kroger is a $34 billion company.idn't realize how massive berkshire hathaway has become but it has not grown as much in percentage terms this year. dave: through the first half, berkshire and kroger track each other pretty closely. since the second half began, kroger has taken off while berkshire is running in place, if you look at the class b shares. you could do the same thing with class a, but it would tell you the same thing. kroger has been on a roll in the stock market. with berkshire buying more shares, that is definitely a plus going forward. matt: class a shares going for $434,000. class b shares are heckuva lot more affordable. dave wilson with our stock of the hour. children across the country are heading back into the classroom. we discuss the risk of the delta variant and the safety measures in place for teachers, students, and bus drivers. the president of the largest teachers union in the u.s., the national education association, becky pringle will join us. this is bloomberg. ♪ ♪ matt: this is bloomber

let's start with the idea that kroger is focusing on vaccine equity.g vaccines is part of that. >> eva, thank you so much for having us and we're so proud to be here. we're excited to share some of the things that we're doing especially around health equity. health equity really is how do we equitably get vaccines in the arms of all americans despite anything to do with income, race, where you live, what communities you're from, we just really want to make sure we get shots in arms around the country. >> and why is this renewed push for vaccinations so important right now? >> well, as you know, this delta variant is about twice as infectious as other variants. it's causing severe disease. we have just over the last 14 days about 113% increase in the number of new cases in the u.s. and this is very alarming. despite having 50% of the population vaccinated, we believe that this extra push to get shots in arms is incredibly important to further end this pandemic and get us back to a place where we were previously. >> you're kroger's medical expert. what a

who are target and kroger? companies that people wrote off.y decided you know what, cornell, there's nothing you can do mcmillan, rodney mcmullen, i said come on, man, cheer up. it's better than that. come on. he's like, hey but he delivered, quietly delivered. wow! >> that's amazing. you have a couple reiterations, goldman reiterates tesla stanley reiterates t-mo. >> it's no longer john ledger, who comes on air and says hey, those who are selling my stock you're a bunch of idiots and morons go buy "dumber & dumb" or "dumb & dumber." if you look at the stocks of at&t are horrendous. it got a lot of epoxy disney was down yesterday. that was an opportunity after that blowout quarter they're at 177 bob has got the -- listen, if it's covid, we've got disney plus if it's not covid, we've got theme parks. in the previous quarter, i thought he emphasized disney plus way too much. the problem with a stock like disney is the conference call is so analyzed and parsed this time it was 51% theme park, 49% -- the guy is really expert disney plus. but befor

kroger's chief medical officer joins us live.

more businesses are taking steps to protect customers and kroger, apple, publix are either requiringmasks in stores. walmart is doubling bonus paid to employees for getting the shot from $75 to $1n in the com theater owners say audience members will have to show proof they've been vaccinated for covid-19 and will have to wear masks. those rules are expected through october and could be extended beyond that. that's your cbs money watch report. for more head to cbsmoneywatch.com. at the new york stock exchange, i am elise preston. >>> to a test of endurance to honor first responders who died on 9/11. >> kenny choi shows us the unbelievably ambitious bike trip from the bay area to new york city. >> reporter: part one of a 40 day ride ahead of the 20th anniversary of 9/11. >> from the san francisco bay area all the way to the east coast. >> reporter: this was the easy part, jumping on the ferry with bicycles from san francisco to vallejo. >> brooklyn here we come. >> reporter: the next six weeks as they trek across country sometimes cycling more than 120 miles in a day all to honor those

and kroger is now strongly encouraging everyone to wear a mask regardless of their vaccination statusies are making the change as the delta variant spreads through less vaccinated regions. >>> zoom has reached an $85 million settlement over privacy concerns. a lawsuit claimed the company violated users' privacy rights by sharing personal data with facebook, google, and linkedin. it was also criticized for zoom bombing, that's when a hacker joins a video call. zoom subscribers who are part of the class-action lawsuit could receive $25 or 15% refunds on their subscriptions. >>> and despite covid concerns, "jungle cruise" sailed to the number-one spot at the box office. >> legend has it that there is a tree that possesses unparalleled healing power. it will change medicine forever. >> you need someone to help you find it? here we go. >> the movie brought in more than $34 million over the weekend in north america. it also earned more than $30 million from disney-plus. the film which is based on the disney theme park ride stars dwayne johnson, emily blunt, and paul giamatti. i love the cas

