nancy soup by the way, i got the other side of the trade a pair trade for jim chanos, you can go qsr nd chipotle versus duncan you have a long-short combo. >> i'll take it under advicement, jim. >> you are the best. i can't wait to go to the conference to get you a ticket >> i'll get you the ticket >> thank you very much. >> we will see you in a few minutes coming up. also, back here on "squawk box" in a moment. we will get jim chanos on the marks. duncan brands will be on later as well. he will respond on the stock, unveiling this is a new short position ar is short for a ye >> that is coming up at 3:00 p.m. eastern time. make sure you stick around [phone ringing] need a change of scenery? the kayak price forecast tool tells you whether to wait or book your flight now. so you can be confident you're getting the best price. giddyup! kayak. search one and done. - anncr: as you grow older, -your brain naturally begins to change which may cause trouble with recall. - learning from him is great... when i can keep up! - anncr: thankfully, prevagen helps your brain and improves memory. - da

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also a programming note for you, don't miss "squawk box" tomorrow our guest host will be jim c chanos atomrow morning at 7:00 a.m. eastern time. you know what's awesome? gig-speed internet. you know what's not awesome? when only certain people can get it. let's fix that. let's give this guy gig- really? and these kids, and these guys, him, ah. oh hello. that lady, these houses! yes, yes and yes. and don't forget about them. uh huh, sure. still yes! xfinity delivers gig speed to more homes than anyone. now you can get it, too. welcome to the party. . >>> welcome back to "squawk box. recapping the news from our parent company comcast, this just crossed at the top of the hour, comcast has formalized its cash offer for sky the total value of the bid is 1 $31 billion. it's also included a number of commitments including maintaining the annual budget for sky news for ten years at a minimum of 2017 levels also establishing an editorial board to assure the independence of sky news. 21st century fox has been trying to buy the 61% of sky it doesn't already own, but the attempt has been rebuffed

short seller jim chanos was on "squawk box" this morning.o one here owns tesla, what would get to you buy the stock, let me put it to you that way, what would get you to buy it, not short it >> that's a great question, for me, it would be see more cash flow and less of a debt structure. >> you know, he certainly had a lot of criticism about tesla here's what he said about what he thought elon musk's future is going to be with the company >> i think he's actually going to leave as ceo. i think he's going to move over to spacex. if you read his compensation package that was approved by the shareholders, it specifically says he keeps the compensation package if he remains as nonexecutive chairman and not ceo. >> that's chanos if ever ale company was defined by one individual, this is the story. >> yeah, because we all know the product's great. however, he always has to use that alternative reality to basically get you past whether they miss on their production numbers. >> many people buy this stock because of elon musk >> and he's done it time

is it labor costs that you mentioned or consumer costs or even some criticisms that jim chanos was making is their biggest worry? nigel: it is simple, the lack of labor. i talked to the administration about it, there is a lack of people coming into the workforce . we're working hard with our franchisees to create the right culture at the store level so it helps retain people. program simple vacation program wastion about getting more people in the door. in thecannot get people workforce, that will impact growth. it is something we talk about all the time. i was in washington the last two weeks, it is not only us saying it. every company in our industry is saying it and several other industries are also complaining about the worker shortage. more: is paying them increasing your ability to tackle this problem or does the business model then become unsustainable in order to get the labor you need? there is obviously an opportunity to pay people more. there was an article last week where someone paid an amount and still could not find the people. the supply of workers currently available in t

we'll find out today at 2:00 p.m don't move >>> sticking with food, jim chanos revealing restaurant and du dunkin brands. restaurants have struggling. he adds that in both the cases there's a battle of the franchisers versus the franchisees. here's what he said to say about do dunkin. >> it's as low as 2% returns this is not an economic deal for their expansion. this gets back to the heart of the problem. the boxes by and large, as more and more of these franchisers grow by increasing units, if they're not same store sales, as we saw this morning, they aren't growing. >> stocks are down this year dunkin reporting results this morning, missing on revenue. >> see that? >>> royal caribbean, also a key read on the consumer the cruise operator posting mixed results. the stock is taking a hit. 15% in the past one year but struggling in 2018 are there more choppy waters ahead or will it be blue sky and cool breezes for the rest of the year the royal caribbean ceo will join us next. >>> check out the llray happening? visa, home depot and microsoft are all leading the dow. at cognizant, we're he

