this when making news today, kroger the grocery train, they are going to do something. they're going to put on a new $50 health insurance surcharge for unvaccinated employees and they will not provide some benefits like paid leave if they get sick from covid. this seems new. what are your thoughts on this? john: we have seen other companies, for example delta airlines, charge a premium on peoples insurance if they are not vaccinated. so this is a concept that is another way to try and get people vaccinated. and i think it is unfortunately necessary for companies to be doing something like this. what kroger is essentially saying is that they want their employees to be safe, and they want the people around their employees to be safe. so they are doing everything they can to get their workers vaccinated. i think they are right. kristen: something new also i am noticing is mit, the massachusetts institute of technology, is requiring its community to be boosted mid-january or they will lose access. i am also reading the nfl is requiring boosters of coaches and staff, althoug

joining us now is kroger ceo rodney mcmullen.come back good to have you. >> thank you thank you for the invitation. >> so really strong results clearly the market is responding double comps than expected raising guidance growth over two years. what happened? wasn't this supposed to be the quarter that everybody flush with cash got out of the homes >> i love the question and so proud of the teams across the organization and doing an incredible job of connecting with customers to make their life easier and when you look at the seamless experience to shop it is really all the things working together our focus has been on fresh product. our fresh departments were stronger than the overall identicals. >> people are still eating at home but still eating out at restaurants? both are doing really well right now. strong pricing helps but can they both coexist? is that sustainable? >> i certainly think they can coexist and finding with the customers is an awful lot learned how to cook and enjoy it and like to eat healthy and can at home. t

. >> kroger will lead us today they raise the guide on comps. >> costco missed by a good opportunity, trying to get in and out of that one. i think sara has kroger, and rodney will give -- is there a call on uber today >> i thought the uber call was funny. this is if you get -- called, what appear i looking at i always add improvement on the situation. i suggested perhaps it should start with the $60 price target. >> why make it a double off the bat? >> i was going to write 58, but then people would think i was going facetious. i do this thing called "what i'm looking at." in ten years, have you looked at it >> i look at it almost every day. >> i have the apple data okay, i'll cut all my orders, tim, but i went with the jpm jpmorgan, because that's the pollyanna view. >> yes >> do you remember when trump said in february of 2020 that covid was contained? >> yeah, that's not going to happen you have to realize if you're selling and you're down that much, they're selling. the payment stocks have had an issue of their own long before omi omicron. >> in the face of square changing its nam

i think you brought up an interesting one with kroger, also hormel. when is the last time really talked about that on cnbc? it's pretty rare i do think there are some upside to that particular segment of the markets, and i think there's a lot of different names within that i've owned some of them. but, you know, that is not the biggest focus that i have, though, brian. i'm still looking and i'm a little bit more of an aggressive trader looking for other types of areas but i do like the staples. i think there are some names that can definitely perform. by the way, with the options side of things, you actually can create even more dividend yield and all the rest of it like you oftentimes are going to get with those names. that's why i like those names so much. >> by the way, the last time we talked about hormel on this network was five hours ago i know because it was me we talked about it dinty more beef stew does not get enough respect by the way. got me through college >>> on deck, we are going to take a page from the late, great, biggie smalls and ge

all right shares of kroger sizzling at this hour, up 11% topping the s&p 500 thanks to the continuingrocery chain raising its full year sales and profit forecast following a strong beat on earnings that the company is attributing to customers buying groceries in bulk, but kroger also noted that inflation is beginning to affect its bottom line, and kroger's having to pass the increased cost on to consumers, that is exactly what's happening at the brooklyn catering company where madison a lworth is standing by live. madison i am imagining this is just one of many catering companies that is getting hurt badly by inflation. what's going on there? >> yeah, absolutely, liz. catering is really being crushed by inflation. it's kind of different than the grocery store chain because they're honoring contracts from 2020. we remember for months weddings events nothing were happening, well they're back which should be great for catering companies, which is where we are now, hahns is making a cake for a wedding event tomorrow but they have been having a lot of contracts like i said from 2020 honori

pickle, square feet, simply because foreigners believe it's a local specialty of motor convicts to kroger. okay, so i still don't have an exact answer, but there might still be hope. i'm going to talk to gary ross, a local who came across the pickle tradition in his research for a magazine and marcia glass. so what can you tell us about the history of the christmas pickle help b should not be washed. i did some research and found out that a some family tradition of giving that person. i'm found the special christmas tree decoration on the tree, the 1st or largest gift on the screws, so that the as the getting to the on dark. that's how the christmas pickle story originated her. why not squiggle mock? so we may never know exactly where this pickle to listen comes from, but it certainly is a little bit of fun. and me, one day the germans will know what i'm talking about. but until then, i have an idea i our christmas theme tour of germany reaches berlin. the streets and squares of the capital are festooned with twinkling lights. and most of the cities christmas markets are open again this y

