FIRST AIRED: February 22, 2019

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COMING UP:Share Opener Variant 2

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00:00:00
Kraft Heinz is set to open at a record low Friday after the packaged food giants delivered I tried to of bad news to investors including a monster earnings miss the disclosure of an SEC investigation and a fifteen billion dollar right down on the value of some of its best known brands the ketchup maker also serves up a whirring forecast for investors telling them consumer pallets or drifting away from processed foods to healthier alternatives effectively spoiling the value of some of its iconic brands like craft and Oscar Mayer the company one of billionaire Warren buffet's largest investments posted a net loss of more than twelve billion dollars for the last quarter and said it would be slashing its dividend the revelation craft Hines was subpoenaed by the securities and exchange commission related to a probe into accounting policies only added fuel to the fire into believing gold then craft tying CEO Bernard %HESITATION he's in a post earnings conference call said the company was working on ways to improve but acknowledge the entire package food industry will likely remain challenged