albertsons will buy riteaid.ertson shareholders will -- riteaid is selling 2000 of its stores to walgreens. -- the cash raised offer is valued at $33 billion. at $33 billion. qualcomm itself is fighting off a takeover attempt. it has rejected a $121 million offer from broadcom. walmart with a disappointing annual profit forecast. e-commerce sales growth started to slow down. --, the u.s. tax overhaul that is your latest bloomberg business flash. still ahead, we are speaking .ith sebastian mallaby this is bloomberg. ♪ ♪ ♪ show me the olympic winter games ♪ ♪ like i've never seen before. ♪ ♪ xfinity x1, yeah, i always know the scor♪. ♪ triple corks in 4k... lookin' so sick. ♪ ♪ stream live on every screen, every win, every trick. ♪ ♪ 2000 hours of coverage, get your mind blown. ♪ 50 olympic channels, yup, you're in the zone. ♪ ♪ and if there's something that you want to see, ♪ pick up that voice remote and just say "show me..." ♪ experience nbcuniversal's coverage of the olympic winter games like never before with

albertsons is picking up the other parts of rite aid the albertsons pharmacies will be rebranded as ritelthough some rite aids will continue to operate as stand-alone stores. and stock for rite aid doing well right now in free market trading after this big announcement. back to you. >> a lot going on there. thanks, jessica. the city of alameda could take a step towards allowing legal cannabis businesses in the city. businesses like steep hill labs have not been able to set up shop in alameda even though pot was legalized last month. and that's because the city has no regulations for cannabis business permits. city planners will present proposed rules tonight and will listen to arguments for and against pot businesses in the city. >>> the lack of rules in the pot industry isn't just affecting alameda. a new report from the growers association found less than 1% of the state's known cannabis growers are licensed as of february 7th. that's about 500 out of an estimated 68,000 growers. licensing costs and regulatory barriers are to blame. another recent study found recreational pot should pr

. >>> albertsons is planning ton buying the rest of rite-aid that is not being sold to walgreens the deal would create a company with revenue of $83 billion and allow albertsons so go public after more than a decade of ownership. the ceos of both companies say the tie up is the best way for them to compete in consumer business threatened by amazon and walmart. walmart reporting numbers this morning. >>> bhp billy treported a 37% dn net profit related to the u.s. tax law. adjusted profit rose 25%, slightly below analysts forecast bhp is pushing back against a renewed call by elliott advisers to drop its dual listing in london and australia here's the ceo earlier this morning on cnbc addressing that topic. >> there's a wide range of estimates to the value of coming under a unified structure. we're open to all ideas which can simplify our business. >> bhp also plans to raise its mid year dividend by 38% as a rebound in commodity prices boosted cash flow. as we say, it did disappoint a bit in terms of analyst estimates. down 4% in london trade. hsbc posting a jump in full-year pretax pro

first albertson's pharmacies will be given the rite aid name. albertson's also owns safe way.year 2,000 stores to walgreens. >>> "7 on your side's" michael finney joins us now. >> how do you keep your stuff safe? that's what lawmakers are talking about. they want equifax to extend the protection it's offering consumers after that data breach. lawmakers want the company to continue to provide identity theft protection for at least three years. after the data breach, the company offered one year of identity theft protection. the argument is that the thieves can just wait a year and then use all that stolen information. apple pay now has new beefed up competition. google pay, an app borne from the merger android pay and google wallet is now available for these devices. there's loyalty programs and gift cards. in some cities mass transit cards can also be stored. >>> a couple near sacramento keeps receiving pillows from amazon and they didn't order them. michelle carol says this all started with a stuffed talking hamster that was delivered to her home. she thought it was a prank b

