chuck: the logical competitor could be kroger, target. could argue cosco although they have been very strong. it is probably a combination of target and kroger maybe amazon. annmarie: what you make of walmart laying off individuals on the corporate side? chuck: that's them trying to refine the cost basis. they exited close to 50 of their health centers. looking at their cost base and trying to be prudent. jonathan: the stock is up by 5%. when i by this name and put it on my portfolio this name is somewhat defensive. you talked about the offensive characteristics that come with walmart as well. chuck: for the past 20 years walmart has been a defensive name when times get tough they flock walmart. the model is changing. the business mix with advertising, data, marketplace. they are trying to attract high income customers. it's balancing out. it reminds me of costco. they have both offensive and defensive character mistakes and walmart starting to get there you see that in the multiple now and one thing we haven't talked about is traffic. th

. >>> there's also word coming in, the shooting at a very busy kroger's grocery store. police racing to the scene. what they revealed moments ago. >>> the deadly house explosion and fire tonight. authorities now saying at least two people have been killed. tonight, the new severe weather threat as we come on the air across multiple states, possible tornadoes, damaging winds and the change rouse storms taking aim tomorrow. >> america strong tonight. the move by major league baseball to make sure the stars of the negro league that their stats are now part of the majors, too. also tonight, north korea dropping balloons on south korea and what was inside them. and the giant pandas on their way to america. ♪ ♪ >>> from abc news world headquarters in new york, this is "world news tonight" with david muir. >> david: good evening. it is great to have you with us here on a very busy wednesday night. we do begin with the breaking news involving donald trump and his fate in the hands of the jury. they're four hours into the deliberations, the signal inside that courtroom, the bell

this will allow rx to offer coupons at over 2000 kroger pharmacy locations. good rx at kroger initially ended their relationship in 2022, so think of this as a partnership renewal that brings savings to customers, shares up 10%. shares of the brazilian oil giant plunging as the ceo steps down following months of tension with the federal government over dividend payments. the ceo will be replaced, by the former head of oil and gas regulator. shares are down 7%. scott? >> kristina partsinevelos, thank you. back to you soon. we are just getting started here. #fourteen's warren pies says there is one piece of the data he is still skeptical about. and how it could impact the rally in the months ahead. we will get his views and that is the highest for the dow, better than 300 points, well above the new closing hi there. we are back right after isth. ? - pickle! ah, these guys are intense. with e*trade from morgan stanley, we're ready for whatever gets served up. dude, you gotta work on your trash talk. i'd rather work on saving for retirement. or college, since you

kroger, like target, runs the risk of being left behind without that deal.ut the ftc wants to block it because the last time albertson's merged with another supermarket, they make a mockery. i don't blame them. while wal-mart was down, they caught up with no sense of order. i can say the retail supremacy, and i scoffed at those who did. but this is a new well organized, well-run, well- managed wal-mart that is exceeding on price, value, convenience, and even yes, style. target has work to do. i bet it will get there. and target is worried about the state of the consumer. but wal-mart? i don't think they're worried about anything. it is always a wal-mart summer. just for you right here on mad money. i'm jim cramer. see you >>> shares are moving, blowout results. should a well-known chip stock be concerned about its safety? >>> sores of vaccine makers soaring on bird flu fears. >>> an investigation by house democrats sending shockwaves through the energy industry. >>> the summer travel rush is on. how hot will it be? the ceo of mgm resorts is here. >>> breakin

look at kroger, for example. this is a stock that was in whisper of its all-time high. you talk about valuation, i mean, this trades at half the valuation of walmart. so, maybe the market's not rewarding kroger in the form of valuation, if it were to reward them, that shock stoub higher. so, it all sort of does make sense. >> let's now bring in that ex-walmart exec who sees trouble lurking in the retailer's strong numbers. bill simons is a former walmart u.s. ceo, now on the board of darden restaurants and other companies out there. bill, in the preinterview you did with our producer, stephanie, you used the word bubble, when it came to walmart stock. why did you choose that word? >> well, sure. first of all, good to be with you, and the conversation you're having, i think, is the right one. the trade down that walmart's seeing in -- from affluent consumer into the business is not anything new, it happens every time there's, you know, an economic challenge, and we've seen it historically. some of them stay and some of them go, and it will be really interesting to see th

