darden plunged head first into the restaurant and will take share from the dead restaurant cohort theexed muscles and used considerable cash flow to pull away from the pact as the owner of a couple restaurants companies like darden and chipotle are taking share from empty store fronts and closing those who couldn't afford to stay in, that couldn't stay in business with all that covid related occupancy problems, the restrictions, i've got to tell you, the socially distance killed them look, some restaurants will be mothball when there is no social distance the requirements of the second round of the paycheck protection program were so complicated many small businesses didn't bother to try the government really did try the best to save them. no, in fact, i'd argue the pandemic lasted just enough to wipe out the little guys leaving the larger players with the cheesecake factories, texas road house, they are doing incredibly well i also expect starbucks to report much better numbers for the same reason. so many corner coffee shops didn't make it which means the estimate should be way too

medical where there's a little bit more cautious there or any nurse song that there's an arsenal in darden of her. i've met many mothers from santa isabel who are searching one of them gave birth in april 965 which is when my biological mom. or was there. she remembers a woman writing letters to someone from pamplona on color as to fit the. she gave birth a month after my mother did in may but 3 or 4 women could have given birth that month. this is the closest i've ever been i was born in may but. it's still uncertain. why did my mother get pregnant why did she give me up was she tricked or forced why did she give me up willfully. why did they pay a $1000000.00 pesetas for me who got that money. as i can only guess it was he was pretty much. what most of you what you know what a token but it wasn't a comment that some day but rather that it would. as with you know you are going to go how you are the most or not yet one church going like the one we are gonna be right you're going to even know when they move them you don't accept it i know about you i don't know if you're going to nobody mos

, is darden the only large italian food restaurant that got through, because a lot of the italian we?y have scale. >> i don't know? >> what? you don'e open and until people really coming back isn't it sort of a money-losing proposition. >> well, no, i mean look, adam aron's goal, he's not a monopolistic but it is to be able to stay alive through this period he came on and he said that there's been five bankruptcy scares five i mean that's incredible when you go read the darden conference call, they're talking about how much they can spend versus everybody else. i mean one of the things that's happened here is that the big got bigger i don't know, carl i think that this is - >> that's true but when i think of a final thought quickly on amc and think about the big winner, it's silver lake, they thought they had basically a zero on their hands and they sold out at 12. so right now, that is the only - >> trying to get out before this all hit. >> we'll see >> they're a loser. >> fascinating, guys, what a tale >> guys, every sector is green except for oil and we've got the vix once again be

probably opening the doors to your ip guess what interview or even claimed he himself had illegally darden restaurants with a certain number of ministers. and he didn't wear masks they're not buying bottles of champagne. was of the french government there have been i don't mean on a dish of the gatherings. if ministers have broken the rules they must be punished like anyone else if this is territory so well informed let he name names there are not 2 types of citizens those who have the right to party and those who don't restaurants are supposed to have been closed in france and sucked. out of the coronavirus we gave reaction to the claims on the streets of paris. it was because of course we all need to relax but such a different attitude to people is simply shocking most french people like streamlet attentive we are asked to be on our guard and so it is surprising that people are treated differently it seems that everything is allowed for them and they have the right to do what others do not have the right to do i think these ministers need to ruin to the restaurants because people have no

supports the restaurants moving forward, and lastly, of course restaurants group in general, like a dardenor a mcdonald's or a yum brand and these are some of the things investors can think about but also it's more about some of these other sector s that we also saw how pretty significant job gains from last month. liz: yeah we're looking at some of these charts and while some of them maybe close to one year highs they're not one year highs and specifically the public services enterprise group, peg still up 31% over the past year, but we'll be watching every single second certainly on monday but you can see starbucks, mcdonald's, all of these restaurant chains that were able to be a little more fleet of foot than the smaller guys majority it do really well once the big reopenings happen. brian and jed, thank you for joining us and again, we are keeping our very close eye on the situation on capitol hill. we will be right back with the latest developments. i have the power to lower my a1c. because i can still make my own insulin. and trulicity activates my body to release it. once-weekly tr

look at at home stocks, peloton, a zoom, shift into reopening trade like darden restaurants or uniondavid, what will be the leading indicators to you're looking for that will signal that we're going to have a more extended downturn? >> i think a couple things, we're getting very good earnings reports here. they're exceeding expectations but stocks are not really moving on that news. so that's one. the other is that maybe some of this inflationary pressure we're all expecting is a little more intractable than the fed thinks. all of sudden that shows up in forward expectations in terms of earnings this terms of inflation that is going to pressure stocks i think given where valuations are as you mentioned. s&p right now at 22 times forward earnings, it is in the 95th percentile of historical observation. that is a stretch. [closing bell rings] liz: david joy of ameriprise with always great advice. thank you so much. that will do it on "the claman countdown" where we saw decent moves. larry: hello, everyone, welcome back to "kudlow," i'm larry kudlow, great pleasure to be here as always.

