via vehicles resembling a very small vendor perhaps even a very large toaster in the near future kroger chief digital officer hailed the partnership pledging that the grocer and their new partner from silicon valley will provide quote access to fast and convenient delivery at a fair price near only service business reporting in the last january that means that they've only been around for a couple of years and they had raised ninety two million dollars in capital now the company in their technology will have a high profile rollout with it will surely be watch for any startup glitches and setbacks notably neuro chose to develop a driverless vehicle of their own design rather than trying to make a normal full sized passenger vehicle based upon somebody else's car the design choice significantly lower cost and risk of operating the vehicles and may give kroger a leg up in the race to capture this new market. britain's financial reporting council or f.r.c. has started a new investigation into what a u.k. story big four accounting firms this time it's the lawyer in the target we've talked ab

best days ago for kroger in nine years. >>>arn restaurants said an increase in customer visits helped sales rise at a faster than expected clip. the owner of olive garden and lo longhorn said it sees same-store sales rising as much as 2%.>> a much different story today as barnes and noble. shares were off almost 4% to $6.20. >> conagra is reportedly inrested in mergi with fin acal foods. a potential deal would create the sect larger u.s. frozen food company. shares of pinnacle rose 2%. shares were off a fraction to 238.28 shares of stamp.com, after it want to do restructure the postal system to create a sustainable business model. it also said tell turn the business into a privately head -- shares fell 10%, 251.85. ng> after the bell red did the top ear and expectations, but it was a company's guidance. and so as you might experiments shahverybody theynded the regular day down 2% to 165.73. >>> coming up, defeating diabetes, a new program that can improve health and curb costs. >>> spending on medicine to help control diabe

. >> i had an ilexample,am lee, i looked at kroger. they recently announced that their profit margins were going to be squeezed because they were making more investments in the ecommerce business and immediately eluding to what rahan said, that stock dropped by 11%. you have to think hat plays with the ceo's mind. that might make a difference if they know the stock is going to suffer in the short term. >> absolutely. they make short-term

you mean growth at kroger any acquisitions, start?hat's right good morning i think the key question when you are modernizing so rapidly to retain market share, one of the challenges is this balance between what you do organically and inorganically. i wonder if you can share a couple thoughts on that. >> so we had a great quarter on the top and bottom line as joe said our supermarket sales grew 1.4%. when you put etching we sell to a customer, including our online business, we grew 1.9% >> that would all be organic growth that's in the face you were talking about the tax reform a minute ago we talked in march about a third of the savings from the tax reform we were giving back to our customers in the form of a higher service in some departments that we were a little under staffed in like produce and some of the deli counters another third of it were investing back in our associates a third is going to the bottom line so we're very happy with the balance of what we've used for tax reform as well as our customer's reactions to the change

cheryl: let's talk about kroger, driverless cars.esting grocery delivery to customers using driverless mini vans, there they are in your screen. silver van will begin to deliveries this fall as kroger tries to keep up with am done to offer same-day deliveries to customers, this is one of many investments kroger has made into delivery efforts. gerri: amazing, cutting - edge technology that company. cheryl: thank you, tracee. gerri: programming reminder, maria bartiromo will have a series of big interviews this morning in nation's capital, steven mnuchin at 8:00 a.m. eastern time and white house economic adviser larry kudlow. cheryl: maria will will down with mick mulvaney as well as economic adviser kevin and ivanka trump will join maria bartiromo also, just some of the high-profile guests on the show today. don't miss interview all starting 6:00 a.m. eastern time right here on fox business. all right coming up president trump is weighing replacementsover chief of staff john kelly. we have that story as we head into last day of tradin

poster in the near future kroger chief digital officer hailed the partnership pledging that the grocer and their new partner from silicon valley will provide quote access to fast and convenient delivery at a fair price near only service business reporting in last january that means that they've only been around for a couple of years and they had raised ninety two million dollars in capital now the company in their technology will have a high profile rollout will surely be watch for any startup glitches and setbacks notably neuro chose to develop a driverless vehicle of their own design rather than trying to make a normal full size passenger vehicle based upon somebody else's car the design choice significantly lower cost and risk of operating the vehicles and may give kroger a leg up in the race to capture this new market. britain's financial reporting council or f.r.c. has started a new investigation into what a u.k. story big four accounting firms this time it's the lawyer in the target we've talked about case p.m.g. before the f.r.c. investigators are interested into loyce work for