albertsons will buy right aid. 24y have a combined value of billion dollars.tson shareholders will own 71% of the combined company. rite aid is still selling about 2000 stores to the alliance. call come has raised its bid for semiconductors to get support from shareholders. the offer is valued at $43 billion for qualcomm is fighting off a takeover attempt and has rejected a $121 billion offer from broadcom. home depot is cashing in on store salesith same rising more than expected in the fourth quarter and they were helped by hurricane recovery spending in the south in puerto rico. that is your bloomberg business flash. david: we now turn to wall street beat, were recovered three things wall street is buzzing about. number one, cryan's scalpel. it is not an ax. deutsche bank will cut as many as 500, but they do have a few employees left. betting against the banks, number two. bridgewater is famous short against european equities is a mistake according to analysts. and the power of the purse. reports of a secret brexit plan by prime minister may reportedly prepa

albertson's is buying rest of rite aid not sold to walgreens. whole foods, if you're a prime member. amazon is having another attempt to. liz: this is grocery wars where amazon is trying to get the prime members, beyond 90 million it has. can walmart, excuse me amazon pull them into its website to spend on its platform? that is the play for amazon. this albert son deal, we've talked about it, it is really interesting, them picking up remaining 1900 plus rite aid stores. a lot of grocery stores are still weak. they have a lot of debt put on them i bet private equity crowd. the this is different from cvs is doing and walgreens is doing. cvs merging with aetna. walgreen's with amerisourcebergen. rite aid going different direction with a grocery store chain. very interesting play. ashley: we haven't talked talket a apple. it is all about amazon. sales of the iphone x apparently struggling in asia simply it costs so much. weak demand further 10 hurting samsung which makes screens for iphone x. kind of a double-whammy. liz: all across asia apple is st

albertson's is a private eequity backed company.letter has been hit by hackers. hackers infiltrated a public cloud environment owned by tesla. they gained access to part of tesla's cloud computing environment that contained sensitive data on the cars. hijackers also stole computer resources within tesla's amazon web services. tesla issued a statement as follows. customers privacy and vehicle safety and security was not compromised in any way. that is according to tesla. >>> well, there's word that voters strongly support a major google development for san jose. according to a new poll by the silicon valley leadership group and the mercury news, 79% of residents support the plan to develop what the company is calling a transit village that would bring 20,000 new jobs to downtown san jose. google wants to build it near the sap center and the bart station. ion. >> the use of transit by google employees will be off the charts. this is so good for san jose. from a tax perspective, from a jobs and economy perspective, and for the future o

grocery chainate albertsons agreed to obtain re aid. executives say putting together grocery and pharmacy clinics could provide custome with a different kind of health care experience. >> i think ourpportunity to help people bring health care to work n terms of how w with patients in our pharmacies andet in our superma could be differentiating for us. the ability for us to talk about dietut andtion as part of that interaction and have capabilities to bring to bearlpo hose patients i think is very powerful. >> reporter: it is a rapidly shifting retail and health care landscape. narm see giant cvs's $69 billion de to buy aetna aims to create a drugstore clinic health care system. rite aid is reportedly explori acquiring a drug distribution firm to cut costs. >> we know that consumers,re employers -- they are sisit satisfied the health care system and the inefficiency with eae health care system. there are many that we are seeing, like vcs and at in a, like amazon and berkshire hathaway, jp morgan. they are looking for ways t enter grate a

. >>> albertson's is making a major purchase, grocery store chain is buying the rest of rite aide. >>y will 4900 locations and can generate $83 billion in sales every year. albertson's pharmacies will be rebranded as rite aide and some will continue to operate as stand loan stores. albertson's already owns safe way and 19 other supermarket chains. >>> breakfast food giant general mills is getting in on the uni corn craze. they added a new unicorn shaped marshmallow to lucky charms. it is first permanent marshmallow addition to the serial in 10 years. hour glass marshmallow got boot to make room for the new uni corn, some box west uni corn marshmallows are on store shelves and the rest will roll out next month. >>> ticket lovers in the uk and ireland are facing a fast food, problem, hundreds of kfc restaurants have been closed because of the chicken shortage. >> they hired dhl to make chicken deliveries and dhl says due to operational issues , a number of the ship. s were incomplete or delayed. the chicken shortage is leaving customers, hangry, both hungry and angry. >> it is a big cha

