others, including kroger and mcdonald's, do allow weapons inside., jericka duncan has the otory of a woman who is challenging kroger's gun policy. >> reporter: you received a phone call. >> i did. >> reporter: who was on the other end? >> my son. ra reporter: what did he say? >> that his grandfather was shot. >> reporter: kellie watson lost her father, 69-year-old maurice stallard, to gun violence last totober. while shopping for school supplies with her then-12-year- old son, stallard was shot and killed inside this kroger socery store in louisville, kentucky. >> to have been taken from us in the way that he was taken because of someone else's hate is-- it's unbelievable at times. >> reporter: police arrested gregory alan bush. j was indicted by a federal rrand jury for hate crimes. watson, along with her mother, charlotte stallard, recently filed a lawsuit against kroger. it describes more than two dozen gun-related incidents, resulting in eight deaths, inside and outside of kroger stores nationwide. ou you don't need a gun to buy groceries. po re

watson, along with her mother, charlotte stallard, recently filed a lawsuit against kroger. more than two dozen gun related incidents, in the last several years, resulting in eight deaths, inside and outside of kroger stores nationwide. >> you don't need a gun to buy groceries. >> reporter: ron johnson is the stallard family's attorney. >> you can't carry a gun into your school, you can't carry a gun into the courthouse. why? because we know it's dangerous if people bring guns into those places, and what we're simply saying is grocery stores need to do the same thing. >> right now, kroger does not have a policy prohibiting customers from bringing firearms into their stores. the company released a statement on its website stating that their longstanding policy on the issue is to follow state and local gun laws and to ask customers to be respectful of others while shopping. watson hopes her lawsuit will help make public spaces safer. >> we have to do something to try to prevent these things from happening again to others. >> jericka duncan cbs news, new york. >> quijano: up ne

>> kellie watson is suing kroger after her father's murder and hopes kroger will ban guns from its storeshers especially in open carry states like kentucky, do allow weapons inside. watson says stores won't be safe for everyone unless something changes. >> it was unbelievable to hear the fear and panic in his voice. >> kellie watson says she was just finishing her work day last october when she received a phone call from her 12-year-old son. >> reporter: what did he say? >> his grandfather was shot. >> reporter: watson's father 69-year-old maurice stallard had been shopping for school supplies with her son at a louisville, kentucky kroger, when a gunman opened fire killing two people including stallard. what do you think stopped the alleged gunman from shooting your son? >> because he ran. that's it. >> reporter: watson's son survived. >> if he hadn't run i would not have my son or my father right now. >> reporter: gregory alan bush was indicted by a federal grand jury for hate crimes. this october a judge will determine if bush is mentally competent to stand trial. >> to think this man a

watson along with her mother charlotte recently filed a lawsuit against kroger. it describes two dozen gun-related incidents resulting in eight deaths inside and outside of kroger stores nationwide. >> you don't need a gun to buy groer ris. >> reporter: ron johnson is the family's attorney. >> you can't carry a gun into your school or the courthouse. why? because they know it's dangerous if people bring guns to those places. what we're simply say iing is grocery stores need to do the same thing. >> reporter: kroger does not have a policy prohibiting customers from bringing firearms into their stores. the company released a statement on its website stating their long standing policy on the issue is to follow state and local gun laws. and asking customers to be respectful of others while shopping. watson says she hopes her lawsuit will help make places safer. >> we have to do something to try to prevent these things from happening again to others. >> reporter: cbs news, new york. >>> up next, why some fresh water lakes and ponds are (flight attendants) ♪ when you h

kroger will start selling walgreens beauty products as well.a growing trend liz in the retail landscape partnership. not only walgreens and kroger. coles, amazon is joining forces. kohl's and planet fitness. capital one offering peet's coffee. harry's razors are popular with a lot of mend at target. of the creative thinking for retailers. walgreens up nonetheless. liz: kristine that, thank you very much. easy to be sluggish on monday. it is about energy, many forms of it. our energy, plus sector itself. today's top gainer on s&p. today's closer has names he says will keep your portfolio pumping green. we're joined by iht wealth management steve dudash. we watched oil get jerked around all over the place. there is too much supply if you listen to naysayers? >> i like yield. i like dividends. i like companies that i think are undervalued. the whole sector is left in the dust. i'm buying into the u.s. economy. i'm buying into the fact tariff war is more show than real bite. we can give examples of people that are getting hurt along the lines. they

