt the status quo. which is why t-mobile for business uses unconventional thinking to help your business realize new possibilities. only one 5g partner offers unmatched network, support, and value-without any trade offs. >>> u.s. steel topping the tape today jumping more than 7% tim you flagged the move so what's the trade here? >> let's use your metallica reference, look, 15 months ago it was enter sandman and nothing else mattered for this stock other than the price of steel and level balance sheet but look balances are near all new highs. invent tore y are low. talking about infrastructure and balance sheet with sensitivity it can go higher, as volumable right but i'm long u.s. steel and will stay >> let's go to more "options action" news u.s. steel did see unusu

to answer that, we have been dragged into a whirlpool of european union etiquette.nted out quite correctly that when donald hurst and jean-claude juncker were in those roles and met president erdogan, it was chairs all around and not a sofa insight. mr. younger has confirmed yes, there were times he ended up on a sofa. from a particle point of view, he says the president of the council is number one. in turkey's account suggests someone of the eu thought the same thing. >> in this meeting the request of the eu were met, and the proper protocol applied. ros: having spent four hours or more seeing the video going viral social media, shall we took to facebook to tell us the few photographs of that media which have been circulating have given the impression that i was indifferent to the situation. nothing could be further from the truth. he goes on. while realizing the regrettable nature of the situation, we decided not to make matters worse by creating a scene. but at the grave risk of over analing this clip, look at the pictures of slowed down. we see shao michelle ma

whirlpool, there's a pandemic winner.d its guidance. stock will go up 4% higher for whirlpool. let's look at the dow world is -- winners, headed by boeing this morning which is set at 237. the s&p winners, where are they. so they did well. they are up 4%. >> the s&p is trading above their 200 day moving average. the last time we saw that. most of the stocks are up past pre-pandemic levels. nasdaq winners, tesla was in there. teslas up one%. we have some winners. the dow is down 126 points. at&t was languishing 28, $29 a share, notice 31. they just came out with a strong report. what about their streaming. >> the -- hbo max had $42 million, added $2.7 million in the corner domestically in the us and that rings the total of paid streamers to 64 million. is that impressive we are 18 months into a business, godzilla which you watch because you told me to watch it, not like you knew the ending so i did watch it this weekend, great movie. they partnered up in a way, you are making me move the -- ruin the plot line for people. j

one by one we were all sucked into the awful whirlpool.surely, ladies and gentlemen, i put it to you, surely we must not let this happen again. [ applause ] this can only be achieved by reaching now in 1946 this year, nine-hundred and forty-six, reaching points with russia under the general authority of the united nations organization and by the good understanding through many peaceful years by the world instrument supported by the whole strength of the english-speaking world and all its connections. there is the solution which i respectfully offer to you in this address which i have given the title "the sinews of peace." let no man underrate the abiding power of the british empire and commonwealth. [ applause ] because you see the 46 millions in our islands with food supply, which only grow one-half even in wartime. or because we have difficulty restarting our industries after six years of passionate war effort, do not suppose we shall not come through these dark years as we have come through the glorious years of agony. [ applause ] do n

honor today, but no one would listen and no one -- won by one we were all sucked into the awful whirlpoolwe surely, ladies and gentlemen i, put it to you, surely, we must not let that happen again. [applause] this can only be achieved by reaching now, in 1946, this year, a good understanding on all points with russia under the general authority of the united nations organization and by the maintenance of that good understanding through many peaceful years, by the world instrument, supported by the whole strength of the english speaking world and all its connections. there is the solution which i respectfully offer to you in this address the which i have given the title, "the sinews of peace. " let no man underrate the abiding power of the british empire and commonwealth. [applause] because you see the ÷ in our island harassed about their food supply, of which they only grow one half, even in wartime, or because we have difficulty in restarting our industries and explore trade after six years of passionate or effort, do not suppose that we shall not come through these dark years of privacy

