it's not just kroger or and albertson-branded stores.act a maine and -- act amy and numerous other banners. we see significant evidence that kroger and albertton are each other's top competitors today, and if the merger's allowed to proceed, that competition is eliminated and, ultimately, that would lead to higher prices across the board for millions of americans. liz: i'm confused by one thing. you say this is an absolutely massive potential merger. so between the two of them, kroger and albertson's, they would have a $48 billion market cap. walmart, which has a 30 market share in grocery, has a $478 billion market cap. amazon, which owns whole foods, $1.8 trillion. i mean, these guys are the 800-pound grill rahs. kroger and -- gorillas. kroger and albertson's argue it would give them more heft to buy in volume, and groce i have is such a thin margin type of business that the winners are able to do huge volume. why does that not fly with the finishing tc that these two together are still tiny compared to those big names? >> it's a great

kroger trying to buy albertsons.hey have crafted a defensive ves divestiture plan that has not met with approval of the ftc. we've talked about this. both of us aeptd the ftc would sue. does kroger have a shot of winning in court? >> no, i don't think so. i think you get to page 20 and 21 of the grievance -- very well written. >> the complaint. >> the complaint. very well written. it talks about the last time albertsons did this, selling 168 supermarkets to resolve the competition concerns when they did safeway. stores sold largely to hagan. the divestiture did not reserve competition -- cns which is piggly wiggly, unlike hagan that was not a shrewd operator, piggly wiggly has money here. >> they do. a number of important players backing including softbank. there's the expectation they have the wherewithal. >> i don't know that jonathan kantor feels -- i explained this to rodney mcmullen, the ceo of kroger, the one thing that kantor and khan have in common, they feel these deals sell when you carve off and say, we've

if albertsons and kroger merge? california attorney general rob bonta thinks so.f these two behemoths of the retail grocery industry combine forces, it's very likely that we'll see reduced competition. >> a serious blow to unions looking to negotiate better working conditions, higher food prices across the country at a time when so many families are already struggling just to get food on the table. bonta the federal trade commission and a bipartisan coalition of states announced a lawsuit challenging the proposed merger this morning . it's bad for workers. it's bad for agricultural producers. it's bad for consumers in california and across the country. >> if successful, the lawsuit would block kroger's $24.6 billion purchase of albertsons, the two largest national supermarket chains in the country, according to bonta evans cashier, saying today that the 2015 albertsons safeway merger put her livelihood at risk. >> it came with a cost a demotion and a pay cut of over $2 an hour. our customers and consumers deserve more. our neighbors rely on local grocery stores th

kroger and albertsons.inistration is suing what would be the largest supermarket merger in american history. it argues it would lead to higher prices. is it true? we'll have a closer look for you when we roll on. with so many choices on booking.com there are so many tina feys i could be. so i hired body doubles to help me out. splurgy tina loves a hotel near rodeo drive. oh tina! wild tina booked a farm stay to ride this horse. glenn close?! with millions of possibilities you can book whoever you want to be. that's my line! booking.com booking.yeah here's why you should switch fo to duckduckgo on all your devie duckduckgo comes with a built-n engine like google, but it's pi and doesn't spy on your searchs and duckduckgo lets you browse like chrome, but it blocks cooi and creepy ads that follow youa from google and other companie. and there's no catch. it's fre. we make money from ads, but they don't follow you aroud join the millions of people taking back their privacy by downloading duckduckgo on all your

the ftc has finally sued to block progress $24 billion acquisition of albertsons and cited lower wages for workers in higher prices for groceries. let's discuss with kailey leinz. we knew there was discomfort about the merger. what is the latest? kailey: the suit is not surprising. we had an idea it was coming. the ftc is arguing if the two largest supermarket chains were allowed to combine with 5000 stores, it would be damaging for customers in terms of higher prices and lower quality in the products and also damaging for workers because they would have less leverage over these combined chains and that could lead to lower salaries and pay for employees. it is interesting the ftc found the remedies these chains suggested they would offload more than 400 stores to another operator is not adequate. they say that would not go far enough to replace the competition lost if they were allowed to combine. they noted in grocery deals in the past, the offloading has not always been successful in terms of remedy. that is what the regulator is arguing. unions have also come out against the deal ar

it's to block the merger of kroger and albertsons.competition and lead to higher food prices. the attorneys general of eight states and d.c. join the lawsuit. the companies plan to challenge the ftc. >>> family dollar stores have pleaded guilty to holding consumer products in a rodent-infested warehouse in arkansas. the department of justice released a statement on monday says family dollar admitted to keeping food, drugs, medical devices, and cosmetics in the unsanitary conditions. family dollar must now pay $41.6 million. >>> you'll need a lot more than faith to get your hands on the michael george coins. the coin released by britain's royal mint has an image from his 1987 "faith" video and ranges in price from aurjds $20 to more than $6,700. it's the latest edition of the legend series. that's your "cbs moneywatch" report for this tuesday morning. i'm carissa lawson, cbs news, new york. >>> a member of europe's rothschild banking industry has died. yesterday the family announced the death of binancier and f philanthropist jacob rot