okay, too much as a consumer here, kroger, because it's not going through. boy, i wanted to find out from the land on men city, california longer than i usually the way i was doing gen not find me if i'm on the been for you john. j 875. i think something happened to i was i got this by the to last week and the car to live with the you also need a break. i luckily yeah. these are bands that you need you need? well, look, you saw setting up, put me in the book for this problem, the g e e, the modeling, and i want to, i bought up, i used to say that the not move a lot, the e p a t i j. ok. it's been so i said, then i sense in java, sci fi or later today, but when i, when the thing is the in that time. yeah. so i would love who am i levin during the following up? uh you have to come for your birthday not to come through. oh boy. and then yeah la yamba funds. i yes. you just to get a phone number you gave me. i mean i have to go and yeah. so i managed to learn and so i must go what do you feel? i didn't give you a chance to talk to that. uh, no i the dc towards t

okay, too much as a consumer here, kroger, because it's not going through. boy, i wanted to find out from the lend on men city. i look for longer than i usually the way i was doing gen not for me. if i'm one of the been done by the find out. i mean, i'm talking to the tablet, the i was i got this by the tv land, we take the car to live with the you also need a break. i luckily yeah. these are bands that the eat. well, look yourself setting up, put me in the book for this problem, the g e e, the modeling. and i want to say that the not me, well, what to e g a g i b ok. it's been so i said that i sent in java sci fi earlier today, but when i, when i was doing as the in that time. yeah. so i with the law who my levin's or not, i will finally not. uh you have to come for your birthday, not having to come to avoid letting yeah. law nearby funds. yes. the phone number you gave me. i mean i have to go and yeah, so i managed to learn then so i must go. what do you feel? i didn't give you a chance to talk to that. uh no, i need you to. so i you went straight to the p

okay, too much as a consumer here, kroger, because it's not going through. boy, i wanted to find out from the land on men city file for the longer than i usually the way i was doing gen not for me. if i'm on the, he's been fine with me sending john j 18 for the funny thing. i'm talking to me tab, but i was i got fucked on this but in the summer to last week and i've got to live with tea and you also need a break. i luckily, yeah, these are bands that you need. well, look yourself setting up, put me in the book for this problem, the g e e, the modeling and i want about, but that is to say that the not move a lot to e g a g i, j. ok. it's been so i said in athens and java, sci fi, or later today, but when i, when visiting as the invest time. yeah. so i would love who am i levin drop i will following up on your has to come for your birthday not to come to avoid letting me yeah. law yamba funds. i yes you did. you want me? i mean, i have to go and yes, i managed to learn and then so i must go. what do you feel? i didn't give you a chance to talk to the uh no, i

okay, too much as a consumer here, kroger, because it's not going through. boy, i wanted to find out when i land on man city. i look for longer than i usually the way i was doing. gen not find me. if i'm one of the been done by then find out about the energy when something happened to i was i got this by the to last week and the car to live with the you also need a break. i luckily yeah, he's our bands. i think he need to talk to you. so setting up put me in the book for this problem, the g e e, the modeling. and i want to say that the modeling no, not new. go what to e g a, g i j. ok. it's been so i said that i sent in java sci fi or later today, but when i, when i was doing as the in that time. yeah. so i with the law who my levine drop i will fall or not you have to come for your birthday not to come to avoid and then yeah, last year about funds. i. yes. you the, you gave me, i mean, i have to go and yeah. so i managed to learn and so i must go. what do you feel? i didn't give you a chance to talk to that. uh no, i need you to. so i us straight on to the

okay, too much as a consumer here, kroger, because it's not going through. boy, i wanted to find out when i land on my city file for longer than i usually the way i was doing gen not find me if i'm one of the been funded would be sending john j 8 to 5 and find out why i'm talking to me yeah, but i wouldn't have fucked on this. but in the summer to let me take the car to live with the you also need a break. i luckily yeah, these are bands that you need. well, look yourself setting up, put me in the book for this problem, the g e e, the modeling, and i want to say that the not move a lot, the e g a g i, j. ok? it's been so i said that i sense in java, sci fi or later today, but to wednesday thing as the in that time. yeah. so i with the law who my levine. dr. hop i will following up on your has to come for your birthday not to come to avoid and then yeah, last year about funds. i yes, you gave me. i mean, i have to go and yes, i managed to learn and so i must go. what do you feel? i didn't give you a chance to talk to the uh no, i be you towards the us straigh

