introducing heinz new better tasting yellow mustard. mmm! >> jeff: well back in cleveland, you see the double-team and how they're playing out of the double-team. curry doesn't get a set here. just release the pressure. now they're playing four on four as j.r. smith is locked up with klay thompson. open three. and then lebron james, trying to shoot the gap. as curry's looking to make the first pass out of the trap. instead, he skips it to the opposite corner. for the wide open three. beautiful play against the trap by steph curry. >> mike: approaching the midway point here in the fourth. green kicks it out. iguodala wide open shot. hits the three pointer. that's the tenth assist for tray monday green. he's got a driptriple-double tonight. how about iguodala with 23 points? that's the most he's scored all season. james drives. and finishes. >> mark: i keep saying how good is andre iguodala been in these finals? and the guy deserves this moment. because he's sacrificed. >> mike: iguodala once again -- not that time. rebound knocked out of boun

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introducing heinz new better tasting yellow mustard. mmm! >> jeff: well back in cleveland, you see the double-team and how they're playing out of the double-team. curry doesn't get a set here. just release the pressure. now they're playing four on four as j.r. smith is locked up with klay thompson. open three. and then lebron james, trying to shoot the gap. as curry's looking to make the first pass out of the trap. instead, he skips it to the opposite corner. for the wide open three. beautiful play against the trap by steph curry. >> mike: approaching the midway point here in the fourth. green kicks it out. iguodala wide open shot. hits the three pointer. that's the tenth assist for tray monday green. he's got a driptriple-double tonight. how about iguodala with 23 points? that's the most he's scored all season. james drives. and finishes. >> mark: i keep saying how good is andre iguodala been in these finals? and the guy deserves this moment. because he's sacrificed. >> mike: iguodala once again -- not that time. rebound knocked out of boun

introducing heinz new better tasting yellow mustard. mmm!says she's an undisciplined overwaterer. she claims he's a cruel underwaterer. with miracle-gro moisture control potting mix, plants only get water when they need it. fight ended. or shifted? miracle-gro. life starts here. >>> this morning, iraqi troops hitting an isis stronghold hard. this weekend marks the heaviest fighting in the region. air and artillery attacks on fallujah and surrounding villages. witnesses tell cnn at least 30 people have been killed and 82 wounded. while that is going on in iraq officials are now concerned that isis is gaining ground in libya. cnn's correspondent ian lee with the latest now. >> reporter: john that's right. isis is feeling the full force of the iraqi military as they unleash air strikes and artillery outside of fallujah. it has been slow go for most of the part as isis had the roadside bombs and mines they laid down to slow down the iraqi forces. they have killed some people, but for the most part we are seeing engineers from the iraqi security

. >> the shareholder vote is set if july 1 for the deal with heinz that comes five months after heinzached macaroni cheese maker called kraft heinz trading on the nasdaq under khc. dish network is in talk to merge with t-mobile combining the second largest satellite t company with the 4th largest wireless carrier and "wall street journal" said they are under pressure in internet and seeing a wave of consolidation and at&t is in talks to buy direct tv. >>> it is almost 6:49 and now a check on the with the forecast and how the morning is going to be different from this afternoon. >> a lot of graduates watch closely. inside and outside the north bay, no worries, now in the south bay we will go to cupertino, first and we are going to homestead high school home of the mustangs, 76 at 2:00, and 75 at 5 o'clock, so mild, grab the sunscreen and sun grasses, your future is bright. in men low, we have the bears 72 drop to 69 so comfortable for you. we will stay in the south bay and go to campbell, the warriors 76 at 4:00, dropping to 70 is mild and a lot of sunshine and another in the south by

introducing heinz new better tasting yellow mustard. mmm! katie lee, chad smith, and of course the 8g band. stay tuned for "carson daly." we'll see you tomorrow. [ cheers and applause ] ♪ ♪ >> carson: well, what's happening everybody? i'm carson daly and tonight we're coming to you from amp radio here in los angeles with "lasll

>>hi, i am heinz >>new mustard.is?! jealous because you have better taste. whatever. >>hey. keep your chin up. for years, heinz ketchup has been with the wrong mustard. well, not anymore. introducing heinz new better tasting yellow mustard. mmm! ♪ [ cheers and applause ] >> seth: welcome back to "late night." we're here with jerry seinfeld. we saw each other a couple of times this year. we saw each other at the "snl" 40th. >> right. >> seth: you got a wonderful position at that show. you go to do the q&a with the audience. >> yeah, that was fun. >> seth: and all of the people in the audience of course were other people who had been ex-cast members or ex-hosts. and it's interesting because i love the q and a format so much. it used to be a thing we do in the monologue with hosts. and people would always say -- i feel like people would criticize. "oh, they don't have any monologue ideas if they are going with the q&a." but to me, it's the perfect joke structure --. >> yeah, it is. >> seth: and it must have been fun to do.