they say it will eliminate fierce competition between kroger and albertson's and reed llead to higherces we're talking about the second largest grocer behind walmart and the fourth largest grocer. the fear is that they'll eat up competition and become muching abouter much bigger players. on the other side, we've been speaking about wendy's, right? this is very interesting according to location, time and demand, prices may begin to increase or decrease, dependent on that. almost uber style, when you order a uber and there's perhaps a price surge, not just because of demand, that's pretty much what wendy's is saying here. they're investing $20 million to roll out digital menu logs which could ultimately be changed at very short notice in order to get a little bit more out of consumers. whether consumers will like this or not, or just go through on the down times will be interesting to look out for. >> if not, there's alwaysburg are k burger king and mcdonald's >>> hollywood's biggest night. the latest on an oscar showstopper from ryan gosling. showstopper from ryan gosling. adding lysol

kroger's proposed deal to buy albertsons is valued at 24.6 billion dollars tax company r block is getting hit with a lawsuit by the ftc over claims that it falsely advertised its tax prep product as free and pressured users to pay for expensive services. the ftc claims to the tax agency offered more expensive online products even if customers didn't need the extra forms. the agency also claims h r block made customers go through a lengthy process to downgrade their service and then allegedly deleted the previously enter data to incentivize downgrading. the ftc says h r block has been using deceptive marketing for years and adds a formal complaint means it has reason to believe a law of public interest was violated. >> still ahead on kron, 4 news at 6, a woman is behind bars tonight after police say she stole an amazon delivery band while driver was out delivering packages. the reason she apparently told police she did. plus, we're checking a spike in norovirus nationwide. what that entails and how you can reduce your chances of getting it. and then the chief is my belief. students at a sc

kroger's sub proposed deal to buy albertsons is valued at 24.6 billion dollars.t broke records this weekend. the agency posting on social media more than 123 1000 people took part to get around on saturday. the previous record was 116,000. bart gave a shout out to the san francisco chinese new year parade and the oakland fans staff for helping to boost the amount of writers. >> up next at 5 here it is a new effort to try to tackle 2 of california's biggest issues. the legislation lewmakers say we'll help retail theft and the opioid crisis. plus, a number of services says the east bay were knocked out after a recent ransomware attack. we'll let you know where things stand tonight. plus, a highly contagious stomach bug. is making its way across the country. what colder temperatures could be affecting the way at cretors, we handcraft every batch of our delicious popcorn. like our cretors cheese and caramel mix. great on their own, even better together. try cretors, handcrafted small-batch popcorn.

blocking kroger's takeover of albertson.ates and washington dc and imposing a deal. the merger would be the biggest deal in history. alphabet shares fell almost 4.5% yesterday on fears that missteps are putting business at risk. they have warned that google is an unreliable source and could create an opening for competitors. jonathan: biden pressuring congress, head. >> i think what ends up happening year is that they kick the can for a week or two. jonathan: this is bloomberg. ♪ how am i going to find a doctor when i'm hallucinating? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. jonathan: equity is the thing just a bit. . 10 here today. biden pressuring congress. >> the odds of avoiding a shutdown short-term are pretty good. they will probably kick the can a leak or two. the idea is that i april 30 there will be cuts, if they cannot make a deal. jonathan: coming a leak before a full on shutdown. we belie

the kroger and albertson's deal. the kroger and albertson's deal.xt. >> announcer: this cnbc program is sponsored by baird. visit bairddifference.com. every change leads to a bold possibility. you have the vision. we have the insights, financial solutions and global perspectives to help you make it real. barclays corporate and investment bank powering possible. hey you, with the small business... ...whoa... you've got all kinds of bright ideas, that your customers need to know about. constant contact makes it easy. with everything from managing your social posts, and events, to email and sms marketing. constant contact delivers all the tools you need to help your business grow. get started today at constantcontact.com constant contact. helping the small stand tall. >>> the federal trade commission filed a lawsuit to block the merger over kroger and albertson's. joining us, kathy o'neal, former senior director, and people are separated on this, and there are people that say the elephant in the room is walmart and kroger and albertson's should be able

burger propone la idea que implicaría la compra de albertson, que son 24 mil millones de dólares losna compensación monetaria. silvana henao, de nuestra cadena hermana 100, nos habla sobre esto y otros temas. hola, qué tal amigos? yo soy silvana henao y esto informe cnbc para telemundo. samsung presentó su último dispositivo portátil llamado el galaxy ring. el anillo inteligente se lanza con funciones para monitorear su salud, que incluyen revisión de la frecuencia cardíaca y del sueño. el galaxy ring saldrá a la venta este año, aunque aún no se sabe cuánto costará. el director ejecutivo de att se disculpó y anunció que la compañía ofrecerá 5 $ en crédito en la factura a miles de clientes afectados por la interrupción de la semana pasada. john stanky dijo que los consumidores y los clientes de pequeñas empresas afectados recibirán un crédito automático por el costo promedio de un día completo de servicio y más de la mitad de las personas que quieren comprar vivienda dicen que no ganan lo suficiente para comprar una casa. según una encuesta de bankrate, 51% de los compradores dicen qu

