heinz. he started out selling horseradish with limited success, but it was his tomato ketchup that really took off. >> so we're out in a tomato field in the middle of california. this is a tomato field that contains 4707, our workhorse heinz variety. >> reporter: troy shannon works for heinz. >> this tomato is exactly right for ketchup. it's much thicker and less juicy than a normal tomato you that buy in a grocery store. >> reporter: the 4707 has actually been patented by heinz, the result of years of research and development. and after those 4707s are picked, they become the responsibility of hector osorno, tomato ketchup master. really. that's his title. and he knows the secret recipe. have they told you what's in the spices? >> yes. >> so they trust you with that information? >> yes. >> but you can't tell me? >> no. >> reporter: osorno is one of only seven ketchup masters at heinz. >> and sometimes what we do is just check. >> reporter: charged with maintaining the taste, color, and cons

they have a story about how kraft heinz passed on pinnacle foods.t did not see it as a good strategic fit or a good value. remember conagra bought pinnacle foods. but it's another example of a company of brands that are in the center of the industry and that's not where you want to be in the grocery these days just as far as the macro issues we were talking about on the kraft call prizing did rise by 1.3 percentage points in kraft you hear the ceo talking about the fact that cost inflation on many fronts has been holding back the bottom line on top of these weaker sales trends and the packaged food companies are dealing with, they're dealing with inflation and cost pressures and inputs. do they have the pricing power to raise on consumers now which is something they have to do. >> right that has been reflected in kraft heinz performance. it's down 29% for the year. >> yeah. so, you know, it's a nice move up and moving higher as we talk about it now. >> a lot of commentary out of the number yesterday either about tariffs or price increases on the pac

kraft heinz and campbell are two of the worst in terms of numbers.rganic growth down 2% their forecast is for that to barely grow. that's the kind of industry we're in right now >> that said, they trade at a multiple that's the lowest other than perhaps post and one other company out there. >> smuckers not doing too hot. >> meantime, the president ramping up his attacks on google again today. social media companies and the media at large eamon javers joins us. >> take a look at this video the president released on twitter to millions of followers yesterday. it accuses google of being biased against him because the video says that the president -- the google folks teased ahead to president obama's state of the union addresses but did not tease ahead to president trump's state of the union addresses the problem for the president is that google did, in fact, tease ahead to president trump's state of the union address look at this screen grab in fact, they did tease live coverage of the president's state of the union address in 2018 google released a sta

rose the kraft heinz most in a year and a half at one point. food company reported quarterly sales and profits that topped estimates. there is any report that kraft heinz started for library talks with campbell soup's about a deal. bloomberg has learned kraft heinz has narrowed that list of bidders from $1 billion portfolios in the businesses it is selling. -- posted their biggest profit since 2011. rising food prices offset sales disruptions by truckers strikes. they also cited progress in cutting debt is the most -- that is your business flash update. next, chinang up steps into a the struggling yu -- aid the struggling yuna. an. this is bloomberg. ♪ amanda: this is bloomberg markets. shery: china is stepping in. the people's bank of china israel imposing a requirement that makes it more expensive to bet the yuan will weaken against the dollar. george lay. welcome we were speculating whether or not the trade tensions led to the pboc staying away from the -- this time it is not direct intervention. what is happening? george: overnight we had c

kraft heinz up 8.3%. they beat, rising stocks that are, speculation on the possibility of a deal with campbell's. company,his security down 13.8%, slashing their workforce. and the lackluster view weighing on shares and then stericycle down 13%, a medical company. their shares are lower as the full year vote -- view is below consensus estimate, investors not liking that. earlier this week, the nasdaq 100 down. you can see the volatility, then yesterday apple took off the $1 trillion market cap, now up 1%, the first in three weeks. it is interesting last week we have fallout from facebook. this week we have apple. if we were to include the fallout from last week we would be down, but we are looking at a gain. and you were talking about a haven. take a look at bonds, the yen and gold all rallying. the dow could go the way of the nasdaq, to the downside. some investors seeking haven assets. interesting, thank you. --caroline: interesting, thank you. europe is off to a good start. disappointment a . this is t