via vehicles resembling a very small vendor perhaps even a very large toaster in the near future kroger chief digital officer hailed the partnership pledging that the grocer and their new partner from silicon valley will provide quote access to fast and convenient delivery at a fair price nurul only service business reporting in last january that means that they've only been around for a couple of years and they have raised ninety two million dollars in capital now the company in their technology will have a high profile roll out with will surely be watch for any startup glitches and setbacks notably neuropathy. it was to develop a driverless vehicle of their own design rather than trying to make a normal full size passenger vehicle based upon somebody else's car the design choice significantly lowered cost and risk of operating the vehicles and may give kroger a leg up in the race to capture this new market. britain's financial reporting council or f r c has started a new investigation into one of the u.k.'s storied big four accounting firms the this time it's the lawyers in the target

we sell to williams sonoma, kroger, a lot of specialty stores, as well, across the u.s.onis: wow! of the $500,000 you did last year, walk me through where the revenue came from most to least. erica: pancakes -- about 75%. lemonis: and how many of them make up the bulk of the revenue? about six flavors. lemonis: okay. erica: then our fried chicken mix. lemonis: how much was that in revenue? erica: 20%. lemonis: okay. so, you understand so far we're at 95%? erica: yeah. lemonis: okay. pancakes and fried chicken make up 95% of her revenue, and i think the way she developed the other products and the way she connected them together is probably why they didn't take off. why did you choose to package them differently if you were creating a brand? erica: because i wanted to be able to distinguish the grits from the pancakes and the bacon rub. lemonis: and you did a good job with that. erica: thank you. lemonis: they're all different. erica: thank you. lemonis: which is probably why the other ones don't do well. can i taste the product? erica: yeah, i can make it. lemonis: i'm g

that sent kroger tumbling. while it was able to rebound, its stocks have given up that gain and it is back in purgatory. kroger is engaged if a slew of initiatives. amazon hasn't built out whole foods like expected. i think just be patient. i don't expect a great quarter from kroger. and after the close we hear from red hat. it is reported great quarter after great quarter. i think it will do it again, but the stock tends to dpget hammerd saudi arabia is meeting with russia to figure out how high it should go. if they make it too low, both countries make a lot less money and it hurts the profitability of saudi aramco. this is the first opec meeting where president trump is mad about oil prices that is the only thing that he would drive oil to the low 60s remember it was in the 70s before talk of boosting production and we got those nasty tariffs from china and tonight, remember with the rate hikes and the tariffs, the games got harder this week which means we need to be a bit less eager to pounce when stocks go

. >>> welcome back, dow down 227 points, watching that at the bell kroger pops today, one of the twos to watch. they are on the best day since march 2009 after posting an earnings and revenue beat this morning saying it's reached the program that's paying off and frankly calling it a kitchen sink type of thing, doing everything they can to improve the supply chain, expand meal kit offerings, get data going, and they are actually pairing back products on shelves, weighing on sales, too, but market was happy so far with the results of the program absolutely right, up 9%. >> i pick wpp stock to watch the former ceo was speaking at an event in canada, a writeup in the "financial times," critical of the exit, of course, but his venture now, s4 capital, and in that, it's more agile, more responsive than wpp. not to be a critic, condemnation of wpp - >> but - >> but in terms of the business models changing, in our industry, we are stuck in the past this is a very small company relative to wpp, but sure he'll have the ability t pick the best and might not destroy wpp's business, but certainl

. >>> the big retailers like walmart and kroger are getting into the milk business, and that is spelling trouble for dairy farmers across the country. their business is becoming increasingly squeezed by the changing dairy landscape. contessa brewer reports tonight from a family-run dairy farm in smithfield, kentucky. >> reporter: when dawn breaks in the countryside outside louisville, kentucky, the work starts. three generations have milked cows at jericho acres dairy, and a fourth generation is getting an early introduction. it's a small farm but the foundation for some big dreams. >> it was all about continuing the family business, doing continuous improvements to our facilities and growing our herd to include better genetics and better cows. >> reporter: those dreams were unexpectedly disrupted by a letter from dean foods which buys all of their milk. >> i regret to notify you, we must cease purchasing milk from your dairy farm. >> reporter: more than 100 farmers in eight states got the same letter canceling their milk supply contracts in 90 days. dean foods blames in part competition

this follows kroger's increase state and a british rusher. -- grocery.t oneot will be began store. they are known for automated warehouses where robots quickly fill orders. coming up, packing the election. could the key to safeguarding november's midterms lie with hackers? this is bloomberg. ♪ ♪ emily: the u.s. midterm elections are just around the corner. and russia's attack on the 2016 presidential elections continues to haunt the united states. the risk of electronic voting systems being hacked is of paramount concern. so much so that those systems were named part of the nation's critical infrastructure by the obama administration. just last week, a new piece of bipartisan legislation was introduced this week in congress to try to prevent election hacks. it is based on a pentagon hacker one.ted by joining us now is the ceo of hacker one. thank you so much for joining us. hacker one is comprised of hackers.", "ethical how are they different from typical hackers? marten: we have 200,000 of them ready to help you reduce your cyber risk. emily: so you hav

