Moe's Southwest Grill is hitting the road with its Tour de Burrito truck. It's rolling through four cities and aims to open its kitchen doors to fans and showcase the menu. Bruce Schroder, President of Moe's joins Cheddar to discuss why, after being open for 17 years and franchising over 700 restaurants, this Tour de Burrito truck is vital to its customers. He talks about the fresh ingredients at Moe's, which serves 41,000 pounds of salsa with 60,000 pounds of freshly fried tortilla chips. The fast-casual restaurant has tried to innovate with its rewards-tracking app, Schroder talks about how important it is to capture the millennial consumer.
Plus, Moe's is a privately held company. Is now the time to go public? Schroder explains that as a private company its goals can be focused on the right priorities for its consumers.
Moe's has poked some fun at Chipotle's Queso reviews. Schroder says the conversation around Chipotle's not-so-great dip has actually helped sales because it's brought awareness to the dip!
Nvidia on Wednesday became the first public company to reach a market capitalization of $5 trillion. The ravenous appetite for the Silicon Valley company’s chips is the main reason that the company’s stock price has increased so rapidly since early 2023.
Chris Williamson, Chief Business Economist at S&P Global, breaks down September’s CPI print and inflation trends, explaining what it means for markets.
A big-screen adaptation of the anime “Chainsaw Man” has topped the North American box office, beating a Springsteen biopic and “Black Phone 2.” The movie earned $17.25 million in the U.S. and Canada this weekend. “Black Phone 2” fell to second place with $13 million. Two new releases, the rom-com “Regretting You” and “Springsteen — Deliver Me From Nowhere,” earned $12.85 million and $9.1 million, respectively. “Chainsaw Man – The Movie: Reze Arc” is based on the manga series about a demon hunter. It's another win for Sony-owned Crunchyroll, which also released a “Demon Slayer” film last month that debuted to a record $70 million.
The Federal Aviation Administration says flights departing for Los Angeles International Airport were halted briefly due to a staffing shortage at a Southern California air traffic facility. The FAA issued a temporary ground stop at one of the world’s busiest airports on Sunday morning soon after U.S. Transportation Secretary Sean Duffy predicted that travelers would see more flights delayed as the nation’s air traffic controllers work without pay during the federal government shutdown. The hold on planes taking off for LAX lasted an hour and 45 minutes and didn't appear to cause continued problems. The FAA said staffing shortages also delayed planes headed to Washington, Chicago and Newark, New Jersey on Sunday.
