and it's not just kroger. the last few months alone the doj, anti- trust division has brought a suit against a company called real page that sets algorithmic pricing for corporate landlords so they price maximize. and through that case we found that the landlords love the product because it quote-unquote allows us to do price-fixing. that's what we find through the doj anti- trust case. and through another ftc investigation, they went after a big oil company called pioneer whose ceo scott sheffield we find was colluding with opec overseas to set the price of oil high during the pandemic, so people would pay more in gas. how did we find this out? because ftc and doj are on the case. they were learning more about the price-fixing going on. in just the past two years we've learned chicken producers from the washington's attorney general were conspiring to raise the price of chicken. we learned one of the producers of eggs in this country were found guilty by a jury of price-fixing. it is rampant in our economy, a

that is what you have with the kroger and albertsons merger. out competition in so many cities and towns, jack up the price for basic items. the testimony provided by their own director of pricing reveals that. that is their strategy. they want to crush all the competition. most people sitting at home say what do you do about it? thankfully, we do have a biden/harris administration that is going aggressively at price-fixing bike corporate monopolies trying to break up not only kroger and albertsons but ticketmaster, apple, google, amazon, large conglomerates, so that small businesses can thrive. as a result, if we stay on this track, harris has pledged in her presidency, she will continue on the price gouging. there's so much more to investigate and go after. >> i'm glad you brought it up again, there is this email that we saw during the hearing, the head of pricing at kroger said, "on milk and eggs, retail inflation has been significantly higher than cost inflation." translation, we raised prices more than we needed to. then a kroger spokesper

in food retail is the only safe harbor left for walmart, kroger and costco.you reported well, walmart is benefitting from walgreens boots and the rite aid and amazon receives subsidies that they don't receive in the uk or asia or latin america or africa with subsidized walmart, they are contribute to three dozen food and drug bankruptcies during the last 20 years in the u.s. they are benefitting from bank bankruptcies, they are benefitting from the fantastic size and scale and disclosure, i'm a hshareholder of walmart walmart is advocating for the consumer against the unfair ftc charges by the price gouging of retailers. not true the farmers are suffering, the shoppers are suffering and the big brands like kellogg and kraft are benefitting by price gouging. for example, walmart and cheerios is 200% higher. it is not walmart. the farmers are receiving less, but the cereal millers are raising prices with impunity when input costs are down. walmart is fighting for brands as kroger and costco the ftc is looking in the wrong direction and walmart, by being a low-p

today, the planned $24.6 billion merger between kroger and albertsons is heading to court. break this down by welcoming mark mccarron, a clinical professor of business law at kellogg school of management at northwestern. thanks for being with us. >> thank you for having me. and good morning. >> good morning to you. so this is the largest proposed grocery store merger in u.s. history. and it's going to court. what will today's hearing explore? >> i think today's hearing is just the first step in a potentially long process. as i understand it, the preliminary injunction hearing, which is starting today in oregon, may last until mid september, after which the court will make a decision. if the decision is favorable to the parties, they may be free to close their deal. if not, the government will have achieved what's called a preliminary injunction to stop any further merger between the parties and then the ftc steps in. >> so we have seen airline mergers blocked. earlier this year, a federal judge recently blocked the proposed merger of jetblue and spirit on antitrust grounds.

that is what you have with the kroger albertson's merger, they want to drive that competition in so manyc items and the testimony being provided by their own director pricing reveals that, that is their strategy, they want to crush the competition. and most people say well, what do you do about it? thankfully we do have an administration who is going aggressively at price-fixing by corporate monopolies, places like ticketmaster, apple, google, amazon, large conglomerates so small businesses can thrive. if we stay on this track, harris has pledged with a continuation on the price gouging and there is so much more to go after. >> i'm glad that you brought it up again, there was an email that we saw during the hearing, the head of pricing at kroger said on milk and eggs, retail inflation has been significantly higher than cost inflation, translation, we raised prices more than we needed to, but a kroger spokesperson told bloomberg, this cherry picked email covers a specific period does not reflect kroger's decade-long business model to lower prices for customers by reducing its margins. i m

the submission from kroger appears to further validate those concerns.hen they can, they try to recoup some of the money they lose in other times. this is the center, frankly, of this government versus big mega grocery store merger which is being waged on antitrust concerns. back to you. >> christine romans, thank you so much. >>> team usa already has a few medals after the first day of the competition of the paralympics. now swimmer jamal hill is looking to add to that medal count on monday when he competes in the men's 50-meter freestyle. nbc's emilie ikeda sat down to learn how a rare nerve disease pushed him to the pool and now to paris. >>> go! >> reporter: jamal hill had dreams of olympic glory. standing 6'4" with two decades of swimming experience and an unshakeable drive, it seemed within reach. but shortly after he started training with coach wilma wang seven years ago, she noticed his times weren't improving. >> i go, what are you not telling me? he's getting out of the pool like this, lifting his legs out. and so -- i just felt like he wasn't

