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Mar 18, 2020
03/20
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of the majors that we -- that you dine and you have a waitress and stuff or a waiter brinker and dardencharts of the pain possibly even the charts of their destruction. you know darden is the parent of olive garden they employ 178,000 people blinker is the parent of chili's and their stocks have been wrecked and there is more pain ahead. at some point people will come back but that could take longer thanyou expect and even when the clamp down ends and that could take weeks or months people will still be worried about covid-19 you don't need to hear it from me i'll let the technicals tell you the story. look at the symbol eat, which people aren't, a week ago it was $21 and now it is $7 and less than 7% of the company's value. do you think it could bounce brinker collapsed starting in late february and has been downhill ever since. the relative strength index and moving average convergence and a couple of tools that measure momentum they are both extremely bearish. no bounce, no bounce shaking money flow look at this measures buying and selling pressure it is negative since late january p
of the majors that we -- that you dine and you have a waitress and stuff or a waiter brinker and dardencharts of the pain possibly even the charts of their destruction. you know darden is the parent of olive garden they employ 178,000 people blinker is the parent of chili's and their stocks have been wrecked and there is more pain ahead. at some point people will come back but that could take longer thanyou expect and even when the clamp down ends and that could take weeks or months people will...
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Mar 10, 2020
03/20
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. >> you were talking about this yesterday, darden restaurants, they owned olive garden, they're givingey're going to pay people to stay home. >> uber and lyft too. i urge corporate america to look at this. there could be some government leadership on this. i will say the president's package, for a stimulus, we still have a lot of questions and there is some reporting that he surprised his aides yesterday when he he said there would be a slate of ideas due today for congress. >> okay. thank you. we're glad we have you guys, especially right now. romans, thank you. alison kosik, we appreciate it. >>> there is a -- there is a presidential race very much going on today. super tuesday part two, all eyes on michigan. can bernie sanders grab back the momentum or will joe biden strike a critical blow there? being a disabled veteran and to have a tooth pain on top of severe ptsd, will take you down in the dump. after several denials, when i went to aspen dental, they gave me a free exam, free x-rays. the doctor comes in and then he's like, "you are in pain, so we're going to get you taken care
. >> you were talking about this yesterday, darden restaurants, they owned olive garden, they're givingey're going to pay people to stay home. >> uber and lyft too. i urge corporate america to look at this. there could be some government leadership on this. i will say the president's package, for a stimulus, we still have a lot of questions and there is some reporting that he surprised his aides yesterday when he he said there would be a slate of ideas due today for congress....
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Mar 19, 2020
03/20
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darden up 25%. of course, that of red lobster and the olive garden. trip adviser withdrew its full year outlook. we know the travel companies have been certainly travel booking companies have been down for the count. trip adviser scratching back about 9%. let's look at all the green. exciting, right? the markets are seeing a welcome rally after just a neck-snapping record eight days in a row of up or down moves greater than 4%. right now, the s&p is up, we will take it, it is tame at the moment, up about 32 points. but we need to flag you on some economic data points that are out today that portend perhaps darker market days to come. we are just trying to keep you ahead of the game here. first, the philly fed index, a gauge of manufacturing for the atlantic region, it saw its biggest plunge ever in march, dropping to negative 12.7% from 36.7% in february. this is not only the lowest rating since june of 2012 but anything below zero indicates worsening economic conditions. that's manufacturing, again, a regional index. we haven't seen this in three yea
darden up 25%. of course, that of red lobster and the olive garden. trip adviser withdrew its full year outlook. we know the travel companies have been certainly travel booking companies have been down for the count. trip adviser scratching back about 9%. let's look at all the green. exciting, right? the markets are seeing a welcome rally after just a neck-snapping record eight days in a row of up or down moves greater than 4%. right now, the s&p is up, we will take it, it is tame at the...
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Mar 25, 2020
03/20
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analysts at btig and morning star called out darden as well as texas roadhouse as two names that mayave stronger balance sheets that will be able to stand up against a prolonged slowdown here. red robin was one name that was mentioned that may not be as fortunate. remember, with casual dining it's all about the dining room and table service. if you're not able to go in, sit down and have a waiter or waitress come over and take that order from you, that is a huge, huge hit for a sector that's already been struggling. >> one of the things that's amazing to me through all of this is that you've got a nationwide decline on the order of 80% in this sector, and yet, it's new york, it's san francisco, it's boston, now washington, new orleans. that's where the spigot has really been turned out of. in other cities, i assume they have not put the same strictures on one's ability to go out and do it, so people are just not going anyway >> it's not the same, tyler, but i think the fear factor is certainly there. and that will continue to grow all around the country the national restaurant associ
analysts at btig and morning star called out darden as well as texas roadhouse as two names that mayave stronger balance sheets that will be able to stand up against a prolonged slowdown here. red robin was one name that was mentioned that may not be as fortunate. remember, with casual dining it's all about the dining room and table service. if you're not able to go in, sit down and have a waiter or waitress come over and take that order from you, that is a huge, huge hit for a sector that's...
