joining us this morning is david gibbs.s ceo welcome back, it's good to talk to you. >> great to be with you guys. >> the quarter is fascinating. the inflationary backdrops is fascinating. it seems like unit growth and digital are the two big headlines this morning. >> yeah. i think that's right you know, it was a great quarter capping off what i would call a great year i've been with the company for 32 years i don't think we've experienced the year with the kind of growth we had the past year in those 32 years. >> i'm sorry, go ahead dive into digital. because $22 billion is a lot of money. >> yeah. $22 billion is a record for us obviously a way up from just the few years ago. in 2019 we did $12 billion the growth there is encouraging. $6 billion in the quarter. what we're seeing is the customers that are switching to digital investments with e made there are paying off and those customers are sticky in the digital channel. even when they are returning to the restaurants. they're still using digital because it's easier for

. >> at young brand the ceo david gibbs expressing similar optimism about the company which owns kfc,e hikes if needed. >> always provide great value, in inflation anne environment we have room to take price and other levers to pull to manage pressure on inflation. arrangements third game in the hiking prices is mcdonald's. ceo says no customer resistance, franchisees expressed frustration. a range in which the price should be and many don't want to go too high and turn consumers away. >> anecdotes for fast food play chick-fil-a, eight-piece chicken nugget large fry and drink combo meal $80 something, grigrill -- $8 and a chicken wrap who thing. $18. >> i believe it. >> i'm surprised executives you spoke to have ability to push through the price hikes with little resistance, suggesting to me that at least as far as food price inflation goes, in this middle market, they're facing no resistance, and that inflation's going to be harder to tame, because why wouldn't they take the prices >> yeah. exactly. particularly when you talk about chi chipotle, stock up 10% talking about value popiz

nick gibb, former schools minister, said under david cameron, theresa may and then borisjohnson untile reshuffle last year. he has been writing in the daily telegraph this morning, there are a couple of significant things about this. first, he is not what you would call a westminster firebrand so i think his intervention is significant. the language he has used in this article is quite strong. he talked about it having been inaccurate to tell the house of commons that there was no party. he raises questions of trust. he concludes with comic to restore it trust we must remove the prime minister. now we know a number of his colleagues are mulling if they agree with that analysis, too. plenty of conservative mps don't, like for example the former cabinet minister liam fox, who has pointed to the fact that so by the threshold of 5a letters to trigger a confidence vote, 15% of the tory mps, hasn't been reached. yes, you've got some unhappy mps, yet they've not even reach the 15%. in other words, 85% of my colleagues are still willing to give the prime minister the benefit of the doubt. the

nick gibb served under theresa may and david cameron as a minister.—rouser. i think the names coming forward might be of concern. and the fact it does seem to be people from not one particular faction in the party, but right across at the moment. seeing how that develops in the coming weeks and whether that builds into the pressure that goes to a confidence vote. �* , ,., , pressure that goes to a confidence vote. �* , ~' , vote. absolutely, we will keep across developments, - vote. absolutely, we will keep across developments, thank i vote. absolutely, we will keep i across developments, thank you. emergency workers in morocco are hopeful they'll soon reach a five year old boy who's spent four days trapped in a well. the child, fell more than 30 metres into the shaft, while his father was repairing it. the shaft is narrow — so rescuers are digging a parallel hole to reach the boy — as simonjones reports. it isa it is a race against time. rayan has spent a fourth night below ground. rescue workers say they won't stop until they get him out. worried lo

nick gibb served under theresa may and david cameron as a minister so he is not necessarily the usualng forward might be of concern to downing street and the fact that it does seem to be people from not any one particular faction in the party but right across at the moment. see how that develops in the weeks and we'll see whether that builds into that pressure that goes to a confidence vote. well, meanwhile, another former minister, liam fox, has been speaking at an event in the past few hours. he's told party members in the south west of england that being a conservative is not a vehicle for personal ambition — but comes with a built—in set of values and beliefs. he was asked whether he continues to support borisjohnson. ifi if i didn't support borisjohnson i would have already submitted a letter and i have not. and i think what we need to do is get on the process of government. it is not as though we're short of big issues to deal with. with the crisis in ukraine, we've got the global recovery from the pandemic, we have got inflation rearing its ugly head and we have seen a rise in

gibb, and he's quite interesting. he's a former schools minister. he served under davidar, but he's not exactly known as a firebrand rebel, rabble—rouser in westminster — he's quite, sort of, quiet, he's not in the papers all the time, so the fact that he has chosen to make it public feels quite, sort of, significant in itself. and he's also written an article in the daily telegraph which is pretty blunt, in which he says it was inaccurate of the prime minister to tell the house of commons there was no party in downing street. he says his constituents in bognor regis and littlehampton are furious about the double standards, asking, "can we trust him?" and he ends this article with, "to restore trust, "we must remove the prime minister." now, we know that some of his other colleagues are mulling over whether they agree with that analysis. plenty of conservative mps do not. you know, either they want to keep borisjohnson in place, or they certainly don't want to get rid him now. have a listen to liam fox, the former cabinet minister. yes, you've got some unhappy mps, but,

david mentioned peloton, the peloton sweepstakes could be underway but the question i have what other beaten down darlings could be in play. joining me, gary kaltbaum, shah galani and erin gibbsi want to talk about the shifting tone, growth coming back in. gary, this is an area you excel in, are you aggressive? >> in my mind, yes, not with my dollars. some of the names went down 30, 40, 50, 60%. something to go down 50% rally 20, you're still down 40 in a big downtrend. i do think a couple mondays ago may be a pretty darn good low. i'm hoping to get better off of this. when i see google gap up to new all-time highs and miserably fail that is the type of thing that worries me. i'm really not seeing a lot of great leadership, yet. i can tell you i know what leadership looks like. the only place i'm finding it right now is energy, some commodities and a smattering of financials. not yet in the growth arena, but i'm hopeful one day. charles: all right. erin, on the other side of this i think is value. i think a lot of value names are overvalued in relative terms. you were smart making the big shift in that direction. are you making any new adjustment now to your portfolio? >> rig

nick gibb was a minister who served under borisjohnson, but also theresa may and david cameron.ling, encouraging suicide, fraud and revenge porn. the government says it'll be able to bring the full weight of the law against people using the internet as a weapon to ruin other people's lives. it's going to hold to account, hold the feet to the fire of those online platforms, they have been allowed free reign, damaged lives of young people and adults and will be held to account for the first time. users will also face new criminal offences for sending threatening or harmful messages, protecting high profile figures like england's footballers who faced a barrage of racist abuse after the euros. deliberately posting harmful material like hoax covid treatments may also become an offence. but what about extra protections for children? what we need is a statutory code that protects children wherever they are online, and we need privacy preserving age assurance. so we make sure that we know who the kids are and we treat them accordingly. at we've just got to bring an end to treating kids