Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's get a check on some stocks on the moves.
Speaker 3: I'm Scarlett fil here with Paul Sweeney, and we want
Speaker 3: to bring in our very own Christine, you know, our
Speaker 3: managing editor at markets Live. What do you have, Christine?
Speaker 1: All right, Scarlett, Let's take a look at Qualcom this morning.
Speaker 1: A lot of volatility for that stock ticker QCOM. Earlier
Speaker 1: it was up at the open, but now down a
Speaker 1: little bit seven tenths of one percent lower this morning.
Speaker 1: And that is because there was a closely watched tech
Speaker 1: industry analyst that suggested the chip maker is working with
Speaker 1: AI giant open AI on a smartphone. So apparently, TF
Speaker 1: International Securities analyst man Chi Quote wrote in social media
Speaker 1: post that his latest industry checks revealed that open Ai
Speaker 1: was working with ME and Qualcom to develop smartphone processors.
Speaker 1: The report said that mass production is expected in twenty
Speaker 1: twenty eight, although Quote specific specifications and suppliers are expected
Speaker 1: to be finalized by late or aratority end of this
Speaker 1: year or the first quarter of next year, So a
Speaker 1: lot of buzz over there on open ai powered phone,
Speaker 1: but apparently not enough for to propel qualcom to games.
Speaker 1: This morner at least sustain thos opening games.
Speaker 4: Okay, Microsoft always news out on Microsoft.
Speaker 1: Absolutely Paul and related to open Ai as well, so
Speaker 1: Microsoft ticker MSFT, so that stock is down just about
Speaker 1: two cents of one percent now, so pairing some of
Speaker 1: those opening losses over one percent earlier today, and that
Speaker 1: is because we did get an announcement from Microsoft saying
Speaker 1: that both the company and open Ai have agreed to
Speaker 1: drop the software giant's exclusive rights to sell the startups
Speaker 1: AI model. So that means that the door is open
Speaker 1: for the CHADGBT maker to pursue deals with that with
Speaker 1: cloud computing rivals like Amazon. And also that Microsoft will
Speaker 1: no longer pay a revenue share and open Ai products
Speaker 1: that it resells on its cloud. So apparently this is
Speaker 1: meant to simplify a pretty complicated relationship between the two companies,
Speaker 1: but clearly investors are taking this as a slight negative
Speaker 1: for Microsoft today.
Speaker 3: All right, good stuff, and last one, we.
Speaker 1: All to talk about pizza Scarlett because it's almost lunchtime.
Speaker 1: Let's take a look at Dominoes today as a ticker DPZ.
Speaker 1: That stock is falling a good bit today, down more
Speaker 1: than nine percent, pairing some earlier losses, but that is
Speaker 1: still set for the biggest decline since July twenty twenty four.
Speaker 1: We did get earnings this morning, domestic and international comp
Speaker 1: sales both missing expectations. Here reported revenue for the first
Speaker 1: quarter also missing the average analyst estimate, and so the
Speaker 1: takeaway from Bloomberg in Challenges at least is that second
Speaker 1: quarter and third quarter comp sales estimates look overstated now
Speaker 1: because it's clearly having an impact from low and middle
Speaker 1: income consumers that are spending lesson pizza because they're having
Speaker 1: to do with higher gasoline prices, so potentially more downside
Speaker 1: to come.
Speaker 4: All right, I mean, I'm really live in like one
Speaker 4: of the great pizza regions something that world here, I know,
Speaker 4: But for the most of the rest of the world,
Speaker 4: who doesn't have local pizza, Ombino's is it And that's fine,
Speaker 4: and it's more than fine. Man, I lived in Richmond,
Speaker 4: We lived on that stuff.
Speaker 3: Yeah, I'm a New York pizza snop, so I can't
Speaker 3: I can't abide by anything that is a national change.
Speaker 4: Yeah, that's I get it. I wasn't even even in
Speaker 4: the pizza hut back in the day.
Speaker 1: That's not shoot, but that's a different experience. It is
Speaker 1: the salad bar.
Speaker 3: Yeah, absolutely rare, stuffed, crust and everything. Yep, yep, exactly right.
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