enough about pepsico stock what about the fund mentals of the company? the relatively new ceo that took over when the amazing ingenuity stepped down talked about accelerating worldwide sales growth how does he pull it off? maybe good execution and what's on this table. this is their new products the products that pepsico is introducing, good examples of -- maybe. the good examples of what we got here maybe he does it with a nice bump in international sales. i think the new products matter. ingenuity matters. it's more important that when he'll hear from jay powell we want to pay attention to the conference call of what pepsico has to say and when we interview them on cnbc, notice, i have not talked about the fed once. so sales look good what about the gross margin? what the company makes i'm petting pepsico's role comes down they are growing with packaging, ingredients, transportation costs are climbing now the economy cooled off, i think trends will begin to reverse, which could allow pep to deliver a nice upside forecast, okay forecast i don't think th

i want to be a bull on all things not just on highest growth, not just on pepsico. but basf represents what happens when you have tariff wars and auto slowdown. what it is is chilling what it says is holy cow, i got to sell. >> 11% of basf revenue is germany. we any autos are in the tank they mentioned north american ag, things like that >> ag is so bad and some of it is hard because of weather some of it is related to trade remember, when i had martin risonhagen, fabulous ceo of ag co. and our soy went to brazil brazil, we keep seeing good numbers in brazil. brazil has been turned out to be a big winner big winner. >> i've seen the soy fields in brazil enormous amount of capacity. >> how did you do this >> ten years ago on u.s. farmers moving to brazil to plant soy, which now they're benefitting from as you say because the chinese are buying - >> brings me to ibm and the red hat deal. >> exactly >> a bad segue ibm, $34 billion deal has closed, closed earlier than expected i expected later second half ginni rometty and jim whitehurst are on hand. this is quite excit

incorporates, pepsico delivered -- in corporate's, pepsico delivered the richest high-grade bond yield in 2019. investors could not get enough with interest growing to the $32 billion size. finally, in europe, expectations for new ecb stimulus fueling investor appetite. -- appetite for high-yield. its seven-year deal to 3 million euros, priced to yield 3.5%. let's take in the eurozone, where ecb president mario draghi painted a gloomy outlook for the european economy. >> generally speaking, you have resilience in the service sector. at the same time, this outlook is getting worse and worse. and it is getting worse and worse in manufacturing especially, and getting worse and worse in those countries where manufacturing is very important. but because of value chains, this propagates all over the eurozone. jonathan: still with us are marilyn watson, bob michele, and george bory. i want to pick up on those lines from ecb president mario draghi and bring you a quote from the so president over in germany earlier this week, saying the following, "what is worrying is the weakness in manufactur

pepsico deliver the richest high-grade bond yield in 2019. investors could not get enough with interest growing to the $32 billion size. in europe, expectations for new ecb stimulus fueling investor appetite. priced to yield, 3.5%. let's take in the eurozone, where ecb president mario draghi painted a gloomy outlook for the european economy. >> generally speaking, you have resilience in the service sector. at the same time, this outlook is getting worse and worse. and is getting worse and worse in manufacturing especially, and getting worse and worse in those countries where manufacturing is very important. but because of value chains, this propagates all over the eurozone. jonathan: still with us are marilyn watson, bob michele, george bory. i want to pick up on those lines from ecb president mario draghi and bring you a quote from germany. it says the following, what is worrying is the weakness in manufacturing continues but it is now spreading, so we see numbers worsening in the services sector. it is certainly not getting better, and it i

you have the food stocks you need if you own pepsico. estee lauder, mcdonald's, nike, chipotle and procter & gamble. i wouldn't buy them here in the first week of earnings season but the to tbottom line they ar going away they'll be the second half winners the big money guys can't get enough of. memorize them, people, because i bet they keep winning for the rest of the year let's go to kevin in california, kevin? >> caller: hi, jim, from sacramento, california boo rah, big jimmy ge, i came in at 28 at 2014. i wish they held onto their appliances what do you think of next earnings and jane from sacramento is madly in love with you. >> there you go. two calls on this, first as ge is out of the woods but second that doesn't mean it can necessarily advance. doesn't matter where you bought it matters where the stock is going to, came from. i hold onto it not just for keepsake but i genuinely believe one day larry kulp will pull this rabbit out of the hat rob in florida >> caller: hey, boo-yah jim. sunny south florida. >> nice, rob >> caller:

pepsico deliver the richest high-grade bond yield in 2019. investors could not get enough $32 interest growing to the billion size. in europe, expectations for new ecb stimulus fueling investor appetite. priced to yield, 3.5%. let's take in the eurozone, where mayor draghi painted a gloomy outlook for the european economy. speaking, you have resilience in the service sector . at the same time, this outlook is getting worse and worse. getting worse and worse in manufacturing especially, and getting worse and worse in those countries where manufacturing is very important. but because of value chains, this propagates all over the eurozone. jonathan: still with us are marilyn watson, bob michele, george bory. i want to pick up on those lines from mario draghi and bring you a quote from germany. what is worrying is the weakness in manufacturing continues but it is now spreading, so we see numbers worsening in the services sector. it is certainly not getting better and a starting to affect the labor market. this is the big fear here in the united s

