but we saw that with kroger. kroger is back up to 20. the bark is worse than its actual bite.the intriguing stock. >> people say volkswagen, the diesel challenge company and they asked them, like audi? do you like lamborghini? you like porsche? what does that have to do with volkswagen? they are all made by volkswagen all over the world trade at the same time it's the cheapest car company in the world. there's your profits. >> they have to recover from diesel emission scandals and number two at data, i'm some kind of tariffs we might impose coming over here. you think that'll do it? >> so when the terror cells and ultimately will be settled. stuart: you are all right. thank you appreciated. >> looking to expand its operations in china feared suzanne, tell me when to do it. >> they are signed a memorandum of understanding to build this battery and electric car factory in shanghai. they say will not affect the u.s. manufacturing base. but it will take two years before any cars rolled off the production line. the second-largest market in the world has 17,000 vehicles there. the m

. >> thank you very much sue herrera back at hq kroger announcing today it plans to get back into theom club monaco, pink tartan and others. this comes on the heels of michael korz, saying the stock's evaluation is quote, too low to ignore joining us to discuss cnbc fast money traders tim seymor >> did you know the background of the designer because i did. >> i think you're running right down to kroger to buy your next soon, right? >> all of my clothes, no doubt about it >> this fall they're coming to kroger what's the sentiment down there on retail in general obviously there are winners and losers in the group but it's been outperforming >> let me jump on the staples retailers. i think the 45% move up is really just a catch-up trade, and i would leave these things for dead i think whether we're in a rising rate environment or not i think these peaked a couple years ago. whole foods kind of encroachment on the consumerable space means i don't want to be kroger right now. >> i like the rebound this had the fact it's back to where it was i think actually shows you there are companies ou

when you think kroger, you probably think groceries. what about clothing?ory coming up. the u.s. stock market futures coming up tuesday on the heels of course of the big rally yesterday printed out 46, premarket s&p up three coming not back up 17 and three quarters. you are watching "fbn:am." ♪ .. and exercise. and maybe even, unproven fish oil supplements. not all omega-3s are clinically proven or the same. discover prescription omega-3 vascepa. the one that's this pure... and fda approved. look. vascepa looks different... because it is different. it's pure epa. vascepa, along with diet, is clinically proven to lower very high triglycerides by 33% in adults, without raising bad cholesterol. that's pure power. proven to work. vascepa is not right for everyone. do not take vascepa if you are allergic to icosapent ethyl or any inactive ingredient in vascepa. tell your doctor if you are allergic to fish, have liver problems... or other medical conditions and about any medications you take, especially those that may affect blood clotting. 2.3% of patients repor

it will replace private label brands that are sold by kroger. shares of kroger up 6% for the year.r, maria, there you go. maria: thank you, cheryl. coming up, targeting american business, president trump tweets out another attack at a u.s. company, this time he's got pfizer in his crosshairs, the fallout coming up. going beyond the call of duty, firefighters in florida helped save a man after a heart attack and band together to finish his yard work. the incredible story later this hour. back in a moment, right here. ♪ here i am, signed, sealed, delivered, i'm yours. ♪ i'm yours. ♪ you set my soul on fire. insurance that won't replace the full value of your new car? you'd be better off throwing your money right into the harbor. i'm gonna regret that. with liberty mutual new car replacement, we'll replace the full value of your car. ♪ liberty. liberty. liberty. liberty. ♪ and i heard that my cousin's so, wife's sister's husband was a lawyer, so i called him. but he never called me back! if your cousin's wife's sister's husband isn't a lawyer, call legalzoom and we'll connect you with

they also say the kroger deal, there will be more details.t's going to be a disappointment the market as well. guy: surprised in the london market. tpicap's right, announced its ceo will be replaced. we also have guidance from tpicap, does not look great. the company expects to take a 10 million pound hit to its operating profits citing costs related to brexit. will open lower in london trade. guy: thank you, everybody. some of the stocks we are going to be watching this morning. latest on thee bloomberg. the mobiled it via app as well. screen,e a look at my you're going to see huge jump this morning at an index level. most markets around europe called higher, by 0.2%. futures slightly different. you've got the ftse trending softer this morning. the pound will be a massive actor in the performance of the ftse going forward. this is bloomberg. ♪ ♪ go until theto start of cash trading. the pound is on the upside. we have seen it move higher. it is not huge, but nevertheless the pound catch a bit. trading flat on the cable rate and you see a sim

