Opening Bell: September 29, 2025

Workforce & Cost Management - A company significantly reduced its workforce by several thousand through attrition [1] - The company may have reduced its workforce too aggressively, potentially reaching a 75% reduction [1] Cruise Industry Performance - Carnival Corporation (CCL) exceeded expectations with earnings of 143 over 30 [2] - Royal Caribbean has performed exceptionally well, defying expectations of being negatively impacted [2] - Cruise ship rooms are considered inexpensive when viewed as hotel rooms [2] Industry Events - Norwegian Cruise Line is celebrating the arrival of its newest ship, the Allora, in New York City [1] - ArcBest, a freight and logistics company, is celebrating its investor day at the NASDAQ [1]