on a post-slip basis last month and fast month names are lower year to date and don't forget brian niccol on closing bell. much more to come.yone should b nervous about what just happened to land west, kate. the shares down 28% as dom just told us. they're down 50% in a year. it's not a great read through for what's going on with restaurant margins and visits and traffic and all of that. >> yeah. certainly, they did caution that restaurant and demand went down and we'll hear from mcdonald's and that company said the value bundle and the $5 meal is working and that franchisees will be extending that in most of its market so that seems to be doing well, and i can't wait to hear if its had such an impact on chipotle because it's been so strong with income cohorts. >> kate rogers, thank you very much for that, kate. as we head off to break, some of the earnings we want to flag including seagate. we'll see that in tech check coming up and enphase. pippa stevens will join us to kick off the move on that name and lamb weston and we'll speak with tillman fuertitta about th weakness in the restaur

ceo brian niccol said the directive was never to provide less to customers and added the company willtions more consistent across its over 3,500 locations. >>> that's your cbs "moneywatch" report for this thursday morning. i'm shanelle kaul, cbs news, new york. >> don't skip on the chicken. >>> ahead, safe and sound. how a 70-year-old man was found after disappearing for days in the wilderness. the wilderness. dims my light like a migraine. with nurtec odt, i found relief. the only migraine medication that helps treat and prevent, all in one. to those with migraine, i see you. for the acute treatment of migraine with or without aura and the preventive treatment of episodic migraine in adults. don't take if allergic to nurtec odt. allergic reactions can occur, even days after using. most common side effects were nausea, indigestion, and stomach pain. it's time we all shine. talk to a healthcare provider about nurtec odt from pfizer. okay everyone, our mission is to provide complete, balanced nutrition for strength and energy. yay - woo hoo! ensure, with 27 vitamins and minerals, nutrie

niccol said the company will work toward more consistent portions. >> that's true because i think itre you are and the person who's doing it, because some people are very generous and some people are like, yeah, that's extra like. >> like are they a new employee or have they been there for years. >> there's so many variables there really is. >> all right. but can i be real. >> have i ever left a chipotle. not overfull. no. >> that's not me. >> my bowl is usually. >> >> a good portion for sure. >> yeah. >> yeah. >> so just pull out your phone. you're an influencer i want to see how you're making my bowl. >> make them stressed out extra. that's true. i'm never not full right. >> so maybe you've always been blessed with good people. maybe maybe maybe you go to the right location, shout out to the financial district. >> chipotle. >> they're just happy to see you. yeah. like stop to see anyone. like please come in please. >> the tumbleweed. >> sorry. >> no i'm sorry. no. >> sometimes it is like that down here, which is great for us because then you get immediate service. you do, you do. >

. >>> coming up on "overtime", don't mitt as interview with brian niccol.re hitting new lows here with the s&p 500, kind of easy to say they are crowded and expensive, is there anything else going on that would concern you? >> i think you covered did all, michael. usually in a bull market, you get some selloffs. i think it will turn out to be an official correction in the magnificent 7, but i think you're also seeing, as you pointed out, some money is going into the rest of the market. the big decline is in the magnificent 7. i think when you look at the underlies fundamentals of the economy, i don't think we'll get an economy-wide our s&p 500-wide of 10% to 20%. i don't see recession out there, and i don't think investors are worrying about recession. i don't see a bear market. i think this is a sell-off. they happen from time to time. this one is nasty, because it is a correction in the magnificent 7. >> in fact, just now the nasdaq 100, which basically tracks the missile 7, has clicked to an 8% pullback from the record high, so pretty far away to a 10% m

they'll send trainers to the stores with the most complaints to try to figure out what's going on, brian niccol told investors on a phone call. generous portion is a core brand equity of chipotle. it's always been and always will be. it's been a long time since i've been at chipotle, but i remember them being enormous. the lunch and dinner. well, the thing about i go there quite often. i have to admit, more than three times in two weeks for sure, but typically it's never cold. my meat. oh yeah. no, no. and the portion size is quite a bit. i actually have to tell them not as much of this and not as much of that. right right right right right. i'm surprised they can ever roll it up. well, one time i did, i was like, i must have been hungry. i was like, no, that salsa looks good. and that one looks good too. and that looks good too. dude had to use a second tortilla. sometimes they do break and they're like, oh. and i was like, oh, maybe i overdid it. no, but you know, the salsa is cold. so if you put a bunch of hot, cold salsa on your hot meal, i mean, that's kind of on you. i think. yeah. the ch