c-shares of kroger trading -- shares of kroger trading higher.ching the grocer's ability to hold its own in a fight against amazon and others. headquarters in cincinnati, mike. the whole year, how sustainable are the same store increases going to be? >> we feel good about the momentum and going into the rest of the year, we have made a lot of investments in the first quarter and redoing a significant number of stores. over 200 stores or roughly 200 we have in some form of remodel and space optimization in the first quarter. as those stores start to mature and others come online, the effect of that headwind will subside and late in the third quarter, that will factor into a tailwind. you couple that with great merchandising strategies and exciting people to come to a store on a more regular basis and we think all of that will drive topline for the rest of the year alix:. alix:looking into your margins, we have a chart that shows your trailing growth margins, the margins for the last quarter right along that level, maybe a touch higher. do you feel

the cut melon sold in walmart, kroger, walgreens, sprouts, costco and whole foods. according to the centers for disease control, at least 60 people have been sickened since april 30th. >>> emotional moment at the congressional baseball game in washington last night. representative steve scalise starting at second base for the gop squad a year to the day after he was shot at practice. the first pitch of the game hit directly to scalise who made the play and was mobbed by everyone on the field. what a great moment there for steve scalise. as for the game, there was not much to celebrate for the republicans after that. 21-5. democrats. smoked the republicans. >> great to see scalise back. >>> the fbi back under scrutiny in the hillary clinton e-mail probe. specifically the actions of one agent whose bias cannot be ruled out. now the president's allies are pouncing. their latest efforts to undercut the russia investigation. comin and it's time to get outside. pack in even more adventure with audible. with the largest selection of audiobooks. audible lets you follow plot

kroger is working with a company. wheel. no safety operator, but after a survey, they found that people feel they don't want to shop online because they want to save on cost. that is exactly the goal here. so they want to save on costs and this driverless vehicle will come to your home. catch is you better be at home to get it because there's no one to deliver it to you. they want this obviously to take on amazon and walmart as they creep in, in the food business, kroger today up more than half a percent, and others who are trying driverless as well. yum brands and domino's pizza but said it won't be available for a few years. they all got a story about what happened to 'em. man 2: it was raining, there was only one way out. i could feel the barb wire was just digging into the paint. man: two bulls were fighting, (thud) bam hit the truck. try explaining that to your insurance company. woman: another ding, another scratch. it'll just be another chapter in the story. every scar tells a story, and you can tell a lot more

covering a company like kroger we saw them buy a meal delivery kit.e saw them invest in ocado which make ros robotics for foo delivery what does it mean for the larger grocers in the u.s. with a footprint much larger than a whole foods. >> the biggest change in grocery is when walmart opened its first super center in 1988 now the second phase of that big change and everyone has to react to what amazon might do. right now, grocery is only about 2.5% online. it's like no penetration at all. so we're going to see that big change happen going forward and everybody is getting ready for it but, yes, walmart and amazon are going to own grocery today walmart owns grocery what are they, 23% market share in the country they were nothing in 1988. they've taken over that business and they've driven the pricing down and they've put a lot of people out of business we're going to see one next phase here where now it moves online amazon is the big player amazon is going to need another 1500 boxes to be competitive but they can still do a big online business as they g

great but maybe they finally bottomed at the start of may >>> we have trades on garden, verizon and kroger.s. needs to create an environment of pain. that's what commerce secretary wilbur ross told cnbc about trade. he is right? one industry that's bracing itself for pain. u.s. wine makers, one will tell us why he's a bit worried about a trade war with china in particular and modern medicine, how one silicon valley startup is absrupting the $1 billion dietes market using food therapy. we'll tell you about how that works right after this this scientist doesn't believe in luck. she believes in research. it can take more than 10 years to develop a single medication. and only 1 in 10,000 ever make it to market. but what if ai could find connections faster. to help this researcher discover new treatments. that's why she's working with watson. it's a smart way to find new hope, which really can't wait. ♪ ♪ >>> time for blitz darden hitting an all time high after posting a strong earngs beat joe, up 12%. >> are you creating your own lasagne for 12.95. a lot of people are. i can. six out of nine a

remember a year ago when amazon bought whole foods, people were saying doubting higher kroger grocerycost savings helped. in this battle for customers they have been slicing sales and also prices. they're trying to bring in foot traffic at this point. also getting into new lines of business, including delivery meals and buying into okado in the uk. in a market looking at 200 points down look at these shares. back to you, liz. melissa: thank you so much. first day of summer. our next guest got blazing hot picks warm up your portfolio. josh jelins ask. y. half a billion under management. what do we need for our portfolio? >> i got contra china play. xnia, a etf focusing on china shares. it has taken hits due to the chinese tariff debacle. opportunity with a-shares, main mainland china being included in the indexes. tencent the sixth biggest company in the world by market capitalization which nobody ever heard of. once it becomeses hot like amazon i think it can go through the roof. that is down as well with the china tariffs. then you have intel. i always like to buy when others are fea

