35 Burst results for "Kraft Heinz"
Is the Inflation Trade Back in the Market?
"We start off tonight with the reflation trade. The ten year yield hitting a one that year high one point three percent does that mean the economy is staging a healthy recovery or that inflation is making a comeback sooner than we all thought. What could that mean for the markets guy. Why don't you open it for us tonight. First of all. I mean bit whereas bitcoin say fifty thousand becase technology problems. He better technology than bill gates. At this point. I mean he gets no pass from me. I offer him no quarter number one number two. It means sit. The market is clearly anticipating this economy opening up in a major way in the second half of the year and that's a great thing for the economy. It might not be such a great thing for the stock market and although the market seemingly likes rates rising right now where to get point and curve where it does and my senses. It's about that one and a half percent and listen. You've talked about a ten year. Yield that went from fifty three basis points in august two north of one and a quarter now and it seemingly short period of time. That's a tremendous move. And i just think it's getting started. Banks are going to like resource trades going to like it but inflation is here mel. Make no mistake. You heard it from kraft heinz. You're seeing it in soft commodities. Just look at charts like archer daniels midland and buggy and it's right in front of us and the fed thinks they can control it. Good luck with
Kraft Heinz sells nuts business, including Planters, to Hormel for $3.35 billion
"To sell its planters Nuts business, which includes cheese balls, cheese curls and corn nuts. In addition to the various planter's peanuts products to Hormel Foods for more than $3.3 billion. The company also posted better than expected fourth quarter earnings and revenue. Shares of Kraft Heinz our Rally five and a quarter percent today. Investors in
Kraft Heinz selling nuts business to Hormel for $3.35 billion in cash
"Food to Hormel. The nuts business includes most products sold under the Planters brand Kraft Heinz is selling it for three and a third billion dollars cash. The Dow was a solo record
Kraft is cooking up pink mac and cheese for Valentine's Day
"Last week kraft heinz. The makers of kraft mac and cheese. Oh you for explaining. I didn't realize that kraft heinz had had formed marriage partner. It's beautiful beautiful dangerous dangerous game. They're playing combining these to catch up and mac and cheese disgusting together. I know people like that. I think it's not a fan. And if you're not a fan of disgusting. Mac and cheese not a fan of this story because craft announced a contest to give out free kits of its latest limited time mac and cheese. A box of original mac and cheese will be joined by a packet of pink candy flavored powder to mix into trunk cheese and that sounds like drugs. It is pink cocaine. The point is kraft. Mac and cheese is playing with god and creating a hank candy flavored mac and cheese. According to them the mix will turn your noodles a bright magenta color rather than a familiar orange ange. When i read that sentence i was like oh. I guess it's all pretty disgusting. There's because like noodle aren't dot color either. So what difference does it. I think really. It's just the candy flavor part of it too. It does sound like whoever brought this to the table really had their five year old bringing to the table but then maybe that's smart because most of the people maybe who are wanting something like this would be five so maybe it's actually brilliant but i think that it's mostly just children took over kraft heinz walled. Their parents were working from home like they thought they were signing onto their school zoom but they actually were signing onto the kraft heinz board zoom And then they just they just this. This is valentine's day item. That is the connection. So i assume that kraft heinz was picturing this as some sort of like central kind of love. Making food yeah. I think that they're trying to kind of introduce mac and cheese as belonging to the family of foods that you would perhaps on a nipple or a dick. Icac still the candy flavor. Part messes me up according to a spokesperson The pink hue comes from beetroot and carrot concentrates and tastes like candy Because it contains fructose. Natural flavors and vanilla extract vanilla vanilla always. She's always of the game
"kraft heinz" Discussed on Z104
"For new drivers. It's Literally. When I think of a photo of the person who should drive it For some reason, I see that person five days a week. You know that right? Maybe when we need mobile came here. I have several experiences with Wiener Mobile. I bet Ugo no, go ahead and tell, you know we gave me to station working outside a little hot dog whistles and we went into the low inside the truck. Whatever. And yeah, it was pretty cool. So that was that's not my coolest experience with Wiener Mobile, and I don't know if I've ever told this story. But at my wedding At my wedding the night before the wedding is the rehearsal dinner. So we're in Dearborn, which is a city right next to Detroit, because that's where our hotel and are eating area was. We're having the rehearsal dinner and all that. And all of my groomsmen are late. All of them like everybody's at the rehearsal, except for the groomsmen. And one of the groom's men that was at a different hotel and the Wiener Mobile was at their hotel, and he asked the winner of the driver. Can you pick up the other group? And we want to arrive at the versatile in the in the Wiener Mobile, and they all show and they did it. Oh, yeah, It's also he texted me is like, Hey, we're all here. We're outside, waiting for you. I walk outside and there's the freaking wiener Move, But all your guy really mad now I know they were late, but they have a way to mobile. I was like, Oh, that's perfect. How do we do this? If you're looking to spend your driving around 27 ft. Long Wiener Mobile going to 200 different events by the way, and you serve as a brand ambassador for Oscar Mayer. You can. They're looking for people with a degree or experience in marketing or communications, who have outgoing, friendly and valid driver's license. They didn't listen to salary. But seven years ago, someone posts on the website that they pay around $30,000 for the year, which isn't a lot if you just they probably take care of your hotels and all that stuff. So you probably just driving. Yeah, probably. And meeting people and all that sort of incident going to, though. I don't know about this year. This is 200 events a year, but I don't know what 200 events you could go to now. Anyways, if you're interested in applying you could do it at the Kraft Heinz website, But we made it easy. If you really are interested. Just text the word, Dr. 75711 new winner takes way Wasn't your people spell? Yes. Text or drive? Yeah, So if you want to see it, text Dr 7571 of four and yeah, There you go. You can have it is a pretty cool when you have you ever get a chance of it starts by even if you're an adult to go if they let you go, so it's pretty cool inside the people who drive the winner of the argument. Several of them always seem the same. They always seem. Very outgoing. Yep, very happy, but quietly, very unfulfilled. Almost like when you take a job. We did make Walt Disney productions. So we resulted to this. It was like you take a job. You're like this is getting the best job ever. And then when it turns out that it's not your kind of let down. Yes, that's what they want you to turn your game face on me. That's exactly what it reminds me of. Anyways, when we come back if you missed dirty work yesterday, don't worry. We'll catch up with the replay that's coming up in about 20 minutes and coming up next more jeopardy. Guest host you might like some of these On the list there are gonna be filling in. We'll ride down with you next. Inroads number one hit music station You go white you before you write me C one of four boxes of Jack's Not my night. A lot of the way out for you. All the hits and the Sea Morning Zoo. Let me take it. C 104. I'm assume adopting weather center. I'm meteorologist Jeremy Wheeler. Your forecast today We've got some clouds around this morning in clearing skies through the day high temps are gonna be the upper fifties this afternoon. Should be nice out wins out of.
US bans cotton and tomato products from China's Xinjiang region over forced labor concerns
"The. Us government is cracking down. On china in an effort to stop human rights abuses the trump administration is now banning all cotton and tomato products from the region of xinjiang. It's over allegations. The chinese communist party is using forced labour from detained weaker. Muslims though china denies it and says the camps just job training centers needed to fight extremism. Will now the wall street journal reports. This new ban is the toughest punishment the. Us's handed out for it so far and could have a big impact on businesses. China is one of the world's top cotton producers the estimates about nine billion dollars worth of cotton products in about ten million dollars worth of tomato products were imported from china into the us last year in fact researchers and journalists have linked dozens of companies to workers or products from xinjiang like apple. Nike and kraft heinz though some companies. Say it can be hard to know exactly where all the raw materials used in their products. Come from at least one. Trump administration official believes this new band will force them to get to know their supply chains. Better
Dow falls, but tech stocks rise into earnings
"It's a real mix bag it looks like stocks have become the day mixed a string of strong earnings from big names like Comcast, Kellogg's Kraft, Heinz and Duncan and some better than forecast economic data, offsetting worries about the Corona virus Minutes into the trading day, the Dow is down another 116 points. That would be the fourth day in a row. The NASDAQ is up 60, the S and P. 500 ahead by three. Now jump in consumer spending pushed the economy to grow at a pace of more than 33% during the summers, third quarter. That's the biggest quarterly increase on record. There was also good news in jobs, with fewer Americans filing for unemployment claims for the first time last week. But number tech stocks are higher Earnings from Amazon, Apple alphabet, Facebook and Twitter, all coming after the close today, we should see
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.