walmart, target, and kroger are among many stores either requiring or encouraging the use of masks but in florida,governor ron desantis is threatening to withhold the salaries of schools who impose masks >> doctors have a warning that it is downright dangerous to compare covid-19 with the seasonal flu 73 million children in the u.s. now at the center of the covid debate, and why covid protocols aren't the same as those for the seasonal flu >> there are more differences between the seasonal flu and covid-19 than there are similarities the only similarity is they're both airborne. >> reporter: pediatricians say comparisons reveal clear differences on almost every level. >> number one, we don't even have a vaccine for children under the age of 12. >>> two-thirds of american children get the seasonal flu vaccine, and 90% of child flu deaths are among the unvaccinated more children have now died from covid than any flu season in recent memory, about 400 so far. on average between 34 and 200 children die from the seasonal flu each year. as schools return, covid case counts are surging >> del

that is not even mentioning amazon and walmart and rocher who have their own -- kroger who have their own large grocery businesses. emily: thank you so much for joining us. thursday, you do not want to miss my life over station with the ceo of uber. we will get both of their perspectives on the results. sticking with earnings, rare quarterly earnings. they were hurt by the $800 million cost of the recall. take a listen. >> we will be very fluid. right now we work daily for the team. we are looking at making sure we understand the semiconductor situation. we are allocatingwe are allocats currency. it is more like an entire operating system empowered by blockchain. do you see ethereum surpassing bitcoin someday? do you see less volatility after the seven raid -- this upgrade? >> it has characteristics of a cryptocurrency. there is storage on the network. it surpassed the bitcoin ecosystem a long time ago. in terms of transaction number per day. in terms of transaction value. bitcoin is a brilliant use case. but it is a fraction allies and ft in its own right. there is a platform for dec

that is not even mentioning amazon and walmart and kroger who have their own large grocery businesses. emily: thank you so much for joining us. thursday, you do not want to miss it. my live conversation with the ceo of uber. also the lyft president will be joining us. we will get both of their perspectives on the results. sticking with earnings, rare quarterly earnings. the carmaker hurt by the $800 million cost of the recall. following chevy volt battery fires. mary barra telling the company they are dealing with a semiconductor shortage. take a listen. >> we will be very fluid. right now we work daily for the team. we are looking at making sure we understand the semiconductor situation. we are allocating chips to our highest demand. to take care of our customers and also the vehicles that are in plants and have capacity constrained. you will see us continue to do that. emily: gm raised its guidance for the full year. coming up getting a major , upgrade. the hope of ensuring faster transactions and more transparency. we will take a look at the update and how it could shakeup the alre

kroger, walmart, all of them. >> you have been able to adjust to whatever covered restrictions in placeventions? >> whole foods has the duty and responsibly to keep team members safe so i am proud of the fact that our company was in front of lot this and partly because amazon is out in front on it and we ended up, we've been recognized in a couple of different publications is the safest supermarkets in america during covid so most people have copied a lot of all food doing masks to disinfecting to cleaning to temperature testing and things like that so i think we have been successful in terms of infections and the number of people who have died. it's a relatively small. pretty low. make no mistake, it's been a difficult year even with sales up. everybody wearing a mask, everybody is social distancing, whole foods is a huggy culture, nobody is hugging. you do elbows were kick feet with each other and that's not the same. people aren't socializing as much so i say whole foods made cultural deposits for a number of years. 2020 has been making withdrawals on the deposits. >> tumor questions

scared of losing our precious immunimmunity same as pfizer and warren buffett added to his position in kroger again domino's, people are staying home ordering delivery the buyers, campbells, kellogg's, smucker's, with a name like that its stock better be good. wow. the problem with this kind of rotation, it's stupid? no, it's that lazy thinking i keep telling you about remember, home depot didn't actually miss its revenue or earnings numbers the same-store sales only came in a tiny bit shy and the pros are still building different buying patterns. no reason to panic get this, what happens if their arch rival lowe's whose stock was down big today reports and says it had none of those problems honestly it wouldn't shock me. the c of leasowe's is fantastic his job. what happens if the fed watches our show and says, why don't we wait a couple of months? the wholesale re-evaluation of everything each day that i come in here is why i feel like this is a say good-bye to tranquility market we thought we had a smooth transition to spending on home to travel and leisure with no let up in between? somet

