Welcome to Seeking Alpha's Wall Street Breakfast, where we cover the top news for investors every morning.

The middle of the week is already here, two down and two to go.

Today is Wednesday, August 13th. I'm Julie Morgan.

Week sales are drag on Kava. Brazil unveils multi-billion dollar tariffade, and Sam Altman enters the

brain computer competition. Kava Group is on our biggest movers list at this early hour down 22%.

Kava reported that revenue increased 20.3% in Q2 to 278.2 million. The increase was driven by

16 Net Nu Kava restaurant openings during the quarter and same restaurant sales growth of 2.1%,

which fell far below the consensus estimate of a positive 6.1%.-level profit margin fell 20 basis points from a year

ago to 26.3 percent of sales. The fast casual Mediterranean restaurant chain reported adjusted

EBAA was up 17 percent year-over-year to $42.1 million to top the consensus estimate for $40 million.

Kava generated net income of $18.4 million during the quarter after reporting $19.7 million

in net income a year ago. EPS was reported at $0.16 versus 13 cent consensus and 17 cents a year ago.

Looking ahead, Kava Group expects 2025 restaurant comparable sales growth of a positive 4 to 6%

versus a prior outlook for a positive 6 to 8%.

Adjusted Iberda guidance was reiterated at $152 million to $158 million for the full year.

Net new restaurant openings of 64 to 68 are anticipated, which was below the prior guidance.

Brazil announced a package of roughly $5.6 billion in credit and support to help

its exporters navigate the new tariff situation. Washington increased tariffs on many

Brazilian goods to 50 percent, up from 10 percent earlier in August. Reuters reported citing an

interview with a news outlet that Brazil's

president said this was an initial amount to help the exporters, and further packages will also

include support through government purchases. Some key exports such as orange juice and aircraft

...