Struggling Kraft Heinz sells dairy brands to Lactalis
"Of its cheese business. The company will sell its US natural cheese business in a mix of other cheese brands to a French company for $3.2 billion The maker of Heinz Ketchup and Oscar Mayer deli Meat, says the sale is part of its plan to simplify its business and focus on brands that have the best potential to resonate with contemporary consumers. American Eagle Outfitters
Coronavirus: Stock markets boosted by remdesivir drug hopes
"Data to get the latest reports on income and spending today both are expected to show a decline for March and will watch for the weekly snapshot of jobless claims initial claims of three and a half million are expected that is a huge number but it would represent a slower pace than what we've seen in previous weeks among companies reporting earnings today or Twitter and Comcast Kraft Heinz United Airlines Amazon and apple stocks rose yesterday with the S. and P. five hundred up two point seven percent on news of positive developments involving a Gilead sciences drug aimed at treating covert
"kraft heinz" Discussed on Bloomberg Radio New York
"Plus why a third political party could alter the political landscape but first Kraft Heinz's misery isn't over just yet last week the iconic food giant was downgraded to junk by two credit raters raising fresh worries about the company's turnaround the CEO says it's long overdue salvage plan is coming but investors aren't feeling optimistic here to tell us more is Tara lachapelle a columnist for Bloomberg opinion so just to recap what happened at Kraft Heinz last year so Kraft Heinz had a terrible year and twenty nineteen at least two kicked off the year with the earnings that included you write down massive right down fifteen point four billion dollars which really show the deterioration of these brands which have banned household names for decades I. Kraft Foods and Heinz merged in twenty fifteen and ever since then they really haven't been investing in these brands that are more focused on cost cutting and really choosing their profit margins as they're controlled by a private equity firm and that Spencer that private equity firms and how they also had a slash their dividend early last year they disclosed that the securities and exchange commission was looking into some of their accounting practices around procurement so they were just a lot of bad news coming out of the company and I think it really sort of took people by surprise because this was a stock that you know Warren Buffett has been a cheerleader for he's the Berkshire Hathaway is the top shareholder and three G. capital's behind that and then you know he he hasn't you know reduce at stake he stole it talks affectionately of Kraft Heinz I think they're really three people for a loop and now that brings us to this year where things aren't really getting much better yet what have their plans been to revamp so about eight months ago Bernardo Harris who is the CEO stepped aside and they brought in Miguel Patricio who is a longtime packaged foods guy he came from I and has a bush which is another three G. property and so he's been there for about eight months I think people are really hopeful when he came in that this is a guy that really understands brands and the need to sort of invest in them and how to keep them popular and not just focus on cost cutting as they had been in the past but you know here we are today and they still there sales are still going down it's still unclear what he's doing to fix the company and you needed to give them a little bit of time right to get up to speed and figure out what the fix is needed to be he says that in may they're gonna unveil some grand plan that's going to sort of right the ship here but I think at this point investors are fed up and are they want to know something now they want to know what the company is going to do now and all we've really gotten out of the C. E. O. so far is that he's going to kind of shift around where they spend their money so that could the brands that are doing the bass which is like Philadelphia cream cheese and Heinz ketchup and condiments they're going to push more money towards those kind of away from the stuff that that isn't doing so well such as like the coffee brands I think Maxwell house they had another right down on that trademark last quarter so they're kind of moving around where they're spending their money but they're not increasing the budgets for these brands which I think shows that they haven't really truly embraced what's wrong with the company and what they needed to change is it what's wrong with the company or is it that consumers tastes are changing and people are into you know healthier alternatives it's absolutely that is well I mean every packaged food giant has gone through the same struggles over the past couple years where these brands that you know had all this shelf space in the supermarket that was kind of taken for granted you know you always bought General Mills cereal and Kellogg's cereal in Heinz catchup I mean they've dominated you know Kraft singles the cheese slices but then you know that started to change rate consumers wanted stuff that was sort of less processed and felt healthier and and just more wholesome and some of these brands have been really slow to adapt to that I think where Kraft Heinz fell into particular trouble was because not only were they slow to adapt to that they basically ignored it they double down on what they were doing and said you know what we are going to innovate in a big way we're just gonna do these little gimmicky things and we're going to focus on driving our profit margins and the whole industry really try to emulate them for a while you had you know Campbell soup and General Mills and everybody suddenly focus focusing on how do we cut costs and get those profit margins up but in a time when you know consumer tastes are changing and there's all these like upstart popular brands coming out I think you really need to also invest in your brands and say how do we keep them relevant for the long run so at the same time that we're looking at pasta made from cauliflower and all that stuff chips chips are still so popular in there they have to be the worst things for you it's true you know it's I think Pepsi co was really interesting because their earnings are pretty good and they're really focusing on brands like Doritos which like you say which seem to go against sort of this like health push but I think it shows that that helped push maybe as well you know not as genuine as well as we you consumers would like it simply P. interview with their certain brands that we just love so how did these other brands do that too how do they stay in popular with people I'm super into people at a time when we say we don't want junk food right so I think Pepsi whatever they're doing is really working and Kraft Heinz needs think about well some of our brands maybe we can't do much more to make than any healthier healthier sounding but what can we do to make them worth it for people to buy when they do have that craving thanks Tara.
Kraft Heinz credit rating cut to ‘junk’ by Fitch
"A day after Kraft Heinz posted disappointing quarterly sales pitch today cut the credit rating of the food giant to below investment grade also known as junk the company has been struggling to grow sales as consumers shift to healthier options and private label brands Kraft Heinz shares are down another three and a half percent today and down about forty percent over the past twelve
"kraft heinz" Discussed on Snacks Daily
"That's when it gets benefit but when stocks traded on the secondary market. The company isn't actually getting any money. When people by Tesla stock until now Tesla announced yesterday. It's selling two point. Six million brand spanking new shares of Tesla for seven hundred sixty seven dollars each that means two billion dollars in cash coming into Tesla's pocket and it's not just going into pockets gonNA use this money because they got to build out you know a new German gigafactory which you've status update check. There's a lot of serious tesla fans out there. If you look on twitter you can see pictures of the forest just outside of Berlin that they're cutting down trees to prepare for this gigafactory. They literally are ironically using gas powered vehicles to cut down these trees but they need to put the tree somewhere and pay for that. So Tesla need some cash. Investors Want Tesla's stock Tesla is selling stock for cash to investors. Everybody wins just like how a government can new money. Companies can print new shares nice and shiny mostly though we hear about companies buying back their own shares because they're swimming and profits when apple buys back a billion dollars of its own stock. The price of the remaining shares tends to fall this time. Tesla is selling its own stock because printed it right off the printing press. So you'd think that the remaining Tesla stock should probably fall because now it's all diluted right. Every Tesla shareholder owns a little bit less of Tesla than they did before the stock issuance. But here's the weird thing. Snacker TESLA stock didn't fall yesterday. It actually rose five percent sometimes. You can't explain stock movements especially with Tesla. This is like defying economic gravity. Jack what's the takeaway for our buddies over Tesla like ninety nine point nine percent of stock sales or secondary? But this one is primary. Snacker if you open up a trading APP and buy shares of tesl a tesla someone random is probably selling MTO. Probably Everybody Timmy. He might be the ones the Tesla's dot honestly. It's probably Timmy. This time though you're buying stock directly from Tesla if you bought the two point six million shares that were sold yesterday so money from retail investors like you and it's going from your pockets straight into Tesla's bank account directly. This is a primary stock sale with Tesla direct. Not a secondary stocks. Out with our buddy timmy. For our second story Kraft Heinz just plummeted eight percent because it's anti food innovation. This company is doubling down on the process stuff on one hundred and fifty years old. These are the legends behind Philadelphia Cream Cheese Oscar Mayer hotdogs. Planters LIKE RANDOM ARBITRARY. Nuts that are kind of Brazilian also behind craft and heights and the Pittsburgh. Pa also we should point out. The cool thing about craft Hines ed. Sheeran a Heinz Tattoo on his forum. I fact check this point because I didn't believe it but it's true the only explanation I can think of. He's a redhead. Ketchups red snappers. We noticed earnings report. Basically served up an all you can eat. Buffet of really bad news. In the past sales fell by five percent in two thousand nine hundred ninety six point five billion dollars for the future. They let us know that they're expecting less sales than expected for the next nine months. Oh by the way. Are Maxwell House. Coffee Brand. We wrote that down by like a couple of hundred mil because it's not selling anything. Jack I think we're in a position. Where can we pile on a little more? Bad News for Kraft Heinz. Do they sell doggie bags for this bad news? Second serving of context of bad news for crap towns. Jack Take it away raft. Heinsohn's stock is down seventy percent over the last three years. F Y they merged kraft and Heinz a few years ago. Ever since. Then it's been like not the most fun relationship. Oh by the way. By the way I'm like stacking P. S.'s. On this story one year ago craft hines wrote down the value of its food brands. Buy Fifteen Billion Dollars Jack and