Wicked-ator, SpinCo, & The Infatuation 11/22/24
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This is squad pod. I'm C N B C producer Cameron costa. And on today's episode, the media spin off that affects us here at C N V C and probably youtube. Why comcast is cutting the cord with abc use cable media water .

map I the cable networks are not growth. Comcast is probably frustrated that we've been dragging down the stock.

A new pic for a tourney general named but treasury secretary is still lip for graves Megan cassella on senate bill hagerty in .

the running the dark is in, but trump said to on wednesday .

and T G I F weekend plans may include a wicked good time cnbc, Julia boston.

with movie audiences only going to theaters two to three times a year now wickets math of marketing bless has made the brand .

you good plus what's for dinner infatuation CEO paul niam says IT might be in a surprising neighborhood.

One thing we've seen this year, which is really interesting as midtown east in new york is is actually our most popular search neighborhood.

It's friday of maybe the longest week ever, november twenty second, twenty twenty four. And square pot begins right now.

Stand back to buy and three, two.

one killer.

Good morning, everybody. Welcome to school box right here on cnbc or alive from the as dex market site in times square. I'm Becky and Andrew ros right here.

Hope I hope you I know, I know we didn't need twenty four hours of pouring .

I snow two .

months of, no, no.

seven degrees in its raining. Does that put if I was a day of friday and .

can smell smoke this week from the forest? I'm in favorite.

That's true me. Time direct TV has now decided to walk away from its latest attempt merge with rival dish network. This decision coming after key concessions were rejected by bond holders, a deal would have require them to take roughly one point of five billion dollar haircut on their holdings in exchange for more secure dead in the combined company.

Out private actually from tpg is still set to buy the remainder of direct TV that he doesn't really own from att. Echostar had planned to shed dish and selling TV to focus on building a new wireless network Operator that were obviously concerns about bankrupcy. This is part of this situation. And the question, of course, what's can happen next? Yes.

I think they're gonna about .

eighty million subscribers that they could put that together, be the biggest pay T V provider. Right here we go.

We don't know what's going to happen necessarily. All the players involved here is the president elect trump announcing his new pic for a tourney general hour after mad gates withdrew from consideration. Megan cassella joints us now from west palm beach. Good morning, Megan.

Hey, good morning. So you're exactly right. Still a lot up in the air down here. But at least one new name becoming official overnight, with trump saying that he wilt tap pm. Bondy, former florida torney general, to be his next pec to lead the justice department, of course, elevating her to be the nation's top law enforcement officer if he does get confirmed. And in tran's world, bondy is about as loyal as they come.

SHE was on his first impeachment defense team in twenty twenty later that same year, part of the team that helped push to overturn the election results to see if any of that comes up in her confirmation process in the senate. But her pic, of course, coming just hours, as you said, after gates withdrew, matt gates withdrew his name from consideration. Trumps first pi C2Be ag IT was alw ays cle ar tha t gat es was goi ng to hav e som e tro uble in the sen ate get ting con firmed aft er he had bee n und er sta tion ove r the pas t cou ple of yea rs for all egations by the hea lth eth ics com mittee, allegations of sex trafficking and having sex with a minor.

So as we spoke about yesterday, he'd spent wednesday meeting with senators and then on thursday that had became clear that his transition at his nomination and his confirmation was becoming a distraction to the transition, and that there was no need for what he called a needlessly protracted washington scuff le over this. So gates out, bond in. And then just to state the obvious guys, we are, of course, continuing to wait down here for a treasury secretary. We continue to think that the short list is, as we've been talking about, the four men we've been talking about all week, but we know that trump wrapped up his interviews with each of them on wednesday, which is why we thought the pic was imminent yesterday. And I just have to say, guys, that the longer that we wait, the more time goes by, the more speculation we're hearing that trump might not be satisfied with any of these candidates and might be starting to look elsewhere.

Yeah the I don't know we have any more clarity on on the original idea that matches would make a good attorney general because pam boney was down there. He isn't he wasn't a torney general. I mean, not you. The necessarily truck wants to pick up one, but he was woman and I just is. IT was such an obvious first pick instead I don't know what the whole yes, what was that all about IT was a really method to the madness that maybe um maybe it's easier now and you think about him bondy looks amazing compared to cause but I don't understand why this wasn't was in the first picture he is a total loyalist was IT just seems like a much more logical and there would have been a lot less political capital spent right from the very beginning. A few is the first place I agree with you.

