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kriti: kroger shares higher by about 4%. again, a similar story to what we were just talking with china read words -- with jon edwards about. wall street split on where this direction goes. nine buys in two cells according to analysts. what is the game changer for kroger in the next quarter? brendan: the game changer for kroger is going to be how their same-store sales do. they are looking for a pretty upbeat number in the next few months, and that will be a big test of whether they can withstand the current economic environment. looming further down the horizon is the albertsons deal, which is still pending. the ceo of kroger said that the company is working constructively with the ftc, but there is a lot of questions, a lot of doubts about whether that deal gets approval. kriti: and it is almost like antitrust, but on the grocery front. it is a fascinating story. brendan case, thank you. time for first word news with john heilemann. >> antony blinken had a surprise encounter with surrogate lavrov on the sidelines of the g2
kriti: kroger shares higher by about 4%. again, a similar story to what we were just talking with china read words -- with jon edwards about. wall street split on where this direction goes. nine buys in two cells according to analysts. what is the game changer for kroger in the next quarter? brendan: the game changer for kroger is going to be how their same-store sales do. they are looking for a pretty upbeat number in the next few months, and that will be a big test of whether they can...
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Mar 2, 2023
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>>> the ceo of kroger's beating on profit and same store sales we'll talk consumer inflation and the bullish outlook, where it all stands with the albertsons deal. >>> taking a check on markets, the crm boost, 12% gain is really giving the dow a lift here, up by 0.50%. s&p, just down fractionally and the nasdaq composite is down by 0.4%, 45 points. >>> with bearish sentiment building on wall street, the cboe says traders are the m mostish since late september and writing, not believe the hype around s&p's 200-day, saying we continue to have doubts of the sustain act of any rally and b of a saying it's too early to dive into growth. all that as the ten-year sits firmly above 10% joining us, cnbc markets commentator, mike santoli. >> we have spent a month, 20-something days above the 200-day moving average if you look in history, any time you have a 20% and rebound it against the 200-day moving average and stay there, you've never gone down to new lows. small sample size. you had a few times in like the 2000, 2002 period where you flirted above it there's no key to unlocking what the m
>>> the ceo of kroger's beating on profit and same store sales we'll talk consumer inflation and the bullish outlook, where it all stands with the albertsons deal. >>> taking a check on markets, the crm boost, 12% gain is really giving the dow a lift here, up by 0.50%. s&p, just down fractionally and the nasdaq composite is down by 0.4%, 45 points. >>> with bearish sentiment building on wall street, the cboe says traders are the m mostish since late september and...
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wal-mart, the largest grocery by sales in america, kroger is the largest by store.ow that kroger had a beat to end last year and increasing their dividends and they're cutting back on stock buy backs in order to reduce debt to buy albertsons, a $20 billion acquisition. really interesting about the state of grocery and why i brought up wal-mart, both of them are seeing that they're seeing an especially strong trade down from wealthier custcustomers and kroger says hr income customers, that segment grew by 1.1 million households in the last three months of last year because of high inflation. 40-year high inflation, slowing economy, meaning wealthy people like you are shopping at krogers. stuart: not yet but might get there. thank you, susan. an agent at drug enforcement administration, dea, testified before congress yesterday. listen to who he blames for the fentanyl crisis. roll it. >> you agree with the sheriffs that immigration has fostered this increase in fentanyl coming across the border? >> 100%. the country is being invaded. here's the problem, congressman, t
wal-mart, the largest grocery by sales in america, kroger is the largest by store.ow that kroger had a beat to end last year and increasing their dividends and they're cutting back on stock buy backs in order to reduce debt to buy albertsons, a $20 billion acquisition. really interesting about the state of grocery and why i brought up wal-mart, both of them are seeing that they're seeing an especially strong trade down from wealthier custcustomers and kroger says hr income customers, that...
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Mar 2, 2023
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i'll take the airline over the kroger's, the alaska airlines or the delta over kroger's. >> why what's a better indicator of what's going to last longer in terms of the consumer cracking >> this is a great question. i'm sorry to jump in but it's a great question and we don't know we don't know. >> i'm talking about what rodney mcmullen just said from kroger, you see it on my screen here the consumer is already acting like we're in a recession. this notion that the consumer is just going to remain strong through everything is specious, no >> how about resilient >> to this point undeniably so. >> this is a cherry pick, kroger, target, macy's, abercrombie & fitch. they missed by 3 cents kohl's slashed inventory which means people are buying. wendy's actually had -- >> but people are buying dramatically marked down merchandise which is why margins are under pressure and earnings estimates are coming down. >> but they're buying. you don't have to look at the aisle of the airplane. you can look more broadly. i have an issue with steve painting this incredibly dreary picture of the economy be
i'll take the airline over the kroger's, the alaska airlines or the delta over kroger's. >> why what's a better indicator of what's going to last longer in terms of the consumer cracking >> this is a great question. i'm sorry to jump in but it's a great question and we don't know we don't know. >> i'm talking about what rodney mcmullen just said from kroger, you see it on my screen here the consumer is already acting like we're in a recession. this notion that the consumer is...
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Mar 3, 2023
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and david -- >> i thought the kroger call was interesting in the sense of saying, like, look, clients clients, expect deflation to basically hit those categories, food categories and essentially really pressure kroger's numbers they're saying it's probably not going to happen this way yes, there are episodes where it does it's more likely disinflation, and kroger trades near its 20-year low in terms of pe >> speaking of businesses, david, that have large food portions, walmart, a company you know better than probably anybody based on the -- >> it was a long time ago at this point >> institutional knowledge >> sometimes yeah >> walmart's ceo, doug mcmillon, plans to stay in the role at least three maore years accordin to "the wall street journal. >> he's 56 i don't think it's considered a big surprise that said, he has been in the job for sometime i can remember his predecessor, mike duke. that was a long time ago he has presided over a significant change at the company. obviously, vastly increasing their digital business and their distribution and doing a lot of other important things
and david -- >> i thought the kroger call was interesting in the sense of saying, like, look, clients clients, expect deflation to basically hit those categories, food categories and essentially really pressure kroger's numbers they're saying it's probably not going to happen this way yes, there are episodes where it does it's more likely disinflation, and kroger trades near its 20-year low in terms of pe >> speaking of businesses, david, that have large food portions, walmart, a...
