chipotle, starbucks, mcdonald, all on fire, outperforming the s&p 500 and at or near their 52-week highs. can that trend continue. joining us is matt defrisco from guggenheim securities. first of all, why the broadbased o outperformance >> low unemployment. so obviously the fast food consumer is seeing a bump in pay from minimum wage increases, and he's also out away from the refrigerator, so displacement from home is always good for fast food brands >> okay. it's clearly better for some than others. want to ask you about domino's since we were just discussing papa john's. why does that stock jump out to you? >> well, papa john's, i think, is very similar to chipotle where there's a change of management so there's a hope right now. domino's has always had that management team in place a very good deep bench they have had a change over of ceo two years ago, but the baton was passed very well, and they're well ahead of their competitors whether it's pizza hut or papa john's they're within the direct pizza category, well ahead of them on the delivery side and they invested ahead of the curv

between the late 1940's to the 1950's, what malcolm mcdonald did with the rest of the british colonial authorities was remind the local nationalists who were anti-communist, if you do not get a durable, multi-racial accord going that turns on the malayan communists, we will never give you independence. so the impetus for malays who were ann ttagonistic to chineses to get together. the political elites to get together. there was a great impetus to do so. malcolm mcdonald encouraged it at that time. he was not yet knighted. you can guess what he was knighted for. he came together with the group to create the alliance. what's ironic about the alliance political party is it was created the malayan chinese association, pure ethnic chinese, no others from different races would join this party. the united malays national organization, also pure malay. no others could join the party. and the alliance created by these two parties fought for interracial unity. interracial unity while keeping their parties racially pure. this produced a multiracial coalition that appeared to be durable in the 195

mcdonalds new measures to stop sexual harassment. . >> reporter: wall street finished higher on wednesday. the dow added 258 points. the nasdaq gained 29. and the s&p 500 up 18. no news on the u.s. china trade war put investors at ease with retailers taking advantage. tiffany jumped 3% after beating second quarter predictions. >>> and mcdonalds is starting a new training program for 850,000 workers after dozens of sexual harassment charges. it will educate employees about harassment and bullying and how to report it. it's starting with the u.s. restaurants and may expand globally. >>> and a search engine is trying to help the amazon rain forest. it takings most of the profits and contributes them to tree planting efforts around the world. every 45 searchs help plant one tree. they pledged to plant 2 million tree irazil in response to the fires. that's the money watch report. for more, head to cbsmoneymatch.com. i'm marc liverman. >>> time is 4:42. fire tears through buildings in contra costa county. an investigation is underway. >>> and a live look at the eastern span of the bay bridge on this thursday morning. it's time for the biggest sale of t

s&p and yet five names are half the way. you know the names amazon, 21%, home depot, starbucks, nike, mcdonald's. you get rid of the influence of names and it is making relative lows compared to the actual sector it is back to 2010 relative to the s&p. it is sorting out the winners and losers all of the things that will end up closing their stores, closing their doors, it is a few names and those names we're getting back to, they're all expensive. >> for more on how businesses are preparing for this weekend's tariffs, head to our website cnbc.com i'm million. you are watching "fast money". here is what is coming up next >>> still ahead, we are checking in on the hotels. >> do you know if the hotel is pager friendly >> why the options market has serious reservations about one icwi-known hotel chain stk th us. "fast money" will be right back. pharmacist-recommended e memory support brand. you can find it in the vitamin aisle in stores everywhere. prevagen. healthier brain. better life. when i lost my sight, my biggest fear was losing my independence. mmm... good. so i've spent my life developing tec

investo investors went for more defensive names like verizon, coke, merck and mcdonald's all up remember, the sas down slightly for the month overall and cyclicals all reliably down so these are the classic ones that are in the dow jones industrial average back to you. >> bob, thank you. nasdaq now, kate rogers with the movers there kate >> that's right. we 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. th

