any way, chipotle not cheap at any time.ter and july looks better, too, and stocks down. you don't need to buy it here and, again, it's not cheap. i still think that they are going to have a significant image problem to overcome. >> well, they obviously have, right? everybody thought that it would recover very quickly. clearly the new program they are rolling out is addressing that. to me it's a wait and see. i don't think it's a bad buy here because you know where you're stopped out. 384. held above that. for most of june, all of july, so if you want to buy it here you know that's where your stop out is. >> okay. coming up on the program with stocks holding steady right near all-time highs, what are some. undercover names that have helped fuel the charge? we will have those names for you and tonight, of course, is the night republican nominee donald trump takes the stage in what may be his most important speech ever. john harwood, what is the late on the expectations at the rnc? >> reporter: simon, this is donald trump's to

and chipotle's coming up last. because i think it can turn things around, for now it's still stuck in the doghouse. my advice, i want you to stick with cmg. a year from now, i think the scare will be bottle of mind. and the burritos on top. >>> sdz, stocks go up in a year. are they lucky ? or are they good? or are they both? >>> and the u.s. spends hundreds of billions of dollar on water. there's one way to keep your money rising year to year. i suggest that you stick with cramer! ♪ >>> lots of times people wonder what really drives a stock. how did nike go higher after weaker futures orders? the answer? people were concerned that nike had high inventories in the u.s. they were scared. and it just plain didn't. less discount being, profit margin is sky high. why did general mills start rising ahead of the mondelez hershey deal. because they took out artificial ingredients you got a sudden double digit growth. no one was expecting anything like that, plus the offloading of green giant for $765 million to b and g fie

do you want to mention chipotle? >> chipotle?we'll do it after a quick break. >> talk about it after that. hey gary, what are you doing? oh hey john, i'm connecting our brains so we can share our amazing trading knowledge. that's a great idea, but why don't you just go to thinkorswim's chat rooms where you can share strategies, ideas, even actual trades with market professionals and thousands of other traders? i know. your brain told my brain before you told my face. mmm, blueberry? tap into the knowledge of other traders on thinkorswim. only at td ameritrade. announcer: are your children in the right car seat for their age and size? it may be too late to check when you're on the road. [blaring car horn and skidding] fortunately, you're on the couch. but i keep it growing by making every dollar count. that's why i have the spark cash card from capital one. with it, i earn unlimited 2% cash back on all of my purchasing. and that unlimited 2% cash back from spark means thousands of dollars each year going back into my business... w

david: chipotle struggling for many months now. a chart looking at comp sales.iesthose broke. we have seen that real decline. incentives for customers to come back. we will see. julie: that's a new loyalty program. scarlet: they want to reverse that 30% drop. david: they need you. scarlet: maybe. julie, thank you. that does it for bloomberg markets. miss" is next. the s&p 500 losing eight points. ♪ ?c+sv >> moments away from the closing bell. i'm scarlet fu. >> i'm matt miller. scarlet: u.s. stocks closing lower this afternoon and the dow ended the nine-day winning streak. joe: "what'd you miss?" scarlet: we break down a number of them are facing brands. joe: how has globalization helped the economic outlook. matt: general motors hosting record second-quarter results. scarlet: the dow ending the winning streak. treating the record highs. eight out of 10 major groups were down, industrials and energy the laggards. se: not a huge

>> chipotle. >> according to tim. >> trades at roughly 40 times.ot a cheap stock and if anything, let's face it, still dealing with the fallout of actually sales so on a trailing base thinks stock may actually look more value-oriented then it might be in the future. it's amazing how sentiment on a stock can sway. i'm not saying they don't deserve or don't deserve the public furor that's going on. >> it will never go away. >> it will eventually go away. >> too many things all in a row. >> you went to the segment where there's one treat. >> always one tweet. one could go there and has nothing that has anything to do with a meal saying they feel sick. it never goes away. >> the power of twitter, by the way. >>> next up and sticking with the food space, shares of whitewave surging 18% upon news that the organic's is going to be bought by tdid i danone, makf danon. >> i i don't know if the ownership of campbell's would lend itself to that just now but it's a good fit for a kraft company? >> what do you think? >> all looked at the names and i think you a

starbucks and chipotle fall short. the consumer is in focus. that's coming up. >>> plus, your money, your vote. donald trump accepting the nomination for president. it's friday, july 22, 2016 and "world wide exchange" beginni n right now. >> good morning. happy friday and welcome to "world wide exchange" on cnbc. i'm sara eisen along with my friend don chi todwhich yo chu wilfred. >> together we will lead our party back to the white house, and we will lead our country back to safety, prosperity, and peace. we will be a country of generosity and warmth, but we will also be a country of law and order. >> we will discuss his speech, ivanka's speech, in just a moment. >>> first let's checks on the global marlinskets this morning we mentioned the dow breaking that nine-day winning streak. still not off from record highs. indicating a modestly higher start for wall street futures. dough futures up 33. nasdaq futures up 11.5. as for the 10-year treasury note yield we saw yields come down just a bit in the selloff. it was a reversal of what we had been

