kroger combined with albertsons would have more heft with suppliers.y will have larger loyalty programs, better for you and find it cheaper to make their own knockoff private label br brands and that's where the saving comes in. management believes the bill could be 1 billion it could take 40 years to get there. these gains are coming from better sourcing, better technology, better supply chain, better manufacturing and lower costs. kroger expects the deal in the first full year that's amazing they expect it to be double digit by year four they're also talking about a 30% boost to annual free cash flow by year four these are phenomenal numbers financially it's darn compelling why wouldn't they want to do this deal to transform them to the second largest grocer next to walmart they're taking on a big competitor great for business the only real question here is if the government will let it happen let's start with kroger's case but first i want to point out it's clear this isan uphill climb, which is why they aren't even planning to close the deal until

big beneficiary potentially, kimco could be, of the kroger-albertsons mega merger.s now for a first on cnbc interview is our friend connor flynn, the ceo of kimco realty so why don't we start with kroger and albertsons? how does this help you apart from the fact that i understand your company has some equity in albertsons >> hi, tyler nice to see you. thanks for having us >> you bet >> kimco had a phenomenal quarter this quarter we're very proud of the team and the results really speak for themselves we are uniquely positioned to benefit from the albertsons-kroger merger actually dating back over ten years ago we made a strategic investment in albertsons and have seen the fruits of our labor really pay off we actually generated over 300 million of proceeds from selling close to 11 million shares of albertsons prior to the end of the quarter, and we still have 28.3 million shares remaining in albertsons so as the kroger and albertsons deal moves forward we're in a great spot to have ample amounts of liquidity really at a time where obviously capital is going to be ki

and not as much as albertson's i think they could feel they could come down to albertson's pricing to with walmart, who has the everyday lowest prices, according to their own slogan no question that the authorities would take a look at things like pricing and hold them to account. i think it's also part of kroger's plan to grow revenues for a company like albertson's to do that with pricing, to do it with distribution and warehouses and e-commerce, where kroger is very far ahead of albertsons they would need to argue that pricing will go down for consumers. in fact, maybe a good case to come together to do that because it's going to be all about rising prices in an inflationary environment. >> it is amazing to see albertsons down 6% on this news. >> rick santoli said 5% spread the market doesn't think this deal is going to get done. >> we do know the biden administration has been and the regulators of this administration have been incredibly anti-merger, anti-deal across so many industries so this is certainly going to be a key one to watch the arguments about by getting bigger we bec

albertsons is down about 8.8%, about 4.7 billion of albertsons debt that's a 33% premium to albertsonser, the two will employ more than 700,000 people across 5,000 stores. joining me now with what this means for the grocery industry, which has become so wildly competitive, is strategic research group managing director , bert flikcinger, who owns both shares of albertsons and krogers correct? >> yes. liz: what do you make of this deal? do you like it because the market doesn't. >> liz the market doesn't like it because the federal trade commission has been overly tough on the stop and shop acquisition and it wasn't the acquisition. it was just they chose the wrong experts that made the erroneous assumptions and conclusions, and prior to that, the staples office max merger and the federal trade commission, liz, really needs to look at this like costco's acquisition of price club, decades ago and they need to look at it as the combination of marshall's and tj maxx, and we've worked with all these companies and it's critical for middle class living because nobody does more at a lower price

>> it is a really important kroger acquisition of albertsons i worked with both companies most federaln chair women commissioners, ftc is institutionally well-intended but he regrettable consequences 10 of top 25 chains filed for bankruptcy or liquidation kroger albertsons have skill but need sides scale to compete with amazon -- target, costco, et cetera, the brand manufacturers alma mater procter & gamble and others are prejudice not passing deals combination like kroger albertsons get private inflatable 25% currently to 40% in return put more pressure on national brand vendors to give lower prices writing second volume of the book explosive growth private brands north america private labeling 60% canada england, scotland new zealand australia need better private label kroger albertsons doing at better value to give a better cost-of-living so many people tell me, me back at more privately now than previously because of problem with inflation top the name brands cost significantly more people are looking to save that 50 cents on a box of cookies whatever it is because it matters right

. >>> now, one of south bay's most visited halloween houses, the albertson family in san jose starts getting ready for halloween a year in advance. their elaborate decorations couldn't be possible without the help of their whole community. >> i love halloween a lot. when i was a kid, i used to draw halloween houses. that was a fun thing i did. i never really made the connection between that and this. >> reporter: every halloween, the albertson family goes all out for the spooky holiday, transforming their downtown san jose home for trick or treaters. >> you know, kind of every year about this time, right before halloween, we start to think, maybe this is a bit much. but after the nights of having everyone here, we're super excited, and are like, yes, let's do it again. the albertsons started decorating their home for halloween when they first moved into their neighborhood back in 2010. and every year, it's gotten bigger, and better. this year's theme, pixar. >> with pixar, we thought, oh, this will be perfect. anyone the problem was, there's so many cool things to do in pixar, so we

