Chipotle Mexican Grill Inc. -CMG- said its customer traffic growth has slowed recently, raising the possibility that some people are trading down to less pricey fast-food restaurants as a result of the uncertain economy. Shares of Chipotle tumbled 17% to $334.98 premarket as chain's second-quarter revenue growth and sales at established restaurants fell below Wall Street analysts' expectations. The report also stoked concerns for fellow casual restaurant operator Panera Bread Co. -PNRA-, which slumped 4.5% to $144.00 premarket.
Friday, July 20, 2012
Cheaper Tacos?
Chipotle Mexican Grill Inc. -CMG- said its customer traffic growth has slowed recently, raising the possibility that some people are trading down to less pricey fast-food restaurants as a result of the uncertain economy. Shares of Chipotle tumbled 17% to $334.98 premarket as chain's second-quarter revenue growth and sales at established restaurants fell below Wall Street analysts' expectations. The report also stoked concerns for fellow casual restaurant operator Panera Bread Co. -PNRA-, which slumped 4.5% to $144.00 premarket.
Wednesday, July 11, 2012
Bill Gross Predicts Higher Unemployment 1 Year from Now
Sorry, I am not able to edit this video for you. Bill Gross comes on at the 4 minute mark. The headline quote occurs around the 6 minute point.
http://video.cnbc.com/gallery/?video=3000102249
http://video.cnbc.com/gallery/?video=3000102249
Sunday, July 08, 2012
From the Financial Times
Interesting article on correlation
http://www.ft.com/intl/cms/s/0/272243ae-c4f9-11e1-b8fd-00144feabdc0.html#axzz203pqiGXB
http://www.ft.com/intl/cms/s/0/272243ae-c4f9-11e1-b8fd-00144feabdc0.html#axzz203pqiGXB
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