. >> reporter: wha else i helping pepsico right now? a stronger consumer. e.at goes for the u.s. and around the gl >> i think consumers are healthy, and particularly with our level of products. we represent little treats that really make people's days better. so wherever i look around the u.s., whatever geography i look in, ieems like the consumer is in a pretty good spot right now and willing to spend on our products. orter: the market has caught on to the higher growth prospects of pepsico. its stock, up almost 20 perps so f -- 20% this year outrunning arch rival kococa-cola. as pepsi showed today, it isn the growth camp. i'm sarah eisen. >>> the c next growth piee from the auto sector. new data out of mexico showed the u.s. is importing a record numb cars and trucks from south of the border, just more proof that the u.s aut industry has become more entrenched in mexico despite threats from washington to tax vehicles imported from that country. phil lebeau has details. >> reporter: from assembly lines in mexico to showroomsn the u.s., the number of autos imported from south of

pioneer foods -- it looks like it says pepsico making a purchase offer for it at 110 south african rand a share. there is so much m&a news, a flurry including ab inbev with 11 plus billion dollar sale. is the effect of all of this cheap money? 25 -- the feds or is cutting interest rates of an economy growing at 3% with unemployment below 4% and wage growth twice what the core inflation figures are. what will this do to the economy? is there concern about overheating? mark: i don't think there is any concern over overheating. i think come i have not checked from last week, the gdb inder kick -- gdp indicators are under 1%. unemployment normally spikes after a recession starts. we do know there is softness in the unemployment. looking at the moving average from the last two months, it is coming down a little bit. and the phillips curve has not been working for years. think the idea of overheating economy is not a risk at the moment. i think there is a chance that all of this cheap money does cause a problem with assets. for the last decade, there has been a large disconnect between inflat

a couple of stocks in focus right now, coca-cola and pepsico. on a year to date basis pep ssio is big right now, because, kelly, they report earnings before the opening bell tomorrow we'll see if that snack food and soda business is going well for pepsico. back over to you >> dom, thanks >>> welcome to "the exchange," i'm kelly evans. investors have pulled more mone fr in the last few years. china fx reserves are higher on the topic of central banks, let's get down to bob pisani >> reporter: kelly, this is the second down day and there is weakness in technology sides apple is downgraded from rosenbla rosenblatt the key for the markets is jay powell's testimony this week there's a dilemma. the market wants rate cuts but it's not clear there's an urgent need for them. the labor market is strong, we saw that on friday inflation is low and there's a record economic expansion. that is certainly a victory for the fed. other central banks are dovish also a victory for the fed and a recession still seems unlikely the big risks remain trade and europe an

pepsico did not disappointment i like the confirmation and acceleration of snacks and soft drinks it dropped a dollar in premarket trading but the company took 16 questions on what i always tell you to listen to before you pull the trigger, the conference call it felt like the vast majority were critical, critical in tone. mildly critical, some extremely critical, not as constructive as i would have liked they picked this to pieces, individually it's no big deal mountain due wew was perfect anp nearly reaffirmed the forecast between the lack of a guidance boost and the sour questioning, the stock reversed closing less than a dollar but really nasty and what happened is from when you have that kind of reversal, it created a tremendous amount of negative pin action for all of the companies about the proctors and red hot group suddenly lost our favorite place to hide basf highlighted slowdown as i've told you over and over, mon money and a vacuum fast growth that does not need a strong economy to make numbers these tech companies are about making businesses more productive using the clo

pepsico goes higher. you think i'm done, you're out of your mind let's go to betsy in california. >> caller: jim, thank you so much for teaching me how to do my own homework. >> yes, yes, yes >> caller: here's the deal i never heard you talk about this particular stock and in addition to mastercard, i wanted something with great margins, great dividend and great return. i'm talking about blackstone, bx >> candidly, candidly, here's what happened there. i recommended, recommended, recommended and then they announced that change in structure. going from lp to a regular corporation. and i said that was it i want to take the -- let's take the money off. that was a mistake it's going to continue to go higher thank you, stephanie link, for informing on that. i was too quick to take the profit stay in. listen, i got it wrong but i had a huge call. let's go to curtis in north carolina curtis >> caller: mr. cramer. thank you for taking the called today in the land of the free and the home of the brave and a great