now people want to go to the grocery store or kroger and take care of their pets this is a winner long-termt's a different fat cat play in a different way cate faddis. industrial cannabis real estate. thank you, cate. that wraps it up here on "worldwide exchange. i'm off tomorrow "squawk" is next have a great day to] ♪ try to be best 'cause you're only a man ♪ ♪ and a man's gotta learn to take it ♪ ♪ try to believe though the going gets rough ♪ ♪ that you gotta hang tough to make it ♪ ♪ you're the best! around! ♪ ♪ nothing's gonna ever keep you down ♪ [triumphantly yells] ♪ you're the best! around! ♪ [ding] don't get mad. get e*trade and take charge of your finances today. ♪♪ it's taken a lot to get to this moment. get e*trade and take charge of your finances today. ♪ grew up at midnight - the maccabees ♪ dreams are on the line. you got this. refresh... it all, comes down, to this. ♪♪ >>> good morning the senate inching closer to a deal on infrastructure with the vote set for this morning, but hard fought crypto amendment was blocked yesterday. we'll explain what happened. >>> amc shares ju

the company buying up kroger shares as well berkshire slashing the stake in gm during that period. that's the latest. dom, back to you >> frank holland, thank you. >>> when we come back, your morning big money movers including roblox taking a dive a similar story for shares of chinese technology companies under pressure again on new regulatory fears you see a late of those things going down we'll go live to china for the latest there. >>> and big morning for retail earnings with walmart and home depot reporting on deck. we have a busy hour eaahd when "worldwide exchange" returns after this break my credit card debt. i needed just one simple way to pay it all off. it was an easy decision to apply with sofi loans, just based on the interest rate and how much i would be saving. there was only one that stood out and one that actually made sense and that was sofi personal loans. it felt so freeing. i felt like i was finally out of this neverending trap of interest and payments and debt. ♪♪ i've loved trucks since i was a little girl, interest an and now i get tobt. drive the biggest, co

you have -- they have continued to cut back on drugmakers although they ramped up on kroger and disposedstake in the mark spinoff. they also invested in barrack mining. let's take a look at some of the moves by george soros because they indicate -- the firm owned by george soros. the dumping of additions tied to the archegos implosion to it all the shares act up in the first quarter. viacom, tencent, discovery appeared to have been sold the same amount sold in the second quarter. that includes a lot of the chinese adrs. they did boost their amazon position. it also looks like the love a fire hedge funds have -- love affair hedge funds have had with tech stocks may be over or taking a timeout. a lot of funds appear to sell faang stocks into the rally. they were hot on fintech and spacs notably. haidi: looks like investments tied to the pandemic are being favored by these big investors. su: a lot of action to pandemic related stocks. doordash picked up by two prominent hedge funds pig chase comte -- prominent hedge funds, they all either added to or engaged in new positions. a name that be

companies such as kroger, under armour, encz up ole are pushing up hourly wages to try to retain employeess are scoring the biggest pay hikes since the early 1980's. wages for the leisure and hospitality have risen at an annual rate of 6.6% in the last two years. this is for tom. the past late of the final levels of the cfa analyst exam plunged to a historic low. only 42% of applicants past in may and june. the cfa institute says changes to test schedules to the to the pandemic and resulting disruptions to study habits hurt the pass rate. messy as a new team -- he has agreed to join paris saint ge rmain. he is considered one of soccer's all-time great and spent the entire year with barcelona. salary requirements prevent a new deal with the team. global news 24 hours a day, on air and on quicktake by bloomberg, powered by more than 2700 journalists and analysts in more than 120 countries. i am ritika gupta. this is bloomberg. ♪ >> there are ways to address wealth inequality, and the fed does not have them. there is taxes, there are transfers. the fed cannot go this alone. the idea that rais

companies such as kroger and chipotle are pushing up hourly wages to twice of what they are paying employeesrs are offering hiring bonuses. it is the biggest pay hike since the early 1980's. wages in the hospitality industry have risen at an annual rate of 6.6%. the u.s. is preparing to send coronavirus vaccines to mexico. mexico has amassed -- is among the countries hardest hit by the pandemic was almost 250,000 deaths. the u.s. will send mexico vaccines from astrazeneca and moderna. in china, the central bank is fanning expectations of further monetary easing. the people's bank of china said that inflation pressures are controllable. at the same time, the bank highlighted risk to the economic growth outlet. economists are calling for interest rate cuts. a billionaire industry is considering a bid to put deutsche telekom. the german company is seeking $5.9 billion. it relies on market value. a game -- deal would represent a world purchase in europe. global news 24 hours a day on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i am ri

the queen of luxury health style brands, goop maven, and woman who will never be hired to do the kroger'sne's display again, gwyneth paltrow. but gwyneth isn't the only celebrity in the pseudo-wellness-holistic-lifesty le brand space. i also have a luxury product line, and daddy wants his slice of the artisanal ventilator. which is why my own high-end lifestyle brand, covetton house, is proud to introduce its own healthcare collection: covetton med. >> baroque simplicity. shabby elegance. give me money. covetton house. >> stephen: welcome to covetton med, where we know your health is almost as important to you as your money is to us. has long covid left you with engorged wallet? then you must visit our new wellness spa, which offers a traditional rotisserie detoxification ritual. our therapists will lightly season you in salt, pepper, smokey paprika, and a little extra virgin olive oil, then toss you in a ziploc bag to marinate all your parts, then roast you at 450 degrees for about 30 minutes, depending on your thickness. will you still have long covid? yes. is this just my aunt's recipe

