1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers report, 2 00:00:10,240 --> 00:00:13,400 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,840 Speaker 1: harnessing the power of Bloomberg data. 4 00:00:15,960 --> 00:00:18,239 Speaker 2: Take a look at some of the Yes stockmovers today. 5 00:00:18,440 --> 00:00:22,360 Speaker 2: I'm Paul Swenia alongside Alexis Christopher's were joined by Bloomers 6 00:00:22,440 --> 00:00:23,120 Speaker 2: Lisa Mantae Liisha. 7 00:00:23,160 --> 00:00:24,159 Speaker 3: What do you have for us today? All right, I 8 00:00:24,160 --> 00:00:26,560 Speaker 3: want to start with Nike takerr NKE. Their shares have 9 00:00:26,560 --> 00:00:29,440 Speaker 3: been down as much as eleven percent, so basically they 10 00:00:29,520 --> 00:00:32,000 Speaker 3: warn that sales will decline this quarter. They talked about 11 00:00:32,120 --> 00:00:35,000 Speaker 3: weakness in China, but they also talked about weakness in 12 00:00:35,080 --> 00:00:38,400 Speaker 3: their Converse brand, and that stuck out to me because 13 00:00:38,479 --> 00:00:40,920 Speaker 3: I actually noticed the Chuck tailors like they used to 14 00:00:40,960 --> 00:00:42,680 Speaker 3: be lined up out in my house, you know, when 15 00:00:42,680 --> 00:00:44,600 Speaker 3: the kids would come over, all the friends would have 16 00:00:44,640 --> 00:00:47,640 Speaker 3: the Chuck Tailors and too it was I know. But 17 00:00:47,720 --> 00:00:49,320 Speaker 3: now they have the Hulkas lined up. 18 00:00:49,520 --> 00:00:51,760 Speaker 4: Like yes, like the day. 19 00:00:51,760 --> 00:00:54,840 Speaker 3: They don't like the Chuck Dayler's as much anymore. A 20 00:00:54,960 --> 00:00:57,920 Speaker 3: Converse sales they plunged thirty percent in the latest quarter, 21 00:00:58,560 --> 00:01:01,080 Speaker 3: so after two straight period of growth, you have them 22 00:01:01,360 --> 00:01:04,120 Speaker 3: expecting revenue to be down in the low single digits 23 00:01:04,120 --> 00:01:07,240 Speaker 3: in the three months that started in December. First, it's 24 00:01:07,319 --> 00:01:10,240 Speaker 3: kind of making progress in North America, the running category, right, 25 00:01:10,280 --> 00:01:12,880 Speaker 3: that's doing well, but investors want to see what it's 26 00:01:12,880 --> 00:01:15,080 Speaker 3: going to do in other areas, and that's the issue. 27 00:01:15,280 --> 00:01:17,720 Speaker 3: The stock dropped about thirteen percent so far this year 28 00:01:17,760 --> 00:01:22,679 Speaker 3: through Thursday's close. It's headed for fourth consecutive annual decline. 29 00:01:23,200 --> 00:01:25,080 Speaker 3: And because of this, you know, we start looking at 30 00:01:25,240 --> 00:01:28,959 Speaker 3: European rivals Adidas Puma. Their shares have also been falling 31 00:01:28,959 --> 00:01:30,399 Speaker 3: this morning before because of all what. 32 00:01:30,360 --> 00:01:32,920 Speaker 2: I also see an a vintage is In addition, Chuck 33 00:01:32,959 --> 00:01:34,720 Speaker 2: Taylor's is the Adida Stan Smith. 34 00:01:34,959 --> 00:01:37,520 Speaker 4: Those are still still I actually got them from my 35 00:01:37,560 --> 00:01:38,679 Speaker 4: guys a couple of years ago. 36 00:01:38,800 --> 00:01:41,600 Speaker 2: Yeah, yeah, that still works, all right, still have the 37 00:01:41,600 --> 00:01:45,679 Speaker 2: cool factor exactly, all right, fed X, fed X Okay. 38 00:01:46,959 --> 00:01:49,640 Speaker 3: It seemed like good news right from the start. Fdx's 39 00:01:49,720 --> 00:01:51,960 Speaker 3: ticker raise a low end of its profit outlook for 40 00:01:51,960 --> 00:01:54,640 Speaker 3: the year, reported earning's top Wall Street estimates. But it 41 00:01:54,760 --> 00:01:57,960 Speaker 3: just wasn't enough. Investors had these high expectations. It's been 42 00:01:58,000 --> 00:02:00,720 Speaker 3: suffering from a lot lot of calls, had winds, you 43 00:02:00,760 --> 00:02:03,520 Speaker 3: had the grounding of the MD eleven planes and they 44 00:02:03,560 --> 00:02:06,480 Speaker 3: said they expect, yeah, a six hundred million dollar hit 45 00:02:06,520 --> 00:02:08,480 Speaker 3: to