WEBVTT -  Sweetgreen Slides, Figma Tumbles, Hertz Surges

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

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<v Speaker 2>The Stock Movers report, your roundup of companies making moves

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

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<v Speaker 3>I'm Carol Master along with Tim Stanevik. We do want

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<v Speaker 3>to get to some stocks on the move with us

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<v Speaker 3>as Noura Melinda Bloomberg TV Markets correspondent, and she's going

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<v Speaker 3>to start with Sweet Green, which did report after the

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<v Speaker 3>close today.

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<v Speaker 4>It's struggling in the post market, shares of the company

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<v Speaker 4>down about fifteen percent ticker on that as SG now

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<v Speaker 4>the company slash its annual guide. But apart from that,

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<v Speaker 4>everyone's essentially been looking at the whole cyclost spora situation

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<v Speaker 4>and that's really been impacting Sweet Green and a lot

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<v Speaker 4>of other restaurants that serve any sort of lettuce. But

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<v Speaker 4>I will say that Sweet Green has been adamant about

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<v Speaker 4>the fact that they actually don't have any issues in

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<v Speaker 4>their supply chain. But you are still seeing diners really

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<v Speaker 4>apprehensive as to whether or not they want to spend

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<v Speaker 4>what fifteen plus dollars on salad bowl from Sweet Green,

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<v Speaker 4>not knowing whether or not they'll get sick, even though

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<v Speaker 4>it may be you know, partially some of a bit

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<v Speaker 4>of a misunderstanding, but generally the company's really been struggling

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<v Speaker 4>with the fact that prices still remain high in consumers

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<v Speaker 4>are a bit strapped.

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<v Speaker 1>A double whemmy if you will. For Sweet Green, I

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<v Speaker 1>mean the company specifically and its press release calling out

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<v Speaker 1>this updated outlook reflecting reduced consumer demand for fresh prepared

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<v Speaker 1>foods due to the multi state outbreak of cyclospore asis

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<v Speaker 1>since mid July. Yeah, we specifically are saying it's as

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<v Speaker 1>a result of that.

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<v Speaker 3>Yeah, reduce consumer demand, right, I get it. You know,

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<v Speaker 3>if you think about it. We've had these conversations trying

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<v Speaker 3>to figure it out, you know, buying let us in

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<v Speaker 3>a supermarket or so on and so forth, and a

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<v Speaker 3>lot of us are saying, well, we're deleting Greens. But

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<v Speaker 3>if you are even a little nervous, you might say,

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<v Speaker 3>you know what, I'm just going to back off for

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<v Speaker 3>a while.

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<v Speaker 4>I've been to so many lunches and dinners where you know,

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<v Speaker 4>you might be interested in a Caesar salad or any

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<v Speaker 4>sort of salad, and folks are just saying, no, let's

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<v Speaker 4>skip it.

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<v Speaker 3>I just want to add cases of cyclospora parasite infections

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<v Speaker 3>in Michigan are declining. People can resume normal consumption of

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<v Speaker 3>leafy greens. That's according to the state's health department putting

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<v Speaker 3>a report out, and they just see a downward trend

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<v Speaker 3>in the number of related emergency department visits.

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<v Speaker 1>I would love to just I don't know if this

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<v Speaker 1>even would exist or could exist because of liability, but

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<v Speaker 1>I would just love to see sort of a central

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<v Speaker 1>hub like, Okay, avoid this and you'll be fine, right,

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<v Speaker 1>Like we have traced it, you know what I mean.

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<v Speaker 3>Yeah, I think that's part of the scare, right.

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<v Speaker 1>The hard part is that, like I said, scientists have

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<v Speaker 1>a difficult time tracing this because lettuce is so perishable,

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<v Speaker 1>so it doesn't live for very long in the lab

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<v Speaker 1>in order to try to replicate the conditions of where

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<v Speaker 1>this worder could occur, and.

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<v Speaker 3>I did mention Michigan because that's where we saw that

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<v Speaker 3>initial large cluster of infections in the Midwest, all right

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<v Speaker 3>from Sweet Green to where do We Go?

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<v Speaker 4>Trade Desk also down double digits in the postmarket. Trade

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<v Speaker 4>take Our TTD down about twenty two percent. Now, this

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<v Speaker 4>is after the company reported second quarter earnings and a

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<v Speaker 4>third quarter four or cast that both missed expectations. You

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<v Speaker 4>see you know it on the Bloomberg from Bloomberg Intelligence,

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<v Speaker 4>saying that the turnaround plan for this company still remains elusive.

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<v Speaker 4>Shares of the company have really been struggling this year.

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<v Speaker 4>The stock is down about fifty three percent so far

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<v Speaker 4>for twenty twenty six. So we'll have to see whether

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<v Speaker 4>or not this shifts in the morning. But as for

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<v Speaker 4>the post market, investors are not liking this.

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<v Speaker 1>Programmatic ad placement. Yeah, it's been lough.

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<v Speaker 3>Yeah, hey thirty seconds on Airbnb.

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<v Speaker 2>Yeah.

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<v Speaker 4>So Airbnb shares are up about eight percent in the

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<v Speaker 4>post market trading. This is essentially after it lifted his

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<v Speaker 4>twenty twenty six outlook again in the US and also

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<v Speaker 4>cited some demand in Europe.

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<v Speaker 2>The Stock Movers Report from Bloomberg Radio. Check back with

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<v Speaker 3>Yeah