coca-cola is $80 billion around the world. it's a i great example of everyone's voices equal on the internet. >> you don't want to play around with $80 billion do you? is there a case that it's cheaper for coca-cola to change the ingredient than not to listen basically? >> certainly that's true. when you look at the size of coca-cola, we value in best global brands. $80 billion, you don't play with that. this is the opportunity of growth on the upside. you've got to measure carefully so that you don't erode brand value. brands at the end of the day are about trust. this is one of the opportunities for coca-cola to perhaps get on the right side of this story and move quickly to satisfy a customer that's created this movement. >> i guess that's part of the key i imagine this this world. it's about getting it right. the big corporate, if they listen and can take this negative, and then i guess turn it into a positive. >> it's an opportunity and a challenge. we can see organizations that move more slowly or organizations that aren

startingspire on the heels of the coca-cola freestyle machines. coca-cola is introducing new smaller dispensers meant for places like office rate rooms. interview, -- in my exclusive interview, indra nooyi was optimistic. accepting it is just the beginning of major growth. -- >> is just the beginning of major growth. what we have done with all of our new innovation in food service, and what they are tested with consumers is creating so much excitement, betty, that i think n.l. asked -- i think in the next five years food service will be one of the greatest growth opportunities. >> and it sounds like it is already. more from the other guys, presidentann and vice of the coca-cola freestyle machines. i have seen the machines around. they look really cool. some of the analysts we have talked to say look, they have not proven they really drive traffic into the restaurants where they are. how do you prove that? correct hey, -- >> hey, betty. thank you for having us. we are excited to be launching three new platforms. our customers told us they want the

this is a commercial decision by coca-cola. there was one case in america of a patient who had been drinking up to four liters a day over weeks and months. >> two big bottles. >> yes. every day, large amounts. he ran into trouble. he started having neurological problems, nerve problems, eyelid droop, weak muscles. doctors looked at his blood profile and he seemed to have too much of this element. >> so it's being removed. there's a problem in the european union any way. what is the coca-cola company doing? >> in the eu they're telling do not put this in drinks. in the u.s., they say you can put it in but set limits on how much. many say this is a safe product. >> has research been done on smaller amounts of use? >> yes. it's been in drinks for years. lots of us drink these drinks. >> talk about the chemical from the products last year. >> they promised to remove it from everything. it's more of a commercial thing. >> because it's so damaging? >> exactly. >> and why is it taking coca-cola this long in order to act? we've known a

and unfortunately when it happened at coca-cola you know, i think warren has tried. and i think he will try more. but there is more work to do. and you know i think his heart and his wallet and his mind are in the right place. >> so you have been a long-time berkshire shareholder. and berkshire stock over the past couple of years has not been doing as well as the broader market, how do you feel about that? >> well, berkshire hathaway has been a great american success story, and the returns in the future and in the immediate path cannot be as good, just mathematically as they have been going back 20, 30 years. >> david, were you surprised when you heard that buffet advised his wife to put most of her money in an s&p index fund, how did you feel about that? is that good advice? >> well, i think really what it is, it is an acknowledgment, you know, a public acknowledgment, which is the right way to do it. and i think very open on buffet's part that the returns in the future can't be as good as just -- being an index invest. and so i think that unfortunately, the past is

because we love coca-cola. but we think that the plan, and we're delighted, delighted, that buffett agrees it is excessive. >> he didn't agree with your math, though. i think you said 14% or 16% dilution. he thinks it's much closer to coca-cola. 1%, maybe 2%, 4%, 5%. have you rethought the math. >> it comes from the coca-cola document. you go page 86 and page 8 of the 10k. you can through the it any way you want. the plan is not in the shareholders's best interest. >> you lost the vote but you may be getting your way anyway. coca-cola could very likely take and dole these out over a much longer period of time. was that enough for you? >> well, in fact, the shareholders who voted, if you take out the broker nonvotes and the extensions, which buffett did, they didn't get 50%. >> they give you 50% of the shares outstanding. >> so basically there's no mandate. we think this whole thing has to be looked at. as more disclosure has come, including your superb interview over 10 days ago there have been more questions t

let's start with coca-cola. slapped down by warren buffett's abstention on a vote that he considered too generous. ken tempered the plan after this, but buffett made it clear that there's no way he wanted kent gone. he's too good. i think that's why he didn't vote outright no on the plan. coke reported a knockout quarter. even though the company only delivered in line earnings, did manage to produce revenue growth of 4%. in part thanks to the strength overseas thanks to brazil, russia, india and china. coke saw improvement in carbonated soft drink pricing here in the u.s., which only expected to go higher going forward. what else? coca-cola generates mass amounts of cash and terrific at managing that cash. reinvesting it in the business to fuel growth, making smart acquisitions and joint ventures like their stake in keurig. after this run by dr. pepper. dr. pepper's yield's only 2.9% versus this very solid international grower. finally, there's pepsico, my favorite player in the group. not only does it have a te

