1 00:00:02,520 --> 00:00:09,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:17,160 Speaker 2: the stock market, harnessing the power of Bloomberg data. 4 00:00:17,680 --> 00:00:18,919 Speaker 3: Let's take a look at some of the stocks in 5 00:00:18,960 --> 00:00:20,640 Speaker 3: the move today. Im Alex deal with Paul Sweeney. We're 6 00:00:20,680 --> 00:00:23,720 Speaker 3: joining in by Bloomberg. Isabelle Lee. Gotta start on Boeing. 7 00:00:23,960 --> 00:00:25,600 Speaker 3: What's the latest and what's. 8 00:00:25,360 --> 00:00:28,160 Speaker 1: With the stock? The stock is down four point three percent, 9 00:00:28,640 --> 00:00:31,120 Speaker 1: that's the biggest decliner is an S and P five hundred. 10 00:00:31,160 --> 00:00:33,640 Speaker 1: So again, of course, this comes after the fatal plane 11 00:00:33,680 --> 00:00:36,080 Speaker 1: crash that killed more than two hundred people. There were 12 00:00:36,120 --> 00:00:39,760 Speaker 1: no reports of survivors and the Boeing seven eight seven 13 00:00:39,800 --> 00:00:42,440 Speaker 1: Dreamliner was operated by Air India and bound for London 14 00:00:42,600 --> 00:00:44,760 Speaker 1: and it crashed shortly after taking off. And this is 15 00:00:44,760 --> 00:00:49,760 Speaker 1: the worst disaster involving Boeing's bost advanced twin aisle aircraft. 16 00:00:49,800 --> 00:00:53,400 Speaker 1: So shares of its suppliers General Electric and Aerosystems also 17 00:00:53,440 --> 00:00:55,680 Speaker 1: down by more than two percent, and based on a 18 00:00:55,760 --> 00:00:57,960 Speaker 1: number of people on board, this would be the worst 19 00:00:58,000 --> 00:01:02,160 Speaker 1: commercial air crash since ty fourteen, according to Aviation Safety Network. 20 00:01:02,200 --> 00:01:04,240 Speaker 1: It's just really scary and Boeing has had a string 21 00:01:04,280 --> 00:01:06,560 Speaker 1: of accidents since twenty eighteen and twenty nineteen. 22 00:01:06,800 --> 00:01:09,160 Speaker 2: Yep, yep, you just kind of thought they were turning 23 00:01:09,160 --> 00:01:11,000 Speaker 2: the quarter. The stock just kind of turning the quarter, 24 00:01:11,040 --> 00:01:11,479 Speaker 2: putting some. 25 00:01:11,400 --> 00:01:12,640 Speaker 1: Of that in the rear view mirror, and here we 26 00:01:12,720 --> 00:01:15,119 Speaker 1: go against We have to see how that plays out. 27 00:01:15,520 --> 00:01:16,479 Speaker 2: What's happening with Oracle. 28 00:01:16,720 --> 00:01:19,120 Speaker 1: Oracle is rising twelve percent. This is an all time high. 29 00:01:19,160 --> 00:01:22,559 Speaker 1: So this comes after the company projected cloud infrastructure sales 30 00:01:22,760 --> 00:01:25,319 Speaker 1: will jump more than seventy percent in the current fiscal year. 31 00:01:25,400 --> 00:01:29,160 Speaker 1: So obviously this got investors excited, boosting enthusiasm. So the 32 00:01:29,200 --> 00:01:31,320 Speaker 1: company is long known for its databased software and it's 33 00:01:31,360 --> 00:01:34,000 Speaker 1: been gaining traction and its effort to really just become 34 00:01:34,000 --> 00:01:36,679 Speaker 1: a major player in the business of cloud computing, which 35 00:01:36,760 --> 00:01:39,839 Speaker 1: is to put it simplistically and basically it's just really 36 00:01:39,840 --> 00:01:43,160 Speaker 1: renting out computer power and storage. They've been targeting clients 37 00:01:43,160 --> 00:01:45,679 Speaker 1: focused on AI work and they found our niche in 38 00:01:45,720 --> 00:01:49,040 Speaker 1: renting out AI focused computer power as other industry giants 39 00:01:49,160 --> 00:01:52,200 Speaker 1: like Amazon has really been stretched to the limit. So 40 00:01:52,640 --> 00:01:55,320 Speaker 1: the past month, the stock has climbed seventeen percent as 41 00:01:55,360 --> 00:01:57,760 Speaker 1: investors just really grow more optimistic on the stock. 