35 Burst results for "General Mills"
General Mills issues flour recall after salmonella discovery
"General Mills has issued a nationwide recall on bags of its cooking flour. After dangerous bacteria has been detected in a sample. General Mills says it's discovered salmonella in a 5 pound bag of its gold medal flour. The company is now announced a recall involving two 5 and ten pound bags, including bleached and unbleached all purpose flour products. The affected batches have a best used date of March 27th or march 28th of 2024. General Mills is urging customers to check if they have bags in their cabinets or pantries, and they can call the company if they do. Although high heat cooking can kill salmonella. It's best not to take a chance. And the Food and Drug Administration warns, people should never consume raw products made with flour, like cookie dough, or batter. I'm Jackie Quinn
"general mills" Discussed on Stuff You Should Know
"All right, so in 1967, the easy bake oven is selling like hotcakes, literally. General Mills buys Kenner. And they did a couple of genius things. Because they were General Mills, they had no problem because they owned Betty Crocker as well, I assume. Launching Betty Crocker branded mixes. And then later on, they got to licensing deals with McDonald's and Pizza Hut because here's the thing, you can bake anything in an easy week oven, 'cause it's just a little oven. Yeah, so you can make pizza and you can make you don't have to buy these mixes. You can just bake cookies that you made from scratch. Yeah, there's like a lot of recipes online. Easy bake oven recipes. Yeah, that actually don't taste like garbage. Right. So yeah, they did have a huge line of mixes though, and they sold more than a 100 million of them over the years. Man, that's how they get you. But I mean, there were recipes for mixes for candy bars, pecan brittle, popcorn, bubble gum, you could bake your own bubble gum? Interesting. It is interesting. I would have tried that for sure. I want to see bubble gum come out in like a brownie pan. Yeah. I'd be like, I want some of that bubble gum. That looks amazing. We had a cotton candy machine. Now that I remember, what? It would just spin sugar and you would. Oh, I know what they do. Yeah. I wanted one. Yep. That thing was probably dangerous. It's probably like a nuclear centrifuge. What was interesting about those are fascinating to me was like the cotton candy, it's not called, it's like not the web. Fun sugar or something like that? Yeah. Yeah, I want to say web, but that's not it either. It's not really visible in the machine. But when you stick in the little cone, it just builds up on it. It's just coming out of another dimension into this one. Like coming out of a spider's butt. It's awesome to see. A pink and pink and blue spider's butt. Man, I had to go out yesterday. To still have my pickup truck, then because I just kept it because it was paid for. And I still move in haul stuff occasionally. I had to move something justify it to me. I had to move something yesterday. And I went out and that was the most beautiful huge spider web from a tree down attached to the rear tailgate of my truck. Like, chuck smash. With this big spider right in the middle and I was like, oh man, I just felt so bad. I didn't know what to do. So you just put in reverse and pretended nothing. You didn't see anything? No, actually plucked it off little by little because I want to ensure his safety. And the web just goes crumbling down into a long skinny string and he climbs right up to the tree, and I was just like, I'm really sorry. He's like, oh, I'm sure you are. I know. He tried to spit venom into my eyeball. He's like, what do you need your truck for? And you're like, I got to go get peanut butter? He's like, oh, good. Thank you for ruining 30 hours of my work. A giant vet of peanut butter that would only fit in my truck. All right, so let's flash forward here to the modern times. In 2007, the energy independence and security act when the government said by 2012, lightbulbs have to increase their efficiency by 25%. So bye bye 100 watt incandescent bulb. Yeah, so let me just say something. Let me set that up too. Over the years, the easy bake oven it just remained a steady seller. For Kenner and then Hasbro. The design had been basically the same. And went from two bulbs to one bulb, but it was this closed box where the heating element was, where there was a slot on the side. Remember, I went through the whole thing. Pushed it in and it came out. The cooling chamber on the other side. But really the design was the same. The outward look changed. It went from the weird its own thing to the late 70s and early 80s. It started to resemble a microwave. And then in response to this change in lightbulb requirements, easy bake did a redesign in 2006. And for the first time ever, the easy bake oven actually looked like an oven, like a stove. It had little fake burners on the top. It looked like a soap. And it was actually a front loader. To where there was a slot in the front of the easy bake oven, and that's where you put the thing in and that's what you actually pulled it out from too. And it went right into the heating element. And they replaced the lightbulb because again, so long hundred watt lightbulb because of the energy act. With an actual heating element, a ceramic heating element, like an oven. Yeah, it was an oven. So they made an oven, but then when they made the oven, they redesigned this thing so that you could put your fingers right into the oven while it was baking and its hottest temperature. And of course kids immediately started doing that. How did they, how did that one slip past? No idea. I mean, that just doesn't make any sense at all. So in the end, I think what close to 250 kids ended up with second and third degree burns. Yeah. One partial amputation of a finger. Yeah. Because kids would get their fingers stuck in it. Right? And it's just. And then some kids got their fingers stuck in it while it was hot. Yeah. And yes, they were getting huge burns. So Hasbro is like, well, we'll do a recall and they recalled like 980 5000. I think ultimately a million of these things they recalled. First they tried to say, here's a little fix. Yeah, here's a retrofitted piece. It's really easy to snap it on and it'll solve them if you think. And apparently it did solve everything. They're like, why didn't you make it that way to begin with? Right. But most parents were not like they didn't have their ears out that there was a recall of their easy bake oven. And so the kids kept getting burned and finally Hasbro was like just bring them back. So there's a recall of a million easy bake ovens from that 2006 redesign. There's a huge toy for them. If that would have ruined the easy bake oven, that would have been a big big deal. So what they did was they temporarily went back to an old design, featuring a lightbulb, too, while they redesigned it to the new version. So then they came out in 2011 with that really ugly designed what's called the easy bake ultimate oven. Oh, I'm looking at it now. Yeah, it does. It looks terrible. It's horrible. It's super, it looks like it's on the go or something like that. I don't like it. It looks like a weird toaster oven. Yeah, but it's sort of, it looks like it's trying to look futuristic and modern, which never ends up looking like that. No, it doesn't. But they also made it pink and purple. Yep. Super girly. That ads were all targeted yet. There's flowers on it. And again, they were like, nope, this is for girls. Boys don't play with this. So in 2000, I think 2013, there was a girl named
"general mills" Discussed on Bloomberg Radio New York
"Where your selection makes a big difference. So I do think that what you see is that we've already seen this over the course of the last year. The market cap skew the index is already in the process of changing. You've had magnificent outperformance for energy stocks, for instance, even though the S&P 500 largest down. So you've got winners and losers as opposed to all winners and the big getting bigger. Let's go to Cheerios. Your long Cheerios in your portfolio Gina Martin Adams will General Mills, mediocre dividend growth, union, yeah, granted it's done better recently as well. Are you buying value like Cheerios? Are you buying growth eNOS within the MVP portfolio? It's all value, so when we think about the factors that first, why are you against growth? What is wrong with gross? What's wrong with gross? Gross in the form of profitability, I think, is important to consider. Growth is a really broad term challenge. So we have to be really careful as to what we're talking about when we talk about growth. I think profitability is a very strong factor, perfect performance has worked very well over the course of this last year even. And to the extent you focused on profitability at a reasonable price with value, low volatility and momentum, you could do very, very well. But growth for the sake of growth focusing exclusively on the top line revenue growth, it just doesn't work in an environment like today. And the portfolio is structured accordingly. So I think you have to be very careful about thinking about growth for what, what kind of growth are we looking at? What's the cost of that growth? Does it result in profitability? Because that really is the key. Growth for the sake of growth just doesn't work in an environment like the one we're in right now. Gina Martin Adams, thank you so much. You're back tested the triple leverage dog cash fund and that boom years fell off her chair. She was laughing. So hard. The Bloomberg intelligence MVP portfolio. We're going to be watching this through 2023. What we're watching today, Lisa, Emmett is a modest moment at the brookings institution here before the 2 o'clock World Cup meeting. Do you think he's going to speak for 8 minutes? Remember, Jackson hall were there phrasing and were like this. Oh good, we can go inside and they go, he stopped speaking. And then he stopped. And when he was repeating the same thing over and over again, we're going to raise rates. It's going to be painful and we're going to keep him there. And he's going to repeat that today. How much does the market get his message? If he says, we're seeing strength that you're not seeing. If he lays out what the response mechanism will be and what it will take for them to cut perhaps that will have an impact. Thank you to our guest today. It's really interesting here. The final day of November, we launch into December. That means the economic data as we go to jobs day on Friday, please stay with us as we parse that through much more to talk about through the morning to the Powell conversation of the 1 o'clock hour this afternoon. On radio, on television, this is Bloomberg surveillance
"general mills" Discussed on Bloomberg Radio New York
"Money minute. Wall Street heated up as consumer prices cooled. The government says prices rose a weeker than expected 7.7% from a year ago. That sent buyers piling in to stocks, now industrial sort, 1201, the S&P 500 jumped two O 8 the NASDAQ climbed 7 61. Anyway, you slice it, Thanksgiving dinner will cost more this year. The government says price gains for flour and cookies saw a record year over year gain last month, turkey and other non chicken poultry rose 17%. Chipotle Mexican grill, the latest company to pull back from Twitter as it waits for the dust to settle following Elon Musk's takeover. Others include Volkswagen, Pfizer, and General Mills. As it looks to cut its reliance on human order pickers, Amazon has developed a robot that could identify and handle individual items. It's called sparrow, Amazon says it can handle millions of different products. Larry kofsky, Bloomberg radio. What is dedication? The thing that drives me every day is a day is very we call them day to day for short. Every day he's hungry for something, whether it's attention, affection, knowledge, and there's this huge responsibility and making sure that when he's no longer under my wing, that he's a good person. I think the advice I would give is you don't need to know all the answers. The craziest thing was believing that your dad knew everything. So as a dad, you felt like you had to know everything. You had to get everything right. It's okay to make mistakes as long as it's coming from love. Then, you know, it kind of starts to work itself out. I want him to be able to