our Barwa continent and throw another P. P. S. here. They're old school. Brandt are not attracting buyers. They're repelling them. I think they'd be better off. Selling VELVEETA is products. If the label didn't even say Velveeta now here's the thing snappers. The core products that Kraft Heinz pump out. They tell the story of its decline. There's simply lower demand from consumers for its favorite items. There is lower cold cut demand in the. Us and that hurts. Oscar Mayer Foods. There is lower cheese demand in the craft singles sales suffer but there is higher demand for fancy coffee. Unfortunately they don't sell Fancy Coffee Maxwell House which is kind of like the Velveeta of coffee. So Jack. What's the takeaway for buddies over Kraft Heinz Kraft Heinz is failing because it's pursuing the opposite strategy of its peers smackers. Big Food giant. They know they can't innovate so they acquire cooler startups instead checkout Kellogg owner of the R X bar which it acquired a couple of years ago. That's now the fastest growing protein bar in the United States. Warning to the vegans out there it has egg whites. It has egg whites. General Mills bought Annie's organic and then it acquired epochs snack bars made of like Free Range. Salmon yet. The Bison like are in mixed with the Salmon. It's Kinda Creepy. But it's kind of cool and look at her. She's they acquired skinny pop which is like a hundred calories per bag of popcorn and they're getting into savory snacks snacker dirty secret here by the way when Jack is feeling angry. I throw popcorn Adam because it's his favorite savory snack while I'm enjoying skis of kind of like a dog. Fetching popcorn kernel. An indulgent peanut butter so kraft. Heinz is focused. Only on cost cutting. It's doubling down on. Its core thing catch up and they barely even change the packaging for our third and final story. A federal judge just froze Microsoft suite ten billion dollar jet ideal with the Pentagon. This is a big win for Amazon Microsoft. Stock the loser here. It lost seventeen billion dollars in value yesterday on the news. It lost more than one left in value on this one headline we paper. It was a single lift. That was lost yesterday from Microsoft. But this story is all about checks and balances. Let's go back to constitutional right. The Pentagon Aka the Department of Defense Aka. The DOD needs giant amounts of data to get crunched every day AKA data crunching. So they asked the top cloud computing companies offer their best deal and Microsoft ended up winning this deal. A ten billion dollar deal will get paid over. Ten years fantastic congrats. What are the biggest deals in cloud computing history? Now the government gets to use Microsoft's fancy servers to crunch data while they're like humming along at fast beat heating up and we're talking about like military defense data. This stuff's pretty critical pretty sensitive. That's why Microsoft has guards cameras prison walls. It's like a nuclear launch site level of security on this thing by the way Microsoft is keeping their servers in the Ocean. Not for security reasons but just because it kind of cools down now all of their servants some of their services in the ocean. But you know when your computer sitting on your lap and it's like really hot right dipping. That thing in the ocean is perfect. These service could get like a Netflix. Show deal their life so cool neo so this deal that Microsoft one. It's like the F thirty five fighter jet deal that a defense company would win but attack and it's much more profitable but here's the funny thing. Sneakers in December Amazon sued the trump administration. After this deal I went through Amazon. Was the clear favourite. But shockingly lost the deal to Microsoft and what Amazon says is that trump is believed to have ordered Amazon to not win the deal because trump's not a big fan of Jeff bezos CEO of Amazon. No basis is the odor of the Washington Post and the Washington Post reports on Donald Trump. Now here's the news from yesterday. A federal judge has halted implementation of Microsoft's deal with the DOD until she can make a final decision on Amazon's lawsuit. This would be a huge blow to Microsoft if it loses the deal since Amazon is number one in cloud. So Jack what's the takeaway for our buddies over at Microsoft? Cloud computing is the new oil. The Insert Higher Economy runs on cloud computing snacks. It is digital oil that kind of thing that was like the plot of the Matrix. I'm not a big categories fan. I can't even go with that one. No one really even knows what they were fighting about in the matrix either but Saqer's in the pre Internet economy like in the nineties in the late eighties. But Nick and our born everything bought and sold required oil. In some way you gotta get from A. TO POINT B. And he get there with some oil yeah. Gasoline is probably like what fueled that thing to get into your hands but today businesses are going from digital pointed digital point be with computers and APPS and cloud computing is behind all that they don't store their own data. They don't have their own servers. Computing and data are fed through the cloud. And it's mainly done by just a few big companies. Amazon is number one and it's cloud revenues represent just twelve percent of Amazon's overall revenue but sixty three percent of Amazon's prophets are from its cloud business and the other big cloud leaders there Microsoft Oracle Alibaba and IBM cloud computing is the new oil of this economy. And that's why Microsoft. Just lost a lift Jack in your whip up the takeaways force before the three-day Weekend Tesla needs cash. Investors Want Tesla so it all two billion dollars of Tesla shares its primary self stock so it goes straight to Tesla's wallet now a secondary sale like that Kudos. Thank you found on Ebay for three thousand dollars now that it all second storage can take away. Jack Kraft Heinz is struggling to sell its classic American brands so its profit is suffering honestly crash. Just do it your peers and go by CHIA FRUIT CASHEW SNACK BAR company already. Please just do it. Vital story a federal judge just pushed pause on Microsoft's ten billion dollar jet ideal with the Pentagon cloud computing. It's the new oil of this economy. Now snacker time for a snack back from a snacker tweeted us a lot and we were going with the Combo here from Sam from North Hollywood California big fan of snappers who tweeted us a lot. Relentlessness is a great trait. Today's Valentine's Day men spend on average three hundred and thirty eight dollars on Valentine's Day gift compared to women. Who say they spend on average sixty four dollars? It's the thought that counts. I think I think that's worth making clear to people I think it's the moderate counts. We may want to even this out. Also Sam pointed out that people spend on average ninety six dollars on Valentine's Day gifts for their cats but eighty one dollars for their dogs again. What's going on here? Cats are so needy pet injustice by the waste knackers we should say happy valentines day to Alison mcelroy from Chase Alison Chase couples. That snap together stay together..
Shares, crude prices rise on U.S., China data
"Day investors got some weak manufacturing data and word that China may not be budging on some key trade war issues the Dow fell a hundred and forty points the S. and P. five hundred index dropped from a record high it had its worst day in almost three weeks Kraft Heinz shares jumped though on strong quarterly results it raised prices on Oscar Mayer cold cuts Philadelphia cream cheese and legible mortgage rates at their highest in three months the average on a thirty year home loan back above four percent on today's watch list the first trading day of November and it's jobs Friday we'll find out the unemployment rate and how many jobs were added in October in the US that could be impacted by the GM strike earnings from Exxon Mobil apple TV plus launches a new in theaters paramount's terminator dark fate entertainment studios animated arctic dogs focus features Herriot and Warner brothers motherless Brooklyn and nice Arnold impression there Jessica
CFTC says Kraft, Mondelez to pay $16 million in wheat price manipulation case
"The U. S. commodity futures trading commission the CFTC said today Kraft Heinz company and mom believes international will page sixteen million dollars in penalty regarding of wheat manipulation case that dates back to two thousand fifteen the CFTC said craft dam on the lease came up with a strategy to purchase and stand for delivery on more than three thousand futures contracts price and about ninety million dollars to send the market a Paul signal of the companies had demand for wheat the lawsuit was filed by breed futures and options traders who accuse crafted mondo lease of illegally manipulating the wheat price at their
"kraft heinz" Discussed on The Meb Faber Show
"Invest. I've unlimited by under stock at a thirty dollar price and if it does hit that bryce i will be craft on shareholder notwithstanding the fact that i think it's future does not hold promise if it does not drop that love there are other fish to catch and i will move on there are too concerned so that investors looking into stock have have to have the first is when companies claimed that they've discovered accounting irregularities but they've cleaned up their act there often assembly and they're often more shocks to come with with craft kinds of magnitude of the irregularities small and given the deb no history of being accounting games. I'm willing to give them the benefit of the doubt a case for the moment the the second is that the company does not dust gary thirty two billion debt and while the debt has no toxic side effects today that is because the companies perceived up statement and positive cash flows house if the margin declined that forecast becomes a margin drought the deadly ksfo's accompanied will clear and present danger of default put simply it would make the bad case scenario that embedded embedded assimilation was and perhaps threatened the company's existence the list their lesson the craft nights blower but i would tread carefully since i risk offending reading some talk that you may view as not just incorrect but sacrileges one it is human to her at the risk of stating the obvious warren be buffet and entreaties key operate as a human and a pro denarlie making mistakes like the rest of ice but also the black blind spot in investing that hood in fact buffet buffet has been open about his mistakes and how much they have cost him in berkshire hathaway shareholders he also has been candid about his blind spots which include an unwillingness running nist investment businesses that he does not understand fear that only grows as he gets older and the economy changes as well as an excessive trust in the manage the companies that he invested one is for the most part an excellent judge of character is investments in wells fargo corden craft and show that he's not perfect the ford gordon. My view is not with buffet but with the legions of investors analysts agendas treatments an investment dating quoting woods gospel in tarring and feathering anyone dares to to question them to stocks and bonds in my poor son data. I look at how companies in the united states have moved away from dividends to buybacks as a way of her johnny cash cash that trend though has not been universally welcomed by investors and there remains a significant subset of investors which tragedies but run buying stocks that big dividends one reason that stalked let kraft heinz our attractive value conservative value investors is because they offer high.
