Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Let's take a look at some stocks on the move today.
Speaker 1: I'm Tim King with Paul Sweeney and Bloomberg's Lisa Matteo.
Speaker 3: So American Airlines will start there ticker AA l okay.
Speaker 3: The reason why is because their shares have been down
Speaker 3: as much as eight percent. It reinstated at Danniel guidance,
Speaker 3: but it was in a lower range than expected, and
Speaker 3: it was more a bullish forecast than you compare it
Speaker 3: to United or what Delta gave. So investors they weren't
Speaker 3: happy with the news. They did say it could hit
Speaker 3: the top end of that forecast range if the domestic
Speaker 3: market continues to strengthen. So I mean we're I.
Speaker 1: Don't do American. Where where is American WI?
Speaker 3: I mean they're big, I mean you know they're still huge.
Speaker 1: Yeah.
Speaker 3: Absolutely, it's a big three in United America. Yeah, and
Speaker 3: it flies more domestic in the domestic market than other airlines,
Speaker 3: So you know that has something to do with it.
Speaker 3: It leaves it open to like swings with US demand
Speaker 3: and pricing. So yeah, shares really taken a hit this morning. Okay,
Speaker 3: Chipotle CMG ticker, okay, really down down as much as
Speaker 3: thirteen percent. These are the shares cut its annual outlook
Speaker 3: for the second time this year. And it's yeah, I know.
Speaker 3: Did you get that they have the honey Chicken the adoble?
Speaker 1: Kay?
Speaker 3: And that's pretty straightforward. But no, I mean, yeah, they've
Speaker 3: been trying. They had the burrito giveaway. They said they're
Speaker 3: boosting the rewards platform. They want to offer more programs
Speaker 3: to target college kids. They thought that would help equipment upgrades.
Speaker 3: All that said, they still just haven't had enough traffic
Speaker 3: and that's their basic thing. They said their customers are
Speaker 3: cutting back. The CEO talked about the lower income consumer
Speaker 3: under pressure and it just hasn't had much news lately,
Speaker 3: you know, much good news lately. Twenty percent. Margarita is
Speaker 3: to go some some locations, some locations she does. Maybe
Speaker 3: they should do it more locations. Problem you can get anywhere?
Speaker 3: Should this one? I want to point out American apparel
Speaker 3: retailer American Eagle AEO. Their shares have been up as
Speaker 3: much as twenty five percent before the bell so so
Speaker 3: here we go. We're leading into something. Okay, So the
Speaker 3: company announces campaign with actress Sidney Sweeney. Right, it was
Speaker 3: announced yesterday. It's Sydney Sweeney, has great genes, great actress, right,
Speaker 3: really good. She said, it's a good balance that's going
Speaker 3: to help you keep you put together but feel great.
Speaker 3: But the reason what happened yesterday is we've heard this
Speaker 3: story before and moved HighRes and out hours trading. It
Speaker 3: got mentioned on Wall Street Bets page on Reddit, and
Speaker 3: you know what happens when things just mentioned that. I mean,
Speaker 3: it has the substance behind it, right, it has this
Speaker 3: news out, but I think it got inflated. Might may
Speaker 3: have been inflated a bit because this shares. We're up
Speaker 3: as much as twenty five percent for Sidney Sweeney. Oh sure,
Speaker 3: I mean white Lotus. Have you seen shortage?
Speaker 1: It was nine ish and now it's twelve ish. That's
Speaker 1: all there is too.
Speaker 3: Yes, it's gone up, it's gone.
Speaker 1: Where's American Eagle and the Pantheon with ever Crombie and Fitch.
Speaker 3: It's all the battle for the jeens, like that's what
Speaker 3: they're doing. That's probably why they brought in Sydney Sweeney
Speaker 3: because they're all battling for their genes and that's what
Speaker 3: kids are. Kind of told you the best.
Speaker 1: I thought you meant her genes like her DNA.
Speaker 3: No, no, no, like her blue jeans.
Speaker 1: Oh okay, I'm learning as we go. Can I back
Speaker 1: up on stock movers with Lisa? I think we can
Speaker 1: do commodities and stock movers.
Speaker 3: Sure. The price of beef a hole from the from COVID. Yes,
Speaker 3: it's up one hundred.
Speaker 1: And sixty six percent live cattle, Yeah, twenty percent per year.
Speaker 1: Like what does that do to McDonald What does it.
Speaker 3: Makes them put out more chicken and make people to
Speaker 3: buy more chicken? Yeah, you're giving us the difference. And
Speaker 3: what about the barbecues. I mean, come on, yep, I'm
Speaker 3: going to be throwing more chicken breasts on the girl.
Speaker 3: And I mean, we're trying to.
Speaker 1: Eat less beef for health. But the fact is we're
Speaker 1: eating less beef because you look at the numbers that
Speaker 1: you dont really.
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