, i have been pointing out kroger gets 100% of its revenue in the united states even kroger is essentially down about 2% that tells you something it tells you that some investors aren't simply taking down exposure to the market overall, which makes sense given how pricey stocks were going into the month of august. right now, this looks a little like early may i have been saying this all day. trade talks broke down in early may. the u.s. hiked china tariffs, the markets were down big time oil down 16%, the vix was over 20 in early may. that's exactly what's happening today in early may, the vix is at 23 right now. bulls say we're one tweet away from a rally going back up again. maybe. the problem is that the positions are much firmer now amongst the two countries than they were three months ago this is not may. now we've got currency issues coming into this there may be other retaliatory measures outside the tariffs that are even more serious that really is what the markets are worried about. this could escalate. there's some technical damage being done the russell 2,000 and the dow transpo

kroger, the supermarket, is now selling vegan eggs. they are completely plant-based.an eggs made from? is it a, pinto beans, b, kidney beans, c, mung beans? cheryl? >> c, mung beans. >> tucker: okay, and for an extra point, what's a mung bean? but first, is cheryl correct, is it a mung bean? >> kroger is now selling vegan eggs made from something i've never heard of, and that would be mung beans. bottom line here is, this plant-based food is expanding rapidly. >> tucker: i've always loved stuart varney but the fact that he admitted that made me love him even more. final question. this is a multiple-choice. the u.s. department announced this week that after careful consideration, what type of animal is cleared to fly as an emotional support companion? mini a, ferrets, is it b, horses, is it c, baby llamas? jesse watters? >> b, mini horses. >> tucker: is it mini horses? >> miniature horses? i could think of a lot of problems with that. >> i don't see any problem with it. i am completely okay with it. they are adorable, they are two to three feet tall, and the ada sees c

>> kroger is now selling vegan eggs. something i've never heard of and that would be mung beans. bottom line here, there is a plant-based food and its expanding rapidly. >> tucker: i've always loved stuart varney but the fact that he made it to the end made him made me love him even more. final question here this is multiple-choice. the u.s. department announces week that after careful consideration, what type of animal is cleared to fly as an emotional support companion customer gives it a come affairs, is it b, many horses, is it c, baby llamas? jesse watters course mark >> b, many horses. >> tucker: is it many horses? >> miniature horses? i could think of a lot of problems with that. >> i don't see any problem with it. they are adorable, they are two to 3 feet tall, and the ada sees cats, dogs, and many horses as approved as service animals. >> tucker: many horses. couldn't drag me away. unbelievable. great job. cheryl, you did a fantastic job. so to you jesse watters, another erik wemple mug. i want you to drink this

kroger major mover on the s&p. kroger up nearly 6, 7% in the final minutes of trade.ly 2%. wall street up 2%. breaking news. we are up odds of not just september rate cut, but the october rate cut, at the october meeting at 100%. bring in milkin institute chief economist bill lee who is a big-time fed watcher. former fed insider. jason cats ubs. that includes wall street. financial center of the universe might not be wall street this hour. it is the fed building in d.c. what will jay powell and company be forced to do at their september meeting next month? >> he at last meeting scared the hell out of everyone, thinking this was one and done, calling it a midcourse correction. he needs to do what the mario draghi did when the ecb was falling apart. we stand ready to do whatever it takes to insure u.s. growth stays put. that is all he had to say. that would allow the market to continue on massive growth streak. he said maybe one and done. that messaging, became so muddled, the markets are confused on top of all the trump tweets and everything else. the correction, maybe

