Ed Skyler, Citi head of enterprise services and public affairs, joins 'Squawk Box' to discuss Zohran Mamdani's election victory to become the next mayor of New York City, impact on the business community, and more. ...

We are getting some numbers that are pretty important right now. We're going to be looking at the ADP private payroll data. It's just out.Steve Leeman joins us with those numbers. >> Numbers. What a what a what a thought.Fantastic. ADP saying that private payrolls grew by 42,000 in the month of October. Uh with a decent split when it comes to by sector.Goods producing up 9,000, service providing up 33,000. This is a question. Is this the new normal we have to get used to.Is a relatively lackluster number th ...

The Washington Post uh published a profile on 1789 capital co-founders Chris Buzzkerk titled the select the secretive uh donor circle that lifted JD Vance is now rewriting MAGA's future. The piece highlights him as a key figure behind the scenes in the MAGA movement dealing detailing how his organization the Rockbridge Network helped propel Vance into the vice presidency and continues to shape Republican strategy and policy. Joining us now on this and more is 1789 Capital Rockbridge Network co-founder Chris ...

It's a multi-million dollar heist uh rattling crypto investors this week. A hacker stole over hund00 million from a DeFi a decentralized finance uh platform called Balancer. And joining us now, cyber security expert Chris Krebs. He served as the inaugural director of the US Department of Homeland Security, cyber security and infrastructure security agency.He also uh ran US cyber policy for Microsoft. So Chris, can you let's just get back to to what what what is balancer. It was I guess it used ether or some ...

Day 36 of the government shutdown, making now the longest government shutdown in history. Joining us right now is Republican Senator Mike Browns. Uh, a lot of folks have suggested, Mr.. Senator, that uh potentially uh given Tuesday was this election that maybe we could actually get a deal later this week. Do you think that that's now on the table, off the table. >> I I I think we're very close to the point where the stars may start to align.Uh, I think the fact that the Democrats have now gotten through the ...

Joining us right now is Roger Alman. He of course is the founder and senior chairman of Evercore, a good friend of the show. And Roger, it's great to have you here.Thanks for thanks for having me back joining us. Um, you are somebody we kind of always look to as a moderating voice. So, why don't you talk us through uh your take on the mom dominy election because you look at the New York Post, you look at other places, they say this is basically the end.Um, you've got a slightly more restrained view on it. N ...

Now the Supreme Court's going to hear a challenge to President Trump's uh tariff policy and Aean Jabvers. You can also look at this on Poly Market. Joins us now uh with more on the case. Uh I think only 35% uh chance of uh the president prevailing uh with with uh with with this tariff case.I don't I don't know what whether that's that's accurate or not, but money. Yesterday we saw it, Aean. There were people betting $2 million on Mandani to make $100,000.>> No, it wasn't though, was it. >> It's not if it's ...

Financial Performance - Cava grew revenue 20% year-over-year [3] - Cava's same restaurant sales accelerated from 16.5% to 20% on a two-year basis from Q2 to Q3 [3] - Cava's same store sales were up 1.9% versus expectations of 2.8% for the most recent quarter [9] Market Trends & Consumer Behavior - The growth of restaurant stocks has moderated [2] - Cava has seen a moderation in sales this year with younger consumers (25-34 year olds) facing headwinds like student loan debt repayment and inflationary pressures [4][5] - Cava grew market share with the 25-34 year old demographic, but their frequency year-over-year had waned [6] - Restaurant industry transactions have decreased by 7% since 2019 [8] Cost Management & Pricing Strategy - The restaurant industry raised prices 34% in aggregate since 2019, while Cava raised prices less than 17% during the same period, while CPI was up 27% [8] - Cava absorbed about 20 basis points in tariff impact [12] - Cava anticipates low to mid single-digit COGS inflation next year [12] External Factors - The government shutdown caused some softness in sales [9][10] - Tariffs on imported ingredients like olive oil, beef, and basmati rice have had a bit of an impact [13]

looking at uh third quarter results from McDonald's. Stock doesn't uh like it. It's weird because Kate, I think they missed on the bottom line of 322, but the the same store sales uh US were above expectations, weren't they.>> Yeah, that's right. So, this is a mixed third quarter here for McDonald's. Adjusted EPS, as you said, a miss 322 lower than estimates of $3.33%.Revenues 7.08% billion. That's just slightly below the 7.1% billion that was estimated by analysts. But as you said, same store sales a brigh ...

All right, kind of a a a solid estimate there of job gains. However, in recent weeks, we've seen a number of layoffs. IBM just the latest uh saying they're going to cut a low single-digit percentage of its workforce, which you know is going to be thousands of people.Give us a sense. Does this report in your mind, does this show a blip or does it show kind of a rebound in what we're seeing. Because so far it's been a low hire, low fire year.>> It is. It has been. Although we have seen in in the latest number ...