heinz doing at approximately size bond of 10 billion dollars.y away as we see volatility in the market, andwindup going up eventually certain companies will not be able to go to the debt market? >> spreads have widened around 70 basis points this month. the high-yield market about double that. a combination of treasury yields going up in very small spread widening. >> we were talking about before coming on here that so far investments are still clamoring for this. 50 billion. it is still allocated right now is significant. at the same time, there could be time in the future when you have corporate credit worthiness deteriorating. you are seeing an increase in default. it was the most for a month since 2009. there is some concern about credit holiday at this point that are creeping in. you could see that trickle into higher borrowing costs that are more substantial. pull we've seen investors investment junk rated bonds. if noncredit where the company cannot raise cash, do they go bankrupt? >> most of the defaults were in the energy sector. there

berkshire hathaway is increasing its stake in heinz to about 52.5%.his comes ahead of their merger with kraft foods. buffett was able to add a 5% stake as part of the deal two years ago when berkshire and 3g capital took heinz private. that addedchain super size to americans -- to the american vocabulary is downsizing. mcdonald's is planning to close more restaurants that opens this year. that hasn't happened since at least 1970. those are some of the top stories we're following at this hour. fight overw to the free trade -- the house has passed the president's free-trade bill. mark: peter cook is joining us now. just a week ago, democrats staged what i guess can politely be called a rebellion. they almost killed the proposal. what has changed in a week? peter: politely is probably right. what has changed is not necessarily the votes, but the employed by a house and senate republican leaders to get this bill passed. they had originally linked the to providetrade will assistance to american workers displaced by trade deals. now they have separated thos

stands that 3g over cost-cutting has come to town in a big way over heinz.taking over craft. -- kraft. the was consumer is moving away from the center of the aisle, and a lot of these companies are struggling. scarlet: this is an example of how m&a hurt rather than helped. paper this made sense. it was a company with solid brands, or run blocker and swiss miss saying -- orbital redenbacher. it'srprised some people, been a problem. the deal has not worked well for them. scarlet: craig, thanks for joining us. craig covers food companies for us at bloomberg news. more coming up in the next hour of "bloomberg market day." the latest on greece. we'll be back. ♪ scarlet: welcome back to the "bloomberg market day," i'm scarlet fu. >> welcome to the "bloomberg market day." the european central bank raising the cap on emergency funding, trying to prevent the run on greek banks. but will it be enough? scarlet: easy money if you are in the drone business. so much money the venture capitalists are being told no thanks when they try to invest in the latest unmanned flyin

we have someone who most recently advised of the kraft deal with heinz and also with us is craig g.m.er. let's start with you, frank. what is driving this consolidation in the packaged food industry? frank: some of these smaller deals are health food and healthier food startups that the bigger companies really need to compete because consumer tastes are changing and the consumers want newer, fresher, different tastes. the bigger deals are happening because the retailers have a lot of market power and the bigger the distribution platform you have, the easier it is to get go tospace and be able to a walmart and costco and whole foods, like you are showing. and be able to get a good deal and be able to be on the shelf where you need to be. olivia: do you agree that the bigger deals are about lack of growth and efficiencies, whereas the smaller deals are about picking up fresh players? aig: those are 2 big trends. moving away from the center of the aisle, and then there is the presence of 3g in the food industry, coming into buy kraft's buffet. nz came over they produced some of the big p

