>> for chipotle, i do.they are stealing costumers from guys like olive garden and red lobsters, where people find that the value equation is just not there anymore. >> susie: nick, do you sewown any stocks with chipotle are panera? >> i do not. >> susie: nick seytan, thanks a lot. >> >> susie: president obama was not only focused on those budget talks we reported on, but also immigration. he met with a dozen c.e.o.s from top u.s. companies like yahoo and goldman sachs at the white house today. immigration reform is a key part of the president's strategy to revive the economy. and tom, most c.e.o.s favor it because getting highly skilled immigrants into the u.s. helps our competitiveness. they're all for it. >> tom: lots of concentration on immigration and ployment and wage growth, no doubt. let's go to tonight's "market focus." the broad market returned to a new five and a half year high during today's trading session. the buying started right from the opening bell with the s&p 500 climbing throughout the s

>> for chipotle, i do.they are stealing costumers from guys like olive garden and red lobsters where people find that the value equation is just not there anymore. >> susie: nick do you sewnown any stocks with chipotle are panera? >> i do not. >> susie: nick seytan thanks a lot. >> >> susie: president obama was not only focused on those budget talks we reported on, but also immigration. he met with a dozen c.e.o.s from top u.s. companies like yahoo and goldman sachs at the white house today. immigration reform is a key part of the president's strategy to revive the economy. and tom, most c.e.o.s favor it because getting highly skilled immigrants into the u.s. helps our competitiveness. they're all for it. >> tom: lots of concentration on immigration and ployment and wage growth, no doubt. let's go to tonight's "market focus." the broad market returned to a new five and a half year high during today's trading session. the buying started right from the opening bell with the s&p 500 climbing throughout the ses

while i was doing interviews, got news out of chipotle. seemed like a not so hot less than 4% same-store sales. we used to get double-digit same tore sales. you know i've been waiting for chipotle to increase the prices on the menus, they haven't. the salsa, yeah, they had to move west coast salsa to east. and if you took time to listen to the conference call, you knew they can take a price increase now and would most likely do so this year and they are not worried about the consequences because people will stick with them. the uninformed goofus dumps the stock where it opens. the informed gallant buys it there. yes, it was that easy. as long as you knew the metric that chipotle had the ability to put through price increases for its delicious, healthier burritos and salads. thank you for that tofu salad, now my kids will like everything on the menu. now, sometimes you can use your homework to justify and understand the market. even though you may not be able to make money until a later occasion. case in point, the disappointing numbers, al

chipotle and yum! brands have really been going after each other, between taco bell and chipotle. so, it should be kind of interesting to see how that competition pans out. it is kind of like coke/pepsi in the '90s. > what about the jobs number? what kind of fallout do you expect will be in the market this week from that number? > > that jobs number was... ok. and the fact that we didn't sell off on it means we are probably going to go higher on it. > would you be a buyer of this market then? it sounds like you are. > > absolutely. i would be a buyer of this market, and collar it with the vix at 1290 with s&p 500 options. > i am always a little concerned though as we get up here. the average investor starts to get all excited and starts putting money in. that seems to be a sell signal for some traders sometimes. not so much this time? > > not this time, because i don't think the retail public is in yet. > good to have you on the show. that is mark sebastian of option pit mentoring. consumers are resuming an old habit - buying and counting on credit. the credit-scoring firm fico fo

while i was doing interviews, you got news out of chipotle. seemed like a not so hot less than 4% same-store sales. we used to get double-digit same store sales. you know i've been waiting for chipotle to increase the prices on its menus, they haven't. the salsa, yeah, they had to move west coast salsa to east. and if you took time to listen to the conference call, you knew they can take a price increase now and would most likely do so this year and they are not worried about the consequences because people will stick with them. the uninformed goofus dumps the stock where it opens. the informed gallant buys it there. yes, it was that easy. as long as you knew the metric that chipotle had the ability to put through price increases for its delicious, healthier burritos and salads. thank you for that tofu salad, now my kids will like everything on the menu. now, sometimes you can use your homework to justify and understand the market. even though you may not be able to make money until a later occasion. case in point, the disappointing numbers, a

