Chipotle Jumps on Report Starbucks Explored a Takeover

Chipotle Mexican Grill shares jumped after the Financial Times reported that Starbucks has reportedly worked with advisers in recent months on a takeover proposal for Chipotle, according to the Financial Times. Starbucks Chief Executive Officer Brian Niccol previously spent six years as the top executive at Chipotle. Michael Halen of Bloomberg Intelligence has more.