mcmullen. he is the ceo and chairman of the board at kroger where he started his career as a part-time stock clerk in 1978. very impressive. mr. sankaran is a president and ceo of albertsons company inc. prior to that he served as ceo of pepsico foods north america. and i appreciated both of you talking to me at length about your plans. next up, mr. sharma, who is a senior researcher specializing in competition and antitrust matters at consumer reports. thank you for your good work becoming more important as we look at this consolidation and our economy. professor sweeting is the department chair and professor of economics at the university of maryland, college park. he served as director of the bureau of economics at the federal trade commission in 2020. and then finally mr. needler who is the president and ceo of fresh encounter inc. which is an independent grocery retailer headquartered in ohio. he is a third-generation grocery. so i thank our witnesses and i'm very pleased come maybe i will

mcmullen described in his testimony.he marketplace for groceries over the past decade has completely transformed, making the competition for consumers fierce. the best way to compete with mega stores like walmart and highly capitalized online companies like amazon would be through a merger with kroger. even after this merger, walmart, costco, and amazon will have nearly three times in the share of grocery sales as kroger and albertsons combined. finally, i would like to endorse what mr. mcmullen stated in his testimony, regarding the benefits of the proposed merger. i would like to add that this transaction is good for albertsons loyal customers, employees, and communities. first, our customers come to us to get quality products at a fair price. i'm confident that this merger will help us to even better. for example, at albertsons, we invest in manufacturers, transporters, and farmers to ensure that we have a stable supply chain. this merger will allow us to provide more stability so manufacturers and farmers can have th

mcmullen.ext up, mr. sankaran. >> thank you, senator. chairwoman gorbachev, members of the subcommittee, my name is vivek sankaran, and i'm albertsons chief executive officer. i appreciate the upon an opportunity to be here today with rodney mcmullen of kroger and share my views on why albertsons merger with kroger is good for the communities we serve. -- more competition, not less. and why it will provide our employees with security and create one of the largest private sector union employers in our country. i'm humbled to sit before you. what my story and the story of albertsons our american stories. i'm a fortunate immigrant american. i came to the united states in 1986 to earn a masters in engineering from georgia tech. while there, i worked in a floored -- a coffee shop, my first job in america, where i earned $3.25 per hour. a lot of money as a young immigrant. after graduating, i worked as an engineer in factories in rural georgia, tennessee, and arkansas. i then earned an mba, worked as

it is home to a boutique called mcmullen, linking fashion to activism.de mcmullen, you immedte overwhelmed by could tour. >> i think it is 36 hours to create one dress. jobina: the luxury boutique celebrating its 15th birthday sits in uptown oakland, the brainchild of sherry mcmullen. >> what i love about the style in oakland, everyone has their own personnel style. they are not looking for big labels, it is about mixing independent designers with their own. jobina: sherry has been called a champion of young fashion talent. even a taste maker by vogue. before that, she was a buyer for neiman marcus. >> when i started 15 years ago, i knew i wanted to create a space for those younger designers. i just thought, i know there are more designers out there. i know there are more designers thatooikme outthere. how do we findi go t copenhagen. jona during the nba finals, sherry styled steph curry. one of her most notable discoveries is designer chris john rogers. they met during fashion week in 2019. >> it was the one collection that stood out in my mind. i was t

mcmullen and mr. shotgun.hat i found in california, there are currently nine retail grocery stores -- excuse, me 11 retail grocery stores, nine of which are owned by kroger or albertsons. in the community of san pedro, part of less angeles, they have five retail grocery stores, and for our operated by albertsons. i can point to many other communities they can see in california, where they have fewer retail grocery store options if this merger goes through. and so in this particular market, competition is absolutely local, and fewer local options means less competition to keep prices low. in your testimony, you both suggest that your stores compete with premium stores like whole foods, and the -- or warehouse stars like roscoe. where expensive online grocery delivery services. from my experience, consumers know better. replacing the neighborhood grocery store with premium alternatives means a consumer will face a dramatic increase in the price of their basic staples. and likely the number of stops that they wou

it is home to a boutique called mcmullen working to link fashion and activism.obina fortson. >> step inside mcmullen and you are overwhelmed by couture. the boutique, celebrating his 15th birthday, sits on broadway in oakland. it is the brainchild of sherry mcmullen. >> everyone has their own personal style so they are not necessarily looking for the big labels or that. it is about mixing independent designers with their own. >> cherry has been called a champion of young talent and a taste maker by vogue, but before that, she was a buyer for neiman marcus. >> when i started 15 years ago, i knew i wanted to create a space for younger designers. i thought, i know there are more designers out there, designers who look like me, but how do we find them? >> she has it figured out now. i go to copenhagen, new york, paris, lagos. >> she styled steph curry. one of her most notable discoveries is designer christopher john rogers. they met during fashion week in 2019. >> it was the one collection that stood out in my mind. it went back to me. >> christopher john rogers wen