so our senator, maria cantwell, has been involved in stopping the merger of kroger.ful for it. competition is good for everybody. the less competition, the less choices a consumer has to make. host: jarrett, your response? guest: i agree. competition is great. that is why i take the position 90 -- i do. i think a potentially combined kroger's and albertsons would create more competition. a couple thoughts. first of all, i do not inc. anyone is saying price gouging does not exist, never exists. there can certainly be micro markets, geographical areas that it does. it sounds like what took place in washington state, with the tuna example. the beef is interesting. if you think about it, we are actually quite used to prices fluctuating, in many markets, quite heavily. there's a lot of factors, gasoline being a great example. we had times, in recent months, even the last year, that they were almost widely gyrating up and down. it is not as simple as just saying, well, how much is a barrel of oil? the has some import to that, has some impact, but it is not the only thing c

so our senator, maria cantwell, has been involved in stopping the merger of kroger.l for it. competition is good for everybody. the less competition, the less choices a consumer has to make. host: jarrett, your response? guest: i agree. competition is great. that is why i take the position 90 -- i do. i think a potentially combined kroger's and albertsons would create more competition. a couple thoughts. first of all, i do not inc. anyone is saying price gouging does not exist, never exists. there can certainly be micro markets, geographical areas that it does. it sounds like what took place in washington state, with the tuna example. the beef is interesting. if you think about it, we are actually quite used to prices fluctuating, in many markets, quite heavily. there's a lot of factors, gasoline being a great example. we had times, in recent months, even the last year, that they were almost widely gyrating up and down. it is not as simple as just saying, well, how much is a barrel of oil? the has some import to that, has some impact, but it is not the only thing cle

. >> we're going to talk about kroger, day one, the u.s. government versus kroger and albertson's. lot of other things to talk about here, we will hit paramount, may be the last week that edward bronfman drops it. 18 months from now -- >> tv show. >> very similar to a very hip tv show from the '90s. >> when i was doing buybacks. >> when i was doing buybacks. ♪ tamra, izzy and emma... they respond to emails with phone-calls... and they don't "circle back" they're already there. they wear business sneakers and pad their keyboards with something that makes their clickety- clacking... clickety-clackier. but no one loves logistics as much as they do. you need tamra, izzy and emma. they need a retirement plan. work with principal so we can help you with a retirement and benefits plan that's right for your team. let our expertise round out yours. >>> all right. let's talk a little pair roment st paramount stocks going to be down ever so slightly. the news hit last night. becky quick bringing it to people. edward bronfman saying i'm not. opportunities for paramount nearly over eight months

a deal under by kroger and albertsons. laura davidson is here with more. she will lay out, is this something she is continuing from the biden administration or are these fresh proposals? laura: this is her first foray into distinguishing herself and putting out new ideas. this is a recognition that inflation and food prices in particular are one of the top issues for voters even though the monthly inflation numbers have cooled, consumers are thinking about what things used to cost four years ago. food prices have increased 20% over the course of the biden administration. voters are thinking about whether to vote for harris or stick with trump. scarlet: i mourn the loss of sub-10 dollars lunches in new york. we know harris is promising to target price gouging and price-fixing within her first 100 days of office if she gets there but there is also talk of price controls. price controls do not have a great track record in the u.s. laura: this is controversial. trump called this a communist-type proposal. this has not been done on a federal level. a lot of the

bring on the good stuff. >>> let's talk kroger kroger-albertson's, going to court.al we talked a lot about. we talked about the antitrust challenges, specifically. not unexpectedly, it was challenged by the ftc. and now they head to court to try get a preliminary injunction against the closing of the transaction. for its part, of course, kroger says, you got nothing. i mean, here, just one of the things the, the complaint, they say, willfully blind to the realities of the current grocery competition. this was in their response, obviously. including insisting on maintaining an archaic fiction that limiting grocery competitors to supermarkets -- of course, one of their key contentions is that the likes of costco and walmart are the real competitors these days, and that, in fact, they are going to only reinvest in the business from the savings of the deal and lower prices even further. another key consideration here is the divestiture partner, cns, which has agreed to take on quite a few overlaps in terms of stores, but then that question that we brought up so many tim

