WELCOME BACK EVERYONE TO
BETWEEN BELL NEGATIVE SORELY OF
ACREAGE OTTO.
>> THIS MORNING JEWEL CEO KEVIN
BURNS ANNOUNCE THAT HE'S GOING
TO BE STEPPING DOWN IS GETTING
REPLACED BY A LONGTIME
EXECUTIVE OVER AT ALTRIA THE
CIGARETTE MAKER ALSO REVEALED
THAT THEY'RE NOT GOING TO BE
LOBBYING THE
TRUMP ADMINISTRATION. ALL OF
THAT LOOMING BAN FLAVORED
VAPING PRODUCTS AND INSTEAD
WILL INSPECT HAS TO SPEND ALL
PRODUCT ADVERTISED RIGHT HERE
IN THE
U S JOINING US NOW WITH MORE ON
THIS IS SARAH OVER MALL HEALTH
REPORTER OVER AT POLITICO GREAT
STUFF AS ALWAYS I'M POLITICO
SARAH IN TERMS OF YOUR
REPORTING SO WHERE DOES JEWEL
GO FROM HERE WHEN IT COMES TO
THIS.
>> THANK
I THINK THERE'S A FEW WAYS TO
GO I THINK THEY OBVIOUSLY TOOK
ME THERE. YOU KNOW ENOUGH THAT
IT WAS SAFER FOR THEM TO WORK
WITH YOU.
>> IT LOOKS LIKE IT LOOKS LIKE
WE JUST LOST SARA WE'RE GOING
CONTINUE TO GET INTO THIS HERE
IN A MOMENT WITH THEIR WILL TRY
TO WORK AND GET HER BACK IN
HERE, BUT THERE'S A LOT OF NEWS
IN ADDITION TO THE C O LEAVING
A TREE EXECUTIVE COMING IN AS I
MENTIONED ARE SUSPENDING ALL
ADVERTISING
AS WELL AND BY THE WAY THE
MERGER PHILIP MORRIS
INTERNATIONAL WHICH AND ALL OF
THE CIGARETTE SALES
INTERNATIONALLY WAS LOOKING TO
MERGE ALTRIA AND PHILIP MORRIS
INTERNATIONAL'S GATHER THE
FACT THAT VOTER IS NOT GOING TO
PLAY IS A HUGE DEAL.
>> YES, SO THE OTHER THING
THAT'S BEEN BIG IN THE LAST
FEW WEEKS WELL AS WALMART
DECIDING NOT TO IN CIGARETTES.
THE BIGGEST RETAILER IN THE
WORLD ALSO CHINA AND INDIA AS
WELL BANNING TO SOME EXTENT
SOME OF THESE PRODUCTS UP SO
WE'RE GONNA BRING SARAH BACK.
HERE AS WELL YOU'RE JUST
TELLING US WHERE JEWEL IS GOING
TO GO FROM HERE.
>> I THINK WHAT'S NOTABLE
IS THE ANSWER IS SAYING AND
SIGNALING THAT IT'S GOING TO
WORK WITH THE ADMINISTRATION A
LOT BIGGER COMPANIES ARE NOT
DOING THAT THIS WILL BE DOING
THEIR BUSINESS. IT WAS REALLY
TRYING TO SIGNAL THAT IT'S
TAKING THIS SERIOUSLY AND
ESPECIALLY BY BRINGING ON
SOMEBODY WHO'S WORKED IN
TOBACCO FOR A LONG TIME AGO
RECOVERED HEALTH CUTS BEEN
CRITICAL OF THEM IS IT DOES
SORT OF MAKE SENSE FOR THEM IN
TERMS OF THE EVENT OF A TRADE
CHARGES THAT ARE COMING OUT
AND ALSO IT'S WORTH NOTING THAT
THEY WERE GOING TO LOBBY ON
THIS COULD TAKE YOU A
REGULATION THAT'S ON
ITS WAY BUT VERY
PARTICULARLY IN STATES WITH THE
FAVORITE BANDS AND THE OUTRIGHT
EASIER UP AND THEY'RE HAPPENING
IN CITIES LIKE SAN FRANCISCO
AND STATES LIKE MICHIGAN AND
MASSACHUSETTS.