. >>> the clock is ticking on the heinz and krafts food merger and warren buffett is not missing a beat's why he's warren buffett. his company has invested another $462,000 in the ketchup maker. berkshire hathaway owns -- [ inaudible ] -- shareholders vote in july on whether they should sell their company to heinz. >>> mandatory restrictions being put in place for farmers in california. >> the nba champion warriors will celebrate their victory in oakland today. >> we're back in a moment. first erica with a look at the weather. >> you might want to bring the umbrella with you as you head out the door, just in case one of those showers or thunderstorms pops up. basically everyone south of the beltway yesterday. today you might not be so lucky. we'll have the isolated storms popping up and high temperatures between 85 and 90 and more soggy weather ahead for the first people of the coffee drinking world, dunkin' has a dark roast coffee that's deliciously roasted just right for a bold start and smooth finish that's never bitter. put down the dark roast you've been putting up with and reach f

heinz is under fire after it was discovered that older bottles of its ketchup feature promotional qrhat direct consumers to a porn website. [ laughter ] heinz apologized for the mixup and said they hoped everyone involved will still use a a condiment. [ laughter ] we have a great show, everybody. give it up for the roots! [ cheers and applause ] ♪ welcome back, buddy. good to see you again, pal. >> steve: feels good to be back. >> jimmy: it's monday, you guys. we're so happy to be back. we've got a big week of shows coming up. tomorrow night, channing tatum will be here. [ cheers and applause ] >> steve: yeah, wonderful! >> jimmy: have something fun planned with him. be sure to tune in for that. later this week, arnold schwarzenegger, mark wahlberg, benicio del toro will be here. [ cheers and applause ] benicio and i are gonna play a a game of "musical beers" with a couple of special guests. that'll be fun. but first we have a great show tonight. he's the writer, director and star of "ted 2." seth macfarlane is here tonight. pcpe very funny individual. very funny man. [ cheers and ap

. >>> the rolling stones take pittsburgh's heinz field this weekend. they'll be joined by special guests. they'll perform, the stones are required to sing backup during concerts. they'll have one rehearseal with the band saturday afternoon, the pressure is on before they make their rock 'n' roll debut at night. >> preparing for the pope and the world meeting of families what local hospitals are doing to get ready for possible public health threats. all those visitors may bring with them. >>> i'm tracking the return of rain, i'll tell you when it will move in and if it will affect your morning commute. >>> caught in the act, philadelphia police looking for a man scene on camera. he went for the electric toothbrushes happened at the rite aid on south ninth street. after that he drove off in a black nissan ultima. >>> be prepared so you don't get caught short hospitals in our area taking action now to head off any public health threat. >> reporter: at st. luke's hospital in bethlehem, the doctor holds regular meetings with his staff. they're going over pr

i want to be up there with heinz ketchup. >> this is a family business and we're committed to it full-timelly have our children take it on as their legacy. >> thanks, trish. coming up, from the corner office, one of the most successful business women in radi. how can i help my daughter with her reading? [beep] searching for help with dachshund breeding. no! let me try. sara's bright, but when she's reading, she has trouble sounding out words. >>> welcome back. in this week's corner office, legendary hip-hop radio host angie martinez tells us how she took her brand and her business to new heights simply by following her heart. take a look. >> what's up, new york? tri-state area, i said it, it's angie martinez. this is my day one, my first show. >> i can see the smile on your face through the phone. >> you can? i'm happy. i am. i'm really happy and excited. >> angie martinez, welcome to po 105.1. >> you built your career at hot 97. you were the voice of new york. walk me back to the decision and ho hot 97 and then go basically across the street to a competing radio station. >> you know, you

i'm curious to see heinz and kraft. i believe the 3g mogdsdel but i believe it's getting overhyped. >> they're going to take kraft overseas and that's part of the longer term growth story. they could come out with a new other owes. >> still to come, an exclusive interview with dick costolo and the company's co-founder and interim ceo jack dorsey becoming skrim interim ceo as of yesterday. and steve case who has a lot more than tech on his mind. stick around to see what we're talking about. s&p dow and nasdaq in the red. ahead of that despite better numbers. we'll have more straight ahead. g us your aching and sleep deprived. bring us those who want to feel well rested. aleve pm. the only one to combine a sleep aid... plus the 12 hour pain relieving strength of aleve. be a morning person again, with aleve pm. can it make a dentist appointment when my teeth are ready? ♪ ♪ can it track my crew's performance, and protect their heads? ♪ ♪ can it tell the flight attendant to please not wake me this time? ♪ ♪ at cognizant, we

they go all the way around the planet and you'll find ron heinz. he is a retired physically disabled texas licensed veterinarian with a ph.d. in biology. he spent his career working with exotic animals at a research facility here in maryland. he worked at sea world. he was in private practice. he's just an amazing veterinarian who, after he retired, because his disabilities made it impossible for him to continue to work, he still wanted to help animals. so one day, he and the missionaries in rural nigeria start writing e-mails to each other about what to do about the cat. how should we feed the cat? how can we make sure this cat stays healthy? what are the things we should looking out for? ron and the missionaries are exchanging e-mails. ron starts doing this with other people too, mostly for free, although occasionally he would charge people a flat fee of a couple of bucks, just to help him cover the cost of keeping his website going. he never made any money doing it. what has just transpired? a disabled 70-year-old man in texas writes an e-mail t

