money on kroger itself.ow, it's too late to buy kroger ahead of the quarter unless you do it after hows and i refuse to counterthat as buying but we got great insight last time and i tried to transfer that into this piece as to why kroger is doing so much better and i bet that story continues when we see the quarterly results. here's the bottom line, if you need any more evidence that execution matters, the supermarket business is incredibly tough by while their kpe tors have been hammered kroger has thrived, thanks to excellent management showing you can transcend a lousy industry if the people in charge can make the right calls. joey in florida. >> caller: boo-yah, jim. >> boo-yah, joey. >> caller: you think it could be a large percentage of companies like annies? >> i'd rather go with haynes. they slammed him the other day. i saw irwin simon on "fast money" and i thought he told god good stories. best of breed is haynes celestial. or mond in connecticut. >> caller: how are you. want to look at the fresh m

kroger kroger is the second largest player in groceries. they're also opening more new stores because they can afford to. safe way but they don't have the balance sheet to start expanding aggressively. hey, let's open some more bad stoor by practicing thursday, you lood kroger has the highest private label penetration in the group at about 27% of the merchandise. small step up in safeway, 25%, big step up in supervalues. more than that, kroger profr dueses more than 40% of its own private label products and so therefore they make a ton of money on kroger itself. >> now, it's too late to buy kroger ahead of the quarter unless you do it after hours. last time woo this i bet that story continues when we see their quarter result. just look at growinger versus safeway. wheel he's been able to hef sear. you can transstend even a lousy history if the people inside are making the right clothes. >> let's go to joey. >> caller: booia, jim. >> caller: the majority the -- make up the profits -- i'd rather -- -- i need to go to armon in connecticut, ple

michael kroger is here to tell us what he thinks he is principal of creature asset manager many also the popular blogger and we're so happy to have you in studio thanks for being here it's great to be here warren thanks for having me it's very sad how you so do you think there is a common theme among do seem very desperate obviously everyone has their own political reality whether it's egypt or spain but is there a common theme between what we're seeing again in egypt with people protesting and catalonia where the secession movement appears to be gaining steam i mean members of the secessionist party the separatists they gained i think they doubled their seats and in the assembly over the weekend in the region right that's correct so the way i look at it is actually that these aren't isn't so much that they're linked to one big thing it's that they're symptoms of an actual breakdown of the global monetary system basically run by the petrodollar and controlled by the federal reserve ben bernanke so what you see is a lot of underlying problems that have been festering for really decade

show though so we're going to talk with you about some more things after the break more at michael kroger in a moment also still ahead right here money velocity is at historic lows what it means and why it matters inboard of the day and in loose change turkey pays its bills to run in gold but first the closing market numbers. good news you see good leverage or two mccurry was able to build a new most sophisticated robot which fortunately doesn't give a darn about anything tunes mission to teach music creation why it should care about humans in the world this is why you should care what you're only on the. parents versus social workers docu nabby pm last stop the lands good many children have become prizes to fight for why does the law or threaten families of the social for reducing the female they have right of will hold many more they feel that they have any kind of for suspicion about the world war for your children are often a just better at bringing up kids than their own mom and dad. using what we haven't . just to. concentrate on. the for trade. mission. critical patients three. fou

. >>> well, kroger supermarkets with 2400 stores nationwide have started a hiring our heroes program. the company set a goal of hiring more than 100,000 military veterans by 2020. kroger already has over 10,000 vets working for them now. >>> not to worry, everyone, james bond is still a martini drinker. but heineken beer paid over $43 million for placement in the new "skyfall" movie. ads for the beer include scenes from the movie which may lead some purist bond fans shaken, not stirred. at least daniel craig is only holding, not drinking the beer, so don't worry. rumor has it he still has the martini in the movie. not to worry. >>> well, the ak 47 bank bandit strikes again, and a female first for the thunder birds. >>> plus, the twisted story behind this stolen airplane. details are next. >>> we've had some great weather in the midwest as of late, but one of your weekend days going to be a washout. i'll tell you which one. you're watching "early today." going to be a watchoshout. coming up. i'll tell you which one. you're watching "early today." you disgust me. prove it. enough is eno

. >>> well, kroger supermarkets with 2400 stars nationwide has started a hiring our heroes program. the company set a goal of hiring more than 100,000 military veterans by 2020. kroger already has 10 thousand vets working for them right now. >>> not to worry, everyone, james bond is a martini drinker but heineken beer paid over $20,000 for the placement of their beer. at least danielle craig is only holding, not drinking the beer. don't worry, rumor still has it that he has the martini in the movie. not to worry. >>> the a.k. 47 bank bandit strikes again and a female first for the thunder birds. >>> plus, the twisted story behind this stolen airplane. details are next. >>> we've had some great weather in the midwest as of late, but one of your weekend days is going to be a watchoshout. coming up. i'll tell you which one. you're watching "early today." >>> stories making news this morning early today in america. we begin with a murder suspect rampage at a utah airport. this is newly released video showing the commercial pilot driving a stolen plane out of control on airport grounds.