okay, too much as a consumer here, kroger, because it's not going through. boy, i wanted to find out from the land on men city. i look for longer than i usually the way i was doing. gen not find me. if i'm one of the been done by the find out. i mean i'm talking to me. yeah. but i wasn't going to i went up like this. but in the tv land we take the car to live with the you also need a break. i luckily yeah, isa bands the key. you need to look yourself setting up. put me in the book for this problem, the g e e, the modeling, and i want, i don't know what that is to say that the not me well, what to e g a g i j. ok. it's been so i said that i sent in java. see fire later today, but to wednesday thing as the in that time. yeah. so i would love who am i levin during the following? uh uh you have to come for your birthday not to come to avoid letting me add a lot of funds. i need to get a phone number and you gave me, i mean i have to go and yes, i managed to learn and so i must go. what do you feel? i didn't give you a chance to talk about it. uh no, i don't know

okay, too much as a consumer here, kroger, because it's not going through. boy, i wanted to find out in the land on men city. i look for longer than i usually the way i was doing gen not find me if i'm one of the been funded would be sending john j 8 to 5 on 5. i think something happened to i was i went up like this but in the summer to last week and the car to live with the you also need a break. i luckily yeah, these are bands that you need. you need. well, look yourself setting up, put me in the book for this problem, the one with g, e, e, the modeling. and i want to say that the modeling, no, not me. well, what i e p a t i j. ok. it's been so i said that i sent in java sci fi or later today, but to wednesday thing as the in that time. yeah. so i would love who my levine drop. i will following up on your have to come for your birthday, not having to come to avoid and then yeah, law again, but once you get a hold of me, i mean i have to go and yeah, so i managed to learn and so i must go what do you feel? i didn't give you a chance to talk to the uh no, i

i think what we can see is the us is a capture by dunning, kroger, leads for not only musically tone, death, but the tone deaf and they are not capable of seeing beyond, you know, the noses at the same time that the global south is moving in tectonic long term, strategic ways, and this is the final thing that will, we're in the end game. we can see the moves ahead and we can see what the outcomes going. i'm so glad you said that because i'm sick and tired of talking about how the world has to revolve around the us presidential election cycle. and this move beyond it and we are, i want it. that's all the time we have, gentlemen. i want to thank my guess and del mar, in san francisco and in washington state. and of course, i want to thank our viewers for watching us here at our key. see you next time. remember prospect the the, [000:00:00;00] the same wrong just don't you have to save house and engagement equals the trail. when so many find themselves will support. we choose to look for common ground, the scott bennett, i'm a former united states army psychological warfare officer, real

i think what we can see is the us is a capture and by dunning, kroger, leads, well not only musically, tone, death, but the tone desk. and they are not capable of seeing beyond, you know, the noses at the same time that the global south is moving in tectonic long term, strategic ways. and this is the final thing that will, we're in the end game. we can see the moves ahead and we can see what the outcomes going time. so glad you said that because i'm sick and tired of talking about how the world has to revolve around the us presidential election cycle. and this move beyond it, and we are, i want it, that's all the time we have gentlemen, i want to thank my guess and del mar, in san francisco and in washington state. and of course, i want to thank our viewers for watching us here at our teach. see you next time. remember prospect the the, when the world's largest democracy votes the rest of the planet watches in emerging multi polar world. india's voice matters. but who will be the power behind watches, almost 1000000000 people decide and billions more, react the the, the to take a fres

and he is the former cfo of kroger. he does have gigantic shoes to fill though.wn to be the primary voice of cosco and one of the best in the business. i can attest he is also the funniest. i think they have a good successor. it was always an amazing production. they have continued their tradition to do everything they can to keep their prices down. despite raising their membership fee. they do not want to do anything to make shopping more expensive then it is. where they can't they have no problem using their own kirkland signature brand. they try to provide at least 20% of value versus the national brand. they even created their own. while i cannot promise to be able to max the humidity has become famous for i can promise the same level of open dialogue and transparency you have come to expect. to clear up recent speculation i also want to confirm the $1.50 hotdog price will remain in. revenues came in at 58.52 billion dollars. right down the middle of the fairway. after a prolonged drought they are gaining. and they are just crushing it in baker resales. the q

