1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,640 --> 00:00:13,040 Speaker 2: The Stock Movers podcast, your roundup of companies making moves 3 00:00:13,080 --> 00:00:17,280 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:17,680 --> 00:00:19,520 Speaker 2: Just take a look at some stocks that are on 5 00:00:19,760 --> 00:00:22,320 Speaker 2: the move today. I'm also at Lismithy and we're joined 6 00:00:22,320 --> 00:00:25,600 Speaker 2: by Bloomberg's Anita. What do you got first? 7 00:00:25,880 --> 00:00:29,440 Speaker 1: Let's start with the robot taxi competition, which is heating up. 8 00:00:29,480 --> 00:00:32,200 Speaker 1: We just had way more starting to run in New York, 9 00:00:32,400 --> 00:00:36,159 Speaker 1: but today New York. Yes, did you see the photos? 10 00:00:36,200 --> 00:00:36,800 Speaker 2: It's on Twitter. 11 00:00:36,920 --> 00:00:38,159 Speaker 1: Okay, I'll check it out. 12 00:00:38,159 --> 00:00:39,400 Speaker 2: All right, here we go Forbid. 13 00:00:40,560 --> 00:00:42,960 Speaker 1: Oh my gosh. Anyway, let's start with Duberg. Let's start 14 00:00:42,960 --> 00:00:46,280 Speaker 1: with Number. It's teaming up with electric vehicle maker Lucid 15 00:00:46,320 --> 00:00:50,479 Speaker 1: Group and the driving said startup neuro two launch or 16 00:00:50,560 --> 00:00:53,760 Speaker 1: robot taxi fleet. The reaction on Uber is actually muted. 17 00:00:53,880 --> 00:00:57,400 Speaker 1: The stock was down, but Lucid it searched sixty two 18 00:00:57,880 --> 00:01:00,840 Speaker 1: initially in pre market trading. Now it's about thirty percent, 19 00:01:00,840 --> 00:01:03,280 Speaker 1: but obviously incredible gain. Of course, this is much smaller 20 00:01:03,320 --> 00:01:07,080 Speaker 1: company compared to Uber, but still the price reaction is 21 00:01:07,120 --> 00:01:10,640 Speaker 1: really impressive. Uber announced Thursday it will purchase and operate 22 00:01:10,840 --> 00:01:15,640 Speaker 1: Lucid SUVs outfitted with the neuro driver technology. They'll be 23 00:01:15,680 --> 00:01:18,760 Speaker 1: part of their ride sharing network. We're talking about at 24 00:01:18,880 --> 00:01:23,600 Speaker 1: least twenty thousand vehicles over six years. They're expecting to 25 00:01:23,640 --> 00:01:28,399 Speaker 1: see them in unidentified US cites in twenty twenty six. 26 00:01:28,480 --> 00:01:32,080 Speaker 1: So clearly the goals are moving fast like it's we're 27 00:01:32,120 --> 00:01:36,360 Speaker 1: talking about very recent moves. Lucid is actually up two 28 00:01:36,440 --> 00:01:39,720 Speaker 1: percent ear today, so today move is still not bringing 29 00:01:39,760 --> 00:01:42,720 Speaker 1: that much to stop much much higher. The ticker is 30 00:01:43,000 --> 00:01:44,360 Speaker 1: l CID. 31 00:01:45,120 --> 00:01:45,960 Speaker 2: I don't still know. 32 00:01:46,120 --> 00:01:49,760 Speaker 1: I'm not sold one. I know one day, one day 33 00:01:50,400 --> 00:01:51,960 Speaker 1: at about this time, Paul I get up to two 34 00:01:52,000 --> 00:01:53,800 Speaker 1: thirty in the morning, right for work on so about 35 00:01:53,840 --> 00:01:56,000 Speaker 1: this time it's like a Starbucks run because you need 36 00:01:56,040 --> 00:01:59,440 Speaker 1: that little like extra boost. But their shares not doing 37 00:01:59,440 --> 00:02:02,080 Speaker 1: so well. So what's going on? For sure, Starbucks has 38 00:02:02,080 --> 00:02:08,040 Speaker 1: had a rough rive and today they're having downgrade by Jeffries, 39 00:02:08,919 --> 00:02:13,280 Speaker 1: they said Starbucks