kroger was down as much single . coca-cola has 3% range and same with procter & gamble, herb essentially a 3% range for the highs and lows you see the same pattern lows at the open, and now we're sitting at the highs for the day. not much with the global industrial really not helping a lot caterpillar, very good example, 3 m. almost essentially sitting off their lows for the day here. bank, same situation, no big rally in jp morgan in citigroup of bank of america, particularly still a negative territory there's a couple of stocks that are really helping today that are in the cyclical camp i think the biggest one is apple, down on the day, and look at that, now in positive territory, apple is $220 at the start of the month we're talking about a 10% move in apple in five or six trading days perhaps a bounce back is to be expected tyler, back to you. >> thank you very much, bob. >>> president trump not backing down one iota on china today saying that someone needs to stand up to them eamon javers live at the white house

september but maybe there's some upside in krogers.t own it yet, but i'm looking at it very closely >> northrop grumman has got good momentum, it's in satellites, communication groans, et cetera. >> agree realty, which is one of the biggest tenants is cvs >> thanks for watching "the exchange" begins now. >>> thank you, scott hi, everybody. here's what's ahead, the great rate scare yields are plunging around the world, and that has investors fleeing the stock market again today. we will look at the global race to zero and what it means for your money >>> plus, the man who called it. the strategist who said the ten-year yield was lower and an even bolder defensive strategy he will join us later this hour. >>> and as trade war worries dominate, what the administration's next move may be and how much market pain they are willing to tolerate. dom chu is here with those

retailers had sold the possibly contaminated spinach include kroger and target.nach has a use by date of august 5th. it was sold in stores in illinois, indiana, kentucky, michigan, new jersey, new york, ohio, tennessee, virginia, and wisconsin. >>> meanwhile, verizon agreed to sell its blogging website tumblr. the "wall street journal" reports it will buy tumblr for an undisclosed amount and take about 200 staffers. automatic inc. is also the owner of the popular onloon publishing tool wordpress.com. in recent years tumblr has faced strong criticism for not monitoring pornographic content which verizon banned last year. >>> and nike is taking a step in a new direction. the shoe giant launched a sneaker subscription service. nike adventure club is a subscription for kids ages 2 to 10. the goal is to help out parents who struggle to constantly buy new shoes for kids' growing feet. there will be four pairs a year for $20 a month, six pair for $30 a month or 12 pair for $50 a month. rsheararie? this, i thought, i don't know if it's a great idea. i don't know about yo

. >> i tried to work in kroger but couldn't think of a reason. >> kroger got hit pretty hard yesterdaytic. are you a buyer of a company like kroger. >> no, but i like walmart, target, costco and home depot. >> what are you watching to help decide whether we're getting a meaningful bounce. >> as much as i want our country to be strong against china, it wouldn't be bad to see china go up remember when the uk, you used to focus on that market instead of what's going on at 10 downing street when will we return when we look at the british market as an entity unto itself and not part of a big extraneous issue? >> it's got international earnings, though that's why the pound move has an impact anyway -- >> you and i both know london is the center of the universe, i am not kidding. we've been there together. london is. i am betting that one day we'll be talking about the vibrance of the uk. >> i hope so i hope you're right. >> brexit or not, i guess. jim, presidential tweet. >> oh, yeah. >> a nice shoutout today. >> don't tell my wife, okay. >> he cut a statement of yours >> it's bit of a rheto

kroger is now selling vegan eggs. made from something i have never heard of.ood is expanding rapidly. ashley: it's here to stay. we are seeing it in more variations, more distribution and more outlets selling it. deirdre: when fast food joints put it in burgers that's pretty mainstream. we've tried them. stuart: beyond meat is nicely recovering today. last time i checked, that stock, beyond meat was up eight or nine bucks. there you go. nearly ten bucks higher. 6.8%. deirdre: best ipo to date this year, for sure. stuart: absolutely. ashley: has this been brewing? it's interesting. stuart: the trend towards vegetarianism and veganism, is that the right word, it's exploding. it's reflected in the food that's being put in front of you. deirdre: a lot of people do it for health. a lot of people do it for environmental reasons, socially conscious reasons or just taste reasons. stuart: i've got no problem with it. more "varney" after this. ♪ ♪ limu emu & doug hour 36 in the stakeout. as soon as the homeowners arrive, we'll inform them that liberty mutual customizes

