Bring in show music, please. >> This is SquawkPod and I'm CNBC producer Cameron Costa. Today's episode, affordability on the table, the Thanksgiving table. First, Agriculture Secretary Brooke Rollins on America's role in the global soybean trade and when the Trump administration will deliver aid to American farmers. >> We are looking at the uh the aid right now. We have always said it is to solve for to mitigate anything under these new trade negotiations. Every day that changes and that's what we're workin ...

Core Insights - Amazon is entering the private-label grocery market with the launch of Amazon Grocery, challenging established grocery giants like Walmart and Costco [2][3][4] - The company aims to provide affordable grocery options, with over 1,000 private brand items priced competitively, appealing to price-conscious consumers amid rising food inflation [7][8] Company Strategy - Amazon's grocery strategy includes same-day delivery services in over 1,000 locations, expanding to 2,300 by the end of 2025, enhancing convenience for customers [4][5] - The introduction of Amazon Grocery marks a shift towards focusing on food staples and shopper convenience, with a wide range of products priced under $5 [7] Market Context - Food inflation remains a concern, with the Consumer Price Index indicating a 2.7% increase in food prices at home, and specific categories like meat and eggs seeing a 5.6% rise [8] - Amazon's grocery segment is expected to contribute to its overall revenue, which last year included over $21 billion from physical store sales [11] Financial Performance - Amazon's overall revenue generation is primarily driven by its online stores, third-party services, and AWS, totaling over $511 billion last year, with additional revenue from advertising and subscriptions [10] - Analysts remain optimistic about Amazon's stock, with 50 out of 51 ratings being a Buy, and an average price target of $266.26, indicating a potential upside of nearly 22% [14]

Group 1 - Kroger Co. is viewed positively by Jim Cramer, who believes the stock has performed better than expected and is currently undervalued despite concerns over food inflation [1][2] - Cramer suggests a cautious approach to buying Kroger stock, recommending incremental purchases rather than a full investment due to its recent decline from $73 to $64, and advises waiting for a potential drop to $60 before making further decisions [2] - The company operates in the grocery sector, providing a range of products including food, pharmaceuticals, fuel, and general merchandise through various store formats [2] Group 2 - There is a comparison made between Kroger and other retailers like Walmart and Costco, with Kroger being noted as less expensive than Costco, although Costco is favored more by Cramer [1][2] - The article hints at the potential of AI stocks offering greater upside and less downside risk compared to Kroger, indicating a competitive landscape in investment opportunities [2]

In the past year food inflation in Britain has run at 5.3%, more than in France, Germany and Spain. There is little sign of a let up https://t.co/XybkCVtj3E ...

Market Strategy - Morrisons is reducing prices on hundreds of products [1] - The UK grocer aims to attract shoppers amidst rising food inflation [1]

Market Trends - Butter prices in the U S jumped to their highest levels in over a year [1] - Dairy prices are rebounding globally [1] Inflation Concerns - Underscores broader concerns about food inflation among consumers [1]

Market Trends - US butter prices surged to over a year high, signaling food inflation concerns [1] - Global dairy prices are rebounding, further highlighting food inflation [1]

Company Performance - Cisco reports a beat on both top and bottom lines with a 61.5% earnings per share growth [2] - Cisco is guiding a 3% to 5% sales growth in fiscal year 2026 [7] Market Trends & Dynamics - Overall marketplace conditions are improving, with restaurant foot traffic showing improvement from Q1 to Q2 of the calendar year [3][5] - Restaurant foot traffic was down approximately 35% in Q1, improving to approximately 15% down in Q2, a 200 basis point improvement [5][6] - The company anticipates the restaurant foot traffic run rate to be around -15% going forward [6] - Travel and hospitality business is performing well, with Cisco winning share in the non-commercial sector, which constitutes about a third of the business [8][9] - Cisco holds number one market share in travel and hospitality, sporting venues, and office complexes within the non-commercial sector [9] Food Inflation & Supply Chain - Overall food inflation for restaurants is approximately 25% across 13 merchandise categories [10] - Beef costs are elevated, with inbound food costs to Cisco being approximately 10% higher, a condition expected to persist due to supply and demand imbalances [11][12] - Elevated beef prices are anticipated to continue for the foreseeable future, offset by decreases in other categories like produce [13]

Core Insights - Giftify, Inc. is leveraging its gift card marketplace to help consumers manage rising food costs, particularly due to record-high egg prices and inflation in the grocery and restaurant sectors [1][2][4] Group 1: Company Overview - Giftify, Inc. operates CardCash.com and Restaurant.com, focusing on the incentives and rewards industry [6] - CardCash.com is a leading secondary gift card exchange platform, allowing consumers to buy and sell gift cards [6] - Restaurant.com is the largest restaurant-focused digital deals brand in the U.S., offering thousands of dining, retail, and entertainment deals [6] Group 2: Market Conditions - The average price for a dozen eggs reached $4.95 in January, with forecasts predicting a 41% increase this year due to supply chain disruptions from a bird flu outbreak [3] - The bird flu led to the culling of 18.8 million hens in January, significantly impacting egg supply and prices [3] - Rising food costs are also attributed to increased tariffs, labor shortages, and transportation costs, creating a challenging environment for consumers [4] Group 3: Consumer Solutions - Discounted gift cards provide immediate savings for consumers on groceries and dining, helping to offset rising prices [2][5] - CardCash.com offers discounts at major grocery retailers like Giant Foods, Kroger, and Trader Joe's, as well as popular restaurants such as IHOP and Olive Garden [4] - The platform aims to alleviate financial strain on households by providing practical tools for cost reduction during periods of food inflation [5]

Core Insights - Giftify, Inc. is leveraging its gift card marketplace to help consumers manage rising food costs, particularly due to record-high egg prices and overall inflation in grocery and restaurant sectors [1][2][4] Industry Overview - The average price for a dozen eggs reached $4.95 in January, with forecasts suggesting a potential increase of over 41% this year due to supply chain disruptions caused by a bird flu outbreak that led to the culling of 18.8 million hens [3] - Restaurants are responding to increased ingredient costs by adjusting their menus, with chains like Waffle House and Denny's implementing surcharges on egg-based dishes [3][4] Company Strategy - Giftify's CardCash.com offers discounted gift cards for major grocery retailers and popular restaurants, providing consumers with immediate savings to offset rising food prices [4][5] - The platform includes discounts for grocery stores such as Giant Foods, Kroger, and Trader Joe's, as well as dining options at restaurants like IHOP, Texas Roadhouse, and Olive Garden [4][5] Consumer Impact - Discounted gift cards are positioned as a practical tool for consumers to reduce food expenses during a period of inflation, allowing them to maintain their shopping and dining habits without significant changes [4][5]