although albertson's may have the acquisition there will now be branded as rite aid stores while the normal rite aid pharmacies will keep their names shares of rite aid shot up earlier today by thirty percent and they ended in positive territory the move comes on the heels of c.v.s. pharmacies announcement that it will be acquiring aetna for sixty nine billion dollars and more recently that walgreens may be buying amerisource bergen. a billionaire dr based out of los angeles closes in on a five hundred million dollar deal purchasing a los angeles times and the sister paper the san diego union tribune archies natasha suite has more from los angeles biotech billionaire patrick still song brings local ownership back to the los angeles times and after selling out some five hundred million dollars outsider say there are some big changes to come now sushant worth an estimated seven point eight billion dollars according to forbes joins a list of other wealthy entrepreneurs investing in publications massive layoffs and changes in management have been plaguing the l.a. times as they face chal

they have safeway, albertson's. there may be one in your neighborhood. >> dana: there was in the place where i grew up out in colorado. thank you, gerri? >> you're welcome. >> dana: united states adding to its medal count. the brother/sister pair claiming the bronze in ice dancing. the americans now have 12 medals, but are still in sixth place. and more bad news for the bronze medal curler from russia who competed with his wife. a second blood test came up positive for doping, meaning they could lose their medals. this endanger russia's hopes of being reinstating by the closing ceremonies this weekend. reaching out to the family of one teen killed in the florida school shooting. what they are doing to honor one of the young guys. plus the deadliest violence to hit syria's capital. i will talk to retired four star general jack keane who thinks it may be time for an air of nato. >> tech: at safelite autoglass we know that when you're spending time with the grandkids... ♪ music >> tech: ...every minute counts. and you

what's left of rite aid is now being combined with albertson's, of 28% or 29.6% of what will be thatompany that i would assume will enhance albertson's aid to customers and competing with the death star known as amazon >> think of walmart with the pharmacy offerings, when it goes public, it is going to have a viable portfolio or businesses that'll compete directly with walmart. >> i am sure it is not a coincidence. amazon will start giving consumers 5% back if they use the amazon visa card at whole foods. the margins and the busines business -- it is like weighing on the the pressure that's coming on. >> i love the 5% back card i use it all the time. >> yeah. >> just on the website i diplomat know and now whole foods. lets go to the opening bell, the s&p 500 at the bottom of the screen a provider of automother vehicle support, drop car. we'll watch the impact from the dow. you can see the opening is not impressi impressive, quite a bit of red nxpi opening for trade of the initial trade there is a little bit below. >> you got a few weeks to potential close or even longer the chinese a

albertsons grocery store chain will buy rite aid.ng a new company of stores and pharmacies across multiple states. this deal is the best way to take on amazon and walmart. amazon is expanding into groceries and possibly in pharmacies. the merger is not a done deal yet. it still needs government approval. >>> the pennsylvania supreme court imposing a new congressional map to give democrats a boost ahead of the mid terms. following a ruling that republicans unlawfully maximized the change to get republican gains. the biggest change in philadelphia where three seats were democratic targets. republicans in the state legislature will challenge the maps in court. >>> ahead, lindsey vonn defending off injuries and twitter trolls. she looks to bounce back in the downhill competition. coy wire is live in pyeongchang when we come back. show me used trucks with one owner. pretty cool. [laughs] ah... ahem... show me the carfax. start your used car search at the all-new carfax.com. i hate to ask but is there any chance of an upgrade? upgrade? pre