"general mills" Discussed on Bloomberg Radio New York
"This is a Bloomberg money minute, new Twitter owner Elon Musk is trying to reassure advertisers that under his leadership, Twitter will be a safe place for brands to market themselves during a live broadcast on the site he acknowledged Twitter needs to remove or hide hate speech and other unsavory posts saying the company would work hard to make sure there is not something bad right next to advertisements. A number of major brands, including General Mills, General Motors, Audi and Pfizer have paused their ad spending since Musk bought Twitter, Amazon just became the world's first public company to lose a $1 trillion in market value, with yesterday's decline of just over 4%. That pushed Amazon's value to about 879 billion from a record close of nearly 1.9 trillion in July of last year. The top 5 U.S. tech companies by revenue have seen almost 4 trillion in market value, evaporate this year. Inflation is in the spotlight this morning is investors await the October numbers for consumer prices. Bloomberg radio. There's so much news happening around the world that were somehow supposed to stay on top of. That's why we launched the big take. It's a daily podcast from Bloomberg and iHeartRadio that turns down the volume a bit to give you some space to think. I'm west caso. Each weekday I dig into one important story and talk about why it matters. Listen to the big take on the iHeartRadio app, Apple podcasts, or wherever you listen. Carol messer. This stock has been on a tear. Jim's Geneva. So take us into the economic impact. And the reporters and editors you trust. Let's dig into it with Bloomberg business week editor Joe Weber. Bloomberg businessweek, weekdays at 2 p.m. eastern on Bloomberg radio. CPI data in
"general mills" Discussed on Bloomberg Radio New York
"Tucker, good stuff we appreciate that. Let's talk big tech. Do you think that since the great financial crisis, that's been the leader for this stock market, but we had some really rough earnings this past reporting period, and so people are starting to question that a little bit. Let's bring some experts on board and get their ideas. Mandeep Singh. And on Iran, Rana, they are two technology analysts with Bloomberg intelligence mandeep in our Bloomberg interactive broker studio on rock joins us on the phones. All right, let's start with you, because I want to start with, we'll get the mandates crazy companies later, the ones that don't ever even have profits, but you got Microsoft. I mean, that's the bluest of blue chips, even they were seeing some challenges in their business model, whether it's earnings, headwinds, or maybe concerns from some of their corporate customers. How's that big software space during when my Microsoft my leader is a little bit concerning? Paul, when you think about it, over the past 5 to 6 years, they've had a great run in terms of top line growth, north of 12, 13% in constant currency. So pretty much they're revenue has doubled just in the last 5, 6 years. Now, what's going to happen is over the next year, year and a half, when we see the global economy slowing down a little bit, you know, those companies or those clients for that matter that have been spending so robustly on software, they're going to pull back a little bit. And this is more so just a mere function of economic thing rather than anything to do with digital or all the emerging technologies that we see. Now, having said that, we have confidence that the year after that, we're going to see a bounce back in that spending. Okay, I want to talk about the crazy companies that Paul mentioned. I want to do that with mandeep. I want to talk about Twitter. I think, I don't know. We should track the size and scope on this. How much time we talk spending about private companies, Twitter has to be number one, but obviously the news from last week, there's been a lot of news, but one of the big headlines from last week that you had the likes of General Mills, you had Audi Pfizer joining the list of companies that aren't going to advertise on Twitter anymore. And the state of ad spending is a little hairy right now, but what could that mean for other social media companies? Where are those dollars going to go? Yes, I actually think, you know, other competitors like SnapChat or meta, for example, may benefit from some of that ad dollars that could move from Twitter to companies with more of a direct response. Spend exposure. And the reason I say that is because Twitter is 85% branded advertising. They don't use a lot of personalization when it comes to apps. Whereas companies with direct response ads, they personalize that. Even though apple's privacy changes were a headwind, they're still better ROI in terms of the ad spend. So clearly, I think it could make a difference for a company like SnapChat for meta, it's just too large for maybe 200, $300 million moving to meta it's not going to make a big difference in their fortunes. Let's step back a little bit here. We are either, you know, if you listen to most economists, either in or approaching sometime in 23, 8 recession, talk to us about how tech spending tends to kind of perform in a recessionary environment. What are you hearing from the big companies you talk to? Yeah, thanks. So the way we want to think about is the first thing that goes is hardware spending. If you unless you have to upgrade the big hardware equipment that you have, you're going to push that out for a year. The second place you also go is your legacy on premise software packages. You're not going to upgrade your databases or other software packages. But what happens is there are certain areas that you just can not turn up. So security spending being one of them. You have certain areas within cloud that increases productivity that you're going to still spend a little bit. And the third area that gets spending, which cuts in spending is IT services, but it's done with, I would say, a little bit of a lag because the contract that you've signed up for are still driving revenue and that's the new bookings start to slow down and that has usually a 6 to 9 month lag. Now having said that from our side, if we do see a reversal in the interest rate cuts or slowdown, I think the fundaments may still be weak, but I think the bounce back is going to come there on all the tech valuations that have been beaten up so far. All right, Mandy, talk to us about the other one of the big growth drivers in the tech area has been this secular shift of advertising dollars onto these digital platforms, Google, YouTube, meta, all those types of things. How are you thinking about that, that revenue stream in a recession? Well, so clearly you're going to see broad based slowdown in ad spending, whether it's on the traditional channels or the digital channels, it's not going to change the secular trend, although I would argue that connected TVs becoming a much bigger deal than we thought it was before. Simply because a lot of the focus was on mobile, mobile ads was really the holy and the reason why meta did so well. Connected TV to me is just a different medium when it comes to how you move your
"general mills" Discussed on Career Relaunch
"Care. So I hope you enjoyed hearing melodies perspectives on how leaving a job can feel like ending a relationship. What it's like to let go of the business you created and how taking an honest look at yourself is so important. Now it's time to wrap up with today's mental fuel, where I'm going to share examples of when I thought my job dissatisfaction was being caused by my job, but actually related more to me. Before we get to today's mental fuel, I just wanted to thank a two hosting for supporting this episode of career relaunch. A two is the web host provider I use and trust for my own websites. They even offer 100% carbon neutral green hosting. For an easy fast and affordable way to get your personal website online today, visit career relaunch dot net slash a two to get 50% off your web hosting plan. This is the part of the show called mental fuel, where I finished the show with a brief personal story related to one of the topics we covered today and wrap up with a simple challenge to help you move forward with your own career goals. So for today's mental fuel, I wanted to pick up on something melody mentioned about her carrying the issues that plagued her during her past roles into her present role. And I thought this was a really honest admission she made that her struggles weren't entirely due to the job itself, but could actually have more to do with her. So I thought I'd follow suit and share examples from my own career of when the issues I was struggling with had more to do with me than my environment. But first, as someone who majored in psychology myself way back in my undergraduate university days, I couldn't help but think about how all this relates to something I used to study in my college textbooks called attribution theory. So if you'll indulge me for a minute or two here, let's just do a quick crash course on what this is. If you're not familiar with the term, attribution theory is a topic many psychologists have covered, but one of the very first psychologists to coin this term was Fritz Haider in the 20th century. And he proposed that when making sense of things, people tend to either use dispositional attribution where the cause of something is related to a person or situational attribution where the cause is related to the situation or environmental factors. getting into too much detail here, the gist of what psychologists have found is that when observing others behaviors, especially negative ones, we tend to think of it as dispositional, but when we think about our own negative behaviors, we tend to explain them away and justify them as being a result of environmental factors. Now, I'll admit like most people, I tend to do this myself and since this is a show focused on careers. I'll just mention three issues I faced in past jobs where I initially thought the issue had to do with my team or organization, but actually the issue was me. And my perceptions and my own hangups. So three issues I struggled with in my career were feeling like my projects weren't progressing fast enough. Internal politics being a little draining. And organizational processes being a bit too arduous for my tastes. I'll just give you a few specific examples here. So going back to my days working as a marketer at Clorox. I remember getting really frustrated by feeling like I'd been assigned to a project, typically handled by more junior employees for way too long. A few years later, at General Mills, I remember getting frustrated by the nature of my work, feeling like it was focused on trying to please my managers manager rather than the marketing itself. And at pretty much every company I've worked for, I remember getting really