as a matter fact the largest fan pharmacies and kroger and right aid and walgreens, for the most part did a pretty good job of policing the sand cutting off people that were obviously bringing in those prescriptions but that doesn't seem to beid the case nationwide. it's a great question because there is a trial that just started earlier this week in ohio where the cities and towns across the country and cleveland where number of cases have been consolidated.o and with the pharmacy chains right now saying they contributed. but in west virginia i have to say that you have a situation where you have an independent pharmacy ape family-owned pharmacy distributing 30000 oxycontin pills or hydrocodone per month and then down the street just two blocks away there is a walgreens distributing 1000 oxycontin. so my guess is that when left to the chain pharmacies. >> so is it still being manufactured? >> . >> and that which was a decade ago. there has been a lot of education going on. education going on. curb the proliferation of oxycontin and hydrocodone. but yes they are still available to be

i think kroger kind of taking matters into its own hands to try and walk that line, to keep workers anding that's too draconian, but it's like -- >> it's what delta did. >> you're hitting people with the carrot, i think. >> creating -- we keep talking about creating carrot as incentives on one side i think in truth that maybe the disincentive, which is what they're doing, is to take away rather than -- you know, this is the stick and the carrot this is the stick in some ways but that actually may me much more powerful. we've talked about it on the air, why insurance companies don't have higher premiums for people who have decided, for example, not to get vaccinated in the same way that at the beginning of every year when you get your -- decide on your insurance, they ask you to attest that you're a smoker or not a smoker and it's $100 more or less. you could do the same thing for vaccines and you could actually make it much more, frankly, punitive >> that's like a market solution too. >> it's what delta did and was pretty successful in doing didn't delta say it was $200 or $250 extra th

. >>> kroger is ending emergency covid leave for unvaccinated workers who become infected.aise health care costs by $50 a month for unvaccinated managers and nonunion employees you are now up to date julia, back to you >> thanks so much. >>> if you're looking for a way to play crypto, terawulf is merging. the company positioned itself as an esg play with 90% of power source from hydro, nuclear and solar. joining us is terawulf's ceo explain what is the business model to start off >> sure. terawulf is holding on to bitcoin and creating best possible company we can. >> and so in terms of investors, is investing in your company a way to get exposure to bitcoin without actually owning bitcoin. how would you explain your value proposition to investors >> people can choose to buy bitcoin. it is capital teintensive. that's why we're a public company. we have a very steep pipeline and we're about zero carbon emission we're unique in that regard in this space and we're very focused on execution on the business plan. at its core, it's energy infrastructure that's what we've done for

thanks to all of our friends at lowe's, the nice friends at kroger's and the banana grams. way $500 to lowe's, groceries for the families >> this is great, scan the qr code to give and help. >> every little bit helps. >> al, what are your impressions? you landed there we've all seen the pictures, but now you've seen it firsthand >> yeah it really is -- what you really come away with is obviously the destruction. but also the idea that all of these people have come around. this church, this house, ministry, tv, i don't know if you can see them in here is that door opened? oh, there we go. you can see all these folks in here these are all volunteers in here working and trying to -- there's a whole setup back there of folks distributing food, clothing, water, just very sweet. here is my new best friend other here this rag mop over here, got me a stick, got me a walking stick. so it's -- it really -- that is the spirit and that's what -- this is what has built america people coming together for total strangers to make things happen. >> you know what, al sheinelle is looking up

kroger, carnival, delta, and wynn the biggest gainers in the s&p. carnival and wynn haven't been doing well lately. delta as well. today, higher by big numbers ahead on "power lunch," clean tech getting messy those stocks are under pressure this year. according to new reports, the space could be getting overcrowded. >>> plus, is this retail reit ready to rally how many rs can you goet in a row? lots morgan stanley bullish on simon property saying buy the recent dip. but are malls at risk with the rise of omicron? >> i think it's omicron, from my sorority days. >> covid has become a sorority delta omicron. all right. we will discuss when "power lunch" returns there's lots of people who are confused about which medicare plan is right for them. hey, that's me. i barely know where to start. well, start here with me, karen. i'm a licensed humana sales agent. well, it's nice to meet you karen. i'm john smith. hi john. at humana we know you're unique so you have different needs from other john smiths. yeah, i've always thought so. and together we can find