howard schultz gave 7.5 presidential dollars to help fund thefft and port partners include jp morgan ase,pepsico, walmart, prudential, the private sectoro stepping up help veterans put their best feet forward. in syracuse, contessa brewer , "nightly business report." >> that is "nightly business report" tonight. i'm thanks for joining us. >> i'm bill griffeth. we finish the week for a record for the s&p andq the nasd we have a fed meeting next week as well. have a great weekend. see you monday. ♪ ♪ woman: this is "bbc worldews america." the freeman foundation; by judy and peteblum-kovle, pursuing solutions for america's neglected needs; and by contributions to this pbs station from viewers like you. thank you. ♪ >>

second-quarter earnings season kicks off with pepsico set to report before the bell. levi strauss also reports today. stocks retreated yesterday amid uncertainty over whether the fed will cut its key interest rate. the dow tumbled 115 points. the s&p 500 dropped 14, and the nasdaq fell 63. >>> some workers at an amazon warehouse in minneapolis say they'll hit the online retail giant with a strike on its heavily touted prime day which begins next monday. e ribeorganid by a group advocating for somali and east african workers. employees at amazon's nonunion facilities in minnesota began complaining publicly last year about harsh working conditions there. >>> meanwhile, to accommodate the growing trend of online shopping, kohl's will begin accepting amazon returns at its more than 1,100 stores. the retailer will pack, label, and ship the returns for free hoping it will benefit millions of shoppers and draw customers into its stores to make purchases. the rollout is timed for the back-to-school shopping season. >>> and there's an unexpected consequence to the ongoing trad

pepsico delivered the richest high-grade bond yield in 2019. investors could not get enough with interest growing to the $32 billion deal size. in europe, expectations for new ecb stimulus fueling investor appetite for high-yield, interim maybe upsizing its seven-year deal to 8 million euros, priced to yield, 3.5%. let's stick in the eurozone where ecb president mayor draghi painted a gloomy outlook for the european economy. draghi: generally speaking, you have resilience in the service sector. at the same time, this outlook is getting worse and worse. and it's getting worse and worse in manufacturing especially, and it is getting worse and worse in those countries where manufacturing is very important. but because of value chains, this propagates all over the eurozone. jonathan: still with us are marilyn watson, bob michele, george bory. i want to pick up on those lines from ecb president mario draghi and bring you a quote from the president over in germany earlier this week, saying the following. "what is worrying is the weakness in manufactu

due pepsico earnings are before the bell. romaine: i'll be watching levi strauss reporting earnings. "bloomberg technology" is up next. joe: have a great evening. romaine: this is bloomberg. ♪ we're the slowskys. we like drip coffee, layovers- -and waiting on hold. what we don't like is relying on fancy technology for help. snail mail! we were invited to a y2k party... uh, didn't that happen, like, 20 years ago? oh, look, karolyn, we've got a mathematician on our hands! check it out! now you can schedule a callback or reschedule an appointment, even on nights and weekends. today's xfinity service. simple. easy. awesome. i'd rather not. ♪ chang in sanily francisco and this is bloomberg technology. growing trade tensions between japan and south korea. we will discuss which companies are getting hit hardest by japan's export restriction. apple downgraded. the fifth celebrating, the most -- the fifth sell

pepsico posted better than expected revenues. it benefiting from snacks, waters and juices. the cfo will join squawk on the street at 9:10 a.m. eastern time richard branson's virgin galactic is going public the company striking a deal to merge with the public investment vehicle sponsored by chamath palihapitiya social capital. the special purpose acquisition company will own up to 49% of the company. palihapitiya will invest $100 million once the transaction is completed. they will join us live in just about 15 minutes time, 7:15 a.m. eastern time here on "squawk." in other news, piper jaffray nearing a deal to buy sandra o'neill. the price about $485 million in cash and stock. >>> more consolidation among the smaller investment banks. >> yes. >> kind of a similar move. >>> lawmakers may have another high hurdle to deal with by the end of the summer. elon moye joins us with more. >> the deadline to raise the debt ceiling could be a lot closer than investors realized the the bipartisan policy center says there's a significant risk that nation reaches its borrowing limit in ea

pepsico found a brace pot in mountain dew. they have created -- found a --it is selling so well that they can keep the refueling cap in stock. sodanot a so trigger -- drinker, but they have found a way to target gamers. joe: we created this innovative -- they created this innovative cap and it is working. romaine: maybe it is just some young person they hired, twisting a cap off of a bottle is too much work. coming up, health care is top of the agenda for the trump administration. he is angling for a dialysis overall. this is bloomberg. ♪ hey! i'm bill slowsky jr., i live on my own now! i've got xfinity, because i like to live life in the fast lane. unlike my parents. you rambling about xfinity again? you're so cute when you get excited... anyways... i've got their app right here, i can troubleshoot. i can schedule a time for them to call me back, it's great! you have our number programmed in? ya i don't even know your phone anymore... excuse me?! what? i don't know your phone number. aw well. he doesn't know our phone numbe

