hugh johnston. that's just after 9 a.m. squak on the street always good to get the shot.he snacking business has been strong. interesting time to talk to pepsi in what has been a wave of consolidation for food and beverage companies. >> yes, indeed. some stocks to watch today, all u.s. jury ordering due pant to pay $5 million to a man who claims to have cancer after exposure. >> western digital is raising a fourth quarter profit. the maker of computer disk dr e drivdriv drives recently completed acquisition. chief strategy officer up 5% this morning. >>> samsung is set for it's best quarter in two years. expect second quarter profit rose thanks to sales of gal si s 7 phone. up from 10 medicillion. >> american airlines wants to help you get to your gate even faster so it's teaming on the tsa this fall to test automatic security screening. among the improvements here, automatic conveyer belts. waying to isolate risky bays without disrupting the line. the most important feature may be the introduction of ct scans for carry on bags which should allow you to keep your laptop a

we're going to talk to the company's cfo hugh johnston in a few moments. >> expecting fireworks today on capitol hill. fbi director james comey set to testify about the hillary clinton e-mail scandal. we will bring it live in whitewave rising in the premarket. the organic foods makers agreeing to be acquired by danone for $10 billion in cash. the deal values whitewave known for brands like silk and horizon organic at 6:25 a share. danone says the merger will double the size of the u.s. business and we will talk to the ceos of both companies tomorrow here on "squawk on the street." north america now will be about 22% of their portfolio from 12 about now. a big bet on america. >> an important deal for danone. of course as you say, getting larger in the u.s. whitewave has been no stranger to those who believed it would be part of food consolidation and as sara eisen told us a number of years ago. >> wow. >> as one of the big growing food companies and you don't see a lot of growth in food these days, and so the multiple here, fairly high, some would say at as much as 21 times forward ebi

. >> pepsi and hugh johnston did say if they wanted a big company like that, then they would have had it. so he's looking at the innovation side of things trying to grow organically, but many other are looking to buy growth, so what's next, we know mondelez recently bid for hershey and if mondelez comes back with a better offer and hershey accepts, but a big if. arrowhead mills, celestial seasonings and another other number of fast growing healthy brands. many analysts say this is one of the only pure plays left and suntrust robinson cited snack brands and the truth is companies are harder to come by because there's been so much consolidation in the food business in the last year or two. >> what's happening with the pricing for these deals? are they so scarce now that they are pretty rich or how do things look? >> that's why you've got a higher price at white wave today. if you look back at some of the deals, starting two years ago. remember annie's organic cheddar bunnies, general mills scooped that one up. that was a pretty hefty price, 38 times cash flow. just in the last two years