. >> i know that brian niccol talked specifically about gaining share across income cohorts, which is amazing, especially considering what is going on in the landscape. think about what happened with lamb weston today, right? maker of french fries and tater t tots, they sell to the industry. they got skewered today. >> sliced. >> grated. whatever potato metaphor you want to make. terrible stock action today and they cited terrible traffic trends. >> you know, cmg is in a really unique space, without question. they've done extraordinarily well. karen just mentioned the fact that, you know, comps, 11.1%, i mean, they continually beat off really tough comps. and they're stextraordinary at . the margin pressures over the next couple of quarters, i think that really spooked the market. it makes sense. for the first time in awhile, people are looking to valuation. but to steve's point, trying to find a place to buy this, not sell it. it's had a deep decline. but the story, i believe, is still in tact, mel. >>> coming up, gilead. what has this name bucking the blood bath in today's action? t

says they'll send trainers to stores with the most complaints to figure out what's going on, brian niccoltold investors on a phone call. generous portion is a core brand equity of chipotle always has been, always will be. so this is not a matter of shrinkflation, which you sometimes suspect with some of this. and he suggested to fortune that you kind of give the guy a little shrug when he's putting on the meat. he says, just do this. you know, that's what he said. that's what a ceo like apes. but then you get that one. i was like, that's going to be extra. and you're like, of course, no, i am extra, you know? but but anything outside of the meat, most of the time they give you a little bit. yeah, absolutely. well and their reputation were for burritos that were just so big. enormous. two meals easily. yes you don't get enough meat. put more lettuce on it. right better for it. and kris is like, no paying for the meat though. all right, thank god. you bet. let's take a live look at the bay bridge toll plaza, where, as you know, the lanes quickly narrow before the span. and at that point, an

chipotle ceo brian niccol clarified in an earnings call that there never was a directive to provide lesswill work toward more consistent portions, shares life is such an epic saga. >> just one memoir won't do, and that's why she announced yesterday on social media that she has two volumes in the work, according to the hollywood reporter. cher, the memoir, part one is coming out on november 19th. cher's 78 and her career spans six decades. in part two is expected to follow in 2025. the memoirs have been highly anticipated since she first teased that she was writing them in 2017. now, cher, you know i'm here for it, are you? >> i'm not here for the name. oh cher. the memoir. i mean, okay, it serves its function, but could we have been a little more creative? >> right? do we need two parts life after love? >> maybe that life after love turn back time a perfect title, so would be uh- >> i don't know something about believe. i mean, she is, so snap out of it. part two could be called snap out of it like me book. that's all it is. i mean, sometimes the easiest route is the best route trick, th

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the only guy who really stayed there was jack hartung, the retiring cfo, so you needed to have brian niccolome in. 18 months is the average time. i looked into it. taco bell, jack in the box, those took 18 months. and this one -- chipotle took 18 months. >> this would be, you think, pretty short-term? >> it will be shorter term because crowdstrike has unbelievable technology, and it was not the technology that was the problem. it was a sloppy update, of which he completely owned. you know who was not hurt by this, apparently? southwest airline. they had nowhere near the latest microsoft windows. they're so far behind i expect it's going to be elliott air. >> we'll get to the elliott stuff later, and another name with elliott today, and of course, southwest has earnings later in the week. we'll get cramer's "mad dash," countdown to the opening bell, one more look at the premarket as stocks look to start the week green. stay with us. (♪♪) ♪ well i was raised by careful hands ♪ ♪ yeah, they made me who i am ♪ ♪ so i'm off to see... ♪ we invent them. we design them. we build them. and one day,

there's one thing that brian niccol said, listen, we instructed everybody, there were some uneven sides never going to criticize a company that did double-digit comp numbers. they will be back. they will be back, and i think people are jarred by the fact that there turned out to be a price that people wouldn't pay. that's what surprised people. we have heather gaines is one of our producers, it's her birthday today, and i know at chipotle, we don't look at the price, but in california, they look. >> i didn't mean to interrupt. the stock was up a lot. >> we didn't know about the california comment. >> i was watching "closing bell." >> same-store sales were terrific, but when you found out the cadence -- plus, can i just say, chipotle tells it. there's no -- there's no omission of facts. >> you see it right there. >> on a chipotle call, and i think that, yes, it was jarring to hear that there was a price, but no, they will be back. >> comps were up 11 and sales up, to jim's point. lamb weston gets a downgrade at bank of america. they were at $109. they go to $66. that's a haircut. >> yeah