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Mar 17, 2020
03/20
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drawing your attention to darden restaurants and blooming brand, they have mostly sit down restaurants, because of that, they saw massive losses today. many met with president trump today who encouraged them to encourage their customers to take advantage of options like delivery, take out and drive-thru. i spoke with a customer today, a manager said they are down to bare bone staff, and layoff employees because of the changes how they do business. >> they have it cordoned off, chairs on the tables. and it very -- you are aware you cannot sit in there. reporter: and not just big chains, the local restaurants too, like here in illinois and new york have closed restaurants. where you dine in, same today in austin, texas, delivery services trying to help outdoor dash and grub hub waiving commission fees, they could be as high as 30% for local restaurants, uber eats is not having customer may local delivery fee to help the businesses that are really just struggling. david: all right, grady thank you. >> and president trump meeting with restaurant executives today. >> this morning i spoke wi
drawing your attention to darden restaurants and blooming brand, they have mostly sit down restaurants, because of that, they saw massive losses today. many met with president trump today who encouraged them to encourage their customers to take advantage of options like delivery, take out and drive-thru. i spoke with a customer today, a manager said they are down to bare bone staff, and layoff employees because of the changes how they do business. >> they have it cordoned off, chairs on...
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Mar 11, 2020
03/20
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darden restaurants own olive garden. they say they're going to extend sick leave to hourly workers so that sick workers stay home. you see the big rally but half could go away in the open. the dow could lose 700, 500 points off the top. markets have been unstable lately. i know beyond worrying about coronavirus you're worrying about your 401(k). it's taken a hit. when you measure the down markets against the past year you're actually coming out okay. for instance, if you have stock in apple you're down 17% off the highs but apple stock is still up 50% compared to a year ago. it was two weeks ago today president trump introduced his coronavirus task force with vice president pence at the helm. today the president will meet with wall street executives as he continues to push for a payroll tax cut. payroll taxes are the funds that are taken out of your check to pay for your own social security and medicaid. about 1.4% for medicare. now president trump would like to give you this money back and borrow to make up for it. now
darden restaurants own olive garden. they say they're going to extend sick leave to hourly workers so that sick workers stay home. you see the big rally but half could go away in the open. the dow could lose 700, 500 points off the top. markets have been unstable lately. i know beyond worrying about coronavirus you're worrying about your 401(k). it's taken a hit. when you measure the down markets against the past year you're actually coming out okay. for instance, if you have stock in apple...
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Mar 11, 2020
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darden restaurants own olive garden says it will extend sick leave to hourly workers so the sick workers stay home. you see the big rally here. the dow could lose between 700 and 900 off the top. markets have been very unstable lately. i know beyond worrying about coronavirus you're worried about your 401(k). it has taken a hit. but when you measure the markets against the past year you're coming out okay. if you have stock in apple, for instance, down 17% off the highs. that's a lot. but stock is up 50% compared to a year ago. two weeks ago today president trump introduced his corona task force with vice president pence at the helm. today the president will meet with wall street executives as he continues to push for a payroll tax cut. now payroll taxes are the funds that are taken out of your check to pay for your social security, medicaid, a bit over 6% for social security, medicare. president trump would like to give you that money back and borrow to make up for it. we've done it before though it was a refund not an immediate tax cut. we've talked about this before, it's not clear yo
darden restaurants own olive garden says it will extend sick leave to hourly workers so the sick workers stay home. you see the big rally here. the dow could lose between 700 and 900 off the top. markets have been very unstable lately. i know beyond worrying about coronavirus you're worried about your 401(k). it has taken a hit. but when you measure the markets against the past year you're coming out okay. if you have stock in apple, for instance, down 17% off the highs. that's a lot. but stock...
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Mar 10, 2020
03/20
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and companies like darden cheesecake factory. those stocks are getting decimated, but the virus hasn't even impacted the results yet. traders are selling them as though americans aren't coming out at all. to the degree that does happen in the future, it seems as though traders are to some degree pricing and the worst case scenario. technically, it looks like the worst case scenario could actually get worse, so no matter what the stimulus is, until we know what we are dealing with, it is hard to simulate. david: you will have to come back to explain that to us. whipsawedhave been this week, and is only tuesday, with record losses yesterday followed by a sharp turn up today. ,e welcome now george seay chairman and cofounder of annandale capital. you particularly focus on oil and gas, and investing in oil and gas natural resources. on top of everything else going on, oil has really taken a hit this week. george: and it is not going to bounce back quickly. it has taken so much damage that this is going to be a process that plays out
and companies like darden cheesecake factory. those stocks are getting decimated, but the virus hasn't even impacted the results yet. traders are selling them as though americans aren't coming out at all. to the degree that does happen in the future, it seems as though traders are to some degree pricing and the worst case scenario. technically, it looks like the worst case scenario could actually get worse, so no matter what the stimulus is, until we know what we are dealing with, it is hard to...