. >>> kroger will help administer shots once available. president said it will deliver 1 million shots a week. right now covid-19 booster shots are only approved for immunocompromised americans. it could be made available to the general public next month. >> count down to the boosters is on. elise preston, we appreciate it. thank you. >>> new, the reservation app open table is partnering with clear to use digital vaccination verification. if a restaurant has a vaccination requirement open table users will be notified with a banner from clear. they will have to create a clear account and then scan a passport or id card to get verified. the program is expected to launch next month. >>> a live look athe sales force building in san francisco. the software company's stock has jumped more than 75% since the start of the pandemic. sales force posted revenue yesterday up 23% from the same quarter a year ago generating earnings per share of 56 cents. jump was fueled by pandemic demand for cloud services. >>> major construction fix to stop san franc

to the likes of big winners like target, kroger that underperformance is even more flaring in short, wells said you should buy walmart because it's relatively cheap with this push, just that and nothing more common sense the stock rallied more than $2.65 today. almost 2%. more important, it broke out of a tight range. we own walmart for the charitable trust my first instinct when i saw it go up today was, back over even. let me out of this thing but you know what that did, that violated an old truism that i came up with probably 30 years ago. it's called the stuck in the mud truism that means lots of investors have viewed walmart as stuck in the mud. now they will buy it hand over fist they say hold on, i want in. that's precisely what i think happened here. the walmart money strange is leaving the station. >> all aboard. >> plenty of other big name stocks left behind take uber. hon left i, take uber. this is down 15% for the year. this morning the ceo told us on "squawk box", not on squawk in the street just in case you're wondering. on "squawk box", business is better than expected

looking at lifeblood for the company which is cash flow and you're getting very important names like krogery strong recommendations on. so these are good quality stocks. liz: it is great to see you, sam. thank you for your picks. [closing bell rings] here it comes with the closing bell. nasdaq closing above 15,000 for the first time ever. it is time for "kudlow". ♪. david: hello, everyone, welcome to "kudlow" david asman in for kudlow. the president woe speak at noon, that he would speak at 2:00, 2:30. then we're told during this or the next hour.

kroger is offering employees a one-time payment of $100.get vaccinated, they can get up to four hours of paid time off, and then there's vanguard, the asset management company just this week told employees that if they show proof of vaccination they can get $1,000 as long as they show that proof by october 1, $1,000. leave it to wall street to figure out a way to really get the attention of the unvaccinated. >> that's an incentive for you. matt egan, thanks so much. >> thank you. >>> and thank you for joining me. i'm victor blackwell. "the lead" with jake tapper starts now. >>> the new warning about variants even worse than delta. "the lead" starts right now. 95% of the country is now seeing a substantial amount of covid spread as the delta variant takes over, but there is some good news. then, within two hours our town was gone. a whole community essentially wiped out by a wildfire. we are live on the ground. plus, five days straight of cancelled flights leaving passengers stranded and angry. how long will it

have you seen kroger >> not recently, no. >> that's a remarkable turnaround for the largest supermarkethain is fantastic now the largest grocer in the didn't is walmart. >> walmart, yeah >> guys, i want to talk spacs a little this morning. >> it was kroger of course i did want to come back to spacs, guys. this theme i hit on yesterday, enormous amount of shares being redeemed on deals that are closing. shareholders vote in favor but more of the shareholders than not say i'm out of here. i want my 10 bucks two today, gwac with cipher mining 76% of the shares were redeemed. 76%. you had 87.9% of votes cast during the meeting representing about 57% of the outstanding shares as of the record dating voting in favor. deal's going to close, but it's going to close with a lot less cash than they had because 76% of the spac holder said i want my money back. tortoise acquisition 2, with volta industries, that's an ev charging company 96% of the votes cast at the meeting were in favor of approval, but 70% of the shares redeemed 70% said, no, we're out of here. and again, this is having the effect