it's not specific to coca-cola. that's one reason i didn't want to come out and look like i was coming down hard on them. but their plan -- which, incidentally, can be modified by them. i mean, all that happened on this vote was to authorize the stock. the period over which it'll be dispensed is up to the coca-cola company. cheryl: okay. we're going to have, of course, a lot more coming up from liz. we are now just about 36 minutes away from the close and, again, the superstar interviews that she's been doing out in omaha, many more highlights to come. we're going to be talking tech with warn buffett and with microsoft founder bill gates. you've got to ask him that, right? and also we're going to be covering something else. u.s. attorney general eric holder says the banks are not too big to jail. you might think holder's only thinking about a couple of major european banks, but charlie gasparino's got exclusive details of a big u.s. bank that could be in his crosshairs as well. be right back. ♪ ♪ my dad has aor

mexico's coca-cola franchise declined our request. but the soft drink companies are not the only culprits in the obesity problem. the amount of shug are in these drinks? >> maybe it's the amount of sugar, but it's the only energy that they consume. they eat or they drink. so no problem. and if they exercise, no problem at all. it's very expensive to buy fruit, to buy vegetables. so they are only eating fried food. >> reporter: with 50% of mexicans living below the poverty line, cost is critical. doesn't it just make it more expensive for the people who can't afford to buy anything else? >> the taxes are only taxing high calorie foods and sugary drinks. all the foods and drinks available that are taxed. >> reporter: perhaps easier said than done especially in a country where locals even shy away from the tap water often leaving bottled drinks as the only option. back at home, diana from zumba class has heard the governments a message loud and clear. she's changed her eating habits over the past year. the children eat rice, tomatoes, pe

mford --i know you cover both coca-cola and pepsico. we just wrapped up our exclusive interview with pepsico ceo indra nooyi. she said, look, if you are going to design a beverage and snack food company, pepsico will be the company. comeaid the two sides together, they pair together just like peanut butter and jelly. in fact, i want to play for you what she said about the power of one strategy. isthe pairing of these two just like peta butter and jelly, as we always say. they just go together. are creating a food and beverage per folio and a convenient space, you will be greeting a pepsico and i say it without a doubt. >> are investors convinced of that? thisey have been pushing message very hard, and they seem absolutely committed to it, not only in the u.s. but internationally as well. as you know, nelson peltz said really power of one is more talk than actually do and he says because of the fact that they have lagged peers when it comes to some of these products, he says that as evidence that power of one really isn't the benefit as

coca-cola has 2.4. according to one benchmark, coke has rapidly generated more followers than pepsico. they have a lot of work ahead of them. >> betty liu, our in the loop anchor inside pepsico. thanks so much. one of the most highly anticipated tech ipos of the year may be delayed. that is still ahead on "bloomberg west." you can watch a streaming on your phone, tablet, bloomberg.com, apple tv and amazon parity be. -- amazon fire tv. ♪ >> is 26 minutes past the hour. bloomberg tv is on the markets. let's get you caught up with where the markets are trading. markets are swinging between gains and losses today. high.w near a record --panies have reported today a rise in americans filing for unemployment cost most economists offguard. ♪ >> you're watching "bloomberg west." i'm emily chang. ipois holding off on an until at least june because of the downtrend in the tech stock. it's march 24 ipo minted could've have gone public as early as last month. leslie is in new york. tell us what you know about t

i want to talk about coca-cola for one second. we had news this morning. we should probably bring it up at some point. dave winters sent a new letter to coca-cola in light of what has happened, "the wall street journal" reporting that coca-cola revamped its compensation programment he is raising questions about coming on air and said that he had talked to muktar. now he is saying, okay, those happened writer prao i to vote. did they go back and actually tell them of these things. he said we would like to know whether mr. muhtar kent or mr. howard buffet on the equity lane. did he speak with any other coca-cola directors regarding that plan and if so when. do they have to? how does this work? what should shareholders think of this? >> should ask that seriously of a lawyer. my educated guess, or semi educated guess would be no, it's not a requirement to do so. >> right. >> one would think it would be a good thing to do. but i'm not sure we're ever going to know those facts. >> we keep hearing a lot of deals in the headlines almost every day these days. >> an

