WEBVTT - Qualcomm Falls on Earnings; Peloton Slashes Outlook; Estée Lauder Disappoints

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The 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 3>Let's take a look at some stocks on the move today.

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<v Speaker 1>Alexis Christopherus with the Stock Movers.

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<v Speaker 4>All right, let's dive right in and start with Qualcoms.

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<v Speaker 4>That stock's taking a beating here, down about eleven percent

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<v Speaker 4>pre market. You know, it was not invited to the

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<v Speaker 4>tech party last year. I took a look at this,

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<v Speaker 4>down fifteen percent last year, and ahead of these earnings,

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<v Speaker 4>which weren't so hot, it was down thirteen percent. So

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<v Speaker 4>here's a story. The chip designers results beating on the

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<v Speaker 4>top and bottom line. It's forecast was want lighter than expected.

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<v Speaker 4>Why supply crunch in memory chips going to weigh on

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<v Speaker 4>the margins and on the smartphone market. Why are we

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<v Speaker 4>having the shortage because other companies have been talking about

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<v Speaker 4>this as well, or these memory chips. It's stemming from

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<v Speaker 4>all the data center developers because of AI the scooping

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<v Speaker 4>up those chips, and the chip makers are shifting production

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<v Speaker 4>production to cater to the AI folks who we know

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<v Speaker 4>are spending really big. Just look at what Google did yesterday, right,

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<v Speaker 4>committing one hundred and eighty five billion to AI this year.

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<v Speaker 4>So qualcon coming under a little bit of pressure today

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<v Speaker 4>in Apple.

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<v Speaker 1>Like a week scene forever ago, it was like nodes.

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<v Speaker 1>I had to look it up, three nano nodes like

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<v Speaker 1>you know techie talk, and Apple went like two sixty

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<v Speaker 1>to two forty three at cratered, I say, and from

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<v Speaker 1>two forty three, Paul, it's a moonshot almost up to

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<v Speaker 1>a record high. There you go. My head is spinning.

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<v Speaker 4>Exactly all right, Well you know what else is spinning next?

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<v Speaker 4>Peloton bikes are spinning here we go. Not in the

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<v Speaker 4>right direction either. So this stock is down now about

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<v Speaker 4>ten percent. It was down twenty nine percent last year.

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<v Speaker 4>It's been going through it for a while. Quarterly earnings

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<v Speaker 4>here missed the mark, slashed its sales outlook. And remember

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<v Speaker 4>in the fall it had its first big revamp and

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<v Speaker 4>all its hardware in years came out with a new treadmills, bike,

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<v Speaker 4>other products. They were supposed to spark a turnaround didn't happen.

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<v Speaker 4>It was actually fell three percent last quarter.

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<v Speaker 1>Mature serves Peloton correspondent Paul Sweedio and this so Kelly

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<v Speaker 1>Curtis and Mystique Row that are the female skeleton riders

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<v Speaker 1>at the Olympics. Ye are they training on Peloton's book.

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<v Speaker 3>They could be, They could be. I mean that they

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<v Speaker 3>have a base of customers my girlfriend included die Hard.

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<v Speaker 3>They're loyal, loyal, Yeah, but again I've always said they

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<v Speaker 3>have to figure out a way to monetize these people

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<v Speaker 3>more than just banging you for that fee.

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<v Speaker 4>Every well, they also raise their membership fees in October.

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<v Speaker 3>So does everybody else. You know, every streamer out there, everything,

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<v Speaker 3>everybody's raising their Kelsey Curtis.

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<v Speaker 1>Is Saint Lawrence University's Springfield College out of Princeton, New Jersey,

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<v Speaker 1>Ago the whole of skeleton racing.

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<v Speaker 3>You know, she's on the peloton.

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<v Speaker 4>I could picture it, but I just want to leave

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<v Speaker 4>you a little bit of improvement. Signs of improvement. I

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<v Speaker 4>guess at Peloton the company improved a sudjusted ebidah outlook

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<v Speaker 4>by eighteen percent. So the but the CFO also, I

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<v Speaker 4>know the CFO is going are in last one more

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<v Speaker 4>let's get it in Esday Lauder down ten percent now

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<v Speaker 4>it owns brands. We know Max smash Box, Joe Malone

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<v Speaker 4>lifted its adjusted earnings outlook, but the stock is down

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<v Speaker 4>because its outlook is failing to reassure investors about the

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<v Speaker 4>turnaround going on there. Tariff's still going to dent earnings

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<v Speaker 4>by one hundred million dollars, is what they're saying, Dent

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<v Speaker 4>sales by one hundred million.

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