00:00So we'll see if he owns McDonald's, because that's what I'm starting with.
00:03Ticker symbol MCD, up about 1%, but down 13% year-to-date.
00:08It has been going through it.
00:09So today, McDonald's named a longtime executive, Skye Anderson, president of its U.S. business.
00:17They say they want him to bring focus and urgency to the home market.
00:20Sales growth at U.S. restaurants, they slowed again.
00:24But people who did show up bought pricier items,
00:27so there were higher overall checks at McDonald's.
00:30They're trying to expand their value menu, $4 breakfast, more options, under $3.
00:36Explain how you do a $4 breakfast.
00:39I don't know, especially when everything's going up.
00:42I don't know how to do it.
00:44I mean, who buys more beef in the world than McDonald's, I would think.
00:46I mean, I just don't understand the game plan.
00:51And I think that's what investors have been asking.
00:53But they say they have this multi-year plan.
00:55They want to bring in higher-quality food, hand-breaded chicken.
00:59Interesting.
00:59They want to change restaurant designs.
01:01Hand-breaded chicken, chicken.
01:02Stock down 11%, 12-month return.
01:04Yeah.
01:05All right, here's your caterpillar, Tom, because it is surging 12% here.
01:09And it has really become part of the broader AI trade, right?
01:12So it's a U.S. machinery maker.
01:14We know there are big yellow cats out there on farms across the country.
01:17It reported stronger sales across its businesses.
01:20Sales rose to $20.5 billion.
01:22And here's the thing, a record backlog for equipment orders driven by data center build-outs.
01:29So, you know, Caterpillar was caught up in a recent sell-off in those AI-adjacent stocks
01:34over concerns about the sustainability of CapEx as it relates to AI.
01:38But it's enjoying a nice resurgence here today.
01:41Yep.
01:41All right, Palantir Technologies have to do it because the stock is up 16%.
01:46Not too often you hear a company describe its sales as otherworldly.
01:50Yeah.
01:50But that's what Palantir's CEO is doing.
01:52It's a software developer.
01:54They now expect sales to top $8 billion this year, driven by demand for its data analytics tools.
02:00And there was concern that AI startups like Anthropic would sort of eat Palantir's lunch,
02:04but no signs of that in this earnings report.
02:07Yeah, I love watching his CEO get interviewed on, you know, business TV.
02:12This guy, he has no governor.
02:13He'll say anything, you know.
02:14He'll say anything.
02:15Yep.
02:15It's interesting.
02:16He said Rob, Rob, Rob, for his company.
02:17There you go.
02:18All right, I want to talk.
02:19I know we usually do three.
02:20I'm squeezing in four.
02:21Please.
02:22Wayfair.
02:22Yes.
02:2320 and a half percent.
02:25Wow.
02:25I don't know if you guys shop at Wayfair.
02:26I've never, I had to Google it because I didn't know what Wayfair is.
02:28Oh, no.
02:29Oh, my word.
02:30Mrs. Keene went to it last night.
02:32She's out there buying bar carts for her friends.
02:35Yes, this is what I'm talking about.
02:37Love that about your wife.
02:38Okay, so Wayfair said sales in the U.S. grew at their fastest clip in five years.
02:43It also has brick and mortar stores, which I have to say I didn't know about in Chicago and Atlanta.
02:49And they've got an annual membership now.
02:51Are they like Etsy, E-T-S-Y?
02:54No.
02:54No, no, because they're selling new stuff.
02:56Etsy is usually more like not new.
02:58Or Etsy is more like people make their own stuff.
03:01And have their own storefront.
03:02So this is new merchandise.
03:03But here's the thing.
03:04A lot of these furniture retailers are being hurt by tariffs, by higher fuel costs.
03:09Somehow Wayfair is not.
03:11And there's an analyst who said it's because they don't purchase inventory directly from suppliers.
03:16And they're not the importer of.
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