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Mar 3, 2023
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macy's got a double digit boost in shares on the back of the report kroger delivered an upbeat forecast best buy shares took a hit in the session yesterday despite the holiday beat as the retailer warned of the down year in the consumer electronics industry. nordstrom and costco warpened of weakness in the discretionary items. let's bring in the partner at simon james. thank you so much for being with us based on the earnings reports, how would you categorize the health of the u.s. consumer? >> i think what is interesting is retailers reported of the 6% to 8% top line increase last year, only about two-thirds hit the bottom line. what is worse for this year is cost insurcreases from labor and wages will persist and grow. the same retailers are predicting half of revenue will flow to profits. given the inflation fatigue, many have run out of pricing runway if they make increases, they are risking volumes which will degrade margins further. the way forward is primarily to stabilize and return to baseline earnings this is going to mean operational and financial efficiency that may mean clo
macy's got a double digit boost in shares on the back of the report kroger delivered an upbeat forecast best buy shares took a hit in the session yesterday despite the holiday beat as the retailer warned of the down year in the consumer electronics industry. nordstrom and costco warpened of weakness in the discretionary items. let's bring in the partner at simon james. thank you so much for being with us based on the earnings reports, how would you categorize the health of the u.s. consumer?...
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waiting on macy's, best buy and kroger out before the opening he bell.tting into profits of. we'll get those as they hit the tape coming up. a chicago police officer shot and killed after a foot chase on the city's south side. cheryl casone with details. cheryl: i do want to start with some breaking news that's come in to our newsroom. a new jersey state trooper is in the hospital right now after he was shot in the line of duty overnight. again, we're just learning about this two other troopers also in the hospital, their injuries are unknown at this point. law enforcement are searching for two suspects. one person already in custody. we're going to bring you more on the breaking news as it comes in throughout the morning. and now to that first story that you mentioned, chicago, a police officer shot and killed after a foot chase on the city's south side. the officer responding to the scene where an alleged gunman was chasing a woman down the street. investigators are reviewing body cam footage of the shooting. officials say the 18-year-old suspect was s
waiting on macy's, best buy and kroger out before the opening he bell.tting into profits of. we'll get those as they hit the tape coming up. a chicago police officer shot and killed after a foot chase on the city's south side. cheryl casone with details. cheryl: i do want to start with some breaking news that's come in to our newsroom. a new jersey state trooper is in the hospital right now after he was shot in the line of duty overnight. again, we're just learning about this two other troopers...
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yesterday, where they said 1.1 million high income households started shopping at kroger to end last same thing at walmart as well because of high inflation and a slowing economy. membership fees will be important. i don't know if you pay your $60 a year for that membership fee. i doubt it, but -- stuart: somebody else does. >> but over and over again, on that call people asked well when are you raising the membership fees and they usually do it five -to-six years last one was 2017. sam's club did it last year so let's get going with that and possibly increase the bottom line. stuart: okay, fascinating story and costco is one extraordinary company. >> how often do you actually go to costco? stuart: only when i'm in florida >> of course when you go to meet and greet your fans. stuart: i get mobbed in costco. companies, some of them reported earnings this morning. wait a minute. c 3ai. the moment you say ai, the artificial intelligence, the stock goes up. >> the ticker symbol is ai too, but this is a monster stock, so far, in two months time. up 90% in eight months, right? this is a cy
yesterday, where they said 1.1 million high income households started shopping at kroger to end last same thing at walmart as well because of high inflation and a slowing economy. membership fees will be important. i don't know if you pay your $60 a year for that membership fee. i doubt it, but -- stuart: somebody else does. >> but over and over again, on that call people asked well when are you raising the membership fees and they usually do it five -to-six years last one was 2017. sam's...
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Mar 2, 2023
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if you go to a place like kroger, rodney mcmullin, ceo on the network earlier today, what customers are telling us they're already behaving like they're in a recession. when you hear that, what do you think about? >> there are pockets certainly people are going to the grocery stores. >> of course they're going they have to eat you can trade down. >> right they're buying more goods walmart told us that, kroger told us that as you just mentioned. at the same time the services part of the economy is humming >> answer my question. which aisle do you believe in more or will more influence the way you want to play this market, the aisle of the airplane or the aisle of the grocery store? >> i want to own the airplane for now, but it's not going to be forever 2 there's a lot of pent-up demand, not only here but overseas they haven't begun to see the strength at their retailers in their consumers and all of that. the so i think that for now we'll see when i change my mind. >> okay. >> but i do still want to be involved in that segment within consumer. >> part of my point i think here, too, is yo
if you go to a place like kroger, rodney mcmullin, ceo on the network earlier today, what customers are telling us they're already behaving like they're in a recession. when you hear that, what do you think about? >> there are pockets certainly people are going to the grocery stores. >> of course they're going they have to eat you can trade down. >> right they're buying more goods walmart told us that, kroger told us that as you just mentioned. at the same time the services...
