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Nike Stock Tumbles: China and Converse Drag Growth Down

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Nike warned that sales will decline this quarter amid persistent weakness in China and at its Converse brand. The world’s largest sportswear company expects revenue to be down in the low-single digits in the three months that started Dec. 1, a surprising turn after two straight periods of growth. Bloomberg’s Jennifer Creery reports.
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Oil Jumps as Markets Await Middle East Clarity | Closing Bell

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Comprehensive cross-platform coverage of the U.S. market close on Bloomberg Television, Bloomberg Radio, and YouTube with David Gura, Isabelle Lee, Norah Mulinda and Tim Stenovec.
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Odd Lots: How Anti-trust Laws Work for Franchise Restaurants

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For decades, the franchise business model has allowed independent operators to license trademarks from businesses like McDonald’s or Dunkin Donuts and changed the way Americans are employed.

Brian Callaci, chief economist of the Open Markets Institute, joins Tracy Alloway and Joe Weisenthal on the Odd Lots podcast to discuss how legal battles fought by franchises eventually opened the door to what’s now known as the gig economy.
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Iran War Update: Trump Says Oman Hasn’t Behaved Very Well (Q&A)

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Trump spoke to reporters in the Oval Office saying Oman hasn’t behaved well, “but we’d handle them very easily.” He also touched on possible talks with North Korea, when asked if Kim had replied to entreaties for talks, Trump said “he has” without elaborating. The president called the development “very positive.” The White House did not immediately respond to a request for further details.
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Why is there a sardine shortage?

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On this episode of the Odd Lots podcast, Fishwife CEO Becca Millstein tells Tracy Alloway and Joe Weisenthal about tinned sardines and what she considers one the biggest problems threatening that supply chain.
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Big Take: The situation at Situational Awareness

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On today’s Big Take podcast, hedge fund reporters Katherine Burton and Hema Parmar join Sarah Holder to break down the rise of 24-year-old ‘Nostradamus of AI’ Leopold Aschenbrenner, the meltdown of his hedge fund Situational Awareness and whether the episode exposes broader hedge fund vulnerabilities.
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