darden is the same all these restaurant stocks. darden was $135 at the end of october.est rates start moving down all these restaurant stocks started moving up on top of that starbucks has had a great month. mcdonald's had a great month yum had a great month. the restaurant stocks are outperforming. i know the airlines have been wobbly for a while but even most of the time you're seeing the hiltons and the hotel stocks doing well hilton was at a new high yesterday. carnival, caribbean up 20% or so this month the consumer is still out spending money in restaurants. certainly in hotels. i keep waiting for all of the home builders to finally start moving down again after an incredible month it's right near a new high pulte at $87 another big month. same with lennar, same with horton i keep waiting for this trend to stop i've been putting these up for weeks but they keep slowly creeping up. several sectors continue to show strength one new low on the s&p 500 there it is, chevron we know what's going on here oil was $95 six weeks ago and $73 here we know about the higher sup

chipotle, darden's stock -- charles: those are rich people in new york city.beauty, montana. >> hilton with all-time high, hilton hotels. restaurants and hotels are consistently outperforming but -- charles: we started off with the yolo, isn't that part of yolo movement? i got 100 bucks i spend i at olive garden than anywhere else? >> it is outperforming -- charles: john? >> that is unsustainable. i never see a economy receive sustainable economic growth by spending on services like restaurants and hotels. it simply doesn't happen. you're talking about deflation. we already have deflation with durable goods. cpi tells us that durable goods prices were down 2% from a year ago. non-durable goods prices were up by just less than 2%. charles: right. >> so all the inflation problems with services and that will cure itself that will get out of the way once we get over this bout, this temporary bout of rent price inflation. charles: there is another red flag i think is glaring us right in the face. it is called west texas intermediate, gasoline, oil crude. what the h

darden -- they are not selling silver oak at the olive garden -- but consumers are stepping down to cheaperid: you see some of that trade down, but people also want quality and an excellent product. i think for a producer like us or many of our brethren, people want that great following of wine. it is a special occasion, maybe not your daily drinking wine. jon: on the subject of restaurants, we have spoken to some owners who are navigating the current realities. coming out of the pandemic, it was not easy. what would be something we could do for the economy that would be helpful for the restaurant industry? david: that is a complicated question. people are out for experience. that is a big thing that has changed. they want real, authentic experiences with each other. nothing better than going out to dinner to do that. what we are seeing in the industry broadly, especially with the finer restaurants, is the demand for experience, the quality of the food, the one thing that has changed dramatically is that the explosion of interest in the cooking channels and the food network have changed the

probably not at the movies to see wish because disney's new animated musical is a box office and dardenlivering 50 percent of ticket sales over thanksgiving weekend. now disney studio execs have to assess what went wrong. it has been a year since we have seen strong female leads when he bought big --when big in the box office. it may be classic photo princess stories are not as appealing as they were once. or, maybe it is a bit scary. for now, a flop. we will take the pulse of that european vc and tech industry with oxx co-founder mikael johnson. ed: cigna and humana in talks to merge. cigna is an $80 billion company and humana is a $60 billion company. bloomberg has not yet confirmed that report. stocks moving cigna down 4.5. humana down one point 1%. this is bloomberg technology. insurance cuz i don't need it anymore. my kids are grown, my wife is great, let's settle up the score. it's time to travel to paree, spend retirement happy. call 877-sell-easy. 877-sell-easy. 877-sell-easy, and sell your policy. you can sell all or part, live your life and play it smart. 877-sell-easy, and se

foot problem with dine brands, the there's chipotle, okay, and there's brinker and darden, texas roadhousen there's a lot of others in the lower end that are just doing terrible and dine brands is one of them. i don't know what to make of them other than i don't want to be in it and it doesn't have growth. elizabeth in florida, elizabeth? >> happy holidays! >> thank you, elizabeth. same. >> i want to know what are your thoughts overall for service now. >> service now hit an all-time high today, and you know what? it should. they are one of the few companies that has used artificial intelligence and made money. they have some amazing federal contracts. i saw jensen wong speaking with bill mcdermott and i think bill is doing a good job and i wish it were down so i could tell you buy, buy, buy. let's go to charles in connecticut. charles? >> hi, jim. >> charles. >> i'm calling about apathy and i'm trying to get your thoughts on that. >> the problem with abbvie. they have a bit of a hole that's the great of the selling drug of all time. in order to make it so there are biosimilars to make it s

you own costco, darden, lulu, ross and tjx. >> and burlington as well. they are in the bottom when i look at the 16 consumer discretionary names that we own the etf. when i look at the performance, the strength is coming in the names that we own from e-commerce, it's coming through travel, expedia, airbnb, marriott, booking holdings. it's not coming from these names. i respect and understand stephanie's view on target, what i'm trying to disseminate is why there's such weakness in target when there's such strength in walmart. i think that's a fundamental peculiarity that has to be uncovered. >> it's mixed. they have more consumables than target. target has more discretionary and that's been known for a long time. you've been right. i've been wrong. i think they will change their mix to more of a balance between consumables and discretionary and are doing a phenomenal job be in discretionary. they have that private label. >> are you talking about groceries? >> yes, exactly right. it's like 70% at walmart. 75% at walmart. only 40 to 45% at target. you're s