. >> you have to salute the heinze for what they did. if we had the opportunity to do that i don't think we would hesitate for a minute. >> instead of fighting the chinese for what he says they did, we're saluting the chinese. >> yeah. i can't even -- words escape me. i mean this is absurd what he just said. you don't salute china for criminally hacking us. the hypocrisy here david, is that the u.s. government goes after, you know new york presbyterian hospital for and fine it for not having good security or having medical records hacked when it itself there's no accountability. federal unions fight it all the time. the private sector faces criminal civil litigation and u.s. -- >> bruce, the -- this is kind of a cyber declaration war by the chinese. >> the fbi director said a month ago that there are two kinds of companies that -- those that have been hacked we the chinese and those that don't know they've been hacked by the chinese. it's a serious problem, and i don't think we're ignoring it. i just think maybe we're not showing our han

. >>> kraft shareholders will find out if they'll acquire hj heinz. >> friday, the markets are closed of july weekend. back to the future is now. at least according to one company. fans of the movie will be ecstatic. lexus debuted a commercial featuring a functional hover board. the levitating skateboard featured in back to the future part ii in 1989: their version is called sly. it uses liquid super conductors and mack magnets. they will test it in barcelona this summer t will make a special announcement on october 21st. that happens to be the day that marty went back to the future. would you mcfly it if you could? i have to admit. i am not easily impressed but it sounds pretty cool. i'm becky quick. thank you for joining me. next week is summertime the time to buy? we'll find out what you should be shopping for to get the best bargains in the summer months. each week keep it right here. more on the money. have a great one. see you next weekend. [ mid-tempo rock music plays ] >> more than a year has passed since colorado became the first state in the nation to legalize the sale of re

. >> reporter: ted heinz oversees atlantic city aquarium say make owe thrashers and blue sharks are common off jersey shore but they are in the looking. >> they grab a human thinks it is a fish and realize it is no the what they want to eat and then they let get. >> reporter: sharks are common as ocean warms up. best beat to avoid a bite is staying out of the water around and after sunset when thermos active. in ventnor, cleve bryan cbs-3 "eyewitness news". >>> one new jersey town has you get out its sorry we're closed sign after an event proved to be too popular this happened at the jersey beach town of bellmawr monmouth county. more than 200,000 people were there for the new jersey boat festival. when crowd got too big the mayor stepped in and said perfect storm of good things, led to an influence of visitors. >> we were at maximum capacity of cars we could have in town. so for public safety and folks who were here and all the people that wanted to come here we decided to close down avenues coming in for all vehicle traffic. >> new jersey sea food is good i get it. they were in effect fo

will we hide from heinz we've done right and wrong absolutely not. >> legal experts tell us that professional courtesyies are again the law and arrests should occur where an incident happens. and we shall mention that neither core so nor jersey city police would answer our questions. >> more to come on this though, right. >> absolutely. this is far from over. we've got more more digging to do. >> charlotte, thank you very much. >> you can watch the full dash cam video on our website. cbsphilly.com. >>> charlotte, thanks again. >>> significant legal victory today for the supporters of the affordable care act. in a six-three decision the supreme court ruled that subsidies can be extended to those who purchase insurance from the federal exchange. the exact language of the law limited financial aid to state based exchanges. but the court found that was not the intent of congress. had the court ruled against the law almost 7 million people would have lost their subsidies. >>> the clothing company lulu lemon is recalling more than thee hundred thousand women's tops due to injuries from draw strings

