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Aug 26, 2024
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i will mention briefly, safeway here is owned by albertsons. of people say, oh, we don't have kroger. you know, in the bay area, we have albertsons. this will affect us here in the bay area. that having been said, what do you think the impact of a merger would be on consumers if it were to go through? >> well, i think it depends on your perspective. the ftc is taking a very traditional, narrow view of the market, claiming that albertsons and kroger compete head to head and therefore this merger is anti-competitive. kroger's and albertsons, on the other hand, say that one of the reasons they want to do this deal is to better compete with the costco', the sam's clubs, the aldi's, the amazons and the trader joe's of the world and the ftc does not recognize that those other competitors are in the market. so much will depend on the testimony and whether the judge agrees with kroger's and albertsons that they need to do this deal to better compete with amazon and aldi's, or if they agree with the ftc that there is such a thing as a traditional superm
i will mention briefly, safeway here is owned by albertsons. of people say, oh, we don't have kroger. you know, in the bay area, we have albertsons. this will affect us here in the bay area. that having been said, what do you think the impact of a merger would be on consumers if it were to go through? >> well, i think it depends on your perspective. the ftc is taking a very traditional, narrow view of the market, claiming that albertsons and kroger compete head to head and therefore this...
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Aug 16, 2024
08/24
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a deal under by kroger and albertsons. laura davidson is here with more. she will lay out, is this something she is continuing from the biden administration or are these fresh proposals? laura: this is her first foray into distinguishing herself and putting out new ideas. this is a recognition that inflation and food prices in particular are one of the top issues for voters even though the monthly inflation numbers have cooled, consumers are thinking about what things used to cost four years ago. food prices have increased 20% over the course of the biden administration. voters are thinking about whether to vote for harris or stick with trump. scarlet: i mourn the loss of sub-10 dollars lunches in new york. we know harris is promising to target price gouging and price-fixing within her first 100 days of office if she gets there but there is also talk of price controls. price controls do not have a great track record in the u.s. laura: this is controversial. trump called this a communist-type proposal. this has not been done on a federal level. a lot of the
a deal under by kroger and albertsons. laura davidson is here with more. she will lay out, is this something she is continuing from the biden administration or are these fresh proposals? laura: this is her first foray into distinguishing herself and putting out new ideas. this is a recognition that inflation and food prices in particular are one of the top issues for voters even though the monthly inflation numbers have cooled, consumers are thinking about what things used to cost four years...
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Aug 24, 2024
08/24
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that would only be a kroger/albertsons if this merger happens.in, that is just looking at traditional marketing overlooking things like walmart, target, which offer groceries that people buy frequently, again, the online marketplace. it also overlooks that part of antitrust deals often investors, and that is just a fancy way of saying that kroger's and albertson's would come as part of the deal, would likely be required to sell some of their stores to a third company, actually, to prevent the concerns about there being these areas, these deserts of no competition in the grocery marketplace. that is another thing often lost in this debate, that there are mechanisms for mitigating monopolistic concerns. this deal would potentially include those. host: we are talking with jarrett dieterle of the r street institute about the -- about price gouging, rising food prices, and how vice president kamala harris plans to fight that. if you have a question or comment for him, you can start calling in now. the lines, (202) 748-8001. democrats, (202) 748-8000.
that would only be a kroger/albertsons if this merger happens.in, that is just looking at traditional marketing overlooking things like walmart, target, which offer groceries that people buy frequently, again, the online marketplace. it also overlooks that part of antitrust deals often investors, and that is just a fancy way of saying that kroger's and albertson's would come as part of the deal, would likely be required to sell some of their stores to a third company, actually, to prevent the...
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Aug 24, 2024
08/24
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that would only be a kroger/albertsons if this merger happens.gain, that is just looking at traditional marketing overlooking things like walmart, target, which offer groceries that people buy frequently, again, the online marketplace. it also overlooks that part of antitrust deals often investors, and that is just a fancy way of saying that kroger's and albertson's would come as part of the deal, would likely be required to sell some of their stores to a third company, actually, to prevent the concerns about there being these areas, these deserts of no competition in the grocery marketplace. that is another thing often lost in this debate, that there are mechanisms for mitigating monopolistic concerns. this deal would potentially include those. host: we are talking with jarrett dieterle of the r street institute about the -- about price gouging, rising food prices, and how vice president kamala harris plans to fight that. if you have a question or comment for him, you can start calling in now. the lines, (202) 748-8001. democrats, (202) 748-8000
that would only be a kroger/albertsons if this merger happens.gain, that is just looking at traditional marketing overlooking things like walmart, target, which offer groceries that people buy frequently, again, the online marketplace. it also overlooks that part of antitrust deals often investors, and that is just a fancy way of saying that kroger's and albertson's would come as part of the deal, would likely be required to sell some of their stores to a third company, actually, to prevent the...
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Aug 26, 2024
08/24
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we also want to talk about kroger and albertson's.im and he talked about this deal previously but now it's heading to federal court, the ftc trying to block the merger, and it's worth spending some time. >> oh yeah. >> but the first thing we're going to spend a little time on is the markets. of course, following friday's rally, that was sparked by this comment from fed chair powell at jackson hole. >> the time has come for policy to adjust. the direction for travel is clear and the timing and pace of rate cuts will depend on incoming data, the evolving outlook, and the balance of risks. >> all right, you were out on friday, enjoying a well-earned summer friday. >> thank you so much. >> give us your thoughts in terms of the market reaction. obviously, we're getting a cut in september. there's virtually no doubt about that. there is still some debate as to whether it's going to be 50 basis points or 25. >> well, i will say that there was a belief coming into the meeting that it paid off maybe to be short, because there would be actual m
we also want to talk about kroger and albertson's.im and he talked about this deal previously but now it's heading to federal court, the ftc trying to block the merger, and it's worth spending some time. >> oh yeah. >> but the first thing we're going to spend a little time on is the markets. of course, following friday's rally, that was sparked by this comment from fed chair powell at jackson hole. >> the time has come for policy to adjust. the direction for travel is clear...
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Aug 27, 2024
08/24
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kroger and albertson's is more than just kroger and albertson's. they own ralph's, smith's. include shaw and safeway. they say there isn't much overlap so shutting down locations is unlikely, sade. >> sade: okay. thank you so much, eva. big deal. >> gio: we're gonna turn now to one player making mlb history playing for both teams in the same game. will reeve is here to explain it all. i'm gonna need a flow chart here. >> good morning. there's always history being made in baseball. right now aaron judge is hitting home runs at a record clip. ohtani is on pace to be the first to hit 50 home runs and steal 50 bases. what happened yesterday is unprecedented and it seems impossible, but it happened. >> major league history will be made in game 1. >> reporter: this morning danny jansen making baseball history by becoming the answer to the ultimate trivia question. who's the first major league player to play for two teams in the same game? >> danny traded a month after that game. he will be in the history book today, going from batting for toronto to catching for the red sox in the
kroger and albertson's is more than just kroger and albertson's. they own ralph's, smith's. include shaw and safeway. they say there isn't much overlap so shutting down locations is unlikely, sade. >> sade: okay. thank you so much, eva. big deal. >> gio: we're gonna turn now to one player making mlb history playing for both teams in the same game. will reeve is here to explain it all. i'm gonna need a flow chart here. >> good morning. there's always history being made in...