message of the market is to be our friend larry mcdonald had an interesting tweet earlier looking at the group of stocks whether it's sectors and performance on the s&p 500 and cites over the last 12 months that staples have outperformed almost everything and quite dramatically discretionary is up 3 and financials are disappointing and the russell is disappointing and the banks are disappointing. consumer optimism peaks ahead of a recession, confidence number today was exceptionally strong >> so we're at the crossroads of what is going on >> we're at a stall and we're at a stall because i keep talking about it i think the communication from washington, d.c., has been wrong since thirdursday, august 1st 28% is the gain when the president was elected until he announced the steel and aluminum tariffs. somewhat sideways. high data exposure type names respond to a correlation the correlation previously was, where is the chinese currency? if it was valued above 7, equities move lower. the correlation now is specific to the three month, the ten-year which is now negative 50 basis points and the two year to the ten year which is negative 4.5 basis points w

s&p is up 1%. the dow is up just under 1%. mcdonald's, visa, apple, nike. they account for more than half of the dow's move to the upside here. you have mickey d up 1.7%. visa, 2%. nike, we will talk about in a second, 3%. apple better by 1.66%. apple was down 4% to 5% yesterday. >>> rumors abounded in premarket that advanced microdevices ceo was leaving the chip maker. that's why you see early in the session a drop-off there. she apparently, at least the rumor was, was going to leave for the number two job at ibm to eventually replace the current ceo. well, su came out and denied the rumor mid-morning. that certainly didn't help ibm. su said she's sticking around at advanced microdevices but given r track record at amd, it would be a major blow for the firm if she did jump ship. the stock is up 778% since lisa su took over. she is quite the winner there. >>> let's get to earnings. shake shack delivering burgers and results. the stock is on pace for its highest close since may of 2016, a jump of call it 18% right now in this final hour. that is a ten-year h

s&p 500 is down by 3/4 of 1%. just four stocks in the dow are , mcdonald's, travelers, and johnson & johnson.daq is down one phone percentage point, primarily on -- one full percentage point, primarily on chip stocks. the philadelphia semiconductor index has only one stock higher, and that is broad,, up 2.6% on broadcom, up -- is 2.6% on the tentative symantec deal. equities are lower after the president said, "we will not do business with huawei." also said it is going well with china, but the u.s. is not ready to make a deal. that is also weighing on sentiment. spread is around nine basis points again today. this is bloomberg. ♪ hey! i'm bill slowsky jr., i live on my own now! i've got xfinity, because i like to live life in the fast lane. unlike my parents. you rambling about xfinity again? you're so cute when you get excited... anyways... i've got their app right here, i can troubleshoot. i can schedule a time for them to call me back, it's great! you have our number programmed in? ya i don't even know your phone anymore... excuse me?! what? i don't know your phone number. aw well. he doe

firstn mcdonald's o the island and may not be able to buy green labored, it is strategic importance to us. the pentagon said o long standing relationship with denmark which includes greenland s changed. one of thecandidates,ontana governor steve bobpeing on scooped u the domain name isr greenlan sale.com and it will tell you no greenland is not for sale butnc alsoourages visitors to donate to kick donald trump out of office which is awfully optimistic for a dude primary and may miss the nextte . another guy struggling to gain any tcks in the democratic field, new jerse senator cory booker. remember that. his lt name isas oker. listen to how he was introduced at the young leader's conference in atlanta. >> joining us from the great state of new jersey, please help us welcomehe former mayor of newark, new jersey, and seventh african american senator toe se in the us senate, presidential candidate senatorr baker. >> cori baker. b a k e r. doesn't seem like a great sign for the candidate and at the ar announe for the event they're speakingan't get it right. at this rate cory booker and bake have the samehance of succeeding in 2020. tim young joins us coming up next on the final

invert earnings over price and make mcdonald's bond,look like a mcdonald's stock looks very attractive. i think that is the case for the whole sneed at the end of the day is financial conditions to support the overweight to u.s. equities. 30% ofat 27% or international bonds when the s&p was passed 3000. what happened is it flipped into what does the bond market know that the equity market doesn't know. you can spin this story into very supportive conditions for the consumer. taylor: how has your cash allocation changed? are you more in cash to take advantage if and when there is a trade resolution? phil: we are more defensive, more cash late 2018. not as defensive when it comes to cash, or even agency mortgages or something like that. what we are using now to protect us on the downside our government bonds. we will employ an overweight to the s&p 500 at a point when interest rates kind of stabilize. cash for us is not a way to play defense. you get nothing with that. we want to get something that is negatively correlated to equities, which is duration or treasuries in the portfolio to play defense. we have the ability to deplo