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to kroger, this is both a food and wage inflation story, but it's not hurting the stock either way. the u.s. grocer's profit forecast crushed estimates helped by higher prices, and kroger also says it's going to invest $# 70 -- 770 million to raise hourly wages and improve health care options for its employees. stock's gaining 5.# 3%. off the earlier highs but still nice move to the upside here. tale of two retailers, macy's and best buy both saw a pullback in quarterly sales, but macy's is moving higher by about 11% while best buy is falling by 2%. if you buy that consumer becoming more cautious due to inflation and then superimpose that narrative over rising borrowing rates, here's what you get: a market now betting there is a 30.6% chance of a 50 basis point tightening at the next fed rate announcement. earlier that went as high as 32%. all right. march 22nd is when we find that out, so before then we've got so much to talk about. does that mean we're closer to the end of the rate hike cycle, and is it time to get off the sidelines or stay in high yielding bonds? to our floor sho
to kroger, this is both a food and wage inflation story, but it's not hurting the stock either way. the u.s. grocer's profit forecast crushed estimates helped by higher prices, and kroger also says it's going to invest $# 70 -- 770 million to raise hourly wages and improve health care options for its employees. stock's gaining 5.# 3%. off the earlier highs but still nice move to the upside here. tale of two retailers, macy's and best buy both saw a pullback in quarterly sales, but macy's is...
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Mar 2, 2023
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new 52-week lows still ahead more on the pulse of the consumer we're going to talk to the chief of kroger of results in the next hour. ayitus thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. because once you experience thinkorswim® by td ameritrade ♪♪♪ there's no going back. the first time you made a sale online was also the first time you heard of a town named... dinosaur? we just got an order from a dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. godaddy. tools and support for every small business first. fourth quarter results making those activists in the stock happy. ceo marc benioff telling investors they've hit the hyper space button on its strategy elliott management praising the report and sa
new 52-week lows still ahead more on the pulse of the consumer we're going to talk to the chief of kroger of results in the next hour. ayitus thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change...
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most open around a different, a related to how they dealt with vaccines and, you know, protections, kroger, 19. um, i think in sweden you know, that there's ultimately, it's going to come down to trust to the maybe perhaps is more trust of the government there. i will still highlight though that it's still there. they're saying around 6 or 7000 people in sweden at a 10400000. so i wouldn't say it's totally common place, but it certainly is much more widespread in sweden than it is in other countries. and so i do think that they are a global leaders in the space and it's, it is more people utilizing it there. why exactly is a great question. i certainly think that did that other numbers of people that are, you know, kind of leading edge of trying to look at how they can enhance their health in and basically use technology to provide maximum benefit and convenience. and sweden seems to be the global leaders in that. and now what are people who will not want a check money on the margins of society, or maybe they'll simply not use some amenities just like people today who do not have smartphon
most open around a different, a related to how they dealt with vaccines and, you know, protections, kroger, 19. um, i think in sweden you know, that there's ultimately, it's going to come down to trust to the maybe perhaps is more trust of the government there. i will still highlight though that it's still there. they're saying around 6 or 7000 people in sweden at a 10400000. so i wouldn't say it's totally common place, but it certainly is much more widespread in sweden than it is in other...
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Mar 2, 2023
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alix: kroger felt comfortable pricing on prices. mike: if spending overseas doesn't count. alix: if it doesn't count than i am sticking to my budget. guy: we are all waiting for italian retail sales. alix: thanks a lot john and mike. we are looking at live pictures of gina raimondo, she's in a fireside chat with peggy collins. feel free to watch that live on the terminal. she is talking about ceos being optimistic and that were mostly out of the woods with supply chain bottlenecks. the question of the day, as a shopping cart half full or half empty? we will be speaking with honest osseo -- anastasia amoroso from my capital, this is bloomberg. ♪ >> we are stuck in this range in the market continues to grind sideways between all these levels of resistance, support. if you are a yield hungry investor, treasury bonds are the right option here. alix: the whole curve is above 4%. our question of the day, is the shopping cart half full or half empty? we will ask anastasia amoroso you could ask that from an eco-point of view? anastasia: i think the cart is half full. the reason i s
alix: kroger felt comfortable pricing on prices. mike: if spending overseas doesn't count. alix: if it doesn't count than i am sticking to my budget. guy: we are all waiting for italian retail sales. alix: thanks a lot john and mike. we are looking at live pictures of gina raimondo, she's in a fireside chat with peggy collins. feel free to watch that live on the terminal. she is talking about ceos being optimistic and that were mostly out of the woods with supply chain bottlenecks. the question...
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Mar 11, 2023
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against that truth. [ applause ] >> decades down the road, if i see some bitch in the parking lot of a krogeramming her and her stupid kia shopping cart. [ applause ] >> this is not mean girls - mean girls are just rich -- we are talking about friends. that's a difference. >> kennedy. [ applause ] >> i think you were the queen of mtv. >> do not tell julie brown that. >> we'll tell her, she's not here. you saw that. you saw that term, you were always cool on mtv. was that true with the mean girls thing? everyone knows that. everyone who had been to high school and everyone knows life is a continuation of high school. you think you are going rp to leave it behind in adolescence but you see the same architect over and over. i was never a mean girl, they said i was geek-sheik because i wore geeky pants. i have to say david mcdowell. if i had to call dagen in the middle of the night, god forbid, i am in trouble, i need you to dispoe a body. >> you know what she would say? leave it in the bathtub to drain it, i will be there in 45 minutes. >> me too, right? if i called you? >> i have a bag of lime
against that truth. [ applause ] >> decades down the road, if i see some bitch in the parking lot of a krogeramming her and her stupid kia shopping cart. [ applause ] >> this is not mean girls - mean girls are just rich -- we are talking about friends. that's a difference. >> kennedy. [ applause ] >> i think you were the queen of mtv. >> do not tell julie brown that. >> we'll tell her, she's not here. you saw that. you saw that term, you were always cool on...
