and associates for his read on the rent component, housing, driving prices up lately and the ceo of kroger joins us to talk about the trends he is seeing in food prices, the nation's largest grosser. market commentator mike santoli, what is on your radar as we see another strong day >> strong day. the market continues to act as if people came into the year pretty defensive, not enough risk exposure. you have things like a strong, you know, read on fourth quarter gdp. it seems like you have a sense building that perhaps inflation might have downside momentum and therefore things we were scared about coming into the year not as scary the riskier sectors are kind of leading the way. where it brings us to is right to the almost to that down trend line from the peak of the market in january of last year. what are we looking up at? it's around the 4,000 mark 200 day average of the s&p is 1% hire u from here the early december highs 4100. we're in the zone where it seems like you have a cluster of significance in terms of the levels buyers and sellers equally indecisive about the direction and th

a predecessor to the current kroger deal. back then albertsons sold over lapping locations to a smaller competitor that quickly went bankrupt then they brought back dozens of stores i think way too much of a hard liner but she's right to be angry. i know someone at kroger must have read this before they went ahead with the deal. they can fight the ftc in court and probably should win although at this point, you're probably gambling on which kind of judge they get next, the fed cares about wage inflation and less than spectacular numbers we got today made people feel safe buying medals and chemicals and home builders but are we really safe? on wednesday, we get results from kb home you better pay close attention because the fed wants lower housing prices kb is the first to report after the most recent rate hikes so we need to know if the sales are finally being impacted by higher mortgage rates and more important, our housing prices finally coming down. remember, today's macro numbers are a prelude to declines or that's how wa

i spoke to the kroger ceo, and he said it is a bright spot.umer packaged goods come and they praise prices on detergent, paper towels, canned foods, they rarely come back and say, we'll lower it again the way they do it, they'll reintroduce discounts, coupons, things that ease prices for consumers. so far, he said, no vendors have come back to the company to lower prices no one has stepped up discounting over a year ago. that really hasn't kicked in yet. >> or the vendors will shrink the size of the package and charge the same amount. >> exactly shrink shrinkflation. >> 14 ounces instead of 18. >> that's another way it shows up in general, this is something that is going to stick around for a while, and people should be prepared for it he did say, for retailers, one way to combat this, they can use the tool of private label. in the fall, kroger rolled out a cheaper version of private label items. that's one way they can say, when negotiating with companies, hey, you may keep the same price but we're going to offer something similar. similar ty

we saw amgen, kroger, large transactions. it slowed and we are sitting here on the 10th of january figuring out where it goes. i think it is early to prognosticate any upside, but there are positive things that could help us. jon: when it comes to the debt financing world how much is that going to play a role in the indecision on doing deals were not doing deals? mark: you have got to break it down between the investment-grade market that is wide open and has been very strong. i think the leverage finance market, the direct lending market, private capital, we have been on tougher times. a lot of private cap got put out. we are seeing -- i think we will see smaller transactions initially. we will see transactions that get over equity ties. but there is a strong belief in our shop that something is well thought out with decent documentation, not the wild time documentation, could get done. and it could be done with $3 billion, 4 billion dollars, $5 billion. we are in a position where we have work to do on the leverage markets.

so i think that's a note to all of us, recycle those kroger bags, right, so that's sort of interestinghat's floated up. it's an optical illusion at on heightened angle we're seeing even that navy report that came out that that object was going super fast, by the certain physicist in this report, that says that could be explained by the height and the angle creating that optical illusion. what i love about this, though, is that people are seriously taking into account -- there's still about 171 in this 510 that they have included that are still unaccounted for. so is it any other threat, is it some other kind of like, you know, phenomenon that is faster and some kind of security risk. and i love the fact that they're still staying open to could it be something else. i mean, if we ever find evidence of alien life, although i have met a few birds here on planet earth that might be good to record that, but right now we still keep looking. nothing conclusive but remember, this is the pentagon study. nasa's study of uaps is due out this june or july, so we'll see how they compare. >> i'll lo