it's going to be more aggressive >> that came from a top level executive if coca-cola. >> yes. and the asian population is at risk. >> thank you. we also have allen lou from the staff and others. >> next speaker. >> good morning supervisors i'm allen with the commission staff. the commissioners are in school and can't give comments on the regular school meeting the youth commission unanimously voted to support the tax on sugary products they discussed the health burdens faced by the low income community by the dental issues caused by the sugary beverages they explored other things and they also felt those drinks need to also be discussed. and those drinks are popular among the asian communities. the sugary disadvantage is having consequences like diabetes and the youth commission fully supports the tax that curves the consumption of sugary beverages and helps with the food innovation program in schools. as set forth for healthy beverages >> thank you, mr. lou. >> next speaker >> (speaking foreign language.) >> thank you. i've been in san francisco in america for the past 10 yea

well, i don't really want to embarrass coca-cola company. i mean, i like the people and everything, but i think we have some people that, i don't know if they would use the word embarass, but they would frefr that i didn't do it. i guess i used to have word before 2009, so i was not looking to embarrass him and was certainly looking to re-examine it because they are in a great position to re-examine it as they have not used a share in this authorization yet. even though they said in the proxy statement they expect to use it over four years. but they generally issue their options in either january or february. so they have a lot of time to think about what is best and they are, the one thing i can guarantee you, they are decent high-grade people. and i think they will do what is right, but i don't believe the best way to do that is to go to war with them. >> warren, if i could ask just quickly, you said in the past there have been dealing that you've shot deal down and fi mirs thought is to this. >> there was a meeting hastily called in new y

coca-cola, red bull. >> thank you so much. really appreciate it. vivaldi.er and ceo of the inconvenient truth about sugar is coming up. calling it the tobacco of the 21st century. is it really that bad for you? we will go behind the scenes on that story. we are less than 10 minutes away from the april jobs report. our survey says the economy added 218,000 jobs. the jobless rate likely ticked down to 6.6%. ♪ >> you are watching "in the loop ." live on bloomberg television and streaming on your phone and bloomberg television. it is time for the big number. days you haveny to live in boston to become a cop or a firefighter if a new law is passed. down one to cut newcomers taking coveted city jobs. massachusetts law rants residency preference to those who have lived in the state for at least one year. locals are getting upset over dwindling number of police and firefighting jobs. bloomberg television is on the markets. olivia sterns is watching trading just ahead of the jobs report. >> futures are a little bit higher right now. they are pretty much f

he clearly wanted to support the management of coca-cola, nobody is better to run the company and he feels that way. he could tell you that, not me. when you support the management and the lead in the company and the ceo, you are careful about what you do. he made a decision where he felt most comfortable and that is his business. liz: coming together for the berkshire hathaway shareholder meeting what is it like to be able to do that? >> my brother is show up and i don't see some that often. i love that. of somebody asks me the other day how often are you in the same place? i started to think about it and hardly ever. >> certainly not all three of us. >> so i like it. making some progress. >> it is a busy weekend. liz: at least you always make time to see each other. do you fall into the old family roles? your nickname was hell raiser. >> i am very quiet and patience. i don't understand that. we do everything susie says. liz: you are the baby princess peter: you are daddy's girl obviously. >> i am the girl. >> exactly. liz: you are the youngest, the easy-going musician. >> exactly.

coca-cola is up about two-thirds of a percent. to $41.09. all right, let's talk about the markets here because, again, we're telling you that the rally is great to look at, but when you really dig down beneath the skin of it, it's a very thin rally. what will it take for the markets to show some real conviction? with volume a little bit stronger? let's get right to the floor show, bring in our traders from the new york stock exchange, cme group and the nymex. teddy weisberg, does the lack of volume worry you, or is this the new normal? >> we haven't had volume really on the upside for almost four or five years, liz. i think the market has broken out of a trading pattern which goes back to december 31st of 2013. and the market's going to go higher. liz: oh, okay. teddy says the market's going to go higher. we've been talking about the fact there's some real tailwinds pushing this market along. what could you see derailing this? >> well, a couple of weeks ago we had all that deterioration particularly in the tech sector, and the market interna

