here with their opinions we have dom chu, contessa brewer and kate rogers.nity software, a video game company, is surging at $69 unlike the other high-flying ipos this week, they're letting investors cash in on this run-up they can sell 15% of their vested shares, dom, i think is a great move i don't know why other companies don't allow for it, and it's certainly not hurting the performance of the stock today despite what a down market we're in >> it's interesting because you talk about this idea that there are so many folks out there who have a vested interest and they're looking for this liquidity event. lots of times you don't want to see employees selling this stock because it really doesn't sell well you can't tell the story and say, hey, we want you to invest in this company because it has a great future, yet you don't want your employees to stick around for the long term. as an investor, you might want to see these folks keep their shares, at least for a little bit here >> in my old age, i come to realize that a lot of these ipos don't make a lot of m

kate rogers has all the latest for us kate >> hey, kelly.ts are still struggling in a big way but new data from black box intelligence does find a silver lining, that performance in august was the best it's been since february before covid really took hold of the industry sales for august were still down 12.3% year on year, so companies, of course, have a long way to go black box says 10% of restaurants remain closed which now may represent permanent closures at this point as this number has been constant for st seven weeks now. major chains showed that consumers are leaning in to limited service concepts right now. drive-thrus are also seeing continued strength even as restaurants around country have reopened drive-thrus went up 13% in july, including carryout and delivery. but some positive news that could mark a turning point attitudes toward on-premise dining are now shifting. our recent poll found that 51% of respondents found nationwide they consider dining in this stage of the outbreak to be safe that is around the lows in july of 30%

i've seen the signs up all over town kate rogers, i appreciate it. >>> the man is on pace -- tech iserforming sector today. dow is down. does the downturn create big-name buying opportunities? that debate is next. stock slices. for as little as $5, now anyone can own companies in the s&p 500, even if their shares cost more. at $5 a slice, you could own ten companies for $50 instead of paying thousands. all commission free online. schwab stock slices: an easy way to start investing or to give the gift of stock ownership. schwab. own your tomorrow. >>> welcome back we are tracking this market sell-off with the dow down, just a few points off the session lows by the way, it would be worse if apple hadn't done the stock split. everyone else is down 2% to 3%, energy an outperformer but we're up massively since the march lows just by the headwinds we've, and with the coronavirus. we've seen this week, is it all a part of a larger correction? i'm joined by jim iuorio. >> and karen firestone, it's great to have you both here. is there more to go on the sell-off >> not much. i don't think thi

mike santoli, eric chemi and kate rogers for "rapid fire. >>> john mackey will be on "power lunch" nextso we'll get a chance to ask him about all of this. >>> kate, what's going on? >> president trump made a surprising announcement from the oval office of a peace agreement between bahrain and israel following the agreement between israel and the arab emirates trump said all three of those countries will be on hand at the white house to us to sign these peace accords and he expects peace to spread across the middle east and says he sees very positive things potentially happening with iran and the palestinians, so trying to point to some positive geopolitical developments after a difficult week at home >> that has to be one of the few bright spots this whole year kayla, thank you very much >>> jp morgan making a move that betting on companies before they asr.ublic will be even eie we have the exclusive cnbc details on this next stay with us how we come up with new ways to serve our customers... and deliver our products. but no matter how things change, one thing never will... you can rely

delivery it even signed an exclusive contract with door dash back in 2018 the for more let's bring in kate rogersmorrison kate >> kelly, thanks so much charlie, thank you for joining us today. >> great to be here. thank you. >> reporter: kelly just mentioned the same-store sales performance. the company's planning on opening up new locations you have seen momentum continue, even as dining rooms for other restaurants have begun to open up what does that tell you about the new consumer and environment you're operating in? >> i think it's clear to all of us that brands that are leaning into digital or have been over a period of time, are the ones that have succeeded through this different time we have all faced. we were there as well. we started our efforts to digit ute every transactions a fewiers, building the infrastructure in a way to do that in a seamless ways. we've seen consumers being very comfortable and trusting of brands that have done this wingstop we have a wonderful, cravable food that people enjoy, which is chicken wings that gives a bit of added comfort. they trust the brand and the

kate rogers.ext year >> thank you appreciate it, guys. >> all right thanks, kate have a great day. >>> coming up, wow, happy birthday to any zoom shareholder out there today because zoom stock is up 37% right now. that's not a misquote. 120 bucks. a blowout quarter on pretty much every level. what are you going to do for us this quarter company cfo will join us with a first on cnbc interview. u.s. equity, let's call them flat technology looks like it will continue to run. dow futures down and zoom heis t big story. back right after this. a lot goes through your mind. with fidelity wealth management, your dedicated adviser can give you straightforward advice and tailored recommendations. that's the clarity you get with fidelity wealth management. >>> welcome back, everybody. a blowout quarter for zoom the company beating expectations, that's putting it mildly they pounded it on the top and bottom revenue more than quadrupling year over year the company signaling that further gains are ahead. it rai

kate rogers joins us with what they are alleging mcdonald's did and did not do kate >> reporter: that's right. this group collectively represents more than 200 mcdonald's locations and claim the giant sent them on a financial suicide mission by steering plaintiffs to locations with low volume sales and higher operating costs including curt costs due to crime denying support to allow them to overcome financial hardships while supporting white franchisees with rent relief and impact funding dropping overall total plaintiff revenues mcdonald's that is in the midst of its ousted ceo said the company categorically denies these alleges adding that mcdonald's does not place franchises into locations but may suggest locations to them. adding cash flow for black franchisees han s has been imprg the overall representation of black operators is broadly unchanged according to mcdonald's back over to you >> kate, stick around. we want to bring in the man representing the 52 black former franchise owners suing mcdonald's jim, thanks for being with us. you've said that revenue at mcdonald's is based o