. >> let's go with chipotle ketsup, why not? >> chipotle ketchup. >> why not?it sounds good, actually. >> does beer count as a condiment? you guys want to have a beer? let's get wasted! i could do to jail and still be drinking beer. i'd be super popular. >> you'd be popular in jail, all right. [laughter] >> you guys have a nice night. >> take care, bro. >> question, why is leann rimes waging a legal war on her dentist? answer, because he did this to her! oh, dear god, she looks totally fine. why is she suing the dentist? >> because he messed up her teeth. >> allegedly. >> her dentist did work on her over three years, nine root canals, veneers on the top. and she said at one point the pain was so bad in her mouth, it felt like someone hit her in the face with a bat. >> here's a computer simulation of what that might look like. god, computers are awesome. back to leann. >> she's saying that over time it has screwed up her mouth so bad, it affects her singing, the way she looks, everything. >> why did leann get all that dental work done? because she came to an imp

. >> let's go with chipotle ketsup, why not? >> chipotle ketchup. >> why not?it sounds good, actually. >> does beer count as a condiment? you guys want to have a beer? let's get wasted! i could do to jail and still be drinking beer. i'd be super popular. >> you'd be popular in jail, all right. [laughter] >> you guys have a nice night. >> take care, bro. >> question, why is leann rimes waging a legal war on her dentist? answer, because he did this to her! oh, dear god, she looks totally fine. why is she suing the dentist? >> because he messed up her teeth. >> allegedly. >> her dentist did work on her over three years, nine root canals, veneers on the top. and she said at one point the pain was so bad in her mouth, it felt like someone hit her in the face with a bat. >> here's a computer simulation of what that might look like. god, computers are awesome. back to leann. >> she's saying that over time it has screwed up her mouth so bad, it affects her singing, the way she looks, everything. >> why did leann get all that dental work done? because she came to an imp

tofu now on the menu at chipotle thanks to the help of a small east bay company. the restaurant testing out a new vegan burrito dish. this one comes with shredded organic tofu from oakland's soy company. it's stuffed with other good things. chilies and all those spices. the tofu burrito will be tested at seven bay area locations and if diners approve, chipotle will add the dish to restaurants coast to coast. >> a mexican tradition. >>> twitter used as a shopping tool. you may never leave home. for details on that and the rest of our news before the bell, let's turn to jackie deangelis live at cnbc world headquarters. good morning, jackie. >> reporter: good morning, laura. tofu burrito, not sure i'm sold on that one. futures are a touch lower after stocks started the week on a down note. s&p 500 is suffering from a case of the mondays. the benchmark index is closed lower every month this year but still finishing out each week in positive territory. coca-cola reporting earnings before opening bell this morning. we saw dow falling 21 points yesterday to 13,971. the n

there is a sliced tomato and a chipotle mayo we make in house. i brought a lot of food so you guys can eat. we have a curried chicken with the jasmine rice and yams with pineapples. the reason use the pineapple's is because it allows you to have less sugar. everybody is trying to be healthy and eat right. this is where it starts right here. >> let's keep moving. we will find out more about the salmon. >> this is the orange-seared salmon with orange marmalade and a little olive oil. >> what will you do with the salmon? >> we will sear it on both sides. >> that's it. that's where you get that great citrus flavor, they aren't as juice and orange zest to bring it out. -- the armed jews and the orange zest to bring it out. -- the orangejouice and the our zest. >> just log in to our website for more recipes, wbaltv.com. we will be right back with more news in just a moment. here is another look at the >> we are back and still cooking. >> two more dishes we have -- the amazing curried chicken and the world-famous bader not squash pipe. -- but are not sq

