SEC Investigating Trading In Congress // Cheesecake Factory To-Go // Paul LaMonica of CNNBusiness - 10/29 (Hour 2)
The Financial Exchange Show - Podcast autorstwa The Financial Exchange Network
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(1:57) - The SEC is investigating a series of stock transactions from last year by many members of Congress as well as Fed presidents. The guys discuss how elected officials owning and trading stock is a conflict of interest that should be outlawed.(12:43) - More economic data for September was released this morning, and it showed that consumer spending slowed in September while personal income was down 1% for the month.(26:48) - Cheesecake Factory has seen a surge in sales in the last year, with each of the 208 restaurants averaging $3 million in to-go orders. The company said it sold more cheesecake as a percentage of sales than before the pandemic, with many customers ordering late night slices of the treat.(33:36) - Paul LaMonica of CNNBusiness joined the show to review local toymaker Hasbro's Q3 earnings. Will supply chain disruptions mean trouble for the company heading into the holiday season?
