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 --> 00:00:13,360 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,680 --> 00:00:20,599 Speaker 2: Stock Movers it's a podcast is with Lisa Mateo. Pray 5 00:00:20,680 --> 00:00:22,160 Speaker 2: tell which stocks move it. 6 00:00:22,520 --> 00:00:25,480 Speaker 3: Let's go with Nvidio. Okay, we'll start there at NVDA. 7 00:00:25,800 --> 00:00:27,600 Speaker 3: Their shares have been up as much as one percent. 8 00:00:28,040 --> 00:00:31,040 Speaker 3: A lot of this centering on their chips, So we 9 00:00:31,120 --> 00:00:33,600 Speaker 3: don't write President Trump approved the exports of those h 10 00:00:33,680 --> 00:00:35,960 Speaker 3: two hundred chips. But now you have this report from 11 00:00:35,960 --> 00:00:39,559 Speaker 3: Reuters that Byte Dance, who you know from TikTok Ali Baba, 12 00:00:39,840 --> 00:00:42,960 Speaker 3: they're also looking to order them. The companies reporting the 13 00:00:43,040 --> 00:00:46,200 Speaker 3: waiting for the green light from China to place the orders. 14 00:00:46,240 --> 00:00:49,080 Speaker 3: These are reports, but just wanted to put there out there. 15 00:00:49,200 --> 00:00:49,360 Speaker 2: Now. 16 00:00:49,479 --> 00:00:53,000 Speaker 3: There's another report though. That's one's about their Blackwell chips, 17 00:00:53,479 --> 00:00:55,920 Speaker 3: which the US has forbidden from being exports to China. 18 00:00:55,960 --> 00:00:59,000 Speaker 3: But the information says that Deep Seek, that's that Chinese 19 00:00:59,040 --> 00:01:02,880 Speaker 3: AI startup. They've been developing its next major model using them. 20 00:01:02,880 --> 00:01:06,640 Speaker 3: And it's kind of this weird way. So basically they're 21 00:01:06,959 --> 00:01:09,280 Speaker 3: sent to data centers and countries that are allowed to 22 00:01:09,319 --> 00:01:12,800 Speaker 3: buy them, and then the servers with the chips are dismantled, 23 00:01:12,800 --> 00:01:15,800 Speaker 3: and then the equipment is imported in pieces to China. 24 00:01:15,880 --> 00:01:19,199 Speaker 2: It's really controversy. It's very to say. At least Paul 25 00:01:19,200 --> 00:01:24,160 Speaker 2: Advidia thirty six thousand people, Netflix fourteen thousand people. They 26 00:01:24,200 --> 00:01:28,399 Speaker 2: got about the same valuation. Yeah, and after synergies, I 27 00:01:28,400 --> 00:01:32,200 Speaker 2: guess Netflix then becomes more reasonably priced. How do you 28 00:01:32,280 --> 00:01:33,640 Speaker 2: trade Casablanca? 29 00:01:35,080 --> 00:01:36,600 Speaker 1: I don't know, but they're going to figure it out. 30 00:01:37,200 --> 00:01:39,679 Speaker 3: So they're just looking for more content. Content is king, 31 00:01:39,680 --> 00:01:42,759 Speaker 3: as somebody once said, Oh it's still nailed that ye. 32 00:01:43,200 --> 00:01:46,400 Speaker 3: Next this is this is Paul's favorite cracker barrel. Okay, 33 00:01:47,560 --> 00:01:50,920 Speaker 3: you're killing Yes, yes, they're just taking a hit today. 34 00:01:50,960 --> 00:01:54,320 Speaker 3: Down six percent. The logo change, I mean they wanted 35 00:01:54,320 --> 00:01:57,920 Speaker 3: to remove Uncle Hershel okay, and people did not like it. 36 00:01:58,080 --> 00:02:00,480 Speaker 3: They wanted to update the dining rooms. People did not 37 00:02:00,640 --> 00:02:03,640 Speaker 3: like that the modern feel. So they said basically, they 38 00:02:03,640 --> 00:02:06,560 Speaker 3: expect sales to fall faster than they previously expected. At 39 00:02:06,600 --> 00:02:09,400 Speaker 3: CEO set, a recovery is going to take time. Foot 40 00:02:09,480 --> 00:02:12,920 Speaker 3: traffic has fallen eleven percent in the current quarter. Visits 41 00:02:12,960 --> 00:02:16,000 Speaker 3: have kind of stabilized in recent weeks. But they're looking 42 00:02:16,000 --> 00:02:17,720 Speaker 3: to off this set the slowdown, right, They want to 43 00:02:17,720 --> 00:02:20,240 Speaker 3: cut costs. They said it should deliver about twenty to 44 00:02:20,240 --> 00:02:24,560 Speaker 3: twenty five million in savings. They're changing the marketing strategy. Okay, 45 00:02:24,600 --> 00:02:27,680 Speaker 3: so they're trying to renew those ties with those core customers, right. 