house representative sending a letter to the by administration urging them to take action against krogertson's and other stores. suggesting the reason bill are paying more has nothing to have democrat policies of dumping extra money into the economy and is to blame on greedy grocery store operators is complete nonsense for a quick 3% profit margins are a doozy. the data? >> is of course is memorial day weekend. i'm getting my hit to the monument to the 107th infantry which on fifth avenue and 67th street in new york city. this monument or memorial was desecrated recently by pro- palestinian protesters and almost immediately cleaned up by the cops. the wa report was carried by sculptor named karl who served with the 107th infantry in a world war one is based on his personal experiences. that said this is an absolute beautiful memorial. it could serve as a testament to all americans who died in our wars and we salute them this week. >> yes we do. remember folks if you have your own hit or miss be sure to send it to us jtr on fnc. that is it for this week show but thanks to my panel and of

kroger does, too, kroger is involved with that crazy acquisition. >> we talked about new private labels. we haven't mentioned kfc and oscar mayer. >> how do you like that? that is a core product of that pathetic -- >> it's got to be only private equity. >> they've done so badly. there's another company, they need a meme invasion badly. look at that. >> yeah. that was not a great deal -- >> coming in criticizing those companies. >> it was 3g and warren buffett together remember give me a longer-term chart there. can you? >> starbucks versus khc on the five-year. >> have you looked at -- >> you want to do starbucks versus comcast? >> i just was looking. i thought the comcast news was fantastic. that's all i'm reacting to. >> it was comcastic. >> whoever has done a deal with apple? that was great. >> with netflix, too. >> that was a great deal and nothing happens. >> i said, oh, my god, they're doing a deal with apple. this is just the beginning, only the beginning, only just the start. >> i like that song. >> that's what i'm reacting to. what does the market really want here? >> takes tim

he's from kroger touchy-feely, you remember at the end when rodney would say something sweet and kind come to play he was the keeper of the flame. >> how many straight calls did he do? >> 131, almost one of the things that's amazing about him, he didn't suffer fools gladly if you said something really stupid on the call, he would find a way to make you realize, come on, this is the big leagues. step up your game, for heaven's sake. >> when senegal was in charge and he was running it, you had a level of precision that was scary. but the whole line, everybody has been great it is a tribute to them that when you go there, it's the same person that's the manager of your store that you went to 20 years ago. there they are, and dave says hi, jim, and i say, hi, dave. >> when the ceo visits every store once a year -- >> they added 30 stores. the pictures in china -- and, by the way, in china costco is revered by the government because they keep prices down. >> tesla is pretty well thought of in china as well. >> yes, that's very true china is interesting, they respect anything who brings the

kroger and milk and so forth. t.j. maxx, we like the store, great value. that i want to be in. it's been on an amazing run, but now it's trading 21 times forward earnings, only set to grow those earnings at 10 to 11% and has a very levered up balance sheet. now, here is the kicker, into the report, it could get some, you know, bump regarding the lower end in the consumer and seeing an uptick in sales. i think if you're in this, you take any strength and you book those profits here. >> very interesting. almost the opposite story of urban. so they make a nice comparative that way. the financials and the valuation and how the stock has done. see if they shift tides here after they all report. quint, we appreciate your time. thank you for joining us here. >> thank you, kelly. >> that's it for "the exchange". >>> coming up next on "power lunch," oh, yes, we're speaking with pga championship winner xander schauffele on his victory and what's next. tyler is gettingea rdy. i'll join him on the other side of this break. ♪ >>> welcome to "power lunch," everybody. al

plus grocery stores like kroger. they're offering hundreds of millions in savings as well. these are essential items from bread to personal hygiene products, personal finance advocate says that some of the products that maybe you stop by because they were too expensive, might now be back in your price range. >> especially on those essential items, those food items that maybe you work by for your family anymore because the price was so high. i think now consumers will feel more comfortable to dive back in. >> yes, you and also went on to recommend making some good use of coupons to. that's a great way to save money rewards programs. if you're in them, use them, buy in bulk. that also saves as well. anything you can do to stretch a dollar. >> coupons, coupon coupon michael o'connell. why? you're probably right. 10. 26 right now. coming up next on the kron, 4 morning news. some oakland tenants. they're going to talk to us about why they're suing their landlord. they say that they have been without utilities for weeks. 10. 29 right now and it's going to get pretty toasty out th