. >>> starting today, tofu is on the menu at chipotle. they are testing out a new vegan dish coming with shredded organic tofu. this one is stuffed with fixings over there at chipotle. chilies and the spices. the tofu burrito will be tested at seven bay area locations and if the diners approve and like that new flavor, chipotle is planning to add the dish to restaurants coast to coast. >> i'm just hearing my grandmother. if you prefer doughnuts and pizza, head to the south bay according to the mayor of london. scott mcgrew, why is the mayor of london giving us restaurant reviews? >> he was trying to make the point that london is more interesting than san jose. i'm not sure that was ever in doubt. he said silicon valley "you've got lots and lots of sort of doughnut shacks and pizza huts and roundabouts. it looks like anywhere else to me. london is a far more attractive place to live." to which we respond, mr. mayor, we also have a mall so great we call it the great mall and mr. johnson, we have sunshine. we also have all of the money. that

all right, the one i like to think of, it's not a lemonade stand, chipotle.ve labor and they have food and customers. the more customers they can serve per hour, the more leverage they have. the keys to the gross margin at chipotle are the cost of the beef, chicken, tortillas, the cost of the labor and most importantly the number of customers they can push through in a given day. of course there are dozens of other inputs advertised in leases in the stores need to have as little turnover as possible because the cost of training new employees is tremendous. it's a huge obstacle to making a lot of money. th that's the former ceo of costco made clear to us. legendary for paying his employees the most and treating them with the best of benefits because it's so important to keep them happy. so the firm doesn't constantly have to train new people. new people are not known to the regular customers who like to see the same old hopefully smiling faces. new people cost too much money. same goes for chipotle where the most talented people are quickly given promotions an

. >>> and chipotle was also high on online sales as it continues to span. cable group liberty global struck a deal with virgin media for about $20 billion and buts john malone up against rupert murdoch. >>> the fbi arrested 18 thieves tuesday, ringleaders in a massive credit card scan who created thousands of identities to steal millions of dollars over the last decade. >>> meanwhile, the federal reserve is admitting one of its servers was hacked. the bank said no functions were compromised. >>> the state of florida is in hot water with executives over a $380 million ad campaign designed to attract new business. instead, it's getting called sexist because the "i" in florida has been replaced with a men's neck tie. >>> researcher at kansas state university claim between 60% and a whopping 80% of the time at the office is spent cyberloafing, the official term for watching cute animals or shopping online at the office. >>> according to a pew survey, more and more web users some like 60% taking breaks from facebook, the reason from privacy policies and disagree

first, soup of the day is chipotle beef. i want to brag how well a pronounce chipotle. when i don't, you twitter. best . crème. cookie. crème. cookie. [ whispering ] crème. [ whispering ] cookie. [ whispering ] crème. [ whispering ] cookie. [ whispering ] crème. [ whispering ] cookie. crème! [ fire alarm ringing ] [ whispering ] firrreeee! crème. cookie. crème. cookie. [ whispering ] i'm calling the cops. [ police siren wails, car horn blares ] crème. cookie. [ whispering ] you guys have to stop fighting. we're the cops. [ male announcer ] choose your side at oreo.com. that's a good thing, but it doesn't cover everything. only about 80% of your part b medical expenses. the rest is up to you. so consider an aarp medicare supplement insurance plan, insured by unitedhealthcare insurance company. like all standardized medicare supplement plans, they pick up some of what medicare doesn't pay. and save you up to thousands of dollars in out-of-pocket costs. call today to request a free decision guide to help you better understand what medicare is all about. and which aarp medi

. >> chipotle ketchup. >> that is your thing?hipotle recipes. >> i didn't trademark that yet. here we go. >> is that mine? okay. >> the deal is that you just take it and you pick it up and you crunch it, just like this. you can hear that crunch. it's nice and juicy. you just take a bite. >> jimmy: guillermo, you want to share this with me? >> guillermo, i just ate your burger. >> jimmy: that's all right. he can share it with me. we share food anyway. remember jessica said she was vomiting yesterday? [ laughter ] >> how about some guacamole? >> guillermo still loves me. we shared a booth. >> jimmy: this is absolutely delicious. >> this is like the best burger ever. >> jimmy: i'm sorry my mouth is full. where do you find the worst cooks in america? [ laughter ] >> don't you feed him? >> jimmy: sometimes. >> dicky: up next, rachel weisz learns something new about elvis >> jimmy: he died on the toilet. which is how i want to go. [ cheers and applause ] >> jimmy: say hello to rachel wei weisz. [ cheers and applause ] are those for me?

