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Mar 11, 2025
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if trump buys a pepsi cannot by any better pepsi than i can what would he do with the money if he hadverything with the democrats the republicans are billionaires. they're doing everything for the billionaires. the biggest percentage of people that benefited from the trump tax cuts are the lower income people. should they not renewed trump tax cuts all of these morons that call in and talk about the billionaires are going to find out the biggest percentage of c the tax cuts were to lower people on the income scale. piped that up on your thing and see if i am lying. >> right kent, this is the front page of the wall street journal about the stock market. the market plunges, recession worries it says a new round of recession rattled markets on monday sending the dow jones industrial averagein down 890 points. eroding wall street consensus among this would be year's biggest winners. present trump to client over the weekend setting off a fresh wave of decline in u.s. stocks. he was interviewed by fox news and talked about the possibility of recession. here he is. >> regards i know you inhe
if trump buys a pepsi cannot by any better pepsi than i can what would he do with the money if he hadverything with the democrats the republicans are billionaires. they're doing everything for the billionaires. the biggest percentage of people that benefited from the trump tax cuts are the lower income people. should they not renewed trump tax cuts all of these morons that call in and talk about the billionaires are going to find out the biggest percentage of c the tax cuts were to lower people...
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Mar 4, 2025
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. >> medtronic and pepsi-cola, 16.5 times earnings for medtronic. about 18.5 times for pepsi-cola. medtronic has a 2.9% dividend. that medical device maker pepsi-cola, 3.4% dividend 7% earnings growth. you know, if i got a 3% dividend. and 7% earnings growth and a 10% return out of these kind of stalwart companies, i'd be okay. i'd be cautious in here still because the market's adjusting to a new president who's thrown a whole lot. at us. the fed's got to figure out what to do. ukraine's got to figure out what to do. >> so remember. >> warren buffett's looking for a buying opportunity. he's sure not going to panic and neither should you. >> all right gentlemen, thanks. the mic's mike bailey, fb michael farr farr miller and washington appreciate it. >> all right. on deck. call it shields from the sell off. some defensive ways to play this market meltdown. what's next? >> a us bank. >> when we say we're. >> in it with you, we mean. >> it not just. >> for the. good stuff, the grand openings and the celebrations, but. for all the hard work it took. >> to get there. >> we are in for all
. >> medtronic and pepsi-cola, 16.5 times earnings for medtronic. about 18.5 times for pepsi-cola. medtronic has a 2.9% dividend. that medical device maker pepsi-cola, 3.4% dividend 7% earnings growth. you know, if i got a 3% dividend. and 7% earnings growth and a 10% return out of these kind of stalwart companies, i'd be okay. i'd be cautious in here still because the market's adjusting to a new president who's thrown a whole lot. at us. the fed's got to figure out what to do. ukraine's...
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Mar 1, 2025
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costco announced last week they will be switching their food court soda fountains from pepsi to coca-colai guess, thank you? [ light laughter ] i mean, you know, sometimes -- sometimes he gets one right. [ laughter ] that's right. costco will be switching their food court soda fountains from pepsi to coca-cola, but they assured customers that their hot dogs would still be made from whatever meat $1.50 can buy you. [ laughter ] a massachusetts couple recently had their wedding at chuck e. cheese. and now they're thinking they'll wait a while to have kids. [ laughter ] in honor of valentine's day, dunkins will add two of its most requested doughnuts, brownie batter and cupid's choice back to its menu. and if you take her to dunkin' on valentine's day, you might as well order those because you're not getting any holes. [ laughter ] [ audience oohs ] you know, the famous valentine's day expression. [ laughter ] "how did your valentine's day go?" "it went pretty good." [ light laughter ] "did you get any --" [ light laughter ] neilson has released its analysis of last year's most streamed tele
costco announced last week they will be switching their food court soda fountains from pepsi to coca-colai guess, thank you? [ light laughter ] i mean, you know, sometimes -- sometimes he gets one right. [ laughter ] that's right. costco will be switching their food court soda fountains from pepsi to coca-cola, but they assured customers that their hot dogs would still be made from whatever meat $1.50 can buy you. [ laughter ] a massachusetts couple recently had their wedding at chuck e....