kroger is actually supplying consumers with what they need to get by right now.rkers more, it's not their fault their electricity costs have gone up, it's not their fault that their gas prices have gone up in their delivery trucks. yeah, it's got to come from somewhere. >> and it's also not their fault that they don't know where the next punch is coming from, whether through government taxation, regulation or more policies that stimulate more inflation. it would be so nice to have lawmakers who have actually run a business. i am in the restaurant business, as i plug every time i'm on tv, and i apologize for that, but we have to make money now to avoid going out of business in the future. our supply costs are up 15-20% across the board. just next weekend the minimum wage is going up in illinois to already stressed-out businesses that are teetering on the edge. so to fault a business for trying to make a buck when they don't know where the next punch is coming from, it's unforgivable, to me. jackie: yeah, it makes it tough. it's been so hard for the last two years,

. >>> kroger ending covid pay for unvaccinated workers. why it is costing folks even more. >>> ahead, a kentucky candle factory worker said he was threatened to be fired if he left. how his employer is responding to those claims. i brought in ensure max protein, with thirty grams of protein. those who tried me felt more energy in just two weeks! (sighs wearily) here i'll take that! (excited yell) woo-hoo! ensure max protein. with thirty grams of protein, one gram of sugar, and nutrients to support immune health. (vo) singing, or speaking. reason, or fun. daring, or thoughtful. sensitive, or strong. progress isn't either or progress is everything. woman: i have moderate to severe plaque psoriasis. now, there's skyrizi. ♪ things are getting clearer ♪ ♪ yeah i feel free ♪ ♪ to bare my skin, yeah that's all me. ♪ ♪ nothing and me go hand in hand ♪ ♪ nothing on my skin that's my new plan. ♪ ♪ nothing is everything. ♪ woman: keep your skin clearer with skyrizi. most who achieved 90% clearer skin at 4 months had lasting clearance through 1 year.

we did not see that in west virginia as a matter of fact the larger pharmacies in the walmarts in kroger pharmacies, that the supermarket chain here in the rite aid in walgreens and cvs but the most part we did a pretty good job of policing this and cutting off people that were obviously bringing in bogus prescriptions but that doesn't seem to be the case nationwide there is currently a child that just started earlier this week in ohio between the cities and towns across the country as part of a consolidated mdl and cleveland were a number of cases have been consolidated or going toe to to with the pharmacy chains right now saying that they contributed to the opioid epidemic. in west virginia i have to say you have a situation we have an independent pharmacy, family pharmacy distributing 30000 oxycontin pills or hydrocodone for a month and down the street two blocks away there would be a walgreens that was to shooting 1000 oxycontin or hydrocodone a-month, it's very different in assisting pharmacy with more money and a lot more at stake. host: is hydrocodone and oxycontin still being man

kroger says it is taking steps to protect the rest of its employees and customers. good morning, rebecca. >> good morning, george. this is a significant decision by one of the largest employers in the u.s. with 500,000 workers kroger announcing it will pull paid emergency covid leave for unvaccinated employees and will add a $50 monthly insurance surcharge for salaried associates unvaccinated. these new rules take effect starting january 1st and kroger saying in a statement we have been navigating the covid-19 pandemic for almost two years and in line with our values, the safety of our associates and customers has remained our top priority. the supermarket chain says employees who are fully vaccinated will still be entitled to paid leave and the policy changes do not apply to workers with approved medical or religious accommodations. they will also continue to pay $100 to workers who choose to get vaccinated. michael? >> thank you for that, rebecca. >>> now to the new three-point king of the nba, steph curry, of course, t.j., robin gave you credit, man. you were rig

here is what's happening at this hour shares of kroger continue to soar now up 10%. s&p 500. the supermarket chain posting strong earnings and raising guidance kroger says demand due to at-home cooking remains strong >>> dollars general one of the biggest laggards did top estimates but guidance for the holiday quarter was light. dollar general sharply expanding a new line of stores aimed at wealthier customers lookin for a good bargain. >>> jobless claims lowest levels in more than 50 years. the jobless data coming out a day of the november employment report expecting to show more than 570,000 jobs created last month. >>> crude oil erasing losses of as much of 5% this morning, now trading higher after opec and its allies agree to continue gradual production increase. the oil cartel resisting calls from u.s. to pump more oil in order to lower prices. you're now up to date. deirdre back to you. >> thank you for that. >>> during the volatility of the past week, one sector suffered is movie theaters. could this dip be a buying opportunity. julia boorstin with a look at w