. >>> albertson's wants to buy the right aid drugstore chain.ll continue to operate at standalone stores. the two companies combined will have a value of $24 billion. albertson's is a privately equity back -- backed company that also owns safeway. >>> we will take you on what is planned for saturday night for the chinese new year's parade and it is the year of the dog. >>> we will learn when the chill will let up. the weather is coming up. ♪ ♪ ♪ (vo) you can pass down a subaru forester. but you get to keep the memories. love. it's what makes a subaru, a subaru. (avo) get 0% apr financing on all new 2018 subaru forester models. now through february 28th. >>> this portion of ktvu fox 2 news is sponsored by subaru. >>> we are four days away from san francisco's chinese new year's parade. >> they are getting everything ready for the big day. new tonight, amber lee is live in san francisco. there are some new attractions this year. >> reporter: we are in san francisco and we went behind the scene to see the opening act, it showcases traditional and n

albertsons owns safeway, bonds, and other grocery brands.assiter number walgreens bought nearly 2,000 rite aid locations and distribution centers. this is a live look at the santa monica pier from fox 11 in los angeles. one of the big stories there tonight, a cold air mass that has sent temperatures plunging. hard freeze warnings in effect early today up and down the central valley and on the central coast with a mix of freeze and frost warnings elsewhere. this as temperatures climb into the 60s and 70s on the east coast. supposed to be 78 tomorrow. that's tonight's live look outside the beltway from "special report." will be right back. >> bret: senior pentagon officials say james mattis will make his recommendation about transgender people serving in the u.s. military to president trump either today or tomorrow. defense officials are not saying what secretary mattis will recommend. they say future announcements will come from the white house. last year, president trump called for a ban on transgenders in the military. the president made a

albertsons announcing it's acquiring a big chunk of rite aid.rting about this throughout the morning and throughout our show. i want to show you right now how stocks are doing for rite aid. they've been doing well since the opening bell, only a few moments ago, up 6%. and we've seen it up about 7.5% this morning. it's not worth a lot but it's up this morning. the two organizations are worth about $24 billion combined which means this new company will now own 4,900 stores nationwide. albertsons pharmacies will be rebranded with the name rite aid. some stores will continue to operate as standalone stores. back to you. >> authorities are warning people about the danger posed by cliffs along the bay area coast. it comes after a man plunged to his death while trying to save a stranded dog. this happened at palisades park and daly city yesterday. the park sits atop a cliff near thornton state beach. the man's dog ran off and got stuck down a cliff side. the 67-year-old victim fell several hundred feet trying to save his pet. rescuers got to the man bu

albertson's trying to stay competitive with amazon and wal-mart. "the wall street journal" reported in the supermarket chain plans to buy the rest of rite aid said it had been sold to walgreens. these combined companies are worth $24 billion in that does include the debt to the transaction will allow albertson's to go public after a decade of ownership by private equity giant capital. shares are hired in the premarket by a lot. almost 30% jump in the premarket. let's talk about general motors offering to convert debt of about 2.2 billion owed by its operation in south korea and equity in exchange for financial support and tax benefits for the south korean government. this comes after gm said last week it would close one of its plants in the country by may decided the future of the remaining three within the next few weeks. it's not clear how much g ab will keep operating. shares of gm up more than 10% from a year ago, maria appeared a lot of numbers, earnings and of many major companies this morning. maria: sure is. thank you, cheryl. take a break

albertson's the parent company of acme is proposing to buy a portion of rite-aid.wo together would serve 40 million customers nationwide. they have approved the agreement expected to close by the ebb of the year pending approval from rite-aid shareholders and federal regulators. >>> amazon announced a perk for prime members, they can get 5% back using the amazon rewards visa card and those without the card get 3% back on whole food purchases. amazon is slashing prices and offering deals since they took over the grocery chain. >>> health check this noon, if you try to get pregnant you may want to lay off the soda. new research says that soda could harm fertility in men and women. and researchers found out that drinking one sugary drink is linked to fertility in men and women. and linked to a lower monthly probability. and fruit juices and diet sodas get little association with fertility. a new fitness craze that shocks your body into shape. they opened their first studio in new york city. they are required to wear a power suit. loaded with electric oweds and wires a