. >>> kroger supermarkets with 2400 stores nationwide as started a hiring our heros program.he company set a goal of hiring more than 100,000 military veterans by 2020. kroger already has over 10,000 vets working for them right now. >>> and not to worry, james bond is still a martini drinker, but heineken beer has paid over $40,000 for placement in the movie. at least daniel craig is only holding, not drinking, the beer. so you got that going for you. >>> the ak-47 bank bandit strikes again, and a female first for the thunder birds. >>> plus, the twisted story behind this stolen airplane. details are next. you're watching "first look" on msnbc. if you think running a restaurant is hard, try running four. fortunately we've got ink. it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. >>> here's a first look at some of the other news going on around america today. we're going to begi

i'd say with kroger. play haines celestial. >> pop for facebook, up 3%. >> well, piper javr ri reported facebook might go with a wanted button. they feel like this could generate about $10 billion in revenue by 2015. they upgraded the stock a little bit. this is somewhere where facebook is trying to go after google in the search technology and garner people's ways they're looking around the internet. this could be something facebook could be profitable for. >> all right. a pop for the concrete jungle. sometimes new york city can be a wild place. staten island residents were shocked to see a full-grown zebra chasing a pony down a busy street. the elusive e kwiens escaped from their enclosure and decided to take a lap down, appropriately named, victory boulevard. after earning their stripes, the zebra and pony were returned unharmed. >> is that a male zebra chasing -- >> are they different -- i mean -- >> zebras don't know. i'm just saying. >> i've seen that strange couples thing. just saying. >>> coming up

show though so we're going to talk with you about some more things after the break more of michael kroger in a moment also still ahead right here money velocity is at historic lows what it means and why it matters inboard of the day and loose change turkey pays its bills to run in gold but first your closing market numbers. parents versus social workers document being the last stop you and me the lands damn good many children have become prizes to find why does the long threaten families of the social for reducing the theme of they have right of the whole minimal me facing but they have any kind of for suspicion about the world will feel for your children are often just better at bringing up kids than their own mum and dad. using what we have an industry that is so. close and try to pull the lever for true too. before the break we were talking about the government's role in distorting the economy we're talking about farm subsidies we were talking about the fed i don't know if people realize how involved the government still is in housing let's listen to the mortgage professional barry hav

that is some good news there for kroger. as la-z-boy, their shares have been under some pressure. their results for the third quarter missed analysts expectations. they have been working on marketing campaigns. they do think that is delivering strong results. think reinstated quarterly dividend. that is good news since they haven't done so since 2008. they're underpressure after missing the numbers, down 12%. back to you. melissa: nicole, thanks so much. oil on track to snap a three session losing streak even though speaker boehner says there hasn't been a any real progress on fiscal cliff talks. phil flynn from price futures group, what is driving oil today? >> no doubt we're not tethered to the fiscal cliff. we're swinging on the rope back and forth. this risk on, risk off, fiscal cliff done, not done, has definitely tighten the market. there is more hine moves in oil today. we had some really good economic data but also here in the united states. that was very strong. we're look at tension in the middle east. we have the

>> you think we'll see it continue not just with kroger. >> it is going on for sometime.are flying to india tolet caribbean and various place us to get a procedure because it was done well and cheaper. and so it can happen here. we need a free market system with competition to prove that, that's all. >> it seems like that is one thing we do differently here than other countris and that is having more competition. tort reform not so much. but competition. >> i come from a count reap where the country is the government who are forcing all of the prices down. you need competition. fundmentally americans are paying too much and they are suffering. >> go out in new york and shop a knee replacement. you will find the bill all over the charts is no transparency in the hospital. you force them to be transparent. >> still doctors out there to beef up want bill to cover other costs including malpractice insurance. which is why we need tort reform. >> and you are telling me aspirin doesn't cost ever upon you? buy a home in america you can get automatic citizenship. we debate and you