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Mar 14, 2023
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. >> so kroger and albertsons are trying to merge in a nearly $25 billion deal, and you see the mergersthe prices. >> this is massive supermarket merger that is two of the largest chains in the country, and last year, the combined companies had over $200 billion in sales and 700,000 workers and so it is a massive deal. they say that the new company would allow them to drive down the prices for customers and better compete with walmart and amazon, but there is a lot of concern about this, because corporate consolidation raises the prices for customers, and the critics worry it is going to drive out the local mom and pops and hurt competition, and ultimately raise prices for the customers. >> that is not what we want to hear, ultimately raising prices for customers. thank you, nathaniel. >>> a new bill is ensuring that all employees will get 40 hours of paid leave and also covered child care and covered appointments and paid leave, and when it kicks n illinois is only the third state to have that type of law joining maine and nevada. >>> facebook's parent company meta said it is eliminati
. >> so kroger and albertsons are trying to merge in a nearly $25 billion deal, and you see the mergersthe prices. >> this is massive supermarket merger that is two of the largest chains in the country, and last year, the combined companies had over $200 billion in sales and 700,000 workers and so it is a massive deal. they say that the new company would allow them to drive down the prices for customers and better compete with walmart and amazon, but there is a lot of concern about...
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Mar 2, 2023
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earnings are set to continue in the sector stateside with macy's and kroger all reporting this week weid get into target coming out earlier this week. seeing slight growth in holiday quarter sales. target had been a big name over the course of the pandemic with regards to inventory issues. it is interesting to see how inventory levels have evolved at the retailers reporting today. target warned of continued slowdown the ceo's insight saying that the environment is challenging with groceries and beauty items as consumers are focused on necessities. what does it mean for nordstrom today or others without a kb grocery business we are in a bit of a holding pattern. not much of note on the board. nasdaq is poised to open 100 points lower i think as we head into the u.s. session, one thing to bear in mind, a lot of attention on the eurozone cpi print which is due out in five minutes and we saw the u.s. treasury yield move for the first time since november. investors pricing in a more aggressive path of rate hikes now. the federal reserve is front and center what we hear from the retailers wi
earnings are set to continue in the sector stateside with macy's and kroger all reporting this week weid get into target coming out earlier this week. seeing slight growth in holiday quarter sales. target had been a big name over the course of the pandemic with regards to inventory issues. it is interesting to see how inventory levels have evolved at the retailers reporting today. target warned of continued slowdown the ceo's insight saying that the environment is challenging with groceries and...
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the british could not prove a direct connection between the krogers and ben, ben himself denied everythingintances, but here the materials of the investigation of the operation and the normative came to the usa, which said that the kroggers were actually forged by soviet spies. sentenced to 205 years in prison will receive soviet passports a small kopeck piece and life, like everyone else in these of people. that any any of your losses and hardships. they, but always do not benefit you, but the countries certainly do not benefit, only two participants in the operation and normas borkovsky and feklistov lived to the rank. the rest of him was awarded the hero of russia posthumously, largely thanks to foreign intelligence in the ussr, not only the first nuclear bomb appeared, but also the whole nuclear industry, which began to develop independently without looking back to the west , the fact that we created nuclear weapons, and that our intelligence is very serious helped. it was, of course, very important.
the british could not prove a direct connection between the krogers and ben, ben himself denied everythingintances, but here the materials of the investigation of the operation and the normative came to the usa, which said that the kroggers were actually forged by soviet spies. sentenced to 205 years in prison will receive soviet passports a small kopeck piece and life, like everyone else in these of people. that any any of your losses and hardships. they, but always do not benefit you, but the...
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Mar 31, 2023
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alphabet and amd are down this week, not up defensive stocks like united health, humana, pfizer clorox, kroger'salso down you see here cyclicals up, defensive stocks general low to the downside that's a sign of optimism overall. i don't want to take anything away from q1 for the tech. this is amazing when you get the five or six tech names moving 15, 20%. the fact that these are the biggest numbers out there, they move up so strongly, they themselves move the entire s&p 500. the rest of the s&p 500 is relatively underperforming in the last week the character of the market is changing and that's why people are feeling rather bullish right now if you take a look at the vix here, the most important chart for the month here, started at 19, went to 30 and back here to 18 contessa, the bottom line is it's a goldilocks thing. the market is anticipating a modest recession and a top in the rate hikes from the fed coming very, very soon they might be wrong but that's how they're reading it right now. >> bob pisani, thank you for that let's get a check on bonds the yield on the 10-year is flat, about 3.5%,
alphabet and amd are down this week, not up defensive stocks like united health, humana, pfizer clorox, kroger'salso down you see here cyclicals up, defensive stocks general low to the downside that's a sign of optimism overall. i don't want to take anything away from q1 for the tech. this is amazing when you get the five or six tech names moving 15, 20%. the fact that these are the biggest numbers out there, they move up so strongly, they themselves move the entire s&p 500. the rest of the...
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Mar 22, 2023
03/23
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that are seeing the issue still, stuart, big retailers you can see from cvs, walgreens, wal-mart and krogersiness they continue to limit purchasing even now. now this latest inquiry from the house oversight committee that follows inquiries ongoing the department of justice has ongoing criminal investigation into abbott as well as ftc, sec and there are numerous lawsuits filed against abbott even as of now. stuart: lydia hu, thank you very much indeed. in a related kind of subject, children under 2 are currently allowed to sit on their adult's laps during flights. but now flight attendants want to put an end to that. what's the problem? lauren: turbulence. if you think of it like this, a 20-pound baby on your lap in severe turbulence weighings 200 pounds and that's heavy for adult arms to handle during turbulence and flight attendance want to ban lap babies and require anyone under the age of 2 to sit in a car seat in a separate seat. they've been pushing this for awhile, but now recently a 14 month old baby was injured on a flight with severe turbulence. my question is, okay, do you have to
that are seeing the issue still, stuart, big retailers you can see from cvs, walgreens, wal-mart and krogersiness they continue to limit purchasing even now. now this latest inquiry from the house oversight committee that follows inquiries ongoing the department of justice has ongoing criminal investigation into abbott as well as ftc, sec and there are numerous lawsuits filed against abbott even as of now. stuart: lydia hu, thank you very much indeed. in a related kind of subject, children...