46 00:02:27,720 --> 00:02:31,200 Speaker 3: So they're focusing on NASCAR, they're focusing on college football, 47 00:02:31,240 --> 00:02:34,799 Speaker 3: they're focusing on country music veterans. And that's kind of 48 00:02:34,960 --> 00:02:37,960 Speaker 3: what where they're going back to at this point. 49 00:02:38,919 --> 00:02:42,520 Speaker 2: But the bottom line here, I mean, I'm getting the 50 00:02:42,560 --> 00:02:45,320 Speaker 2: map up right now, Paul. I mean a week for 51 00:02:45,560 --> 00:02:49,639 Speaker 2: securities cracker barrel was the Dow Jones equivalent. Absolutely, Oh yeah, 52 00:02:49,639 --> 00:02:52,880 Speaker 2: when there's like fourteen cracker barrels around Richmond, Virginia. 53 00:02:52,960 --> 00:02:54,440 Speaker 1: Same thing for Durham, North Carolina. 54 00:02:54,560 --> 00:02:55,960 Speaker 2: Same thing for Bowling Green, Kentucky. 55 00:02:56,040 --> 00:02:58,920 Speaker 1: So there's a few here in the metro area, so 56 00:02:59,360 --> 00:03:00,160 Speaker 1: you can go to one. 57 00:03:00,520 --> 00:03:03,000 Speaker 2: There's five around Richmond. Yep. 58 00:03:03,200 --> 00:03:06,760 Speaker 1: Absolutely, and they're all I think like ninety percent of 59 00:03:06,800 --> 00:03:09,120 Speaker 1: the stores are within half a mile of an interstate. 60 00:03:09,400 --> 00:03:11,800 Speaker 2: That's kind of the you see it as you're driving. 61 00:03:12,040 --> 00:03:14,880 Speaker 3: It's a round trip place. Yes, definitely. That's the last 62 00:03:14,880 --> 00:03:19,480 Speaker 3: time I when I drove to Florida. Okay, I want 63 00:03:19,480 --> 00:03:23,760 Speaker 3: to end with Game Stop GM sliding about six percent. Yeah, 64 00:03:23,800 --> 00:03:29,360 Speaker 3: the og memes j who no so recorded lower revenue 65 00:03:29,360 --> 00:03:30,280 Speaker 3: in the fiscal third quarter. 66 00:03:30,400 --> 00:03:30,520 Speaker 2: Though. 67 00:03:30,560 --> 00:03:33,880 Speaker 3: The breakdown is so you have hardware, accessories, and software 68 00:03:33,960 --> 00:03:36,760 Speaker 3: to sales. Those all decline. The only thing that was 69 00:03:36,760 --> 00:03:39,920 Speaker 3: a bright spot for them were collectibles, were they increase 70 00:03:39,960 --> 00:03:43,200 Speaker 3: about fifty percent. And then you have that bitcoin tie 71 00:03:43,240 --> 00:03:45,240 Speaker 3: too with game Stop. I mean they bought more than 72 00:03:45,280 --> 00:03:48,880 Speaker 3: forty seven hundred bitcoin in May and June. It's holdings 73 00:03:48,960 --> 00:03:51,000 Speaker 3: valued at about five hundred and nineteen million at the 74 00:03:51,000 --> 00:03:53,000 Speaker 3: closure to the third quarter. When you compare that to 75 00:03:53,080 --> 00:03:55,880 Speaker 3: the second quarter, that second quarter was five hundred and 76 00:03:55,960 --> 00:03:59,840 Speaker 3: twenty eight million, so a little bit less when it comes. 77 00:03:59,720 --> 00:04:05,000 Speaker 1: To it's the Stockmovers Report from Bloomberg Radio. Check back 78 00:04:05,000 --> 00:04:07,240 Speaker 1: with us throughout the day for the latest roundup of 79 00:04:07,280 --> 00:04:10,600 Speaker 1: companies making news on Wall Street and for the latest 80 00:04:10,600 --> 00:04:14,840 Speaker 1: market moving headlines. Listen to Bloomberg Radio Live, catch us 81 00:04:14,840 --> 00:04:18,600 Speaker 1: on YouTube, Bloomberg dot com, and on Applecarplay and Android 82 00:04:18,600 --> 00:04:20,599 Speaker 1: Auto with the Bloomberg Business app.