byron wien our guest, vice chairman of blackstone. we have green arrows and good news from pepsi and transitional year, con how people are going to be taking that, we should look at that in a little bit. >> the futures improving a little bit, marginally. let's continue what andrew was saying about the pepsi earnings, eps of 115 versus analyst expectations of 113. there is always a but, the can. is aannouncing it will cut 8,700 jobs, that's about 3% of its global workforce. pepsi chairman and, krerks o indra nooyi spoke to us in the last hour about those job cuts. >> these 8,700 people are going to come from 30 countries across the world and it's really going to be spread out, and the most important thing to keep in mind in any one year on a net basis, pepsico hires maybe 10,000, 15,000 people on a net basis, and even though we're going to be laying off 8,700 people as a company overall, pepsico will be hiring people globally, because we have many markets with growth in the mid teens and low 20s. >> nooyi also said the north american b