mentioning condiments and new sauces in europe and the middle east best day of the year for kraft heinz. this is company still seeing organic revenue growth of negative 0.4%. they've been promising top line growth they haven't seen it they're in the center of the super market, which is tough place to be. but kraft brands have been particularly brand they've also been cutting costs as run by 3g i think a lot of the move has to do with cost speculation which continues to heat up there's a post in "the new york times" that they're looking at campbells soup and that gets investors excited. >> we have brand erosion, no pricing power. it's like a hail of locusts for consumer stocks. but look what happened, they all fell apart and now they're starting to bounce a little bit. i'm not saying it's a lot but what are we up, 15%? >> there was a company that was down 30% over the last 12 months and it's bip hit hard on some of those trends, you're right but there's this idea that the trends are stable and things are coming back, and maybe they'll have a little pricing power when it comes to passing

kraft heinz shares rose 8.5% to $64.48 while mpbell's soup cl>>bed to $42.76.wo investors are taking two after the publisher easily topped street targets after the bell thursday and the results were due to stronges s of grand theft auto online and mba 2k18 titles. shares of take two rose 1% to 23.41. sharo of go posted their best days in a year after the company posted better than expected results last night and gopro says it sees sales above estimas and it plans to launch thre new cheap cameras for the holiday this year. shares were up 18% almost to $7.05 a share. >>> discover fancial says its xef david helms will retire next year and reel be retired by the company's chief operating officer and he's been ceo for 14 years now and discover shares were up to $73.34 and perry ellis says it haecved a new bid for $28.90 a share and that works out to $444 million. that's up from the earlier offer of $28 which was rejected and the sweetened offer is another attempt by the privately held randa to up end perryellis' previously agreed-upon deal and that deal was worth $4

ketchup packet be numbered kraft heinz announcing a pledge to make 100% of its mac capacka recyclablereusable most of the items are there, but the little ketchup packets are the exception. the company is not sure what kind of packaging could match foil packets and be convenient, and they say if it doesn't exist they'll invent one >> i never understood those packets. half of it stays in there. you find it on the bottom of your shoe. >> you go through the drive through, you get some french fries, it's easier for someone to hand you packets. >> they have the pumps, just put your mouth under there >> yeah. >> why need a container. why muck it up >> i'm not a huge ketchup fan. i don't know i'm more of a salsa person >> it's almost time to head back to school. this is the story that really has brian riled up this morning. >> love it students in france will have to return sans their smartphones. a new french law bans students from bringing their phones and tablets to school or at least requires them to turn them off officials supporting the new law say it's part of their responsibility to pr

one greatfully by samuel heinz writing a myth is not a falsehood. it's some of what we have come to accept is the truth. the order we have made a past event so that we can understand them and live with them. well, also think that the winners of complex tend to create the myths as well as the great history about those conflicts. of course you know from world war ii, life magazine, bill malden, partially realistic images that came out of the war. and war is not just about what people say, it's about what people feel. and private ryan and speilburg really grabbed you emotionally, grabbed almost every emotion you could feel in that show. and that was an extraordinary accomplishment. and one that we are and always will be grateful for. there's a larger story here too that almost all great wars in history have a center of horror, a battle field that's iconic or a battle or series of actions and maybe a way of dying that becomes a focal point of the what you remember from that war like the retreat from moscow is what you might think about. and so that's if

>> kraft heinz was formed in 2015 at work shredded warren buffett and berkshire hathaway.each own 20% of kraft heinz. 3g is known for its cost-cutting, including big named brands by campbell soup. you will see they own 40% of the company. another big shareholder, dan loeb, pushing the family to make the sale. vonnie: thank you. caroline: coming up, following 34 minutess than from the end of trading. up across the board. every industry group pushing up higher. you name it, it is in the green. take a look at the fx market, dollar weakness, labor data coming out. on the flat side, euro against the pound. we are euro up to 10%. the bond market, we see a rally all but in italy will we so yields push higher. politicalce again tensions capture our attention, concerns about the government and the finance minister. more into that after the break. this is bloomberg. ♪ reporter: it is 11:00 in new york, 11:00 in hong kong. 30 minutes left in the trading day from europe. i am caroline hyde. paul: this is the european close on bloomberg markets. caroline: here are the top stories we ar

