and -- >> brinker was just pathetic.challenges, and packed their margins, did they leave anything else out let's just use the term shortfall. >> they guide upper net to basically half of what the estimates were. >> i don't know, i think they're going to do better chi chipotle, i think is not having they problems. >> what about tesla? >> what kind of food do they make [ laughter ] >> goldman does defend starbucks and mcdonald's. >> tesla -- china numbers are great, then it will be austin, they have what they call a road map so any time the stock goes down, it will move back up. >> it's interesting, now outperforming the broader market adam jonas is a tesla guy, i'm trying to get him to be a ford guy. he better get on the bandwagon. >> i think he stuck with 900 on tesla yesterday. >> upgraded to $15 to $20, valuing argo, which is autonomous, at $5, and rivian, and jim farley they've had some meetings about taking on tesla. they're not just sitting there they are very belichick-like, kind of a smiling andy reid and bell cli

when we come back, big money movers including shares of brinker international. two interviews fresh from the milken conference in los angeles talking crypto and energies. and former saudi chairman. later, rbc capital's lori calvasina and her take on the run. more coming. don't go away. or it could be y there's a cyberthreat. only comcast business' secure network solutions give you the power of sd-wan and advanced security integrated on our activecore platform so you can control your network from anywhere, anytime. it's network management redefined. every day in business is a big day. we'll keep you ready for what's next. comcast business powering possibilities. make fitness routine with pure protein. high protein. low sugar. tastes great! high protein. low sugar. so good. high protein. low sugar. mmm, birthday cake. pure protein bars and shakes. for every fitness routine. you could spend half an hour preparing for the half hour status meeting. orrr... you could cancel the meeting and share updates in slack instead. it's where your whole team is in one place so e

shares of brinker are down as much as 10% is down today.s down between 18% and 30%, mike, over the past six months why are they bearing the brunt of this? is it -- i don't want to say unfair we understand why it is happening. >> sure. >> i guess is it an opportunity for the long run or can their model just not keep up >> well, i think the model has to be adjusted because, you know, there's a way to look at the big picture and say the companies have been in the business of under paying their employees and under charging customers. it has always been about kind of more calories per dollar you know i like that metric, kelly. at the same time kind of keeping their staff a little bit on a shoe string. there's something unique going on in the context of, yes, wage growth everywhere, labor shortage everywhere, but retail and restaurant in particular people are just opting out they're saying whether it is just not the kind of employment i'm willing to take if there are other options or if i have a little bit of a cushion that was built up by some o

let's start with the restaurant names, red behind me brinker under the most pressure, down nearly 9%ting labor chall he cans and higher food costings, on pace for their fourth straight monthly decline. canadian national railway up 5.8% on news the ceo will retire at the end of january. investors were calling for his removal after the railroad's failed bid for kansas city southern. >>> novavax also in the red today. i shouldn't say also i joins the restaurant groups. it is down 15 ores on reports its having trouble meeting fda quality standards for its covid-19 vaccine learn more at james kram ir's investing club go to the website or point your phone at the qr code. >> it is time for -- yes, the animation rolls, the music sounds trading nation chinese stocks making a surprise comeback this month. billy billy, alibaba -- i want there to be a chart with about about and o'reilly auto parts. you got it, about about o'reilly an obscure who reference anded by you soring in october this as the chinese economy slows. at its weakest pace in a year. should the bounce be believed. we asked our t

now that issue is cropping up in the restaurant space brinker international said in a pre-release challengesin just the other issue in focus labor challenges domino's saw staffing shortages and suggested it would be better positioned in terms of locking in pricing back do you guys. >> thank you. >>> again this goes back to what crock's was -- belatedly people using air freight if they can. if labor is the issue good luck. >> chipotle have raised prices before we'll see what they say. >> sounds like someone is headed to chipotle. thank you so much. "closing bell" is next >>> wendy's this week, as well welcome to "closing bell." i'm wilfred frost at new york stock exchange a mixed session on wall street the nasdaq out performing heading into the final hour of trade. >> i'm sara eisen. welcome, everyone. right now investors keeping a close eye on earnings. ibm sinking and weighing on did dow. tesla higher and much more action after the close jobless claims below the 300,000 level in the latest print. more progress on the jobs front and oil making a move lower. today's downturn