frustrated whenever I had to jump through hoops to adhere to organizational processes that I felt were kind of drawn out. There was actually a specific moment in my career when all three of these came to head when I was having a kind of confrontational conversation with my manager at Clorox. About why I hadn't yet had an opportunity to diversify my projects or brands I was working on, in spite of the fact my job performance had been fairly solid. And this was important to me because diversifying your experiences was actually a precursor to getting promoted in the brand management world. And I remember almost being mad about it. And I sent a kind of aggressive email to my manager about it. And to this day, I regret doing this and Linda, if you're listening to this, I actually still kind of feel bad about this to this day. Because I only later learned that one reason I was being held in place was because behind the scenes, the rest of my team was about to be laid off and the only thing that was preventing that from happening to me was the fact that Linda my manager was making the case I needed to remain on to manage some key projects assigned to me. Now at first I just blame the organization or the team or the dynamics of the company culture for my frustrations. But over time, I started to realize the issue was actually more to do with me than the situation I was in. I realized that I myself was a bit impatient as an employee, which was kind of hard for me to admit to myself because I actually pride myself in my personal life at least as being someone who has a lot of patience. But in a work context, I found I had less of it. I realized that I also just don't deal well with politics in general. It's sometimes just felt like a game I didn't want to play. And also I think I actually just struggled to fall in line sometimes to navigate long organizational processes when I deep down don't feel like those processes work well for me. Putting aside the fact that they may actually serve the organization quite well. Now once I've realized these things, which took me a long time actually, I decided that the only real solution here was for me to either drop these hang ups that I was holding on to myself. Or branch off on my own. For me, I ultimately decided to do the latter. The reality is that job frustrations or career dissatisfaction are a result of both your own preferences issues and baggage that you might be carrying around and the organizational environment or job situation you find yourself in. The question to ask yourself is whether you find that the issues that may be leading to discomfort or dissatisfaction in your life or career are just following you around from job to job or company to company. Blaming it solely on your situation is probably easier to do and in fact, more natural to do, but if you can bring yourself to take a long, hard look at how much of the issue may have more to do with you. It might enable you to make some professional choices that allow you to feel more at peace. Less conflicted and certainly less stressed. This takes me to a quote from Deepak Chopra. When you blame and criticize others, you are avoiding some truth about yourself. So my challenge to you is to try and take an honest look at one of the persistent issues you've been struggling with in your career, that seems to have followed you around for quite some time. How much of it is genuinely a result of the specific organization you work for? Or the specific environment you're in at this moment. And
"general mills" Discussed on Bloomberg Radio New York
"The market you know miss it going in another direction There's a lot of volatility If I'm looking for groups that are outperforming I've been looking at the home building stocks They're now up about 2.2% up more than 4% earlier in the session but that is certainly some outperformance here Tim Yeah also outperforming today airlines We're seeing a bid for airlines The S&P 500 super composite airline index having its best day and months but we got to look at this with a giant grain of salt It closed down nearly 12% yesterday Putting it to levels from October of 2020 higher now by about 6.5% Context is everything Let's give the context to the majors because as we look in the S&P 500 currently up 5 tenths of a percent we were up 1.8% at about 1 o'clock today and we were down more than a percentage point at about 1130 a.m. today The whip sawing is phenomenal 4221 is where we trade on the S&P Dow Jones counting up 6 extensive percent we're currently up 200 points The NASDAQ actually relative outperformer of a 113.79 tenths to the good and Russell 2000 At 1.8% so actually getting a march on we were up 34 points there Taylor Certainly a better story than it was yesterday incredible that the energy sector within the S&P 500 you advance 1.7% today For now a 40% gain year to date That is just unbelievable when we think about the energy sector that is really bent on a tear Otherwise it actually looks pretty risky from a sector level It's discretionary It's communications It's even the financials as you're really starting to see a lift higher in yields as well here today romaine Yeah and we should point out of course that a lot of these Russians not just confined of course to the energy space when it comes to commodities Of course you're seeing 28% gain on soybeans this year alone wheat prices up 65% corn up 27% Big part of the reason why you're seeing Conagra is lower here on the day down about 7% General Mills and a lot of the other consumer staple stocks also moving lower here There were a few downgrades from a couple of different analysts today saying that this rise in commodity prices particularly in food commodity prices and it's going to have a material impact on some of these companies So watch this space as they say a lot of the volatility in this market also affecting some of the brokers out there CME down about 4% here on the day Tech stocks they've been kind of all over the map We were looking at Microsoft That was a big part of the reason why we saw the market hire the broader market hire was up as much as 2% Now basically unchanged on the day it was actually lower by about 3% of one point on the day So again pretty wide swings And keep an eye on McDonald's so share is higher by about 7 8 tenths of a percent They're making a decision to temporary close 800 800 plus restaurants in Russia Let's go back to the CME because romaine shout out to the market makers shout out to those that are trying to well get trading done in physical assets The swings we saw in nickel today when we all came into the office this morning the seismic moves that took a lot of our reporters have been covering these markets for decades now completely jaw dropping Look at this move that we saw in nickel at one point over the col sati two days it had been up 250% Of course that being all unwound after having hit that record high of about a $100,000 a ton because on the London metals exchange suspending training saying that we can not make good on these sorts of trades when there's such risk the brokers on the hurt here we see the shorts have been really hit here remain Yeah and it's interesting too I mean are the Bloomberg story quoted a trader Malcolm Freeman who's been around for decades which basically said this is the second biggest event in the elements history Second only to the ten crisis in 1985 I only vaguely remember that of course I was I wasn't even born Anyway and I'd go back up just to remind myself but I mean this is a phenomenal not only a move.
"general mills" Discussed on Bloomberg Radio New York
"Matt Miller on Bloomberg radio Good Tuesday morning from the Bloomberg interactive brokers studio in New York City and points beyond to our worldwide audience Matt Miller is off today's finale boss Our Bloomberg Wall Street reporter joins us in max stead so we appreciate that Coming up we're gonna check in with Ira Jersey chief U.S. and straight strategist for Bloomberg intelligence Get his thoughts on how he sees interest rates moving going afford But first let's go to John Tucker Bloomberg news and get a Bloomberg business flash jump All right Paul the apple tight for risk assets has improved today after the biggest three days stock drops of September micron the biggest maker of U.S. memory chips giving an upbeat forecast due to demand from networking data center and automotive customers Beyond tech athletic gear maker Nike surging after beat estimates also said that COVID lockdowns in Vietnam were manufactured more than 40% of its products seem to be abating And then there's a warning from General Mills that food manufacturers giant suffering at gross margin miss hurt by higher input costs Christina hooper over an investo is advising investors to keep their powder dry And so the volatility we're seeing now is likely to continue over the next few weeks On dips those can represent buying opportunities Well target in early winter in the U.S. holiday shopping season the big box chain increasing sales approximately 10% for the month of November that's according to Bloomberg's second measure which looks at U.S. consumer transactions to measure revenue Of course December could be a different story with the arrival of the omicron variant Right now the S&P 500 is 28 points higher that's up 6 tenths of a percent after yesterday's sell off we're at 45 96 The Dow Jones Industrial Average of 300 to 8 points a rise of 9 tenths of a percent and 35,235 and that as a composite index 90 points higher than sub 6 tenths of a percent were at 15,071 A quick look at kuba oil this morning in the commodities space We have nymex crude right now That is up a dollar 83 at 70 40 44 a barrel breakthrough of the international benchmark of a dollar 62 at 73 14 which at the markets for you every 15 minutes during the trade today Right here on Bloomberg radio I'm John Tucker and that's your Bloomberg business flash and Elliot Paul All right John Tucker thank you.
"general mills" Discussed on Bloomberg Radio New York
"This is a Bloomberg money minute packaged food maker saw a surge in demand during pandemic shutdowns Bloomberg industry analysts Diana rocero Pena says the work from home trend will likely boost demand above pre-pandemic levels the companies will need to keep changing up their product lines to gain market share and hold on to their customers Packaged food companies are prioritizing high velocity brands in order to be able to meet that demand She says General Mills con Agra Campbell and Oreo cookie maker Mondelez are among those investing in innovation and improving sales Mondelez is a more of an impulse by category So innovation on that front is always happening Investments in online innovation will be key including ecommerce friendly packaging Rather than the little bag that you get from the stores because they need to be able to transfer that without breaking the cookies On the negative side rocero Pena says all packaged food makers are grappling with inflation Gina server Bloomberg radio And JIT makes the workforce of the future and Greg solder a member of MJ IT's board of overseers and president of engineering firm wgi says MJ IT graduates have the in demand skills that drive today's tech powered workplace Our world is moving to a place of connecting the physical with the digital in the field of engineering and infrastructure There's not a thing that we do that's not being changed by technology We've gone from two dimensional renderings to immersive augmented and virtual reality solution sets used to be solved one at a time Now we can run nearly an endless alternatives analysis and.
Where Was FBI Director Christopher Wray Today?
