1
00:00:02,520 --> 00:00:07,040
Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.

2
00:00:09,920 --> 00:00:13,360
Speaker 2: This is the closing bell on the stock mover's report.

3
00:00:13,600 --> 00:00:16,560
Speaker 2: The company's making moves at the close of US trading

4
00:00:16,800 --> 00:00:21,360
Speaker 2: with Carol Master, Tim Stenovak, Romain Bostik, and Scarlett Food.

5
00:00:22,280 --> 00:00:24,440
Speaker 1: Had a lot to choose from in terms of individual gainers,

6
00:00:24,480 --> 00:00:26,520
Speaker 1: but I had to do Fanny May and Freddie Mac.

7
00:00:27,160 --> 00:00:30,320
Speaker 1: Fannie May app just shy of nineteen percent today's session.

8
00:00:30,760 --> 00:00:34,760
Speaker 1: Freddie Mac up almost twenty one percent today, jumping initially

9
00:00:34,800 --> 00:00:37,120
Speaker 1: after a Wall Street Journal report said the Trump administration

10
00:00:37,479 --> 00:00:39,680
Speaker 1: is getting ready to sell stock in the two enterprises

11
00:00:39,760 --> 00:00:43,440
Speaker 1: later this year. Bloomberg News confirming that as well Fanny

12
00:00:43,479 --> 00:00:46,240
Speaker 1: and Freddy right now trade over the counter. They're accustomed

13
00:00:46,479 --> 00:00:49,239
Speaker 1: to volatile swings, and we definitely saw some big swings,

14
00:00:49,440 --> 00:00:54,240
Speaker 1: certainly in today's session, all right. Also, Gilead Science is

15
00:00:54,400 --> 00:00:57,160
Speaker 1: another outperformer. In fact, it's the number one gainer in

16
00:00:57,200 --> 00:00:59,319
Speaker 1: the S and P five hundred and the Nazaq one

17
00:00:59,360 --> 00:01:02,080
Speaker 1: hundred today that stuck up more than eight percent, the

18
00:01:02,160 --> 00:01:05,280
Speaker 1: highest in ten years. After boosting guidance, the company lifted

19
00:01:05,280 --> 00:01:08,040
Speaker 1: its full year outlook after strong HIV drug sales in

20
00:01:08,080 --> 00:01:12,400
Speaker 1: the second quarter, helping revenue and earnings modestly beat analyst expectations,

21
00:01:12,640 --> 00:01:15,000
Speaker 1: and the drugmaker also raising its guidance for annual product

22
00:01:15,040 --> 00:01:17,080
Speaker 1: sales by about one hundred million dollars. So this is

23
00:01:17,080 --> 00:01:19,840
Speaker 1: a company that's been looking to expand beyond its core

24
00:01:19,959 --> 00:01:24,039
Speaker 1: HIV drug portfolio into cancer and other therapeutic areas, and

25
00:01:24,040 --> 00:01:26,880
Speaker 1: they've had some mixed success, but nonetheless investors liking that

26
00:01:26,959 --> 00:01:31,000
Speaker 1: latest update. And then Monster Beverage, this one second best

27
00:01:31,080 --> 00:01:35,360
Speaker 1: name in the NASDAQ one hundred, fourth biggest gainer in

28
00:01:35,400 --> 00:01:36,800
Speaker 1: the S and P five hundred, up about six and

29
00:01:36,840 --> 00:01:39,280
Speaker 1: a half percent. The company reporter earnings and sales for

30
00:01:39,319 --> 00:01:41,920
Speaker 1: the second quarter that beat the average analyst estimate, and

31
00:01:41,959 --> 00:01:46,120
Speaker 1: analyst noting strong global momentum in the month of July.

32
00:01:46,440 --> 00:01:49,920
Speaker 1: Piper Sandler upgraded the stock to overweight raise its price target.

