kate rogers is in michigan for us. >> domino's may be a established global pizza powerhouse, but in its it is looking moree a startup. it is here where teams from across the country come to collaborate and brainstorm new ideas not related to the menu. really t this in place to help us continue to accelerate innovation in all things deliver so we're able to stand up or break down a store in a matter of hou l. we canook at how we interface with things like this neuro robot, how team members utilize the technology in the stores to make sure we're as efficient and cost effective as we can possibly be. >> reporter: delivery has become a focal point for the industry, so there's a dedicated space for testing new offerings including gps tracking for orders, which is expected to roll out by the end of the year. e bes are being looked at as a way to delivery food in certain geographic areas. there's this. the neuro rob bot is bei deployed in houston later this year. it is an unmanned vehicle that could show up at your door. to use it the customer enters a code right here. >> enter your four digit

kate rogers continues our look at the american consumer.ere's a recession brewing, the american insumer hasn't gotten the memo, particularly whe comes to dining out. census data show that people have been spending more at restauras this year than at the supermarket. one reason is that dining establishmentsre charging more, hiking prices at a faster rate than inflation. >> from a consumer perspective th reains substantial pent-up demand for restaurant servic o. over two of every five american adults report that they're not using restaurts as ch as they would like in their daily lifestyle, and it is even higher for take-out and delivery. >> reporter: but hig prices aren't driving consumers away from spending at restaurants. in fact, the national restaurant association projects total sales at food and drink places will hit $8 billion in 2019. that's an increase of 3.6% over last yea and a new all-time high. restaurants account for ata subsially larger piece of overall consumer spending on food, from 25 cents for every $1 in 1955 to 51 cents to

kate rogers is on the job for us in burlington, vermo. >> reporter: for colin powkovitz remote work meansreedom. >> i value working remotely, just innately. it enables me to be wherever want to be and to have my family be with me in a setti that we choose and a location and a choose that we >> reporter: the 37-year old has worked remotely for the better part of his career with pure charity, a technology nprofit. he ais family were based outside of los angeles but decided they wanted to buy a home and own some land. so they packed up their two kids and dog into an rv and drove 25,000 miles across the country for six months, looking for the ect place to plant roots. they end up in vermont this past january. he took advantage o the state's new remote worker grant program which offers incentives of up to $10,000 to workers who do the majority of their work remotely, to keep their jobs and move to vermont. he says he got some ed,500 reimbuor his move. state officials say it is a way to attract a new and potential younge base in the face of an aging population that's slowly growing in a histori

kate rogers. and mr. allison, by the way, featured speaker at cnbc's evolve summit in chicago next month. the event features ceo leading legacy companies in rapidly changing industries like you just heard about visit cnbcevents.com/evolve to learn more and to register >>> will the apple card get it back on track? >>thpes at> e rkwh goldman sachs ceo had to say about it. that's next. see that's funny, i thought you traded options. i'm not really a wall street guy. what's the hesitation? eh, it just feels too complicated, you know? well sure, at first, but jj can help you with that. jj, will you break it down for this gentleman? hey, ian. you know, at td ameritrade, we can walk you through your options trades step by step until you're comfortable. i could be up for that. that's taking options trading from wall st. to main st. hey guys, wanna play some pool? eh, i'm not really a pool guy. what's the hesitation? it's just complicated. step-by-step options trading support from td ameritrade >>> welcome back to

maybe scooping ice cream a part-time summer gig was the first introduction to the workforce, but as kate rogers found, businesses these days have a tough time finding teens hungry for a paycheck. still hiring is this week's cover story. >> reporter: janai hill is kicking off her first summer working in new jersey. the 16-year old is making $10.50, $0.50 above the minimum wage, serving up cold drinks and fries to customers on the boardwalk. >> when i'm not in school over the summer i like to keep myself busy. >> reporter: hill may enjoy working but the share of teens working or seeking work in june, july and august has been stagnant in recent year. participation rate in last summer it was 40%, ten years ago it was 50% and in the late 1990s, 60% at the same time, the number of teens enrolled in summer courses has gone up significantly. in 1985, just 10% of teens took courses in july. last year, that number was at 45%. while preparing for college is important, experts say so too is having that first job. >> we hear a lot of conversation about being college ready. we don't hear a lot of conversatio

