darden also has capital grille and bahama breeze says it expects softer fine dining sales through thearter overstock shares, look at these at the moment. they are jumping nearly 19% after the e-commerce company won the auction for bed bath bed, bath and beyond's digital assets and intellectual property. overstock will pay $21.5 million the deal does not require that the stores remain open. well, you know, whether it's overstock for furniture or discount groceries more and more consumers are cutting costs where they can and now, you can count even the high earners among those consumers. a recent study from in-market shows people making more than six figures are heading to discount chains in droves, in order to save some cash. madison alworth is inside a discount grocery store in new york with the latest. so, even the wealthy are penny pinching? liz: liz, absolutely. a store like this is drawing those six figure income earners. just take a look at the parking lot to see what i'm talking about. we have cars, drivers here coming into shop that drive bmw 's, porsche's and alfa romeo. the r

we will get to some calls including paramount and some news on darden, as well. take a look at the futures. a third kid. what if she likes playing golf? it's expensive. we're outlawing golf. wait. can i still play? since we work with emower, we don't have to worry about planning for a third kid. you can still play golf... sometimes. take control of your financial future to empower what's next. >>> buyers who are adjusting to the higher mortgage rates and the continuation of a more stable rate environment is a positive factor. in addition, with the lack of resale inventory that i mentioned and market price is now starting to increase, buyers are demonstrating a higher sense of urgency then we saw earlier this year. as we discussed on hour first quarter call, we had begun to see a sequential improvement in demand in february which continued throughout hour second quarter. >> that is the earnings call last night talking about housing demands where the number of homes for sale in this country continues to fall. >> it is devastating. honestly. the fed now raises mortg

a similar decline in garden, olive garden -- darden olive garden's parent, some concerns raised is what people are willing to spend at restaurants. people are being more cautious with cash when they are dining out. matt: let's get back to the fed because in the second day of testimony, jay powell told senators that the fed has a long way to go on inflation, and the fomc is aligned on the number of rate hikes appropriate for the rest of the year. here is what he said. chair powell: the committee broadly feels that monetary policy has gotten to an appropriate restrictive level, if the economy performs as is expected, it will be appropriate to rate hikes again this year and perhaps twice, a strong majority of the committee feels it will be appropriate again, assuming the economy performs as expected. jon: let's bring in bloomberg's kailey leinz with more context from washington. kailey: this, in some ways, is a regurgitation of the commentary chair powell already shared in the house financial services committee yesterday. the idea that, yes, the fed could hike rates two more times as it co

of trading going to get a lot of people thinking about coming public on thursday when we hear from darden, will it make us feel similarly good about its business i think it might the stock's been strong. people are spending an inorder nant am ount of mundining out. samsera, i predicted they would say good things at the analyst meeting. let's see if they tell a good story. i believe we'll be excited about what we hear from mongodb. it's a popular developer data platform this is enterprisesoftware not the kind you and i buy that allows you to build applications to scale i know it's loved but the 100 point gain in less than two weeks might steal some of the thunder. next, elliot management took a big portion of nrg this is the first time around for elliot second time they've gotten involved with this one and helped bring about some positive changes. now the firm is unhappy. they think things have lapsed back into negativity i wonder if they can offer its critics when it holds the investor meeting i think elliot's changed i don't blame him. finally on friday, car max reports. wouldn't surpris

darden was good last night it just doesn't matter, and even tesla. i mean, ron came on and i think he spoke for 30 minutes. he spoke for 45 minutes about tesla, you know, kind of like mr. wolff. >> 500 by 2025 for tesla >> in the year 2025, we're going to 500. >> he said it would be a multitrillion dollar company for some time. >> he's been right, but tesla was -- he walked it up when he was talking. he went from down four to being about minus one, and he's back four like he never said anything, david. >> yeah. it's been quite a run. >> quite a run >> right well, i think the cage match -- i think conor mcgregor is nothing compared to these two. come on. this would be -- they could raise millions for charity, and both of them could -- well, i don't know i mean, they would use better guys how about that >> we're going to talk about the evolution of that story. >> i have my own thoughts. >> keep them to yourself because no one cares because you spend hours with them. you have nothing to say. >> we call it producing and we have some things i'm sure -- we

discretionary, tesla, amazon, casinos, home builder, you like olive garden, longhorn steak that is dardent has been an outlier stock trades at reason able valuation and stands out >> all right when we come back, mike santoli is joining us with his midday word we're red across the board do you down by about 12. s&p 500 still plbelow 4300. s&p is flat. and success requires drive, resilience, - wow. - get it there. and sometimes luck. but what if luck had less to do with it? what if we had the tools to help us practice smarter, the insights to gain an edge, and the data to inform our strategy? taking our games from that... to this. yes sir. kpmg performance insights are transforming the game for the entire lpga tour. thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading experience. with innovation that lets you customize interfaces, charts and orders to your style of trading. personalized education to expand your perspective. and a dedicated trade desk of expert-level support. that will push you to be even better. and just might change how you trade—forever. b

earnings cycle did so analysts didn't get the opportunity to ask retailers about it we heard from dardenlittle bit of an effect but said a lot of their restaurant customers are actually making 100k or higher and might be more willing to keep going to olive garden and companies like that. we vice president gotten an insight into retailers they're under pressure to walmart and brad's point about that i spoke to borrowers who were saying what they were playing to do if once the payments start again and if their forgiveness does not happen and one told me, i'm going to start shopping for more of my produce and meat at walmart again and i've been shopping more at places like farmers markets that have a higher price tag. >> interesting just to disentangle this, we've been emphasizing the $400 a month coming either way. the question tomorrow morning is whether the supreme court is it 20,000 or 10,000 biden is proposing to forgive lower income consumer. who would be sensitive to that ruling >> it's a great question, kelly. you know, i think it would be the lower income, more sensitive if this fo