we had this news that whole foods was getting bought, obviously kroger and everybody else was getting sold out. kroger was down to 29, and back up to 20 again look at best buy, all of these names supposedly going to be put out of business by amazon. the answer, do you react the right way? walmart can be used as an example. not everybody is the carnage of everything good going on with amazon right now great opportunities but it's not immediate. i don't think you want to go in today and say this reaction with walgreens, i think you buy it today. i think you wait a while and then it's going to take time and many of those stocks getting hilt today have yum side >> yesterday, stephen weiss, mck -- >> i always give two-day lead time >> and you bought tell today >> i actually doubled my position on abc, amerisource bergen let's talk about both of it amerisource bergen, 28% owned by walgreens. so they have right of first refusal. i think they consolidate eventually if they don't, someone else will in terms of mckesson, mckesson, the number two person in the country. the present chairman has b

. >>> and kroger will test using driverless cars to deliver groceries.he supermarket chain announced they will begin a program. a security code will likely be given in order to access the items from the car. anne-marie. >> i like that idea. i'm into it. >> i do too. it's a great idea. >> thanks so much, diane. >> thank you. >>> still ahead, the last play date. it is the end of an era for an iconic toy store chain. iconic toy store chain. so if there's a better treatment than warfarin, i'm up for that. eliquis. eliquis is proven to reduce stroke risk better than warfarin. plus has significantly less major bleeding than warfarin. eliquis is fda-approved and has both. so what's next? seeing these guys. don't stop taking eliquis unless your doctor tells you to, as stopping increases your risk of having a stroke. eliquis can cause serious and in rare cases fatal bleeding. don't take eliquis if you have an artificial heart valve or abnormal bleeding. while taking eliquis, you may bruise more easily and it may take longer than usual for any bleeding to stop. se

. >> next up in the blitz, the trades on kroger, american express, estee lauder, and american ieairlinesnd let's lo at the markets a down day across the board. flis&p 500, ditto, the nasdaq iseeng the pain, down 2.5% "halftime report" is back right after this alerts -- wouldn't you like one from the market when it might be time to buy or sell? with fidelity's real-time analytics, you'll get clear, actionable alerts about potential investment opportunities in real time. fidelity. open an account today. need a change of scenery? the kayak price forecast tool tells you whether to wait or book your flight now. so you can be confident you're getting the best price. giddyup! kayak. search one and done. and i am a senior public safety my namspecialist for pg&e. my job is to help educate our first responders on how to deal with natural gas and electric emergencies. everyday when we go to work we want everyone to work safely and come home safely. i live right here in auburn, i absolutely love this community. once i moved here i didn't want to live anywhere else. i love that people in this communi

kroger was downgraded to hold from buy over a pivotal research. the analyst sites the stock's valuation following a 17% gain over the past moceh. the p target is $31. the stock fell 1%. >> still ahead, women get behind the wheel in saudi arabia. and s er their way to economic opportunity. >>> the supreme court handed american express a legal victory. american express h a policyf not allowing merchants to encourage customers to use other lower fee credit cards. th policy does not violate antitrust law. that sent the shares higher by more than 1%, making it one of the best performing stocks on the dow index today. investors slammed the brakes on shares of harley-davidson today. the reason they're moving production out of the united states? to avoid thoseew tariffs in europe that will jack up the cost of selling the motorcycles in thatregion phil lebeau has more. >> reporter: harley-davidson is hurting. m theotorcyclelr maker ady struggling with slower sales in the u.s., is already facing a big hit due to tariffs in the eu rket. the average harley so

. >> i had an ilexample,am lee, i looked at kroger. they recently announced that their profit margins were going to be squeezed because they were making more investments in the ecommerce business and immediately eluding to what rahan said, that stock dropped by 11%. you have to think hat plays with the ceo's mind. that might make a difference if they know the stock is going to suffer in the short term. >> absolutely. they make short-term conservative bets and not long term. look at amazon. they hadisable earnings numbers and yet everyone believes amazon is a success story. >> you guys need your own cable show or just come back on ours. thanks so much. william lee with millkin initute and rahan with greenwich investment. >>> household wealth in the u.s. has topped $100 trillion for the first time. according to a new report from the fedal reserve, rising home prices lifted wells in the first quarter and that offset a decline in the stock market. meanwhe, householdebt remains stable staying in a range that it has been in for the last few

