what is the big mac index? the big mac is sold all over the world, but the same burger from the same fast food chain doesn't cost the same and every country why is bad. and what does it mean? according to one theory, a perfectly functional global market wouldn't have these kinds of price differences . the fact that they do exist is because of differences in purchasing power and different countries. the big mac index as an informal tool to capture these differences. it was devised by economists editor familar, what else and published in the british magazine in 1986. the index uses the price of a big mac in the united states as its reference. in the us, a burger cost the equivalent of 5 years and $0.28 and july 2023. in south africa, it cost about half that to euro and $0.66. in other words, purchasing power in south africa is only about half of what it is in the us. and there are other important differences. a big mac as most expensive in switzerland. at 7 euro is and $0.32 and cheapest in taiwan to euro is and

the big mac index is an informal tool to capture these differences. it was devised by economists editor pamelor, what of and published in the british magazine in 1986. the index uses the price of a big back in the united states as its reference in the us, a burger cost, the equivalent of 5 years and $0.28 and july 2023 in south africa. it cost about half that to euro and $0.66. in other words, purchasing power in south africa is only about half of what it is in the us. and there are other important differences. a big mac is most expensive in switzerland, at 7 euro is and $0.32 and cheapest in taiwan to euro is in $26700.00 is in between at about 5 years and 51 cents. but this an portal indicator also has its critics. other factors affect the price, such as transport costs, labor costs, energy prices, differences within a country, and affluence in demand and each country aren't included. and big macs are sold in some countries. like you run and government subs helps give rise to other informal indexes, types of products, like the apples i've had many po

big mac went up to $18. >> bill: big mac meal 18 bucks is medium drink and fries.fed say yesterday about their ability to get inflation under control? is there a sign they've been successful? >> they have been successful. things have slowed down. we talked a lot about the potential for recession. that has come under debate. will we get a recession or not? the point is things have slowed down quite a bit because of higher rates. i spoke with one small business owner who said interest payments because of higher interest rates from gone to $2 million to $14 million because of higher rates. lock in at a level of rates and as rates go higher it is way up. so again, interest rates are the issue and the federal reserve yesterday said inflation is getting under control. not where we want to see it. we'll have to continue to focus on this and get inflation down. but we're leaving the door open to perhaps another rate hike. rate hikes are not done. as they go higher we get a window to how slow the economy is. tomorrow we have job numbers coming out for the month of october.

no, move on. >> greg: would you pay 18 bucks for a big mac or health food?: i think this is taking advantage of vulnerable. who's at mcdonald's? you're there because you're drunk, or you actually want to eat mcdonald's even though you're not drunk or you're a divorced dad who wants his kids to love him. those are pretty much the only three groups of people at mcdonald's and they're all vulnerable and you're taking advantage of them. i think it's horrible. >> greg: it is horrible. but no one's going to care because it's mcdonald's. >> kennedy: i'm loving it! [cheers and applause] >> greg: don't go away, we'll be right back. nicely done. (david jeremiah) when the rapture occurs, the world will capture the moment. the world will reel with concern from watching the strange, mind-boggling, and unbelievable video footage that goes viral across the globe. "then we who are alive and remain "shall be caught up together with them in the clouds to meet the lord in the air." (david jeremiah) when christ comes for his people, it will be in the twinkling of an eye. billio

no, move on. >> greg: would you pay 18 bucks for a big mac or health food?y it's worth it >> kat: i think this is taking advantage of vulnerable. who's at mcdonald's? you're there because you're drunk, or you actually want to eat mcdonald's even though you're not drunk or you're a divorced dad who wants his kids to love him. those are pretty much the only three groups of people at mcdonald's and they're all vulnerable and you're taking advantage of them. i think it's horrible. >> greg: it is horrible. but no one's going to care because it's mcdonald's. >> kennedy: i'm loving it! [cheers and applause] >> greg: don't go . >> greg: we are out of town thanks to kennedy great jon adam up next. ♪ >> laura: good evening, everyone. i'm la >> laura: good evening, i'm laura ingraham. this