"You remember folks when general milley remember him He was never going to comply with orders from the president of the United States Should he trigger the insurrection act against those looting and burning our cities and beating our cops and killing people Of course we now know general milling never had that authority has no combat control None the less He made it clear through his various leaks he would never do that he would view that as unconstitutional Remember all that So where is the director of the FBI today Christopher wray Why isn't he speaking out and saying I'm not going to participate in this It's not only unconstitutional It's worse We're not going to trash parents and taxpayers and treat them all as if their domestic terrorists Where is Christopher ray today He's nowhere
Pompeo on Milley Allegations: We Need to Get to the Bottom of This as Quickly as Possible
"We're talking merely with talking treason sedition and somebody has an opinion and he's the former director of the cia and secretary of state. Mike pompeo cut six. We should make sure that we as quickly as we can't figure out it generally spoke to woodward himself we should find out if a general mills prepared to testify. We can do it tomorrow or the next day to get clarity. About what general milley set. I don't know the dod policy sean. Exactly whether there would be a transcript of this phone call. But i promise you. There were no takers in the room. I'm very competent that that conversation can be reconstructed if if you had a senior military leader who was simply an adviser. Tell the chinese communist party that they would get noticed. Seven attack this rivals. Anything we've seen in our nation's history Only the president of the united states has the capacity to make those decisions. And i'd be shocked if the then acting secretary defense give him any authority to even contemplate that very conversation. It would only be those two people. The could've told general milley to have that conversation if in fact it took
"general mills" Discussed on The Rich Roll Podcast
"The biggest fact The biggest change in the farming community is caused by farmers that farmers talking to farmers. That's what i was thinking like pivoting from that blame and shame you know modus operandi into empowerment and engagement. It's those farmers who have made that transition who are the ones who are going to be able to communicate to the other farmers. They're they're not gonna wanna hear from you. Love me. i mean you know. God forbid so. Yeah like creating community around that. That's supportive empowering to helping people make that transition but also on top of that systems that are conducive to that being an economic viability. But there are there. Are things happening. Where demand for genitally produced seeds grains and obviously made as well but are increasing faster than production sure and so farmers are seeing a premium. They their inputs are going down their cost going down but actually the income is going up. And you see tax differences in profit per acre per region farmers and as gabe brown famously said he said i got tired of busily signing the front of the check now i signed the back of the gym knows it shifted from an expense to income. You know and and you don't go back from that. And so now there's companies and processes and techniques and satellites and there is a lot of support now being created for regina egg In its true form and it's being also done in some dubious forms as well. Yeah and yet you know. I just i was out of town. The other day was in an airplane yesterday. And you look down and you don't see a lot of regenerate far you see giant swabs of you know square round parcel civilization. Yeah yeah so. Where are we in terms of that becoming. Like reaching some kind of inflection. Point with this. I don't know. I don't know i know that. Like a big companies are pivoting on this They have the same questions was his. How do we make the transition. They don't how did their farmers make the transition in house versus rice. General mills is trying to do with oats And so many like the clothing companies now are basically looking for genitive fiber primarily cotton but other pirates as well so you're seeing supply demand dance the consumer demand. I mean i feel like jen. Jen's e the younger generation they. They're they they're up to speed on this stuff and they're much more conscious about their consumer choices than our gen rush. I mean when i started airline mom out all the time about you hippies. The world organically but we industrial egg. How we take care of the children. We have a world of you guys. Are you know like you know. Sort of self-indulgent almost narcissistic you know. And you're wanting things without chemicals pesticides. And now i don't know how big the industry is so big that you can't get enough organic food in the united states but the the same thing is region is not going to go through that. Because you're seeing every major agricultural company in the world syngenta in cotija and monsanto buyer and Adm and cargill moving to generate. Now i mean keep your tongue firmly in cheek on that one because i feel like some co-ops and going on there in terms of the term in the word But as franklin roosevelt. One said that way you start telling you. The truth is by being a hypocrite. I and so who knows. You know that's going to go. But you do see nicaragua. Genitive farming from the gecko and not about chemicals. Kind of like the opposite of monsanto Doing really really well working with not only with regenerative farmers but in terms of metrics in terms of measuring carbon and de commodification that is Connecting farmers directly to The buyers in getting the farmers out of the commodities business where no matter how well you do You're still the price is the same for everybody. And and so that has to happen. So that genita- farmers can get a premium and that the food companies that buy that have a story in a narrative and means something to jazzy and everybody else who cares. Yeah the story narrative piece. I think is big. I think companies. These days needs something they the that has to be a genuine authentic Aspect of of doing business. Oh yeah i mean. I think they recognize that. I mean. we'll see what happens. But i think we're in a period of tumultuous change sarb is threatening for sure you know and and daunting at us i get the sense in the business community that the old ways are over. I really do not praising anybody. I'm not trying to go. Finally business gets it and i'm not saying that either at anybody doesn't get it. I would say it's investors. They still want to put their money where they didn't get the highest return and there doesn't work that way right. Yeah i mean banking's a is a whole section in the book what what is Where do you see the role of hydroponics. All of this. I mean obviously this is. That's growing plants in a manner. That's divorced from the soil conversation altogether. I suspect there's a. There's a great place for that in urban centers or places where there isn't soil. But how does that fit into the idea of regeneration interesting because plants supper that is to say that they suffer because it gets too hot and too much sun insects They suffer for lack of nutrient pr- example. So they put the roots down deeper. The complexity of the taste and fido new trends there and plans are actually due to stress so plants. That are stressed are nutritious right. When you do hydroponics you're actually going back to industrial egg. Which is you're doing ears an iv drip into the roots. It's fine if you just basil for salad of watercress or something you know for for greenery and cities the idea that that's going to produce nutritious food. I think is faulty because we have a nutritious food now everywhere and we have. Food comes from industrial egg. Both whether it's row crops or you know in vegetables or whether it's ingrained seeds and we have measured we can measure the difference and the fighter nutrients and minerals or the lack of minimum. That are in these foods so we haven't bailed him better way to make a really super nutritious food without cell yet right. I don't think we ever. What about the carbon sequestration piece of it of meaning that if you're an urban centers and you don't have soil you have all these hydroponic gardens..
Another Jump in Prices Tightens the Squeeze on US Consumers
"Many goods and services continue getting more expensive as the economy quickly reopens from cereal to paint to air travel consumer saw another jump in prices last month zero point six percent increase from April over the last year inflation has spiked five percent the biggest twelve month rise since two thousand eight it comes amid growing demand is more Americans get out to shop travel and eat adding to price hikes a shortage of components like lumber steel and semiconductors companies from General Mills to chipotle do sure when Williams have either been raising prices war plan to do so in some cases to make up for higher wages they're now paying to keep or attract workers Sager made ani Washington
"general mills" Discussed on The Wise Fool
"I could go on and on. Yeah i guess. I'd have to cut you off them. Yeah are there any other sort of one source. I really really want to mention. I think i am good. There's i mean. I could go on but i think those are the highlights took. Were something that i was thinking about when you were talking about. This is like it okay. So is every piece that's like elsie like owned by the collection on display. Or do you have anything in storage. Yeah also great question. Most of the pieces are on display. Have storage room. it's quite small. I would say it's mainly storing pieces that third lake. I'm not gonna show them again. They're of like on their way out or they need a new frame or they're just kinda like in transit so lake maybe were redoing a space so took the art. And i'm just storing it until that space is ready to have it go back up so not a significant storage. Alright you work for. You are the curators of contemporary art corporate collection. The question would from you would be. Do you have like maybe three artists that your looking to that. You're hoping to collect. Oh this is tough. I actually not legally allowed to say anything. I probably. i mean. i probably shouldn't but i would. I can share. Is i would love to share contemporary artists. That we recently collected lovely. That's great okay. So there is an artist. Who is she lives in here in minnesota and she's part of the lakota nation and her name is donny white hawk. And i'm sorry i'm laughing. My father did a mission at lakota sioux. So like i actually have releasing really everything that you're like. Oh yeah like. I have a connection there and a connection there. It's great. i forgot to mention wait now. I forgot to mention when i was in high school. You know they give those aptitude tests for like career goal. I took it and and they said i should be either a curator which i was like. Oh that's interesting or mortician. Somehow they seem to think that the somebody with the skills and aptitude for curing also would be a good mortician. I've found that really weird. I don't know how to take die at the time. Just you on that one. While i went with the idea of like working solo and making the for. I don't know i mean i get it. I kind of get it. My brother ended up. Being a mortician. And i ended up going into the arts so like a little bit of both. Oh okay well. So lakota sioux. Go ahead so danny white hog and she did this just amazing series with highpoint center for print making a series for dress. I mean there. Prince have lots of different layers on the surface of the paper but the imagery. It's these four different traditional dresses and the dresses. The series represents the ways in which native women take care of their community so like each dress has a different name. It's like create and nurture. And i can't remember the other two but they're just fantastic and i think that's a huge asset to our collection as just can add so much another artist that i purchased a series also series of for. I don't know it just happened. The to i'm talking about our series of four and actually also made her name is aaron o'keefe and she's a photographer and actually i say i've bought for the pieces for generals but i don't know they were necessarily full series. I think there were more in this series but their photographs but she constructs these little. I don't even know how to properly describe it. She uses lake plywood and pieces of paper and paints them in such a way that it looks flat.
"general mills" Discussed on The Wise Fool
"Four years the conservative that i quit. We've been putting a lot of effort toward that and just getting them kind of like stabilized and kind of in a good spot. so yeah. that's that's part of it and it's you know it's a significant when anyone who's gonna think about putting outdoor sculpture on your property. It's a significant commitment. You know it really is do. I actually ran a public sculpture program you have. I have not done everything. I've just done a lot of things again. But unfortunately i didn't do any of these things really well or i would still be doing them. So there's that. But yeah. But i mean the the issue putting public sculpture is is a whole nother thing but of course you're on private property of unless you can put whatever you want. Which is great. I did on public land. So course. I caught all kinds of grief from the public about like. Why are you putting this thing in our neighborhood. And i'm like because. I'm trying to make you think to do so. Yeah anyway a okay. You've been very elusive. As far as like. What's in the collection. Are you willing slash able to say like maybe like some of your favorite pieces or maybe some of the more prominent pieces you all have share. Yes i can show that you did mention norman rockwell news. There i said well it's interesting because they don't really fit with like when i described however they are significant to just like the heritage of the company because back in there from the late thirties. So in the late thirties green giant commission norman rockwell to do these illustrations for just for advertising purposes to sell a product and so the paintings were done. I guess as the story goes green. Giant wanted to advertise. Ps norman rockwell. Didn't wanna do paintings of pupil. Ap's and i guess it makes sense. 'cause like compositional. You can't do a lot with that except they're in a bowl needham so he's at i. I can do corn. So it's these little vignettes of people eating corn on the cob and they're very sweet and very wholesome just what you would imagine. And so those are those are great and those are obviously just kind of unique in terms of like the rest of our collection and then as far the other pieces in the collection. It's because we do have a mixture of pieces. We always have supported minnesota artists. So we we do that. And then as i mentioned we're also trying to like reach out globally. So it's it's a big net one of the pieces. we have. Which is wonderful is charles.
"general mills" Discussed on The Wise Fool
"Guide what that overarching mission as for the collection was so is the overarching mission. Ripley changes so what is it today. Yeah so it's seldom i would say. The main thing is trying to have a current like a contemporary collection. And like i said it's it is very broad. But i think broad is okay in this setting because really we want the art to not everyone's going to connect with every piece but we have enough variety and it's pretty eclectic that i guess the wishes everyone can connect with some of it right and unlike some of it so right now we're really trying to diversify the collection in terms of making sure. There's a bunch of different media and different types of Subject matter so it's not all abstract asano landscape in in although back to that i want. I realized that. I didn't quite finish when you were talking about what you thought that collection and then also trying to diversify like who are the makers of art in the collection and we are global companies. So we're trying to make sure we have artists from other countries besides united states so then within that then there's also this whole like really practical side of what that mission should be in. It's it's almost like would it can't be so we want our that lives in this environment easily so we just can't take on art that requires extremely complicated maintenance programs around it right now. We don't have any video or sound pieces because they're just kind of too hard to have here. They can't be too small. I mean this is very very practical stuff. They can't be too small they can't be too large. They just have to work here. you know. Great what is the optimum size for your corporate. Collect so i mean i would say probably between like two feet by three feet up to like for by six feet i would say most generally.