today shares of ride-hailing and delivery company grab holdings sinking in its debut profits for krogerell by about 25% from a year ago. the stock is having its best day in just over two years so be sure to tune into "closing bell" later today at 3:00 p.m. eastern for an exclusive interview with kroger's chairman and ceo rodney mcmullen. >>> now to rahel solomon for a cnbc news update hey, rahel >> hi, jon here's what's happening at this hour we begin in new york city where mayor bill de blasio saying we should assume there was community spread of the omicron variant in new york. that's after a minnesota resident tested positive with the new variant. this after attending an anime convention in new york new york city health officials calling for covid testing for everyone who went to the anime new york city convention from november 19th through the 21st >>> the house of representatives is expected to vote soon on a bill that will keep the federal government funded through mid-february the bill passed a key procedural hurdle late in the morning >>> and on "the news" tonight, jurors of the

as , now at the kroger and also town auditor and recovering huge local tax fraud by his predecessor on and brings his town a lot more money this way a and all these plans for the town. i find such hope in these people, and that's why i actually love reporting, is that you always are going to find these people, and that's why i actually don't get too down about all this, because you actually need the people and see the lying in -- the light in them and the spirit, and that is completely restorative and really is what keeps me going, and what fuels know find even more of those people. >> fantastic. great note tend to only. i'm going to turn it over to town hall to take out. thank you for staying up late with is, alec macgillis. >> thank you both so much with appreciate you spending this evening with us and talking with us, interesting topic. and also thank you to everyone who is watching from home. if you'd like to pick up a copy of the book, please do so through our book store partners third place book, there's a rink future on book tv on c-span2. >> today we continue to focus on ai inn

kroger work making 16.25 an hour.th. complete wage erosion. cannot keep up with the cost of living. that is the base wage. doesn't include benefits and other perks. stuart: that is tangible example with a sole lid reasoning why they're not making as much as they think they are making. the effect of inflation. it is a hidden tax. that is what it is. that is a very good example. bret baier is with us. >> good morning. stuart: greetings, sir, 9.6% inflation, huge, does that doom build back better. >> it is definitely on the ropes, stuart. one of the big reasons is that senator dick cheney talks about this all the time. we have to see where inflation is going. seeing the ppi number is massive. the wharton analysis saying inflation causing households to spend $3500 more for 2021. just out, add that up it is a real concern that translates to votes not only from manchin but there are other moderate democrats who fall under his umbrella. while he is take the heat from progressive side, there are other moderates who i think ar

. >>> kroger is ending some benefits for unvaccinated workers. beginning january 1st, those employees will not receive two weeks of paid emergency leave if they become infected with covid. the company did not say what number of its more than 450,000 employees are unvaccinated. they will also charge some unvaccinated staff a monthly $50 sur charge fee to enroll in its health care plan. >>> americans have been donating more during the pandemic holiday se. acrd the ing the average amount each american gave to charity causes in december of 2020 was $608. that's 25% higher than the previous december. utah was the state with the highest average donation. a little more than $2,800 per resident while rhode island had the lowest at just under $200. study also found that millennials were more likely than baby boomers to donate. that's your cbs money watch report. for more head to cbs money watch.com. at the new york stock exchange. >>> a live look at downtown oakland this morning where the homicide rate just hit a ten year high. in an interview, betty sat

do it consistently >> reporter: now companies like kroger are ending some benefits for the unvaccinated the nfl requiring boosters for staffers after a spike in positive cases nyu becoming the first major university to require boosters for students and staff at cornell, where omicron has been detected, school officials are shutting down campus. tonight, an evolving pandemic with a revolving cost miguel almaguer, nbc news. >>> in just 60 seconds, our investigation will take you inside a sting showing how criminals are reselling billions in stolen goods and we'll ask what's being done to stop it. >>> holiday shipping, the deadlines, what you need to know grab a calendar. >>> we're back with our nbc news investigation. you've probably seen the recent videos of retail stores ransacked by organized thieves. tonight, vicky nguyen takes us inside an undercover sting with a team hunting down these shoplifting rings. >> reporter: stores hit by organized retail crime theft rings that scout, plan, and execute high-value heists, from drugstores to brand-name merchandise. theft costs the retail indu

