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Houston, TX
Joined December 2011
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Option Runners retweeted
*LULA WINS BRAZIL PRESIDENTIAL ELECTION IN SURPRISE COMEBACK
$EWZ is down 20%
Option Runners retweeted
U.S. INFLATION SURGES TO 3.7%, BEATING EXPECTATIONS
September CPI rose 0.6% MoM, matching forecasts, while annual inflation hit 3.7% vs. 3.6% expected.
Core CPI climbed 0.3% vs. 0.2% expected, with annual core inflation reaching 2.6% vs. 2.5% forecast.
Gasoline prices surged 9.1%, energy jumped 5.2%, and real earnings fell 0.5%, highlighting renewed pressure on consumers.
Option Runners retweeted
*SAMSUNG 3Q OPER PROFIT 107.40T WON, EST. 108.67T WON
*SAMSUNG 3Q SALES 195.00T WON, EST. 201.9T WON
Uh oh
Option Runners retweeted
TRUMP REJECTS IRAN 7-DAY CEASEFIRE PROPOSAL: WSJ
If he accepted the proposal then he wouldn’t be able to taco out of it. 4D chess
Next taco’s gonna hit different now - new all time highs coming
Option Runners retweeted
U.S. CONSUMER SENTIMENT SLIDES AS INFLATION FEARS RISE
University of Michigan consumer sentiment fell to 48.1 in September from 51.7 in August, though slightly above expectations.
Inflation expectations moved higher, with the 1-year outlook jumping to 4.6% from 4.0%.
Long-term inflation expectations also edged up to 3.4%, signaling persistent concerns over future price pressures.
Option Runners retweeted
Big Wendy's franchisee bankruptcy. Meritage Hospitality Group, one of Wendy's biggest franchisees with more than 300 locations, has declared Chapter 11, adding an enormous name to a growing list of operators seeking Chapter 11. It closed 60 locations earlier this year.
This is pretty straightforward. The company's profits fell 48% last year as Wendy's sales struggled and it lost $11 million due to a new beverage contract. Its lender declared a default last year, and Meritage hired a restructuring specialist this year and then made the decision to seek Chapter 11.
Meritage also stopped serving breakfast at underperforming locations or limited their hours.
Wendy's same-store sales have taken an ugly fall over the past 18 months, with two-year same-store sales down +10% in the first two quarters of this year. The company also said it had to close units in part to improve franchisee finances, and then there was the decision to allow certain operators to pull back on breakfast. $WEN
More here: nrn.com/restaurant-franchisi…
ALT Image courtesy of Wendy's
Option Runners retweeted
US EIA #NatGas Storage Change (BCF) 11-Sep: +44 (est +48; prev +40)
- Salt Dome Cavern NatGas Stocks (BCF): -5 (prev -11)
eia.gov/naturalgas/storage/