the kroger albertson supermarket merger goes to trial this week.fect backdrop for dam la harris war on -- kamala harris war on business and what's wrong with the socialist plans. third hour of varney starts now. ♪ ♪ stuart: steve forbes is with us this monday morning. steve, i'll start with -- i want to bring in jason katz on this as well. have price controls ever worked? >> no. roman emperor that try it had a couple thousand years ago failed miserably. they base their currency, very, very simple and the governments always have scapegoats and roman times it was christians and media times it was riches and today it's big pharma or big whatever much the only big thing the left believes in is government. stuart: got it. jason. are price controls, the whole idea of price controls bad for business and bad for the economy? and bad for the market? >> it would be a colossal mistake. businesses sometimes a game of opposites. if you curb prices on food in particular, you're sourcing a lot less goods. if there's no competition, then consumers have less of an

right now in the premarket as a child will get underway both kroger and albertson's unchanged in thel next year as nasa decides it's too risky to retrieve them using boeing starlight or capsule this is the latest blow to the troubled aerospace company. a series of helium leaks and thruster failures made the starfighters mission to retrieve asked her nights butch wilmore and cindy williams difficult and unsafe as they wait at the space station. nasa decided they will now have to wait longer and plans to use the spacex capsule in february to get the pair back home, the starliner will detach from the iss next month and land via autopilot and new mexico. some boeing employees are reportedly humiliated that spacex will be used to rescue the astronauts. one employee telling the new york post we've had so many embarrassments lately were under a microscope this made it like 100 times worse. we hate spacex it's shameful, i'm embarrassed and horrified. speaking of spacex, the company how lyrist don spacewalk mission will take off this week marking the first time a private company will conduct

government is trying to stop in court a major merger between albertsons and kroger.hains in the united states. maybe you don't recognize those two names, maybe they're not in your neighborhood. if you look here you can see how prolific the brands are for these two grocery store chains. it would be the largest grocery store merger in history. the foundational thinking here from the companies is that together they would have more scale to compete with the likes of costco and walmart. walmart, by the way, is the largest grocery store chain in the united states, largest seller of just about everything in the united states. albertsons and kroger think they need to be together to scale up and meet that competition. that is not the view of the united states government. the ftc thinks that this is antitrust and bigger is not better, that furor companies means less competition and that could be bad for consumer prices and bad for workers. the company saying together as a merged entity they would cut prices, vowing to cut a billion in prices right away, save and preserve jobs,

kroger customers, you may have been overcharged for basics like milk and eggs.executive for the grocery store chain acknowledged to keeping some prices high in areas where kroger had fewer competitors, even after inflation had eased. a spokesman calls the comments cherry-picked, but all food shoppers are feeling the pinch this labor day weekend as they gather around the grill. while inflation has fallen below 3% for the first time since 2021, food inflation remains a problem. cbs's janet shamlian digs into the issue. >> reporter: the unofficial end of summer, officially arriving with higher prices for that labor day barbecue. >> prices have gone up. most all prices are up. the wings here especially have really escalated in price. >> reporter: this is bud's house of meat in houston. how much product will you go through this weekend? >> we are going to go through a lot, about 1600 pounds of leg quarters, 2,000 pounds of sausage, 5,000 pounds of ribs. i need you to go help cut orders. >> reporter: owner tim hiner also stocks all the barbecue side dishes, including

kroger agreed to rev -- it is an effort by kroger to compete with amazon and walmart.gas has been accused of catering to individuals with ties to organized crime. the nevada gaming control board has filed a complaint alleging the property welcomed people with suspected or actual ties to illegal bookmaking and histories of federal felony commissions. bloomberg has learned seagram air is close to making an offer for paramount global, setting up a potential bidding war for the entertainment company. sources say bronfman is weighing a bid for the company as well as paramount itself. bronfman's group is framing his deal as a better choice for investors. lisa: up next, the morning calls plus more insight into the consumer with earnings from target and macy's ahead. we got walmart and that was a boon for the consumer. that is coming up next. this is bloomberg surveillance. ♪ so, what are you thinking? i'm thinking... (speaking to self) about our honeymoon. what about africa? safari? hot air balloon ride? swim with elephants? wait, can we afford a safari? great question. like

government is trying to stop in court a major merger between albertson's and kroger. second and fourth largest grocery store chains in the united states, and maybe you don't recognize those two names. maybe they're not in your neighborhood, but if you look here you can see how prolific the brands are for these two grocery store chains. together it would be the largest grocery store merger in history, and the foundational thinking here from the companies is that together they would have more scale to compete with the likes of costco and walmart. walmart, by the way, is the largest grocery store chain in the united states. it is the largest seller of just about everything in the united states, and it leads albertson's and krogers to think they need to be together to scale up and meet that competition. now, that is not the view of the united states government. the ftc, a newly muscular ftc under the biden administration, think this is antitrust. they think that bigger is not better, that fewer companies means less competition and that could be bad for consumer prices and