33
00:01:49,920 --> 00:01:52,600
Speaker 1: Morgan Stanley also raising its price target, So definitely some

34
00:01:52,640 --> 00:01:54,440
Speaker 1: outperformance there. Jess, over to you.

35
00:01:54,480 --> 00:01:56,320
Speaker 3: I'm going to start off with the worst performer in

36
00:01:56,360 --> 00:01:58,400
Speaker 3: the S and P five hundred to day Trade Desk,

37
00:01:58,480 --> 00:02:02,680
Speaker 3: the ticker TTD on this down thirty nine percent, its

38
00:02:02,720 --> 00:02:06,000
Speaker 3: worst day since September twenty sixteen. So you have so

39
00:02:06,080 --> 00:02:08,560
Speaker 3: many different analysts on the cell side that have been

40
00:02:08,600 --> 00:02:12,000
Speaker 3: bailing on the one time market favorite. What happened here?

41
00:02:12,040 --> 00:02:15,720
Speaker 3: Growing fears that it's advertising technology will get stream rolled

42
00:02:15,800 --> 00:02:19,000
Speaker 3: by none other than Amazon, another company, of course, I'm

43
00:02:19,000 --> 00:02:21,800
Speaker 3: going to point out Sweet Green ticker is SG on

44
00:02:21,840 --> 00:02:24,239
Speaker 3: this down twenty three percent. This was its worst day

45
00:02:24,440 --> 00:02:28,360
Speaker 3: since November of twenty twenty one. Unfortunately, the salad chain

46
00:02:28,600 --> 00:02:32,040
Speaker 3: cut its sales guidance and also missed second quarter estimates

47
00:02:32,040 --> 00:02:34,320
Speaker 3: there So now analysts are saying that twenty twenty five

48
00:02:34,360 --> 00:02:36,919
Speaker 3: is turning into a disappointing year. That stocks down over

49
00:02:37,000 --> 00:02:40,720
Speaker 3: seventy percent year to date. And then lastly looking at

50
00:02:40,840 --> 00:02:45,639
Speaker 3: under Armor a uAAs the ticker symbol down eighteen percent today,

51
00:02:45,639 --> 00:02:48,680
Speaker 3: So it's worst day actually since April third. So when

52
00:02:48,720 --> 00:02:51,840
Speaker 3: you're thinking about apparel and footwear maker here, it's Q

53
00:02:51,880 --> 00:02:54,280
Speaker 3: two forecast ended up coming in horrendous and of course

54
00:02:54,320 --> 00:02:56,880
Speaker 3: that was weakness in North America, so it forecast died

55
00:02:56,919 --> 00:02:59,240
Speaker 3: a just at EPs and revenue that fell short of

56
00:02:59,240 --> 00:03:00,560
Speaker 3: those consensus expectations.

57
00:03:00,600 --> 00:03:02,840
Speaker 4: Guys, all right, let's go over to the bond market.

58
00:03:02,919 --> 00:03:06,120
Speaker 4: You had try trees falling across the curve, pushing yields

59
00:03:06,160 --> 00:03:09,880
Speaker 4: higher anywhere from two to three basis points, and really

60
00:03:09,919 --> 00:03:13,400
Speaker 4: there wasn't any clear catalysts. There was some anticipation, of course,

61
00:03:13,440 --> 00:03:15,480
Speaker 4: of the July CPI data next week as well as

62
00:03:15,520 --> 00:03:19,120
Speaker 4: PPI that could alter expectations for FED rate cuts up.

63
00:03:19,160 --> 00:03:22,680
Speaker 4: Perhaps some people also saying that the declines reflect overhang

64
00:03:22,800 --> 00:03:25,519
Speaker 4: from the coupon action auctions that we saw this week

65
00:03:25,560 --> 00:03:28,400
Speaker 4: one hundred and twenty five billion dollars worth of new supply.