a big mac, $18. cereal, $9. mean, the essentials like food, fuel and is rent, shelter, are still pretty elevated even with this number coming way off of the highs. >> that's right. imagine paying those $18 for a big mac meal. i remember when they were around $3 or 4. maria: exactly. >> that was just a few years ago, you could get that. so, yes, the inflation is still there. part of it is the government regulations are artificially raising costs and the federal reserve not realizing the way you fight inflation is to stabilize the value of the dollar. as david said about this phillips curve, that you have to have high unemployment to bring inflation down, is nonsense it'll bring inflation down when the economy goes down. we should have learned prosecute '70s that's not what you do. in the '80s, rah reagan got it right. stable dollar, great things happen. maria: yeah. he doesn't want any money taken out of his i are irs budget, the president, because he wants to find more money for taxes or raise taxes. david, how

and they glommed on to that big mac cost. cost of a big knack idaho. this was last year tell positive stories of biden's economic stewardship while also work working with social media platforms to counter misinformation. there we are again. they are doing it in the schools, in places like in new jersey and california, guarding against misinformation in the classroom. and now. this right. they think that propaganda will be the thing that solves this problem for them. as chris was saying. everyone goes to the store. they know how expensive things are. they know they can't afford to sell their house. can't afford to buy a house. >> laura: they can't leave. >> most dramatically what you said in the beginning with this belief that people have that the american dream has been lost. that is really significant. that is something that is so significant that i'm not sure that running propaganda will fix it. having said that, propaganda is very dangerous. the fact that we have a government that openly talks about censoring american speech and doesn't just talk ab

chris christie is the exception but he is currently at 1%. >> i'm envisioning, ricky, big mac wieldinghark riding a meteor. based upon what we told me. alicia, after the success on ab rights this week, democrats now say of course there is added urgency for efforts to get abortion rights initiatives on 2024 ballots in battleground states. is abortion still going to be the winning issue going into 2024? >> listen, i'm going to say absolutely. i spent six years working at planned parenthood before roe was overturned. it is something that we knew it would galvanize voters, especially as threats continued. when roe was overturned, i, mean there was poll after poll midterms saying it wasn't a deciding issue, it was the economy. news flash, abortion is an economic issue for people, particularly women and young people. the reality is, after our gains on this past tuesday in 2023, and after the games that we've seen where abortions were taken directly to the voters, even in deeply red states, and one. a portion is the absolute issue for democrats to run on so that voters have something to vote

i'd rather work at mcdonald's where all the big macs are at. >> reporter: she's trying to live life as possible. celebrating big milestones like her middle school graduation. and her 14th birthday. surrounded by her family and friends. ♪ happy birthday to you ♪ >> reporter: a day that almost did not happen. >>> coming up, the youngest member of congress says, enough is enough. >> doing nothing is not an option. >> reporter: doctors on the front line taking matters into their own hands. i told myself k with my moderate to severe rheumatoid arthritis symptoms. with my psoriatic arthritis symptoms. but just ok isn't ok. and i was done settling. if you still have symptoms after a tnf blocker like humira or enbrel, rinvoq is different and may help. rinvoq is a once-daily pill that can rapidly relieve joint pain, stiffness, and swelling in ra and psa. relieve fatigue for some... and stop joint damage. and in psa, can leave skin clear or almost clear. rinvoq can lower your ability to fight infections, including tb. serious infections and blood clots, some fatal; cancers, including lymphoma an

your blood is 99% big mac. also, also, did he really say immigrants are coming from insane asylums?the way, birthright citizenship is in the constitution, just so you know. and i know most republicans stop reading after the second amendment, but stick around because that 14th, that shit gets good! [applause] so the question is, why would univision avoid asking trump about the radical 2025 agenda? and more disturbingly, why did the network cancel ads for the biden campaign that were sent to run during the interview? [boos] oh, yeah. and why did it cancel a separate interview it had planned with biden's hispanic media director? [boos] i mean, canceling opposing views is bad enough, but canceling ad revenue? that is downright un-american. and i don't know all the answers. but maybe it has something to do with univision's new co-ceo bernardo gomez being close friends with jared kushner, trump's son-in-law? and the only man with the skin of a flour tortilla. look, i don't know. i'm just asking the tough questions, unlike univision's interviewer. the point is, though, univision has got to