. >> i work at a kroger. i bring people's groceries to them that they order online. checking somebody out for $80 worth of groceries and it looks like $30. prices have gone through the roof on a lot of things. wages are up but some people still have not been able to adjust with that. >> how many of you are planning to vote in the november election? ok. so at least three out of four. who is planning on voting for joe biden in november? who is planning on voting for donald trump? and who is undecided? >> uncommitted, one might say. >> good answer. could president biden still earn your vote between now and november? >> no. and i think that many people say, would you rather trump or whatever? trump was president. i am muslim. as bad as he is in many ways, i still have the privilege of being safe here, so out of respect to the 35,000 killed in gaza and were displaced, i cannot justify voting for the guy that authorized those checks. >> you are the joe biden voter. why are you voting for joe biden? >> looking back retrospectively, he made a lot of promises back in his run

. >> sean kroger. >> what year. >> i'm a senior here -- >> oh, my gosh.did you think of the images on tv of all these protests, but then you looked around last night, 150 people were baptized mt. parking lot in those ice plunge if buckets. stark difference, right? >> absolutely. i think we just live in a broken world, and there's a lot of hate going around. and last night was full of joy and love. and we were trying to share the gospel and the love of jesus and that, you know, there is hope for everybody no matter how far down you think your life has gone. >> all right, thank you so much. y'all, thank you for being here. y'all have been here all morning with us on "fox & friends." stuart, a different can story here. they're such strong christians, and they're sending so much love to everyone. stuart: ainsley, it's a good story, and thanks for bringing it for if us. >> i agree. thank you. thanks for having me. stuart: all right. look who's with me now, adam johnson. >> yes, sir. stuart: looking at the market. i like the look of it so far, up 180 on the dow

. >> what's kroger?rty's over tomorrow on netflix, jeff daniels stars as a real estate magnate in atlanta facing financial and personal ruin in the series adaptation of tom wolfe's, best-selling novel, a man in full derbez returns with season 3 of his comedy series. acapulco. see it now on apple tv. plus and disney plus presents a new animated series from a galaxy far far away. see star wars tales of the empire starting saturday. going to be a very harrowing edge of your seat season for new documentaries this week. the 3rd season of welcome to wrexham follows ryan. reynolds and rob mcelhenney needs welsh club as it tries to break into the big leagues of english soccer streaming begins friday on hulu. mister macarthur. his name was he said that's a sharp sure you have on. i said, yes. sometimes they use it. instead us also late night legend david letterman is back with his interview series. my next guest needs no introduction. first up is a visit to saint ignatius high school with chicago's very own comed

. >> shut down because of that fatal crash krogers will tran is live at the scene to give us the details there. so we'll what's going on. >> the fatal crash took place 2 and a half hours ago and it is still causing a traffic mess as this is still and active scene. let me step out of the way and give you an update. you can see lane number one. they just open that up about 5 minutes ago. chp officers walking on the freeway as they are still taking measurements. unfortunately, one person did die from this accident. you see that green pole right there. >> this is a chain of events as far as accidents at around 2.55. in the morning. a red suv it's right down the road here. it's still there are a red suv pulls over here, had some kind of car problem. they still are trying to find out why it drifted back into traffic when it drifted back into traffic. you see that silver silent hits the back of the suv at some point, the driver of the red suv gets out of his car. he's out of his car, possibly in front of it. then all of a sudden a tractor comes along and also hits the red suv pushing the red su

