P&L: The Restaurant Industry Is in a Perfect Storm of Problems
Pimm Fox and Lisa Abramowicz talk to Jonathan Segal, founder and CEO of The ONE Group and STK restaurants, about the impact that uncertainty over Brexit and the election has had on the hospitality industry. Then, Mark Niquette, a politics and national government reporter for Bloomberg News, previews election day. Also, Poonam Goyal, senior U.S. retail analyst for Bloomberg Intelligence, gives a holiday retail forecast and says warm weather could affect department stores' 3Q earnings. Finally, Bloomberg News' Mike McGlone discusses how the election will weigh on commodities.
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