Neil Freiman

I mean,

It's doing amazingly.

Its adjusted profit soared 24% to nearly $7 billion in the first three months of the year over last year.

And its first quarter profit was more than twice what the company earned in the previous quarter.

Other companies that reported earnings did really well.

BP, Total Energies from France.

So these Western European countries are seeing a windfall from higher oil prices, which are around $100 from around $60 before the war.

I am confused, for sure, because yesterday morning we got up here and we talked about how the consumer was healthy because Disney and Uber said that people were spending, people were ordering Uber Eats, people were going to Disney's theme parks, watching Disney+, like everything was going well for the consumer despite all these headwinds.

And then you had a rash of companies, including Whirlpool yesterday,

say that actually the consumer is not doing well, and I'll just run through those.

Kraft Heinz CEO said that consumers are, quote, literally running out of money at the end of the month.

They have negative cash flows in the lower income brackets when they're dipping into their savings.

And then Dime Brands Global, which is the owner of Applebee's and IHOP, said our price-sensitive, more value-oriented guests seem to be staying home a bit more.

Planet Fitness said,

had its worst day on record.

It was down 31% because it had weaker than expected.

Members sign up during the New Year period, January through March, which is when people should be or expected to be signing up for the gym.

She said the consumer and economic backdrop have shifted.

Then you also mentioned McDonald's, which said that the consumer is also going down rather than going up.

So we are having a bit of a split screen thing going on with Uber and Disney saying things are hunky-dory and then Whirlpool et al saying that things are actually not okay at all.