one more time to restore you leave you show the new you for marcia quaid show krogers. hello, natalie doyle told was marcella shaw, more school shelby poker. please show toby your girl. you talked, you will sheila's glance that i ever read on school or 2000000000 boy de leon. now the man school boys entropy deal. he says, give me said they're not knowledgeable with yellow. got out. does that ava watch the request? as of a i g, g, your a deal had you j b o put control him voice k e velocity republic, k, boston, h e s a going, or will all i all be cut requests and i was a maria. feel us call yes. will hear that there are no idea bruce or adoption. it's a roger rosita or be a good to yeah. i was lucia. yes. yes, i'm very keep roy sort of bubble georgia as i thought it. it's my the rest of the year, but i call them still tina sober starts. i thought isa warner supposed to been if im loud, the whole the a below be a lot below bill is out for dinner. and as always a topic, i feel a little segment on deal display, machine equip, pump is ups, and for, for the la la, get ali now

district court of the city of sumy published the news that on january 22, judge viktoria malovana krogername incorrectly, yes, koger, yes , well, i'm just reading the column of journalist natalya sokolenko, she made a mistake . i apologize for the fact that i also made a mistake. in fact, once again, journalists are public. sumy received information from their own sources that the judge died from a blow to the head and uh. maybe she received this blow because she listened to the case considered the case of the accused of high treason oleksandr gen , the mayor of the city uh-uh-uh, it will be from the inside of the sumy region, too, i don't know if the emphasis is correct, i say that you know about it and can it really be true, well, look here, the situation, as they say, the case, i clearly know that the case is dark uh, the fact is that the judge died of a brain injury, this is a direct fact, and then we are already entering such a space of assumptions, uh , into the space of some sources that inform uh, insiders. here are our sources from different sides , and independent of each other

the president's policy and the t douglas buildings here kroger, the storm, the of her, her residue, the left as present lulu so who was inaugurated last week. 100 of them are phases entered the senate chamber, vandalizing it from missing. then police forces arrived. ah. amid the heavy glasses, police resorted to using fig. after this 1st, the crowd was more than $400.00 proto detained. several dozen people were reported injured. present nina, the silver housing fair, the state of emergency, until the end of this month, with the military service when deployed to maintain peace in the capitol. the protesters are believed primarily be supporters of the previous present will sanara, contested the election results, but denies any involvement in the protest. movement is a local reporter with auditors. i barrier which again, monkey my institution is still tensile, but authorities have already restored control over the buildings of the 3 branches of government that were invaded by the protesters in the capital, brazilian almost all premises of the presidential palace redemption. only the presid

i have to tell you, i like the stock at kroger very much. i think that rodney mcmullen is doing a terrific job. and i wanted to come back on our show, i think that would be nice. i think he is a gem. i've said it before, i'll say it again. during earnings season, what matters is companies and the ceos with the smarts to direct them. they will keep trying to win for you, the shareholders, come hell or high water. >>> what's the secret sauce to this deal? mccormick has lost spices of late. what it's going to do to bring the stock back, and bringing the heat you, i'm going to dig into that story with s.a.p . where does the deal stand now? i'm getting answers with the company's top brand. so, state with cramer. >> don't miss a second of mad money . follow, to 19, on twitter. have a question, tweet to 19. send an email, or give us a call at 1-800-743-cnbc . head to madmoney.cnbc.com . power e*trade's easy-to-use tools like dynamic charting and risk-reward analysis help make trading feel effortless and its customizable scans with social sentiment

now, key retail leaders including the ceos of lowe's, kroger, and others, they looked ahead where thead was mixed let's bring in katy thomas who's the lead we turn to you often for all things consumer. can you take us through what exactly the feel was thematically with regard to what the holiday season will end up looking like andwhat it actually says about the strength of the u.s. consumer >> yeah, absolutely, dom thanks for having me you're right things were certainly mixed. there's a lot of talk about the return of the physical store, the importance of the physical store across different sectors, across different types of retailers. they did weigh in saying they're trying to stay true to the brand. given an increase in sales shopping, we weren't given warnings there were her discounts throughout the month as we go through 2023, we really are seeing consumers evaluate where to spend and where to save. >> what are they spending on and what are they saving for we heard a lot of ceos go through their customers and accounts data and saying they're spending less on things like goods, mor

