spotify after reporting third quarter loss that was wider than analysts estimates, the company's ceo daniel ecklity of raising prices for the streaming service in the u.s. amid weaker margins and a slowdown in ad growth on the call, ceo says his company has, quote, significant pricing power compared to rivals like apple music the stock is down about 5%. >>> take a look at shares of chipotle dipping in the premarket after a mixed earnings report that saw sales come in salutely below estimates, the company attributing the earnings beat to recent menu price haikals. the company is seeing, quote, minimal resistance to higher prices >> we are less than two weeks away from the midterm elections, and it's not just candidates on the ballots this year. a number of states putting big tax chainchs in the vote robert frank has more. good morning, robert. >> good morning, seema 12 states, in fact, have had tax changes on the ballot this month. the big three are california, massachusetts, and colorado. colorado has actually two ballot measures, one that would cut the current flat rate from 4.5% to 4.4% and a

you had a chance to catch up with the ceo and cfo >> i did i spoke to an daniel eck and the cfo. what's interesting is even though the stock is down over 5%, they added 23 million monthly active users six million more than than projected. they told me that while they saw some weakness in advertising, the fact that ads are about 13% of their business, they see that as an advantage and on the earnings call just now, the ceo said when it comes to the company's premium subscription service, they would like to do a price increase he told me, quote, we've done more than 46 price increases and many of those have had way more inflation and economic issues than the u.s. is currently experiencing despite all of that, our subs numbers held up way better than expected, saying we think we have pricing power now, in our conversation, eck took a swing at apple saying apple had unfairly rejected spotify's app saying they're fighting that and particularly apple in the uk. we see those shares down just under 5%. >> thank you what do you make of this >> we spend a lot of time talking about netflix.