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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: This is the closing bell on this stock movers report.

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Speaker 2: The company's making moves at the close of US trading

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Speaker 2: with Carol Master, Tim Stenebeck, Romain Bostick, and Scarlett Foo.

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Speaker 1: We are of course getting some earnings as well, including

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Speaker 1: from United. Let's get right to it as we see

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Speaker 1: those shares bounce around in the after hours traded with

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Speaker 1: the company saying second quarter adjusted EPs coming in at

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Speaker 1: three dollars and eighty seven cents a share. That's a

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Speaker 1: beat of about three cents. As far as revenue, the

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Speaker 1: company basically does say that the revenue did come in

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Speaker 1: above estimates, with operating revenue at fifteen point two billion

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Speaker 1: dollars and passenger revenue at thirteen point eight four. That

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Speaker 1: we should point out passenger revenue is a slight miss.

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Speaker 1: The street was looking for thirteen point nine to two

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Speaker 1: the guidance for the third quarter, the current quarter that

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Speaker 1: we're in right now, with justindps two twenty five to

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Speaker 1: two seventy five. That's the range the company is giving.

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Speaker 1: The high end of that range, two seventy five is

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Speaker 1: above the average of street estimates for two dollars and

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Speaker 1: sixty five cents a share.

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Speaker 3: And we're seeing shares of United kind of bounce around that.

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Speaker 3: We're down about one percent now slightly higher as well.

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Speaker 4: Well.

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Speaker 3: When you look at that guidance, what strikes me is

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Speaker 3: that the full year adjusted EPs of nine dollars to

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Speaker 3: eleven dollars the midpoint of that is higher than the consensussessment.

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Speaker 3: But when you look at what they have for this quarter,

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Speaker 3: the third quarter, that is a little bit lighter than

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Speaker 3: what analysts had been anticipating. So perhaps things getting pushed

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Speaker 3: out to the fourth quarter rather than seeing any kind

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Speaker 3: of blue skies immediately.

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Speaker 5: Some really interesting commentary in the press release, the company's

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Speaker 5: saying that beginning in early July, United has seen a

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Speaker 5: sequential six point acceleration in demand and a double digit

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Speaker 5: acceleration in business demand versus the second quarter. The airline

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Speaker 5: attributes this to less geopolitical and macroeconomic uncertainty and has

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Speaker 5: updated its full year adjusted diluted EPs guidance to nine

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Speaker 5: dollars to eleven dollars, underscoring the resilience of United's brand loyal,

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Speaker 5: revenue diverse businessiness model. The company also said that in June,

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Speaker 5: United at Newark and This was a big question given

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Speaker 5: the challenges that Newark had. They said they led all

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Speaker 5: other major airlines and on time performance and lowest seat

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Speaker 5: cancelation rate at all New York City area airports.

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Speaker 4: I'm curious to know our airline valuation is attracted at

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Speaker 4: current price multiples or are some carriers better positioned like

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Speaker 4: Alaska or legacy carriers like United? And how are allians

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Speaker 4: managing non fuel costs like labor, maintenance, loyalty programs which

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Speaker 4: we all love. And lastly, I mean, is technology, especially

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Speaker 4: AI really helping.

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Speaker 3: Yeah, these are all good questions, and these are all

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Speaker 3: things that strategically investors will want answers to. But in

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Speaker 3: the immediate here and now, the focus is going to

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Speaker 3: be on the fact that this full yeard Just cityps

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Speaker 3: is a lowered range than what it had previously seen

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Speaker 3: nine to twe eleven dollars, whereas previously it expected eleven

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Speaker 3: dollars fifty cents to thirteen fifty. So again keeping an

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Speaker 3: eye on those shares. As for the trade today on Wednesday,

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Speaker 3: it was a really interesting day because the SMP five

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Speaker 3: hundred was bound around but in the last two or

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Speaker 3: three hours we saw a steady rise higher, and by

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Speaker 3: the end of the day, look at the IMAP, you

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Speaker 3: only have three sectors in the red energy stocks down

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Speaker 3: about eight tens of one percent, and communication services and

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Speaker 3: consumer discretionary basically little change. Healthcare reads and financials were

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Speaker 3: your top gainers on the day, all right.

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Speaker 5: I had to quite a get few gainers to choose from.

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Speaker 5: I want to start with Johnson and Johnson, one of

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Speaker 5: the best performing stocks in the S and P five hundred.