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Aug 30, 2024
08/24
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that is what you have with the kroger and albertsons merger. out competition in so many cities and towns, jack up the price for basic items. the testimony provided by their own director of pricing reveals that. that is their strategy. they want to crush all the competition. most people sitting at home say what do you do about it? thankfully, we do have a biden/harris administration that is going aggressively at price-fixing bike corporate monopolies trying to break up not only kroger and albertsons but ticketmaster, apple, google, amazon, large conglomerates, so that small businesses can thrive. as a result, if we stay on this track, harris has pledged in her presidency, she will continue on the price gouging. there's so much more to investigate and go after. >> i'm glad you brought it up again, there is this email that we saw during the hearing, the head of pricing at kroger said, "on milk and eggs, retail inflation has been significantly higher than cost inflation." translation, we raised prices more than we needed to. then a kroger spokesper
that is what you have with the kroger and albertsons merger. out competition in so many cities and towns, jack up the price for basic items. the testimony provided by their own director of pricing reveals that. that is their strategy. they want to crush all the competition. most people sitting at home say what do you do about it? thankfully, we do have a biden/harris administration that is going aggressively at price-fixing bike corporate monopolies trying to break up not only kroger and...
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Aug 27, 2024
08/24
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., kroger and albertsons, want to merge, but the government says not so fast.ns joins me now. >> it's a manuel food fight. the u.s. government is trying to stop in court a major merger between albertsons and kroger. these are the second and fourth largest grocery store chains in the united states. maybe you don't recognize those two names, maybe they're not in your neighborhood. if you look here you can see how prolific the brands are for these two grocery store chains. it would be the largest grocery store merger in history. the foundational thinking here from the companies is that together they would have more scale to compete with the likes of costco and walmart. walmart, by the way, is the largest grocery store chain in the united states, largest seller of just about everything in the united states. albertsons and kroger think they need to be together to scale up and meet that competition. that is not the view of the united states government. the ftc thinks that this is antitrust and bigger is not better, that furor companies means less competition and that
., kroger and albertsons, want to merge, but the government says not so fast.ns joins me now. >> it's a manuel food fight. the u.s. government is trying to stop in court a major merger between albertsons and kroger. these are the second and fourth largest grocery store chains in the united states. maybe you don't recognize those two names, maybe they're not in your neighborhood. if you look here you can see how prolific the brands are for these two grocery store chains. it would be the...
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Aug 16, 2024
08/24
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albertsons owns safeway.a live look at the new york stock exchange as trading gets underway. you can see that we're down about 40 points. >> new this morning. abc is making it official. danny eugene levy will be hosting this year's emmys. we first told you last week that the two were rumored to be the favorites to host the ceremony. both are emmy winning actors and producers, and this is the first time a father and son duo will host tv's biggest night. prior to the emmys, you can see eugene levy on the new season of hulu's comedy only murders in the building on august 27th. the emmys air on abc september 15th. if you're looking for a unique stay, check out this glass hotel room in ibiza. two guests found themselves unprepared when they booked a stay there. all they knew the first night was free when you booked, but they didn't understand that this was an art hotel. so that means the guests become a part of a live art exhibit. they are constantly on display in the lobby hotel. know the guest said she would hav
albertsons owns safeway.a live look at the new york stock exchange as trading gets underway. you can see that we're down about 40 points. >> new this morning. abc is making it official. danny eugene levy will be hosting this year's emmys. we first told you last week that the two were rumored to be the favorites to host the ceremony. both are emmy winning actors and producers, and this is the first time a father and son duo will host tv's biggest night. prior to the emmys, you can see...
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Aug 27, 2024
08/24
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government is trying to stop in court a major merger between albertson's and kroger. second and fourth largest grocery store chains in the united states, and maybe you don't recognize those two names. maybe they're not in your neighborhood, but if you look here you can see how prolific the brands are for these two grocery store chains. together it would be the largest grocery store merger in history, and the foundational thinking here from the companies is that together they would have more scale to compete with the likes of costco and walmart. walmart, by the way, is the largest grocery store chain in the united states. it is the largest seller of just about everything in the united states, and it leads albertson's and krogers to think they need to be together to scale up and meet that competition. now, that is not the view of the united states government. the ftc, a newly muscular ftc under the biden administration, think this is antitrust. they think that bigger is not better, that fewer companies means less competition and that could be bad for consumer prices and
government is trying to stop in court a major merger between albertson's and kroger. second and fourth largest grocery store chains in the united states, and maybe you don't recognize those two names. maybe they're not in your neighborhood, but if you look here you can see how prolific the brands are for these two grocery store chains. together it would be the largest grocery store merger in history, and the foundational thinking here from the companies is that together they would have more...
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Aug 27, 2024
08/24
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government versus kroger and albertson's. lot of other things to talk about here, we will hit paramount, may be the last week that edward bronfman drops it. 18 months from now -- >> tv show. >> very similar to a very hip tv show from the '90s. >> when i was doing buybacks. >> when i was doing buybacks. ♪ tamra, izzy and emma... they respond to emails with phone-calls... and they don't "circle back" they're already there. they wear business sneakers and pad their keyboards with something that makes their clickety- clacking... clickety-clackier. but no one loves logistics as much as they do. you need tamra, izzy and emma. they need a retirement plan. work with principal so we can help you with a retirement and benefits plan that's right for your team. let our expertise round out yours. >>> all right. let's talk a little pair roment st paramount stocks going to be down ever so slightly. the news hit last night. becky quick bringing it to people. edward bronfman saying i'm not. opportunities for paramount nearly over eight months
government versus kroger and albertson's. lot of other things to talk about here, we will hit paramount, may be the last week that edward bronfman drops it. 18 months from now -- >> tv show. >> very similar to a very hip tv show from the '90s. >> when i was doing buybacks. >> when i was doing buybacks. ♪ tamra, izzy and emma... they respond to emails with phone-calls... and they don't "circle back" they're already there. they wear business sneakers and pad...
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Aug 19, 2024
08/24
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. >> have a merge between kroger and albertsons my parents worked for albertsons careers when companiesonopolies antitrust laws needed to be enforced north of 80% american people want antitrust laws enforced that is what the biden-harris administration right now is looking at with potential have merger when they will do to laws kamala harris talking about enforcing american people may not be for antitrust laws, leaders may not but american people are they are tired of -- >> look hold on hold on hold on i am not talking about antitrust at all this is you are taking ming into a different conversation i am talking specifically about price-gouging, okay? what you are doing you are looking to the future, about hold on you are looking to future about a potential merger we are talking about here and now talking about the fact that kamala harris hold on hold on kamala harris has said that there is price-gouging going on i have not seen any price-gouging i would like to know if you have seen any because so far, what we see is hold on hold on what we have seen is seven trillion dollars in spendin
. >> have a merge between kroger and albertsons my parents worked for albertsons careers when companiesonopolies antitrust laws needed to be enforced north of 80% american people want antitrust laws enforced that is what the biden-harris administration right now is looking at with potential have merger when they will do to laws kamala harris talking about enforcing american people may not be for antitrust laws, leaders may not but american people are they are tired of -- >> look...