warren buffett's biggest investment is coca-cola. big loser on his balance sheet, and if he were to buy this, it would just be another big loser. coke has actually gone down for the past 20 years. >> i wouldn't exactly be calling warren buffett a loser and what he's done over the course of his life time being a loser strategy. >> i didn't call buffet a loser. >> certainly someone who monksful ofs like i do professionally understands that not everything in your portfolio is going to perform immediately, all right? and over periods of time, some companies will perform better. >> you know, look, coca-cola is warren buffett's single largest investment, and it has gone down in value for the past ten years, maybe even the past 20 years. i mean, come on. i feel sorry for the kellogg's shareholders if he were to buy this stock from them, all right? >> all right. >> gentleman, we've got to go. made compelling cases on both sides. thanks for your insights. warren buffett and kellogg. >> mark, by the way, had also called berkshire a conglomerat

la empresa coca cola anuncia retiro de una bebida deportiva. les diremos por quÉ. ♪ y yo pensé que sabía de manchas, hasta que él conoció a su novia colombiana. y yo las manchas de ajíaco. la mancha ya la quité. y ahora gracias al amigo peruano de mi hija, conocí las manchas de salsa huancaína. y para manchas nuevas, detergente nuevo. el nuevo tide ultra stain release tiene una tapita quitamanchas que ayuda a quitar casi todas las manchas. barbecue sauce -- estas me las trae mi hijo el menor cada vez que va a comer a casa de kathy, la vecina. no son novios, no. [ locutora ] nuevo detergente 2 en 1, tide ultra stain release. ipor fin! después de tanto decirle, logro que mi mamá comprara la pasta de dientes crest. ahora todos en casa sonreímos mucho más. y yo no me olvido de cepillarme los dientes porque me encanta su sabor y me deja la boca muy fresquita. [ locutora ] descubre la protección de crest contra caries, mal aliento y sarro. pero no crean que todo es tan fácil de cambiar por acá, ¿eh? ♪ aún me faltan unas cuantas

andic brands like coca-cola waltons crisps, good marketeers will recognize that and be able to bring it to the four. >> and don't change it. we do the same thing, the same way. >> that is an interesting point. on the one hand, you have a product that has so much nostalgia and people love it, and on the other hand, there is pressure to innovate and keep the product fresh and keep people interested. how do you balance those two? coming out with nutmeg cinnamon flavored chocolates and keeping the original? to thecan compare that biggest. -- the samebiggest now as it was years ago. it has a simple portfolio. >> coca-cola's sense of magic comes from keeping itself culturally fresh and being relevant to things like this year's world cup music to young people. the challenge you have is when things shift toward the content of the product itself and dietary issues. coca-cola is the biggest brand, therefore gets the most black. >> if i give you -- flack. >> if i give you all of the ingredients for nutella, could you come up with an identical nutella? >> no. >> why not? >> if i give you all a c

> > yeah absolutely look at names like coca-cola certainly a warren buffet favorite. this stock is kind of languish, underperforming the s&p over the past couple of years. it's got a nice dividend yield on it approaching 3%. also some solid growth, certainly not that spectacular growth that a lot of people are paying too much for, but a name like coca-cola is about as all-american as you can get both on the yield front and on a solid growth front as well. > > what about another consumer discretionary stock, tim? > > another name would be procter & gamble. the stock has come down as well here. it certainly makes a multitude of household names everyone's familiar with, again combines some pretty steady growth here which i think will probably be rewarded over the next year or so along with the solid dividend yield. so i kind of like that sector of the market that has that 2 1/2 to 3% yield, along with solid if not spectacular growth and a way to kinda hunker down here in america. > > would you buy u.s. auto makers? > > well gm is one that eventually will probably be one

. >>> coming up, coca-cola and pepsico make moves to get rid of a flame retardant in drinks. we'll tell you about that. >>> google takes on amazon in a same day delivery wars. details from cnbc are just ahead. >>> welcome back, everybody. ukraine is sending forces to the southern port of odessa to keep it from being lost to russia. at least 46 people have been killed since last friday when clashes broke out with pro russian forces. >>> meanwhile, there are reports of at least 30 pro russian separatists and four ukrainians killed in fighting today. >>> the world health organization declared the spread of polio an international health emergency. officials say pakistan, syria and cameroon have recently allowed the paralyzing virus to spread to several fragile countries. >>> listen to this, pepsico is joining coca-cola in working to remove brominated vegetable oil from its drinks. it was taken out of gatorade last year. >>> at a white house event marking the mexican holiday sink yes de cinco de mayo, president obama said they should overhaul immigration laws. residents marked the

the guys on the floor, coca-cola increasing the stake here. the stock is jumping on this news of their uping mistake to 16% from 10%, and brings shares to 26 million shares. why are they doing that, why is cut investing so much? because they really believe that they are seeing substantial growth potential for this company and that is why they continue to increase purchases. coffee. stuart: i could use a little, why not? bring it on. the dow is up 9 points. barely in record territory. never mind economic growth, the government is raking in your tax money. $1.74 trillion from last october to this april. that is an extra $132 billion compared to the same period last year. and the fiscal year isn't over. steven morris chief economist of the heritage foundation. how did this happen in a weak economy? >> first of all remember during the recession federal revenues fell by 30% to 35% so we are making up for lost ground. federal revenues to they are barely above where they were in 2007 before the recession hit. they started to climb above that level so