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Mar 12, 2025
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laid out his top priority in his first meeting with executives from pepsi, kellogg, general mills andply. >>> more than 82 people were sickened on a princess cruise ship. the ship departed los angeles on february 21st on a ship visiting mexico, the panama canal and more before ending in ft. lauderdale. the coral princess saw an outbreak on a cruise in late january. >>> tiger woods underwood #úg&ut achilles tendon while ramping up training at home. his doctors said a full recovery is expected. >>> and, in honor of national girl scout day, wendy's is giving away frosties, customers can claim the offer on the app. good morning, mr. snuggles. make breakfast special with the cocoa and hazelnutty goodness of nutella. ( ♪♪ ) with hotels and vacation rentals, booking.com has something for everyone. seashells! you got anything more boutique? oui, oui, oui. right this way... now we're talking. what about something more family friendly? oooh maybe a resort with a waterpark... [water splash] or somewhere less family-friendly? yep! one vegas hotel for the bride to be. what if we hate everything? w
laid out his top priority in his first meeting with executives from pepsi, kellogg, general mills andply. >>> more than 82 people were sickened on a princess cruise ship. the ship departed los angeles on february 21st on a ship visiting mexico, the panama canal and more before ending in ft. lauderdale. the coral princess saw an outbreak on a cruise in late january. >>> tiger woods underwood #úg&ut achilles tendon while ramping up training at home. his doctors said a full...
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Mar 12, 2025
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the subscriber growth as analysts worry about their ability to maintain their network, nearly 5%, pepsi another loser, jeffries downgraded them to a hold, limited upside from the company after january lows and that's down 2%. still ahead. much more on the new tariffs and our interview with howard lutnick plus one democrat comparing this country to an angry teenager. >> we were sad, we want this, we want that, try to get to this period alive so that their brain can fully form. stuart: what? we will bring you her full explanation. donald trump says he will talk to vladimir putin together ukraine peace deal done. >> you think you need to have a conversation with him to get the russians to agree? >> it takes two to tango as they say so hopefully he will also agree. stuart: secretary of state marco rubio says the us will have contact with russia today. the full story next. king... (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 everything, it takes a little planning. or, put the m
the subscriber growth as analysts worry about their ability to maintain their network, nearly 5%, pepsi another loser, jeffries downgraded them to a hold, limited upside from the company after january lows and that's down 2%. still ahead. much more on the new tariffs and our interview with howard lutnick plus one democrat comparing this country to an angry teenager. >> we were sad, we want this, we want that, try to get to this period alive so that their brain can fully form. stuart:...
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Mar 10, 2025
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and the first face-to-face meeting between hhs secretary kennedy in the companies, general mills and pepsi with the consumer brand association which has been pushing for this meeting they will be in attendance to that group represent some of the biggest player in the food industry and their interest like class times, were male, coca-cola and many, many others. while we don't have exact details on what douglas goss, rfk has been clear u.s. food companies need to simplify the process food in going into thoe foods. >> something is poisoning the american people and we know the primary culprit are changing food supply is switch to highly chemical intensive process food. we have 10000 ingredients and our country in our food, europeans only have 400. today's meeting is happening at the same time the hhs is trying to downsize offering a 25000-dollar lump-sum payment for employees to voluntarily step down they have until the end of the week to decide if they want to take it. stuart: thank you. doctor marc siegel joins us now. we need a doctor and we got one. more states are rushing to bands food dy
and the first face-to-face meeting between hhs secretary kennedy in the companies, general mills and pepsi with the consumer brand association which has been pushing for this meeting they will be in attendance to that group represent some of the biggest player in the food industry and their interest like class times, were male, coca-cola and many, many others. while we don't have exact details on what douglas goss, rfk has been clear u.s. food companies need to simplify the process food in...
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Mar 10, 2025
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executives from general mills, pepsi, and many more are going to be there in attendance as kennedy continueshis efforts to get dyes and other additives out of our food supply. let's bring in dr. marc siegel. good to have you on the program today. some of the senior leaders were told here at fox news that they may even talk about adjusting u.s. regulations for additives and thighs to meet european standards. i want to pull up on the screen the difference between what is in our food here and what people in europe eat. in the united states we can have 3,000 plus food additives allowed in our food. in the e.u., it is just 300. a fraction. doctor, how much pressure can rfk put on these food companies today? >> i think he can put a lot of pressure, for two reasons. first of all, he's been on this and studied it very strongly. this should be a bipartisan response to this because everybody knows our food is unhealthy, and as you just pointed out, we have ten times more additives than the european union has, and they have additives they should not have. we have hops in our beer that has been directly
executives from general mills, pepsi, and many more are going to be there in attendance as kennedy continueshis efforts to get dyes and other additives out of our food supply. let's bring in dr. marc siegel. good to have you on the program today. some of the senior leaders were told here at fox news that they may even talk about adjusting u.s. regulations for additives and thighs to meet european standards. i want to pull up on the screen the difference between what is in our food here and what...