multi nationals feeling the pain now kate rogers is reporting how small businesses are responding to today's escalation in the trade war, kate? >> hi, sarah small business groups weighing in on president trump's escalation the small business out with a harsh statement saying in part the trade war with china was slowly chipping away at small business confidence and these unprecedented actions tweeted by president trump if followed through on will only accelerate the downturn in business investment and confidence. it will then hurt consumer sentiment. we've seen the markets in small business confidence rebound from this type of rhetoric before but words have consequences. china continues to goose the president with retall tory actions and words and sometimes their park is stronger than the bite a more sober response that china would ultimately show who is in charge meanwhile, the national federation of independent business striking a different tone today saying as we saw in last week's nfib small business index, the small business economy is remaining strong throughout changes about a t

kate rogers is at a chipotle here in new jersey, and she's going to check on america's spending at restaurantsll. kate, what can you tell us >> hey, becky, that's right. the lunch rush still under way here at chipotle and so far sales are up over 4% this years. that surpasses sales at grocery stores which are up by over 3% according to census data one reason for the change is changing prices. inflation has risen by 2% year over year, faster than inflation at grocery stores and also higher than core inflation if you take a look at this chart, this is how inflation at both restaurants and grocery stores have risen over the past decade one reason that restaurant prices have risen faster than groceries is that in addition to the actual food they, of course, have to pay for things like wait staff and represent the for the physical space, but inflation aside. another reason for strong restaurant sales is simply a strong consumer. those higher prices aren't necessarily driving people away from spending at places like this chipotle. in fact, according to the national restaurant association, total food

taken a hit over the past few months as worries about the economy trickle down the main street kate rogersoins us now with some numbers kate >> hi, tyler sthae that's right our polls out today for q3 shows a drop of 57 for the confidence number that's tied for the lowest read since q2 of 2017 before tax cuts were first passed. now, a big reason for the drop, trade policy is weighing on the mind of main street. a record high of about one third of small business owners say that changes in trade policy overall will have a negative effect on their business in the next 12 months that is up from about one quarter in q2. 16% say it will have a positive effect and about half said it will have no impact on their business when asked specifically about china trade, about a quarter said a u.s. trade policy toward china has hurt their business over the past 12 months, while the majority reported no impact. 9% say their business has been helped by u.s. trade policy towards china. it is important to note, though, the survey was conducted prior to president trump's most recent escalations with china and p

we'll try better next time >> john, morgan brennan, bill griffeth and kate rogers coming up. >> the stock markets you are talking about. >>> fed chair powell left the door open for some more rate cuts we will check on what that means for housing next speaking of rates, we briefly inverted again between the 2-year and the 10-year yield you can see on the very right-hand side side of your screen there, the fact that it's in the red means that awere inverted fwhachl measure we will have more when we come right back ly road i've ever known ♪ ♪ like a drifter i was-- ♪ born to walk alone! ...barb! you left me hangin' on the high harmony there. if you ride, you get it. geico motorcycle. 15 minutes could save you 15% or more. >>> welcome back let's check on the yield on the 10-year note as markets sell off this afternoon, we're just above 1.5% 1.5%, and we were at 3.25% last fall yields today began to slip after fed chair powell said the central bank will continue to act appropriately to sustain the economic expansion but yields really tumbled after the president's tweets against china this morn

. >>> what if a state paid you to relocate there that's what's happening in vermont that kate rogersound the state is offering incentive to make that move. >> remote work means freedom. >> i value working remotely just innately it enables me to be wherever i want to be and to have my family be with me in a setting that we choose and a location and a culture that we choose. >> reporter: the 37-year-old has worked remotely for the better part of his career with pure charity a technology nonprofit he and his family is based outside of los angeles and then decided to buy a home and own some land. they packed up their two kids and their dog in an rv and drove 25,000 miles across the country looking for the perfect place to plant roots. they ended up in vermont this past january he took advantage of the state worker grant program which offers incentives up to $10,000 for the workers who do their jobs remotely to move to vermont. he got some 4,500 reimbursed for his move this is a way to attract a younger tax base in a population that is growing in a historically tight labor market. fitch r

. >> thank you now over to kate rogers at the nasdaq recovering prfriday's losses. >> the nasdaq up over 1% nasdaq 100 up. both on track to break the losing streaks tech names moving here today apple having a biggest positive point impact on the nasdaq 100 that stock up 1.5% on the renewed hopes on the resolution. other big tech names adding to gains today include microsoft, google, amazon and facebook. also bob just mentioned the russell 2000 up just under 1%. on track to break the two-day losing streak and in correction and on the down day is all those bio tech names, alexion, biogen. back to you. >> thank you. >>> it's a wild 48 hours for the markets. look at the twists and turns between president trump's tweets and breaking headlines starting with friday china announced tariffs. we did see a 235-point drop for the dow. and then we had positive comments from fed chair powell's speech which brought us up 190 points president trump then tweeted that american companies are here by ordered to start looking for alternative to china that one sent the markets plunging, 630 points and the twe

