both burger king and tim horton's recorded the same sales growth because of new product launches.n the meantime wendys is testing anti-biotic free chicken items in test markets. they're moving away from antibiotics in meat as consumers grow more concerned before how food is produced. shares at wentdywendy's off slightly. >>> earnings and revenue topped consensus late today. shares dropped off initially after the close. before the bell the stock was off by 4% to 197.68. >>> two companies are steps closer to becoming public companies. budget fitness chain planet fitness said its looking to raise more than $200 million in its initial public offering which would then value that company at 1 $1/2 billion. separately television maker vizio filed preliminary documents for an ipo, the company is known for its low priced televisions and it plans to raise about $170 million. >>> money is pouring in to legal online sports betting. fantasy sports site draft kings, which lets users bet on actual professional and college sports is getting another $300 million round of funding. the latest round

the company also owns the tim horton restaurant chain. orders for durable goods increased 3.4%. it was the first time in three months there has been a rise in durable good orders. by the rich getting richer? new figures from bloomberg say yes to get latest index shows the world of the word -- the worth of the world's top billionaires rose $195 billion. delegates dropped more than $2 billion in 2015. increased by nearly $20 million. your top stories. coming up in the bloomberg market day, the sense of calm that has fallen over the chinese market has been shattered yet again. we will hear from richard haas. and when will the companies behind the sharing economy changeover from freelance workers? we will discuss that and the initial report on second-quarter gdp comes in later this week. all that and much more coming up. morgan stanley commodities analyst tom price says it could even go as low as $800 per ounce in a worst-case scenario when he spoke to olivia sterns and pimm fox earlier today. tom: we are struggling to find a benchmark we can believe in. the number is based on the m

the company also owns the tim hortons restaurant chain.l become the first national retail chain to sell the apple watch. this is besides apple stores. more than 100 best buy stores will begin selling the apple watch a week from friday, and 200 stores will get the device in time for the holiday shopping season. best buy's website will also offer it for sale. those of the top stories of the morning. olivia: tech startups like uber raised billions of dollars from private investors, so why go public? square filed confidentially recently for an ipo, they did so on friday. that's according to people with knowledge of the matter. pimm: under the jobs act, but is can file fly the -- file quietly if they have less than $1 billion in revenue. cory johnson joins us now from san francisco. tell people what is square, and whatever itlued at might be valued at, and white people want to buy it? cory: we don't know what the valuation will be, we have a clue because filing of the job act, it limits companies to less than $1 billion in revenue, which is of

burger king had foreign operations they didn't want to manage so spun off tim hortons and tim hortons got bought out and grew and turned around and bought burger king. p this was not a vicious plot to get around the international attack rule, it just happened in terms of economic growth. it's one of the funniest cases out there but this is going to happen more and more and more as time goes on if congress doesn't get off the dime. >> we need to wrap up this panel. the next panel is here. so please join me in thanking our five panelists. [ applause ] [ applause ] >> thanks david. for the last panel of the day i want to introduce steve moore. steve is the distinguished visiting fellow at the heritage foundation for economic freedom and opportunity. in addition to his role at the heritage foundation, he's a contributor to the "wall street journal" and fox news. served under former chairman dick army of texas and budgetary affairs and special consultant to the national economic foundation and president regan's commission. he holds a masters degree in economics from george mason university

case you're not familiar with it is a place where for some reason they call dunking dough nets tim horton'sut other than that we're very similar. i do love canada. we owe canada a lot. until canada came along, everybody thought bacon only came in strips. canada proved it can also be round. they're like the christopher columbus of bacon in that way. happy canada day to those of you who deserve it. [ cheers and applause ] this is an international show tonight. the winner of the world's uggi lest dog contest is here tonight. the ugliest dog in the whole world. [ cheers and applause ] her name is quaus moto. every year dozens of dogs travel to petaluma. they've been doing this 27 years. the dogs are scored in a bunch of different categories like personality, special or unusual attribu attributes, and natural ugliness. quaus moto did very well in us a of those. she really is a weird-looking dog. i'm not going to show you what quaus moto looks like yet but i do want to show you how people react to her. we put a camera on her head and walked her around is office. you see not only is quasimoto terr

sales of the tim horton's donut chain, shares are up 7%.restaurant brands international. >> thank you very much. let's go over to the cme group and check in with rick santelli. >> good morning. camp. our first guest of the week. charles, thanks for taking the time. >> hey, rec. >> all right. you know i read your research. your notes faithfully. this morning the one thing i totally agreed on and i'd like you to dig down into it. we've seen some rather aggressive inflows into bond etfs and mutual funds. tell me. >> well, there has been a lot in the last month-and-a-half activity going into bond etf and bond mutual funds and there has been money coming out of equities. people are nervous, scared. the u.s. economy is really not growing. the economic index shows no growth. it was up 4.5% last year. people are putting money into bond funds. we are seeing bond prices going up. the more money the higher bond prices go we are seeing money into high yield believe it or not. >> so if i think about that should the fed and stanley fisher prevail and a s

burger king had operations it didn't want to manage, it spun off tom horton's -- tim horton's or tom horton's? it spun off and then turned around and bought burger king. not a vicious plot to get around our international tax rules happened in terms of economic growth and the companies were familiar with each other and went ahead and did it. just one of the funniest cases out there, this is going to happen more and more and more as time goes on if congress doesn't get off the dime. >> we need to wrap up this panel. our next panelists are here. please join me in thanking our five panelists. [ applause ] >>> thanks david. for our last panel of the day, like to introduce my colleague, steve moore. steve is the digg sting wishing fellow for the heritage foundation for economic freedom and opportunity, in addition to his role at the heritage foundation, he is a contributor to "the wall street journal" and fox news. mr. moore has served as founder and president of the club for growth, a senior economist at the joint economic committee under former chairman dick army of texas, the grover m. h

for operations didn't have to manage so it spun off tom horton, tim horton. got bought by another canadian firm and grew and this was not some vicious plot to get around our international tax rules it just happened in terms of economic growth and they went ahead and did it. one of the funniest cases out there but it will happen more and more as time goes on if congress doesn't get off the dime. >> we need to wrap up this panel. our next panel if they are here, please join me in welcoming our guests. [ applause] [inaudible conversations] >> thanks, david. now for our last panel of the data like to introduce my colleague steve moore, distinguished visiting scholar in the project for economic growth at the heritage foundation and economic freedom and opportunity in addition to his role at the heritage foundation he has contributed to wall street journal and fox news. .. two leading intellectual advocates of the flat tax here today, starting with alvin rabushka ending with arthur laffer. they have been two most influential people promoting this idea the last 25 o

and tim horton scott bought off of another canadian firm and got bought from burger king.us plot to get around international text world. that happens that the familiar familiar -- the companies were familiar with each other. one of the funniest cases out there but it's going to happen more as time goes on if congress doesn't get off the dime. >> we need to wrap up this panel and our next panelists are here so please join me in thanking our five panelists. [applause] [inaudible conversations] [inaudible conversations] >> thanks david. now for a last panel today i would like to introduce my colleague steve moore. he is a distinguished fellow in the project for income and growth at the heritage foundation or economic freedom and opportunity. in addition to his wrote the heritage foundation is construed as "the wall street journal" and "fox news"." mr. moore has served as president of public growth a senior economist at the joint economic committee under former chairman dick armey of texas the grover m. hermann fellow at the yardage foundation is special consultant to the nati