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The cost increases -- hitting the cartel industry and hurting the bottom line.
As Hyatt hotels and MGM reported earnings today Sandra Smith joins us with today's trade -- And expenses.
Hurting Hyatt hotels the -- actually down about 4% right now there -- some good in some bad their occupancy rates were up the average nightly rate was up business travel is bouncing back but.
-- they have some expenses tied to brand launches as well bad debts in legal fees by the way that's a stock that investors are not happy with them a year.
One year basis that's pretty much flat has gone nowhere sitting at about 41 -- change right now.
MGM resorts the other stock that we're watching right now it's down by just about as much down about 4% on the session give you -- one week chart just to give you an idea of the drop that we're seeing in the shares here.
Bit bigger than expected loss.
But -- good in the reason why a lot of analysts still see that this stock is -- after this earnings miss.
Its revenues were up 51%.
And actually they're seeing a lot of growth especially over -- Macau.
They're seeing a lot of foot traffic and a lot of people -- into the hotels and resorts so you -- stocks getting hit hard today the outlook is deftly got itself and the analyst that's great news for the overall economy -- they can't get.
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