Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market. Harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some stocks on the move today.
Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel. On a
Speaker 3: Friday morning, it feels like Friday. Everybody's happy this morning,
Speaker 3: especially Intel investors for a change. Good morning, val Hey,
Speaker 3: Good morning Nathan.
Speaker 1: Happy CPI Friday to you. Don often get to say
Speaker 1: that Intel shares in the green up nearly eight percent
Speaker 1: on the back of earnings, which show that they have
Speaker 1: returned to profitability. They also gave a encouraging forecast after
Speaker 1: seeing the PC market rebounding. It is suggesting that this
Speaker 1: chip maker is making progress in a long and challenging
Speaker 1: comeback attempt. Now it seems like it is on the
Speaker 1: right track, but it's also been on the right track
Speaker 1: ever since that US government at stake had made it
Speaker 1: one of the works first performing chip stocks into one
Speaker 1: of the best. Intel shares are up some ninety percent
Speaker 1: year to date, and possibly today we can make that
Speaker 1: one hundred percent. With this pre market move of Intel
Speaker 1: up seven point nine percent.
Speaker 3: Also in the green after earnings.
Speaker 1: Ford for It is up over over four percent in
Speaker 1: the pre market trade. They did beat on profit and
Speaker 1: investors we're excited to hear they do have plans to
Speaker 1: boost back their F one fifty and super truck production
Speaker 1: as it plots a rebound from a fire that took
Speaker 1: out a key aluminum supplier earlier this year that did
Speaker 1: hamper sales of its very highly profitable F series of pickups.
Speaker 1: On the back of that fire, they did cut their guidance,
Speaker 1: but it does seem to be that investors are comforted
Speaker 1: that they do have a rebound plan in order to
Speaker 1: get production back online. The CEO also had some pretty
Speaker 1: decent things to say on tariff, saying the impact is
Speaker 1: looking more reasonable for the company. So Ford up higher
Speaker 1: after this beat on profit, up four percent.
Speaker 3: Now there are some stocks in the red this morning,
Speaker 3: including deck Outdoor after earnings. I guess investors are saying ug, yes.
Speaker 1: They are Deckers, the maker of Hoka running shoes and
Speaker 1: ug boots, as you mentioned, is in the red, down
Speaker 1: thirteen percent. They did lower their guidance and the company
Speaker 1: is saying they are seeing some effects of tariffs on
Speaker 1: the US consumer. The CFO said that Deckers expects consumers
Speaker 1: to act increasingly cautious over the next few months, and
Speaker 1: that of course includes the key holiday season. So they
Speaker 1: are expecting a cautious consumer ramping up into the holiday season,
Speaker 1: which is not great for Decker's outlook. And the shares
Speaker 1: are down thirteen percent.
Speaker 3: Yeah, very interesting outlook there. Ahead of that CPI data
Speaker 3: later this morning as well, and we've got some confirmation
Speaker 3: this morning that has Alphabet shares moving. What's going on there.
Speaker 1: Alphabet shares up one point four percent. Now, this comes
Speaker 1: after a confirmation that Google Cloud has got a big
Speaker 1: new contract Andthropic has confirmed that is teaming up with Google.
Speaker 1: Google Cloud in a deal that could be worth billions
Speaker 1: of dollars is something that we reported earlier this week,
Speaker 1: but we now got confirmation from the Anthropic side that
Speaker 1: they intend to use Google Cloud capacity in order to
Speaker 1: train and serve the next generation of their Cloud LLM models,
Speaker 1: and they'll give given an access of more than a
Speaker 1: gigawatt of extra capacity.
Speaker 3: In this deal.
Speaker 1: So Google shares outperforming the Max seven this morning on
Speaker 1: the back of this confirmation of one point four percent.
Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street, and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
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