. >> reporter: pat heinz's organization is listed as a hate group by the southern poverty law center. >> south carolina is south carolina. we don't mind gradual change that's beneficial. we don't think that's beneficial and we don't think it should change. >> this is a moment in which we can say that that flag while an integral part of our past does not represent the future of our great state. >> reporter: the governor said she hopes the flag can come down perhaps as soon as the 4th of july. independence day. meanwhile, later this week the funerals for the worshippers who so tragically lost their lives at mother emanuel, are set to begin. the first this thursday. the first of nine. lester? >> ron allen, thank you. >>> the uproar over the events and their fallout in charleston has led president obama to talk about race in the most blunt language the american public has ever heard from him. in doing so he used a controversial word one steeped in a legacy of hate to make his point. nbc news white house correspondent kristen welker has that part of the story. >> reporter: the massacre in

so ron heinz one of the things he did is people would write him and say "i have been to two differenthey've given me two different diagnosis and can you look at the file, help me make a decision?" because i have to make a decision and ron is the kind of person who has a great deal of experience and can help out. with respect to people in rural areas, one of the things that ron got in trouble for is that there was an impoverished double amputee in maine who was living by himself and the only thing he had was his beloved dog and his dog was sick and his dog was dying and ron was talking this guy through certain things to help alleviate his dog's suffering and eventually ron found a veterinarian in maine who would treat the dog for free for this amputee and another veterinarian heard about that that ron heinz in texas has been providing some initial hope the this over the phone and reported ron heinz for doing that. and this is, like cure economic protectionism. no rational person would say that this impoverished double amputee who's not going to a veterinarian who's getting some free he

heinz to 52.5%.% was able to add stake in hinds for one cent a share under terms of a 2013 deal . putburger chain that supersize into the american lingo is slimming down. for the first time in more than 40 years, mcdonald's says the number of u.s. restaurants it has is shrinking. those are your top stories at this hour. it beganp, fit b trading today. its ipo was $20 per share. a strong debut. how will it sustain these gains? we will hear from james park shortly. one professor says all of us should use math to solve life's daily problems. the death of jimmy lee yesterday shocked wall street. one of the greatest dealmakers in history. a formidable golf partner as well. for many he was much more. this morning, matt miller and olivia andns spoke to jack walsh bill cohan. they started by asking bill what it was like to work with jimmy. bill cohan when he had a deal in his sights, there was no one else you wanted more on your side. he could get deals done by snapping his fingers. people on wall street tal

they were i able to add a 5.4 stake in heinz. -- macdonald says they plan to close more restaurants in u.s. then they opened this year and that is not happened since 1970. -- has not happen. peterrsonal assets of madoff are auctioned online by the federal government including jewelry, watches, furniture, and art. it ends july 7. he is serving a 10 year sentence infraud charges for his role a billion-dollar scheme. the feds previously sold his mansion for $3.5 million. the state department will base its yuan operations at the new york palace hotel. the hotel was purchased last year by a chinese company and allow tilt into run the hotel for the next 100 years -- and allow tilt into run the hotel for the next 100 years. that is a look at the top stories. coming up in the bloomberg market day, we bring you an exclusive conversation with john doerr and that seidenberg -- bethseidenberg --- seidenberg. what this means for the overall technology market. we bring you today's closing bell at the top of the hour and the banks that change their interest call right after this week's federal reserv

heinz the move comes ahead of its plan merger with kraft foods group.e was able to add a five 14% stake for one cent a share under terms of the 2013 deal when berkshire took the food company private. the burger king that put supersize into american slang is downsizing. mcdonald's is downsizing, saying the number of u.s. restaurants it has is actually shrinking. mcdonald's says it plans to close more restaurants in the u.s. that it opens this year and that has not happened since 1970. this is accorded -- according to an associated press review. mark: it's all about the bottom line. olivia: shocking that people are not buying big macs the way they used to. are you ready to get fewer robo calls? the fcc voted to close loopholes and strengthen rules on those always unwanted calls. biggest is one of the actions on the issue since the 2003 do not call registry. >> we've all been there for a robo call, survey or worse, trying to get our personal information like date of birth or social security number. unwanted calls and text are the number one consumer compla

a stakee able to make in heinz for just one cent a share. the burger chain that added supersize to the american vocabulary is slimming down. for the first time in more than four decades, nick don a is planning to close or restaurants in the united states that it opened this year. that has not happened since at least 1970. that is a look at the top stories this hour. olivia: also, we want you to know that we are waiting for president obama's comments on the shooting at that south carolina church last night. let's join peter. peter, what is the latest? we now know that the department of justice has opened an investigation into this shooting, obviously it is a hate crime. president obama will be giving a speech on this soon, he is on his way to california. he is about to step on marine one, but he is going to make a comment before that. on capitol hill, as we await the house is to speak, the voting as we speak to give the president fast-track trade authority on that trade agreement. cook, i was wondering if you could just expand on the role tha