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Mar 12, 2025
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visitors can see attractions such as crystal pepsi, care cake oreos and of course the don lemon exhibituse] amazon studios, the new owner of the james bond franchise promises the beloved superspy will remain male and british. that rules out print harry. >>> researchers say the more you spend time with dogs, the more likely you are to mr. reed their emotions. for example,, this one isn't angry. it is hungry. according to a new survey, attractive workers earn $20,000 more per year than unattractive ones. for example,, here is some data on famous faces. and a london club has banned audience members with frozen faces that are due to botox. so guess who canceled their girls trip to england? >> they even look the same. >> greg: they do look the same. >> is that michael jackson? >> greg: how do you know when you were doing the right thing? when you drive than nutty people not here. here's a federal worker losing her mind over elon's five work achievements email. >> when you wake up or when you were on your weekend and you get the fork in the road message or you get the subsequent five bullets,
visitors can see attractions such as crystal pepsi, care cake oreos and of course the don lemon exhibituse] amazon studios, the new owner of the james bond franchise promises the beloved superspy will remain male and british. that rules out print harry. >>> researchers say the more you spend time with dogs, the more likely you are to mr. reed their emotions. for example,, this one isn't angry. it is hungry. according to a new survey, attractive workers earn $20,000 more per year than...
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Mar 10, 2025
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taking on big food today meeting face-to-face with leaders from general mills and pepsi among others.and chemicals. he's been targeting things like potassium bromide, red dye number 3. what are these things? they are used to make plastics more flexible, they can get into food through packaging or even contaminated water and a soil. they have been found in foods like yogurt, cheerios, and progresso soup. potassium bromate is a controversial chemical added to improve dough into baked goods, it has been banned by a number of countries. here to help us understand all of this and how it affects our health, the host of the health podcast of the genius life and author of "genius food." max look -- >> you got it, you got it to. >> will: before we get of the specifics what you think about rfk meeting with the heads of these industries? do expect this to be antagonistic or them willing to make some moves towards making america's food more healthy? >> they aren't going to go quietly into that good night. is the bottom line at stake here. it's the first time rfk has been meeting head on the manip
taking on big food today meeting face-to-face with leaders from general mills and pepsi among others.and chemicals. he's been targeting things like potassium bromide, red dye number 3. what are these things? they are used to make plastics more flexible, they can get into food through packaging or even contaminated water and a soil. they have been found in foods like yogurt, cheerios, and progresso soup. potassium bromate is a controversial chemical added to improve dough into baked goods, it...
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we expect leaders from general mills and pepsi at the meeting as well as consumer brands association.. they will be in attendance and the group represents the biggest players in the food industry such as craft kinds, or mel, coca-cola and many, many others. while we don't know exactly what they are going to discuss pain and close doors, rfk jr. has been extremely clear u.s. food companies need to simplify the ingredients in processed foods and more transparent what is going into those foods packaging. >> we have a system in our country unlike any in the world so that manufacturers and many of these ultra processed foods are selling product in our country loaded with chemicals in the same product in canada that has only a few ingredients. and that is not acceptable. >> and kennedy makes that same point about products sold here versus in europe having 10,000 ingredients, for example here, and 400 in europe. we should point out, harris, today's meeting at hhs happening the same time the agency offering $25,000 lump sum payment to employees who want to voluntarily step down. that is in ad
we expect leaders from general mills and pepsi at the meeting as well as consumer brands association.. they will be in attendance and the group represents the biggest players in the food industry such as craft kinds, or mel, coca-cola and many, many others. while we don't know exactly what they are going to discuss pain and close doors, rfk jr. has been extremely clear u.s. food companies need to simplify the ingredients in processed foods and more transparent what is going into those foods...