chipotle still trying to bounce back from its recent e-coli out break. but did it's 'food freebies' lure in diners? >> vicki:and later. the man seen in this video. speaking out after he's shot by officers while his hands are in the air. >> steve: but first. the republican national convention wrapping up tonight. we go live to cleveland. for hey guys lunch is here! it's on me fellas. with the chase mobile app, stephen curry can send money to more people in less time. thanks, steph! no problem. even to friends in a growing number of other banks. ya'll ready to go? come on fellas let's go! easy to use chase technology for whatever you're trying to master. (cheers & applause) >> but to do that we must break free of the petty politics of the past. >> remember, all of the people telling you you cannot have the country you want for-that are the same people that would not stand for it they said trump does not have a chance of being here tonight. not a chance. the same people! oh, how we love to defeat those people! (cheers & applause) >> steve: it is offical. do

chipotle is trading down.rading up so we'll see what they say in the conference call and howard schultz of starbucks has a tendency to actually chew people up on the call. >> brill griffith, thanks so much for sticking around. >> have you seen what they are saying on twitter? >> oh, no, you wouldn't. that's right. >> you'll have to tell me. >> you can read about it in "usa today" tomorrow because they have picked up the story, and if nokes don't know what i'm talking about, it's on our website on cnbc.com. see you tonight. >> see you tonight and see you tomorrow back there at the stock exchange. catch special live coverage of the republican convention right here on cnbc tonight at 10:00 p.m. eastern. >> that does it for "closing bell." thanks for joining us. "fast money" begins right now. >> okay. this is it. "fast money" starting right now. live from the nasdaq market site overlooking "new york times"'s times skwarz i'm simon hobbs in for melissa lee. tonight on "fast" we're hours away from the biggest speech

chipotle says it doesn't know how long it's going to take to recover from e.tbreak and nuro vie sis -- virus. lea: general electric tops our list this morning. that would be the largest growth in five years. renew is expect today rise by 7%. we will also hear from american airlines, world's largest airline to report decline after rival southwest ramped up competition in dallas. honeywell to report increase. lauren: goldman sachs is raising a private equity fund of 5 billion to $8 billion. the new corporate buyout fund is the banks first such funds since the financial crisis. jpmorgan nears settlement on asia hiring. the bank is expect today pay about $200 million to settle criminal investigations and hiring sons and daughters of people in asia. liberty media's ceo floated about a 15-dollar per share offer for pandora but the journal says proposal for internet-radio company was rejected. lea: well, coming up big night for trump's oldest daughter ivanka. >> as president my father will change labor law that is were put in place at a time when women were not a sig

their friends have to say let's go to chipotle, not chipotle to tell people to do it. if that happens, you'll see the stock move very quickly. they've got so many outlets, so many places, so many opportunities for the sales to rise, but i can see chipotle moving very quickly. that's just my opinion. >> jeffrey, i wonder, as i recall they have not totally identified what the cause of these e. coli outbreaks were. if they were able to do that and say we've definitively got it under control, would that help the stock? >> sure. i think that would be a net positive. but at this point i'd say it's pretty hard for them to be able to make that claim. >> late. yeah. it's late. >> all right. gentlemen, thank you for coming onto discuss it with the nearly 5% move up, jeffrey bernstein of barclays and restaurateur tim love. >> a lot of love. >>> up next, a true high flier you might want to consider owning that name. and later, how the kardashian kids could help save a struggling retail brand. plus -- >> up next, this yale grad quit her job search to satisfy her sweet tooth. >> i s

the message that sent chipotle stocks tumbling.e fogging is oorr - for west nile virus in n jose. this map shows whereit ll happen. crews wi spray thearea parkway and st >>> some fogging is in order for the west nile virus. crews will spray the area around gaudalupe parkway and west expressway saturday night. mosquitoes tested positive for the west nile virus. >>> one tweet, that's all it took to send chipotle stock plunging today after they have struggled to save their reputation. the author of the latest jason bjorn book. he tweeted his editor ended up in urgent care after eating at chipotle. the stock then dipped more than 3%. many people are stuck between challenging whether chipotle was really to blame. >>> jeff, we have a lot of events on the line tomorrow. we have gymnastics at sap. kevin durant is in town. we don't want to disappoint him sorks him, so we need some good weather. >> we'll start with foggy weather, but we'll be clearing with at least partly cloudy skies. to the north, some unusual july rainfall. we'll let you