something to zero in on, in terms of the markets, but liz jay mentioned ice cream how about 18 dollar big mac or serial nine dollars for a box of cereal in some states inflation problems still. liz: i think everyone is shocked still going to grocery store finding out everything they want to buy is about 25 day percent more than two years ago, that isn't going away. for young people hef compounded problem can't afford to buy a house, most young people coming out of college starting families, they want to buy a house median price 450,000 dollars, mortgage cost doubled, versus 18 months ago they are priced out of the market the worst affordability in housing ayoureding to bloomberg in 40 years that is the one issue another big issue is this palestinian issue, losing ez droves of young voters for the biden administration, the young vote right now is up 1%, biden versus trump used to be 26%, huge change. yes sure is cheryl. cheryl: one of the things think about rent we're getting that data tomorrow, under cpi, that is what young voters are facing sky-high crushing rent, that i think is also someth

how much is a big mac worth? there is this value meal that is almost $19.u spend $20 on a meal? there is an extent to how much they can raise their prices. stuart: senator josh hawley laid into secretary mayorkas, an employee posting free palestine online, roll it. >> has she been fired? >> that individual has been placed on administrative leave. >> she's not been fired, is on your payroll as we sit here today? she is still on your payroll? stuart: a fiery exchange. vivek ramaswamy confronted on his position as a free-speech absolutist. what does he think of the anti-israel protests on college campuses. will china use the war on israel to invade taiwan. we get into that as well. if your child has diabetes, you'll want the most accurate cgm, dexcom g7. it's on. and, he's off. you can see his glucose numbers right on your phone, so you can always be there for him with dexcom g7. ♪ ♪ you can't buy great conversations or moments that matter, but you can invest in them. at t. rowe price our strategic investing approach can help you build the future you imagine.

the big mac crow perspective people need to think about as investors, credit cycle change.lipped everything. so it will cause each sector of our economy to have different challenges to it. i vote the market goes up forever. i love it. rallies are phenomenal, but what goes up, comes down. recessions are healthy. they come and go. we'll see this with a financial crisis at the same time. that could be a bad, bad reality for us. liz: we could be overdue for one. we're definitely overdue for recession which comes and goes every couple of years, we know that. >> david, that's right. liz: shortened session. we have so much breaking news. [closing bell rings] liz: look at this gain, 533 points for the dow. s&p in the green. just the nasdaq down. we'll see you tomorrow. ♪ larry: hello, folks, welcome to "kudlow," i'm larry kudlow. in a few moments fox's ace

if a big mac was $8 versus $18. if gas was $2 a gallon and if you could afford your darn groceries and it wouldn't matter as much that joe biden moves around like a human roomba on stage, i don't think people would care and his approval rating wouldn't be as low if the economy were actually good and people could afford that lives. rachel: right, the poll, this article in some of the polls talk about they trust republicans more to handle it. it comes down to one single issue and that's energy. energy is impacted all of these prices. look at these poll numbers by the way, 38% approve of joe biden's handling of the economy. almost 60% disapprove and hasn't changed much since september, joey. joey: yeah, going anywhere, it's going the wrong direction. the most important poll is the next poll we're going to talk about this. is really the premise of our country. do you think the american dream holds true and i'm bringing in up because so much of the american dream is planting your flag, buying a home and a small piece of