note that walmart and target are taking a lot of share and so conversely, we look at a company like krogers one that is one of the shared donors to those winners. >> yeah, that kind of donor you don't want to be finally, we have gap reporting earnings after the bell today. what are you looking for >> for gap, we're actually expecting same store sales to be negative across all three banners. with gap still down in the down nine to 10% range. old navy for the second quarter in a row, down low single digits we expect pressure on gross margins. we've reduced our estimates there. given the high level of promotional intensity. we are concerned about the, to be a full year guidance. so overall, we are cautious on gap heading into the close but we note that we have heard from a number of retailers this week that have spoken more positively what about they've seen as it relates to back to school trends month to date. >> we'll see if they add to ha optimism or not. paul, thanks very much >> thanks r for having me. >>> to the bond market now, rick santelli tracking the action at the cme. hey, rick. >

walmart has particular strength in categories like grocery, coming at the expense of retailers like krogers certainly other places. there's whitespace is for other retailers to fill. walmart is courting largely a rural consumer, and not targeting and affluent consumer. e-commerce has been the growth in that sphere. that's not where walmart does best. i think there is certainly whitespace out there for others to gain traction and take market share. guy: sara, thanks for your time. on thealzack joining us retail story out of the united states. coming up, a check on the markets. we will figure out why we have seen the euro under pressure, probably down to some comments from olli rehn. an article being published a little while ago that had a big effect, as you can see. the euro trading lower. he's talking about an impactful and significant stimulus package that needs to be delivered in september. the market is reacting. this is bloomberg. ♪ ♪ guy: working news on burford capital, the firm battered a few day back -- a few days back by muddy waters. we are starting to get some news related to ma

kroger stores across the country are rolling out a plant based egg alternative.ore shelves later this month. what would you do for a free honeymoon? hotels.com is giving away $15,000 towards a honeymoon but there is a catch. you need to incorporate hotels.com into your wedding vows. they need to be recorded between now and september 23rd and uploaded to instagram or twitter. the winning couple will be chosen on october 1st based on creativity and originality and that is what's happening now. cheryl: sounds like a good idea. lauren: i wouldn't do it. cheryl: somebody will. we are minutes away from dow component home depot's earnings report, this could move markets. what the retailer could say about the state of housing and the consumer. and is your favorite home assistant giving you up to scammers? the shocking new details, we've got it coming up. "fbn: a.m.." ♪ want to put this song on replay. ♪ i could listen to it all day. and zero minimums to open an account. at fidelity those zeros really add up. ♪ maybe i'll win ♪ saved by zero ♪ cheryl: maybe don't call me,

with this, creating a new headquarters for digital workers, kroger doing the same to attract digital workers. walmart building a 300 acre campus specifically to attract digital workers over the future. if you look at pittsburgh, bakery square they are doing the same. what are the common elements? these workers do not want to work in some soul destroying office park off of the cloverleaf intersection in an interstate highway. they want to be in these urban areas. you can kill two birds with one stone, urban gentrification and rebuilding as well as attracting these workers and these companies. they want a diverse community. a social scene. then there is a weird correlation, it attracts these workers. the positive effects, there certainly is a big correlation. bricks and clicks matter. the third, pretty simple, you can go straight to a spreadsheet. is your educational system producing enough digital workers? i think there's been a mismatch between the academy and the private sector. used to be incredibly strong. look at the miracle of the california university system in the 50s, 60s in

shoppers at 2100 kroger stores will be able to purchase the product, it promises all the great things you love about eggs from the taste and texture but without any cholesterol or saturated fat. the freezing they came to mind is that people are allergic to eggs, so this will help them. >> eggs are one of the foods that one study there good for you, another study they are bad for you. it is like red wine and coffee, there's 1 million things that one week is okay and another week it is not. >> went has hamburgers been good for you? >> it is like hamburgers. >> it is the plant-based thing they are jumping on. >> it makes me feel good, it's really not great for me. >> what is the original tagline? incredible, edible egg? i'll stick to but mother nature gave us. >>> a developing story and the south bay, san jose police are looking for suspects and a deadly overnight shooting, it happened after midnight near the intersection of south winchester boulevard, the officers who got to the scene said a ton -- saw two men suffering from gunshot wounds of the street, one was taken to the hospital an

