let's bring in kate rogers who has a first on cnbc interview with chipotle's ceo brian niccol >> thanks being here. >> great to be here. >> last night on the earnings call pricing power came up a ton. the company has it, consumers are willing to pay more for meals. we don't know how long the environment is going to last but how much pricing room do you have looking ahead. >> the way we look at it for our business is how strong our value proposition is what we continue to hear from consumers is they love our integrity, the customization, the speed, the access. the fact they can still get a chicken burrito or bowl exactly how they want with the quality of culinary and ingredients, we believe we have plenty of pricing power to use at our discretion we will use it when we need to, but obviously, we would prefer to really keep our value proposition as strong as possible i think we have demonstrated we have been smart and judicious in when we choose to use the pricing. >> you have done better than competitors in terms of not allowing the current labor challenges many are seeing impact sales o

it was the first interview with brian niccol they were able to pass the costs on to consumers.ity leader steny hoyer will join us next with a live update. you are watching "squawk box" on cnbc cnbc >>> (vo) while you may not be running an architectural firm, tending hives of honeybees, and mentoring a teenager — your life is just as unique. your raymond james financial advisor gets to know you, your passions, and the way you help others. so you can live your life. that's life well planned. tv: mount everest, the tallest mountain on the face of the earth. keep dreaming. [coins clinking in jar] ♪ you can get it if you really want it, by jimmy cliff ♪ ♪ [suitcase closing] [gusts of wind] [gusts of wind] [ding] >>> welcome back, everybody. president biden sounding optimistic about democrat's chances to pass major upgrade to the nation's social safety net a cnn town hall meeting last night, the president said he thinks lawmakers are close to a deal he also revealed he thinks corporate tax hikes are unlikely to be a part of it joining us right now to give us the latest on what's happ