and have quality and options and a high high level services. >> kroger's proposed deal to buy albertsons is valued at 24 and a half billion dollars. >> consumers are rising costs and experts say it actually appears to be working frustrated by high prices. more americans are reportedly opting for store brands. discount taylor's and turning to used cars. and that's now pushing some large companies to slow down price hikes. analysts predict smaller price increases ahead, signaling consumers growing influence in fighting inflation. >> wendy's is taking a page from uber's playbook. the fast food chain is planning to test a surge pricing model, but prices will either rise or fall based on demand meeting a burger. we'll probably cost you more during the lunchtime. rushton i don't know 3 in the afternoon when the ceo says they'll be in testing. this surge pricing model starting next year. >> next, a murder investigation in santa cruz after woman's body was found at the beach and it's why police believe her boyfriend was behind the murder. plus, a disturbing warning for parents after california m

filed a lawsuit monday to block the almost $25 billion merger between supermarket chains kroger and albertsonsency says the deal would lead to higher grocery costs. >>> and 30 years after it was founded, a south london shop bought for just 50 cents a proof copy of the first harry potter novel has sold at auction for nearly $14,000. for more, download the cbs news app on your cell phone or connected tv. i'm ca rrissa lawson, cbs news, new york. >>> god, just be with us. >> tonight this just in. for the first time, we see the body cam video from the shooting at joel osteen's megachurch. >> we need units now. >> the new footage showing the heroic actions by off-duty officers as we learn the 7-year-old shot is still fighting for his life. >> i need the m.s. asap. >> announcer: this is the "cbs overnight news." >>> i'm norah o'donnell, and thank you for being with us. we are following a number of developing stories, but we do want to begin tonight with that breaking news and that first look at the shocking body cam video from the shooting at celebrity pastor joel osteen's houston church. the distur

next up, albertsons.eral trade commission is suing to block a 25 million -- $25 billion deal between albertsons and kroger. they say it will lead to higher prices, store closures, and job losses. you also have altice. charter communications looking at a takeover of the cable provider. it is unclear if a formal approach has been made. we will follow that one. you can follow the latest company buzz on tren go on your bloomberg terminal. coming up, food giant james tops estimates in his first earning support since -- jm smoker. we will speak with the ceo next. this is bloomberg. ♪ ♪ ing? what about zocdoc? so many options. yeah, and dr. xichun even takes your sketchy insurance. xi-chun, xi-chun, xi-chun! you've got more options than you know. book now. you don't have to worry about things like changing tax rates or filing returns. avalarahhh ahhh katie: shares of the jif peanut butter maker and jm smucker are higher after beating estimates thanks to strong demand for its pet food and pantry staples. for more

safeway/albertsons is one of them, that have resulted in fewer jobs and stores closing.no store closings but it's something the ftc is challenging. >> i recall you put up a market share chart. i doubt we have it now i think walmart was 29%, even with the combination of albertsons and roger >> it would be much lower. of course. kroger's point is costco is a big player, target's a player, dollar stores are a player, and the ftc sort of dismisses that as these are the two biggest grocery chains i think the union piece is really important, too, because they included labor, the ftc, and i believe believe for the first time as part of their legal argument in the complaint, not just about harm to consumers. >> i'm glad you had him. we'll continue to focus on the potential for that transaction. >> they have earnings next week, too, so more to come. >>> we have a whole lot more on the fed, inflation, the markets. tomorrow we'll sit down with chicago fed president austan goolsbee that will be a first on cnbc interview. market coverage continues. rude. who are you? i'm an investor

- kroger i should say in terms of the acquisition of albertsons. carl, we can talk about that a bit later >>> we begin with arm holdings up 30% in the session on monday, extending the post earnings rally into a second week. shares taking a breather so far in the premarket. we'll watch nvidia briefly passing amazon as we said yesterday in market valuation during monday's session for the title of america's fourth most valuable company. jim, today lattice with a pretty weak sales guide. how much of a rest is deserved here if any? >> i think there's a belief developing, whether it be aris sta, cadence design, lattice that there's an air poshth, a sly down. digestion is a word people use. too much equipment ordered. this is the new negative thesis that started developing yesterday. it will continue today. i think arm, i said last night, one of my favorite stocks. obviously a short squeeze that david applied the other day because 90% is locked up. as much as 93. you look at the core tenets they put it in. i said, look, those who want to buy nvidia, you'l

second big story the federal trade commission suing to blockage what if i billion-dollar kroger albertson supermarket deal both the white house and kroger are weighing in the ftc says the deal would boost grocery prices for millions of americans if it were allowed to go through, the combined company would have more than 4000 stores and we should mention because tomorrow when we have henry, the director of the federal trade commission bureau of competition were going to ask him about this and as for kroger weighing in at the last hour and a half they are serious, the chain says if you don't allow the merger to go through it only strengthens walmart, costco and amazon albertsons up half 8% we have kroger down a fraction. walmart if the market is speaking the market agrees with kroger walmart is moving higher by 2% at the moment. by the way it just announced a three, four, one split. let's get to amazon on the first day of trade is the newest member of the dow 30 the e-commerce and tech giant hit a two-year high and headed south the north and south and north and right now it is flat at the m

the federal trade commission is suing to block the merger between kroger and albertsons, the companies say joining forces will help them better compete with walmart, amazon, costco and other big rivals. but the ftc claims a merger will eliminate competition and drive prices even higher. in the meantime, customers looking to save are increasingly turning to store label brands need cream cheese for your bagel? a 12 ounce tub of kraft's philadelphia cream cheese and one store in virginia cost $6.69. the store brand 319 a 32 ounce bottle of heinz ketchup is. 629. the store brand alternative just 169 kellogg ceo is facing backlash for his cost saving tip. he suggested people feeling the strain should eat cereal for dinner. >> think about the cost of cereal for a family versus what they might otherwise do. that's going to be much more affordable . well, i'm all for innovation and marketing, but the idea of having cereal for dinner is there. the potential for that to land the wrong way? we don't think so. in fact, it's landing really well right now. carl >> well, as for the new prices at wend