>> companies doing whatever they can to get their employees vaccinated including cash incentives, kroger, mcdonalds, bolt house farms offering incentives. vanguard is offering the workers $1,000. other companies even before mask mandates said you can have time off to get the shot. timeoff to recover, if you have and adverse reactions. they're trying to get a vaccinated work force so things can get back to normal. >> absolutely. thank you. >>> this is a huge news out of albany. top aid to governor cuomo resigning this morning. now one of the women accusing him of sexual harassment is speaking out for the first time. , the united states postal service is changing with it. with e-commerce that runs at the speed of now. next day and two-day shipping nationwide, and returns right from the doorstep. it's a whole new world out there. let's not keep it waiting. we've got you taken care of, sgt. houston. thank you. that was fast! one call to usaa got her a tow, her claim paid... ...and even her grandpa's dog tags back. get a quote. what happens when we welcome change? we can transform our workfor

i was just at a kroger two days ago on the speaker system saying that we strongly suggest even the vaccinatedlease wear a mask, because of the delta variant, and half of the staff is wearing mask, and they are wearing masks and so much theater and hygiene theater into this, and the movie theaters and the concert theaters are dying to open up, and put on a mask, and then you can't laugh while you are putting in the popcorn, and stephanie is talking about the inflation, and geoff, i am worrying about the inflation of the delta variant, and if you to shutdown the economy to shutdown this variant, and it is not just about the federal reserve, but it is about all of us either agreeing to take a tepid recovery after unprecedented shock or taking our lumps kind of in one fell swoop to break the back, and i know that i have mixed 2,000 metaphors there, and you know that you are seeing the cultures that the states are seeing bit by bit. >> and stephanie and robin, and i saw you doing the show there, and i was going to text you but i recommend miller's twist and tommy nix. >> moments ago i am saying, w

i was surprised kroger race theory was taught in k-12. it's about law and how despite changes law has embedded race in the legal system. with critical race theory with attackers issues. i think what people have done has made any talk about corey siri anything about race. critical race theory all talk about race. but not all people who talk about race are critical race theorists. i think most of people talking about racist because they are they talk about slavery and so forth. were not doing theory. theory was 67 years old, and i'm not been disingenuous. what's think that is going on. i think there is a concern talking f about topics from what i have read and what people have said that makes them feel bad. you talk about slavery they know the vast majority of slaveholders were white in the united states. africans had slaves too. people they captured they sold. we are talking about americans and their relationship we have another. and we have had. 1776 lystra say that. say you can't talk about those things because it will make white people

kroger shares however are higher after warren buffett increasing the stake in that grocer according toy filing it picked up nearly 11 million shares in the second quarter and moderna getting a lift the stock, the best performer on the s&p since the pandemic lows. up more than, yes, 1300% since march of 2020. ahead on "power lunch," silicon valley tech work hes took to the mountains bidding up home prices in boise but potential buyers have had enough the market on the verge of changing a little bit. our next stop on aur real estate road trip is ahead and as we head to a break. take a look at how the home builders are faring today. they're a little been there is the dow and how it is faring it is off and there are your home builders lower across the board. i've spent centuries evolving with the world. some changes made me stronger. others, weaker. that's the nature of being the economy. i've observed investors navigating the unexpected, choosing assets to balance risk and reward. and i've seen how one element has secured their portfolios, time after time. gold. an element so agile and li

companies such as kroger, under armour, and to are pushing up hourly wages to try to retain employeesg hiring bonuses. the result, workers are scoring to biggest pay hike since the early 1980's. wages for the leisure and hospitality industry have risen at an annual rate of 6.6% in the last two years. alix: thank you so much. the other story we want to be following as well as what is happening with wildfires in california. the dixie fire is still raging, not yet under control. it has already leveled some towns. there was a fund that was supposed to be about $21 billion that would prevent utility from going bankrupt ever again due to any wildfires. there's only $10 billion that sits in it right now. some estimates are already that the damages for the dixie fire are $1 billion, so that money can be depleted really quickly. once it is over, then what happens? how do you come back from this? how do you replenish it and survive when you know that at least in the u.s. in california, not to mention elsewhere, wildfire season is getting longer every year. guy: it is a problem you're facing in

greatly exaggerated and particularly to the point a lot of your anchor stores whether supermarket like krogere a whole bunch of them, dick's sporting goods you can put up the logos you have gap not to mention macy's these are names that people are very familiar with but the new retail concepts you are saying are sprouting from these legacy names, can you give us some examples that are coming to your storefront and revitalizing some of your site centers. >> i take it back one step, you named a bunch of our top tenants, half of them raised over $50 billion last year there flushed with fresh capital and have a low cost of borrowing, what do they do they invent new concept in world amount exporting goods has been killing it in their sales are up 20, 30% and the avenue concept called public lands which is more for the outdoor enthusiast, tjx as a concept called cr trading post their rolling out, dollar general is a rule dollars per company they have started to go after the affluent suburban families so they have a concept that they're starting to rule out there's a lot on the large side that are b

