kate rogers is out in california with those details today. kate? >> reporter: yeah, kelly.e construction industry is certainly searching for workers. as of the end of november, there were about 500,000 open jobs. that number is up 100,000 from the same time last year. it's also at the highest level since 2022. now, one way to fill the gap, of course, get younger workers interested while they're still in school. southern nevada trade high schools opened in august last year, looking to do just that with its first cohort of 75 students. they'll take a full curriculum of classes, including english and math, and they also take construction. >> it's been very popular with families who are saying that the students are maybe not interested in traditional education or potentially not necessarily wanting to go to college. so it offers an opportunity for them to come and get hands on learning. students are constantly being reinforced this is how what you're learning will impact your future and the workforce and in the trades. >> reporter: they're certainly going to have options once t

back over to you. >> kate, thank you. kate rogers.y, from the chart's perspective, it looks like you like it. >> well, i think it's got a little bit of work to do, which is to say, it sold off with the market from the summer high, but the selloff was down 17. and then it has recovered with the market back to its former high, and in principle, as a rule of thumb, before you can exceed a high, you contend with it. you are back to the level, where backing and filling is likely. >> what do you make of this? >> at 23 times next year's numbers, it's not crazy given its history. so, valuation is okay on mcdonald's. it's had a huge run since october. i get concerned that it has peaked at these levels that we saw in may of last year and seemingly have stalled. now, again, a name that has gone lower left upper right, but selloffs along the way, so, i think into earnings, i believe on february 5th, mcdonald's is a name i think you can have an opportunity to buy cheaper. when i say cheaper, i mean, like, 8% to 10% cheaper from here. >> wow. there

kate rogers joins me now.f anybody who doesn't love a snack, we've been hearing about things like girl dinner and the like, how are some restaurants tailoring their menus toward the new preference for small meals. >> reporter: meeting customers where they want to be, you won't see your traditional mcdonald's drive-through go away, new concepts to make things even more convenient for consumers of all ages. data which uses artificial intelligence to monitor foot traffic, fast food and beverage concepts as a whole in late morning, afternoon, looking for a pick-me-up, whether that's snack or a drink. leaning into drive-through, starbucks has also expanded its drive-through focus, it's even added curbside pocket at target. gen-z leans into this drink trend. you're also seeing some creative beverages crop up at mcdonald's. >> kate rogers, thank you so much. >>> coming up, anxious, pessimistic what a new survey is revealing about how teenagers feel aut theirbo nice to meet ya. my name is david. i've been a pharmacist

back over to you. >> kate, thank you. kate rogers. why is the stock up then? >> every metric i looked in, they missed. the good news, it's still a u.s. story in terms of revenue. the international miss was not good at all, but you can say, okay, it's not an international story. margins in line, better than a year ago, which i guess is good, and i guess people are looking at sort of the revenue number, which wasn't bad. i have to tell you something, the only thing i'm looking at, valuation at least you can wrap your head around it, 19 times or so, 20 times, and maybe it's a bit of a relief rally. the quarter, just looking at it, was not particularly good. >> by the way, amd shares are down by more than 6%. microsoft is still off. we're on the conference calls. we'll bring you any guidance as it comes. what is the question you want answered from either company? >> yeah, i mean, look, what was kind of the sell-through of the co-pilot products? they announced the pricing a couple quarters ago, and again, the stock is trading 36 times this year, 31 times next. the

kate rogers has the story. hi, kate. >> hey there, tyler.as been sticky for restaurants and consumers over the last year. take a look at beef, over $5 a pound in december. but chicken has been deflation nar and comes in at a dollar less, making it ideal for companies to lean into if this continues. data from across the top 60 qsr chains shows consumers are flocking to the bird, had to do it, when it comes to orders as they are the value play in this environment. the number of consumers who ordered chicken sandwiches increased year on year from 14.6% to 15. %. the number of burger orders flat at just over 7%. burger prices are up 10% in 2023 versus chicken climbing just 5%. andrew charles points to three trends in chicken's favor. number one, skews younger in terms of the consumer. it's higher margin due to inflation trends with beef. and success of chick-fil-a and raising cane's. the stocks tell the story. wing stop, sales soared in 2023. the fast food players did have more modest performances, mcdonald's up over 12%. so interesting charts r

