WEBVTT - Expedia Rises, Sweetgreen Falls, Wendy's Jumps On Better-Than-Expected Results

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's take a look at some of the stocks on

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<v Speaker 3>the move today. I'm Paul Swing alongside Scarlett Film. Were't

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<v Speaker 3>joined by Bloomberg Red Brown Red. What are you looking

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<v Speaker 3>at today?

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<v Speaker 4>Yeah, first of one on my screen, here is a

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<v Speaker 4>sweet green. The ticker's SG. This stock has getten kind

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<v Speaker 4>of pummeled today. It was down as much as seventeen percent,

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<v Speaker 4>down around eight at the moment. That's sixteen percent dropbs. Actually,

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<v Speaker 4>it's worst inter day since August of this year. Has

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<v Speaker 4>coincided with its last earnings report. So earning's becoming a

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<v Speaker 4>little bit of a trouble point for this company. Really struggling,

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<v Speaker 4>as we've seen kind of throughout this earning season, this

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<v Speaker 4>fast casual segment really struggling with the kind of a

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<v Speaker 4>slow down within that like middle income consumer as well

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<v Speaker 4>as younger consumers. So Sweekering definitely dealing with them a lot,

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<v Speaker 4>with a lot of those problems due to the fact

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<v Speaker 4>that they're our meals are kind of too pricey for

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<v Speaker 4>these people.

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<v Speaker 3>At the moment regularly twenty dollars cellids.

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<v Speaker 1>I mean after you add on you know your protein, sure,

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<v Speaker 1>the protein that brings it right up.

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<v Speaker 3>Okay, right, Number two stock you're watching.

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<v Speaker 4>Sticking with the restaurants. This time it's Wendy's. The stock

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<v Speaker 4>was up almost fifteen percent today. Yeah, the baconator is

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<v Speaker 4>clearly resonating with with people at the moment.

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<v Speaker 3>There are stocks.

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<v Speaker 4>It's up two percent right now, and this is off

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<v Speaker 4>the back of actually them showing sales fell less than

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<v Speaker 4>expected and also kind of continuing with this trend we've

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<v Speaker 4>seen the last couple of weeks in these restaurant earnings.

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<v Speaker 3>Of fast food doing quite well.

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<v Speaker 4>Seems like foot traffic is, you know, maybe falling in

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<v Speaker 4>some of these restaurants. But we look at McDonald's, if

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<v Speaker 4>we look at the Burger King parent company, Restaurant Brands International,

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<v Speaker 4>if we look at Yum they owned Taco Bell. All

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<v Speaker 4>these companies are have been outperforming expectations. And Wendy's is

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<v Speaker 4>kind of the last iteration of that theme that we

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<v Speaker 4>see today with the stock up around two percent. Like

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<v Speaker 4>I said, Expedia, Yeah, Expedia doing incredible. Stock is really

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<v Speaker 4>ripping up around eighteen percent. That's the best since April

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<v Speaker 4>of this year. This one kind of surprised me. I

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<v Speaker 4>think it's interesting to hear some of the commentary from Expedia, like,

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<v Speaker 4>you know, travel the end is still strong, Like it's

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<v Speaker 4>just one of these areas that people just kind of

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<v Speaker 4>refuse to stop spending on. I thought it was interesting

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<v Speaker 4>too they called out that they're by now travel later

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<v Speaker 4>type product was driving a lot of these results as well.

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<v Speaker 4>I mean that, I mean, Scarlet, you made a face, So.

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<v Speaker 3>I'm right now, travel later just sounds like a bad

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<v Speaker 3>idea to me.

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<v Speaker 1>I think so too, But I mean a good idea

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<v Speaker 1>for the company that's offering it.

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<v Speaker 3>But for consumers, oh definitely.

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<v Speaker 4>I mean I think it just like to me, what

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<v Speaker 4>it said, what it signals is that like people like

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<v Speaker 4>we've heard this like on cruise earnings a lot, Like

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<v Speaker 4>people just really like do not want to cut back

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<v Speaker 4>on their travel, and they're looking for more like affordable

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<v Speaker 4>ways to do it. Right. So like if I can

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<v Speaker 4>maybe split my trip up that I want to take

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<v Speaker 4>now into four payments or whatever it is, whatever this

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<v Speaker 4>sort of plan is that allows me to still kind

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<v Speaker 4>of like scratch that itch. I do wonder what it

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<v Speaker 4>looks like I guess in a few months time, as

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<v Speaker 4>the economy does, does kind of continue to like sputter out,

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<v Speaker 4>like is this necessarily a good idea? I don't know

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<v Speaker 4>if I'll have a job in twelve months, right, Like,

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<v Speaker 4>so you know, we.

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<v Speaker 1>Secretly want to be European with you know, twenty vacation

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<v Speaker 1>days a year.

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<v Speaker 3>Sure, Like, yeah, it's no secret for me.

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<v Speaker 4>I love it.

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<v Speaker 1>Yeah.

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