investors could put stake in heinz for just one sense to share -- one cent a share.ger that added supersize to the american vocabulary is slimming down. a decade,st time in mcdonald's plans to close more restaurants in the united states that it plans to open this year. scarlet: it has been almost three months since ellen pao lost her suit against kleiner perkins. pimm: in the firm's first interview since the trial, emily chang spoke with john doerr in an exclusive interview. emily joins us now. emily, tell us about this conversation. hey, pimm and scarlet, very interesting to hear what they had to say, we have not heard from them in a really long time except for when they were on the stand. won inid that we won, we court, but they know that there was a different ruling in the court of public opinion. take a listen. so tell us about ellen, she was your chief of staff, you were her mentor. how did you feel when she was suing? john: i was sick. it was painful. ellen was a good chief of staff. but when i read the charges, i knew from that very moment that these had no me

craig: 3g has come to town and a big way, first with heinz, they prove the margins there, and .akingcraft the was consumers moving away from the center of the island a lot of these countries are struggling. you see activist getting involved. scarlet: this is the example of how m&a hurt rather than helped. craig: on paper when this happened, it made sense. if the company was solid brand, saying we're going to pick up ralcorp that sells to supermarkets. in practice, they haven't been able to integrate the two pieces of the business. some people, it's been a problem and hasn't worked well for them at all. scarlet: turning to deals another kind, booming oil towns are so two years ago. retirement communities in florida have taken their lead as the fastest growing economies in america. you can thank the baby boomers, they are settling down in cities like naples and cape coral, florida. it's now dominating the aging metro areas. other metro areas in robust growth mode -- austin, texas, raleigh, north carolina, san jose, california, and provo, utah. scarlet: the birth rate there is higher th

heinz apologized in says -- he was also offered a free custom designed bottle as an exchange.onathan: i hate when that happens. the story of thatbatkid is the screen los angeles. kimberly: he got to become batman for a day. make a wish made it happen in 2013 with the help of about 25,000 people turning san francisco into gotham city. it was turned into a film released by warner bros.. >> i'm still in shock. this was insane and it was beautiful and it is an outpouring of love that i could never orchestrated or imagined. kimberly: his cancer is now in remission. he spends his time playing baseball. the documentary "batkid begins" premieres june 26. jonathan: a photo of this t-ball team and edmond, oklahoma has gone viral. how adorable is this? the girls dressed up as elsa from "frozen." before there'd t-ball gear included black streaks under their eyes for the team photo. according to the girls, elsa is a good role model. >> she is strong and smart. >> girls have the power to do things and that is what we have to instill in our young ladies. they are putting on their sparkly dre

seems there is so much acquisition activity, you have 3g capital buying and warren buffett buying up heinzat about you? >> the world has changed to consumer products, the consumer is educated. 93 million millennials that understand products, understand ingredients and with the flick of their cell phone understand what's in a product today. liz: they like natural, don't they? >> they like natural, they like organic, the animal welfare, how a bird or food is treated. they are big on sustainability. they don't want to buy brands their parents use or bought. it's interesting what we're going with celestial seasoning, millennials drink more tea than coffee. if you look at organic baby food business why, that is growing the way it is. moms and dads will only introduce infants and toddlers to organic baby foods or formulas to foods. what's happening with snacks and chips in regards to gmo. liz: we have avian flu, you have plainville farms, have you empire chicken. >> free bird. liz: any problems with avian flu? >> we have been lucky and missed it all. with the heat, avian bird flu is behind us, b

it's going to be merging with the 3-g heinz guys. i'm waiting to do a piece on it in it would just drop to 80. how about we go to tim in california. tim. >> caller: hi, jim. i was curious about pinnacle foods. a few months ago there was talk of them acquiring hillshire and then there was talk of somebody acquiring or mergering with them. >> right. >> it was all about the same time as kraft foods. >> this is the hottest stock in the group and you know frankly i was going over this with my friend matt the other day and we can't figure it out. i do not know why pinnacle is this high given the fact that it doesn't have the kind of stuff that's all natural and organic. it's doing some stuff right. to me the stock is too high but i will tell you this it is extremely well managed and that's probably behind the incredible rise. all right. it's all about wellness. you heard it from brian cornell. target has its eye on it. i don't doubt it can catch up. much more mad ahead including my exclusive with denny's. can america's diner keep sizzling