the state of california, they are suing grocery giant, kroger and albertsons to block them from merging. >> lot of consolidation and it's up to us to stand up for everyday folks, for workers, for consumers, for folks who want to pay a fair price. and have quality and options and a high high level services. >> california joins the ftc in 7 other states and the district of columbia. and following monday's lawsuit say it will result higher prices, reduce customer choice. lawsuit also says the merger violates federal anti monopoly law. kroger's proposed deal to buy albertsons is valued at 24.6 billion dollars. >> for your money this morning, state superintendent tony thurmond is back in new legislation now to provide paid pregnancy leave for all california public school employees, a coalition of educators others joined him at the state capitol monday to shine a spotlight on the fact the teachers don't currently receive pay pregnancy. leave. >> kind of outrageous. sardine time right now that we're in a we need teachers, we need educators and pete and women are a few male dominated profession

kroger and albertsons. over $24 billion deal back in 2020 to the grocery chain says the merger would help them compete against walmart and amazon but the federal trade commission and california's attorney general disagrees they believe the merger with me fewer choices for consumers and drive prices up. today they will try to stop the deal. >>> we have more details on donald trump civil fraud case he's moving to the appeals court. former presidents attorney saw the notice of appeals today. his trial over his civil fraud lawsuit started october last year. the state accusing him of lying about it as well. also inflating the value of his property. a judge ruled last month that he has to pay $454 billion. another penalty a judge ruled last month he has to pay 454 million. he's not allowed to leave any -- the appeal assured the legal fight over his business practice will be in the thick of the presidential election but he could lose a sizable chunk of his fortune and it could force the sale of some of his most ic

the state of california is suing grocery giant kroger and albertsons to block them from merging. >> lot of consolidation and it's up to us to stand up for everyday folks, for workers, for consumers, for folks who want to pay a fair price. and have quality and options and a other states and the district of columbia following monday's lawsuit saying it will result in higher prices and reduced customer choice. the lawsuit also says the merger lyla is federal anti monopoly law. kroger's proposed deal to buy albertson is valued at 24.6 billion dollars. >> for your money this morning, state superintendent tony thurmond is backing new legislation to provide paid pregnancy leave for all california public school employees. he was joined by coalition of educators and mothers at the state capitol on monday. they expressed concerns over teachers not currently receiving paid pregnancy. leave. many who spoke shared frustration that teachers often have to leave the job on their own time and own dime due to pregnancy. >> just sardine time right now that we're in a we need teachers. we need educators an

. >> the ftc filed suit today to block the merger of kroger and albertsons. the two grocery stores agreed to merge back in 2022, saying it would help them to better compete with walmart, amazon, costco and others. analysts say the merger would give the combined company control of about 13% of the u.s. grocery market. that's less than walmart, which controls 22% of the market. kroger and albertsons say they will be challenging this lawsuit in court. >> a google is planning to relaunch an artificial intelligence tool after it was taken offline. just last week for creating historically inaccurate images. google officials say that they expect the tool gemini ai, to be released in the coming weeks. now, the company paused the tool after its users noticed it created images of people that were not historically accurate, such as founding fathers with skin tones and genders that were not correct. >> but it turns out that you know that we it wasn't working quite the way we intended it to work. it had these issues with the historical figures. so and this points out one

kroger's proposed deal to buy albertsons is valued about 24.6 billion dollars. state superintendent tony thurmond, by the way, is backing new legislation to provide paid pregnancy leave for all california public school employees, a coalition of educators others joined him at the state capitol monday to shine a spotlight on the fact that teachers don't currently receive pay pregnancy. leave. >> kind of outrageous. sardine time right now that we're in a we need teachers, we need educators and pete and women are a few male dominated profession and we don't have maternity. so it is surprising and it does seem like something from the past that should have been fixed already. >> well, there is no formal opposition to this legislation. at the moment. we'll keep following the story. we'll take a break here on the kron. 4 morning news. but coming up, all eyes back on boeing after a safety report reveals more discrepancies. >> we'll tell you why the fda is now calling for a major overhaul. and after the break, troubling reports for youth here in california. we'll tell you

kroger's proposed deal to buy albertson is valued at 24.6 billion dollars. >> in news for your money this morning, state superintendent tony thurmond is backing some new legislation now to provide paid pregnancy leave for all california public school employees. he was joined by coalition of educators and mothers at the state capitol on monday. they expressed concerns over the fact that teachers are currently receiving paid pregnancy leave and many who spoke shared frustration that teachers often have about having to leave their job on their own dime due to pregnancy. >> kind of outrageous. sardine time right now that we're in a we need teachers, we need educators and pete and women are a few male dominated profession and we don't have maternity. so it is surprising and it does seem like something from the past that should have been fixed already. >> there's no word on if there's any formal opposition to this at the moment. 7.26. is the time coming up next on the kron 4 morning news. the biden administration is focusing on port cybersecurity. tell you how the new investment strategies