but heinz creek an excavator driver is sure of himself. nine but. this goes on for three hours that's. the same process twelve attempts to go. high and krieger can come in and guess or rather locate the water he has rather tireless. three with. the test ends with a cigarette break and an attempt at small talk. you don't have to get them all right seven is enough. before. of course. the moment of truth dr both compares the actual buckets with keegan's divination we have seven to ten seven five eight seven four two eight and seven three you didn't get a single one right. then i'll stick to finding pipes i'm telling you it won't work with a pipe signed the new can those will be. but i can show you. this mr. implants that will have to be tested in the same way we've done here i'm not surprised that it works on a construction site with the when someone has experience with digging the defining rod strike then and only there in places where you consciously or subconsciously expect something to be evolved and the years. of thank you for coming in with. the

him will be missing him and just briefly cain of course was president trump's fiercest critic howard heinz donald trump in reacting. donald trump sent out a short and rather unconvincing treats saying that his thoughts and prayers are with the family of joe main came but i think what will stick in people's mind is more how president from just a few days ago omitted the name of john mccain when he was presenting odd signing a defense bill that basically had john mccain's name on it and on the trump managed not to mention him at all it just shows how petty the battle between the two have become and people are not really looking for more quotes from the from donald trump at this point the focus is on john mccain ok const many thanks for that cousin phenomenon reporting from washington. pope francis is due to celebrate an outdoor mass in dublin later today on the second day of his visit to ireland with more than half a million people expected to attend the pope is currently in the west of ireland where he led the so-called angelus but only in the not shrine encountered. the pope again addressi

. >>> and kraft-heinz announced a new pizza venture with oprah winfrey.hey currently make refrigerated soups and side dishes. and oprah is a major shareholder in weight watchers i think the tagline is, o that's good that's the news at this hour back downtown to "squawk allall" >> my cyst who are -- sister who is gluten-free will be excited about this >> i didn't get the pizza box. it wasn't in stores yet. sorry. >> kraft-heinz has been one of the worst performing packaged foods in this business which is not showing sales growth and it's not giving them a boost today. >> you would think it would. >> oprah makes money when you are on your diet with weight watchers and then when you hit the pizza and fall off the wagon, she makes money, too. >> heshe's hedged completely. >> she's diversified. >> she knows what she's doing. sue herrera, thank you >>> now to don chu with the latest >> the markets are closing relatively mixed as investors monitor the trade talks kicking off between the u.s. and china in the coming days and weeks here the carmakers are taking a

there is a report that kraft heinz is limiting talk about a deal.ta is preparing for challenges in the u.s. market that could be hit by a trade war. the japanese automaker is shopping -- for keeping costs in line. toyota reported quarterly profit that beat estimates. shed itsany sla prediction by 50,000 vehicles. tradern unidentified unable to cover losses. in one of the world #is cryptocurrency menus. the exchange was unable to cover it shortfalls. that is your bloomberg business flash. david: every month, we focus on the numbers of jobs created in the wages, but could we be missing other measurements of the body of those jobs? that is what the senior executive -- sounds like to many -- too many seniors -- stephanie flanders who has written for bloomberg? stephanie, i found this piece fascinating? u.n. around the country and found people of -- and now people left behind. >> it was supported by 20 of the biggest cities in the u.k. what i was struck by having these evidence sessions, everything was defined by mass unemployment. the solution was to el

the head of the museum stefan heinz tells me a bit more about tradition and culture in this place but. i mean no my boy. well let's talk about the source why did they decide to settle in this play about i think because well because you don't give me the actual sorb settlement region is much larger and get reaches all the way to dissolve the river and up to berlin and down to the saxon or a month and a fish you can sink this brave sort of someone who made a bad choice by coming here with all the canals and many mosquitoes here but water played an important role it's essential for catching fish and there are plenty of forests in the area and the swamps help keep invaders out. so i think the overall conditions for settling right here in the middle of the spray about weren't actually that bad after all. he didn't. need to get us out when he went over the century storms have been persecuted their language for baden can you tell us a bit about the history. versus the sorbs were christian honest and they were treated like a minority for hundreds of years they were more or less oppressed acro