now the supermarket kroger is blamed with price gouging.hey testified during the trial that the supermarket spiked prices on everyday items like milk and eggs. joining me now, christine, tell us more about this. it was pretty shocking the way they admitted it. how can they affecting their anti-trust file to block a merger between kroger and albertson's? >> a mega merger. the government is really against going to court saying when you have fewer players, less competition and bad for consumers. both companies saying they're stronger, more competitive and can lower prices if they merge. this email that you're talking about is from a pricing executive. and this email was played out in court by the ftc. they said milk and eggs, retail inflation has been significantly higher than the cost of inflation. the government really zeroing in on this to say that instead of just passing the higher cost during the pandemic to consumers, they passed more than the higher price to consumers. what is kroger saying? they're saying this is a cherry-picked email.

. >> totally unworkable for ftc to be deciding how much kroger charges for eggs. >> is this a play? reacts to kamala's policies coming up next. the itch and rash of moderate to severe eczema disrupts my skin, night and day. despite treatment, it's still not under control. but now i have rinvoq. a once-daily pill that reduces the itch and helps clear the rash of eczema —fast. some taking rinvoq felt significant itch relief as early as 2 days— and some achieved dramatic skin clearance as early as 2 weeks. many saw clear or almost-clear skin. plus, many had clearer skin and less itch, even at 3 years. rinvoq can lower your ability to fight infections, including tb. serious infections and blood clots, some fatal, cancers including lymphoma and skin, heart attack, stroke, and gi tears occurred. people 50 and older with a heart disease risk factor have an increased risk of death. serious allergic reactions can occur. tell your doctor if you are or may become pregnant. disrupt the itch & rash of eczema. talk to your dermatologist about rinvoq. learn how abbvie can help you save. >> carley:

kroger and albertson's is more than just kroger and albertson's. they own ralph's, smith's. include shaw and safeway. they say there isn't much overlap so shutting down locations is unlikely, sade. >> sade: okay. thank you so much, eva. big deal. >> gio: we're gonna turn now to one player making mlb history playing for both teams in the same game. will reeve is here to explain it all. i'm gonna need a flow chart here. >> good morning. there's always history being made in baseball. right now aaron judge is hitting home runs at a record clip. ohtani is on pace to be the first to hit 50 home runs and steal 50 bases. what happened yesterday is unprecedented and it seems impossible, but it happened. >> major league history will be made in game 1. >> reporter: this morning danny jansen making baseball history by becoming the answer to the ultimate trivia question. who's the first major league player to play for two teams in the same game? >> danny traded a month after that game. he will be in the history book today, going from batting for toronto to catching for the red sox in the

kroger is suing the securities and exchange commission seeking to block the agency's case for the mergers. the use of the inhouse judges amounts to overreach. the federal government rather than the ftc system is the appropriate venue to argue the merits of the deal. the ftc and several state attorneys general are seeking to block the nearly $25 billion merger saying it would hurt competition and push food prices higher. >>> alaska airlines proposed merger with hawaiian airlines has cleared a regulatory hurdle with the justice department. last week, alaska agreed to extend the review period for the $2 billion deal which has expired. the department of transportation has to approve the transaction and if completed, this would be the first merger since 2016. >>> and harley-davidson is the latest company to make changes to the diversity and inclusion efforts following pressure from activists and conservatives. in a letter posted on x, the. >> caller: is company is lookint growing motorcycle sports and retaining our loyal riding community. harley says employee training will only be related to

kroger says the promise lower prices at albertson's by $5 million.e a remedy? sure. need to do this and, you know -- >> i'm supposed to read the futures board but i don't have a board to read in front of me. >> we can get you one. >> there we go. nice. right there. or is if -- there we go. >> you ask, you receive. >>> eight points down on the s&p. 22 on vij and nasdaq down 30 points. worse over the course of the morning here. looking at treasuries, let's see. yields are down 386 on the ten. 4.03, don't forget the 4.035 on the two year. millions losses on that. and dominic chu and the millions, trillions, billions lost just this morning. before 58:00. >> right. steve, melissa, andrew. i'm supposed to tell you about some of these morning movers. german pharmaceutical giant baer, that company seeing a surge in european trading up by about 10.5% so far after scoring a big legal victory here in the united states over claims that exposure to its weed killer roundup causes cancer. a u.s. appeals court ruled for the company against claims that baer owned mon

especially kroger food market.ou will see a line from stores they have bought for years and now they have the whole thing locked up. because they have that, you might be thinking you are going to a separate store but you are buying products under one name. greta: steve, let me ask you, argue in favor of what you heard from the harris-walz campaign oe sort of caps on food prices? republicans have been critical of that type of proposal, labeling it as communism. would you be in support of that? caller: well, i am in favor of not price controls, but i would be in favor of using monopoly-busting tactics that the government has, the ftc, in breaking up these food corporations so that you have competition. if you don't have competition, yeah, you need competition. greta: understood, understood. that was steve in san diego. more calls coming up, but first, around 15,000 members of the news media are expected this week to cover this convention. earlier today c-span took a look inside the network compound just outside here