we also have kate rogers with what to expect from starbucks when they release their results.80%, the most expensive of the ai plays. maybe that's the one to watch. >> that's the ne i think is the farthest out on a limb. it's also one that gets the benefit of the doubt. people love the momentum and management and the story. they are coming from a near zero based on ai, so i agree. it's the rest of them that i think is more crucial to the valuations, you can't say it's a layup in terms of satisfying the street, but if guidance is positive, the stocks are okay. >> at some point we will learn about the halo effect. at some point, we have to learn who is legitimate. i'm not saying they are not, but monetization legit in a reasonable period of time versus the pretenders that have been lifted by the great ones. >> that's why amd is the placing of ai speculators because it's coming off a low base that it's not a massive revenue chunk. we might, it might be a trap. it's obviously a momentum move but unlike nvidia which added $800 billion in the market cap, this is a story where i thin

kate rogers, two big movers in the restaurant space. what do you want to tell us?restaurant companies are also reporting at the icr conference in orlando today. jack-in-the-box down 4%. the parent company of del taco said they will move to make the companies non-retail owned and more asset like. papa john's up 3%. they updated their guidance thing there decreasing marketing spend, moving away, making them optional. rob lynch also responded to its rival woman is expanding the brief partnership in the new year. more than four year head start using this tech in its restaurants. major themes included a broader sense that normalcy is finally returning. we'll see if that holds true. back to you. >> thanks so much for that. make sure to catch the ceo of jack-in-the-box, darren harris. that coming up in overtime. 10 year anchoring about 4.5%. a little bit above and below. the downside there. a lot of folks are fixated on for in the quarter, 428. if you want to get really cute about it, being a little bit of a barrier. in that zone it seems like they repriced the expectatio

i'm kate rogers with your cnbc news update.ted to pick up a key endorsement today from the united auto workers. three people familiar with the decision saying it will likely come this afternoon when the president addresses the union at a conference in washington last fall, he became the first sitting president to join a picket line during the uaw strike >>> eight of the nation's most prestigious schools have agreed to settle a case alleging they conspired to limit financial aid packages of some students while favoring wealthier ones. the schools will pay more than $110 million into a fund for students suing them. but the settlements will need to be approved by a judge >>> comedian jon stewart is going back to "the daily show. comedy central announced he will host episodes on mondays through the 2024 election cycle with others filling in for the rest of the week. stewart originally left the show in 2015. tyler, over to you >> that should be interesting to watch. kate, thank you. >>> coming up, a check on the pulse of the consume

., and wage hikes, in kate rogers has got it covered for us.ate >> hey there tyler first up, value as mentioned -- andrew charles says he expects a pick up in value pricing restaurants, but not necessarily a spike. btgs peter soler says it i already upon us, and that also could continue, as the restaurant continues to grow traffic this year. remember, grocery prices are running at a slower rate tha restaurant food prices are, an so endless say the restaurants may do some targeted value offering on their digita platforms as news like mcdonald's set ambitious goals to grow. another area focus of course i wages in minimum wage hikes. 42 states raise their wages to start the year, and industry watchers are looking to april, when california here will have the highest wage in the countr for fast food workers at $20 a hour earlier in january, pizza hu franchisees in the state began driver layoffs in advance of that so you can expect higher price for fast food operators ar going to make up for that labo inflation or a move into another theme, which is

let's get to kate rogers now for a cnbc news update. hi,. kate >> hike, tyler.eeing donald trump's federal election interference case rejected trump's request to hold a special counsel jack smith in contempt. trump's legal team argued smith continue to file motions in the case, even that's the two sides are waiting to hear the result of trump's presidential immunity appeals. however, the judge did agree smith's filings were putting a burden on trump,, so she is now requiring both parties to seek her permission before filing anymore motions. firefighters in washington, d.c., say they safely evacuated everyone on a city walk this morning, just minutes before a building exploded from a gas leak. that included 16 children who were in daycare next door. the class leveled one building had damaged two others in the area. and some 90,000 nato troops are set to participate in the military alliances largest exercise since the cold war. the drills will rehearse nato's response in europe to a potential conflict, with a quote near peer adversary. the alliance didn't mention