the kraft heinz quarter they emphasized growth. >> they did.hey said they're going to return to organic growth you weren't here friday. >> wasn't that something >> it was surprising the stock did respond positively. >> yeah. because instead of a really pushy we have to do an acquisition, have to do an acquisition. they talked about how they're digitizing and the possibility second half of growth and immediately campbell's goes up. >> right and there was reports. we'll see. >> not much to report at this point. that process is ongoing, jim their bankers are working on it. their lawyer is working on it. to your point, i think the companies there's some who say some disarray. >> that acquisition -- >> schneider wack suggestiacqui. >> david does this that's the kiss of death. >> right you don't want to see that. >> opposite of affirmation. >> it was a big number and i knew what the cover was. it was so far below. you're like oh boy somebody was anxious. >> whoa! and that didn't pay off. >> before we move on to trade -- the new guy at pepsi do you kn

>> berkshire wouldn't, partly because we own kraft heinz but it's hard to offer significant premium to a package to the company and have it make financial sense. the packaged goods makes high returns on tangible assets it has but it is a tougher business than it was ten years ago and the stocks are higher than they were ten years ago, so we back in the '80s were the largest shareholder of general foods i always liked brands and they're very good brands, but in terms of the battle of the retailers versus the brands and the willingness of people to change their habits probably has a higher propensity for that than 20 or 30 years ago, so branded goods, branded packaged goods are a very, very, very good business in terms of return an tangible assets but they're not a sensational business in terms of where you can be five or ten years from now. >> let me ask you about some news that berkshire made a little over a month ago. i'm not sure it received quite the attention that it should have you said that you were changing your views on buying back berkshire shares >> right >> for a long time,

there is a new report kraft heinz has begun preliminary talks with campbell soup. bloomberg has learned, a list of bidders in the instance that it is selling. shares of shake shack dropped the most in two years. 's existing --in expansion has hurt foot traffic. 30 stores inrease the u.s.. in compensation will be across the board, with the exception of m&a bankers. the biggest increase will be in equity sales. they can buy you a burger at shake shack. that is your bloomberg business flash. scarlet: a lot of time left in the year. it is time for our stock of the hour. gopro. shares are soaring in on pace for the best one-day gain since 2014. abigail doolittle joins us with the details. expectations for gopro are all over the map. it is like a cap that has -- cap it has nine lives. in this case they put up a smaller loss than expected. the bigger pieces they are atecting, investors looking this. aggressive cost-cutting. the sales little better than expected. >> i thought gopro was gone. do you know people who have been buying gopro's? >> that is an interesting point.

style is what caught the viewer's attention he calls it neo swing and we met him in his hometown of heinz back near the dutch border to have a world. sure c. span our turn lives near the western german city office for a long time dancing was just a hobby for him now it's his bread and butter. when autumn was studying computer science he wanted to exercise to make up for the long hours spent sitting at his computer in twenty thirteen he shot a video on his mobile phone of himself dollars sing in his living room posted it on you tube and became an internet sensation soon enough it came from the united states. it was only after four million views that i even got the first comment under my video and i got an invitation to los angeles and i just wrote it off thinking it was a joke i just couldn't be truthful so this wasn't part and was asked to shoot a commercial. at los angeles airport he was met by a chauffeur and driven to a luxury hotel on new day a triumph. i remember the first night i ordered a muffin it cost around twenty dollars. and i thought i can't afford all that sauce without thos

> it's down 17% year to date and it's popped 19% off the bottoms and it's a campbell's soup, kraft heinz story and that keeps investors on their heels and i think you can still trade it >> i'll tell you what, a lot of these food stocks which have been a function of consolidation and it's been a story for years when the market was very, very cheap and when rates were at almost zero and these guys were trading at multiples and i just don't really like the sector they're not growing the top line and having to rely on kraft to remake itself from a corporate structure perspective, it doesn't get me excited >> trading time, next year's earnings >> we were looking at the stocks and when rates were lower and we're looking at them 22 times and now we're looking at eps growth like mid-single digits and the sales growth trading at a market multiple, 17, 18 times. >> and the yield at 4% >> right so we have the ten-year at 3. >> so you'd fade it? >> i think the only bull case right now is the m and a >> tim seymour, coors was up 8%, kind of within the food sector >> the bear stocks two years ago were