>> US A SENSE OF WHAT KIND OF
RESEARCH FROM THE HEALTH
PERSPECTIVE IS HAPPENING RIGHT
NOW GIVEN THAT IT'S GOING TO BE
AN UPHILL BATTLE FOR JUUL TO
CONVINCE CONSUMERS IT AT THIS
WHY WITH ALL THE NEWS OF DEATHS
AND ILLNESSES TO KIND OF TURN
AND AROUND THE NARRATIVE SO
WHAT KIND OF RESEARCH HAS TO BE
DONE AT THIS POINT.
>> ABSOLUTELY NOT AND NOT JUST
CONSUMERS IT'S GOING TO HAVE TO
CONVINCE REGULATORS NOW.
AND YET YOU LAST FRIDAY
PUT OUT THAT THIS IS WHAT
YOU'RE GOING TO HAVE TO QUEUE
HERE MARKET PRAYER CUTS DOWN
MARKET PAST MAY AND IT IS GOING
TO BE REALLY HIGH BERNIE CLEAR
THEY'RE GOING TO HAVE TO PROVE
THAT THEY DO NOT HURT. A REAL
PUBLIC HEALTH, THEIR PRODUCTS
WHEN COMPARED AGAINST OTHER
TOBACCO PRODUCTS ARE SAFER AND
HELP OTHERS ARE ECHO USERS QUIT
AND THOSE ARE GOING TO BE HARD
THINGS TO PROVE ANY READY FOR
THIS SPECIAL BECAUSE HE'S A
RARITY. THE NEW PRODUCTS ON THE
MARKET AND THERE'S JUST NOT A
LOT OF GOOD OUT THERE RIGHT NOW
THAT THE TALKS 15 NOT EVEN
NECESSARILY UNDERSTAND WHAT'S
HAPPENING WITH THESE ERRORS ARE
THERE STILL ONGOING AND THAT
HE COULD I SAID CAN ACTUALLY
WAS ON HUNDREDS MORE IN THE
NEXT WEEK
OR SO.
>> AND SARA WE KNOW ALTRIA
INVESTED ABOUT $13 BILLION IN
JULY. IF YOU LOOK AT IT MIGHT
BE ONE OF THE WORST INVESTMENTS
AND YOU KNOW CORPORATE BUSINESS
HISTORY NEXT MAYBE THE AOL TIME
WARNER MERGER. A CONGRESSIONAL
OVERSIGHT PANEL IS ACTUALLY
LOOKING INTO THAT ACQUISITION
DO YOU FEEL AT THIS POINT
ALTRIA IS HOPING THAT THE PANEL
FINDS THAT A LAWFUL.
>> THAT'S AN INTERESTING
QUESTION EURO PERSON PANEL IS
LOOKING INTO THAT BRIDGE OR HAS
NOT GIVEN THE DOCUMENTS OVER
THAT WORD. FRESH OUT WHAT
HAPPENED IN THAT CONTRACT.
SO THE PAIR WAS ACTUALLY TRYING
TO SUBPOENA THOSE DOCUMENTS.
I'M ALSO FTC IS PROBING THAT I
THINK THAT THERE'S GOING TO BE
INTERESTING TO SEE WHAT COMES
OF THAT AND REALLY WHAT KIND OF
REGULATORY OR CONGRESSIONAL
THIS CAN BE MADE BECAUSE IT'S
STILL
GOT THERE. AND IN ORDER TO
RAISE IT DOES MAKE SENSE FOR
TOBACCO COMPANY TO ANY
CIGARETTE COMPANY A LOT OF THE
OTHER MAJOR A CIGARETTE BRANDS
ARE OWNED BY
SCOTT COMPANIES AND TO BE WITH
THE REGULATIONS ARE GOING TO GO
THROUGH AND SOCIAL
RESTRICTIONS,
THEIR PRODUCTS IT MIGHT MAKE
SENSE THAT IT DOESN'T MAKE
SENSE THAT THEY ARE LOOKING FOR
A PUBLIC HEALTH PERSPECTIVE
WHEN TRYING TO SEPARATE
THEMSELVES FROM THE OLDER
TOBACCO PRODUCTS OF THIS AND
MORE
AREAS.