kate, thanks kate rogers. >>> getting athletes back on the field.how the rapid testing could help return the sports. that's next. >>> welcome back let's get a cnbc update with sue herrera. >> hello, sara hello, verybody. here's what's happening. we have a followup on a story that we reported on earlier. president trump tweeting that funding will not be cut for the stars and stripes. though did he call it a magazine and not a newspaper. the pentagon had told the news organization's leadership to cease publishing by the end of the month. much nnch in texas, a huge monthly food give away has expanded 1500 families lined up, some waiting hours to get 100 pounds of meat, produce and groceries >>> beirut holding a moment of silence to mark the one month anniversary of the devastating blast that killed nearly 200 and injured thousands more and let's go out on that cute note look at that guy even polar bears can use some help from their parents. young herta wants to play with that ball. but it was stuck behind a rock thankfully, mommy, tanya, comes to the r

before that we want the go to kate rogers.he has data on how slow the industry recovery as been. >> the industry continues to be really hard hit by the pandemic with no end in sight the national restaurant association projects the sales loss of $165 billion for march through july with 8 million workers either furloughed or laid off at the height of the crisis 100,000 locations are not open for business in any capacity it remains to be seen how many of those closures actually become permanent. >> we're blessed to have seats outside. winter is quickly approach those seats have been a lifeline because people prefer outside dining right now if we can't find way to use that space in winter, i'm very worried. >> no time line on if and when that will come to fruition the national restaurant association says the average restaurant has about 16 days of working capital on hand. back over the you. >> thank you very much >>> let's talk more about the state of the restaurant business in the u.s time for our weekly pulse check on the econom

. >>> when we come back, coming up, kate rogers going to look at the diversity in the franchise industryak to digital and gary vai ner chuck "squawk box" continues right after this my mom has super powers. it's like she can see the future. what?! it's like she time travels in a rocket ship. that's cool! and then she comes back saying "try this" or "try that." she helps everyone. she helps them feel less worried. wow! mommy, so what is it that you do? i'm a financial advisor. she is! aig proudly supports all the professionals taking care of our financial futures. find a stock basedtech. on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. >>> welcome back to "squawk box. nice shot of the capital franchising has a very diverse base of ownership. the most recent census data showing 30% of franchises are minority observwned and restaurs make up a lot of that. what's the industry doing to fix that >> we are told restaurants are working to diversify franchisee chains mcdonald

good, which includes sam neill, kate winslet, mia wasikowska and the great lindsay duncan, it's hard to avoid getting just a little involved. it helps that director rogers include notting hill, the mother and le week—end, really understands the architecture of dramatic, domestic interiors, making the most of the largely housebound settings, aided by peter gregson‘s stirring but sparingly used score. you up yet? i'm dead soon. you coming down? having been released digitally to little fanfare on monday, blackbird comes to dvd from the 28th. do you remember my mother? she read stories to you when you were very young. yeah, i have a vague remembrance of that. he speaks vietnamese my vietnamese isn't very good any more, do you mind telling him that for me? in the vietnam—set british drama monsoon, crazy rich asians star henry golding plays kit, a young man returning to the country of his birth for the first time in decades. your english is very good. better than your vietnamese. having fled with his family as a child, kit is now back to scatter his mother's ashes, but encounters with estranged relatives and a handsome young american whose father fought in t

good, which includes sam neill, kate winslet, mia wasikowska and the great lindsay duncan, it's hard to avoid getting just a little involved. it helps that director roger—end, really understands the architecture of dramatic, domestic interiors, making the most of the largely housebound settings, aided by peter gregson‘s stirring but sparingly used score. you up yet? i'm dead soon. you coming down? having been released digitally to little fanfare on monday, blackbird comes to dvd from the 28th. do you remember my mother? she read stories to you when you were very young. yeah, i have a vague remembrance of that. he speaks vietnamese. my vietnamese isn't very good any more. do you mind telling him that for me? in the vietnam—set british drama monsoon, crazy rich asians star henry golding plays kit, a young man returning to the country of his birth for the first time in decades. your english is very good. better than your vietnamese. having fled with his family as a child, kit is now back to scatter his mother's ashes, but encounters with estranged relatives and a handsome young american whose father fought in the vietnam war make him question his purpose,

good, which includes sam neill, kate winslet, mia wasikowska and the great lindsay duncan, it's hard to avoid getting just a little involved. it helps that director rogerrchitecture of dramatic, domestic interiors, making the most of the largely housebound settings, aided by peter gregson's stirring but sparingly used score. you up yet? i'm dead soon. you coming down? having been released digitally to little fanfare on monday, blackbird comes to dvd from the 28th. do you remember my mother? she read stories to you when you were very young. yeah, i have a vague remembrance of that. he speaks vietnamese my vietnamese isn't very good any more, do you mind telling him that for me? in the vietnam—set british drama monsoon, crazy rich asians star henry golding plays kit, a young man returning to the country of his birth for the first time in decades. your english is very good. better than your vietnamese. having fled with his family as a child, kit is now back to scatter his mother's ashes, but encounters with estranged relatives and a handsome young american whose father fought in the vietnam war make him question his purpose, his heritage and his identity.