pepsico and levi's are among the first to report on tuesday while delta air lines is on thursday. now, the s&p 500 has been on a winning streak of late. will that momentum continue once companies start to turn in their results? also, federal reserve chairman jerome powell testifies for two days before congress starting on wednesday. wall street will be paying close attention to see what he has to say about the fed's position on interest—rate policy. now, his comments come after a strong jobs report forjune, which raised questions about whether america's central bank would actually cut rates this month. and there's inflation data expected out on thursday and friday. joining us is justin urquhart—stewart, director of seven investment management. hejoins us. welcome he joins us. welcome to the programme. pleasure, thank you. we are talking about greece today, after a snap election, a real move, shift away from the left for greece. there may be political change but the economy is still in the same dire straits. you can see these headlines at the moment, you had a left—wing gover

earnings news, the growing popularity of healthy snacks and beverages is expected to boost sales for pepsico when it reports its second—quarter results. also riding the blue wave, denim, that is, levi strauss is expected to post a rise in second—quarter revenue. that‘s as denim‘s popularity surges. all eyes will, however, be on what the company has to say about tariffs and its exposure to levies. 0n the economic front, it‘s pretty light. more to come later in the week. let‘s unpack that a bit further. that is michelle in new york. joining us is supriya menon, senior strategist at pictet asset management. good morning, supriya menon. good morning, supriya michelle saying there will be more to discuss concerning the us economy later this week and there will be quite a bit to chew on, isn‘t there? week and there will be quite a bit to chew on, isn't there? absolutely, a few things we are watching this week from that perspective. we have chairman powell testifying this week in front of a confessional panel and that will give us an idea of the fed‘s outlook on the economy, the min

pepsico reports tomorrow, right? pepsico is going for 108 to 133. why? i think it is the ten year you had a 1% acceleration in growth but the ten year provided most of that gate i think we'll find out whether we'll see the conagras or whether we're going to seat c ie coca-colas pepsico is really important. no one is talking about it it is going to tell you whether we move because of the ten year or move because the fundamentals are better. >> we will see you in about five minutes. look forward to it. >> love this group love the group say hi to -- good to see you. >> good to see you, jim. >> like the shirt. like walter's shirt. >> speaking of walter, more with our guest host walter isaacson coming up in a few moments we'll check the markets, get you owhiy for everything you need to kn ts morning on wall street stay tuned "squawk" is back in a minute they're changing by the nanosecond. that's why cognizant created a unique engineering approach to design and build new digital products. learn how cognizant softvision designs experiences and engineers outcome

pepsico has taken a hold in south africa. that is your business flash update. >> i have to say, a week ago i was sitting here complaining about getting stuck on the subway for an hour and a half. we are staying within the power system great going back to talk about con ed and this heatwave that is going to come. it's going to hit upper 90's this weekend. i'm getting out of town. con ed says the system is ready. they don't see anything that should cause massive blackouts. you are looking at a live shot. >> there's nobody out there. you can't go out there you are sweating. >> what is your favorite ice cream flavor? >> chocolate. me, it's my dna. >> to this heatwave, we are entering a heat emergency. >> i did not know that but i do know that after that big issue with con adhere last week, there is a big concern about how prepared they are. not only in new york but other systems along the east coast. accumulated heat that's not just one day but multiple days, that's a heat map area where are you going where there is something --

doritos boosted results for pepsico. it's been hard for the company to sustain volume growth, especially in the north american beverage unit. that is your latest bloomberg business flash. bsf twotsche bank and of the big reasons the dax is underperforming today. it is certainly being hurt more than most. this is bloomberg. ♪ omberg. ♪ hey! i'm bill slowsky jr., i live on my own now! i've got xfinity, because i like to live life in the fast lane. unlike my parents. you rambling about xfinity again? you're so cute when you get excited... anyways... i've got their app right here, i can troubleshoot. i can schedule a time for them to call me back, it's great! you have our number programmed in? ya i don't even know your phone anymore... excuse me?! what? i don't know your phone number. aw well. he doesn't know our phone number! you have our fax number, obviously... today's xfinity service. simple. easy. awesome. i'll pass. ♪ vonnie: live from new york, i am vonnie quinn. guy: from london, i'm guy johnson. this is "bloom

which ones come to mind we've liked historically in the show 3 m and proctor and gamble and pepsico. we want something with more juice, okay, i think of fang when i see it. facebook, amazon, netflix and alphabet known as google why these? i think that facebook has the ultimate rapidly growing site you provide content and they provide the ads. amazon there is a $4 trillion market for retail goods and amazon only has a small fraction netflix recognizeswhat you wan when you want it game changer. why do i still like this alpha bit? isn't that played out? no, no, no it dominates just the moment you want to buy something so the ad vertizers love it. there is a balance sheet of beauty and people working to avenge something new to plant or compliment search and maybe the autonomous driving vehicles, these are just examples. they are about growth. i know that it seems rather commercial to do what i want done here, but i also think that given how poor income growth has been for so many people in this country, it is important to augment the saving side. there is no time like the prese present.