plus aldi and kroger are offering hundreds of millions in savings as well. these are essential items from bread to personal hygiene products. personal finance advocate says that some of the products you may have stopped buying because they were too expensive. might now be back in your price range. >> especially on those essential items, those food items that maybe you work by for your family anymore because the price was so high. i think now consumers will feel more comfortable to dive back in. >> she also recommends making good use of coupons, rewards programs buying in bulk and anything you can do to stretch that dollar goes a long way. >> time now is a 21. and coming up on the kron 4 morning news, $0.99 stores could be coming back. hane could be coming back. hane details. ( ♪♪ ) you made a cow! actually it's a piggy bank. my inspiration to start saving. how about a more solid way to save? i'm listening. well, bmo helps get your savings habit into shape with a cash reward every month you save. both: cash reward? and there's a cash bonus when you open a new

plus, kroger offering hundreds of millions of dollars in savings.e are essential items from bread to personal hygiene products, a personal finance advocate says some of the products you may have stopped buying because they were too expensive. might be back on your shopping list. sue. >> especially on those essential items. those food items that maybe you work by for your family anymore because the price was so high. i think now consumers will feel more comfortable to dive back in. >> she also recommends making good use of coupons, rewards programs buying in bulk. anything you do to stretch that dollar can go a long way. well, your health this afternoon, delaying your morning cup of joe could give you a better start your day. some experts say a report says some researchers recommend starting her first cup of coffee, at least 30 minutes to an hour after waking up. so you got to be patient yourself. researchers found usually takes about 20 to 30 minutes for coffee drinkers to start feeling the caffeine. researchers do know that caffeine affects everyon

developing stories, the south bay where police shot and critically injured a gunman in san jose at a kroger's. michael thomas on the story for us live in san jose this morning. >> michael, what happened? >> well, they're still an active scene here this morning. you can see behind me there's still a few cop cars and also tape that is closed off of some of this area. and to give you more of a perspective of where we are, we've got a map up on your screens. you can see right at the corner of comer drive and capitol expressway. it happened yesterday at around 4 o'clock. what we know now is that no san jose police officers were involved in this shooting. however, a man who was opening fire was and he's in the hospital this morning with life-threatening injuries. this is video actually from the scenes. you can see again happened yesterday at around 4 o'clock in the afternoon. and there were dozens of police cars here. it happened outside of what appears to be an apartment complex. police say they received calls about a man who was actively shooting a firearm. when they arrived, he was still doing s

young lady registered nurse jennifer wright and she said even me, as a registered nurse, i'm buying krogerr store brand, i'm not buying jiff. we have all had to cut back. to are me, who is the best candidate? who is the best candidate is who is going to help me in my financial situation to retire. >> brian: or at least try not to deny it. when you go and see the economy is great. i will yell at you if you ask me again. this goes to show you the biases in the media that would be hard to pick up. he is see 100,000 people. how is this going to be covered. do you know what the story in the "new york times" was. donald trump jabs manhattan prosecutor in profane speech at rally. really? how about about 100,000 people see him speak for over an hour. then extemporaneously in weather that was unseasonably cold. many of which didn't get close to the stage, at which point there was some mention of a prosecutor while no violations of his gag order. among the people who noticed where this elections is heading, and is somewhat alarmed by it, although mark penn is extremely fair, long time clinton pollst

with the airing of grievances i got a lot of problems with you people you're going to hear about it krogerson tells me your company states, oh, good you get yours in a minute that was 1997 episode of seinfeld word torch, because stan does father played by the late great jerry stiller kicks off a ceremony he calls airing of grievances. >> it's top of mind today because frank bruni, his new book is entitled the age of grievance. and he writes in part quote the american soundtrack has it's become a cacophony of competing complaints. so beautifully said, as is everything that you write a frank so much, thanks so much for staying and talking about this that was at a time where if you had to air grievances, ala franca stanza, you had to do it in person that was before even the notion of social media i think this is such an important book because you're saying, so much of what i think people are thinking who are wondering what's happening in society? >> what's happening is read each other's throats and sometimes for reasons that makes sense. but just as often for reasons that make no sense, we've

we can't do what is asked kroger my own operating account. and you we'll cover me on it later. it would smell a lot better. look a lot better than i'm putting my own. i think it was his family residents up on the table and i just need to say this. i thought judge merchan handled himself perfectly the way he handled trump with the gag order. i really do. you think it was smart to mention? >> i think i just think he handled it look, i work in that courthouse i want the sanctity of that courthouse to be preserved, whether it's donald trump sitting there, joe biden sitting there, george w bush sitting there, or anyone else? >> i want the sanctity of that courthouse and i want everyone to have to follow the rules and abide by the rules. and basically, donald trump's fate regarding jail or not gel with the gag order is in his own hands. >> he could handle themselves like the way he did today. >> there was clearly no violation for what he said today or he could thumb his nose and forced the judges hand and that would be unfortunate that the george w bush case will be very a kaitlan. >