eggs are so much money, it's like he went to kroger's.>> laura: we don't have any eggs, don't have any baby food. this is the united states of america. speaking of a very odd in combination, tom hanks the actor recently revealed the only cocktail he ever drinks. >> diet coke. >> first of all, look at the color. it's gorgeous. we were debating with the name of it should be and i came up with it because it is coke and champagne. so it's obviously diet cocaine. >> laura: all right, those who have tried it states delicious but given your affinity for the city is dives in manhattan, what is the weirdest combo you ever drink? >> first of all, let's acknowledge how many actors tom hanks is disappointed that a party by offering them diet cocaine only for them to find out it wasn't a lie, that they would be snorting in the men's room. my go-to drink, just so you know is called a kentucky speedball. it urban with a little bit of, it's called kahlua, two shots of bourbon, one shot of kahlua and a little bit of cold brew. it's a good, punchy drink. y

are they doing anything to give their customers or consumers any kind of relief >> i spoke to the krogerg. he wants to tell customers it may be a while before they see relief he was telling me if people were used to paying $80 for their groceries and now they're paying $90, that's going to stick around they're leaning into private label, peanut butter, paper towel, that's how they can compete and put pressure on them to offer more coupons. >> peoplesay their life saving are in eggs or they saved enough money to buy eggs. egg prices are through the roof. are there any prices that are lower and people are getting a bit of a break. >> there is a little bit of good news eggs are starting to come down he said that's really because of the avian flu outbreak and that's starting to ease. the other is consumer ele electronics have gotten cheaper. people bought tvs during the pandemic and major appliances. those things have gotten cheaper. apparel is showing signs of getting cheaper. more discounts are cog back because macy's, gap, lululemon do have a lot of inventory and they're trying to sell th

see you tomorrow we have the ceo of kroger on the show tomorrow. now into "overtime" with scott >>> sara, thank you very much. welcome, everybody, to "overtime. i'm scott wapner you just heard the bells we are just getting started from post nine at the new york stock exchange we're going to get latest from jeffrey gund lock's first major webcast of 2023. find out what the bond king thinks of the state of the markets as the new year gets under way. the headlines once the event begins less than 15 minutes away we begin with our talk of the tape, whether stocks can keep this momentum going and build on the january gains as another

the water is coming from kroger -- the creek only a few blocks down and that is why some needed to seeernight. flooding would be a possibility overnight. this would be just outside the church of the good shepherd catholic church. this is a look at the flood damage that we saw over the weekend in this area, the water so strong, even pushing down a 10 foot fence after the water started to rise. >> wednesday morning, a sinkhole appeared over this type. we believe from photos we have seen and the facility that the top of the pipe has failed and the soil from above is partially filled the storm drain line. >> that was a city engineer who just heard from. he warned if we did get a heavy rainfall like we saw overnight into this morning, the creek would back up even more, threatening properties nearby. outside of the fox creek apartments, that is exactly what happened with some folks at this apartment complex needing to be evacuated overnight. we are working to get information on just how many people needed to be evacuated. but if you have to be on the roads this morning in the pittsburgh area

. - what is kroger's? that's right. the actors in that movie, $800.