, square feet, simply because foreigners believe it's a local specialty, was of motor contrast to kroger. okay, so i still don't have an exact answer, but there might still be hope. i'm going to talk to gary ross, a local who came across the pickle tradition in his research for a magazine and marcia glass. so what can you tell us about the history of the christmas pickle help be? she knocked off washed. i did some research and found out that a some family gutter tradition of giving that person. i'm found the special christmas tree decoration on the tree. the 1st are largest keshawn thus coast, although asked the getting to the dark. that's how the christmas pic astoria originated her. why not squiggle mock? so we may never know exactly where this pickle to listen comes from. but it certainly is a little bit of fun. and me, one day the germans will know what i'm talking about, but until then, i have an idea i our christmas theme tour of germany reaches berlin. the streets and squares of the capital are festooned with twinkling lights. and most of the cities christmas markets are open agai

and grocery store chain kroger will now require unvaccinated employees to pay a $50 health insurance surcharge each month. the chief medical officer of moderna warns if someone is infected with both the omicron and delta variants, it could lead to the formation of a new variant. >>> president biden will tour the tornado damage in kentucky today with more storms on the move. a new storm system will be fueled by unusual warmth and could spawn tornadoes today as far north as minnesota, which has never recorded a december tornado. meanwhile back in kentucky a vigil for the lives lost in last week's storm. more than 120 people remain unaccounted for, but as survivors try to rebuild, we're seeing acts of good faith between total strangers. abc's ike ejiochi is in kentucky with more this morning. ike, good morning. >> reporter: good morning, andrew. you know, it's been a tough time for people here trying to move forward. thankfully there's one man who's been through a similar tragedy that's doing whatever he can to make things a little bit easier. overnight in mayfield, kentucky, the recove

no football futures contract available to manipulate the price in ways, but policymakers and paul kroger can claim it doesn't list. yeah, and it's all like unique little individuals is one guy in the audience who captures the ball. there's that one ball so it's not like the fed can control the price of it and like prevent it from sending a price signal. but he, you could see in the next chart how much they've controlled price signal that used to be the ultimate price signal. and that's the price of money. the interest rates . after adjusting for inflation, the 10 year treasury yield has moved down to negative 5.4 percent is lowest level in history. little while then did actually point out in response to this, that is not the lowest in history. it's the lowest since $941.00. when we were in the midst of a global war, you might have heard about right there. failure to allow bond markets to reflect true. market forces as resulted in a bifurcation in the economy, where the most corrupt are rewarded for committing crimes. j. p. morgan being a prime example. and if you have morals or ethics yo

people buy things from amazon once a week or once every other week but at walmart on —- out walmart or krogerhere multiple times a week to buy food. net customer relationship even though it is unprofitable and you cannot realize a profit were very low margin and then if those retailers ever get into the amazon business it could be very dangerous and disruptive. >> and then in groceries so then they expand amazon fresh that does not quite work they try prime now with a two hour delivery service in new york. it expands and then the grocery store and go on a journey and bezos talks about the land rush and he always thought groceries was more of a long-term opportunity. and then google express and insta card and then finally he realized this is a land rush you have to get serious whole foods in 2017 was in trouble to be attacked by activist investors and now opening up its own supermarkets all over the place and partly things to the pandemic with online grocery shopping it has caught on. so by virtual of those experiences it was intra- goal to help amazon catch up in that category. >> it sounds l

buying groceries from kroger.d financial services. shares opened at $13.06 giving grab at that time of $51 billion market value and cratered but the reason we saw the big open is there's an appetite for asian technology companies outside china and that is what this is but volatility is killing it. dave: simon property group has news. lauren: it is up 75% this year. it is going up another 20%. dave: thank you very much. no deal. major league baseball entering its first lockout in 26 years after players and owners failed to agree on a collective-bargaining agreement putting spring training in jeopardy. kyle rittenhouse is no longer enrolled at arizona state university but students there are still trying to get him to cancel. the story on that and there is this. doctor fauci dodging a question about covid on the border. role tape. >> what about people who don't take a plane, border crossers coming in huge numbers. >> that's a different issue. dave: a different issue. migration at the with mexico border reaching a tie

grocery stores like food 4 less and others in the bay area cracking down on unvaccinated employees area kroger-- it is those that aren't vaccinated to get -- pay more to health insurance. they have a $100 incentive once they are fully vaccinated. kumasi: apple is requiring masks in all stores in the u.s. again apple will also limit of people allowed inside a store. twitter has rolled out automatic captions for videos. reggie: they are available in 30 languages but there is a small problem. twitter won't let you edit captions to correct errors. and there's no way to report a bad caption. that doesn't make sense. fix it, twitter. kumasi: t-mobile is going to all workers at least $20. this includes new employees, part-time workers, and more. t-mobile says many employees earn more than $20 an hour but they want to make sure everyone is at this level. they want to recruit top talent and job seekers in this market. say goodbye to diet soda. reggie: not the actual soda but the labeling. packaging now says zero or zero sugar. the word diet has become unpopular with millennials and gen z. the retail di