heinz and company, department stores, the governments of the city as well as the surrounding towns. the average pittsburgher was tempted to think, well, here we go again. but it began to be impressed by 1945. that was the year when the city realized there was a force behind the paperwork and the plans. you can't use halfway measures. a big problem needs a big answer. you tear down the old and put in the new with modern muscles, modern tools. but the big prime mover that got things going in pittsburgh, bigger and more powerful than the cranes, the acetyline torch were the people, the people of the allegheny conference. they had to overcome the big overgrown -- that could be accomplished and they did and proved it could pay. if you know pittsburgh, you'll recognize this. it's the old downtown point district, dead and gone now, and no one to mourn for it. and this is the plan for the new, now coming to life. there's a new horizon now looking toward the allegheny, a new landscape, new towers, a new horizon. and for the increased thousands who work downtown, there are municipal undergrou

another interest the steel industry and the unions, hg heinz and company, department stores and the governments of the city as well as of the surrounding towns. the average pittsburghers was tempted to think well here we go again. but began to be impressed by 1945. that was the year the city realized what was behind the paperwork and the plans. a big problem needs a big answer. you tear down the old and put in the new with modern muscle, modern tools. bigger and more powerful than the cranes and the bulldozer was people. the members of the alleghany conference had to overcome the attitudes of a nation that so gigantic a change could actually be a promise and they did and proved it could pay. if you know pittsburgh, you'll recognize this. it's the old downtown point district dead and gone now and no one to mourn for it. and this is the plan for the new town coming to life. there's a new horizon looking towards the alleghany, a new landscape, new towers, a new horizon. and the for the increased thousands who have lived downtown there are municipal underground parking garages going down six storie

you may remember last week a report surfacedaying that kraft heinz had started exploratory talks abouting campbell'soups. campbell closed at $41.35 off more than 2% today a suntrust is initiating coverage of online personal shopping service stitch fix. it's got a buy rating now. the firm says stitch fix is the leading pure play in the sector and should contie to outperform expectations. priceart set at $38. in a down day shares finished at $33.31 up about 5%. >>> tesla is reportedly lking for a wide pool of investors to back ceolo musk's plan to take it private. it would conntrate ownership among a few large stakeholders. >> well, elon musk has beco certainly a celebrity ceo who is closelis tied to company tesla, just like the late steve jobs was to apple and the beloved jack welch to ge, but is it a good thing for investors when the ceo becomes the brand? j.j. qanahan joins us. welcome. >> know you kp a close tab on what your customers buy month to month and sforth, and often tesla comes up as one of their top holdings. it's called betting the jockey when you want to buy the face of t

they hired me as a contract moved to -- when they from the stadium to heinz field. they had no game plan as to what to do with all the season tickets. they will just pass them out. they did not understand. does anybody have season tickets to any football team? beside thesitting same people all the time. you form relationships, you go through wins and losses together. so they brought me in. everything up in the air and started all over and helped people re-create those communities that were so much part of the wins and losses of the steelers. >> how did you get into journalism? i read a lot of reporters in a lot of publications, and you who grew upmeone and part of america that it seems like a lot of journalists forget about. salena: i live in pittsburgh. anyone from western pennsylvania? >> we have a couple pittsburghers. parents are in appalachia -- is the biggest city in appalachia, the most cosmopolitan. [laughter] salena: i have never left pittsburgh. i have worked a variety of different jobs. i never knew what i wanted to be when i grew up. i have a degree in h

disney shares a near one year heinz carter worth says the charts are pointing to more when company reportsarnings next week he'll break it down. plus, how would you like to get long shares of amd for next to nothing? >> nothing >> yes, nuttin'. dan nathan will explain how. and -- as one social stock after another tumbles, traders are eyeing one name in particular for next week. and here's a hint. ♪ >> micohas the snap trade. it's time to risk less and make more the action we begins right now >> sure does let's get to it. next week is all about media earnings and disney in particular the stock has been on a rally closing out the fourth straight week in the green, longest winning streak in nearly three shares whereas shares just below a 52-week high let's get straight to the chart master what do you think? >> just as you said, disney has come to life of late the precondition of underperformance with nascent outperformance is often a good setup. consider the chart, a three-year chart, this is the underperformance disney in blue basically no progress in three years as equities in general as me

