1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,320 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,640 --> 00:00:18,840 Speaker 3: I'm Carol Master longer Tim Stanevik. Let's get to some 5 00:00:18,880 --> 00:00:21,360 Speaker 3: stocks on the move in the house Bloomberg News Equities 6 00:00:21,400 --> 00:00:25,439 Speaker 3: reporter Bailey Lipshalt and Carnival Man. What a swing today? 7 00:00:25,760 --> 00:00:29,160 Speaker 4: Rough go for Carnival ticker CCL was down at one 8 00:00:29,160 --> 00:00:32,400 Speaker 4: point almost six percent, closed down about four percent horse 9 00:00:32,479 --> 00:00:36,360 Speaker 4: day since June. This comes after the company gave a 10 00:00:36,400 --> 00:00:39,680 Speaker 4: trailing expectations in terms of guidance for the fourth quarter 11 00:00:39,880 --> 00:00:42,320 Speaker 4: and talking about the cost headwinds they're facing. In twenty 12 00:00:42,320 --> 00:00:45,720 Speaker 4: twenty six, we saw Peer's Norwegian cruise to Grand chl 13 00:00:46,360 --> 00:00:50,080 Speaker 4: NCLH excuse me, and Royal Caribbean ticker RCL under pressure. 14 00:00:50,320 --> 00:00:53,000 Speaker 4: This comes, really, guys, in a backdrop where we've been 15 00:00:53,000 --> 00:00:55,320 Speaker 4: talking so much about the strength of the consumer A 16 00:00:55,360 --> 00:00:58,280 Speaker 4: few investors had pointed to while at least the older 17 00:00:58,320 --> 00:01:00,880 Speaker 4: people maybe who take cruise lines want to still show up, 18 00:01:00,880 --> 00:01:03,040 Speaker 4: but it does seem like this is now starting to 19 00:01:03,040 --> 00:01:05,520 Speaker 4: have an impact on the bookings, at least for this quarter. 20 00:01:05,600 --> 00:01:09,080 Speaker 1: Well We spoke to Josh Weinstein on Bloomberg BusinessWeek Daily. 21 00:01:09,200 --> 00:01:12,520 Speaker 1: He was very optimistic. Check out the interview on our 22 00:01:12,560 --> 00:01:15,360 Speaker 1: podcast Speed. He said, the trajectory is good, the consumer 23 00:01:15,400 --> 00:01:18,600 Speaker 1: is strong, and he pointed to bookings for twenty twenty 24 00:01:18,600 --> 00:01:20,720 Speaker 1: six Bailey and he was like, look, and they said 25 00:01:20,720 --> 00:01:23,000 Speaker 1: this on their call too. Half of what we are 26 00:01:23,040 --> 00:01:26,160 Speaker 1: offering for twenty twenty six across our brands, that's already 27 00:01:26,160 --> 00:01:28,440 Speaker 1: booked up. They always point to the value that these 28 00:01:28,480 --> 00:01:31,039 Speaker 1: cruises offer. I mean, he has Carnival Cruise up to 29 00:01:32,720 --> 00:01:36,200 Speaker 1: you know, the super super and yeah, the super high end, premium, 30 00:01:36,400 --> 00:01:37,240 Speaker 1: ultra luxury. 31 00:01:37,480 --> 00:01:37,720 Speaker 3: Yeah. 32 00:01:37,720 --> 00:01:40,080 Speaker 1: So they kind of run every gamut of the American consumer, 33 00:01:40,160 --> 00:01:40,800 Speaker 1: global consumer. 34 00:01:41,000 --> 00:01:42,960 Speaker 3: Sound like the spin across the board. Now, bookings right 35 00:01:43,040 --> 00:01:45,120 Speaker 3: can be canceled, they can be postponed and so on 36 00:01:45,120 --> 00:01:49,400 Speaker 3: and so forth, but nonetheless continue to hear optimism. We 37 00:01:49,480 --> 00:01:51,920 Speaker 3: had some optimism when it came to a really big 38 00:01:52,040 --> 00:01:52,840 Speaker 3: LBO today. 39 00:01:53,000 --> 00:01:57,440 Speaker 4: We did EA Electronic Arts sticker, EA closing up on 40 00:01:57,480 --> 00:01:59,040 Speaker 4: the day four and a half percent when you go 41 00:01:59,160 --> 00:02:01,360 Speaker 4: back to U using a two day move up more 42 00:02:01,400 --> 00:02:05,240 Speaker 4: than twenty percent. This coming after a deal to be 43 00:02:05,600 --> 00:02:09,400 Speaker 4: acquired in the largest leverage buyout on record two group 44 00:02:09,440 --> 00:02:11,919 Speaker 4: of investors that includes a firm managed by a President 45 00:02:11,919 --> 00:02:14,640 Speaker 4: Donald Trump's son in law, Jered Kushner, and Saudi Arabia 46 00:02:14,680 --> 00:02:18,320 Speaker 4: Sovereign Wealth Fund guys fifty five billion dollars for a 47 00:02:18,400 --> 00:02:21,040 Speaker 4: video game maker and electronic arts most well known at 48 00:02:21,120 --> 00:02:23,239 Speaker 4: least when I went to high school for what used 49 00:02:23,240 --> 00:02:25,320 Speaker 4: to be FIFA but now has been rebranded. 