now. right? because the price is going to go up. you are going to go ahead and freeze that for later. so you can avoid that price hike for later down the line. okay. we showed you the milk prices, too. i guess that goes back to the cows. same problem. right. exactly. so we re having this, you know, because of this actually the milk prices, you know, you are seeing here 3.46 in october. in february they went up to 3.56. and the milk industry is expecting a 25 to 50-cent increase over the next year. so one way to sort of void that is for the time being not buy milk, maybe buy alternatives, almond milk, soy milk. if you have soy milk allergies you might want to stick to almond milk. oddly enough going to be less expensive than actually buying real milk. yeah. and go back to pork. you say we can just buy chicken instead this time? rit. the price of pork has gone up 6.8% in the past year. rye now it s 3.73 a pound. and, yes, the price of
me. gdp came in at 4.63%, much higher than expected but it may not be as strong as some had hoped. good morning. good morning, carol. two good economic reports, 2.63% growth in the third quarter driven in large part because companies were stocking their shelves, getting ready for holiday sales. 3.46% is the best we ve seen in a year and a half and stronger than people expected. jobless claims report has slowed dramatically. it might have been distorted a little bit by thanksgiving, economists are telling me this morning. it s two upbeat economic reports. why are stocks not happy that the economy is strong? likely that means it s more ammunition for the idea that the fed will have to take the training wheels off the economy. one other piece of new ice got
generations. he said the government during this time of crisis rather than making it easier for entrepreneurs is making it more difficult. he got so fed up and basically upped and moved his factory to poland white his workers were on vacation during the summer. he claims that he tried to discuss it with them before making the decision but they threatened to sabotage the move. so he felt that he had no choice. he said he wasn t making profits for the past few years and that in italy it is nearly impossible to lay people off. he claims a worker taking home $16,000 a year was actually costing him nearly 40. he said that and the unions and bureaucracy and regulations were simply killing his business. translator: politics is doing everything to sink businesses. they don t help. every day they create new taxes and new obstacles could increase the cost of labor and make it impossible to work. reporter: unions are up in arms about this. workers will receive about 3/46 their salaries from t
warnings in effect and storm watches. we can take up 1-2 feet of snow out here. generally speaking those amounts are in the higher elevations of the rockies. travel will be impacted across parts of montana and wyoming or sections of idaho. we are talking snowfall out here and significant at that. windy conditions with the cold temperatures are expected as well ainsley and heather. so weird to look at you. now there s snow falling behind you. we are talking a lot of extreme heat, heat waves and now winter storm warnings into effect. start christmas shop ping everyone. pope sending a letter to atheists. lois lerner quit before she had you had be fired. should you pay for her legal defense? we will brew on this. look at your gas prices. the new national average $3.46. turn around
and after nearly 20 years miss piggy and kermit have been reunited and it feels so good. more than 20 muppets were donated to the smithsonian gifts from the jim henson legacy organization on what would have been the late creator s 76th birthday. now for your first look at business we turn to cnbc s seema mody, good morning, seema. good morning. futures are mixed after stocks fell for a fourth straight day on tuesday. a drop in consumer confidence and worries about a fight over the debt ceiling overshadowing a rise in home prices. now, gas prices are falling. with the national average for regular unleaded at $3.46 a gallon, the lowest since january. analysts cite record high refining falling consumer demand and slumping crude oil prices. lastly, amazon unveils a new kindle fire tablet. the hdx has a sharper screen, a faster processor and comes with a mayday button for 24/7 live video tech support.