ceo rodney mcmullen is here to tell us about his $24.6 billion agreement to buy albertson let's break down the reversal in the markets are our senior markets commentator mike santoli and his dashboard. we're not giving back all the gains from yesterday. >> no. >> but still, it's an ugly turn. >> high compression and high emotion market and when you have the moves that shuttle from low to high in a hurry like we saw yesterday, it shows you it's kind of a quick money easy come and then, you know, kind of quick to discourse i'm not saying it's all mechanical and technical but that's a certain element of t.yesterday ehlo in the s&p 500 was 3500 so we're above 100 s&p points above where we were and 200 points from yesterday morning's low to this morning's high and now we've given back, you know, let's call it a third of what was gained, so it's not comfortable, but right now you're still hovering right in the vicinity of the september 30 lows really not that far either from the june 16th lows so essentially over the past four months you haven't been any net progress but if you bought at th

with the albertson's who definitely have the halloween spirit, mary lee. >> thank you. >>> check out the house on north 16th street in downtown san jose tonight from 6:00 to 9:00 p.m. be safe out there. >>> let's get a check of the halloween forecast. >> as the trick or treaters are getting ready to head out and get much needed candy for their monday, let's look at what we can expect. we are expecting upper 50s around the 5:00 hour right before the sun sets along the coast and into the bay. for friends into east inland hills and north bay, low 60s. it's a chilly night. but on the bright side, it will be a dry one. let's look at what's going on. first day of november tomorrow, that cold front is really settling its way in. this will bring cooler temperatures for the rest of the week. to add to that, it is increasing chances of rain. we'll talk about that. when you think that's over, as we head into the weekend we'll see another trough bringing cool temperatures too and a slight increase in the rain chance. this is what we are looking at for tomorrow, favorable conditions for the cool

this big jump, this is not how kroger actually acquired albertsons.on, this is when albertsons implanted self checkout. this saved them a lot of labor costs and that is where the value shut up. when all grocery stores don't realize is that self check out it is really just inviting us to steal, isn't it? it takes people some time to figure that out but when they do, it hurts profits. and that is what you start to see right here. i mean, self checkout. i got to know what type of mushroom this is now? i don't know. how about i just steal it? trevor, i had a bushel of carrots, okay, and it's not coming up. it's not coming up. about the produce number? i don't know the produce number. i'm spelling it out on the keypad, and it still not coming up. it is just easier if i steal it. i used to work at a grocery store. i did. i was in charge of stocking the i couldn't concentrate. thank you. >> trevor: really? >> actually, a threw a cantaloupe at an old lady, i thought she was stealing. look, everybody. this supermarket merger, it is great news. everyone is worr

albertson's the smaller of the two, has about 20 brands, 2,200 stores in 34 states. have not responded to our request for comment i think the big question as someone who's paid attention to this sector in particular, mike, is going to be the antitrust litigation certain markets that would box out other competition, they have to make the case that walmart is still bigger in terms of grocery sales in this country, maybe not as many stores if these two combine, and that there's new competition from amazon and from some of other maybe third-party deliveries like a doordash or an instacart, which there would be impli implications in this deal as well. >> absolutely. it will be combed over if the deal is, in fact, announced. certain markets without a doubt you would imagine they would have to make concessions and sell out skch you never know exactly how the government is going to treat something like this and how they're going to define too big until you try it i do think, though, it's tough when high food prices are a big political issue right now, these are unionized bus

albertson's is around 15 billion.ould disintegrate, you never know. but sometimes is, as we know, where there's smoke, there's fire. kroger up 1.33%. you know what else is up? by a crazy amount here, the 30-year fixed mortgage hitting, now, a 20-year high. according to freddie mac, the 30-year pix pixed mortgage rate -- fixed mortgage rate, 6.92%, up from 6.6% the week before, and the highest average rate since april of 2002 with. -- 2002. but new, hot data off the presses from zillow show high mortgage rates are actually in some cases not deterring some first-time home buyers for a very interesting reason. let's get to jeff flock. he's joining us now with fun first timer -- one first timer diving in in cherry hill, new jersey. jeff? >> reporter: cherry hill. perhaps rain is falling here, but despite the storm clouds for home buyers, the sun is shining on first-time home buyers. i'm going to throw away my umbrella. i want to show you inside this house, but first, the number on first-time home buyers. 45% of homes sold

earlier this month, kroger announced a $20 billion deal to buy albertsons, which also owns safe, sanview district, as a new supermarket as ktvu is christian, catherine reports the new lucky bayview store on third street could help alleviate with some call a food desert in the neighborhood. just minutes after opening its doors , customers flooded into the lucky bayview supermarket on third street in san francisco, showing the pent up demand for grocery store april. spears is a neighbor and restaurateur in the bayview restaurants and cafe in my lucky sandwich today, my first purchase here at lucky's says this lucky supermarket is a welcome addition. i am an expecting mother and i have a two year old so fresh food, of course, is at the top of my list, and we're always shopping so glad that i could just come right down the hill from where i live and get fresh product available here. president of the board of supervisors, shaman, walton said more than a year of planning has gone into turning this space that had once been a walgreen two years ago into a food destination in the middle of wh

