WEBVTT - Retail Stocks Slide on Tariff Uncertainty, Intel Surges, Chipotle Rises

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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 3>I'm Carol Masser, a longer term standick. Let's get to

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<v Speaker 3>some stocks on the move with us to do that

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<v Speaker 3>as Bloomberg News process A reporter Janita Sikov, she's here

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<v Speaker 3>in studio. You want to start with retail stocks.

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<v Speaker 4>What's going on?

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<v Speaker 5>Yeah, we had a grave day for this SMP, but

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<v Speaker 5>not so much for the retail sector. That was the

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<v Speaker 5>one that was heard the most after we learned that

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<v Speaker 5>Supreme Court would then release it is highly anticipated decision today.

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<v Speaker 4>Two names I'm.

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<v Speaker 5>Looking at under Armour and Coles, both of them were

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<v Speaker 5>down about six percent today. Really a lot of pressure there.

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<v Speaker 5>We saw some of those name rallying into closer to

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<v Speaker 5>the decision, so there was some optimism there. And another

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<v Speaker 5>thing with the delay of the decision is that there

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<v Speaker 5>has been so much uncertainty and all those retail names

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<v Speaker 5>have been under so much pressure that you can see

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<v Speaker 5>that any delay is weighing additionally on that. It's not

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<v Speaker 5>only those names we have Lulu Lemon, we have Best buy,

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<v Speaker 5>we have American ego. All of those are under a

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<v Speaker 5>lot of pressure today. Now we know the Supreme Court

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<v Speaker 5>decision is moved to Wednesday. But even with that, we

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<v Speaker 5>know that a lot of companies like Costco are suing

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<v Speaker 5>for a refunds. But even if the decision is against

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<v Speaker 5>the Supreme Court, then their decision about the refunds may

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<v Speaker 5>move to lower courts. So it's still we're going back

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<v Speaker 5>to that uncertainty and certainty, uncertainty, and the victim of

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<v Speaker 5>that is retail socks.

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<v Speaker 1>Okay, let's talk a little bit about what's going on

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<v Speaker 1>with Intel, another company on your radar.

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<v Speaker 3>I feel like the chip sector, there's been a lot

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<v Speaker 3>of movement today to the upside.

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<v Speaker 5>Yeah. Intel has been doing so well. It rolls more

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<v Speaker 5>than ten percent. This is the highest level since March

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<v Speaker 5>twenty twenty four.

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<v Speaker 4>Of course, the ticker is i NTC.

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<v Speaker 5>It's coming also from us by the White House. President

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<v Speaker 5>Trump praise Intel CEO after their meeting. They had a

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<v Speaker 5>meeting at White House. After that he took over social

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<v Speaker 5>media and he said, we met a great deal, and

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<v Speaker 5>so did Intel. There is a lot of optimism there

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<v Speaker 5>and of course they recently had.

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<v Speaker 4>A new CEO takeover. There has been a lot of

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<v Speaker 4>optimism since then. He's been really.

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<v Speaker 5>Showing up a lot of the troubled business. But yet

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<v Speaker 5>we're just we're yet to see if the new investment

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<v Speaker 5>is actually paying off and all those new chips are

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<v Speaker 5>going to prove, and whether Intel can actually take a

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<v Speaker 5>serious share of that business despite the big rally we're

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<v Speaker 5>saying in the stock.

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<v Speaker 2>But I don't know.

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<v Speaker 1>I don't know if I envy the position of a

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<v Speaker 1>corporate executive who is in charge of a company that

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<v Speaker 1>has US ownership. It's all, well, you know, the tweets

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<v Speaker 1>are great or that social media posts are great when

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<v Speaker 1>the stock is up, But when the stock goes down,

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<v Speaker 1>is that phone the ring? And yeah, is there going

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<v Speaker 1>to be an angry president on the other side of that.

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<v Speaker 3>I don't know, But it's certainly a new world order,

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<v Speaker 3>right Like It's just kind of blows my mind. I

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<v Speaker 3>think a lot of people when you think about the

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<v Speaker 3>US government ownership and Intel so directly right versus maybe

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<v Speaker 3>some other type of policy see to support the industry

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<v Speaker 3>of the company, specifically from chips to guacamali, we go

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<v Speaker 3>to lunch bowls.

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<v Speaker 4>It's very.

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<v Speaker 5>Well, yeah, we've been talking about the lunch bowl era ending,

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<v Speaker 5>but we're seeing some optimism there.

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<v Speaker 4>Two names, Chipotle and Cava.

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<v Speaker 5>Both their them have initiated coverage A tails the advisory

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<v Speaker 5>group and the initiation is starting with overweight, So pretty

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<v Speaker 5>bullish I think there. Chipotle is up on the news

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<v Speaker 5>as much as two percent. The tickers courses, c MG.

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<v Speaker 4>Cava also gained all the news.

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<v Speaker 5>It was up as much as three point six percent.

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<v Speaker 5>Now the games are a little bit smaller, but still

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<v Speaker 5>a lot of optimism there.

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<v Speaker 4>The ticker, of course is see av A.

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<v Speaker 5>We're seeing an interesting trend in Chipotle, and I'm sure

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<v Speaker 5>you've seen any other brands.

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<v Speaker 4>It's all about proteins.

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<v Speaker 5>They've introduced those menus that have so much proteins, like

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<v Speaker 5>thirty grams.

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<v Speaker 4>They always have a lot of proteins.

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<v Speaker 5>Even if you go to Sweet Green, I think it

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<v Speaker 5>was like one hundred grams of protein. It's like a

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<v Speaker 5>constant umping up those numbers. And there is a tam there.

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<v Speaker 5>They're saying she putally remains on track to become a

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<v Speaker 5>leading global restaurant. Same thing for Cava. What done is

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<v Speaker 5>this pointing out that some young Cris Summers are wary

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<v Speaker 5>and perhaps are not going back to those brands in

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<v Speaker 5>twenty twenty five was definitely a softiear for those launch

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<v Speaker 5>balls we've been talking about, But maybe there is more

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<v Speaker 5>good news going ahead.

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