now the sun was setting, during these evening, but heinz and —— behind some clouds.er, with sunshine. the reason that it is cooler, is we are picking up atlantic airflow. the orange colour, which is intense heat across the continent. the rest of the night will be dry and clear, light winds, a few showers returning to the west of scotland and western parts of northern ireland, and across the south—east corner, more cloud and if you showers. that will keep temperatures up. it could be quite a chilly night, dipping now to low single figures out of town. a cool site of the day across northern areas, bright with sunshine. showers will get going, particularly crossed the north—west of the country. they could be heavy, and maybe thundery. then of course the south—east, thicker cloud, and outbreaks of rain, and increasing breeze. now, this feature, a bit of uncertainty as to how westwards it is going to come, but it could bring some heavy rain to parts of kent and east anglia. further west, a moderate amount of rain, but it could be a bit of a grotty evening, when the winds

disney shares a near one year heinz carter worth says the charts are pointing to more when company reports next week he'll break it down. plus, how would you like to get long shares of amd for next to nothing? >> nothing >> yes, nuttin'. dan nathan will explai

contract person to, when they moved from three rivers stadium which they had been from 1970-2000 to heinz field. they had no game plan as to what to do with all the season tickets. they were just going to pass them out. they didn't understand, does anybody have season tickets to any football team? okay. it's like sitting beside the same people all the time, like every year. you form these relationships, you go through wins together, you go losses together, and if you don't like the ticket, there's someone else behind you that'll take it. >> wow. >> so they brought me in. i threw everything up in the air and started over and helped people recreate these communities that were so much part of the wins and losses of the steelers. >> so how'd you get into journalism? because, i've got to tell you, i read a lot of reporters and a lot of publications, and you read like someone -- and you are -- who actually grew up in a part of america that it seems like a lot of journalists forget about. >> yeah, i live in pittsburgh -- is anybody here from pittsburgh? >> i saw them on the registration, they ma

people from kraft heinz will be filmed as they ask residents to get rid of their mayonnaise and substitute miracle whip. >> what a genius marketing 'mll in. g olthe ma. mayo.thyo another az" >>> but first, keeping the cash. the battle over $400,000 one couple raised for a homeless veteran who made national headlines when he came to a woman's rescue. >>> and later the chaos at a beyonce concert as a fan rushes the stage. ur mornings were mader better things, than psoriatic arthritis. as you and your rheumatologist consider treatments, ask if xeljanz xr is right for you. xeljanz xr is a once daily pill for psoriatic arthritis. taken with methotrexate or similar medicines, it can reduce joint pain... ...swelling and significantly improve physical function. xeljanz xr can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal infections, lymphoma and other cancers have happened. don't start xeljanz xr if you have an infection. tears in the stomach or intestines, low blood cell counts and higher liver tests, and cholesterol levels have happened. your doctor sho

kraft heinz is said to have list of bidders for portfolio and indian business is it is selling including drink. the tata group and consumer goods group topper india are among suitors selected for the second round of bidding. they are seeking $100 billion for the assets, more than 20 times earnings. haidi: they investigate the allegations of sexual harassment and trying to foster a safe workplace at cbs. they rejected claims of a corporate culture hostile to women after a string of complaints against ceo les moonves. it outside law firms are investigating him. he will remain ceo during the inquiry. ramy: mission accomplished for tom cruise. mission impossible leaving little box office for the second straight weekend. this one added $111 million to a worldwide total of 300 million dollars. anlo mr. billionaire had impressive second week, bringing in $6,500, but it was muted for christopher robin. when he and -- managed $30 billion in ticket sales. haidi: that is a most it, but yvonne and remy will be up next with daybreak asia. happy monday. yvonne: happy monday. it is all about china here