our kroger's ella sogomonian is here with live studio with more. >> well, that's right. marches along with volunteer work in his honor. the forty-niners, his honor. the forty-niners, for example, were not only game, but they took the time to give back today. >> the morning the mlk celebration train made its way up the peninsula, offering free rides from caltrain in honor of civil rights legend doctor martin luther king junior. the service began at the deer dawn station in san jose and ended in san francisco. >> i was like learning about history and about like powerful leaders that change the aspect, especially with like racism and discrimination that people of color face. >> people that gathered at 4th and king streets to start in march making their way to hear. but when it gardens, the public display brought all walks of life together. violence prevention, nonprofit united playaz has been taking part for the last 20 and played to see. >> this happening in real time. brings hope because they're the ones he's going to continue to push this line and this legacy mlk day als

a little toddler was killed last week when it big tree fell onto his home in sonoma county are kroger's. theresa spoke with arbery's today about why so many trees are falling and what residents can do to protect themselves. >> this giant tree fell right in the middle of solano avenue in albany. and look at this. this woman standing in front of a fallen tree that almost crushed her home in larkspur. >> you never know where they're going to fall. they know what they're going to fall this fall. >> bob emrich steam working nonstop these days addressing one hot spot after another. i spoke with him about why these storms are creating such dangerous conditions. simply it's all right. so the water. >> we need the water. we need the rain. so. you know, what happens is all the water is saturated with okay. the root systems could not handle it. they're they're giving way. i've seen. >> him in the upper 80 trees and this week i cat't even count anymore. josh johns with our burris now says heavy rains mixed. >> with the high winds created bad combination for trees, especially >> i've seen both but d

whole foods and amazon, kroger, giant changes.hange things are walmart, the largest grocer in the country and costco the ultimate cost containment play costco keeps track of the cost and whenever those costs go down, they ask for lower prices. why does this matter at the end of the day the federal reserve is on a mission to snap inflation and what matters is food inflation, wage inflation. this is the most visible component. i assume the fed won't raise interest rates until consumers trade down the cheaper food. now that's finally starting to happen this is one story. the whole foods cut they won't do it. the actual price rollback they haven't done yet but the fact the consumer may be backing away from higher price foods can trigger that process and the fed should take notice immediately and say tomorrow, that while the work is not done, at least some good things are starting to percolate. i like to say there is always a bull market somewhere and i promise to find it for you here on "mad money. i'm jim cramer see you tomorrow grea

well to that point to i will say that you know there's now a new merger that's up for debate between kroger, albertsons, you know, the the one and two or the two and three depends on how you rank them with what wal mart. but there's a lot of antitrust scrutiny around. but, you know, they're saying themselves that they need to be because of the pressures from wal mart, the pressures from, you know, having such big suppliers. so i think it it continues to have our implications for how we eat today today. absolutely. yeah. well, now, just to pivot away from the concentration of, you know, sort of power in the industry, you had a chapter, you entitled the human cost of eating meat. and when i first saw that title, i thought, oh, well, that's going to be, you know, talk about the how the nutrition factor. it wasn't that was about how you say that the meatpacking but meatpacking is one of the most dangerous jobs in america and it's also a place you describe a lot of situations where you know harassment and violence often goes unaddressed and you also about the salary fees are so low in some cases

they have refrigerators in the pet aisles of retailers of walmart and kroger andtarget and the pet freshaintains and stocks these refrigerators at no cost to the retailer the companies love it. they're able to generate revenue without using any existing shelf space and it is a great move for fresh pet, it makes their peers difficult to compete with. >> fresh pet a buy for you next one is crown holdings this is why i love this, not names we talk about every day. carl icahns who two board seats. 8% stake in the company, shares are under valued, agree? >> yes, i do agree and it is not just carl icahn in this the two are not a group, but they are like minded they both want the company to sell the noncore businesses buy back shares and focus on the beverage business. 75% of new products that go into cans today versus 30% in 2014. >> what is -- i don't know if you expounded on this, is the macro environment creating an opportunity here as well we had so many different supply chain and inflation issues in the pipeline, i don't know if that's wreaked havoc on the stock. >> well, it is affected t