chipotle announced it will open the first burger restaurant later this year. it will be called tasty made and the first location will be outside of columbus, ohio. chipotle which had been struggling after the e. coliout break caused a large break in sales. meteorologist bill evans with the accuweather forecast. >> gloomy look from the fort lee side across the george washington bridge with rain and that will continue. at times it has been heavy to the south and west across long island sound. this will continue today. have your gear. which will the rain end? midday today. the sun should break out during the lunch hour. we get to 83 this afternoon and steamy and stuffy. we have a way to go with the rain. heather will tell you a slow go lots of accidents. weather and traffic every seven minutes. how is it going? >> one accident that has been with us. it has been since the minute we got on the air this morning. this is the new england thruway near cedar street. this is near exit 16. we have major backups because of this. the right lane is getting by. this is the so

chipotle has struggled to recover from an e. coli and norovirus outbreak last year. its profits plunged 82% last quarter as the company resorted to pricey promotions aimed at luring customers back. ben: nobody one last time. the jackpot prize. if you're wondering your odds of winning are about one in 292 million. maria: jc just said she is going to buy for everybody. this afternoon she is celebrating her 107th birthday. get ready to meet una and hear her secrets to longevity. that's next on newscenter 5 at >> don't act silly. that takes care of everything. maria: behave yourself. ben: that is what she said. she celebrated her 107th birthday. una bonkrude was born in 1909, just to give you a little perspective women were not allowed to vote, life expectancy hour. una taught piano lessons until she was 99 and continued to play in her church until she was 105. maria: she looks good. let me tell you. she deserves everything. ben: we are tracking some rain. >> rain in the forecast. possibly some flash flooding. finish. >> a new problem in the war on opioid. how some addic

chipotle still feeling the aftereffects of last year's e. coli outbreak. 82% compared this summer to last summer. health issues began last july. by the end of the outbreak in january, restaurants in dozens of states had been affected. chipotle tried to reassure customers it has taken a number of steps to improve food safety. michelle: time for a check on the roads. angela foster is in the abc7 traffic center. we need good news on this friday. angela: i wish i had better news. i have to tell you we have had three beltway accidents in the last hour. the only good thing about those they have been moved over to the shoulder. i want to quickly go to the map to show you we are dealing with a pretty serious situation out of the district on the sout east/southwest -- southeast/southwest freeway. it's before you get to the thd causing major problems because we have been blocking the center lane for quite some time. we have a lot of red on the map. you can see in the northeast corner of the capital beltway heading toward the i-270 spur. we take a live look here appr

of the journey of chipotle itself?>> half a million bucks, we'll talk to uber facts chris sanchez how how he turned unimportant information into cold hard cash when we which back. c back. o bac. . >>> chipotle is unveiling an animated short film. it's third since 2013. it's looking to gain traction since it took a hit. this short film is trying to turn things around and support their summer rewards program. will this get diners back into restaurants? this is called a love story, what do you think is really going on here? >> i think this is incredibly super indulgence. if you're chipotle you need to be thinking about your customers, they don't care about this animated love story, they want to know what's in it for them. they're hoping it's not e. coli. this is not the way to go about it. >> a heritage reminder of -- >> it's not. they've gone astray and they need to come out and say what they've done to fix the problem. you've got this rewards program which is just for the summer. you'll get people hooked on coming back

. >>> a man in washington is trying to prove a point hoping to eat at chipotle restaurants for a whole year. [bell rings] on the first day of school, i learned... it only takes some thing small to go from not friends... to totally friends! [bell rings] in third grade, i learned... we all make mistakes. but... it's all about how you fix 'em. mistakes, they're not so scary. >>> the throwers would head to the lake for a master's rowing competition. u.s. rowing southwest regional masters quarter finals would get underway this morning. teams from all across the state and across the country. racing the thousand meter course to find the fastest rower. and the organizer says that it will be an exciting sport. >> everybody wants to get to the finish line. ahead of everybody else. and by in large extremely fit. >> and that competition is open to amateur athletes 21 years and older. >> a washington state man is hoping to teach a lesson in fitness and nutrition by eating at the burrito chain chipotle for a whole year. devin cunningham ate at chipotle every day for a year to prove a point as we wan

then you have chipotle up here.ven though the stock has gone down, the forward pe has actually gone up. so still trading at some lofty evaluations. shery: i like their burritos. julie: i like their burritos, too. scarlet: not a fan. but hey, free lunch. mohamed el-erian penned a fresh, today on brexit and the impact on central banks. he spoke was vonnie quinn and mark barton on the phone and give more details. mohammed: central banks are now looking at even more difficult growth. most agree that the brexit uncertainty will not at least a half percentage point. and all thatospect comes with that, the central banks, the bank of england of particular, feel that they need to do more. likely, the ecb will do more qe. vonnie: the spread between the two and 10 year is now six basis points. well the u.s. continue to be a safe haven for investors? and what will the federal reserve have to do? mohamed: so the federal reserve right now is seeing its yield curve captured by what has happened in europe. and the result is a relen

not really chipotle.gain, like josh said, the ubs call was for 500 to 405. 400 is a big level where the stock sits now. if it holds for 100, a shot. selling rice and beans a little meat. margins are good. >> the margins are really good, just that -- >> problem is -- >> they have to spend too much on marketing, killing some of the margin. >> it can be done, though. >> mcdonald's did it. they said, what do customers like the best about this place when in their darkest times and built marketing around it and did come back. they got people back into the store. it can be done. the question is, do you want to take the chance -- >> and also the sweet spot -- >> the key! >> look, no yield as well. >> the concept, no casual, no fast food has ever kept -- on borrowed time for a couple of years already. the first question you want to ask the analysts is, where have you been? coming down to lthis level make no sense. could easy go to mcdonald's multiple. >> take a while. >> egregiously overvalued. >>> coming up, as t