kraft at other movers, heinz and campbell soup, last week, it had been up in a big way on rumors and speculation there could he a deal with campbell soup's giving some back. campbell soup's about flat. , on thehe biggest possibility that u.s. antitrust demand could threaten the 7.6%.y's deal down the maker of sharpie pens among many other items, put together a disappointing order. look at the intraday chart of the 10 year yield. until about 8:00, up slightly, which told us at that point, pulling back. now down to basis points, really giving some of the backdrop -- plus, we have ceo jamie dimon talking about the possibility of 5% investors, not seeing that now. tapping into the bloomberg, let's look at what that could appear like. a long chart of the 10 year yield in relation to the moving average. well short of 5%. what that means for the repricing of risk and of course, the effect on the economy. -- shiny in recent days, weighing on sentiments somewhat today. especially for one of the biggest banks, it is struggling to produce a significant revenue growth, with an effect on asian ma

in extended trading stock down more than 8%, since last friday. >> turning to earnings, now kraft-heinzraised prices in response to higher costs to make its products kraft heinz says it sees sustained revenue growth under development and marketing, shares sharply higher premarket. >> dish rallying ahead of the opening bell up 4%, earnings per share revenue topping expectations, and the cord is cut in favor of online video streaming. >> you have to get massage chair somewhere else brookstone filing for chapter 11 border patrols plans to closing all rage stores retailer watching declining foot traffic as more shop on line for gadgets brookstone owned by chinese conglomerate hopes to keep 35 airport stores openly. >> police in boven pulling over one-year-old for driving without with a licensed, test driving red toy mercedes a friend a police officer flashed his lights to pull him over fortunately he didn't need to talk out of a ticket, he was let go with a cuteness warning. >> adorable. >> very sweet thank you so much we are 12 minutes away from july jobs' report what you need to know ahea

kraft heinz is up 9% 7%, j.m. smucker energy is the weakest.e is surging double digits today. capping off volatile few weeks for the stock. electronic art, activision, both stocks are now in correction territory. jim, you own electronic arts it's been a great year to date for all of this space. >> exactly even after these, i'm not going to call them correction, but these downturn, they're still up nicely on the year i think there's one thing that doesn't get too much press in sector into some of the revenues for these companies. i think that's why ea gave tepid guidance fortnight is owned by epic game gaims. after you factored that in, the demographics are good for this sector they may have gotten a little ahead of themselves, but i think they're fairly priced. i like ea the best, but i think all three are well poised from here >> i wonder if you know, specifically with ea, which is down 8.5% a month, those sports titles >> got really ahead of itself. >> you're getting into the prime time you're going to have new hockey season is not that far w

. -- best come across times the best, kraft heinz rallying.here's speculative that could be a deal between them and campbell's soup, so we see a rally for campbell soup as well. it is leading to other consumer staple needs. general mills and kellogg, some gains their. very quickly, a look at the dollar on an intraday basis because we will see after that the payrolls report that was a bit of a mess. basically neutral, a little bit of a debt for the bloomberg dollar index. on the week, the dollar is slightly higher. shery: coming up, larry kudlow has a message for china. don't underestimate president trump. we will talk trade and jobs with austan goolsbee, former chairman of the white house council of economic advisers, next. this is bloomberg. ♪ kevin: this is "bloomberg markets: balance of power." shery: let's get a check of the bloomberg first word news. here's mark crumpton. mark: china is poised to strike back at the u.s. on trade is the trump assertion goes ahead with plans to impose tariffs on another $200 billion of chinese products. bei

we are working with kraft heinz on miracle whip.tter is how much the backbone of driving sales at albertsons and walmart. i will say that maybe the with th oftention -- wid attention on twitter is not growing to the stock market's wants and needs, but the ways to maneuver in it and it's at three to over the last four years i have been critical and not excited about twitter question,but i, no have seen over the last six to 12 months seen a resurgence different from the trump effect in just how much attention is in the platform. when you have attention, you have the ultimate currency. it will be interesting to see what they do with their own tt. they were flirting with that space a year ago. i don't know how earnings are done or how much the street values things, but depth and maybe not width is not emerging. emily: in 2007 just before the financial crisis, one of them was a tech company, which is microsoft. is the market putting too many eggs in the tech basket? gary: i think about things in such long-term, like the thought of me und