oakland is home to a boutique called mcmullen.u are immediately overwhelmed. >> it is something like 36 hours to create one dress. jobina: the boutique sits on broadway in uptown oakland. it is the brainchild of sheri mcmullen. >> what i love about the style is that everyone has their own personal style. they are not looking for big labels, it is about mixing independent designers. jobina: she has been called a champion of young fashion talent and a taste maker. before that she was a buyer for neiman marcus. >> when i started 15 years ago i wanted to create a space for younger designers. i thought i know that there are more designers out there and those who look like me but how do we find them? jobina: she has it cured out. >> i go to new york, paris, copenhagen, oakland, san francisco. jobina: during the nba finals she styled steph curry including -- and designers including one from oakland. one of her most notable ones is christopher john rogers. >> it was a one collection that stood out and i kept going back to that and thinkin

kroger giving up a pop among its megna deal with albertson eechls up next we'll talk with rodney mcmullen before the senate you're watching "closing bell" on cnbc. the pursuit is on. the pursuit of outperformance at pgim. with deep expertise to outthink across multiple asset classes, actively managing investments in the world's public and private markets. outscale, with the resources to serve 1,500 clients in 52 countries. and outlast, with long-term conviction that looks beyond today's volatility. join the pursuit of outperformance at pgim. the investment management business of prudential. folks, it looks like we're gonna have to land this big old bird earlier than expected because it's the xfinity black friday sale. get the fastest mobile service with xfinity mobile. yeah, we'll be cruising in to get the best price for 2 lines of unlimited for just $30 each per month. oh my! plus, for a limited time, get 500 dollars off an eligible 5g phone. even you in 22c. flight attendants, prepare for big savings. drop everything and get to the xfinity black friday sale. click, call or visit a store

i'm tside sadiego to meet matt mcmullen. the founder of realbotix. matt is building androids that people will want to embrace, physically. - the goal is to create not only a robot, but an ai that are both appealing enough, that someone would feel like they were actually getting to know someone, not some thing. - [shivani] once the sculpting and casting is complete members of matt's team mold the silicone skin on an actual functioning robot. - the faces are actually modular. the face just literally comes off. - yes it does. - the idea is you create one robotic head and a whole bunch of different characters that can allun on that same heads. so all of the things that move in the face are actuated by these magnets that are in the skin. - matt's team of programmers use artificial intelligence to create advanced chatbots for these robots. the goal is for them to have natural conversations with their companions. it's blinking. - yeah, she'a blinker. - this is a test of my system. - oh my gosh, it's looking at me. - hello, how are you today? - i'm okay. i'm

he and two friends, mike smith and mcmullen, began selling the first panels.he word got out and soon san francisco was inundated with panels sent by grieving family members. >> these are people that were loved. these were people who had families. these are people who made enormous contributions to their communities. >> reporter: jim bunn was a kpix reporter covering the epidemic. he said it was the quilt that changed the way the country looked at th each one o was a human loss. it was a human loss felt by the people who experienced that loss. it changed how anyone was a skeptic in those days looking at this as anything the human loss. >> reporter: they conspired to get some of the panels displayed in the try point for people to join the movement against hiv and a.i.d.s. >> reporter: these days as active as he is fighting for causes he believes in. he is still marvels at his own survivability. while he is proud of the lifetime of commitment award, he has a tongue-in-cheek response to it. a li responding, i am getting quite a few of these these last month. i am

and in utah with the republican candidate mcmullen. >> dana: she does vote with them 90% of the time. >> 95. >> bill: good to see you in person. elon musk releases more details on the inner workers of twitter. what they revell. >> dana: republicans are going to look into hunter biden's business dealings. >> we'll bring them in and they'll have an opportunity to explain themselves to us and explain why they continue to make so many mistakes at best and at worst they look like they're politicized. after years of chasing the big idaho potato truck... i finally caught it. oh man. always look for the grown in idaho seal. for adults with generalized myasthenia gravis who are positive for acetylcholine receptor antibodies, it may feel like the world is moving without you. but the picture is changing, with vyvgart. in a clinical trial, participants achieved improved daily abilities with vyvgart added to their current treatment. and vyvgart helped clinical trial participants achieve reduced muscle weakness. vyvgart may increase the risk of infection. in a clinical study, the most common infect

rodney mcmullen intends to put a lot of money into a new deal to create a new competitor.tor at justice, doesn't matter, doesn't work now, as you've always told me, jim, you seem to forget the fact that you can appeal their rulings. you can take them to court. >> yeah. obviously, you can just defend yourself in court if they bring, as we know, right? at&t successfully defended itself, completed the time warner merger. that said -- >> that could happen. >> it happened a year later than they wanted it to and that was very detrimental. >> and that's what hurt kroger, i think. the idea that this is going to drag on. you may think it's going to be done quickly, and it's not our same-store sales may not mean anything to you at this point next year. >> can become a real distraction for management and shareholders. let's get over to bob pisani and check on the broader market after the big rally yesterday. >> the dow is down on salesforce the s&p is up. inflation moving in the right direction. that's why we're up. risk-on up here, if you want to look at ark, metals and mining stuff