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Mar 2, 2023
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meantime, kroger is leading the staples group after beating estimates.ing customers are already behaving like they're in a recession, looking to stretch their budgets. companies are given almost a 4% boost. sprouts sharply higher different story for tyson and hormel hormel disappointed a disappointing quarter. and another big downside mover was box, shares are on base for their worst day since 2020, down almost 15% why? weak forecast for the current quarter and full year. and they're just the latest company to put out cautious guidance all of these names have mentioned cautious outlooks for the year, as a factor that's weighed on stocks. bet's get to bertha now. >>> increased demand for the diabetes drug ozempic has made it hard to find. but it's not just because more prescriptions are being written. many independent pharmacies are not carrying it because the wholesale price they pay is higher than the reimbursement they get from insurers this is the way our health care works. and there is no less expensive version right now. it's a common problem for sm
meantime, kroger is leading the staples group after beating estimates.ing customers are already behaving like they're in a recession, looking to stretch their budgets. companies are given almost a 4% boost. sprouts sharply higher different story for tyson and hormel hormel disappointed a disappointing quarter. and another big downside mover was box, shares are on base for their worst day since 2020, down almost 15% why? weak forecast for the current quarter and full year. and they're just the...
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Mar 6, 2023
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. >>> still ahead, kroger told us its consumers are already acting like they're in recession. is the same true for the luxury consumer we'll ask ceo of saks, marc mettrick next. apple with bull rating services can be a driver there the stock is leading and technology is leading the overall market it's alpha, phetalab, amazon, all in the driver's seat more "squawk on the street." ♪♪ choosing miracle-ear was a great decision. like when i decided to host family movie nights. miracle-ear made it easy. i just booked an appointment and a certified hearing care professional evaluated my hearing loss and helped me find the right device calibrated to my unique hearing needs. now i enjoy every moment. the quiet ones and the loud ones. make a sound decision. call 1-800 miracle now, and book your free hearing evaluation. consumer, despite higher inflation, saks is finding shoppers have an appetite for luxury and travel. the latest survey out this morning, 62% of respondents plan to spend on luxury items in the next three months. 72% of them have booked or plan to book a trip joining us fi
. >>> still ahead, kroger told us its consumers are already acting like they're in recession. is the same true for the luxury consumer we'll ask ceo of saks, marc mettrick next. apple with bull rating services can be a driver there the stock is leading and technology is leading the overall market it's alpha, phetalab, amazon, all in the driver's seat more "squawk on the street." ♪♪ choosing miracle-ear was a great decision. like when i decided to host family movie nights....
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global story, not only small business owners in morning, but kroger, macy's, best buy, walmart, target, really just shows sort of this global inflationary problem, lydia. lydia: reminds me of the other stories we heard circling back to the pizza place. new york city known for dollar slices. dollar slices no longer. brian: trying to do that on top of the crime problem. good for them staying strong. they need political leaders to stay strong as they are. let's hope we get it in new york at some point? taylor: thank you for joining us for "the big money show." "making money" charles payne starts right now. charles, are you looking at the 10-year yield? charles: i was at my grand daughter's play, i wasn't watching market or anything. we're doing good with the yield breaking through 4%. lydia: approximately said. charles: good afternoon, i'm charles payne. this is "making money." breaking at the moment it is captivating the nation. self-inflicted wounds and the status quo have taken a toll in the court of public opinion. so i will ask lance roberts and kenny polcari what their verdicts are.
global story, not only small business owners in morning, but kroger, macy's, best buy, walmart, target, really just shows sort of this global inflationary problem, lydia. lydia: reminds me of the other stories we heard circling back to the pizza place. new york city known for dollar slices. dollar slices no longer. brian: trying to do that on top of the crime problem. good for them staying strong. they need political leaders to stay strong as they are. let's hope we get it in new york at some...
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stuart: krogers.art is the largest by volume, they expect to keep paying a dave end, in fact, they say we'll increase our dividend over time but we have to pause the share repurchases because of the acquisition of albertsons, i think, for $28 billion. stuart: best buy. >> sales did better than expected, but the problem is they're saying we're going to see sales drop by 3w-6%. it's because of that remote work boom where where you had to get your pcs and laptops to work. stuart: okay. let me turn to david bahnsen. you're the dividend guy. you like apollo. first of all, what does apollo do and what do they pay? >> apollo is an asset manager. they're investing in private equity and debt and real estate, and they grow -- similar to blackstone, which you and i have talked about many times on the show. apolo apollo's really -- apollo's really good at what they do. everyone knows who goldman sachs is, everything they said was on how we want to become basically more like apollo and blackstone. stuart: really?
stuart: krogers.art is the largest by volume, they expect to keep paying a dave end, in fact, they say we'll increase our dividend over time but we have to pause the share repurchases because of the acquisition of albertsons, i think, for $28 billion. stuart: best buy. >> sales did better than expected, but the problem is they're saying we're going to see sales drop by 3w-6%. it's because of that remote work boom where where you had to get your pcs and laptops to work. stuart: okay. let...
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Mar 4, 2023
03/23
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state attorneys general is going to make pharmacies like cvs, albertsons, rite aid, walmart, costco, krogeris an enormously safe medication. it is been studied over and over again. in fact, it is 18 times safer for a person to take the abortion pill than it is to give birth. it is generally safer to have an abortion and to give birth, but even more so to take a medication. but until then we have a male to get in pharmacies because abortion everything around it is regulated in ways that don't have anything to do with medicine and everything to do with politics. so when the biden ministration tried to enlarge these possibilities, in part recognizing that access is so much more complicated, trying to make more avenues given that a third of the states have banned abortion, it's like a game of whack-a-mole. it's that they've made clinics are held to walk into. they shut them down and all those states. so the prospect that people might be able to get an abortion pill without having to wait weeks anxiously to figure out if it's gonna get there through the mail, because we know the mail is complica
state attorneys general is going to make pharmacies like cvs, albertsons, rite aid, walmart, costco, krogeris an enormously safe medication. it is been studied over and over again. in fact, it is 18 times safer for a person to take the abortion pill than it is to give birth. it is generally safer to have an abortion and to give birth, but even more so to take a medication. but until then we have a male to get in pharmacies because abortion everything around it is regulated in ways that don't...
