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Kayak, Palo Alto IPOs Shine in Wall Street Debut

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  • Description

    FBN’s Nicole Petallides breaks down the day in the markets.

  • Duration 2:11
  • Date

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Let's start with one of the big lose Tuesday which of course what we reported on yesterday chipotle had earnings that disappointed but these -- the NY SEI I -- I -- Saying right now that this is one of the sides of the drought now obviously the 20% drop.

It's not all because of the drought because clearly some of this is based on what happened before the drought -- in.

Up but I would suggest some of that 20% loss that -- have today is because of concerns about what's gonna happen.

-- It -- that's certainly part of that goes into it back -- talked about food inflation and those factors these economic factors and it's not only that.

But also just tough economic times intense competition.

We heard from Yum! Brands this -- -- Much of the same right they talked about the global effects.

Today Panera Bread was down in sympathy with temple is such -- -- -- down 21%.

Panera -- another name -- -- similar sort of type of business and -- was down almost 4%.

OK and forget doubt have to kind of look -- up by the united pulling up kayak these are two IPOs today.

What a move for kayak and Palo Alto networks -- -- kayak when you see this is just unbelievable -- the slowly listing on the the NASDAQ but nonetheless up double digit percentages.

That's it look here's the here's the -- that right and that is where this was one of our idea right here.

And this is a big one right -- look at how loud cell networks valid and I ask you really shining down day you what we saw.

141 points the -- that but we held our.

Gains -- -- and forgive me for all those investors and energy stocks but I like it when oil goes down because I have to fill up but -- -- affect oil was down today break in the trend.

While -- still but you know it's that 92 dollars and why didn't they just now how easily granted buffalo -- -- dollar market with a 399.

Just what my back about four dollar mark again that's right.

Look at Chevron has managed to pull -- gain out of some -- oil -- that was one of the and starts to the yes of we always have dimensional we talk about gasoline prices California and Connecticut Hawaii to.

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