james quincey, thank you. the chairman and ceo of coca-cola.coke shares outperforming today. >> again, keeping. >> our eye on. >> jay powell before. >> the senate banking. >> committee today. >> he will take q&a. we will take you there live. he's presenting his his monetary report, his testimony. >> that we brought. >> you at the top of the hour, again. >> emphasizing that. >> the fed is. >> in no hurry. >> to be cutting rates. and they are pretty much on hold giving a vote. >> of confidence in the. >> u.s. economy. the question is, will he get hammered on. >> tariffs, and will he say anything about. >> what they might. >> mean for. fed policy? >> that's a big. >> question mark. still. >> i. >> don't expect him. >> to break. >> any new ground. he's been pretty careful about it. >> but let's. see what. >> happens with q&a. >> meantime, the battle between elon musk and sam altman heating up, openai ceo rejecting that unsolicited offer from musk to buy his company. our kate rooney joins us this morning with the very latest on. i guess we are calli

. >> that was coca-cola ceo james quincey earlier.e top and bottom line in their latest earnings report, and the shares are up 7% year to date, outpacing rivals. my next guest reiterated his buy rating. but will rising food and beverage costs elsewhere at some point start to pinch? joining me now is bank of america senior analyst brian spillane. brian, it's great to see you again. welcome. >> hey thanks, kelly. good to see you. >> what are they doing right. that you know pepsi's lower. we talked about monster. some of those struggles kdp. why is coke. what have they figured out? >> you know. >> it's i think. >> the two. >> most important. >> things are. >> and james. >> i think in the clip you just you just shared. >> touched on it a. >> little bit. affordability. so small pack sizes, the. >> ability to kind. >> of dial a package type or package occasion that that really meets what's in the consumer's wallet. >> i think. >> the second thing is. >> you. >> know, coke has remained. >> committed to growing its core sparkling business. >>

don't miss an interview with. >> coke ceo. >> james quincey that's coming up. >> later. >> this morningd president trump signing an executive order that directs the department of justice to pause enforcement of a nearly half century old law aimed at stopping american companies from bribing foreign officials. >> trump. >> sharing his view that the foreign corrupt. practices act unnecessarily scares business leaders out of doing deals. >> openai ceo sam altman rejected an unsolicited $97 billion bid for its nonprofit arm by elon musk and a group of investors earlier this morning. altman spoke to cnbc at the artificial intelligence action summit. >> i think. >> it's to slow down a. >> competitor and try to catch up with. >> his thing, but i. >> don't really know. >> yeah, but you. >> know, well, right. i to the degree. >> anybody. >> does kate. >> rooney joins us now with more and what it means for the ai platform. it's probably a pretty good price i guess long term. >> yeah. >> yeah. joe. >> well. >> you heard from sam altman there. >> this really. >> is an. >> unwelcome bid. >> on openai