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Mar 2, 2023
03/23
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CNBC
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worried if the worst is still to come joining us, melissa -- david, let me start with you we had the krogereo saying consumers are acting like we're already in recession what do you think is going on? >> i think the overall media message coming out is there is going to be a tightening in spending on the consumer side, they keep running into that one item that sticks in their head right now, eggs, for some reason, which i can't imagine eggs as the big item that's what they're benchmarking against. this has an odd -- actually food inflation on a daily basis, se seeing elsewhere, which is really not the case, not at the moment >> right melissa, what would you add to that are there inconsistencies or consistencies as we work through these results? >> really across the board, i'm hearing from every retailer they're seeing people focused on needs versus wants so, they're gushing over a playbook they haven't had to use in a while, which is how do you deal with sales that is slower one of the tools they often pull is promotions. we thought about over the holiday season that's really something inves
worried if the worst is still to come joining us, melissa -- david, let me start with you we had the krogereo saying consumers are acting like we're already in recession what do you think is going on? >> i think the overall media message coming out is there is going to be a tightening in spending on the consumer side, they keep running into that one item that sticks in their head right now, eggs, for some reason, which i can't imagine eggs as the big item that's what they're benchmarking...
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Mar 31, 2023
03/23
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KRON
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kroger's michael thomas is live in san jose with what's going on today. michael. >> hey, good morning, everyone. the 64 year-old is set to arrive here in court around 11 o'clock and she could be facing up to 20 years in prison, according to the feds in this criminal complaint. well, they say that she spent almost the last decade of her career at the san jose police association, drug dealing around the world and she was using the associations computer to do it. take a look at this photo that we for this is 64 year-old joanna segovia. now she is the center of an internally internationally produced drug shipping case facing drug charges for importing and exporting opioids like fentanyl across the bay and across the country. >> she's also the executive director for the san jose police association and has been since 2003, but she is currently on leave. now the feds say she's been getting packages filled with thousands of illegal narcotic pills from places like hong kong and india. since 2015, it's not just one or 2 packages they see with 61 packages. that's an
kroger's michael thomas is live in san jose with what's going on today. michael. >> hey, good morning, everyone. the 64 year-old is set to arrive here in court around 11 o'clock and she could be facing up to 20 years in prison, according to the feds in this criminal complaint. well, they say that she spent almost the last decade of her career at the san jose police association, drug dealing around the world and she was using the associations computer to do it. take a look at this photo...
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Mar 1, 2023
03/23
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of discretionary stuff, handbags, clothes, et cetera it does bode better at least for costco and kroger who sell a lot of groceries >> all right melissa. thank you. we've got to close out here. that does it for overtime. "fast money" begins right now. >>> right now on "fast" tesla's investor day under way we're expecting elon musk to announce his long-term expansion plans, a potential new factory in mexico, a new model y and more will this be enough to keep this year's bull run rocking? we'll debate that, the sales force surge, rocking harder on a beat and strong guidance and a large buyback. we'll begin side the numbers minutes from now and later washington's anti-esg moment moments ago. the senate has voted to repeal a rule that allows retirement plans to consider climate change and other esg factors into their investment decisions how big a blow will this be to the trillions in these funds elittle's major price cut that will make getting insulin for diabetics much cheaper i'm melissa lee. this is "fast money. got a full desk, steve grasso, karen firn man, dan nathan and courtney garc
of discretionary stuff, handbags, clothes, et cetera it does bode better at least for costco and kroger who sell a lot of groceries >> all right melissa. thank you. we've got to close out here. that does it for overtime. "fast money" begins right now. >>> right now on "fast" tesla's investor day under way we're expecting elon musk to announce his long-term expansion plans, a potential new factory in mexico, a new model y and more will this be enough to keep...
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Mar 3, 2023
03/23
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discretionary so that hurt and will hurt retailers like snord strm, best buy but have really helped kroger other shoppers are spending like it's a recession. we're seeing little hints and retailers i think brace for what could be a rocky area ahead. >> that's where i wanted to go for the last bit is this idea of recession has been floating out there forever. for a while we were talking ourselves into one. what do analysts think now is this a soft landing? >> all of the above, i know. no one knows. i think there are a number of people bullish, who are are optimistic to your point think maybe we were too negative talking ourselves into it and again comes down to the next inflation numbers and see whether or not january was a blip or we really made progress in tackling those numbers. >> those will be coming up in the coming days. business and policy reporter for "the new york times" lauren hersh we appreciate your analysis. >>> still ahead former vice president mike pence won't say whether he'll support donald trump's bid for the republican nomination. what it spells for his own potential unr
discretionary so that hurt and will hurt retailers like snord strm, best buy but have really helped kroger other shoppers are spending like it's a recession. we're seeing little hints and retailers i think brace for what could be a rocky area ahead. >> that's where i wanted to go for the last bit is this idea of recession has been floating out there forever. for a while we were talking ourselves into one. what do analysts think now is this a soft landing? >> all of the above, i...
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Mar 22, 2023
03/23
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KRON
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let's get a look at a kroger's will tran live in san mateo county with the latest.ill. >> this is often edgewood road. and i want to show you cars are waking up thinking this road is available to them and it is not. you can see them making u turns as we speak because it is not available to them. we've seen many cars actually almost plow through this sign here. despite all the cones and the signs and even electronic sign here telling people it is shut off. you know, this is not available to you and won't be available to you for quite some time. in fact, let me show you some video about a half mile from this location. and i did talk to public works about 10 minutes ago. >> they will be back out here at 7.30, in the morning to try to clear this landslide that took place between midnight and 1 o'clock in the morning. so about 5 to 5 or 6 hours ago. this came down because of all that saturated ground and it covered a lot of the roadway and simply too dangerous, of course, where cars they even get close to it, which is why they have the barricades about a half mile from t
let's get a look at a kroger's will tran live in san mateo county with the latest.ill. >> this is often edgewood road. and i want to show you cars are waking up thinking this road is available to them and it is not. you can see them making u turns as we speak because it is not available to them. we've seen many cars actually almost plow through this sign here. despite all the cones and the signs and even electronic sign here telling people it is shut off. you know, this is not available...
