1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,320 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,760 --> 00:00:18,239 Speaker 3: Let's take a look at some of the stocks on 5 00:00:18,280 --> 00:00:20,920 Speaker 3: the move today. I'm Paul Sweeney alongside Scarletful and were 6 00:00:20,960 --> 00:00:23,640 Speaker 3: joined by Bloomberg's Alexander Semono. But alex what are you 7 00:00:23,640 --> 00:00:24,000 Speaker 3: looking at? 8 00:00:24,079 --> 00:00:25,759 Speaker 1: It is always great to join you guys. I have 9 00:00:25,840 --> 00:00:28,880 Speaker 1: to point out what mixed signals traders are getting from 10 00:00:28,920 --> 00:00:32,160 Speaker 1: the US economy. Yesterday. Of course we got that Challenger 11 00:00:32,240 --> 00:00:35,279 Speaker 1: report showing big job cuts, but then when you look 12 00:00:35,280 --> 00:00:37,559 Speaker 1: at some of the earnings today, we're getting pretty positive 13 00:00:37,600 --> 00:00:40,440 Speaker 1: signals when it comes to how the consumer is holding up. 14 00:00:40,440 --> 00:00:42,879 Speaker 1: I'm taking a look at Expedia right now. Shares are 15 00:00:42,960 --> 00:00:47,000 Speaker 1: up about sixteen percent after the online travel agency's results 16 00:00:47,200 --> 00:00:50,760 Speaker 1: point to to resilient travel demand. People are still buying 17 00:00:50,800 --> 00:00:54,240 Speaker 1: up tickets vacations, showing that they're spending money, a really 18 00:00:54,240 --> 00:00:56,880 Speaker 1: good signal for the economy. They said that revenue for 19 00:00:56,920 --> 00:00:59,959 Speaker 1: the year is now expected to increase six point five 20 00:01:00,000 --> 00:01:02,520 Speaker 1: five percent at the midpoint. That's up from three to 21 00:01:02,600 --> 00:01:06,840 Speaker 1: five percent previously, and also above analyst estimates. Their CEO 22 00:01:07,000 --> 00:01:09,520 Speaker 1: said it was a combination of performance we had in 23 00:01:09,560 --> 00:01:13,080 Speaker 1: the third quarter and momentum we're seeing in October. Their 24 00:01:13,120 --> 00:01:15,640 Speaker 1: stock was also up about eighteen percent this year three 25 00:01:15,720 --> 00:01:19,720 Speaker 1: yesterday's close pretty incredible. I mean, I feel like after 26 00:01:19,720 --> 00:01:21,880 Speaker 1: the pandemic, everyone was like, I'm just going to travel 27 00:01:21,880 --> 00:01:23,760 Speaker 1: and that's going to be a priority and make money. 28 00:01:23,840 --> 00:01:24,520 Speaker 2: I stop. 29 00:01:24,680 --> 00:01:27,200 Speaker 1: Yeah, I'm going to make sure they put them aside. 30 00:01:26,880 --> 00:01:27,399 Speaker 3: Money for that. 31 00:01:27,520 --> 00:01:29,280 Speaker 2: Yeah, you know, absolutely, let's talk about Airbnb. 32 00:01:29,640 --> 00:01:32,959 Speaker 1: Yeah, also kind of echoing those Expedia results. The stock 33 00:01:33,080 --> 00:01:37,039 Speaker 1: is also slightly higher this morning. They issued a better 34 00:01:37,080 --> 00:01:41,080 Speaker 1: than expected outlook for the holiday quarter, recently also launching 35 00:01:41,440 --> 00:01:45,480 Speaker 1: their reserve now pay Later feature helping fuel demands in 36 00:01:45,520 --> 00:01:47,480 Speaker 1: the US. I guess that's a good thing for now 37 00:01:47,520 --> 00:01:49,800 Speaker 1: because the company's results are doing well, but also racist 38 00:01:49,880 --> 00:01:54,000 Speaker 1: questions about credit and consumers taking on debt with these 39 00:01:54,240 --> 00:01:57,120 Speaker 1: by now pay later features. But so far, so good 40 00:01:57,160 --> 00:02:01,600 Speaker 1: for Airbnb. They reported a Rosie forecast provided by online 41 00:02:01,840 --> 00:02:06,080 Speaker 1: uh Online Demand, and also obviously that echoes the results 42 00:02:06,080 --> 00:02:10,320 Speaker 1: from Expedia Booking all showing resilient consumers. But we do 43 00:02:10,400 --> 00:02:13,000 Speaker 1: have questions, of course, with the government shutdown about flight 44 00:02:13,040 --> 00:02:16,040 Speaker 1: capacity if that continues, especially into the holidays. 