and sells them to companies from kroger to whole foods. >> it's hot right now, butn general, i think the season's coming along pretty well. ceo dan visin says the weather isn't the only hurdle they face this season. the trump administration's 25% tariff on imported steel and aluminum have also been a blow. >> pacific coast producers doesn't make its own cans which areal parly made with importedee stl. he says his can supplier has passed on the tariff costs, meaningy're paying 2.5 cents more per can. >> we do believe gey have a loe, which we fully support. our concern is, we're being caht up in the short game. >> he remains optimistic, back in memarch, ce secretary wilbur ross held up a can of campbell's soup a said the impact of the tariffs would be marginal. >> well, i just bought this can today at a 7-eleven down here, and the pce was $1.99.o in the world is going to be too bothered about 6/10 of a cent. >> campbells acknowledged the impact of the u.s. steel tariffs saying tin plate is campbells sing largest procurement expense. the can manufacturer's institute says the tariffs wil

i mean, one of the names that stands out for me is kroger which everybody put out for dead after the buy of whole foods from amazon about a year ago and the stock from 29 and got to 20 and bounced back up and here it is at 29 again and i think that one made sense and they're able to compete and as long as you're able to compete in today's environment and i don't look at someone like that, kroger, for instance, as a defensive stock. >> let's not totally push off to the side technology had a great day today, as well there were defensive names and technology was off to the races once again. >> when you talk about names that are defensive he talks about a name with a story behind it. so when you look at these other names, these food stocks, they have stories behind them, too, and the space, technically, they look like they're breaking out utilities to me is what pete said defensive, but they can pass on the rising rate environment to clients and to customers. so i think that is the defensive play that i would stay with. the other ones are -- food stocks, case by case basis and we truly d

they did a deal with kroger.market in the united states is used -- is using ocado technology to deliver. tax numbers, in as a loss of just over 9 billion pounds. the top line earnings growth will be 38.9 million in the first half. in terms of some of the business , it'sthe solution side going to decline because of investment. they will give more details on the signing of that deal. many analysts are saying it was transformational. the value seems to be pretty much priced in here. 266%.tock so far, short interest has declined. before the kroger deal it was 10%. it now stands just over 5%. for ocado.s, 11.7% they are making a capex investment. global trade war fears, the barometer seems to be dropping marginally. equities are little bit in the green. notes are getting written by emerging markets. emerging market sales fatigue. that is the latest from credit suisse. you also have the chinese ppi. that beat what the market estimated. is withinion goal reach and we are nearly at a self-sustaining level on inflation. t

kroger offering tuition reimbursement to grocery baggers, and for starbucks expectant workers, six weeks paid maternity leave. benefits only go so far. >> we do expect companies will have to pull the lever of wages to attract talent. >> reporter: seeking the right combination of perks and pay for the benefits that drive america's economy. ann thompson, nbc news, new york. >>> secretary of state mike pompeo is in north korea tonight. a critical test of whether kim jong-un is really ready to give up his weapons. now, reports president trump may also be testing kim's sense of humor, by sending him a cd of elton john's rocket man, once mr. trump's favorite insult for the north korean dictator. we get the latest from andrea mitchell. >> reporter: secretary of state pompeo on his third trip to north korea, his first since the summit. and this time maybe bearing gifts. pompeo is bringing a letter from president trumnd pompeo laughing but no denial. pompeo's mission nailing down kim jong-un's promise to give up the nuclear weapons. after reports, first on nbc news, that intelligence agencies say

