president of kraft heinz is here. welcome. >> thank you always a pleasure to be with you. >> and we love the mac and cheese let's just start right there, are you seeing these pressures come off the boil, so to speak is the peek behind us or still to come? >> well, it's hard to predict everything at the same time what i can tell you is from our perspective it looks amongable, the inflation we're seeing so far. if you look at numbers and net inflation, really coming outside of big three commodities of coffee, meat and cheese. if you think about transportation logistics that's what we're seeing and a couple places with soybean. we have a very good three pronged approach about how we manage this inflation. first, we are driving the season we have about $400 million of efficiency that i helped manage through this secondly improving the ren owe vating of the brands we will have renovated 50% we're bringing more benefits so that our friends continue to have that kind of strong pricing powers we have enjoyed over the years. a

year to date the best performer, kraft heinz, the worst campbell's soup.f course, we're seeing prices rise, and that could hit consumers there, moving ahead this might not come as a surprise since we've been talking about it so much, but mentions of inflation have increased on q1 earnings call, b of a says while inflation has accelerated since the beginning of the year, many companies have hedged against it, leading more on price inflation that will return to most and promoting and that could eat into the impact of these price increases. interestingly, while it seems that companies will be able to pass through pricing while retailers do at a time the hit on the margin, the note says it could be a lag effect overall. hedge strategies are protecting some companies now from rising costs. the basket indicates that spot inflation was up 33.5% year on year, kelly, the highest level since tracking began in 2016. >> a good reminder, it would have had a lot bigger pinch if they hadn't hedged it a bit. thank you, kate. >>> that does it for "the exchange." "power lun

kraft and heinz leading in that group with a 25% gain, tyson up 21%.lson with our stock of the hour. that does it for us. this is bloomberg. ♪ look...if your wireless carrier was a guy, you'd leave him tomorrow. not very flexible. not great at saving. you deserve better - xfinity mobile. now, they have unlimited for just $30 a month. $30 dollars. and they're number 1 in customer satisfaction. his number? delete it. deleting it. so break free from the big three. xfinity internet customers, take the savings challenge at xfinitymobile.com/mysavings or visit an xfinity store to learn how our switch squad makes it easy to switch and save hundreds. so many people are overweight now and asking themselves, "why can't i lose weight?" for most, the reason is insulin resistance, and they don't even know they have it. conventional starvation diets don't address insulin resistance. that's why they don't work. now there's release from golo. it naturally helps reverse insulin resistance, stops sugar cravings, and releases stubborn fat, all while controlling stress an

there, and it's worth about $54 billion this morning so no longer a joke , because it's bigger than kraft heinz, taco bell and owner of yum brands which is the owner of yum brands and then viacom cbs and almost three times the size of game stop so when you're worth $54 billion is that necessarily a joke anymore? stuart: no it's not a joke at $54 billion maybe the joke is on us for putting 54 billion into a joke coin. reporter: oh, gosh it depends on how you see it. some people like decentralized community building and value so 54 billion i don't think is a joke anymore. stuart: okay. let's see how you trade it. if you do trade it. [laughter] if you make any money, good luck good luck i mean that. reporter: thank you. stuart: quick word on mortgage applications this morning. 2% lower than the same week a year ago. this is the second straight week that purchase demand was lower, not really much into that. refi's 6% higher than a year ago not much change in the mortgage market. i've got to bring this to you. i mean this , heartbreaking scenes, like this , are becoming all too common at our souther

hormel, announced purchase of planters, the peanut people, they bought them from kraft heinz.used the word spam. okay i just did but there you go. >>> look at this one, it's a sign, show it to you again. outside of a california restaurant warning customers they will be charged with wearing a mask. owner of the restaurant is chris castleman he joins me now. chris, i thought in california mask wearing was mandatory. now you're charging people for obeying the law, coming into your restaurant. what is going on here, chris? >> yeah. thanks for having me on the show. my dad watches you every morning. we're charging people five dollars. it is not a large price to pay. we donate all the proceeds to charity. i think it is, it is time to fight back against these mandates, like you mentioned around the rest of the country. things are back to normal. you're free in florida. right now we're underlockdown 15 months still in this california. time to fight back. stuart: how many people have walked into your restaurant, wearing a mask, and paid the 5-dollar extra charge? >> all but one. we rai