. >> panera and chipotle. >> chipotle talking about raising food prices.erage. they would go up. chipotle has bottomed. >> what's up tonight? >> okay. you know, i've got a very controversial story tonight. he reported a good number, people don't like it. i think that hain is doing well. chipotle, listen to me, they've got a new tofu dish which is what my daughter's requested for four years and they've got it. >> see you tonight at 6:00 and 11:00. >> you bet. >> we'll hear from the post office about saturday deliveries when we come back. great, everybody made it. we all work remotely so this is a big deal, our first full team gathering! i wanted to call on a few people. ashley, ashley marshall... here. since we're often all on the move, ashley suggested we use fedex office to hold packages for us. great job. [ applause ] thank you. and on a protocol note, i'd like to talk to tim hill about his tendency to use all caps in emails. [ shouting ] oh i'm sorry guys. ah sometimes the caps lock gets stuck on my keyboard. hey do you wanna get a drink later? [ male a

al qaeda in iraq, al qaeda in libya, euro al qaeda, chipotle. [ laughter ] oh, really they are not part of -- i thought al qaeda bought that from mcdonalds? either way it's delicious. [ laughter ] lest you worry that we're being too general about who we can target and it's too late to cancel your incredibly ill-advised spring break trip to the yemen sandals. [laughter] the leaked document lays out clear limitations of when terrorists can be targeted. we only take these kinds of actions when there's an imminent threat. >> jon: imminent threat. by definition that requires clear evidence to a specific attack on u.s. persons and interests will take place in the immediate future. >> an imminent threat does not require the united states to have clear evidence that a specific attack on u.s. persons and interests will take place in the immediate future. [ laughter ] >> jon: really because that seems like if you did that you would have to create a different definition for the word imminent, a broader concept, if you will. >> they use the phrase broader concept of imminent. [ laughter ] >> jon: s

as which know from the day that chipotle lost a hundred points. it was kind of a minor miss. typically, growth stocks won't trade down to one times the growth rate, unless that's something wrong with the fundamentals. even secular growth. possibly because of higher interest rates, that makes the multiples and growth stocks shrink. they become less attractive to the yields that people can get from cash or treasuries. bonds, stocks, they're in the supermarket. stocks win sometimes. bonds win sometimes. by the same token, lower rates make growth rates more attractive and cause the multiples to expand. there's the lesson. more important when you own a high growth stocks you need to be sensitive with the way that the earnings estimates are going. and whether they're increasing at faster or slower paces. these stocks can sort after new highs and new highs as long as they're raising the estimates quickly enough. when they have momentum a stock like apple can double over the course of 12 months and the multiple be lower than where it started because the earnings estimates increased e

. >>> mexican fast food chain chipotle was higher on sales. liberty global struck a deal to buy britain's virgin media for about $23 billion in a move that puts u.s. billionaire john malone up against rupert murdoch. >>> the fbi arrested 18 thieves on tuesday. ring leaders in a massive credit card scam who allegedly created thousands of fake identities to steal millions of dollars over the last decade. >>> meanwhile, the federal reserve is admitting one of its internal websites were hacked. this after the group claimed it struck the fed on sunday. the central bank says no critical funks were compromised, though. >>> the state of florida is in hot water with female executives over a $380,000 ad campaign to attract new business. instead, it's getting slammed for being sexist because the letter i in florida has been replaced with a bright orange men's neck tie. >>> a new study finds wasting time on the internet at work is even more common than you think. researchers at kansas state university claim between 60 and a whopping 80% of screen time at

i want you to think like chipotle. painful because it lost 100 points after it reported a disappointing quarter in the summer of 2012. selling your winners into the rally may sound like pure lunacy, but it makes sense. by virtue of the performance, they're taking over a larger and larger chunk of your portfolio. let's use apple as an example. it was 10% of your portfolio and then it down doubled. since you need to stay diversified you need to trim the monster winners as great as they might be, just to keep them from dwarfing your other positions. short term rallies give you a great chance to unload them at the great prices. even if the stock tells a great story, nobody lost money taking a profit. again, remember, you don't have to sell everything. you can keep some shares on the table. but please ring the register on some of them. so that you're playing with the house's money. >> house of pleasure. >> those are the good stocks you should sell on the strength. what's worth selling that's not good? of course you should g

