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

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Speaker 2: Stock Movers podcast, your roundup of companies making moves in

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Speaker 2: 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 today.

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Speaker 4: We are joined by Bloomberg's Valerie Titel and Valerie. A

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Speaker 4: number of important names are moving on earnings this morning,

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Speaker 4: and the word of the day, as it's been for

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Speaker 4: many days, is tariffs. Let's start off with what we're

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Speaker 4: getting from Merk this morning. Good morning, Valerie, Hey, good

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Speaker 4: morning Nathan.

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Speaker 1: MRK is up one point six percent in the pre market.

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Speaker 1: This comes after they said that they see two hundred

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Speaker 1: million dollars of added costs for the tariffs announced to date,

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Speaker 1: mostly involving a hit to one of its HPV vaccines

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Speaker 1: that it sells to China, cared gold Guard ASIL. Now,

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Speaker 1: mark shares have already fallen around forty percent in the

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Speaker 1: past twelve months, and perhaps this charge of two hundred

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Speaker 1: million is a bit less than the market expected. Hence

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Speaker 1: we're seeing marks share up one point six percent in

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Speaker 1: the pre market.

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Speaker 4: Interesting, and we also heard PepsiCo mentioned potential tariff impact

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Speaker 4: as well in their earnings.

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Speaker 3: Yeah, that's right.

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Speaker 1: Pepsco, down one percent in the pre market, cut their

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Speaker 1: full year profit, citing tariff volatility and now see earnings

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Speaker 1: growth flat with last year. They cited that demand for

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Speaker 1: the company snacks and soft drinks is wobbling amid unpredictable

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Speaker 1: US trade policy and worsening consumer sentiment. They saw weaker

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Speaker 1: demand in the previous quarter from North America, the CEO

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Speaker 1: saying that PepsiCo expects an increase in their supply chain

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Speaker 1: cost based on volatility and uncertainty around global trades. So

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Speaker 1: another tariff warning from PepsiCo. Those shares are down one

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Speaker 1: percent in pre market.

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Speaker 3: After the close yesterday.

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Speaker 4: We heard from a couple of tech companies and those

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Speaker 4: are seeing some big swings this morning as well.

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Speaker 3: Fou Yeah, let's.

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Speaker 1: Start with Texas Instruments on the upside, up nearly nine

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Speaker 1: percent in the pre market. The company gave a better

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Speaker 1: than expected forecast for the current period thanks to an

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Speaker 1: increased demand for industrial and automotive components. Now, TI is

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Speaker 1: working to navigate the impact of tariffs, including shifting some

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Speaker 1: of its new facilities to ensure customers get chips made

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Speaker 1: in locations with the lowest amount of exposure to tariffs.

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Speaker 1: So investors like what they heard around that TI up

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Speaker 1: eight and a half percent in pre market. Let's move

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Speaker 1: on to IBM shares there are dropping your seven percent.

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Speaker 1: After earnings, they reaffirmed their full year guidance at Nathan,

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Speaker 1: but the company warned that macroeconomic uncertainty was prompting clients

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Speaker 1: to have a rethink in spending. Now, IBM one of their.

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Speaker 3: Main businesses is consulting.

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Speaker 1: It's a big part of their revenue and a high

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Speaker 1: degree of sensitivity to the economic cycle that kind of

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Speaker 1: consulting spend from businesses, and so they warned that they

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Speaker 1: might see clients of rethink spending on that front.

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Speaker 3: And this morning Valerie Airlines stocks at least a couple

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Speaker 3: of them are getting the hurt. Yeah, that's right.

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Speaker 1: Southwest down four percent also, Alaska Airlines down six point three.

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Speaker 1: Southwest rained in its growth this year, citing volatility surrounding

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Speaker 1: US trade policy chilling consumer spending on air travel, so

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Speaker 1: they not spending as much in the second half of

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Speaker 1: the year on growth. Alaska Airlines gave an update on

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Speaker 1: their second quarter earnings came in below Wall Street estimates,

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Speaker 1: but they did not update its full yar guidance due

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Speaker 1: to recent economic uncertainty and volatility, So falling in line

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Speaker 1: with some other some other companies you know withdrawing guidance

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Speaker 1: or not wanting to give an update on their fill

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Speaker 1: of your guidance. So shares of Alaska are down six

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Speaker 1: point three percent.

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Speaker 4: And just quickly get us an update on Chipotle Mexican

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Speaker 4: Grill after their earnings.

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Speaker 1: Yeah, Chipotle down here four percent. They basically are seeing

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Speaker 1: their quarterly sales decline for the first time in almost

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Speaker 1: five years, and they expect the current tariffs to hit

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Speaker 1: second quarter results by about twenty basis points. But they

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Speaker 1: are not planning on raising menu prices just yet. The

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Speaker 1: spending slowdown was broad across income and geography, so that's

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Speaker 1: a warning from Chipotle that their sales are suffering. The

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Speaker 1: shares are down three point six percent in pre market.

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Speaker 2: The Stock Movers podcast 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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