we heard the same thing from the much beleaguered conagra. here's the president of consumer foods, who put it bluntly, quote -- i think the challenge that many manufacturers face, including ourselves, is there's more competition for the limited space in stores, certainly what we have seen is a lower lift as a result of that. this is a huge problem for the entire industry, causing trouble for a whole range of companies. take b & g foods, b and g, not like them at all, missed the forecast by a mile, delivering a six-cent miss. the reason? they had to dramatically increase the promotional spending to gain volume in an overly crowded merchandising environment. it-them post a 2.8% increase in volumes, but they also crushed the company's gross margins, shrinks by 350 basis points. wall street does not like that. how about the aforementioned conagra, which has been trying to turn around for ages. when the company last reported in laid june, the ceo pretty much admitted to blowing the acquisition and underestimated how long it would take the company

it was under his tenure that conagra broke into the largest private food label earlier this year. >> with food. shares popping in the premarket. soared aster profit it posted higher sales. aramark raised its earnings outlook range. shares of pepsico, the beverage and snack giant, upgraded to buy from neutral at ubs. expecting earnings to continue to beat estimates. zillow, shares falling in the premarket. w's purchase of trulia may not be a sure winner, shares might be overpriced. more than 900 authors have united in solidarity against the e-commerce giant. to one of them earlier. amazon is fighting back with its own pr campaign in response to a battle that has amazon blocking or delaying sales of hachette books allow negotiating a new distribution deal with the publisher. now, it is also blocking pre-orders of disney movies. "> "captain america peter >> it is like the music business. you did have the valuing of music. he made it cheaper for people to buy. in many cases, they ended up getting it for nothing. that the quality of music has gone down, to some degree. the artists -- >> b

conagra right now 57 vs go right now 61 and 62 degrees in oakland.ange in the temperatures the sunshine is now out yet. it looks like '60s inside the base by lunch tray. we will see '70s and the livermore valley. cupertino 78. will see similar conditions and the east bay it's cloudy right now. castro valley at 75. these temperatures are pretty mild cooler than average for the most part. but we will say warmer weather as we had it to tomorrow. the warming trend will carry gas into the weekend. it's the time right now is 645. >>: george: the trip to the altamont and livermore west bound has to problem slowly the ride. there is a 55 to 58 minutes drive time for the old, passed down to the dublin interchange. the bay bridge is also slow if you're coming from the base or the drive time is crept up to 18 minutes. for your ride to the samba detail bridge things have really bogged down at the toll plaza. it is a break let's just out from the toll plaza. right now the drive times are running about 15 to 60 minutes.16 min. there is not gea backup in the west b

shares of conagra, the company is seeking a new ceo to replace gary rodkin expected to retire in theext several months. stock now you can see up just about 0.1%. 2 cents, off the lows of the session. back to you. >> thank you, mary. >>> next guest, the creator of the comic strip "dilbert & company." scott adams said, the financial industry is the world's biggest scam. arguing financial advisers should come with warning labels, like cigarettes. he joins us now from san francisco. scott, are you serious? >> yeah, i'm serious. one has larger dollar amounts associated with it than personal investing. and you've got warning labels on, like you said, cigarettes, which also have it on food. nutrition labels. if a bank wants to make a loan, they have to put an apr on it to be compared to other loans. so why not with personal financial advice, when in many cases the biggest risk to the personal investor is the individual giving them the advises. >> why do you say that? >> first of all, they're charges fees. right? might be charging 1% of your portfoliowhether it goes up or down. if you happen

breaking news, the ceo of in and out -- gary rodkin of conagra foods, the huge agricultural combine,news on a slow monday morning. that is not the case. will move back over to politics and your technology. particularly the chaos in the advertising business. is the best i know on linking the advertising world into facebook and twitter. look for that on the 6:00 hour of bloomberg television tomorrow. let's get to some company news. >> international bookings are boosting priceline. they have just released results analyst estimates. they're now expanding overseas. they have grown up 20% for seven straight years. new troubles for the site that everybody loves to hate. facebook, there is a furor about the new messenger app. installing it compromises privacy information. facebook says google is to blame. d has newfound cash to power its expansion. they're getting millions from an investment capital company. bloomberg has a stake in the company. new contentl unveil and build up its motion picture branch. >> the top 10 places to get lyme disease during the summer. >> millbrook -- >> buzzfeed,