WEBVTT - Carnival Falls, EA Rallies, Jeffries Posts Best 3Q Revenue Ever

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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>I'm Carol Master longer Tim Stanevik. Let's get to some

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<v Speaker 3>stocks on the move in the house Bloomberg News Equities

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<v Speaker 3>reporter Bailey Lipshalt and Carnival Man. What a swing today?

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<v Speaker 4>Rough go for Carnival ticker CCL was down at one

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<v Speaker 4>point almost six percent, closed down about four percent horse

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<v Speaker 4>day since June. This comes after the company gave a

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<v Speaker 4>trailing expectations in terms of guidance for the fourth quarter

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<v Speaker 4>and talking about the cost headwinds they're facing. In twenty

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<v Speaker 4>twenty six, we saw Peer's Norwegian cruise to Grand chl

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<v Speaker 4>NCLH excuse me, and Royal Caribbean ticker RCL under pressure.

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<v Speaker 4>This comes, really, guys, in a backdrop where we've been

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<v Speaker 4>talking so much about the strength of the consumer A

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<v Speaker 4>few investors had pointed to while at least the older

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<v Speaker 4>people maybe who take cruise lines want to still show up,

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<v Speaker 4>but it does seem like this is now starting to

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<v Speaker 4>have an impact on the bookings, at least for this quarter.

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<v Speaker 1>Well We spoke to Josh Weinstein on Bloomberg BusinessWeek Daily.

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<v Speaker 1>He was very optimistic. Check out the interview on our

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<v Speaker 1>podcast Speed. He said, the trajectory is good, the consumer

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<v Speaker 1>is strong, and he pointed to bookings for twenty twenty

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<v Speaker 1>six Bailey and he was like, look, and they said

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<v Speaker 1>this on their call too. Half of what we are

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<v Speaker 1>offering for twenty twenty six across our brands, that's already

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<v Speaker 1>booked up. They always point to the value that these

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<v Speaker 1>cruises offer. I mean, he has Carnival Cruise up to

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<v Speaker 1>you know, the super super and yeah, the super high end, premium,

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<v Speaker 1>ultra luxury.

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<v Speaker 3>Yeah.

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<v Speaker 1>So they kind of run every gamut of the American consumer,

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<v Speaker 1>global consumer.

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<v Speaker 3>Sound like the spin across the board. Now, bookings right

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<v Speaker 3>can be canceled, they can be postponed and so on

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<v Speaker 3>and so forth, but nonetheless continue to hear optimism. We

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<v Speaker 3>had some optimism when it came to a really big

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<v Speaker 3>LBO today.

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<v Speaker 4>We did EA Electronic Arts sticker, EA closing up on

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<v Speaker 4>the day four and a half percent when you go

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<v Speaker 4>back to U using a two day move up more

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<v Speaker 4>than twenty percent. This coming after a deal to be

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<v Speaker 4>acquired in the largest leverage buyout on record two group

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<v Speaker 4>of investors that includes a firm managed by a President

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<v Speaker 4>Donald Trump's son in law, Jered Kushner, and Saudi Arabia

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<v Speaker 4>Sovereign Wealth Fund guys fifty five billion dollars for a

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<v Speaker 4>video game maker and electronic arts most well known at

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<v Speaker 4>least when I went to high school for what used

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<v Speaker 4>to be FIFA but now has been rebranded.

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<v Speaker 3>Are you not playing anymore?

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<v Speaker 2>I got old?

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<v Speaker 4>I don't know, I graduated, I stopped playing videos.

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<v Speaker 2>You old.

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<v Speaker 3>Very funny.

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<v Speaker 4>But there's another signal though, of the deal boom under

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<v Speaker 4>Donald Trump and being back in the White House. So

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<v Speaker 4>we did see that again up when you include the

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<v Speaker 4>news that really broke late Friday, up about twenty percent

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<v Speaker 4>that stopped closing on the day at two hundred and

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<v Speaker 4>two dollars. Was trading back in January after a Snapfoo

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<v Speaker 4>with a game rollout just around one seventeen, so a

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<v Speaker 4>big rally if you bought earlier in the year.

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<v Speaker 1>Cherl's a big Battlefield fan. She's like buying all the

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<v Speaker 1>virtual outfits and stuff. Yeah, whenever I walked by the desk,

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<v Speaker 1>she's got her console gear.

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<v Speaker 3>That's me totally.

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<v Speaker 1>Yeah, good Wi Fi and building.

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<v Speaker 4>Yeah, that makes sense.

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<v Speaker 1>You got capitalized. She hard, She's like.

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<v Speaker 3>Serious, all right, So officially unofficial start to the next

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<v Speaker 3>earning season. Jeffries a read on the financials after the close.

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<v Speaker 4>The early reporter Jeffrey stick Er JEF beating expectations broadly.

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<v Speaker 4>I mean, it's not a closely followed stock. It's not

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<v Speaker 4>really necessarily that big of a company. It's only about

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<v Speaker 4>fourteen billion dollars in market caps, so relative to I

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<v Speaker 4>don't know called Goldman Sacks, which is two hundred and

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<v Speaker 4>fifty three billion dollars. A small boutique player, but pretty

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<v Speaker 4>solid results of beating expectational capital markets. They've been closely

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<v Speaker 4>watched among other banks as it relates to IPOs and

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<v Speaker 4>other share sales. Really not a bad print down one

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<v Speaker 4>point seven percent, But to your point, Carol, the big

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<v Speaker 4>boys will start October fourteenth is when we're going to

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<v Speaker 4>get the cities. The Goldman Sacks the real read on

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<v Speaker 4>some of those larger, more established Wall Street Wall Street firms,

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<v Speaker 4>But nonetheless a solid move, or at least a solid print,

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<v Speaker 4>albeit with a modest move lower and late late trading

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<v Speaker 4>for Jeffries, do.

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<v Speaker 3>You consider one point seven modest that's small.

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<v Speaker 4>Well, it's also after hours trading. You're like, okay, well,

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<v Speaker 4>what's even moving? You have two analyst estimates, so it's

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<v Speaker 4>not like a big, big rally.

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