General Mills Unhealthy Returns
"I'm Matt Greer and joining me is motley, fool, unless wrong gross Ron, it is just you and me in a word. How would you describe how you're feeling right now? So excited I could barely contain myself. Okay. Okay. Always happy to be here with you MAC. Well, good. Well, I'm excited to later. We're gonna talk some net flicks. They're losing the office. If you heard of the office show boy, my kids love them, some office, as do mine, and effective twenty twenty one the office will no longer be on Netflix. We'll talk about that. We're also gonna talk about some FedEx. But let's begin with a rough day for general mills shares down around five percent at the time of our taping on earnings. Ron disappointing revenue weakness in their US snacks business. Now, a lot of us when we think general mills we think cereal and, you know, the cereal cereal sales. In line with last year hanging in there. But they're not just cereal. They've got a number of brands everything from Haagen-Dazs to yo play to pet food, but they are running into this trend of consumers eating healthier, tough go, you got it. You know, it's interesting actually even with today's drop the stock was up twenty five twenty six percent on the year. I would not have guessed that if you'd asked me to, to kind of predict how the stock has done this year. So that was surprising to me, but you nailed it. It's, it's everyone's growing preference for healthier, breakfast and snacking options. It's hit all the companies Kellogg, wand, Elise Kraft Heinz. It doesn't matter who you are certainly general mills is, is not immune to that net sales organic net sales that's important in North America. Fell two percent. That sounds healthy though. That's our Ganic but importantly, because of their attempt to diversify and specifically the blue buffalo pet food company they bought last year. Total sales was actually up seven percent and they saw thirty percent increase in the blue. Buffalo pet business. So diversifying is is working. But obviously they want to grow some of their brands continue with some of their healthier brands a focus on Haagen-Dazs. Interestingly, not so healthy old, El Paso, Mexican their portfolio of natural and organic foods and their snack bars. They're, they're really trying to kind of focus on growing those businesses. So I think the question that everyone wants to know is where does this leave bugles because they I love entry, hopefully, you know, if you love you have you ever had. Carmel bugles. Oh, I don't think so. But when I was a kid, it was one of the most satisfying things to buy the bag of bugles. And then you pretend that they are, in fact, bugles, right? Let alone the child you needed Ave. Clearly. That was just salt and a bag. Why they were so good, crunchy salt and event is true in shockingly, not doing as well today with the health conscious consumer. So let's talk a bit more about the stock because as you mentioned, the stocks had a great last year beating the market. But it's lost to the market over the last five years and shares now trading below where they were five years ago and fun fact still outperforming Kellogg. Yeah. With wolf. Wolf wolf ESO? What's the bull case for general mills? The bull case, I think, is that they're going to continue to diversify through acquisitions, but that's dicey because that, that bull case also has a barriques right around the corner. It's tough to do aquisitions correctly. You wanna make sure you pay the right price. You might make sure you go into the correct areas, I think, part of the strength of general mills over lasts a bunch of months was partly the result of the diversification strategy. Blue buffalo being one the investors seemed to be excited about. But it's tough. I mean, the stocks. Our trading around sixteen times, not just Errol mills. But a lot of these companies, and there's a reason for that. And the reason is, is a lot of uncertainty going forward, and we'll probably still see weakness for some time until they kind of get their product portfolio straightened out. Okay. Ron and as we wrap up here looking back on your cereals, and they don't have to general mills that can be Kellogg, and they can be. But how about some favourite serials by far knock, Chem crabbing crunch is one of my favorites with crunch berries? No without contributes, actually. But foodie, pebbles are just unbelievably yes, love. Overrated. My guy was the Flintstones market. No. It was just the made. The milk fruity fruity ish. You let them get a little soggy of I gotta go. I might have to have them today. Okay. Let me hit you as some of my favorites and tell me how you come down apple jacks, boring. But my wife loves it really is fruit loops. Yeah. Like pretty pebble. Cousin count chocula now to chocolate for me to shot. Are you kidding? Get here is one of my favorites this was a sleeper frosted mini. We have it written down right here on my extra. So I wouldn't forget to mention it if you let them get a little bit Sigy fantastic. And you feel like you're eating wheat. So how bad could it be? Oh my gosh. And one of my truly favorites and I had probably a six to seven year relationship, it was a monogamous relationship here. Think about you needing a hobby, ready ready, golden grams. Oh, they're the Golden Globes are good for sure. I mean harsh their magic. It's a shame that cereal has, has gone, the way of the dodo bird because it's delicious, obviously, it's unhealthy. And that's why but even granola is delicious and milk. Everything is good. The for I'm gonna hit you with three over. Rated cereals. And you tell me if you agree ready? Yeah. Weeds god. Yes. They'll terrible Rice Krispies. They do crack snap, crackle, and pop feeling fun far after that, it's like, okay. And then Cheerios. Yeah. Oh my God. Like eating cardboard. Yeah. Honey nut Cheerios are okay. And then the one and then one more name. I wrote you get this on those other one more one more name. I wrote down and the word or the phrase, I have written by it is. I'm not dead yet. His grape nuts. I always when I was a kid I always associated grape nuts with like being older. And now that I'm older, I still associate with being have to be like, eighty to enjoy the exact. Yes. So I've got a few more years, but I'm looking forward to okay? Let's move on, after that hard hitting analysis. Let's move onto FedEx stock not doing much on earnings. Ceo, Fred Smith said trade disputes, and an economic slowdown have created quote significant uncertainty for FedEx express, Ron. Also facing stiff competition from UPS and Amazon as well. What do you think of FedEx earnings, the earnings are okay, but it's, it's the forward guidance about US China trade tensions, they forecast, a mid single digit percentage, point decline in adjusted earnings for fiscal twenty twenty investors. Don't like to see that, that I can tell you as far as this quarter adjusted revenue up two point eight percent operating income down seven percent though, negatively affected by lower package and freight revenues at FedEx express higher costs at FedEx ground cost associated with their US-based voluntary. Employment played by out the, the are voluntarily retiring, lots of employees there to cut costs. There was some strength though, US volume growth was up increased revenue per shipment at FedEx freight and FedEx ground some, some favorable incentive compensation expense. Decline. So there, there were some offsetting positives. But overall, you know, you don't wanna see a company like FedEx an operating income decline. And let's talk about the competition. Because when you look at FedEx when you look at the stock shares have lost to the market over the last year and they've lost to the market over the last five years, but they're still beating ups, okay? If you want to feel better, if you're go hang out with UPS right, but it seems like increasingly you've got traditional competitors like ups, but you also have the Amazons the Uber's you have anyone with a car who may essentially contract their time and their services out to a bigger company to deliver. How does FedEx compete with that, while you're seeing that it's tough? And you're seeing that in the stock price, they're doing things like making it more convenient for folks to drop off and pick up packages of perfect. Example would be. They just said, they're going going to create drop off and pickup sites at dollar generals, eight thousand stores what that does it puts ninety percent of the US population close to a FedEx full footprint of some kind. So they're trying to make it as convenient as possible their severed ties with Amazon for their express delivery service, the, they're making strategic moves, and sometimes. Difficult move, because as you say, it's very competitive landscape out there in Ron before we get to our next story. I want to say thanks to net suite now we know here at the motley, fool that if you don't know your numbers. You don't know your business, but the problem that growing businesses have the thing that keeps them from knowing their numbers is this Hodge podge of business systems. It's just a mess. You've got a system for accounting. You've got another one for sales. You've got another one for inventory. Yikes. It's so incredibly inefficient takes up a lot of time sucks up way too many resources and Ron, that's where net suite by oracle comes in.
Kraft Heinz And Times discussed on Bruce Elliott
"Times says it has ended its internal accounting investigation, and it will file an overdue quarterly report by the end of the month. Shares of Kraft Heinz opened up more than four
To Those Who Wait: Sargento Delivers Pizza, Months After Ordering
"This episode of business words daily is brought to you by central online from Pitney Bowes simple online makes it easy to save time and money. No matter what you ship or male. Try it free for thirty days and get a free ten pounds scale when you visit PBA dot com slash BW w daily. From wondering, I'm David Brown. And this is business wars daily on this Wednesday may eighth. They say good things. Come to those who wait now are Gento the cheese companies putting that idea to the test with a new line of fresh hot pizzas that take up to eighteen months for delivery. What can't wait that long? Well to highlight its new line of age cheeses, sir. Gento created a website where customers could order one of four kinds of pizza each with its own wait time. Why those ordering on the site slowest pizza, delivery dot com will get their pies. When the cheese finishes aging. You'll get your talion cheese pizza in four months, but that MAC and cheddar pizza you're looking at a weight of up to eighteen months pizzas. Made with Gouda or parmesan will arrive in about six or fourteen months respectively. Perhaps unsurprisingly so Gentles ad offering the world's slowest pizza has a backdrop of really slow music. And well, pretty slow voice over artist offers, you reasons why waiting so long is a good thing are slow pizza. Delivery is perfect for planning future pizza parties. Fortieth birthday coming up order now for your forty. I just found out you're pregnant will deliver it to the delivery. Don't have any friends to share a large pizza with don't worry. You'll have eighteen months to find them. The stunt confined to one hundred customers in the Chicago area is a nifty way for Sar Gento to direct attention to its new upscale cheeses at more than a billion dollars in revenue. The Wisconsin company is said to be one of the largest privately held companies in America, but it's tiny compared to multibillion dollar rival Kraft. Heinz sergeant does introduction of age cheese is a smart one as shoppers increasingly ditch process cheeses, like crafts American cheese for fancier, more expensive and more flavorful cheese and now's a good time for our Gento to make strides against the originator of cheese whiz. Kraft Heinz prioritizing cost cutting over innovation had a meltdown of a year. Its share price dropped almost in half since twenty seventeen the Wall Street Journal reported a new incoming CEO said he needs to revive the company's dusty brands his words, not ours. Like other big processed food companies craft is struggling to keep up with the head snapping pace of change in America. Tastes, but privately held businesses can often adapt more quickly, which is what sergeant oh was doing with its new reserve cheeses is just making a point of doing it, very very slowly. I'm wondering this is business wars daily. Good things. Come to those who wait don't, you know, but you can always subscribe to our show for free and apple podcast will podcast, Stitcher or Spotify and get instant delivery. Just when you need it. Thanks for listening. I'm David Brown will see tomorrow. This episode of business words daily is brought to you by central online from Pitney Bowes with sent pro online from Pitney Bowes, you can send everything from packages two overnights letters without leaving your office right from your desk for as low as four dollars ninety nine cents per month, French shipping, labels and stamps from your own printer easily compare rates using send pros online software, get special USPS savings for letters and priority, mail shipping. Plus, you can track all of your shipments and get Email notifications when they've arrived. Try it free for thirty days and get a free ten pound scale when you visit PBA dot com slash BW daily.