walmart and kroger are developing their own. i have to say that looks delicious. i just want chick-fil-a. >> you want the number one combo? my personal favorite. the drive-it thru in my neighborhood you have to wait 30 minutes. >>> "early start" starts right now. why the president is stripping security clearance from former intel officials. >>> the president is exploring the mechanisms to remove security clearance because they politicize and monetize public service. >> the president accused of distracting the russia investigation by silencing his critics. >>> new satellite imagery showing north korea dismantling a key facility. the site plays a big role in pyongyang's missile program. >>> you have three seconds to attract attention. >> [ bleep ]. >> drop your pants and scream the "n" word. a georgia lawmaker put that argument on camera. what he is saying to defend himself. >> i'm christine romans. >> i'm dave briggs. 5:00 a.m. in the east. "the wall street journal" calls the dumb idea of the week. extraordinary use of presidential power. the white house says presi

. >> reporter: america's name brands getting new perks and fi be, kroger offering reimbursement -- and f expectant starbucks bar reeista. >> we d expect companies will have to pull the lever -- >>> a former newspaper reporter and canadian prime ministe justin trude have differing account s accounts she said she considering the matter closed. knight claims trudeau apologized the next day.oe trudeau't think he acted inappropriately. but the two may have acknowledged their interaction differently. >> i'm confident that i did not inappropriately. of this nk the essence is that people can experience kper a interactions differently, and part of the lessons we need to learn in this collective reawakening, a level of e that inding for peo many cases, women experience interactions a s in professiona cont different than men. >>> the first day of theua ann running of the bulls festival guess at, ends with one person being gored. i always did want to do this, though. it'such an event. around 2,000 people braved the haile run to pampaloma's stadium. the rain made the str bts a littleit slick four p

target's increasing parental leave pay for hourly workers, kroger offers temtion reimbut to grocery baggerst benefits only go so far. >> we do expect that employers will have to pull the lerage of wages to attract worker >>>okay, so still ahead, one neighborhood against speed bumps. >> controversial. plus caught on mera, an unwelcome -- oh, man. a bear. >> it's a bear. >> he on man's local property, why officials think cuddly, they're calling it a nuance bear, and they sayhe's been around before, and you >>> all right, so imagine seeing this in your backyard. take a good look. that's b ack bear strolling on to the property. >> i don't even know what i would do, honestly. >> well, this homeowner, this is out in centerville, they thought it was a dog. >> wasn't a dog. >> a big dog. >> yeah, but he got closer, he realized what it was, it was a bear and officials think this bear could be a repeat offender. so w sent jackie benson out to find out more about what they're calling the nuisance avenue. >> reporter: barry of centerville went to take out some trash on monday night and found a bear bac

you have dollar shave club and harry's, but also kroger, who launched their own brand of razors, alsoblems for them. make any kind of appearance? emma: it is going to bolster his hand. you know there has been a battle, there was a battle last year for a board seat, and he has been pushing to cut the blow and cut bureaucracy. this is something the ceo has been trying to do, streamline the company, but this earnings report is likely to give traction to what know some powell is trying to do or encourage them to do. he is the number one, -- his client the number six stockholder there. and if you take it was the bloomberg, it is still one of the worst performers this year when you look at the s&p 500 consumer staples index. caroline: emma chandra with our stock of the hour. the european close is up next. this is bloomberg. ♪ this isn't just any moving day. this is moving day with the best in-home wifi experience and millions of wifi hotspots to help you stay connected. and this is moving day with reliable service appointments in a two-hour window so you're up and running in no time. show m

kroger is a great example of that, $29 stock went to $20. where is it now today? >> and cvs last week >> that's what i'm saying. walgreens, cvs. >> all of that >> i did the same thing. >> wait a minute, what are you doing? pillpack is going to kill them >> oh, costco -- >> we're going to get monthly numbers and they're not as good, so what. >> so that is not talked about on the amazon news i just think, yes, you get the opportunity. i don't mind seeing you jump out of your seat >> i love that, scott. man, if i could have reached you. >> look at cvs, you go out of your mind. come on. >> way to go, steph. >> when you say united rentals and stanley, black & decker, i know it's all better it's we're back, we're back. these are stocks that we always like >> and you need a fratranquilizr >> we talked a lot about earnings, speaking of earnings, we ask all of the strategists on the exclusive stock various. here's what they say, 60% believe that earnings will beat expectations, 40% said that earnings will match and no one said they'll miss. we're going to reveal the entire

