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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 3: Let's take a look at some stocks on the move.

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Speaker 3: I'mmli Grafeo jumping ahead of Carol Masser here, and we're

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Speaker 3: joined by Bloomberg News cross As reporter Tanitza Sikova. Okay,

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Speaker 3: let's go to retailers.

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Speaker 4: Yeah, we're talking about uncertainty in the economy, and what

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Speaker 4: a better place to start than Walmart. Walmart had a

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Speaker 4: pretty rough day yesterday and today's down about two percent.

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Speaker 4: The ticker, of course, is WMT. The firm forecasted less

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Speaker 4: earnings growth than analysts are expecting. Of course, we know

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Speaker 4: Walmart is always on the conservative sides when it comes

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Speaker 4: to earning sestimates, but still we're seeing some concerns because

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Speaker 4: even HSBC cut their recommendation for the retailer from buy

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Speaker 4: two hold, So clearly the analysts are taking seriously. What

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Speaker 4: is happening is obviously the economy is expanding at a

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Speaker 4: fast pace, but there aren't too many jobs being aut it,

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Speaker 4: so clearly that's case shape recovery or whatever. You call.

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Speaker 4: It is definitely weighing on the company. The number everyone

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Speaker 4: is worried about is are they expect earnings to rise

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Speaker 4: from two doors seventy five cents to two doors eighty

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Speaker 4: five cents And the street was actually expecting nearly three doors,

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Speaker 4: so pretty big gap that clearly is worrying investors. The

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Speaker 4: stock is of more than nine percent year to day,

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Speaker 4: so needless to say, there is just kind of a

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Speaker 4: short term thing.

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Speaker 1: It's also been on a tear, I mean more than

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Speaker 1: what SEV twenty four, up about twenty three percent last year.

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Speaker 4: For sure, and it's coming from a very strong rally well,

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Speaker 4: and I.

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Speaker 1: Think a lot of people like what they've been doing

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Speaker 1: right in terms of some of the shifts and a

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Speaker 1: lot of stress on digital.

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Speaker 4: This show has been a big revenue for them or

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Speaker 4: one of the grows fastest growing parts of the business

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Speaker 4: for sure.

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Speaker 3: All right, I ordered anything from Walmart though, yeah, I

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Speaker 3: just think, like, I.

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Speaker 4: Mean Amazon, I wouldn't think of it. Yeah right, you

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Speaker 4: said Amazon. But Amazon is actually displaced Walmart as the

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Speaker 4: company with the largest revenue today.

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Speaker 1: But does that include a WS I think so. Yeah,

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Speaker 1: So it's not apples to Apple, it's not like retail.

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Speaker 1: The retail I've been looking.

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Speaker 4: At ignore it's agnoment.

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Speaker 3: All right.

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Speaker 1: My understanding is Walmart is still the biggest physical retailer,

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Speaker 1: like physical store retailers, like there's a distinction, right, all right, Amazon,

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Speaker 1: I was thinking about We're going to go somewhere, but

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Speaker 1: I'm thinking about your credit world. Yes, have you been

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Speaker 1: talking a lot about Blue Owl.

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Speaker 3: Yes, that's been the big focus right now, and in

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Speaker 3: fact it's one of the most red stories on the

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Speaker 3: Bloomberg terminal for today. It might even hit the most

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Speaker 3: read for the week as well. Yes, we're closing out

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Speaker 3: the week, but so much focus here on private credit

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Speaker 3: and what it means for retail getting into private credit.

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Speaker 3: Tell us about blue Owl stock. This is interesting because

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Speaker 3: we get a public look to how this sector is performed.

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Speaker 4: Yeah, for sure, BBC's it's something we've been looking for

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Speaker 4: the rest of the time. Yeah, there was the whole

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Speaker 4: conversation about cocroaches. But what we're seeing now is a

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Speaker 4: lot of the funds that kind of appeared in the

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Speaker 4: last few years, the whole exposure to retail. There's like

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Speaker 4: Evergreen funds, interval funds. There was just like a slew

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Speaker 4: of vehicles that now allow retails investors to access the

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Speaker 4: space are under pressure. And blue Out is the example

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Speaker 4: that is happening this week. The ticker is all WL.

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Speaker 4: The stock is down about six percent now here today

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Speaker 4: it's down twenty seven percent. And it's not only blue Out.

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Speaker 4: We have rs, we have Apollo, we have black songe KKR,

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Speaker 4: all those names in the private credit and private equity

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Speaker 4: space are under a lot of pressure. What happened is

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Speaker 4: there was a decision to restrict with drawers from one

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Speaker 4: of its private credit funds, and of course those withdrawers

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Speaker 4: were already quarterly. It's not like this is not atf

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Speaker 4: you can all just go and withdraw your money. But

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Speaker 4: now there is more and more pressure, and clearly investors

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Speaker 4: are very jittery about down twenty seven percent year to date,

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Speaker 4: and everyone has been looking for cracks when it comes

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Speaker 4: to private credit, and fundraising has been really slowing down

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Speaker 4: for private credit. So in terms of what's happening in

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Speaker 4: the future, we're definitely seeing investor worry.

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Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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