business owners saying that changes in the trade policy will have a negative effect on them our kate rogersails kate >> hi, melissa, that's right well, trade policy certainly on the minds of main street our cnbc and survey monkey small business confidence index is out today and as you said, a record high of about one third of small business owners say that changes in trade policy overall will have a negative effect on their business in the next 12 months that is up from about one quarter in q2. 16% say that it will have a negative effect and about half said it will have no impact. now, when asked specifically about china trade in particular, about a quarter said u.s. trade policy toward china has hurt their business in the past 12 months, while the majority reported no impact, 9% says their business has been helped by u.s. trade policy towards china. it is important to note, though, the survey was conducted prior to president trump's most recent escalation and prior to the treasury department declaring that china is a currency manipulator. those trade tensions are a big reason for the overa

. >> guys, thank you all really appreciate it today dom, kate rogers and ron insana. >> ms. rogers. >>> markets are volatile the trade war with china continues to shift on a daily and sometimes hourly basis what's next in america's ongoing spat with china? we'll look at potential fallout r veorcongp. n broken. and put back together. this is also hal's heart. and this is hal's relief, knowing he's covered. this is hal's heart. and it's beating better than ever. this is what medicare from blue cross blue shield does for hal. and with easy access to quality healthcare, imagine what we can do for you. this is the benefit of blue. what do you look for i want free access to research. yep, td ameritrade's got that. free access to every platform. yeah, that too. i don't want any trade minimums. yeah, i totally agree, they don't have any of those. i want to know what i'm paying upfront. yes, absolutely. do you just say yes to everything? hm. well i say no to kale. mm. yeah, they say if you blanch it it's better, but that seems like a lot of work. no hidden fees. no platform fees. no t

more about the next wave of this program that will hopefully bring younger workers to the state >> kate rogersat a beautiful shot up there. gorgeous stuff thank you very much. >>> how important really is today's job number let's bring in bruce kasman from jpmorgan chase i'll probably get fired after this question. usually the jobs number is like our top story. it's like this huge thing. i wonder with the trade fight, the fed, does the jobs number today matter at all? >> of course it matters, we're trying to figure out how the economy moves into the second half of the year, i think the signal from the jobs report is that we're still doing well. of course the issue is really how are we going to be affected by a new round of tariffs. the tariffs themselves are so small i don't think this matter. it's about the issue of business confidence, not just in the u.s. but globally that's been getting hurt over the last year and is likely continuing here. >> this is really a situation, bruce, where main street and wall street are diverging. main street, we want a strong jobs number and a strong u.s. econo

kate rogers has that >> and we just got in a statement from the founder and former ceo and chairman of papa john's on rob lynch being appointed as ceo of that cove today, senate t saying in part that i'm hopeful he can be successful at papa john's the company was run very poorly the past two years while i still have many reservations about the actions of the board of directors and their ability to fix this business, the decision to determine steve ritchey is a step in the right direction. we'll have more coming you up on "power lunch." >> kate, thank you >>> president trump refraining from slapping tariffs on autos both from japan and the european union. we'll have those details and drastic step that china could take to boost its auto industry, next china has unveiled new measures to boost consumption, including a possible removal of restrictions on auto sales a lot of auto news around the world to contend with. phil lebeau is here with the headlines. >> let's start with china. the federal government there put out a statement early this morning basically saying, you know what, we're go

much new report out today with rather scary numbers on how much debt americans are carrying and kate rogers has the details. >> hi, tyler the new york fed released its latest report on household debt, showing household debt levels including credit cards, student loans sxrk morkages are at the highest levels since 2008. aggregate household balances increased by $192 billion in the second quarter, hitting $13.9 trillion, more than $1 trillion above the previous peak hit in 2008 this is the 20th consecutive quarter of increase for total debt levels there. mortgage balances have increased $162 billion from q1 to q2, hitting $9.4 trillion. this exceeds the peak hit in 2008 of $9.3 trillion. mortgages are also the largest component of household debt, making up about 68% of the total balance. the report also says that 232,000 consumers had bankruptcy notations added to credit records in q2, up from 225,000 last year, and a recent report separately from the american bankruptcy institute found that bankruptcies increased by 3% in july of 2019 to just under 65,000 but despite this troubling trends, d

kate rogers is in vermont. >> that's right. look around.ermont is absolutely gorgeous, but it's got a few challenges. an older population that's growing slowly so the thinking is outside of the box with this new remote worker program it will offer you up to $10 thourk if you're a remote worker who wants to relocate here to vermont and do your job. one of the people who did that is named collin. he now lives on 64 acres in paul let got reimbursed about $4500 for make iing the move >> one of the thing i love about remote work is that it allows the worker to choose whatever environment is going to be most conducive for their work >> this state is expanding this program come january to new workers who come to vermont and work for companies based here like daan tough. the software manufacture is eeg eer for talent in this market. >> we're going to be double our workforce in a matter of years and we need to work and partner with the state to get those workers here >> now of course they want younger workers to come, but there's fo age limit for ei