it's like he went to kroger. oh, girl. he spent on you know, we don't have any eggs. we have anegy baby food. this is the united states of america. e ay, all right. okay, speakingunited states of d combinations, tom hanks, the actor recentlyn revealed the only cocktail he ever drinks. now, geico, look at this color is gorgeous, not kind of gorgeous. weous. will debating what the nu of it should be ld. and i came up with it because it is coke and a champagne sauce. >> laura: al, diet coke. all right. apparently, thosel se w who have tried it say ithoed is delicious. it states delicios but given your but jimmy , given your affinitya for the seediest dives in manhattan, what's the weirdest combo you ever drank? the weirds for? f all, let's >> first of all, let's just acknowledge how many actorsisapo tom hanks has disappointed aint a party by offering them diet cocaine only for them to findn' out it wasn't a line that the m they would be snorting inen the men's room. but my go to drink, laura , dust so you know, is calle the kentucky speedball. it is bourbon with a little

looking nice and just a little bit few clouds here and there, but otherwise looking quite pretty kroger. meteorologist kyla grogan here with more. hey kylen. hey there. it's a beautiful day in the neighborhood. i was saying that they're here. >> i want to show everybody. we talked about the fact that high pressure is going to build in and that will start to shoot the storms over the top of a 7 run this through for the next weekend to show you. >> how this kind of comes together happens. you really start to see that pronounced high pressure ridge building in there as we get into next week. i just took you through all the way, not through this weekend, next saturday. and you can see that we're staying dry and has everything to do with this ridge of high pressure that is starting to build. we'll start to see it get stronger as you work over the next few days. low pressure tracked off. that's what brought us a little bit of rain. and that's why we're seeing the sunshine still see some effects of that system down in southern california. but they, too, are going to dry out pretty soon. and it

to welcome back whilst it's easy get caught up in the hysteria of social justice and mike kroger or misgenderingple across the world genuinely struggling for actual bafic genuinely struggling for actual basic human rights you know the sort of things we take for granted being able to wear whatever you like . a prime whatever you like. a prime example of would be iran back in september last year , young girl september last year, young girl was arrested for the crime of refusing to wear a hijab , but refusing to wear a hijab, but simply wearing improperly, not refusing , just wearing it refusing, just wearing it improperly. she was boorish really beaten by the police , really beaten by the police, according to eyewitnesses, and died in their custody. protests erupted across country and are still ongoing. well being that lovely liberal democracy that they are decided to start executing protesters and then just two days ago, excuse you, the former government minister who also happened to be a british citizen named ali reza akbari , contacted the iranian akbari, contacted the iranian government for com

to welcome back whilst it's easy get caught up in the hysteria of social justice and mike kroger or misgenderingple across the world genuinely struggling for actual bafic genuinely struggling for actual basic human rights you know the sort of things we take for granted being able to wear whatever you like . a prime whatever you like. a prime example of would be iran back in september last year , young girl september last year, young girl was arrested for the crime of refusing to wear a hijab , but refusing to wear a hijab, but simply wearing improperly, not refusing , just wearing it refusing, just wearing it improperly. she was boorish really beaten by the police , really beaten by the police, according to eyewitnesses, and died in their custody. protests erupted across country and are still ongoing. well being that lovely liberal democracy that they are decided to start executing protesters and then just two days ago, excuse you, the former government minister who also happened to be a british citizen named ali reza akbari , contacted the iranian akbari, contacted the iranian government for com

for a read on the consumer we all are you're not going to want to miss an exclusive interview with kroger"the closing bell." they will be talk inflation, consumer spending and more 3:00 p.m. eastern. we planned well for retirement, but i wish we had more cash. you think those two have any idea? that they can sell their life insurance policy for cash? so they're basically sitting on a goldmine? i don't think they have a clue. that's crazy! well, not everyone knows coventry's helped thousands of people sell their policies for cash. even term policies. i can't believe they're just sitting up there! sitting on all this cash. if you own a life insurance policy of $100,000 or more, you can sell all or part of it to coventry. even a term policy. for cash, or a combination of cash and coverage, with no future premiums. someone needs to tell them, that they're sitting on a goldmine, and you have no idea! hey, guys! you're sitting on a goldmine! come on, guys! do you hear that? i don't hear anything anymore. find out if you're sitting on a goldmine. call coventry direct today at the number on your