>> albertsons is a great company, it's a private company. very well managed and they are going to be able to turn around in a big, big way. so i am more nervous about cvs and walgreens because of this. so i don't own this space, it's very hard. you have amazon threats and now more competition >>> domino's beating estimates joseph >> the variety of reasons tocom. >>> a variety of weans why you should still own domino's this quarter was disappointing, but the fog should be on the comments of patrick doyle, who is talking about international growth being very strong 60% of the sales are digital stock is now at 225. yes there's these rumors swirling about takeover. that's not why you're buying the stock. if it is you're foolish to do so the reason you're buying it is cae beusi got out at 180 >>> we're that you canning bitcoin next ein the 2018 lexus es,y system plus, standard... and the es hybrid. take advantage of special president's day offers now through the 28th, on the 2018 es 350. experience amazing at your lexus dealer. we cut the price o

albertsons, write it -- talk about this deal. amazon disrupted the space last year. a way of getting into the markets, reversing markets into write it. -- right aid. it is what is left. so, they will use this as a way to list albertsons and get this vehicle they held for 12 years, which for a private equity fund is monstrously long. julia: great to get your perspective. do not move a muscle. joining us for his perspective and a bit of a contrarian view -- underappreciated, let's call it, on the tax reform package, larry grafstein. still with us, ed hammond. great to have you with us. let's talk about your views on the impact of the overhaul because it is underappreciated, and we use the term together off-camera, what you think the impact will be on spending versus m&a? is a: i think tax reform big positive for m&a generally and you have a lot of guests that have commented on that. one of the less appreciated aspect is the incentive to expense capital expenditures in certain industries. if you think about m&a, it is fundamentally a allocation decision for corporate be

>> it means albertson's and riteaid will merge, chris, in a $24 billion deal. albertson's, that's the grocery store chain, it will buy the rest of riteaid, creating a new company of nearly 10,000 stores and pharmacies across 38 states. scale matters. "the wall street journal" said this is the best way to take on online retailers like amazon. it is expanding into groceries and possibly the pharmacy business and walmart's digital offerings have exploded in recent years. the rise of both may have forced many retailers to team up. it's not a done deal yet. it still needs government approval, but both aim to close that deal by the summer. walmart's stock is set to fall this morning. it didn't make as much money over the holidays as analysts expected. watch walmart as a mover this morning at the new york stock exchange. alisyn? >> okay, we will. we do whatever you suggest. thank you so much, christine. >> you say walmart, and alisyn is already ready to go. >> i'm already there. >> as she has select shopper status. >> thank you very much. all right. so perhaps you jus

. >>> more corporate news, albertsons is planning to buy the rest of rite-aid that is not being soldo walgreens. the deal would create a company with revenue of $83 billion and allow albertsons so go public after more than a decade of ownership. the ceos of both companies say the tie up is the best way for them to compete in consumer business threatened by amazon and walmart. >> amazon unveiling some new benefits for prime members people who use amazon's rewards visa card would get 5% back on purchases made at whole foods. card holders already get 5% back on amazon.com purchases. now with the whole foods acquisition you will get discount there's as well >>> facebook's new verification procedure will rely on snail mail the social network is planning on sending postcards to potential buyers of political ads to make sure they reside in the united states. the recipient then would have to enter a card from the postcard to buy the ad. facebook said it is one piece of a much larger effort to address foreign electoral influence on its platform >>> president trump tweeting a surprise endorsem

. >> albertson's is making a move to buy the rights to rite aid that isn't being sold to walgreens, according to the wall street journal. deal women create can company sales of 83 philadelphia. albert's owns safe way and 19 other supermarket chains. the deal comes as retailers respond to the rapidly changing consumers landscape with more and more people shopping on line. and news for all of you breakfast cereal fans. a unicorn marshmallow replacing the hour glass in your box of lucky charles. magic call unicorn the first new marshmallow added in a decade. the first ever to be inspired and created by kids. rahel, jim? >> i love lucky charles. if i can eat a whole box every just the marshmellows, that's what i would do. who needs the cereal? >> i had no idea you had an unhealthy habit here, rahel. >> well, i've not had lucky charles in years, diane, but that's because once i have one box -- >> it's okay punk up. >> the things you learn on morning television. >> we all have our vices. >> i see. that's okay. that's not bad vice. >> we'll check in with you again tomorrow, thanks, diane. in other n

