Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers podcast, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg data with
Speaker 2: the stock boogers.
Speaker 3: Let's take a look on the move today. I'm Tim Keene,
Speaker 3: was Tim Stunnobek and Bloomberg's Lisa Mateo. Good.
Speaker 4: You gotta add to that those dance moms that have
Speaker 4: to go.
Speaker 1: To Florida brutal.
Speaker 4: So the Disney shares they've been up as much as
Speaker 4: six percent. The reason okay, so it raised its profit
Speaker 4: forecast right, strong performance, theme park streaming TV, so the
Speaker 4: experienced divisions that includes resorts, cruises. It had more visitors, right,
Speaker 4: more people went to California. Yes, yes, the theme park
Speaker 4: he always says, the theme parks is where it is.
Speaker 4: They had that Disney Treasure Ship, that new one in December,
Speaker 4: so that actually helps the more people went out on that.
Speaker 4: You break it down to stream.
Speaker 3: Right.
Speaker 4: They had the price increases on Disney Plus and Hulu
Speaker 4: raising the prices. So Bill, I know, loves to watch
Speaker 4: Disney Plus. How to pay more for that? One more division?
Speaker 4: The movie division, Yeah, that've had one to move FASA,
Speaker 4: the lion King, Tim, you have kids, I'm sure you've
Speaker 4: seen these times.
Speaker 1: We're at blue it's all bloey right now, and that's
Speaker 1: on Disney.
Speaker 4: So see, so it did. The only place where it
Speaker 4: did see a little bit of a fall off was
Speaker 4: sports programming ESPN, but it was less of a fall
Speaker 4: off than people expected and.
Speaker 3: The memory of some of us the more aged was
Speaker 3: Disney basically was ten dollars a share to two hundred
Speaker 3: and eighty whatever.
Speaker 1: Was that the era or the wait wait.
Speaker 3: Wait, wait back and boys, it come down. But I
Speaker 3: guess it's good news, right it is.
Speaker 4: It is very good news. Who didn't have good news?
Speaker 4: That was Uber? Uh. Their shares have been down as
Speaker 4: much as five percent, so weaker than expected quarterly gross bookings,
Speaker 4: that's ride hails, delivery orders, lower gains in the ride
Speaker 4: share business. The reason why this is the CFO pointed
Speaker 4: to strengthening the US dollar against Brazilian, Mexican, Argentine currency,
Speaker 4: so that affected the ride business. But Uber did have
Speaker 4: better than expected results in the delivery unit, so the
Speaker 4: delivery unit did better food correct correct, But the ride
Speaker 4: share business accounts for more than half of its profit
Speaker 4: profit profitability, so that's the issue.
Speaker 3: There is Lift still a player.
Speaker 1: Yeah, Lift is still a player. After market on Thursday,
Speaker 1: they're reporting, and you know what Lisa said about a
Speaker 1: strum dollar.
Speaker 3: After market is a plug for his showy.
Speaker 1: Carol and I will be back on the end of it.
Speaker 1: But you know what you said about the strong dollar
Speaker 1: being a hit to uber could be a gain for
Speaker 1: Lyft because they don't have a very international business, so
Speaker 1: much of their business is based in the US. So
Speaker 1: we'll have to wait and see what.
Speaker 4: Yeah, and it'll be interesting to see how the taxi
Speaker 4: offerings because they've been trying to expand on the taxi offerings,
Speaker 4: but so has Lyft, you know, at the same time,
Speaker 4: so a lot of competition before we go. I want
Speaker 4: to hit quickly. Advanced micro device is super micro computer
Speaker 4: because it's a little like both ends. So you have
Speaker 4: AMD in video's closest rival and AI processors.
Speaker 3: Right.
Speaker 4: Shares were higher. They were up about seven percent after
Speaker 4: it release. Earnings gave this outbeat upbeat out look, but
Speaker 4: the CEO said the new chips are coming out soon.
Speaker 4: It's going to help boost sales. But then the shares
Speaker 4: started to fall off a bit because it said US
Speaker 4: restrictions on sales to China is going to cost about
Speaker 4: one and a half billion dollars in revenue this year.
Speaker 4: So before the bell the shares have been up as
Speaker 4: much as two percent, and then Super Micro Computer their
Speaker 4: shares are the opposite. They're down five percent. Cut its
Speaker 4: net sales guidance for the year. Adis are saying that
Speaker 4: delayed customer purchases they're just weighing on the company's forecast.
Speaker 4: Bloomberg Intelligence also saying that the customers are deferring deals
Speaker 4: to those higher powered in video Blackwell GPUs, so they're
Speaker 4: preferred to go to there instead.
Speaker 3: Can you imagine this conversation in thirty days or sixty
Speaker 3: days with the trade war, Well, ninety days. I have
Speaker 3: no framework for where we are June thirtieth, like in
Speaker 3: terms of what's Walmart doing, what's Target doing? What are
Speaker 3: these right?
Speaker 4: And that's exactly what these companies are saying. They don't
Speaker 4: have an idea, but they have to kind of prepare
Speaker 4: for it.
Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with
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