Jersey Mike's Subs' CEO Charlie Morrison waits for his company's IPO on the floor of the New York Stock Exchange, Thursday, July 30, 2026, in New York. (AP Photo/Yuki Iwamura)

Jersey Mike's Subs' chairman of the board of directors Peter Cancro, left, and Eli Manning, right, pose with a ceremonial bell before the planned IPO of Jersey Mike's Subs on the floor of the New York Stock Exchange, Thursday, July 30, 2026, in New York. (AP Photo/Yuki Iwamura)

A trader works on the floor of the New York Stock Exchange, Thursday, July 30, 2026, in New York. (AP Photo/Yuki Iwamura)

NEW YORK, NEW YORK - JULY 30: People walk through a shopping district on July 30, 2026 in the Quensborough of New York City. The Commerce Department reported on Thursday that the U.S. economy only expanded at a 1.5% pace from April through June, as inflation from the war with Iran continues to weigh on the economy. Consumer spending, which accounts for 70% of U.S. economic activity, increased at a 3.2% pace. (Photo by Spencer Platt/Getty Images)

NEW YORK, NEW YORK - JULY 30: People walk through a shopping district on July 30, 2026 in the Quensborough of New York City. The Commerce Department reported on Thursday that the U.S. economy only expanded at a 1.5% pace from April through June, as inflation from the war with Iran continues to weigh on the economy. Consumer spending, which accounts for 70% of U.S. economic activity, increased at a 3.2% pace. (Photo by Spencer Platt/Getty Images)

NEW YORK, NEW YORK - JULY 30: People walk through a shopping district on July 30, 2026 in the Quensborough of New York City. The Commerce Department reported on Thursday that the U.S. economy only expanded at a 1.5% pace from April through June, as inflation from the war with Iran continues to weigh on the economy. Consumer spending, which accounts for 70% of U.S. economic activity, increased at a 3.2% pace. (Photo by Spencer Platt/Getty Images)

NEW YORK, NEW YORK - JULY 30: People shop at an Apple store in lower Manhattan on July 30, 2026 in New York City. The Commerce Department reported on Thursday that the U.S. economy only expanded at a 1.5% pace from April through June, as inflation from the war with Iran continues to weigh on the economy. Consumer spending, which accounts for 70% of U.S. economic activity, increased at a 3.2% pace. (Photo by Spencer Platt/Getty Images)

NEW YORK, NEW YORK - JULY 30: People shop in a clothing store in lower Manhattan on July 30, 2026 in New York City. The Commerce Department reported on Thursday that the U.S. economy only expanded at a 1.5% pace from April through June, as inflation from the war with Iran continues to weigh on the economy. Consumer spending, which accounts for 70% of U.S. economic activity, increased at a 3.2% pace. (Photo by Spencer Platt/Getty Images)