with the albertsons who definitely have the halloween spirit, mary lee, kpix 5. >> you can check outhouse on north 16th street in downtown san jose tonight from 6:00 to 9:00. there's no wicked weather on today for halloween. >> no. >> it's going to be good if someone wants to enjoy haunted houses or anything, trick or treating. >>> it's definitely more of a treat, less of a trick. tomorrow, it's going to feel so. different. this is this morning's sunrise from the black mountain cam. that thin marine layer just blanketing the south bay right now. it will start dissipating as we head into the afternoon, leaving us with some daytime highs pretty chilly today in the low 60s just near mountain view. upper 60s near redwood city. it will be a chilly set up for us. make sure you're bundling up those children as they're heading out, and collecting candy for you and them. i know what parents do, they pick their favorites and leave the almond joys for the kids tomorrow. low 60s in our inland areas. we do have rain in the forecast, but it doesn't happen until tomorrow morning. here's the reason

kroger and albertsons could result in changes of the safeway store right here in the bay area. chains are announcing a $24 billion deal to combine in 2024. the two companies own nearly 5,000 stores across the country inclg country including safeway, whics owned by albertsons. there are about 161 safeways across the bay area. but to avoid any anti-trust issues, the company says they will spin off more than 300 stores nationwide, which could include safeway. ts safeway. this had merger would create the second largest grocer behind wal-mart. and then they all merged. they're all one. and they deliver online any way. we'll let them figure it out. >> put it in your trunk for your you either way. >> that's the only parking spott spot that will be open in our s. you see the spot close to the d. nope, that's the pick up. >> yes, that's true. yeah. and not even the maternity parking spot. i think there's one any way. that's a whole other story. >> maybe some parking by mistak. >> have you? > >> okay, moving on. >> i'll need to examine that tht the next time i go to store. wer store. wea

kroger is acquiring albertsons albertsons shares closed 11% higher this combines kroger, the second biggest, do not miss a cnbc exclusive interview with kroger chairman and ceo rodney mcmullen. >>> moving higher in the pre-market just one day after announcing ad-supported tier plan for 7 bucks a month. shares up 1% in the market that plan priced $1 less than disney+ and hulu it launched on november 3rd. nutanex surging. shares are up more than 20%, even higher than they were a minute ago nutanix is exploring a sale. they're looking at industry rivals and pe firms as possible buyers finishing off with beyond meat down almost 8% on news it's reducing the outlook and another round of job cuts. this time 19% of the workforce this raising more concerns about demand for the plant-based meat products and increasing competition. important to note, coo doug ramsey who made a lot of headlines for arrest biting someone's nose at a football game he's also leaving the company. back over to you, andrew. >> frank holland appreciate that report lots of stuff taking place. >>> in a week full of economic new

and days after a proposal to merge kroger and albertsons. massachusetts senator elizabeth warren said that she will be calling on the federal trade commission to block that deal. in a tweet, senator warren road, big grocery chains like kroger and albertsons are already gallatin families with inflated prices. more mergers and less competition with mean even higher prices and layoffs for employees and quote, if approved by regulators. the nearly 25 billion dollar deal would be one of the biggest in u.s. retail history. >> coming up next here at 6, the very few clues that police had identify a woman's body that was found burned in east bay park. plus, a new push by governor newsom to crack several unsolved murders in california, including one that happened right here in the bay area. what the governor is now offering to anyone who could help authorities and a family has had to postpone the funeral of 2 brothers who were killed in the east bay. why the coroner says that autopsies are taking longer cotton candy. pink lemonade. bubble gum. when to

kroger is merging with albertsos with albertson's. nearly $25 million deal between the two companies. they own around 5000 stores across the country including safeway, which is owned by albertson's. they are about to, there are about 85 safeway stores across the bay area. now to avoid any antitrust antitrust issues, the company said that they might have to divest or spin off more than 300 300 stores nationwide. and that could include safeway stores. not clear yet what would happen to them in that case. the merger merger is expected to close in . in 2024. > >> and oakland property site that used to be home to a safeway years ago is now creating a new controversy. the chronicle reports, northridge residences say they want more housing to go up on an empty lot lot at rockaway and pleasant valley avenue. rejecting plans for a home depot. they say building affordable homes and apartments on the 4 1/2 acre lot lot will help ease the housing . housing crisis. > >> new video in nevada where people are looking for the arsonists who torched a c

we got a story from bloomberg maybe 45 minutes or so saying kroger was in talks with albertson's.hat is the case kroger is far larger it would be an acquisition of albertson's. this company came public back in 2020 i was looking back at the time there, 2020. i think it was -- they lowered the price to 16. some insiders have been looking to sell of late. these talks, my understanding, have been on and off for months. and they were hoping to get to an announcement as soon as this week don't have any more details at this point i'll step off and make more phone calls. we can confirm that story first reported by bloomberg that kroger has been and continues to be in talks with albertson's about a purchase don't have price, don't have composition of said offer, only know they had been on and off for months sometimes very difficult to get to the finish line on these deals. >> fascinating >>> as we go to break, let's check the nasdaq obviously, the open was a lot more dramatic than the current decline but it's still about 1.23 on the nasdaq, back to 10,230 we'll have more on what's driving

