the break, but for anybody who's in the real estate space, having the type of pricing power that prologis, now isn't a great time to be in the space, but for someone in the logistics space, it's a dream they're doing everything they can to keep preventing long-term leases >> explain to me how the contracts are difrferent for say a mall and reit like pro logis do they have longer contracts so it's harder to get out of them >> well, normally in a commercial lease, you're going to go somewhere ten, 20 years down the road on some of these leases and they're going to build in what inflation, an average inflationary target for their entire period into that contract so you're kind of capped on how much you can expect to receive each year in addition from those tenants, but now they're offering something like five-year on average leases and people are taking them simply because warehousing distribution space is so hard to come by. so they have pricing power right now. simply because the supply chain, it's still broken. those same air, fraeight, and sa shipping issues that companies like dick's sp

>> yeah, we actually like prologis we think you need to be tactical on this space, and prologis is one appreciate it. >> my pleasure >>> full of facts, wow, chipotle short, we haven't heard that in a long, long time. >> usually you hear strong franchise and -- >> the dow is doing what it usually does now it's down, it was earlier up in the hour. ten minutes ago, it feels like the whole cryptospace is until pressure as well a lot of pain points to watch. there's the nasdaq in fact, down 2.5%. >> bitcoin down below $30,000. >>> thanks for watching "power lunch." >> "closing bell" starts right now. >>> thank you, kelly and tyler another failed rally attempt on wall street today. stocks move lower as we head into the close, with the nasdaq feeling the most pain. the most important hour of trading start now. welcome to "closing bell." here's where we stand now, another intense day of selling for technology in particular the s&p broader, down 1% you do have some pockets of strength in the market everybody else is down, consumer discretionary at the bottom of the pack today, the dow down abou

they came back in may and now they're going public >> prologis is an excellent company.he number one stock performer the issue here is, they're out of warehouse space they need it but they do have amazon. so does -- where does jazssy pul back from? certainly maybe staten island. david? >> no, i don't know where they pull back from i don't know if they really can put anything on the secondary market and sort of lease it for a period of time i think the larger takeaway simply is a company that knows inventory management better than any company in the world didn't quite get it right what happened is really the question, jim? did things change in a dramatic fashion that they did not anticipate >> yes yes. they would tell you that there was pull forward there and they didn't expect it. i have to tell you, i'm looking at -- the letter to me, it just -- the deal makes so much sense because they really do need the space, but -- and he would tell me, i have to tell you that he would tell me he doesn't need amazon. there's so much demand i had logistics on, there's so much demand

best performers in the s&p 500 after rejecting a nearly $24 billion all stock buyout from rival prologis> we've got a bonus stock mover, courtesy of mike santoli, who insisted wendy's getting hit hard while they missed profit and revenue estimates s the stock is down 11%, lost a third of its value in the last three months. >>> speaking of fast took, kate roger with the details on mcdonald's. >> we got a look at the new grading system for performance and customer excellence that mcdonald's is rolling out with training started this summer it notes the business climate is changing in the overview of the system, saying it needs a new approach supporting our growth plan objective the program has frustratedsome franchisees, calling for between six and ten visits a year per location, on top of other inspections. now, from some are not happy with the changes, which they call lobe collaborative and harsher, in terms of grading we talked to two owners with decades of experience, saying their concerns are over hiring and retention in this environment, not actually with the grading itself mcdonald's

prologis is down and simon property on the real estate investment for retail lost one-third of the valueu look at the dynamics playing out in real estate interest rates will continue to be part of the discussion. it seems as health care is the real out performer with the regards to the properties. >> dom, what is the strategy you try to sneak in a nap? >> by the time i get to your show in the 1:00 hour, i will be just about perfectly caffeinated to get through the hour. >> i wasn't sure what you were going to say just about out of gas? >> i'm good for right now. i'll hit a lull at 10:00 a.m. and pick it up at 1:00 >> dom, no doubt see you later. >>> when we come back, real-time data from security screening company c.l.e.a.r. on the millions of americans traveling for the memorial day weekend >>> and we are celebrating asian american pacific islander heritage month we are profiling our contributors here is former white house policy director kavita pa ipate. >> growing up, i tried to fit in that meant not acknowledging my own brown skin raising my 5-year-old daughter she brought home a sel