--la coca cola y gatorade no estan en la lista de bebidas que contienen este ingrediente. stop open cesar --mucha atencion porque las personas que se excedan en el uso del agua seran penalizadas con aumento en el precio de sus facturas... take vo --asi lo dio a conocer hoy la empresa de acueducto del condado de alameda. --los residentes pagan 3 dolares con 37 centavos por cada unidad que equivale a 780 galones de agua. take fs --pero si sobrepasan las 16 unidades, su pago aumentara a 5 dolares con 31 centavos por unidad. --y si usan las 30 unidades o mas, su recibo incrementaria a 6 dolares con 30 centavos por unidad. stop open add lib blanca ---inicio de semana.. cesar ---regresa el frio.. y la lluvia? javier. take pkg pkg cesar ---pausa comercial pero al volver, take vo ---sabe usted cuanto cuesta una fiesta de quince aÑos? algunos padres aseguran que les cost tanto que terminaron en la quiebra.. no se pierda un reportaje especial.. take juanfra live segment ends end segment blanca ---muchos padres deciden gastar miles de dolares en la tradicional fiesta de quince aÑos

bottles water company crystal gyser bought coca-cola's plant. they declined our request for an interview, at this meeting in late march, some demanded an environmental impact report. the company told them they will only use 1 third of the water that danon was using. restarting the plant and adding as many as 60 jobs will be a plus for the city and there is plenty of water. >> that has a lot of water coming through it. crystal gyser is planning to use 1 or 2%. >> they are digging in. >> the crime of it is, they are taking pure, fresh, clean water that nobody even gets to taste anymore because it is all treated, this is real water. >> so far the county says they do not need an ir because the plant will be operated just as it was by danon and coca-cola. the neighbors don't buy it. >> the county and the company interpret the way they want it to but i think an objective reading of the law really mandates that this is a different project and requires an environmental impact report. >> reporter: they are probably in for a fight my think we can balance

two, with the world cup coca-cola coming, and the proprietary coca-cola partnership for every world cup match that a billion viewers will see in every country, every continent. >> you know, we also have the fact that walmart is moving into less traditional and more niche areas. in which we saw that in the whole food reports earlier this week. walmart is offering more organic, more locally grown and that is really taking the steam out of some of the niche players in the food business. >> so great point, when you look at whole foods down 20% in a day. sprouts, fresh market down 20% or more. 40% for the year with walmart going shell stable, with wild oats brand bringing it in for natural organic and the fresh that you referenced, advantage walmart, disadvantage to the organic and fresh retailers. >> let's get to two retailers that had their share of troubles, quickly, j.c. penny and sears, how will pennies do when they come out with their numbers and will sears survive? >> they may not survive, because they wouldn't get a big enough number for sears canada, home was a difficult area for ma

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there is nothing as global as coca-cola in the world. >> a $67-billion empire... sold in 206 countries... enjoyed in every house... and we mean every house. found in the most remote corners of the globe, melissa lee reports on the brand with a buzz. >> there was a wee bit of cocaine in the original coca-cola. >> and it's more than just coke. >> zico is 100% pure coconut water. >> 500 different brands to

. >>> coming up, coca-cola and pepsi co. work to get rid of the flame retardant in their drinks. ♪ [ girl ] my mom, she makes underwater fans that are powered by the moon. ♪ she can print amazing things, right from her computer. [ whirring ] [ train whistle blows ] she makes trains that are friends with trees. ♪ my mom works at ge. ♪ ♪ my mom works at ge. (vo) oh. my. . finally. (announcer) all-new friskies saucesations. a taste experience like no other. in cheesy, creamy, homestyle, or garden sauce. friskies. feed the senses. the was a truly amazing day. without angie's list, i don't know if we could have found all the services we needed for our riley. for over 18 years we've helped people take care of the things that matter most. join today at angieslist.com man: yeah, scott. i was just about to use the uh... scott: that's a bunch of ground-up paper, lad! scotts ez seed uses the finest seed, fertilizer, and natural mulch that holds water so you can grow grass anywhere! seed your lawn. seed it! >>> now to some dev