my signature doesn't match from kroger to cvs. >> this seems like the most important thing she couldsibly be doing now, given that she's decided not to run for president. >> there's no question about this. let's be very clear, she should be governor of georgia right now. i think if there was an accurate count of that election, and people were allowed to vote, she would be governor of georgia. stacey abrams demonstrates the problem here which is that you have one political party, the republican party that aims to prevent people from voting, and the goal in our democracy should be to have as many people as possible voting. and even the two obama elections, which were relative landslides, we had people standing in line for eight hours. we devoted enormous resources to allow people to vote. the most important thing we can be doing heading into the next election is making sure people are registered. making sure people understand all of these hurdles that are thrown up for people to vote, particularly if they're from minority or marginalized communities in the country. i should add, this a

a sense of relationships from your vegetable business with walmart, whole foods, trader joes and krogerbe willing to take your cannabis and you sell it to them white label and they make cbd products out of it of their own? >> that's absolutely on the radar screen it's taken a lot over 30 years to have these relationships and it's a great company and you don't just get in the door easily if we can leverage that up even though they are different departments, at least we're coming in with a reputation of selling most retailers in the u.s. and canada over 30 years and look forward to doing that as well as developing or purchasing our own brands as we move forward so yeah, that's all on the table. >> all right terrific congratulations. good quarter sorry you had to report during a rough time for the market. too bad. thank you. that's michael degi glio speculative but low-cost producer of a commodity which is what this is interesting stock. stick with cramer. and you should be mad at simple things that are unnecessarily complicated. but you're not mad, because you're trading with e*trade, whi

stocks not normally associated with trade kroger 100% of the revenues inside the united states and yet it also is trading down, just a little less than 2%. the vix at 23, a lot of people point out the similarities with may, the vix went up to 23 in may, same concerns, china trade war, retaliations, this may not be the same thing, though. this is more complicated now that we have currency issues involved very heavy volume in the plain vanilla etfs, spiders, russell 2000 this makes a lot of sense. traders reach for protection, they go buy puts the marketmakers who sell them, they have to go out and short the market as well and they use etfs. a lot of this is internal activity from traders reaching for protection and you see the secondary knock on effects in the heavy volume in the plain vanilla etfs like s&p 500. >> bob, thank you. back to you. that's bob pisani on the floor nasdaq down for its sixth straight day uptown to bertha coombs. >> bob is talking about plain vanilla, more like rocky road here the nasdaq on pace for the fifth worst ever point decline it is rare to see a day when

and we are seeing weakness in equally defensive consumer staple names today general mills, kroger, kraft i do think that dom is on to something, smuckers on poor earnings and guidance, i think that is impacting the group overall because remember smuckers talked about deflationary pressure in coffee and pea about nut butter that would influence many of the other brands >> that would certainly explain it let's talk about the moves in the bob markets and the ongoing trade dispute. both putting pressure on the federal reserve to cut interest rates. bill dudley is asking the fed to take a stand, he writes donald trump's trade war with china keeps yu7bd mining the confidence of businesses and consumers worsening the economic o outlook. he says this presents the federal reserve with a dilemma, thoo is mitigate the damage by providing offsetting stimulus or refuse to play along dudley says if the ultimate going is a healthy economy, the fed should seriously consider the latter approach meaning not playing along. for more, let me bring in portfolio manager at gradient developments, and the fred k

walmart's earnings and their ability to maintain that price discount gap that they have relative to the krogers, relative to target but back to this macroconversation, i look at the equity market right now in the u.s., you say to yourself, august is giving you kind of exactly what you expected. really to me the wall of worry is east asia >> i'm going to push you on that i'm going to push you on that for a second august is giving us what we largely expected i be together differ >> why >> because the fed is going to cut rates and that was going to clear the runway so to speak. >> yes >> for stocks to go higher that's not what we got we got the fed cut then we got the unexpected tariff tweet and that changed everything >> of course >> that changed everything the stockmarket hasn't been the same since that day. >> that came as we came into august and we highlighted how the dynamic of the market changed because of the suggestion that you are going to put 10% on $300 billion worth of goods. so the volatility should be present given that tweet >> that introduced a whole new level of volatility. >> it