walmart and kroger developing their own kits. >> testing and beginning august 27th in the atlanta areawant to cover the rollout. just in case we need a reporter. >>> ahead, a georgia lawmaker with a display you have to see and hear to believe. >> if you want to win, you show some skin. >> okay. >> show it to me. >> this man convinced to fight off terrorists by dropping his pants. and it actually gets worse. ck. first they make you sign up for bonus cash back and it's only on a few categories. and when those categories change, you gotta sign up again. when does it end?! with the capital one quicksilver® card, you earn unlimited 1.5% cash back on every purchase, everywhere. it's like a cash back oasis. what's in your wallet? whenshe was pregnant,ter failed, in-laws were coming, a little bit of water, it really- it rocked our world. i had no idea the amount of damage that water could do. we called usaa. and they greeted me as they always do. sergeant baker, how are you? they were on it. it was unbelievable. having insurance is something everyone needs, but having usaa- now that's a privil

you have situations for example with kroger where it got decimated. 29, 21, it's back up there i thinkwill rise, too, it's still cheap and makes consolidation that much more important. with it and the sigocigna, cvs i think ultimately, you see this industry slipg as well >> all right trayer blitz j&j is under pressure. doc. >> stock's down b about 1.5% they were ordered by another judge to pay $4.7 billion to women who are adversely acted by a talc powder that may have contained asbestos bad news, but getting it behind them is a good thing >> mcdonald's down after more than 100 cases of illness have been reported in illinois and iowa possibly linked to salad. >> this restaurant system is so big, every day there's probably something like this going on it's almost uncontrollable given the size of the scale how many people are eating there every minute of the day. you can see the sellers were cleaned up well and may close up flatter today. >> micron, steve. >> this is an incredibly volatile stock about two weeks ago it was down based upon a decision in the chinese courts which is retaliat

some of whom have worked for kroger hillary, others have worked for obama.ing at all of the criminal activity. we start there with our expanded penalty. brit hume. chris stirewalt's politics editor here at fox news. mollie hemingway, senior editor at the federalist and charles lane, the opinion writer for "the washington post" ." thoughts on giuliani's press to her? >> disposition today, series of them. a lot of confusion and our people arguing tonight that he does this on purpose. you see everybody get all mixed up. i think he came out and said something that sounded very much like he was giving ground as to whether there had been collusion. i don't think you meant to do that and i think he tried to walk it back and how successful he did that remains to be seen, but there remains tonight i think a lot of confusion. >> bret: one thing that is clear is that rudy giuliani is saying president trump will not sit down for an interview with mueller. >> i try to look back at the big picture here, what is trump and giuliani trying to accomplish? and i feel with thei

general issues of some of the consumer staples companies and the intense competition. ,ou have amazon, kroger anyone that has the wherewithal to come up with their own store or private brand as you call it is doing it. that's because it is profitable to them and gets more people into the stores. that's hurting the branded companies like png. they are struggling with this. we know all the drama with nelson peltz and it will be interesting to see over the next few weeks now that we have seen how the company performs. , softbankort today invests $240 million in a company which is just a bunch of household goods without a brand. it is a brand but it's called brand lists. -- brandless. scarlet: if you translate it, it means without brand. joe: i did not know that. what is the price of all those things? organic peter butter is three dollars versus told dollars. julie: i think everything is three dollars. joe: oh, everything? julie: i will have to go back but i have seen a lot of things at three dollars. scarlet: romaine bostick, thank you and saying with us more is estimize founder leigh drogen. th