. >> caller: i've got a question for chipotle. >> sure, i'm there for chipotle. >> caller: after reaching 750 in 2015 it started dropping like a rock. i bought it at 520, thinking it was done. then it had more problems and dropped to 384. now it's slowly beginning to climb. do you think i will ever get out of this hole? >> i think you should double down. they might have minus 20 sales. there was a time when taco bell was knocked out of the bus, but look at it. i think you should be -- >> buy, buy, buy! >> with chipotle. this time next we're it will look like you've made a great deal of money. the customer is always right. now that the customer's demanding natural and organic products, they want, yes, actual taste. just kidding. this stuff always tasted great. now it's natural. the companies that responded like general mills, they have been hauj wuge winners. does ran gold have more room to run? and upstart blue mad is attempting to upend the flower industry with making petals a bigger of your work. can it work? and don't miss the fun in a rapid fire edition of the lightning round. stick w

coli outbreak at chipotle hurt their bottom line.e's profits dropped 82% when you compare this summer to last. the e. coli outbreak that plagued chipotle restaurants started last july and by the end of the operations january, restaurants in dozens of states had been affected. chipotle made moves to stress food safety to employees but the company hasn't recovered as much as investors hoped. >>> general motors is recalling more than 300,000 heavy impalas over faulty airbags. gm says that two crashes and two injuries may be related to the problem. the front passenger seat can rub against wires causing an airbag failure. the recall is happening in the u.s. and canada. some 2009 and 2010 models were affected. >>> the national retail federation says families are expected to spend about $8 billion more on back-to-school shopping this year. their annual survey reports k through 12 and college spending will be up to $76 billion. they say consumers are willing to spend more but, of course, are still looking for bargains. >>> time now 5:56. in

chipotle which has been struggling after an e. coli outbreak says the new restaurant will serve a menu limited to burgers, fries and milkshake. a violent robbery. another tied up and held. what the attackers were wearing that caught the attention of police. also new developments in a case that captivated a country. the one once of killing washington intern chandra levy face a new trial? what a nightmare a man creeps in a home and watches a couple sleep. the bizarre break in caught on >>> hello, i'm lori stokes. >> i'm rob nelson. david and shirleen are off. >>> we begin this half hour with an armed robbery at a business in brooklyn. police say video shows one of two suspects in a fedex uniform leaving the scene. they are accused of pistol whipping and robbing a man in the accounting office. >> mallory hoff is learn in williamsburg with the story. mallory? >> reporter: lori, rob, at this hour, investigators are trying suspects in the case. they spent last night many hours collecting evidence. this morning the business is locked up

. >>> 4:52, and more trouble on the menu at chipotle. why the ceo could be soon out of a job. >>> if you have a cool camp for us, e-mail us at coolcamps@kpix.com. we would like to share a story about a cool summer camp, and you have one this week. >> thursday; right? >> yep. ,,,,,,,,,,,,,,,, says she has a solution. rachel ginis says: there's actually a lot of ud key is to tu >>> tackling the san francisco housing crisis is a daunting task but one woman says she has a solution. the key is to turn singles into in-law units calling it a win- win for homeowners and renters alike. >> the environment is changing rapidly. more and more people are looking for this type of housing as a real way to address the housing problem. >> the organization, lily pad homes, has sponsored a state bill that would create an inexpensive and simple permit process for in-law units. >>> more trouble for chipotle. now, the chain has placed the chief creative executive on administrative leave. the reason, an indictment named him as an alleged buyer in a cocaine drug

if we were talking about chipotle and they had bad food out there we wouldn't say let's do more of itse we want the business to grow. we would say let's stop. if you had a dozen eggs and one was rotten you would want to find a way to make sure to know which one was rotten before you served it to people. it means we're trying to be smart and protect the people we have right now. we can be loving and supportive and find ways to help them but right now we know they're a threat to us and we have got to keep our country and our people safe. >> a number of the attacks, chuck, in germany in particular which registered a million refugees last year. a syrian refugee suicide bombing outside of a concert known to be highly dangerous. a asylum seeker murdering a polish woman with her unborn baby with a mow shetty and angela merkel admits they don't have control. >> we can figure out how to put a cell phone inside a thimble but can't figure out how to do investigations on visa except women and children fleeing for their lives. i know they went up to congress and said they couldn't fool anybody. we

