Cleo Opens Seventh Restaurant Worldwide in Los Angeles
Cleo is a new restaurant concept from major restaurant and hotel chain, SBE The restaurant arm of SBE, Disruptive Restaurant Group, led by Daniel del Olmo, is poised to open 19 restaurants and seven lounges in the next six months.
Del Olmo sat down with Alyssa Julya Smith in Los Angeles at the grand opening of Cleo Third Street, the third location in Los Angeles. He talks about how Cleo is set up in one of the trendiest areas of Los Angeles, and that is the goal for SBE as it continues to open new restaurants and lounges all over the world.
Additional Cleo locations include: Las Vegas and South Beach with new locations set to open in The Bahamas and New York. Named after the Egyptian queen, Cleo showcases a modern twist on eastern and southern Mediterranean cuisine, helmed by Chef Danny Elmaleh.
The Food and Drug Administration is asking Congress for new powers, including the ability to mandate drug recalls and require eyedrop makers to undergo inspections before shipping products to the U.S.
The Federal Reserve kept its key interest rate unchanged Wednesday for a third straight time, and its officials signaled that they expect to make three quarter-point cuts to their benchmark rate next year.
Eliott Wellenbach, vice president and institutional ETF strategist with Direxion, joined Cheddar News to discuss what traders are expecting from consumer spending ahead of the holidays and how they're positioning themselves following the latest inflation data and mortgage rates.