before we go, i like when you imagine 2025, there's a name like kroger in it.an they hang in there for the bold new future? >> look, i absolutely -- we wouldn't have put it in there if we didn't believe it the portfolio is build around the idea looking at 2025, find names we thought could thrive, grow, and be the leaders kroger is one of those they will be the leader in terms of -- in some sense, having a bit of a hand over the cpg company. amount of effect on consumers, knowing how much they buy, where they buy, all of that is interesting. they started that over a decade ago in a compelling way. they are a hidden gem in there there's other obvious things like googles and facebooks of the world, but kroger is under the radar and undervalued name worth looking at for 2025. >> you know, i have a soft spot for that story 25% down that day amazon bought whole foods. thank you very much for joining us today mark harris and john >>> oil rallying back above $70 a barrel and what it means broadly and for the economy. plus, the president threatening to tax harley-davids

put l and whole foods walmart and kroger on the defensive. top two grocers in the country maintained their position by investing in online ordering and delivery and it appears to have paid off. >> they are movingt a rapid speed to cut prices, make stores more attractive, cutting prices toe make sur the consumer doesn't have reason to of these other places like a whole foods or leidel. >> but the food fight isn't over t. for "nightly business report," i'm courtney reagan in new york city. >>> canada goose reports a surprise profit and that's where we begin tonight's market focus. they more than this quarter, helping results blow past expectations. the company alsoays it sees revenue growing at least 20% over the next three years. shares soared as you might imagine by 33% to $61.02. >>> apple is reportedly planning to used screens as opposed to oled screens in the upcoming iphone models becausehey are cheaperer for the consumer. the news weighed on shares of universal display and lg display, two companies that spli suly the oled screens. lg dis

that being said, kroger is already in over 500. >> here's my quick question.u go to 60 million overnight. >> it's going to take a lot of scale and a lot of good execution. i think we have a good partner to help us get there as well >> how much is there involved to having a doughnut meal kit in. >> we'll put more serious thought to it. we've had a breakfast item in the past and it's worked well, so we'll continue to investigate things >> baked goods are harder. >> yeah. takes more time. >> thank you for your time we look forward to an update >> appreciate it >>> coming up, we've got jobs in america. we've got the countdown to today's may employment report. we're going to talk market expectations u.s. equity futures at this hour let's show you what's going on after what may have seemd lied a trade war erupting yesterday nasdaq up 30, s&p 500 up about 13 all this could change at 8:30 when we get the jobs report. and remember, it is national doughnut day i'm one down more to go you're watching "squawk" on cnbc hi, kids! i'm carl and i'm a broker. do you offer $4.9

series of deals to supply its technology to retailers overseas — most notably with us retail giant krogerave received a further boost today. a double upgrade to "outperform" from analysts at bernstein has pushed the share price up another 6.3%. let's ta ke let's take a look at accardo's share price and what it's doing right now. it is up nearly 6.5%. shares in london are up generally, led mainly by export orientated firms after disappointing uk factory data that we have been talking about hit the pound. that's all the business. sophie, back to you. marion, thank you. some more breaking news. a court in italy has found a man guilty of abducting a british model chloe ayling. lukash herba was accused of luring the 20—year—old from south london to milan with the promise of a photoshoot, and then kidnapping her for a ransom. he has received a 16 years and nine month sentence. james reynolds explains the case pkg) injuly 2017, in july 2017, chloe ayling injuly 2017, chloe ayling came to milan. she said she had received an offer of modelling work. she told the police that she went to an office t

kroger out with earnings they came out ahead of estimates. of garden apparently going well. >> thank you. let's get the first world news with mark crumpton. >> a day after president trump signed an executive order ending new family separations of the border, first lady melania trump. a firsthand look at some of the inner -- immigrant children being kept in holding facilities by the u.s. government. mr. omega's present visit to the texas facilities today. she said she wanted to letters or to the children and she asked staff to reunite them with their families as quickly as possible. citiese mayors of u.s. met in texas. they say trump has failed to address a humanitarian crisis of his own making. they call for the reunification of children with their families. >> this is more than politics. is is a ral crisis. a the mayors asked to tour holding facility to witness conditions inside. they were denied immediate access by the department of health and human services area collects the u.s. is warning u.s. in syria's president for violations of an un

states not on my watch why is the president doing this now well it has a lot to do with the fact that kroger's hasn't done its job mariam in almost twenty years republicans democrats it doesn't matter they've long promised that there would be immigration reform it's long overdue but it's become this political football it seems to be happening once again the president seems to be using the nuclear option not just when it comes to this policy of separating children but also in terms of trying to force congress's hand but given the fact that there is such division in congress even though he's headed up to capitol hill on tuesday to try and force the sea even more it's bound to be an election issue when voters go to the polls to decide control of congress just. at the latest from washington kambli howard gets thank you so let's get more then on the view from germany in developments there with dominic cain who is in. and so first of all let's focus on trump's comments because he has decided to speak out and put his own spin on on what we've been seeing in germany has there been any reaction there t