a lot of people think that the consumers that hear that, darden is on the new high list. that's olive garden. you've probably gone there they have really good rolls and a endless salad bowl to me that says a great deal about the markets broadening out. look, you want to wait for mcdonald's that's what you're waiting you're weight for restaurant brands you don't want to do anything until you see wendy's? it doesn't work like that, people there any more discretion than a cruise carnival, norwegian and royal caribbean are breaking out but maybe people are long on money and short on time. how about a beer withthat vacation how about a beer with that diversification? molson coors is on the list. you can't get molson coors on the high list without people spending money when they are out bringing home a six-pack to watch a game this is what matters tesla does not control that, okay it's not like he can't buy it because apple is on the new high list you to wait for wall hart to go up another 54 cents, so be it. i'm sure there will be people who pronounce the market better when wa

existing home sales at 10:00 quarterly results from darden restaurants. the bank of england interest rate decision is expected today at 7:00 a.m. eastern time. >>> the president and first lady are hosting prime minister modi. we have tim cook as well as others from the tech world senator mark warner will join us in the 8:00 hour he is the chair of the senate india caucus microsoft will meet with the ftc today and arguing the inje injection -- injunction. >>> the ftc sued amazon yesterday accusing the retailer of intentionally do youping mils of customers to signing up for the prime program and sabotaging attempts to cancel ftc said amazon made it difficult to buy items on its site without prime a button that instructed users to complete transaction did not clearly state they were agreeing to join prime for a subscription the complaint said the cancellation process is difficult to navigate and designed to deter consumers from ending the prime subscription. >> they described it as an illiad the odyssey that takes forever you have to know where to click. one

ohio democratic senator sharon brown leads a bipartisan group of senators in a reading of darden -- drin luther king jr.'s 1960 three letter from birmingham jail on the presidency in his book, becoming fdr, jonathan darman reveals how polio transformed franklin roosevelt into the man who led the country through the great depression and world war ii. exploring the american story. watch american history tv every weekend and find the full schedule oyo program guide or watch online anytime at c-span.org/history. ♪ ♪ >> visit c-span shop.org, c-span's online store and a save during our father's day sale going on now. save up to 15% on our c-span products sitewide. there is something for every c-span fan and every purchase helps support our nonprofit operation. scanned the code on the right to shop during our c-span shop father's day sale going on now what c-span shop.org -- at c-span shop.org. ♪ >> a healthy democracy does not just look like this, it looks like this where americans can see democracy at work, where citizens are truly informed, a republic thrives. get informed straight from t

. >> up 21 -- a lot stronger than expected i guess it's just -- we're going to get darden this week.know what pulte and lennar have said. >> although 1.6 million units, i thought that was great you need at least 2 million to make it so it's not so tight kb homes are heavily located in florida and california lennar is not making enough homes. toll brothers is rationing homes. i'm worried that that's another thing wilson is going to win on. 1.6 is great i really think they have something positive to say about that when he's on the hill. >> when wilson says that the bulls have gotten bulled up at a, quote, inopportune time, you think that makes sense the rollover he's been calling for both on liquidity and i guess on earnings, jim -- the point was made this morning that q1 earnings came in and felt good at 4k can that feel as good at 44k >> no. i think we have to come down i'm drawing a picture that tells you what i think about wilson in general. i don't know if we can see it. this clock is going to be right twice a day, because it's stalled. that's what matters. wilson is right twice a

tom: michael darden thank you so much for the guidance.eal caution from someone who is usually optimistic. there is a lift to the tape all around, seeing a better stock market with futures a little positive. let's not make too much about as we wait for news for russia. there was a bombshell this morning on wall street. there was a wonderful panel years ago at davos from bank of america. we have a straight talking different person. did you see this coming that mr. montag would go back to this? sonali: he had worked at goldman sachs and worked at bank of america but when he left in 2021, it was after a string of news that questioned the culture. there was a few things going on. he has a grand return to wall street. there is over a dozen people already on this board who are closely knit at a time when there are a lot of questions about the culture at goldman sachs. we are only a couple of weeks away from a story that was in the journal that it was at war with itself. tom montag whose work with david solomon and seen as a closer ally to him an

.| christine - brilliantly christine darden brilliantly ennnen— christine darden brilliantly explainedast yesterday at the we tweets. — won big last yesterday at the tric awards, 2— won big last yesterday at the tric awards, 2 in— won big last yesterday at the tric awards, 2 in 2 for the teente-e— tric awards, 2 in 2 for the people's channel. our breakfast entw— people's channel. our breakfast enew wee— people's channel. our breakfast show was voted— people's channel. our breakfast show was voted the best multichannel— show was voted the best multichannel news programme and our multichannel news programme and wen— multichannel news programme and wew wttet— multichannel news programme and our very own nigel farage took the our very own nigel farage took tne nnze— our very own nigel farage took tne nnze ten— our very own nigel farage took the prize for news— our very own nigel farage took the prize for news presenter of the prize for news presenter of tne-tnet— the prize for news presenter of the-that really- the prize for news presenter of the that really upset the year and that really