mcdonald's is the one really stands out. boeing is a bit particular. then travelers. overall ashley, the only two groups on the s&p five hundred that held on in any gains, not ones with international exposure, real estate and utilities. back to you. jackie: thank you very much. oil rebounding after the steepest selloff in four 1/2 years. jeff flock has the details for us. reporter: a little bit of a rebound, jackie. 55.66 at the close. we lost additional in the after-hours on perhaps president trump's further negative comments that we'll hear moments away. the only good thing i guess to say, baker hughes rig count down eight rigs from the last report. lower gasoline prices, tremendous stability of late. take a look at numbers. i call gaits stability. 2.75 a gallon regular. 2.73 last month. that is good news, pat dehaan of gas buddy told stuart varney on fox business, he thinks gas could be down 50 cents a gallon by december. a early merry christmas perhaps. jackie, that is the latest. jackie: jeff, that would be remarkable. terrific. ashley: michelle gerard, lanhee chen, hoover institution research fellow, court

s&p down 17, well off its lows. same with the nasdaq. >>> all right, we've got what is driving this rebound, three names. boeing, mcdonald's are accounting for 75 points of this comeback here. so they are the ones who are leading this rebound. not bad here. >> don't cite the "journal" here. they put out a press release. liz: i won't cite "wall street journal" here. breaking news. cbs and viacom have reached a working agreement on the combined companies' leadership team. viacom's ceo bob bakish is expected to lead the combined company -- okay, charlie wants to do a victory lap. go ahead. i will leave myself out of it. >> the preliminary announcement is today on the deal you have -- by the way, we reported this yesterday that it was coming down the pike. we had thought the official announcement would be next week when they both announce earnings. i think you will get that next week. but we got right now the preliminary announcement that they have a deal to merge the companies, that bob bakish, the ceo of viacom, as first reported by fox business, that he was in the pole position. he is going to be the ceo. joe eianniello wil

to have mcdonald's in your portfol portfolio, which i have, 4% up, walmart up 4%, i even offer the example -- we had a gentleman on from goldman sachs talking about the faan good s and technology, didn't mention microsoft once microsoft for the month of august is actually higher. so i think it's a mindset where you want a quality focus in your equity portfolio i think that's the environment we're in right now i think it's the right environment, and i think it goes back to the beta exposure, you want to make sure year exposure is lower than it has been in the 12 months prior. >> but we've seen at least in the retailers a sort of -- we've seen pain overall for the sector, but the once doing well are sort of the discounters. that appeal to values and bargains. >> that's a good point, but there's so many more losers than winners in the spate you can identify the winners you talk about dollar store, but also costco, target, walmart yow side of that, i don't think you touched the space, we're going to talk about ultimata later o. but i mean it's just another story where somebody with brick-and-mortar retail, the stock got ahead of itself, and it's probably not going t

mcdonald's is committing 150 million dollars in tuition assistance, education, and career advising programs... prof: maria ramirez mom and dad: maria ramirez!!! to help more employees achieve their dreams. [ referee whistle sounds ] ♪ sport dr[ cheering ]s be your nephew's number one fan. holiday inn express. we're there. so you can be too. staining be done... behr presents: outdone yourself. and stay done through every season. behr semi-transparent stain. find it exclusively at the home depot. >>> in our 2020 lead, brand-new polling numbers showing former vice president biden maintaining his lead, elizabeth warren surging and bernie sanders falling. this at a time when nearly all candidates are descending on the state of iowa for the iowa state fair, where between the fried butter and meat on a stick -- you should avoid that, candidates -- candidates will be using the soapbox as an opportunity to win voters in one of the most crucial states where caucuses will be held on february 3rd, less than six months ago. yikes? a we have a report from des moines. >> hi there. >> how are you? >> reporter: on the opening day, joe biden laying out the stakes to voters. we really are in a fight to restore of soul of this country. we've led the world

s investigators asked nike to check purchase records for march 7th, 2008. and as they say in vegas, jackpot. at 11:38 a.m., just before ernie used his credit card at the mcdonald's purchase at the nike outlet. one pair of size 12 nike impact tomahawk sneakers, a ripken youth baseball bat, and junior match soccer gloves. >> i'm thinking even the most skeptical jury in the world has to realize, put it all together, the book has just finished, that's the ending of the book. >> in january 2011 the alameda county prosecutor told jurors ernest scherer iii was a narcissistic sociopath who savagely murdered his parents in cold blood. >> he is sheer evil. he thinks he's smarter than everybody. >> heavily in debt and desperate for minute, ernie's house of cards was collapsing before his very eyes, said the prosecutor, and so he killed his parents for the money, for his inheritance. even ernie's own family unanimously turned against him, including ernest scherer sr., ernie's grandfather, who took the stand on his 95th birthday to testify against his own grandson, his namesake. and once again, adrian had a date to see ernie in court. they asked you to testify. >> they did.