"general mills" Discussed on The Wise Fool
"Centers rebuild one could we engage with local art students at the college level and by their art and put their art in those offices and so that was the idea and so i took that idea and kind of made that happen and that was so fun for it was just like a win win win. You know because the people who worked in those offices were surrounded by that they knew were made by students in their community. So this is the undergrad or graduate level. Art students. I mean i loved it because i got to see i kind of got to dip back into like art school world in my brain and just kind of have my finger on that to see what are what are people making these days. What's coming out of these art schools around the country so that was really the filling to me and then i mean obviously for the artists for them to have that sale of their artwork. Which i know is so important especially when you're just starting out and that you know they can. They can now put on their seavy that they have work in target corporation art collections. So overall that was just a really fun program so that was one way and then i guess the final way which is kind of like how i do it now. General mills is. I typically work with galleries to find art and by art. Sometimes i work directly with an artist but it just kind of has worked. I've got relationships that. I formed with different galleries of a find that. It's easier to be honest to go on a galleries website and you can see the work. And they like certain galleries have like a certain aesthetic. So i've kind of figured out which galleries work with our aesthetic here at generals. And so you know i can go on their website and look through what twenty thirty different artists work. So that's kind of how. How i found a way to go about that. And sorry one more thing. That i just remembered i do attend art fairs to occasionally not a ton and obviously pre cova but like our basel in miami beach just because there's so many different sides satellite fares end. Art chicago or guesses now called expo chicago. Those are kind of two. That i have gone to and i just wanna make clear. My budget for art is not huge. It is very modest. And which i think is right. Generals isn't buying art to like make these huge investments in go crazy edge. Just let's make some interesting staff. It's good for our wealth literally sort of answered my next two questions already. But i'll dig into a little bit more so let's go back to the first one. Which is the investments which you just brought up like a lot of corporations. Their goal is to basically take money that they have in the corporation and invested in art for the intention of growing they that resource or that I dunno financial. I don't know i'm an artist. I don't know that stuff money grow money. You know grown on trees kind of thing so the so so basically sounds like general. Mills is not that kind of corporate collection..
"general mills" Discussed on The Wise Fool
"But like more or less their self funded and then they also are self Exhibiting you know like you said you would. They're pretty much that you're the journal mills collection only shows basically on the general mills property Yeah and target was similar to that whereas religious insular collection. Trying to think of what more i can add about that. Sorry can you love me another question about that. Oh it's no problem. Yeah i wanna let me make something really clear from the beginning here. I love corporate collections. I think they're making deficit so nothing. I'm addressing here is in any way trying to say anything bad about corporate collections. Mike the interest of course as a practicing artist and as a professor. I'm my first question was should have been. How do artists get into corporate collections. Okay yes sure i mean. I think it's probably the same ways that they would get into any collection. I guess i can tell you about how i go about buying art for collection and then we can kind of bridge that way so i guess when i was at target there is a bunch of different ways actually so one way was that some of the kind of higher leaders at the company like really into art. Just personally they would meet. Artists may be as part of their travels for the company. And like. Oh you gotta check out this artists. I just saw on this trip like this piece would be great in this space here. Can you reach out in tennessee. What's going on with that. So that was kind of one way or if those people had maybe there was some kind of i know there are a couple of instances where the company had actually had a deal with an artist on maybe like some kind of marketing imagery or some kind of product for the store and so that was sort of the way in then there. Is this whole other program. That i worked on. That was so so unique and so fun for me and probably for the artists so you target obviously has these distribution centres all over the country. They're like just these giant warehouses where they keep all the product and then the trucks pick up the product and send those to each store so those distribution centers also have little bit of office space. And they're really all over the country and one of our leaders at the time. Said you won't be great. Could we like when we redo one of these.
Jasmin Foster: First Black-Owned Stationery Brand Sold at Target
"In the guest chair. i have. jasmine foster. Jasmine is the founder of beat rooted inclusively designed stationary brand created to celebrate and uplift women of color. What i really love about jazzman. Her experience is that she started her career in retail on the buying side. And now here. She is someone who has landed as a product and business owner on the shelves of target very company. She started out working for today. She's gonna share how the majority of korean retail was pushing the boundaries of representation any collusion. And how that led her to changing the face of the stationary industry with her company. Be routed i really love with jasmine had to share on from starting to even employing her parents now. So let's get right into it. Share a little bit. About what led you to the retail path and what were the different jobs and experiences you had in retail. Yeah of course up. I went to university. I was a marketing major to start off with. And i had this idea that i was working advertising and live in new york and work on cool ad campaigns for nike and get paid like twenty five thousand dollars in half four roommates in the target came to campus has like have you ever thought of a career in retail and in my head retail. Jobs may only store jobs like i never considered. Who are the people that made the decisions about what was put on shelf and so after interning at target in realizing that like you can hover pretty cool career doing retail as well being a buyer making the decisions of what americans get to like by day but also make a little bit more money and not have to have a roommate. I'm soul so. I started my career. I target i worked for amazon bridge for general mills and i've worked back at targeted Tuesday anti target. Actually but it really all of it was in the retail buying space mostly working with emerging categories innovative spaces trying to get the next best thing on shell.
Man Says He Found Shrimp Tails in Cinnamon Toast Crunch
"That cinnamon and sugar that makes those country little squares. Jensen carved claims he found shrimp tails and his cinnamon toast crunch. And when he dug in deeper little black spot stuck to some of the cereal that looked a lot like rat feces. He tweeted out pictures to prove it. General Mills says Carps box must have been tampered with the flaps created a debate on social media, with some voicing concerns about shellfish allergies. AARP says. It's no joke. It's the only cereal he eats. He even owns a pair of Kyrie Irving Cinnamon toast Crunch Nikes. Deborah Rodriguez, CBS News Really Loves cinnamon 9 13. Let's take a look at the roadways Right now. It's
"general mills" Discussed on MyTalk 107.1
"Talking about Some inventions that people might not have known about. We're done here. Minnesota. Ray wanted us to know that, um General Mills. Not only did they do the black person recorded, they also built the deep summary. Sizable Elvin that was explored. The Titanic wreckage is submarine. That's right. Wow. General mills doing these because there are big companies they have money to experiment with. And I then and like they hire scientists, I guess what else are they do? Yeah, Really that scary there. I don't think they do lucky terms because I think that Yeah, they do. Sounds like them. Lucky charms is going to be green. Now in the month of march instead of gray your milk they figured out a way you could tell me. What is it again now, Nuck? Hey, now go milk milk. How do you say that fabric That makes like soft, like Lady blouses starts with the S. Chanel. No, it's a foreigner word. Yes, he's silk. Why do you say silk and milk? You know you've got a lazy time. That's all. I could think It's a lazy telling that doesn't work. We were trying to record something earlier today, that's just gonna be pro over something coming up next month or something. I had every long word in it, and I'm trying to figure out how to make my mouth. Form those words, and I might just have a lazy time. Yeah, I think you do. I just have a lazy Ah, lazy It's not always like that's right. Everybody e very sexually that my tongue is lazy My time. My time might be lazy on the show. She's single, Everybody better. Babbitt. Well, great girls. Someone has to have something you know, He's I feel like I feel like there was there was a dating thing Is Wendy Williams dating out loud on her show? I'd haven't sense I promised that I would go back in and try to watch it. I haven't watched. She wasn't on the first she was in on Monday and Tuesday after the lifetime hearing. It must have killed her. New York had the snowstorm. No one could get work. She's downtown in Kelsey. They're not like us. Minnesota's know from their city Can it shuts down and you've got people living over the bridges, and it's dangerous to reach because I wanted to watch it for the yesterday was, Yeah. She addressed all the love. She got a lot of people center bouquets, but her favorite.
"general mills" Discussed on WCBM 680 AM
"Johnson just personally, but I mean, you have no talent. Yeah, sure how we show one time we do the work. You know how many times were you at McDonald's yesterday? Charged Not throwback Thursday. Not cheese burgers shakes for 25. Cents. Well, really, Mr. Yeah. Why don't you tell us yesterday morning? I thought I would. We did it the other day. Um, I know. I know. We did the story once before. I'm not sure. Maybe I was out upon a lake, the golden arches spicing up their jury winter with a new throwback deal promotion each Thursday will be a different one. So here you go, Bruce again on January, the 28th. Let's see. It'll be a small shake for 25 cents was cheeseburger. Yesterday She had a small shape for 25 cents on January 20 apple pie for 20 cents on February 4th. From there make it eases, offering large fries for 35 cents on February the 11th And a cheeseburger for 25 cents again on February 18th so again in January they January was that date again for which was a small shape next Thursday next Thursday, Right, So I think the market my calendar next Thursday. A small seizure Caesar Salad social sound. That's right. This is flips Brando for its chocolate covered pretzels. But now they've added two new products of their offerings, flips stuffed and flips bites. You get numb shaped pretzels covered in milk chocolate stuffed with peanut butter. That sounds good. Then they have flips off they do on that comes with a picture of chuck on the box or chart in the box. I'm just had my back turned them Carnation breakfast essentials is part of with Kellogg's and General Mills to turn a variety of cereals into breakfast beverages. What's with this? Kellogg's Froot Loops, frosted flakes and Golden Grams can now be not just your cereal, but an actual beverage. Always that special available warmer. Yeah, uh, Jimmy Dean sausage, by the way, doing the same thing. So you cannot have Jake sausage shape and I'm waiting for the organic egg people, though that kind of China. I want to just think if they took the sausage and puts the milk gravy with it might not be a bad shake, right? Yeah. Jump in the biscuit. We're going to go little Chuckie, though. Uh, Chuck. Hey. Hey, talk about just don't really honest to God. I mean, you have to go there. He always has to show that he's a real lady. Yes. You know, it wasn't referring to you Try me over on me a little chunky. I was worried to the shake. All right. Thank you. Sorry that where you are you certain you know what? Forget everything we said, then carry on. Everything I say has a secret message. That's right. He's chucked on the subliminal channel right now, but I'm still getting the message out. That's the only network he's not doing. Ever going to get that was either double C All right, let's go to the phones. Glenn is in east in Glen. Good morning. Work, then. You know what? What gets me is It's gonna be a stimulus to get in the the, uh Vaccine. What went to go toe? Oh, if you just turn in your guns, you can have the vaccine. That's where, you know. Well, you know that before the gun buyback programs, and there will be if you want to get the vaccine during your guns. By the way, you know what they're doing. A D. C. This is a territory that once statehood they're offering pot. In exchange for the vaccine. Come in and get the vaccine will give you a pot. That's the incentive. I can't tell you what happened. Every people get across state lines for that one. No, no. Yes, Glenn. Thanks. So much of the goal. Appreciate it that serious serious. Maybe we just heard from one of our listeners. It's informs on magazine 6 49 in the morning Drive with Casey and Elliot. The Hilton Garden Inn, located in Owings Mills understands that things.