turn and swing into a kroger parking lot. if everybody had these skills, the road would be safer.our hero doesn't make a lot of money. shy is a backup dancer. topic number two. a swedish cat was forced to wear the cone of shame, but it did nothing to dampen its spirits. you may say the cat decided to drink it up. other animals sulk in the corner when they are rocking the ce. oh, not my cat, kennedy. your cat. it would kill you for a slice of veil vota knowing it will throw it up on the kitchen floor which is fine by the cat because it will give them more room to eat your below thed corpse. when you google cat drinking, every story is about kat timpf where who is my friend. a san diego a pad padre's fana foul ball in her beer. she is a viral video star. she got 4 million marriage proposals on insta the a pad res went on to loose the game 14-1. but we hear gabby left in good spirits. unlike the padres, she managed to make it home. topic number kfc is developing a vegetarian fried ching. finally re getting some sci-fi in that bucket. a spokesperson says it's aimed healthy eaters. but

it was sold in scores including costco and trader joe's and walgreens and kroger. >>> and ahead, it is something many thought we would never see. final preparations are under way for president trump's historic summit with kim jong-un. we are live in singapore next on "early start." >>> one-time shot and i think it's going to work out. >> president trump preparing for the summit in singapore. what no u.s. president has ever done which is meet face-to-face with a north korean leader. >>> president trump digging in his heels in trade after the rocky weekend with the g7. why he is isolated himself from the allies and global reaction. welcome back to k""early start." i'm christine romans. >> i'm dave briggs. we are live in moscow and berlin with the reaction to the president's movt the g7. >>> we start in singapore where they are putting on the final preparations for the summit. president trump is getting ready to do something no u.s. president has done. meet face-to-face with the leader of north korea. it is late afternoon in singapore and has been a busy day. president trump met with the

same story with kroger. investments in delivery and online services paying off. stock is up 8%. politics. president trump in duluth minnesota. you might call it a bright spot for a gop and an otherwise democrat leaning state. he is running for congress as a republican. sir, you want to get into this mess? you saw what's going on with toxic politics in the republican party. >> yes i do. i want to work on behalf of the citizens in the minnesota district and this country and i want to use my experience as a law-enforcement officer, city counselor, small business owner and bring those common sense solutions to washington. stuart: you will fight an uphill struggle with all this news on immigration and the intense emotion about splitting families. that's the backdrop today. you have a hard time in minnesota because it's leaning democrat. >> president trump won this district by 16% and i've been on this campaign for almost a year end are messages resonating. the tax cut and jobs act resurrected our economy. businesses have optimism and manufactures as well. the mining community is stro

. >>> bloomberg reports that kroger, the large u.s.ving grocery delivery. kroger will begin tests at an undisclosed u.s. store. it could help cut down on delivery times and possibly the cost. customers will need to be home when their delivery arrives to unlock the grocery order. amazon bought whole foods last year and has added two-hour delivery program for its prime members. >>> "the washington post" reports america's cheese stockpile just hit an all-time high. there's almost 1.4 billion pounds stockpile. that's up 16% since 2016 when the government had to buy more than 90 million pounds of cheese to cut the surplus of dairy supplies. analysts say that higher milk production coupled with lower demand for milk have increased the cheese stockpiles. milk is more easily stored than cheese. >>> the me too movement ignited a global reckoning on sexual harassment and abuse. now "the new york times" is revealing how the movement changed the brave women and men who shared their stories. the times spoke to 20 people who previously came forward.

upgrade online now. >>> i really want to congratulate kroger. a major move they realize they were being challenged they made a couple acquisitions. they got it up to the next quarter. i was skeptical they could pull off this off because they needed to do so many things. >> i think it's a recognition that we got to become more digitized. we have to make our store mrs. exciting congratulations for fighting back and winning one of the nicest people in the industry >> did you see the journal piece on companies that compete with amazon macy's has done a remarkable job. i truly want to congratulate mcmullen for what he's done. just awesome >> don't look at the multiple it's incredible. and zoom, this is a pizza company. they make them in trucks i try to be fashion forward. i try to think like a my lent yell a -- millennial just like you get two boxes of corn flakes. >> some nice threads you got there, my man. yours feels like paper >> downgraded. maybe it's like kleenex. jack tatum is the guy. stop correcting me when i didn't make mistakes. >> i got t