s&p 500 in 2019. that is being led by some of the biggest name like wendy's, like brands, alsoer yum the likes of chipotle. we also see mcdonald are concerns among analysts these earnings beats are being driven by higher prices and that is putting pressure on these chains to think of new ways to get people through the door. one of those ways is the introduction of plant-based meats, from the likes of beyond meat and impossible foods. there are 10,000 restaurants in the u.s. that carry their product. they include these national and regional chains. they have given, burger king in particular, a boost because of its impossible whopper. the market for plant-based meat is huge. bloomberg intelligence putting by 2023.billion $10 billion in the long-term. they said the amount of plant based meet versus hamburger meat being sold is still tiny. there is still a long way to go before it becomes a meaningful portion of sales. alix: thank you so much. emma chandra. for an inside read on how the move to plant bait means does impacting restaurants, white castle vice president joins us now. fight castle is the first chain to serve the imposs

mcdonald, tennessee on the republican line. good morning. caller: morning. i am an older person. i was raised in the 1950's and 1960's.y parents, as well as others in that era, taught respect for law and the higher your life. in we respected school officials, teachers on down, and that comes down to whether or not you respect police officers and military. what i saw in the news this week was the fact that this police officer your life. we respected school officials, teachers on was fired from the b because he was out there. he was called to help take down this man who was disrespecting law and because the store owner had called that he was selling a product outside his store that people usually buy inside his store. he was breaking the law. as a child, we learned in those areas, to respect the law and authority. we are a nation of laws and rules. it starts in the home. it starts and the church. another thing i don't understand, and i went to point this out, when white people are taken down by the police, you don't see them in the streets protesting. i just wanted to bring that to the forefront because i never hear it

mcdonald's, disney, walmart is also on the weak side. a bunch of new 52-week lows out there. that's not a good sign with oil stocks down like with oil on the upside finally, it's the s&p 500, just remember something, folks. it's a lousy month, a lousy quarter historically and we are only 5% off of the historic highs. the 200-day moving average, we're a long way from that one there's the closing bell the dow down 392 points. >>> if you're just joining us, good afternoon welcome to the "closing bell". >> i'm wilfred frost >> and i'm morgan brennan. mike santoli is off today. the dow finishing down 1.5%, 25888 is your level there. 399 points lower, though off the lows of the session after being down as much as 462 points similar story for the s& finishing down 1.25% the nasdaq down 1.2% the russell 2000 small caps also finishing the day down more than 1% >> we opened lower and had steady selling until about half an hour from the close down about 1.5% on the dow it makes the u.s. the worst-performer of the global major indices for all the fears around hong kong, hong kong was only down half a percent today shanghai was up 1.5% europe did close lower the u.s. really stan

s thing, aren't ya? no, i'm just saying what's in the script. that's true. everything we're saying's in the script. when insurance is simple, it's surprisingly painless. hi. maria ramirez! mom! maria! maria ramirez... mcdonald'sion assistance, education, and career advising programs... prof: maria ramirez mom and dad: maria ramirez!!! to help more employees achieve their dreams. summer's not the time for making bucket lists. bookers know summer is for booking it. (chime, slam, chime) like booking a beachside resort and ordering two more tacos than you need to. check. showing the deep end who's boss. check. starting a scooter gang with the fam. check. awesome. bookers know summer won't last forever. you're going to thank me. so be a booker at booking.com. the world's #1 choice for booking accommodations. pete: welcome back. it's the case that drew national attention and fueled the debate over illegal immigration. and now in california appeals court is overturning the only conviction against a five time deported illegal immigrant who shot and killed kate steinle on a san francisco pier in 2015. not to mention he was a seven-time felon. here to react is vice president of the border patrol council art del quit to