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Aug 26, 2024
08/24
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the kroger albertson supermarket merger goes to trial this week.fect backdrop for dam la harris war on -- kamala harris war on business and what's wrong with the socialist plans. third hour of varney starts now. ♪ ♪ stuart: steve forbes is with us this monday morning. steve, i'll start with -- i want to bring in jason katz on this as well. have price controls ever worked? >> no. roman emperor that try it had a couple thousand years ago failed miserably. they base their currency, very, very simple and the governments always have scapegoats and roman times it was christians and media times it was riches and today it's big pharma or big whatever much the only big thing the left believes in is government. stuart: got it. jason. are price controls, the whole idea of price controls bad for business and bad for the economy? and bad for the market? >> it would be a colossal mistake. businesses sometimes a game of opposites. if you curb prices on food in particular, you're sourcing a lot less goods. if there's no competition, then consumers have less of an
the kroger albertson supermarket merger goes to trial this week.fect backdrop for dam la harris war on -- kamala harris war on business and what's wrong with the socialist plans. third hour of varney starts now. ♪ ♪ stuart: steve forbes is with us this monday morning. steve, i'll start with -- i want to bring in jason katz on this as well. have price controls ever worked? >> no. roman emperor that try it had a couple thousand years ago failed miserably. they base their currency, very,...
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Aug 30, 2024
08/24
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will just try to be greedy and take as much as they can get, and that's what you have with the kroger albertson'sr. they want to drive out competition in so many towns and cities across america, jack up the prices for basic items. and the testimony revealed by their own director of pricing reveals their strategy. they want to crush all competition. and most people sitting at home say what do you do about it? thankfully we have a biden-harris administration going at price-fixing trying to break up places like ticket master, apple, google, large conglomerates so that small businesses can thrive. as a result, if we stay on this track, harris has pledged in her presidency she'll continue on the price gouging, and there's so much more to investigate and go after. >> and faz, i'm glad you brought it up again. there's this e-mail we saw during the hearing. the head of pricing at kroger said, quote, on milk and eggs retail inflation has been significantly higher than cost inflation. translation, we raised prices more than we needed to, but then a kroger spokesperson told bloomberg, quote, this cherry pic
will just try to be greedy and take as much as they can get, and that's what you have with the kroger albertson'sr. they want to drive out competition in so many towns and cities across america, jack up the prices for basic items. and the testimony revealed by their own director of pricing reveals their strategy. they want to crush all competition. and most people sitting at home say what do you do about it? thankfully we have a biden-harris administration going at price-fixing trying to break...
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Aug 26, 2024
08/24
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right now in the premarket as a child will get underway both kroger and albertson's unchanged in thel next year as nasa decides it's too risky to retrieve them using boeing starlight or capsule this is the latest blow to the troubled aerospace company. a series of helium leaks and thruster failures made the starfighters mission to retrieve asked her nights butch wilmore and cindy williams difficult and unsafe as they wait at the space station. nasa decided they will now have to wait longer and plans to use the spacex capsule in february to get the pair back home, the starliner will detach from the iss next month and land via autopilot and new mexico. some boeing employees are reportedly humiliated that spacex will be used to rescue the astronauts. one employee telling the new york post we've had so many embarrassments lately were under a microscope this made it like 100 times worse. we hate spacex it's shameful, i'm embarrassed and horrified. speaking of spacex, the company how lyrist don spacewalk mission will take off this week marking the first time a private company will conduct
right now in the premarket as a child will get underway both kroger and albertson's unchanged in thel next year as nasa decides it's too risky to retrieve them using boeing starlight or capsule this is the latest blow to the troubled aerospace company. a series of helium leaks and thruster failures made the starfighters mission to retrieve asked her nights butch wilmore and cindy williams difficult and unsafe as they wait at the space station. nasa decided they will now have to wait longer and...
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Aug 26, 2024
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stuart: kroger in albertsons.urt today was the ftc's argument against the steel, big is bad. >> a $25 billion deal, the argument it's bad for shoppers and bad for workers. they save the two food stores merge, the shopper already battling inflation even more for groceries, the chains are saying we need to combine to negotiate better deals with our suppliers and compete against walmart and costco. the ftc also says they're going to get the bad end of the steel because the unionized bargaining power. that's interesting. in the high-profile ftc going after merger using labor market theory, the trial, the case goes to trial in oregon and expected to last three weeks. stuart: what is this about uber being fired a large amount of money like $300 million in europe, what are they supposed to do. >> 225 million by benevolence data protection watchdog they transfer data from europe to the u.s. without proper protection, the dutch regulators that were collected sensitive information like medical records and photos and that's
stuart: kroger in albertsons.urt today was the ftc's argument against the steel, big is bad. >> a $25 billion deal, the argument it's bad for shoppers and bad for workers. they save the two food stores merge, the shopper already battling inflation even more for groceries, the chains are saying we need to combine to negotiate better deals with our suppliers and compete against walmart and costco. the ftc also says they're going to get the bad end of the steel because the unionized...
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Aug 16, 2024
08/24
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that is double what it previously pledged to cut it albertson's stores.v -- it is an effort by kroger to compete with amazon and walmart. resort world las vegas has been accused of catering to individuals with ties to organized crime. the nevada gaming control board has filed a complaint alleging the property welcomed people with suspected or actual ties to illegal bookmaking and histories of federal felony commissions. bloomberg has learned seagram air is close to making an offer for paramount global, setting up a potential bidding war for the entertainment company. sources say bronfman is weighing a bid for the company as well as paramount itself. bronfman's group is framing his deal as a better choice for investors. lisa: up next, the morning calls plus more insight into the consumer with earnings from target and macy's ahead. we got walmart and that was a boon for the consumer. that is coming up next. this is bloomberg surveillance. ♪ so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air
that is double what it previously pledged to cut it albertson's stores.v -- it is an effort by kroger to compete with amazon and walmart. resort world las vegas has been accused of catering to individuals with ties to organized crime. the nevada gaming control board has filed a complaint alleging the property welcomed people with suspected or actual ties to illegal bookmaking and histories of federal felony commissions. bloomberg has learned seagram air is close to making an offer for paramount...
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Aug 30, 2024
08/24
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albertson's ceo vivek will testify before end of the week and ceos of kroger and cns wholesale grocersassets produced by the merger, are also expected to testify in coming days. at stake in this hearing is a preliminary injunction by a judge that would block the merger, which would create a $200 billion entity. getting that injunction would be a big win for the federal trade commission. i'm told he will likely argue the ftc is wrong about his competitors and that albertsons competes with costco, trader joe's even whole foods and also likely to say the company is not likely to survive in its current form if the merger doesn't go through and severe consequences if the ftc is successful here, could include layoffs. scaling down operations or selling off portions of the business. now, one area where we think he will be on the defensive is albertson's decision to issue a $4 billion dividend to shareholders last year arguably depleted the company's resources at a critical time. that dividend benefited private equity shareholders and bashed as "looting" of the company by critics at the same.
albertson's ceo vivek will testify before end of the week and ceos of kroger and cns wholesale grocersassets produced by the merger, are also expected to testify in coming days. at stake in this hearing is a preliminary injunction by a judge that would block the merger, which would create a $200 billion entity. getting that injunction would be a big win for the federal trade commission. i'm told he will likely argue the ftc is wrong about his competitors and that albertsons competes with...
