Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market
Speaker 1: harnessing the power of Bloomberg Data.
Speaker 2: Let's take a look at some stocks on the move today.
Speaker 2: I'm Tim King with Paul Sweeney and Bloomberg's John Tucker.
Speaker 3: Another court victory for a big tech This is actually
Speaker 3: the biggest anti trust case in three decades, So Google,
Speaker 3: this is the big news. Avoiding a breakup. Andro judge
Speaker 3: ruled against the government's most onerous proposals that would have
Speaker 3: included a forced sale of the Chrome browser. This is
Speaker 3: Judge Ahmedmana singing in his meta is saying, it is
Speaker 3: ruling that AI models represent a long term threat to
Speaker 3: the search industry. So you have chatbots and other generative
Speaker 3: AI technologies, thank you, more advanced, and they are kind
Speaker 3: of de facto search engines AI.
Speaker 2: They are I'm living it. But if AI didn't exist, Paul,
Speaker 2: would it have been a different ruling.
Speaker 4: I think it might have been because this is pretty moderate.
Speaker 4: I think in the markets reacting as strong.
Speaker 2: Are you using Google search less? I'm clicking less.
Speaker 4: I'm not looking at you, John, because I know you
Speaker 4: never look at it, I am clicking on fewer links. Yes, yes, anyway,
Speaker 4: big setback for the government, the bid to curb the
Speaker 4: power of the biggest US tech companies.
Speaker 3: It's interesting, Jen Ree compare and contrast this administration with
Speaker 3: previous administrations. There is no let up, as she points out,
Speaker 3: in anti trust activities by this administration, you wo had
Speaker 3: thought it was going to be regulation light. Google will
Speaker 3: still be allowed to pay its partners. So this represents
Speaker 3: pretty much a keywin for Apple, which has received about
Speaker 3: twenty billion dollars a year from making Google Search the
Speaker 3: default on their iPhones. Moving right along, customers still spending
Speaker 3: despite concerns about inflation and tires, and we're seeing that
Speaker 3: in the results posted this morning by Macy's, the second
Speaker 3: quarter earnings topping the street expectations. So Macy's also raising
Speaker 3: the full year earnings and sales guidance. They are setting
Speaker 3: strength across the company. H They now expect net sales
Speaker 3: of as much as twenty one point four or five
Speaker 3: billion dollars for this fiscal year, so that's up slightly
Speaker 3: from the previous guidance. Macy's owns Bloomingdale's across the street
Speaker 3: there and Bloo Mercury. The company also highlighted strong performance
Speaker 3: from Bloomy's Blue Mercury and the one hundred and twenty
Speaker 3: five stores that Macy's has targeted for upgrades.
Speaker 2: The Yeah, they're they're they're like really working at it.
Speaker 3: They're trying, they're trying.
Speaker 2: What's your take on this? I mean to me, I mean,
Speaker 2: Amazon just becomes more, ever more, ever more, ever more dominant.
Speaker 3: Well that's true, A mean for the rest of them.
Speaker 4: I know, but the rekillers have op to this omni
Speaker 4: channel thing where they do you think online, you come in,
Speaker 4: you order it online, you come in, you pick it up.
Speaker 2: It is working.
Speaker 3: I think every time I think of Macy's, I think
Speaker 3: of Howard Dvidowitz. Remember Macy's dead. Do what I missed
Speaker 3: that memory?
Speaker 2: Folks with John Tucky. You got one more. It's a coffee.
Speaker 3: Starbucks launching protein boosted lates and cold foam in the
Speaker 3: US and Canada. This is going to be September twenty ninth,
Speaker 3: part of the menu Modern. I don't know what the
Speaker 3: hell this is cold foam anyway, it's.
Speaker 4: Protein lattes cold foam in menu Push.
Speaker 3: You'll recall. Back in early June they started to trial
Speaker 3: featuring a sugar free vanilla latte top with a protein
Speaker 3: banana cold foam. The company says it's looking to make
Speaker 3: its menu relevant, modern and premium. The new protein drinks
Speaker 3: will have at least fifteen grams of protein that will
Speaker 3: come from a powder. They want to make a name
Speaker 3: for themselves in the health and wellness category, customers apparently
Speaker 3: looking to lower the sugar intake and get more out
Speaker 3: of their beverages than just the fifty. It doesn't say
Speaker 3: how much this is going to cost, though, I could just.
Speaker 2: Imagine we you know, that's a different report, don't we
Speaker 2: get from Lisa? Yeah, I mean Lisa would not have.
Speaker 4: Done She would not have done the Starbucks.
Speaker 2: I'm bold, you know, innovative.
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