1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:16,080 Speaker 2: the stock market. Harnessing the power of Bloomberg. 4 00:00:15,600 --> 00:00:17,599 Speaker 3: Data, we are going to take a look at some 5 00:00:17,640 --> 00:00:19,760 Speaker 3: of the stocks on the move. I want to welcome 6 00:00:19,840 --> 00:00:22,360 Speaker 3: Denita's Sakova and Danitza. Just on the heels of what 7 00:00:22,440 --> 00:00:26,200 Speaker 3: John Tucker was saying about new car prices, you're focused 8 00:00:26,280 --> 00:00:28,880 Speaker 3: on General Motors. One of the biggest automakers, of course. 9 00:00:28,640 --> 00:00:31,280 Speaker 1: In use today is that General Motors is occurring a 10 00:00:31,440 --> 00:00:34,680 Speaker 1: one point six billion in charges tied to its pullback 11 00:00:34,840 --> 00:00:37,680 Speaker 1: from electric vehicles. Of course, we've seen all those TV 12 00:00:37,880 --> 00:00:40,720 Speaker 1: makers reacting to this. But actually the Stoke was down 13 00:00:40,720 --> 00:00:43,360 Speaker 1: two percent in pre market trading. We're seeing a little 14 00:00:43,360 --> 00:00:46,120 Speaker 1: bit of a jump. It's up one percent. Of course, 15 00:00:46,200 --> 00:00:48,440 Speaker 1: the Stoke was under a lot of pressure. We've been 16 00:00:48,440 --> 00:00:50,640 Speaker 1: following the news about TV credits for quite some time, 17 00:00:50,880 --> 00:00:53,400 Speaker 1: so perhaps some of this was already priced and the 18 00:00:53,400 --> 00:00:57,080 Speaker 1: stock is up only five percent this year, and now 19 00:00:57,080 --> 00:00:59,319 Speaker 1: we're actually seeing a little bit of a positive reaction there. 20 00:00:59,360 --> 00:01:01,880 Speaker 1: We've seen a lot of automakers to react to this. 21 00:01:02,120 --> 00:01:07,000 Speaker 1: Tesua introduced a less expensive version Ford motor Silantis have 22 00:01:07,040 --> 00:01:10,720 Speaker 1: been shifting product plans. Even a GM announced in June 23 00:01:10,760 --> 00:01:13,280 Speaker 1: that you would build a gas power pickups and SV 24 00:01:13,400 --> 00:01:18,120 Speaker 1: factory at Michigan, and that facility was actually previously slated 25 00:01:18,160 --> 00:01:21,800 Speaker 1: for electric vehicles. So things are changing fast. Maybe investors 26 00:01:21,840 --> 00:01:26,240 Speaker 1: are seeing some kind of bottoming of this EV trade 27 00:01:26,240 --> 00:01:29,200 Speaker 1: that has been quite negative for those companies, and we're 28 00:01:29,200 --> 00:01:32,240 Speaker 1: seeing small relief today on top of pretty negative news 29 00:01:32,240 --> 00:01:32,920 Speaker 1: for the company. 30 00:01:33,360 --> 00:01:35,960 Speaker 2: Yeah, the one question I still can't answer, how many 31 00:01:36,040 --> 00:01:38,119 Speaker 2: years into this EV story is really what is the. 32 00:01:38,120 --> 00:01:41,200 Speaker 1: Underlying demand for EV's out there in the US. I 33 00:01:41,280 --> 00:01:41,720 Speaker 1: just don't know. 34 00:01:41,959 --> 00:01:45,039 Speaker 3: Well, after the tax credit expired. I mean, it feels 35 00:01:45,040 --> 00:01:46,280 Speaker 3: like not a whole lot. 36 00:01:46,000 --> 00:01:48,440 Speaker 2: I don't know. I just don't know the answer that. 37 00:01:48,520 --> 00:01:50,880 Speaker 1: I can't imagine being in car company trying to forecast 38 00:01:50,880 --> 00:01:54,200 Speaker 1: that out. All Right, what else you got we have? 39 00:01:54,320 --> 00:01:58,160 Speaker 1: Dominos demand for pizza is strong, even as each demand 40 00:01:58,240 --> 00:02:00,320 Speaker 1: is following the stock rods as much as for a 41 00:02:00,720 --> 00:02:03,720 Speaker 1: four point eight percent it's coming after the company total 42 00:02:03,760 --> 00:02:07,919 Speaker 1: domestics store compensation sales growth was pretty strong for the quarter. 