WEBVTT - Jabil Falls, Tesla Sinks, Costco Reports Earnings

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg data.

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<v Speaker 1>Let's take a look at some stocks on the move today.

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<v Speaker 1>I'm Tim Stenevik and we're joined by Bloomberg Television Markets

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<v Speaker 1>correspondent nour Melinda Noura. A lot of stocks making big

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<v Speaker 1>moves in the after hours. What are you watching?

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<v Speaker 3>Keeping eyes on Oracle Shares it's ticker o RCL, as

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<v Speaker 3>well as Dell Technologies that's ticker d e LL. We

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<v Speaker 3>saw a lot of activity today as it relates to

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<v Speaker 3>the headlines that we saw coming through toward the end

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<v Speaker 3>of the day. Both stocks were lower at the closing

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<v Speaker 3>belt today on Thursday, but a little bit of activity

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<v Speaker 3>in the after hours trade pointing a little bit higher.

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<v Speaker 3>Oracle up about one point two percent, Dell up about

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<v Speaker 3>two tens of a percent here in the after hours trade.

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<v Speaker 3>This of course comes after the news that we've been

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<v Speaker 3>hearing about TikTok. I mean, we had jd Vance saying

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<v Speaker 3>that the US version of TikTok will be valued at

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<v Speaker 3>four teen billion dollars. Here Trump saying that TikTok investors

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<v Speaker 3>will include the likes of Dell and also Rupert Murdoch here,

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<v Speaker 3>So I mean, of course that's going to bring some

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<v Speaker 3>welcome support here as you're seeing this play out here

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<v Speaker 3>in the after hours trade. We'll have to see how

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<v Speaker 3>all this trickles out.

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<v Speaker 1>Yeah, I'm glad you said that, because we did hear

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<v Speaker 1>from the vice president Jad Evans who said the US

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<v Speaker 1>operations of TikTok would be valued at around fourteen billion dollars,

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<v Speaker 1>but also said stay tuned, we'll get more details on this.

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<v Speaker 1>And you know Bloomberg has done some reporting too today

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<v Speaker 1>about who's actually going to make up the investment consortium

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<v Speaker 1>that what that would look like. But still the devil's

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<v Speaker 1>in the details. We'll have to wait and see what

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<v Speaker 1>that looks absolutely.

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<v Speaker 2>Here.

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<v Speaker 4>Let's also take a look at Jabill. This is j

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<v Speaker 4>b L. My pronunciation's correct there.

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<v Speaker 3>You know, we all got to hope so here, but

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<v Speaker 3>we did see shares down as much as six percent

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<v Speaker 3>at the closing bell here, and this after vital knowledge.

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<v Speaker 3>Of course, the analyst came out there's flagging AI, the

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<v Speaker 3>AI segment margin miss here for the company. The manufacturer

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<v Speaker 3>reporter results that of course, they said that the headline

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<v Speaker 3>numbers remained strong, but they think that this is a

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<v Speaker 3>net negative given the miss on intelligent infrastructure margins as

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<v Speaker 3>well as the full year twenty twenty six guidance here,

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<v Speaker 3>So a little bit of activity here, pressure on the

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<v Speaker 3>shares at the closing bell today.

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<v Speaker 1>Okay, what about Tesla. This one's been down all day.

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<v Speaker 4>Tesla has been down all day.

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<v Speaker 3>It is the worst performing stock in terms of all

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<v Speaker 3>the Meg seven names that we saw play out today.

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<v Speaker 3>And of course this comes after the fact that they

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<v Speaker 3>had a twenty two percent decline in sales in Europe

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<v Speaker 3>last month in August. And the funny part here is

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<v Speaker 3>the fact that European consumers actually were buying electric vehicles

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<v Speaker 3>last month. We did see a rise there, but it

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<v Speaker 3>seems as though they're not a fan of Tesla at

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<v Speaker 3>least according to the data that we saw last month.

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<v Speaker 1>A rising car sales in the region, arising EV sales

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<v Speaker 1>hybrids were a particularly bright spot. But a twenty two

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<v Speaker 1>percent decline for Tesla not a.

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<v Speaker 4>Good look here for the company.

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<v Speaker 3>I mean, they've been dealing with a lot of struggles

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<v Speaker 3>if you look at the year to date, though they're

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<v Speaker 3>up about four.

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<v Speaker 4>Point eight percent.

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<v Speaker 1>And what did shares do today?

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<v Speaker 3>Shares today, they did end at down four percent, four

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<v Speaker 3>point four percent at the closing bell.

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<v Speaker 1>Okay, Costco reporting earnings after the bell today, stock moving

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<v Speaker 1>around in the after hours. What's going on with Costco.

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<v Speaker 3>Well, we did see them shed just a little bit

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<v Speaker 3>of shares down a little bit, about two tens of

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<v Speaker 3>percent lower at the closing bell today and a little

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<v Speaker 3>bit lower right now as we speak. But their erniees

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<v Speaker 3>did beat expectations. They're really citing steady consumer demand. I mean,

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<v Speaker 3>if you think about Costco, it's really a bulk place.

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<v Speaker 3>If you think about Walmart, you know, you might get

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<v Speaker 3>one or two items there, but you go to Costco

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<v Speaker 3>and maybe Sam's Club when you want to see things

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<v Speaker 3>in bulk.

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<v Speaker 4>So they are seeing consumer demand.

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<v Speaker 3>Despite the uncertain time period right now, especially if you

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<v Speaker 3>think about finances right now for the average US consumer.

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<v Speaker 1>Yeah, I think you got to think about this in

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<v Speaker 1>the context of not living in New York City where

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<v Speaker 1>we don't have room to put stuff that you get

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<v Speaker 1>at Costco. But growing up, I don't know if you

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<v Speaker 1>went to Costco when you were growing up, but it

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<v Speaker 1>was like a family affair and we would bring, you know,

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<v Speaker 1>the coolers to keep everything cool.

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<v Speaker 4>Great.

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<v Speaker 1>Yeah, uh, it was. It was an era for sure.

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<v Speaker 1>And yeah, they've just been firing on all cylinders.

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<v Speaker 4>I mean I used to always go to Sam's Club.

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<v Speaker 4>I think you really did.

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<v Speaker 3>Tends regionally about which one you have. Southwest Virginia. We

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<v Speaker 3>were a Sam Club crew, but costco very very similar.

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<v Speaker 2>Here the Stockmover's Report from Bloomberg Radio. Check back with

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