hold this morning. >> the federal trade commission has sued, arguing the deal between kroger and albertsonsould raise grocery prices and hurt workers. kroger says blocking the merger is what will actually hurt customers and workers. number four, if you're in the south bay, you can get a jump start on summer camp for your kids. >> santa clara parks and rec is having a summer camp fair at the community recreation center today on kelly boulevard. dozens of camps will be represented. they'll be there from 530 to 7:30 p.m. camps begin the week of june 3rd. number five. >> take a look at this picture from sutro tower. the golden gate bridge looking great in that sunshine this morning. it is quite cold out there. we have frost advisories up in the north bay. this until 9 a.m. because you can see our coldest cities right now, lake sonoma starting at 35. at 37, saint helena, even danville right now in the east bay at 37. so that winter coat going to be your best friend this morning. but take the sunglasses with you because it's nothing but sunshine today. enjoy the dry weather, afternoon highs will

kroger proposed the steel to buy albertsons, which is valued at 24.6 billion dollars. caters in the east bay school district and the pleasanton unified school they were together this afternoon as the teachers union is saying they voted to authorize a strike if their demands are not met. they are asking for over 14% pay increases to keep up with the cost of living. the union says the pay raise but help attract and retain high-quality educators. they're also calling for more student resources along with smaller class sizes. in case loads this rally set to start at 3.45 this afternoon and ahead of the rally, the pleasanton unified school district says, quote, we remain willing and hopeful to continue to collaborate with the association of pleasanton teachers to reach a mutually beneficial agreement that supports an increase in salary and benefits within our means while maintaining our commitment to our broader community as fiscal stewart's. let's talk about our forecast right now. here's a nice pretty picture here. looking out towards the golden gate bridge place and gree

the federal government says albertsons and kroger shouldn't be allowed to combine. and what we could see at the store if they do. >> and today, the warriors will start a very important four city east coast road trip. they're also welcoming back a star ball handler who's been out with a broken hand for almost did my legs shrink? i can move them. i mean, i knew alaska airlines' premium class had extra legroom but this... this feels different. okay. crazy idea. on the count of 3... i'm going to try and cross my... ohhhhhhhhhhh boyy that's nice. woooooo! ( ♪ ) "overflowing with ideas and energy." that's the san francisco chronicle endorsing democrat katie porter for senate over all other options. porter is "easily the most impressive candidate." "known for her grilling of corporate executives." with "deep policy knowledge." katie porter's housing plan has "bipartisan-friendly ideas to bring homebuilding costs down." and the chronicle praises "her ideas to end soft corruption in politics." let's shake up the senate. with democrat katie porter. i'm katie porter and i appr

i should say, proposed merger, the ftc is suing to block a 25 billion deal between kroger and albertsons, the ftc says the deal would hurt customers already facing high food prices this is kroger and albertsons are gearing up for a fight. now, cnn's vanessa yurkevich is with the with the details on this. >> yeah. this was a deal that was announced in 2022. it would basically merge the number five in number ten supermarket chains here in the us but essentially the ftc is saying not so fast guys, this would have been the biggest supermarket supermarket merger in history. >> stepping on that all day, my >> supermarkets, supermarket, but worth $25 billion. but the ftc is essentially saying no, we're suing over this because it's going to essentially lead to job losses store closures, and higher food prices, which is what americans have been struggling with for so long now, food prices are up 26% since 2020. and kroger on the other hand, is saying, well, wait a minute, guys were actually creating this merger to provide diversity in the market to compete with the walmarts, the amazon, the cost

kroger and albertson are prepping to meet with the ftc lead to persuade the agency.orning, what kind of deal will they make down in washington? annmarie: you look at kroger, and they say, how do you expect us to keep up with walmart and amazon? they say this will help boost wages. well, the ftc and people like senator warren say it will hurt workers in be bad for unions, but if you look at why can't albertson and kroger get through, how will capital one have a chance? jonathan: what company would senator warren like or is there any consolidation she would approve? lisa: maybe one deli on one side of the street and the other one on the other side of the street but then they could jack up the price of coffee. jonathan: hard to say, it is the year of the regulator in washington. next, ev demand and focus. >> we are developing a low cost ev platform so that we can be a big part of this s-curve when it comes time, and that is, i think, coming in a couple of years from now. jonathan: that is next on the program. live from new york, this is bloomberg. ♪ jonathan: big aftern

. >> the federal trade commission has sued, arguing the deal between kroger and albertsons would raise grocery prices and hurt workers. kroger says blocking the merger is what will actually hurt customers and workers. >> number four, if you're in the south bay, you can get a jump start on summer camp for your kids today are already talking about summer camp in february. santa clara parks and rec is having a summer camp fair at the community rec center on keeley boulevard. dozens of camps for all ages will be there from 530 to 7:30 p.m. camps begin the week of june 3rd. listen we're only three weeks away from spring, so summer is just around the corner. >> but this morning it feels like winter frost advisories are up for the north bay. we're starting out in the 30s and our coldest areas, but we have clear skies. get ready for a bright day. sunny afternoon ahead with temperatures in the upper 50s to the mid 60s and our number six live. >> look outside at our bay bridge toll plaza. camera metering lights are not on yet. no weights for you right now. and from the toll plaza to san francisc