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Aug 30, 2024
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i'm sure you will hear about albertsons dividend payout to its investors last year.lthough the government could say, look, while people were paying high prices at the grocery store, investors were getting a share of the profits, instead of the profits being spent to lower prices for consumers. two world views here. you have the companies saying to compete against costco and walmart, we need to together together. the government is saying no, no, bigger is not better for consumers. >> and it affects so many people. thank you so much. we appreciate it. >>> next, back to the courtroom. this time in california. califo. what tractor supply customers experience is personalized service. made possible by t-mobile for business. with t-mobile's reliable 5g business internet. employees get the information they need instantly. this is how business goes further with t-mobile for business. we're trying to save the planet with nuggets. this is how business because we need the planet. and we also need nuggets. impossible. we're solving the meat problem with more meat. >> woman: why d
i'm sure you will hear about albertsons dividend payout to its investors last year.lthough the government could say, look, while people were paying high prices at the grocery store, investors were getting a share of the profits, instead of the profits being spent to lower prices for consumers. two world views here. you have the companies saying to compete against costco and walmart, we need to together together. the government is saying no, no, bigger is not better for consumers. >> and...
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Aug 27, 2024
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. >>> kroger and albertsons are defending a planned merger in federal court. u.s.llion deal. it would be the largest supermarket merger in american history. the ftc alleged it would limit competition and raise prices. the two companies argue the objection would force them to lay off workers and close stores. >>> apple fans, look out. the tech giant is set to unveil its latest product models early next month. the promotional event will be streamed online on september 9th. it will likely feature the rollout of the latest iphone, digital watch, and airpods before they're commercially available. >>> and olive garden's never-ending pasta bowl is back. starting today until november 17th, the restaurant chain is offering the deal at locations across the country. $13.99 will get you endless pasta, unlimited breadsticks, plus a super salad. that's your "cbs moneywatch" report for this tuesday morning. i'm shanelle kaul, cbs news, new york. >>> well, up next, a frightening fall. an aerialist slips during a live performance. ll. an aerialist slips during a live performance. m
. >>> kroger and albertsons are defending a planned merger in federal court. u.s.llion deal. it would be the largest supermarket merger in american history. the ftc alleged it would limit competition and raise prices. the two companies argue the objection would force them to lay off workers and close stores. >>> apple fans, look out. the tech giant is set to unveil its latest product models early next month. the promotional event will be streamed online on september 9th. it...
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Aug 27, 2024
08/24
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also ahead, the supermarket mega merger will kroger and albertsons join forces?his morning we're going to break down what's at stake for shoppers, including inflation and grocery store employees in the discussion. and we have an abc news exclusive on one of the most popular weight loss drugs. the ceo of drugmaker eli lilly tells us about the company's announcement. that could help some users. and we've got the right stuff for back to school. plus, tennis great andy roddick here giving us an insider's look at the u.s. open. and you will see this all on gma. >> you just really triggered an old memory of mine just by looking at that video of the albertsons, because it said osco pharmacy. which brings me back to chicago and jewel osco. >> yes, i lived right by a jewel parking lot, and i always walked past it and it's always in my head because i remember going to jewel for the first time. my stepdad is from chicago and being like, what is this? >> what is it? >> me too. we're so regional with our grocers. >> we really are. jewel osco is kind of the store if you live i
also ahead, the supermarket mega merger will kroger and albertsons join forces?his morning we're going to break down what's at stake for shoppers, including inflation and grocery store employees in the discussion. and we have an abc news exclusive on one of the most popular weight loss drugs. the ceo of drugmaker eli lilly tells us about the company's announcement. that could help some users. and we've got the right stuff for back to school. plus, tennis great andy roddick here giving us an...
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Aug 16, 2024
08/24
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kroger says the promise lower prices at albertson's by $5 million.e a remedy? sure. need to do this and, you know -- >> i'm supposed to read the futures board but i don't have a board to read in front of me. >> we can get you one. >> there we go. nice. right there. or is if -- there we go. >> you ask, you receive. >>> eight points down on the s&p. 22 on vij and nasdaq down 30 points. worse over the course of the morning here. looking at treasuries, let's see. yields are down 386 on the ten. 4.03, don't forget the 4.035 on the two year. millions losses on that. and dominic chu and the millions, trillions, billions lost just this morning. before 58:00. >> right. steve, melissa, andrew. i'm supposed to tell you about some of these morning movers. german pharmaceutical giant baer, that company seeing a surge in european trading up by about 10.5% so far after scoring a big legal victory here in the united states over claims that exposure to its weed killer roundup causes cancer. a u.s. appeals court ruled for the company against claims that baer owned mon
kroger says the promise lower prices at albertson's by $5 million.e a remedy? sure. need to do this and, you know -- >> i'm supposed to read the futures board but i don't have a board to read in front of me. >> we can get you one. >> there we go. nice. right there. or is if -- there we go. >> you ask, you receive. >>> eight points down on the s&p. 22 on vij and nasdaq down 30 points. worse over the course of the morning here. looking at treasuries, let's...
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Aug 26, 2024
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albertsons finally getting their day in court nearly two years after the merger was announced.
albertsons finally getting their day in court nearly two years after the merger was announced.
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Aug 20, 2024
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is suing the federal trade commission to stop a federal review of a proposed $25 billion merger with albertsonslling it unconstitutional. the ftc is concerned the deal could create a monopoly and lead to higher prices. perdue foods is recalling more than 167,000 pounds of ready to eat chicken nuggets and tenders due to potential metal contamination. so far, there are no reports of injuries or illnesses but they were shipped nationwide consumers should dispose the recalled items or return them for a refund. well, the restaurant owner in san francisco's richmond district is calling for change after part of their history was stolen. this sign now sits outside hamburger haven. it says another break in sunday morning stole our antique cash register, changed the leadership in our city. vote. now the owner says since the break in, elected officials and those running for office have reached out some are using it as a talking point. but he wants real results. >>>>we don't have any particular opinion on who should run or who should be the next leader or leaders of this city. what we really do want is to
is suing the federal trade commission to stop a federal review of a proposed $25 billion merger with albertsonslling it unconstitutional. the ftc is concerned the deal could create a monopoly and lead to higher prices. perdue foods is recalling more than 167,000 pounds of ready to eat chicken nuggets and tenders due to potential metal contamination. so far, there are no reports of injuries or illnesses but they were shipped nationwide consumers should dispose the recalled items or return them...