he's had a number of rather remarkable leadership roles, worked at at&t, coca-cola, pepsico prior to joining united, president of the cxx corporation which moves a lot of heavy stuff around the country. but the focus of this discussion will be oscar's focus on people. as i prepared for this discussion, the consistency with which the descriptions of your leadership have been kind of just anchored in both your employees and your passengers as shone through. and i think, you know, i'm particularly interested in a technicallys capriciousgistically , to say it pleasantly. the fact that we don't get scared flying is remarkable. we've taken what's right and wrong and jammed into these aluminum tubes. it's a pretty remarkable thick that we do. the fact that you've been able to at that moment to really change the culture of the company while achieving more than a 50% increase in stock price sounds pretty cool. and so we're going try to explore that a little bit. i should disclose the introduction by acknowledging how pleased we are to be able to have this series in the honor of the extraordin

west was the former gc of pepsico and the attorney agagena of the united states he's got the best resume ever for this kind of thing remember, he had to clean up the mess left by his predecessor you don't hear much about that mess anymore, do you even though uber is an aggressive company because west gives credibility of congress. deservingly. unfortunately, these companies don't seem to know they need a guy like tony wes to help then get along with regulators and need more former legislators turn lobbyist. i'll take famous athletes. i mean, even the banks know how to do that or else we're liable to end up with the interstate, internet commerce commission with real regulators assigned to these companies. let's go through them one by one. there is alpha bit they have real earnings risk here they remind me of microsoft before it lost the beginning trust 20 years ago there is no escaping google. it determines what you read first not to mention what you see first on youtube a lot of first amendment stuff there. it's congressional per view. one of the reasons i've been a fan is the power that

i'll tell you to stay away and stick with the gross stock like a pepsico or coca-cola the wild card in this market, let's own it it's the government. this administration isn't as friendly to business as i thought. they carved out businesses but these big great american businesses, uh-uh, he's saying no more free passes. on "mad money" tonight, metamorphosis, the caterpillar turning into a butterfly or not and how to profit off the biggest news in washington this week not the mueller hearing and the debt ceiling deal and the major banks aren't the only financials winning here to find out if they continue to climb even after these terrific earnings so stay with cramer >> announcer: don't miss a second of "mad money." follow @jimcramer on twitter have a question? tweet cramer #madtweets. send jim an email to madmoney@cnbc.com or give us a call at 1-800-743-cnbc. miss something head to madmoney.cnbc.com. ♪ limu emu & doug look limu. a civilian buying a new car. let's go. limu's right. liberty mutual can save you money by customizing your car insurance, so you only pay for what you need.

details are straight ahead and earnings from pepsico expected to hit any minute now we'll bring you the numbers and instant reaction from an analyst. it is tuesday, july 9, 2019 and "squawk box" begins right now. ♪ >>> live from new york where business never sleeps, this is "squawk box. >> good morning. welcome to "squawk box." we're live at the nasdaq market site i'm melissa lee along with joe occur in an and mike santoli becky and andrew are on assignment take a check on u.s. futures right now looks like a down opening across the board dow indicated lower 129, s&p looking to be down 14, nasdaq down 55. of course building on the losses in yesterday's session overnight in asia, a negative day across the board hang seng down by three quarters of a percent nikkei managing to eek out a 0.01 gain. in europe, being weighed down by deutsche bank. red arrows across europe and treasury yields, since that jobs report, holding on to 92% level on the ten year and there we are again, 2.068% speaking of hong kong, leader

is that pepsico? it ran too much? pepsico upgraded, i think having a great quarter. azure is terrific. does it deserve to be this high if the economy is slowing? that's the question. >> to the opening bell here. s&p 500 at the cnbc worldwide exchange, big board. at the nasdaq, horizon pharma focused on developing medicines for rare diseases. we should mention parade parades getting under way outside for the women's soccer team. >> they captured the hearts and i know that those of us who coached women's soccer, girls soccer, are proud that it turns out that it was worth it because that's where they learn. when girls had, you know, dads who are out there and have spare time, larry kudlow, we arranged so i could have a week day practice, wednesday, i could take off, so i could practice our kids, so we could go all the way, and, you know what, i took our kids and i had them run around, do laps, i had them work out, i kept them until 8:00, we were about winning >> did you >> you bet we went all the way! we had a girl who broke her arm, in the finals. and i told her to tou

