this must be something conagra is facing as well. >> great question. actually, inflation is easing for most food companies right now so their food inflation is in the low single digits this year compared to mid to high single digits last year. the problem they're facing is not with higher commodity costs or commodity inflation, it's the consumer is spending less and that's impacting food industry volumes and they are not immune to it. the reason we have a buy on the name is because we think there's a lot of opportunities relative to their -- regards to their acquisition that will drive earnings going forward. not all food companies have those type of opportunities which is why we prefer to own a name like conagra which has cost synergies in its pockets that are going to drive earnings going forward. >> when do you see the consumer spending picking up, then? >> well, we don't think it's going to rebound any time soon. until the income growth starts to accelerate, we don't see a major rebound in food industry volumes which is why -- the reason we like co

k34ek out shares of conagra.the amount of sodium the company discloses on certain sunflower seed packaging. shares down towards the session lows. tyler a new lawsuit revived against conagra. back to you. >> dom, thank you. >>> caught up on the olympics medals count. u.s. back in the lead now with 23 total medals. russia and the netherlands close behind. 22 each. well, actually the u.s. now has 24 medals. look at that. norway has 21 and canada 19. once the olympics are done and gone, what happens to all that new real estate build over in sochi? michelle caruso-cabrera? >> reporter: the dutch speed skating coach said the under armour mach uniforms are not the reason the americans failed to win even though they were expected to. breaking a record here, a single sport as a single winter games. 21 for his speed skating team. he says the american suits tron blame. he says it's the american system that doesn't care about speed skating, and that way too much athletic talent goes to the nfl and not enough to the other spo

thomas jefferson and you will talk about that story they will read my conversion story how we can make conagra spontoon better in my view or the critical nature to organize on the grass roots to counteract the corrosive of rare mood of money and politics. that is what people will learn. if you really love this country and have greater things to do there are things in this book that will resonate. i wrote it in a readable fashion that i hope people enjoy. >> host: thank you. >> guest: thank you sir [applause] eight you for coming out. it is the real pleasure to be here in illinois especially because this is where the wheels of the story started turning figuratively and literally. is a story of allen pinkerton famous detective who got his start one half-hour to the north of here. it also features a lawyer by the dave of abraham lincoln but i also understand came to prominence here in illinois. i will give you the plot. 1861, lincoln elected president. it turns out there was say period did our nation's history where presidential elections had ed divisive and polarizing effect of the population of

you can't just plow into anything. >> it's funny you mentioned conagra down., the raw corp deal and we sat here and said the guy knows house to s how to acquire. >> and waiting for noise in herbal herba herbalife and nothing is happening of late. >> other than bill ackman raining holy hell on anybody. going after whomever he can talk to. he'll accost you on the street corner. >> he needs to burn down the village to save it. it was the analog of vietnam, if he can burn down the village a lot of people would be saved but i can't identify them other than being his investors. it isn't like the government is going to come in there and say, do you know what, this is a huge employer. let's take a look at it. no. the government is as good as its hedge fund people. >> i'm watching shares of tesla as you mentioned up yet again. netflix is down but tesla around $200 a share. >> why? because china has decided to subsidize the electronic vehicles and tesla's applied to be able to do it. make yourself five cars in tesla and let's say they sell two in china and five next yea

lou: even at the expense of statutes with conagra's the regulation of the federal government to findpedient? period people should sue and let the courts decide. lou: i woul expect thecut president to faithfully execute the laws of the country. >> he has not done that on another matter so why this different? lou: i would expect it describing that he calls itself a constitutional scholar. >> doesn't the affordable care act give you pause? lou: more than that. tel dawn to use as in the op-ed united states needs more low-skilled immration because americans are unwiing to do such work. this is peculiar? he said these of skilled workers i assume he describes the legal immigrants -- illegal immigrants is a bad bet one dash megabit. >> you are the strawberry picker you're probably not paid a minimum-wage maybe one-tenth. lou: does go the other way they areaid re off the books but know where your to the works they perform. >> i agree. what troubles me about the point is you only assume i people were not willing to wwrk it is under the circumstans that the is of the grants were. once they beco

lou: even at the expense of statutes with conagra's the regulation of the federal government to findt expedient? period people should sue and let the courts decide. lou: i would expect the cut president to faithfully execute the laws of the country. >> he has not done that on another matter so why is this different? lou: i would expect it describing that he calls itself a constitutional scholar. >> doesn't the affordable care act give you pause? lou: more than that. tel dawn to use as in the op-ed united states needs more low-skilled immigration because americans are unwilling to do such work. this is peculiar? he said these of skilled workers i assume he describes the legal immigrants -- illegal immigrants is a bad bet one dash megabit. >> you are the strawberry picker you're probably not paid a minimum-wage maybe one-tenth. lou: does go the other way they are paid more off the books but know where your to the works they perform. >> i agree. what troubles me about the point is you only assume if people were not willing to wwrk it is under the circumstances that the is of the grants