it's like ellison looked at like marcia clarke and chris darden and was like, i ain't going out like that. right? he just was -- that's not -- he brought the a team, b team, the c team. as you pointed out, he brought in defense attorneys. he had neil, former acting solicitor general of the united states. so, like, they brought everything to bear. are they going to do that for daunte wright? is that what's going to happen with -- with ma'khia bryant's case? is it going to happen, over and over and over again? does it need to happen over and over and over, again, to -- to bring these cops accountable? because if this is what it takes, if this is the mountain that we have to climb to get one level of accountability. i just don't know how repeatable that is. >> and, paul, it's an excellent question because i wonder. i mean, you -- you even had gwen karr. is that going to happen even for the other three cops? right? so now, there is a sentencing that is going to happen in june. then, those cops got to make some decisions. if they decide to go to trial in august, can this even be repeated

doctor martin— in a term used by darden doctor martin luther king back then and we now have _ martiny grandfather told me of stories playing in the he go teaks, _ me of stories playing in the he go teaks, my— me of stories playing in the he go leaks, my dad mentioned this and i'm looking _ leaks, my dad mentioned this and i'm looking for— leaks, my dad mentioned this and i'm looking for those records but i can tell you _ looking for those records but i can tell you one thing, a table at something like jackie robinson mentioned to my grandparents. and he .ave mentioned to my grandparents. and he gave a _ mentioned to my grandparents. and he gave a tot _ mentioned to my grandparents. and he gave a tot of— mentioned to my grandparents. and he gave a lot of people who grew up in the segregated south hope. it gave them optimism, give them someone to emulate _ them optimism, give them someone to emulate and _ them optimism, give them someone to emulate and now having the ability to have _ emulate and now having the ability to have these records folded in as part of— to have these records f

i remember one tour in particular from the business school of darden uva. i was 20 minutes in.pitting gold. it was awesome. and a guy pulls me aside and says in a very thick accent, so thomas jefferson and abraham lincoln, they were friends? i said, i should have done more research on this group because none of them were from the united states. sometimes you miss easily and sometimes it goes very well. same thing christian said, i've had visitors, like an 80-year-old african-american woman cry and thank me. that feels like a win. i would say the same, when somebody says it's horrible the way you discuss slavery, when someone is telling you that slavery is wrong, you've done right. >> well said. >> i would say on the upside for us, when we made the research announcement in 2016 that we had found the foundations of monroe's original house, one of the most absolutely wonderful things to come from that was a man posted on social media named george monroe, an african-american, that he was owned at highland. that was his ancestry. our director was able to make contact with him and he

darden restaurants announced a week that was greater than a comparable week in 2019. i think it's going to explode relative soon, maybe too much. maria: yeah. well, maybe too much and that's why the inflation worry this. paul, that brings me to you. president biden unveiling this massive $2 trillion infrastructure plan yesterday. it includes raising the corporate tax rate from 21 to 28% and imposing a new tax, 21% global minimum tax to help cover the cost. tell me about the impact here. what would you expect investors -- how will they respond to the president's spending plan in your view. >> the first problem is we've got several hundred billion dollars left from last year that hasn't been spent plus you've got almost $2 trillion already coming in, in the stimulus plan earlier this year. now on top of that, you're packing another $2 trillion. i don't think this recent package from president biden is going to pass in a snap like the last one did. i see it as being a tale of two bills. if they want to get bipartisan support and they even want the moderates like manchin

darden restaurants up 21%. the senior research ainnalyst and ker ry firestone you do other things as well. we can talk reopening with you where is the value >> what we're seeing across the board is that people want p to travel there's a huge jailbreak going on and we are seeing strong spring break traffic better than we expected. we are also seeing very good forward bookings we are seeing bookings for the summer months start to pick up and the booking curve lengthening which we view fa favorably. we think the quarter will start off better than we originally thought and go through the summer months at least through labor day being fairly strong. >> numbers that we talked about in terms of the moves we have seen, there's more left? if you are not in yet, wait until they pull back >> this is scary, joe, because these stocks are back to pre-pandemic levels and earnings are not. we are careful about where we put new money. they anticipating 2023 earnings. we don't have the industry profitable until that year low cos