50 00:02:25,360 --> 00:02:26,480 Speaker 3: Are you not playing anymore? 51 00:02:26,680 --> 00:02:27,519 Speaker 2: I got old? 52 00:02:27,560 --> 00:02:31,120 Speaker 4: I don't know, I graduated, I stopped playing videos. 53 00:02:31,440 --> 00:02:31,840 Speaker 2: You old. 54 00:02:33,680 --> 00:02:34,160 Speaker 3: Very funny. 55 00:02:34,160 --> 00:02:37,320 Speaker 4: But there's another signal though, of the deal boom under 56 00:02:38,200 --> 00:02:40,440 Speaker 4: Donald Trump and being back in the White House. So 57 00:02:40,480 --> 00:02:42,960 Speaker 4: we did see that again up when you include the 58 00:02:42,960 --> 00:02:45,799 Speaker 4: news that really broke late Friday, up about twenty percent 59 00:02:45,840 --> 00:02:47,560 Speaker 4: that stopped closing on the day at two hundred and 60 00:02:47,639 --> 00:02:51,600 Speaker 4: two dollars. Was trading back in January after a Snapfoo 61 00:02:51,680 --> 00:02:55,560 Speaker 4: with a game rollout just around one seventeen, so a 62 00:02:55,600 --> 00:02:57,359 Speaker 4: big rally if you bought earlier in the year. 63 00:02:57,480 --> 00:03:01,760 Speaker 1: Cherl's a big Battlefield fan. She's like buying all the 64 00:03:03,080 --> 00:03:06,359 Speaker 1: virtual outfits and stuff. Yeah, whenever I walked by the desk, 65 00:03:06,440 --> 00:03:08,640 Speaker 1: she's got her console gear. 66 00:03:08,960 --> 00:03:10,040 Speaker 3: That's me totally. 67 00:03:10,120 --> 00:03:11,440 Speaker 1: Yeah, good Wi Fi and building. 68 00:03:11,560 --> 00:03:12,200 Speaker 4: Yeah, that makes sense. 69 00:03:12,240 --> 00:03:15,000 Speaker 1: You got capitalized. She hard, She's like. 70 00:03:15,040 --> 00:03:20,120 Speaker 3: Serious, all right, So officially unofficial start to the next 71 00:03:20,120 --> 00:03:23,280 Speaker 3: earning season. Jeffries a read on the financials after the close. 72 00:03:23,200 --> 00:03:27,600 Speaker 4: The early reporter Jeffrey stick Er JEF beating expectations broadly. 73 00:03:27,639 --> 00:03:29,840 Speaker 4: I mean, it's not a closely followed stock. It's not 74 00:03:29,880 --> 00:03:32,760 Speaker 4: really necessarily that big of a company. It's only about 75 00:03:32,800 --> 00:03:35,920 Speaker 4: fourteen billion dollars in market caps, so relative to I 76 00:03:35,960 --> 00:03:38,080 Speaker 4: don't know called Goldman Sacks, which is two hundred and 77 00:03:38,120 --> 00:03:41,200 Speaker 4: fifty three billion dollars. A small boutique player, but pretty 78 00:03:41,200 --> 00:03:45,640 Speaker 4: solid results of beating expectational capital markets. They've been closely 79 00:03:45,680 --> 00:03:48,760 Speaker 4: watched among other banks as it relates to IPOs and 80 00:03:48,800 --> 00:03:51,920 Speaker 4: other share sales. Really not a bad print down one 81 00:03:51,920 --> 00:03:54,480 Speaker 4: point seven percent, But to your point, Carol, the big 82 00:03:54,520 --> 00:03:57,040 Speaker 4: boys will start October fourteenth is when we're going to 83 00:03:57,040 --> 00:03:59,600 Speaker 4: get the cities. The Goldman Sacks the real read on 84 00:03:59,600 --> 00:04:03,880 Speaker 4: some of those larger, more established Wall Street Wall Street firms, 85 00:04:03,880 --> 00:04:06,800 Speaker 4: But nonetheless a solid move, or at least a solid print, 86 00:04:07,200 --> 00:04:10,640 Speaker 4: albeit with a modest move lower and late late trading 87 00:04:10,680 --> 00:04:11,680 Speaker 4: for Jeffries, do. 88 00:04:11,600 --> 00:04:14,360 Speaker 3: You consider one point seven modest that's small. 89 00:04:15,200 --> 00:04:17,719 Speaker 4: Well, it's also after hours trading. You're like, okay, well, 90 00:04:17,760 --> 00:04:20,200 Speaker 4: what's even moving? You have two analyst estimates, so it's 91 00:04:20,240 --> 00:04:21,719 Speaker 4: not like a big, big rally. 92 00:04:23,120 --> 00:04:27,160 Speaker 2: The Stock Movers Report from Bloomberg Radio. 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