so companies like kroger are investing in start-ups that do automated warehouses and driverless cars.t is a big thing of the future that people have their hopes on. we've all heard about the drones. i don't know when that will happen or when that will actual happy. it is not easy in cities, especially. but other companies -- target has partnered with a company called shipped to offer same-day delivery among other things. so it is all about faster, faster, faster. it is never been a better time to be a consumer. you could sit at home and have everything come to you. >> and how far are we from drone or driverless. >> it is hard to say. i mean, drone, amazon asked for a patent of hijack free drones so your packages can be safe. and driverless cars, it's fill steam ahead in silicon valley and ford and gm -- and delivery is one important thing that people have hopes on. but it is obviously not happening tomorrow but soon. >> and there is the implication for the usps which is being kept afloat delivering packages. >> we don't send mail any more so the packages have grown for the usps. that

i don't want to be in their crosshairs nothing's changed except for the fact that kroger reported a goodhey've kind of figured out some stuff a lot of retailers that have figured out alternate ways to be on the web and also have a good deal with azure, are doing it right. they're no longer funding their own enemy, which is amazon services microsoft's on fire here i don't know why people don't talk about it. why don't they >> we have been talking about it microsoft, intel -- >> by the way, don't forget about health care, these health care insurers and hospitals? they can do no wrong they just only know to go higher centene is my favorite there >> i mentioned bob pisani on the floor watching what's moving bob, what do you see >> i think the important thing is we started strong but faded a little bit i am not happy with what i'm seeing in the banks. the leadership is completely gone we can't even get a modest rally on a big global update here. look at the sectors, that's what i'm talking about. we had a nice start. all the big banks were positive right at the open. and then within three min

have a number of people lose their lives to defeat hitler and that is what wal-mart and target and kroger these companies are doing. they are meeting the competitive threat, and i love it. in wal-mart's case they're fighting with them over incredibly unprofitable business there's virtually no evidence whatsoever that anybody has ever made money delivering groceries to someone now, the one thing i don't like about wal-mart and i do like about target is that amazon's best customer base is upper middle class america, and that's more a competitor to target. and wal-mart trying to be something that they're not makes me a little suspicious of them >> all that competing with amazon moving on, tesla's ceo elon musk is helping to china in what could be a crucial trip for the auto maker is this news or not that he's opening the factory in china >> it's news, sara, but there's a lot of details that remain unknown. and until wall street gets those details and i've heard from people on social media saying how much is it going to cost, and will it open on time those are details going to come out in the

pursued-products giant quarterly sales of missed estimates and rival products include divers from amazon and kroger'sing with higher commodity costs. that's your business flash update. pot profits. why investors once larry of investing in u.s. focused marijuana stocks are not changing their mind and heading into marijuana. from new york, this is bloomberg. ♪ >> summer camp for the ultra-wealthy teaches kids how to stay rich. i am suzanne and i cover wealth for bloomberg news in new york. for many people, the thought of summer camp brings images of roughing it and summer cabins. and the reality for some millennials is radically different. ically different. >> needless to say, that is not where your children or my children went to camp. for bloomberg. from bloomberg world headquarters in new york, this is bloomberg markets p are i am scarlet fu p release of am lisa abramowicz. it's get to mark crumpton. mark: wow, new jersey. six minutes its women seated in the trial of paul manafort, president trump's former campaign chairman is facing tax evasion and charges. rest of his life in prison if convicted.

fruits and vegetables every year, and turns them around and sells them to companies ranging from kroger to whole foods the ceo here tells me that each can is now costing them 2.5 cents more because much the tariffs. he says that pacific coast producers does not produce its own cans brsh they buy them from a supplier who is passing those costs on to them, and it adds up to about half of the co-op's annual income. wilbur ross holds up a can of campbell's soup and says it only adds .6 of a cent to cans. the manufacturer says the tariffs will add an extra penny per can or a total of $1.1 billion in extra costs for the u.s. can industry. just last week the ceo of coca-cola said the price of the company sodas will go up as a result of the tariffs, and anheuser-busch told nuss a statement a tear of on aluminum is a tax that threatens jobs in the beer industry and has the potential to raising the cost of brewing in the u.s the ceo believes that ultimately he will have to pass those costs on to his retail clients, which will eventually hit consumers. back to you, guys. >> thank you very much adi