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Mar 12, 2020
03/20
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darden restaurants that he willl offer hourly workers 40 0 hoursf paidid sick leave annually.r would provide die most drivers -- diagnosed drivers with 14 days basically, but did not specify what that would be. theydid not specify how would. robert pollin, if you can address all of these and also if they test positive for the coronavirus, it is extremely difficult for people in this country to even get a tesest. >> right. this, again, realllly portraysye failure of our health care system to deal with anything like this at all. what we ththefore need to focuss on is everybody recognizing that they can have the paid sick leave that ththey need such that they are not going to face any kind of financial crisis on top of any kind of health care crisis.. and so a as elise said, thehe pe in the lowest 10% in terms of their pay scale come in 90% of them have no paidid sick leave. so this has to be recognized across the board that everyone is going t to get paid sick lel. lamar alexander sasaid, this is alall well and good but we don't know how to pay for it. it is very easy to pay for
darden restaurants that he willl offer hourly workers 40 0 hoursf paidid sick leave annually.r would provide die most drivers -- diagnosed drivers with 14 days basically, but did not specify what that would be. theydid not specify how would. robert pollin, if you can address all of these and also if they test positive for the coronavirus, it is extremely difficult for people in this country to even get a tesest. >> right. this, again, realllly portraysye failure of our health care system...
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Mar 15, 2020
03/20
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he played real-life prosecutor christopher darden in the series "the people versus o.j.emmy award for his performance. >> this case is a circus and the defense has made it into a circus. >> after o.j. it was like people saying what do you want to do? how can we be in partnership with you? and you're like me? after like just waiting for people -- like please, sir, may i have some more. to be able to work at what you love, that's success. this is just gravy. like delicious gravy. i had a great biscuit, now i'm just sopping, i'm sopping and it's just stupid good. >> and brown continues to sop. with a part in the animated blockbuster "frozen 2." >> soldiers, we may be getting on in years, but we're still strong. >> a recurring role in the current season of the amazon prime hit "the marvelous mrs. maisel." >> they will love you or hate you and let you know their verdict immediately. >> and an acclaimed starring performance in last year's "ways" in which he plays a dominating father in a family navigating heartbreak and loss. >> we are not afforded the luxury of being average.
he played real-life prosecutor christopher darden in the series "the people versus o.j.emmy award for his performance. >> this case is a circus and the defense has made it into a circus. >> after o.j. it was like people saying what do you want to do? how can we be in partnership with you? and you're like me? after like just waiting for people -- like please, sir, may i have some more. to be able to work at what you love, that's success. this is just gravy. like delicious gravy....
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Mar 13, 2020
03/20
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going to dinner, ask me, colonger of longshoreman, i would like to hear something bigger, how about darden, the owner of olive garden, the stock is down 40% year to date unfortunately that might make sense in the middle of a pandemic we're going to find out. how about housing, i hear that it's slowing housing stocks did badly in today's rally. let's hear from lamar, always a good conference call, and then we get results from one of my favorite companies that no one likes to talk about it, and a lot of it is the spell check makes it come out can instead of acn, i think it's going to have a good quarter companies need accenture to digitize f. they say it's down big, i see all of tech getting hammered crowd strike reports and cyber security has been clobbered. i think the work from home thesis includes cloud strike they keep the off sight channels safe on friday, we get existing home sales. we need an upbeat number to justify seller in housing. if we don't get some sort of fiscal deal, something between mnuchin and pelosi and get it soon, then i got to tell you, it's going to look like this e
going to dinner, ask me, colonger of longshoreman, i would like to hear something bigger, how about darden, the owner of olive garden, the stock is down 40% year to date unfortunately that might make sense in the middle of a pandemic we're going to find out. how about housing, i hear that it's slowing housing stocks did badly in today's rally. let's hear from lamar, always a good conference call, and then we get results from one of my favorite companies that no one likes to talk about it, and a...
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Mar 17, 2020
03/20
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to put people on unemployment roles that may be more expensive than throwing a line of credit to darden >> these are questions that people are asking now, far beyond the markets, which we are so focused on it gets back to the real economy. we don't have the answers at this point we can only hope that people are thinking creatively about a way to go about trying to maintain or keep as many jobs as possible in these industries. these are massive industries we're not talking -- we're talking about millions upon millions of people who work in these jobs >> absolutely. david, thank you it's sobering. it's one reason why when you get these up openings that are so stupid, you get a chance to reliquefy and sell the bad oil is one of the danger points of this economy. they're the people who will have to be laid off address production and exploration budgets go down dramatically carl, again, this is what i don't like you have this market go up people think it's recovered. it's just an opportunity to get out of the bad ones. >> yeah. you mentioned oil. down 14 cents. we got that notice from exxon
to put people on unemployment roles that may be more expensive than throwing a line of credit to darden >> these are questions that people are asking now, far beyond the markets, which we are so focused on it gets back to the real economy. we don't have the answers at this point we can only hope that people are thinking creatively about a way to go about trying to maintain or keep as many jobs as possible in these industries. these are massive industries we're not talking -- we're talking...