. >>> a washington man ate at chipotle every day and said he wants to show people that you can be fit and not give up on your fitness goals and still eat what you like. but first cunningham wanted to bulk up and gained 16 pounds and then his goal was to lose weight and through portion control, he dropped 26 pounds.>> i will get burritos if i invoking, and i will get the bowls with limited rights and cheese when i want to cut down. >> a few months ago chipotle had to close all of the restaurants in watching the an oregon due to the food scare, but that did not stop cunningham. he drove all the way to british columbia to stock up on burritos.>> okay. >>> 4:47 am and we will get you where you need to go. we can team up, sal, and we will pick out a spot and handle all of the food that we can handle. >> that's right, and we are in the bulk up part right now. >>> good morning everybody, looking at the tracy super commuters, traffic will be busy as you drive through the altamont pass on 205 and 580. 580 traffic is slow, a lot of people already on the road and getting over to the altamont pas

chipotle experienced a drop. free food and safety measures failed to bring consumers following several food born illnesses last year. dow components is set to report this hour. we'll bring you the numbers. that's about 6:30 a.m. in about a half an hour. >> all right. scott. good to see you. thank you for being open to the early wakeup call. get through this together. if we were up late. >> no better way to spend a friday. start your weekend early. >> i'm the person with the sarcasm. are you going borrow it? you want to do it? we're not allowed to be scar sarcastic. just you. okay. >> that's sarcastic too i think. >>> to politics. donald trump accepting the nomination. sarcasm is the demain of losers. i'm a winner. join us now, john, with more on last night. >> reporter: joe, there were hints during the approach to donald trump's speech that he might as the republican nominee begin reaching out to different kinds of americans, expand his coalition. first we heard from the investor peter thiel who talked about his

. >>> coming up in our next half hour more pr problems for chipotle but this time nothing to do with the food. >>> the fbi interviews hillary clinton about her pry voot server. >>> and a driver leads police on a hundred mile an hour chase through city streets. wait till you hear who officers found behind the wheel. a u-c berkeley student was g those killed in last >>> you're watching kpix 5 news. >>> our top stories tonight a uc berkeley student among those killed in last night's siege in bangladesh. 18-year-old tarishi jain was one of 20 hostages killed during the ten-hour standoff. class mates remember her big heart and dedication to helping people abroad. >>> a stretch of contra costa boulevard a shut down after a water main break left a lot of water behind. it's likely to be the same story tomorrow. repair crews working around the clock to get that done in time for the fourth of july parade. >>> and be careful where you set off fireworks this weekend so called safe fireworks are only legal in a few cities. nevada firefighters have launched a huge campaign to try and keep illegal

. >> the unique sell, chipotle firing at its rivals when "squawk on the street" continues.rea sikon. medical doctor from cleveland clinic, watson, let's review the electronic medical record of the next patient.. no problem. it's a pretty huge file. done. sorry for the wait. that was quick. as part of our research, i also compared lab results with notes about prior treatments, then cross referenced it with thousands of medical journals. and i get the benefit of much more data, and a lot more time to plan the best treatments. i stay focused 24/7 and never sleep. you sound like a lot of medical students i know. thank you. i stay focused 24/7 and never sleep. ordering chinese food is a very predictable experience. i order b14. i get b14. no surprises. buying business internet, on the other hand, can be a roller coaster white knuckle thrill ride. you're promised one speed. but do you consistently get it? you do with comcast business. it's reliable. just like kung pao fish. thank you, ping. reliably fast internet starts at $59.95 a month. comcast business. built for business. >>>

from burritos to burgers chipotle is opening the first burger restaurant this fall in ohio called tasty made. it will serve burgers fries and milk shakes. they are trying to e.coli and norovirus outbreaks that cut into salesmtv is tapping into nostalgia. beginning august 1, 35 years to the day they first went on air, the station will launch 9 #s themed channel. it will show some older fans favorites like laguna beach cribs and punked. and when it comes to concerts, a new study found. >> fish fans are willing to the online site found fish fans traveled 152 gadget brooks one direction and adele. >> that makes sense. fish fands going the distance -- fans going the distance. >> thanks jill we will talk to you next hour. >> not a drought butter but severe drought and any rain is welcomed news. it's going to be a bit of a damp start to the day a flash flood watch for southeastern massachusetts until 9 p.m. there may be amounts to top out over 2 inches in the heaviest downpours. we will watch the localized flooding threat through the day today. look at high resolution doppler radar and there a

now, we hear chipotle cooking up something new. what can you tell us? >> reporter: okay, from burito's to burgers, chipotle opening its first burger restaurant this fall, going to be called tasty made, will serve burgers, fries and milk shake. still trying to recover from the norovirus that cut into sales. >> i wonder if that will work? >> hopefully. jill, i heard this rumor i need to you confirm, i am hoping, m tv may be launching new channel based on the 90's and early 2,000's? i feel like i'm getting a flashback of my early youth. what's behind this? >> that's right, m tv's tapping into viewers' nostology starting august 1st, which is actually 35 years to the day that m tv first went on air, m tv will launch 90's theme channel, it will show some fan favorite like laguna beach, beavis and buthead and punk, i used to love punked. i'm excited for this. >> nostalgia, i feel awfully old. >> i don't believe jim watched any that far. >> i did, i did. >> thank you, jill. after the break, katie tells us parts of our their we can expect a wet commute this morn

