Name: Donald Trump and Hillary Clinton Are Wendy’s Biggest Competitors
Uploaded: 2016-08-11
Duration: 1 min 22 s

So we're gonna do this a little differently. Actually, Steven, you've done this once before. I'm gonna read a quote by a newsmaker and we're gonna kind of react to it, all right? So the first one is Wendy's CEO Todd Penegor. He says, when a consumer is a little uncertain around their future and really trying to figure out what this election cycle really means to them, they're not as zapped To spend as freely as they might have even just a couple of quarters ago. And of course he's talking about kind of the economic uncertainty. Steven, what- I think is kinda like the weather excuse that CEOs use all the time. I think he's right in that, and we've seen it in the market this year. I think he's right that the election's causing some uncertainty. And we've also seen it with kind of corporate spending, which has been slow for a long time, but we don't see a lot of corporations going out and doing some big spends. So, I think that is increasing uncertainty and volatility in the economy. I don't see why that hits fast food sales, but okay. Where's the beef Todd? [ LAUGH ] Yeah. The consumers are zapped. He's getting zapped for this statement, which is- Just ridiculous. I mean he's cited other things as well. But if I'm nervous about the election or feeling anxiety I'm gonna get a Baconator not be too frozen at home to go seek one out. [ LAUGH ] And you're actually right. McDonald's and Dunkin' Donuts actually reported growth at the same time so you're probably right there. [ SOUND ]