. >> i think that deal has more potential of going through than the albertson's/kroeg deal >> albertson's, by the way, has come down almost to the level it had prior to the announcement of the deal why are you dubious? is it antitrust? simple as that or the complexity of the albertson's deal, which included a six-plus dollar dividend being paid by the way, that dividend, you need to be a domestic fund to actually have that dividend. otherwise, you run into tax issues if you're a foreign-based fund it may be because they wanted to pay cerberus more quickly, get cash into cerberus's hands, jim, but they're going to pay that in november then you've got the spin, obvof course, of stores or the sale if they don't sell them, they would spin them, of stores, they feel they need to divest in order to get through the antitrust. >> justice has written canter, who's the head of antitrust, has written and spoken repeatedly about how, no, we're not going to allow these spinoffs anymore. they fail too quickly. to some degree, referencing the classic safeway deal with albertson's where they spun off a b

kroger is merging with albertsos with albertson's. nearly $25 million deal between the two companies. they own around 5000 stores across the country including safeway, which is owned by albertson's. they are about to,

krogger announces plans to buy albertson's for nearly $25 billion.t the mega change will mean for consumers. joining me no is mark diszanto,e chief economist for moodies. mark, two chains trying to merge. what does this mean for food prices when things are already inflated? what do you think? >> yeah, kate, let me first say that the surge in food prices is largely related to the russian invasion of ukraine, and impact of oil prices, diesel prices, big part of food and groceries is getting food from the stores and store shelves. a lot of agricultural products, corn, wheat and fertilizer. and the impact of the kroger and albertson merger is on the part. impact. having said that, i'm not sure, i do suspect that the ftc, the federal trade commission, will take a really close look at this, this is a big deal, a big merger. they have a lot of data to figure this out, both kroger and albertson is acquiring grocery stores over the years to take a look and see what happens. last thing i'll say on that, the academic research on the mergers result in higher pri

trust review of kroger and albertsons merger will likely focus on local store overlap plan to acquire albertsons announced last week would combine the two biggest supermarket companies in the country by sales, the wall street journal reports and sources say the antitrust authorities who could decide the fate of the merger will likely consider other grocery stores in the same area as kroger albertsons chains and how the merger will impact those businesses. alright u. c. berkeley is taking a closer look at its best known nickname. the chancellor has convened a task force on its ultra egos. u. c berkeley and cow. the group is set to discuss how to unify the two identities. the campus says that it can lead to confusion from a branding perspective. for example, current guidelines do not allow campus groups to use the cal name and bear imagery. which is reserved for athletics . the task force is set to release recommendations by the end of the year. hello barry weather a bit of a cool down today. the real cooley moves in this weekend and some stronger winds will have the update coming up. a

earlier this month, kroger announced a $20 billion deal to buy albertsons, which also owns safeway.president biden announced new action today to curb so called junk fees that more and more companies are tacking onto their products and services. as fox news madeline rivera tells us, it's a move with an eye toward the midterms less than two weeks away. with the economy and inflation topping voters concerns president biden is taking new steps to crack down on so called junk fees to give americans more breathing room unfair in the hip marginalized americans. the hardest, especially low income folks and people of color, defined by the federal trade commission as unnecessary, unavoidable or surprise charges. junk fees can include overdraft fees, late fees or hidden charges tacked onto hotel rooms or concert tickets. junk fees. in addition, that companies charge cost america's tens of billions of dollars. now the consumer financial protection bureau is effectively banning surprise overdraft fees and deposit or fees. the latter are charges incurred by customers who deposits someone else's b

david faber confirming via sources that kroger is in talks to buy rival albertson's grocery store deall-cash deal that comes through tomorrow. factoring in today's move, albertson's, $15 billion company, roughly half the market cap of kroger, sk. any deal with inflation this hot, we thinks the ftc may have something to say about anti-trust issues. we'll find out let's get a cnbc news update and go to tyler mathisen >> albertson's got a lot of chains all around the country. that's an interesting one. here's your news update at this hour what could be the last hearing by the january 6th panel is now underway the committee chair promises new evidence, but also a review of previous testimony on former president trump's state of mind in the run-up to january 6th republican representative liz cheney says trump knew he had lost the election and had a, quote, premeditated plan to claim election fraud before he knew the election results were out. and that without holding trump accountable for his actions, another january 6th could happen on the news tonight with shep smith, all the highlights f

the last time albertsons changed hands was in 2006. bloomberg intelligence flagging that while there are synergies in cost savings and a lot of good things going forward, that the significant overlap could make regulatory approval difficult. given their size, the combination would mean a 13% share of the u.s. market. still trailing walmart at 25% but we are hearing this deal is set to be announced as soon as thursday. stock is up 6% on that report. retail and the consumer, it was that horrible cpi read reverberating through markets. if there were any hopes by investors that potentially we could see if not a pivot but a pause from the fed, that was all but decisively dashed by the prices surging to a 40 year high in september. we're hearing that they're looking for a 5% terminal rate. we did see the big market reaction to the downside. the question is, will they go to 100 basis points now? >> it wasn't ever that the markets or the fed were looking for, but that's what we got. we're trading on that right now. we were also watching the ma