these new chipotle thins aream you got that right. mmm. mmmm. guys!ekend. yeah. maybe at your house. any party can be a great party with new tostitos cantina chipotle thins. >> trevor: thanks for tuning in. that's our show. it's unfortunately the end of our week here in philly. before we go, i want to thank everyone here at the annenberg center for helping us put this show on. (cheers and applause) more especially the people of philadelphia, thank you so much for welcoming us and stuffing us full of your heart attack inducing delicacies. we've enjoyed all of it. i think somebody is going to have to roll me out of your city by the end of it all. now here it is... your moment of zen. ♪ sweetol

coli outbreak took a huge bright out of chipotle's business, down 82% when you compare this summer to last summer. the e. coli outbreak that plagued them started last july and by the end of the outbreak, since january, restaurants in dozens of states have been affected. chipotle made moves to stress food safety to employees but the company has not recovered as much as investors had hoped. >>> general motors recalling more than 300,000 chevy impalas sedans in the u.s. and canada. there could be an airbag that could fail. two crashes and two injuries may be related to that problem. some 2009 and 2010 models are affected. >>> a stanford student created a way to fight parking tickets with technology. 19-year-old josh browder developed a website called do not pay. it uses artificial intelligence to create a robotic lawyer also known as a bot that asks a few questions about the ticket, looks for potential legal issues then it converts that information into a challenge letter that goes out to local authorities. no money changes hands. there are no ads on the site either. >> the fact that i c

. >> and chipotle switches things up. the plan to get into the burger business. >> reporter: and an inmate escaped from a new hampshire jail and tries to carjack a woman. she tells us the shocking >>> mtv giving us a blast from the past. plus, the cost of being a couch potatoi didn't look at you for and chipotle getting in the burger business. jill wagner joins us live from the new york stock exchange with today's money watch. good morning. >> reporter: good morning. from burritos to burgers chipotle is opening the first burger restaurant in ohio this fall called hasty made and serve burger fries and milk shakes. they are trying to recover from e.coli and norovirus outbreaks. couch potatoes are costing the economy. a study from the university of sydney in physical inactivity cost the world 67.5 billion dollars in direct and indirect costs in 2013. factoring in things like obesity diabetes heart disease and early death. and mtv is tapping into viewers nostalgia beginning august 1, 35 years to the day they went on the air t

chipotle cares about the quality of food it serves. the end, the two kids realized that really matters is them and food. >> they are working hard to win back those customers. they have had a lot of bad publicity and they are doing everything they can. >> chip topia, that reward slam? i'm still thinking about it! >> we got to get on that, right? i think everybody would get into that. maybe a little free food? jill wagner at the new york stock exchange, thanks a lot, jill. >>> coming up, dangerous child play. the government announces a major recall of hoverboards over bad batteries. it's also fast but unlike godawgs it makes heartburn after dinner, history. new mylanta® tonight. faster than heartburn. whatever you're drinking. wherever you are. splenda zero is a fun, easy way to get the perfect amount of sweetness, down to the last sip. zero calories. zero carbs. zero sugar. zero effort. new splenda zero. gun. the new tactics used, that ended up saving the life of everyone involved. gruesome video emerges showing a traffic stop that left

chipotle is going to be a share to watch. share of the chain down.his company continues to struggle with the fallout from its problems last fall. plan d . that's about as far as i'm going to go. trying to recover from series of food born illness. second whether sales have recovered following the e. coli scare. chipotle has been pumping up customer loyalty programs. offering free brurritos. continue to droif that momentum. it could take years for sells to fully recover. is down more than 12% so far this year. the third thing to watch. the menu. watch to see if the recent addition of chor right knee sow helps to alleviate the drop in quality. >> thank you very much for that. made me hungry. >>> it's day four of national convention in cleveland. today's speaker ivanka trump and finally the candidate himself, mr. trump. joining us now, good morning to you sara, thanks for much for joining us. heard you discussing yesterday what we were to expect from ted cruz. you kind of call he wouldn't in fact endorse mr. trump. therefore we were overreacting a bit to

