1 00:00:02,520 --> 00:00:08,640 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,840 --> 00:00:18,400 Speaker 3: Let's take a look at some of the stocks on 5 00:00:18,600 --> 00:00:21,079 Speaker 3: the move today. I'm Paul Swing alongside Scarlett Film. Were't 6 00:00:21,120 --> 00:00:23,239 Speaker 3: joined by Bloomberg Red Brown Red. What are you looking 7 00:00:23,280 --> 00:00:23,639 Speaker 3: at today? 8 00:00:23,880 --> 00:00:25,360 Speaker 4: Yeah, first of one on my screen, here is a 9 00:00:25,440 --> 00:00:29,600 Speaker 4: sweet green. The ticker's SG. This stock has getten kind 10 00:00:29,640 --> 00:00:31,880 Speaker 4: of pummeled today. It was down as much as seventeen percent, 11 00:00:32,520 --> 00:00:35,880 Speaker 4: down around eight at the moment. That's sixteen percent dropbs. Actually, 12 00:00:35,920 --> 00:00:38,839 Speaker 4: it's worst inter day since August of this year. Has 13 00:00:39,040 --> 00:00:41,640 Speaker 4: coincided with its last earnings report. So earning's becoming a 14 00:00:41,680 --> 00:00:45,479 Speaker 4: little bit of a trouble point for this company. Really struggling, 15 00:00:45,520 --> 00:00:47,960 Speaker 4: as we've seen kind of throughout this earning season, this 16 00:00:48,040 --> 00:00:50,120 Speaker 4: fast casual segment really struggling with the kind of a 17 00:00:50,200 --> 00:00:54,000 Speaker 4: slow down within that like middle income consumer as well 18 00:00:54,000 --> 00:00:56,600 Speaker 4: as younger consumers. So Sweekering definitely dealing with them a lot, 19 00:00:56,640 --> 00:00:59,400 Speaker 4: with a lot of those problems due to the fact 20 00:00:59,400 --> 00:01:01,840 Speaker 4: that they're our meals are kind of too pricey for 21 00:01:01,880 --> 00:01:02,240 Speaker 4: these people. 22 00:01:02,240 --> 00:01:04,679 Speaker 3: At the moment regularly twenty dollars cellids. 23 00:01:05,240 --> 00:01:07,640 Speaker 1: I mean after you add on you know your protein, sure, 24 00:01:07,760 --> 00:01:09,480 Speaker 1: the protein that brings it right up. 25 00:01:09,480 --> 00:01:11,800 Speaker 3: Okay, right, Number two stock you're watching. 26 00:01:11,920 --> 00:01:14,320 Speaker 4: Sticking with the restaurants. This time it's Wendy's. The stock 27 00:01:14,480 --> 00:01:17,880 Speaker 4: was up almost fifteen percent today. Yeah, the baconator is 28 00:01:18,200 --> 00:01:20,399 Speaker 4: clearly resonating with with people at the moment. 29 00:01:21,480 --> 00:01:22,320 Speaker 3: There are stocks. 30 00:01:22,360 --> 00:01:24,160 Speaker 4: It's up two percent right now, and this is off 31 00:01:24,200 --> 00:01:27,640 Speaker 4: the back of actually them showing sales fell less than 32 00:01:27,680 --> 00:01:30,959 Speaker 4: expected and also kind of continuing with this trend we've 33 00:01:30,959 --> 00:01:33,520 Speaker 4: seen the last couple of weeks in these restaurant earnings. 34 00:01:33,120 --> 00:01:35,680 Speaker 3: Of fast food doing quite well. 35 00:01:36,000 --> 00:01:38,160 Speaker 4: Seems like foot traffic is, you know, maybe falling in 36 00:01:38,240 --> 00:01:40,600 Speaker 4: some of these restaurants. But we look at McDonald's, if 37 00:01:40,600 --> 00:01:43,959 Speaker 4: we look at the Burger King parent company, Restaurant Brands International, 38 00:01:44,000 --> 00:01:45,920 Speaker 4: if we look at Yum they owned Taco Bell. All 39 00:01:45,959 --> 00:01:49,600 Speaker 4: these companies are have been outperforming expectations. And Wendy's is 40 00:01:49,640 --> 00:01:52,680 Speaker 4: kind of the last iteration of that theme that we 41 