hunt, whirlpool, that's about as brought as you can get. >> the formation of the market is about as perfect and sunny as an investor could ever want. keep in mind, oil is actually falling. it's below $60, to your point before, unemployment at 6.4%, ims services with the highest number since 1997, and bond yields are falling the economic optimism is reflected in the good news in the economy. what we are now witnessing, as we enter a new quarter, is, to your point the broadening out. the broadening out is now coming from the establishment growth names. so you have your tesla up 12% in the last five days you've got your alphabet and your microsoft up nearly 8%. nvidia up 7%, lamb research up 7% so technology is participating once again, and this formation is a really strong one heading into earnings. stay invested and enjoy it. >> tell you what, joe, it's the tech names, some of the other names. if you look at the etfs, multiyear highs today, brynn. home construction, i gave you some individual names there t. the home crux scherr, itb etf is higher since '96 >> first of all, as it comes to hom

in earnings calls, executives from businesses ranging from chipotle to appliance maker whirlpool have outlined data that shows inflationary pressures building in the economy. global news 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. i'm ritika gupta. this is bloomberg. ♪ >> we have been reminded that the status quo is not nearly good enough, and that innovation is indeed the path forward. for our part, the united states will work to end the pandemic with our partners and allies. we will invest in our health security at home and globally. jonathan: that was vice president kamala harris addressing members of the u.n. alongside tom keene and lisa abramowicz, i'm jonathan ferro. tuesday morning shaping up as follows on the s&p 500. equity futures up a little more than 0.1%, five points on the s&p. we have $18 trillion worth of earnings this week on the s&p 500. apple coming out tomorrow, amazon on thursday. into the bard month -- into the bond market, where yields higher which 1.5792%. racing through the e

big consumer names from whirlpool and kimberly clarke have announced plans to raise prices will companies successfully pass along the highest costs? my guest guest says yes. it's a very good sign for corporate earnings you say in this case the money is coming from extra savings, stimulus checks. you think consumers will pay up everywhere they are being asked? >> absolutely. the business cycle pattern is that prices paid it first for producers. margins catch up and as rev nus -- revenues go up, they cover fixed costs. it's a variable cost argument but seeing total revenue growth up is when they start to cover the fixed costs and that spread widens that's a big positive for small caps, for example. this is a type cal business cycle pattern but whether consumers will pay higherprice or not this impulse has only been through goods prices. that's the piece is ending >> let me stop you right there because this is fascinating. if i'm a company, i should always be raising prices. is it true i'm going to sbuk that chipotle and look at that index. you go go to wendy's, you can't get out the door un

whirlpool, monday. bank of america, 25 billion dollar approved last thursday and the kohl's program i already mentioned. >> it was less than 100 firms buying back stock. i think once again we'll see more companies, most companies in the s&p 500 doing stock buybacks this time around we have retail participation and we have got increased shadow banking that doesn't mean we won't have any dips going forward i've written we'll have another paper tantrum sometime in 2022 i think the dips will be shallower and briefer than we saw in the last bull market on average. >> two follow up questions first, a lot of people ask, isn't this sort of a frothy sign and don't company always buy at the highs. they are not known for being good stock timers. what would you say about this idea that companies just keep bieg high-- buying at higher an higher prices. >> it went own for 11 years in the last cycle the only way to time it is when the credit cycle ended if the virus had not kicked in, we'll still be buying stocks i sa

whirlpool. up 1.5%. earnings beat estimates. $6 $6.81. everybody is buying dishwashers.tock number two is net gear lower on the back of disappointing sales for the second quarter now expect the second quarter sales between $3 million and $5 million. it is down 3.5%. stock number three teradata surging after first are quarter results after the close yesterday. that is the mystery chart. company expects earnings to come in between 67 cents and 69 cents up from guidance of about 40 cents. coming in at 69 cents on guidance of 40 cents that is why that stock is up nearly 30% right now and up 105% in just three months if you own teradata, i don't know, three months and one day ago, take the family out for dinner tonight congratulations. wow. >>> still on deck. bubbles and bright and shiny things rising assets from dogecoin and hampton houses you will not believe what some houses in the hamptons are going for this summer. we'll tell you anyway right after this >> announcer: today's big number 109. that's how many new spac deals were completed in march. a new record according to