ahead tonight thank to the left and biden fast food prices sky rocketing a big mac meal, i kind of likets in one town. larry, strit ahead. and smooths dry skin. with 7 moisturizers & 3 vitamins. and... new gold bond healing sensitive. clinically shown to heal & moisturize dry, sensitive skin. gold bond. this is a special alert. israel is under attack and israel's enemies seek our destruction. the people of israel need immediate help. rockets have us squarely in the crosshairs. our people are targets in their own homes. many have lost everything and fear for their lives. the international fellowship of christians and jews has launched an urgent response to rescue those affected by this violent attack. our teams are on the ground across israel delivering lifesaving aid. your urgently needed gift of only $45 will help rush food, water, medicine and emergency supplies for jewish families that have nowhere to turn. time is literally running out. what we need you to do is to act now. with cirkul, your water is deliciously flavored at the turn of a dial, with zero sugar and zero calories. and

big mac is $18. they need to run a poll to know that joe is going to get shellacked.ll in on the red wave. i might need to temper when i'm gonna say about this. when i see a poll this good know i have a hard time staying away from it. this poll is good. this is landslide city. this is 300 electoral votes for trump. this is trump might win the popular vote. if he sweeps this battleground states. if you get a win like that, it doesn't necessarily just mean it is a rejection of bidenomics. it is an endorsement of maga. if you -- this is maga country. maybe chicago is maga country if these numbers shake out. you are going to have to then if trump wins, uproot everything about bidenomics. you are going to uproot the entire green new deal. this is a full endorsement for the president to lock down the border. the media is going to have to live for joe biden to win and lie much more than they did 4 years ago. the media's you have to tell you that having $5 in your pocket is better than having $10. they are going to have to tell you that war is good where they can have to tell

. >> jesse: a big mac meal is $18 now no matter what kind of race you are that buys it. >> harold: truese: it's still impossible to buy a house because rates are at 8%, doesn't matter what race you are. >> harold: true. >> jesse: as she said, black people and white people liked that free money that we got during the pandemic. it's the same thing. i don't think she should say those things and when it comes to trump, greg, you're going to love this, he's like a contractor with a horrible attitude. comes into your house, place probably smells like smoke, rude to everybody at the house, his car probably runs over your grass a little bit, but you know what, judge? he remodels the kitchen like a genius. your wife is thrilled. it looks spectacular. joe biden comes in late and overbudget. that's why people don't like him. can't get results. >> judge jeanine: you know, joe biden proves -- joe scarbrough proves what we've been saying all along it's about keeping trump out of office and not bettering the lives of americans. >> greg: you can tell they were worried because you saw on that trip that

inside of that smaller briefcase was a big mac. [ laughter ] and it felt warm. [ laughter ] >> jimmy: with you, or just mcdonald's is packaging their happy meals in a very unusual way nowadays. >> yes. >> jimmy: one episode is like -- becomes like a thriller. and your car blows up at the end. i don't want to spoil it, but your car does blow up at the end. [ laughter ] i did want to ask about that. because there's so much -- the show is very gentle, i think, throughout the whole way. then suddenly your car just blows up. >> yeah. i mean, it was always a dream to -- [ laughter ] you know. when you're a kid, when i'm a kid -- when i was a kid, i wanted to blow up -- i always wanted to blow up a car. >> jimmy: did you? >> in a movie, yeah. you know, because i -- i was on this trip with this man, bruce beverage, who wrote a book about it, about a "titanic" conspiracy theory, that "titanic" didn't actually sink. jury's still out. [ laughter ] >> jimmy: yeah, yeah. and that's his real name, bruce beverage? >> yeah, yeah. i really rolled the dice. you know, because his name was just so amazin

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what what is it, ranch dressing on a big mac?ter ] the so-called "qanon shaman" filed paperwork last week to run for congress in arizona as a moderate republican. [ laughter ] a state lawmaker in florida recently introduced a new bill that would create a margaritaville-themed license plate. well, that ought to save time with a breathalyzer. [ laughter ] according to a new report, the average rent in new york city decreased last month, but only because everyone added another roommate [ laughter ] after a deer in new jersey recently dented the side of a chevy silverado right before its owner was set to sell the car, the man reduced the car's price by $1,000. while the deer's family was reduced by a buck. [ laughter ] [ audience ohs ] [ laughter ] i'll apologize for the rent joke, two back [ laughter ] but i'll [ bleep ] die on this hill [ laughter ] everything about that joke is perfect. [ cheers and applause if you want to sit there and groan 'cause you didn't think of that joke, that's fine but that's the only reason to be upset.