who's suing to keep albertsons and kroger from combining what do i see in peter dixon? i see my husband... the father of our girls. i see a public servant. a man who served under secretary clinton in the state department... where he took on the epidemic of violence against women in the congo. i see a fighter, a tenacious problem-solver... who will go to congress and protect abortion rights and our democracy. because he sees a better future for all of us. i'm peter dixon and i approved this message. when peter dickson led my platoon into combat in afghanistan, he cared about two things: completing the mission, and making sure his marines came home. and we all did. pete's always fought for what he believes in, and i know he'll do the same in congress for affordable housing, the rights of women, and the democracy he swore to protect. because helping people who need it has always been pete's mission. and i know he'll get it done. next generation veteran fund is responsible for the content of this ad. here's your biggie bag. all that food for 5 bucks. -that's my go to. -oooh

to concentrate, breathes deeply in and out and make sure your breathing becomes regular albertson for like being married. the past time might said southern european jewels chattering, but here up north, it's a tradition. it said the vikings practice. i speeding over a 1000 years ago to nowadays thousands of not beings go swimming outside in winter, including in the delta of a river in the capital riga. the ice here is dick and chips of it could really hurt . it's why men from the polar bears association spend hours preparing the swimming spot for fans of extreme temperatures. those 2 actually closer systems, typically lafayette, because we lot fans are used to rough winters, and that's why we aren't thought squared if the cold by dr. things you cold water isn't anything unusual to us, moves no, and the cost of it. we go bathing in the cold and it feels great. it felt that the best value to us, but even stig, ice bathing is meant to be beneficial for your health. when you jump into cold water, the body's vessels contracts. when you get out, they expand again, increasing blood flow, whi

lawmakers are trying to block what they are calling a mega merger between supermarket chains kroger and albertson's. kroger proposed a $24 billion deal back in october of 2022. the grocery chain said the merger would help them compete against walmart and amazon. today, attorney general rob bonta said the merger would lead to fewer choices for consumers, and that would drive prices up. he's joining the ftc and other states to block the merger. >>> the supreme court is hearing a case right now over speech on social media. it comes after states like texas and florida passed laws saying social networks should not be able to sensor people's posts. on one side, those who say sites like facebook and x are like newspaper. they should get to decide what's in it. the other side argues that the networks are more like telephone systems. anyone should be allowed to use it for any conversation they want, and the phone company shouldn't stop them. we are not expecting to get a ruling from the justices today. >>> want to take a peek outside, this time from the east bay overlooking walnut creek. we're tracking your

the federal trade commission is suing to block the merger between kroger and albertsons. companies say joining forces will help them better compete with walmart, amazon, costco and other big rivals. but the ftc claims a merger will eliminate competition and drive prices even higher. in the meantime, customers looking to save are increasingly turning to store label brands need cream cheese for your bagel? a 12 ounce tub of kraft's philadelphia cream cheese and one store in virginia cost $6.69. the store brand 319 a 32 ounce bottle of heinz ketchup is. 629. the store brand alternative just 169 kellogg's ceo is facing backlash for his cost saving tip. he suggested people feeling the strain should eat cereal for dinner. >> think about the cost of cereal for a family versus what they might otherwise do. that's going to be much more affordable . >> well, as for the new prices at wendy's, they'll be tested next year. >> we'll see how that goes. coming up, taylor swift's father accused of assault. >> also ahead, a witness at the rust movie set shooting trial describes the moment

. >> there's an effort underway tonight to block the proposed merger of albertsons and kroger, america'swo largest national supermarket chains. california attorney general rob bonta says california among the states joining the federal trade commission lawsuit to stop this deal if it went through, it would be the largest supermarket merger in history. the lawsuit claims the merger violates federal law and would lead to higher prices, store closures and job loss. >> there's no other way to say it. it's bad for workers. it's bad for agricultural producers. it's bad for consumers in california and across the country, the lawsuit is also supported by labor unions representing grocery store workers. >> the merger, announced in 2022, includes dozens of chains, including safeway and vons. the companies claim the deal would actually reduce prices for shoppers because of their buying power. >> happening tomorrow, another release of these mega popular stanley tumblers, the hefty, thermos like cups have become so sought after they're now having to do a sweepstakes style release. the release for the

ashley: the government is suing to block a $25 billion supermarket super merger between kroger and albertson's has high food prices have become a flash point to us consumers. hedge fund manager jonathan honing has a little more in the paycheck. what are the implications for the grocery sector. how do you see it playing out and what are the implications? >> reporter: the government is talking about the greed of corporations being the cause of high grocery prices, nothing to do with the inflation they cause but going after these companies. antitrust is ineffective, immoral and impractical, and and and it's important in industry like groceries. there was massive profit margin of 1.7% and the government saying no competition. what about instant car, amazon, renewable places for consumers to get groceries. standing in the way of this merger is in the way of progress for the economy. ashley: if you play devils advocate, the less companies in a certain sector the easier it is to dominate and set prices wherever they want. >> look at the history. and staples and office depot, a merger that had to happ