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charles: your stock picks include blackstone, bx, pepsi. and i want to ask you about vici.ng really intriguing. is the coast clear there? >> well, look, no. as an asset class, real estate is too big. there's too much troubled real estate and full steam ahead real estate. we do see blackstone starting to buy office space in new york again, that's interesting. charles: between them and floyd mayweather, i'm really excited. >> there you go. [laughter] you're really talking about specific properties that we're bullish on, and that's what i would say is true about stocks, real estate credit. be selective. underwriting matters. not all real estate, but some. charles: i owe you a lot more time next time. appreciate it. >>> president trump's joint address to congress just a few hours away. we've got the former prime minister of the u.k., liz truss is with us. what she would like to hear tonight and and also what's happening in the u.k.how maybe they're going to mirror the maga-style movement in that country. we'll be right back. ♪you ♪ ...to income in retirement. you got this. vang
charles: your stock picks include blackstone, bx, pepsi. and i want to ask you about vici.ng really intriguing. is the coast clear there? >> well, look, no. as an asset class, real estate is too big. there's too much troubled real estate and full steam ahead real estate. we do see blackstone starting to buy office space in new york again, that's interesting. charles: between them and floyd mayweather, i'm really excited. >> there you go. [laughter] you're really talking about...
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Mar 10, 2025
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i got some i got pepsi up 0.69% here. hey, look at this. mondelez is up a percent. toblerone, buddy. toblerone? >> oh. >> my wife hits me with the toblerone when i get out of the way. when i get out of line, boom boom boom. >> hey. yeah. >> jim. >> i, i looking at. >> even. >> with the. recent pullback. >> it seems like everything's. >> a lot of stuff. >> up there near 52 week or. >> maybe all time highs. >> that's right. >> really to find a really difficult to find. >> anything viable. >> so i've been looking. >> for some. >> viable pullbacks. >> i might okay. >> one here. >> all right. >> yeah this. this stock trades. >> at a real cheap multiple about six times far. >> below its ten year average p. >> juicy. >> dividend. great recurring year over. >> year revenue growth. >> margins are way up. net income way up. >> growing a. three year. >> revenue kegger. >> around 30%. >> despite this the stock is down about close to. >> 20% over. >> a month. >> the intrinsic value is around 106. >> i think. >> it's a. >> buy right here. >> at least. >> to 100. >> maybe you can
i got some i got pepsi up 0.69% here. hey, look at this. mondelez is up a percent. toblerone, buddy. toblerone? >> oh. >> my wife hits me with the toblerone when i get out of the way. when i get out of line, boom boom boom. >> hey. yeah. >> jim. >> i, i looking at. >> even. >> with the. recent pullback. >> it seems like everything's. >> a lot of stuff. >> up there near 52 week or. >> maybe all time highs. >> that's right....
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Mar 11, 2025
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hell, if trump buys a pepsi, he cannot buy a better pepsi than i can buy.hat would he do with all of this money if he had it? everything with the democrats is the republicans are billionaires, they are doing everything for the billionaires. the biggest percentage of people that benefited from the trump tax cuts are the lower income people. should they not renew the trump tax cuts, all of these more on that -- morons that call in and talk about tax cuts for billionaires are going to find out the biggest percentage of tax cuts that trump gave were the lower people on the income scale. type that up on your thing and see if i am lying. host: all right, kent. this is the front page of the wall street journal about the stock market. it says the market plunges, recession worries spread. it says a new round of recession fears rattled markets on monday, sending the dow jones industrial average down 890 points when eroding wall street consensus that u.s. stocks would be among this year's biggest winners. it says worries about a trade war, signs of flagging growth com
hell, if trump buys a pepsi, he cannot buy a better pepsi than i can buy.hat would he do with all of this money if he had it? everything with the democrats is the republicans are billionaires, they are doing everything for the billionaires. the biggest percentage of people that benefited from the trump tax cuts are the lower income people. should they not renew the trump tax cuts, all of these more on that -- morons that call in and talk about tax cuts for billionaires are going to find out the...