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Mar 19, 2020
03/20
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darden, similar moves overnight, jim. i guess the question is, there was a good chart this morning about the dow peaking when deaths in china were already at 1,000. and even after apple's q-1 warning on revenue, really didn't impact the markets for several days, and when you have b of a trying to quantify q-2 down 12 and jpmorgan down 14, and alarian says that's absurd because what is the market's ability to sniff out the other side of all this >> look, let's say we see up numbers sequentially for starbucks in china, which we're going to, as kevin johnson said last night on "mad money" as they open the store in wuhan, which is ground zero for the epidemic let's say apple's numbers are better in china, let's say the government prevails upon disney and they open up shanghai disney, that's not yet going to happen, then we say here's what the other side looks like. it's not great, but it's not historically bad you want some irony. david is in a believer of irony. ford suspends its dividend, but woo we have a morgan stanley up
darden, similar moves overnight, jim. i guess the question is, there was a good chart this morning about the dow peaking when deaths in china were already at 1,000. and even after apple's q-1 warning on revenue, really didn't impact the markets for several days, and when you have b of a trying to quantify q-2 down 12 and jpmorgan down 14, and alarian says that's absurd because what is the market's ability to sniff out the other side of all this >> look, let's say we see up numbers...
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Mar 23, 2020
03/20
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FBC
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lauren: darden restaurants. they said their sales in the past week are down 60%. that's pretty unbelievable because you can still order from a restaurant. you just have to have it delivered or pick it up. you can't go into a restaurant to eat there. they also say they are burning cash at a rate of $40 million to $50 million a week. how long can that trend go on? goldman sachs have their price target on the stock. you can see it's at $38 now. goldman is putting it at $50 which is nice but it was $114. the point is that the future is very murky when you hear a company as big as darden restaurants which owns olive garden and capital grill saying sales are down 60% and they say for each week that this situation of coronavirus is impacting how we live, profit could take a hit of six to eight cents per week. stuart: you have to ask, not talking about darden or the chains they control, but you have to ask how many of these chains will come back when this is all over, given the damage they have already suffered. i don't want you to speculate but i got a buck says that not
lauren: darden restaurants. they said their sales in the past week are down 60%. that's pretty unbelievable because you can still order from a restaurant. you just have to have it delivered or pick it up. you can't go into a restaurant to eat there. they also say they are burning cash at a rate of $40 million to $50 million a week. how long can that trend go on? goldman sachs have their price target on the stock. you can see it's at $38 now. goldman is putting it at $50 which is nice but it was...
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Mar 12, 2020
03/20
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. >> let's turn to the restaurant stocks darden and brinker international are down double digits let's bring in jim ballis now, managing director of the strategic operations group at capital spring, a private investment firm focused on the restaurant industry. jim, it's good to see you. so, restaurants -- the trouble is, if you don't take your trip to some country this year, you might take it next year. the restaurant business that is lost because of coronavirus, they're probably not going to get back, is that right. >> it's definitely going to be challenging for them what you're seeing is a clear migration from people dining in the restaurants to people fo them those businesses that have those available to them as revenue channels are performing better >> that reminds me of our last conservation about the ripple effects of these sports cancellati cancellation if weem apeople are picking the up and the delivery, that's fine but the wait staff ha happens to the wait staff is nobody is dining in these places >> it's difficult for them. they are working paycheck to paycheck the other prob
. >> let's turn to the restaurant stocks darden and brinker international are down double digits let's bring in jim ballis now, managing director of the strategic operations group at capital spring, a private investment firm focused on the restaurant industry. jim, it's good to see you. so, restaurants -- the trouble is, if you don't take your trip to some country this year, you might take it next year. the restaurant business that is lost because of coronavirus, they're probably not...
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Mar 11, 2020
03/20
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pay and paid time off that the company currently offers we've seen changes trichbt rant world like dardenering sick leave. mcdonald's will pay employees at corporate locations asked to quarantine for 14 days as all of this is going on >> as kate was speaking the market started moving lower yet again. i'm wondering if its esponse the world health organization has now officially declared the coronavirus outbreak a global pandemic the dow jones industrial average is now down by more than 1,000 points to 1,025. not that it was unexpected just a reality, perhaps, of where we find ourselves dr. anthony fauci who has been viewed as the preeminent voice on all of this has been speak on capitol hill today asked how bad could this get in the united states how many deaths could we see he said you could see perhaps if it's not contained if we don't do everything to mitigate it you could see perhaps many millions in the united states those were his words if we don't get fully on top of this but i think what the w.h.o. has just done is added to some of the weakness on wall street the dow right now is d
pay and paid time off that the company currently offers we've seen changes trichbt rant world like dardenering sick leave. mcdonald's will pay employees at corporate locations asked to quarantine for 14 days as all of this is going on >> as kate was speaking the market started moving lower yet again. i'm wondering if its esponse the world health organization has now officially declared the coronavirus outbreak a global pandemic the dow jones industrial average is now down by more than...