much of the meeting was recorded that is bud kroger in the picture. is one of the most requested pictures of the nixon adminion. you will noticehis belt which is solid gold, he was also showing the president his gold cufflinks. bud kroger was not the normal notetaker of meetings and prepared a fairly detailed account of what had happened after the meeting. this actually runs several pages. i clipped just one paragraph here that notes that presley indicated he thought the beatles had been the real force for any american spirit. this sa little bit like competition. he said that the beatles came to e country, made their money they promoted an anti-american theme. the president nodded in agreement and expressed some surprise. this is a good post meeting memo. this became the exception to the rule. no greater offender than henry kissinger, who fell way behind on his meetings and the record of it. he noticed this and decided he had to do something about it. he decided, not keeping a good recorhis presidency. what nixon wanted were really two things -- he wa

you go to kroger they are telling kroger how much they can charge for a gallon of milk. the marketplace. >> brian: they are not going to take it off the truck. keep it going. because, if you are charging me that and i can't charge the customer, i don't want it. so keep your truck packed. they are going to leave. that's what emptied the shelves. add one more thing, it's not too long ago where elizabeth warren, where jamie raskin and nancy pelosi in their own way were trying to get her off the ticket because she was such an ineffective, incapable vice president. >> ainsley: did you he all the hear soundbite of her saying snatch the patent away from drug companies? >> steve: i heard that soundbite. on sean's show last night, ultimately, as his work here in the united states for a very long time effectively the free market determines the price. and that's the way it should be. but they have got do something about inflation and we just detailed where the inflation came from. >> brian: you are saying you are not a communist. >> steve: not currently. >> brian: you are not a com

stuart: kroger in albertsons.urt today was the ftc's argument against the steel, big is bad. >> a $25 billion deal, the argument it's bad for shoppers and bad for workers. they save the two food stores merge, the shopper already battling inflation even more for groceries, the chains are saying we need to combine to negotiate better deals with our suppliers and compete against walmart and costco. the ftc also says they're going to get the bad end of the steel because the unionized bargaining power. that's interesting. in the high-profile ftc going after merger using labor market theory, the trial, the case goes to trial in oregon and expected to last three weeks. stuart: what is this about uber being fired a large amount of money like $300 million in europe, what are they supposed to do. >> 225 million by benevolence data protection watchdog they transfer data from europe to the u.s. without proper protection, the dutch regulators that were collected sensitive information like medical records and photos and that's

kroger's.man has more on that. >> if you're looking to protect yourself from the current surge in covid-19, but the search likely to arrive this winter. the updated covid-19 vaccine will be arriving at your local pharmacy within days. thursday, the food and drug administration approved new versions of both the pfizer and moderna vaccines for covid-19. if you >> are at high risk for bad outcome. if you get covid, for example, if you're 65 or over, any age with some underlying conditions that put your high risk. and it's been more than 4 months since your last. >> i would i would get it uc berkeley, infectious disease specialist dr john swartzberg says. >> in addition to those at high risk, those traveling in the next month should also consider getting it sooner than later for others. those under 65 with no underlying conditions and not traveling. experts say you might want to wait. most people should get it in october. this will peak on bodies of the time when people are gathering for holidays.

kroger's at 2%.an't tell them they're price gouging because your spending created all this inflation. stuart: thanks for getting up early this morning, stay with me for the hour, please. >>> we have a programming note, the democrat national convention kicks off on monday in chicago. our show will be there live monday through thursday. "the bottom line" will also be there live, 6 p.m. eastern. and fox business will begin airing full speeches starting at 7 p.m. eastern each night. >>> to the markets, we've got some red ink this morning, but we had a lot of green yesterday. dow's down 90, s&p down 20, nasdaq down 90 points. kenny polcari joins me. kenny, we had a nice rally this week. down so far this morning. are you buying anything today? >> i'm not sure i'm buying anything today after we had that big rally. this big snapback rally since last week. i actually think that the trend is going to be lower over the next couple of weeks so, look, i'm going to let it pass. i'm going to wait and see how this s