the wall street journal reports that the albertsons is buying the rest of the rite aid creating pharmacies across 38 states. scale matters. this deal is the best way to take on the online retailers. amazon is expanding into groceries and possibly in pharmacy. however, the merger is not a done deal yet. it still needs government approval. >>> the pennsylvania supreme court imposing a congressional map to give democrats a boost ahead of the mid-term elections. the boundaries were unlawfully drawn to maximize gop gains. the biggest changes in philadelphia suburbs where three republican seats were democratic targets. republicans in the state legislature will challenge the new maps in court. the u.s. supreme court considering other cases from wisconsin and maryland addressing limits on partisan gerrymandering. >>> fergie apologizing for the national anthem at the all-star game. ♪ o'er the ramparts ♪ we watched ♪ were so gallantly streaming >> the singer goes on from there. issuing a statement an sayisayi wanted to try something different. fergie went on to say i love this country and tried my b

today, look at albertsons picking up the rest of the rite aid stores the walmart -- that walgreens was. everyone's wondering whether walmart is going to make a play and health care consolidation we see playing out. they certainly have the war chest, they have billions of dollars in walton family money to do to -- to do it if they want to. its not meant to be a walton. bloomberg's matthew boyle. thank you for breaking it down and joining us with the latest on walmart. our bloomberg business flash. the ceo of qatar airways says the ongoing saudi led economic blockade against his country has been mostly ineffective. he spoke today to bloomberg tv. >> we have expanded our network hugely and are at continuing to do so. we are continuing to grow. so the main purpose of the blockade, to intimidate us, has failed. it has increased our operating costs and has also put financial straight -- financial strain on the airline, and that's why i mentioned to you last november that our bottom line would be woulded and qatar airways be impacted for the first time in seven years. >> meanwhile the stock m

side, the albertson's safeway bonds.philadelphia eagles winning the super bowl. also like cvs, ross, pets med, preferred stock of travel centers of america. stuart: hold on a second. you have to go back to the chinese new year. that is, how big is that? i mean, enormous amount of consumer buying. >> in terms of worldwide buying, stuart, it's the biggest. the year of the earth dog, epitomizing sincerity, responsibility, loyalty, all the traits epitomized by you and your team here. people are buying, so you have late great, bob wilmers with year of dog envelopes for cash and lot of people buying gifts from gold to tiffany to general merchandise items at walmart and all the leading retailers throughout the prc, asia as well through the americas. stuart: is this a bigger chinese new year, than the last chinese new year, one before that. >> sales should be up 10% over all-time record last year. stuart: is there a way to put a number on sales? >> should see increase of 17 to $18 billion. stuart: just like that? >> yeah. stuart

. >> albertson's is expanding its drugstore business. they will by rite aid. some rite aid stores will continue to offer s-10 -- operate as standalone stores. >> a new quality-of-life survey ranks california 14 for the year 2017. they dropped one notch from 2016. financial status was a big drawback. the state with the highest quality of life, south dakota. west virginia have the lowest ranking. to go to hotel is set to open this spring in the presidio. it is a second hotel there. the new lodge is located on the main post. it has 42 rooms. reservations are now available. the cost is $275 per night. >>> a new poll shows that voters support a google development coming to san jose. 79% of residents support google's plans to develop a transit village that would bring 20,000 new jobs downtown. they want to build it right in the sap center and in the bart station. >> the use of transit by google employees is going to be off the charts. this is so good for san jose from a tax perspective, jobs and economy perspective and for the future of transit oriented development

albertson's trying to stay competitive with amazon and wal-mart.e wall street journal" reported in a supermarket chain plans to buy the rest of right aid that isn't being sold to walgreens. companies were $24 billion including debt. that is what is happening now. cheryl: we have been following this tragedy out of florida and the wake of the school shooting there. democrats and call for debate over gun control in congress. forget this. abc "washington post" poll shows 59% of americans think mental health republicans -- the mental health issues are more responsible for them. cheryl: here to weigh in, republican strategist chris maloney and to defend the president, ted harvey. good morning. >> good morning. >> thanks for having us. cheryl: when it comes to conservatives, they are now willing to have this debate, but the poll says most americans take the issue is more mental health that it is gun control. where does that politically lead republicans? >> 57% of americans still think this is a mental health issue that is a debate we need to be having. de