democrats are concerned this is going to drive up those food prices even further so kroger and albertson'slion in savings which they promise they will pass on to you the consumer, but hang on a second, vermont senator bernie sanders calling the merger an absolute disaster, and and calling on the ftc, kroger and albertson's are gouging families with inflated prices, more mergers and less competition would mean higher prices and layoffs for employees. senator amy klobuchar, share of the antitrust committee which oversees the ftc is teaming up with ranking member mike lead to hold a hearing about this merger next month. they are concerned about those antitrust issues and this as the left finally owning up to the inflationary aftermath, the effects of spending a $1.9 trillion american rescue plan. >> all of us are concerned about these rising costs and all of us knew this would be the case when we put in place these recovery programs. anytime you put more money into the economy, prices rise. >> reporter: he says all of us knew rising gas prices clearly still an issue for voters out there, an i

become one and they'll make american history in the process kroger announced it will buy rival albertsonsillion dollar deal that makes it one of the largest mergers ever in american retail history the companies have about 5,000 stores total albertson owns safeway. lucky andronico's vons and many more brands kroger's stores include food 4 less, foodsco, ralphs and others as well federal regulators must of course still approve the deal which will probably probably take two years to complete. should gasoline refiners rejection the money sent to you. i'm seven on your side of the michael finney and we'll look at the proposed windfall profits tax next. plus a problem. you can't see or hear but people who live in crockett say you can definitely smell it. in a recent clinical study, patients using salonpas patch reported reductions in pain severity, using less or a lot less oral pain medicines. and improved quality of life. that's why we recommend salonpas. it's good medicine. moving forward, finding solutions, this is abc 7 news. >> california gas prices are dropping faster than anywhere in the

while albertsons is fourth. tom: thank you very much indeed.kets seeing gains across the european benchmark stoxx 600, gains of 1.2%. sector standing out our real estate, basic resources and chemicals getting 2%. gilts continued to be bid, though less from the open. you see some moves of 12 basis points at the front end, 3.67 but less pronounced than 10 minutes ago, the 10-year yields lower eight basis points. the bank of england could be looking to buy 5 billion pounds of additional gilts in its final day of operation. pricing in a fiscal u-turn, the bank of england's intervention set to end in a matter of hours. this is bloomberg. ♪ francine: welcome back to the open everyone. 30 minutes into the european trading day. risk on returns, european stocks extended their remarkable rebound that began yesterday on wall street. while guilt yields slide among u.k. government plans for abandoning tax cuts. kwasi kwarteng, the chancellor, flies back early from his u.s. trip. u.s. core cpi comes in at the hottest level since 1982 with inflation spreading

this is kroger, officially now going to buy rival albertsons. this is a big deal.usan: why, we're looking at stock market reaction like this is as know you buy on the rumor and sell on the news. it's official that $25 billion deal mostly cash mind you and this type of slowing growth and higher rate environment is pretty great and the largest grocer is with wal-mart and the largest seller of grocery by volume and kroger second largest and albertson fourth behind costco and this environment with food inflation surging up 11% from a year ago and just in september, you need size, pricing power and margins and profit so this combination makes sense for everybody. ashley: okay, take a look at netflix and talking about this with mark maheny and netflix adding new supported tear and stock up half a percent. how much will it cost? susan: i think it's $6.99 for ad supported tier and canada and other countries around the world and not high resolution and full $15 a month package gets you and there's a limit to library and i saw the selection, it's a lot that you can watch, es

albertson's is fourth. that data coming from numerator.wagen planning to invest $2.3 billion in china. the partnership is going to be done with china as it develops coordinator drive systems. battery only mobile sold in china. v.w. will have 40% delivery. >> however you look at it, right now, across these markets we're seeing 3% gains in the nikkei as well as taiwan here this morning. the nikkei with the biggest jump we've seen since march that yen is one big story. the dollar is softer here this morning. you're seeing a lot of gains. commodities are also stronger across the world with corps aluminum. aaron ore1.6% this morning. so a lot to sink your teeth into as we're still ingesting what it means if the fed. and why we're seeing the rally that we're seeing right now. [laughter] >> inexplicable, isn't it? moving from that to having a look at what's beginning on with the property side of things because 60 -- it's at the moment also in the cross hairs and it's going to reduce on xs3p. on top of that looking at what we have out of other --

movers, albertson's. lauren: there are rumors that albertson's might merge with kroger.ook at their shares up 12%. stuart: nicely done. lauren: it was up one hundred from here. can't catch a break, stock keeps going down. they cut their price target to 51. they kept the by rating, recent checks were there with unique developers. advertising here to stay. stuart: looking at stocks and i found pizzamakers. lauren: better than expected, increase delivery fees and papa john's has gone along for the ride. stuart: is it energy stocks. lauren: i can take a further look, microsoft is the only winner this morning before the big tech stocks, a member of the dow jones industrial average. stuart: mcdonald's, chevron and goldman are down, stocks are up, 74 points. people around the country finding empty yellow envelopes in their mailboxes. amazon could be to blame. we have the story, two years since violent protests devastated wisconsin. many of the businesses that were damaged or destroyed must rebuild and now a new problem, violent crime. 5 more migrant buses just arrived in new yo

