kroeger, super value, they're down double digits kroeger lost 30% this week sprouts and costco down 6% even the european grocers like those big in the uk and europe are down as well let's bring in our own sara eisen and the rest of the supermarket stocks for oppenheimer. he just raised his target toed 45dz from $40 saying that another bid cannot be ruled out. welcome. hey, do you really believe that another bidder could step in for whole foods and, if so, who? >> as i look at the whole foods value, very powerful brand i think they have a unique urban market footprint and they're catered to the hottest trends out there, natural, organic and fresh. if you're another retailer whether it's krueger or anyone who competes in the food space this is a name you want to look at to prevent the threat of amazon becoming more dominant. >> would this have happened without an activist? is this something that organically would have made sense to you >> i think without an activist, no, i don't think this would have happened. i think over the next few quarters as the plan took hold, shares would have ma

meanwhile other grocery companies like kroeger and >> buying wholefoods which is the true pioneer inrganic food puts them in position now to be able to own the grocery sector which is a multi billion dollar sector. >> wholefoods will still maintain its name the deal is expected to close later think year. >>> and sean brace here to let us know what's on his mind tonight. >> it's show time. the mega fight between floyd mayweather and connor mcgregor is happening and for all the people that are already trashi g the fight, you're looking at it the wrong way. my commentary we'll straighten you out coming up next. ♪ >> now with tomorrow' traffic here's bob kelly. >>> good evening, everybody. friday night and we're rolling on the river. the schuylkill navy regatta taking over the city. it's another annual tradition, of course, the kelly drive will be closed all day tomorrow to vehicle traffic and all that extra volume will be pushed on to the schuylkill expressway. you like music. well we got lots of it fire fly music festival taking over dover speedway through sunday. groups non-stop all d

i'm looking for trends to improve within kroeger before i would become a buyer of kroeger. >> what wouldtake to be a seller? >> that would be a definitive sell at that point. we just think there's a price war happening in that sector. the valuation is clep. cheap. >> trader hat. i will put that it on. i wear many hats. >> it's true. >> don't look so disgusted. it's friday. have some fun. >> why do you buy the stock? through 28.50 dollars, that was the same low we made back in the middle of 2015. you have a chance of a double bottom and i get valuation, margins going the wrong way but risk reward makes me a buyer. >> round two next hour. >> the power pitch is also back and today a new app that uses the simple idea of if this then that to invest. the app makers will get their feedback ahead. first the bond market. >> rates are up a little bit. the volatility kicking up. look at the two-day chart. we're digesting what was yesterday's zone. if you open up month to date so fascinating, a new low yield on the year and the market is fighting. remember, we have a fed meeting next week. the fed e

it's an aggressive plan that would make it the third biggest supermarket chain behind walmart and kroeger by the year 2022. the investment comes at a time of intense competition in that industry. walmart, which is the largest u.s. grocer, is testing lower prices in 11 states and is expected to spend about $6 billion to regain its title as the low-price leader. >>> uber is chief executive will likely take a leave of absence. no final decision has been made, following a board meeting the board met over the weekend to consider recommendations from an investigation into sexual harassment and related issues. a close ally of the ceo has left the ride-hailing company making him the latest high-level executive to depart. uber is valued at roughly $70 billion. >>> while uber continues to wrestle with high profile legal and public relations problems, its rival lyft is quietly making some strategic moves. the latest has jaguar land rover taking a stake in lyft and phil lebeau has those details. >> uber may rule the road when it comes to ride sharing. but its rival lyft is putting together an impress

meanwhile other grocery companies it like kroeger and target saw your stocks drop several points todayain its name. the deal is expected to close later on this year. >>> a major announcement today from president trump. he's canceling president obama's deal rolling back on obama's policies toward cube b the president had harsh words for president castro's regime. >> question what exactly does it mean for americans? fox's steve harrigan explains. >> reporter: any discussion of cuba in south florida brings out emotions. president trump's plan to roll back obama administration cuba initiative highlighted a generational divide. older cuban-americans who fought fidel castro or fled cuba overwhelmingly vote the for president trump and a hard line against the dictatorship in many cases cost them their families or their homes. >> i think from pointer of view of solidarity i think it's positive step up to now but we still need to see what happens from now on. >> reporter: the vocal support of these hard liners including some veterans of the failed 1961 bay of pigs invasion helped trump within th

. >> the other major grocers like kroeger are really getting hit today.t is also getting hit today. >> reporter: marci gonzalez abc news, los angeles. >> in washington, president trump today announced a major roll back of president obama's policy on cuba. the change includes restoring some travel and economic restrictions that were lifted by obama's historic deal. trump who is in miami today says that deal was "misguided" and announced penalties on cuba would remain in place until its government respects freedom of expression and releases political prisoners. he demanded cuba return joanne chesimard who was convicted in the 1977 murder of a new jersey state trooper. she's been living in cuba since 1979 after being granted asylum. >> so to the castro regime i repeat, the harboring of criminals and fugitives will end. you have no choice. it will end. >> embassies in havana and washington will remain opened and u.s. airlines and cruise ships will still be allowed to serve the island of cuba. >> a new jersey school district will reissue its yearbook after pho

and their afraid what sam zon could use that real estate for so we know that kroegers have had a reallye the largest grocer. it's possible they could consider it, but then again swram zon could come back in and give a higher offer. so i think cash is something to consider here. >> as we could imagine, there's no love loss between amazon and wal-mart here. and i think maybe they just want to avoid a direct combats relationship between these two here, right? >> that's true and i definitely think there's room for both amazon whole food and wal-mart to both succeed with customer sets you can be number one in one type of grocery and number one in another type of grocery i'm not surprised by this headline, but maybe some are because you did see a reaction in the stock price >> it does seem like it's a little bit of a bridge too far for wal-mart strategically to go after that quote if it comes to financial power, it's probably going to be hard to overtake -- amazon, by the way, is going to borrowing for this deal. it's not like they have the cash flying around. it lost a little bit on that wal

and kroeger results thursday first time in, like, 13 years they had the same store sales dropped.ance for the year, and that's another player. they have done well as of late, but this is competition. >> well funtil a year ago, food deflation that's persistent, and there's not a smart way to navigate it honestly >> like you said, great for the consumer >> wryep. >> cheaper and more options than ever >> no doubt about it dollars per calorie creating an all-time low >> good one. >> yeah. >> need a chart of that. >> i've been looking for years to find a chart of that. let you know what i get it, but less than 35 minutes left before the bell you see we're sitting on modest losses across the board. dow down three tenths of 1%, nasdaq downside leader, giving back outperformance from the year down eight tenths of a performance, and russell outperming a little bit. up next, latest developments in uber >>> later, pit bull known for the music, but making a name for himself in the business world too. ahead, the entertainment mulog is live after the market close stay with us folio. since i add

then they benefit from kroeger's mishap, the stock being done but the multiples look pretty good listeningknow amazon does brought in a lot of consultants brought in an enormous team to do due diligence and were focused on technology, on the different skus that whole foods has, and what is going to work, what is not going to work and the expectation for shutting down stores is certainly something that was mentioned to me as well as well as expanding internationally. that being for whole foods through amazon's ownership so a lot of different roads to go down here but guys, amazon has been only there for a month or so it would appear in terms of real negotiations getting this deal done as they did. the expectation being that while kroger might have interest given the stock price and debt constraints very hard to get there. private equity not able to get there in terms of where the price is as well it should be noted a $400 million reverse breakup fee. >> yeah, david, kroger stock price right now, this week, is down 31% including today's 13% slide. i'm wondering if you're hearing anything abo