the collection also includes new jibbitz, big mac and french fries charms.ction in select stores or online right there at fox.com. >> amazing, stylish footwear in this ktvu id of the day we asked image generator midjourney to imagine a pair of crocs made out of chicken nuggets. mcdonald's chicken nuggets, obviously. and here's what what it came back with here. >> i'm not sure i see covered with yeah they're sort of like little nuggets all over them maybe mini nuggets, mae mini sure on that one. ihink they missed the mark. >> all right. they're going to go back to the drawing board, the 5:00 news is coming up in a few minutes in order for small businesses to thrive, they need to be smart, efficient, savvy. making the most of every opportunity. that's why comcast business is introducing the small business bonus. for a limited time you can get up to a $1000 prepaid card with qualifying internet. yep, $1000. so switch to business internet from the company with the largest fastest reliable network and that powers more businesses than anyone else. learn how you ca

he said, "my cousin eric ate an entire big mac at nine months old. [ laughter and applause >> steve:mmy: that's not true, that's pretty -- >> steve: first of all, he didn't eat it. somebody fed it to him, right? >> jimmy: i don't know i wasn't there >> steve: -- nine months old >> jimmy: i think it's true. i think it's funny >> steve: all right. it's weird [ light laughter ] >> jimmy: this one's from @tojighan. he says, "every time someone brings a new boyfriend or a girlfriend to my thanksgiving, my dad will carve the turkey and cover his hand in fake blood and make it look like he sliced off his fingers. [ laughter and applause >> steve: come on. >> jimmy: that's funny this one is from at @jeffybozeman. he says, "one year as a prank, we all woke up super early and left the house before my brother was awake to re-create 'home alone.' when my brother finally woke up, he freaked out and called 911 because he thought we were all kidnapped except for him." [ laughter and applause this last one's from @duncandontnuts. >> steve: oh, no >> jimmy: he says, "every year, my grandma would wrap

coming up, someone tucker, get y a big mac fast. >> did you know? nearly 34,000 of our nation's veterans are living on the streets. we fought so bravely to protect. i probably served my country, but struggle in civilian life. us vets helped me when i needed the most. i am now an artist with a place to call home. join us vets on their mission to end veteran homelessness and make them your cost to honor us vets. this veterans day. shop campbell where campbell share. prem the chase ink bus premier card is made for people like sam who make every day products designed smarter i ner or as fresh beans for you. >> oh, genius. for more breakthroughs like that, i need a breakthrough with 2.5%t ideas- cash back on purchases of $5,000 or more, plusink bu unlimited 2% cash back on all other purchases. >> and with greater spendingsif potential, sam can keep making smart ideas. brilliant reality. lies a >> the ink business, premier card and chase for business de under attackst and jewish families are in danger. families are in danger. israel's our destructio in an

a big mac mills almost 20 bucks. >> so i guess there's a labor shortage. r i guess there's wage increases and a number of other thingsnum, but $16, $16 for a burger, a large fry and a drink, it's just crazy. >> and that was in idaho. >> dinner at mcdonald's used to cost me $8. gas was $2. >> rates were, too. now biden wants to give you a $7,000 credit to buy an $80,000 electric car so you can plug it in. >> and a house you don't own because rates are at 8%. but democrats say you're too because dumb and emotional to realize how good you have it. their feelings are dictating their reality. their reality is thae t they sad that they feel better or they felt better when trump was in office. but we've been trying to push back. we also have an issu te as relates to civics in this country and people not understandin g exactly how any of this works. >> the establishment's messageo. is it's not the economy, stupid. t. pid. >> let's bring in tesla and figaro. she's a former adviser for bernie sanders and host of the straight shot no chaserse podcast. >> so how dange