kroger announced it will buy albertsons in a $24.6 billion deal.t makes it one of the largest mergers ever in american retail history. the companies have about 5000 stores total. albertsons owns safeway, lucky's , and many more, and kroger's includes food 4 less, ralphs, and others. federal regulators still have to approve this deal. sony has just announced it is releasing a pair of over-the-counter hearing aids that start at $1000. they pair with an app so you can adjust volume control. the fda approved over-the-counter hearing aids for the first time this year. starting today, you might want to lace up your skates. a new skating rink is opening in san francisco named san fran disco. that will be at fulton plaza next to the main library. it is completely powered by solar energy. the mayor will be there later this morning for a ribbon-cutting ceremony. it will be open wednesdays through sundays until the end of the year. there will be skating lessons available. still ahead, and incredible scientific right through that could transform research of a

failed to buy albertsons. which also owns safeway. people in one san francisco neighborhood are excited about a new addition to their community . there's now a lucky supermarket on third street in the bayview district. shoppers lined up on opening day to get inside. many in the neighborhood have said they live in a food desert and say this store will make it much easier to get healthy foods. what woman told us she is excited because it's right down the street from her home. i am an expected mother and i have a two year old so fresh food, of course, is at the top of my list. and we're always shopping, so i'm glad that i didn't just come right down the hill from where i live and get fresh product available. the story is the smallest in the lucky supermarket chain about 5500 square feet. but store managers say if a customer comes in and wants something that's not on the shelf, they will call around to other nearby stores to get that for them within a day. time is 7 18 getting ready for halloween? we've all heard the stories about the dan

every year, the albertson family goes all out for the holiday and transform their downtown san jose home for something that is a shared experience. they started doing this in 2010, and this year's theme was tiktok, and neighbors cape out in painting parties to make it happen. you can check out the halloween house in downtown san jose from 6:00 to 9:00 p.m. vo: climate change is fueling a wildfire crisis. destroying our forests. threatening our communities. polluting our air. prop 30 taxes those making over $2 million a year. no one else pays a penny. 30 will reduce the tailpipe emissions that drive climate change. and prevent wildfires and toxic smoke. so we have clean air to breathe. this is about our kids' future. omar: prop 30 helps contain fires and combat tailpipe emissions. vote yes on 30. musk in the driver's seat. >>> finally here at 3:00, in the storybook, witches usually travel on brooms. but this is santa barbara where witches are on paddle boards. over the weekend, people dressed up as witches and warlocks to raise money for the food bank. >> that's good for your core. captio

kroger is merging with albertson's in a $25 billion deal. they own around 5000 stores across the country including safeway. this is owned by albertson's. there are about 160 safeway stores across the bay area. to avoid antitrust issues, the company sd they might have to do vest or spinoff more than 300 stores nationwide. the merger is expected to close in 2024. > >> later today join us on black renaissance, the longest runn identified a motive. he is set to be arraigned on tuesday. > >> dash cam capture the moment an uber driver was robbed at gunpoint and carjacked in oakland. the assault began with a friendly conversation and it turned violent as they threatened the driver. huber tells kpix 5 it has deactivated the writer's account. > >> 85 seniors are displaced after an a fire in a senior hog senior housing development. firefighters say all of the apartments have water damage in some are flooded. > >> a new program is looking to prevent as many traffic deaths as possible. councilwoman foley leads the zero vision task force. the program can

it will be a safe way to be owned by albertsons. regulators much approve that deal.e going down, but nothing is free. netflix unveiled a basic add tear. the new option will cost 699, and it will have commercials. four to five minutes. it will launch november 3. here's a look at the stock exchange. trading is getting underway, and we are up 126 points. >> were feeling the impact of inflation, and the impact is what will the government do to stop it. it is a .2%. compared to last september, the cost of rent and groceries or even health insurance is up it there is one bright spot. gas prices, but those are on the rise again because of temporary closures. fighting weight in during the visit to southern california. >> the biggest problem is the world challenge. global inflation. the unconscionable invasion of ukraine. >> they are bringing down prices. the reserve is going to raise interest rates again by three quarters of a percent next month it >> most of the u.s. is in a drought. some areas, the drought is really obvious. this was taken in the mississippi river. water l

with the albertsons, they have the halloween spirit . >> you can check it out on n. 16th st.san jose tomorrow night from 6:00 - 9:00. >> in the meantime a new and cleaner way to grow marijuana. >> i grew up on the farm and was used to eating chickens, eggs, to be able to do that with cannabis is like a dream come true. >> look at the alternative way that a farmer is growing cannabis. >>> finishing up a really nice sunday and the daytime highs a kind well into the upper 70s. tomorrow will be cooler so the first thing we will do is talk about the halloween forecast for trick-or-treaters and then look ahead to what the bigger weather story have heart failure and still experience unresolved symptoms? heart failure and seemingly unrelated symptoms like carpal tunnel syndrome... ...shortness of breath... ...irregular heartbeat... ...and lower back pain could mean something more serious called attr-cm a rare, underdiagnosed disease that worsens over time, so it's important to recognize the signs. sound like you? call your cardiologist and ask about attr-cm. >>> one lucky lottery pla

