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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. Let's

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Speaker 2: take it.

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Speaker 1: We'll get some of the stocks on the move today.

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Speaker 1: For that, we're joined by Bloomberg's Carmen Ranicky. Let's start

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Speaker 1: with Take two. So, I mean, first of all, do

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Speaker 1: we really need a Grand Theft Auto six? Can I

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Speaker 1: shay that out loud?

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Speaker 2: Oh?

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Speaker 1: No, email's coming in.

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Speaker 3: I don't know a lot about video games. It's like

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Speaker 3: part of childhood that I just completely missed out on.

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Speaker 3: But I know Grand Theft Auto on. You know, it's

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Speaker 3: super popular and everyone's.

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Speaker 2: Treasure shoot out to hijack a car. Sure.

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Speaker 1: Cool.

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Speaker 3: But so Take two ticker t t wo shares are

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Speaker 3: down seven percent. Is like the worst intra date drop

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Speaker 3: since early April. Basically, yeah, they delayed the release of

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Speaker 3: this game. It was supposed to be in the fall,

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Speaker 3: and now it looks like it will be in May

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Speaker 3: twenty six. So Wall Street analysts were actually pretty positive

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Speaker 3: on this. Some said that now that there's actually a date,

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Speaker 3: they feel a lot better about it. Until there was

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Speaker 3: a you know, actual solid date on the calendar. They

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Speaker 3: felt that like further delays were always possible. So even

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Speaker 3: though stock is down there, most of the analysts were

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Speaker 3: still pretty positive on it. Take two and yeah, I

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Speaker 3: think the public's really really waiting for GTA six.

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Speaker 1: I remember back in my day, I did I think

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Speaker 1: it was granted at that Botto something, And I did

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Speaker 1: the whole overnight thing with the line outside some game

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Speaker 1: stop in the middle of midtown with a camera talking

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Speaker 1: to people man on the street, bringing back those memories gamer.

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Speaker 2: No I was doing for work? Oh for work?

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Speaker 1: Yeah? No, god no, no, I was at the camera

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Speaker 1: talking to people, doing man on the street stuff for that.

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Speaker 2: Yeah, there we go.

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Speaker 1: Let's also hit Apple here. So we're looking at a

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Speaker 1: couple downgrades.

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Speaker 3: Yeah, so there are two downgrades this morning for Apple.

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Speaker 3: The first was from Jeffreys, which cut its rating to underperform,

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Speaker 3: which is a rare perish view on the stuff. I

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Speaker 3: think it has at least to underperform or sort of

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Speaker 3: sell ratings. The rest of the street is, you know,

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Speaker 3: rather bullish on shares of Apple. Rosenblat Securities also cut

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Speaker 3: its rating from buy to neutral. Basically, this comes after

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Speaker 3: earnings that just weren't enough to sort of asswitche some

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Speaker 3: of like investors' fears around the escalating tariff situation and

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Speaker 3: a slow down in growth in China. Apple said that

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Speaker 3: it expects the tariffs to boost costs by nine hundred

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Speaker 3: million in the current period, and analysts really pushed Tim

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Speaker 3: Cook on the call for any indication beyond the current period,

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Speaker 3: which he really would not give. So there's a big

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Speaker 3: question mark there as to, you know, how much it

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Speaker 3: could hurt Apple if if the tariffs sort of escalate

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Speaker 3: and continue, and how long that goes on. So two

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Speaker 3: downgrades is pretty pretty big deal for Apple. Shares are

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Speaker 3: down more than four percent today.

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Speaker 1: And let's go to five below. So if we take

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Speaker 1: a look at Bloomberg intelligen Is tariff matrix, five below

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Speaker 1: was one of the companies that got hit the hardest

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Speaker 1: in terms of getting having to pass on cost increases.

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Speaker 3: What do we learned today though, Yeah, so they gave

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Speaker 3: preliminary earnings shares about more than six and a half

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Speaker 3: percent the best in about a week. They raised their

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Speaker 3: forecast for first quarter sales and profit, which really goes

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Speaker 3: against sort of this idea that they're going to get

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Speaker 3: hit super hard. By tariff, so they'll obviously the quarter

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Speaker 3: reflects sort of before when the tariffs are really getting going. Basically,

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Speaker 3: it seems like a strong Easter holiday, which fell in

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Speaker 3: April this year, is going to help out five below,

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Speaker 3: as well as actually consumers pulling forward some of their

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Speaker 3: spending because they're anticipating price increases because of tariff. So

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Speaker 3: I think that's really interesting that, you know, they're they're

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Speaker 3: expecting people to kind of stock up ahead of time.

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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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Speaker 2: making news on Wall Street and for the latest market

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