you put that fentanyl in a big mac. we would call it what it is, it's closer to bioterrorism. that because as it uniquely relates to this crisis, that does warrant more aggressive means to deal with it. there's a presidential election in 2024. people may not be aware of that. it's going to be someone other than obrador, who has been a disaster in mexico. there's going to be someone else in charge. i hope they build a good rhythm with that next president of mexico. we'll use our own military to seal our own border. we need to stop our military protecting someone else's border halfway around the world where we're short here at home. i'm the only candidate on the stage as far as i'm aware who has actually visited the northern border. there was enough fentanyl captured on the northern border last year to kill 3 million americans. we have to skate to where the puck is going, not just where the puck. is don't just build the wall, build both walls. use the military for swiss cheese for the tunnel they're building underneath that job. >> kristen? >> thank you, hugh. let's talk about l

if you put that fentanyl in a big mac, we'd not call it an overdose. we'd call it what it is.s closer to bioterrorism. it uniquely relates to this crisis, it does warrant aggressive means to deal with it. i think he's mentioned me obliquely in speeches, well get out of the way. there's going to be someone else in charge. i hope to build a good relationship with that next president of mexico. we'll use our own military to seal our own southern border. what we need to it is stop using our military to protect someone else's border halfway around the world when we're short right here at home. get serious about protecting this border. and the other thing that hasn't been discussed is the northern border. i'm the only candid on this stage as far as i'm aware who actually visited the northern border. there was enough fentanyl captured on the northern border last year to kill 3 million americans. we to go not just where the puck is. can't just complete the wall, use the military to seal the swiss cheese for the tunnels they're actually building underneath that wall. let's be practical

even a big mac. okay. well, plenty more come after well, plenty more to come after your news with .ewsroom . the rafah crossing newsroom. the rafah crossing from gaza has opened to allow foreign nationals and some injured civilians into egypt. the first group has now crossed the border and the wounded are receiving treatment at a nearby field hospital . up to 500 field hospital. up to 500 foreign passport holders are also expected to cross into egypt. local media says some have now arrived. james cleverly says uk teams are ready to assist any british nationals. meanwhile aid trucks have entered into gaza with the foreign secretary warning they are vital to easing the humanitarian crisis there . the humanitarian crisis there. the world needs a referee to mediate how companies use emerging technologies. that's according to elon musk, the tech entrepreneur is one of the high profile guests at the world's first summit on al safety at bletchley park . the prime bletchley park. the prime minister hopes to put the uk at the centre of global efforts to monitor the technology. as well as att

it has become a big deal there. even the macese higher priced more luxurious macs are becoming bigger sellers in china. no matter what is happening to the iphone, i think based on what wall street is saying, they will make up for it. caroline: thank you, mark gurman. coming up, the canadian shopify is beating estimates for the third quarter shares. a conversation with the resident, harley finkelstein, is coming up next. this is bloomberg technology. ♪ thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh caroline: discipline and cost-cutting are some of the factors that help shopify see -- revenue and earnings, they beat estimates and then some. joining us now on how the strategy is playing out, harley finkelstein, president of shopify. investors love the numbers today. shares have rallied hard.

there was a big drop in sales of its hardware products, especially macs and ipads, and the market ind a half percent from a year ago. apple faces renewed competition from chinese phone maker huawei. still, it did manage to sell more smartphones. sales increased 2% from last year. that was slightly better than wall street was expecting. the standout, though, was its services business, which includes apple pay, apple tv and apple news. revenue surpassed $22 billion for the first time, an impressive figure, but still less than half what the company makes from selling smartphones. primary schools across the indian capital, delhi, have been shut as a grey, polluting smog engulfs the city. the chief minister, arvind kejriwal, said they would be shut for two days. the air quality index has fallen into the �*severe' category in several parts of delhi, one of the most polluted cities in the world. let's speak now to our india business reporter nikhil inamdar. what are conditions like in delhi and in other cities impacted by this small? ~ , , , small? well, pretty terrible conditions. _ small?