if i don't want to shop at a kroger's, i can go to dollar general.n't want to shop there, i can go to the local, family-owned grocery store. i have options. and as long as there's options, there will be competitive pricing. so this whole price gouging thing not good for the consumer, it's not good for grocery stores. i mean, eventually you'll see grocery stores, they're all a going to turn into walmarts. they're going to sell more higher margin things like apparel and less food. and then you've got bread lines and rationing and all that stuff. her economic plan soup to nuts is not good. i mean, there's a component that's talking about rent controls, there's a component whereby she wants to give $4 billion to builders who are bidding affordable housing. $40 billion. i said this earlier in the show, but what did we get out of the $7.5 billion that was supposed to build us 500 charging stations? we gotten. we got 7. so everything they've promised to voters to try to win over moderates and those people who are undecided, it's all lies. maria: uh-huh. wel

supermarket chain kroger says it plans to lower grocery prices by $1 billion if its merger with albertsonsrough. originally the company had promised to lower prices by $500 million at albertsons locations, but the merger has been put on hold after a ruling in colorado blocked the deal over concerns that it would push up grocery prices. kroger owns several chains of grocery stores, including food for less, which has several east bay locations. albertsons owns safeway. taking a live look at the new york stock exchange as trading gets underway. you can see that we're down about 40 points. >> new this morning. abc is making it official. danny eugene levy will be hosting this year's emmys. we first told you last week that the two were rumored to be the favorites to host the ceremony. both are emmy winning actors and producers, and this is the first time a father and son duo will host tv's biggest night. prior to the emmys, you can see eugene levy on the new season of hulu's comedy only murders in the building on august 27th. the emmys air on abc september 15th. if you're looking for a unique st

which seems totally unworkable, first of all, for the ftc to be deciding how much kroger charges forggs in michigan. but it also would be very bad for markets. we've seen this kind of thing tried in lots of other countries before. venezuela, argentina, the soviet union, etc. it leads to shortages, it leads to black marks, you know? if plenty of uncertainty. >> now kamala's reportedly proposing communist price controls. she wants price controls. and if they worked, i'd go along with it too, but they don't work. they actually have the exact opposite impact and effect. but it leads to good shortages, rationing, hunger. dramatically more inflation. their inflation reduction act, by the way, was a disaster. it's what caused the inflation. their inflation reduction act was a con job. they actually admitted that that it wasn't really for inflation, that they did it. elizabeth: yeah. price fixing is already illegal. you know, kevin, what's next, price controls on car insurance? baby food? pet food? >> sure. elizabeth: i mean, all are up double digits under biden and harris. >> right. well, t

. >>> kroger and albertsons are defending a planned merger in federal court. u.s.llion deal. it would be the largest supermarket merger in american history. the ftc alleged it would limit competition and raise prices. the two companies argue the objection would force them to lay off workers and close stores. >>> apple fans, look out. the tech giant is set to unveil its latest product models early next month. the promotional event will be streamed online on september 9th. it will likely feature the rollout of the latest iphone, digital watch, and airpods before they're commercially available. >>> and olive garden's never-ending pasta bowl is back. starting today until november 17th, the restaurant chain is offering the deal at locations across the country. $13.99 will get you endless pasta, unlimited breadsticks, plus a super salad. that's your "cbs moneywatch" report for this tuesday morning. i'm shanelle kaul, cbs news, new york. >>> well, up next, a frightening fall. an aerialist slips during a live performance. ll. an aerialist slips during a live performance. m

that's kroger. largely unchanged after kamala harris floated her idea of a federal ban on price gouging. she did that friday in a speech laying out some of her economic plans. there's no federal price gouging law currently. california has one, but it's not clear grocery stores are gouging you. if you look at the revenue a company like walmart brings in, or kroger and you compare it to the profits, it's like a 2 to 3% difference. we would consider that to be pretty razor thin as far as profits, the problem isn't your grocery store, it's the suppliers. and harris says she will go after them. trump over the weekend, meantime, once again talked about slapping huge tariffs on goods at stores like walmart. and once again, he got it wrong. remember, if an american buyer like walmart buys chinese made goods. walmart and its customers pay the tariff. americans pay the tariff. here's trump getting it backwards. a tariff is a tax on a foreign country. that's the way it is. whether you like it or not. a lot of

right now for a major grocery stores have been kroger obviously is some reign supreme and got tukey's. do you think that they're engaging in price gouging and kroger has been a great partner of ours don't see that. but when those things occur, i've certainly seen gouging after natural disasters in another instances having a 50 state option it can be really important. it can also give a president and vice president leveraged that they need at critical times to make sure the american people are treated right? that's all this is bell making sure were treated right? >> i'm glad you brought this up though, because this has been one of the biggest issues that republicans have hit. vice president harris odd we heard from senator j.d. vance donald trump's running mate on this today in an interview on fox news earlier, this is what he had to say giving kamala harris control over inflation policy, shannon, it's like getting jeffrey epstein control over human trafficking policy. >> the american people are much smarter than that for this guy to mentioned jeffrey epstein when he has encouraged wom