"kraft heinz" Discussed on WSJ What's News
"Something clearly has gone wrong here plus Kraft Heinz will restate its earnings following an investigation. So this goes back for the then the previously realized and the US accuses China of reneging on trade commitments, sending global markets on a rollercoaster ride markets taking all of this pretty badly to be honest. This is what's news from the Wall Street Journal. I'm Kim Gittleson. Let's get started. Now before we get into our main story this morning. A look at why the public service student loan program is in disarray. Here's what you missed craft Hines said it will restate its financial results following an investigation. The company said errors in its accounting. Go back several more years than previously known. Our reporter Heather Haddon has more from Chicago. It didn't give a lot of detail about exactly what had found basically, it said that they had made mistakes about the timing of some costs and rebates from very complex supplier transactions is how they put it. And because of that they had found that a few lower level folks at the company were responsible for that. And they let them go now Kraft Heinz it said that the error resulted in about two hundred million dollars worth of misstatements that's a relatively small amount given that the company nets nearly twenty six billion dollars in. Annual sales. But here's why it matters. The disclosure widens the scope of the internal problems at the company has to resolve its facing federal securities probe and shareholder lawsuits. Intend to follow the law, and that is in the process of being reviewed, and that was Treasury Secretary Steve Mnuchin earlier in April he was being questioned on whether he would follow the law when it came to a request by House Ways and means committee chair Richard Neal to release President Trump's tax returns, Mr. Neal as democrat late yesterday. Mr. Mnuchin said that the treasury department decided to reject the request now this was widely expected, but the rejection means the dispute will now likely head to federal court there, it could take months or even years to determine whether the request does in fact exceed Congress's constitutional powers. That's what the Trump administration is contending. And I can't wait to school my in use. Right. And that's why loan after he was unexpectedly released from prison early this morning in Myanmar. He's one of two Reuters. Journalists who had been jailed for over a year in the country for reporting on a massacre of Hindu, Muslim minority men while own and his colleague Josu refrained as part of a presidential amnesty for more than six thousand prisoners earlier this year, the pair had won the Pulitzer prize with their writers colleagues for international reporting. Now, our main story this morning, it has to do with government program that was supposed to help those who decided to pursue public service careers with their student loan debt supposed to help being the key..
Kraft Heinz to restate financial reports after investigation
"Craft Hines said it will restate its financial results following an investigation. The company said errors in its accounting. Go back several more years than previously known. Our reporter Heather Haddon has more from Chicago. It didn't give a lot of detail about exactly what had found basically, it said that they had made mistakes about the timing of some costs and rebates from very complex supplier transactions is how they put it. And because of that they had found that a few lower level folks at the company were responsible for that. And they let them go now Kraft Heinz it said that the error resulted in about two hundred million dollars worth of misstatements that's a relatively small amount given that the company nets nearly twenty six billion dollars in. Annual sales. But here's why it matters. The disclosure widens the scope of the internal problems at the company has to resolve its facing federal securities probe and shareholder lawsuits.
Its not an easy business.
"Thanks your to grammar Lee for supporting market. Fully Gramley is a communication tool that helps people improve their writing to be mistake. Free clear effective. You can start writing confidently by going to grammar dot com slash fool and get twenty percents off a grammar Lee premium account today. Monday may six welcome to market fuller. I'm Chris hill. Joining me in studio today, Jason Moser in the house. Thanks for being here. Alot we're going to dip into the full mailbag. Let's start with the Berkshire Hathaway meeting which always gives us a couple of headlines coming out of the meeting have you ever been? I've never made. I have. Yeah. It went. I think he was just once I win in. So of course, when you go with us. I mean, you get to go you have the press badge, and you sit up on the top and you get spoiled with the lunch and everything's easy in. So that was like no way, I'm topping that experience ever. So there's no way I'm going all the way out the Omaha just a wait in line to hear some guy say something I heard him say five years ago. You know, what else you can follow it on Twitter now, it's so robust and in. It's like you're there. I was thinking it's just like I don't watch a lot of baseball anymore. I love the Red Sox. But man, I tell you follow the Red Sox on Twitter, you I mean, they are that that's a. A great baseball Twitter presence right there. So you can do so much. Also, I think Yahoo finance has done. The livestream for people who are looking and watch the video I've talked to other analysts around here. It's like are you going out to along? Like, no, I'm just getting up and watching it in my pajamas really a lot of clips are still floating out there. So it's it's easy go over and over and over again. So let's get to a couple of headlines, and I up his craft Hines which. You know, it's it's impossible to read Warren Buffett's mind. But I'm wondering to what extent if any he's regretting the craft how the participation in the craft highs because Kraft Heinz came out and said that they're going to restate their earnings for twenty sixteen and for 2017 due to misconduct on the part of some employees. They say it's not going to be material. And I'm just going to go ahead. And grant them the benefit of the doubt and say, okay, it's not material. And if you look at the stock it's not falling through the floor. So clearly smarter more invested people literally more invested people than me are taking them at their word. Well, it's not falling through the floor any more. I mean like it's been an awful year date. It's basically been cut in half of horrible, twelve months and has really been a horrible existence ever since the merger in two thousand fifteen. So I mean at some point or another that floor kind of set itself, but you know, I started thinking about this with buffet. And so there was this one point like I dunno years ago where my wife kind of basically called me out on. It's you know, sometimes you as married couples. Do you talk with each other? And sometimes you just sort of the words are just kind of going in one ear and out the other. And and so whenever that would happen with me. And I would say something like, oh how about that? Eventually my wife figured out that how about that meant. Oh, I'm not listening. And so she called me on it. And I so now I can't do that anymore in with buffet. It's starting to feel like whenever he's like, you know, we're just going to give him the benefit of the doubt. It's kind of like he's just those words going in one you're out the because he does the same thing with with Wells Fargo, essentially, he's doing it with craft Hines. He kinda tends to do that. And that's fine. He's got billions doesn't really matter at the end of the day. But I do wonder how much this kind of grinds his gears because it has been obviously an awful existence since the merger. It is a very buffet style investment. I understand his perspective when he was asked about the long term value this company in regard to the brands that's kind of what he fell back on the brands. I don't know that I necessarily. We believe that going forward though, I think those brands are in in a bit of a bind. Red flags. Yes. And having to restate things, perhaps it's nice to see they're actually get out getting out in front of this kind of resolving and all, you know, I I don't know that I'm looking at this as an investment I want to have anything to do with anyway. So let's move away from Kraft Heinz for a second. When you see a company that you own shares of come out and say, hey, we blew the math. We have to go back and restrain like, I is it on a case by case basis because I was I was looking at this and sort of thinking through my own holdings and thinking to myself, you know, what depending on which company I own if they came out and said, oh, we're going to restate two years worth of earnings depending on which stock it is. I'm either rolling with it and saying, okay, you blew it. But it was lower level employees, and you're on topic. Whereas other stocks, I own I would think boy, I don't know this. This is one more check against you. Yeah. I mean, I think it is a case by case basis, but I will say. And we talk about these companies a lot on this show. It feels like for a while. It was Bank of America than it was Wells Fargo. So there are companies that get out there and are really in the spotlight, and they kick get out of their own way. Facebook is another one. I mean, it seems like every week we could just have that one segment of the show where it's like, you know, this week in Facebook screwing up again in so eventually privacy. Right. Eventually you get a little bit tired of it. Right. And so then you have to ask yourself is this really accompany worth owning? I in. I I think that is again, it's a case by case thing when I look at something like a craft Hines. I mean, it just don't see any kind of a competitive advantage there with the business to begin with. So this certainly would not be one of just sort of gloss over. I think it'd be one more reason to probably not want to own a so for this next story that comes out of the annual meeting it's worth remembering that? Last month. Yulon mosque said on Tesla's earnings call that tesla was going to be launching its own insurance product in the month of may and not surprisingly Warren Buffett was asked about that annual meeting and said point blank, it's not an easy business. And you know, there's some people online today said boy, he really called musk out there. I, you know, I don't know that I want to ascribe that to buffet. But she clicked, you know, the most generous interpretation of what Buffett said regarding tesla getting into the insurance business is good luck. But he did go out of his way to say. I'm not worried about them. I'm I'm more, you know, because Berkshire Hathaway owns Geico. I'm not worried about that. I'm worried about progressive. Yeah. Well, I mean, listen, given given EON Musk's track record of behavior. I mean is this really someone you want to be getting your peace of mind from seriously? Like, I mean, you wanna mind sure. From that guy. I don't think so. And I mean, I'm a big fan of you must listen very clear. I support what he's doing. I love is big picture thinking, I'm rooting for the I there are points in time where I feel like maybe he's just you know, that's kind of silly candy. I think that was probably pretty silly. And apparently that candy still coming out insurance pales insurance is hard. That's why we like great reputable insurers that requires a lot of capital. There are a lot of regulations in. It's not easy. I mean, it was it was interesting. I thought when when he was asked about this potential insurance product in he noted that they would be writing these policies based on data. I mean, we'll dumb that's all like all good insurance companies right there policies based on data. Like, there's an entire industry that you know, the actuaries to get out there and figure this risk out based on data. So I mean, I think that when you look at what musk is trying to do with tesla with spa. Sex solar city somewhere in there as well. Yeah. I mean, I is is insurance for this Jews really worth the squeeze. I don't think it is. I love the back and forth. I think you've got yesterday versus tomorrow and in buffet in musk and two guys. I really appreciate in in honestly love as an investor. But there's no question that