. >> hi, i just want to say jeffrey rosen is correct that richard kroger's civil justice is fantastic work and was an epiphany for this southern boy who had only heard one part of the argument for most of my childhood and even into college. i wanted to ask about a law clerk for justice jackson by the name of william rehnquist who, at his confirmation in 1971, the issue came up that he had in fact written a dissent for justice jackson in the brown case when it came before the warren court, and he said that they were just covering their bets and he did not really feel that way. i just wondered if either of your guests have checked to see the veracity of justice rehnquist's comments. at his confirmation some 20 years later. jeffrey: you summarize it very well. it was an important controversy. the memo was quite vivid. the law clerk said basically, the fact is that southerners don't like black people and will never admit them and the truth is, i believe that plessy versus ferguson was good law. as you say, chief justice rehnquist, throughout his career maintained he had been writing in ja

. >> brick and mortar like kroger and albertson's. >> still waiting. >> whole foods. >> whole foods isn. >> they have high prices. when you go to walmart, they have such great prices and that's been a place for the stretched lower and middle class. it's not where you'll see the 100 bankers who are in palm beach. you throw a stone there, you hit a banker. >> bankers these days, they're not as well compensated as they used to be. it's more private equity. some of the hedge fund guys are hanging around. bankers, who wants to be a banker? i mean chatgpt is going to take their job, anyway. >> and the lawyers, as you pointed out yesterday. >> they're dead. it's just like what shwe said. i've got cadence on tonight and i want to know the relationship between cadence and nvidia, and i put it in chatgpt and it was just excellent. and then i felt like, wow. >> did you see that pwc, for example, the big consulting firm, u.s. and uk firms have signed an agreement with openai making it the first re-seller for chatgpt enterprise and the largest user of the product? >> wow. >> so you've got that goin

interestingly enough, rodney mcmull, when he's trying to get this deal done with albertson's and krogerhe keeps saying that's who you're up against there's a big three for food >> costco, amazon, and walmart >> it's the big three. >> the big three of food and i think that people have to start recognizing. one thing you have to do is go there. i often joke with walmart. we go to walmart maybe because i got a baker, and i got a yoga instructor. you don't go -- you go to where the money is, and if you can go to walmart, and they offer all sorts of -- much better -- much better set of merchandise than people think everything is a little bit cheaper. that's really nipping at target. amazon, because of same-day, which they want so badly, what jassy has been saying, nipping at target, and then i got to tell you, costco, only 3,500 shop keeping units but they're so cheap when you talk to walmart, they say, yeah, then there's costco or go to amazon. they say, we're not going to beat costco. you've got this big three of really just, like, they're the grim reapers of everybody else and i thought t

when you challenge a kroger and albertson's merger? and apple's monopoly over the iphone market?stration is fighting the people's fight. this is a basic fight. people versus the powerful. we will enact a government that is going to take the the side of the working class. that story is what is going on. you see the billionaire class revolt against it and i hope more people know people are taking on these fights on their behalf. >> yeah. well, i mean, let's talk about that for a minute. it is clear that the biden administration is doing this because of a sort of ethical drive. right? that is a wrong thing that is happening. this is, the american worker is being screwed over. at the hand of big corporate profits and it is very clearly a proxy war against inflation. is it not? the biden administration gets hit on the economy for reasons that have a lot to do with the economy. more than the economy. they care hutch money people are having to shell out on a daily basis. >> inflation in general, one of the most important things we learned in the past few weeks was brought to us by the f

