Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data. It's a podcast, Stockmovers
Speaker 1: Alexis Christophers.
Speaker 2: Are you all mag seven today or do you digress?
Speaker 3: I digress because we've got a lot of the mags,
Speaker 3: but we're going to hear a lot about them after
Speaker 3: the closing bell, So I'm going to start out with
Speaker 3: robin Hood. Not a great day for the online brokerage.
Speaker 3: The stock is down about twelve percent. It missed earnings
Speaker 3: and revenue estimates for the first quarter. The company did
Speaker 3: raise its twenty twenty six expense guidance. It now says
Speaker 3: it anticipates investing another one hundred million dollars to build
Speaker 3: and support the user interface for those Trump accounts. So Robinhood,
Speaker 3: along with a Bank of New York Mellon, were tapped
Speaker 3: to help manage these accounts that have created for children
Speaker 3: as part of President Trump's One Big, Beautiful Bill Act.
Speaker 3: Robin Hood is also serving as the brokerage and initial
Speaker 3: trustee for that. But in addition, earnings actually beat the
Speaker 3: street at robin Hood because it made a bigger push
Speaker 3: into the prediction markets, and apparently that is doing quite
Speaker 3: well for Robinhood overall.
Speaker 2: I mean, interrupt, this is a big deal. What does
Speaker 2: prediction markets mean?
Speaker 3: Is that just like saying Betty, I think.
Speaker 2: Yes, no, I asked questions, you know, should be above
Speaker 2: seventy two degrees today?
Speaker 1: Yes?
Speaker 2: No? Is it different than gambling? Well, that's the that's
Speaker 2: the question that certain states say it is not.
Speaker 1: You know.
Speaker 2: So next, all.
Speaker 3: Right, Avis, have you been fought? We haven't really talked
Speaker 3: about this, but it's one of the most shorted stocks
Speaker 3: of the year. Uh parsipany New Jersey based Paul company.
Speaker 3: So shares of Avis Budget Group falling here sharply after
Speaker 3: the car rental company reported deeper losses than expected in
Speaker 3: the first quarter, and it continues to deal with the
Speaker 3: aftermath of this bizarre short squeeze where we saw the
Speaker 3: stock plummet seventy percent in just two days. So we've
Speaker 3: been seeing this stock sort of on a sugar high.
Speaker 3: It experienced that earlier this month, and now the stock
Speaker 3: has really been been plummeting. And also remember it's behind
Speaker 3: brands like Zip Car and Budget Truck Rentals, so it's
Speaker 3: not just Avis, we go to surveillance car rental correspondent
Speaker 3: Paul Sweeney or every time I go, I think I'm
Speaker 3: getting taken to the cleaners?
Speaker 2: Do you find car rentals like fair? I'm a Hurtz
Speaker 2: person and they take care of me pretty well. But
Speaker 2: you look at the bill, and like a hotel bill,
Speaker 2: it's got twenty seven different exs on there and fees
Speaker 2: and this and that, and I don't get So I
Speaker 2: was asked, like, how does Florida not have a staate
Speaker 2: income tax? Because they go look at your bill the
Speaker 2: next time you check out a hotel in Florida. Really,
Speaker 2: that's how they get you.
Speaker 3: Yeah, they's supposed to be more transparency. Wasn't there a
Speaker 3: legislation transparent? Do you do you like just taking an
Speaker 3: uber more?
Speaker 2: I do? I do? But then I took the when
Speaker 2: I was last house in Santa Clair, I took the
Speaker 2: what is it the waymoth thing?
Speaker 3: Oh no, driver's scary.
Speaker 2: Yeah, went to the in and out burger and back.
Speaker 2: So that's how how California is that California? Yeah, that's
Speaker 2: how they roll out. And I wasn't dealing one. Do
Speaker 2: you want to squeeze in one more?
Speaker 3: Yeah? Let's do. Adidas reporting upbeat first quarter results. Look,
Speaker 3: it's getting a big, big help here from the World Cup, right,
Speaker 3: which is starting June eleven sponsors men's national teams, including
Speaker 3: the defending champs Argentina Spain. So also it's just it's
Speaker 3: running shoes are doing well, it's training products are doing well.
Speaker 3: Posted double digit growth in every market except Europe. The
Speaker 3: stronger euro posed a bit of a challenge there, and
Speaker 3: of course they're also dealing with the terraffs, the US tariffs.
Speaker 3: But those fashion oriented, they were the retro sneakers. I
Speaker 3: know my kids were all around them. The samba. There's
Speaker 3: no one that doesn't.
Speaker 2: Do you have a pair. I after thought, I got
Speaker 2: a pair of the Congress.
Speaker 3: You're gonna get your pair of sambas. Yeah, I'm very embarrassed,
Speaker 3: but maybe maybe.
Speaker 1: It'll worry The stock movers report from Bloomberg Radio. Check
Speaker 1: back with us throughout the day for the latest roundup
Speaker 1: of companies making news on Wall Street and for the
Speaker 1: latest market moving headlines. Listen to Bloomberg Radio Live, catch
Speaker 1: us on YouTube, Bloomberg dot com, and on Applecarplay and
Speaker 1: Android Auto with the Bloomberg Business app.