CNBC's 'Squawk on the Street' team discusses Sonic's stock price as it soars shortly after the market open.
CNBC's 'Squawk on the Street' team discusses Sonic being acquired by Inspire Brands.
Blitz, Wrestle and Trade
Cliff Hudson, Sonic Corporation chairman and CEO, discusses the company's quarterly result which saw a slight decline in same-store sales, and how it plans to differentiate from growing competition while maintaining value for the customer. Also Hudson talks about Sonic's expanded mobile ordering program.
The Nasdaq composite pulled back from record levels on Thursday as declines in Facebook and other major tech names dragged the sector lower.
Bob Derrington, Telsey Advisory Group, provides insight to McDonald's turnaround strategy under chief executive Steve Easterbrook and where he sees other investment opportunities in the fast casual space.