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Mar 6, 2023
03/23
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KRON
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kroger is recruiting former employees as well. and twitter reported a drop in revenue and earnings in december. after many advertisers abandoned at the wall street journal reports twitter lost 40% of its revenue that month. the platform made its first interest payments on the 12 and a half billion in debt that ceo elon musk used to take the company private last year. and costco is maintaining the low rotisserie chicken prices. the membership warehouse has kept the rotisserie chicken price at 4.99. they say it's an investment to drive membership and also bring people in the store live from the nasdaq market site. i'm jane king. that's great. but they're going to raise the rates. they said because they do every 5 years or so. we've got to pay for it somewhere will use. >> you spent 200 bucks when you go in anyway. what's the other? all right. thanks a lot, right? >> 7.21. the time now to a story for your health this morning. the california department of health has announced that starting april 3rd, there will be no more mask or covi
kroger is recruiting former employees as well. and twitter reported a drop in revenue and earnings in december. after many advertisers abandoned at the wall street journal reports twitter lost 40% of its revenue that month. the platform made its first interest payments on the 12 and a half billion in debt that ceo elon musk used to take the company private last year. and costco is maintaining the low rotisserie chicken prices. the membership warehouse has kept the rotisserie chicken price at...
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Mar 22, 2023
03/23
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FBC
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grocery stores are mixed at the moment, but i've been watching kroger today, and it's been in the green pretty solidly, still up about 1.5%. albertsons up 1.75%. walmart, target down. the dow jones industrials has gone south once again, and it is getting keeper into the red, down 240 points. the low of the session, a loss of 271. s&p and nasdaq are also now red. was that you, gene? you wanted to get in or kenny? >> no, i was going to say i think the market's throwing a temper tantrum because they want to hear rate cuts by the summer, and i don't think they're going to the hear that. liz: he didn't say that. that's true, gene. >> right. liz: he said we're going to keep going. >> we might, pretty soon we may hear some of that. >> listen, i'm going to the supermarket right now. i gotta go shopping to make pasta for tonight, so i'll let you know -- [laughter] liz: okay, we're going to put the recipe up on my facebook page. look for it later. [laughter] kenny, gene with, great to have you. again, as we continue to watch -- [laughter] not funny, because we -- the vix, oddly, is still down abo
grocery stores are mixed at the moment, but i've been watching kroger today, and it's been in the green pretty solidly, still up about 1.5%. albertsons up 1.75%. walmart, target down. the dow jones industrials has gone south once again, and it is getting keeper into the red, down 240 points. the low of the session, a loss of 271. s&p and nasdaq are also now red. was that you, gene? you wanted to get in or kenny? >> no, i was going to say i think the market's throwing a temper tantrum...
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Mar 28, 2023
03/23
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CNNW
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you can buy an ak out of the out of the trunk of a car and a kroger parking lot, tennessee, you know, we've allowed permit lys carry in tennessee and our governor had the goal to sign that bill. and a beretta manufacturing plant here in tennessee. i mean, that's the climate in which i said that's the uphill battle that i'm fighting and helping the lead in the state of tennessee. but you know what i need is the people of tennessee and i believe the vast majority of tennesseans. want gun sense legislation. they don't think that allowing anyone to carry a hand or an ak in public without a permit or without any training. uh you know that they bought out the trunk of a car in a parking lot . they don't need to be carrying those two little league baseball games or in front of school buildings, which is allowed you need real action, not just in d c but in every state house across this country and that's what we're trying to do. you know, public support their national polls show the same thing that the vast majority of people do support stricter gun legislation. you went to the site of the sh
you can buy an ak out of the out of the trunk of a car and a kroger parking lot, tennessee, you know, we've allowed permit lys carry in tennessee and our governor had the goal to sign that bill. and a beretta manufacturing plant here in tennessee. i mean, that's the climate in which i said that's the uphill battle that i'm fighting and helping the lead in the state of tennessee. but you know what i need is the people of tennessee and i believe the vast majority of tennesseans. want gun sense...
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Mar 3, 2023
03/23
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upping rewards on loyalty programs >> reporter: as the grocery wars heat up, traditional chains like krogering on reputation to establish their own brand loyalty. >> what we find is customers going from national brand to our brands, and a customer is able to save 7 to 10% on a basket of goods when they buy our brands >> reporter: they are also leaning into digital coupons, a big hit with shoppers. >> for us, our business model is designed to be successful regardless of the environment. >> reporter: the changing landscape can mean good news at the checkout stores like aldi which continue to expand, entice customers with cheap prices on popular brands >> i think the prices are really good and we have a lot of good options. and i really like the frozen food section. >> i save about $100 at least a month. >> reporter: discount stores are making a deep dent, too. >> i spent $35 on a week's worth of groceries at dollar tree. >> reporter: with 1 in 5 peopl shopping for groceries at dollar chains. >> they want you to see that they have the exact same quality of a name brand for much less. and often
upping rewards on loyalty programs >> reporter: as the grocery wars heat up, traditional chains like krogering on reputation to establish their own brand loyalty. >> what we find is customers going from national brand to our brands, and a customer is able to save 7 to 10% on a basket of goods when they buy our brands >> reporter: they are also leaning into digital coupons, a big hit with shoppers. >> for us, our business model is designed to be successful regardless of...