raise the rick for cognitive decline and for the average diet about 400 calories or one sausage mcmullenht-piece nuggets from burger king or a 12-ounce can of soda. joining us with this awful news is the doctor, and not surprising junk food is bad for you but the fact it could put you at risk for dementia is not good news. >> i'm always the bearer of bad news. ultra processed foods, what are they? you mentioned, foods that are really loaded with saturated fats, trans-fats, sugar, salt and a lot of add titives design to be palpable and addict niv a sense and pretty much anything you think of you dream about eating your kids love, that you can eat easily or heat up easily. things like hot dogs, hamburgers, pizza, french fries, cookies, pastry, candy and soda and unfortunately they make up a large part of the american diet. in fact, 58% of the calories we consume in america are from ultra processed foods. >> just the meat stuff or my daughter's vegetarian and i heat up veggie nuggets. things like that. >> can be that, too, yes. it's additives. read the label and look. processed meats, too.

the ceo rodney mcmullen was accused of silencing his christian employees and refused to wear a gay pridebol. he was more from senator cotton and why so important for republicans to hold woke ceos accountable. speak with a large public corporations have in fact become an arm of the democratic party. in this case kroger didn't just refusing to wear what they perceived as a gay pride symbol and being sued by the trump equal opportunity commission and settling it. you also have them forcing employees to go through things like critical race theory training or gender ideology based training. we have seen this in georgia where brian kemp stood up the delta, coca-cola for falsely defending the law that they passed last year and made it easier to vote in order to achieve. we sell that ron desantis standing up to disney world. corporations for a long time have come to republican politicians and expected us to stand up for them. traditionally, more friendly towards the enterprise system to say for democrats. >> carley: thank you, todd. you can't say it better than tom cotton. he blurted without so

remember in the recent election, evan mcmullen ran as an independent in utah, put up a good showing but question of this and i asked it of evan, okay, you're going to be an independent but will you caucus with either party because if you don't won't you lose any committee standing. he cited for me on cnn, a senate rule, i think it was 25 but don't hold me to it, he said there's a senate rule that applies that guarantees that a sitting senator has at least two committee assignments. that will be interesting to see how that gets handled because i don't think democrats will want to punish her because ultimately they're going to need her given the close margin that exists in the u.s. senate. the two of you made reference to this in a prior segment this morning, one wonders if she would have had this coming out as an independent if the election had gone in a different direction. in other words, the ds can afford to lose one. i don't know if she would have made this move if say herschel walker and one other race had gone differently. >> good point. >> i feel like she knows rule 25 or whatever

that mcmullen, after reporter, and others had long been personally friends, allies, and political convenience with jackson, lee, and joe johnston. that they were looking for an opportunity to agree on some compromise or adjustment, turn out lincoln and his black republicans, and use their respective armies to enforce their decision north and south. the new york tribune was even more -- to finger him for lying. >> i was with pope's army is a correspondent, wrote a new page, porter did not intend to help pope win that battle. pope submitted a preliminary report on september 4th, the next day lincoln suspended porter from command in ordered the court of inquiry into pope's conduct at the run. that should have spelled the end for porter's military career. it didn't, because the crisis that prevailed in the wake of popes bowler and disaster was so brave that lincoln felt he had no choice but recall george mcclelland. first to supervise the defensive washington on september 2nd, then on september six to resume direction of the army of potomac with all of popes fragments securely under his command.

if she really tries to hold herself apart in the way that evan mcmullen for example held himself out if he had won in utah, we're looking at a very different picture. >> that is why i thought jon tester's answer was so interesting when you asked him, are you comfortable being a democrat in montana? clearly, he is. he talked about fdr and the importance of continuing that. and so i think that it is a very risky strategy, chuck. it is not clear a lot of people will be following her. >> especially when she acts like a hermit and does that. that is the issue. >> no there won't be this movement because you know how much a senate race costs? no there won't be independent movement. you need the party structure. >> extraordinarily important. party switching of course not unheard of in the united states senate. according to the body's historian 21 senators changed parties while serving in the upper chamber since 1890. wayne morris is my favorite example, democrat, independent, and republican at one point in the state of oregon but the last time a democratic senator did this was in 2006 connec

is one to watch it's a very good stock >> how much of that is pegged to, for example, what rodney mcmullenoger said last week, and that is inflation's going to moderate, and some of those margins at grocers, for example, are going to soften >> well, i do know that you still everything that goes into pepsico, every aspect of it's come down. but they only replace once a year, so if you're going to think about what to be in, in 2023, don't give up the ship pepsico. i think -- of course, headwinds turn to tailwinds in 2023 for them for coca-cola too. there's a lot of companies that did very good numbers next year. people don't understand what went into a product has all come down everything >> we have a couple of conferences. uvs has their annual media conference going on. our boss making comments on the ad market that may be worth sharing. ad market's gotten worse over the last month or so, hard to figure out if that's because of macroconditions or because people are just uncertain. he says he thinks it's more uncertainty, and basically said fourth quarter is where we're seeing some weakness,