in casual signing stocks after morgds cut price targets for several names in the group including brinker, texas road house, blooming brands a sea of red. cheese cake down 2.5%. analysts are expecting margin pressures related to labor and commodity challenges saying casual diners could struggle through the ends of the year but attract more interest going into 2022 a similar story with domino's. morgan stanley cutting the targets from 559 from 564 but maintaining an overweight rating we will get quarterly results from domino's before the bell tomorrow morning frank back to you. >>> ahead on "power lunch" we are still waiting on comments from president biden in the meantime we will help you perfect your portfolio after the break we will run there four stocks ander is at seppi will tell us whether to buy or to sell we'll be right back. new projects means new project managers. you need to hire. i need indeed. indeed you do. when you sponsor a job, you immediately get your shortlist of quality candidates, whose resumes on indeed match your job criteria. visit indeed.com/hire and get started to

charles: let me is about brinker. that is the loser of the session.arent company of chili's other restaurants. the company saying they can't do it. they're trying to raise prices to keep up with inflation. that will take some time. margins are under a huge amount of pressure. you know, when you see a stock get hit like this, you know they're going to be in this predictment a long time. we have viewers watching, they have a tough time in the market. do you feel eventually they raise prices, inflation pressures go away, the new prices, higher prices are there, they become sticky. that seems like it would take a long time to unfold. would you sell something like this or hold on to the stock? >> the reason, are you kidding on something, we talked a lot of it, a lot is transitory. this i don't think is. go from $8 wages per hour to 22 you can't unwind. every house we look at costs to a restaurants will be 100% more by first quarter next year. only certain restaurants can pass that on. certain cannot. this is example they have a tough time of it. they are a

course, inflation concerns continue to dominate the conversations on earnings calls from nestle to brinker and right here on cnbc >> all of our contacts are saying there's shortages and bottlenecks and they're going to last longer than originally expected but i think all the firms can navigate that and we'll see inflation readings come back down >> i do think that, actually, the inflation which we see right now is obviously alsodriven by certain supply chain problems which we have worldwide. that will a little bit de-escalate a little bit over the next couple of months but i'm a firm believer that we will see the inflation for longer it's not just temporary. >> i do worry about inflation. i do worry about our government because, you know, each government we have is worse than the last i worry about them raising interest rates which we don't need. i worry about pulling out of afghanistan too early. i could tell you a lot of things i worry about. >> we're going to continue to talk about the markets and the wall of worry as the hour goes on but let's get to this morning's top stories. silvana

i think a variety of both labor, you know, kind of labor-dependent companies, you mentioned brinker andl stuff. so anybody that depends on a lot of consumer statements has been pretty conspicuous probably because of these concerns. >> do you watch squid games? are you a fan? >> i haven't started it. it's not clear to me i have been impressed with the fe until none. >> great thanks, mike we'll see you later. they got something they definitely have something people love. >> they do coming up, a giant in the investing world, we'll see whether he was watching street games. paul tudor jones will be joining us live right her on "squawk." you are watching "squawk" on cnbc meet chef clem, owner of doughn't be sour, a sourdough doughnut company. she was flying back from a conference, when she got a text: she needed a bigger fridge asap if she was going to fulfill her orders. so she used her american express business platinum card® to earn more points on the big-ticket purchase. she got the new fridge, fulfilled the orders, and with her extra points, she got new equipment that allowed her to expa

we're looking at some of the movers including brinker, the restaurant chain.. earnings are being hit. supply chain, commodity shortages, labor costs. you not only have to pay the worker more money but pay to train them as well. we're looking $175 more a month on food right now. do you also spend money to eat at chili's, name the restaurant, where menu prices have gone up? stuart: fair point. brinker is the parent company of chili's and mangano. down 10% on the stock. wd 40. lauren: same story. weak earnings. distribution costs. commodity costs lingering to the first half of next year. stuart: that stock down 6.8%. big drop. biontech up. lauren: they have their vaccine with pfizer and the white house said just now once the vaccine for kids younger than five is approved it will be available at pediatrician offices, pharmacies and. there is no government wide mandate but the cdc says we highly recommend you vaccinate your children. if you do we highly recommend they wear masks all day in school. stuart: masks all day in school from the cdc even if the kids become

brinker international sinking today after saying its margins and bottom line were both impacted by labores the company's president saying the covid surge back in august has impacted the company more than anticipated the stock is down more than 9% and a check for you on netflix after reporting an earnings beat yesterday after the bell, the stock did get a downgrade from deutsche bank to hold from buy the firm saying it thinks subscriber growth for q4 is already priced in. stock is down 2% though most other analysts did reaffirm their positive view morgan stanley lifted its target to 700 jim cramer also talking about both of these stocks in his investing club newsletter. to learn more about his stock picks and sign up, you can always head to cnbc.com/investingclub >> or just point your phone at the qr code on the screen and it'll take you right there >> time for a cnbc news update kristina partsinevelos has it for us >> reporter: hi. well, here's what's happening at this hour. the remains of brian laundrie may have been found in a florida park that's according to a lawyer for the laundrie