Thanks (and Inflation) on the Menu 11/24/22
Squawk Pod
CNBC
4.2 • 543 Ratings
🗓️ 24 November 2022
⏱️ 11 minutes
🧾️ Download transcript
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| 0:00.0 | This is Squawk Pod, the daily podcast brought to you by the team behind the |
| 0:07.4 | and the NBC's squawk box. On today's episode, what else? We're talking food. |
| 0:16.1 | Whether you're cooking or going out, inflation is on the menu. This holiday we're checking in with restaurateur Cameron Mitchell and he's |
| 0:20.2 | ready for whatever 2022 brings. |
| 0:22.9 | People just want to get back together |
| 0:25.0 | and enjoy each other's company |
| 0:26.3 | and celebrate the holiday season. |
| 0:27.8 | So we're expecting a fairly strong finish for 2022. |
| 0:31.8 | A candid look at the pressures on cooks, consumers, and business owners. |
| 0:36.0 | In my 42 years in a restaurant business, this is the worst cost environment I've ever |
| 0:40.2 | operated. |
| 0:41.2 | I've never seen this before. |
| 0:42.4 | And what that cost crunch is |
| 0:43.7 | cooking up for 2023. Next year if we do hit a recession sales do start to |
| 0:48.8 | decline we'll see a dramatic pinch to our margins. I'm C. NBC producer Katie Kramer. It's |
| 0:54.6 | Thanksgiving November 24th, 2022 and Squawk Pod begins right now. Oh, Thanksgiving. |
| 1:05.0 | Thanksgiving. |
| 1:07.0 | Mashed Potatoes, cranberry sauce, stuffing, pie, and inflation. Economic pressures have forced many shoppers |
| 1:16.2 | to lighten up their grocery carts in 2022. Not just for the holiday, not just |
| 1:20.4 | for home cooks, food costs are up about 10% for the year according to government data. |
| 1:25.9 | So here at Squackbox to learn more about it, we called someone with boots on the ground in America's heartland. |
| 1:31.9 | Resteratore Cameron Mitchell, who runs eateries in 14 states and Washington, D.C. |
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