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Mar 5, 2025
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and the us multinational space, you know, companies like pepsi, netflix, all these guys make. >> almosts overseas. so for us, this. >> shift. >> is one that started years ago, accelerated during covid. and now you really are seeing seeing it potentially accelerate further this year with trump policies. and it's one we really have to understand what this impact on corporate earnings may be and what this means for us large national companies. >> yeah, we have seen earnings estimates revise to the downside. i want to ask about the action we're seeing in the premarket. right now. we're just showing the pre-market moves. i'm seeing a bit of a bounce. what do you attribute that to. we saw some other guests say a lot of that is due to howard lutnick, the commerce secretary, saying that the president and mexico and canada are going to reach some type of deal. >> yeah. it's who do. >> you believe? is it letnik or trump? you know, trump. last night said nothing about that. >> he said there may be a. >> little bit of difficulties. >> coming up. and letnik isn't saying there's going to be a pause i
and the us multinational space, you know, companies like pepsi, netflix, all these guys make. >> almosts overseas. so for us, this. >> shift. >> is one that started years ago, accelerated during covid. and now you really are seeing seeing it potentially accelerate further this year with trump policies. and it's one we really have to understand what this impact on corporate earnings may be and what this means for us large national companies. >> yeah, we have seen earnings...
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Mar 11, 2025
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you know it's the abbvie coke pepsi pfizer. a year ago the gross side holdings were investors favorites. but there is a clear leadership shift here. and you can you can see that by the returns. yeah. so bottom line you you have to pay attention to broadening diversification in these portfolios and just don't ignore value. >> right. so in the in the high you know high growth large cap growth fund there 48% weighted in technology. and the high dividend fund it's 18% financials. that's the biggest holding. you're not concerned there about a slowdown. >> no i mean that goes back to that diversification within that that portfolio. so when you've got a growth fund or growth etf right now you're looking at i mean a lot of them are half of the portfolios are in those those growth stocks. and we're seeing that slowdown. you start to look in the value area or dividend area. and it's well diversified. you've got a handful of sectors. and you know we like staples. we like healthcare. they're leading year to date. there's a handful of reaso
you know it's the abbvie coke pepsi pfizer. a year ago the gross side holdings were investors favorites. but there is a clear leadership shift here. and you can you can see that by the returns. yeah. so bottom line you you have to pay attention to broadening diversification in these portfolios and just don't ignore value. >> right. so in the in the high you know high growth large cap growth fund there 48% weighted in technology. and the high dividend fund it's 18% financials. that's the...
SFGTV: San Francisco Government Television
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Mar 3, 2025
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measure because it was on the ballot there was another i didn't know if it was exactly the same as pepsi or if you bunched other things. >> there's two properties so one funds early child care. so in our world it's big c which is homelessness gross receipts that little c which is the commercial roads tax baby see yeah baby see and oh yeah yeah yeah yeah. okay sorry for that though. big c is our measure. yes. yeah i just wanted to make sure yeah. if too many c's member shiffrin thank you so much. >> i have a couple more questions. one is you said that part of the effort of this was to make it simpler like how is this simpler? that's great. what do we streamline? so i think the biggest simplification is that we went from, you know, a dozen different category. so if you were a business and you were filing you had to find your business activity, figure out which one you were in. it's not just a simple rate question you had each category had its own formula for how to calculate the tax that meant that if they made a mistake i'm going to say that very generously let's say they made a mistake o
measure because it was on the ballot there was another i didn't know if it was exactly the same as pepsi or if you bunched other things. >> there's two properties so one funds early child care. so in our world it's big c which is homelessness gross receipts that little c which is the commercial roads tax baby see yeah baby see and oh yeah yeah yeah yeah. okay sorry for that though. big c is our measure. yes. yeah i just wanted to make sure yeah. if too many c's member shiffrin thank you...
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Mar 6, 2025
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so now ceo and cfo, they've hired someone, a longtime executive at pepsi, but still still questions.erybody's asking. you're going. it's being kept really tight. it is, i'm told only the board and the gc get their nose about this figure out. it's just surprising if you know rodney, because he was a straight as an arrow. >> all right. a lot more coverage, of course, of these markets. we're off the lows. markets. we're off the lows. nasdaq though still dow ♪ (action music) ♪ woah! i can't do it! agh! cut! this gap! it's just too big. bring on the double! aflac! after my hospital stay, aflac helped close the gap by paying me cash for expenses health insurance didn't cover. nothing covers gaps better than the aflac duck. aflaaaaac! aflac. get help with expenses health insurance doesn't cover. find an agent, get a quote at aflac.com. you do look like me. mhmm! >> we empower those who act, those who see the correlation between predictability and probability. those who manage risk by anticipating each movement. flawless execution. timing and accuracy. identify the goal. match power with the
so now ceo and cfo, they've hired someone, a longtime executive at pepsi, but still still questions.erybody's asking. you're going. it's being kept really tight. it is, i'm told only the board and the gc get their nose about this figure out. it's just surprising if you know rodney, because he was a straight as an arrow. >> all right. a lot more coverage, of course, of these markets. we're off the lows. markets. we're off the lows. nasdaq though still dow ♪ (action music) ♪ woah! i...