. >> supermarket giant albertsons is planning to acquire the remainder of rite aid not being sold to walgreens. it will cost $20 billion plus debt. it will oversee 4,000 stores and pharmacies across the country. >>> we're down 173 on the dow right now. walmart is a about loser here. the concern, will we see higher treasury yields, higher inflation and will the fed have to get very aggressive. joining me from the floor of nyse, matt cheslock from virtue financial. what is your take, down, 200, matt? >> we've seen down 200 not mean anything at all. the concern is the 10-year yield going above three. we can get above 2.9 and hold. despite a huge auction today. i think those fears are really overblown. this is really the first one on the negative side with walmart. hopefully that can be a one off. retail has been mixed today. that is not dragging the whole sector down like with the huge etf plays in the past. trish: look at 10 year, nearly 3% but still not 3%. shouldn't, in a good economy, and we kind of have a good economy right now, shouldn't it be more -- you saw the 30 year, 3.16. th

albertsons that owns safe way and acme and put forth a plan to buy a portion of rite-aid. the directors have signed off. but the agreement still needs approval from shareholders and federal regulators. meanwhile, amazon is rolling out a new perk for prime members. they can get 5% back shopping at whole foods if they use the amazon prime visa card. it will still be 3% back on the purchases, the new offer is available now and amazon is slashing prices and offering deals since it took over the popular grocery store chain. a nice bright spot to the day. it's in the 70s. it's everyone in a good mood. if you are a snow lover, deep down you agree it's a nice day out there. weather center live on sky 6 hd. one place that is much cooler at the shore wind coming in off the water coming in from the spring and water temperatures in the 30s can do a number on that air temperature right along the immediate shore. and still a nice shot with the deep blue sky. city of philadelphia 72 degrees and the dew point up to 57. slightly feel humid for some out there. and winds southwest 14 miles p

. >> so the executive of albertson's, who owns acme, everybody else; saying it is buying about 2500 ritens. >> so here is the deal. hoping the move will help their company become food health and wellness leader. the combination of all of the companies, are going to make up more than 4800 stores and more than 4300 pharmacies, the combined value roughly $24 billion. >> makes sense. how about this one? new phones on the way. there was elite research note from the bank barkley's that says apple is targeting three new phones for release this going to be bigger six and a half indies play compared to the normal five hadn't 8-inch screen, original iphone ten. the report says face id may be added to this ipad pro refresh. now these are all just rumors, someone found some note someplace, but could mean major changes to iphones and ipads. i'll wait for all that to happen. >> the first treatment to help prevent serious al learning i can reaction toss peanut may be on the way out in california, testing a peanut powder to help children build tolerance to peanut. the result pretty good. the children ab

albertsons is a private he can quit backed company and owns safe way. >> generation x millennials beate category. according to new study out of the uk millennials are making less money compared to the previous generation. researchers look at eight countries with high income including the united states and they found that over all when accounting for inflation millennials make 4% less than the people in again x did when they were the same age. we may have new information about upcoming iphone models. a leaked research note from the bank barclay says apple is targeting three new phones to be released later this year. one of them dubbed iphone ten plus. it would six and a half display compared to the 5.8 screen of the original iphone x. the knowledge that bothers some people at the top of the phone would also get significantly smaller these are just rumors but it could mean big changes for the phones and i pads later this year f philly schools to grammy winner some students are getting head start with thanks to unique program. >>> gearing up for big road trip this summer. start saving for