krogers. i do not own it yet, but i'm looking at it very closely >> northrop grumman s got good momentum, itn sateites, communication groans, et cetera. >> agree realty, which is one of the biggest tenants is cvs >> thanks for watching "the exchange" begins now. >>> thank you, scott hi, everybody. here's what's ahead, the great rate scare yields are plunging around the world, and that has investors fleeing the stock market again today. we will look at the global race to zero and what it means for your money >>> plus, the man who called it. the strategist who said the ten-year yield was lower and an even bolder defensive strategy he will join us later this hour. >>> and as trade war worries dominate, what the administration's next move may be and how much market pain they are willing to tolerate. dom chu is here with those numbers. >> the market pain is a lot less than what it was in the first hour or so of trading when the dow industrials fell by over 550 points at that stage right now we're o

look at kroger, they get 100% of the revenues inside the united states this tells you something it tells you that some investors are simply taking down exposure to the market overall, not sector just taking down exposure. the vix is back over 20. guess what that's exactly what happened in early may. it too was over 20 at the time bulls say we're one tweet away from a big rally maybe. but the problem is the positions are a lot firmer right now also some technical damage being done russell 2000 transports now below their 200-day moving averages kelly, back to you >> bob pisani, thank you >>> let's get more with kayla now. >> yes, the tit for tat as china did not only stop fentanyl coming in as they agreed in december but china is not purchasing more agriculture products which president trump believed china committed to back at the g20 in japan. but now china is saying we're not going to be purchasing any u.s. agriculture products. so it could potentially stop those purchases all together, according to a report in the state news agency. in this report it calls it a serious violation of agre

when amazon announced the acquisition of whole foods, the value of kroger, its value declined a third>> it's not just a matter of being big. it's also the structure of its power. >> stacie mitchell is co-director of the institute for local self-reliance, a nonprofit that studies economic concentration. >> a handful of big companies have taken over large swaths of our economy. >> we often try to understand amazon by talking about all the different businesses that it's in. a more accurate way to understand amazon is this is a company that wants to control the infrastructure, the rails that other companies need to use in order to get to market. >> the infrastructure -- >> infrastructure. >> infrastructure lets entrepreneurs do amazing things. >> in addition to the retail platform, the cloud is another area that is essentially infrastructure. >> speed is a really important part of the culture at amazon. >> we're trying to enable really any company or any government to be able to run their technology infrastructure on top of our technology infrastructure platform. >> though a lesser known

when they announced the acquisition of whole foods, kroger declined a third. >> stacey mitchell is codirectorthe institute for local self-reliance, a non-profit that studies economic concentration. >> a handful of big companies have taken over large swaths of our economy. >> we try to understand amazon by talking about all of the different businesses it's in. this is a company that wants to control the infrastructure, the rails that other companies need to use in order to get to market. >> the infrastructure -- >> infrastructure lets entrepreneurs do amazing things. >> in addition to the retail platform, the cloud is another area that's infrastructure. >> speed is really important part of the culture at amazon. >> we're trying to enable really any company or any government to run their technology infrastructure on top of our technology infrastructure platform. >> the lesser known part of amazon, amazon's cloud business has been instrumental to the company's bottom line. >> amazon web services took over the web basically in a decade. >> when technology journalist started noticing the growing f

koch supplies chicken nuggets to burger king, kroger and walmart. one year ago, almost to the same week, the same company, koch agreed to a lawsuit, another filed on behalf of workers by the equal employment opportunity commission. the $3.75 million settlement came after an eight yearlong legal fight. the workers at eeoc allege this koch subjected hispanic employees and female employees to a hostile work environment and treatment based on their race, national origin and sex, and then retaliated against those who complained. many of the workers seized in wednesday's raid were represented by a union, the united food and commercial workers union which is now trying to organize legal help for those workers. bishop joseph copatch head of the diocese of jackson, mississippi, said in the jesuit magazine america this week, some of the families affected by the action appear traumatized and though about 300 of the 680 people arrested were released on thursday, the effect of the raids will intensify in the coming weeks. koch has a rocky history with black farm

