again, darden slowed on the news and other casual diners are also starting to do well.ses between outperformance, you'll have stocks the way darden did >> i'm slightly uncomfortable with the idea that all stocks are rated overweight in the restaurant category. be that as it may, i'm going to ask you a similar question to one i asked ron christie a few moments ago. is this as good as it gets you seem to believe these stocks can go higher, that the momentum can continue >> so in the last expansion cycle, restaurant stocks traded at a 500 basis point or five multiple pe turn to the market today the index as we measure it is at parity so we have no doubt restaurant stocks are going higher. if you look back at our ratings 6, 12, 18 months ago, i would say we had many more underweight ratings. they've been consolidated. strategic buyers came in and bought we lost one-third of our universe of coverage again, that puts a floor in the space and that plays -- it's a big factor to take into consideration. >> it seems like every day i get a new flier in the mail, nicole, from meal

and mary from the university of virginia darden school of business is the creator of giving voices to values. thank you all for being with us today. today's meeting will consist of one panel and then we will open the floor for questions and comments from the members of the commission. panelists, you'll each have six minutes to make your oral presentations today. your complete written statements will be available on our website. www.e w wab.e ech wab.eeo wab.eeoc.gov. and we have the timing consolesment and we have timing lights, also. the red light will appear when your allotted time expires. we will take a short break after all panelists have broke and and resume for two rounds of commissioner's questions and comments. we're pleased to of an exception l a panel today and we thank you for being here and we'll begin with ms. baez and miss heron. >> thank you for having me and happy halloween, i think it's the first time i've testified on halloween, not so scary. i'm the secretary treasurer and scisww. a union that represents subcontract workers in airports and across california. and fo

even darden, chipotle are lower.o are the restaurants going to hold up if the economy and markets turn south you still have to eat, right over to you. >> all right, dom, thank you very much. the ceo of panera bread, which is doing very nicely, good to have you with us >> your company is private now is it better to be public or private? >> difficult question. there's no right answer. i would say today i'm excited that we are private, because that enables us to make investment decisions into the brand, without worrying about the machinations of the stock market we can do it because it's the right answer for the long term, not simply -- and then we don't have to worry about what does it mean for the stock price >> what are you seeing on the street, in your stores lately from the consumer. consumer confidence 18 year high today incomes up a little bit. wages a little bit higher. is that trans lating into more volume, more visits, more sales in your stores or is it not what you would have expected? >> as of a couple weeks

well one of the things we want to look at is the idea that other stocks out there like perhaps a dardenants is also off about 13% from its recent highs as well. and of course we'll end on one that everybody kind of takes a look at overall, the semiconductor space, the technology overall, that particular stock, amd, now off about 18% from the highs it hit a couple of weeks ago. we're watching many of these to see whether or not they continue that down trend after hitting those recent highs >> thanks, dom chu >>> transports were one of the bright spots of the day before taking a nose dive let's bring in the president of argus research anobvious culprit would be a rise in it oil prices. how much of that has been a headwind for this group and should it be a headwind for this group? >> i think the real headwind, melissa, had been the trade and tariff threats now that that's resolved, i think the outlook is pretty bright for transports here >> specifically which ones you have a broad swath of companies in your coverage transports, planes, trains, automobiles, package delivery companies, just

they were definitely plenty of young people in the botanic darden ‘s earlier.r that goes on to and meghan markle. after that goes ontoa and meghan markle. after that goes on to a demonstration of sporting activities and a campaign for women in particular to be active. it's been adopted from england and has worked successfully in the state of victoria. after the tram ride to south melbourne beach they got active themselves on the beach. they sought young children getting rid of the plastic waste and the environment is another concern. the message today was about engagement. when other interesting development today, although we have seen crowds in hundreds of thousands every day so far one of the republican movement in australia suggested they too are also seeing their numbers going up and that for every australian that wants to come and wave the flag where crown another one is signing up to support a republic eventually if the question of australia's sovereignty ever comes to weight public vote. in a moment we will have the business news but let's take a look at

kroger and in this case here the darden restaurants are also well off the highs they just set.ne more to end on because we talk about it so much. amd the best performing stock of the s&p 500 by a wide margin it's fallen off quite a bit flirting with bear market territory. that is so say down 20% from the highs. not there just yet, but given amd's trajectory it could be something we want to watch in terms of momentum play back to you. >> thank you very much >>> the countdown is on for the september jobs report. joining us now to talk about that is drew mattis from metlife investment management. and jim o'sullivan from high frequency economics. let's start this off just trying to figure out the numbers that we might anticipate not just on the headline number but with average hourly earnings. that's a key >> i will start by saying the back drop points to continued strength in terms of trend fwrad wa gradual acceleration in wages. i think we're due for a bit slower on the payroll number >> that because of florence? >> i think a bit from florence florence hit after the sample week s

charles: we've seen other restaurant companies like mcdonald's, darden group, a new ceo came in, thataight to moon. starbucks has had a tough time reinventing itself, right? all these efforts, the breakfast -- ashley: yeah, the food. charles: -- have fallen flat. is it just simply a play on china? >> to liz's and shaw's point both, i think they're very astute. to me, there's only so many ways you can serve coffee. starbucks has been so far ahead of the curve that i think it's only natural it pulls back. to me, the more interesting space is coca-cola because of its retail acquisition over in england. charles: also, they're a conscious capitalist company, and i think sometimes these things hurt publicly-traded companies. let's talk about the market. keith, last week we saw an all-time high on the dow, the dow transports hit an all-time high. they're coming down pretty quickly. what to you read? what's the message in the market? >> i think this is normal. there's a lot of profits on the table. there's still a lot of folks who don't like president trump's policies, but they have to deal w