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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: The Stock Movers report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 1: Time Tim Steeneveek along with Carol Masser, let's take a

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Speaker 1: look at some stocks on the.

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Speaker 3: Movie You Do that. Thank you?

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Speaker 1: So incommandis I get to practice every day you do? Indeed,

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Speaker 1: we're joined by Bloomberg News cross asset reporter Isabelle Lee.

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Speaker 1: Isabel a lot moving in the after hours, a lot.

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Speaker 3: But there were a lot of options, which is what

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Speaker 3: makes this job also fun because sometimes you know, when

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Speaker 3: you're struggling, you're like, what in the world will Carol

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Speaker 3: and Tim want me to talk about? Now? It's great,

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Speaker 3: so we can talk about Tesla. First, shares are down

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Speaker 3: two percent and extended trading. So the company posts a

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Speaker 3: third quarter profit that fell short of expectations. This is

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Speaker 3: despite record EV sales, so you know, again this underlines

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Speaker 3: the pressure that automakers like Tesla are facing with rising

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Speaker 3: calls and just a lot of shifting policies from this administration.

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Speaker 3: So adjuted earnings for fifty cents a share. Analysts expected

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Speaker 3: fifty four cents on average. Revenue though outpace expectations twenty

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Speaker 3: eight billion dollars, so Tesla's sees the results hinging on

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Speaker 3: a broader economic environment. So it's really looking a little

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Speaker 3: shaky for them. But who knows. They're ramping up production

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Speaker 3: for key products, so maybe there's Yeah.

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Speaker 4: I mean, I think you're just trying to figure out, like,

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Speaker 4: what is the business going forward? Ticker of course t SLA.

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Speaker 4: We talk about it so much. But yeah, it's an

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Speaker 4: interesting one, right.

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Speaker 3: Very interesting. But I feel like, and this is my

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Speaker 3: not expert thought, but he has Elon Musk, the CEO

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Speaker 3: has kind of slipped away from the politics, from those

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Speaker 3: kind of headlines. So there is that, At least for

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Speaker 3: our story in Bloomberg, we didn't read any mention of

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Speaker 3: that at all.

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Speaker 4: You know what's on his mind? What trillion dollar pay

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Speaker 4: package robots? That will be on my mind too, and

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Speaker 4: getting the board like and everybody to sign right, you

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Speaker 4: sign off on it or the shareholders just so rich.

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Speaker 3: Goo on the blue Berg terminal, Oh my god, I

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Speaker 3: love that function.

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Speaker 1: The wealthiest person in the world four hundred and fifty

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Speaker 1: five billion dollars is not worth according to the Bloomberg

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Speaker 1: Billionaires Index. You have that much money already, do you

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Speaker 1: need more? Well, I don't know. Does it change your

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Speaker 1: life to have a trillion dollar pay package?

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Speaker 3: No?

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Speaker 4: No, I always wonder that. But nonetheless they want it.

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Speaker 1: Right, But maybe it is Maybe it's about but as

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Speaker 1: that has told us, it's about control of the company.

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Speaker 4: Yeah too, that's important.

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Speaker 3: I guess everything is relative.

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Speaker 4: Well and Ed said too that the board they want

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Speaker 4: to make sure he stays yes.

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Speaker 1: This is this is key question, right, key man risk

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Speaker 1: at risk?

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Speaker 4: Okay, okay IBM.

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Speaker 3: IBM shares are also down by more than four percent

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Speaker 3: of post market. The company reported disappointing revenue in red Hat,

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Speaker 3: so this is a closely watched unit and of course

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Speaker 3: it's spark concerns among investors who see that the software

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Speaker 3: business is the mang that keep to the company's growth.

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Speaker 3: So sales and the hybrid cloud unit, which includes red Hat,

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Speaker 3: increased fourteen percent, which is a slowdown from the previous

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Speaker 3: quarter and below estimates of sixteen percent. The CFO, Jim

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Speaker 3: Kavanaugh still said they feel very good about the growth

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Speaker 3: opportunities and as contexts, cor VN. Krishna has pushed for

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Speaker 3: software to become IBM's largest business, especially as their consulting

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Speaker 3: unit is kind of shaky. So stock is down now,

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Speaker 3: but the stock has gained thirty one percent this year

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Speaker 3: through the flows, so it's not that bad for IBM.

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Speaker 3: I mean, they're doing well, but we'll see tomorrow in

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Speaker 3: the open.

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Speaker 4: They spent thirty four billion dollars for red Hat. That

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Speaker 4: is the twenty nineteen one hundred and ninety share.

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Speaker 1: I remember that that was a big deal.

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Speaker 4: I remember when wasn't even.

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Speaker 3: That long ago? When not so long? Yeah? Pre pandemic

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Speaker 3: just six years ago.

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Speaker 4: Yeah, that feels like a long time ago, pre pandemic.

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Speaker 4: What's your third number? A third name?

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Speaker 3: Rather? For US, third name is Southwest ticker LUV. So

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Speaker 3: stock is rising more than five percent in postmarket trading.

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Speaker 3: They posted as surprise adjusted profit, so at least we're

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Speaker 3: ending on a good note. So the good news was

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Speaker 3: boosted by fees from its new policy of charging passenger

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Speaker 3: court bags. Maybe it's not good news for US, and

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Speaker 3: expected record operating sales in the fourth quarter, so the

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Speaker 3: company earned eleven cents per share versus an estimated loss

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Speaker 3: of three cents. I always just find it fun when

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Speaker 3: the estimated is a loss and then you post again

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Speaker 3: so the stock is up fractionally for the year through

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Speaker 3: Wednesday close, but tomorrow it will probably see a pop.

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Speaker 3: And just for contact, Southwest is in the middle of

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Speaker 3: rolling out an extensive makeover plan that breaks from a

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Speaker 3: one size fits all business model that sets it apart

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Speaker 3: from Rivals, and other carriers have said leisure travel has

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Speaker 3: been bouncing back. I was just in Mexico two weeks ago.

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Speaker 3: It's just nice. I can't imagine that after four and

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Speaker 3: a half hours you're in a new country anyway, So

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Speaker 3: leisure travel is in Mexico, just the Mexico city, but

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Speaker 3: it's still so beautiful. It's colorful in culture and in food,

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Speaker 3: and the literal walls are also coled.

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Speaker 4: We just talk with the founder and CEO of Montage

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Speaker 4: Hotels International, and they are yielding, and they're building in

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Speaker 4: Mexico City.

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Speaker 3: A lot of the high end hotsales are there, and

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Speaker 3: when you check, they're actually not cheap.

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Speaker 4: Yeah.

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Speaker 1: The advocation, Yeah, he basically looks for one thousand dollars

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Speaker 1: a night to twelve hundred is kind of the base.

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Speaker 3: Yeah. Elon must can afford that.

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Speaker 1: Elon can afford that.

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Speaker 3: You can buy the hotel.

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Speaker 2: Good buying hotel the Stock Movers report from Bloomberg Radio.

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Speaker 2: Check back with us throughout the day for the latest

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Speaker 2: roundup of companies making news on Wall Street and for

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Speaker 2: the latest market moving headlines. Listen to Bloomberg Radio Live,

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