so i think if you look at beyond and impossible, it's going to be a pepsico type of situation, where both companies will do very, very well because of consumer excitement around this space. >> the plant-based milk comparison is interesting, because i'm not sure did somebody get really, really ri rich, were there $10 billion, $15 billion market cap companies built on silk or coconut milk or whatever it was? why would this be different? because it seems like a number of the more traditional brands were able to move into that category and do quite well >> so i think an example of the plant-based dairy sigh is dannon acquired white wave, which was one of the largest plant-based milk producers for north of $10 billion. so there are some very strong exits there. why the difference the meat market is just far bigger than the fluid milk market so for a company like beyond meat that ultimately means, much higher revenue potential >> i guess, john's question is why should the growth in protein match the growth in what beverages did, right could it be different? could it be more >> yeah, so it

pepsico is out with earnings today before the opening bell. it's one of the first major companies to announce second quarter results. analysts are looking for a profit of $1.50 a share on revenue of $16.4 billion. the report follows a blow-about first quarter that pushed the stock to record highs on april 17th. "mornings with maria" will have all the numbers shortly after 6:00 a.m. this morning. today, how about free chick-fil-a? but there is a calf. it is cow appreciation day. that means you can get a free meal at chick-fil-a but you need to show up dressed like a cow or at least wearing a cow accessory. the big give-away goes from opening until 7:00 today. last year, nearly 2 million people showed up for the free food and that is what's happening now. lauren: have you guys ever seen someone dressed up at a cow? they do that every year. cheryl: we did the story last year. we had all those great pictures. tomorrow morning, we promise we'll have all kinds of people dressed up in cow out outfits. lauren: let's take a look at futures in the u.s.

paying down debt after failing to list it's asia business the brewer said they have not given up >>> pepsico is expanding into africa they will buy the outstanding shares of pioneer food group for 1.7 billion. >>> and gannett is working out a deal to combine with gatehouse media. gatehouse media is owned by private equity and is known for aggressively cutting expenses at the titles that it buys. gannett here up 11.3% in the premarket. >>> let's get a check on the morning's other headlines. phillip mena is in new york with the latest getting ready for a heat waive >> we sure are tensions are rising between the u.s. and iran this morning after a u.s. warship destroyed an iranian drone in the strait of hormuz the warship fired on the drone after getting too close and threatening the safety of the ship and its crew. this comes one month after iran shot down a u.s. drone in the same area. >>> president trump says he plans to nominate eugene scalia as his next labor secretary. the nomination comes after secretary alexander acosta was forced to resign following fallout from the jeffrey epstein sex

pepsico is buying the company. $1.8 billion is the value. pepsico making a push into emerging markets. is down more than 6%. it is the biggest loser on the stoxx 600 this morning. the story as they are dropping revenue targets. they are weathering the storm in the u.s.. they are not thinking these big deals in terms of advertising for tv and billboards and they are pushing into digital and that did not make up for the growth in the second quarter. matt: thanks very much. looking at a couple of the big movers in today's session. let's get to some breaking news on bitcoin right now. we are seeing that the u.s. commodity futures trading commission is investigating the cryptocurrency exchange, bitmix. the months long cftc probe is focused on whether it broke rules by allowing americans to trade on the platform, which is not registered with the agency. $10,387 to beg at exact. bitcoin is extremely volatile and we have seen it rise up -- yesterday, we were down at $9,200. today, it is a solid $1000 higher than it was before hours ago. let's get th

feel it is good there is just a lot to like here coca-cola, holy cow, they have better growth than pepsico i haven't seen that in a long time, new products, execution doing well, james quincy putting his mark on things doing fantastic job, stocks will break out. maybe it returns to being the one that people say, you know what, i never got hurt by it and i'm recommending coke. that was a terrific quarter. coke zero is doing well. >> we had a segment about the int travails of harley-davidson. >> losing from overseas and when you do, willie nelson, the correct term, that was willie nelson, that says it all you need some younger willie nelsons. i've not seen them i think harley, once again, long suffering, just not there. >> and got -- >> worst of the morning. >> we have snap and facebook later. what do you think? >> i like facebook very much here i think that's become the de facto way to be able to reach people through instagram i think snap surprises and just continues to surprise. it is a place to advertise it is working. and the people are looking for alternatives alternative places to adv

worked at at&t, coca-cola, pepsico prior to joining united but i think really the focus of this discussion is going to be a lot about oscar's focus on people as i prepared for this discussion, the consistency with which the descriptions of your leadership have been anchored in both your employees and your passengers as really kind of showing through, and i think i'm particularly interested in a field that is technologically complex. logistically capricious, to say it pleasantly. it's scary flying. the fact that we don't get scared flying is remarkable, but we take everything that is right and wrong in american society and jammed it in narrow aluminum tubes and hurled it around the world. it's a pretty remarkable thing we do. the fact that you have been able to at that moment to really change the culture of the company while achieving more than a 50% increase in stock price, is cool. we're going to explore that a little bit. i should close the introduction by acknowledging how pleased we are to be able to have this series and the honor of the extraordinary service of bob and elizabeth dole.