warren buffett berkshire hathaway has trimmed its -- while roosting its stake in kroger.lobal news, 24 hours a day, on air and on "bloomberg quicktake," powered by more than 2700 journalists and analysts in over 120 countries. s in over 120 countries. i'm ritika gupta. this is bloomberg. ♪ >> when i came into office, i inherited a deal president trump negotiated with the taliban. i stand squarely behind my decision. after 20 years, i have learned the hard way that there was never a good time to withdraw u.s. forces. developments in the past week reinforced that any -- ending u.s. military in afghanistan now was the right decision. jon: the president of the united states, from new york city, good morning. alongside tom keene at lisa abramowicz, i'm jonathan ferro. the president at one point seemingly blame to everyone else. richard haass joined us yesterday. the president painted a binary choice of -- he dismissed the third option of afghan continuing to doing most of the fighting with allies in the supported role. this is worth debating. richard goes on to say what cannot

kroger, look at those two. the grocery business is on fire. >> well, walmart is -- they're such a behemoth on so many other things >> i can't comment on walmart. >> if it were to pull back and i could get comfortable with earnings, why i like tj is, a, it has totally disappointed in the last year. it's flat year to date that is because even though sales have been better than expected, margins have been under enormous pressure because of covid now if you want you think -- if dr. gottlieb thinks delta is peaking this weekend, well, this is a reopening people want the treasure hunt in the marmaxs the home goods, the open store only, up 36% comp. my point is, you know, i say this a lot, operating leverage when you have margins starting to improve and can recover, that to me is an inflection point that's what's happening with tj. by the way, i don't be just think it's tj. i think it's ross and burlington as well. i think off-price retailers are taking massive amounts of share. this company, it opened down today, whi

kroger, $100, vanguard $1,000. mcdonald's four hours p.t.o. bolt house farms, $500.ven to people after they've been vaccinated. it does raise the question, i've got to say, in the rest of the world people look at this very strangely, ana, they really do. there is part of the world where they are screaming just to get the vaccine. here in the united states, companies are having to pay people to go and get a vaccine when it's coming out their nostrils in many parts of the city. it's an odd world, but that's the way it looks at the moment. >> the one that was most eye popping to me was vanguard giving $1,000 to employees. that's crazy. richard quest, i wish we had more time. thank you for being with us. >>> it's the question a lot of parents are asking right now. is it safe to send my child back to school? and are we doing enough to protect our kids? i'll ask the secretary of education miguel cardona who is standing by when we come back. it's crispy. it's creamy. it's not your average chocolate bar. smooth milk chocolate, crispy wafer and creamy hazelnut filling. it's k

there were a few additions they boosted the stake in kroger to hold more than $2 billion at the end ofit more to a ron and rh as of june 30th they may have changed in the six weeks or so since then. >> thank you it takes time to go through the numbers. guy you flagged big moves in big cap pharma before we got this move so what is this take on what leslie summed up for us? >> it is interesting listen, i respectfully, i think the berkshire 13-fs are different than five or ten years ago. they had some missteps but you have to take it into consideration. we've been steadfast on a number of names pfizer finally making all-time highs getting through that 43 1/2, 44 huge double top and eli lilly is grinding higher and that is the best in breed and that bio gen moving down to 325, the risk is for that that name so those are the three places would you continue to be. >> okay. karen what do you make of the moves and leslie pointed out these are a bit dated because it is as of june 30th so the positions could change but we pay attention to what berkshire does. >> because they're steady investors,

the nasdaq is down two weeks in a row by three quarters of a percent as you can see from that the krogerren buffett's pathway raised his date by 21 percent for the week in progress near 10 percent and also record highs this week nasdaq winners up to the uk approved a cocktail developed by the company and what is to prevent and treat covid-19 and that stock is up six and a half percent and boeing was the biggest drag on the dow but after a russian airline pulled out of the contract for 20 jets and is star line of capsule was pulled off in the launch pad was signed on indefinitely with a problem valve problem all that combining to get going, nine and one third percent for the week. will that covid-19 fierce benefactors leaving the market starting this week but our countdown closer has a name that he said is primed to cash in and you can cash in on during this period and to carter for the portfolio specialist and director of the institutional development, that is a heckuva title you must have a really big business. carter thank you for joining us with most of america, corporate america stil

