the name we are watching today is darden.ere are loads of the session, but still down today. this is the owner of olive garden, longhorn steakhouse is. they reported results, darden's ceo delivered on the bottom line and has been talking about focusing on profitable growth. the sales number fell short of analyst estimates. that seemed to be one of the analyst concerns so far. vonnie: exactly. it is a fascinating insight into the consumer. there are other insights into the consumer that can be confusing. let's get to bloomberg's john edwards the third who can give us more context. on one hand, you've got darden. on the other hand, you've got costco. we are seeing a different picture. what is happening? >> what we are seeing in both cases is consumers in many cases have money to spend but they are being increasingly picky and selective about where they are spending it and how much they are spending. costco is in a fitting from being, they have a model that appeals to people who can spend money to save money. people who can affo

darden is america, okay? >> what's america?ica is beginning to -- america is a little beleaguered. it is. minimum wage is 9%, okay? >> i'm sorry, gone up 9%. >> yeah. it's not enough. you say why is he -- doesn't he have to stop inflation now because that is not enough? no. he's thinking the other way. he's thinking, look, we don't want to hit these people more than they're getting hurt now. he sees food coming down. costco's food did not come down. it was transport that went down. food is next. i think that costco is america. darden is america. we have to get out of the idea that the two-year is america. two-year is not america. the inverted yield curve is not america. everyone on wall street is a snob. they probably have not been to a longhorn. they probably don't know what a great bloody mary they make. >> i didn't know that either. >> get a designated driver go to longhorn because they're blow your mind. >> we'll keep an eye on darden. may be down as much as 3% pre-market. opening bell coming for you in five minutes. you ca

on friday, we get results from darden. there are a few companies that have a better hand than these guys. we keep hearing from retailers and restaurant chains, one after another that the consumer wants value. olive garden offers that. as for the stock, i don't know. the cost currents right now have gotten very tough after that dustup with american express talking about a more cautious consumer during the month of october. that stuck to real hit. when it comes to darden, let's put the conference call on mute and just listen. here's the bottom line, you need to remember that we are one of those moments where the fed doesn't even get the message out perfectly. the headlines today bucks them into continuing their home run strategy. that, my friends, is just fine for the bulls. i feel like taking some calls. i say we go to tom in massachusetts. tom? >> booyah , jim. thank you for all you do for us home gamers. >> you just started my weekend well. how can i help you quick systemic i'm calling about a company that provides an ess

bruises and bruises of soft tissues, various... wounds, one of them was hospitalized and in in the darden district, also as a result of the falling debris of shahed, a fire broke out in a two-story private house , it is unfinished, so there were no people there, so no injuries, fortunately, and in the holosiiv district , a falling debris was also recorded without destroying the victims, and therefore the most important thing is that kyiv survived this blow without casualties or damage. we will definitely restore the building, mr. speaker, we would also like to ask you about the kyiv experience of using mobile groups, such as those working on russian-iranian shahedes, to what extent is this the tactic is successful, was it used, for example, this night, in total, yes, well, 24 out of 28 shaheed, it is extremely serious, but still four flew, maybe there are some more details about this, well , the air force reported this, eh. .. as far as i understand, the number of mines is generally in ukraine, and as for the use of groups, they are constantly trying to increase them, the number of groups

restaurant stocks as we go to break, chipola, applebee's, olive garden parent darden restaurants, kfced story for all these guys today. countdown coming right back. and - ahoy! it's the explorer! each helping to protect their money with chase. woah, a lost card isn't keeping this thrill seeker down. lost her card, not the vibe. the soul searcher, is finding his identity, and helping to protect it. hey! oh yeah, the explorer! she's looking to dive deeper... all while chase looks out for her. because these friends have chase. alerts that help check. tools that help protect. one bank that puts you in control. chase. make more of what's yours. i've spent centuries evolving with the world. that's the nature of being the economy. observing investors choose assets to balance risk and reward. with one element securing portfolios, time after time. gold. agile and liquid. a proven protector. an ever-evolving enabler of bold decisions. an asset more relevant than ever before. gold. your strategic advantage. liz: the november jobs report was the appetizer to the main course next week, the last fe

