Trump said he doesn't see a recession after the bond market spooked investors and the Dow suffered its worst day of the year last week.Marketsread more
Ahead of the deadline, U.S. President Donald Trump told reporters that Huawei was a national security threat.Technologyread more
Baidu is gearing up to release its second-quarter earnings on Monday with the market expecting a sharp decline in profit.Technologyread more
Americans now say they approve of free trade by 64%-27%, a margin of better than two to one. That's up from 57%-37% early in Trump's presidency, and 51%-41% near the end of...Politicsread more
Stocks in Asia edged up Monday afternoon as U.S. Treasury yields bounced higher after plunging last week.Asia Marketsread more
The problem with tanking equities lies elsewhere, writes Michael Ivanovitch, because traders see no end to America's unfolding trade disputes with Europe and China.World Economyread more
Beijing wants to use reforms to support a slowing economy.China Marketsread more
Trump said Cook made a "good case" that it would be difficult for Apple to pay tariffs, when Samsung does not face the same hurdle because much of its manufacturing is in...Technologyread more
The yield on the benchmark 10-year Treasury note briefly fell below the 2-year rate on Wednesday, a phenomenon in the bond market known as yield curve inversion, which is...Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
The hearing will now begin next Monday to allow time for the completion of a previous trial that revolves around former 1MDB unit SRC International, a Kuala Lumpur High Court...Asia Newsread more
With prices at the pump down, consumers may be looking to treat themselves to a little something extra while eating out. However, while the restaurant sector clearly benefits from cheap gas, there are certain names that stand out, restaurant analyst Bob Derrington told CNBC on Friday.
"A rising tide literally can lift all the boats," he said in an interview with "Street Signs. "
However, it is companies with strong management teams coupled with reasonable check averages that make his buy list.
Consumers are now paying 65 cents less for a gallon of gas than they were a year ago, which should translate into more spending. The current national average for a gallon of regular is $2.60, the lowest since December 2009, according to AAA.
"I think there clearly will be some lift to the check average both from menu pricing and from mix—from the fact that customers may order another appetizer or another adult beverage or maybe a little bit better cut of steak for dinnertime," said Derrington, senior restaurant analyst at Wunderlich Securities.
Even if gas prices reverse course and begin to rise, he said his picks are better situated to handle it.
However, Derrington is cautious about high-end restaurants, especially those in places like Texas, where a lot of jobs depend on the oil industry.
"Normally this is a great time of the year to go out and eat at a really fine dining restaurant ... but given what's going on with potentially oil and gas prices and what ... ripple into Texas economy, there may be less celebration this year," he said.
"We may see softer sales in some of these higher-end restaurants."
Disclosure: Bob Derrington does not own Jack in the Box, Buffalo Wild Wings, Red Robin or BJ's Restaurants.