insurance is a very difficult business to run. I'd have to believe if they were going to be writing insurance product, it would be with another partner that actually dozen sure. And then I would imagine it would be basically just for people who have a tesla. Like if you don't have a tesla. I don't know why you would get insurance from them. But I mean, hey, he says a lot of stuff what about dating app? I feel like you know, owning a tesla. That's a that's a bar to clear socially. And it was like start matching people up. Tesla owners. I think I don't know. I mean. Yeah. And instead of going to be helpful sure instead of swiping left and swiping, right? Like musk. I'm sure would add a dimension. Right. Instead of that. It'd be like swipe diagonally or swipe four D or something of that nature. He's always throwing a bit of a bit of a forward-looking twist on things so Starbucks got a surprising promotional boost this morning Twitter was all a buzz about Sunday night's game of thrones episode that is to be expected because it's the final season of game of thrones. What was not expected is the fact that apparently a Cup of Starbucks Coffee made its way into the episode of game of thrones people were posting video of this and screen caps of this a half to believe there's a production assistant who is in the process of getting fired today for leaving a Cup of Starbucks Coffee on their unless I don't watch game of thrones. Maybe there was a story line about the first Starbucks opening in west rose. I don't know. But but. That's amazing. Because you hear the phrase all the time you can't buy that kind of publicity. And I would say the majority of time someone says you can't buy that kind of publicity if you step back and look at a given situation. No, you really can this is a situation where really Starbucks couldn't have bought this. I yeah, I feel like sometimes there are situations where things like this. Are there not accidents there planned out, but they are made to look like accidents? Now, I'm not I I have HBO. So you think this claimed? Well, no. And that's what I'm saying. I don't think it actually was. I mean thinks in some cases these types of things are it does it does feel like this was genuinely just someone missed this. Now, I don't watch game of thrones. Which is fascinating because I have HBO. And I and I love it for whatever reason just never got into game with bronze. But it strikes me. That of the rabid fan bases out there. Starbucks and game of thrones are two very rabid fan bases to tie these two together. I mean, there is there is some serendipity here that I think is going to work out for both entities. I I don't think there is a downside for either. Now, maybe there is a production assistant out there who's who's out of a job today. I don't know who we just we won't even go there. But I I don't think there's really any downside to something like this happening not for Starbucks product placement has been around for decades. And if they had gone. The idea to go to the producers of gaming throws me. Like, here's ten million dollars. We just want to scar. And of course, the producers would be like, no that doesn't make any sense. But but I mean now all of a sudden, we're thinking, okay. Is there some type of is is there some type of of time-warp here in game of thrones that didn't exist it possibly now. Does is this how they continue to tell that game of thrones story after the end of this. He's who knows. I mean, we as the viewer or potential viewer. And I tell you like I said, I don't watch it. But now I'm feeling like I may want to start because who knows what could develop from this. But I have to believe they're gonna milk it for all. It's worth quick shout out to Gramley for sporting today's episode grammar as a communication tool that helps people improve their writing to be mistake free clear and effective day. Encourage everyone even the best students even the top professionals to use grammer to do their best work and accomplish even more their goals. They help people show their best self through writing. And it's available across platforms, including online. Extension. Desktop editor and mobile keyboard checker, it's available on multiple browsers, chrome, Firefox safari. It's on platforms like I o s Android windows. Mac their free product reviews critical spelling and grammar, but Graham, really premium looks out for spelling grammar, plus structure style within context vocabulary suggestions conciseness readability for different occasions. Whether you're writing a business proposal or an essay for school, whatever it's so easy to use. I've actually been using it and Graham really free is easy to use. But premium just gives you a lot more great suggestions on vocabulary. I have found anyway. So whether you're looking to polish up your resume or just look smarter in your emails at work. Do yourself a favor checkout Gramley, go to grammar Lee dot com slash full and get twenty percents off your grammar Lee premium account today, that's grammar dot com slash fool for twenty percent off
"kraft heinz" Discussed on Stansberry Investor Hour
"He said things it's actually it's been implied that he has taken deposit money and used it for other things. So yeah. Seventy percent of Tesla's operating. Cash flow has come from customer deposits. I have to wonder if operating cash flow if customer deposits really ought to be classified in that manner. Weird situation. Very weird. Okay. This is a weird. This is speaking of really weird. This is this is funny. Apparently, there's some sort of a crazy video going around the internet with a guy and his wife testing for themselves the tesla autopilot feature and he's testing it by trying to run her over. And they do it a few times, they do it three times on the video. And the first time she has to run out of the way and the car did not hit. You know, it's supposed to automatically hit the brakes. Second time the car automatically hit the brakes. Third time she didn't trust anymore. So she puts her handbag in the road and the car breaks for the bag, but just knocks it over. So weird very weird. I mean, I don't know who's, you know, which one of those people has a has a more challenged IQ is at Tim her. I don't know what she's standing in front of the car. I don't know. We talked about Kraft Heinz in recent podcast. And I said that the consumer brands are it's not the same proposition. It used to be they used to be these forever wonderful businesses that you can count on. And then the the firm three g came in and levered up Kraft Heinz, and they levered up AB inbev, and they thought well, the these are forever brands, we don't have to worry about making money. We can just add some leverage and cut some costs. And the thing, you know, the stock will scream well craft Heintz just hit a fifty two week low because SNP the credit rating agency put them on credit watch negative. So that's your own watch for a credit downgrade at that point. Excuse me. There were put on credit watch negative due to their failure to file their annual report with the SEC even after the deadline was extended, and you know, they recently wrote down fifteen billion dollars on their craft and Oscar Mayer brands tell you this those consumer brands are not the business. They used to be. All right now, there's something else. I wanna talk to you about. The company called fidelity information services. The ticker symbols f I s they're buying another company called world pay a UK company, and I would submit to you. This is the type of thing you see this type of buyout activity. You see toward the end of the cycle actually last week in the last podcast. We talked about cycles. So just real quick..
"kraft heinz" Discussed on MAD MONEY W/ JIM CRAMER
"Relief for thousands of people and those aren't even yet in the ballpark. You'll be hundreds of thousands in this things we're the first in their H slightly different. But according to many doctors are more effective than talks. We haven't been following this one for ages. But one of our first guest on this show was a member of the name of Lynch lifer. He's the sea of regeneration, and he talked about how I Lia the macular degeneration drug use just working on was far more effective than the competition. I asked him how he knew he explained every month a doctor would inject you in the eye with I lear-, I said that sound awful. Then he told me that the existing standard of care had yet to be injected once a week. Well, that wasn't hard for me to recommend general. Was it stop was five? It's now four for nine when you disrupted. It works. You end up with a red hot stock. What happens to the companies that fail to disrupt the ones that didn't innovate kid? Just ended up like Kraft Heinz gogo get that lineup of products. It's like something from rocky and bowl Winkler, you're stepping into the way back, but she mister Peba I've often moral how useful their foods would be. Event thermonuclear war stuff lasts forever. But I regard it as David for longtime. The stop was propped up by analysts wanted you to believe that you were going to being paid the way where the dividend. Well, class times figures out another company, you can buy in order to lay off a bunch of workers and boost profits not how to grow organically. Never. I they needed a fire department of their they've fired so many people, but the stock finally melted down once that people figured out this business, just plain terrible and the dividend had to be cut. Is there any way out of this dilemma over craft ties ended up like broke hill cable soup? Conagra Kellogg, dean foods made sure some of those get takeover bids. But it too late. I got an idea these I like to be constructive even about craft times. I think they should buy a cannabis company. Hear me say Nelson peltz Legere activist investor became a strategic advisor for canvas one of the fastest growing marijuana companies in exchange for options to buy nearly twenty million shares at least to start I've caught up with Nelson guy was on the border proctoring Gable? Who used to be on the board of how is itself. And of course, got monster shareholder Mongolia's no longer us bond. No longer member. Well, let me just say it said the cannabis is the next frontier, and I agree it can use for snacking drinking for medicine unique. I told Nelson that I think cannabis.
"kraft heinz" Discussed on KCBS All News
"This is a Bloomberg market minute. Investors will be watching to see if some of the big food companies stocks that got crushed on Friday can regain some ground. Kraft Heinz plunge twenty-seven percent after reporting disappointing earnings and writing off more than fifteen billion dollars in value of some of its top brands like craft and Oscar Mayer changing food tastes have been catching up with the company for several years. According to Bloomberg reporter criteria, Mona their brands were out of step things like Maxwell house, right people, just drink better coffee. Now, you're not gonna sell as much Maxwell house as you did in one thousand nine hundred five you're not going to sell as much Oscar Mayer as you did a nine hundred five despite spending, you know, millions of dollars to make the hot dogs all naturals on the economic calendar today reports from the Federal Reserve banks in Chicago in Dallas on the earnings front will here for more than forty companies including hurts at and shake shack diplomacy will be in the mix this week as President Trump and North Korea's Kim Jong. On meet in Vietnam for their second summit, Mark mills Bloomberg radio. KCBS news time is twelve twenty six I site elephants. Heels look like giant flux mammoth lumps of flesh at onion wave. Oh state park. You can walk with a guide on ripped off paths amid these giants he creatures the old bulls can be twenty feet and five thousand pounds. They round up of the smaller females. Occasionally a ball will try to steal another both harem. And that's when the fun starts a big bull elephants or rear back in threatened another bowl, then he will rise up and a wallop is opponent with a bite on the neck on your way vote. The annual meeting rituals of Eleftherios takes place through March on your wave. Oh is located twenty three miles south of Half Moon bay right now, a bonus that many pops are being born. There's something all mushy about a fifteen hundred pound elephant seal with a seventy five pound baby. Within a month, those babies will hit three hundred pounds..