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Aug 27, 2024
08/24
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look at albertson's. there have been merger after merger after merger.in with the biden administration strategy keeping costs down for the consumer. >> the average american consumer, ultimately, you think prices will go higher or lower? >> prices are up 21% since the pandemic started. this is really issue number one for the government and federal trade administration here. they say they would be better scale. they would be better together. they actually will be better as competitors together. the government is saying, no, no, no, when you start taking players off the field and you have one, big huge company, that's not good for competition. >> in reality, are some stores likely to close if this goes through? so they will have to die vest some stores, maybe 500. somebody else would buy those, where they overlap and too much concentration. there had been a merger in 2015 where one of these big chains had said they were going to sell off some stores and then those stores went bankrupt and then they bought them back and closed them any way. so the government
look at albertson's. there have been merger after merger after merger.in with the biden administration strategy keeping costs down for the consumer. >> the average american consumer, ultimately, you think prices will go higher or lower? >> prices are up 21% since the pandemic started. this is really issue number one for the government and federal trade administration here. they say they would be better scale. they would be better together. they actually will be better as competitors...
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Aug 27, 2024
08/24
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the federal trade commission is suing to stop the merger of kroger and albertsons, claiming it wouldd to higher food prices and fewer jobs for union workers. the ftc also claims the merger could create a monopoly in some small towns. in her opening statement, the ftc lawyer saying stopping this multi-billion dollar deal will keep in place the vigorous competition that acts as a check on rising grocery prices. but the grocery giants insist the $24 billion merger will benefit shoppers. >> the companies, for their part, argue this is actually going to help them rein in costs and better compete with the big rivals like walmart and the big box chains like costco. they also say they're not going to shut down stores. they're not going to put people out of work. >> it comes amid another sign that shoppers are pulling back on spending. a new survey shows sausage sales are up. experts say that typically happens when shoppers are looking to stretch their budget, opting for sausage over more expensive steak and chicken. inflation is down, but overall food prices are up more than 20% since before
the federal trade commission is suing to stop the merger of kroger and albertsons, claiming it wouldd to higher food prices and fewer jobs for union workers. the ftc also claims the merger could create a monopoly in some small towns. in her opening statement, the ftc lawyer saying stopping this multi-billion dollar deal will keep in place the vigorous competition that acts as a check on rising grocery prices. but the grocery giants insist the $24 billion merger will benefit shoppers. >>...
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Aug 26, 2024
08/24
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there is the opening bell for you when you talk about the kroger albertsons deal. saying this deal would help with competition. when you're talking about amazon and walmart ringing the bell this morning, mark wyatt, the head of global trade with the autism science foundation and rides far. good morning and welcome back to mornings on two. i'm claudine wong and good morning i'm dave clark. >> it's a monday morning august 26th. it's a beautiful morning right outside our studio. steve, you painted the sky a little bit this morning. >> well, i still have a couple of numbers. i have to fill in up there. but thank you, sir. yes, mainly clear out there. a little bit of fog. kind of just kind of scooting around out toward the coast. but there's not much out there. our low. give it credit. boy, that was an amazing system for august is long gone. and you knew high pressure would build in. we could feel it yesterday. it continues that theme today. sunshine and warmer temps will get back in the 80s and 90s inland 60s and 70s over by the coast. all right. so here we started. we
there is the opening bell for you when you talk about the kroger albertsons deal. saying this deal would help with competition. when you're talking about amazon and walmart ringing the bell this morning, mark wyatt, the head of global trade with the autism science foundation and rides far. good morning and welcome back to mornings on two. i'm claudine wong and good morning i'm dave clark. >> it's a monday morning august 26th. it's a beautiful morning right outside our studio. steve, you...
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the one is switching, the switching bite full in a bunch of summarization gorski since albertson. she wants to avoid that for pickup of the one of the social on the flu, nearly the positive, but i wasn't sure that it was nice. bounce it this way. scott induced the guy as it gets mostly crossed. automated digital it by you bringing in was solution i processed the way it was new york for sure. i did use bust which is deal with this degree in your automated career. you always just been easier to us. so william, i believe jesus groups the lovely various for the for them, for the nazis allowed the local hotel. and these have dropped men into the ranks in real time. the balmy problem is to provide people to be taken forcibly to gemini atrocities and tara against been ever since became more and more widespread. id. me is me, a sped us, probably not new. and then the selenium stella didn't get through was the release covered. are you on the arc of the separately region that fits your loved the exemption? did see that the belittle? so when you, if you service, give birth to them, if you be
the one is switching, the switching bite full in a bunch of summarization gorski since albertson. she wants to avoid that for pickup of the one of the social on the flu, nearly the positive, but i wasn't sure that it was nice. bounce it this way. scott induced the guy as it gets mostly crossed. automated digital it by you bringing in was solution i processed the way it was new york for sure. i did use bust which is deal with this degree in your automated career. you always just been easier to...
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Aug 26, 2024
08/24
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kroger and albertson's heading to court to defend the merger. the companies propose the harthest supermarket deal in u.s. history in 2022 saying it would help them cut costs to better compete with the real leaders in that space, walmart, costco, amazon, take your pick. the federal trade commission sued to block the merger saying it would eliminate competition and raise grocery prices. but it was pointed out at the time, to make the, you know, to make it so narrow in how you're testing, you know, whether there is antitrust concerns has a lot of people saying this is one of the poster childs for maybe overreach for the ftc. >> look, they don't like -- remember that a judge blocked staples and office depots. kind of a dying business. >> didn't they block sirius/xm for a while, too? >> exactly. it's almost as if it has to get to a point where the overall market is so big relative to the two competitors that redefined the market. sirius/xm and once streaming came around, it was no longer dominant. >> it is possible that this action has the opposite o
kroger and albertson's heading to court to defend the merger. the companies propose the harthest supermarket deal in u.s. history in 2022 saying it would help them cut costs to better compete with the real leaders in that space, walmart, costco, amazon, take your pick. the federal trade commission sued to block the merger saying it would eliminate competition and raise grocery prices. but it was pointed out at the time, to make the, you know, to make it so narrow in how you're testing, you...
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Aug 28, 2024
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. >>> when we come back, the federal trade commission's efforts to block the kroger/albertson merger, themes we're seeing play out on the campaign trail. we've got that story when "squawk box" returns. >> announcer: executive edge is sponsored by at&t business. next-level moments need the next-level network. i'm really just here for the at&t internet, it's super-fast so, any pre-launch concerns? what if nobody buys them? that's mean or, what if everybody buys them? oh, i hadn't thought of that that's probably not gonna happen can we handle that kind of traffic? the network can handle it! i downloaded eight hours of true crime stories just during our last video call i'm learning a lot >>> the federal trade commission continues its quest to block the merger of grocery industry players krogers and albertsons. eamon javers has more on the trial that started this week, something you probably wouldn't have seen as recently as a couple of years ago,ago,ing /-- eamon. it's a shift in regulatory enforcement we've seen under the biden administration. traditional efforts are worried about price
. >>> when we come back, the federal trade commission's efforts to block the kroger/albertson merger, themes we're seeing play out on the campaign trail. we've got that story when "squawk box" returns. >> announcer: executive edge is sponsored by at&t business. next-level moments need the next-level network. i'm really just here for the at&t internet, it's super-fast so, any pre-launch concerns? what if nobody buys them? that's mean or, what if everybody buys...