SFGTV: San Francisco Government Television
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Mar 10, 2025
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made of more recycled content so by the time 2030 rolls around t recycle content in a coke bottle, pepsiottle, water bottle, will be up to 50% which is higher thatten the percentage in the european union and the highest percentage in the world. and that way you can actually feel confident that what you're drinking will actually become recycled. now, our recommendation is don't use to plastic bottle to begin w but if you do, they are committing to 50% recycled content. >> the test thing we can do is vote with our consumer dollars when we're shopping. if you can die something with no packaging and find loose fruits and vegetables, that is the best. find in packaging and glass, metal and pap rer all easily recycled. we don't want plastic. we want less plastic. awe what you we do locally is we have the program to think disposable and work one on one to provide technical assistance to swap out the disposable food service to reusables and we have funding available to support businesses to do that so that is a way to get them off there. and i believe now is the time we will see a lot of the sol
made of more recycled content so by the time 2030 rolls around t recycle content in a coke bottle, pepsiottle, water bottle, will be up to 50% which is higher thatten the percentage in the european union and the highest percentage in the world. and that way you can actually feel confident that what you're drinking will actually become recycled. now, our recommendation is don't use to plastic bottle to begin w but if you do, they are committing to 50% recycled content. >> the test thing we...
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Mar 8, 2025
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that meant coke, pepsi, all these that used aluminum cans, we couldn't get the product. that 4% gross margin, when you stretch it across the board to all people concerned, these people were investors into the food industry in this country, from farm to table. when you cut them out of their margins, they quit investing in that business. when they quit investing, you have nobody. the small boy in the corner in the grocery chain, he cannot compete with the big boys. when he has to, he goes broke, because they force him out. if you want to have the things you want and you want it at a price americans want -- we want the best pay when it comes to being paid, but we want the cheapest prices. you cannot have it both ways. if you're going to keep on hounding this industry, you will find out you will find less and less. eggs and milk in a dairy department in a grocery store -- it is like the things at the register when you check out, it is that impulse buy. the only reason you have eggs at that price -- i've been in the grocery business over 20 years now, and eggs and milk -- hal
that meant coke, pepsi, all these that used aluminum cans, we couldn't get the product. that 4% gross margin, when you stretch it across the board to all people concerned, these people were investors into the food industry in this country, from farm to table. when you cut them out of their margins, they quit investing in that business. when they quit investing, you have nobody. the small boy in the corner in the grocery chain, he cannot compete with the big boys. when he has to, he goes broke,...
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Mar 8, 2025
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that meant coke, pepsi, all these that used aluminum cans, we couldn't get the product. that 4% gross margin, when you stretch it across the board to all people concerned, these people were investors into the food industry in this country, from farm to table. when you cut them out of their margins, they quit investing in that business. when they quit investing, you have nobody. the small boy in the corner in the grocery chain, he cannot compete with the big boys. when he has to, he goes broke, because they force him out. if you want to have the things you want and you want it at a price americans want -- we want the best pay when it comes to being paid, but we want the cheapest prices. you cannot have it both ways. if you're going to keep on hounding this industry, you will find out you will find less and less. eggs and milk in a dairy department in a grocery store -- it is like the things at the register when you check out, it is that impulse buy. the only reason you have eggs at that price -- i've been in the grocery business over 20 years now, and eggs and milk -- hal
that meant coke, pepsi, all these that used aluminum cans, we couldn't get the product. that 4% gross margin, when you stretch it across the board to all people concerned, these people were investors into the food industry in this country, from farm to table. when you cut them out of their margins, they quit investing in that business. when they quit investing, you have nobody. the small boy in the corner in the grocery chain, he cannot compete with the big boys. when he has to, he goes broke,...