That was my first reaction was why I wasn't bondy in the first round. The reporting that we have that we know about is that trump had started to do interviews for attorney general, wasn't satisfied anyone that he had talked to. But we don't know that pam bondi was on that list initially.

And i'm i'm not sure why then he had that plane right with mat gates where he was convinced that gates would be the right pic and made the announcement really on a win or really quite quickly. IT was clearly not something that had been invented. At least capital hill IT came as a surprise to everybody there. So we don't know exactly what went behind that, but we've heard a lot of questions of why would trump spend so much political capital on that so quickly when you say a method to the man, as I know their speculation that did he go with gates first so that other picks like bondy and others might look Better by comparison. We don't have any reason to know that, but it's .

out there that he feels good. God, not that, not that. What do we know? A Megan, i'm confused.

So he resigned from one hundred eighteenth a house congress. He was elected to one hundred and ninety th. But he has said, I think that he resigned his seat. I don't think he could just show up, have to be a special election and I think he stated he has is finished with congress and then there's spate I can't imagine ran the sense is no way makes my gates senator I don't think I I mean, I can't speak for him that the for mark rubio, who can be treasured secretary, what are you hearing about any those right marker .

review to secretary of state? No, I agree with you. There's still a lot of speculation out there on this. Some eagle eye analysts. The commentary that i've seen so far is that gates did say at at some point in his initial statement that he was not planning to return to the one hundred and thousand nine hundred th congress next year. I think if he didn't say that, that he could have gone back in january, just spite withdrawing from the current congress.

But the speculation and the expectation, I think now is that he also won't go back in january, which as you say, will mean a special election down there and potentially a small gap with an open seat in florida. Even though I don't think there's any question that republic will ultimately feel that seat IT might be empty for a little while and then the senate seat also will be empty for a little while, the saentis gets to choose who to pick so much speculation already as to who he might appoint. I know Laura trump, the president's s daughter in law, has been at the top of a lot of those at center of a lot of those discussions, but again, we just don't know yet.

And then the wall street journal report today about the treasury secretary the idea that I could potentially be .

Kevin worse .

um that he would do IT into l well, that he would do IT I got to N C, and then he would move to .

treasury at that if he was gonna AK some himself for a wish of what he probably went that that's like the perfect think for because people and that's the evening .

B I probably supermarkets too. That's yeah I think .

that's one .

of the things to consider any Better.

What's I think that's one of the things to consider that was all the different machinations of who might go what where because as you say worse, we know that he is long had his eye on fed chair, what he wanted do treasury secretary just briefly before jumping and would trump want that and saying with we know that he wants treasury, would he want any sebright's before moving over? Or is that one of the reasons trumps taking a little while here because he'd rather have people who could stay in those positions for longer? Another.

who do you think most looks like the treasury?

And you, from what i've been hearing, that seems to me like Kevin wars is most well liked by wall street. But from what i've been researching about him, he also seems to have these most anti protection is clearest, you know, denouncement of economic protectionism and isolationism .

about when you need to be about inflation. But and IT would be the reverse yellow move. He SHE went fed chair to treasure secretary. He d dig on, yeah.

he was only person who ever did that.

I think though, I mean, watch has that rowing has had said said some things about fed cuts, about thinking there might not be a need for any more. We know trumps any of easy money policies. So I think that could conflict.

Basit has also considered to be maybe not fully embracing the tariff as well for all of those reasons. I had kind of then started to give a second look to build hagerty, who doesn't have something in his background that i've seen on the side that conflicts with trump. But I will say huggy then would take another republican out of the senate, at least briefly. So I don't know if that something that's a hold up with his nomination, he sort the darker canada, but also have a good day with him on wednesday.

And he knows how an extension of the prom tax cuts through he he can round israel s be a whip for any other stuff because he know, says in his relationships with all those people .

in the senate take that full up because we've now been .

talking you long enough that we're watching the sun come up behind you .

and IT is pretty yeah, just keep IT going and gets you even Better. promise.

Well, let's just hope that keeps coming up every day because any on the left were wondering a whether after the election IT would in there IT is. So there's there's proof that IT does continue to comment. Thank god, make thanks.

That's very good. Friday sunrise for you guys.

right? Sec chair gary ginseng or plans to step down on january twenty when president elect trump is inaugurated. Gn ciller was appointed by president biden and twenty twenty one.

He has taken an ambitious and controversial approach to several regulatory issues, including cyp T, O, currencies. This move will pave the way for Donald trump to immediately select a replacement. Usually the c chairman has a five year term across from january to five years later in january. So he arms out june. Five years later, he would have served through june twenty twenty six if he had Carried out his full term in town.

