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 --> 00:00:19,439 Speaker 2: Timstead of that, along with Carol Masser, let's take a 5 00:00:19,440 --> 00:00:21,800 Speaker 2: look at some stocks on the move with us. We've 6 00:00:21,800 --> 00:00:25,200 Speaker 2: got a Bloomberg News Acuities reporter, Alexandra Semonova. 7 00:00:25,320 --> 00:00:27,760 Speaker 1: No shortage of stocks to choose from today, alex Yeah, 8 00:00:27,760 --> 00:00:31,400 Speaker 1: but it's really all about Alphabet today. Tim, the tech 9 00:00:31,440 --> 00:00:34,600 Speaker 1: giant avoided a breakup after a US judge ruled against 10 00:00:34,640 --> 00:00:39,279 Speaker 1: the government's most onerous proposals, including a forced sale of 11 00:00:39,320 --> 00:00:42,040 Speaker 1: its Chrome browser. This is a massive court victory, not 12 00:00:42,200 --> 00:00:44,960 Speaker 1: just for Alphabet but for big tech broadly in what 13 00:00:45,120 --> 00:00:49,280 Speaker 1: is arguably the biggest antitrust case of the last three decade. 14 00:00:49,320 --> 00:00:52,040 Speaker 1: Shares with Alphabet surge as much as nine point two 15 00:00:52,120 --> 00:00:55,360 Speaker 1: percent today. That was the highest in five months. On 16 00:00:55,400 --> 00:00:57,920 Speaker 1: an interday basis, They're up about eight point two percent 17 00:00:58,000 --> 00:01:00,640 Speaker 1: right now. All a lot, especially when you consider the 18 00:01:00,640 --> 00:01:04,080 Speaker 1: outsize sway that it has on the index. Google will 19 00:01:04,120 --> 00:01:07,600 Speaker 1: have to make some concessions, though, including sharing online search 20 00:01:07,720 --> 00:01:13,440 Speaker 1: data with rivals and ending exclusive contracts for distribution. Apple 21 00:01:13,520 --> 00:01:15,880 Speaker 1: is also a beneficiary of this because they'll work together, 22 00:01:16,480 --> 00:01:18,960 Speaker 1: you know, on their search engine. Alphabet shares are also 23 00:01:19,040 --> 00:01:22,679 Speaker 1: up about three percent right now. And just for some 24 00:01:22,720 --> 00:01:25,920 Speaker 1: context here, guys, the outsized weight of these big tech companies, 25 00:01:26,120 --> 00:01:28,760 Speaker 1: Alphabet today has added about sixteen points to the S 26 00:01:28,800 --> 00:01:31,959 Speaker 1: and P five hundred, Apple another thirteen points. The index 27 00:01:32,040 --> 00:01:33,160 Speaker 1: is up only five points. 28 00:01:33,280 --> 00:01:34,640 Speaker 2: So Apple love three percent. 29 00:01:34,720 --> 00:01:36,920 Speaker 1: And then Google just off and running. As you said, 30 00:01:37,480 --> 00:01:39,080 Speaker 1: after the races. 31 00:01:39,000 --> 00:01:41,600 Speaker 2: From high tech to chicken, that's where exactly where I 32 00:01:41,680 --> 00:01:42,840 Speaker 2: want to go. How do you do that? 33 00:01:43,640 --> 00:01:47,400 Speaker 1: That was a good transition. Some really bad behavior apparently 34 00:01:47,440 --> 00:01:51,040 Speaker 1: happening at Tyson Foods. It said that it's supply chain 35 00:01:51,120 --> 00:01:55,160 Speaker 1: chief left the company after violating internal rules. They didn't 36 00:01:55,200 --> 00:01:58,280 Speaker 1: specify exactly what he did, but this is the second 37 00:01:58,440 --> 00:02:02,360 Speaker 1: major executive departure or improper behavior just in over a 38 00:02:02,440 --> 00:02:06,960 Speaker 1: year for this company. Tyson also appointed Devin Cole, this 39 00:02:07,080 --> 00:02:11,119 Speaker 1: is the head of its poultry business, to chief operating officer, 40 00:02:11,639 --> 00:02:14,520 Speaker 1: signaling that they may make some more a big changes 41 00:02:14,560 --> 00:02:17,560 Speaker 1: at the top level as they figure out their succession planning. 42 00:02:17,960 --> 00:02:21,160 Speaker 1: Stuart's departure also comes a little bit more than a 43 00:02:21,240 --> 00:02:23,760 Speaker 1: year as I mentioned after John Tyson, that is, the 44 00:02:23,760 --> 00:02:27,320 Speaker 1: great grandson of the company's founder, was permanently removed as 45 00:02:27,400 --> 00:02:31,040 Speaker 1: chief financial officer again following drunk driving. Some thing's keming 46 00:02:31,040 --> 00:02:34,000 Speaker 1: home deruced. You might say, oh, Carol, but I'm done 47 00:02:34,040 --> 00:02:35,760 Speaker 1: Carroll all right, the. 48 00:02:35,720 --> 00:02:37,400 Speaker 2: Campbell's Company CPB. 49 00:02:37,840 --> 00:02:39,520 Speaker 1: I like the so and a lot because I'm a 50 00:02:39,600 --> 00:02:42,400 Speaker 1: huge fan of Milano cookies. Do you guys like them? Yes, 51 00:02:42,400 --> 00:02:46,840 Speaker 1: They're the best ever, and apparently they are. What hellst Milano? 52 00:02:47,240 --> 00:02:49,760 Speaker 1: I'm a straight Milano person, but I do like the 53 00:02:50,280 --> 00:02:51,400 Speaker 1: mint ones as well. 54 00:02:51,400 --> 00:02:52,440 Speaker 2: Eat any of those cookies? 55 00:02:52,520 --> 00:02:54,840 Speaker 1: Yeah, exactly. I can't go wrong with cookies, especially for 56 00:02:54,880 --> 00:02:58,640 Speaker 1: this company, because their snack business outperformed thanks to people 57 00:02:58,840 --> 00:03:02,880 Speaker 1: just buying cookie you eating them up adjusted earnings per 58 00:03:02,960 --> 00:03:06,440 Speaker 1: share of They had adjusted earnings per share of sixty 59 00:03:06,520 --> 00:03:10,320 Speaker 1: two cents that topped estimates of fifty six cents. So 60 00:03:10,600 --> 00:03:14,880 Speaker 1: nice outperformance there, they said in cookies, we gained share 61 00:03:15,000 --> 00:03:17,080 Speaker 1: as we grew consumption during the quarter. 62 00:03:19,440 --> 00:03:23,480 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 63 00:03:23,560 --> 00:03:26,119 Speaker 2: us throughout the day for the latest roundup of companies 64 00:03:26,200 --> 00:03:29,280 Speaker 2: making news on Wall Street and for the latest market 65 00:03:29,320 --> 00:03:33,760 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 66 00:03:33,880 --> 00:03:37,400 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 67 00:03:37,440 --> 00:03:38,960 Speaker 2: the Bloomberg Business app.