with 2% of cmg's located outside the u.s. digital. he brought that to cmg. with digital, it's already mature. so, there's 24 million people on their digital platforms, both cmg and starbucks. go ahead. >> technology investment in starbucks, there could be further inest vestment there. he brought the auto-cado. >> i'm not sure what he's going to bring to starbucks that will be a robot behind the counter, but the baristas can probably be replaced with efficiencies there. but i his -- think that -- i believe the stock probably comes in from this spike higher, because it's not a plug and play. it's not an easy fix. >> as somebody who likes a chipotle bowl as much as -- >> i do. i do. and i get disappointed when they don't have the ingredients i want. sorry, the question is? >> hobson's point is, niccol is a retailer through and through. he really is in tune with the consumer. inspirational leader. that's probably a little bit of what starbucks' work force needs right now, because they've been disappointed by the trajectory of the stock, i'm sure. for that, are y

curious what that mix is, because if that mix is heavy to the just taking out cmg, then i think theyming up, a key earnings report tomorrow from walmart. what the big box retailer's results could say about the u.s. consumer. we'll dig into expectations next. refa meyinwo. ♪♪ ♪♪ sandals jamaica sale is now on. visit sandals.com or call 1-800-sandals z's baking the house special. visit sandals.com arisa's styling a new look. and steve's filling his biggest order ever. with the first ever comcast business 5-year price lock guarantee, these business owners get five years of value on gig speed internet and advanced security, all from the company with 99.9% network reliability. so now they can focus on doing what they do best for the next five years. that's a lot of bread. you got this. the comcast business 5-year price lock guarantee. switch today for a limited tim. >>> welcome back to "fast money." walmart on deck to report earnings before the bell tomorrow. hsbc and morgan stanley naming the company a top defensive pick this week. will the retailer deliver on expectations? they are high

cmg, the starbucks news this week was extraordinary.kel who the view is, can this company grow and have the same strategic vision with a new ceo? i think to me that's not even the question. to me the question is, should you be paying 51, 52 times for the company in an environment where i think actually the macro in this space is challenging. i think margins are coming in. but it's obviously a major loss, and that's what people are debating. >> karen? >> yeah, so dell, which was halved from its way too should not have been that high 180 and bounced back on absolutely no news, last five days, 21, 2%, that's a big move. >> mike? >> three month implied volatility on the broad market indices between now and then you're going to capture obviously the election, we've got two fomc meetings, september and october, particularly volatile. buy some puts in there. >> julie? >> ollie's is for customers looking for value, general merchandise, like tjx, but for general merchandise. >> appreciate that, and very quick, a 25th happy birthday to my friend

i think cmg is prove between loimty, margins and growth margins continue to be a better performer.ome of the price action we saw it going into this monday fall it's now 17% off of its intraday low on monday. and, yeah. report add couple weeks ago. those numbers were fine. back haft lf of the year has challenges. wasn't chasing it before. not chasing it now. >> well said. >>> coming up here on "fast money." intel shares down again today. the embattled stock now down more than 40% in the past month. we're going to debate whether or not there's any reason to own intel, now a teenager. >>> plus a pair of marquee retail names headlines another big week of earnings ahead. what to expect from wellcome welwellcome -- walmart, home depot. the moment of trade. >> announcer: follow the "fast money" podcast. we're back, right after this. why do couples choose a sleep number smart bed? can it keep me warm when i'm cold? wait, no, i'm always hot. sleep number does that. during our biggest sale of the year, save 50% on the sleep number® limited edition smart bed. shop now at a sleep number store

i am all about cmg. >> i think you are in great shape. why? am told and i read a piece that says they have this new chicken, the honey chicken and i have to tell you it doesn't sound like junk food to me, it sounds like good food to me and that is why chipotle is probably done going down and i like it. i'm not done. let's go to fred in kansas. fred. >> hey, jim, good to talk to you. first-time caller, longtime listener. and i am calling about pharmaceuticals day >> i think it is great. listen, i like the fact that what they are doing in terms of opiates -- >> look, this is a great company. i think they are brilliant. let's go to sam in new york. sam. >> hey, booyah to you, jim. >> same your way, also. what's up? >> longtime listener, first- time caller, club member. >> sounds good, sounds good. thank you. >> i love your work and i love your description of the two gentlemen of verona. >> did you like that? my father's favorite moment in that incredible play. it is now more of a device company. go ahead. >> i wanted to get your thoughts on vikin

because, you know, since the 50for 11 stock split which was implemented late june by brian nichol at cmgmore than 25%. so now you add in this, and it makes you wonder, well, is this a really good buy? people still love chipotle. >> i think that people do love chipotle, and their recent earnings construct of double dimming digits, if they can stay the course, chipotle will be fine. but there is always some transition risk when you lose a ceo and also that ceo, let's be honest, may take some of the team with him at come point p. so there is a bit of transition risk, but he's built an incredible model. so if you believe many that, you can stay the course and own the stock. liz: okay. let's remember you said that. we'll check back a couple months from now. walmart if comes out with earnings on thursday. the expectation is for ep if s of about 65 cents a share, revenue 1668.5 -- 168.5 billion. slightly high her year-over-year. do you like it here or there are so many other names in the big box world that do better? >> i still like walmart here. and as you know, or liz, with grocery inflation

interesting couple weeks where mcdonald's and what not has been rallying back, some of the dynamics around a cmgdds up to a place where i think there's another leg to fall here. i don't think we've seen the consumer weaken and i think these names are going into this period of peak margins. while eight is enough, guy, i do think, you know, there's other places to go. >> tom, i was a coolidge tie guy and ken howard whilst he was alive was a huge "fast money" guy. i think it was three or four appearances on katie was on with tyler hosting with the vix at 13 doing nothing for months she said you will start to see the vix move in ways that probably would surprise some people. i don't think she thought it was going to 60 but she was spot on with that. i don't think it's over, either. i don't think that move to 60 was a one-day event. i think there's morp vix to come, more volatility which i think means down side in the market. >> you said this, yield is down, dollar down, crude down, vix down. that's all a good little cocktail for stocks up, right. so, again, we're going into friday, who knows what's