Howard, lotte ck personate trumps picked for commerce secretary plane to step down. From mystery businesses and also the vast interests in his two public companies. If he's confirmed for the post onal statements from bc g group and new mark group saying that, that would divest ous holdings of those companies but doesn't plan to sell shares on the open market, it's going to step down from his leadership positions at those companies as well as canner fetch jailed. And as we've discussed, this has always been an interesting economic play for those folks who have a very low basic stock because what ultimately you're able to do potentially is diversified way out of something where you locked in, you get to put IT in to treasuries. And then if you have enormous amount of money currently, most people were then take loans effectively against those treasurer, often time for the rest of their life, so that when then you can pass this a treasures off on a step up basis .

later he says, my question, right? He supposedly invested or he has a fortune bitcoin, what you know with that and he could influence the coin.

They're not only one proposed made A.

I don't know, suppose is voted enormous money disclose any anything about what he's going to do.

So I don't know that. interesting. Ly, by the way, if you decide you need you want to sell the treasury's later after your office, you then have to pay a step of basis.

You then have to actually pay taxes. So it's not it's not forever. It's just that it's a way for people to perfectly almost diversify the holding or get them into something that's not one single stock. I want .

to tack .

three basic.

I happened, do we know whether he sold? Yeah.

I bought a beautiful island in George. Little .

time.

No, he and nice, no, told me should put up a golf course there. And his wife was like.

British car maker jag war are facing a massive backlash for an ad campaign that doesn't feature its cars at all. I don't think you guys, i've seen this. The ad features models dressed in bright cause to be a little weird. The whole ad cutting edge makeup emerging from an elevator uh, a company executive explained that the egg campaign is, quote, a new jagr is a brand built around exuberant mother of modern ism. I not sure I know what's .

going to this .

elan and mosque. We should mention me. He's in the car business. He competes with them, taking a jb at the add posting do you sell cars? Question mark, the company's x account response to the controversy, saying, quote the stories unfolding. Stay tuned and think of this as a declaration of intent.

So I gott machines. I right.

I don't know. Ya.

it's king .

in some way. Maybe it's working, but he's been talking. My jaguar are in a very long time.

Yes, I don't know.

Makes me want to buy one. No, no, I definitely know. I don't won't buy any english car. I oh, astern Martin is kind of cool, I guess. But you they are known to be maybe you need another car because there might be some service .

means old days, they used to say that. I don't know that's true.

Well, other cars that you used to not say that about have also been advancing and technology. So maybe some of them would finally caught up, but I don't think they're leading the pack any stretch.

I just looking jaguars are not just made in the U. K. anymore. That's the other piece. This they made in brazil, china, india.

but we'll see about that when we .

get some terrible .

cheese will be there still to .

come .

on school pot pink and Green taking over your line of sight wicked hit theory this weekend and universal marketing is defying gravity. c. Boston on the branding everywhere.

partnerships from starbucks to lagos star appearances from Ethanol to the macy thanksgiving day parade. Wick not even lit up the arctic trium in pink and in Green.

Plus, where does entertainment and news go from here? The cable spin off we can stop talking about with puck, founding partner .

below tilly morning talent on news networks.

Whatever they go.

our goal is to empower you to be a Better.

best new James teachings.

I was able to learn and become financially independent .

in my regime job. James, at C N B, C, dom flash club friday, terms, restrictions, supply.

This is squad pod from C N B, C. With joe knin, Becky quick and roschen. Here's Andrew is looking .

like a blocked poster weekend of the box docs of this, whether you call IT wikipedia or maybe gicquel ther way. What will IT mean for the studio students here to break IT down and maybe explain what I was even talking about just now?

Well, its universals wicked and its pyrmont gladiator two. And together, they're expected to bring in some two hundred million dollars at the domestic box office this weekend. Now that would help a box office that is down eleven percent from last year and down twenty seven percent from twenty nine, and very much in need of a barbon hyper like boost.

But with movie audiences only going to theaters two to three times a year. Now, wickets math of marketing blitz has made the brand ubiquity an attempt to create the kind of cultural touchstone event that audiences ces can't mess with. Partnerships from starbucks to legos, star appearances from Ethanol to the macy thanksgiving day parade, wickedly even lit up the arctic op in pink and in Green.