rogers >> tyler, thank you.anks for joining us >> thanks for having me, kate. >> i would love to start this off big picture. we're seeing a big of tug of war with inflation and deflation on the whole, how are you feeling about costs as we kick off the new year >> we feel great as we look towards 2024 we have seen a stabilization of our business relative to the last 3 1/2 years where we have gone through obviously a global pandemic, some conflict across the world, and then hyper inflation. so we feel like we are in a great position right now to take advantage of a stabilize environment. the consumer has shown to be very resilient we announced the fourth straight year of store growth our industry is well positioned. our value equation has never been better relative to the other segments of the industry pizza has continued to hold on pricing, where a lot of other segments have taken a lot of pricing over the last couple of years. so we're really well set up for 2024 and beyond. >> and to build on those comments on

kate rogers has the details. >> reporter: the national federation of independent business out with the monthly read on optimism for the month of december increasing slightly, 1.3 points to 91.9. that is among the highest readings of the year, but also below the group's 50-year average of 98. the top issues for main street this month, inflation, quality of labor and taxes. inflation moving back into the top spot for december ahead of labor issues, but those remain sticky. overall views on the economy are still broadly pessimistic at the moment, though slightly improved, writing that 2024 will be a slower year -- can >> high interest rates, kelly, are also of concern. in a separate credit survey, the nfib found those impacting decisions around financing and 80% said high rates were their biggest issue accessing capital. the average rate paid on short-term loans was 9.8% in december, up from 7.6% one year ago in january of 2023. although the cap x number for small businesses was slightly higher in december. >> i don't know if we can show that chart one more time, the rates they're paying,

i'm kate rogers with your news update.ill seek the death penalty against the white gunman who killed ten people in buffalo in 2022. the justice department said the shooter's intentional killing was enough justification to warrant the death penalty. the shooter was already sentenced to life in prison in a new york state court last year. >>> nasa says to 23 was the warmest year on record. the earth was about 2.5 degrees last year than when recordkeeping began in the late 1800s. the extreme temperatures set off costly weather events for the year, as nasa's administrator said it's the latest evidence the world is facing a climate crisis. >>> the canopy that hangs over the altar in st. peters basilica is being restored, to be completed for the 2025 jubilee, and the church will use the expertise of the restorers and will be the first work on the canopy in 250 years. tyler, back to you. >> kate, thank you very much. >>> coming up, robinhood benefitted from bitcoin's prices last year. we'll get the latest trading data, next. >>> a

kate rogers is here with more. kate, good morning. >> becky, good morning. independent business is out its monthly read on optimism for december, increasing slightly. that's below the group's 50-year average of 98, as it's been for about two years now. the top issues for main street this month, inflation, quality of labor, and taxes. notable here, inflation moving back into the top spot for december, ahead of labor, but those two issues remain really sticky for small business operatorses. the nfib reporting overall views on the economy are pessimistic at the moment, in contrast with the hiring numbers we saw from adp just last week. the group's chief economist bill dunk lberg writing in his commentary that 2024 will be a slower year, quote, overall the growth rate will most likely be lower than last year. the economy will slow down possibly delivering that long-predicted recession by year end. another key area of concern for those looking to borrow, high interest rates. in a separate survey on credit, the nfib found those rates were impacting decisions aroun

cate roger here to break it down. good morning, kate. >> good morning.pendent business is out with its monthly read on optimism for december, increasing slightly 1.3 points to 91.9, among the highest reading of the year but below the group's year average of 98 for about two years now. the top issues remain inflation, quality of labor and taxes. inflation moving back into the top spot for december, ahead of labor, but those two issues really have remained sticky for operators. the nfib reporting that overall views on the economy are pessimistic at the moment. the group's chief economist bill dunkleburg writing that 2024 will be a slower year, quote, overall the growth rate will most likely be lower than last year, the economy will slow down, possibly delivering the long predicted recession by year end. high interest rates are also of concern. in a separate survey on credit the nfib found those rates were impacting decisions for businesses around financing and about 80% said rates were their biggest issue with access to capital. that's up from under 60% ov