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Immediate price cuts expected Monday as Amazon takes over Whole Foods

Name: Immediate price cuts expected Monday as Amazon takes over Whole Foods
Uploaded: 2017-08-25T18:41:00-0400
Duration: 1 min 51 s
Description: Amazon officially takes over Whole Foods on Monday in a deal worth nearly $14 billion. The online giant says it will immediately roll back prices at the grocery chain's stores. CBS News financial contributor Mellody Hobson has more.

Amazon officially takes over Whole Foods on Monday in a deal worth nearly $14 billion. The online giant says it will immediately roll back prices at the grocery chain's stores. CBS News financial contributor Mellody Hobson has more.