they are probing whether altria adequately disclosed.hey valued the start up at about $38 billion. it has gone down amid new restrictions on juul's business. what do we know? >> we know the sec is investigating whether al the adequately disclosed risk to investors. the investment has been a headache for altria. it has not been cleared by the ftc. litigation risk is affecting altria. the risk has include about 80% since october. this is just the latest headache for altria. emily: what does this mean for juul? >> it is just another headache. they have been under an immense amount of pressure. this is just another possible product -- problem for them. probes playo these out generally? what do we expect is happening now behind the scenes? >> that is a good question. the "wall street journal" reported both companies have been sent subpoenas and have responded. how this plays out, we will have to see. emily: we will continue to cover that story. the sec opening a probe into altria's investment into juul. thank you so much for joining us. the n

has opened a probe into altria's investment in juul, the e-cigarette company, and whether altria adequatelyks when it took the 35% stake in the e-cigarette company back in 2018. both altria and juul have apparently provided documents in response to the s.e.c.'s request. we're looking at altria group's stock. while it's up just fractionally, we do know the s.e.c. is set to make some type of announcement at 4:15 p.m. eastern time, so that's in exactly 30 minutes, and we also know this. hasn't really worked out well for the tobacco giant which took a $4.1 billion charge on its stake in juul back in january. >>> to what we really want to know about, baby yoda. he may be from a galaxy far, far away, but the latest baby yoda merch is about to land in stores. first up, build-a-bear finally revealing the first pictures of its baby yoda stuffed animal that's expected to hit stores this spring. the company announced the customers can sign up for e-mail updates to get further details on when the creature officially known as the child will be released. okay. it's got palmprints. cute. flip over, want t

andre: i think the deal with altria has been closed as a chapter.ntinue working closely with and that ise u.s., what we will continue doing. i think it is a great sinceunity for both of us it is the only product that has been authorized by the fda, and also what is happening in the vapor categories, it is an opportunity for people to smoke other products. sonali: thank you so much for joining us. back to you? vonnie: our thanks to you, bloomberg's sonali basak. more on the harvey weinstein guilty verdict, next. this is bloomberg. ♪ hi! we're glad you came in, what's on your mind? can you help keep these guys protected online? easy, connect to the xfi gateway. what about internet speeds that keep up with my gaming? let's hook you up with the fastest internet from xfinity. what about wireless data options for the family? of course, you can customize and save. can you save me from this conversation? that we can't do, but come in and see what we can do. we're here to make life simple. easy. awesome. ask. shop. discover. at your local xfinity store today

us tobacco giant altria invested heavily injuul and has to write off billions — you can see how that. it's notjust the us where the vaping industry is under pressure— argentina, india, brazil are among the countries to announce bans. but the us move is far less stringent than originally planned — as zoe thomas reports from san francisco. this is a scaled—down version of the all—out man that president trump called for last year. the ban covers plenty of kid friendly flavours like mango and candy cot that makes fairy floss that it does not cover a ll fairy floss that it does not cover all sorts of vaporisers and cigarettes. vaporises with prefilled pods likejuul are on the list. but juul dropped prefilled pods likejuul are on the list. butjuul dropped most of its flavours in november last year and health officials say the ban is too little too late for young people who have become addicted to nicotine because of vaping. a study found that more than one in four teenagers had used in e—cigarette within 30 days of the survey. even this pared down version is not good new for makers of thes

us tobacco giant altria invested heavily in juul and has to write off billions — you can see how thatotjust the us where the vaping industry is under pressure — argentina, india, brazilare among the countries to announce bans. shane macguill, senior head of tobacco research, euromonitor is with me now. how much of a setback is this for the industry? i think it's going to cause immediate disruption. we talked yesterday about having to dispense with stock and flavours they won't be able to sell. it's going to cause disruption to supply chains. i think that the tobacco industry over the longer term, robert b this will be in some ways an advantage because it means bear will be a more restricted market, higher levels of compliance. that is interesting. there could be potential for tobacco companies. this is just fruit and dessert flavoured pods but there is a wider range of products. there are other flavours available and will continue to be available like tobacco and menthol flavours. there are product types like the open system products which tobacco companies are less prevalent in but c