they're going to make american history in the process kroger announced it's going to buy rival albertsons in a 24.6 billion dollar deal that makes it one of the largest mergers ever in american retail history the companies have about 5,000 stes t albertsons own d morry lucky's stores include fd 4, less foods, co a others federal regulators, though still have to approve this deal, which will probably take two years to complete. and sony is just announced its releasing a pair of over-the-counter hearing aids. they start at $1,000 and pair with an app so that you can adjust settings like volume control earlier this year the fda approved over the counter hearing aids for the first time they can go on sale starting this month. and starting today, you might want to lace up your skates a new skating rink is opening in san francisco aptly named san frandisco. that's the name of the outdoor pop-up rink, that will be at fulton plaza next to the main library. it's a city funded rink. that's completely powered by solar energy. mayor london breed's going to be there later this morning for a ribbon cut

it will prevent albertsons from competing while the merger is pending. >> how are you doing, andrew >> i'm good, andrew. thank you. let's talk about this and why you wrote this letter. how concerned are you about the deal >> we're deeply concerned. republican attorneys general and democratic attorneys general we're specifically concerned about the deal because with the announced merger was a significant, nearly $4 billion special dividend announcement which could be valid or could amount to a massive improper give away to certain shareholders we think that we need to review that, and that's exactly what we're doing. >> just to put a fine point on it you think the dividend is a special give away, that's where you're looking at? or you're looking at the transition >> that's a great question i think we're going to take a look at stages first stage right now is to stop the dividend payment we're asking nicely via letter all options are on the table, but that needs to be stopped we will, of course, review the entirety of the merger, but the actions around a s

albertsons has about 20 different brands within it including safeway.200 supermarkets in the u.s. kroger is the larger of the two companies. they did not respond to cnbc when asked for comment. in terms much what it could mean this would be a deal to try to address intense competition in the supermarket space. supermarkets across the country are trying to adjust to changing consumer preferences, move to online shopping and curb side pickup. trends which were accelerated during the pandemic. >> cnbc live from london. have great weekend. we'll talk to you next week. still ahead here, more from the january 6 committee hearing including claims from a trump insider that trump campaign had long planned to declare victory in the 2020 election even if he lost. we'll be right back with that. lost we'll rbeight back with that. ♪♪ this... is the planning effect. this is how it feels to know you have a wealth plan that covers everything that's important to you. this is what it's like to have a dedicated fidelity advisor looking at your full financial picture. makin

albertson is number two if you view the market as just grocery.compare it to walmart, not necessarily grocery, but more people are buying food there, it's not as concentrated. it depends on how regulators view it. certainly, no slamdunk. there have been a lot of block deals in the history of grocery transactions. >> bloomberg's liana baker on that potential deal. we continue to watch for development there. let's get you a look at some of the business flash headlines we are tracking. goldman sachs dropped tsmc from its conviction list saying the company is weathering choppy waters near term. when it comes to the chip giant slashing 2022 capital spending targets by roughly 10% to $36 billion. this sharp reduction suggests tsmc is bracing for a broader than anticipated downturn. netflix is set to introduce a lower price streaming package in november, charging customers last by subjecting them to advertising. the $7 a month plan will be rolled out in the u.s. and 11 other countries including japan, france, and brazil. the plan includes four to five mi

hkroger and albertson is doing a deal today. that stock is on the move. john lonski, you're sticking with us all morning. thank you so much. when we come back, five people are dead including an off-duty police officer following a shooting if raleigh, north carolina. we'll have the latest on that story and the nation's crime crisis when we come down. plus, instagram stars is back. we show you the most creative ways entrepreneurs are cashing in. don't miss all that. it's all next week. you're watching "mornings with maria" live on fox business. ♪ welcome to new york. ♪ it's been waiting for you. ♪ welcome to new york, welcome to new york. ♪ it's the new sound track. ♪ i can dance to the beat. making time for the dentist isn't easy. but when your mouth says it's time, you listen. so do we. aspen dental was built around your life. so come on in, no matter how long it's been. we're not just on your corner... we're in your corner. with smarter, more affordable care. that'll bring more life to your smile... and more smile to your life. (vo) at viking, we are pro

deal, the kroger albertson deal is bombing because they're not exposed to the weaker parts the reasonlls fargo for the trust, they have more interest rate exposure than most peers. people have been worried about the other consequences of rate hikes, people losing their jobs and can't pay their bills and default on obligations while wells has a provision for credit loss come in higher than expected, not that much higher the income is enough to offset the damage from the very pun kn small amount of bad loans. that's a great loan story. i remain a believer. management is executing well i think the story will only get better as rates go higher and as the year goes on by wells fargo. all right. now, how about one that i got wrong? morgan stanley this is another one that we own for the travel trust and we got slammed today. i think the market overreacted i think there is a lot of knit picking. i can give another alternative for every line that was bad but a tough time to be an investment bank when you spent years pivoting toward as more consistent asset management based business model and r