. >> we just had a discussion about walmart and amazon, and albertsons and rite-aid.king for inflation in consumer goods, it's tough >> it is competition is growing as you point out, here amazon now announcing that they're going to be in there traditionally if you went in to get a bottle of ibuprofen or something, you would pick up one or two other things in the store. now if you're not going to the store, sales are going to go down, not op nly of ibuprofen bt other things >> they're trying. >> technology stocks are doing fairly well, including amazon in the early going. up 1.4%. even facebook actually up after what has been recent weakness. the stock flat for the year versus many of its so-called -- the f.a.n.g. group, at least you can't even count netflix anymore. up 48% this year >> crazy >> facebook continues to face that ongoing pressure as a result of the mueller probe, ru russia's influence on the election, using the platform they've been keeping a low profile other than mr. goldman who mistakenly tried to speak up that was not smart on his part for a company t

we had a deal with albertsons yesterday. the grocery store was going to buy right aid.ere much bigger beneficiaries of that news. rated bonds go- above par. that was a huge benefit, and would be a boon. on the other hand, spring bonds were selling off in addition to an additional fund raise. i would argue that right now you are getting more discernment and a bifurcation of specific at to a lot of people indicates more help, than perhaps in the past. david: we tend to talk about equity markets selling off. what about the bond market? you see that spread so narrow on high yield, does that make the fed nervous? carl: they are watching financial conditions more broadly. if equities are up, that is a concern. if spreads are narrow and there is no discrimination in the market, that is also a potential point of concern. but what i think we can see by looking at high-yield spreads, credit spreads in general, very tight spreads. this is an important indicator of where we stand in the economic cycle. year, we kepthe hearing we are in year nine of the cycle so the next recession c

roan capital and valued at $560 million shareholders will get $15.75 a share plus a 25% premium and albertsonst of rite aid that's not sold >> thank you very much and if the dow ends lower today, it would be its first down day in seven sessions, if you're keeping track. the three indexes have recovered more than 60% of their losses in the great swoon of early february let's get some more on today' action seema mody is on the floor of the new york stock exchange. hey, seema >> good afternoon, tyler a choppy session thus far. down about triple digits on the dow, but not at the lows of the day. down about 123 points. check out the sector board consumer staples leading the market lower walmart on track for its worst day since twen 15. other names in the consumer space, kroger, kraft heinz, clor clorox, these larger consumer stocks all down about 2% to 4% what's also notable is the move on the dollar. higher today as the ten-year creeps up past 2.9%. last week, the weaker dollar is said to be one of the reasons stocks rebounded today, slightly different scenario let's see if it holds. moving on, a

3% while amazon is up more than 26%, which is unbelievable the amazon effect also causin l albe albertson'sg remaining drugstore locations. rite-aid is up 10% year to date. >> here's the optimistic case. the optimistic case is we are truly seeing amazon drive tough but necessary changes across industries whether it be pharma distribution, whether across media, qul it be across retail itself companies have to get smarter and so walmart is probably -- making those changes right now, at least in theory we've not seen the number for many years >> i like it i would agree, we've talked about this yes, there's a number of times when the coverage is phrased as amazon is going after everybody, you can't escape them. but maybe they're going to prod some industries into big changes for the economy. what do you think? >> i don't know that i -- it's a great for our economy in terms of more employment but i will say that -- unless and until people kick back against the environmental impact of all the shipping that amazon does, we'll be buyers of international paper. if you can't beat them, join them they

the largest was albertson's purchase of play due, that was 300 million. this is three times that size and more this shows you how big the shark tank platform becomes. every year deals get bigger and exits get bigger shark tank is the no. 1 venture capital platform on earth, i argue, today, just look at what it does to small companies it gets 10 million eyeballs a week in aggregate broadcast and syndication. >> and he said, look, it was after i appeared on the show that the sales of the product started to take off, and they have since broadened it from that one initial one that was pitched to more products i have to ask you this as now, you know, we consider whether this was a good acquisition by amazon, maybe they have bigger plans with it, why did you pass on it something about, you know, fundamentals of the business or ease of competition to come in here do you think there's still relevant concerns that at least amazon should keep in mind >> remember the time this occurred, a single product, valuation at the time was insane, little in sales, and a lot o