>> AND CEO KEVIN BURNS HERE IS
GOING TO BE REPLACED BY CASEY
CROSS WADE WHO WAS AN EXECUTIVE
AT A TREE ITSELF USED
TO THIS THE REGULATORY HURDLES
USED TO COMING UP WITH
ALTERNATIVES CIGARETTE SMOKING.
SO DO YOU THINK THAT JEWEL IS
IN A BETTER POSITION GIVEN
ACROSS WAIF AT THE HELM BECAUSE
HE'S BEEN THROUGH THIS BEFORE
WITH THE TOBACCO INDUSTRY.
>> I THINK SO I THINK THEY MADE
THIS DECISION. I'M REALLY
BECAUSE IT GOT IN MY CASE IT
WAS EFFECTIVE IMMEDIATELY SO
THAT COULD BE HEARING
THE PRESSURE AND IT JUST SO
HAPPENS THAT THERE ISN'T A
CONFERENCE HAPPENING RIGHT NOW
IN DC AND THIS MORNING JUST
HOURS AFTER THAT ANNOUNCEMENT
WAS MADE AUSTRIA SEO IS
SPEAKING AND HE SAID THAT HE
HAD KNOWN CARBURETOR IS TAKING
NCLR TOOL FOR
YEARS HE HAS BEEN AN ARSON OR
SAYS THE 90'S AND THAT THIS IS
THE TYPE OF GUY THAT NEEDS TO
BE IN A POSITION IN THE PERSIAN
SORT OF INFLECTION POINT THAT
THEY'RE AT RIGHT NOW SO I THINK
THEY ABSOLUTELY DID DO THAT
WITH THE INTENSIVE TRYING TO
SURVIVE THIS PERIOD OF
REGULATION AND KNOW WHAT IT
TAKES FROM THE TOBACCO COMPANY
HAD ALREADY WEATHERED NEAR THE
REGULATIONS OF GOVERNMENT IN
THE 90'S AND THE TOBACCO
CONTROL ACT AND THAT NIGHT WHAT
WAS GOING TO MAKE FROM THEM
NEXT FEW YEARS.
>> I SARA WE ONLY HAVE TIME FOR
ONE MORE QUESTION, WE KNOW THE
FEDS ARE LOOKING INTO JOY,
ESPECIALLY WHEN IT COMES TO
THEIR MARKETING PRACTICES
POTENTIALLY TARGETING YOUNGER
USERS FOR THEIR PRODUCTS AT WE
JU ANNOUNCED TODAY THAT THEY'RE
GOING TO STOP
LOBBYING AND THEY'RE GOING TO
SUSPEND THEIR ADVERTISING IS
THAT GOOD FOR THEM OR IS THAT
ALMOST AN ADMISSION OF GUILT
THERE.
>> SO YOU CUT A
LITTLE BIT BUT I THINK YOU HAVE
TO STOP ADVERTISING YOU LOVE
BEING IN THE MEANTIME YOU CAN
GET A GOOD MOVE FOR
THEM BECAUSE. MULTIPLE MEDIA
OUTLETS HAVE ALREADY SAID THAT
THEY WERE GOING TO PULL THOSE
ADS THEMSELVES AND THEY'RE
ALREADY RAISING QUESTIONS ABOUT
WHY HE SAID THAT'S WHERE THAT
ADVERTISE IN THE FIRST PLACE
WHEN I WAS NOT
IMPRESSED CURRENT. THERE'S BEEN
SCRUTINY FROM JEWELS MAKE THE
SWITCH CAMPAIGN AND IT WENT
OVER THE LINE ON
MEDICAL CRANES TO THE CHOIR FDA
EVEN WARNED THEM TO PULL BACK I
THINK IT IS A FRONT FOR