. >>> coming up, tesla triumphs again while one of altria's biggest bears is raising a price target targetr and options trader say y sulouhod play zum video as it gears up we're back in two. oh, i... i didn't know. you didn't see the sign? that... that wasn't there when i was here earlier. (whimper) really? you know, in italy, they let you park anywhere. have a good day, sir. with geico, the savings keep on going. just like this sequel. 15 minutes could save you 15% or more on car insurance. (glass shattering) (frustrated yell) (car horn blast) (yelp) ( ♪ ) >>> all right. well back. a news alert on the coronavirus. meg tyrrell with the latest numbers. >> brian, the numbers from hubai province the epicenter of the outbreak in china. new cases reporting at 1693. an additional 132 deaths that does mark a milestone bringing the total death toll to more than 2,000. total cases now more than 74,000, almost 74500, guys we have seen case counts declining, new case counts declining the past few days. waiting to see a few more days of data to see if it continues but the 2,000 deaths a new milestone.

support of this arena foundation and this exhibition which opens in december is generously supported by altria group. -- zamet nationwide, and the robert mccormick foundation. it is created, the exhibition in partnership with the french hundredth anniversary of the first world war organization. please join me in welcoming dr. krewasky salter and dr. greg carr. [applause] >> how is everybody doing? the first order of business, is just a welcome. we heard from our deputy director and our director and all the folks here at the museum. it is an honor to be here again. and colonel is that a particular honor to sit here with you, realizing that you have been deeply involved with this museum since before it was opened. you have curated and this is the third exhibit. >> that i curated? >> in terms of the exhibits that rotated through the halls. >> this is the third that rotates through the temper exhibit space. >> first of all this is incredibly conceived book. if you have already bought it, great. if not, do not leave here without it. though much information in such a tightly packed place, but not ov

we own deere, it's not an overweight, but a report like this certainly gives us more confidence >> altriar situation where government regulators are looking into e-cigarettes it has an investment in ju l. we're learning that documents have been questioned from both companies and both companies have responded juul has turned over it documents with projections that were shared before the deal, according to "wall street journal. the ecigarette back took a 35% stake in 2016. since that investment, they have written down about two thirds of that investment. >>> frank, thank you kate rooney has more hey, kate. >> hey, morgan, that's right etrade this week following charles schwab and td ameritr e ameritrade, but we've got fidelity, take a look, by far the biggest, not seen as a takeover target. and then, of course, the fin tech names robin hood is the biggest private trading app with a 7.6 billion valuation. it says it's only about a million users behind etrade. it doesn't say how they measure the users or account balances. others tell me it's rapt customer growth with low acquisition cost, cou

the like, late september you called off of course the talks between philip morris international and altriaw are you thinking about capital allocation, return to shareholders at this point as well, in addition to obviously the r&d efforts that you continue >> well, we have a very strong dividend pay out, clearly. as we explained to our share holders we want the ratios to come back to normal, commensurate with ourcredit rating when this is done, clearly, we can introduce again the subject of share buybacks. this is in the minds of shareholders i think already our dividend policy is outstanding and we had continuous increase of dividends, so we are very focused on rewarding shareholders and meeting the long term. i think everything we do on the business side, transforming our business, moving away from cigarettes, into alternatives are better for shareholders, public health, and more sustainable can maximize shareholder value in the long run. >> certainly a challenging corporate mission. always like getting your take. appreciate your time >> thank you for having me >>> still to come, we are s

altria, people smoke all the time there are funds that won't own those. >> understood.e only growing and they will continue to it's an important story that we're following here, although there's plenty that's misleading about esg funds as well. when you look at their holdings, it's always surprising to see what qualifies. >> but no, i think mike worth and chevron are doing a terrific job. then i follow up with, you know what, i don't care i'll give you an example let's be away from -- care let's look at skt. okay this is a company that just literally said great things and raised the dividend. right? >> the outlets >> yes tanger outlets. tougher times. people need a bargain. yields 12% what does that say 12%. >> yield >> it has very good occupancy but is trading as if there are a couple companies that are a little small here, washington prime group, they just cut their dividend it was 21. one of the most legendary real estate investment trusts when i grew up was a company called penn real estate investment trust. there is a company now at 250. yields 33% which is obvious

this impact as lot of tobacco companies, altria, own as big stake in juul and r.j. reynolds.eep them on the shelves for a year until the agency makes the judgment. this is targeting teen vaping. according to federal data, 28% of high school students vaping over past year up several levels from the past. stuart: brian kilmeade. what do you say? that is my name. i heard you say that the "brian kilmeade show." we're joining it. brian i'm sure you saw rush limbaugh receive the medal of freedom at the state of the union. i'm sure you saw what jim acosta said about him. for the benefit of our viewers, roll tape. >> he was trying to make appeals to the african-american community, it can't be forgotten he was awarding the -- to limbaugh who has a history of making derogatory comments about african-americans. stuart: he is on the verge of using the word racist. i don't think much to it. what do you say? >> i listened to rush early and often. i never remember derogatory terms towards african-americans, number one. number two, he is the most conversational, approachable, superstar, whic