a lot of democratic financiers who are billionaires, i can rattle them off, you know, jim chanos, mark i don't think robert wolff is a billionaire but he has bucks. they work on wall street. neil: they're all connected. >> yeah. raise money for my pac to help democrats get congress but i'm thinking of running for president. my pac, the fund-raising apparatus of the pac, the names, lists, you name it, that is going to be the springboard for me if i run for president in 2020. what these folks are telling me, what you have is a mirror image what the republicans had leading up to the 2016 election. an extremely crowded field of about 15 people that could possibly be in this. the names, and i'm just throwing a few out there, kamala harris, california senator, you know her. ohio congressman tim ryan. a moderate. tried to get rid of pelosi. he is shaking the trees for pac money. joe biden as i said did another fund-raiser last night. neil: most well-known? >> terry mcauliffe i understand. cory booker i don't know if he is raising money for a pac but clearly a potential candidate in 2020. what

>> although that was pretty good >> jim chanos, make sure you join us tomorrow, "squawk on the street" begins right now [ music playing [ music playing >> good thursz morning futures up, nasdaq will try to break a five-day losing streak tons to tell you about amazon, microsoft, intel, ecb is green, holds steady. despite backlash, they top expectations no slowdown has been reported. >> chip maker, beating on the top and bottom line. upped its revenue guidance. >>> a week after that fatal midair engine failure, southwest warning of a drop in bookings. gary kelly will join us exclusively this hour. we have a blockbuster lineup three ceos, dr. lisa su and gary kelry of southwest and brian niccol of chipotle steve mollenkopf of qualcomm and hugh johnston from peps soco and lance fritz. >> it will be rock 'n' roll here, jim. >> this is the biggest day you got to talk about earnings obviously, facebook is coloring technology given they did not say anything negative or surprise in terms of their spend, unlike say alphabet so when you get a quarter like that, it's almost like nothing happened

i think some of the pullback, some of the concern we've seen like a jim chanos on the refranchising mayink he's got the right idea, but i think top of the line franchisees are very much worth a look >> what does a company do if you've got a location that isn't cutting it >> i think you get rid of it at that point you find a lot of times, you get the bottom 10% that really just weigh down on overall results. i think the company's done a good job of that that was the other benefit of the refranchising program too. you put it in the hands of the operates who know a given market, that set this stage for turnaround on these businesses either close location or relocate it to a more successful location >> amazing story watching it over the years, mcdonald's because it goes up against a lot of head winds. public opinions head winds, et cetera pc head winds. anyway, thanks, r.j. >> thank you >>> coming up in the next half hour, we're going to get to our news maker of the morning. we're going to talk regulations in the latest effort to take on ipo fees that and a lot more coming up. there are peo

on thursday our special guest will be famed short seller jim chanos that starts at 7:00 a.m.here on "squawk box." by the way, check out the yield on the 10-year 2.988% we're almost there almost there almost 3%. we'll be right back. once there was an organism so small no one thought much of it at all. people said it just made a mess until exxonmobil scientists put it to the test. they thought someday it could become fuel and power our cars wouldn't that be cool? and that's why exxonmobil scientists think it's not small at all. energy lives here. >>> welcome back, everybody. let's get back to our guest host this morning barry sternlicht who is starwood capital's ceo. we started the program when you joined us talking about yields and what that means for investors. particularly for real estate investors. let's talk about the markets you see, places where it makes sense, places it doesn't you've got everything from apartments you own in the united states to retail investments and then stuff you're looking at >> well, start with real estate. with kevin we were talking about venture

years to drive those comps we're not sure about the initiatives in place to due that >> we had jim chanosour show yesterday. he talked a lot about the quick service restaurant space he's not short starbucks, but he is short dunkin' donuts. he doesn't like franchisees that don't own their own real estate or stores. he talked about how competitive that space is now. what is happening there? >> what's happening in starbucks and dunkin' donuts, in the morning is where the peak hours are and where most of the traffic is the afternoon is getting tougher. a lot of that is because of the increasingly aggressive value messaging by mcdonald's and bigger guys. it's tough to hurt them in the morning, but in the afternoon value players will seek that value out with dollar drinks so starbucks and dunkin' donuts are having trouble in the afternoon. that's why the loyalty programs are so important to them you have to get the people in the door more frequently and that will be tough to do in the current environment. >> is the stock still captive to this struggle in america to get these comps up to their t