we seen that from procter & gamble, whirlpool, kimberly-clark, coca-cola, all talking about passing onigher costs. tom: i know you are riveted by this. i get emotional as well, ken's 60th birthday over at mattel. jonathan: happy birthday ken. who thought this is where we would be, talking about a 60th birthday for ken with tom keene? lisa: i'm just going to hope that's transitory. jonathan: it's not. it's permanent. [laughter] tom: in honor of the astronauts, tang today. lisa: i will say this, just talking about earnings. there's been a really interesting development, in my opinion. you have seen really good earnings on average. some misses, but honestly, for the most part it's been great, and the response in markets has been meh, what have you got for us next time. that's been fascinating. what is driving the market action we have seen recently? but is frankly, the data has justified what we have seen. jonathan: i agree, it is captured by the bond market. your bond market on tens, 1.5454%. this is the third week of gains for treasuries. the third week of yields moving lower over the w

some stay at home stocks like sherwin williams and whirlpool they're weaker the key story is guidance for next week. they want more guidance. we don't have the visibility we can't tell you what's going on that's 2020. nobody wants to hear that. prices are too high. they want to hear the ceos giving guidance of how business is going to be in the second, third and fourth quarter no saying you can't have visibility and they will get the pushback on that idea. ceos give better guidance and support the stock prices that's what the market's expecting. an interesting earnings season. >> interesting point no guidance last year. this year you better give it. >>> let's see how the bond markets are reacting to the minutes. >> the headlines are starting to come out a couple headlines and sticking with what i think is the big one, the fed -- bob talking about guidance if you look for guidance from the fed it won't have anything new because they won't recalibrate it very often. that seems to be a headline comes out. what does that mean? they're sticking to their dovish story line and we heard from

interesting because remember the comments from whirlpool ceo said as restrictions ease, consumer behaviorthis report from pinterest suggests that consumer behavior is changing. they are spending less time online or perhaps not obsessing about work from home office or learning how to frame and all the other diy projects we were working on at home >> pinterest down 14%. you can buy apple before the earnings which stock would you rather >> would i rather. i do not own pinterest and for pint pinterest, user growth is more important than refr knews. i would not be a buyer of pinterest. i am an owner of apple i thought about buying more into the print. the services revenue just shy of 54 billion can you imagine, they got to 54 billion in services. that's going to grow with air tags now, latest, greatest and i know you saw my twitter this morning -- >> yourself just saying it because i help you find you cat. >> exactly i want to start slapping these on do something with chewb o, something on a pet scale these will be excellent things to find your pets, find everything else along the house. i wou

i know you're not a specific stock picker but i look at whirlpool's earnings yesterday and they werek is very good it was a company that even though it's facing pricing pressures, it has power to pass these increases along to consumers. everything was great today, it traded sort of eh on the back of that why do you think earnings season is going to give the markets fuel for another leg higher? >> so it's actually for earnings season, i think it's going to coincide for the earnings season the pieces with the covid in the u.s. is going to start declining very soon. for two reasons, we have some natural immunity and immunizations going well so we think it's not well reflected in the numbers and happen soon in the next sort of maybe one or two weeks. it's going to coincide with the earnings, but earnings are going to also be decent. so we think the basically positive earnings as well as improvement in covid situation in the u.s. which we expect them to see later on in the europe as well it will basically drive some rotation from growth into value and coincide with the bond yield taking h