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Mar 17, 2023
03/23
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KTVU
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s economy, kroger is using its smart way products line to offer basic groceries at the lowest price pointing up on more food and household necessities. macy's walmart, costco and others are looking to bring in more sales with loyalty programs and membership benefit programs to keep those loyal customers. and social media influencers are now weighing in on personal health and treatment. now that comes with a word of caution from healthcare providers. some influencers, who are struggling with medical issues are using their platforms to build small communities with others talking about various illnesses and medications, healthcare professionals say, although information sharing is healthy for patients you should still talk to your doctor about any medical concerns. you have. they do it in a variety of ways, like patient panels, advisory boards that's always happened, but now we're also seeing pharmaceutical companies send content to patients, asking them to post and promote certain drugs or raise awareness about certain diseases. and that practice needs more investigation. there has been an
s economy, kroger is using its smart way products line to offer basic groceries at the lowest price pointing up on more food and household necessities. macy's walmart, costco and others are looking to bring in more sales with loyalty programs and membership benefit programs to keep those loyal customers. and social media influencers are now weighing in on personal health and treatment. now that comes with a word of caution from healthcare providers. some influencers, who are struggling with...
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Mar 2, 2023
03/23
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BLOOMBERG
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best buy, kroger before the market. after the bell, nordstrom and posco. do we see what we saw yesterday from polls, and negative outlook going forward, negative margin compression basically seeing a lack of profitability in a time of inflation. retailing index, we have gone full circle this year. we saw bigger recoveries. people said, by the beaten up stocks. that has almost been completely given up as we get earnings. 8:30 a.m., we get initial jobless claims. could this be the way the market is moving? if it is some 2000, does this only confirm what we were talking about before? stickier inflation, stronger labor market longer? today, fed speak does include chris waller, minneapolis fed president talking about how he is open to a 50 basis point move at the meeting later this month. this is new. we accelerating rate hikes rather than staying at the 25 basis point mark. jonathan: also i'll -- also rafael bostic talking up maybe 525, well into 2024. pushing that story right the way through next year. lisa: this is new trajectory. the data has clearly concer
best buy, kroger before the market. after the bell, nordstrom and posco. do we see what we saw yesterday from polls, and negative outlook going forward, negative margin compression basically seeing a lack of profitability in a time of inflation. retailing index, we have gone full circle this year. we saw bigger recoveries. people said, by the beaten up stocks. that has almost been completely given up as we get earnings. 8:30 a.m., we get initial jobless claims. could this be the way the market...
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Mar 4, 2023
03/23
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CSPAN
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i work at kroger still at my age and people are walking in. this is not san francisco, this is nashville. they walk in and we had to stand there and watch. customers walk in awe. my friend son got his head blew off two years ago. his wife committed suicide over this. they have not found the young man that killed him over a watch and a car. we have to break drivers getting robbed. everything you here in san francisco and new york, remember everything happens on the west coast and east coast lite comes to the center of the country. the gentleman who called about the warning signs, when i was a young man, we had to drop because russians were coming. the russians were not coming but we went through that. one think i heard that carrie is true today, if the red the chinese effort decide to march on america -- ever decide to march on america, we are in trouble. host: sandra in missouri. did i pressed the wrong button? sandra, are you there? caller: i am here. host: go ahead. caller: i'm in st. louis and i am concerned about the young youth crime. we
i work at kroger still at my age and people are walking in. this is not san francisco, this is nashville. they walk in and we had to stand there and watch. customers walk in awe. my friend son got his head blew off two years ago. his wife committed suicide over this. they have not found the young man that killed him over a watch and a car. we have to break drivers getting robbed. everything you here in san francisco and new york, remember everything happens on the west coast and east coast lite...
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Mar 4, 2023
03/23
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CSPAN
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i work at kroger still at my age and people are walking in.his is not san francisco, this is nashville. they walk in and we had to stand there and watch. customers walk in awe. my friend son got his head blew off two years ago. his wife committed suicide over this. they have not found the young man that killed him over a watch and a car. we have to break drivers getting robbed. everything you here in san francisco and new york, remember everything happens on the west coast and east coast lite comes to the center of the country. the gentleman who called about the warning signs, when i was a young man, we had to drop because russians were coming. the russians were not coming but we went through that. one think i heard that carrie is true today, if the red the chinese effort decide to march on america -- ever decide to march on america, we are in trouble. host: sandra in missouri. did i pressed the wrong button? sandra, are you there? caller: i am here. host: go ahead. caller: i'm in st. louis and i am concerned about the young youth crime. we us
i work at kroger still at my age and people are walking in.his is not san francisco, this is nashville. they walk in and we had to stand there and watch. customers walk in awe. my friend son got his head blew off two years ago. his wife committed suicide over this. they have not found the young man that killed him over a watch and a car. we have to break drivers getting robbed. everything you here in san francisco and new york, remember everything happens on the west coast and east coast lite...
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Mar 19, 2023
03/23
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KRON
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thanks so much for joining us here at the kroger weekend news. i'm stephanie lin. triple action sleep supplement... to daily digestive support... to more wellness solutions every day. get more with nature's bounty. dancing is everything. soccer is the best. but her moderate to severe eczema could make it hard for her. my skin was so itchy. and my outfit was uncomfortable. now, my skin's not as itchy. now we're staying ahead of her eczema. there's a power inside all of us, to live our passion. and dupixent works on the inside, to help heal your skin from within. it helps block a key source of inflammation inside the body that can cause eczema. so they can have clearer skin and less itch. serious allergic reactions can occur that can be severe. tell your doctor about new or worsening eye problems such as eye pain or vision changes including blurred vision, joint aches and pain, or a parasitic infection. don't change or stop asthma medicines without talking to your doctor. healing from within is a wonderful thing. ask your child's eczema specialist how dupixent can he
thanks so much for joining us here at the kroger weekend news. i'm stephanie lin. triple action sleep supplement... to daily digestive support... to more wellness solutions every day. get more with nature's bounty. dancing is everything. soccer is the best. but her moderate to severe eczema could make it hard for her. my skin was so itchy. and my outfit was uncomfortable. now, my skin's not as itchy. now we're staying ahead of her eczema. there's a power inside all of us, to live our passion....