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Aug 16, 2024
08/24
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profit margins for grocers like kroger or albertsons or wal-mart or costco, they average a 1.2% fur the whole grocery sector. as far as so called meat, beef and poultry companies, margins are still 4.7%. very low. by the way, high flying tech companies and huge profit margins, apple 25%, meta, microsoft 34%. nvidia 53% and could be price gouging and so far kamala is not going after them, is she? talks about clear rules of the road but doesn't offer any. new authority for the trade commission and ftc that's a very scare i have thought. basically apart from the headline price controls is equaling socialism and the last of the program is top down, big government, control the economy. by the way, $25,000 down payment for homeowners and every one raised selling price by 25,000 to equalize the market. guess what else, spending well over $1 trillion means borrowing well over $1 trillion and means bigger deficit and debt creating and means higher mortgage rates and all still leads to dream of home ownership out of reach for gen zers. she goes again. it's the pack among them and just like the us
profit margins for grocers like kroger or albertsons or wal-mart or costco, they average a 1.2% fur the whole grocery sector. as far as so called meat, beef and poultry companies, margins are still 4.7%. very low. by the way, high flying tech companies and huge profit margins, apple 25%, meta, microsoft 34%. nvidia 53% and could be price gouging and so far kamala is not going after them, is she? talks about clear rules of the road but doesn't offer any. new authority for the trade commission...
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Aug 20, 2024
08/24
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suing the securities and exchange commission seeking to block the agency's case for the merger with albertson's inhouse judges amounts to overreach. the federal government rather than the ftc system is the appropriate venue to argue the merits of the deal. the ftc and several state attorneys general are seeking to block the nearly $25 billion merger saying it would hurt competition and push food prices higher. >>> alaska airlines proposed merger with hawaiian airlines has cleared a regulatory hurdle with the justice department. last week, alaska agreed to extend the review period for the $2 billion deal which has expired. the department of transportation has to approve the transaction and if completed, this would be the first merger since 2016. >>> and harley-davidson is the latest company to make changes to the diversity and inclusion efforts following pressure from activists and conservatives. in a letter posted on x, the. >> caller: is company is lookint growing motorcycle sports and retaining our loyal riding community. harley says employee training will only be related to the needs of the
suing the securities and exchange commission seeking to block the agency's case for the merger with albertson's inhouse judges amounts to overreach. the federal government rather than the ftc system is the appropriate venue to argue the merits of the deal. the ftc and several state attorneys general are seeking to block the nearly $25 billion merger saying it would hurt competition and push food prices higher. >>> alaska airlines proposed merger with hawaiian airlines has cleared a...
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Aug 16, 2024
08/24
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there was a merger in 2022 with albertson's.s been making its way through the legal system in many lawsuits. it could go into the next administration. whether or not it's harris or trump could be instrumental to what comes of that potentially big merger. >> when it comes to lowering housing and rent prices, what do we know about her plans? >> from the inflation report we got earlier this week, by the way, 90% of the increase in prices was attributeded to housing costs. this is actually the bigger part of the plan here. what she's proposing is a number of things. first off, a $40 billion plan that would basically spur innovation in the space. also a $25,000 payment assistance for first-time home buyers trying to put down that down payment which we know is a very big deal. these are really big parts of the equation here. a lot of economists i've been speaking to over the last few years on it said it's supply that's the issue. yes, you might be able to give first-time home buyers help on the down payment. but if there aren't homes
there was a merger in 2022 with albertson's.s been making its way through the legal system in many lawsuits. it could go into the next administration. whether or not it's harris or trump could be instrumental to what comes of that potentially big merger. >> when it comes to lowering housing and rent prices, what do we know about her plans? >> from the inflation report we got earlier this week, by the way, 90% of the increase in prices was attributeded to housing costs. this is...
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Aug 26, 2024
08/24
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they will see to grant an injunction to block the $24 million merger between kroger andal ce and albertson'spaign fund stands at $540 million. former president trump throwing cold water on the possibility of elon musk serving in his administration. in an interview, trump said the tesla ceo could not serve in a cabinet position because of his demanding schedule. and uber fined $325 million by the data protection watchdog for transferring driver data to the u.s. without proper protections. it is a record fine by that agency. the ruling is flawed and uber will appeal. look for data on home prices, consumer confidence, personal spending and all topped off by july pce on friday. nvidia earnings lead the list of earnings for this week reporting results on wednesday. we hear from crowd strike, salesforce, dell, best buy, dollar general and ulta beauty. >>> the markets coming off back to back positive weeks thanks to jay powell signalling that rate cuts are coming. the major averages rebounded in a big way since the selloff a few weeks ago. the s&p 500 now less than 1% off the record high. it was se
they will see to grant an injunction to block the $24 million merger between kroger andal ce and albertson'spaign fund stands at $540 million. former president trump throwing cold water on the possibility of elon musk serving in his administration. in an interview, trump said the tesla ceo could not serve in a cabinet position because of his demanding schedule. and uber fined $325 million by the data protection watchdog for transferring driver data to the u.s. without proper protections. it is...
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Aug 26, 2024
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stuart: the kroger albertson's murder goes on trial. to block it is said it would eliminate competition and raise food prices even more. stephen moore is with us. i think this is the democrat antibusiness stand on full display. it's big and bad except for government power read what do you say to that? >> i cannot agree more if you look at the antitrust actions that of been taken by lina khan in the biden administration, they've never seen a merger or acquisition that they like. i would refer people to today's wall street journal editorial which says if they block this merger, are you ready for this the grocery prices will rise and will make it more expensive on top of the 22% increase in grocery prices we have already seen. this is activist government interfering with the free market system and i think it is a disaster it is not just groceries they want to block tech companies, telecommunication companies, they want to block airline mergers, they hate mergers and a lot of fnc's, were in a global economy such as american companies were c
stuart: the kroger albertson's murder goes on trial. to block it is said it would eliminate competition and raise food prices even more. stephen moore is with us. i think this is the democrat antibusiness stand on full display. it's big and bad except for government power read what do you say to that? >> i cannot agree more if you look at the antitrust actions that of been taken by lina khan in the biden administration, they've never seen a merger or acquisition that they like. i would...
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Aug 26, 2024
08/24
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kroger and albertsons were in federal court today to defend their plans to merge as the u.s.s to block them. such a merger would be the largest among supermarkets in u.s. history. the federal trade commission says the deal would eliminate competition and raise food prices during a time when inflation is already high. the grocery chains argue the opposite, that joining forces would curb cost and allow them to better compete with walmart, costco and amazon. and it was mostly a down day on wall street today but the dow jones industrial average climbed to a new all-time high beating its old record set in july. major tech stocks fell pulling down the nasdaq by nearly a percent. the s&p 500 finished lower on the day. on the news hour, tamera keith and amy walter bring down the latest campaign headlines. americans affected by hurricanes, heat and floods speak out about the nations worsening weather events. and how to nasa plans to get two astronauts stranded in space back home. ♪ announcer: this is the pbs news hour from wep a studios in washington and in the west from the walter cr
kroger and albertsons were in federal court today to defend their plans to merge as the u.s.s to block them. such a merger would be the largest among supermarkets in u.s. history. the federal trade commission says the deal would eliminate competition and raise food prices during a time when inflation is already high. the grocery chains argue the opposite, that joining forces would curb cost and allow them to better compete with walmart, costco and amazon. and it was mostly a down day on wall...
