WEBVTT - Cracker Barrel Shares Jump; StubHub Slides; Trade Desk Talks With OpenAI

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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 1>Let's take a look at some stocks on the move today.

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<v Speaker 1>Alexis Christofers, what do you have? Alexis?

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<v Speaker 3>All right, I didn't bring you all chicken with gravy,

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<v Speaker 3>but I'm going to start with Cracker Barrel. That stock

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<v Speaker 3>is up nine percent today, up about twenty percent year

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<v Speaker 3>to date. So it's bouncing back from that debacle with

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<v Speaker 3>the new logo, which really turned off a lot of people.

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<v Speaker 3>It's turnaround efforts starting to take shape. Posted second quarter

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<v Speaker 3>revenue that beat estimates. Now, don't get yourself. Traffic is

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<v Speaker 3>still down significantly at Cracker Barrel is down ten percent

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<v Speaker 3>year over year, but those who are visiting are apparently

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<v Speaker 3>having a better time. Google star rating actually, oh that

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<v Speaker 3>was the thing. Yeah, call it down, Okay, yeah, the

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<v Speaker 3>Google start. They see this on the on the call

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<v Speaker 3>this morning. Google star rating rose to four point two percent,

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<v Speaker 3>highest mark since just before the pandemic. They love the

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<v Speaker 3>new all menu offerings. First of all, country fried Turkey

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<v Speaker 3>sold out fan favorite.

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<v Speaker 1>I couldn't get it could you hate this Tom trying

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<v Speaker 1>to get Jimmy's No. I was out there and the

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<v Speaker 1>Smeeds took me out to breakfast and Cole Smeith great

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<v Speaker 1>value managers, and he says, come on, let's go to

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<v Speaker 1>le Berrel to crack. And so there we are North

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<v Speaker 1>twenty sixth Avenue in Phoenix. It was divined. He did

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<v Speaker 1>not have the turkey. It was sold out.

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<v Speaker 3>Yeah, because it was sold out. Country boy breakfast with

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<v Speaker 3>country ham business and gravy.

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<v Speaker 1>That's my go to, fionda, have you ever darkened the

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<v Speaker 1>door of a cracker barrel? There? You fairy good? We'll

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<v Speaker 1>get to field regular moment next to the stock moves

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<v Speaker 1>all right.

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<v Speaker 3>Stub Hub it is down fifteen percent today, off about

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<v Speaker 3>twenty five percent year to date. Look, there's no tailor

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<v Speaker 3>swift effect here. There's no swift tour to help boost sales.

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<v Speaker 3>So stub hub reported a fourth quarter net loss that

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<v Speaker 3>issued soft earnings guidance. Revenue fell sixteen percent. Lawmakers also

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<v Speaker 3>here in New York and in California have rolled out

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<v Speaker 3>legislation proposing a cap on resale ticket prices, and the

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<v Speaker 3>UK announced new rules making it illegal to resell tickets

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<v Speaker 3>for live events above the original costs mean I can

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<v Speaker 3>tell you, as a family of five it's really tough

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<v Speaker 3>to take them anywhere as a group to see anything

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<v Speaker 3>because ticket prices are out it.

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<v Speaker 1>Can I do a surveyans correction in the middle of

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<v Speaker 1>stock movers, Yes, don't do it? Do it? In the

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<v Speaker 1>Zeitgeist down in Phoenix, was Taylor broke up with Kelsey? No? No?

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<v Speaker 1>And Ai is telling me absolutely not. Ocean House Resort,

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<v Speaker 1>watchill Rhode Island, count on it a wedding. Oh snarky

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<v Speaker 1>stuff is wrong. Yeah, we up to have team covered

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<v Speaker 1>through that one more quickly.

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<v Speaker 3>In Trade Desk rocketing twenty two percent, there's a report

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<v Speaker 3>out there that open ai has held early talks to

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<v Speaker 3>partner with the Trade Desk to help it sell ads

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<v Speaker 3>on its flagship chat GPT platform. The stock had slumped

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<v Speaker 3>sixty three percent over the past year, was the worst

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<v Speaker 3>performer of the S and P five hundred in that time.

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<v Speaker 3>So this would be if it happens, this deal with

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<v Speaker 3>open Ai be a big deal, you know for Trade Desk.

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<v Speaker 2>This stock mover's report from Bloomberg Rating. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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