mac, iphone or ipad is growing. there is less emphasis. another big driver for them. >> our next guest is short and the nasdaq 100. >> how much of that is being given? >> it is a mixture. we think we had a short-term target, 5%. we had five, we have come off and seen this very explosive sort of rally. we believe in the structural bear market in the treasury market. we are playing this game here in financial conditions where everyone wants to believe there back to the bull markets. the reality is the fed needs to keep things relatively in check. that keeps things in range. layering on top of that, i think we are in a structural bear market in the u.s. treasury market. we have problems with the fiscal deficit. the central bank is actually has two move toward stabilizing government debt. basically deporting their boss. >> we talk a lot about the supply of u.s. debt. the consumption of u.s. debt and how the lives of japan -- they are not so interested in u.s. treasuries anymore. >> this is something we have been very focused on. we know there was an awful

have a book coming out this fall titled big fiction, how conglomeration changed the publishing industry and american literature. are you saying with regard to your mac mccarthy that it's because of conglomeration that he would not survive today? >> yes and no. so the thing that is remarkable about mccarthy's career is his transformation. people recognize recos of his career are quite different. the first half of his career, his first five novels are very difficult, dense, elusive books. they are not market friendly. they are not commercial books. the first four appalachian novels and then the fifth is blood meridian, in my opinion his masterpiece come his greatest work, which is a sort of, sort of western but not really in the genre. it's a very dark apocalyptic historic novel. and those novels, they didn't sell at the time and it wouldn't work well now under the conglomerate era that we currently live in, at least not among commercial publishers. the second half of his career starting with his 1992 novel, all the pretty horses, is much different. he wrote novels that still have something of that unique cormac mccarthy voice but they are also more c

mac and the ipad that were weaker. they saw that elsewhere in the markets. some of that was kind of difficult. year on year comparables had a bigt year. but also it is about product refresh. they have only just announced a refresh of the mac pro. there's a lot of issues but perhaps not the issues people were expecting to see. maybe there are question marks about iphone sales in china into q4. that is where you will start to get more impact coming. kriti: when we talk about product demand at the end of the day apple is -- provides luxury products. matthew: essential luxury. kriti: but luxury nonetheless. these products are expensive. from a macroeconomic standpoint consumers are pulling back. and yet when you look at services growth they are almost spending more. how do you square the two? matthew: on the product side we are seeing people keep their devices for longer. rather than the two-year cycle people after three or four years because they are so much more expensive. once you have the iphone even if you got it three or four or five years you probably have icloud storage. you may have apple tv. you might subscribe to apple n

course of 30 years that's $20,962 in difference just that quarter percent can be a big deal for you. still freddie macs say the data shows people are feeling the strain of high cost of living and house hold debts remain high, too, so the housing market is set to remain stagnant. unless these mortgage rates decrease significantly. we are still a long way from the 3% interest rates of 2021, guys. >> a long way. we may never even see it again. okay, trevor. thank you. demarco? >>> to college football. one of the top games on saturday features number 3 michigan as the school faces growing pressure in a sign stealing scandal. will reeve is here with more on this story. will, good morning to you. >> good morning, demarco. it is a big time weekend in college football. some programs facing off as we near the final stretch of the season. starting with top ten show down that would make headlines no matter what. michigan/penn state. the spotlight is especially on michigan as the wolverines sign stealing scandal grows. according to espn, michigan sent documents to big ten conference officials alleging that michig

big yearfor everyone. but, you know, our team has been here in india, the ashes, the world chest mac championship, these aree moments you will remember for the rest of your life. we you will remember for the rest of our life. ~ . ., your life. we were confident if we -la ed your life. we were confident if we played well _ your life. we were confident if we played well we — your life. we were confident if we played well we would _ your life. we were confident if we played well we would get - your life. we were confident if we played well we would get the - your life. we were confident if we | played well we would get the right result, _ played well we would get the right result, on— played well we would get the right result, on the day, they played better— result, on the day, they played better than ours. you know, as i said, _ better than ours. you know, as i said. it — better than ours. you know, as i said. it is — better than ours. you know, as i said. it is for— better than ours. you know, as i said, it is for us, of course, disappointing, there is disappointment in the dressing room and there _ disappoi