retail is an ever broadening array including many large companies like walmart, ebay, target, safeway, kroger, not to mention large and growing global competitors like ali baba and rock time. amazon's success in retail depends on our partnership with third-party sellers that sell their products right alongside our own products. we have invested heavily in the sellers and they are growing twice as fast as amazon's own retail and make up 60% of total sales in our stores. these businesses are small and medium-sized firms and last year almost 200,000 of them sold $100,000 in our stores. amazon supports these sellers because we have a strong incentive to do so. the broad selection and price competition they bring to our stores are attractive to our customers with our selling partners provide the vast majority of new product in our stores. we know sellers have other ways to reach customers so we invest in them, support them and make continuous efforts to improve their experience. we have dedicated teams assigned to supporting sellers, launch new tools to help them increase sales and spend significa

following the whole foods amazon announcement of the deal and that proved to be a buying opportunity and krogerot of opportunities of revenue and income streams they're working on and the bar has gotten pretty low in terms of expectations, the stock has been pretty beat up between competition from a walmart or a resurgent target to amazon, whole foods and a low margin business where food, you know, is a tough one >> always has been cl kellogg is the fourth biggest gainer on the week >> driven by pricing, we saw so much against the food space. also not one of the better performers the new kamz s came in better strong reports from food, household products and beverages. >> keep your eye on amazon, we're back to levels that we last saw around june 10th. down about a percent, 1836 as the pentagon delays awarding this $10 billion cloud contract that amazon was expected to win until the new defense secretary expert can review it and all those rivals complained, the president mentioned this yesterday. >> and amazon under a sort of sharper microscope there also watch etsy, this was an earnings report,

i made a joke about the food stocks being down 2% yesterday that's a sign when kroger is down almost 2%, it's a sign they're taking down exposure, they're not just reducing industrials, they're taking exposure down to the overall market that's a sign here that you've got a problem when people don't want to involve themselves in simple things like food stocks you can see this sort of mixed today. so the market took down a multiple on the overall stock market yesterday if this keeps going, if things get more complicated, they're going start taking down earnings numbers. they already have essentially. we've been point this out. put up the second quarter earnings estimates now all the big cyclical sectors had negative numbers for the second quarter. materials, energy, industrials, technology, all down compared to the second quarter of last year. these numbers with the possible exception of industrials, they're all down again for the third quarter. that's because they have slowly been taking down the estimates the hope here is that this year will be flattish that's the word i've been usin

. >> kroger, we are about 85,000 locations and about to launch in wal-mart next week.le need to eat, people are far more health conscious than they were 10, 15 years ago and we are playing in that space in category, and just, i think, just in general it's a great -- jon: what's it like breaking into the u.s. market with the product and how does that compare to breaking into the market on earlier product that is you say you were involved in? >> i think for us we were focused on bringing something different to the category and really innovating, so we were able to break into the market very quickly, people loved what we were doing, they loved our innovation, it's not easy for everyone to break into the market, you need to be adding something different, so i wouldn't advise launching another water brand, for example, it's a very competitive space. dagen: how did you identify this opportunity, how did you know, i know that you -- as you said, started, had a food business in the uk, how did you identify -- how did this come, get in front of you? >> great question. so i had

it's expanding its relationship with the grocery store chain kroger. come on in, alexander salgano, ceo of veritas farms. i've got a technical question to start with. how do you get the oil out of the plant? how do you -- what's the technical process of getting oil out of the hemp plant? >> sure. good morning, stuart. thank you for having me on. basically, we start -- we are more than just cbd. we are full spectrum oil product. by that i mean if we start with the hemp plant, we grow it, we harvest it, then we dry it. from there, we take the leaves and the flowers and we run it through the extraction machine to produce the oil. stuart: what's the extraction machine? what's the extraction machine? >> it's an ethanol based extraction machine. stuart: okay. >> where we run the leaf. stuart: relatively simple process, easy to do? >> it's not simple but we over the years have been able to perfect it. stuart: lot of people say this cbd is just a passing fad. what do you respond to that? >> we don't believe that at all. if you look at what's happened over the