WEBVTT - FedEx Tariff Concern; Quantumscape Battery Leap; Coinbase Jumps

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data.

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<v Speaker 2>Paul's Fringing and Tom Keane Here, I'm looking at the

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<v Speaker 2>Stock Movers right now. Stock's on the move with us,

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<v Speaker 2>Lisa Matteo. Lisa, what do you have for your podcast?

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<v Speaker 3>All right, We're going to kick it off with FedEx.

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<v Speaker 3>That's ticker FDx. Its share has been down as much

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<v Speaker 3>as six percent before the Bell War. Than that, it's

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<v Speaker 3>profit will be worse and expected this quarter. What really

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<v Speaker 3>stood out is that FedEx typically provides a full year forecast,

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<v Speaker 3>but it did not offer guidance for the rest of

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<v Speaker 3>the year. They pointed to what they called uncertain global

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<v Speaker 3>demand for the environment, a sign really the impact of

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<v Speaker 3>the trade war on the company. Instead, it expects one

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<v Speaker 3>hundred and seventy million dollar hit this quarter from a

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<v Speaker 3>change in power rules. What happened is to cut demand

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<v Speaker 3>from packages ship to the US from China, and that

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<v Speaker 3>was a big part of it.

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<v Speaker 4>Paul, I think this is so important.

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<v Speaker 2>Fred Smith, with the passing of mister Smith's who invented this,

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<v Speaker 2>no other way to put it, it's just about competition.

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<v Speaker 2>They were alone for decades.

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<v Speaker 4>Yeah, and it's obviously, as you mentioned, on a very

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<v Speaker 4>competitive business.

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<v Speaker 1>But it's such a high fixed.

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<v Speaker 4>Cost business that when demand just ebbs just a little bit,

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<v Speaker 4>what do you do. You've got the planes, you got

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<v Speaker 4>the trucks. I mean, it's just it's kind of like

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<v Speaker 4>that load factor how many packages you can get in there.

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<v Speaker 4>So that's a that's a tough bsiness right there when

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<v Speaker 4>when times are slowly Yeah, and.

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<v Speaker 3>Then you have the competition from Amazon to you on

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<v Speaker 3>top of it. They ended the contract with the post

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<v Speaker 3>Office just about FedEx trucks.

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<v Speaker 2>Stump.

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<v Speaker 4>There's way more Amazon trucks I think than like FedEx

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<v Speaker 4>or even it's just Amazon trucks are everywhere.

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<v Speaker 3>Next, Yeah, transportation, wage expenses, all of that. Okay, I

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<v Speaker 3>want to go to BlackBerry ticker b B. There shares

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<v Speaker 3>up eleven percent before the open. They're talking about not

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<v Speaker 3>talking about the phone with the key bad and you

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<v Speaker 3>know that we used to do with our little thoughts.

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<v Speaker 1>Then do that.

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<v Speaker 3>No, no, no, this is rather the work is a

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<v Speaker 3>security software company. So they boosted its revenue forecast for

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<v Speaker 3>the full year swung to a profit the first quarter,

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<v Speaker 3>better than expected revenue. If you want the specifics, they

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<v Speaker 3>now expect revenue five hundred and eight million to five

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<v Speaker 3>thirty eight million. That's for fiscal twenty twenty six, and

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<v Speaker 3>that's up from its prior guidance. Higher sales guidance also comes.

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<v Speaker 3>The company swung to a profit of one point nine

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<v Speaker 3>million in its fiscal first quarter.

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<v Speaker 4>So it's a tiny company, yeah relative, yeah, exactly.

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<v Speaker 2>The eighteen hundred employees that.

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<v Speaker 4>They survived as a company, that's pretty amazing. Actually they

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<v Speaker 4>were able to get it away from now there what

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<v Speaker 4>they were, you know, a phone.

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<v Speaker 2>You and I have moved down to technology. You still

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<v Speaker 2>have a BlackBerry in the.

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<v Speaker 3>Tour somewhere, don't it somewhere somewhere. But it's interesting you

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<v Speaker 3>say that because you think of like a motorola, right,

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<v Speaker 3>the same thing when you had the flip phone. But

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<v Speaker 3>now they're big on like security stuff too, Like you.

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<v Speaker 2>Never enjoyed wearing a pager and your bill.

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<v Speaker 3>I did have the page, Yes, that was the college

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<v Speaker 3>pager in the quarter. So you can go to the

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<v Speaker 3>payphone and put the money in and call somebody.

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<v Speaker 2>I know, nobody listen what the payphone is?

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<v Speaker 3>Sorry, I gotta go here, Tom. Sorry. Cryptocurrency exchange coin

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<v Speaker 3>based global tickers cooi N. Their shares are up nearly

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<v Speaker 3>five percent, but he closed about twelve percent yesterday, the

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<v Speaker 3>best stock in the S and P five hundred in

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<v Speaker 3>the session. So a few things. You had the Senate

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<v Speaker 3>passing that bill to regulate stable coins in that Genius Act,

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<v Speaker 3>and then you have analysts at Benchmark Capital. They raised

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<v Speaker 3>their price target on the stock. They said, stable coins

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<v Speaker 3>are this major segment of the company's business. We look

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<v Speaker 3>at Bigcoin, they're up about one percent, just above one

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<v Speaker 3>hundred and seven thousand, So I have to also point

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<v Speaker 3>that out too.

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<v Speaker 2>Can I say thank you Gary Gunsler? Yesterday?

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<v Speaker 4>Yeah, that was great.

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<v Speaker 2>It was really informative. And I think of Ken Rogoff's book,

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<v Speaker 2>my book of the Summer in the Bank of International

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<v Speaker 2>Settlements Report, which everybody in the industry is talking about.

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<v Speaker 2>The last three days they were scathing. Yeah, they did that, RAFA.

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<v Speaker 2>They didn't spinning. You know, I just asked Katie.

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<v Speaker 3>Question, what's all meaning exactly? Well, speaking of head spinning,

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<v Speaker 3>this next one, I think I'm going in over my

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<v Speaker 3>head on this one, but we're going to go there

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<v Speaker 3>quantum scape that is ticker qs. The reason why I

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<v Speaker 3>pointed out is because their shares are up like thirty

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<v Speaker 3>seven percent. So it's an EVY battery maker. It announces breakthrough.

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<v Speaker 3>It's a process for making solid state batteries. So they're

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<v Speaker 3>saying this is a breakthrough, this is big. They're integrating

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<v Speaker 3>this advanced Cobra separator process into baseline cell production. Oh

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<v Speaker 3>you know.

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<v Speaker 1>I mean, I'm telling you the Stock Movers podcast from

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