Consistency. Buffalo wild wings. This has been one of the best performers of the year. A month ago they were trading at 207. Today it fell a staggering 32. More than 17 single session. What went wrong with Buffalo Wild Wings . What didnt go wrong . Samestore sales usually the key metric, showed a dramatic deceleration with franchise restaurants seeing a small increase. The quarter to date, theyve only generated 2. 8 increase in sales. Analyses were expecting a 5. 5 increase. Guidance went from 13 to single digits. Ugly set of numbers. So what does this weakness in Buffalo Wild Wings portend for the rest of the group . We saw some serious pin action. Every restaurant chain got hammered. The garden, olive garden, was down. Equity, parent of ihop and applebees, fell. Panera bread got obliterated. The already beaten down chipotle sank. Now we have to ask, is this selloff justified . Is it right . First, unlike other restaurants, except for chipotle, Buffalo Wild Wings wasnt priced for perf
Source of the best information, the president of the United States. Later tonight, i want to tell you the great neil cotchall here. And well talk about the legality of quarantines and travel bans around the world. We begin with the latest for you. Right now in the United States, we have more than 1500 confirmed cases of coronavirus. Right now in the United States, the dow is down nearly 10 today alone. And right now, in the United States, there are 19 different states, at least, that have declared types of emergencies to address all of this. That gives you a portrait of a crisis. Now as for the markets, its the worst day on the dow since the 1987 crash which you may recall. Many referred to for years as black monday. So we are in our own territory of that, although unlike the underlying Economic Issues then, many hope that the United States can rebound from this if the Health Situation evolves. At one point this morning, if you didnt see this, the dow was falling so fast that they form
Good morning. Welcome to morning joe. It is thursday, march 19th. Along with joe, willie, and me, we have White House Reporter for the associated press, jonathan lemire. Former treasury official and morning joe economic analyst, Steve Rattner is with us. So reports of new cases of the coronavirus in this country seem to be coming in by the minute. There are now more than 8,900 confirmed cases here in the u. S. And more than 150 deaths. The number of cases in the state of new york alone jumped 44 over the last 24 hours. Now close to 2,400. Thats more than double Washington State, which has the second highest number of confirmed cases. A top official on the White House Coronavirus Task Force Says the number of confirmed cases in the u. S. Is expected to dramatically increase over the next few days. At a White House Briefing yesterday, dr. Deborah birx urged americans not to overreact, noting that the spike will occur as testing accelerates. They were individuals who had been tested. Who
So at this hour the u. S. Has the highest reported number of coronavirus cases in the world. The w. H. O. Says its confirmed cases of the virus have more than 190 countries and territories. No one is known to be immune, and despite the efforts of doctors around the world, so far there is no vaccine. Johns Hopkins University has logged more than 532,000 cases worldwide with more than 24,000 deaths. In the u. S. , more than 82,000 americans are now infected surpassing even china. The u. S. On thursday reported 15,000 confirmed cases in just a single day. Yet the u. S. President seems eager to move on. People want to go back to work. Im hearing it loud and clear from everybody, and its going to happen pretty quickly. Af lot of progress has made but we have to go back to work. We may take sections of our country, we may take large sections of our country that arent so seriously affected. There are now almost four times the number of cases in the u. S. Than reported in china. The epicenter,
Hospital. Well, the top u. S. Public Health Official with sobering words for the United States. Surgeon general jerome adams telling americans the week ahead will compare to pearl harbor or 9 11 in terms of heartbreak and lost lives. Heres where things stand right now. According to Johns Hopkins university there are more than 337,000 cases of coronavirus in the United States. More than 9600 americans have died because of it. At least 25,000 new cases were reported on sunday alone along with more than 1100 deaths. While authorities are coping with the deluge of patients and preparing for more, in some places National Guard units are helping build field hospitals like this one in los angeles or this one in detroit. And on the sunday morning talk shows the doctors leading the u. S. Response told americans to brace for more gut wrenching days to come. This is going to be the hardest and the saddest week of most americans lives quite frankly. This is going to be our pearl harbor moment, our