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Aug 16, 2024
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dollars and that's more than the $5000 million they promised nod in order to get the deal done with albertson'se, back burner because of the antitrust concerns in this convenient. so they're coming out and saying, look, we'll lower prices by a billion dollars to try to make sure to really appeal to the antitrust regulators they are, indeed, not going to use this merger to raise prices. stuart: retirees like a good dividend, so i wonder if they'll buy into winnebago? i believe they've just raised their dividend. [laughter] >> they have, by 10%. so now up to 34 cents up from 31 cents. like you said, it's the an ev -- rv, i'm sorry, not the ev, the rv -- [laughter] camper. people love to just go out and travel, and this is good because back in june they had some weakness in earn, so it's always nice to raise your dividend. stuart: can you show me estee lauder, please? they're down, not that much. they've the got a problem many china? >> they do. bank of america downgrading them because of big weakness in china. we've been hearing these rumblings about a china consumer that's starting to pull back.
dollars and that's more than the $5000 million they promised nod in order to get the deal done with albertson'se, back burner because of the antitrust concerns in this convenient. so they're coming out and saying, look, we'll lower prices by a billion dollars to try to make sure to really appeal to the antitrust regulators they are, indeed, not going to use this merger to raise prices. stuart: retirees like a good dividend, so i wonder if they'll buy into winnebago? i believe they've just...
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Aug 16, 2024
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irony is grocery giant kroger just promised to cut prices by a billion bucks after its merger with albertson'slet me back up. let's listen to former president trump on this. watch. >> what that would mean which basically says, like, it's not going to be markets, it's not going to be supply and demand that's determining how much your grocery store charges you for mil or for eggs, it's going -- milk or eggs, it's going to be some bureaucrat in d.c. which seems totally unworkable, first of all, for the ftc to be deciding how much kroger charges for eggs in michigan. but it also would be very bad for markets. we've seen this kind of thing tried in lots of other countries before. venezuela, argentina, the soviet union, etc. it leads to shortages, it leads to black marks, you know? if plenty of uncertainty. >> now kamala's reportedly proposing communist price controls. she wants price controls. and if they worked, i'd go along with it too, but they don't work. they actually have the exact opposite impact and effect. but it leads to good shortages, rationing, hunger. dramatically more inflation. thei
irony is grocery giant kroger just promised to cut prices by a billion bucks after its merger with albertson'slet me back up. let's listen to former president trump on this. watch. >> what that would mean which basically says, like, it's not going to be markets, it's not going to be supply and demand that's determining how much your grocery store charges you for mil or for eggs, it's going -- milk or eggs, it's going to be some bureaucrat in d.c. which seems totally unworkable, first of...
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Aug 28, 2024
08/24
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even for those who didn't work at mcdonald's -- i bagged groceries at albertson's -- this underlying theme is something we haven't touched on yet. elaine: let me add to that, gabriel. this is the first ticket in a long time that there is no ivy league. neither to get has either association with ivy league. they have much more association to most of america than ivy league. yale took it on the chin. e.j.: the other ticket has two iv leakers on it-- ivy leaguers on it. the signs on the floor also "coach -- all said "coach walz." there were thousands of signs, and they brought out the football team for sunday night football fans, you almost expected cris collingsworth and mike tirico to come out and moderate the discussion. it was the broad middle-class messaging. on the idea of who has worked at mcdonald's, really fantastic. it needs to be a new variable in all polling, how the former mcdonald's workers as well as current is going. gabriel: i will put that in one of our next polls. [laughter] doyle: brought it to make it all fast food. e.j.: i was at a greasy spin. -- spoon. doyle: you
even for those who didn't work at mcdonald's -- i bagged groceries at albertson's -- this underlying theme is something we haven't touched on yet. elaine: let me add to that, gabriel. this is the first ticket in a long time that there is no ivy league. neither to get has either association with ivy league. they have much more association to most of america than ivy league. yale took it on the chin. e.j.: the other ticket has two iv leakers on it-- ivy leaguers on it. the signs on the floor also...
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Aug 26, 2024
08/24
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today, the planned $24.6 billion merger between kroger and albertsons is heading to court.ins argue the move would help them compete with rivals including costco. but antitrust regulators worry the move would eliminate competition and potentially lead to higher prices. if allowed, it would be the largest grocery merger in the united states. tuition at a prestigious private california college is expected to soon hit $100,000 a year. the university of southern california, down in los angeles, is among the priciest schools in our state. full tuition for this academic year comes in at $95,000. stanford is just slightly less expensive at 93,000 a year, according to the san francisco chronicle. tuition at california's private colleges increased 20% since the year 2019. a new study finds california spent about $4 billion on ghost students who no longer go to schools in their districts. the study, conducted by the libertarian think tank the reason foundation, focused on the 20 2223 school year. it found that san francisco unified and west contra costa unified were among the biggest
today, the planned $24.6 billion merger between kroger and albertsons is heading to court.ins argue the move would help them compete with rivals including costco. but antitrust regulators worry the move would eliminate competition and potentially lead to higher prices. if allowed, it would be the largest grocery merger in the united states. tuition at a prestigious private california college is expected to soon hit $100,000 a year. the university of southern california, down in los angeles, is...
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Aug 26, 2024
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the planned $24.6 billion merger between kroger and albertsons is headed to court.hains argue the move would help them compete with rivals including costco. but antitrust regulators worry the move would eliminate competition and potentially lead to higher prices. if allowed, it would be the largest grocery merger in the u.s. >> the yankees jersey belonging to babe ruth sold at an auction this weekend. for more than $24 million. ruth wore the jersey in game three of the 1932 world series, when he legendarily called his shot. the $24 million price broke a record for the most expensive sports collectible of all time. >> while bay area airports are expecting very large crowds this coming labor day weekend, and an invasive species is threatening a west coast city, how officials say it could be costly to the state, and another work and school week about to get underway. as we give you a live look out at the oakland estuary. the city by the bay in the distance out there. coming up, chie meteorologist b l mart is it possible to count on my internet like my customers count o
the planned $24.6 billion merger between kroger and albertsons is headed to court.hains argue the move would help them compete with rivals including costco. but antitrust regulators worry the move would eliminate competition and potentially lead to higher prices. if allowed, it would be the largest grocery merger in the u.s. >> the yankees jersey belonging to babe ruth sold at an auction this weekend. for more than $24 million. ruth wore the jersey in game three of the 1932 world series,...