adjusted earnings in the second half because of that, 46 00:02:08,520 --> 00:02:11,320 Speaker 3: but also because of weakness in the less than truckload 47 00:02:11,440 --> 00:02:14,480 Speaker 3: freight market. And they've been also, you know, affected by 48 00:02:15,000 --> 00:02:18,120 Speaker 3: the trade tariff policies. They've been trying, you know, the 49 00:02:18,360 --> 00:02:21,480 Speaker 3: CEO is trying to combine their ground and their air 50 00:02:21,520 --> 00:02:23,480 Speaker 3: flight you know together, and they're saying that's going to 51 00:02:23,520 --> 00:02:25,120 Speaker 3: slash billions of dollars in costs. 52 00:02:25,160 --> 00:02:28,160 Speaker 4: But frankly, there's more competition in that space now. Amazon 53 00:02:28,240 --> 00:02:31,720 Speaker 4: is taking care of the actual getting the items to 54 00:02:31,800 --> 00:02:35,200 Speaker 4: your home, right, the logistics of them all. So Oracle, 55 00:02:35,800 --> 00:02:38,080 Speaker 4: there was all this talk about my AI AI are 56 00:02:38,080 --> 00:02:38,920 Speaker 4: they going to live up to it? 57 00:02:39,560 --> 00:02:41,720 Speaker 3: Oracle talked the Oracle time, and that's what I thought, 58 00:02:41,720 --> 00:02:43,960 Speaker 3: because I heard Oracle shares up five percent? What's going on? 59 00:02:44,200 --> 00:02:47,760 Speaker 3: And then you look and you're like, oh wait, TikTok okay. 60 00:02:48,200 --> 00:02:51,919 Speaker 3: So that was like the big push. So Oracle, Oracle 61 00:02:52,000 --> 00:02:54,040 Speaker 3: is the leading group of investors involved in this joint 62 00:02:54,080 --> 00:02:57,480 Speaker 3: adventure to take control because remember bike Dance, a company 63 00:02:57,480 --> 00:03:00,680 Speaker 3: that owns, you know, behind TikTok they've under pressure from 64 00:03:00,680 --> 00:03:02,359 Speaker 3: White House because they want to split because it's a 65 00:03:02,440 --> 00:03:06,200 Speaker 3: Chinese owner Byte Dance, and so now Oracle has kind 66 00:03:06,200 --> 00:03:08,480 Speaker 3: of leading this group. It was a memo that was 67 00:03:08,520 --> 00:03:11,160 Speaker 3: sent out from the CEO to employees. Bloomberg got their 68 00:03:11,160 --> 00:03:13,840 Speaker 3: hands on it, so that's how we found out. But 69 00:03:13,960 --> 00:03:17,200 Speaker 3: it's also going to include silver Lake Management and MGX. 70 00:03:17,240 --> 00:03:19,800 Speaker 3: Those were two other companies that were listed aside from Oracle. 71 00:03:20,280 --> 00:03:24,960 Speaker 3: It's expected to close January twenty second, but it's CEO says, 72 00:03:24,960 --> 00:03:27,000 Speaker 3: you know what, there's there's more work to be done 73 00:03:27,000 --> 00:03:29,639 Speaker 3: before then. But it really goes into a lot of 74 00:03:30,160 --> 00:03:32,560 Speaker 3: kind of what that memo said to employees. But it's 75 00:03:32,560 --> 00:03:34,800 Speaker 3: something that they've been under pressure to really. 76 00:03:34,600 --> 00:03:36,760 Speaker 4: Do you know what I was a little confused on 77 00:03:36,960 --> 00:03:41,240 Speaker 4: are they licensed China? Is Byte Dance licensing the algorithm 78 00:03:41,280 --> 00:03:44,320 Speaker 4: to this American group and not selling them the algorithm 79 00:03:44,360 --> 00:03:46,880 Speaker 4: because that's to me, that's the secret sauce and where 80 00:03:46,920 --> 00:03:48,720 Speaker 4: the value lies is the alga. 81 00:03:48,520 --> 00:03:51,520 Speaker 2: Right, I don't know the evercore ISI. They have an 82 00:03:51,520 --> 00:03:54,240 Speaker 2: app or form on Oracle and they say, while we 83 00:03:54,280 --> 00:03:56,960 Speaker 2: expect Oracle's financing needs related to the build out of 84 00:03:56,960 --> 00:04:00,520 Speaker 2: its AI infrastructure will remain the key point of debate 85 00:04:00,560 --> 00:04:02,320 Speaker 2: in the near term. This is a nice win for 86 00:04:02,440 --> 00:04:05,480 Speaker 2: Orbles some upside optionality over the long term. 87 00:04:05,480 --> 00:04:11,080 Speaker 1: Set the stockmover's report from Bloomberg Radio. 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