45 00:02:16,560 --> 00:02:18,400 Speaker 3: I'm going to get a salad today because it's Friday 46 00:02:18,400 --> 00:02:20,679 Speaker 3: and I do a salad, but I'm not going to 47 00:02:20,680 --> 00:02:21,200 Speaker 3: sweek Green. 48 00:02:21,520 --> 00:02:23,280 Speaker 1: Yeah, it's too hard to order there. 49 00:02:23,639 --> 00:02:24,720 Speaker 3: Talk to us about Sweet Green. 50 00:02:24,800 --> 00:02:27,000 Speaker 1: Apparently, Paul, A lot of people are on the same 51 00:02:27,040 --> 00:02:31,280 Speaker 1: page as they're not going to sweep. I've never heard 52 00:02:31,320 --> 00:02:32,560 Speaker 1: of it, and I have to try it to dude. 53 00:02:32,600 --> 00:02:33,160 Speaker 2: It's a deli. 54 00:02:33,800 --> 00:02:36,040 Speaker 3: Kids don't go there. Yeah, kids don't go there result school. 55 00:02:36,200 --> 00:02:39,120 Speaker 1: I guess people are just not liking the very expensive 56 00:02:39,160 --> 00:02:42,560 Speaker 1: salads that Sweet Green is offering. And they've also been grappling, 57 00:02:42,600 --> 00:02:45,359 Speaker 1: of course we mentioned before with shrink flation, where you're 58 00:02:45,360 --> 00:02:47,760 Speaker 1: getting a lot more a lot less in your salad 59 00:02:47,840 --> 00:02:50,520 Speaker 1: for a lot more money. And accordingly their results are 60 00:02:50,560 --> 00:02:53,400 Speaker 1: showing that the stock is down about nine percent. They 61 00:02:53,440 --> 00:02:56,120 Speaker 1: cut its revenue guidance for the full year and missed 62 00:02:56,160 --> 00:02:59,840 Speaker 1: the average analyst estimates. William Blair also downgraded the stocks. 63 00:03:00,040 --> 00:03:02,359 Speaker 1: That's kind of weighing on it. They cut its full 64 00:03:02,400 --> 00:03:05,040 Speaker 1: yer outlook for the third quarter as results worse than 65 00:03:05,120 --> 00:03:09,120 Speaker 1: citing stubbornly weak demand. Same store sales also fell. It's 66 00:03:09,120 --> 00:03:12,400 Speaker 1: also scaling back its ambitions for more store openings, never 67 00:03:12,480 --> 00:03:15,600 Speaker 1: a good sign, and broadly fast casual restaurants have been 68 00:03:15,600 --> 00:03:19,080 Speaker 1: struggling companies like Chipotle and Kabba also as diners are 69 00:03:19,120 --> 00:03:20,560 Speaker 1: kind of looking for cheaper options. 70 00:03:20,600 --> 00:03:22,560 Speaker 3: I did learn when I was at the store for 71 00:03:22,560 --> 00:03:24,600 Speaker 3: the first time, which was maybe five years ago, the 72 00:03:24,720 --> 00:03:28,400 Speaker 3: term first time I ever heard it protein? What protein? 73 00:03:28,440 --> 00:03:28,920 Speaker 3: Would you like? 74 00:03:29,040 --> 00:03:29,160 Speaker 1: What? 75 00:03:29,240 --> 00:03:32,400 Speaker 3: Excuse me? And they want me Some young Bloomberg employee 76 00:03:32,440 --> 00:03:35,400 Speaker 3: behind me said, Paul, they're asking you want chicken or shrimper. 77 00:03:35,640 --> 00:03:38,440 Speaker 1: It's his own category. Yeah, I didn't know that right, 78 00:03:38,480 --> 00:03:40,680 Speaker 1: because you can also pick tofu, you can pick shrimps, 79 00:03:41,120 --> 00:03:41,760 Speaker 1: pick salmon. 80 00:03:42,320 --> 00:03:44,360 Speaker 3: I learned something. The protein there you go. 81 00:03:44,520 --> 00:03:46,120 Speaker 1: Then you add on like ten dollars to that. 82 00:03:46,880 --> 00:03:47,080 Speaker 2: You go. 83 00:03:47,240 --> 00:03:48,240 Speaker 3: See, that's how they get you. 84 00:03:49,160 --> 00:03:53,200 Speaker 2: The Stock Movers report from Bloomberg Radio. 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