it's making a killing now that it's being acquired by heinz. what about the other part of kraft?ng about the giant global snacks business with the unfortunate name of mondelez mdlz, we are mondelez if you please, we are mondelez if you don't please. you may not have been paying much attention to mondelez even as you most certainly have some of their products in your kitchen. think ritz crackers try dent, dentine gum. and who can forget the beloved oreo back from the days of yore when grease was still a movie starring john travolta and olivia. fig newtons. the thing is mondelez has hit some speed bumps in recent years. it's suffered from poor margins. the stock has become an outperformer. it's up 13% year to date. in a couple packaged goods sector that's been struggling. think hershey or coca-cola but down for the year. both of them. this stock is less than a dollar off its 52-week highs. is this rally for real? doesn't it have more room to run? let's take a closer look. unlike kraft foods, mondelez is very much cool. just 15% from latin america. 13% from asia pacific. the remaind

and the simple rule is the doctor has to exercise professional judgment and so for example in ron heinz's case, if the animal actually -- let's say he examines an animal. he is legally authorized to euthanize the animal, he can amputate a limb, perform surgery, provide powerful drugs based on his exercise of professional judgment. that's what being a texas licensed veterinarian means. and there are plenty of intook places in which we would talk to somebody via the internet and he would say "you know what? you're presenting questions and i can't actually give you good advice because it seems to me the nature of your problem isn't amenable to a telemedicine solution. so you have to go see a vet." so rather than think well we have to enumerate every conceivable permutation of the doctor/patient relationship in order to regulate it, what we should say is "when you have past the threshold requirement of actually bag doctor and we have invested in you the authority to exercise your professional judgment, then engaging in responsible telemedicine is just an extension of that authority." and that

heinz? >> i'm thinking i'm a married woman, mrs.'re not dead. >> lorraine joins me now in-studio. it's such a pleasure to see you. i saw you last night at the gala. it was a magical night. you are busy. you are everywhere. this "runaway island" might fit a part of your life where you want to escape. is that what appealed to you? >> what appealed to me about it was that it was a love story that i got to this island. it's a film about several different -- three different families that get to an island because each one is running away from something. and i'm running away because my grandson is just -- he's just gotten in some trouble with the police. so as a senator's widow i'm sequestering him until it blows over. and on this island i find -- i encounter a lost love, an old love from many years ago and it's rekindled. we don't often see women of my maturity in sort of passionate somewhat torrid love affairs. so i really wanted to do that. >> is that what drew you in to that character? it's somewhat as you pointed out, a character thei

officials say that chinese hear, working for their government may well be heinz the massive data breachderal employees. this morning, republican congressman peter king says president obama needs to make sure there are consequences for whomever is responsible. >> the president and his administration have the capacity to respond once they you know, find out through the malware signature who they believe this is i think, yeah, there has to be a price to pay for this. these countries or these terrorist groups should know that there will be consequences when they act this way. >> he did not elaborate on what those consequences should be. let's talk about it with cnn national correspondent, sun help serfaty. joins me at the white house. you have got some of these other u.s. agencies coming out and pointing directly at china. >> they are considering ways to punish whatever person or government they say is involved in the breach but not specifically yet pointed the finger at china. here is the white house press secretary in germany where the president is attending the g-7 summit. summit. it is

i am a lot of different ethnicities and i'm a heinz 57 and polish is not one of them and we called one of our producers polish cousins, cousin donna and asked us if she would leave us a voice mail telling us how to pronounce the name of this extensive restaurant in warsaw and here is how cousin donna said is how you say the name of this restaurant. [ speaking in a foreign language ] >> so one polish person who grew up in elizabeth, new jersey said it that way. she is probably right. it is also possible she could be pulling our leg. she might have just swore at you in polish which i don't know. and i think that is all very important to you. can we play it one more time. [ speaking in a foreign language ] >> in any way, at this restaurant, very fancy restaurant in warsaw somebody we still don't know who, placed a hidden microphone inside of the dining room and through that microphone they tape recorded conversations that took place between high level polish government officials while they were verying expensive meals at this very expensive restaurant. i mean bottles of wine at this resta

now, on monday president obama reportedly called congressman from connecticut jim heinz, urging him to support fast track. he was the only undecided member of the connecticut delegation. oh i wish i could have been a fly on the wall for that conversation, because you see, the president's making all kinds of promises right now. the president reportedly told the congressman that hey, he has 20 democratic votes lined up for fast track and you know what? you could be number 21. the president needs support from roughly 27 democrats to pass fast track. president obama has also been pushing hard on the congressional black caucus for their support. they carry a big stick in all of this. they represent a lot of urban america, where there are jobs. most of the congressional black caucus is reportedly against fast track, trade promotion authority. that of course, would be right in the president's hand to go do trade agreements. the chairman of the cbc chairman g.k. butterfield says he's strongly leaning against fast track. i don't know how many other votes he would bring along with him, but that'