kraft heinz had a decent report. clorox had a decent report this week kellogg -- that's a 52-week high, $72 on kellogg so we bottomed a bit on the consumer staple names. another one i haven't talked about recently is the retail space and real estate investment trusts they had decent numbers overall. they're notably up this week they weren't all reporting today. last couple of days. that's been a real turn-around for that space not helping the stock market is oil. we can't get above $70 we've had supply concerns. it's been crummy for all the big oil names, anadarko, eog playing the selling on the trade fears did not work we are near new lows on volatility, and tech sentiment remains bullish. we have seen modest moves in some of these names, pharmaceuticals have done well, but tech remains the dominant story. the vix, we're at a new low for the year sitting below 12. back to you. >> all right, thank you very much. >>> a trade tantrum escalating yet again. china hitting back against president trump's latest tariff threa

jim heinz of connecticut is a member of the house intelligence committee and he joins us now from stamford, connecticut. thanks for taking the time. >> good afternoon, jim. >> so that e-mail there was an example of manafort's continued influence or perceived influence with the trump administration because three months after he left as chairman he felt he had the influence at least to request a job for his banker. how concerning is that to you? >> well, it's ugly. it's very ugly. the american people should have the confidence of knowing that their secretary of the army or their under secretary of commerce didn't get that job because he wanted to -- he was willing to extent a loan to paul manafort. that's not the way a government should work. and it just really -- talk about the swamp not being drained. it is the ultimate in influence trading. now surprise, right. no surprise. this is an administration that sort of makes a hobby of influence trading and so i'm not surprised by it, but again, it's further example of the reason why the american people have record low regard for washington, d.c

wouldn't be here without the excellent work of the appropriations full committee staff, including shannon heinz, chuck keytper, as well as my own subcommittee staff rachel taylor, ryan hunt, melissa zimmerman and the excellent majority staff led by lee fonesbeck. i'd like to thank senator murray who serves on the appropriations committee with me and i believe on my subcommittee for his courtesies today to allow us to appear talking to each other and having a colloquy here. and with that, just also say about senator merkley a very important member of the appropriations committee, stands up for all these issues i talked about, and thank you so much. mr. president, i would ask unanimous consent to enter a longer statement in the record. the presiding officer: without objection. mr. udall: and then i would yield to senator merkley. mr. merkley: mr. president. the presiding officer: the senator from oregon. mr. merkley: i ask unanimous consent that my intern aaron mcguiness be allowed floor privileges for the balance of the day. the presiding officer: without objection. mr. merkley: i'm delighted to

we are working with kraft heinz on miracle whip.uns me how much twitter is the backbone of driving sales at albertsons and walmart. so i will say that maybe the width of attention on twitter is not growing to a stock market's wants and needs, but the depth of attention in the platform, and the ways to maneuver in it, and its ad products, over the last three to four years i have been quite critical and not excited about twitter publicly, but i, no question, have seen over the last six to 12 months a resurgence difference than let's say the trump effect in just how much attention is in the platform. and when you have attention, you have the ultimate currency. to me, it will be interesting to see what they do with their ott. i think they should play in that space. they were flirting with that a year or two ago. again, i don't know how earnings are done or how much the street values things, but i will say depth and maybe not width is emerging on twitter. emily: the top five companies by market cap are facebook, amazon, google, microsoft

advertising online a pioneer, that's 60 very much using facebook is part of that ad last friday kraft heinz, hardly known as a visionary when it comes to getting in touch with younger consumers made a point of telling people on its conference call that it's going digital in a big way again you know what that means it's facebook. it's unavoidable while expenses are going up and growth is decelerating, neither is heinous enough to scare away fresh buyers meaning people who weren't caught in the fresh sell-off, who don't have to forget because they weren't part of the fiasco. when ceo john legere announced he was going to merge with softbank on sprint, the stock sank like a stone. now days the justice department will allow the carriers to merge in order to create a viable 5g competitor to at&t and verizon they're willing to forgive the idea of the merger and forget that the commentary at the time was a resounding no can do some of this is the infectious way the ledger tells the tale, basically arguing neither will be able to withstand a real price war with at&t and verizon. some say it was so