. >>> we are watching shares of kroger and albertson's after the block of the merger after it would result in higher prices for shoppers and lower wages for workers. >>> not out of the woods yet. that is the outlook on the fed inflation fight from kansas city president jeff schmid. stressing patience when it comes to rate cuts. >>> here is what to watch today on the economic front is durable goods and economic figures and the s&p shiller home prices. we get results from lowe's and macy's as well as e-bay. >>> stocks are looking to share off the trading week. stocks are in the green across the board. the dowwould open up higher right now. on "mad money" last night, jim cramer said there are reasons to be on thptimistic with the quary rules. >> these are all signs emblematic, not a bubble. stocks are going up on rationale experience. they are not going up on the dreaded multiple expansion where people keep paying more for the same earnings. >> for more on this and the trading day ahead, let's bring in jenny harrington from gilman hill. >> good morning, frank. i'm doing my homework up until t

albertsons and credit, washington says no. and discover, washington says no. >> from a political perspective, the wings of the two parties these folks are speaking for, i do think there is a general allergy to any kind of concentration. it is not surprising to see those folks come out against the deal. it is a narrow swath, but a politically influential set. warren's perspective is aligned with the doj and ftc. the sort of outside thing takes that come from that antitrust movement have also been broadly skeptical of this deal. the pressure to scrutinize it is intense. certainly to draw out the review. how it goes in courts is a different question. the concentration on the issuance side of things and the pro-competitive impact of strengthening discover cut opposite ways on this. i tend to think the latter is going to be more compelling when it goes to litigation, if it does. there are multiple different lenses through which you can look at this. annmarie: when you look at this pressure from a leading democratic voice, and as we

the biden administration is moving to block a proposed merger between kroger and albertsons.he deal would be the largest supermarket merger in u.s. history. the federal trade commission filed suit today saying it would eliminate competition and drive up prices. on wall street stocks lost a little the dow jones lost 62 points to close at 32,069. the first u.s. moon lander in more than 50 years is expected to go dark tomorrow. intuitive machines says its odysseus craft landed sideways so it cannot operate for a week. japan sayitmoon lander also resting on its side survived the weeks long lunar night and is operating. still to come, looking ahead to michigan's presidential primary and afghan activists memoir, the flight -- plate to educate women . and artificial intelligence helps decipher ancient scrolls varied in volcanic ash. >> this is the pbs newshour from weta studios in washington and the west, arizona state university. amna: the supreme court heard arguments in a consequential case navigating first protections on social media. tech companies taking on state laws decrying

this hour, the ceo of kroger responding to the ftc on the agency's block of its albertson's merger. >of pce inflation report tomorrow and what he expects from the fed. >> the ceo of cava on a huge earnings beat and same-store sales surge for the quarter, a lot higher than the market was expecting. >> for sure. >> major indices right now are still under some pressure, but rising towards the flat line. the s&p 500 is almost back to

i want to check kroger in albertsons the ftc is expected a lawsuit blocking the proposed merger betweenuld be a $24 billion deal but it created a grocery empire with more than 4000 stores under its banner that sparked antitrust concerns over -- the government thinks big is bad that's what's going on. >> the food stores saying we need to compete with walmart so we need pricing power and we need to get together you also have the $35 billion deal between discovery and capital one. stuart: their screaming in my ear we had to get to the trivia question what is the average duration of the human i bli blinking. a quarter of a second third of a second or .45 seconds. stuart: i think i know. we'll be back. investment opportunities are everywhere you turn. do you charge forward? freeze in your tracks? or, let curiosity light the way. at t. rowe price, we ask smart questions about opportunities like advances in healthcare and how these innovations will create a healthier world tomorrow. better questions. better outcomes. (man) what if my type 2 diabetes takes over? what if all i do isn't enough? o

lauren: they're pushing for the ftc to approve their merger with albertson's.ey will lower prices and -- stuart: they will lower prices? lauren: yeah. well, that's one of the concerns from the regulators, that if you have more consolidation, the big, bad supermarkets are going to keep gouging you. so kroger or's is coming out and saying we're not going to do that. in fact, we're going to use our merger to lower prices so we can compete with walmart which is the biggest grocery store. stuart: coming up, a new study out of new zealand claims eating a kiwi a day could improve your mental health in just four days. is dr. marty papa carry convinced, or is this just another fad? we'll discuss. >>> this time inviting a speaker who tried to justify the october 7th terrorist attacks on israel. we'll bring you full story. >>> nearly 14,000 migrants were apprehended in arizona -- actually, just in the tucson area -- in just the last week of january. has the state become the epicenter of the my garth grant my kris? i'll put that to sheriff mark lamb. he's next. ♪ ameritrad

. >> lose an effort now underway to block the proposed merger of albertsons and kroger, america's two largest national supermarket chains, today, california attorney general rob bonta announced that california is among the states joining the federal trade commission lawsuit to stop this deal. the suit claims the merger violates federal law and presents a significant risk of reduced competition, which would lead to higher food prices. >> there's no other way to say it. it's bad for workers, it's bad for agricultural producers, it's bad for consumers in california and across the country. >> the lawsuit blocking this deal is also supported by labor unions representing grocery store workers. the merger, announced in 2022, would include dozens of chains, including safeway and vons. the companies claim the deal would actually reduce prices for shoppers because of their buying power. >> let's move now to news from the supreme court. and two cases that apply to most of us. the justices are hearing arguments in two cases about how the first amendment applies to social media companies. abc news

