1
00:00:02,520 --> 00:00:07,000
Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

2
00:00:08,560 --> 00:00:12,440
Speaker 2: The Stock Mover's Report, your roundup of companies making moves

3
00:00:12,480 --> 00:00:15,880
Speaker 2: in the stock market. Harnessing the power of Bloomberg data.

4
00:00:17,120 --> 00:00:19,400
Speaker 3: Let's take a look at some stocks on the move today.

5
00:00:19,680 --> 00:00:23,239
Speaker 3: I'm Tom Keen with Paul Sweeney and Bloomberg. So, Lisa Matteo,

6
00:00:23,320 --> 00:00:25,760
Speaker 3: they've really been successful. They've got a couple of them

7
00:00:25,840 --> 00:00:28,080
Speaker 3: during the day, but Lisa's is best.

8
00:00:28,160 --> 00:00:29,320
Speaker 1: Sure do you have all right?

9
00:00:29,360 --> 00:00:33,000
Speaker 4: We're starting the travel sector. Okay, Expedia tick your expe

10
00:00:33,159 --> 00:00:36,159
Speaker 4: there shares them an up as much as fifteen percent.

11
00:00:36,560 --> 00:00:39,280
Speaker 4: They also own hotels dot com verbos, so keep that

12
00:00:39,320 --> 00:00:42,040
Speaker 4: in mind. They say travel is back, continuing into the

13
00:00:42,040 --> 00:00:45,400
Speaker 4: holiday quarter, raise a full year outlook, resilient travel demand.

14
00:00:45,440 --> 00:00:48,559
Speaker 4: Third quarter results succeeded expectations and to beat on adjustin

15
00:00:48,640 --> 00:00:51,960
Speaker 4: ernings per share, gross bookings. What's interesting is that they

16
00:00:51,960 --> 00:00:55,319
Speaker 4: said demand for rooms they rose in both higher and

17
00:00:55,480 --> 00:00:59,760
Speaker 4: lower end market, so basically the wealthy and budget conscious

18
00:00:59,760 --> 00:01:03,240
Speaker 4: conc whereas they're both still looking to travel. The CFO

19
00:01:03,320 --> 00:01:05,480
Speaker 4: said they're not seeing an impact from the shutdown yet,

20
00:01:05,480 --> 00:01:07,839
Speaker 4: but they're keeping an eye on it just in case.

21
00:01:08,480 --> 00:01:10,039
Speaker 4: But we've heard this we had, you know, a strong

22
00:01:10,080 --> 00:01:13,600
Speaker 4: report from Booking Holdings last week. Airbnb had some good

23
00:01:13,640 --> 00:01:16,720
Speaker 4: news yesterday too, So it looks like travel is a

24
00:01:16,720 --> 00:01:17,800
Speaker 4: good spot to be in right now.

25
00:01:17,920 --> 00:01:20,760
Speaker 1: We used Verbo for the ski trip for the dude's steair.

26
00:01:21,000 --> 00:01:22,800
Speaker 1: For that, we need to get the condo at you know,

27
00:01:22,880 --> 00:01:24,199
Speaker 1: like you know, some.

28
00:01:24,160 --> 00:01:28,200
Speaker 3: Ski resorts are like perfect families in perfect settings. Is

29
00:01:28,200 --> 00:01:29,679
Speaker 3: that the way the Sweenees roll well?

30
00:01:29,760 --> 00:01:32,039
Speaker 1: And just a bunch of old old guys from Summit,

31
00:01:32,040 --> 00:01:32,840
Speaker 1: New Jersey skiing?

32
00:01:33,040 --> 00:01:35,320
Speaker 3: Just sit there, you sit there with the beverages church

33
00:01:35,400 --> 00:01:38,440
Speaker 3: in your in Lisa, you're looking at the TV, going, that's.

34
00:01:38,280 --> 00:01:41,080
Speaker 2: Not my family. They're all small.

35
00:01:42,120 --> 00:01:45,119
Speaker 4: They'd be on their little gadget exactly.

36
00:01:45,240 --> 00:01:45,959
Speaker 2: Put that down.

37
00:01:46,440 --> 00:01:48,040
Speaker 1: You know what I'm spending on this trip.

38
00:01:48,240 --> 00:01:53,760
Speaker 4: Next, let's go to salad chains Sweet Green. Okay, their

39
00:01:53,800 --> 00:01:56,600
Speaker 4: shares are taking a hit down fifteen percent. A few

40
00:01:56,680 --> 00:02:00,000
Speaker 4: things problems cut its full year outlook. Third quarter is

41
00:02:00,080 --> 00:02:04,400
Speaker 4: all it's worsened. It's now posted three consecutive quarters of

42
00:02:04,520 --> 00:02:07,960
Speaker 4: contraction of same store sales, the biggest decline in the

43
00:02:08,000 --> 00:02:11,119
Speaker 4: third quarter. It's the largest loss for share since twenty

44
00:02:11,240 --> 00:02:13,880
Speaker 4: twenty two. So because of all this, it's scaling back

45
00:02:13,960 --> 00:02:16,920
Speaker 4: plans to open news stores. It wanted to, but it's not.

46
00:02:17,080 --> 00:02:17,720
Speaker 3: Do you go there?

47
00:02:18,040 --> 00:02:21,399
Speaker 1: I've been there once this I learned the term protein

48
00:02:21,520 --> 00:02:23,639
Speaker 1: there for the first time. This is probably five years ago,

49
00:02:23,720 --> 00:02:25,320
Speaker 1: because they asked, see, they asked for protein. What do

50
00:02:25,360 --> 00:02:26,120
Speaker 1: you want for your protein?

51
00:02:26,520 --> 00:02:27,920
Speaker 2: What chicken?

