1 00:00:02,520 --> 00:00:09,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:17,720 Speaker 2: the stock market, harnessing the power of Bloomberg data. Let's 4 00:00:17,760 --> 00:00:18,959 Speaker 2: take a look at some of the stocks on the 5 00:00:18,960 --> 00:00:19,360 Speaker 2: move today. 6 00:00:19,360 --> 00:00:21,120 Speaker 1: We're joined by bloombergs Isabell Lee Isabelle. 7 00:00:21,120 --> 00:00:21,680 Speaker 2: What are you looking at? 8 00:00:22,040 --> 00:00:25,040 Speaker 1: Caterpillar? So we have the stock seeing some pressure. Now 9 00:00:25,040 --> 00:00:27,400 Speaker 1: it's edging slightly lower by just two tenths of one percent. 10 00:00:27,640 --> 00:00:30,920 Speaker 1: So here's another company that presented dual outcomes. So first, 11 00:00:30,960 --> 00:00:34,080 Speaker 1: Caterpillar said they expect slightly lower sales this year if 12 00:00:34,120 --> 00:00:36,720 Speaker 1: tariffs remain in place and the economy dips into a 13 00:00:36,800 --> 00:00:39,479 Speaker 1: recession in the second half. So this guidance came in 14 00:00:39,520 --> 00:00:42,720 Speaker 1: line with previous expectations. The second one is without tariff, 15 00:00:42,760 --> 00:00:44,680 Speaker 1: so the company said profit would be at the top 16 00:00:44,800 --> 00:00:47,960 Speaker 1: end of that range, would sales little change from last year. 17 00:00:48,000 --> 00:00:50,160 Speaker 1: So for the quarter, the company posted earnings that fell 18 00:00:50,200 --> 00:00:52,600 Speaker 1: short of estimates. So Caterpillar is a bell weather for 19 00:00:52,640 --> 00:00:55,240 Speaker 1: the health of the economy. I mean, it's uncertainty to 20 00:00:55,320 --> 00:00:57,320 Speaker 1: really just cost some angst in Wall Street, because if 21 00:00:57,360 --> 00:01:00,120 Speaker 1: you're struggling to forecast what demand might look like for 22 00:01:00,160 --> 00:01:01,760 Speaker 1: the rest of the year, and you're a heavy equipment 23 00:01:02,160 --> 00:01:05,160 Speaker 1: equipment maker, then that just makes it harder for the 24 00:01:05,160 --> 00:01:05,640 Speaker 1: rest of us. 25 00:01:05,760 --> 00:01:10,320 Speaker 2: Yeah. Absolutely, Starbucks down seven percent, but well off the loads. 26 00:01:10,040 --> 00:01:12,000 Speaker 1: Of the session in an overnight trading as well. Everyone. 27 00:01:12,000 --> 00:01:14,680 Speaker 1: Since we got that consumer data, the spending done and 28 00:01:14,720 --> 00:01:17,720 Speaker 1: income data, things have been recovering a bit, recovering a bit. 29 00:01:17,760 --> 00:01:20,640 Speaker 1: I think the word for Starbucks is really progress. So 30 00:01:20,640 --> 00:01:22,679 Speaker 1: we have the CEO saying that the coffee chain is 31 00:01:22,680 --> 00:01:25,600 Speaker 1: making progress and reviving growth, but of course flagging sales 32 00:01:25,640 --> 00:01:28,080 Speaker 1: in the latest quarter is really adding to the pressure. 33 00:01:28,080 --> 00:01:30,560 Speaker 1: We have the new Wish CEO, Brian Nicol saying, point black, 34 00:01:30,600 --> 00:01:33,320 Speaker 1: the results were disappointing, but he said under the hood, 35 00:01:33,440 --> 00:01:35,240 Speaker 1: we're seeing progress and we know that. Ever since he 36 00:01:35,280 --> 00:01:37,520 Speaker 1: took the helm in September last year, he's made some changes. 