. >> also have chipotle mexican coming out with, in a moment and zynga as well, technology. do you like tech here? >> yeah, although i think what's happening, you're seeing a shift to more risk large cap to small cap, growth to value. i think that's the trend. >> all right. thank you both. good to see you. as you can see executives from the brand name, makers of the baking soda arm a.m. hammer ringing the closing bell. stay tuned for disney earnings. >>> and it is 4:00 on wall street. do you know where your money is? hi, everybody of welcome back to the "closing bell." i'm maria bartiromo on the floor of the new york stock exchange. this market rallying back after monday's selloff but the dow jones industrial average unable to close above the 14,000 mark. a rally on the street of 98 point, set lipping at 13,978. up three-quarters of 1%. nasdaq higher, up 1.25%, technology, one of the leadership groups on the upside. 3171 and the s&p 500 up 15 points, better than 1% to 1511. three straight triple-digit moves for the dow strilz, up, down and up today. we bring in ed batowski a

." >>> a small east bay company is helping chipotle going vegan. the fast food restaurant will test out a new vegan burrito dish. it will be tested at several bay area locations. if diners like the new dish, chipotle will added to the menu nationwide. >>> about 25 minutes ago we saw it out there. potato chips on the new york stock exchange this morning. >> and toys too. scott mcgrew says it's a kids' delight on wall street today. >> all kinds of interesting opens on wall street and the nasdaq this morning. good morning to you. so we have hasbro and we have frito lay. not doing much good. dow industrials up 12 points. nasdaq down about the same. the san jose business journal this morning says chip maker is going to build a massive new campus near its current headquarters and a million square feet. we're talking facebook or apple size campus. and virgin america is adding new routes this morning from san francisco to austin and san francisco to anchorage. austin of course is a tech center so sfo austin flights are often called nerd birds. just a coupl

>> let's start with chipotle, up strongly in the afterhours. reporting a ig here quarterly profit, despite higher food costs, which clocked in at 33.5% of revenue. increase of 130 basis points. revenue jumping some 17% to $699 million. sales at restaurants opened at least 13 months up 3.8% on increased traffic. looking ahead for 2013, chipotle forecast flat to low single digit sales growth at established restaurants, that is excluding any menu price increases. investors applauding the report in the afterhours. remember, back in october, hedge fund heavy david einhorn called them an attractive stock. the news for panera, the company came up light on the top line, but looking ahead to the first quarter, they said they are expecting earnings of $1.62 to $1.66, that's in line with the street and would represent a 16% to 19% pop versus the year ago period. melissa? back to you. >> thank you, josh. where do you stand? i know you go to qdoba. >> i haven't been in awhile. i had it at the airport. >> cmg? >> it's an opportunity to sell it again. i'm sor

chipotle hopes to give people who don't eat meat another reason to come into its stores. >>> and happy fat tuesday. the celebration is yell underway in new orleans. mardi gras's traditionally celebrated the day before ash wednesday. 1million people are expected to take part in the festivities. >>> today at 5:00 on the news, is it really your ticket to ride? what we've uncovered about a growing crime targeting consumers looking for a good deal on b.a.r.t. tickets. >>> thank you for trusts ktvu channel 2 news. we'll see you the next time news breaks and we're always here for you at ktvu.com. [this broadcast captioned by erin c. mcclure]

keep the rally going after better than expected earnings from walt disney, gaming company zinga and chipotle and panera. the dow climbed 99 points in trading yesterday. it starts today just a smidge below 14,000 so maybe we'll hit that mark today. nasdaq added 40 points. the s&p 500 was up by 15. >>> a new government report predicts the budget deficit will drop below a trillion dollars for the first time since president obama took office. the congressional budget office also predicts the economy will grow by 1.4% this year. the cbo predicts the unemployment rate will hover around 8%. >>> shares of the maker blackberry surged 7% in trade yesterday. research in motion says there is a record demand for its new z-10 smartphone in canada. it also reported that sales in england are off to a pretty strong start. the touch screen phone will go on sale in the u.s. next month. the q-10 smartphone with the keyboard, though, probably not going to get your hot little hands on that one in the u.s. till may or june. >>> the justice department says it has uncovered one of the largest credit card frauds of a