place through diplomatic means and israel then would be a willing partner to such a solution, but if kroger military action through the necessary to stop the constant barrage of rockets, israel will not hesitate to do what is necessary to defend our people. >> there are signs that diplomatic efforts may be bearing fruit and mediators iran optimistic that a deal can be made to avert an israeli ground offensive. >> -- mediator's remained optimistic. >> what is the reaction to reports of a ceasefire? >> people don't really believe it yet. people here are very cautious at the moment because the information is still unclear. we have announced they expect the ceasefire to be reached within a few hours, but israel would not confirm. conditions have not been met. in gaza, people are not taking a chance. they are staying at home. everyone is really bracing to see if the ceasefire will be happening. >> has the violence evaded all? what is going on in gaza right now? >> at least eight rockets have shaken the air and there is action by the israeli action right now. besides talks of the ceasefire, the n

in kroger we have over 700 products.walk into a supermarket you will find natural food sections. it is the consumer who wants gluten free products and natural organic products. we had one of our best thanksgivings where we sold over 1.2 million turkeys. and if you come back and look at what happened to a great brand in hostess which didn't fit today's consumer health trends. manufacturing was outdated. look what happened to the brand. that is what happened to a lot of companies. if you look at earth's best 40% of sales are coming from pouches. i said this before on your show. i think canned goods are going to go away where the consumer will look to have fresh soups. >> so now can you expand for us a little bit more since we are learning about how much people are monetizing mobile and everything else, people are shopping on their ipads? how big of a market is that for you? we are not talking about a trend here. you and i discussed this before. this is a way of life for people. it doesn't end. >> if you look at amazon two

officials and executives at the kroger company grabbed shovels. the 80,000 square foot foods coast store will afrpgor the shopping center at 106th avenue. they say this area has been known as a food desert for years with many going for miles to get to a full-service grocery store. >> we are most tkpaoeuted about the fact that we are going to create 450 to 500 jobs in a community that has unemployment rates that approach 25%. it is really what it is is all about. >> developers say they lined up other retailers including ross and anna linens. it is set to open next summer. >> staginga a protest today in oakland. -- staging a protest today in oakland [everyone talking at once ] >> the rally at the airport was held in part after questions were raised after the misuse of public money in a ktvu investigation. they are demanding a new labor contract. giving back 15% of their salaries and pay more for health care. >> union workers say port officials lost credibility and the authority to make those demands, they say $1.3 million in debt and their employees

. >> we are very happy that kroger's has stepped up with this particular store and there will be a lot of other retails here, including lenins and things and other kinds of retail that oakland is often underserved. >> this area is beginning to change and certainly this retail center being coming back to life is certainly going to help drive further change. >> and back out here live again you can see construction crews frantically hoping to get this development done in time for next year. again reid says that this -- that he hopes that this generates more change. a lot of the businesses again are going to be built here by 2013. brian flores, ktvu channel 2 news. >> thank you, brian. >>> wal-mart workers mean while are staining a protest in the east bay. coming up in nine minutes why they say managers do not treat them with respect. >>> the death toll from super storm sandy has risen to more than 100 in the united states and canada. utilities say nearly 4 million customers are still without electricity but that is down from 8.5 million at the peak. many people are still waiting for relie

and we'll hear from kroger, barnes & noble, tiffany. u.s. futures are pointed higher.ow by about 67 points over the 13,000 level. s&p 500 over 1400 as it looks at about 7 points at the open. u.s. retailers will report november same store sales giving investors a glimpse at the state of holiday spending. tiffany reports ahead of the opening bell. but hurricane sandy could put a damper on christmas at tiffany's and other retailers. that at least is the view of stacey widlitz. welcome. let's talk about difference tif. >> it's rounding out retail earnings season here. and we've heard from a slew of luxury retailers that things are decelerating in asia, decelerating in the states. so certainly expectations for tiffany are low. they've basically told us don't look for any growth in the quarter that they're about to report. >> that's extraordinary. >> yes. and they basically also told us put everything in the fourth quarter that's when we'll see growth again. very tough comparisons in this quarter. the comparisons get lighter in the fourth quarter, so we'll see. but the busin

i have at a kroger-owned ralph's where someone bought a box of hostess cup cakes for his girlfriend.s been store hopping. another guy got the last box of ding dongs in the store. sellers on ebay testing what price the market will bear. $10,000 for a box of twinkies? >> there's a box of twinkies in that grocery store. not just any box of twinkies, the last box of twinkies that anyone will enjoy in the whole universe. believe it or not, twinkies have an expiration date. >> all right. that's a very funny movie, but this is not funny for the 18,000 people who have lost their jobs. the ceo tells us everyone is to blame at hostess. >> you add on work rules that say that, you know, one person has to drive the cake, one person has to drive the bread, and, you know, you can't do it all in one truck. i mean, there's blame for everyone. >> of course, one man's disaster is another man's opportunity. steven sing is defending the hoste hostess. quote, they hold an 8 to 9% market share in bread. the iconic twinkies, hostess, and wonder bread brands would fit in break with flowers' brand portfolio.

