1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,640 --> 00:00:13,040 Speaker 2: The Stock Movers podcast, your roundup of companies making moves 3 00:00:13,080 --> 00:00:16,480 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,000 --> 00:00:18,840 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:18,920 --> 00:00:23,040 Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel. Starting off 6 00:00:23,079 --> 00:00:27,120 Speaker 3: with the biggest decliner in the pre market this morning, Valerie. 7 00:00:27,120 --> 00:00:31,400 Speaker 3: Intel continues to sync in early trading after disappointing earnings. 8 00:00:31,440 --> 00:00:34,040 Speaker 1: Good morning, Good morning, Nathan. Yes, let's start with Intel. 9 00:00:34,120 --> 00:00:37,440 Speaker 1: Those shares are down over eight percent, continuing to drop 10 00:00:37,479 --> 00:00:39,680 Speaker 1: as the pre market trade. It continues on. They had 11 00:00:39,720 --> 00:00:43,479 Speaker 1: a bruising investor reaction to what was a struggle for 12 00:00:43,560 --> 00:00:46,680 Speaker 1: the CEO to show that its turnaround plan is on track. 13 00:00:46,760 --> 00:00:50,360 Speaker 1: The CEO actually sparked concerns that he was more focused 14 00:00:50,400 --> 00:00:54,440 Speaker 1: on cost cutting than restoring the chip maker's technological edge. 15 00:00:54,760 --> 00:00:58,000 Speaker 1: He said that the company will cancel some factory projects 16 00:00:58,280 --> 00:01:00,920 Speaker 1: and take a more conservative approach which to future spending, 17 00:01:00,960 --> 00:01:03,160 Speaker 1: which is really quite the opposite to some other big 18 00:01:03,200 --> 00:01:06,080 Speaker 1: tech names we've heard from this week, especially Alphabet who 19 00:01:06,120 --> 00:01:10,240 Speaker 1: increase their CAPEX spending on the year. The CEO said 20 00:01:10,240 --> 00:01:12,880 Speaker 1: that he does not subscribe to the belief that if 21 00:01:12,920 --> 00:01:14,880 Speaker 1: you build it, they will come, which is given a 22 00:01:14,959 --> 00:01:19,479 Speaker 1: knock to the previous CEO's investments, calling them excessive and unwise, 23 00:01:19,880 --> 00:01:23,240 Speaker 1: criticizing his previous ambition of a plan to turn Intel 24 00:01:23,240 --> 00:01:26,040 Speaker 1: into a chip foundry. Now Intel has struggled to convince 25 00:01:26,040 --> 00:01:29,160 Speaker 1: the market of its turnaround. There was talk of significant 26 00:01:29,240 --> 00:01:32,319 Speaker 1: job cuts and pressure on second half margins, and Intel 27 00:01:32,440 --> 00:01:35,840 Speaker 1: did guide for a break even quarter. Analyst had projected 28 00:01:35,880 --> 00:01:39,280 Speaker 1: a four percent gain on that basis, so Intel in 29 00:01:39,319 --> 00:01:41,479 Speaker 1: the red down nearly eight and a half percent. 30 00:01:42,200 --> 00:01:44,959 Speaker 3: The big other side of the coin here for deckers 31 00:01:45,000 --> 00:01:47,039 Speaker 3: after their earnings, I guess a lot of people are 32 00:01:47,040 --> 00:01:48,080 Speaker 3: buying UG boots right now. 33 00:01:48,680 --> 00:01:51,840 Speaker 1: You have positive story for Deckers, a big sales jump. 34 00:01:51,960 --> 00:01:55,520 Speaker 1: Sales jumps double digits for their UG brands and around 35 00:01:55,600 --> 00:02:00,120 Speaker 1: twenty percent for their Hoka running sneakers. The CEO has 36 00:02:00,160 --> 00:02:03,360 Speaker 1: been steering Deckers through tariff pressures all while trying to 37 00:02:03,400 --> 00:02:06,760 Speaker 1: capitalize on the rising popularity of those Hoka running sneakers. 