. >>> chipotle is out with a message. love story is about two young children who operate rival food stands, but their competition spirals out of control. ingredients and larger menus. the message? chipotle cares about the quality of food is serves. in the end, the kid know what matters between them and food. >> they are working hard to win back those customers. they have had a lot of bad publicity and doing everything they can. >> chip topia, that reward slam? i'm still thinking about it! >> we got to get on that, right? i think everybody would get into that. maybe a little free food? jill wagner at the new york stock exchange, thanks a lot, jill. >>> coming up, dangerous child play. the government nous a major recall of hoverboards over bad batteries. meet godawgs, the fastest food truck in brooklyn. meet mylanta® tonight. it's also fast, but unlike godawgs, it makes heartburn after dinner, history. new mylanta® tonight. faster than heartburn. whatwherever you are.ing. splenda zero is a fun, easy way to get the perfect a

chipotle ended the day down a fraction to 14, 870.espite the increase results weren't good enough to top revenue targets. the company reported product in line with estimates and reaffirmed its outlook for the year. shares of at&t initially fell into the extended session but finished the day down a fraction to 42.52. >>> shares of southwest fell their most in seven years. lower fuel costs helped drive profit higher, but that wasn't enough to hit targets and revenue was also shy of forecasts. that news sent shares down 11% to 37.32. biogen topped profit and revenue financials thanks to strong performance in its multiple sclerosis and hemophilia business. the biotech company also announced a $5 billion share buyback program and raised its guidance. biogen also said its ceo would step down in the next few months. shares up 7% on the news to 282.:45. >>> profit fell nearly 20% at union pacific as weak demand for consumer goods hit results and earnings still managed to match wall street targets. revenue at railroad operator didn't fare as w

chipotle shares took a hit after the e.ast fall and interesting fact picking. >> quickly the cartoon is basically saying, hey, these two rivals, grew as the business came in, they resorted to processed ingredients. we're about fresh, quality foods, never mind the food illness outbreak last year. ashley: it's up a point. almost at $400 a share liz: will it work? wait and see. ashley: following the fbi's announcement of no charges, the our next came out with the headline, hillary clinton just had the biggest day of her campaign. doug shone, we had a guest after the announcement, said that hillary is doing the happy dance. you still believe it's the best day of her campaign? >> absolutely. i mean, look, i think by election days, five months from now, we're not going to be parsing jim comey's words about what's extremely careful, careless, or-- >> you don't think that donald trump will hammer her on that point until the day before we vote? >> i think he will. it's clear, she has a five or six point lead right now and i suspect

t so chipotle is struggling touggg make a come back after the e.rovirus outbreaks last year. discounts might hurt them inmith the end. >> but in the meantime i like the discounts. >> reporter: good stuff. good su >> let's talk about steves talbo mentioned this and i kind of o was with him. him >> reporter: yeah. r >> i kind of thought thatgh nobody was really buying the vcr's anymore they weren'tyerent being made but i guess that hadn't happened until now. >> reporter: not only areor theyte still being made, they were 750,000 of them sold last ar >> wow. >> reporter: who is buying a vcr? well, if you are in theret market for one, you want watch w a family film or something young shot back in the 80's you havesv until the end of this months mon because the company that makes the vcr, there's only onenly on left, they're not making anyinga more come next month.onth so, the name of that companyny is funai electric. and vcr do you remember whatremb that stands for. >> vc, video something recorder. >> reporter: cassette.tte. >> videocassette recorder.or

>> we will talk about chipotle and last night.ally expectations were really low, maria, the bar was really low and coming into last night you had over three quarters of the companies reported surpass the expectations. expectations were a lot lower. take a company like goldman sachs, everybody was excite that had they beat analyst estimates for the second quarter. however, the numbers had been lower substantially. it's not a question as what's good, what's bad. the point is the bar is low and they are exceeding it. in the case of chipotle they weren't really exceeding it and that's something interested in looking at that company but looking at the u.s. consumer as well. maria: that's an individual story. as always, dagen, it's always the guidance. what are we hearing about the rest of the year, has that the been better than expected? dagen: again, your winners have been in technology to a certain extent. but what about the sectors that look very expensive at this point and i think technology would be one of them, right, mike? >> ye

he's got a sell rating on chipotle. it's worth saying that chipotle says that it has not been notified of any outbreaks or any sicknesses, referring specifically to this tweet. what does this show you in terms of the headline risk that's still there in the name? >> everyone's very jittery. there's zero visibility around the current trends. and so every incremental data point that may impact even more the visibility into a sales recovery in the near term is impacting the stock. the bottom line is we need to see starting in q4 positive coms, and we're starting in q3, and we need to see in the report some kind of data points that give us more confidence that comps are going to turn positive, and we're on a path towards mid teens coms for two years in a row starting in 2017 to get back up to the 2.5 million pre-crisis level. >> have you got any indications at all that there's any momentum at all? i mean, are they giving away free food, making a new video, will that be enough to turn this thing around? >> so far, it hasn't b

david: yesterday we were talking about chipotle. vonnie: -- julie: and how terrible those chipotle numbers were. same-store sales down 23.6%. it's a huge drop. stock was lower earlier in the day. it looks like chiptopia is to thank for this. the ceo did make some encouraging comments on the call, saying sales trends were starting to improve and he gave some credit to this new loyalty program. asjust want to say chiptopia many times as possible. matt miller a proud member. those shares have turned around. vonnie: thank you so much. now let's get a check of the headlines on the bloomberg first word news. mark crumpton has more from our newsroom. mark: we begin with the latest details on that story developing out of germany. the public broadcaster said at least 6 people have been killed in a shooting at a mcdonald's restaurant at a mall in munich. police are hunting for police two shooters at this hour and urging people to stay inside and avoid public faces. my colleague is in munich and she joins me on the phone with the latest tr. el