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Mar 17, 2020
03/20
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darden restaurants is down, for example, 20%. certainly something they're trying to do. deirdre?eirdre: sorry to cut you off. we have the president. >> words pet soon. we'll talk about the company quickly, number of employees, what happened since the chinese virus came about and they will discussing that. we're joined this afternoon by the true leaders of our nation's travel, hospitality and tourism industry. i want to thank you for being here. i've known many of you here for a long time. great people. i want to thank vice president pence on his tremendous leadership on the task force. he has done a great job. thanks to secretary mnuchin over on the hill. they have been working, wilbur ross, they're all working, we're all working very hard. we're profoundly grateful to companies and organizations here today representing tens of thousands of american workers. representing something important, a place to stay when you come to our country, certainly a big business, one of the biggest businesses. thank you for adopting protocols to keep americans healthy and enhanced cleaning process
darden restaurants is down, for example, 20%. certainly something they're trying to do. deirdre?eirdre: sorry to cut you off. we have the president. >> words pet soon. we'll talk about the company quickly, number of employees, what happened since the chinese virus came about and they will discussing that. we're joined this afternoon by the true leaders of our nation's travel, hospitality and tourism industry. i want to thank you for being here. i've known many of you here for a long time....
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Mar 19, 2020
03/20
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marriott, ford, darden, ross stores, i just saw t.j. maxx is one of them, tjx, the parent company.pecting these in upcoming earnings reports. , with coronavirus cases spiking in new york city and hotel visits flumting, city officials are eyeing all of those empty beds for sick people contessa brewer joins me now with those grim details. contessa >> they're trying to figure out how they come up with all the empty beds they think they're going to need for this outbreak, kelly. so for one thing, the mayor has ordered hospitals to expedite the discharge of patients. he says, all elective surgeries need to be canceled and then we'll find beds. we'll reopen hospitals that have been closed, find them in cafeterias or parking lots and put up tents if necessary. we also know that the city is talking to the javits center, the big conference facility in new york city that is normally hosting massive conferences aboutfunctioning as a hospital the u.s. navy ship "the comfort" is heading here in april that will bring some beds. but they think they can get about 1,300 beds by going to the hotels
marriott, ford, darden, ross stores, i just saw t.j. maxx is one of them, tjx, the parent company.pecting these in upcoming earnings reports. , with coronavirus cases spiking in new york city and hotel visits flumting, city officials are eyeing all of those empty beds for sick people contessa brewer joins me now with those grim details. contessa >> they're trying to figure out how they come up with all the empty beds they think they're going to need for this outbreak, kelly. so for one...
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Mar 11, 2020
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yesterday saying it will pay workers at its company-owned locations that have to quarantine for 14 days darden restaurants, the parent of olive arden, says it is extending sick pay to workers that did not already qualify, and catastrophe pay for workers who have been diagnosed or have had known contact with those that have been diagnosed whether it's at home or in stores would be available and those showing symptoms without known contact as well as those that the cdc has warned to take extra precautions would be eligible for that catastrophe pay. now, starbucks along with chipotle and shake shack have long had paid sick time for their workers. but an interesting thing we don't talk about enough in the restaurant world is franchising. a lot of these franchisees are able to set their own independent policies, which is why you hear mcdonald's saying, we'll do this at our company-owned locations. labor activists say that the parent company should step in and say, this should be done across the board >> i didn't know about catastrophe pay. is that a term that has been in existence for something lik
yesterday saying it will pay workers at its company-owned locations that have to quarantine for 14 days darden restaurants, the parent of olive arden, says it is extending sick pay to workers that did not already qualify, and catastrophe pay for workers who have been diagnosed or have had known contact with those that have been diagnosed whether it's at home or in stores would be available and those showing symptoms without known contact as well as those that the cdc has warned to take extra...
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Mar 10, 2020
03/20
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darden will credit them for time worked over the last 26 weeks.y had warned against it, saying the wipes could scratch the protective coating on the screen. apple still not recommending customers use sprays or bleach it. the future of the new york mets could rest in the hands of a famous rival. new york yankee all-star alex rodriguez emerging as a popular buyer for the team. during an appearance on the tonight show, a-rod told fallon if the opportunity came up he would look at it. he says he was a huge mets fans while growing up. finally, social media is serious business and can mean serious money with more than 164 million followers, kiley jenner could make more than 1 million bucks for one sponsored post according to hopper's 2019 instagram rich list. she is number one of the survey. the top five, pop ta star ariana grande. carolina hacristiano ronaldo haf followers. maria: there is evidence people do the stuff they do and buy the stuff they like. cheryl: you click through, i've done that. i've shopped on instagram. it's my new reality. maria: m
darden will credit them for time worked over the last 26 weeks.y had warned against it, saying the wipes could scratch the protective coating on the screen. apple still not recommending customers use sprays or bleach it. the future of the new york mets could rest in the hands of a famous rival. new york yankee all-star alex rodriguez emerging as a popular buyer for the team. during an appearance on the tonight show, a-rod told fallon if the opportunity came up he would look at it. he says he...