52
00:02:28,360 --> 00:02:32,720
Speaker 3: And it's fresh, planted, forward earth friendly food.

53
00:02:32,880 --> 00:02:35,600
Speaker 1: Yep, Yes, we go to surveillance free.

54
00:02:35,639 --> 00:02:37,600
Speaker 3: Corresponding, do you go to Sweet Green?

55
00:02:38,680 --> 00:02:40,720
Speaker 4: We have a different one called Chopped. It's kind of

56
00:02:40,760 --> 00:02:43,240
Speaker 4: like the same thing, but they're they're a little pricey.

57
00:02:43,280 --> 00:02:45,079
Speaker 4: They are pricey. I have to I have to be hones.

58
00:02:45,080 --> 00:02:46,279
Speaker 1: I'm gonna get my salad.

59
00:02:46,280 --> 00:02:47,639
Speaker 4: It's almost twenty bucks.

60
00:02:47,320 --> 00:02:50,000
Speaker 1: From the La Gourmet on fifty eighth streets little deli,

61
00:02:50,720 --> 00:02:51,800
Speaker 1: so fifteen bucks.

62
00:02:51,880 --> 00:02:54,440
Speaker 4: Yeah, it is a little extra stuff.

63
00:02:54,919 --> 00:02:57,160
Speaker 1: And it was ten dollars pre pandemic because that was

64
00:02:57,160 --> 00:02:59,680
Speaker 1: my cheap meal of the week. Now it's less.

65
00:03:00,000 --> 00:03:01,079
Speaker 3: This is news you can use.

66
00:03:01,120 --> 00:03:02,679
Speaker 2: This is better than truck I ask you.

67
00:03:02,760 --> 00:03:03,600
Speaker 1: Yeah, I get a set.

68
00:03:03,680 --> 00:03:07,080
Speaker 4: Well, it's flash casual. They're kind of suffering, you know, Chipotlekava,

69
00:03:07,160 --> 00:03:08,120
Speaker 4: same thing they're not doing.

70
00:03:08,200 --> 00:03:10,640
Speaker 1: Next next name is right down my all any questions

71
00:03:10,680 --> 00:03:10,960
Speaker 1: you have.

72
00:03:12,440 --> 00:03:16,040
Speaker 4: Where people are going it's for the cheaper option like Wendy's. Okay,

73
00:03:16,200 --> 00:03:19,440
Speaker 4: Wendy's take her d w e N. Their share has

74
00:03:19,480 --> 00:03:21,519
Speaker 4: been higher, up as much as seven percent, So it

75
00:03:21,639 --> 00:03:24,080
Speaker 4: looks like fast food is doing better. People are looking

76
00:03:24,080 --> 00:03:28,919
Speaker 4: for deals. Their sales beat estimates declining less than expected. Yeah,

77
00:03:28,919 --> 00:03:31,120
Speaker 4: they're looking for discounted meals. The company is still looking

78
00:03:31,120 --> 00:03:33,760
Speaker 4: for a CEO, which is interesting. Kirk Tanner had left,

79
00:03:33,760 --> 00:03:36,200
Speaker 4: so they have an interim CEO, can Cook. He's kind

80
00:03:36,200 --> 00:03:38,960
Speaker 4: of pulling double duty CFO and c IT and COEO

81
00:03:39,040 --> 00:03:39,640
Speaker 4: at the same time.

82
00:03:39,760 --> 00:03:43,920
Speaker 3: You know that Wendy's double baconator sigh in the control room.

83
00:03:44,000 --> 00:03:47,440
Speaker 3: It's like one a day. I know, okay, double Baconator's

84
00:03:47,520 --> 00:03:49,119
Speaker 3: nine hundred and sixty calories.

85
00:03:49,120 --> 00:03:51,640
Speaker 4: There you go, But what's the price of it.

86
00:03:51,640 --> 00:03:55,360
Speaker 1: That's like the double leases intake all day.

87
00:03:55,480 --> 00:03:57,000
Speaker 4: It is some serious person.

88
00:03:57,280 --> 00:04:04,040
Speaker 3: There's some serious journalism there from from Sweet that's great.

89
00:04:04,040 --> 00:04:05,160
Speaker 3: Where are you going next?

90
00:04:05,440 --> 00:04:10,200
Speaker 4: Uh? Well, zempic No, I'm just kidding. We're going to

91
00:04:10,280 --> 00:04:14,200
Speaker 4: Jack Dorsey's block Okay, sticker xyz. Their shares are taking

92
00:04:14,200 --> 00:04:16,640
Speaker 4: a hit, down as much as fifteen percent. Actually, you

93
00:04:16,680 --> 00:04:18,800
Speaker 4: know the fintech company, right raise, it's full of your

94
00:04:18,839 --> 00:04:21,760
Speaker 4: profit forecast post. It's strong growth consumer banking. But the

95
00:04:21,800 --> 00:04:24,240
Speaker 4: thing is it's third quarter revenues fell short. That's why

96
00:04:24,279 --> 00:04:27,159
Speaker 4: their shares are lower. The third time block you know

97
00:04:27,200 --> 00:04:29,760
Speaker 4: has adjusted guidance this year, and they stumbled back in

98
00:04:29,800 --> 00:04:31,360
Speaker 4: May after it reduced its guidance.

99
00:04:32,440 --> 00:04:36,440
Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with

100
00:04:36,560 --> 00:04:39,120
Speaker 2: us throughout the day for the latest roundup of companies

101
00:04:39,200 --> 00:04:42,279
Speaker 2: making news on Wall Street and for the latest market

102
00:04:42,320 --> 00:04:46,800
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

103
00:04:46,880 --> 00:04:50,359
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with

104
00:04:50,440 --> 00:04:51,919
Speaker 2: the Bloomberg Business app.