cooked the gas pump and take $20 more to come up the minivan or $20 or for a second grocery sack kroger'seel it. so when you are washington they say if it is fine and it is not real. it really adds up to a lack of credibility. >> your thoughts? >> i think bill has a great. i think that people are upset about the economy confusing unemployment is low. even thoughle jobs are powerful because of inflation. they've seen their purchasing power diminished. wages p have grown for working class people and working middle class people. but after adjusting for inflation, this is a fallen and that isai what people are pickig up on. brothers at the gas pump come across restore, buying a used car, you have a. in that essentially has been the problem that the t fight demonstration is dealing with them on top trying to put a play much more spending which would risk exacerbating the inflation problem that we are at the half. and so i think that is the problem that this a demonstration is dealing with. they have a very ambitious domestic agenda and i think it exceeds their mandates. that very narrow majori

s biggest retailers like amazon and wall street and kroger and a bunch. the president saying there is no problem and his administration saying there is a big problem and we are gearing up to blame corporate america. >> it anybody call the transportation secretary pete buttigieg to clue him in? this is how do you it? that's rhetorical. >> i think the transportation secretary is too busy mounting his future presidential bid. i heard this sound bite from the president of the united states yesterday. santa claus, beanie babies and gabbage patch kids and i expected him to say furbis. this is our president of the united states striking fear in the hearts of people. he was only out done by cnn wrote a headline why inflation could be good for every day americans. wow, cnn you out did president biden. >> emily, what lawrence talked about. this supply chain issue and how it's met with ideas don't match. lawrence, this looks like a trend. he comes up with an idea. it doesn't match the crisis but they go with it anyway. >> of course. his standard pattern is to deny t

the president claims he met with ceos of companies including walmart and kroger on monday to discusssis in that press conference yesterday. the administration set to release new travel rules today amid the omicron variant. anyone entering the united states including u.s. citizens must provide a negative test within three days of their flight regardless of their vaccination status. the same is not required for the thousands of illegal immigrants crossing the southern border dr. anthony fauci on that issue. listen to this. >> what about people who don't take a plane and just the border crossers coming in in huge numbers. >> that's a different issue, somebody getting on a plane, getting checked, looking at a passport, we don't have that there. there is testing at the border under certain circumstances. maria: more than 1.7 million apprehensions were recorded at the border this year, a record high. we are looking at 2 million people coming across illegally. sources tell me another 600,000 have gotten away this year. they were seen on surveillance video getting in and now they are in the

most of yesterday's gains after the initial report said deal could value biogen at $42 billion. >>> krogerthe company's board of directors approving a $1 billion stock buyback plan that name up more than 40% year to date, up about 1% right now and a dip for chip giant micron, warning that a covid lockdown in the chinese city of xian would impact production. samsung issuing a similar warning. scott? >> leslie, the dow thihitting another record high as we close out years. for more on the markets let's bring in harris associates partner, cio of international equity, david herro, nice to see you again. >> good morning. thanks for having me on the show today. >> yeah. we appreciate you being here we're talking about ending the year so strongly, why should i think about investing internationally when right here, right now looks pretty good? >> for that reason you've seen a strong uptake in u.s. stock prices and valuations, and what has basically been ignored is what's happening in the overseas markets, in the european markets and to some degree even some of the chinese companies have been -- con

when i first got elected, i posted on instagram every week because i go to kroger sunday.eggs and diet coke. i think you're seeing the price of some goods go down. the industry i care about a lot is the auto industry. it's going to take awhile to see those car prices go down. used car prices are up more than they've been so of course, i was worried about it. i'm looking at policies that will reduce inflation and how to keep the economy strong. >> jackie: that's the disconnect there. because progressives say spending more is going to reduce inflation. of course, you have those on the other side that say spending more, more money, chasing fewer goods, that actually increases inflation. so explain to me from your point of view. i can't see it. >> so first of all, it's not -- what is contributing to inflation is a lot of issues. supply and demand that we all will remember from our high school and college education. covid really -- the logistical system and the supply chain in this country got significantly impacted. we're starting to see the porting open more. one of the bigge

important to draw a distinction between one private employers or private people do, at walmart or krogerr wherever their private universities can impose whateve rules they want as long as they're not violating anyone's employment rights or that when it's the government running things like a lot of schools yo said, or the city government of new york, they are placing restrictions on what people are allowed to do or not they have to make sure religious freedom is recognized, free speech is recognized, they can't impose those rules in a way that discriminates against the disabled people with medical condition so i think these i'm worried that states and cities are panicking with these mask mandates, vaccination requirements because as the doctor just said, it may not be as deadly as people thought it was in the beginning. >> and it may have other characteristics to which, the v for the university relations ed cornell has had 903 cases between december 7th and 13th and are closing some of the campuses. exams have moved online. this is a campus where nearly everyone is vaccinated. the vp says

