1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,880 --> 00:00:19,200 Speaker 2: Let's take a look at some stocks on the move today. 5 00:00:19,440 --> 00:00:23,079 Speaker 2: I'm Tom Keen with Paul Sweeny and Bloomberg's Lisa Matteo. 6 00:00:23,440 --> 00:00:25,599 Speaker 3: Oh, thank you very much. Okay, let's start with Delta. 7 00:00:25,840 --> 00:00:28,480 Speaker 3: Take our Dal thank you. Shares have been up as 8 00:00:28,520 --> 00:00:31,120 Speaker 3: much as now seven even eight percent, so it keeps 9 00:00:31,160 --> 00:00:34,120 Speaker 3: kind of ticking higher. Better than expected earnings, right said, 10 00:00:34,120 --> 00:00:37,440 Speaker 3: it's going to continue strong demand into next year. So 11 00:00:37,440 --> 00:00:39,920 Speaker 3: they point out a few things, right, Leisure travelers, they're 12 00:00:39,920 --> 00:00:42,600 Speaker 3: not only traveling, but they're splurging for the premium seats, 13 00:00:42,600 --> 00:00:46,479 Speaker 3: the more expensive ones. And there's more corporate travelers. So 14 00:00:46,560 --> 00:00:49,440 Speaker 3: at CEO said, the company is in a financially good spot. 15 00:00:49,440 --> 00:00:51,960 Speaker 3: They're seeing not seeing any pullback in demand. 16 00:00:51,760 --> 00:00:54,880 Speaker 2: In twenty opteen years. One of the most important interviews 17 00:00:54,920 --> 00:00:57,600 Speaker 2: I've ever done is Ed Bastion and Delta, okay and 18 00:00:57,680 --> 00:01:00,240 Speaker 2: the heart of COVID. And he said, we'll get on 19 00:01:00,320 --> 00:01:02,520 Speaker 2: this and business travel will lead the way. 20 00:01:02,640 --> 00:01:04,440 Speaker 3: See and he was right, and they all did that 21 00:01:05,160 --> 00:01:08,080 Speaker 3: look at it. Look at it, and they're they're responding 22 00:01:08,120 --> 00:01:10,399 Speaker 3: to it too, because they're pushing a lot of premium products, 23 00:01:10,440 --> 00:01:12,760 Speaker 3: like in the cabin on the ground. They're trying to 24 00:01:12,920 --> 00:01:15,240 Speaker 3: appeal to those people who spend a little bit more 25 00:01:15,280 --> 00:01:18,920 Speaker 3: on luxury and separate themselves from the budget carriers. So 26 00:01:18,959 --> 00:01:21,080 Speaker 3: that was a big thing for that, all right. I 27 00:01:21,160 --> 00:01:23,319 Speaker 3: paid for first class the first time on my life, 28 00:01:23,760 --> 00:01:24,679 Speaker 3: flew to Italy. 29 00:01:25,280 --> 00:01:28,320 Speaker 1: Okay, yeah, worth it, worth it because we had a busy, 30 00:01:28,360 --> 00:01:29,000 Speaker 1: busy schedule. 31 00:01:29,040 --> 00:01:31,880 Speaker 3: Did not want any like totally worth it. There you go. 32 00:01:31,959 --> 00:01:33,960 Speaker 3: See more people are doing it. More people are doing it. 33 00:01:34,280 --> 00:01:37,160 Speaker 3: So that's the thing. American Airlines, United Airlines. Their shares 34 00:01:37,200 --> 00:01:39,200 Speaker 3: also gained because of this too. Oh they all went up, Yeah, 35 00:01:39,200 --> 00:01:39,760 Speaker 3: they all went up. 36 00:01:40,480 --> 00:01:40,840 Speaker 2: All right. 37 00:01:40,920 --> 00:01:44,560 Speaker 3: PepsiCo Okay, this is ticker pep their shares. Okay, their 38 00:01:44,640 --> 00:01:46,640 Speaker 3: shares have been up more than one percent. They've come 39 00:01:46,680 --> 00:01:48,720 Speaker 3: down a little bit, but now they're starting to go 40 00:01:48,760 --> 00:01:51,920 Speaker 3: back up again. Stronger than expected net revenue. Right, So 41 00:01:51,960 --> 00:01:55,520 Speaker 3: they own Lays, Gatorade, Quaker brand, things like that. But 42 00:01:55,640 --> 00:01:58,880 Speaker 3: what was a turnaround was their