the federal trade commission today sued to block kroger's $24.6 billion deal to buy rival, albertson's filing the ftc said the merger would lead to higher prices for consumers and has antitrust concerns with states including colorado and washington already suing to block the merger. back to you. >> appreciate that. >>> coming up, berkshire shares, two committee members own that, which means we will trade it. we will do that, next. to create new legacies, to transform a company, industry, economy, generation. because grit and vision working in lockstep puts you on the path to your full potential. old school grit. new world ideas. morgan stanley. welcome to ameriprise. i'm sam morrison. my brother max recommended you. so, my best friend sophie says you've been a huge help. at ameriprise financial, more than 9 out of 10 of our clients are likely to recommend us. our neighbors, the garcía's, love working with you. because the advice we give is personalized, -hey, john reese, jr. -how's your father doing? to help reach your goals with confidence. my sister's told me so much about you. that'

the federal trade commission is suing to block grocery chain kroger's $24.6 billion deal to buy albertson'sid the merger would eliminate competition and lead to higher prices for consumers. nine states, including colorado and washington already suing to block it. >>> the irs will open its free tax filing site to more users as filing season gets into full swing. the agency said the free site will be available for users who meet certain criteria, while the platform will be available for the rest of the public in mid march. >>> intuitive machine says its moon lander tipped over while landing. on monday the private company said it was still in contact with the lander, even though its antennas were pointed to the ground, limiting its ability to communicate. it will be able to do so until tomorrow morning. it was expected to spend a week collecting data. every now and then things just tip over. >> sounds like a setback. >> for sure. >> bertha coombs, thank you. >>> coming up, what do a mullet contest, pool noodle fight and beer run have in common? beer run have in common? >ultomiris is for adults

why the deal to combine kroger and albertsons will be bad for customers. >> drug delay.usands of pharmacies still facing -- nearly one week after a cyber attack hit the nation's largest health insurer. bad blood. trouble on taylor swift's to her as her father is accused of assaulting a paparazzi in australia. >> burger surge: how wendy's is taking a page out of uber's playbook when it comes to prices. the fast food wars heating up giving a frosty reception. >> just what the doctor ordered. how a $1 billion donation is radically changing the lives of these future doctors. ♪ ♪ >> spring break on a budget. shredding prices. it's becky versus gl to see who can find you the best savings from skis to the high seas. >> it's my job it's just beach. >> the man behind the tan. ryan gosling's oscar moment is finally here. ♪ ♪ you are not dreaming. live in times square, this is "good morning america." >> "good morning america." hopefully, you know that you are not dreaming with the oscars less than two weeks away now. >> looking forward to that. as you get ready for the morning comm

so what are the chances that his ftc doesn't allow albertson's and and kroger to merge? 17.6%. so is everybody price gouging them, not just the food stores? ashley: well, according to biden, breed-flation, that's a new one. lauren, thank you very much. [laughter] >> coming up, oh, yes, it's friday. send in your feedback. e-mail your questions, comments, critiques, criticisms to varneyviewersfox.com. oh, by the way, or it's groundhog day, and punxsutawney phil has made his prediction. will there be six more weeks of winter, or will spring come early? yes, please. janice dean is in gobbler's nob, and she's going to tell us if phil saw his shadow right after this. ♪ 'cuz i'm chasing sun. ♪ i'm chasing the sun ♪ with the majority of my patients with sensitivity i see irritated gums and weak enamel. sensodyne sensitivity gum and enamel it relieves sensitivity helps restore gum health and rehardens enamel. i am a big advocate of recommending things that i know work. your record label is taking off. but so is your sound engineer. you need to hire. i need indeed. indeed you do.

there's been pushback against mergers and acquisitions, kroger's and albertsons, spirit airlines and blue. wendy's is experimenting with dynamic pricing. it's rolling out electronic menus to some locations. the company made that announcement earlier this month, but it's just now getting attention. if you use uber or lyft, you're familiar with dynamic pricing. prices go up when drivers are scarce to attract more drivers. in the case of a hamburger, it's just profits. higher prices don't attract more hamburgers. the san francisco giants were a pioneer in this, which can go the other way. tickets to a brewers came on a tuesday are going to be a lot cheaper than tickets to a dodgers game on a saturday. the state of texas and florida went before the supreme court yesterday in washington to argue their case for restrictions on some social media companies. they say they want to bar facebook and others from censoring certain political viewpoints. tech companies say they don't censor, they edit. justices seem skeptical of the arguments and supportive of social networks' first amendment rights

the ftc says the proposed $24 billion deal involves kroger and albertsons would lead to higher pricesfornia, as well as attorneys general and seven other states, have joined the ftc's federal lawsuit. >> we believe that such a merger would harm consumers and harm workers, harm agricultural producers, that it will reduce competition, reduce choice, reduce quality, and increase prices. >> now, the two giant grocery chains agreed to merge back in october of 2022. this proposed deal would give them control of about 13% of the entire us grocery market. it is just about 459. a big upset in the world of competitive eating. the bay area's joey chestnut, you know joey, he's the hot dog champion, but he lost to fellow competitor james webb in a pistachio eating contest in santa monica. some of the other contestants included la chargers pass rusher joey bosa, the older brother of 49ers star nick bosa. webb won by cracking open and just devouring 338 pistachios in eight minutes. well eggo is taking national pancake day to the next level. the company, known for its frozen waffles, announced that i