when it cost them extra $20 to fill up their minivan or an extra $20 for a sack of groceries from krogerashington sort of poo pooing it, it just creates another credibility gap and, of course, as you know, paul, longer we wait to address it. the greater the pain is going to be. paul: yeah, kim, the president is saying that, in fact, the solution to inflation is to pass build back better which would throw another four or $5 trillion on to the demand side of the economy. i don't know too many people who think that outside of goldman sachs perhaps who think that that is actually going to work. what do you think the chances are now that -- let me ask you this. what about the political impact of inflation? i think it has had an effect on joe manchin. what about it more broadly? >> yeah, you know the final inflation report we got this year arguably put a stake through build back better. because joe manchin has been so focused on this issue, and it was his ultimate excuse for why he didn't want to move ahead. the white house continues to poo poo this to suggest that this is all going to fix its

you go to a kroger or a publix so you don't have to go to butcher, the baker and the candlestick maker chance at sniffing out inflation and time will tell because of the investigations you mentioned is some industries where you have a relatively few number of producers like the meat packing industry. so far, you know, we've seen a lot of allegations and it will take time for them to sort of sort through what is the cause of the higher prices. >> neil: it could be supply and demand. it takes a lot to rig across an entire industry and world for that matter. at least if you can throw it out there, don't blame it on the white house or us, the party in charge, what is happening at the gas station and what is happening at your local retail store and grocery stores, even if you just throw it out there that there might be another villain out there, it does mitigate some of the finger pointing exclusively at the party in power, doesn't it? >> it does mitigate some of the finger pointing. the thing is this white house has pointed fingers at a lot of folks, whether it's opec for higher energy pri

kroger says it's taking away peacefully for unvaccinated employees who get covid. it's also requiring unvaccinated employees in the company's health insurance to pay a 50 dollar monthly surcharge. i mean, is that what it's going to take? is that a good idea? dea? >> well, it's going to take extreme action were possible to do that. i've been promoting the idea of nobody getting on an airplane for a domestic or international flight if they can't prove they've been vaccinated. if we make it difficult enough for people to live their lives without being vaccinated, i think that maybe the kind of think that we're going to need. but why does it take such efforts when really, the answer is, you will live. we'll survive covid if you get vaccinated. >> there was another big piece of news today with pfizer saying it's anti viral covid pill has nearly 90% efficacy in preventing hospitalizations and deaths among high risk patients. here's what the company ceo said earlier today. >> with this bill, we're expecting instead of people going ten people going to hospital, only one wi

without hard evidence going after big box retailers blaming them for inflation, walmart, amazon, krogerhis point? it is crisis after crisis after crisis. the biden administration rather than taking responsibility causing inflation with more spending and taxes we're talking about the transportation infrastructure bill, covid relief spending earlier this year or build back better and future of that 1.75 trillion in spending he caused the majority of this to happen and you know the circular firing squad he has going on, the american people will not put up with it. we saw that in virginia. elizabeth: it is crazy using brute force and power of the government to enforce your policies. this will consume businesses, time and money. have to turn over data on points of supply chain that could deal with inflation. they have to deal with that in 45 days. doing the same thing going after oil and gas companies to cover up inflation. here is the thing. you know what happened. they paid people not to work. there are 11 million open jobs in this country. more than they have. they sent out stimulus check

kroger is taking away paid covid benefits and adding insurance surcharges for unvaccinated employees.at a good idea? >> it's going to take extreme actions where it's possible to do that. i've been promoting the idea of no money getting on an airplane for a domestic or international flight in they can't prove they've been vaccinated, if we make it difficult enough for people to live their lives without being vaccinated, i think that may be the kind of thing that we're going to need. but why does it take such efforts, but really, the answer is, you will live. you'll survive covid if you get vaccinated. >> there was another big piece of news today with pfizer saying its antiviral covid pill has a 90% efficacy for fighting hospitalization and death in covid patients. here's what the cdc said earlier today. >> if ten people go to the hospital, only one will go and they are not dying. that's very, very good news. >> last week you relied on the overlying situation to pass through this pandemic. what are your concerns? >> first of all, i should say i was calling the idea of these new pills ga