has run too far. They says the 40 00:02:13,320 --> 00:02:18,120 Speaker 1: brokerage has put underperform since its last quarterly earning. Starbucks 41 00:02:18,160 --> 00:02:22,560 Speaker 1: share prices outperformed the S and P rally and to Jeffries, 42 00:02:22,600 --> 00:02:26,640 Speaker 1: that really isn't warranted. They see the stock running way 43 00:02:26,639 --> 00:02:30,800 Speaker 1: ahead of expectations. One reason we've seen some rally there 44 00:02:31,040 --> 00:02:35,200 Speaker 1: is their ten billion price stack that is attached to 45 00:02:35,240 --> 00:02:38,360 Speaker 1: their China operations, which they're in the process of selling. 46 00:02:38,720 --> 00:02:42,720 Speaker 1: But for Jeffries, this is way too ambitious given the 47 00:02:42,760 --> 00:02:50,400 Speaker 1: assessment of their current operating business, so clearly some negative 48 00:02:50,960 --> 00:02:54,280 Speaker 1: negativism there. They also look at same store sales down 49 00:02:54,320 --> 00:02:57,360 Speaker 1: three percent in the third quarter, so that's another reason 50 00:02:58,240 --> 00:03:01,360 Speaker 1: they're not so bullish on the stock. Starbucks is flat 51 00:03:01,600 --> 00:03:04,720 Speaker 1: year to date, but today definitely we're seeing more pressure. 52 00:03:04,720 --> 00:03:06,640 Speaker 1: The stock fell as much as two percent. Now it 53 00:03:06,760 --> 00:03:08,359 Speaker 1: paired back some of those losses. 54 00:03:09,000 --> 00:03:10,440 Speaker 2: All right, one more, what do you got for us? 55 00:03:10,560 --> 00:03:14,760 Speaker 1: We have Steve Madden. It's a famous shoe retailer and 56 00:03:14,840 --> 00:03:19,560 Speaker 1: I love the ticker is Shoo and it's up six 57 00:03:19,600 --> 00:03:23,119 Speaker 1: percent ahead of the it was up six percent. It's 58 00:03:23,120 --> 00:03:27,720 Speaker 1: coming off a City up grade from neutral to by 59 00:03:27,760 --> 00:03:31,240 Speaker 1: saying the footwear maker margins are bottoming as fashion trends 60 00:03:31,280 --> 00:03:35,560 Speaker 1: are turning more favorable. The stock was actually down. It's 61 00:03:35,720 --> 00:03:38,920 Speaker 1: now down forty percent year today, so this is much 62 00:03:38,960 --> 00:03:43,360 Speaker 1: needed Bullishop grade form analyst. It has four by six 63 00:03:43,440 --> 00:03:47,640 Speaker 1: holds and zero sales, but clearly now we're seeing some 64 00:03:47,680 --> 00:03:51,720 Speaker 1: optimism there. They see second quarter EPs will mark the 65 00:03:51,760 --> 00:03:56,000 Speaker 1: low point for shoes margin as they navigate significant tariff 66 00:03:56,040 --> 00:03:58,840 Speaker 1: pressure this year. But from here onwards they're seeing a 67 00:03:58,840 --> 00:04:01,680 Speaker 1: lot of optimism, so many moving pieces. They believe the 68 00:04:01,760 --> 00:04:06,840 Speaker 1: market is underappreciating their acquisition of caging and seeing upside 69 00:04:06,840 --> 00:04:07,240 Speaker 1: from here. 70 00:04:08,400 --> 00:04:12,720 Speaker 2: The Stockmovers podcast from Bloomberg Radio. Check back with us 71 00:04:12,760 --> 00:04:15,680 Speaker 2: throughout the day for the latest roundup of companies making 72 00:04:15,760 --> 00:04:19,360 Speaker 2: news on Wall Street and for the latest market moving headlines. 73 00:04:19,480 --> 00:04:23,440 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 74 00:04:23,480 --> 00:04:26,279 Speaker 2: dot com, and on Applecarplay and Android Auto with the 75 00:04:26,320 --> 00:04:27,679 Speaker 2: Bloomberg Business app.