Maine Businesses Must Now Deny Entry To Patrons Who Don’t Wear Masks
"Governor General Mills announces stricter mask rules owners of businesses and indoor spaces. We'll have to deny service to anyone refusing to wear a mask. Governor Bill says the order she issue last night simplifies a mask rules in Maine. Previous rules required people to wear masks indoors and allowed owners and operators to deny entry to patrons who refused. Males also says a stricter standard is needed with a number of covert 19 cases there now topping 15,000
As COVID Cases Grow, Maine Reinstates Travel Restrictions For Massachusetts
"Meantime, no longer exempt from Maine travel restrictions Governor General Mills office advising anyone from the Bay State will need to have proof of a negative covert tests with in 72 hours of arrival or quarantine in the pine trees, fate for 14 days. New Hampshire and Vermont still exempt from Mainz travel restrictions.
Kraft Under Fire for Sexualizing Mac n Cheese
"When you think of macaroni and cheese what comes to mind comfort food and easy cheap meal for you your kids or your broke college student or something more risque. Wait if I confused you just now clearly, you miss the drama that happened earlier this month for kraft, Heinz the maker of the number one boxed Mac and cheese in America wound up embroiled in controversy over an ad campaign that most definitely attracted attention to celebrate National Noodle Day October six. In case you missed it on your calendar Somehow Kraft Heinz launched a playful campaign suggesting people send nudes that is noodles to friends and family. The double meaning of course was intentional sending nudes could mean sending nude photos in some of their ads, pictures of a box of Mac and cheese were deliberately out of focus as if the company was hiding something you know. And video featured former Saturday night live actor Vanessa Bayer. Trying to make the distinction between noodles and nudes. It's been pulled from crafts social channels, which I'll get to in a minute but take a listen clear not advocating you send nudes to anyone I'm talking about news not news I want there to be no confusion do not send nudes definitely send news even as it sent social media into a tizzy the campaign was a hit twenty thousand comfort loving tweeter took the brand up on its offer to mail free boxes of the cheesy stuff to loved ones. But unless you subscribe to the theory that all publicity is good publicity, the backlash created a craft crisis parents tore into the multibillion dollar brand on instagram. They said sexualizing macaroni was inappropriate for kids and accused craft of inciting children to send nude pictures. Many angry viewers threatened to ban kraft MAC and cheese from their pantries and turn instead to rivals like Annie's Mac and cheese owned by General Mills, some threatened to boycott. All craft products and some critics went even further according to buzzfeed Cunanan supporters got into the act. buzzfeed describes Cunanan as a collective delusion believers in what has also been called a right wing conspiracy theory subscribed to a number of different baseless notions including that something called the deep state promotes child sex trafficking buzzfeed reported that some Cunanan believers accused craft hines of using it's Mac and cheese nudes campaign for just this purpose. In the end, the company pulled its campaign in a statement brand officials stated, blandly, we sincerely appreciate and hear all of your feedback. As it happened, the news promotion was intended to end only a few days after it began anyway, whether craft considers its campaign, a win or a loss is hard to tell at the moment but consider this not only did craft managed to. Give away thousands of boxes of noodles but the controversy generated thousands of mentions on social media and in the press also keep in mind that making processed foods. Sexy is not a new idea for kraft. Heinz back in February of Twenty nineteen long before our world was upended, the company ran an actual ad on a porn site likening Mac and cheese attraction to addiction to. Well something else entirely that adds steely promoted devour a kraft Heinz frozen food line. That made headlines and sales. It's a big deal for consumer packaged foods players like Kraft Heinz Kellogg in Unilever Comfort food sales have fattened up during the pandemic now officials from Kraft Heinz, and Kellogg promised market very aggressively during the second half of this year to keep momentum up according to industry publication marketing dive given the ferocious rivalry between giant packaged food companies. There's really only one conclusion to draw about a brand that doesn't just go to the edge of tasteful nece but jumps right over it. Even today's cancel culture craft Heinz knows. Exactly. What it's doing.
Buying Science, Healthwashing Labels, & Sparking Real Change - With Guest Vani Hari
"Our guest today is New York Times. bestselling author Vanni Hari and body was named by Time magazine. One of the most influential people on the Internet. And she's been such a powerful force of change and influencing how major food giants like Kraft General Mills Subway Chick-fil-a in starbucks create their products in her advocacy has steered them towards making more helpful policies. She's been profiled in the New York, times the Atlantic the Financial Times Wall Street Journal USA Today the Dr Oz show the doctor show CNN the list goes on and on she is such a powerful and important voice that we all need right now she's demonstrated how powerful we are. She is just one person who stepped up and setting noth- is enough I'm not going to allow these things to be in our food system into injure unsuspecting consumers to injure children all over the country all over the world we can change this and she stepped up and made it happen. All right. So Vanni is one of the big reasons that there's been so much change in fast food and in processed foods and she is she is just one person but she is powerful. She is remarkable as you are. She said, yes she just said, yes. Stepping into her mission and being an advocate for change and again I'm saying because I want to remind you of how powerful you are. We all are powerful beyond anything we can imagine. And, it's wonderful to have these conversations and talk with Bonnie to see how she did it to see what he's up to to hear what she's thinking about right now in the context of what's happening in our world today, you know in her leaning into this discomfort with all of us and seeing what is, what is she going through? What is she thinking about and also she's got a new little surprise that she's. Developing right now herself you know a new addition to her family. She's got a corona bonus. You know at this time there's also Within the terminal, those also these things of beauty. There are moments of opportunity and beauty, and it just depends on what we are able to see the questions we ask and the actions that we take, and if anybody knows about action, an advocacy is our guest today Vanni Hurry. So it's jumping to his conversation. With the amazing New York, Times bestselling author food advocate the Food Babe Herself Vanni Hari Viney Welcome back to the model show how are you doing today? So Good Sean is so good to see your face. Let me just tell you that I wish person. I wish it was in person. So I give you a big giant. Fat. Wet Hug. And there's a reason behind the fat portion. Beautifully plump is you have you're having a baby your daughter's about to be a big sister. That's right. She's GonNa be a big sister to a little boy. And Yeah, I'm getting ready him. It's it's coming up soon I gotta get gametime on. I. Got Up early, this morning and worked out was pumping iron and shared on my instagram. I was like, Hey, guys give birth is a real athletic sport. You need stamina you need physical endurance especially if you WanNa do it naturally you you really gotta be in shape you can't go into that. Experience being shape. Let me just tell you. That is so true. Same thing mirrored by you know my wife and so many other women just sharing this story is just getting prepared for it. You know and this is something we have evolved doing just being active out gathering, taking care of things but you know this is just a big shift that's taking place and even right now it's probably been a little bit more complicated for a lot of people just to get outdoors and just to be active so I just want to commend you for that. Pumping Island. Getting for the baby you know that's awesome. I'm just so thankful gyms are open back over here. You know for the for the first, half my pregnancy they were closed, and that was really tough mentally because I had to I had to have that motivation to get in that Jim, my own little home gym at home. Every day and in our basement and it got old after a while and not having that external motivation and doing everything on a screen. You know it was just it was very tiresome. So I'm so glad to be able to go back in in the community and workout and have that external motivation in loud music and all that is just it's the. Best. Yeah I feel the same way you know and this is one of those things and I'm I'm so grateful to talk to you and this even in intro that I put for you just you're such a inspiration to me you're such a hero that we all need right now and I'm so grateful to have you on to have these conversations because. For some folks, the Jim has been it's not just about the physical health side is their mental health mental emotional wellness being able to get access to that, and it was just kind of been this big law even here in I'm in Los Angeles, all the gems is still closed. I literally would have moved I would have to move away a lot of people have. Had to be away because you know that's what it is for me. It's like my anti anxiety medication, right? It's my anti depression medication. It's that you know that routine every single day I start my day and I go to the gym and do my workout class when I come back and it's It's it's a game changer. SMA- meditative practice that I have to do and four something to take that away. Was An insult on my body. For the government to take that away and you know I shared actually a interesting me on instagram when when our governor continued to close gyms but would allow. People to for example, Golf Club or tennis clubs, but they wouldn't we go to a gym. There's all of these kind of. These rules that didn't make sense and I said you know, hey, if you got McDonalds open open my freaking. Jim You. Got McDonalds open open my. Goodness sakes
Stocks fall as tech remains under pressure
"Under pressure with large cap tech really fading here. How's currently down. 507 point says he's dropped 72 NASDAQ is lower by 2.8% US tenured at 0.67% Gold is down 40 points Transport's fall 100 points and among the main 11 SB sectors. All were in the red, led by declines in energy, tech and realestate in the Tao. Only Nike and Jay and Jay were in the green, while sales force Apple and Chevron leads to the downside. In other news, Tessa suffered a complete network outage. Good Rx Open at $46 A share by PO is priced at 33. And zoom video topped $500 per share after earnings. General Mills you wanted just GPS beat the highest estimates and wrapping things up here. H B fuller reports after the balance.