rivals are knocking at the door for the final preseason showdown >gianna>in your money watch report krogersuing the federal trade commission to stop a federal review of a proposed $25 billion merger with albertsons, calling it unconstitutional. the ftc is concerned the deal could create a monopoly and lead to higher prices. perdue foods is recalling more than 167,000 pounds of ready to eat chicken nuggets and tenders due to potential metal contamination. so far, there are no reports of injuries or illnesses but they were shipped nationwide consumers should dispose the recalled items or return them for a refund. well, the restaurant owner in san francisco's richmond district is calling for change after part of their history was stolen. this sign now sits outside hamburger haven. it says another break in sunday morning stole our antique cash register, changed the leadership in our city. vote. now the owner says since the break in, elected officials and those running for office have reached out some are using it as a talking point. but he wants real results. >>>>we don't have any particular o

but you'll also notice the park and the kroger fire. and you can see it's extremely smoky. still with those that smoke would be moving away from us. so again a little bit of haze here could bring us in the unhealthy for sensitive groups, especially across inland contra costa, alameda county. so watch out for that. if you have any respiratory problems. okay, let's get to some fun outside lands tomorrow saturday, sunday. typical weather. 60s with a lot of fog. and we'll also get in on some sun breaks. so bring your jacket if you're headed out there. right here in san francisco. we do have 60s holding on strong next several days. and look at this inland valley forecast coming. your tvs for this sunday 89. and we're going into the 80s all next week so far. this is really looking beautiful. quick look at paris here 82 tomorrow and still a hot 94 on sunday and sunday. is that closing ceremony. it is. should be nice. yeah. thank you jeff and speaking of which, that closing ceremony, two olympians with bay area ties will be the flag bearers for team usa we'll let you know who they

and in el dorado county, containment is increasing with the kroger fire. thanks to the hard work of crews saw on the ground. sand thanks to the good weather. it now stands at 68% containment with not that much change in size overnight. just under 2000 acres. still, firefighters have been able to hold containment lines and put out hot spots inside the burn zone. as wildfires are continuing to threaten communities in california. firefighters are certainly working on those fires. and lawmakers on capitol hill, meanwhile, are working on policy changes that could help reduce the risk of future fires. maddie beer-temple reports. >> wildfires have burned more than 5 million acres in the u.s. this year. so far it's been an active year. jeff. rupert at the interior department says this year is part of a trend of increasing fire activity driven by hotter, drier conditions around this clear trajectory. it's real. you know, climate is a huge part of it. another part of it without 100 years of fire suppression adamant don't so with the u.s. forest service says a histor

kroger and albertson's heading to court to defend the merger. the companies propose the harthest supermarket deal in u.s. history in 2022 saying it would help them cut costs to better compete with the real leaders in that space, walmart, costco, amazon, take your pick. the federal trade commission sued to block the merger saying it would eliminate competition and raise grocery prices. but it was pointed out at the time, to make the, you know, to make it so narrow in how you're testing, you know, whether there is antitrust concerns has a lot of people saying this is one of the poster childs for maybe overreach for the ftc. >> look, they don't like -- remember that a judge blocked staples and office depots. kind of a dying business. >> didn't they block sirius/xm for a while, too? >> exactly. it's almost as if it has to get to a point where the overall market is so big relative to the two competitors that redefined the market. sirius/xm and once streaming came around, it was no longer dominant. >> it is possible that this action has the opposite o

the federal trade commission is suing to stop the merger of kroger and albertsons, claiming it wouldd to higher food prices and fewer jobs for union workers. the ftc also claims the merger could create a monopoly in some small towns. in her opening statement, the ftc lawyer saying stopping this multi-billion dollar deal will keep in place the vigorous competition that acts as a check on rising grocery prices. but the grocery giants insist the $24 billion merger will benefit shoppers. >> the companies, for their part, argue this is actually going to help them rein in costs and better compete with the big rivals like walmart and the big box chains like costco. they also say they're not going to shut down stores. they're not going to put people out of work. >> it comes amid another sign that shoppers are pulling back on spending. a new survey shows sausage sales are up. experts say that typically happens when shoppers are looking to stretch their budget, opting for sausage over more expensive steak and chicken. inflation is down, but overall food prices are up more than 20% since before

