Carol Costello: What is that spin co? Well, so it's kind of a backup plan. They'd ideally or normally in a scenario like this, you would see them announce with the deal also third party agreements where like they would say, okay, we're also going to divest these stores to these people. And so they didn't go through that whole process. This is kind of a backstop that says if we're not able to find buyers for these stores and we'll put them into the spinCo.Costello: So what do they call it? No name supermarkets? Like, do they operate? Kroger Sims.
Bloomberg News Wall Street Reporter Sonali Basak breaks down JPMorgan and Morgan Stanley earnings. Bloomberg Businessweek Editor Joel Weber and Bloomberg News U.S. Big Oil Reporter Kevin Crowley provide the details of Kevin's Businessweek Magazine story Exxon’s Toxic Culture Drives Workers From a Once Coveted Career. Andy Edstrom, Managing Director of Advisor Services at Swan Bitcoin, discusses investing in cryptocurrencies. Bloomberg News M&A Reporter Michelle Davis covers Kroger to buying Albertsons in a $24.6 billion grocery-giant deal. And we Drive to the Close with Emily Roland, Co-Chief Investment Strategist at John Hancock Investment Management.
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