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Mar 5, 2020
03/20
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just because they're canceled doesn't mean they'll be rebooked >>> darden owns capital grill steakhouse, some people will not go back for three months there you see them in the big decline there. banks the same situation, new lows on comerica we see lower loan growth as well, and possibly higher defaults so multiple things going on. that's why we're getting this chaos. is it a v-shaped or u-shaped it's good deal to be to be v-shaped u-shaped is the best we can hope for. and the hit is on the supply and demand sides it is both of those. back to you. >> bob, thank you. or a slow u? michelle, one question i do have -- if we see much worse expected in china, but not a domestic shock here, will that drag down the gdp? >> we learned from the trade war, the european debt crisis, we have learned we are a global economy so even if it doesn't turn out to be a domestic shock, we will see loans. we're already seeing the hit to production here in the u.s., but it becoming more problematic if it does change behavior here on the ground, and if businesses change how, or consumers start to hunker down,
just because they're canceled doesn't mean they'll be rebooked >>> darden owns capital grill steakhouse, some people will not go back for three months there you see them in the big decline there. banks the same situation, new lows on comerica we see lower loan growth as well, and possibly higher defaults so multiple things going on. that's why we're getting this chaos. is it a v-shaped or u-shaped it's good deal to be to be v-shaped u-shaped is the best we can hope for. and the hit is...
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Mar 19, 2020
03/20
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BLOOMBERG
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darden restaurants suspending its dividends, something we have seen from a lot of other companies as down 10%, withdrawing its outlook and assumptions for 2020 as it winds up battling with the impact of the coronavirus. the wholesale train has also started to -- the hotel chain has also started to furlough some staff. boeing fell to its lowest since 2013 yesterday. finally, crews stocks also pressured amidst the. travel downturn carnival falling 5% in premarket trading. it is brutal out there after yesterday. also, some bricking news for you. the white house is mulling 50 year and 25 year bonds to finance the $1.3 trillion stimulus. they are trying to figure out how to do this, and it looks like they are considering the long bond yet again. plus, initial jobless claims coming out at 8:30, the first real high-frequency indicator of what is happening. this is bloomberg. ♪ awesome internet. it's more than just fast. it keeps all your devices running smoothly. with built-in security that protects your kids... ...no matter what they're up to. it protects your info... ...and gives you 24/7
darden restaurants suspending its dividends, something we have seen from a lot of other companies as down 10%, withdrawing its outlook and assumptions for 2020 as it winds up battling with the impact of the coronavirus. the wholesale train has also started to -- the hotel chain has also started to furlough some staff. boeing fell to its lowest since 2013 yesterday. finally, crews stocks also pressured amidst the. travel downturn carnival falling 5% in premarket trading. it is brutal out there...
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Mar 10, 2020
03/20
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CNBC
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da darden says they'll provide paid sick leave to all employees not covered by policy and walmart is deploying a new emergency leave policy after a worker in k kentucky tested positive for the virus. under that policy, employees are coronavirus will receive two weeks pay with the potential for more if they're unable to return to work. important moves by companies >> absolutely. >> in light of the current situation. >> italy taking extraordinary steps to lock down the entire country as coronavirus cases there top 10,000 let's bring in claudia live in rome what's been the reaction from people to this extraordinary measure taken by the government? do they support it or feel it's some level of overreaction >> to be honest, there's an overwhelming support to the actual measures and this comes from the i a talianas who are not famous for abiding to rules, but in this case, we're talking about their own health and they have understood. in the last couple of weeks, what a danger this coronavirus represents to the health not particularly of the youth, but of the elder ly as they are the ones
da darden says they'll provide paid sick leave to all employees not covered by policy and walmart is deploying a new emergency leave policy after a worker in k kentucky tested positive for the virus. under that policy, employees are coronavirus will receive two weeks pay with the potential for more if they're unable to return to work. important moves by companies >> absolutely. >> in light of the current situation. >> italy taking extraordinary steps to lock down the entire...