darden -- you know, they are well diversified.restaurants and cheaper restaurants like olive garden and chatter -- and cheddar's. what we have been arguing is that in a slow and potential recession, you will have more people going to quick service, because you want people wanting to save -- because you have people wanting to save money and they will be moving to quick service. you are not paying for a tip, not buying appetizers, so it's cheaper. we have seen that. the november industry sales data we get from black box intelligence really bore this out. we saw 100 basis points of sequential improvement in those sales and a similar decline in casual dining chains. katie: is this how it usually goes when you have consumers and diners really worried about inflation and frankly miserable about the economy? katie: yeah. customers fall into that bucket and fall out of that bucket, so the low income consumers are probably going to eat at the grocery,, shop at the grocery more, make their own meals more frequently, and we have had some of

stuart: darden restaurants, olive garden and a bunch of them. lauren: they increase revenue by almost 10% just shy of analyst estimates so we don't need those targets. stuart: you are trying to avoid the expression missed expectations. lauren: they did by a hair. stuart: next one. san francisco judge just ruled elon musk must testify in the sec investigation into twitter stock. what is he saying? lauren: he is being harassed. i think it is fair to say the sec and elon musk -- they are enemies. that's not too strong word and the sec wants to know more about this, the timing of elon musk's twitter share purchases last year leading up to him buying the company. when did you start increasing your state, when did you tell us about it. they've sent him 32 subpoenas and three requests to testify. he's been interviewed two times. he does not want to be interviewed again. he is saying no. a judge is saying we will do that. stuart: thanks. our rabbi at harvard says the university is forcing the jewish student to hide their menorah at night because they ar

the empire state manufacturing and industrial production f figures and results from darden restaurantsre-balance of the nasdaq 100 and s&p 500. >>> it is triple witching friday with the options tied to $5 trillion in stocks and indexes all set to expire. ahead of that, let's get a check of the markets and what has been a solid week for stocks with the continued records for the dow. futures on the dow off the highs from earlier. we will open up 30 points higher. s&p and nasdaq in the green. for more, let's bring in tiffany mcghee. tiffany, good morning. great to have you here. >> good morning, frank. >> we're seeing a big rally in the markets over the last few weeks. the dow closing at record highs. give us a sense of how you see the market. what is your wex word of the day? >> my word of the day is standout. with the back drop and all of the elements you are discussing, we think there are standout opportunities that investors can look at right now ahead of 2024. areas like tech and some auto insurance carriers. >> we mentioned it is triple witching day and re-balancing for the s&p and

ad adobe, costco, darden will be out next week, lennar, oracle.dered early warning signals from people who watch the earnings situation. again, their quarters end in november, all of these companies. so, generally as they go, it's a good early warning sign. still a little too early. the first two companies are not bad. elsewhere, if you look at what else is working, not an awful lot. still yield plays are doing well. as you can see here, $15, the beginning of november. now, $17. it's had a horrible time. it's a 6.5% yield right now. this stock hit 14, 14.25. go back again. way back in july or august, that was the lowest -- to get to 14, you have to go back to the 1990s. that's how bad this was. this was 30-year lows and struggling to come back as a potential yield play as rates come down a little bit. what the heck is going on with the oil stocks? here's greg. greg handles exxonmobil. oil is up today. it's not moving. nothing is moving. this was $120 in september. this is a big stock. and it just keeps going down. and they all keep going down. occ

wall street is watching international sales , and china has been a big one for darden with more salesa. any commentator armed consumer and holiday sales that can affect guidance going forward with analysts anticipating 40% earnings growth and 18% revenue growth. stocks, 40% of 20% or so since added to the s&p in october. a couple of analysts were downgraded ahead of the report with megan james, secondarily, say, price gains are already factored in at this. >>>, then wells fargo, sin, confidence in the stock has played out. got about 70% of analysts now for the buy rating on that stock back to you. >> thank you summers, cairo rudy. joe turnover is here with the lulu stock you have been a believer in for quite some time. what do we think? >> listen, expect strong profitability and expect strong sales. two numbers to look at, direct to consumer. does that grow both 15% gross margins? can you sustain above 57%, and is the growth and international present, once again, and i think the guidance on revenues is important. let's keep in mind, but tutas.2 billion in the current quarter. going to

