1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,239 --> 00:00:20,200 Speaker 1: I'm Jim Steneveac along with Carol Master. Let's take a 5 00:00:20,200 --> 00:00:22,279 Speaker 1: look at some stocks on the move today with us 6 00:00:22,320 --> 00:00:26,200 Speaker 1: as Bloomberg News Cross Asset reporter Emily GRIFFEO Emily. Lot 7 00:00:26,280 --> 00:00:27,120 Speaker 1: to choose from today? 8 00:00:27,240 --> 00:00:29,160 Speaker 3: Oh yeah, there were a lot of movers. I picked 9 00:00:29,200 --> 00:00:33,720 Speaker 3: an American Bellweather company. We could call it Deer, the 10 00:00:33,800 --> 00:00:38,440 Speaker 3: tractor company ticker de E. It's actually falling biggest intro 11 00:00:38,560 --> 00:00:41,120 Speaker 3: day drop since twenty twenty two. It's paired the losses 12 00:00:41,159 --> 00:00:44,040 Speaker 3: a little bit, but it's still down about six percent. 13 00:00:44,080 --> 00:00:47,200 Speaker 3: They trim their net income forecast for the full year 14 00:00:47,240 --> 00:00:51,720 Speaker 3: with lower grain prices curbing farmers spending, and the company 15 00:00:51,720 --> 00:00:54,880 Speaker 3: actually came out and said itself, customers remained cautious amid 16 00:00:54,960 --> 00:00:57,600 Speaker 3: ongoing uncertainty. And then when you look at what the 17 00:00:57,640 --> 00:01:01,120 Speaker 3: street had to say, Wall Street anas were a little 18 00:01:01,120 --> 00:01:04,560 Speaker 3: bit more blunt. CFRA said, tariff uncertainty is making farmers 19 00:01:04,600 --> 00:01:06,760 Speaker 3: cautious and spending decisions, so like you're not going to 20 00:01:06,760 --> 00:01:08,640 Speaker 3: buy a big tractor. If you think, all of a 21 00:01:08,680 --> 00:01:11,520 Speaker 3: sudden it's getting killed today, tariffs are going to hit 22 00:01:11,600 --> 00:01:12,120 Speaker 3: your business. 23 00:01:12,240 --> 00:01:14,280 Speaker 1: Yeah, Stuck is still up though for the year about 24 00:01:14,319 --> 00:01:17,160 Speaker 1: thirteen percent. But man, quite a haircut today. 25 00:01:17,240 --> 00:01:20,600 Speaker 3: Yeah, it's about a nine billion dollar change in market 26 00:01:20,680 --> 00:01:21,400 Speaker 3: cap right now. 27 00:01:21,640 --> 00:01:24,680 Speaker 1: Yeah, that accounts or something hey talk to just about. Tapestry. 28 00:01:24,760 --> 00:01:25,680 Speaker 2: Ticker is TPR. 29 00:01:25,760 --> 00:01:28,160 Speaker 3: Okay, So Tapestry, I feel like was coming back in 30 00:01:28,200 --> 00:01:30,399 Speaker 3: the news a lot this year because they're the parent 31 00:01:30,440 --> 00:01:33,760 Speaker 3: company of some brands that were probably all familiar with 32 00:01:33,840 --> 00:01:37,160 Speaker 3: Kate Spade Coach. Bloomberg News has actually written a lot 33 00:01:37,200 --> 00:01:40,600 Speaker 3: about how Coach was making really big inroads with gen Z. 34 00:01:41,200 --> 00:01:44,399 Speaker 3: That business is actually still doing well. Their earnings came out, though, 35 00:01:44,680 --> 00:01:47,520 Speaker 3: and they forecasted a rough year head for the Kate 36 00:01:47,600 --> 00:01:51,360 Speaker 3: Spade business, and then their EPs forecast missed Wall Streets 37 00:01:51,720 --> 00:01:55,120 Speaker 3: high expectations. The company also said it's facing greater than 38 00:01:55,120 --> 00:01:59,760 Speaker 3: expected profit headwinds from guess what, tariffs. So that ticker 39 00:01:59,800 --> 00:02:02,919 Speaker 3: is TPR, and the stock is down about fourteen percent 40 00:02:03,000 --> 00:02:06,360 Speaker 3: right now, biggest intrare day drop though since March twenty twenty. 