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Mar 25, 2020
03/20
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CNBC
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joining -- keeping a list of the 16, 17, 18 companies mastercard did it, deere, fedex, marriott, darden it seems like a long list, when you consider the s&p 500, a small number have withdrawn guidance this will change in the next couple of weeks. you'll see a raft of companies come out and either give very conservative down guidance for the second quarter, or they're going to withdraw guidance for the full year altogether that's going to be a big issue and that's one reason the market keeps gyrating even overnight. 1,000 points in the dow overnight, everybody is fairly clueless about how to price the earnings overseas here, modest gains in the stoxx 600, at least a few minutes ago here hang seng over in china, two-day rally that they had here that's significant the biggest one, the nikkei. look at this that's 8%. nikkei up 20% in the last three days that's a huge, huge rally there. that's the big global market that had the biggest move. i want to point out about three weeks ago, i pointed out this was a global takedown, the markets were down across the board. it's rather remarkable, thi
joining -- keeping a list of the 16, 17, 18 companies mastercard did it, deere, fedex, marriott, darden it seems like a long list, when you consider the s&p 500, a small number have withdrawn guidance this will change in the next couple of weeks. you'll see a raft of companies come out and either give very conservative down guidance for the second quarter, or they're going to withdraw guidance for the full year altogether that's going to be a big issue and that's one reason the market keeps...
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Mar 2, 2020
03/20
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CNBC
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a state at home economy and when you have a service economy like we have, you get an upgrade for dardenfor instance, last week, cheesecake factory are you kidding me anybody anywhere there's a gathering is going to be a place that i think people will be reluctant to go and that's just the way it is. i don't want to, 1.4% is the percentage of lethality. >> it depends where. >> right >> there's so much they don't know that's part of the reason why the market is reacting at somepoint we will know a lo more >> we know that it's appreciably worse than the regular flu >> we do although at the same time given the lack of testing that's been done and around our country. >> right >> and in other countries it's unclear how many cases there really are >> right >> anecdotally you can talk about people come back from milan not feeling well it's here and the question can also be and a lot of people have got continue and gotten over it. >> yes, never knew they it h it. i think the lethality is wrong, it's lower and almost no under 15-year-old people who have got it, which is quite different from our c
a state at home economy and when you have a service economy like we have, you get an upgrade for dardenfor instance, last week, cheesecake factory are you kidding me anybody anywhere there's a gathering is going to be a place that i think people will be reluctant to go and that's just the way it is. i don't want to, 1.4% is the percentage of lethality. >> it depends where. >> right >> there's so much they don't know that's part of the reason why the market is reacting at...
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Mar 13, 2020
03/20
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CNBC
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temperature or the lady have a temperature who bought that food you sit there and you think about darden, is it too cheap? in my mind, because i am a dollar sign represented by a man, it's tough to have my usual role when i'm thinking about my daughter in madrid and how i can't see her. >> without a doubt you can't see her. at the same time, a 9.5% decline in the s&p also gets your attention. then you worry about your financial future if you're fully invested >> yes that's why i say those are people who can take advantage of this valley. i don't want them to be fully invested in case this is fis fel and more people become sick. the secretary was talking about a far bigger toolkit than in '87. he was someone who took advantage of things correctly in 2008 i worked for his father. the mnuchin family is somebody you want to bank with. >> indymac >> had faith in america. >> jim -- >> i would want to hear more about that they're altogether. i wanted to hear speaker pelosi has taken whatever ill will there's been off the table and so has president trump the ill will has to stop if the country i
temperature or the lady have a temperature who bought that food you sit there and you think about darden, is it too cheap? in my mind, because i am a dollar sign represented by a man, it's tough to have my usual role when i'm thinking about my daughter in madrid and how i can't see her. >> without a doubt you can't see her. at the same time, a 9.5% decline in the s&p also gets your attention. then you worry about your financial future if you're fully invested >> yes that's why i...
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Mar 16, 2020
03/20
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darden reports this week, i mean, that's a tougher one do we need olive gardens we need those people to have jobs who work there. i think that's a secondary your first checkdown if this is going to be football, your first checkdown is to look for companies that have a lot of cash that are going to be needed after the illness is conquered the second is, what companies have good dividends and decent cash flow that i think can get through this and the third one is to say, i don't want any of these companies because they can be cash strapped and there you're thinking about retailers, restaurants, airlines, travel, leisure, hotel those are very hard to reconcile. >> yep looking at point contributors or in this case detractors, jim unh is actually the biggest, 209 dow points boeing follows with almost 200 and apple's third. dow's got some quirks, we all know, regarding price activity or price weight. but that's sort of where the laggers are hurting us the most. >> apple's problem is it was at 170 back in june of 2019, so it's kind of like there's another one where i say, well, i remember w
darden reports this week, i mean, that's a tougher one do we need olive gardens we need those people to have jobs who work there. i think that's a secondary your first checkdown if this is going to be football, your first checkdown is to look for companies that have a lot of cash that are going to be needed after the illness is conquered the second is, what companies have good dividends and decent cash flow that i think can get through this and the third one is to say, i don't want any of these...