the controversial ingredient coca-cola did now removing from a popular sports drink. >>> an air show disaster. a plane goes down in front of a large crowd. what might have contributed to that crash. >>> plus, post-fight chaos. fans crushed following a boxing match. what caused people to panic causing that stampede. ( cheering ) ( grunts ) ( buzzer sounds ) now they're beating us on the boards out there, guys. this is your territory, grimson. do your job. grimson. hello? hi, honey. what? now? all right. ♪ the itsy-bitsy spider - ♪ climbed up the water spout... ♪ - ( giggling ) ♪ down came the rain ♪ and washed the spider out ♪ ♪ out came the sun... - shh. - ♪ and dried up all the rain ♪ ♪ and the itsy-bitsy spider - ♪ climbed up the spout again. ♪ - ( rock music playing ) i love you, daddy. i love you too, sweetheart. - ( laughing ) - ♪ do you believe in magic ♪ ♪ in a young girl's heart? - ♪ how the music can free her... ♪ - hey, it's my girl. ♪ whenever it starts? - ♪ and it's magic... - you know, my daughter? ( announcer speaks ) a message from

coca-cola says it's safe and all beverages are safe and they always have been safe is what coca-cola keeps stressing. they comply with regulations in countries where they are sold. >> why the change? coke didn't wake up this morning and said let's get rid of bvo. >> in 2012, a young woman started a petition because she wanted powerade to take it out of that drink. that was her favorite drink. she wanted gatorade to rid itself of it. powerade is owned by coke. a couple hundred thousand people saying why is there something that is patented as flame retardant in something i'm drinking? is it bad for you? coke says no. a lot of science groups say there's a reason it's not allowed in other countries. mayo clinic on its website links bvo to memory loss and skin issues. think about people drinking the same flavored drink. some people do drink a lot of this stuff. >> it makes me wonder if it's been in coke products, what other products could it be in that we're consuming? >> it's in a lot of different products and a lot of different products we touch. when you talk to chemical activists conc

sweeteners, which i don't believe there are any issues, but people are just concerned. >> now rival coca-cola has its freestyle machine. what you're looking a is the first look at what it unveiled this weekend, that is the countertop version of the freestyle. coke says all right about 20,000 machines on the market at burger king and others. now pepsi is hoping to make a dent in that with the sleek design and new flavors. this is the old-school soda wars, but this time, sue, it is the soda founding wars. >> it looks really cool. i can't wait to try it. >> it sort of looks like an apple product. >> it reminds me a lot of that. >> appreciate it, sarah. >> sure. >>> there's more damning news coming out on general motors regarding who knew what and when they knew it in connection with the company as massive recall. the stock is down some 5% in three months. phil lebeau has more. >> hi, sue. what we're talking about is gm's internal investigation. they are moving towards the end of that investigation, and increasingly we're hearing that the focus of this investigation is on higher-up executives and

i don't see coca-cola changing their package. i don't think it's been effective. interestingly, warren said -- it was mentioned on tv this morning, something about that the only way to fight these guys is to embarrass them. buffet said that in '09. we sort of agree on that. what i'm complaining about is it should be -- not coming from buffet -- don't stand up to these guys. i would also say that i don't agree with, you know -- i really li like -- i thought russ sorkin was right on to mention what he did today. we are not a disturbance to these boards. we go on these boar boards -- obviously the boards don't like the fact we criticize them. some of the boards don't like the fact we criticize twhat the ceo does. and we get on and get a hell of a lot done. look at morris. i read you a letter i didn't ask them to write. i i fought with them quite a bit at the beginning and morris has gone from 37 to close to 95 or something like that. unsolicited he wrote a letter when i was doing the ebay fight whatever you want to call it. he wrote to them, said writing to donaghy,

coca-cola bought 16% of this house of cards. coca-cola had real value. perhaps coca-cola had many more divisions. that's why -- that's what i fear happens if you blindly follow gurus. you might have sold a shorter stock because another billionaire hedge fund manager says he doesn't like it even if the negative view is trumped by events. could his view be trumped by events? could it become a moment to try to make money again? he owes us no duty to do so. so he's too good to ignore. don't stop looking for value. believe me, he's still looking for value and what happened ifs the market gets hammered more and he changes his mind and gets ultra long. i don't want to be betting against him when he does. stick with cramer. >>> two companies that have done nothing of late reported really good numbers. first scisco. u.s. growth was quite extraordinary. and then after the be bell nordstrom reported. we sat down with the president of nordstrom not long ago in seattle and he said it is time. it sure is time. they also have that terrific, terrific close out business