66
00:03:28,400 --> 00:03:30,840
Speaker 4: There's also a lot of supply of new corporate credit

67
00:03:30,880 --> 00:03:31,240
Speaker 4: as well.

68
00:03:31,280 --> 00:03:33,320
Speaker 1: All Right, guys, it's been a pretty heavy week. We

69
00:03:33,360 --> 00:03:36,440
Speaker 1: ain't over yet, and we might get more from the

70
00:03:36,440 --> 00:03:39,440
Speaker 1: White House. We're monitoring, certainly some of the meetings that

71
00:03:39,480 --> 00:03:41,720
Speaker 1: are going on there with foreign officials. Having said that,

72
00:03:41,720 --> 00:03:43,640
Speaker 1: we got a few lighter stories that we wanted to

73
00:03:43,680 --> 00:03:45,400
Speaker 1: bring to you and share with you on this Friday.

74
00:03:45,840 --> 00:03:48,520
Speaker 1: Just mentioned the drop in Sweet Green shares today, and

75
00:03:48,560 --> 00:03:50,600
Speaker 1: we did see that stock really take a hit. They're

76
00:03:50,640 --> 00:03:53,360
Speaker 1: apparently discontinuing I had no idea that they were offering

77
00:03:53,400 --> 00:03:56,840
Speaker 1: French fries at all, but they're discontinuing their ripple fries

78
00:03:56,960 --> 00:03:59,040
Speaker 1: Snea friess.

79
00:03:58,160 --> 00:03:59,840
Speaker 5: You can feel good about healthy.

80
00:04:00,320 --> 00:04:02,520
Speaker 3: I would rather just have the because you see good

81
00:04:02,560 --> 00:04:04,040
Speaker 3: stuff for Toronado oil.

82
00:04:04,200 --> 00:04:05,680
Speaker 1: I mean, if you're gonna have French fries, why not

83
00:04:05,840 --> 00:04:07,520
Speaker 1: just go for it, right, That's the thing.

84
00:04:07,560 --> 00:04:09,400
Speaker 5: I feel like it was mission creep on the part

85
00:04:09,480 --> 00:04:12,200
Speaker 5: of Sweet Green. We did hear from the CEO on

86
00:04:12,280 --> 00:04:15,920
Speaker 5: a call with analysts saying that basically customers like the fries,

87
00:04:16,000 --> 00:04:19,400
Speaker 5: that's what he says, but they added too much complexity

88
00:04:19,720 --> 00:04:22,159
Speaker 5: to restaurant operations, so there's.

89
00:04:22,200 --> 00:04:24,200
Speaker 4: Not enough people ordered it. So they would make the

90
00:04:24,240 --> 00:04:26,120
Speaker 4: fries that they would sit there for a while, and

91
00:04:26,120 --> 00:04:28,280
Speaker 4: then when you actually did get order the fries, you

92
00:04:28,320 --> 00:04:29,760
Speaker 4: did get the fries that had been sitting out for

93
00:04:29,760 --> 00:04:32,480
Speaker 4: a while. They were air fried, and they used avocado

94
00:04:32,520 --> 00:04:34,520
Speaker 4: oil and to have seed oils, which I don't know.

95
00:04:34,520 --> 00:04:36,480
Speaker 4: I don't know about you, but I like my fries crispy.

96
00:04:36,480 --> 00:04:38,120
Speaker 4: I don't want them to soggy and sitting.

97
00:04:37,920 --> 00:04:43,719
Speaker 2: Around this stock mover's report from Bloomberg Radio. Check back

98
00:04:43,760 --> 00:04:45,960
Speaker 2: with us throughout the day for the latest roundup of

99
00:04:46,040 --> 00:04:49,320
Speaker 2: companies making news on Wall Street and for the latest

100
00:04:49,360 --> 00:04:53,560
Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us

101
00:04:53,600 --> 00:04:57,600
Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android Auto.

102
00:04:57,680 --> 00:04:59,320
Speaker 2: With the Bloomberg Business app