38 00:02:06,800 --> 00:02:10,120 Speaker 1: In the shoe category, Management is finding success with UGG 39 00:02:10,200 --> 00:02:13,480 Speaker 1: brand items that can be sold year round, such as 40 00:02:13,520 --> 00:02:15,880 Speaker 1: sandals and sneakers. I'm not sure how you feel about 41 00:02:15,919 --> 00:02:19,160 Speaker 1: ug flip flops, Nathan, but it could suit someone summer 42 00:02:19,160 --> 00:02:23,480 Speaker 1: holiday plans out there. So Deckers shares are taking a 43 00:02:23,480 --> 00:02:25,880 Speaker 1: big jump as well as their sales. Shares are up 44 00:02:25,880 --> 00:02:27,440 Speaker 1: over twelve percent in pre market. 45 00:02:27,600 --> 00:02:29,959 Speaker 3: Now I'm feeling bad that I wore regular shoes into 46 00:02:29,960 --> 00:02:33,280 Speaker 3: work today. It's another hot one. We got earnings as 47 00:02:33,280 --> 00:02:35,320 Speaker 3: well from a health insurance Senteen. 48 00:02:35,440 --> 00:02:38,440 Speaker 1: This was a disappointment, a disappointment for the health insurre 49 00:02:38,440 --> 00:02:41,480 Speaker 1: Senteen down around eleven percent. They are a significant player 50 00:02:41,520 --> 00:02:45,080 Speaker 1: in the health insurance industry, the largest medicaid insure in 51 00:02:45,120 --> 00:02:49,080 Speaker 1: the US. They reported a surprise quarterly loss, citing a 52 00:02:49,120 --> 00:02:53,360 Speaker 1: miscalculation in its Affordable Care Act business. Senteen said it 53 00:02:53,360 --> 00:02:56,280 Speaker 1: would provide an updated guidance in a conference call with analysts, 54 00:02:56,280 --> 00:02:59,280 Speaker 1: which starts at eight am. But the insurer chalked up 55 00:02:59,280 --> 00:03:02,360 Speaker 1: the second quarter lost to in miscalculation and its Affordable 56 00:03:02,440 --> 00:03:05,000 Speaker 1: Act Care Act business, which is the same reason it 57 00:03:05,040 --> 00:03:07,880 Speaker 1: pulled guidance earlier this year. So bad news again for 58 00:03:08,000 --> 00:03:10,760 Speaker 1: Centing and whoever's calculating their figures. Those shares are down 59 00:03:10,840 --> 00:03:11,839 Speaker 1: eleven percent. 60 00:03:11,720 --> 00:03:13,720 Speaker 3: And we got to keep an eye on shares of 61 00:03:13,840 --> 00:03:17,720 Speaker 3: companies overseas. That are talking about how they're navigating tariffs 62 00:03:17,760 --> 00:03:20,720 Speaker 3: as they report earnings. Let's talk about Volkswagen. 63 00:03:21,120 --> 00:03:24,639 Speaker 1: Yeah, Volkswagen, the earnings actually did not come out decent 64 00:03:24,680 --> 00:03:27,440 Speaker 1: and it cut its margin guidance and it lowered its 65 00:03:27,480 --> 00:03:30,240 Speaker 1: outlook for the years. But what the market focus on 66 00:03:30,320 --> 00:03:32,320 Speaker 1: and why the shares are up two point eight percent 67 00:03:32,720 --> 00:03:35,560 Speaker 1: over in Germany is their CEO said that they expect 68 00:03:35,880 --> 00:03:39,720 Speaker 1: a tariff of around fifteen percent from these EUUs trade talks, 69 00:03:39,720 --> 00:03:42,400 Speaker 1: which is a big reduction from the twenty five percent 70 00:03:42,400 --> 00:03:44,480 Speaker 1: tariff level that we know is in on the auto 71 00:03:44,560 --> 00:03:47,200 Speaker 1: industry at the moment. So market is taking that pretty positively. 72 00:03:47,280 --> 00:03:50,560 Speaker 1: So are other German automakers and even US automakers so 73 00:03:50,600 --> 00:03:52,880 Speaker 1: far in pre market Over to Pumo, though, where the 74 00:03:52,920 --> 00:03:57,720 Speaker 1: story is slightly different, those shares are down nearly nineteen percent, 75 00:03:58,440 --> 00:04:01,720 Speaker 1: with the company saying it will lose nearly half its 76 00:04:01,760 --> 00:04:03,640 Speaker 1: profits at risk to tariff. 77 00:04:03,680 --> 00:04:09,680 Speaker 2: Snathan the Stockmovers podcast from Bloomberg Radio. Check back with 78 00:04:09,760 --> 00:04:12,520 Speaker 2: us throughout the day for the latest roundup of companies 79 00:04:12,560 --> 00:04:15,600 Speaker 2: making news on Wall Street and for the latest market 80 00:04:15,640 --> 00:04:19,960 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. 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