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 --> 00:00:15,840 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,520 --> 00:00:18,360 Speaker 2: Let's gidding look at some of the stocks on the 5 00:00:18,360 --> 00:00:19,079 Speaker 2: move today. 6 00:00:19,400 --> 00:00:21,000 Speaker 1: I'm all swinging alongside Scarlett Fuld. 7 00:00:21,079 --> 00:00:23,280 Speaker 2: We're joined by bloombergs. Isabelle, Lee, Isabelle. 8 00:00:23,280 --> 00:00:24,880 Speaker 1: What are you looking at? We have to look at 9 00:00:24,960 --> 00:00:27,840 Speaker 1: Nvidia shares are edging higher by almost four percent. They 10 00:00:27,880 --> 00:00:30,760 Speaker 1: delivered a surprising lister on revenue forecast and really just 11 00:00:30,840 --> 00:00:33,919 Speaker 1: pushed back on any idea that the AI industry may 12 00:00:33,920 --> 00:00:35,800 Speaker 1: be in a bubble. So this is a lot of 13 00:00:35,840 --> 00:00:38,479 Speaker 1: concerns and Nvidia has really become just a barometer of 14 00:00:38,479 --> 00:00:40,720 Speaker 1: AI health. I mean, I think that both of them 15 00:00:40,760 --> 00:00:43,519 Speaker 1: have become synonymous over time. So sales is expected to 16 00:00:43,560 --> 00:00:46,600 Speaker 1: be about sixty five billion in the January quarter. That's 17 00:00:46,640 --> 00:00:50,200 Speaker 1: three billion dollars higher than analysts expected. And Nvidia also 18 00:00:50,280 --> 00:00:52,480 Speaker 1: said that they have around half a trillion dollar revenue 19 00:00:52,479 --> 00:00:56,040 Speaker 1: bonanza in theocoming quarters, which is also even bigger than expected. THEFO. 20 00:00:56,360 --> 00:00:58,600 Speaker 1: The CFO went further on Wednesday and said that it 21 00:00:58,680 --> 00:01:01,880 Speaker 1: might even eclipse that target and of course, there are 22 00:01:01,920 --> 00:01:05,440 Speaker 1: also maybe headwinds in the horizon because they said that 23 00:01:05,480 --> 00:01:07,800 Speaker 1: the China is still going to be a problem. They 24 00:01:07,800 --> 00:01:10,000 Speaker 1: have largely locked and video out of their massive market, 25 00:01:10,040 --> 00:01:13,360 Speaker 1: and Yensen Huang said that our forecast for China is zero. 26 00:01:13,400 --> 00:01:15,480 Speaker 2: Right, but at least now they know that that's the 27 00:01:15,480 --> 00:01:18,640 Speaker 2: bigsline and there wasn't confusion about whether it's included or not. 28 00:01:18,760 --> 00:01:23,039 Speaker 1: There's certainty in the zero exactly NEXTOC, next office, kind 29 00:01:23,080 --> 00:01:25,720 Speaker 1: of sad Bath and bodyworks. It's down by twenty four percent. 30 00:01:25,800 --> 00:01:28,480 Speaker 1: This is the most since March twenty twenty, according to 31 00:01:28,520 --> 00:01:31,720 Speaker 1: since sins and the lowest since July twenty twenty. The 32 00:01:31,760 --> 00:01:35,120 Speaker 1: ticker is BBWI, so they cut there for your full 33 00:01:35,160 --> 00:01:37,640 Speaker 1: year outlook and the company said that week consumer sentiment 34 00:01:37,680 --> 00:01:40,080 Speaker 1: is hurting shopper's willingness to spend, and of course again 35 00:01:40,160 --> 00:01:42,160 Speaker 1: the tariff, which you haven't heard in a while, which 36 00:01:42,200 --> 00:01:44,640 Speaker 1: is impacting them. So the company announced a turnaround plan 37 00:01:44,680 --> 00:01:47,520 Speaker 1: to refocus some of their home products retailers on its 38 00:01:47,520 --> 00:01:50,440 Speaker 1: core business. So previously the strategy was more aligned to 39 00:01:50,520 --> 00:01:54,000 Speaker 1: drive incremental growth, but the new transformation plan is projected 40 00:01:54,040 --> 00:01:55,960 Speaker 1: to have around two hundred and fifty million dollars in 41 00:01:56,000 --> 00:01:59,320 Speaker 1: cost savings. So it lacks specifics, but one thing that 42 00:01:59,360 --> 00:02:01,720 Speaker 1: they say is they will exit some categories like men's 43 00:02:01,760 --> 00:02:03,800 Speaker 1: grooming and hair care. And I recently went to a 44 00:02:03,840 --> 00:02:06,800 Speaker 1: store actually near my home. Yes, and that was a 45 00:02:06,880 --> 00:02:09,480 Speaker 1: shop because I was