"kraft heinz" Discussed on Motley Fool Money
"Twenty five percent on Friday Andy tough day for Kraft shareholders, which I am one. I have a few shares, but tough one on top of that Chris they also cut the dividend by a third from sixty two and a half cents to forty cents or a triple whammy at a large consumer product goods company that has just really been suffering. When they look at the next quarter for this the year, they're expecting their operating profits to fall by double digits, high teens percentage level so overall the the the story craft has not been good really since the merger. They announced it with Jean Kraft and Heinz in two thousand fifteen that a couple years of better times. And now, it's just been really struggle as the CG businesses are just really suffering with pricing pressure and with low sales growth, I wonder if you're three G, and and or buffet, do you do you kinda turn into an activist here and say we've got to make some very big moves because this this is not working in this card. And I mean, Berkshire owns twenty six percent of the stock and three g owns twenty two percent of the stock. Well, and if you're a Berkshire shareholder, I mean, the headlines are this is a four billion dollar drop. That's less than one percent. So the Berkshire Hathaway is going to be fine. I feel I mean, I feel like we've been feeling this way for a while guys. Get. Non GATT world. Now where I mean companies can can they can release these impairments in typically get by with it. Okay. Saying we have this this gap number, but adjusted our earnings were such and such in. So I mean adjusted earnings a little bit down from a year ago. But but I think that to your point India. I mean, it was a triple whammy essentially of of not only the impairment. But I mean, there's an investigation now underway in cutting the dividend. And I mean, really, let's go for the quadruple Amy because I don't know that really that that market. I mean, they're brands I don't know are as valuable perhaps as they were when we were growing up. You know, I mean, I don't have time you got Kraft macaroni and cheese or went and bought Oscar Mayer hotdogs, I mean, it is just a different world with a lot more choice out there. Well, it is going to be interesting to see how this plays out because one of the possibilities here. Andy is they go the route that Proctor and gamble went eight ten years ago. They said basically looked at their brand portfolio and said we got too many brands let's start selling some of them off. And I think if you're Unilever or frankly, any others of private equity group, you got to be looking at the Kraft Heinz portfolio and thinking, hey, if we offer a decent price, we could get some of the a couple years ago, they tried to arrange the merger with Unilever didn't work out. They've already talked about selling some of the asset some of the brands there in have to do that to try to cut costs and pay down some debt. But really just this the financial engineering try to cut Grassley cut costs and after a merger. Like this added a ton of goodwill intangibles to the balance sheet. I think in the consumer goods market is just really difficult to do. Because to Jason's point the customers are so fickle shares of Wayfair up more than thirty percent on Friday fourth quarter results for.
"kraft heinz" Discussed on WNYC 93.9 FM
"The food giant Kraft Heinz is going through a meltdown its shares plunged nearly thirty percent today to record lows that's because craft Hines reported a big loss slashed its dividend and said the securities and Exchange Commission is investigating its accounting practices. But NPR's Alina Seljuk reports. The biggest surprise was that craft Hines was writing down the value of two marquee brands. Those brands are Oscar Mayer and Kraft Kraft Heinz is writing down their value by fifteen billion dollars. Here's CFO David Cobb on yesterday's earnings call listing the biggest areas where his company's revising expectations. I the crop natural cheese business second Oscar Mayer cold cuts business, and then there are Canada retail business with that Kraft Heinz slash dividend and reported a massive loss. That Wall Street did not see coming. The company has spent years cutting costs, and is now signing many culprits for its four results. Including the cost of supplies and transportation, but do JP Morgan analyst can Goldman. There was a much bigger concern. You took a fifteen billion dollar raking two. Biggest brands crafted Oscar Mayer, literally means the brand equity there, aren't they simply put our craft Hines and all of its brands like jello and Kool aid and Philadelphia cream cheese. Are these classic brands losing their appeal grinds has been trying to Rian vision many of its brands by updating their packaging and recipes three years ago, it even quietly changed the recipe of its classic MAC and cheese to switch to only natural ingredients. Even that prompted late night jokes about crafts reputation for the unnatural. Here's Stephen Colbert, pick up a package of enriched macaroni, product and dried milk fat powder. I expect a certain amount of fake ingredients. Existential question about mainstream brands is actually looming over many conglomerates like Campbell's and Kellogg. These brands used to gain loyalty by dominating TV airwaves, but the internet has changed everything. Now when people shop the often turn to private or store brands to save money, and if they're spending extra he'd better be something special if I can achieve I'll get like. Which is definitely not the cheapest Twenty-three-year-old cure Maloney says she typically shops cheaper generic brands. She says she does by processed food. But when she does she wants options that seem higher quality and Maloney says to her craft Hines does not always signal that.
"kraft heinz" Discussed on Bloomberg Radio New York
"This is a Bloomberg business flash. And I'm Karen Moskow songs are moving higher in Europe along with US stock index futures after a mixed session in Asia. We check the markets every fifteen minutes throughout the trading day on Bloomberg s&p futures up nine and a half points. Dow futures up one hundred two NASDAQ futures up thirty Dax in Germany's up half percent ten year treasury up to thirty seconds yield two point six eight percent. Yield on the two year is at two point five two percents. Nymex crude oil up three tenths percent or seventeen cents to fifty seven thirteen a barrel. Comex gold is down two tenths percent or two dollars ninety cents at thirteen twenty four and ninety an ounce. The euro dollar thirteen forty the yen one ten point eight six that's Bloomberg business flash. Now, here's Michael Barr with more on what's going on around the world. Michael Garron adjudge warned President Trump adviser Roger stone that he will find himself in a federal lockup unless. He stays off social media and stops medicating with the media about his criminal case. Election officials in North Carolina ordered a new vote in the ninth congressional district. It comes after four days of hearings on alleged absentee ballots tampering by a political operative working for Republican candidate Mark Harris in the NBA the nets lost along with the Celtics. The warriors one NHL action. The islanders lost in overtime to the Oilers. The Rangers lost the devils one and along with the capitals global news twenty four hours a day on air tick tock on Twitter, powered by more than twenty seven hundred journalists and analysts in more than one hundred twenty countries. I'm Michael Barr. This is Bloomberg. John, Michael, thank you. We are live for the Bloomberg interactive brokers studios where it is now five forty eight to odd Wall Street, and it's time to check in with Bloomberg opinion our platform, offering at foreign perspectives on a range of global topics at expert, data driven commentary on breaking news, and we're joined live now by Jennifer Ryan, Bloomberg opinion, editor in our London. Bureau. Jen. Good morning to you houses for another decline. Just in the pre market down twenty percent for shares of Kraft Heinz Kraft Heinz financial recipe turning sour they delivered. A triple whammy tell us about it. So we're looking at a fifteen point four billion dollar writedown an SEC subpoena and a cut to the quarterly dividend. So you know, what happened? Well, Tara Chapelle is taking a look at this. And she says that part of this is the old guards at the supermarket. Isles struggling to remain relevant with consumers who are looking for fresher and less processed food. That's a trend that's been around for a while. But the right Dan at craft also might suggest that there's been some underinvestment in the brands that's for the SEC probe. The disclosure doesn't necessarily signal any wrongdoing or the need for significant financial revisions. But Lachapelle is point. Is this does further solid the image of a company that already hasn't been sitting well with some investors. Okay. Was there something wrong with a strategy? Well, let's think about what was the strategy debt driven acquisitions and ruthless cost-cutting. The ideas. Seduce earnings growth and deliver margin..
"kraft heinz" Discussed on CNBC's Fast Money
"In the after hours session. Let's get to Leslie pick for the details. Hey lasts. Hey, melissa. Pretty disappointing quarter for Kraft Heinz missing on both the top and bottom line compared with analysts expectations blaming the profitability. Miss on some inflation costs and commodity price pressures that they faced during the quarter also announcing that they received a subpoena from the securities and Exchange Commission, the SEC in October of twenty eighteen related to some of their accounting practices. They say they've recorded a twenty five million dollar increase to the cost of products sold cogs as an out of period correction as the company determined the amounts were actually immaterial in the fourth quarter. But nonetheless, they say they're implementing certain improvements to their internal controls to mitigate their procedures to prevent something. Like this from happening again, interestingly, they said that some of the on the earnings some of the commodity driven pricing action in the US was due to. The increases in prices for dairy and coffee on the bottom line. They reported eighty four cents adjusted which was about a ten cent. Miss from the street was expecting top line six point eight nine billion dollars compared to six point nine three billion dollars that the street was expecting Melissa. You can see shares down about eleven percent in after hours trading over to you. Yeah, they are sinking. Leslie. Thank you, Leslie picker back at headquarters, and this is going to be in pain for two very big shareholders of craft Hines, and that would be Warren Buffett's Berkshire Hathaway as well as three g the private equity group years as this disaster of stocks disaster since the beginning of two thousand seventeen ninety five dollars stock. I think it was probably making all time higher..
