1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:16,640 --> 00:00:18,079 Speaker 3: Let's take a look at some of the stocks on 5 00:00:18,120 --> 00:00:20,480 Speaker 3: the move today, Wall Swing alongside Scarlett Food when we're 6 00:00:20,520 --> 00:00:23,239 Speaker 3: joined by Bloomberg's Carbon Rankey, Carben. What are you looking at? 7 00:00:23,480 --> 00:00:26,799 Speaker 4: Yeah, so it is really a full earnings day today, 8 00:00:26,960 --> 00:00:29,360 Speaker 4: we're in full swing. First stock I'm looking at is 9 00:00:29,440 --> 00:00:35,800 Speaker 4: JB Hunt ticker JBHT. Yes, Transportation and Logistics company shares 10 00:00:35,840 --> 00:00:37,920 Speaker 4: are up nineteen percent right now. This is the best 11 00:00:37,960 --> 00:00:42,880 Speaker 4: intra day move since nineteen ninety eight. So the company 12 00:00:42,920 --> 00:00:47,520 Speaker 4: reported a quarterly profit that beat estimates. Cost saving initiatives 13 00:00:47,520 --> 00:00:52,360 Speaker 4: such as moving fewer empty containers helped boost operating income 14 00:00:52,400 --> 00:00:55,560 Speaker 4: by twelve percent, led to that beat from the Wall 15 00:00:55,640 --> 00:00:59,800 Speaker 4: Street estimates. So it's a positive sign the company. You know, 16 00:01:00,680 --> 00:01:03,200 Speaker 4: overall in this industry has had sort of years of 17 00:01:03,240 --> 00:01:08,320 Speaker 4: like week shipping demand and access trucking capacity. So investors 18 00:01:08,360 --> 00:01:10,240 Speaker 4: clearly really hoping that this is sort of a sign 19 00:01:10,240 --> 00:01:10,800 Speaker 4: of a turnaround. 20 00:01:11,200 --> 00:01:14,759 Speaker 3: Turnover is for truck drivers in this country remarkably short 21 00:01:14,880 --> 00:01:21,200 Speaker 3: or long turnover it's nearly annual turnover very close to one. Wow. 22 00:01:21,720 --> 00:01:23,880 Speaker 3: They're in hiring mode every single. 23 00:01:23,720 --> 00:01:25,920 Speaker 1: Day and they have to train everyone too. So yeah, 24 00:01:25,920 --> 00:01:26,640 Speaker 1: it's a lot of money. 25 00:01:26,640 --> 00:01:28,760 Speaker 4: It pays, I think it pays well. But it's a 26 00:01:28,760 --> 00:01:29,240 Speaker 4: tough job. 27 00:01:29,280 --> 00:01:30,039 Speaker 3: It's a tough job. 28 00:01:30,120 --> 00:01:31,640 Speaker 1: Absolutely. That's why there's down. 29 00:01:31,959 --> 00:01:34,000 Speaker 3: Actually rates are down, so the trucks aren't making as 30 00:01:34,040 --> 00:01:34,440 Speaker 3: much as they. 31 00:01:34,400 --> 00:01:36,160 Speaker 1: Use and that's why everyone's so focused on these self 32 00:01:36,200 --> 00:01:36,959 Speaker 1: driving vehicles. 33 00:01:37,280 --> 00:01:39,160 Speaker 3: Yeah, it's a great point, great point. So all right, 34 00:01:39,160 --> 00:01:42,040 Speaker 3: so that's interesting. I could talk trucks all day, clearly. 35 00:01:42,080 --> 00:01:42,959 Speaker 3: All Right, what else you got? 36 00:01:43,280 --> 00:01:47,039 Speaker 4: So? Salesforce, which is ticker CRM, is up about four 37 00:01:47,080 --> 00:01:51,120 Speaker 4: point six percent right now, best days since August. The 38 00:01:51,120 --> 00:01:55,120 Speaker 4: company eased some investor concerns about a slow down. They 39 00:01:55,160 --> 00:01:58,360 Speaker 4: projected double digit revenue growth in the coming years at 40 00:01:58,400 --> 00:02:02,320 Speaker 4: an investor event yes yesterday. So the company now expects 41 00:02:02,400 --> 00:02:05,320 Speaker 4: sixty billion in annual revenue by the fiscal year that 42 00:02:05,440 --> 00:02:08,600 Speaker 4: ends in January twenty thirty. And this stock has been 43 00:02:08,639 --> 00:02:12,480 Speaker 4: really beaten down this year. It's a software company. It 44 00:02:12,680 --> 00:02:17,120 Speaker 4: was down twenty nine percent through wednesday's close, So people 45 00:02:17,200 --> 00:02:19,720 Speaker 4: have really been looking for sort of similar expectations of 46 00:02:19,760 --> 00:02:21,480 Speaker 4: a turnaround sort of when are they going to get 47 00:02:21,560 --> 00:02:25,000 Speaker 4: AI right and start making more you know, having that 48 00:02:25,160 --> 00:02:27,800 Speaker 4: drive revenue. So also sort of a positive sign for that. 49 00:02:27,800 --> 00:02:30,720 Speaker 1: We are they targeted by activist investors? I wonder are 50 00:02:30,760 --> 00:02:32,799 Speaker 1: those guys still in the company in the stock. 51 00:02:32,760 --> 00:02:35,640 Speaker 3: I don't know, but think if they are stock for 52 00:02:35,680 --> 00:02:36,400 Speaker 3: a long time. 53 00:02:36,560 --> 00:02:39,600 Speaker 1: Yeah, and Benioff did make some changes to address all 54 00:02:39,600 --> 00:02:43,200 Speaker 1: those concerns that activist investors had cited. But clearly it's 55 00:02:43,200 --> 00:02:46,040 Speaker 1: not working this year, it seems. Let's talk about the 56 00:02:46,080 --> 00:02:49,000 Speaker 1: bank's regional bank, Western Alliance reporting. 57 00:02:48,800 --> 00:02:53,160 Speaker 4: Yep so Western Alliance ticker WAL shares are down six 58 00:02:53,200 --> 00:02:55,960 Speaker 4: point four percent right now. So. The company said that 59 00:02:56,080 --> 00:02:58,880 Speaker 4: it filed a lawsuit in August alleging fraud by a 60 00:02:58,919 --> 00:03:03,560 Speaker 4: borrower which failed to provide collateral loans first position. It 61 00:03:03,639 --> 00:03:06,760 Speaker 4: also affirmed a twenty twenty five Guidance and Outlook AGAB 62 00:03:06,800 --> 00:03:09,960 Speaker 4: in July. Regional banks across the board that are also 63 00:03:10,040 --> 00:03:14,240 Speaker 4: being hit because of growing sort of credit concerns after 64 00:03:14,480 --> 00:03:17,399 Speaker 4: Zion's Bankorp said it will record a sixty million dollar 65 00:03:17,600 --> 00:03:18,919 Speaker 4: million dollar provision. 66 00:03:20,160 --> 00:03:24,200 Speaker 2: The stock movers report from Bloomberg Radio check back with 67 00:03:24,280 --> 00:03:26,840 Speaker 2: US throughout the day. For the latest roundup of companies 68 00:03:26,919 --> 00:03:30,000 Speaker 2: making news on Wall Street, and for the latest market 69 00:03:30,040 --> 00:03:34,520 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 70 00:03:34,600 --> 00:03:38,120 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 71 00:03:38,200 --> 00:03:39,680 Speaker 2: the Bloomberg Business app.