1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,840 --> 00:00:19,040 Speaker 1: I'm Carol Master along with Tim Staneveeck. Let's get to 5 00:00:19,160 --> 00:00:21,200 Speaker 1: some stocks on the move today. We're joined by Bloomberg 6 00:00:21,239 --> 00:00:24,480 Speaker 1: News Process that reporter Deniza Sikova. She's in our studio. 7 00:00:25,040 --> 00:00:25,920 Speaker 1: Where shall we begin? 8 00:00:26,200 --> 00:00:29,360 Speaker 3: We should start with Fourth After Hours announced the sweeping 9 00:00:29,480 --> 00:00:34,160 Speaker 3: overhaul of its EVY business. The press tag is pretty amazing. 10 00:00:34,200 --> 00:00:38,080 Speaker 3: The strategic the strategic shifts will result in nearly twenty 11 00:00:38,200 --> 00:00:41,960 Speaker 3: billion in charges. They've been obviously struggling with this business 12 00:00:41,960 --> 00:00:44,760 Speaker 3: for a while to make it profitable. The majority of 13 00:00:44,800 --> 00:00:47,000 Speaker 3: those charges will come in the fourth quarter, so they're 14 00:00:47,040 --> 00:00:50,199 Speaker 3: not yet appearing. The ticker is F the stock. We're 15 00:00:50,240 --> 00:00:52,640 Speaker 3: not seeing a massive reaction, but it was up about 16 00:00:53,320 --> 00:00:56,200 Speaker 3: one percent in After Hours. As part of the plan, 17 00:00:56,280 --> 00:01:00,600 Speaker 3: the automaker is canceling a plant electric f Serious, It's 18 00:01:00,640 --> 00:01:03,280 Speaker 3: making a lot of changes. It's interesting how much money 19 00:01:03,280 --> 00:01:06,880 Speaker 3: that division has been losing. Fourth lost about five billion 20 00:01:07,240 --> 00:01:10,560 Speaker 3: in its IVY division last year and expect losses could 21 00:01:10,600 --> 00:01:13,760 Speaker 3: be worth this year. There is a fun AI twist. 22 00:01:14,240 --> 00:01:17,560 Speaker 3: One of the most promising options is converting IVY battery 23 00:01:17,640 --> 00:01:21,160 Speaker 3: plants to produce sales for stationary storage, and that's what 24 00:01:21,200 --> 00:01:24,759 Speaker 3: they're doing in one plant in Kentucky. It's it's pretty interesting. 25 00:01:25,720 --> 00:01:29,199 Speaker 1: It's a big shift, huge shift. Yeah, it's pretty massive, 26 00:01:29,240 --> 00:01:31,480 Speaker 1: But I don't think we're all surprised because we've seen 27 00:01:31,680 --> 00:01:35,319 Speaker 1: kind of where the carmaker is, certainly the you know, 28 00:01:35,560 --> 00:01:38,319 Speaker 1: the US automakers, where they've been going and shifting in 29 00:01:38,360 --> 00:01:40,200 Speaker 1: terms of priorities. All right, where shall we go. 30 00:01:40,959 --> 00:01:43,720 Speaker 3: Let's go to zero. Pretty tough day. The stock drop 31 00:01:43,760 --> 00:01:46,760 Speaker 3: as much as thirteen percent. It closed eight percent lower. 32 00:01:46,880 --> 00:01:50,680 Speaker 3: It's coming off. Google just testing a new real estate 33 00:01:50,720 --> 00:01:54,240 Speaker 3: advertising format. It's not only Zeol, which ticker is ZG. 34 00:01:55,080 --> 00:01:57,400 Speaker 3: We saw cos Star Group also. It felt as much 35 00:01:57,440 --> 00:02:00,800 Speaker 3: as seven percent on the news. It's like, it's very vague, 36 00:02:00,800 --> 00:02:02,840 Speaker 3: we don't know really what's happening. Google is putting for 37 00:02:03,080 --> 00:02:07,240 Speaker 3: sale listings directly into search results. This is just a 38 00:02:07,280 --> 00:02:10,639 Speaker 3: feature currently a test, and it's life in only a 39 00:02:10,720 --> 00:02:13,919 Speaker 3: limited number of markets. But we saw quite a reaction 40 00:02:14,320 --> 00:02:16,880 Speaker 3: on something that's just being tested. Zero, of course is 41 00:02:16,880 --> 00:02:20,360 Speaker 3: down eight percent year to date, so perhaps there was 42 00:02:20,480 --> 00:02:23,799 Speaker 3: already some anxiety there that said, Wall Street strategies are 43 00:02:23,840 --> 00:02:26,960 Speaker 3: not so worried. There is dismissing the stock reaction. For example, 44 00:02:27,160 --> 00:02:32,520 Speaker 3: RBC is saying that the fears surrounding zero are overblown, bluroing. 45 00:02:32,560 --> 00:02:36,079 Speaker 3: THEAR is taking a more balanced stance, saying that Google's 46 00:02:36,080 --> 00:02:40,400 Speaker 3: home listing tests could pressure growth at Zeo and Open Doors. 47 00:02:40,400 --> 00:02:42,600 Speaker 3: So maybe eventually that would be actually a good thing 48 00:02:42,639 --> 00:02:45,280 Speaker 3: for the companies, But too early to say anything. It's 49 00:02:45,320 --> 00:02:46,080 Speaker 3: just a test, all right. 50 00:02:46,200 --> 00:02:47,560 Speaker 1: Just get about thirty seconds. 51 00:02:47,639 --> 00:02:51,680 Speaker 3: Last name chocolate, great dare for her. She's the stock 52 00:02:51,760 --> 00:02:54,440 Speaker 3: gained more than three percent. It's coming off a Morgan's 53 00:02:54,480 --> 00:02:58,280 Speaker 3: Daily recommendation, a pretty simple The company is post for 54 00:02:58,440 --> 00:03:02,240 Speaker 3: multi years earning Street covy. The chocolate category has been 55 00:03:02,240 --> 00:03:07,280 Speaker 3: doing very well. Company has innovation. They're delivering at least 56 00:03:07,280 --> 00:03:10,480 Speaker 3: two percent organic sales growth, so very optimistic. And one 57 00:03:10,520 --> 00:03:14,359 Speaker 3: cool thing about Goop drugs, they're saying that despite more 58 00:03:14,400 --> 00:03:18,320 Speaker 3: people using them, consumers still continue to indulge from time 59 00:03:18,360 --> 00:03:21,960 Speaker 3: to time, which is keeping which is keeping chocolate consumption. 60 00:03:22,040 --> 00:03:26,840 Speaker 2: They would say, from time to time is enough. 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