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Aug 27, 2024
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two grocery giants, kroger and albertsons, were in federal court todato defend their plans to merge, as the u.s. government tries to block them. such a merger would be the largest among supermarkets in u.s. history. the federal trade commission says the $25 billion deal would eliminate competition and raise food prices during a time when inflation is already high. the grocery chains argue that joining forces would curb costs, and allow them to better compete with big retailers such as costco and amazon. the trial is set to last for 3 weeks. still too, on the news hour, tamera keith -- tamara keith and amy walter break down the latest campaign headles. americans affected by hurricanes, heat and floods speak out about the nation's worsening weather events. and how nasa plans to get two astronauts stranded in space home. >> this is the pbs news hour, from weta studios in washington and in the west from the walter cronkite school of journalism at arizona state university. amna: a dam in a remote part of sudan collapsed this weekend. the united nations says at least 20 villages were destr
two grocery giants, kroger and albertsons, were in federal court todato defend their plans to merge, as the u.s. government tries to block them. such a merger would be the largest among supermarkets in u.s. history. the federal trade commission says the $25 billion deal would eliminate competition and raise food prices during a time when inflation is already high. the grocery chains argue that joining forces would curb costs, and allow them to better compete with big retailers such as costco...
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Aug 21, 2024
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now suing the federal government after the federal trade commission blocked its proposed merger with albertsons challenging the ftc's authority and claims its process for ruling on mergers violates the constitution. this legal challenge comes after the supreme court weakened the power of regulatory agencies. in a ruling back in june. analysts believe the outcome of this case could have a big impact on future mergers targets. efforts to stop theft appear to be working, according to the most recent data they've released. the company's loss of inventory from theft, damage or poor record keeping has gone down since 2022. target says closing several stores that were hit hard by theft has helped. they've also implemented lock cases for commonly stolen merchandise. there are future plans to work with federal law enforcement to create new tech to help stop further theft. >> and we take a live look now at the new york stock exchange as trading gets underway this morning. you can see that we're up about 40 points. >> netflix released a trailer for chestnut versus kobayashi unfinished beef. it shows san j
now suing the federal government after the federal trade commission blocked its proposed merger with albertsons challenging the ftc's authority and claims its process for ruling on mergers violates the constitution. this legal challenge comes after the supreme court weakened the power of regulatory agencies. in a ruling back in june. analysts believe the outcome of this case could have a big impact on future mergers targets. efforts to stop theft appear to be working, according to the most...
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Aug 27, 2024
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the federal trade commission is asking a court to stop albertson's and kroger, two of the country's biggestoregon judge, could have implications for food prices and thousands of workers across america. joining us now to break it down for us, nbc seen you're business correspondent, christine romans. thank you for joining us. what are the possible impacts of the merger? >> they say you put these two giants together in the biggest surgeoner ever in the supermarket arena, and that makes fewer competitors, right? competitors keep prices low. that's the position of the government. the government very skeptical of putting these two together, and they are the second and fourth largest grocery store chain. they say they need to compete against walmart and costco. the largest grocery store in america is walmart, a super store. they say the whole playing field has changed and they can have better scale together to compete against costco and lower prices for consumers. josÉ, two very different interpretations of bigger is better, bigger is not better, in this courtroom. >> what are the possible implica
the federal trade commission is asking a court to stop albertson's and kroger, two of the country's biggestoregon judge, could have implications for food prices and thousands of workers across america. joining us now to break it down for us, nbc seen you're business correspondent, christine romans. thank you for joining us. what are the possible impacts of the merger? >> they say you put these two giants together in the biggest surgeoner ever in the supermarket arena, and that makes fewer...
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Aug 30, 2024
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. >> the ftc, federal trade commission, is trying to block kroger's plan to acquire albertson's, anotheret merger in u.s. history. now testimony from a kroger executive in that trial is raising some eyebrows about how and when the company raises store prices. here's nbc news senior business correspondent christine romans. >> reporter: we learned that kroger raised prices on milk and eggs beyond what was necessary to offset inflation. this is in the high inflation period after the pandemic, this according to testimony from a top company executive. it comes as the ftc, as the government sues to block what would be the largest grocery store merger in history, arguing that it would eliminate competition and raise prices for millions of americans. now kroger's senior director for pricing sent an internal email back in march writing, quote, on milk and eggs, retail inflation has been significantly higher than cost inflation. now this is raising eyebrows especially given the harris campaign's focus on what they say is price gouging at grocery stores. some have argued that grocery stores have ta
. >> the ftc, federal trade commission, is trying to block kroger's plan to acquire albertson's, anotheret merger in u.s. history. now testimony from a kroger executive in that trial is raising some eyebrows about how and when the company raises store prices. here's nbc news senior business correspondent christine romans. >> reporter: we learned that kroger raised prices on milk and eggs beyond what was necessary to offset inflation. this is in the high inflation period after the...
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that is what you have with the kroger albertson's merger, they want to drive that competition in so manyc items and the testimony being provided by their own director pricing reveals that, that is their strategy, they want to crush the competition. and most people say well, what do you do about it? thankfully we do have an administration who is going aggressively at price-fixing by corporate monopolies, places like ticketmaster, apple, google, amazon, large conglomerates so small businesses can thrive. if we stay on this track, harris has pledged with a continuation on the price gouging and there is so much more to go after. >> i'm glad that you brought it up again, there was an email that we saw during the hearing, the head of pricing at kroger said on milk and eggs, retail inflation has been significantly higher than cost inflation, translation, we raised prices more than we needed to, but a kroger spokesperson told bloomberg, this cherry picked email covers a specific period does not reflect kroger's decade-long business model to lower prices for customers by reducing its margins. i m
that is what you have with the kroger albertson's merger, they want to drive that competition in so manyc items and the testimony being provided by their own director pricing reveals that, that is their strategy, they want to crush the competition. and most people say well, what do you do about it? thankfully we do have an administration who is going aggressively at price-fixing by corporate monopolies, places like ticketmaster, apple, google, amazon, large conglomerates so small businesses can...
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Aug 25, 2024
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tomorrow, the planned $24.6 billion merger between kroger and albertsons is headed to court.move would eliminate competition and potentially lead to higher prices. if allowed, it would be the largest grocery merger in u.s. history. and now to more snow in the summer. this video was taken in truckee yesterday, sent to us by a viewer. really incredible sight there as the camera zooms in. it's hard to believe we are in august. we are seeing snow not quite ready for fall or winter, but really a pretty sight there. >> it really is, and really kind of remarkable when you talk about the range and weather that we've been seeing. that's what we've been talking about all morning long. we had rain here yesterday. that's that doesn't even look like just a smattering like legitimate looking outside. >> actual snowfall. wow. >> yeah. it is. it is snowing. and here we are in august. i think, you know, when we talk about fire season, we'll take it. especially because we've got hot temperatures that come right around the bend and remind us that it is still august. rosemary >> yes, those hot t
tomorrow, the planned $24.6 billion merger between kroger and albertsons is headed to court.move would eliminate competition and potentially lead to higher prices. if allowed, it would be the largest grocery merger in u.s. history. and now to more snow in the summer. this video was taken in truckee yesterday, sent to us by a viewer. really incredible sight there as the camera zooms in. it's hard to believe we are in august. we are seeing snow not quite ready for fall or winter, but really a...