Speaker 1: Bloomberg Audio Studios. Podcasts. Radio. News. The Stock Movers Report.
Speaker 1: Your roundup of companies making moves in the stock market.
Speaker 1: Harnessing the power of Bloomberg data. Let's take a look
Speaker 1: at some of the stocks on the move today.
Speaker 2: We can do that with Bloomberg's John Tucker. John, what
Speaker 2: are you looking at today? Let's start with the dollar
Speaker 2: storage chains. And both of them are providing kind of
Speaker 2: a different takeaway on the state of the retail sector today. That,
Speaker 2: of course, is facing some economic challenges, we'll say. At
Speaker 2: Dollar Tree, the company mostly meeting Wall Street expectations. They
Speaker 2: left the sales growth outlook for the year unchanged. Dollar
Speaker 2: General lifting its view on revenue for this year after
Speaker 2: a quarterly sales beat. Here's a Dollar Tree. They were
Speaker 2: falling in pre-market trading. Dollar General's gain, they hit a high.
Speaker 2: They were up almost 11%. Now, the earnings of these
Speaker 2: chains are offering an important view into shopping habits. They
Speaker 2: often benefit when consumers are cutting back and seeking out
Speaker 2: lower prices. But you know what? Dollar General and Dollar
Speaker 2: Tree have both had pretty good success expanding beyond lower-income shoppers.
Speaker 2: Some of the stores have actually gotten a little fancy.
Speaker 2: Of course, the one by me. I mean, guys, invest
Speaker 2: in a broom, would you? Meta platforms. I was doing
Speaker 2: the affiliate reports yesterday. Everybody had the same question. Why
Speaker 2: is the stock up if they're going to pay $ 16. 7
Speaker 2: billion or close to $ 18 billion? Meta ended Wednesday's session
Speaker 2: up over 1%. investors are kind of relieved that the
Speaker 2: company's only going to pay as much as $ 18 billion.
Speaker 2: If they had lost at trial in this landmark case,
Speaker 2: they would have faced over a trillion, with a T,
Speaker 2: dollars in penalties. And now, of course, we're learning that
Speaker 2: the changes to Instagram and Facebook will apply only to U.S.
Speaker 2: users for now. Did you see who's really going to
Speaker 2: make out here? We were talking about it yesterday, John.
Speaker 1: The lawyers. They set aside $ 10 billion in the.
Speaker 2: Third quarter for legal expenses, charges. And you know what?
Speaker 2: Every kid I know has or is working on a workaround.
Speaker 1: Yes. The minute these things came out, these guardrails came out,
Speaker 1: they went, how can I get out of it? Yeah,
Speaker 1: I'm sure all the little chat groups are all figuring
Speaker 1: out ways. All the little chat groups.
Speaker 2: Oh, geez. But the U.S. settlement does represent something of
Speaker 2: a bellwether for the rest of the world because the U.K.,
Speaker 2: they've announced plans to ban kids under the age of
Speaker 2: 16 from using these apps.
Speaker 1: Australia, too, has very tough restrictions.
Speaker 2: Already in place, and it's been in place for a
Speaker 2: little while, but the results of that are kind of mixed,
Speaker 2: so we'll see. Yeah, and finally... I've got to do Wendy's.
Speaker 2: They're getting a frosty. They have been on the turnaround path. Now,
Speaker 2: this morning, we're hearing that Tryon Fund Management and Nelson Peltz,
Speaker 2: they have no plans to make a bid at this
Speaker 2: time to take Wendy's private. This is according to Reuters.
Speaker 2: Remember earlier in August, those shares got a pop on
Speaker 2: a report that Tryon was preparing an offer with other investors.
Speaker 2: The burger chain did withdraw its 2026 outlook earlier this month.
Speaker 2: They cut its dividend. The new CEO there, Bob Wright,
Speaker 2: is drawing up turnaround plans for the company. Wendy's has
Speaker 2: reported six straight quarters of declining comparable sales. An analyst
Speaker 2: polled by Bloomberg expects the trend to continue. In the
Speaker 2: recent earnings call, Wright said the company's quality had slipped.
Speaker 2: Its value offerings weren't resonating, and service has become inconsistent.
Speaker 1: And you know what? Burger King is capitalizing on that
Speaker 1: because we were just talking about recently how now they're
Speaker 1: the number two burger chain. So they're making a comeback.
Speaker 2: And just because as a public service, I did look
Speaker 2: this up on Google AI. You can make a copycat
Speaker 2: Wendy's Frosty at home using just three simple ingredients, chocolate milk,
Speaker 2: sweetened condensed milk, and whipped topping.
Speaker 1: And we spell sugar? Yes.
Speaker 2: I don't know. Anyway.
Speaker 1: The Stock Movers Report from Bloomberg Radio. Check back with
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Speaker 1: making news on Wall Street. And for the latest market-moving headlines,
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