kroger's says those employees will no longer be eligible to receive two weeks paid emergency leave if the head of the world health organization the w.h.o. says evidence suggests a small decline in the effectiveness of vaccines against severe covid-19 disease and death. new york city is requiring most children to show proof of vaccination for many indoor activities now. this follows the imprey mentation of a new vaccine or mask mandate for everyone and this is getting pushback. correspondent david lee miller reports tonight tonight from new york. >> masks are not enough. starting today kids between the ages of 5 and 11 in new york city are going to be carded. they have to show they have been vaccinated in order to eat in restaurants go, to theaters or take part in other indoor activity. yesterday a statewide mandate went into effect, requiring all businesses in the state to either make sure all customers and employees are vaccinated or require the use of masks indoors. some local officials tasked with enforcement say the mandate goes too far, including the incoming county executive for

gas pump and it takes them $20 more to fill up their minivan or $20 more for a sack of groceries at krogere in washington saying everything is fine. this isn't real, and then they are saying it's just transitory, it really adds up to a lack of credibility. >> mike: jason, your thoughts? >> well, i think bill has it right there. i think people are upset about the economy, even though unemployment is low. even though jobs are plentiful. because of inflation. they have seen their purchasing power diminished. you know, wages have grown for working class people, for lower middle class people. but, after adjusting for inflation, wages have fallen. and that is what people are picking up on as bill said. whether it's at the gas pump, the grocery store, buying a used car or you have it. and that essentially has been the problem that the biden administration is dealing with. and on ton of that they are trying to put in place much. more spending, which would risk exacerbating the inflation problem that we already have. and so i think that's the problem that this administration is dealing with. they h

kroger is ending mask mandates for vaccinated workers.gan has barred unvaccinated workers from the office, saying essentially stay home days after morgan stanley's chief admitted it was wrong to rush everyone back to the office. >> we're in a transition period still. i was wrong on this. i thought we would have been out of it by labor day, past labor day we're not, and i think we'll still be in it through most of next year. >> yeah, the banks, media companies, everyone trying to figure out what the next step is here for return to office. boost everybody, the former chief president andy slavitt, before we return workers to the office. when it comes to travel, amtrak will relax policies for workers and service cuts. 500 amtrak employees have not yet complied with the vaccination requirement. company says more than 95% of its work force is vaccinated or has an exemption. and american airlines is moving forward as it plans to hire 18,000 people next year for travel rebound. american doesn't want to get caught in that terrible situation it had

. >> kroger said paid leave will no longer be made to unvaccinated workers getting the virus. apple is rein stating a mask mandate for anyone inside its u.s. stores over concerns mount over the omicron variant. new york and california are rein stating mask mandates in indoor public settings for about a month starting this week. >> 800,000 people passing away. just on tuesday, more than 1,600 of them. think about that. from the moment you started reporting on the show, probably one person has died from that. it is a little more than one per minute. if you look at the daily percentage, the changes from the seven-day average moving forward, it has ticked back up, a swing in this direction. and look at hospitalizations, which really matter because that's the most serious cases out there. those two moving up. not as high as it once was but signaling in everyday we are heading into a third difficult year of this virus. >> so we are seeing high transmissibility of covid throughout the country. now there are growing concerns about a new omicron wave on top of that. what can you tell u

number two, american airlines and then clorox and then kroger, make it make sense it doesn't so this idea that from one day to the next, today is a virus on day. oh, look, the next day the staples are selling off and it's a virus off day. nobody who is playing that game is wing. nobody what i want people to think about right now is you've got ample opportunities for these unwinds of bearishness where people put on big hedges and not without reason i get it i get it people put on these big hedges and they start pressing on stocks like trip adviser and these types of stocks that all of a sudden are going back to march of 2020, and steve weiss is right. >> right >> that's not what's happening politicians don't have the will to do it, and the people won't listen anyway, so what we're left with is an economy that's growing and emergency policy coming up and rates not going up and i think exactly where stocks are trading is where they belong >> i think that became clear yesterday, josh -- and i miss you. >> oh, i do miss you and i do miss those rant, those josh brownian rants santa claus r

. >>> kroger announcing this week it will introduce the first carbon neutral cage-free eggs to u.s. customers starting next year the solar-powered production facility will use feed made from surplus food to reduce climate impacts. that's your esg fast fact of the day. ♪ ♪ green bonds are like any other traditional bond, but they come with a commitment from the company to invest in specific projects that achieve an environmental or social outcome. when the green bond market first started back in 2007, 2008, they were small retail-targeted transactions. now, it's over 200 billion dollars a year in issuance. we've seen a full spectrum of projects being supported by green and sustainability bond transactions. everything from more energy- efficient ice cream cabinets, to better forestry and farming, through to developing affordable and social housing. the bond market is a natural home for sustainability. buying green bonds is not just doing good, it's good business. i am navindu katugampola and we are morgan stanley. ♪ ♪ ♪ ♪ ♪ >>> welcome back i'm rahel solomon and here is our cnbc news