00:01:52,720 --> 00:01:55,000 Speaker 4: see today with the stock up around two percent. Like 42 00:01:55,040 --> 00:02:00,840 Speaker 4: I said, Expedia, Yeah, Expedia doing incredible. Stock is really 43 00:02:00,920 --> 00:02:04,240 Speaker 4: ripping up around eighteen percent. That's the best since April 44 00:02:04,240 --> 00:02:06,640 Speaker 4: of this year. This one kind of surprised me. I 45 00:02:06,640 --> 00:02:10,000 Speaker 4: think it's interesting to hear some of the commentary from Expedia, like, 46 00:02:10,320 --> 00:02:12,399 Speaker 4: you know, travel the end is still strong, Like it's 47 00:02:12,400 --> 00:02:14,040 Speaker 4: just one of these areas that people just kind of 48 00:02:14,080 --> 00:02:17,080 Speaker 4: refuse to stop spending on. I thought it was interesting 49 00:02:17,080 --> 00:02:20,280 Speaker 4: too they called out that they're by now travel later 50 00:02:20,639 --> 00:02:24,480 Speaker 4: type product was driving a lot of these results as well. 51 00:02:24,520 --> 00:02:26,520 Speaker 4: I mean that, I mean, Scarlet, you made a face, So. 52 00:02:26,480 --> 00:02:29,079 Speaker 3: I'm right now, travel later just sounds like a bad 53 00:02:29,120 --> 00:02:29,680 Speaker 3: idea to me. 54 00:02:30,120 --> 00:02:32,840 Speaker 1: I think so too, But I mean a good idea 55 00:02:32,919 --> 00:02:34,000 Speaker 1: for the company that's offering it. 56 00:02:34,120 --> 00:02:35,560 Speaker 3: But for consumers, oh definitely. 57 00:02:35,639 --> 00:02:37,720 Speaker 4: I mean I think it just like to me, what 58 00:02:37,760 --> 00:02:39,840 Speaker 4: it said, what it signals is that like people like 59 00:02:40,400 --> 00:02:42,720 Speaker 4: we've heard this like on cruise earnings a lot, Like 60 00:02:42,919 --> 00:02:45,160 Speaker 4: people just really like do not want to cut back 61 00:02:45,160 --> 00:02:47,639 Speaker 4: on their travel, and they're looking for more like affordable 62 00:02:47,680 --> 00:02:49,520 Speaker 4: ways to do it. Right. So like if I can 63 00:02:49,520 --> 00:02:51,240 Speaker 4: maybe split my trip up that I want to take 64 00:02:51,320 --> 00:02:53,320 Speaker 4: now into four payments or whatever it is, whatever this 65 00:02:53,400 --> 00:02:55,880 Speaker 4: sort of plan is that allows me to still kind 66 00:02:55,880 --> 00:03:00,239 Speaker 4: of like scratch that itch. I do wonder what it 67 00:03:00,280 --> 00:03:02,320 Speaker 4: looks like I guess in a few months time, as 68 00:03:02,360 --> 00:03:04,919 Speaker 4: the economy does, does kind of continue to like sputter out, 69 00:03:04,919 --> 00:03:07,040 Speaker 4: like is this necessarily a good idea? I don't know 70 00:03:07,040 --> 00:03:09,120 Speaker 4: if I'll have a job in twelve months, right, Like, 71 00:03:09,880 --> 00:03:11,080 Speaker 4: so you know, we. 72 00:03:11,000 --> 00:03:13,760 Speaker 1: Secretly want to be European with you know, twenty vacation 73 00:03:13,840 --> 00:03:14,320 Speaker 1: days a year. 74 00:03:14,720 --> 00:03:18,800 Speaker 3: Sure, Like, yeah, it's no secret for me. 75 00:03:18,880 --> 00:03:19,320 Speaker 4: I love it. 76 00:03:19,400 --> 00:03:19,600 Speaker 1: Yeah. 77 00:03:20,960 --> 00:03:25,000 Speaker 2: This stock movers report from Bloomberg Radio. Check back with 78 00:03:25,080 --> 00:03:27,639 Speaker 2: us throughout the day for the latest roundup of companies 79 00:03:27,720 --> 00:03:30,799 Speaker 2: making news on Wall Street and for the latest market 80 00:03:30,840 --> 00:03:35,320 Speaker 2: moving headlines. 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