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customers have mostly shrugged off the higher menu prices and the revenue has gone up. what s going on there? both of those companies, walmart and mcdonald s are facing higher costs as is practically every company right now. the difference however is mcdonald s has been able to pass on some of the higher costs. walmart can t do that as much because their whole brand is centered around being a low-cost retailer. it s having to eat some of the costs and that s why it s warning about profit. but jake, one thing i should flag, we talked about this recently in terms of the retail sales data. wall mmart warning they re speng more of essentials like food and fuel and that s leaving less discretionary income. the reason that matters to a retailer like walmart is their profits are higher on categories like apparel. their profits are lower on essential categories like food and fuel. that s why we re seeing the profit warning. it s yet another data point, yet another sort of war ....
On discretionary items like apparel. we saw it in the retail sales data last month as well when we looked at yearly trends. the fed meets tomorrow. they re expected to raise interest rates by three-quarters of a point. are there any signs the rate hikes are working and that inflation is slowing at all? well, we are seeing some prices come down, because we have seen some commodity prices come down. we have seen crude prices come down and that has meant lower prices at the pump. that said, don t think the fed would call this a victory just yet. powell has made it clear he and the committee is looking for clear and compelling evidence that inflation is coming down, and i don t think short of seeing a month to month inflation lower, are they going to take their foot off the brake. we re seeing price pressures ease but i don t thin we re close to where the fed would like us to be. rahel solomon from new york, thanks so much. if you have traveled through an airport lately, chances ar ....
Overseas. the other thing happening is technology advances. i don t know if you have been to the airport lately, but for example, at laguardia, if you re going to fly out of there and want to order a drink, there are no more waitresses there. you do it all from an ipad. technology is actually encroaching on some of the low-wage jobs. i think there is no good solution coming from either the democrats or the republicans at this point in time that would say we want you to get to that first rung of the ladder, but we want you to be able to get to step five, and here are ways that america is going to actually deal with the fact that our economy is radically changing and competition is increasing so much around the world. how are we actually going to help people not get above the poverty line and settle there? how do you get them above there? ng, somebody has to explain at some point why states have raised the minimum wage and nobody has lost a job. how do you know? i used it at the ai ....
Overseas. the other thing happening is technology advances. i don t know if you have been to the airport lately, but for example, at laguardia, if you re going to fly out of there and want to order a drink, there are no more waitresses there. you do it all from an ipad. technology is actually encroaching on some of the low-wage jobs. i think there is no good solution coming from either the democrats or the republicans at this point in time that would say we want you to get to that first rung of the ladder, but we want you to be able to get to step five, and here are ways that america is going to actually deal with the fact that our economy is radically changing and competition is increasing so much around the world. how are we actually going to help people not get above the poverty line and settle there? how do you get them above there? one thing, somebody has to explain at some point why states have raised the minimum wage and nobody has lost a job. how do you know? i used it ....
Called sly inc. catering to the that s an outfit. it will include jeans, shirts, jackets, underwear, and watches. i spent half of my life in philly, don t be talking smack about rocky. i love him, i m saying, what are they going to sell? muscle skin t-shirts? which one was the gentleman? i m very eager to see that line of clothing. if you ve been to an airport lately, you ve more than likely walked through one of the full body scanners. but a new study finds they posed some health risks. don t wait until it s too late. men do not like going to the doctor. we re going to explain why that may be so hazardous to their health. 20 minutes past the hour. ....