Disney reported a mixed performance in its latest quarterly results.
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Airlines Prepare For Holidays With Labor Shortage, High Demand
Airlines are gearing up for a busy winter season as they continue to rebound from the pandemic. But jet fuel prices combined with the ongoing labor shortage could put a damper on those holiday gains. Christian Vernet, president of La Compagnie, the only all business class airline in the world, joined Cheddar for an update on the state of the airline industry and how it's dealing with the surge in demand after the U.S. reopened its border to international visitors.
Cadillac To Roll Out First All-Electric Car
Cadillac is launching its first ever all-electric vehicle. The 2023 Lyriq boasts an estimated 300 mile range, $60,000 dollar starting price, a 33-inch advanced LED display, among many other features. The rollout comes as Cadillac has posted record third quarter global sales and plans to become all-electric by 2030. Rory Harvey, vice president of Cadillac, joined Cheddar to discuss what drivers can expect from the Lyriq, and how the brand has been able to deal with the ongoing chip shortage.
New Unemployment Claims Last Week Total 268,000
Octavio Marenzi, Founder & CEO of Opimas, discusses how labor participation is directly correlated with wage pressures and why supply chain issues are having little effect on earnings from the retail sector.
Walmart, Home Depot Post Strong Q3 Earnings Amid Supply Chain Constraints
Philip Palumbo, Founder, CEO & Chief Investment Officer of Palumbo Wealth Management, discusses why wage pressure could impact earnings going forward and talks about the valuation mismatch within the tech sector.
Investors Digest Positive Q3 Earnings Reports From Target, Lowe's
Adam Coons, Portfolio Manager at Winthrop Capital Management, explains why supply chain constraints are the biggest risk to markets and which sectors are poised to outperform if interest rates rise.
Macy's Reports Q3 Earnings Beat. Will Launch Digital Marketplace
Macy's reported a Q3 earnings beat and raked in $5.4 billion in revenue. The department store giant also said it is equipped to handle the expected holiday shopping rush. The company also announced it would be launching its own curated digital marketplace in 2022.
Zumba CEO on Rising Demand for In-Person Training, Balancing Hybrid Fitness Options
Zumba Fitness CEO Alberto Perlman joined Cheddar's "Between Bells" to talk about the rise in demand for in-person training after the company saw a 55 percent jump in scheduled classes over Q3. Perlman noted that while demand for in-person training is increasing, the pandemic exposed a market for at-home sessions that will likely persist even after it ends. "The world is becoming hybrid, and people are finding ways to fit in two workouts a week at home and then three workouts at the gym. And our instructors are perfectly positioned to adapt to those environments," he said.
Sting Looks to Sell Music Catalog for $250M; UMG Leads Buyer List
Sting is the latest recording artist looking to unload his music catalog — for a staggering $250 million. Universal Music Group is said to be at the top of the list of suitors but the pop star's hits could still end up remaining with Sony.
Greenwood Launches GreenBook, an Online Directory of Black and Latino Businesses
Greenwood, a digital banking platform aimed at supporting Black and Latino businesses and clients, is launching its very own GreenBook. Named after the historic publication for Black travelers during the era of Jim Crow, the online guide will provide a directory of Black- and Latino-owned businesses across the country. Ryan Glover, the founder and chairman of Greenwood, joined Cheddar to provide additional details about the listings.