kroger announcing plans to bile albertson's. why are they merging? competition from amazon, walmart, target, costco, dollar stores. they want to merge to be able to fight off these competitors. the merger would create one of the largest grocery chains in the united states. last year they had -- the two companies had more than $200 billion in sales, nearly 5,000 stores, 700,000 workers would be one of the largest private employers in the united states. >> how would i feel a difference? what are the ceos saying about different products or pricing or what? >> right. so, the companies say it's going to mean lower prices for consumers. but there's a lot of skepticism about this claim. corporate consolidation often drives up prices for consumers. analysts also say this merger, which would be one of the largest in u.s. retail history, would lead to store closures and also make it much more difficult for mom and pop grocers and the smaller grocers to compete. so you already see a lot of opposition to this deal. bernie sanders said it would be an absolute dis

regulatory worries are top of mind for investors kroger's and albertson's are two of the largest grocersunited states, making more than 16% of market share. >> kroger chairman and ceo rodney mcmullen will be on "closing bell" 3:00 p.m. eastern today with much more on this deal let's get to tyler mathisen for a cnbc news update tyler? >> here's what's happening at this hour. police say the shooter who killed five people in raleigh, north carolina, is a 15-year-old boy. the suspect has been hospitalized in critical condition. he evaded officers for hours before being cornered in a home and arrested on the news with shep smith tonight, for more on the victims and the search for the shooter's motive, that's tonight at 7:00 eastern time >>> the cleveland browns quarterback, deshaun watson facing another lawsuit from the sexual misconduct. the new plaintiff alleges that watson pressured her into sexual activities in december of 2020 during a massage therapy session in his hotel room. and toys "r" us is making a comeback, just in time for the holiday season the iconic toy store opening up in se

deidre, it could be good news. >> reporter: a kroger-albertsons merger could mean cheaper prices overall but probably fewer promotions and sales. the theory is the bigger chains can offer lower prices than competitors because they'll have greater market share and more negotiating power at the wholesale level. one thing we all know, food is a lot more expensive than it used to be. this week's cpi data showed that. groceries cost more than 11% than they did a year ago and this at the combine it would have 16% of the american grocery market, would only be second to walmart. so the race is on as to where you get your groceries. keep in mind, online delivery which soared during the pandemic is expensive for stores and they hope it will help them compete with amazon and whole foods and the merger is still still conditional upon the government allowing it. back to you. >> deidre, thank you. >>> frightening moments for passengers on a united airlines flight from chicago to miami. a bird strike forcing the pilot to declare an emergency. abc's gio benitez has more. >> reporter: it was a scare in t

by albertson's. they're about 160 safeway's aggressive area, o to avoid any antitrust issues, the company said they might have might have to get the best more than 300 stores nationwide. the merger expected to close in 202. in 2024. > >> tonight on 48 hours, a college professor and her boyfriend get together to play c play music and enjoy a few drinks. the morning after, two of the three are dead. professor professor marianne shockley was a respected entomologist in geo. in georgia. her boyfriend and the psychologist both told auths told authorities she drowned in a hot tub. that same night, while police were investigating, investigating, the psychologist slipped away and took his own life. we spoke to cbs reporter jonathan vigliotti, who's been investigating exactly what happ. what happened. >> reporter: the authorities wat charging marianne's boyfriend, s lillard, with the felony murder of, after the medical examiner, in this case, ruled that she died of what appeared to be asphyxiation dues to man

kroger says it reached it has reached $24.6 billion deal to buy albertsons. this could give kroger a big footprint here in the bay area because albertsons own safeway right now , the only stores the kroger owns in our area are for foods coast stores, and the merger has to get approval from federal regulators. apple is now getting more into banking and offering a savings account as well. cupertino based tech giant is expanding its apple cart to let people sign up for a high yield savings account in their apple wallet and expansion of the partnership with goldman sachs and the latest move from the company to try to expand its online payments. netflix is rolling out. new advertising supported plans next month in the united states. the streaming giant will charge $7 a month for the ad based tier will feature between four and five minutes of advertisements. every hour ads will run between 10 and 30. seconds each and the play before and during your content. under this plan, users will not be able to download movies or tv shows and a limited number of shows and movi

but by proposing to combine here, you're not just talking about albertsons and kroger, you're talkinge's a lot of fury right now about food prices and i would be curious to see how the biden administration handles this. kroger says we need to be able to compete better to bring our prices down like walmart. others are going to say the economy needs this like a bullet in their head and you're going to give them more pricing power over the consumer when food is killing people. >> this is the number one concern for so many americans today heading into the midterms and i'm sure beyond that as well. thank you, guys, both. i appreciate it. >>> coming up, what the speaker of ukraine's parliament says about the nuclear threats from russian president vladimir putin. >> translator: giving hints should make him an exile in the whole world. in the whole world. sometimes i'm a hom. can never have too many pillows. sometimes i'm all business. wooo! i'm a momma 24/7. seriously with the marker? i'm a bit of a foodie. perfect. but not much of a chef. yes! ♪ wayfair you've got just what i need. ♪ resear