warren buffett says new product are coming and coming soon. what to watch out for here, job losses. on the median colleges neither company would elaborate but 3d capital is known for very severe cost cutting and annual savings from this deal at pay debt $1.5 billion by 2017. the deal is not indicating wall street but it is lifting food ss, kellogg and kraft shares all trading higher. if you own craft you are up 30% today alone. what about the macaroni and cheese i have in the pantry? that is going to be there for a while, we don t have to worry about those. those are iconic brands and they will stay. i keep joking when you were a kid i don t know if you put ketchup on-year-old and cheese but not make sense. maria: maybe the retaking the cue from consumers is what you were saying. good observation. thank you very much.
maria: message deal announced that will take up the food industry and the question is what it means for consumers. hines bank kraft foods to build one of the biggest food companies in the world. lauren simonetti from the fox business network joins us to tell us what it is about. this is the mega food deal that reflects how our easy to kitsap asking for all natural and non process foods when we can. the catch a meager 8 j heinz is buying kraft foods creating the third largest food company in north america, the fifth biggest in the world. the new company will be called kraft heinz co. and this was spearheaded by hines s and litter, 3d capital and warren buffet. tines shareholders get a 50% stake in the new company. kraft told holders of the shareholders get a special dividend and will trade publicly. the combination joins brands and a struggling kraft brands, kool-aid jell-o to name a few with heinz s seuss sts.