Universals reported one hundred million dollar plus marketing budget represents a bet not just on this film, but also on the second installment of wicket that is coming next november. Meanwhile, gladiators to reported one hundred million dollar marketing budget includes six red carpets, the building of a foo policy in in hollywood and an advice that made its final trailer release nearly an escaped airing. That final trailers simultaneous ly on more than four thousand networks, digital platforms and radio stations to reach as many as three hundred million and customers.

Now this weekend, even rival studios will not pair amount and universal to succeed because audiences return to theaters. We will see trailers for next year's sw of big budget sequels that have been delayed due to the strikes, including paramount s mission impossible, the final reckoning and disease capital in amErica and avatara. So this is the new playbook. Studios know that audiences will pay up for experiences like Taylor swift eras tour, so they're working to make going to the movies just as much of a cultural touchstone as that was. Andrew.

um it's a wicked situation. Have you seen we got belin here about the way you seen wicked. And definitely the .

target audience will love IT are you are.

I am not the target audience.

The target audience love IT.

Where joy are you? A wake up person?

Yes, I I .

haven't seen .

IT yet. I haven't seen wicket. Can be really good.

Julie, you are wicked good. Good, good. Yeah, you are wicked good. If you from boston .

think that is a couple. yeah. But the reviews on ron tomatoes have been very, very strong. And so the key thing here is if you have that devoted fan audience that's going to go out, and not just by the starbucks Green franco and walk around with IT in sort of market that to their friends with the merchandise and then spread good positive d about about this film. So that's that appear that the positive reviews that really devoted fan audience that may not be map, but there is one out there that turned the wicked musical on broadway into a multibillion dollars sensation. Can they a marketing engine .

for this as well? OK do.

Boston is good. Thank you. good. Anyway, that is here to talk more about the big box, box office weekend and then the news for a parent company contests. This week, they'll be spinning off a portfolio of cable channels, including cnbc, pucks, matt balling, why do I have the to the impression that it's been kind of a one year for a like A M C or some of the because .

that I mean, strike last year in hollywood, you really crippled the release schedule. This year, I pushed a bunch of movies in twenty four to twenty five. And we're just now picking up the slack on the movie released.

especially the big budget once. And this could be really good this week and much needed .

absolutely and box officers down about thirty percent this year. I think this week is going to be gigantic, and it's nice like the barbon hymir effect. There's something for everyone this weekend.

I think we can could end up doubling what gladiator two does on the opening weekend, but Gladys or two will be a slower burn. The wicked fans are going to show up this weekend. They've already reserve their seats. Glad dator and older, more male audience come up to come out over thanksgiving .

and through the holidays. And the buzz for wickets been .

really very good. I mean, executed exactly what the fans won. This is exactly the movie that fans of the musical like.

And I think they're going to drag people. They are going to bring people with them this weekend. It's going to be much bigger than they initially anticipated.

The marketing campaign, this has been brilliant and they've done so much. Julie talking about IT four hundred brand partners. This movie is everywhere. They're succeeded in making IT an event.

They even had little dogs where will take you to a porn site.

which? So that was an accident there, some for everybody, that was a, that was a metallic cities. I actually surprised you guys arent .

wearing Green makeup. They didn't get to you. I spin off like.

we care more. No, i'm kid. We still, we still want for gladiator too. I still gonna be good movie, even though I haven't seen a lot of positive buzz from.

have been pretty good, the box office over see.

you know, he's not going to be around, he said. This might be close, the twilight of.

I believe at all. It's going to be seventy, but I think he's gone to stay active. The movie is doing great overseas. I think the us box service will be really strong. You'll just take a little longer to get that.

okay. So we'll get to uh get to the news from conchas. There are a lot of media companies that have cable assets that probably aren't in a strong enough position to do what what brian Roberts is able to do. He doesn't he can continue to run comcast exactly like you. Once out the cash flow from cable, which the other companies may not be able to do.

No, although there is an appealing, there is an a lure of this spin COO. They're calling IT, which is someone like David zaza, I want to discovery could take some of that debt and floated away with some of the cable networks and do that kind of a transaction which could free up the studio assets, the max streaming service to be more about this.

I think because of that cash flow issue, they don't have these other businesses around their content business like broadband or theme parks or all the other things that comcast does or Frankly, disney does as well. And it's really chAllenging. The math is hard to do that on a company that is so based on cable.

Then what was calm cast rational for? I mean, just because you can do something doesn't mean you should do something.

Why are they doing these are not growth businesses. The cable networks are not growth. Comcast is probably frustrated that they've been dragging down the stock. The stock has not been matching the market, as you guys know. And they can put this into another company. They can well capitalize IT presented on on its way and potentially let IT do what IT do to either grow or stay the same and managed decline and then it'll free up. The growth business is a contest where they believe it'll help them.

