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 00:00:16,360 --> 00:00:18,760 Speaker 3: Paul Swingey along with Isabelle and we're joined by Bloombergs. 5 00:00:18,760 --> 00:00:20,120 Speaker 3: They need to socovid, they needs What are you looking 6 00:00:20,120 --> 00:00:20,560 Speaker 3: at today? 7 00:00:20,920 --> 00:00:24,480 Speaker 1: We just cannot stop talking about McDonald's. Sales picked up 8 00:00:24,560 --> 00:00:28,920 Speaker 1: in the latest quarter. The collaboration and the budget mills 9 00:00:28,960 --> 00:00:31,440 Speaker 1: are working. I don't know if you're following, but they 10 00:00:31,440 --> 00:00:34,400 Speaker 1: have a launch of a Minecraft movie, and I don't 11 00:00:34,440 --> 00:00:37,520 Speaker 1: know what's your take on Squish metals, but they're definitely helping. 12 00:00:37,560 --> 00:00:41,440 Speaker 1: The stock is up three percent today. The tickers mcd 13 00:00:42,080 --> 00:00:45,760 Speaker 1: global sales restaurants open at least thirteen months rows about 14 00:00:45,800 --> 00:00:50,000 Speaker 1: four percent. That's higher than what analysts on the street expected. 15 00:00:50,560 --> 00:00:53,199 Speaker 1: The company is now up six percent year today, so 16 00:00:53,320 --> 00:00:56,360 Speaker 1: this was a much needed boost. International markets led the 17 00:00:56,360 --> 00:00:59,920 Speaker 1: company grows. The US is still doing well. As a mayor, 18 00:01:00,080 --> 00:01:02,800 Speaker 1: kurtson spending more per trip, and that's the definitely you 19 00:01:02,800 --> 00:01:03,720 Speaker 1: bring in that' said. 20 00:01:03,720 --> 00:01:05,640 Speaker 3: The company has been under a lot of pressure. 21 00:01:05,680 --> 00:01:08,839 Speaker 1: There has been an ecoali outbreak, there has been backlash 22 00:01:08,880 --> 00:01:11,400 Speaker 1: against American brands in the Middle East, and obviously there 23 00:01:11,440 --> 00:01:12,560 Speaker 1: is a consumer unease. 24 00:01:12,959 --> 00:01:15,320 Speaker 3: So this is very welcome news. 25 00:01:15,520 --> 00:01:18,760 Speaker 1: And you know, all the pop culture collaboration and paying off, 26 00:01:18,800 --> 00:01:20,800 Speaker 1: and we're excited to see where that goes. All right, 27 00:01:20,800 --> 00:01:24,480 Speaker 1: Tita Isabelle, same question to you last time at McDonald's. 28 00:01:24,240 --> 00:01:25,280 Speaker 3: Maybe five years ago. 29 00:01:25,760 --> 00:01:28,600 Speaker 2: I don't need McDonald's, but when I was in India, 30 00:01:28,720 --> 00:01:30,759 Speaker 2: I tried to one because they have more vegetarian options 31 00:01:30,760 --> 00:01:32,560 Speaker 2: and I'm vegetarians. 32 00:01:33,400 --> 00:01:38,000 Speaker 3: We need more vegie options in the uses. Snap. What's 33 00:01:38,000 --> 00:01:39,000 Speaker 3: going on there? Snap? 34 00:01:39,160 --> 00:01:41,520 Speaker 1: It's having a pretty tough day. The stock is down 35 00:01:41,800 --> 00:01:46,039 Speaker 1: eighteen percent. Obviously started yesterday after the earnings. We say 36 00:01:46,160 --> 00:01:50,640 Speaker 1: the owner of Snapchat acknowledge is slowed down in advertising revenue. 37 00:01:50,640 --> 00:01:53,680 Speaker 1: The company on Tuesday reported second quarter sales that were 38 00:01:54,080 --> 00:01:57,080 Speaker 1: lower than what Wall Street expected. Revenue in the June 39 00:01:57,120 --> 00:02:00,920 Speaker 1: quarter was down. The company shipped an updated to advertising 40 00:02:01,000 --> 00:02:04,880 Speaker 1: auction that eventually allowed marketers to buy ads at a 41 00:02:04,920 --> 00:02:06,320 Speaker 1: substantially reduced price. 42 00:02:06,520 --> 00:02:07,720 Speaker 3: It's all about the ads. 43 00:02:07,760 --> 00:02:11,000 Speaker 1: The company gets about ninety percent of its revenue from advertising, 44 00:02:12,160 --> 00:02:14,160 Speaker 1: so that's definitely a big hit. If we look at 45 00:02:14,200 --> 00:02:17,919 Speaker 1: the stock, irritdate thirty percent down, really big hits to 46 00:02:17,960 --> 00:02:19,880 Speaker 1: a company that had quite a few good years, but 47 00:02:20,160 --> 00:02:22,280 Speaker 1: this year it's under a lot of pressure and it's all. 48 00:02:22,240 --> 00:02:24,120 Speaker 3: About ads, all right. 49 00:02:24,160 --> 00:02:28,560 Speaker 1: Finally, Lucid electric vehicles, that's another theme that has seen 50 00:02:28,600 --> 00:02:30,320 Speaker 1: a lot of pressure. We saw what happened to test 51 00:02:30,360 --> 00:02:33,519 Speaker 1: what the Elucid trimped its full year production outlook, making 52 00:02:33,720 --> 00:02:38,440 Speaker 1: electric vehicles the latest car maker to temper expectation for 53 00:02:38,520 --> 00:02:42,320 Speaker 1: the year. Stock is down eight percent. Ticker is l CID. 54 00:02:42,600 --> 00:02:46,279 Speaker 1: The company now expects to produce eighteen to twenty thousand. 55 00:02:46,080 --> 00:02:48,600 Speaker 3: Vehicles in the year. That is lower than what we. 56 00:02:48,600 --> 00:02:51,680 Speaker 1: Previously previously had. There has been so much pressure on 57 00:02:51,880 --> 00:02:57,160 Speaker 1: ev makers. Obviously the credit has been taken, and we 58 00:02:57,200 --> 00:02:59,480 Speaker 1: saw what happened to test what that said. They're launching 59 00:02:59,560 --> 00:03:02,880 Speaker 1: a self driving taxis in twenty twenty six, and that's 60 00:03:02,880 --> 00:03:03,639 Speaker 1: the big hope now. 61 00:03:03,639 --> 00:03:04,680 Speaker 3: So let's see if that helps. 62 00:03:05,840 --> 00:03:10,080 Speaker 2: The stockmovers report from Bloomberg Radio. 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