when you look what whirlpool looks like, it starts with ppg. >> the powder coatings that goes on to thathave a great relationship with the clients, the business was up 14% last quarter. it not just appliances our electronic materials business so think about the work from home stuff, any computer monitor, any keyboards, head sets, you name it all have paint on them and our electronic materials business is up our kitchen baking business, people cooking from home is up we have a lot of things on fire now. >> michael, people apparently love to lose money betting on any part of electronic vehicles. the spacs or electronic vehicles you actually make money in batteries and if you could tell people that, maybe they will stop losing money and start making money. >> well, electronic vehicles and we're not talking hybrids now, po pure electronic vehicles are good for us. think about the battery box underneath the car that's additional paint. the seal that battery box takes adhesives and sealsealing. we don't like that in china they have a standard that you have to have five minutes to exit the vehi

higher raw materials and freight costs have prompted appliance maker whirlpool to boost prices by asstic costs and we decided when we saw it is not stoppable anymore, we saw the need to come up with price increases. >> reporter: to offset the higher price of wood pulp, kimberly-clark is raising scott bathroom tissue and kleenex. and huggies diapers and female hygiene products experts say it will ultimately be up to the retailer to pass on the costs to the consumer. >> what consumers should be doing is comparing prices. it's not about hoarding. prices are probably going to go up over the next 12 to 18 months at a minimum. >> reporter: the timing of the price hikes is coming as the u.s. economy is gearing for a big rebound. consumer spending at restaurants, hotels and salons is already taking off. if prices of basic goods continue to rise, that could hold people back >> if your cost of living rises faster than your wages, you're going to be probably slowing down the rate of your spending >> reporter: problem is you can't not buy toilet paper these are essential items every household ne

whirlpool last night, they posted a number, the stock skyrocketed higher.pened lower today as we're moving down. how does an investor watch this show with a great company blue away earnings, watching a stock go down, how do they reconcile that? >> when you look at companies coming out, prices are going lower, you buy some of those and take advantage of the opportunities. i'm making sure we're being strategic about the opportunities we're looking for. for example, we saw things like netflix came out and didn't beat their earnings. things like peloton and zoom significantly down from their 52-week lows makes me think the stay at home trade is over. yes they have good earnings, yes they have good forward out look, but if a lot of their prices are priced in, look at the price compared to what they're actually earning right now, if that discrepancy is too high, wait to look for a better dip to buy right now. charles: rob in addition to this earnings season, one thing i'm thinking about, particularly now with the news of higher taxes. you got to wonder what can e

whirlpool thinks the global material cost inflation will negatively impact or business by $1 billionof this year so at least there's some clarity for some companies around when they think, andrew, that inflation is likely to start abating a bit. just some commentary for color back over to you >> is there any talk of how they're going to push that onto the consumer that's when it all starts to get interesting. >> it's not just talk, they're saying explicitly. many companies are saying they will result in higher prices, especially for end users out there, specifically some of the food companies and specifically some of the packaged good companies. also consumer products companies. even restaurant brands chipotle is talking about it, this notion they could see higher prices reflected down the line it's why a lot of analysts, traders and investors will be looking for the commentary to see if anybody else out there company wise does what whirlpool did and put a time frame on when they think some of that commodity cost inflation will start to go away that's got to be the real key, andrew.

to try to answer that, we have been dragged into a whirlpool of european union etiquette.he president of the council is number one. and turkey's account suggests that someone at the eu thought the same thing. translation: in this meeting, the request of the eu were met and the proper protocol applied. the seating arrangements were made in line with the eu project suggestion having spent 2a hours watching this video go viral social media, charles michel took to facebook. to social media, charles michel took to facebook. :, , he goes on... but at the grave risk of over analysing this clip, look at the pictures slowed down. we see charles michel making us of comfortable in his seat. we see ursula von der leyen gesturing in a way that it wasn't an entirely collective decision. since then we have also heard this explanation from her spokesperson. translation: the president was clearly surprised and you can see that in the video but allow me to clarify that however surprise she may have been, she chose to prioritise substance over questions of form or protocol. some will arc ue

