Changes to US tax laws could lead to a surge in charitable giving this year. Robert Frank joins us with the latest installment of Inside Wealth. And Robert, this is the time of year when people start thinking about this.It's >> all about giving. And for many people, it's all about giving and taxes. Uh so last year, Americans Exactly. Americans gave $390 billion to charity that last year.That was a record. This year will likely be even higher thanks in part to a tax change. The big beautiful bill included tw ...

BROADCASTED ON TV. ANSWER 1946. >> ALL RIGHT.WELCOME BACK EVERYBODY. IT IS THAT TIME OF THE YEAR AGAIN. THE BUTTERBALL TURKEY TALK-LINE IS LIVE TO ANSWER YOUR HOLIDAY QUESTIO.AND JOINING US RIGHT NOW IS NICOLE JOHNSON. SHE IS DIRECTOR OF BUTTERBALL TURKEY TALK-LINE. BUSY, BUSY BUSY DAY OF THE YEAR FOR YOU NICOLE.HOW ARE THINGS SHAPING UP SO FAR. >> HI, BECKY. GOOD MORNING.THANKS FOR HAVING US. WE ARE EXPECTING A LOT OF CALLS THIS YEAR. YOU CAN REACH US VIA EMAIL, CHAT, TEXT, SOCIAL MEDIA.THE LINE IS NOT QUI ...

ACTUALLY JUST COME OUT AND TALK ABOUT THE MEANINGFUL ISSUES IN THE AMERICAN PEOPLE, RATHER THAN THE SHORT TERM VIEW OF THE NEXT MEETING. >> JOINING US RIGHT NOW TO TALK ABOUT THIS AND MAYBE WHO'S GOIN TO GET THE TOP JOB. PETER BOOCKVAR, CHIEF INVESTMENT OFFICER AT ONE POINT, BFG WEALTH PARTNERS AND A CNBC CONTRIBUTOR.PETER, GOOD MORNINTO YOU. WHAT DO YOU THINK OF THE IDEA THAT TOO MANY OF THE FOLKS WHO ARE GOVERNORS OF THE FED, OR THE PRESIDENTS OF DIFFERENT FEDERAL RESERVE BOARDS ARE CELEBRITIES. THEY SHOU ...

All right. Uh, let's get to your word of the day. It's obviously a little bit Thanksgiving themed. It's indigestion.So, >> it seems like everybody's swallowing everything pretty good today. We've got the futures higher. So, where's the indigestion you're saying.>> Yeah. Well, the big question is, are we consolidating and digesting gains, which is a word I've already used before, or are we seeing some topping formations. I see a few topping formations, but I still believe we're in a consolidation phase, but ...

And as we close in on the 6 a. m. hour, a check of a few big stories that we're following this morning.Bloomberg is reporting that Bill Aman is targeting a $5 billion IPO for his closedend fund that would include raising 2 billion from some well-known institutional investors anchoring that deal. The IPO of the fund would coincide with a separate IPO of his firm, Persing Square Capital Management. Elon Musk says Tesla's robot taxi fleet in Austin, Texas will double next month.The company rolled out that serv ...

Affordability is front and center this Thanksgiving week and restaurants across the country are working to navigate rising cost pressures. Joining us right now is an analyst who covers the sector, John Tower, city's restaurant analyst. And John, um, we we talk about inflation all the time.We know that it's real. We feel it for sure over the last 5 years or so. Um, but where are you in terms of measuring its impact on restaurants and consumers at this point.>> Yeah. Well, it's been coming down relative to wh ...

Food Price Inflation Drivers - Food prices have been accelerating in recent months due to supply chain issues [1] - Tariffs, especially on Brazil, have impacted coffee prices [2] - Bird flu is raising wholesale turkey prices [3] - US cattle herd being at a multi-year low is driving up beef prices, with beef up about 15% year-over-year and ground beef up about 13% [5][6] - Disease in hog herds has led to increased pork prices [11][12] Retail Strategies - Retailers like Kroger and Albertson's are trying to keep prices lower through promotions and cost-cutting to attract consumers [4] - Retailers are promoting more private label products and deals to keep prices steady for consumers [15] Protein Market Dynamics - Protein demand is robust among American consumers, driving up meat prices [12] - Chicken prices have remained relatively stable due to restaurant promotions [10] Future Outlook - Pork prices could turn around faster than beef prices [14] - Beef price relief is not expected in the near future due to the two-year biological clock for cattle herd rebuilding and Tyson Foods reducing beef production [7][8][14] - Egg prices could spike in December and January if bird flu affects egg-laying flocks [14]

Holiday Shopping Season Overview - The holiday shopping season is expected to be interesting with both winners and losers due to a selective and precarious spending backdrop [2][3] - Lower-income consumers are under pressure, which may weigh on retailers that are not well-positioned [3][4] - Retailers with products that consumers want will likely win during the holiday season [7] - Lack of product cycle and newness will cause retailers to suffer [8] Retailer Positioning - Best Buy and Dick's Sporting Goods are well-positioned with products that consumers want [2][5] - Best Buy is seeing the beginning of a new product cycle with AI-driven products [5] - Dick's Sporting Goods is doing a great job with their brands, particularly Nike [6] - Home furnishing space may see softer trends due to lack of innovation, weaker housing backdrop, and reliance on financing [6][7] Discounting and Pricing Strategies - Retailers have become smarter in how they discount around the holiday season, especially Black Friday [10] - More promotional stance by retailers and brands is expected this year to encourage cautious consumers to spend [11] - Retailers have been raising prices to account for tariffs, which now gives them more ammunition to promote [12] - Promotional activity is essentially a synonym for discounting [11][12] Top Picks and Expectations - Oppenheimer's senior equity research analyst favors Dick's Sporting Goods within his coverage universe [2][14] - Nike is a derivative call on Dick's Sporting Goods [6][15] - Bank of America data showed holiday shopping up about 45% over last year [1]

Holiday Travel Season Overview - Approximately 20 million people traveled during the Thanksgiving holiday week, marking the highest travel volume in about 15 years [1][2] - The recovery of the air traffic control system from government restrictions is crucial for airline profitability during the peak season [3][4] - Normal operations are paramount, as past holiday seasons have seen airlines encounter difficulties due to weather or computer malfunctions [5] Fares and Spending - Current fares are similar to last year's levels, with potential slight increases for close-in bookings; overall, fare performance is expected to be similar with better volume [7] - Holiday spending was up approximately 4.5% year-over-year, suggesting a willingness to spend on air travel [9] - TSA screenings were down in the mid-single-digit range in the weeks leading up to Thanksgiving, which may impact earnings [8] Consumer Behavior and Airline Strategies - Air travel is considered a higher-income consumer market, with consumers willing to pay for comfort and premium products [10][11][12] - Airlines like United and Delta are changing their business models by adding amenities and loyalty programs to attract higher-end consumers [13][14] - Airlines are improving their marketing strategies to attract brand-loyal consumers and generate revenue premiums, leading to better financial results [15]

Thanksgiving travel expected to surge to record levels with 82 million people hitting the road or flying. Joining us right now is Sarah Nelson, the Association of Flight Attendants International President. And Sarah, it's great to see you.Happy almost Thanksgiving. I I know this is a really um busy time of the year for the members you represent. Um can you just talk us through where things are right now after that extended government shutdown, how things are fairing in the airports and in the skies.Well, Be ...