. >> they are being very good at new partnerships i mean, by the way, they have a kroger deal.have a consumer packaged goods deal that is very good >> they just did that deal with uber that we were talking about earlier in the week. >> that was very important uber eats. they're hustlers there's an upside surprise they are hustlers, and i did not see that they would put together such a great quarter, because i had felt they were a little static that was quite wrong the numbers there are very good. >> yesterday was a tough day for the e-commerce etfs, given shop and trip were really -- >> now, trip was so disappointing, because they put themselves up for sale, and nobody came, and that's got to be a real bummer i noticed that there was a -- we got an upgrade for shop. i mean, look, shopify, there was a call -- now, harley did not -- when i tried to press him on the 25 gross margin decline, he did not really -- wasn't, let's say, as definitive where they said it's lower margin business that's hurting us, but max, a partner, a firm, once again said, listen, the transaction continue

i understand, by the way, why rodney mcmullen from kroger feels that he is right and the ftc is wronghat they need to combine with albertson's, because what a juggernaut walmart is. at the same time, walmart is a -- walmart wants prices to be low, and people who shop at walmart realize they are indeed getting the bargains that sam walton used to talk about. >> meantime, advertising up 24%. >> that's found money. >> inventory in the u.s., down 4%. >> how about the fact that they closed those minute clinics when they realized they couldn't make any money? some people were critical of that, saying, that's an example of how they can't grow. how about they just had the guts to admit they made a mistake? >> you were impressed by that. >> oh my. when i went over it with them, they said, look, staffing is a problem. why would we want to do that? it turns out to be not si synergistic. i wonder, what is the like for cvs, especially when amazon is gunning for the front part of the store and now wants the back part of the store with automatic drugs that are cheaper than cvs? very challenged. >> l

. >> to see you going up against the shoprite, and kroger -- >> yeah, nobody paid attention to whole were discovered and everybody started to pay attention to us. >> i think there's a down side to stigmatizing gmos. i think it's a downside. there are people that will not take any drugs, and they are all genetically modified. why stigmatize that? did you do people a disservice with that? >> i never was anti-gmo, but it's what kind -- >> yeah, i like my milk pasturized -- >> i understand your point. you have not said anything i disagree with, but it's a matter of which pesticides and gmos -- >> which gmos are bad? >> well, the question of what we are doing with corn, and i think the science is starting to show it could have negative affects. >> do you think it set back that whole industry though? >> they created gmos that can solve blindness for children in india because it's called golden wheat, and so they -- they genetically modified the wheat so it has beta carotene in it, something children don't get if they are eating a white rice diet, and i agree they should not be blanket cond

>> it could be kroger or target, it could be all of the above.d last week was on the upper income customer. the key for walmart, they saw this coming out of the financial crisis 10 years ago, but they did not retain those customers. that is the real opportunity for walmart and that is why they are doing more rollbacks, it is why they are investing in store models. >> almost there. feels like such a long earnings season. looking ahead to target. lisa: the point that he made about what was fueling is a fascinating one. does walmart have the ability to cut prices because they are getting more into entertainment and in particular some sidebar aspects as well? it is interesting to see where they are. jonathan: we will find out tomorrow morning. looking forward to breaking that down for you. the third hour of bloomberg surveillance is right around the corner. we will be catching up with morgan stanley after a big upgrade. a third hour of bloomberg surveillance, coming up next. from new york, this is bloomberg. ♪ her uncle's unhappy. i'm sensing an unde

they are seeking to lock a grocery chain merger between kroger and albertsons.to exxon's attempt to purchase pioneer natural resources. and then you have to look at all of the cases they are pursuing on anticompetitive grounds against the big tech companies of amazon, google, meta, and apple. they have had a lot on their plates, and this is something they have been investigating for almost two years now. lisa: how successful have their antitrust suits been? michael: you know, we are going to have to see how this one plays out. i think the big tech cases that are coming up will be the biggest measure of how they do. they just closed arguments in the google anticompetitive behavior case, and we will be finding out how their batting average is when the judge finally rules on it. that will not be for a couple of months more. lisa: the reason i ask this is, we are talking about ticketmaster and live nation. ticketmaster controls more of 80% of the market for tickets sales. you are looking at a secret an oligarchy, if not a monopoly. we are talking about nvidia having