. >>> mexican fast food chain chipotle was higher as they continue to expand. global struck a deal to find britain's virgin media for $23 billion in a move that puts john malone up against rupert murdo murdoch. >>> the fbi arrested 18 thieves on tuesday. they krae ated thousands of fake identities to steel millions of dollars over the last decade. the federal reserve is admitting one of the internal web sites was hacked. this after the group claimed it struck the fed sunday. the central bank says no critical functions were compromised. >>> the state of florida is in hot water with female executives over a $385,000 ad campaigned zipd to attract new business. instead, it is getting slammed for being sexist because the letter i in florida has been replaced with a bright orange men's neck tie. >>> a new study finds wasting time on the internet at work is more common than you think. researchers at kansas state university claim between 60 and 80% of screen time at the office is spent cyber loafing. the official term for watching cute animals or shopping online at the

it is the second location inside an airport for chipotle. there's another one in washington. maryland workers are eligible for federal income after they lost jobs from hostess. the 18,000 workers are eligible for trade adjustment assistance. maryland work force agencies will be contacting those workers. there's more information on our website, wbaltv.com. >> google has a new contest. explain what people would do with the new google blast technology. if you win the contest, you win a chance to pay for them. $1500. the deadline to apply is next wednesday. google does not plan to sell those glasses until next year. fewer americans are spending money. jane king has the bloomberg business report. >> are you spending last now that your paycheck is a little lighter? the payroll tax hike is leading more than 7% of americans to cut back on spending. gas prices are on the rise. walmart had dismal sales. there will report their quarterly results today. we have a pullback in stocks yesterday. not all policymakers are on board with the -- ofw about taking a bowl seri cereal with you? brea

chipotle warned of higher food costs affecting its bottom line.inga also said to release results ahead of that report. jim, lots to get through this evening. >> yes. disney, last quarter, people didn't like the movies. they even were worried about espn. and then the stock is up, this fabulous performer. i think the same thing will happen again. trigger pullers will say it's not good enough. we look at it, a month from now, and it's above 54. i do not -- there's a lot of good theme park news coming. i think that espn has done remarkably in this recent quarter. a big year for espn. those who want to sell it, and think they can be clever enough to come back in it, good luck to you. it's not worth selling. >> will we see the turn finally in chipotle stocks on the back of the earnings? i think a lot of people are hoping they'll say they'll be able to raise prices. the drought is impacting their ingredients. >> i think they have the ability to raise price. i think they've guided down enough. if you remember, the last guide down, this stock started going

we did chipotle pesto. and they're so diverse, you could do anything. it could go with fish, meats, pastas, anything. basil pesto. >> supplying steve with all of that versatile greenery is bay area legend armanino foods. in business since the 1920s when the family supplied fresh vegetables and herbs to the growing italian community in san francisco, they are now the leader in fresh-from-the-farm pesto, all thanks to a special recipe for success. >> recipe for pesto actually started with my grandmother, and we thought it was a great product, but no one knew about it. and so, we tried it @nd processed, brought it to the supermarket, and it started to work out. >> the armanino family says the first year, they sold only 1,000 or so cases. but now, they are shipping upwards of a million cases annually. and they attribute much of their success to their special connection to agriculture. >> a lot of people don't realize just about everything you eat today, you knop, originates on the farm. a lot of people don't even consider that or don't think about it. wheth

steve ells, who founded the chain chipotle, graduated from the cia in 1990, and cat cora, known internationally as the only female iron chef on the food network's "iron chef america," also graduated from here in 1995. the grstone branch campus opened in st. helena in 1995 and has been continuously proding top-notch chefs. >> coming here to napa, california, there's fresh, almost any kind of ingredient, produce that you would want, fresh herbs. the herb garden here at cia is amazing. >> here students cultivate edible flowers, vegetables, and fresh herbs. >> it's learning how to plant, what to plant, when to plant it. i live about 1,000 miles up right now, so it's a little colder, and you have to realize, like, i can't plant tomatoes when they're planting tomatoes down here. it's just understanding the seasons and understanding when things want to grow and then they're gonna grow the best. >> students feel and i feel that by producing our own ingredients we can become better chefs. we'll get to learn a little bit about our food systems and how we interact with our food systems. we're in a unique