verizon, at&t we're seeing fewer winners in the aisles of home depot fewer winners in the aisles of kroger's tougher it's tougher to find the bull market is tougher but a lot of times, carl, right about now people want to give up we saw it in the flashback to 2011 during the big debt downgrade and what i say to people is i'm not warren buffett. no one is warren buffett you can stay the course. we're not seeing systemic risk. >> reports today that genesis claiming bankruptcy, cutting 30 perfecti30 of staff >> i remain worried. i'm going to remain worried because when you see the number of people that got involved in this stuff, it is extraordinary. i mean, it just seems like that people decided, you know what, i'm going to sell merck and i'm going to buy salono. no no the and those people are still causing pain the one thing that is interesting is that there's not a lot of public trading, and the ones that are, people betting against coinbase. >> the tone this morning is pretty consumer friendly target and costco helping to lead the s&p upgrades of lulu, rcr, mgm. >> you're seeing illinois

on top of that, kroger has announced that their pharmacies will no longer be able to serve tricare beneficiaries. as a result, hundreds of thousands of men and women of the united states armed forces, military retirees and their families are at risk of losing access to necessary prescription drugs and treatment. since that day, beneficiaries in rural communities have been left with no local options to fulfilling their prescriptions. look, i used to own and operate a local pharmacy in. fact i used to own and operate three local pharmacies. i understand that no badly we wan to help people at the end of the day you're running a business and that business needs to be profitable so it can keep its doors open. the sudden and wrongful reduction goes far beyond simply reducing access to care for tricare beneficiaries. for those who need specialty medicine, the mail order pharmacy used by express scripts threatens the medical integrity of the medicine and places the beneficiary at risk of receiving the medications late, danieled or missing. of greater concern it eliminates the crucial role pharmacists pl

so i think you know kroger's well i get what you touched on it that ministers start negotiating. negotiations with the unions tomorrow on this year's pay rise and that will be submitted to the independent review body the independent pay review body to they that to see what they think and that will look at things like inflation, staff levels, retention and so, you know, i'm not going to make comment on what what is going to be on the table at those discussions tomorrow. that's secretary tomorrow. that's what secretary of companions of state and companions to discuss . okay. thank you very discuss. okay. thank you very much for that. that's minister maria caulfield. she's in the health department and she's, as she's pointed out, nurse and she will go back to nursing says if she loses her seat come 2024, well we're going be hearing well we're going to be hearing from streeting for labour's from wes streeting for labour's response the nhs crisis after response to the nhs crisis after this short . he's the king of breakfast tv and he's back and returning to his throne. this is breakfa

as of >> -- last of kroger, they employed 80,000 people and they say they employed too many people. fell in the u.s.. they were down more than 10% and the rate for the average 30 year loan rose almost 6.6%. global news, 24 hours a day, on air and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. >> thank you. -- i am lisa matteo. this is bloomberg. ♪ >> the fiscal situation -- markets have been tolerant about this. recession is likely because of what the fed has to do. they have to drive up rates efficiently. tom: --jonathan: fantastic conversation with bill dudley. that last line is controversial in the fed has to drive up the unemployment rates efficiently to slow down the economy and this is something someone was talking about to meet yesterday. she thinks it will be harder to get unemployment from where it is now around 3.5% to 4.5% and she thinks the fed has more work to do and this is a conversation we will have. lisa went through the economic data. job openings in america is 1.7 job openings her unemployed american. an amaz

bank of america naming walmart, costco, kroger and bj's wholesale top picks for 2023 "squawk box" comingching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq science proves quality sleep is vital to your mental, emotional, and physical health. the sleep number 360 smart bed. it's temperature balancing, so you stay cool. yeah... oh. don't worry i got it! it senses your movements and automatically adjusts to help keep you both comfortable all night. our smart sleepers get 28 minutes more restful sleep per night. so, you're at your best for yourself and those you care about most. save $1000 on the sleep number 360 special edition smart bed queen now only $1999. only for a limited time. to learn more, go to sleepnumber.com. >>> tesla chief elon musk will take the witness stand again today as he defends himself against fraud claims that he lied when he tweeted in 2018 that he ha