edward: on the far left kroger under progressive members of the party running the show?they are running the show there's no question about it and senator mcconnell is absolutely on spot he spot on in the sense look at what they're trying to do with immigration amnesty they're gonna try to tie that in when we look at the disaster that existed at the southern border i would like to think that it's because they're not paying attention and maybe they're ignorant but i think it's a well-planned event that is going on there and they want many people to get into this country right now as they can because they want us to work on amnesty. that's going to lead to all kind of problems. edward: that something we will get on to later on in the show. senator cynthia sent a tweet saying let's be clear three and a half closer to 5.5 trillion package, democrats are pushing is not infrastructure, it's a progressive grab bag of policies you pay for with your hundred dollars through either more inflation or higher taxes later. do you see how your taxes, we talked about inflation do you see

thanks, steve, outside a kroger in atlanta, georgia. meantime here, you're noticing when you go to any store these days, the former ceo of walmart with us right now, bill simon on how long that will likely last. bill, good to have you. walmart shoppers are seeing it as well. i know you try to hold the line on that thing. there's only so much you can control. this looks like it could get out of control. where do you see it going? >> yeah, neil. good to be with you. it's getting serious. the most concerning thing of all the data that walmart crunches, the highest correlation to consumers response is always gas prices. gas prices are such a reflection of where we are in the economy. as gas price goes up year on year, there's a report just told us, 42% year on year, that really puts a dent in the consumer's wallet. so far through everything, covid and everything we've been through, the consumers remain remarkably resilient. as gas prices and food prices in particular go up, we'll see a reaction from the consumer. >> neil: i'm wondering in y

krogers giving it $100. tyson $200. paid time off for mcdonalds and american airlines. vanguard offering $1,000 for staff when they get vaccinated. when they do come back, it's a hybrid meaning a few days in, a few days out. >> neil: many companies are not poking around about it. it's led to some firings. this is a take no prisoner's approach to forcing the issue. >> you heard from microsoft. they side you're not coming in to any of our u.s. faciliies that you have a u.s. vaccination. so it's a different environment that we're going to be working in, neil. >> neil: all right. great reporting on that. taking a look at these companies upping the ante and demanding that you do what is being recommended in new york. the mayor recommending it in new york. a guy that wants to be the next mayor is condemning it saying it's one thing for companies to do this of their own volition but not necessarily being strong-armed by any politician. we'll get the read from them and from dr. francis collins, the nih director. the only thing the good doctor wants is for you to be safe. but ho

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on other side berkshire boosted stake in grocery chain kroger by 21%.lready held shares of merck with a stake valued $712 million. investors want to know what mr. buffett and co are doing. there are highlights from the latest filings, stu. stuart: ashley, i want to know the cryptocurrency expert hired by walmart. what is that cryptocurrency expert going to do? >> well they haven't hired someone yet. i don't think you or are i up to this. looking for someone to lead digital and cryptocurrency department. retailer joining growing companies looking to develop strategies for cryptocurrency such as bitcoin. walmart's job posting says the person it hires will identify customer needs and translate them into product requirements and that he or she will work with product and design teams. okay, not quite sure about that but by the way, amazon posted a similar opening for an expert in digital currency last month. companies including starbucks, home depot are accepting cryptocurrency through third party applications to convert digital currency into dollars. surely

kroger, mcdonald's, vanguard offering paid time off or money to get the shot. 1,000 bucks for vanguardan cruise lines in florida, federal judge says norwegian can require passengers show proof they have been vaccinated before they board. and meantime, vaccinated or not, keep that mask handy, folks. major u.s. retailers changing their plans depending on where you live you may be required to mask up before walking through their doors, we're talking walmart, target, mcdonald's, starbucks they want you to wear a mask in high transmission areas so you'll need to know if that's you. that's the cdc. >> these are the businesses asking to do that. >> they want to get back to normal. and they think masks and vaccinations are the way to do that. they're also being flexible saying amid this covid variant, let's just give it a few more weeks to see where we are and what the numbers look like. >> interesting that there are businesses saying vaccinations and masks are good business. people need to remember that. >> absolutely. >> thank you very much. >>> reopening schools and keeping students safe du

kroger, lowe's, health care has been on fire, regeneron has been strong, a small smattering of tech stocksll cyclical stocks. the delta variant is forcing a repricing of the growth outlook. it's very simple right across the board, energy stocks just horrible occidental down 15 you see freeport, material stocks, growth stories, industrials like boeing were weak and then a smattering of the consumer discretionary stocks, especially in the luxury retail space. so far in august, believe it or not, despite all these worries, it's looking fairly typical. august usually has difficulty with defensive sect -- health care does well utilities usually do well. technology is usually in the middle guys, that's exactly what we're seeing so far. back to you. >> bob, thanks so much for that. victoria, i'll come to you on microsoft, new highs almost every day this week, as bob mentioned. what did you make of that? want to take profits or continue to back its consistency? we like this name, these larger tech names but it makes sense to trim a bit, and pull that movies into some of the more cyclical or value