37 00:01:37,760 --> 00:01:40,120 Speaker 1: He's streamlined the menu. He's made sure that there won't 38 00:01:40,120 --> 00:01:43,480 Speaker 1: be any long lines, especially if you order in store, 39 00:01:43,560 --> 00:01:45,559 Speaker 1: because I think for a while it was the people 40 00:01:45,640 --> 00:01:48,440 Speaker 1: ordering online that we're getting their priority. But still a 41 00:01:48,520 --> 00:01:51,320 Speaker 1: fun fact or not so fun fact is from September 42 00:01:51,360 --> 00:01:53,960 Speaker 1: last year to now, the stock has edged lower by 43 00:01:54,040 --> 00:01:56,640 Speaker 1: fifteen percent, but still maybe it's too early to judge. 44 00:01:56,720 --> 00:01:59,600 Speaker 1: We have Morgan Stanley, Ram and Jimsuisquihana, though cutting their price. 45 00:01:59,440 --> 00:02:01,840 Speaker 2: Targets double short mocha. 46 00:02:02,080 --> 00:02:04,880 Speaker 1: That's my that's your favorite? Was there like chocolate sauce 47 00:02:04,920 --> 00:02:07,400 Speaker 1: on that? Yes? I think basically hot chocolate with a 48 00:02:07,440 --> 00:02:08,640 Speaker 1: couple of shots espresso. 49 00:02:08,760 --> 00:02:11,240 Speaker 2: It's basically how about you? Do you have a go 50 00:02:11,320 --> 00:02:11,919 Speaker 2: to order as well? 51 00:02:11,960 --> 00:02:14,560 Speaker 1: I like Cafe Mocha. So I know some people they 52 00:02:14,680 --> 00:02:18,280 Speaker 1: like to snub Starbucks, but I like Starbucks because all 53 00:02:18,280 --> 00:02:20,799 Speaker 1: over the world it tastes the same. Yes, I get 54 00:02:20,919 --> 00:02:23,359 Speaker 1: it tastes the same. Yes, yea, no matter where you are. 55 00:02:23,400 --> 00:02:24,480 Speaker 1: That's if I do something. 56 00:02:24,480 --> 00:02:26,280 Speaker 2: I'll do that all right? 57 00:02:26,400 --> 00:02:30,600 Speaker 1: Uh Snap Snap shares are edging lower by sixteen percent, 58 00:02:30,639 --> 00:02:33,040 Speaker 1: that's them sins at least August, so they narrowly beat 59 00:02:33,080 --> 00:02:36,119 Speaker 1: revenue estimates, but they declined to issue a sales forecast, 60 00:02:36,120 --> 00:02:40,120 Speaker 1: so again, like many others, they cite macroeconomic headwinds and 61 00:02:40,160 --> 00:02:42,040 Speaker 1: the acts again in Wall Street, was evident. We have 62 00:02:42,120 --> 00:02:45,000 Speaker 1: Morgan Stanley saying that their decision to pull their guidance 63 00:02:45,040 --> 00:02:48,560 Speaker 1: this early speaks to how business is slightly in worse 64 00:02:48,600 --> 00:02:50,760 Speaker 1: shape than previously thought. So that's a little bit of 65 00:02:50,800 --> 00:02:53,280 Speaker 1: a strong word there. We have Goggenheimer and James City 66 00:02:53,320 --> 00:02:55,519 Speaker 1: cutting their price targets. But it's not just snap. I 67 00:02:55,600 --> 00:02:57,600 Speaker 1: mean many companies are really just struggling how to make 68 00:02:57,639 --> 00:03:00,520 Speaker 1: sense of this environment. Porsche warned of shrinking profit margins. 69 00:03:00,880 --> 00:03:03,120 Speaker 1: Jet Bluepool that's full your outlook in GM with your 70 00:03:03,120 --> 00:03:05,160 Speaker 1: earnings guidance so to becoming a trend. 71 00:03:06,160 --> 00:03:10,480 Speaker 2: The Stockmovers podcast from Bloomberg Radio. Check back with us 72 00:03:10,520 --> 00:03:13,440 Speaker 2: throughout the day for the latest roundup of companies making 73 00:03:13,520 --> 00:03:17,120 Speaker 2: news on Wall Street and for the latest market moving headlines. 74 00:03:17,240 --> 00:03:21,160 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 75 00:03:21,240 --> 00:03:24,040 Speaker 2: dot com, and on Applecarplay and Android Auto with the 76 00:03:24,040 --> 00:03:25,440 Speaker 2: Bloomberg Business app.