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big deal about that on monday. and i think that's where you're going to see potential growth to reinvigorate the mac sales.ine and, of course, iphone 15 sales, is it going to the happen? is the refreshment cycle in place? i think those forecasts in terms of the holiday season are going to be, those are what everyone's listening for. if you don't make the earnings beat and if you don't have a good forecast, your stock takes a hit. but with interest rates coming back down, there's a chance that nobody cares anymore. stuart: would it be true to say that almost all americans pay something to apple at some point every month? >> oh, yes. we're at a point where services, you know, if you look at the 11.2 billion i -- 1.2 billion iphones in the u.s., the number of people that own services, the services penetration has been growing, at some point in the next 24 months it's going to be more than 25, 26% of their revenue. you sell an iphone, you get the services and, of course, you buy accessory, that's kind of how the model works. stuart: ray, we'll be watching. thanks for joining us. lauren's got the -- here's a qu

big turkey feast provides a small taste of home. >> these guys are really eating this turkey up. >> corn bread and greens. >> mac and cheese. >>. >>reporter: the soldiers personally served by their leaders in full dress uniform. >> what can i get you? >> don't worry about that, we're holding up the line. >> there you go, i want some ham. >> reporter: a gesture of gratitude for their service. >> a little bit of protein on there. >> thank you very much. happy thanksgiving to you. >> reporter: with all the tasty trimmings and thanksgiving traditions, it feels familiar. >> feels like home. >> reporter: creating this meal is a mission in itself, a labor of love by a team of 80 working tirelessly preparing 1,000 pounds of potatoes, 59 turkeys and 100 different sides, and for dessert, all american classics, including this cake in the shape of a turkey, all displayed on the most special table of all, these empty seats pay tribute to the fallen whose sacrifice is not forgotten on this day. this brigade is here to support america's nato allies across europe. they're highly trained to parachute into combat when needed. >> the turbulence in t

mac reporting bay are already 3% ahead on their christmas sales. and for the small independent shops, is this a curse for them because they cannot board to offer big , way say amazon orjohn lewis can? _, , ., can? of course there are opportunities _ can? of course there are opportunities for - can? of course there are opportunities for all - can? of course there are - opportunities for all retailers to when in the next few weeks and months, there is an opportunity to continue to build your brand at that digital and physical shelf, build your brand at that digitaland physicalshelf, but digital and physical shelf, but actually, digitaland physicalshelf, but actually, football while it has been down and regional towns and cities, actually london has reported a one point 5% increase in football to physical stores and i think that could be the case because london is home to many flagship and experientially did store room environments so i think smaller retailers can take note of that and find much more immersive, engaging, entertaining retail experiences connected with digital and social to pull shoppers in. interesting, thank you debbie were to get yo

mac but you teach younger generations. >> yes. they are more confident with our regime. that is a very big change in korean nationalism, i do think. the older generation, they do have the bonding, the emotional bonding, even with north koreans, or even, you know, you have a course many korean -- koreans in china, or in russia, as well. however, again, the younger generation. they are more familiar with this kind of rule or value, we talk about so who knows? they might be more familiar with japan, as long as we share this similar regime or similar values and so on. so i definitely do see a kind of generational transition, which can be a good thing, and at the same time, a lot of challenge. >> if i can ask one more question, unfortunately, china, under -- and kim jong-un, they do emphasize their own warped version of hyper- nationalism, right? that will continue as long as these regimes are in power, so we are facing these three countries that are super, super ventilating nationalistic, i guess, aggressions do you think that the younger generations in our three countries will be able to basi