the usda project, these survival crackers, wheat biscuits manufactured by kroger and th nabisco 150 tons sealed up within tins 430 biscuits per tin hidden inside these fallout shelters across the country ready for the sustenance necessary to survive nuclear war. >> that's just too grim. i mean, if people have been through a nuclear war, you can at least bring some chocolate chips. >> so what i want about the biscuits they came with an instruction manual. i sort of love the idea of in 1958 some usda employees sitting down somewhere to write an instruction manual on how to eat a cracker. [ laughing ] >> but the instructions that came with the crackers said that sort of every adult gets six crackers per day. 125 calories per cracker. so if you're doing that math real quickly in your head, that's not a lot of calories to get through. but the suggestion in the instruction manual was that you should break that into six separate meals over the course of the day because there wasn't a lot else to do in the fallout shelter. [ laughing ] >> so if you broke it into sort of six one-cracker meals, th

kroger is partnering with bay area startup on a vehicle which can steer itself from a grocery store to a customer's home. automatednown for warehouses where robots quickly fill orders. coming up, packing the election. could the key to safeguarding november's midterms lie with hackers? this is bloomberg. ♪ mark: we had been reporting, multiple people have been shot and killed at a newspaper in annapolis, maryland. the associated press sites a witness uses a single gunman fired into the newsroom. authorities say a person is to me -- custody. people with her hands in the air were seen leaving the complex where the capital gazette newspaper is located. the bureau of alcohol, tobacco and firearms was on the scene. the capital and newspapers including the capital gazette are owned by the baltimore sun bt group. the associated press cites a reporter at the capital gazette who tweeted a single gunman fired into the newsroom and shot multiple times lee's. shot multiple- people. several are suffering from grave injuries. confirmed theef five fatalities at a news conference a short time ago. a li

so that's am yvonne, but there's also some news out of kroger.ed plans to partner up with a driverless car company to deliver groceries and in an interview with cnbc the office every told us we cannot just rely on physical source to reach all of our consumers anymore which is why they thought to partner up with the delivery kbaen. b -- company. they announced a partnership to set up warehouses in the u.s. they also recently bought the meal kit company home chef as well. >> it's a very sad day for kids and adults all over the world as toys r us closed the doors of their final scores and there's a farewell farewell picture as we geoffrey the jgiraffe with his suitcase. >> i believe it was -- the stor been around since 1957 and the faithful mascot has been there every step of the way. it was a very, very sad day. i should tell you about 30,000 people will be looking for a job. >> that's a terrible part of the story as well. we're all miss toys are us. thanks so much. >>> so many people are going to be losing their jobs, but i got to say, looking at

people had a chance to answer if you notice kroger's report, they are doing well.derstand is you're running a revenue growth stream, nothing's more attractive than analysts with nothing left to do but raise price targets to open up another potential stream now, there are no plans to make any money in either stream, and the profit margins in the grocery business are tiny. >> i'll argue that it's possible that this is a brilliant move for amazon, and they need to access that huge pool of revenue out there in this market, and the stocks of the incumbents like walgreens got punished too much they are big enough for the things to be true, and the speed in which you have to scale this thing for it to really start to infect numbers, the issue in the analogy with retail makes sense last year, but the difference is you also got a tail wind from the consumer in the back half of the year, early part of this year >> yes >> nothing's going to necessarily artificially or come along to boost health care >> amazon bought whole foods because there's beta tests ongoing fresh died fo

this morning kroger showed us it reinvented itself, changing up the stores, having meal kits the people love. grocery kits when people want them and even -- for the associates good stuff is being rolled out over time. i think ceo rodmy mcmullin is doing amazing things succeeding. i predict a slew of upgrades that's okay. that one's okay to hold on to. it's been down a lot and i like tech when you get week the ceo brian krzanich is out at intel because of --. at the same time they released him they also told you business is better than expected thanks to strong growth across all segments stock looks good to me i -- when we see the official returns i think they will trigger huge buy back and big dividends the banks will --. unfriendly yield curve but that can change. yield churves change say the chinese decide to sell u.s. treasuries. because they have to prop up their stock market and then the yield curve inflex means a rise in rates and very good for values and suddenly you say why i didn't i buy the banks when cramer said i could buy them so look, i know i'm early when i tell you to ge

yesterday kroger -- which is supposed to be ted after the amazon/whole foods thing -- was the best performerrket. why do you think so many businesses apparently lobbied for this. >> it is the big businesses because they know they can afford the lawyers to be able to deal with it. it's these small guys that are just going to get creamed. but i think one thing to look for going forward is you're going to see state and local governments salivating over the opportunity to tax. states like connecticut, massive pension liabilities. this is a big win for them. and i think the supreme court -- charles: they're going to spend more than they take in no matter what it is. >> absolutely, they are. and it's really sad and unfortunate. i mean, i think the supreme court interpreted the law correctly on this, but it's really difficult to get a legal fix in a lot of these states where they're just spending like crazy. members of congress are going to be under a ton of pressure not to pass this bill. it's basically trfing wealth from small businesses -- transferring wealth from small businesses to states that