Why Corporate America Couldnt Change Carla Vernn at Her Core
"Carla I. Love that we were both up at midnight emailing and prepping for this. A says so much. Yes. The the the story behind the story. You just announced that you're leaving General Mills after twenty two years right now, the go-to practice buzzy thing in career advancement is zigzagging changing jobs every two to four years your career is sort of a case study in the opposite taking the long road to the. C. Suite. How were you compelled to stay for so long? I'm probably kind of an old fashioned person and I. Was Very Intentional in picking the first company that join out of business school. Before Business School, I was not very familiar with careers in corporate America. My parents were both educators and we didn't really have any business people in our family. Largely. Probably because my family is black and Latina Afro Latino for my dad and. Secretary Shen really prevented us from being able to have a path through corporate, America. So when I got to business school I had so much to learn about how does one even navigate and find a company in finding career path. When I realized that my skills were really well suited for marketing strategy then I went about making it my business to figure out what where are the best of the best marketers going where are the? Best of the best strategist going 'em back. Then the area we call consumer packaged goods, food companies, companies that make your household facial cleansers the things you wash your dishes with the product. See every day in the main part of the grocery store those companies where marketing was the absolute core most important skill of driving the success of the company. My intuition told me that if I could find a company that welcomed and embraced diverse styles. I was more likely to see leaders who blazed a successful trail that weren't cut from cookie cutter, and so when I found that in general mills, there was plenty of learning to do and plenty of career path runway for me. And so I really played the long game there. You said you partly went into to marketing because you felt it matched your natural skill set. So I both wonder what you were assessing your natural skill set. But then also how is you began to work inside of General Mills? You got really good at the thing you were already naturally good at. What I arrived on the doorstep of business school I didn't actually know what the career pads were inside of a company. I didn't even know what the job titles were. So all I could try to correlate when I went to business school was what am I passionate about 'em? What do I seem naturally skill that I have always been a creative person I've always been attracted to the arts and I also like associating new ideas in connecting. DOTS in reaching new conclusions over time in business school I got to learn that the people who love the creative work in business that's often called marketing and the people who love connecting disparate ideas in reaching a new conclusion is often called strategy. I've also never been a very shy flower I'm fairly direct may be a little bossy and so I also wanted to know what are the jobs that people go to when they like being in charge. I found now, where are the industries where people who do marketing strategy are in charge, and that led me to learn more about consumer products in that industry that's so dependent on those skills. What were you doing that began to open doors to bigger and better opportunities that the company? I have. I got great feedback from one of my best bosses in he said, one of my best skills which is an under appreciated skill is that I'm very coach of all. You want this weird kind of feedback yet because you want a boss to tell you oh, you're great at analytics or your so sharp your ideas are always the best I've ever heard for someone to say, wow, you seem to. Take Direction while didn't seem like the compliment what I think he was getting at was you I am a very malleable piece of clay I. Already know at the outset that I don't know everything. So I remain curious remain open to the knowledge that comes my way and I am willing to continue to grow my own skills and so I don't WanNa be the person that's too proud to ask a question. And, I've always been willing to be a learner.
Could Science Build a Better Grain?
"The ever increasing need to feed Earth's growing population and not always cautious ways that we grow our food are some of the factors that have put our plants environment in peril. Farming accounts for nearly a quarter of human emissions that are warming the atmosphere, and as much as half of that comes from plowing the soil to grow crops, such as wheat, corn and soybeans, which releases carbon, dioxide, methane and nitrous oxide, the latter byproduct of fertilizer use, but researchers have been working on ways to reduce the harmful environmental effects of agriculture. One potentially promising innovation is a grain the goes by the trademarked name, her Kneza like familiar grains it can be made into flour for use inbred breakfast, cereal, and other foods, and also as an ingredient in products, ranging from beard ice cream. But unlike many other grains, Kerns is a perennial plant meaning that once it's planted. It'll keep coming back up year after year. It doesn't have to be replanted from scratch year, so it cuts down on labor. In addition, Kerns a has a deep root system it reaches over ten feet or three meters into the soil, and may help to sequester or capture atmospheric carbon that root system could also make more resistant to the impact of drought related to climate change in some areas. Currency was picked by the Land Institute a Salina Kansas based organization founded in Nineteen, seventy, six, the founder West Jackson recognized that a big problem of modern agriculture was that it was wearing the soil by focusing upon monoculture, growing a single crop in a certain area as that practice intensified on modern farms. It's destructive. Downsides became more and more evident in the form of erosion and worn out soil that required increasing amounts of fertilizer, creating increasingly polluted groundwater Jackson saw the development perennial grains to replace annual ones as a vital part of the solution to those problems. The Land Institute's website explains given that grains makeup over seventy percent of our global caloric consumption and over seventy percent of our. Our global croplands, transitioning from an extractive annual model to a perennial model is the best chance we have create truly regenerative food future, but developing new food crops is difficult and time intensive challenge back in Nineteen ninety-three scientists at the Rodale Institute and Other Research Organization identified a plant called intermediate wheat grass species related to wheat as a promising candidate that might be developed into a perennial grain. They worked with researchers from the United States. Department of Agriculture to breed the plant and improve its fertility and seed size in two thousand and three, the Land Institute began working with intermediate wheat grass as well after years of breeding the plant. They developed Kerns the trade name for their variety. In some ways, the process of developing a new crop hasn't changed much since prehistoric times. It involves breeding generation after generation of a plant taking the best from each new batch, and reading them together an effort to promote whatever desirable characteristics your seeking, however plant breeders these days have some tools that the ancients lacked the land institute employed a process called molecular breeding, in which they use genetic analysis to determine the traits of the plant should have even before it grows to full. Full size in order spot plants, but the most potential for breeding. We spoke with Rachel thrower the institute's Chief Strategy Officer. She explained it's taken us ten thousand years, and an intensified two hundred years of modern reading to get the crops. We have today. It's taken twenty to get Kerns to where it is, it might take another twenty to get it to competing at scale with the annuals. But in the effort to turn Kerns a into a commercially viable crop. There's a lot of work ahead. Stroller says that researchers are now working to increase the size number of seeds produced by each plant, and to increase the height of the plants. One drawback of currency is the unlike conventional wheat. It doesn't yet lend itself to free threshing, in which the edible grain is easily loosened from the plant. It instead requires another step called D. hulling to remove the skin of the seed before it can be turned. Turned into flour, that's because the stems remain green, after the plant matures conventional wheat withers, and is thus more easily separated in addition to breeding currency to make suitable for free threshing in the future, scientists are working to make the yield produced by real working farms match what they've been able to achieve on their research plots to that end. They're gathering data from the farmers to help figure out how to time the harvest. What settings would optimal for combines and other factors that might make the fields more productive. Researchers are also working with Baker's chefs, brewers and distillers to develop products that utilize curtains to help create a future market for it. One product already on the market is long route. Pale Ale who's maker Patagonia provision sites Kerns environmental positives in its marketing and last year general mills. CASCADIA and farms brand produced a limited edition. Honey toasted Kerns, a serial, which it sold to raise funds for the researchers. We also spoke via email was Steve, Coleman and assistant professor in the School of Environment and Natural Resources and Ohio State University, and the CO author of two thousand eighteen bioscience article on Kerns cultivation methods. He said up and working with Kerns F for ten years, and it's been a fun adventure. I think one of the things that I've really come to appreciate. Is that successfully? Domesticating developing a new crop requires more work than anyone can really appreciate.
Top military general calls photo-op with Trump a "mistake"
"The nation's top generals apologizing for taking part in a photo op last week outside of fire damaged historic church across from the White House joint chiefs chairman general mark Milley says he should not have joined president trump and other administration officials in walking past protesters I should not have been there my presence in that moment and in that environment eight a perception of the military involved in domestic politics the commission uniformed officer it was a mistake both general milling and US defense secretary mark esper say they misunderstood their involvement in the incident in which tear gas was used to clear a peaceful protest against police
TV advertisers are changing the channel
"I'm Kim Masters and this is Hollywood breakdown joining me as my regular Banter Buddy on the business at felony and Matt normally a lot of reporters would be gathering with a with masses and masses of advertisers in New York. This time of year for the upfront presentations when these advertisers are are given very splashy star studded presentations in places like Carnegie Hall Where CBS does presentation and these they unroll the fall shows and they they and there's huge parties. I mean this is where billions of dollars worth of advertising are are starting to get sold on the basis of the shows. I remember the year back when they played. Abc played the entire pilot for modern family. That's really rare. It's what you do when you think you have something great and you think all the advertisers will want to be a part of it and you can make a lot of money. So of course there's not a prince this year and their virtual. They're doing these things they're trying to do them. In one way or another different networks taking different approaches some of them are having sort of virtual presentations. Some of them are having smaller. Smaller group presentations virtually of course and it augurs badly all of this because advertisers are really fleeing the businesses not there. It's going to really really be devastating for television that is driven by advertising. Yeah I mean this has been analogize by a couple of analysts to the two thousand eight recession and what that did for the print advertising market which is it exacerbated trends that were already afoot and just absolutely accelerated and made them devastating to the print. Business and people think that this might be the case for traditional LINEAR AD driven networks. Where there are you know. They're the trend has been away from these massive commitments but the business has been okay because they've been able to get creative and come up with hybrid ad packages that a lot of advertisers could buy into but this year. I mean there was a Wall Street Journal piece this past week that estimated just in the third quarter between a billion and one point five billion in ad commitments are just going to go away and advertisers are experimenting more and they're seeing more traction on digital platforms and they're using this pandemic to experiment and do do things and will that Ad. Revenue Comeback knows. Yeah they have the ability advertisers in many cases to cancel existing commitments. To get out there trying to I mean they buy these ads well in advance of the TV season and they do have in some cases an chance. They did have a chance to cut back on some of their commitments before may first so things like General Motors pepsi-cola and and Pepsico and cracker barrel and General Mills. Big Huge companies have been trying to take advantage of that cancellation option to varying degrees. And and there was a survey released from something called advertiser perceptions that marketers will plan to spend thirty three percent less this year during the up fronts compared with last year and that is a six point. Six billion dollar decline. If that's right and I'll read you a quote from the one of their executives the upfront strikes at the heart of the uncertainty advertisers are struggling with. They can't commit long term but at the same time you know they do. Advertising isn't going to go permanently away if you're hoping lower to attract customers you got gotta advertise somewhere and TV. I think it's still a big tent broadcast TV. And the ratings have been up for broadcast network. They've been up everywhere during the pandemic. But we're starting to see some softening as these were made it. Home episodes become more ubiquitous. I think that's probably going to continue over the summer. In the fall. People are afraid to spend money so advertisers can advertise but people aren't necessarily buying and those companies are hurting to thank you. Matt thank you. That's Matt Bellamy joins me this Monday at one thirty business. I'm Kim Masters and this is the Hollywood breakdown.