North American beverage unit. 43 00:01:58,960 --> 00:02:01,760 Speaker 3: So it had two percent growth, strongest growth in nearly 44 00:02:01,800 --> 00:02:05,960 Speaker 3: two years. Pepsi strong in the third quarter. The reason 45 00:02:06,000 --> 00:02:09,400 Speaker 3: why thanks to their zero sugar soda. That was a 46 00:02:09,400 --> 00:02:11,720 Speaker 3: big draw for Pepsi, so more people starting to drink 47 00:02:11,720 --> 00:02:15,080 Speaker 3: the zero sugar soda and also Poppy, which it bought 48 00:02:15,400 --> 00:02:19,400 Speaker 3: earlier this year. Poppy is that prebiotic soda, the healthier version, 49 00:02:19,840 --> 00:02:22,080 Speaker 3: so it has you know, the apple cider vinegar, the 50 00:02:22,160 --> 00:02:25,000 Speaker 3: fruit juice, the prebiotics. So a lot of people caught 51 00:02:25,040 --> 00:02:28,639 Speaker 3: onto that. So that's giving Pepsi a boost, and it's 52 00:02:28,680 --> 00:02:31,079 Speaker 3: doing a few things different. It's on this healthy kick 53 00:02:31,080 --> 00:02:33,440 Speaker 3: because everything is about you know, the processed foods and 54 00:02:33,480 --> 00:02:35,920 Speaker 3: all that. So it's starting to change what they're offering. 55 00:02:36,280 --> 00:02:38,359 Speaker 2: Doing this because she's with that. 56 00:02:39,639 --> 00:02:42,920 Speaker 3: Did you know they have new versions of Doritos and 57 00:02:43,040 --> 00:02:46,359 Speaker 3: Cheetos NKD so naked, so they have don't have the 58 00:02:46,440 --> 00:02:50,080 Speaker 3: artificial colors, they don't have the artificial flavors. They have 59 00:02:50,280 --> 00:02:54,480 Speaker 3: new high protein Doritos and they have the new meat 60 00:02:54,520 --> 00:02:57,400 Speaker 3: snacks too, So they're they're they're jumping on the band. 61 00:02:57,200 --> 00:02:59,640 Speaker 2: Why did we just not do a stock movers today 62 00:02:59,639 --> 00:03:03,520 Speaker 2: have one stock Let's point this out. Elliot's gone after Pepsi. 63 00:03:03,560 --> 00:03:05,360 Speaker 2: They got the fear of God in him right now 64 00:03:06,520 --> 00:03:09,560 Speaker 2: with the wonderful people of Elliott helping out. But Paul, 65 00:03:09,639 --> 00:03:14,640 Speaker 2: here's the single Lisa Matteo headline, PEPSI CEO. I think 66 00:03:14,800 --> 00:03:15,960 Speaker 2: Fiber will be the. 67 00:03:16,040 --> 00:03:17,560 Speaker 1: Next pro to boy. 68 00:03:17,680 --> 00:03:20,760 Speaker 2: Now I'm thinking Jim Carrey in the movie about the 69 00:03:20,800 --> 00:03:24,400 Speaker 2: Miami Dolphins where he goes fiber. 70 00:03:25,800 --> 00:03:32,359 Speaker 3: Yeah, that was a fiber one of my favorite movies. Also, 71 00:03:32,480 --> 00:03:34,760 Speaker 3: it's CFO is retiring. I wanted to put that out there. 72 00:03:35,280 --> 00:03:39,280 Speaker 3: So Ferrari. Their shares actually plunged the most inter day 73 00:03:39,280 --> 00:03:42,160 Speaker 3: in nine years, down as much as sixteen percent. Trading 74 00:03:42,160 --> 00:03:46,240 Speaker 3: actually temporary halted due to voluntility, but still the stock 75 00:03:46,280 --> 00:03:49,840 Speaker 3: now down fourteen percent, up there for the year. Expectations 76 00:03:49,840 --> 00:03:51,240 Speaker 3: were high. The company just didn't. 77 00:03:51,040 --> 00:03:56,640 Speaker 1: Deliver this stock mover's report from Bloomberg Radio. Check back 78 00:03:56,640 --> 00:03:58,880 Speaker 1: with us throughout the day for the latest roundup of 79 00:03:58,920 --> 00:04:02,240 Speaker 1: companies making news on Wall Street and for the latest 80 00:04:02,240 --> 00:04:06,440 Speaker 1: market moving headlines. 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