we still have considerable number of shorts here and the train was go along kroger and go short albertson's, did it, david? >> no, jim, it didn't. >> thank you i want you to demonstrate the same level of enthusiasm for me that you did for matt. >> matt was right a lot. >> ooh >> that's it >> i like the edge >> that was it >> you just betrayed me. >> i would never betray you. >> i'm by your side. >> hey, it's a big ocean >> very good >> albertsons. this is the barclays title win some, lose some. you just lost a ton of money for the shorts which the -- >> i know. on twitter this morning talk about payment of bitcoin >> we should just go to the bronx zoo and do the show from there. >> bronx zoo is awesome. i haven't been there for a while. i used to go there often i miss those days. >> okay. >> you're talking about the stocks amp mc, it was funny up substantially in the pre-market yesterday. couldn't hold. down again at almost 3%. >> you don't think convertible bond he didn't give you that vibe >> he mentioned his own personal holdings and mentioned 67 and at some point would look for diversif

. >> fl cio president richard kroger died this week. a labor organization which he led for more than a decade represents about 12.5 million workers. richard trumka was a third generation coalminer who spent his career in the labor union. he was 72. a number of senators in president biden reacted to the news of his death. >> before i begin, i learned a close friend of mine, richard trumka died today. the reason i was a few minutes late now, i apologize, i was talking to his wife and his son. he was not just a great labor leader but a friend. and, some when could confide in. you knew whatever he said he would do he will do. he was always there, he was an american worker. the ability to build a middle-class life, he also believed the middle-class built america. but i know who built the middle class, you gives. there is no doubt that richard trumka helped build those unions. my heart goes out to barbara, rich junior and their grandkids. i used to always kid him, i was so hard coal country and he was from soft coal country. he said this thin

it boosted kroger's stake, and also sho also sold about 10% of the -- this is about june 30th.ut in the second quarter paring back some of the healthcare exposure. >>> another mover, roblox, earnings are just out. josh >> they reported a loss of 25 cents, unclear if eighths comparable to what the street was looking for. daus up 28%. hours gained up 13%. average bookings per dau 15.41 remember heading into this, the stock was up about 80% from the market debut, down about 20% from the june high back to you. >>> josh, thanks so much for that >>> time for a cnbc news update. rahel solomon has it for us. >>> here's what's happening at this hour. tropical storm frank coming ashore earlier than expected it made landfall in the eastern part of the for a florida panhandle. it's expected to move into western georgia, and lose strength quickly. >>> in california, ballots are going in the mail for the recall election of governor newsom. leading republican candidate larry elder says he w-- on the news, more fights over masking up in schools and how some schools are closing because of the c

i was surprised kroger race theory was taught in k-12. it's about law and how despite changes law has embedded race in the legal system. with critical race theory with attackers issues. i think what people have done has made any talk about corey siri anything about race. critical race theory all talk about race. but not all people who talk about race are critical race theorists. i think most of people talking about racist because they are they talk about slavery and so forth. were not doing theory. theory was 67 years old, and i'm not been disingenuous. what's think that is going on. i think there is a concern talking f about topics from what i have read and what people have said that makes them feel bad. you talk about slavery they know the vast majority of slaveholders were white in the united states. africans had slaves too. people they captured they sold. we are talking about americans and their relationship we have another. and we have had. 1776 lystra say that. say you can't talk about those things because it will make white people

. >>> keep your eye on shares of kroger, up 1% after raising full-year sales guidance off the intraday steve cahillane joins us, chairman, president, ceo thanks for the time. good to see you. >> good to see you. >> certainly you affirmed the guide organic revenue was much better than some of your peers in the space but you do talk about material shortages, freight and labor can you just put a picture on what you think the second half will look like on that front snrjt the second half i think will be like the first half in that the supply disruptions we have seen, i know, are pervasive and really all around the world. we would hope that it starts to mitigate towards the back half of the year. we are taking a prudent planning stance because we haven't seen any improvements up to this point. it's everything from labor shortages, material even things as simple as pallets and containers being in the wrong part of the world. >> i guess the best we can do at this point is gave it a few more months and get a better picture about the year end quarter as for the consumer, i'm looking at cereal a