42 00:01:58,000 --> 00:02:00,360 Speaker 3: Yeah, I was. We broke earnings as they can came out. 43 00:02:00,400 --> 00:02:03,600 Speaker 3: An initial reaction to the stock was actually lower. But 44 00:02:03,640 --> 00:02:05,760 Speaker 3: then this, this was the sentence that I had found 45 00:02:05,800 --> 00:02:09,760 Speaker 3: in the report. We expect total cloud growth rate applications 46 00:02:09,760 --> 00:02:12,200 Speaker 3: plus infrastructure will increase from twenty four percent in the 47 00:02:12,240 --> 00:02:15,440 Speaker 3: full year twenty twenty five to over forty percent in 48 00:02:15,520 --> 00:02:17,960 Speaker 3: the full year of twenty twenty six. The cloud infrastructure 49 00:02:17,960 --> 00:02:20,720 Speaker 3: growth rate is expected to be over seventy percent. 50 00:02:20,840 --> 00:02:23,200 Speaker 1: Yes, that's a wild number. And the stock tickers or 51 00:02:23,480 --> 00:02:26,239 Speaker 1: cl all right, yeah, just keeped on giving the cloud 52 00:02:26,360 --> 00:02:27,120 Speaker 1: the AI thing. 53 00:02:27,320 --> 00:02:30,120 Speaker 3: Everybody's yeah, but you know, it's it's it seems like 54 00:02:30,120 --> 00:02:33,400 Speaker 3: it's the AI cloud infrastructure part now where a lot 55 00:02:33,400 --> 00:02:34,880 Speaker 3: of the focus is being turned to our. 56 00:02:34,840 --> 00:02:35,720 Speaker 1: Let's go to Oxford. 57 00:02:35,760 --> 00:02:38,720 Speaker 3: So Oxford makes the Tommy Bahama stuff, right, Lily Pulitzer, 58 00:02:38,960 --> 00:02:43,320 Speaker 3: Tommy Bahama, Lily Pulitzer, Southern Tide, the Bonnett Company, Duckhead, 59 00:02:43,360 --> 00:02:44,639 Speaker 3: Johnny Weston, Jack Rocketters. 60 00:02:44,960 --> 00:02:47,960 Speaker 1: None of them sound familiar to me, actually, And. 61 00:02:47,919 --> 00:02:52,200 Speaker 3: You know that's okay as well, that's a okay. 62 00:02:52,040 --> 00:02:55,960 Speaker 2: For you, sure, okay, I mean you're going to wear tomorrow? 63 00:02:56,800 --> 00:03:01,480 Speaker 1: Yes, oh, yeah, that's not, Tommy, Yeah, it's not. It's 64 00:03:01,520 --> 00:03:04,639 Speaker 1: just summert now forty degree celsius there forty oh my 65 00:03:04,840 --> 00:03:07,760 Speaker 1: thereelshod here, that's probably. 66 00:03:07,360 --> 00:03:10,320 Speaker 3: One hundred ninety yeah, yikers, all right. 67 00:03:10,440 --> 00:03:13,919 Speaker 1: Also the stock oh exam, oh right, let's get it. 68 00:03:13,720 --> 00:03:16,640 Speaker 1: It's down by nearly ten percent. The company slash its 69 00:03:16,680 --> 00:03:19,760 Speaker 1: profit forecast for the fiscal year. They reported EPs close 70 00:03:19,840 --> 00:03:23,120 Speaker 1: to estimates and sales above estimates. So True said that 71 00:03:23,160 --> 00:03:26,359 Speaker 1: they remain cautious in Oxford's outlook, especially given an uncertain 72 00:03:26,400 --> 00:03:29,040 Speaker 1: second half of the year. City said it's not surprising 73 00:03:29,080 --> 00:03:31,919 Speaker 1: that they cut guidance again due to tariff and especially 74 00:03:31,960 --> 00:03:34,520 Speaker 1: considering the company's exposures to China. I feel like this 75 00:03:34,560 --> 00:03:36,840 Speaker 1: is the reason over and over again for companies. 76 00:03:38,200 --> 00:03:42,320 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 77 00:03:42,440 --> 00:03:45,200 Speaker 2: us throughout the day for the latest roundup of companies 78 00:03:45,240 --> 00:03:48,280 Speaker 2: making news on Wall Street and for the latest market 79 00:03:48,320 --> 00:03:52,680 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 80 00:03:52,720 --> 00:03:55,960 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 81 00:03:56,040 --> 00:03:57,520 Speaker 2: the Bloomberg Business app.