worked at at&t, coca-cola, pepsico prior to joining united as t . but i think really the focus of this discussion is going to be a lot about oscar's focus on people as i prepared for this discussion, the consistency with which the descriptions of your leadership have been anchored in both your employees and your passengers as really kind of showing through, and i think i'm particularly interested in a field that is technologically complex. logistically capricious, to say it pleasantly. it's scary flying. the fact that we don't get scared flying is remarkable, but we take everything that is right and wrong in american society and jammed it in narrow aluminum tubes and hurled it around the world. it's a pretty remarkable thing we do. the fact that you have been able to at that moment to really change the culture of the company while achieving more than a 50% increase in stock price, is cool. we're going to explore that a little bit. i should close the introduction by acknowledging how pleased we are to be able to have this series and the honor of the

pepsico's second-quarter earnings beat estimates. mountain dew and doritos boosting results. higher prices lifting revenue, but it's been hard for the company to sustain volume growth, especially in the north american beverage unit. facebook is facing another blockbuster court fight in europe over privacy. the eu court of justice hears arguments on the legality of tools used by companies to move commercial data outside the region. taponents say eu citizens' da is at risk the moment it gets transferred overseas. facebook argues the data is protected. alix: markets are gearing up for jay powell's testimony before the house financial services committee. many looking for clear signals on possible insurance cuts. the marketgh says has become to dovish -- too dovish. >> i think the market got to dovish -- too dovish on the fed. the idea that they would do 50 basis points in terms of easing in july is too optimistic. ultimately, the fed sees lower inflation and they see slowing growth. the prudent thing is to do 25 basis points. alix: joining me now is stewart kaiser, ubs investment

with a spite selser i'm going to come up with it spite selser is the hottest thing in america even pepsico in europe, when you use soda stream, you use selser and put liquor in it truly is 5% alcohol. the millennials love it that i am going to up end my whole bar menu. >> it's in my fridge. >> it is >> i didn't buy it. >> yes i said, what is the stuff? and judy got to it how do we know it's not a fad? >> that's a great question because i think the constellation is trying to figure that out itself but the -- it came so fast, carl, it was just in everybody's fridge i'm going to have to talk to my kids about why, why but this became so hot that these guys didn't go up in part because canopy and in part because they don't have spikeseltzer. do they drink it with breakfast? what do they do with it? >> i don't know. anything that takes shares back from spirits and liquor will be a plus. >> it's truly a game changer tru-r-u-l-y for those it reminds me of juul. no, i'm done promoting your doc and i'm going to have you on the show this is the big issue of our time are they good actors or bad? juul

pepsico reported a good number i think coca-cola could be interesting. look, in the end it's going to be about amazon and heightened expectations alphabet i think is the most vulnerable if only because alphabet refuses to tell its own story and we don't understand the deceleration about what happened last quarter. why is alphabet not making more money? we can't figure it out double click is the most important source of money going into the web for advertisement and i just don't understand it no one understands it. so maybe they take some time and explain it but i think that alphabet -- google is getting more and more web dollars. now, google web services is not doing as well as amazon and possibly better than azure but they have some explaining to do. they need to tell a better story. if they don't, that's the most vulnerable of the week. >> we would love some clarity about whether or not they have a settlement with the ftc. another friday night story with numbers we can't really judge. >> no, we can't. and there's some new regulations that are coming ou

i like at pepsico, it was a good quarter. for every one of your goods, i can find a bad >> we're going to go to x, autos and chemicals? >> auto is horrible. we have been ex-auto forever phil said there will be a strike that takes off the table the autos. now they'll be bad anyway. david, i'm telling you right now, takeovers will be good too, galapagos, gilead or you know the symantec i'm tell you that. >> i'll have a share on that let's do it now since you mentioned it we have been talking about, of course, broadcom and symantec, a deal we have been following for some time, some significant news to report, talks between the two companies have broken down and they're not talking. shows you jim and i do not talk prior to the show. >> you ruined my thesis. >> he's been saying that in his opinion based on his sources symantec would not accept 28 or less and i can tell you it was because broadcom was in fact not offering 28, but south of that that in fact the two companies are no longer in talks and negotiations have ceased, they