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Speaker 5: The company beat sales expectations and raised its full year outlook.

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Speaker 5: It showed confidence even as the pharmaceutical industry faces threats

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Speaker 5: of tariffs and a crackdown on drug pricing. Shares hy

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Speaker 5: today by about six point two percent. The company increased

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Speaker 5: the midpoint of its twenty twenty five revenue projection. It

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Speaker 5: raised the midpoint of its full year adjusted earning XAL look.

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Speaker 5: Sales in the quarter reached twenty three point seven billion.

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Speaker 5: That was ahead of the average estimate from analysts. Also

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Speaker 5: watching what happened with asset management stocks today, in general,

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Speaker 5: they moved higher, including Apollo Global Management. The Drum administration

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Speaker 5: finalized an executive order that would pave the way for

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Speaker 5: four on one retirement savings plans to invest in private equity. This,

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Speaker 5: according to people familiar with the matter. Shares of Apollo

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Speaker 5: ticker APO up four point eight percent today, And finally,

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Speaker 5: quantum computing stock Rigghetti Computing. It's typically among the most

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Speaker 5: actively traded stocks, but even for a stock that's actively

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Speaker 5: traded regularly, this was a day about performance. Shares Search

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Speaker 5: today more than thirty percent. This after the company said

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Speaker 5: in a press release that its succeeded in demonstrating the

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Speaker 5: largest multi chip quantum computer in the industry. This milestone

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Speaker 5: is a two x reduction in the median to quibbit

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Speaker 5: gate error rate from previous best results in its eighty

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Speaker 5: four quibbitt single chip ANKO three system. I don't know

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Speaker 5: exactly what that means, yeah, but investors, we're pretty excited

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Speaker 5: about it. I was going to have you translated for me, Trum.

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Speaker 5: I know you're like big into these quantum stocks.

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Speaker 1: Yeah, I am, actually I know.

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Speaker 4: Okay, So now it's sign for the clienters. We have

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Speaker 4: Foward down by two and a half percent. The car

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Speaker 4: maker says it is recalling almost seven ordred thousand vehicles

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Speaker 4: to address a long running issue over cracking in an

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Speaker 4: autopart that can lead fuel into the engine and cost fire.

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Speaker 4: So the action applies to a certain broncos sport and

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Speaker 4: escape models from twenty twenty to twenty twenty four. Next

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Speaker 4: we have Bank of America ticker is BAC. Shares are

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Speaker 4: kind of flat but down by two tens to one percent,

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Speaker 4: so the stock edged between gains and losses but ended

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Speaker 4: in the red. We have the bank reporting trading revenue

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Speaker 4: that beat analyst estimates, but we have ever Core seeing

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Speaker 4: that the result was largely in line and not overly exciting,

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Speaker 4: with trading revenue better than expected and tax rate lower

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Speaker 4: than expected. And last we have Amazon, so lots of

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Speaker 4: headline for this stock. It's down by one and a

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Speaker 4: half percent. Amazon carbon emissions rose for the first time

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Speaker 4: in three years in twenty twenty four. We have environmental

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Speaker 4: watchdogs really watching this key metric. CrowdStrike also expanded its

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Speaker 4: collaboration with AWS. And lastly, the third headline for Amazon

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Speaker 4: Kantor Fitzgerald raising their target and Amazon to two sixty

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Speaker 4: dollars from two forty dollars.

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Speaker 1: All right, let's check in on yields because it was

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Speaker 1: a really interesting day. We talk about the idea that

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Speaker 1: a lot of the knee jerk reaction to some of

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Speaker 1: those headlined on power did get reverse, not necessarily. So

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Speaker 1: when it comes to the treasury market, you did see

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Speaker 1: yields go down across the board. But what is interesting,

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Speaker 1: you actually saw the yield curve steepen for a fourth

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Speaker 1: straight session. And it's a significant seepening as well, because

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Speaker 1: you talk about this idea here that with a lot

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Speaker 1: of this now weighted back towards the front end of

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Speaker 1: the curve, what exactly our investors pricing in. They may

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Speaker 1: not be fearful of how being removed prior to his

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Speaker 1: May twenty twenty sixth term ending, but they are concerned

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Speaker 1: about how the political pressure might influence the decisions going forward,

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Speaker 1: in the decisions after, and what that might mean for inflation.

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Speaker 2: This stock mover's report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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