and there was like the deal between heinz and kraft.be interested in the guineeness brand? they are about 20% of the diageo revenue. we have more details as they come in this morning. guy: the bloomberg terminal. you are watching bloomberg tv which allows us to convert the price into the london price, so what i am looking at at the moment is for the 86. so we closed at -- up at 17.60 and it looks like we will get a near 90% premium on the diageo stock this morning. nice for management. anna: for monday. now, our advisor, andrew sentence is still with us and we have another person who will be giving us the trending stories on bloomberg.com. what have you got for us? let's start with one of our top stories, greece. >> an interesting look about -- of what is going on with greece and really be bad news about greece. it is not going to get better anytime soon. in fact, it will probably be more than a year before this can resolve itself, so we will be reading more about greece. guy: people talk about greek fatigue. are we still going to be ta

heinz.to add a stake for a penny a share under a deal when berkshire hathaway and 3g capital took the company private. facebook's mark zuckerberg and his wife gave $5 million to a scholarship bond called the dream u.s. the money will benefit more than 400 san francisco area students over the next five years. president obama's trade agenda may get second life despite the opposition. the house will vote to give him fast-track trade authority. peter cook is standing by with one of the few democrats who actually supports it, delaware senator chris coons. peter: thanks. i'm joined by senator coons who met with the president yesterday along with other pro-trade democrats. what do you make of this new strategy? are you prepared to cast another tough vote? sen. coons: this is a difficult and unclear path forward. it is my understanding that the house is voting on tpa today. many of us who supported tpa among the democratic caucus believe we should be moving forward customs and taa and that the bette

you need to catch up on supply heinz coming to the market with $10 billion. $5 billion of that in the long end. last time we were close to the high yields of 3.21 annual high for 30-year bonds, at a that point 2s were at 2.72. the curve continues to power up. the last two months yes, there are setbacks and we dipped briefly below 2.30 but it's easier to get the moves up in yield than the moves down. >> this is me with a jaw-drop look on my face. you didn't mention the strength of the dollar. >> it's having quite a day. it's having its best day against the euro in a month. a lot of people say it's the u.s. better data better housing data and hope fed will raise interest rates. central banks moving the currency more than talks in greece. the fx market assume there will be a deal even if it's just a band-aid. >> you like europe better than the u.s. market right now, yes? why? >> we are calling for an earnings surprise. 25% etf, 2 1/2 times consensus. that will shine a light on structure undervaluation of greece relative to the u.s. we don't think it's well-earned at all. we get greece ou

also earlier this year i covered the kraft/heinz big deal with warren buffett.racket firms were involved on advising. has the tide turned? has your world of boutique investment bankers taken over? >> i think taken over isn't the right word. there's been an opportunity for boutiques. it's not coming at the expense of the banks. if you want to look at it. it was a tremendous consolidation that occurred earlier during the financial crisis. you saw a number of large m&a advisors bear stearns and lehman brothers and merrill lynch, that were acquired by large banks. when you put together two m&a firms, you jenny generally don't get one plus one equals two in market share. absence of those banks opened an opportunity for m&a boutiques. we are excited that we are one of the firms that's taken advantage of that. i would want to point out one significant difference for us. we think it's very important. in recent times while our m&a franchise has been doing well that's in a strong m&a environment. we also had recent events because we are a full service investment bank and

kraft and heinz getting together it's a 3g world in the consumer staples business.ds or divest brands at this point? >> it's not a 3g world, 3g is part of the world. we're always churning and improving our brands. we do it through our portfolio management. >> you got rid of jenny craig and power bar. >> for example. we have certain ways to judge our criteria. it has to fit for the nutrition and health and wellness complement. so it has to be strategic. it has to make business sense. it has to be categories where we can win. where we have research and development that can add value. and that's these criteria are changing. >> dynamic. >> jim cramer wants to know how you feel about buying white wave? >> i feel nothing. >> no but is that an interesting category to you? this sort of alternative milk space? >> we have many brands in that vein already, in our portfolio. it's not something that i would say no way. but we have built quite a bit of those arguments in our portfolio. >> i mentioned 3g that's a cost-cutting push driving pricing in the food industry. do you feel