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Puma v. Nike: Sportswear Wars Go Global + AT&T Dials Up Bundles
Description
Episode 112: Today, Ann reviews Anta’s plan to buy a 29% stake in Puma - positioning China’s biggest sportswear group to take on Nike as the American sneaker OG struggles through a global turnaround. Then we look at earnings from AT&T and Seagate - the telecom veteran’s stock is up on low churn and the pioneer hard drive maker is innovating its product for AI build. Finally, we look at the latest from the Fed, Corning’s earnings and Starbuck’s turnaround plan.
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00:00 Welcome to Brew Markets Daily
00:20 Puma v. Nike in Sportswear Wars
05:00 Earnings: $T UP ON CONVERGENCE
14:45 Earnings: $STX UP ON HDD
19:10 Market Close - $SBUX $GLW
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