It's Tuesday, October 20th. Welcome to Market Foolery. I'm Chris Hill with me today, the one and only Bill Barker.

Thanks for being here.

Thanks for having me. We've got another, yet another tech company that is benefiting from people working from

home. Uncle Sam is suing Google. We will get to that. We're going to start

with Consumer Stapels. Procter and Gamble sales in the

first quarter rose 9%. The company raised revenue guidance for the full fiscal

year and shares of Procter and gamble up around 1.5% which is not a lot but just enough

that that stock is hitting an all-time high.

Yeah an outstanding quarter largely a margin story on the outstanding part.

You know, they sold 7% more in terms of volume, about 9% total.

So that's not extraordinary, but it's good in this economy.

People are cleaning both their homes

and themselves more, actually.

And the thing that Procter and Gamble has going for it is that it is I think the best margin quarter that I could find over the last 15 years.

So it is not forced into discounting right now. There are not a lot of

promotional sales that it has to make. People are still going to the stores, paying

full price for a lot of a lot of their goods and they are not

in the position where they have to raise salaries at the moment or you know they've done very well at keeping costs down so

between those two being able to charge what they want to charge for their

products and doing it more efficiently, a great quarter.

Great quarter, and if they're not spending more money on salaries,

John Moller, who's the chief operating officer and the CFO, made it very clear they are going to be spending more on marketing because they look at the current environment.

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