Kraft Heinz, SEC And Melissa discussed on CNBC's Fast Money
"Melissa. Pretty disappointing quarter for Kraft Heinz missing on both the top and bottom line compared with analysts expectations blaming the profitability. Miss on some inflation costs and commodity price pressures that they faced during the quarter also announcing that they received a subpoena from the securities and Exchange Commission, the SEC in October of twenty eighteen related to some of their accounting practices. They say they've recorded a twenty five million dollar increase to the cost of products sold cogs as an out of period correction as the company determined the amounts were actually immaterial in the fourth quarter. But nonetheless, they say they're implementing certain improvements to their internal controls to mitigate their procedures to prevent something. Like this from happening again, interestingly, they said that some of the on the earnings some of the commodity driven pricing action in the US was due to. The increases in prices for dairy and coffee on the bottom line. They reported eighty four cents adjusted which was about a ten cent. Miss from the street was expecting top line six point eight nine billion dollars compared to six point nine three billion dollars that the street was expecting Melissa. You can see shares down about eleven percent in after hours trading
"kraft heinz" Discussed on Motley Fool Money
"Welcome back to Monaco Monte Cristo here in studio with Jason Moser, Matt ARGUS singer and run gross. Couple more radio stations to welcome to the family guys KGB, oh in Missoula, Montana and KMP in east Missoula, we're going to road trip. We're going to South Dakota. We're gonna hit Big Sky country. So first of all there's there's a Missoula and east Missoula it spun. There you go we love to sue. Let's move onto the earnings palooza portion of the show, which is all of the show a bad year for Kraft Heinz just got a little bit worse. Third quarter sales came in lower than expected and shares of Kraft Heinz falling on Friday, Ron and hitting a new fifty two week low. They have really been struggling with the trend towards fresher healthier, more natural foods, it showing up in the numbers. They did manage to kind of eke out an overall revenue increase of one point six percent. But they have higher costs marketing hiring new product costs. Just really are weighing. On that income statement. There are just a debate Di was down sixteen percent in the US, which is obviously very important to them. Just at earnings fell. Six percent. The are guiding us to expect some relief from some of these cost pressures. I think we have to wait to see how that plays out because you have kind of top line weakness. You've got pressure on margins. Never leads to goodness on the bottom line. So we'll have to take this quarter-by-quarter. But I don't see this abating anytime soon. Yeah. And Jason when you look at the stock is doing I don't personally feel any pressure to jump in here. I know it. I don't think I'd ever feel any pressure to jump in there. But correct me if I'm wrong was Berkshire that made a big investment in craft correct? Yeah. See they're probably sitting there thinking, it should listened those guys Molly full money invested in McCormick. Instead because McCormick infringes and Frank's red hot those things are just on fire baby. Yeah. I think the the problem with craft and others is just the the the importance that consumers used to place on those brands and the marketing budgets Comey's craft had can put behind those brands. It's no longer that important anymore in in the what's called the FM CG fast moving consumer goods category. That's kind of got invoke right now. And that's just because I think consumers it's more about officiency and delivery and things like that. And and generic brands and others seem to fit that just fine. They're not really distinguishing between brands anymore. Right. I the Kraft Heinz merger. I think made sense they were able to squeeze out by one point eight billion dollars of costs there. So I think that that made sense. But now now where do you go from here, you you gotta get on the right trends or you're gonna continue to suffer. What was that thing? I just saw the other day like millennials or apparently killing American cheese. Did anybody else see that? No. But it's so makes sense. I swear. A slowing economy is taking its toll on China's biggest ecommerce company Alabama did nearly twelve and a half billion in sales in the second quarter met, but they are lowering expectations for the full fiscal year. Right. I it. That's that's the headline. But I mean, I still look at the results of revenue up fifty four percent in the quarter. You know, fifty six percent increase in the core commerce business. And even though it's still less than ten percent revenue. Ninety percent increase in cloud services. And so you can see the twin pillars that have made. Amazon wouldn't is also working really well for Alibaba. They also added thirty two million mobile monthly active users just in that quarter alone. And as we come accustomed to with Alibaba also generating healthy profits, healthy operating cash flow..
"kraft heinz" Discussed on News Radio 810 WGY
"You have the money that you need to spend over the next year or two safe and sound not invested in the stock market, then let the stock market correct itself. Let it do. What it always does? It will go through that cycle. It'll be crazy to be scary. It'll be down in value. But it always comes back. That's what you have to remember one eight hundred talk of Yuji y one eight hundred eight two five five nine four nine. We have Ed in Clinton park. Hello, Ed, high the question, I have is about a stock Kraft Heinz. What is your opinion on that stock? Yeah. You know hitch in. Oh, well, do you like? Heinz ketchup or hunt's ketchup Kraft is one of those defensive stocks because obviously during good times and bad times. We're always getting a hot dog with some ketchup on. It aren't we? It's been a good company. I we don't own it. And you know, we don't very seldom do we invest in any any individual stocks. But let me see if I can pull up the chart give you an idea. How how it's performed how long have you owned it? Oh, I started with craft. And then when they merged I ended up with a it's not I don't think doing too. Well. Yeah. Well, we'll tell you quick second the Kraft Heinz company this so K H C is the is symbol. And if you look at it, these I always like to compare everything to the S and P five hundred index, you know, that's what stock pickers usually compare themselves to and when you look at at this holding. In a year to date. The s&p is up. Nine percent crap is down twenty five percent. So I guess people aren't buying as many hotdogs, or at least they're not putting is much catch up on hotdogs as they once worse. So take a look at it. Make sure doesn't make up a big part of your portfolio in the second half of the show at L talk more about why individual stocks could be scary. Thanks for the call folks hanging there through the news one eight hundred eight two five five nine four nine and two quick minutes by. Fox News Radio. I'm Karen McHugh. Christine Blasi Ford is accused supreme court nominee. Brad Kavanagh of sexual assault has until two thirty this afternoon to decide if she wants to tell her story to the Senate Judiciary committee recent extension came just a few hours after the attorney for Kavanagh's accuser accused the committee of setting arbitrary and aggressive deadlines and inappropriate quote cavalier treatment of a sexual assault. Survivor who has been doing her best to cooperate with the committee, boxers. Ellison barber still.
"kraft heinz" Discussed on 600 WREC
"Are on the scene of a small plane crash at a. Southern California parking lot, Orange County Fire captains Steve county Aldis says, all five people aboard the twin. Engine aircraft were killed there were some Geico's that were hits that nobody was. Injured on the ground the pilot had declared an emergency before crashing about a mile from. John Wayne international airport the FAA and National Transportation Safety board will investigate The Newseum in Washington has change of heart the Newseum come under fire for selling you are very fake news t-shirts a catchphrase the president's been criticized for, using taking aim at media members some reporters. Complain they couldn't understand, why the Newseum would sell. Them but now the museum is, saying it's removed the shirt sending out an apologetic. News release saying a free press is an essential part of our democracy and journalists are not the enemy. Of the people those shirts may be. Gone but the Newseum website is still selling another item closely associated with President Trump make America great again hats in Washington Jill NATO Fox News Kraft Heinz is giving. Its business and environmental, makeover Kraft Heinz company says its aim is, to make its packaging one hundred. Percent recyclable reusable or Compostable by twenty five it's part of Kraft Heinz brand. Strategy called growing a better world which was announced last year the company will also work. To decrease the overall amount of packaging used and Reduce its greenhouse gas emissions, craft Heinz says it's making a good start and. Recently exceeded its goal of reducing packaging weight. By, fifty thousand metric, tonnes Tanya, j powers, Fox, News tropical storm Ileana form today in the, Pacific. Ocean off southern Mexico but it does not pose any. Immediate threat to land farther out in the Pacific hurricane. Hector strengthened again into, a category four storm with winds of one hundred thirty miles per hour. Hector also posing no immediately.
"kraft heinz" Discussed on Stansberry Investor Hour
"Many companies that appear cheap like kraft heinz general mills at and t and walgreens but i'm concerned about debt levels is there a metric or ratio than everyday investor can use to make intelligent decisions about whether a company has a safe amount of debt thanks for your time love what you do brandon you know that is a fantastic question and i i really hesitate to give an answer because as soon as i give an answer there will be seventeen snotty listeners who write back and say but what about x or what about why what about z so let me at least preface this by saying that every situation is different and it's it's impossible to give sensible one case fits all example so let me give you the principal i so the principle is the more secure the business the higher the operating margins the more entrenched the business the bigger the moat than the larger amount of debt it can safely employ think about a company like coca cola for example cocacola typically has negative net equity they're typically employing more debt than they're using equity capital why well because they have one of the world's greatest brands and they sell syrup they don't they don't have to do most of the bottling or any of that kind of stuff that takes a lot of capital so they have a very high return on net capital which is a great thing to be as a as a as a business i mean it's that's the highest level quality business you can have so it wouldn't make sense in my mind to run a business coke with no debt this wouldn't make any sense at all but let's think about a business that's not coke let's think about a business that say invidia the chip business in videos booming people using its chips to make bitcoin miners and they're using its ships to make video game players and they're going to be using these chips to make cars drive themselves i mean this is a very high tech complicated business but there's no.
"kraft heinz" Discussed on Bloomberg Radio New York
"Sort of a brand that probably its hay day is behind it and hear these guys from kraft heinz now suddenly facing sort of looking the package foodindustry squarely in the face and say we have to sell more food it's it's like three g all the necessary omega a piece of this is what i bought it by a company that makes hot dogs it's not just about finding other company to merge it with that's right that's right and again the stock is price based on their ability to do deals but now all of a sudden they're looking at and you know look in the story we talk a lot about all the investments dave made and that's what they're trying to do here they brought us to end to say hey you know we're not just financial engineers like that's totally wrong the way people look at we're not just there to cut costs we can sell stuff that's interesting and you make a point in a story that they kind of invited you and they wanted to come in and tell us store yes absolutely under percent know i think they realized with what happened with unilever that they did have a reputation problem and more importantly at the reputation palm is now getting in the way of their ability to do business their business is buying other companies i mean just think about the reaction we've had the us with president trump and bluecollar jobs i mean hypothetically let's say three g wants to buy general mills that's gonna be thousands of us workers out on the street so did they think that there's a political risk now that we're going to deal with this administration is going to prevent our ability to buy more company so this is them definitely saying hey you know you guys have it wrong the media has it wrong sort of i don't think wall street has around wall street kinda liked what they do all street doesn't have an issue with this it's sort of classic private equity model and some senses but they're saying you know you guys get us wrong you're you're sort of always same where these nasty costcutters and we're henchmen and all this stuff and you know no no that's not true.