FAT Brands Bankruptcy, Boeing Sales Surge, GM Profit Jump: Bloomberg Money Minute

Financial Troubles for FAT Brands

• ⚠️ FAT Brands, owner of chains like Fatburger and Johnny Rockets, has filed for bankruptcy protection.
• 📌 The company faces approximately $1.5 billion in outstanding debt and missed interest payments in October.

Boeing's Sales Recovery

• 🚀 Boeing reported a 60% jump in sales last quarter, marking its best quarter since 2018.
• ⚡ This recovery follows a period of crises, including a significant strike.
• 📈 Shares of Boeing are currently up about 2%.

Market Mixed with Notable Earnings and Confidence Drop

• 📉 UnitedHealth Group earnings are weighing down the Dow.
• 📊 Consumer confidence has fallen to its lowest level since 2014.
• 📈 Despite mixed market performance, the Nasdaq is up 1% and the S&P is near record highs, up half a percent.

General Motors' Profit Outlook

• 💰 General Motors shares are soaring, up 9%, with the company expecting $2 billion in profits this year.