, kroger, kroger and albertsons and what it could mean for grocery shopping here in the bay area. >>mart speaker at home, do you talk to it in a respectful way or do your manners just kind of go out the window? a new survey reveals what americans say about using common courtesy with siri and alexa, and how that language may shape par of nothing dims my light like a migraine. with nurtec odt, i found relief. the only migraine medication that helps treat and prevent, all in one. to those with migraine, i see you. for the acute treatment of migraine with or without aura and the preventive treatment of episodic migraine in adults. don't take if allergic to nurtec odt. allergic reactions can occur, even days after using. most common side effects were nausea, indigestion, and stomach pain. it's time we all shine. talk to a healthcare provider about nurtec odt from pfizer. is it possible to count on my about nurtec odt internet like my customers count on me? it is with comcast business. keeping you up and running with our 99.9% network reliability. and security that helps outsmart threats t

there is the opening bell for you when you talk about the kroger albertsons deal. saying this deal would help with competition. when you're talking about amazon and walmart ringing the bell this morning, mark wyatt, the head of global trade with the autism science foundation and rides far. good morning and welcome back to mornings on two. i'm claudine wong and good morning i'm dave clark. >> it's a monday morning august 26th. it's a beautiful morning right outside our studio. steve, you painted the sky a little bit this morning. >> well, i still have a couple of numbers. i have to fill in up there. but thank you, sir. yes, mainly clear out there. a little bit of fog. kind of just kind of scooting around out toward the coast. but there's not much out there. our low. give it credit. boy, that was an amazing system for august is long gone. and you knew high pressure would build in. we could feel it yesterday. it continues that theme today. sunshine and warmer temps will get back in the 80s and 90s inland 60s and 70s over by the coast. all right. so here we started. we

ceo one of america's biggest grocers protects his big deal to try to buy kroger. >>> stand-out stocksht have missed thursday. winners and losers. missed them, as we talked about it best buy up 14%. pretty good day. all-time high for that sck > we're back, right after this. okay, team! oh, thank you so much i couldn't have done it without you. honestly, i don't do a whole lot here. i'm really just here for the at&t internet, it's super-fast so, any pre-launch concerns? what if nobody buys them? that's mean or, what if everybody buys them? oh, i hadn't thought of that that's probably not gonna happen can we handle that kind of traffic? the network can handle it! i downloaded eight hours of true crime stories just during our last video call i'm learning a lot sure, i'm a paid actor, and this is not a real company, but there is no way to fake how upwork can help your business. search talent all over the world with over 10,000 skills you may not have in house. more than 30% of the fortune 500 use upwork because this is how we work now. honey... but the gains are pumping! the market's close

for groceries; a bureaucrat in washington, the trade commission will decide how much eggs in the kroger, for example. the first guests are just starting to enter the festival site, and the participants of the lak tournament, who had previously held qualifying matches, are already preparing for the final, a traditional sport of nomadic peoples in which players on horseback need to throw a projectile into the opposing team's goal. in the decisive match , the hosts of the bashkyrstan team had to fight the favorites from kazakhstan, we knew the team from kazakhstan, akhtuba, they are nearby, our neighbors. we know the rest, we also came here last year in the final we we will win, for sure, for sure, we will try, among the participants of the third international festival of the bashkir horse breed, representatives of many regions of russia, as well as kazakhstan, kyrgyzstan and other countries, we see, that is, an understanding of the need to develop such international contacts, they are traditional, they have their own history, this is exactly what the shanghai organization is doing now. th

. >> absolutely, it looks -- if you look at profit margins for kroger, biggest supermarkets in the countryresult of the inflation that we're seeing now is the results of reckless spending also, i would argue very easy monetary policy the fed balance sheet increased m2, increased within two years not greed politicians this is in order greedy corporations these are greedy -- these are -- policies that are driven by mismanagement of the economy, on the part of the government. >> -- well this won't work you know maria as you know we tried, price controls in 70s under president nixon leads to shortages, marginal producers don't produce more you get less supply higher prices, you get shortages and also get weaker quality, if this worked we would just do this all the time, you know we would just fix prices, it leads to precisely opposite impact what you are trying to achieve. maria: yeah yet markets are still going strong, is that because earnings that is because there is expectation that trump's business-friendly policies return to the white house in this market, has incredible momentum. >> yeah

. >>> when we come back, the federal trade commission's efforts to block the kroger/albertson merger, themes we're seeing play out on the campaign trail. we've got that story when "squawk box" returns. >> announcer: executive edge is sponsored by at&t business. next-level moments need the next-level network. i'm really just here for the at&t internet, it's super-fast so, any pre-launch concerns? what if nobody buys them? that's mean or, what if everybody buys them? oh, i hadn't thought of that that's probably not gonna happen can we handle that kind of traffic? the network can handle it! i downloaded eight hours of true crime stories just during our last video call i'm learning a lot >>> the federal trade commission continues its quest to block the merger of grocery industry players krogers and albertsons. eamon javers has more on the trial that started this week, something you probably wouldn't have seen as recently as a couple of years ago,ago,ing /-- eamon. it's a shift in regulatory enforcement we've seen under the biden administration. traditional efforts are worried about price