43 00:02:09,000 --> 00:02:12,639 Speaker 1: Domino's locked high revenue in the third quarter. We're seeing 44 00:02:12,800 --> 00:02:17,040 Speaker 1: sales growth in US franchises continue to grow any international one. 45 00:02:17,200 --> 00:02:20,800 Speaker 1: Total US sales roles seven percent. International sales were up 46 00:02:21,080 --> 00:02:24,560 Speaker 1: five point seven percent. The stock is actually flat on 47 00:02:24,600 --> 00:02:28,320 Speaker 1: the ear so this is much needed, believe we're seeing today. 48 00:02:28,320 --> 00:02:30,840 Speaker 1: Domino says it continues to get share from out of 49 00:02:30,919 --> 00:02:36,200 Speaker 1: pizza chains and delivered promotions to Ink Disorder. We had 50 00:02:36,240 --> 00:02:39,120 Speaker 1: the best deal ever promotion with the cross pizza. I 51 00:02:39,120 --> 00:02:44,080 Speaker 1: don't know if you, but it's helping. It's helping, and 52 00:02:44,200 --> 00:02:48,040 Speaker 1: that's one of the reasons we're seeing some good results there. 53 00:02:48,080 --> 00:02:50,840 Speaker 3: All right. The stuffed Crossed pizza is made of premium 54 00:02:50,880 --> 00:02:54,040 Speaker 3: buttery flavored dough, stuffed with Malti cheese, made with one 55 00:02:54,400 --> 00:02:57,360 Speaker 3: percent real mazarella and topped with Domino's garlic seasoning and 56 00:02:57,400 --> 00:02:58,720 Speaker 3: a sprinkle of parmesan. 57 00:02:59,080 --> 00:03:00,480 Speaker 1: Wow that with. 58 00:03:05,240 --> 00:03:06,400 Speaker 2: All right, Polaris real quick. 59 00:03:07,000 --> 00:03:09,600 Speaker 1: Polaris is having a great day. It was up as 60 00:03:09,639 --> 00:03:13,240 Speaker 1: much as eleven percent. The recreational vehicle maker is pulling 61 00:03:13,280 --> 00:03:15,919 Speaker 1: out of the motorbike business and investors are pretty excited 62 00:03:15,919 --> 00:03:21,400 Speaker 1: about that. Polaris design. So those off road recreational vehicles 63 00:03:21,440 --> 00:03:24,919 Speaker 1: like ATVs, but they were also focus focusing on motorcycles, 64 00:03:25,240 --> 00:03:29,400 Speaker 1: which apparently wasn't that exciting for investors. The company also 65 00:03:29,440 --> 00:03:33,040 Speaker 1: gave premimenty preliminary results for its third quarter that were 66 00:03:33,040 --> 00:03:35,880 Speaker 1: pretty good, so that's another really for investors. The stock 67 00:03:36,000 --> 00:03:38,400 Speaker 1: is up eighteen percent year today, and you can imagine 68 00:03:38,400 --> 00:03:40,680 Speaker 1: a lot of the spike is coming off today's news. 69 00:03:41,160 --> 00:03:43,520 Speaker 1: The company didn't disclose the terms of the sale, but 70 00:03:43,640 --> 00:03:47,320 Speaker 1: said they investing the business will boost its anialysts adjusted 71 00:03:47,360 --> 00:03:51,520 Speaker 1: earnings by one one dollar per share. The CEO said 72 00:03:51,600 --> 00:03:54,040 Speaker 1: the sale would let the company focus on the parts 73 00:03:54,040 --> 00:03:57,000 Speaker 1: of the business that grow the most. Of course, these 74 00:03:57,000 --> 00:04:01,360 Speaker 1: are all ATV's UTVs, all those four wheel gew so yeah, 75 00:04:01,400 --> 00:04:04,800 Speaker 1: a lot of excitements from investors on that piece of news. 76 00:04:06,080 --> 00:04:10,320 Speaker 2: The Stockmovers Report from Bloomberg Radio. Check back with us 77 00:04:10,320 --> 00:04:13,120 Speaker 2: throughout the day for the latest roundup of companies making 78 00:04:13,200 --> 00:04:16,799 Speaker 2: news on Wall Street and for the latest market moving headlines. 79 00:04:17,040 --> 00:04:21,039 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 80 00:04:21,080 --> 00:04:24,159 Speaker 2: dot com, and on Applecarplay and Android Auto with the 81 00:04:24,200 --> 00:04:25,559 Speaker 2: Bloomberg Business app.