The star does any thought about this, and up did not. Do you think that they come back around to this idea and and rethink that strategy? Now the contest .

one is possible.

but I actually don't think so because this, he has other logistical issues. Their streaming services are much more tired to the content on the cable networks effects. They have this big flag ship over the top E S P N service that's launching next year that's tied to the broadcast network abc and the cable network E S P N.

So it's a much more logistically difficult decision. Doesn't mean that won't happen. IT could, but I would just take a lot more vaccinations to make.

What do you think of the carriage deals that are infected currently for these networks and the power, or lack of power, you get by combining them with other cable channels down the line, which is safe if you're onna booke up, if that thought people concede here, does that either protect, increase, shift, change? You think this bumble question, when you're .

talking about carriage negotiations, scale is always Better. So if you have more of these networks, particularly more of the networks that are in demand and with content, people like obviously you are going to we have more negotiating.

What do you think is in demand?

Well, to be honest, the news networks are pretty good. I mean, they talk about M S N B C and C N B C as potentially being the the locomotive of this rail, this train, exactly that could drive, Carries.

Where are you on? Like an a or c networks, the an all of the networks that do seem somewhat, I think, within this sort of specular world, if you are going to go do this, or you say this of what's available, those who are the assets that would be available, yeah, do those improve your life and life or not?

I think the entertainment networks are hard, mostly because the content for those networks is largely available on streaming. You got to look at stuff that isn't available, like news, like financial news, things that have networks that have sports. And you can look at USA.

They have premier league and they have ww e. Those are two pretty good engines for viewers. Those are going to be more valuable in a carriage negotiation than something like an A N E or something where the content tends to pop up all over the .

in two or three years, when in two or three years, when we look back at this will spin COO as we're calling and have been a buyer or solar.

a buyer and a seller.

a buyer or a seller a right now.

the plan is for them to be a buyer.

Is that how it'll turn out? Because if if that's if things don't look attractive to add to your cable position, couldn't private equity buy what you said was the and cut costs and sell IT to somebody else? Or I mean, i'd see consolidation happening and either spin cause a data or becomes consolidated with somebody else.

The plan right now is for IT to be a consolidator or and that's what mark lazer job is. If IT just stays the same, then these are declining assets. That's not what you want in the growth business that will be publicly traded. So the idea is to go out and pick off other networks that could be additive things they don't have, like lifestyle, like food, like potentially B, E, T, from paramo things that add to the package of channels that could be sold to distributors.

So IT all vertical or all hours on all, I could .

be some of each, some yeah honestly .

don't think all in all money, different things. Could max N B C that could see N B C totally.

There could be A C N B C standalone streaming service that is launched off of the channel, that could be an M S N B C streaming service. There could be all these niche servers that could pop up as as a time on a streaming service brand into the network.

But what you're seeing is the talent and the people that are on the decisions are the most important .

components of all. This is I you go by the news network, the news you that i'm not i'm .

not trying to pull that out of you. Are you are you absolutely sure that they're the most important part of this?

The viewers will follow, particularly the morning talent on news networks.

whatever they go on a business news? absolutely. It's really specific math.

The check is in the mail, the check is in the mall, my friend, Green makeup.

Green tea.

Coming up next on squared something, teach you on with the infatuation CEO podium how americans are eating out these days.

The business lunch has changed. I don't think it's as long as that once. I don't think the Martinis out there in the same way. One of our transnational wide this year is the mini Martini.

Cheers to one last interview this week will be right back.

Experience the power of C, N B C prose best deal of the year. Track your portfolio from every angle on one, optimize.

You're listening to blackpot up an anger.

Q, are watching square box on C, N, B, C. On this friday morning. I measure a certain along with jo knin and backy quake.

I'm very excited about this next segment, not only because I can smell what's going on over here because the invitation is out with its list of best new restaurants over the year. For those folks who you don't know what the fatuous you guys, guys members a get right, everybody is a get. You said the little, little guides people still given out to me.

Is this okay? Owned now by the infatuation ation, the infatuation owned by japan working chase plaidie is here CEO of infatuation. They have a new guide out best restaurant in the year, but they you know more about which restaurants people are expanding things at, who's going to business lunches, where this is, where the quiet restaurants are, right? I go to your list for that. Sometimes if you want to have a business meeting, all of that kind stuff .

and so and what Andrews eating and business lunches and .

what i'm meeting at the business lunches and which are the best places to go. So for those folks who are having all those lunches where we all supposed to go now, the twenty twenty four has ended.