producer has kept a list of companies that have posted increases in margin year on year, philip morris, whirlpool and procter >> what's interesting, procter, they had categories that they didn't get to deleverage and i was surprised, i thought they would have, and one of the things that chipotle was, well, what they talked about is they could put through any price increase that they wanted to avocado is the only one they're really worried about right know. but the margins are extraordinary there. the sales weren't up a lot but the costs stayed the same. procter is a little different. but procter did a good job kimberly, no kimberly not so good and we all start thinking that kimberly is, it diversified enough david, in the end, they are too paper-oriented too service oriented they really have a bad hand right now, kimberly. and i don't want to own that stock. >> okay. >> i know. well, apparently, there are a number of people who agree with you. >> but i disagree with what the market is saying about honeywell and american express american express is really good here. >> interesting to listen to you

at 22.5% earnings where we were ten months ago as the market marches higher i'm looking for csx whirlpoolrial cyclicals cycl cyclicals. >> wells fargo up 8% after the banks playing significant catch up of note. best week for gold nothing compared to doge coin. still nonetheless. >> exactly you know, maybe gold was created as a joke, who knows dollar down and yeel yield down give a bit of a bump to gold. >> i think mike just said doge is the new gold. >> meme me on that >> we're out of time on "closing bell." have a lovely weekend. "fast money" starts now. >> i'm melissa lee this is fast money tonight's trader lineup -- hidden gems as stocks hit all-time highs plus pinterest with worse day since november how are traders playing the pull back later, tiktok pull down, what we spotted that's a fresh sign of the times in the retail trading boom record rally on wall street, s&p cl

, jobless claims, 547,000 is a post-covid low our road map begins with the earnings deluge, dow, whirlpool, intel and snap after the bell. we will talk to the dow ceo and southwest ceo this hour. and credit suisse tapping investors for cash to shore up the archegos loss while it struggles to retain key employees. >>> and president biden pledging to cut u.s. greenhouse gases 50% by the end of the decade the latest push to aggressively combat climate change. carl >>> guys, the latest "jeopardy" today, let's talk about it when did you get the news, and what's the shooting schedule going to be like >> you know, you tape five shows in a day so it's a long day. i'll get a chance, i think, there will be some rehearsal as well which is good because i will need every second of it, but you know, go out and do it, so i'll do it late next week but it won't air for quite some time and as you can see there, of course, i am, i'm sure many of the fans of the show, we know all of the other people but who in the world is that guy >> hardly. >> can't wait. looking forward to it so much. as you guys know, of

especially if you look at used cars every day there's an earnings report whirlpool was the latest, chipotleand smucker. they're all raising prices is it because of one time issues like a spike in raw materials prices for instance or chip shortages, and are we going to get more price hikes, which would then maybe signal a more worrisome inflation outlook, or are we just going to have these sort of one-time gains, which i don't think really would be particularly worrisome for the fed and for the economy, right >> they wouldn't, not initially, and certainly not for the fed. i mean, the fed is basically going to stick with its bet that this is a fleeting effect, it's largely statistical, largely about supply chains, and about this friction in a lot of the manufacturing areas and trade areas. so i think right now the market might decide it's a slight problem or maybe you have to raise your estimates for longer term inflation but it's actually also, you know, a margin story for companies. there's going to be winners and losers based on where the margins fall whether they can pass along prices or

even at this swirling whirlpool off the coast of argyll.ere, frankly people will leave, won't they? thea;r people will leave, won't they? they will, they would _ people will leave, won't they? they will, they would move _ people will leave, won't they? tie: will, they would move into the cities and they would never come back, and it is very important that we can provide income here on these remote communities. but we can provide income here on these remote communities.— remote communities. but to do that, the need remote communities. but to do that, they need to — remote communities. but to do that, they need to be _ remote communities. but to do that, they need to be running _ remote communities. but to do that, they need to be running the - remote communities. but to do that, they need to be running the boat i remote communities. but to do that, they need to be running the boat at l they need to be running the boat at full capacity, and the crew insist tourist could be seeing these sites safely right now. we tourist could be seeing these