today's leaders include kroger after stronger than expected third quarter profits. goodyear tire rising as well. amd putting its austin campus up for sale. big volume in that name. today's laggards include many of those retail names. kohl's, macy's, and gap. we saw tiffany lower after disappointing earnings. >> all right, jack. thank you so much. >>> fiscal cliff negotiations spinning the markets up and down like a yo-yo. i'll get reaction next from real estate guru barry sternlicht. also, we'll discuss how he's putting his investment firm to work. wait until you hear what he has his sights set on. >>> and stick around for my exclusive interview with the chevron ceo. we'll talk about whether dividends are in the pipeline or a big acquisition on the horizon. >>> and is it time to kill the $1 billion? the case is being made today on why $1 coins make more sense. do they really? stick around for that heated debate comes up. you're watching "closing bell" on cnbc. we're back in a minute. at u.s. trust, our expertise extends well beyond investment advice and research ana

kroger, they are a supermarket but they are beating the numbers. how did they do it? huge percentage of private labels. con agra. >> when you go to hong kong, let's say, and you buy jewelry, i'm told, they charge you by weight of gold and then they charge you labor. so you know exactly what you're paying for and they pass the costs on. they look at the spot market and they say you've got two ounces of gold, the spot market that day is x number and then here's your labor costs. >> we need to hear from adrian shapiro, who's now cfo of david yourman. >> good morning, everybody, so look, we're up again, this is face call cliff happy talk, politico had the big story this morning, talking about the contours of a deal, 1.2 trillion increase in taxes, entitlement cuts at 2.4 billion. they're getting more specific on the numbers, that's what the market wants to see. we'll see on that. what happened to retail? a lot of people are passing around notes trying to figure out, how did we get this so wrong? >> gauging the effects of hurricane sandy was really, really difficult. a lot

they are larger than kroger, sears, home depot, combined. many people live with and the cabinets of a wal-mart they serve to order a million people per week. they make millions and 200 million people are served per week. $4,000 per year and all for new service they will send you 5-7 food samples. that is the key word. it is basically like a small reasandtesting of samples. and it is a tedious concept. >> to you still like wal- mart as a stock?, it is long term. but i do not think that is when the good of performer. >> wahl thank you, rob black. -think you. pier with a free fall is starting to get close. we could see showers but the bulk of the rainfall could be early tomorrow. in fact steady saturday, and we will see more rainfall saturday afternoon it could be drier. as we take a look at what we are expecting right now the satellite and radar showing the increase cloud coverage that we've been experiencing. showers approaching the coast. those are going to move into the bay area. for this evening however it might not hit the ground. let us

home depot, kroger and costco-- wal-mart is bigger than all most americans live within 15 minutes oftoday this is the 26 largest in the country. this is the umpire that nobody talks about a lot. >> they will send you five to eight samples offals and if you like that you could go law and order them. this is the way for them to decide what food people like. they figure that people might like these little candies from india so will put them in our stores. wal-mart is a genius company and they are wildly probable. >> warm buffett was by and selling and this may be something for us to watch. he bought more deer and-- viacom and nickelodeon, mtv- as if i was the go back i would probably be a stock got. i would copy warren buffett. he is the best investment person of all time. you want to be like worn and investing. his cash flow is good. he is doing very well. >> yesterit is 9:19 a.m.. >> will will start of by looking at the ride outside. we're waking up to a mixture of sunshine and cloud cover. we're expecting some cooler air to be ushered in. as for tomorrow there will be on and off show

. >> kroger emperor says you're not fired which means you must put out after book of mormon. and workman-like. [ laughter ] >> stephanie: we were leaving the theatre and i didn't want to lose him so i had my hands on his back and i said wow there's just muscles overlaid lower muscles. enveloped in a whole nother set of muscles. >> i didn't even bring cottage cheese this morning. >> stephanie: thank god i brought leftovers. book of mormon. >> consistently funny beginning to end. >> stephanie: i was trying to picture how the look on ann romney's face if it would be worse than the clint eastwood thing or the chris christie speech at the rnc. i was wondering if it would be a dirtier look. >> ann: stop it. >> you know what? it wasn't that mean mormon. >> stephanie: mean to all religions. >> exactly. it poked fun at mormons being square. >> stephanie: my favorite line jim jesus just called me a [ bleep ] spooky mormon, that was my favorite number. it was very, very funny. thank you pantages theatre. hoax sexy liberal. they gave us some very great tickets. fourth row orchestra. hoor