says,"We were surprised when we ran our survey of travel that the consumer was actually very much planning on spending on travel." She continues,"Even if they were pulling back on goods, they were still spending on travel, they were still spending on leisure. They wanted to go and do, but they were showing signs of selectivity.") posted second quarter earnings after the market close on Thursday, topping revenue expectations with $13.5 million versus the expected $13.
And by that, I mean, is that when we started off this year, we anticipated that there would be moderation in the consumer.And we were surprised when we ran our survey of travel that the consumer was actually very much planning on spending on travel. The exception is in cruise lines where the bookings are done way in advance where consumers are booking for a cruise next year and booking rates are at record levels are there because I know I know you know that sector so well, Jody are there certain, are there certain cruise lines that you think are are better positioned than others right now to in terms of just the the the backdrop the macro?So we've been very adamantly pounding on the table that the cruise line story is one of credit...
So maybe they feel like they're more recession proof or they, they won't necessarily feel this as much. I think with the economic narrative now, I think zooming out and sort of what do economists say about this number and the data we're gonna need to see more.I think it actually might have been a bigger saying, why are we any tragedy you're reading kind of voicing.You're feeding me to take away too, which is more signs of an uneasy market.
Uh So first, as someone who's been in this field for over 20 years, I can tell you that um uh the technology of J A is real is magical and it's gonna change a lot of things. Uh So the analogy is we had IOS and Android in the mobile era and that, you know, that was the high for one or two years and then for more than a decade, it was apps and apps and apps and companies building these amazing apps, great businesses value creation.So there was infrastructure of A I now it's going to be companies that are building experiences on top of it.
So, in, in, in the near future, not far future, uh when you go to a driver of a service restaurant, uh you will be dealing with an A I uh not, not the employee of the restaurant.They're building, they're creative food and they packaging it and they're also taking the order and it's not good for them.And if you can automate that and we can do that really well with A I and we are in multiple brands and the feedback is amazingly positive.
And as you see, it actually is creeping up to an area that is consistent with past recessions, the 2020 recession, the financial crisis, and then you go back further. Um I think probably the miss in expectations for payroll is coupled with, you know, that, that two, that 20 basis point jump in the unemployment rate was probably where a lot of the fear started to kick in.
So another view here, Josh, looking specifically through the prism of the labor numbers at what's kind of seems to be coalescing into consensus here among the people we've talked to that there is an economic slowdown, but it doesn't yet look like a recession, at least that seems to be the majority view.Rivian second generation of its flagship lineup is ready for review.Yes and no.Caribbean compared to the, the truck is, was a world beater when it came out.
Shares of Sweet Green on a tear, the salad chain raising its full year outlook for same store sales after a solid second core companies 184.6 million in revenue beating estimates though it posted a wider than expected loss for the period.CEO saying he expects the acquisition of Borderlands developer Gearbox to be lucrative.
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