lowering its earnings outlook, dean foods reporting a loss citing cuts in food stamp benefits and conagra lowering earnings. now food companies are coming in and shaking things up and trying to appeal to consumers' growing awareness towards healthier food. >> i can understand that completely. when you feed your kids something you want it to be good for them. thanks, sara. appreciate it. >>> as we told you, a big day for the markets. seema mody is covering the almost full percent advance at the nasdaq. >> that's right. regeneron up 5% today in a day old school and new school tech also on the rise. my full report in two minutes. from fashion that flies off the shelves. and you...rent from national. because only national lets you choose any car in the aisle... and go. and only national is ranked highest in car rental customer satisfaction by j.d. power. (natalie) ooooh, i like your style. (vo) so do we, business pro. so do we. go national. go like a pro. [ mala body at rest tends to stay at rest... while a body in motion tends to stay in motion. staying active can actually ease arthritis sym

manufacturers that called themselves compound in pharmacies enter the market to fill the be but thankfully conagra's put fta on notice to deal with the drug shortage quite congress did with large-scale, got bigger and illegal manufacturing. fda officials have signaled they can better predict quality issues that the factory facilities. can you comment on these improvements? >> mostly to say the importance to get that right. with what those metrics are a and then having a discussion how those would be used is very important so with our efforts to speak with manufacturing experts of what a plant uses to follow their own quality and how a purchaser could recuse with that information. >> i appreciate that. one of my concerns was with that meningitis outbreak of lawyers were not using all the powers available to oversee and while we don't want to much oversight for those to do the right things , i am hopeful they are more aggressive if it is out of line 31 to a good supply and also a safe supply. are lawyers being a little more aggressive post the problem? >> absolutely we need to do whatever we can do to

. >> we can get a lot more done it if conagra's works with us. of this caucus has shown time and time again under the most difficult circumstances the kind of courage in and unity and discipline that has made me very, very proud. just talking to do its before i came out, we will the long bercy, i believe anybody tried to hold government hostage and threatened the full faith and credit of the united states of america and order to contract policy concessions. the fact we could pass a co-lead debt limit is one example of why when you are unified in a unit you stick together this country is better off. i could not be more appreciative of what you are doing. [applause] just a couple more points. deborah wong, you have seen reports over the last couple of days me slightly exceeded targets for the aca side up a and evil but for the month of january. [applause] we have three and a half million people who have signed up to get insurance through the marketplace for the first time close at 7 billion your signed up for medicaid or the 3 billion a young peopl

cut their second quarter sales outlook in part on weaker government business and a tough day for conagra performers on the s&p 500. it lowered its outlook for the full year blaming weaker than expected demand in the consumer foods unit. we'll end on tesla which topped the $200 per share level for the first time ever earlier. they gained 344% in 2013 and are already up north of 30%, kelly and bill, in 2014. back over to you. >> thank you. anecdotally, this is the stock most people ask me about. >> yes. >> what about tesla? should i buy it now? should i wait? they're all -- because it is a stock that has fallen at times almost as fast as it has risen. so should you buy it at these levels around 200 sn$200? >> let's drawl it out. andrea james and zachary karabell. zachary is also author of "leading indicators." before we get to you, zach, andrea, i'm curious, at $200, how much more room do you think tesla has to run? >> my price target is $200, but it's not the end point for tesla. if you think about it, this company captures 5% market share of, say, the $40,000 car market. it can do about

this morning we have a couple high profile blowups, conagra, just terrible.ology has been holding in there. so i think you're going to get your chance. >> okay. so it could total -- it will get back to 5.8, maybe get down close to 10? >> well, we're not oversold anymore. i don't know if we'll take out that low of 5.8. the earnings this week have not been that good. cvs is the bright spot. cvs lacks like they could handle a tobacco bump okay. a lot of what happened last friday seemed like short covering to me. a lot of stocks, i think particularly the industrials, they're beginning to come back, you give up some of those games. >> jim, i'm crazy about your shirt. good morning. how are you? number one, apple at 529, can that make it to 650, jim? mr. icahn has pulled back. it's a cheap stock. r & d is ramping up. we have to expect new products soon. how should we be playing apple here? >> i like apple so much, david. i know you do, too. icahn goes away, what does the stock do? it leads technology yesterday. what does that tell you? this is a company that was opp

think about conagra, that guide down was severe.roctor may get the benefit of the doubt because the stock was $82 and they reported that thing and no one believed the growth. unileaver is taking it to them and colgate was taking it to them. this is embarrassing they lowered the guidance two weeks after. jim, come on, pass, pass, pass. no free passes. >> i did not know that they did that much in terms of the balances in venezuela. 2$230 million to $280 million after tax onetime charge of write-downs because of the devaluation of kurcurrencies. >> you didn't see that hit. you didn't see that. disappointing. let's say that. disappointing and my charitable trust owns it. disappointing. >> we'll see if the stock is down. if it's going to be down at all this morning. >> by the way, deere was up two because people didn't read the deck. the deck did not talk about robust ag. >> they do that a lot, though, with the -- >> and then when the cfo comes on -- >> yeah. >> -- i mean comedy turns to tragedy. i'm talking about shackespearea nightmare