Where AI Is Impacting Retail and eCommerce Today - With Guru Hariharan of CommerceIQ
"So Guru just to get things off the ground. I really want to get your perspective on where you see making a the difference in ecommerce today if we just freeze the tech today and we look at where it's making a difference on. What are those areas that are biggest in your opinion Denver? Thanks for having me on the show. Of course as the apply to e commerce are a few things which it can have some pretty significant impacts and of course there's a lot being said tons of custom expedience which is the most obvious thing where can include experience of the shopper. Coming into the store or coming coming in online and others but I want to talk a little bit about some of the back offices. If you may've that has not been talked about much which is Sales Marketing and supply chain those are areas which have amazing amount of opportunity in terms of the data. That is flowing thumbs off the deputy of tasks that can be automated the opportunities in those areas and a lot of top tier companies automated and end apply to improve their sales efficiency marketing efficiency and supply chain efficiency when starting with dog companies like Amazon. Yeah well obviously the Amazon is pretty. Well aggregating this whole space That certainly your guys focused as well so you wanted to knuckle down on the sales and kind of supply chain side of things here grieve. You're voting off to. I'd love to if we could start with sales. That'd be cool because I'll be honest with you. When it comes to e commerce I would everybody thinks of and probably where most of the action in is with a I and I think you'd probably this yourself is going to be on the marketing on the consumer purchasing side? Right what offers in my face. How big is the button? How does it show up on these different devices? What kind of e mail campaigns do I get right? It's a consumer clicking a button in swiping their visa. But you're talking about sales. Where do you see sales playing into the mix of common? Where does get in there? That's a that's a great question. So let's let's start off before we get into the application of AI. Let's just spend a few seconds to think about how sales sales is enabled on ECOMMERCE shirt. Accompany like Kellogg's are a kimberly-clark if you are to sell products that so you're selling die. buzzer selling curiel cereal boxes. How do you sell howdy enables sales teams on? How do you sell on retail outlets whether it be e commas whether whether it be a kroger store Walmart store? Typically what happens for decades out there for a century from a sales standpoint Kellogg's along our kimberly-clark is employing a top negotiator. The hiding from an Ivy League and like an NBA and teach them how to Gauthier Arkansas are Cincinnati to have a conversation and negotiation with Walmart are a kroger over dinner table and they have a process called the joint business. Plan talk through a number of options to invest on. How how can I buy all these The majority of the space that is dead in the diaper Iowa. The cereal of your store. Can I get the space right next to the cashier's without doesn't impose Opportunity things of that nature. All of these things have been traditionally done and balking century for decades in for more than a century in a setting which is a human to human interaction's our cable. So now let's flip order. Twenty twenty majority of sales sales which is happening on e commerce does not happen that way in fact if you enter Amazon our copier ECOMMERCE and growing companies like Walmart Dot. Palm are are Instead God another. You don't have people on the other side who can have conversations and Negotiate these these deals in fire. The language of this speak is dot of data. They would expose for instance Amazon exposes a bunch of data files through a Puerto. And if your Kellogg's you're expected logging into a portal figured out. How sales happening which sealed boxes are selling more on and not wait? Am I getting the right. Customer Feedback House might rent. Doing supply efficiency everything is codified in Puerto inside and communicated the data. So if I'm Kellogg's might old ways of human to human interaction's completely breakdown because guess what does not human on on the other side. What do you do so that element of sales has a seismic shift as a huge disruptive? Change that is happening right now. The market where sales needs to be completely codified into a machine. That's probably what we call out. Intelligence right yeah. So interesting. Listing big dynamic. So I'll just kind of try to sum this up then we can poke into the AI. Part I appreciate you kind of I guess setting the table for the topic. I think a lot of people do associate sales with the old old school song and dance. Bring a briefcase. I buy you a Scotch I ask you about your kids and then I talked about. Can I get this floorspace. Can you buy this kind of quantity. Not what do I gotTa do to have you purchase our product instead of general mills. You know whatever the case may be right but you're talking about now Amazon Amazon a platform. So the only thing that they're vendors are going to see sort of dashboards and that this is now changing the game on on how we do business do sales. How do you sell to a dashboard board in other words? What is now sales replaced with? So that's Let me think about selling into a company with speaking the language of data which is selling to a dashboard. You don't think about applying negotiation tactics from an from a human perspective. But can you a blind negotiation tactics using Using data so for instance. If I know that you're under sodded on a sudden which is getting to be an important key? What on your website aside? Let's say for instance Kito Cereal Boxes Keita's attending dumb and people eat cereal so they're searching for Kito cereal now if the industry does not have house keep those cereal. It's opportunity for you to identify those items in your assortment. which have the right ingredients and stock marketing outselling those items against those keywords on an overall basis as you mentioned if you're a salesperson Trying to get your products into a store. A stores a very deterministic concept offline. Would you walk into a serial and that's it. You'll find your cheerios. You sign find a gentleman's Products you find everything that needs to be there in that one. I'll when you walk into the e commerce store and I say walk in with a quote Unquote Ya. Am you walk in you walk. In using search thumbs and these search dumps could be a combination of keywords that type in it could be lane lane on cereal boxes could breakfast. Cereal could be snack. BOC CEREAL KITO cereal organic cereal. What would maybe there could be thousands of such keywords which make up the quote unquote digital? I'll now it's up to you as a brand to figure out where should I sell. And and how should I sell. which products do promote? which products do I given incentive for the shop or through a coupon and things of that nature and if if you think about the explosion of combinations that has happened over there? You've got thousands of key woods and save a few hundred products that you sell and you have essentially do that matching and start to push them the right level so that you're able to maximize that are done on your sale. Spend and trade spending such available due to drive. Maximum profitable sales on ECOMMERCE website
FedEx Stock Stung by the Shift to E-Commerce
"Got to look back on two thousand nineteen we've got another strong quarter from General Mills. And yes I am surprised to be saying that out loud. But we're GONNA START WITH FEDEX next because shares of Fedex or down nine percent after a second quarter that did not live up to expectations. And I I got a couple of questions for you about Fedex. But let's just start with the quarter itself. What did you think of the quarter in what stood out to you Well I'm going to quote some Somebody from Wall Street to Deutsche Bank Analyst The right up there. starts with Fedex reported results that we can only characterize as breathtakingly bad. That's that's a little. That's a little mean. That's that's that's a headline. That's hurtful headline. Yeah they were. What do do you think they were breathtakingly bad? Yes I mean I dwell. I'm just following on somebody else's Verbiage now but I I have nothing to counteract that with breath and I think Fedex itself the CF oh Okay not to be outdone the CFO on the conference call described Their Air Quarter as horrific. So I mean they're just trying to top each other really. This says what he what he said. Technically is quote our justed operating profit. year-over-year is horrific comma. But it's going to improve. So yes he you try to try to clear everything out out of the way. Okay this is the bottom used that term. And you know we're we're we're coming back strong strong. You know this. This is a little bit of A. WE'RE GONNA make it up in the second half of the year in Fedex has a different fiscal year so this was the Second Quarter and They've got the second half of the year to improve things and that's Always I think a difficult thing to bet on here it a lot like the second corps second second asking to be a lot better. But don't don't look at the first half so for a good stretch of time. Fedex was one of those companies that was referred to as a bellwether stock. If you want to know the state of the economy you can check in to see how ex company is doing and Fedex was one of those companies it. It seems though for a number of reasons not the least of which is Amazon's continued investment into shipping that Fedex is is certainly at minimum less of a bellwether stock. And maybe no longer a bellwether altogether though other about certain things So the the main components components of the difficulty here were Global trade disputes so less international trade Less things moving around around across borders and that's a big component of Fedex business and Secondly and I'm not really ordering these but Amazon yes Amazon of subtracting some of its business from Fedex Fedex subtracting some of its business from Amazon the two of them Fighting and I would say you know is is a bellwether in that respect in that it's business is tied to the strengthen its ability to work and play nicely together with Amazon so that is also something that you know in the retail mall world You know the degree to which Amazon is taking things things over You know is a big component of the difficulties air facing and when you are doing a lot of business with Amazon as Fedex was as XP logistics six was this time last year went through sort of a similar story. So it's X. P. O.. Lost the Amazon business sought stock cut in half basically because of that. And a few other things you know it's it's a year later. It's come most the way back that being expo Fedex. They gotta make this up somewhere somewhere a little bit more difficult for them Because this was a big chunk of the Business Amazon you look at a five year chart of Fedex it. It is down slightly. I mean it's basically flat over five year period and by the way so he's ups are these just not great businesses to own. If you're someone who's looking to own a business and hold it for five ten twenty years well I don't know it depends on your starting and stopping points and right now are looking at a point which is Involving this is slowing trade and global trade disputes. So check back in a year. Maybe it's a different story and maybe maybe fed ex is saying. Hey We told you so you know this. This was the bottom You know as soon as everybody started trading again. They're using US US They're they're probably not going to be. There's going to be a better chapter to their story with Amazon At least that's the way it looks right now so I wouldn't hold breath for that to improve but global trade char. I mean we're we're looking at the domestic economy and saying things are good here but Fedex global business. So you know. The the impact from the slower economies is showing up for
General Mills recalls Gold Medal flour after E. coli found
"Cabinets General Mills is recalling some of its flower products because they may be contaminated with E. coli the recall includes five pound bags of gold medal unbleached all purpose flour with a use by date of September sixth of twenty twenty all other types of gold medal flour unaffected by the