Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some of the stocks on
Speaker 3: the move today. I'm Paul Swing alongside Scarlett Film. Were't
Speaker 3: joined by Bloomberg Red Brown Red. What are you looking
Speaker 3: at today?
Speaker 4: Yeah, first of one on my screen, here is a
Speaker 4: sweet green. The ticker's SG. This stock has getten kind
Speaker 4: of pummeled today. It was down as much as seventeen percent,
Speaker 4: down around eight at the moment. That's sixteen percent dropbs. Actually,
Speaker 4: it's worst inter day since August of this year. Has
Speaker 4: coincided with its last earnings report. So earning's becoming a
Speaker 4: little bit of a trouble point for this company. Really struggling,
Speaker 4: as we've seen kind of throughout this earning season, this
Speaker 4: fast casual segment really struggling with the kind of a
Speaker 4: slow down within that like middle income consumer as well
Speaker 4: as younger consumers. So Sweekering definitely dealing with them a lot,
Speaker 4: with a lot of those problems due to the fact
Speaker 4: that they're our meals are kind of too pricey for
Speaker 4: these people.
Speaker 3: At the moment regularly twenty dollars cellids.
Speaker 1: I mean after you add on you know your protein, sure,
Speaker 1: the protein that brings it right up.
Speaker 3: Okay, right, Number two stock you're watching.
Speaker 4: Sticking with the restaurants. This time it's Wendy's. The stock
Speaker 4: was up almost fifteen percent today. Yeah, the baconator is
Speaker 4: clearly resonating with with people at the moment.
Speaker 3: There are stocks.
Speaker 4: It's up two percent right now, and this is off
Speaker 4: the back of actually them showing sales fell less than
Speaker 4: expected and also kind of continuing with this trend we've
Speaker 4: seen the last couple of weeks in these restaurant earnings.
Speaker 3: Of fast food doing quite well.
Speaker 4: Seems like foot traffic is, you know, maybe falling in
Speaker 4: some of these restaurants. But we look at McDonald's, if
Speaker 4: we look at the Burger King parent company, Restaurant Brands International,
Speaker 4: if we look at Yum they owned Taco Bell. All
Speaker 4: these companies are have been outperforming expectations. And Wendy's is
Speaker 4: kind of the last iteration of that theme that we
Speaker 4: see today with the stock up around two percent. Like
Speaker 4: I said, Expedia, Yeah, Expedia doing incredible. Stock is really
Speaker 4: ripping up around eighteen percent. That's the best since April
Speaker 4: of this year. This one kind of surprised me. I
Speaker 4: think it's interesting to hear some of the commentary from Expedia, like,
Speaker 4: you know, travel the end is still strong, Like it's
Speaker 4: just one of these areas that people just kind of
Speaker 4: refuse to stop spending on. I thought it was interesting
Speaker 4: too they called out that they're by now travel later
Speaker 4: type product was driving a lot of these results as well.
Speaker 4: I mean that, I mean, Scarlet, you made a face, So.
Speaker 3: I'm right now, travel later just sounds like a bad
Speaker 3: idea to me.
Speaker 1: I think so too, But I mean a good idea
Speaker 1: for the company that's offering it.
Speaker 3: But for consumers, oh definitely.
Speaker 4: I mean I think it just like to me, what
Speaker 4: it said, what it signals is that like people like
Speaker 4: we've heard this like on cruise earnings a lot, Like
Speaker 4: people just really like do not want to cut back
Speaker 4: on their travel, and they're looking for more like affordable
Speaker 4: ways to do it. Right. So like if I can
Speaker 4: maybe split my trip up that I want to take
Speaker 4: now into four payments or whatever it is, whatever this
Speaker 4: sort of plan is that allows me to still kind
Speaker 4: of like scratch that itch. I do wonder what it
Speaker 4: looks like I guess in a few months time, as
Speaker 4: the economy does, does kind of continue to like sputter out,
Speaker 4: like is this necessarily a good idea? I don't know
Speaker 4: if I'll have a job in twelve months, right, Like,
Speaker 4: so you know, we.
Speaker 1: Secretly want to be European with you know, twenty vacation
Speaker 1: days a year.
Speaker 3: Sure, Like, yeah, it's no secret for me.
Speaker 4: I love it.
Speaker 1: Yeah.
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