Thank you for having me. And so the best restaurants list for us is the cultivation of the whole year of work. Visited over five thousand restaurants this .

year around the country.

and then we have coverage for travel destinations worldwide. We full time focus in the U. S.

Dining out all day everyday. And awesome job. Great fung g. One of things that's fun for us is to see trans kind of start in one city and make their way around the country. So we brought vehicles from pop up this morning.

and this is like the hottest st thing, right? It's called pop up bangles.

These are warm, right? These are warm angles. First batch.

trying to avoid .

the time.

but here O O K down on thomson street was a dip. So this is a grip ripon dip, and that become a big trend that we're seeing all of the country. Mount bao and seattle launcher main 3.

Frances o this is not count for the expense lunch that I want to go on, right?

I think this is beneath the comcast, and we lay IT in. Ali is another really good one. And so we've seen this grip rippin dept. Trend kind of take off around the country as the evolution of the ball. More elaborate on bagel sandwich es and kinds of trans around bangles have been really emerging and taking the biggles way beyond just new york.

I should you came on, how do you say because you're eating all the time, you go to meals like crazy, and I always just gain weight constantly when i'm going for all these business meals and you you're like after restaurant .

to every single night.

I don't I believe you what you because I am trying to be careful and trying not I .

want to I made funny er because we have lunch the and four ates s on the side of albacore a true I think one thing our team generally feels is you can have a lot of fun, go out to places, get a real sense of the you don't need to necessarily finish every single part of a dish that your order when you're dining out again at the scale that our team is. And we die anonyme sly. We pay for our own meals. We don't take P. R. Favors from restaurants.

Now, people know what you look like.

I'm not run. He doesn't really like totally. I wanted you to bring some of halterneck roles from stats island. And given all .

the out this year, we wrote guide to the best restaurants in start island you did and i'll send at your way you can get in there now like the hottest .

restaurants for like a business lunch for business dinner in new york and L A.

And sandwiches yeah so one thing we've seen this year, which is really interesting as midtown east in new york is actually our most popular search neighborhood. Open table, put some data out this week on if you I saw calling wednesday, the new friday. And danny mires been pretty outspoken that six P.

M. Is now the kind of most sought after time. Six P. M. And we see all those .

trans for us in the .

morning today. We see all those trans kind of pointing to folks are back in the office they're looking to gets there after um we've obviously seen just last vehicle account very day open and hud's and yard.

What about private club situation taking place all over the country? Yeah is that a good thing or a bad thing?

I think it's still paying to go to a restaurant.

I think I got to pay for the meal too.

You know, I think it's certainly speaks people's frustrations with reservation availability. And the idea that there is a club that you belong to where you're always welcome, I think is a really nice feeling for people to have in an environment .

where they .

don't really .

do country but is happy. Stories .

packing district. And look, we see these trends coming and going. We see obviously, los Angeles. You've have same percentage Angeles, which is now going to open in new york pretty soon. And we've definitely see that as a trend .

coming from age with business lunches. I mean, business lunches.

they're back and force them like yeah, I think like the business lunch has change.

I don't think it's as long as I don't .

think the Martinis out there in the same way, one of our transnational why this year is the mini Martini, which I think speaks to shrink flame in a way, speaks to that kind of watch. People are watching their calories. They are watching their alcohol and take they also want to take a picture, something kind of cute and interesting. But no question, you look at the restaurant opening in business sectors like rock fellow center, hudson yards at sea, there is a really strong business .

to how our breakfast I mean, they need most people need to stay home to watch us in the morning. So it's a late breakfast that they're having.

Yeah I think look, john, George has four twenty five park open this year and he's doing a really good breakfast business there. I think there's definitely shifts in the way people are using their day.

but think people are spending .

I think dining out has depending gone really expensive. And one thing were really excited to be making available this month and next for chase card members is a twenty five dollars statement credit of purchases of one hundred dollars or more at sixty infatuation approved restaurants around the country .

for eligible card members. So you guns, thank you. Thank you coming this one. Thank you. Body at.

That's the podcast for today and for the week. Thank you for tuning in.

What you good. Thank you.

School box is hosted by joe corn backed quick and Andrew ross kan. Weekday mornings on C, N, B, C, starting at six eastern to get the smartest takes from that T, V show right here. Years follow work pot. Whatever you're listening now will meet you right back here on monday. Have a great weekend.

and we are clear. Thanks guys.

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