41 00:02:06,400 --> 00:02:08,440 Speaker 1: But it's almost fifty percent this year. 42 00:02:08,600 --> 00:02:10,400 Speaker 3: Yeah, I think it's a little bit of profit taking 43 00:02:10,400 --> 00:02:12,560 Speaker 3: today and probably also a little bit of like super 44 00:02:12,639 --> 00:02:14,519 Speaker 3: high expectations heading into the report. 45 00:02:14,639 --> 00:02:18,640 Speaker 1: Anyway, I have an original black Cate space which she 46 00:02:18,800 --> 00:02:20,840 Speaker 1: was made when she was like kind of handmaking it 47 00:02:20,960 --> 00:02:22,760 Speaker 1: from her own, putting her little labels on it. 48 00:02:22,919 --> 00:02:23,640 Speaker 3: That's incredible. 49 00:02:23,720 --> 00:02:25,720 Speaker 1: It's like, can you tell people that, Carol, I don't 50 00:02:25,760 --> 00:02:26,359 Speaker 1: even let. 51 00:02:26,919 --> 00:02:28,040 Speaker 2: I don't even let Aggie have it. 52 00:02:28,120 --> 00:02:31,480 Speaker 1: Yeah, okay, speaking of stocks that are up. 53 00:02:31,560 --> 00:02:34,480 Speaker 3: Bullish, bullish, Yeah, good day to be a bull here 54 00:02:35,200 --> 00:02:37,080 Speaker 3: on this stock. If you guys don't mind the pun. 55 00:02:37,560 --> 00:02:41,600 Speaker 3: This company iPod. Yesterday it was they raised over a 56 00:02:41,639 --> 00:02:44,639 Speaker 3: billion dollars in the IPO. It was insane of a 57 00:02:44,720 --> 00:02:47,639 Speaker 3: day yesterday. It's extending those games today. It's up about 58 00:02:47,680 --> 00:02:53,000 Speaker 3: seven percent right now. Yesterday that was up over two 59 00:02:53,160 --> 00:02:56,160 Speaker 3: hundred percent with their shares doublings from the IPO price. 60 00:02:56,160 --> 00:02:58,320 Speaker 3: So this is a crypto company. They're also the parent 61 00:02:58,360 --> 00:03:01,400 Speaker 3: company of coin Desk, which is a crypt news company, 62 00:03:01,440 --> 00:03:03,480 Speaker 3: and they also have a digital asset exchange. Get it. 63 00:03:03,600 --> 00:03:05,320 Speaker 1: I'm just gonna hi. My name is Carol, and I 64 00:03:05,320 --> 00:03:05,760 Speaker 1: don't get it. 65 00:03:05,800 --> 00:03:09,120 Speaker 3: Well. Other people I guess in the market that macs 66 00:03:09,520 --> 00:03:11,840 Speaker 3: or want to get in on the momentum and the speculation. 67 00:03:11,919 --> 00:03:14,920 Speaker 3: It's been a good year for like crypto companies going public, 68 00:03:15,480 --> 00:03:17,280 Speaker 3: crypto companies being added to the S and P five 69 00:03:17,360 --> 00:03:21,480 Speaker 3: hundred with Coinbase Circle the stable company IPO in June. 70 00:03:21,800 --> 00:03:24,320 Speaker 3: So it's hot right now to kind of tap into 71 00:03:24,360 --> 00:03:26,480 Speaker 3: the public markets and get financing if you're. 72 00:03:26,360 --> 00:03:27,880 Speaker 1: In a better year for IPOs. 73 00:03:28,000 --> 00:03:30,079 Speaker 3: Yeah, and bitcoin is doing so well too, so it's 74 00:03:30,800 --> 00:03:32,040 Speaker 3: us to storm altogether. 75 00:03:33,280 --> 00:03:37,280 Speaker 2: The Stock Mover's Report from Bloomberg Radio. Check back with 76 00:03:37,360 --> 00:03:39,960 Speaker 2: us throughout the day for the latest roundup of companies 77 00:03:40,000 --> 00:03:43,080 Speaker 2: making news on Wall Street and for the latest market 78 00:03:43,160 --> 00:03:47,600 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 79 00:03:47,720 --> 00:03:51,200 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 80 00:03:51,280 --> 00:03:52,760 Speaker 2: the Bloomberg Business app.