one of the businesses is kroger. kroger was suppose toed annihilated with amazon and whole foods and costco and others, walmart. they are learning how to do it. their stock is up very big today. so it is a bump in the road to be sure but i do hope they get the rules of the road better for small business, mom, pop, small entrepreneurs want to get into the industry. neil: what do you think, jonathan? >> the winners here are the accountants. they will have to figure out all the new rules and the states. as charles and you mentioned, we're talking about billions of dollars the states will get to have in their greedy little paws on and spend and mismanage. as charles alluded to real users are nottettecy or marketplaces but individuals that sell on them. these are minority, women-owned small businesses operated out of people's homes where they sell, 2, 3, $4,000 worth of merchandise in other states. they will be charged with collecting that tax. that is burden on small people who are trying to make couple bucks on the side

the contaminated fruit was sold at numerous stores including kroger and walmart. it has been recalled. >>> in guatemala, two evacuations as the volcano of fire released a new flow of burning sediment on saturday. that's a week after the initial eruption. at least 110 people have died. 200 others are still missing. experts warn that the danger is not over. >>> finally, the washington any. now they're not letting go of it. literally. the team with the cup in tow, going out for a leoncebr, d.orc saturday night. our kenneth moton happened to be at the same restaurant. he took the video. >> he did? >> look who else is there? jared kushner and ivanka trump. they're taking pictures. some of the players. the russian-born star. he is holding up the cup there which has led to a number of twitter reactions. >> alex ovechkin. >> a russian and ivanka. >> imagine twitter being -- >> twitter taking anything out of context. never. >> that would not happen on twitter. >> i love the tradition of the cup though. >> have you ever seen it? >> i kissed it once after the chicago blackha

kroger dropped 30% i'm not kidding. in just a couple days. costco even dropped 10%. walmart and target they were all down but look here, all of these stocks have come round trip. they're all back to their previous level so the thinking is, and i think this is probably likely too, this will follow a similar pattern. at least initially waves of selling followed by some recovery, back to you, melissa. >> bob, thank you. >>> so we thought this might be a good time to roll out a brand-new game >> new game, new game. >> yes, new game we are calling this game prime deal or amazoned the rules are very simple. >> sounds like an old game >> the rules are simple. we'll go around the horn on the pharmacy and drug distributor stops. you tell me if it's a good deal. or if it's been amazoned, meaning it's pretty much left for dead get it very clear, right? all right. tim is first cvs prime deal or amazoned >> okay. a lot of pressure on me to play the game right i'm going to do this right they are amazoned. and my theory is, look, a lot of discussion has gone on to the retail pharma

i think kroger is too cheap. you have to like target.blem with walmart last year they had a huge run-up. >> the full story on how amazon is taking control of its whole foods acquisition, log on to cnbc.com now up next, final trades. see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade with tripadvisor, finding your perfect hotel at the lowest price... is as easy as dates, deals, done! simply enter your destination and dates... and see all the hotels for your stay! tripadvisor searches o

we spent about $1 billion doing this to get a big boost, thank you kroger, who ended up buying 6% ofny. to get back to when you had amazon buying whole foods, the whole industry woke up. david: the anniversary is today, just today. ado a big boost. >> it has quadrupled since last fall. the supermarket industry thought, we will be fine, we will be fine and maybe on groceries will be one or two percentage points. amazon is saying, a whole different ballgame. david: it will be tech sooner or later. alix: they cannot get in order for me right. >> or when amazon gets involved. david: that is exactly right. thank you, carol massar. you can find these stories in the latest issue of bloomberg businessweek, catch commentary and analysis every weekend. and coming up, a pardon for the king of junk. of donaldt confidence trump pushing for a pardon from michael milk and. -- michael milken. alix: check out gtv , interact with us directly. this is bloomberg. ♪ david: those around the president urging him to pardon michael milken. a former managing director at morgan stanley called michael mulle

walgreens and kroger supermarkets already offer prescription delivery. >>> "the wall street journal" spending for meals prepared at home grew by less than 2% at home. food elsewhere grew by more than 20% adding up to nearly half of all food purchases. convenience is increasingly important. >>> time says a new report suggests marriage can protect your heart. a review in the journal heart analyzed studies. researchers found people who were not married had a 42% higher risk of developing cardiovascular disease. that's compared to married people. researchers speculate that being married may protect against disease because a spouns can recognize and respond to symptoms of ill health a little earlier. >>> the mercury news in san jose says your dog is talking. are you listening? researchers say they now understand what 19 dog gestures mean. okay. if a dog lifts a single front paw to briefly touch an object or person it means, let's play. when a dog licks you or an abject it means scratch me. and standing on its hind legs means it's time for a snack. >> when my dog licks me it means don't us