buying some little gifts because I'm 46 00:02:09,480 --> 00:02:12,200 Speaker 1: going back to Asia tomorrow. And of course not they 47 00:02:12,240 --> 00:02:17,119 Speaker 1: have I Cleveland, Philippines, they have a men's stuff And 48 00:02:17,240 --> 00:02:19,079 Speaker 1: I know that was just new to me because remember 49 00:02:19,080 --> 00:02:20,880 Speaker 1: when I was in college or high school, which was 50 00:02:21,040 --> 00:02:24,480 Speaker 1: just a year ago. The perfume was a year ago. 51 00:02:24,600 --> 00:02:27,360 Speaker 1: High school was a year ago. They were big on 52 00:02:27,400 --> 00:02:29,400 Speaker 1: the perfect Do you remember that scarlett. Everyone was giving 53 00:02:29,440 --> 00:02:32,040 Speaker 1: each other the gifts in a plastic bottle. No, yes, 54 00:02:32,120 --> 00:02:36,160 Speaker 1: that's right, yeah, yeah, yeah, yeah, Okay. Anyway, I think sometimes. 55 00:02:35,919 --> 00:02:38,880 Speaker 2: It's a little too fragrant. It's like overload on the census. 56 00:02:39,040 --> 00:02:40,680 Speaker 1: Yeah, no, exactly, all right. 57 00:02:40,840 --> 00:02:40,960 Speaker 2: Uh. 58 00:02:41,520 --> 00:02:45,400 Speaker 1: Verizon Verizon tickers VZ shares are done by eight tens 59 00:02:45,400 --> 00:02:47,639 Speaker 1: of one percent. Again, it's a company wide layoff that 60 00:02:47,680 --> 00:02:49,920 Speaker 1: they announced. This will shrink the company by as much 61 00:02:49,960 --> 00:02:52,920 Speaker 1: as twenty percent of the non union workforce. So this 62 00:02:53,000 --> 00:02:55,560 Speaker 1: is worth noting because Verizon is the largest US carrier 63 00:02:55,840 --> 00:02:57,720 Speaker 1: in the US, and they gave notice that they will 64 00:02:57,720 --> 00:03:01,000 Speaker 1: begin cutting thirteen thousand employees. And it extends through every 65 00:03:01,040 --> 00:03:05,200 Speaker 1: level business, retail workers, customer service representatives, and senior executives. 66 00:03:05,200 --> 00:03:07,560 Speaker 1: So this was announced by CEO Dan Shalman, who was 67 00:03:07,680 --> 00:03:10,000 Speaker 1: lead independent director at Horizon, and he was named the 68 00:03:10,040 --> 00:03:13,480 Speaker 1: top job last month after two conservative consecutive quarters of 69 00:03:13,520 --> 00:03:18,080 Speaker 1: subscriber losses and lackluster ZOP performance. Anyway, he promised a simpler, 70 00:03:18,200 --> 00:03:20,679 Speaker 1: leaner and scrappier business. But I can imagine that it 71 00:03:20,760 --> 00:03:22,919 Speaker 1: must be bad for sentiment. I actually have a friend 72 00:03:22,919 --> 00:03:25,560 Speaker 1: who works there and she said that, you know, it 73 00:03:26,080 --> 00:03:28,720 Speaker 1: feels a tough morale. Yeah, that kind of environment. 74 00:03:28,800 --> 00:03:30,880 Speaker 2: But I'm a Verizon wireless subscriber. 75 00:03:30,919 --> 00:03:33,080 Speaker 1: I'm very happy with them. All right, Isabelle, thank you 76 00:03:33,080 --> 00:03:34,720 Speaker 1: so much. We appreciate that as well. Lee Cross as 77 00:03:34,800 --> 00:03:41,360 Speaker 1: a reporter Bloomberg News, and you're flying to where tomorrow, Philippines, Phift, Taiwan, 78 00:03:41,920 --> 00:03:45,880 Speaker 1: maybe fifteen hours. Good luck. You lose your mind after 79 00:03:45,920 --> 00:03:47,680 Speaker 1: ten hours. It doesn't make it. You have to watch 80 00:03:47,720 --> 00:03:49,840 Speaker 1: like three movies and take a really long nap and 81 00:03:49,840 --> 00:03:52,000 Speaker 1: then when you wake up it's still eight hours ago. 82 00:03:52,480 --> 00:03:54,080 Speaker 1: All right, Better you than me. I couldn't do that. 83 00:03:55,560 --> 00:03:59,520 Speaker 2: This stock mover's report from Bloomberg Radio. Check back with 84 00:03:59,600 --> 00:04:02,240 Speaker 2: us throughout out today for the latest roundup of companies 85 00:04:02,280 --> 00:04:05,400 Speaker 2: making news on Wall Street and for the latest market 86 00:04:05,440 --> 00:04:09,920 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 87 00:04:10,000 --> 00:04:13,480 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 88 00:04:13,560 --> 00:04:15,040 Speaker 2: the Bloomberg Business app.