and we did it without going to war, and think it's a statement that got heard by coca-cola. i've had good discussions before the vote actually with muhtar. i admire the corporation enormously, i think they're terrific, i just happen to disagree on this. liz: what would coca-cola compensation packages really look like if coke were fully owned by berkshire hathaway? >> they'd be a lot different. and we've written about our compensation packages. we pay very well for performance. gerri: veronica, big controversy right now. we were talking earlier in the show about the target ceo getting walking-away money of maybe $55 million. is ceo pay out of control, and should warren buffett be more public about his condemnation of it? >> you know, when warren talks, everyone listens, including coke. you know, i think there's a lot of invest ors who are outraged, a lot of people who work for those companies are also outraged saying this is so disproportionate to what the average working man is making. however, there's people who'll say, you know, these ceos have a lot of responsibility, the

we asked him one more time about the math. >> the math basically comes from the coca-cola document. you go to page 86, page 66 of the 106789-k, and you can slice and dice this however you want, but at the end of the day, the plan is excessive and not in the shareholders' best interests. >> here's what coca-cola has to say. they say that the company routinely interacts with shareholders to receive feedback on any matters. we do not share specific details of those interactions. shareholders of the company voted strongly in favor of the plan with 83% of the votes cast supporting the plan, as has been our consistent practice. we will continue to seek input. while cola got the 83% of the shares. they got less of the majority, because so many were abstained. this is an ongoing conversation, i'm sure we'll hear more about it tomorrow when the shareholder meegts takes place here. back to you. >> thank you very much. >>> well, coming up, do you know bethenny modda? your teenage killed probably does. neat the sensation taking over the facts and retail world by storm. she's got about 6 million

he wins the coca-cola 600, nascar's longest race of the season. he made team usa's roster and sint play tonight. stevenson with a free kick in the box. he added another goal on the penalty kick. landon donovan left off the world cup roster and controversy around that decision. so he goes out to scores two goals for the galaxy and is the all time goal scorer as they win it 4-1. he holds the mls playoff record about 22 goals. and i will be back. >> thank you, shu. >>> still to come, the new details we are learning about the deadly rampage in santa barbara and the chilling plans in the manifesto. hundreds evacuated as a wildfire gross out -- grows out of control. and they can your lottery at kaiser permanente we've reduced serious heart attacks ♪ by 62%, which makes days with grandpa jack 100% more possible. join us at kp.org and thrive. i'm ama dates. in tonight's headlines, a chp officer had two broken legs and is recovering after a driver hit him and his car during a traffic stop. it happened on the 101 near santa rosa. officers say the man who

coca-cola has 2.4 million followers. according to one benchmark, coke has rapidly generated more followers. they have a lot of work ahead of them. pepsico.chor inside thank you. one of the most highly anticipated tech ipos may be delayed. on "bloomberg west." you can watch a streaming on your phone, apple tv. >> it is time now for "on the markets." this comes a day after the dow closed at a new record high. the nasdaq was the best performer in today's session. the four higher for past consecutive days. >> you are watching bloomberg west. i am emily chang. the march 24 ipo means it could have gone earlier. know about what has been happening behind the scenes. >> they are looking at the market and saying that we could have gone public this month, but why not wait until the markets are more stable. iposve seen a lot of the perform down. it helps their case to wake until the market stabilizes. what if the markets aren't stable? that is the risk. it all depends on what a company needs to go public for. it could be beneficial

coca-cola is doubling down on keurig coffee brewers. >> pfizer, the drug giant, is to consider sweeney it's $102 billion bid to buy the u.k. drugmaker astrazeneca. this is a showdown between two big pharmaceutical companies as well as politicians here and in europe. at issue is whether pfizer will cut jobs if it buys astrazeneca. ande is shannon pettypiece brozak.ozac -- as part of the wrangling that is going on, how much of this is about national pride and how much is this about dollars and cents? rex the u.k. elected officials, members of parliament and the prime minister are concerned about losing research and they should be. if history repeats itself in anyway of what has happened in past deals. pfizer has cut 70,000 jobs since 2000. like a small city. it is a good-sized city. they've closed more than seven research labs and they -- if the deal goes through there is all indications that will happen again with research centers and jobs in the u.k.. the u.k.'s government concern does seem to be legitimate and i think that is what the concern is about. youom a strategic mind of from p