. >> can't underestimate the po s importance of pepsico tomorrow a little bit of a growth rate bump that was deserving of, i don't know, ten points this has been a play on the ten year as much as people talk about tech and banks, this company reports tomorrow morning they have to make the number they have to make the number there is going to be an air pocket let's watch. you know, 6:30 tomorrow. get a sense. i am somewhat concerned because that could be the morgan stanley stock startover value. >> sure. >> but if they deliver the number, boy, you are dpsh. >> which they have a habit of doing. they sure do. >> what's on "mad" tonight >> a very exciting real estate investment trust el dorado merging with caesars and what happened to bruce linton at canopy and how well consolation did with the exception of the losses at canopy bill is a straight shooter they had a good quarter. by the way, you know what the most popular drink is? spiked seltzer sam adams has a -- >> i have not had a spiced seltzer. >> the 21 to 30, they have switched to spiked seltzer. >> something else i did not know until

still, pepsico has seen weakness in its quaker foods north america segment. it's down about .3% but strong year-to-date performance >> definitely one to watch >>> now to some other events on our radar for tomorrow levi is also set to report results. that after the bell. and boeing's june orders and deliveries hit tomorrow morning. let's start with a preview of levi's courtney reagan has that >>> it's the second report since going public in late march analysts expect earnings of 13 cents per share on revenues of $1.297 billion investors will look for continued strength in international sales with improvement in china and when it comes to tariffs on levi's goods, that are manufactured in china and imported into the u.s., levi's recently said the impact is negligible guggenheim analyst bob durble, expects growth in the direct-to-consumer business which he estimates would expand gross margins by as much as 100 basis points shares of levi up 35% since the public debut that outpaces the xrt retail etf down 4% in the same time frame >> thank you so much >>> boeing i

still, big names to keep an eye on tuesday you have pepsico look at that snack and beverage giant's mix of products and how they're growing things levi one of this year's best ipos and performers. bed bath-an & beyond, and next week remember, following that week we have all the big banks reporting. citigroup and goldman sachs on that following monday and tuesday we have what's happening with jpmorgan and wells fargo as well as dow component johnson & johnson. >> things coming down expectations-wise. definitive tracks earnings estimates, we could see earnings grow by nothing. zero percent growth earnings per share when it comes to this particular earnings season coming up in q2. revenue side, ratcheting down. 3.6% entering now up for revenue growth looking, melissa, just how much expectations are coming down, even ceos and cfos are taking down their expectations. the number of s&p 500 companies, there's been about 113 of them issued guidance for earnings, 77% reduced or said they will come in below analysts forecasts. looking to be more cautious seems everybody, melissa, on wall street i

. >> well, look, we both know we have companies doing great things let's take pepsico that quarter was good. some nitpicking on it. you buy a good company like that, with the fed giving you yesterday's fed news, meaning might not be a cut an opportunity here is the stock that is down that's what i'm talking about. i think you and i both know, we can play this parlor game what the fed will do forever. the futures move up. but if we buy the high quality companies that do good this quarter, we're going to make money and you know if we buy the companies that will miss a quarter, doesn't matter about the futures. we'll get hurt i'm trying to caution people, don't buy a stock because the futures are up >> we earlier we were talking, i still would like to know whether the fed is, you know, just responding to things or causing things i mean, are we -- are they inflating a bubble or are they just responding to low inflation with what they should be doing and these are great times. >> don't you think this was a larry kudlow statement larry could have written it from what the -- from the intervie

we heard from pepsico, which was better than expected. the preannouncements will drive sentiment as we go into the reporting season. we'll see what the economy looks like from that standpoint. the journal story this morning, we could see a deal in the financial services industry, piper to buy sandler o'neil, according to the wall street journal. we'll see what comes out of that. >> right. consolidation, we're seeing it across many industries and we have to see where that goes. maria: yeah. all right. we've got a big show this morning. coming up, the former commissioner of the mlb, bud seelig is here. fans are gearing up for the all-star game. plus, sky bridge capital founder, anthony scaramucci is joining us as well as carlos gutierrez is joining us along with jeff van drew. don't miss a moment of it this morning as we continue to watch all of the breaking stories of the moment. top story this hour is the tension with tehran. iran is threatening further action to breach the 2015 nuclear agreement if the u.s. does not relieve the sanctions

starting next year pepsico will start selling aquafina in cans. part of the plan to make all the packaging recyclable and biodegradable by 2025. >>> star bucks putting a new twist on frappuccino. the drink is yellow, red and blue but the flavor is unknown. starbucks has not confirmed the drink. back to you guys. ainsley: thank you, jillian. let's bring in donna brazile, fox news contributor, former dnc interim chair. >> i'm back on the couch. griff: champion at cornhole. ainsley: neither one made it in the hole. you made it the closest. >> during my practice session was really hot. i was so hot i think the temperatures tomorrow might rise. brian: wow. wasn't regulation distance i will give you credit for winning. >> thank you. brian: talking about something historic when the president of the united states went across-border, made a tweet, do you think that was a good move for the country? >> i'm for diplomacy. he called it progress. we'll see. i am glad they will be able to talk again. we need to talk to north korea. we also need our allies with u