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Mar 17, 2020
03/20
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FBC
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fast food and restaurant chains in the company including mcdonald's, burger king, yum brands and darden restaurants. the president requesting hothos to encourage customers to use drive-through. >> we discussed the role pickup and delivery service can play in the weeks ahead. that's been happening and they have been fantastic. they have been absolutely fantastic. they have been doing it already. but they are keeping it open and smaller staffs of very capable people and very capable companies. they are doing it, pickups. reporter: starbucks is also only allowing people to order and take out their orders as well as mobile ordering. back here at mcdonald's, i spoke with a customer who says this location is already seeing the consequences of this ban on dining in. >> the sad part about it is they had the lto lay off four people from this morning crew. that's the tragedy of this all. they are at the bare minimum. it's the manager which was at the counter, then there's a couple cooks in the back. that's just the new normal at this point. reporter: it's not just these large chains impacted. loc
fast food and restaurant chains in the company including mcdonald's, burger king, yum brands and darden restaurants. the president requesting hothos to encourage customers to use drive-through. >> we discussed the role pickup and delivery service can play in the weeks ahead. that's been happening and they have been fantastic. they have been absolutely fantastic. they have been doing it already. but they are keeping it open and smaller staffs of very capable people and very capable...
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Mar 19, 2020
03/20
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CNBC
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companies out with quarterly results are commenting on the impact, potential impact of the coronavirus dardent estimates on top and bottom lines. same sales and it's withdrawn forward guidance due to the virus outbreak and said so far this quarter same store restaurant seals are down 5.9% backward guidance is much more accurate as yogi berra once said, the predictions are hard, especially about the future. >>> home builder lennar said it was pulling guidance accenture beat its estimates. >>> meantime i want to get the latest headlines on the coronavirus pandemic >> globally, total cases topped 219,000. more than 8900 people have died in the u.s the number of cases stands at 9400 with 150 deaths and in what could be a turning point for the outbreak, china now reporting 0 local new infections it did report new cases but officials say those were from visitors. >>> as calls grow louder for young people to follow federal recommendations to self-distance to try to prevent the spread of the virus, we're now learning about how they're impacted according to the cdc, of the 508 people hospitalized by t
companies out with quarterly results are commenting on the impact, potential impact of the coronavirus dardent estimates on top and bottom lines. same sales and it's withdrawn forward guidance due to the virus outbreak and said so far this quarter same store restaurant seals are down 5.9% backward guidance is much more accurate as yogi berra once said, the predictions are hard, especially about the future. >>> home builder lennar said it was pulling guidance accenture beat its...
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Mar 23, 2020
03/20
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CSPAN2
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darden is a big corporation. it owns lots of sprawrnts. gaylord is a big corporation. it owns opry land. if it has a credit problem and the federal reserve board can make sure it has enough money to stay in business, all the people who work at the grand ol' opry can continue to have jobs. if they don't, they will be out of work. now, what's wrong with that? i mean, the goal of that, whether you work for a big company or a little company, you're still an american citizen , whether you work for fedex or the local diner. and as far as solving the problem of the disease, and then i will let others speak, pass this bill and one day sooner, we would have $10 billion to accelerate treatments. treatments are what we need. to accelerate vaccines. vaccines are what we eventually need. pass this bill, and we would have $75 billion for hospitals. $10 billion for those diagnostic treatments i just mentioned. $1.7 billion to buy more masks. all of that can happen one day sooner if the other side weren't trying to attach its political agenda to a crisis bill. this is no time to be ru
darden is a big corporation. it owns lots of sprawrnts. gaylord is a big corporation. it owns opry land. if it has a credit problem and the federal reserve board can make sure it has enough money to stay in business, all the people who work at the grand ol' opry can continue to have jobs. if they don't, they will be out of work. now, what's wrong with that? i mean, the goal of that, whether you work for a big company or a little company, you're still an american citizen , whether you work for...
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Mar 16, 2020
03/20
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FBC
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all these, look at darden restaurants, down 25%. united asia lines down 23%. tesla down 93-point, 17%. lululemon. stores are closing across the country. groceries are open. pharmacies are open. a lot of stores where you buy regular stuff are closed. give you that list at the moment. susan has got it. let's go to kristina. clorox, tell me all about it, please. kristina: i have bright spots, tell you about clorox, we're seeing the stock climb higher over 3.7%. a few reasons for this. ubs maintaining sell rating, but price target, 152. they're well past that. jpmorgan overweight on the stock, their price target have $185. the catalyst for this increase is the fact that jpmorgan in their note said that clorox is part of the solution. we know a lot of people are using their product. another bright spot, it was difficult to find the bright spots, kroger, american retail chain. stu, you talked about grocery stores. kroger share price climbing higher at 31-point$36. morgan stanley increased their price target to $31. there you go. those are the two bright spots. kroge
all these, look at darden restaurants, down 25%. united asia lines down 23%. tesla down 93-point, 17%. lululemon. stores are closing across the country. groceries are open. pharmacies are open. a lot of stores where you buy regular stuff are closed. give you that list at the moment. susan has got it. let's go to kristina. clorox, tell me all about it, please. kristina: i have bright spots, tell you about clorox, we're seeing the stock climb higher over 3.7%. a few reasons for this. ubs...