here to break down the headlines are dominic chu, kate rogers wait, what was her name again?ou know, the spider-man, the girl >> mary jane >> we'll explain in a moment and bill griffeth. welcome, everybody first topic let's talk about shares of target and lowe's today which are absolutely soaring after both reported blowout earnings this morning. target hitting an all-time high with a 19% gain today. it's over 101 bucks a share. lowe's having its best day in 11 years and home depot at an all-time high. >> you know who should be here to talk about this >> courtney reagan perfect timing how much better -- i mean, target was already up how much this year? and it is up 20% today >> this was pretty astonishing it's that winners keep winning we knew that walmart was strong. we had suspected once we saw walmart's numbers that target would be the same largely because while there are different retailers, they are employing similar strategies >> what are they doing >> so what they're doing is they are really kind of leaning into the stores to be honest. walmart did close some stores, b

nasdaq now, kate rogers with the movers there kate >> that's right.are closing out the week here higher at nasdaq and for the month down just about 4% breaking a 2-month streak here the russell 2000's also down over 5% for month of august. to the downside in august, ulta was the biggest laggard, kraft heinz down 20% sea trip a loser here and net app seeing losses. and then to the upside bio techs, amgen among the winners, costco and pepsi seeing gains of 7% and over 10%, guys. >> thanks very much, kate. mark, we have banks down some 9% for the month overall. that's even after a strong bounce, 4% bounce, this past week is there still value there >> i would say, no i'd be avoiding the regional banks specifically they can't make money given where the net interest margins are right now given the yield curve. that's one of the reasons we are avoiding small caps in general right? there's a very heavy concentration to regional banks within the small cap index and they have very heavy concentration to industrials which are cyclical within small caps, you have

let's get to kate rogers in ann arbor, michigan, with a look at "squawk on the street." >> we're herere companies testing out for delivery to unmanned dlifrleriverless robot delivery we'll tell you all about it coming up on "squawk on the street." >> rick santelli at the exchange good morning, rick. >> i'd like to welcome my guest, morgue steam investment management brian weinstein brian, let's get right into it move that moves markets. china adds more stimulus, germany talking about for the first time maybe not so much a surplus in the budget but write big checks maybe 50 billion euros our federal reserve talking about lower rates eu in general, september 12 is supposed to be a bazooka-type meeting does this fiscal and monetary, we've been using it more than organic growth has been bubbling up. >> yeah, rick, i think it has a price. you look at global yields and how much it has fallen, the market is skeptical it can come together to get enough organic growth to go the right direction. the price might be confidence in the system. >> you know, many stock markets in the past like the na

all a bit more on what's moving this morning, other than ulta, which is certainly a feature today kate rogersdown almost 26%. >> that's right. the nasdaq opening higher by just under half a percent this morning, looking to end the week on a positive note, breaking a string of four consecutive weekly losses ahead of the new tariffs, kicking in on sunday. for the month, though, the nasdaq composite still down by over 3.5%. tesla is a big mover this morning on news that 16 of its models will be exempt from china's auto purchase tax. the company raised prices on some of its vehicles in the country. you mentioned ulta, huge mover here, i love that contouring conversation you just had. down by 25%, the comp store sales lower than expected. the company also lowering the profit forecasts sales of the color cosmetics did slow down. dell up more than 10%. the company reporting beats on the top and bottom line. thanks to stronger sales on its computer product lines so it is also saying it successfully is handling some of the tariffs imposed on some of it products and another one we'll keep an eye on, ap

the national federation of independent business is out with its latest confidence report kate rogers kate, what does it tell us today. >> the index increase by 1.4 points to 104.7. the uncertainty that we saw back in june around trade and tariffs seems to have subsided some what in july. it is important to note this latest survey was taken before trade tensions escalated in august and china was labeled a currency manipulator we'll have to wait and see if that weighs things down. we are just about four points below the all-time high that we hit last summer. this month, seven of the ten components increases the largest increases were centered on the economy. more businesses said that they expected higher sales and expected that the economy would impruch. n improve the biggest drop was in inventory satisfaction stild lab skilled labor is an issue. the group said that small business are likely to continue to increase wages to attract talent in this tight labor market something we're hearing month after month. >> thanks so much, kate. >>> okay a lot more up on squawk in just a minute when