there is nothing as global as coca-cola in the world. >> a $67-billion empire... sold in 206 countries... enjoyed in every house... and we mean every house. found in the most remote corners of the globe, melissa lee reports on the brand with a buzz. >> there was a wee bit of cocaine in the original coca-cola. >> and it's more than just coke. >> zico is 100% pure coconut water. >> 500 different brand

and coca-cola is getting more into coffee. coke is raising its stake in green mountain. 10% stake three months ago, and driving -- are trying to make a system for making singleserve beverages. quickly may be on the verge of an yet another deal that would shape the talk communications industry. at&t as poised to buy direct tv for about $50 billion. we broke the story, and alex is with us now. we have known that at&t was hoping around and interested in direct tv.indirec what changed? >> it seems as though at&t is committed now to not only getting into the satellite-tv business, but buying directv the mindset of dish, i think comes as a surprise to some people who assumed that if atg were to take the leap into the satellite-tv business, they would go with dish because this has wireless. wireless spectrum was the big asset that they wanted a few years ago because the more wireless you have you can build out your lte network. caseis seems like a good to buy dish, so why directv? >> exactly. at&t must value certain aspects of dreck

coca-cola is doubling down on the maker of keurig coffee brewers. >> pfizer, the drug giant, is to consider its $102 billion bid to buy the u.k. drugmaker astrazeneca. this is a showdown between two big pharmaceutical companies as well as politicians here and in europe. that issue is whether pfizer will cut jobs if it buys astrazeneca. here is shannon pettypiece and steve brozak. as part of the wrangling that is going on, how much of this is about national pride and how much is this about dollars and cents? >> the u.k. elected officials, members of parliament and the prime minister are concerned about losing research jobs and they should be. if history repeats itself in any way of what has happened in past deals. pfizer has cut 70,000 jobs since 2000. that is like a small city. it is a good-sized city. they've closed more than seven research labs and they -- if the deal goes through there is all indications that will happen again with research centers and jobs in the u.k. the u.k.'s government concern does seem to be legitimate and i think that is what the concern is about. >> from a strate

. >> and controversy over coca-cola's executive pay plan. a topic coming up and becky has already caught up with the key players in this saga so, becky, what can you tell us here? >> there are 38,000 shareholders for berkshire hathaway that are expected right here for berk shower's annual meeting. plenty to talk about before they all arrive. part of that is for the people who are arriving already, including david winters of winter green advisers. david has been in the news a lot lately because he's a long-term coca-cola shareholder and also happens to be a long-term berkshire hathaway share holder who has been coming here for 24 years, but he's been in the news lately because of his movement to try and vote against a vote that coca-cola put to its shareholder. thought that the equity plan was too excessive. winters lost the vote, but he's not ready to give up the fight just yet. >> the idea that, you know, warren buffett, the most famous revered investor in the world would say to a company, look, i really don't like this, and the company wou

he wins the coca-cola 600, nascar's longest race of the season. he made team usa's roster and sint play tonight. stevenson with a free kick in the box. he added another goal on the penalty kick. landon donovan left off the world cup roster and controversy around that decision. so he goes out to scores two goals for the galaxy and is the all time goal scorer as they win it 4-1. he holds the mls playoff record about 22 goals. and i will be back. >> thank you, shu. >>> still to come, the new details we are learning about the deadly rampage in santa barbara and the chilling plans in the manifesto. hundreds evacuated as a wildfire gross out -- grows out of control. and they can your lottery i'm ama dates. in tonight's headlines, a chp officer had two broken legs and is recovering after a driver hit him and his car during a traffic stop. it happened on the 101 near santa rosa. officers say the man who was originally pulled over dragged the officer to safety. today's warm weather caused problems for concert goers at concord pavilion. temperatures were in

coca-cola and pepsi-co have stood by the safety of the ingredient. which is used to distribute flavors more evenly in fruit-flavored drinks. >> reporter:both companies say their decisions reflect the pressure companies are facing as over the ingredients they use. >> gary: thirty >> jacqueline: dust in the upper 20s and union city and brett would see but tonight the wind will stay with us as we do have a very slight chance of a word shower. it will still be breezy and warmer and then what we saw today in fact, it is the warming trend that will continue through the work week. and we do have clear conditions of the bay area of some cloud coverage but missing us through the north right now. we do have a weak disturbance pushing down to the south and east to it hit cup the north of that. temperature was staying pretty mouth of the door tomorrow morning and thanks to the gusty winds. as we move into the afternoon it will be a bit warmer than today back into the '70s in the subway like cupertino and los gatos. in the peace they will also be in the '70s. 70