. >>> chipotle is planning to open a burger restaurant.t will open a restaurant called tasty made his will be open in ohio. it will focus on burgers, fresh cut fries and milk shakes that are made with high-quality ingredients. the change comes as chipotle is trying to win back customers following a number of food scarce. >> reporter: welcome back everyone, 6:23 saturday morning, is this going to be a beach weekend? that's the question as we head out of the month of july and get ready to move into august. temperatures down the shore are warm and humid. ocean city and margate. 70 degrees. later this afternoon you'll pick up a nice sea breeze that will keep the temperatures at bay, 79 or 80 for lbi. 82 in atlantic city. ocean city, 82. clouds and limited sun. very humid and the uv index because of the clouds is on the moderate side. the burn time is 35 minutes. cape may, 82. rehoboth beach 82. ocean off the coast of delaware beaches up to 74. jersey shore seas 2 to 3 feet. ocean temperature, comfortable, 70 to 72. burn index moderate. and the

a woman he allegedly photographed inside a chipotle. another woman who is still unidentified. and perhaps most egregious, two women he allegedly upskirted after upon toking -- after stopping them for traffic violations. >> this is a major violation. no one should feel that their privacy would be violated in this way, walking through a sports authority or going into a chipotle to have a meal. or certainly sitting in their vehicle, pulled over by a police officer am. >> reporter: prosecutors suspect that those were legitimate traffic stops. but that sims took advantage of take photos of their private areas. it is unclear if they knew what he had done. >> whether they had come forward or not, they had concerns. >> the grand jury indicted officer sims on four counts of what they call visual surveillance with purrian intent. that is punishable by a year in jail for each count. they also indicted him on two counts of misconduct in office. that is an open-ended sentence for that. it's whatever the judge feels does not constitute cruel and unusual punishment for the crime. live at pri

chipot chipotle, slumber j and tar bucks. i find chipotle's stock increasingly compelling, particularly around the $400 level. i think you put some on, as they say in the business. how about slumbership? they cut its workforce and been doing better than everyone else. still, it's in the oil and gas business. so if oil jumps, that's tnot going to matter. we buy more if it comes in before or after the quarter. same goes for starbucks. the company had to raise wages. my advice, this one you wait until you see the quarterly report before you buy. finally on friday, two of my ultra faves. honeywell and general electric. both companies have been out and about with their ceos talking very positive about their businesses as of late. my suggestion, if either stock comes down because of some exojnous event? pull the trigger. >> buy, buy, buy, buy, buy, buy! >> they're that good. and honeywell, i'd like to see the soon-to-be retired ceo sm h smashsmash earnings. opportunities mostly come after the quarters when the short-tempered hot he

and then you have chipotle. after a series of health scares including e.e out of the bottom line again. second-quarter earnings expected to go down about 80% from last year. the chart you called ugly, nicole, certainly is. revenue expected to fall 12% in the quarter. nicole: mike pence accepts the republican vice presidential nomination rallies gop faithful. we will look at the changing role of the vice president. >> mike pence might not fill the traditional role of being the attack dog, but he still has an important role to play. nicole: a look at the convention. fox meteorologist maria molina looks at when the heat that will break. you are watching "fbn:am," your first look at money market and wiki news. -- morning market and breaking news. and happiness♪ ♪but above all this i wish you love♪ ♪and i will always love you, i..♪ nicole: good morning. 5:45 a.m. in new york. indiana governor republican vice presidential nominee mike pence for the crowd at the convention last night. but this praise of donald trump could undertakers angered the crowd when he spo

name bearsment for chipotle after top executive was in indicted. the charges he's facing. >> daring rescue on mount shasta. what made the attempt so shasta. what made the attempt so dangerous and rescue >>> there is a new embarrassment for chipotle. prosecutors reveal indictment involving one of the company top executives and cocaine drug ring. the chief creative and development officer is charged with a single count of criminal possession of a controlled stachbilitys a spokesperson says he's on administrative leave. >>> two chp helicopter pilots showered with praise following a daring rescue on mount shasta last week. ken and daniel landed the chopper near the summit of the mountain to rescue an injured climber. chp says the highest landing rescue ever by the northern division. wasn't easy. it began with a cruise shedding 300 pounds of usually necessary gear in order to reach the altitude. >> didn't have our medical stuff. it was purely a rescue mode of getting the guy off the mountain. >> i actually got a fist bump on the way down the mountain so that was pretty cool. >