darden restaurants. you see here. shares lower.revenue and eps. operator of olive garden and long horn brands raised gps guidance in line with estimates. appearing partly weighing on the stock. in june garden closed acquisition of ruth chris steakhouse. could not include $55 million related to the integration. fine dining segment concludes with chris saw a bigger decline than the street expected. shares of darden, down almost 2%. also a series of chip upgrades this morning. jpmorgan naming micron a top pick for 2024. shares up over 1%. bofa nvidia top pick on general a.i. and enthusiasm. and amd up almost 1%. bernstein reiterating nvidia outperforming. under pressure this morning. shares down almost a half percent. last, not least, roku a downgrade from moffett mathsen lowering target to $66 per share. now trades about $100. analysts seeing a 35% deecline n the stock and bigger players, netflix, disney, amazon better positioned to gain streaming ad market share. shares of roku down more than 2%, again. becky, back to you. >> franks

my if daughters, maybe get them lululemon and darden restaurants because they love olive gardening. i know this isn't necessarily about kids, but my kids do fit in. charles: -- when they get their first job, you're their dad, maybe they have an advantage, but do you think they'll carve out cash, whatever cash they can to invest? >> they will because i teach them about that, you know, every single day about being financially responsible. the issue is we still don't have that kind of education in high schools across the country. charles: right. >> yeah. >> people don't know how to manage their credit card debt and their checkbooks and all that stuff, so we are missing from an educational standpoint on educating these kids on the value of to investing and saving. charles: and the demon of the wealthy goes back to the -- demonization of the wealthy goes back to the robber-barons, and yet we enjoy what they created. we enjoy this society each though we frown upon the money they have, at least some of us. i'm not. thank you both very much. >> thanks, charles. charles: all right, folks, th

darden restaurants as -- at this hour on the move after the olive garden owner posted a small miss, orales outlook came in below analyst forecasts, did, however, beat on second quarter adjusted earnings. and a star of the day has got to be costco, sitting near the top of the s&p 500 and the nasdaq. hitting a record high after it beat on both the top and bottom line estimates. we have costco up 4.75%. is that session high? pretty much close to session highs. $660.55 a share. by the way, costco was always a favorite of charlie munger, the vice e chair of berke her hathaway who just passed away a week or two ago. the wholesale retailer also declared a $15 specialtive dividend. costco says higher borrowing costs have pinched household budgets leading to consumers shops for -- shopping for lower priced groceries and other items. and some of those items were actually gold ingots. yes. costco selling gold ingots, two per customer. while costco flourishes, the luxury goods market, well, is it on firm ground or starting to wobble? barclays said luxely sales lid more than 15% annually in novembe

it is a light week for earnings, but adobe, costco and darden restaurants on are the calendar this week. joining me to talk about this is former fed vice chairman and contributor to cnbc is roger ferguson. go to see you. >> good morning. nice to be with you. >> we mentioned, of course, no changes anticipated in terms of rates this week. there seems to be a call for a nuance message from chairman powell. you have to acknowledge progress on inflation. it is not at the target. you leave the option open. what is the prevailing theme of powell's remarks? >> i think the prevailing thing is three things. one, the point you made which is making good progress, but not yet done. we will hear the question of wanting to be convinced before moving in a different direction. secondly, they will indicate when they he move in a differen direction, it will be further out than the market expect. the notion they are pushing back on cuts in the first half of the year. then finally, they point out the recent data suggests the economy, while slowing, is not falling off a cliff. it is handling higher interest

caltrain officials say that the surface will be cut off between darden and tamarin stations.putting into buses, bus bridges those areas so that you'll be able to get to your destination. well, donald trump is back in new hampshire this weekend. he is holding a rally for supporters there and he's looking to slow down. nikki haley's rise in the polls. the new hampshire's governor recently endorsed haley. she is urging voters to dump trump ahead of the primary in january. campaign correspondent libby dame reports for us. >> hello, new hampshire. i'm thrilled to be back in your beautiful state. donald trump on saturday returned to the state with the nation's first presidential primary on tuesday. january 23rd. we're going to win the new hampshire primary and then we're going to rookie joe biden next november. but the ground game in the granite state rockier than before for the former president. >> nikki haley getting new hampshire governor chris sununu's endorsement and the 2 working together to take down trump one out of under. thank you all different. trump didn't take kindly t