WEBVTT - Johnson & Johnson Drops, Kraft Heinz Declines, Nathan's Famous Surges

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

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<v Speaker 2>This Stock Movers report your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data

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<v Speaker 2>and Tim Statterback.

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<v Speaker 1>Along with Carol Masser, let's take a look at some

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<v Speaker 1>stocks on the move today. We're joined by Bloomberg News

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<v Speaker 1>earning specialist Rachel Wha. She joins us here, a lot

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<v Speaker 1>of stocks moving. Yeah, hard for me to find decliners

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<v Speaker 1>on a day like today.

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<v Speaker 3>You found some, Yeah, So, I mean, I think the

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<v Speaker 3>one of you all know about is Johnson and Johnson,

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<v Speaker 3>what it's famous for, has kind of gotten it into

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<v Speaker 3>a bit of a trouble and shares a kind of

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<v Speaker 3>largy training lower today despite its pretty good earnings. And

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<v Speaker 3>that's because it kind of lost its a key coot

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<v Speaker 3>battle tied to his baby powder litigation. Now experts me

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<v Speaker 3>be called to testify it as top products cost cancer whish.

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<v Speaker 3>More than seventy lawsuits have claimed D and J says

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<v Speaker 3>is planning to appeal the court decision. But yeah, we

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<v Speaker 3>kind of you know, I don't think investors are very

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<v Speaker 3>happy about that. And still, I mean, J and D

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<v Speaker 3>did issue better than expected guidance for twenty twenty six today,

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<v Speaker 3>and it says that it's likely to be driven by

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<v Speaker 3>cancer drug sales, and it kind of shows that Trump's

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<v Speaker 3>demands for that these farmer firms lower their prices may

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<v Speaker 3>not hurt earnings as much as investors thought.

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<v Speaker 4>But at their lows they were down more than three percent. So,

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<v Speaker 4>you know, I'm just I'm doing a quick gip on

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<v Speaker 4>the Bloomberg and it looks like like so much of

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<v Speaker 4>the market that was down, it definitely popped off its

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<v Speaker 4>lows on that headline from President Trump. It seems like, yeah,

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<v Speaker 4>we see, all right, So where do you want to

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<v Speaker 4>go next?

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<v Speaker 3>Yeah, so I think craft heinds it's not a household

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<v Speaker 3>name that we've been hearing a lot about today. Take

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<v Speaker 3>a KHC. So the company is also down after a

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<v Speaker 3>report that Booksher Hathaway wants to sell it's nearly thirty

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<v Speaker 3>percent stick in the company. This move effectively and Booksh's

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<v Speaker 3>long and trouble investment in the company. You know, cough

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<v Speaker 3>Heines is underperformed for the past decade. Shares have fallen

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<v Speaker 3>more than seventy percent since the end of twenty seventeen,

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<v Speaker 3>and investors say that Booksher's move reinforces the idea that

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<v Speaker 3>koff Heinz's plan break up rough. You know, they kind

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<v Speaker 3>of doubt whether they were actually revived.

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<v Speaker 1>Growth great, Yeah, a big move from greg Abel really

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<v Speaker 1>early ones. Tenures, twenty one days in there. Okay, this

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<v Speaker 1>one is my favorite because I have to tell.

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<v Speaker 4>You you made me do it.

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<v Speaker 1>I full disclosure. I had no idea that Nathan's Famous

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<v Speaker 1>was a publicly traded company.

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<v Speaker 3>Yeah yeah, I mean it's pretty small. It has a

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<v Speaker 3>market cap of well.

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<v Speaker 2>Did you I didn't.

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<v Speaker 3>I just know I've had.

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<v Speaker 4>Well, well long time. I mean to a long time ago.

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<v Speaker 4>I went to a mall. Okay, what do you got?

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<v Speaker 3>Yeah, So, I mean for the curious, it's took us

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<v Speaker 3>an at h You know, it's a small company, like

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<v Speaker 3>I said, but I think a lot of us know them.

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<v Speaker 3>We see them in the carts in New York City,

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<v Speaker 3>we see them in the grocery stores. So now it's

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<v Speaker 3>going to be taken over. Smith Smith Few Foods said

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<v Speaker 3>it will acquire the company for about four hundred and

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<v Speaker 3>fifty million dollars, and this would actually boost Smith's use

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<v Speaker 3>packaged meat segment, which is as big as in terms

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<v Speaker 3>of avenue the Deos expected to close in the first

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<v Speaker 3>half of this year. So you know we're going to see,

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<v Speaker 3>you know, how Nathan changes or what will happen to

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<v Speaker 3>that Conya Island eating Hot Dot eating contest. I mean

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<v Speaker 3>you will have a different name.

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<v Speaker 2>Come on, oh.

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<v Speaker 3>No, no, no, no brand.

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<v Speaker 4>I mean, you know, when you've got a good brand,

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<v Speaker 4>you stick to it.

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<v Speaker 2>This stock Movers report from Bloomberg Radio. Check back with

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