Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers podcast, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg data. Let's
Speaker 2: take a look at some of the stocks on the
Speaker 2: move today.
Speaker 1: We're joined by bloombergs Isabell Lee Isabelle.
Speaker 2: What are you looking at?
Speaker 1: Caterpillar? So we have the stock seeing some pressure. Now
Speaker 1: it's edging slightly lower by just two tenths of one percent.
Speaker 1: So here's another company that presented dual outcomes. So first,
Speaker 1: Caterpillar said they expect slightly lower sales this year if
Speaker 1: tariffs remain in place and the economy dips into a
Speaker 1: recession in the second half. So this guidance came in
Speaker 1: line with previous expectations. The second one is without tariff,
Speaker 1: so the company said profit would be at the top
Speaker 1: end of that range, would sales little change from last year.
Speaker 1: So for the quarter, the company posted earnings that fell
Speaker 1: short of estimates. So Caterpillar is a bell weather for
Speaker 1: the health of the economy. I mean, it's uncertainty to
Speaker 1: really just cost some angst in Wall Street, because if
Speaker 1: you're struggling to forecast what demand might look like for
Speaker 1: the rest of the year, and you're a heavy equipment
Speaker 1: equipment maker, then that just makes it harder for the
Speaker 1: rest of us.
Speaker 2: Yeah. Absolutely, Starbucks down seven percent, but well off the loads.
Speaker 1: Of the session in an overnight trading as well. Everyone.
Speaker 1: Since we got that consumer data, the spending done and
Speaker 1: income data, things have been recovering a bit, recovering a bit.
Speaker 1: I think the word for Starbucks is really progress. So
Speaker 1: we have the CEO saying that the coffee chain is
Speaker 1: making progress and reviving growth, but of course flagging sales
Speaker 1: in the latest quarter is really adding to the pressure.
Speaker 1: We have the new Wish CEO, Brian Nicol saying, point black,
Speaker 1: the results were disappointing, but he said under the hood,
Speaker 1: we're seeing progress and we know that. Ever since he
Speaker 1: took the helm in September last year, he's made some changes.
Speaker 1: He's streamlined the menu. He's made sure that there won't
Speaker 1: be any long lines, especially if you order in store,
Speaker 1: because I think for a while it was the people
Speaker 1: ordering online that we're getting their priority. But still a
Speaker 1: fun fact or not so fun fact is from September
Speaker 1: last year to now, the stock has edged lower by
Speaker 1: fifteen percent, but still maybe it's too early to judge.
Speaker 1: We have Morgan Stanley, Ram and Jimsuisquihana, though cutting their price.
Speaker 2: Targets double short mocha.
Speaker 1: That's my that's your favorite? Was there like chocolate sauce
Speaker 1: on that? Yes? I think basically hot chocolate with a
Speaker 1: couple of shots espresso.
Speaker 2: It's basically how about you? Do you have a go
Speaker 2: to order as well?
Speaker 1: I like Cafe Mocha. So I know some people they
Speaker 1: like to snub Starbucks, but I like Starbucks because all
Speaker 1: over the world it tastes the same. Yes, I get
Speaker 1: it tastes the same. Yes, yea, no matter where you are.
Speaker 1: That's if I do something.
Speaker 2: I'll do that all right?
Speaker 1: Uh Snap Snap shares are edging lower by sixteen percent,
Speaker 1: that's them sins at least August, so they narrowly beat
Speaker 1: revenue estimates, but they declined to issue a sales forecast,
Speaker 1: so again, like many others, they cite macroeconomic headwinds and
Speaker 1: the acts again in Wall Street, was evident. We have
Speaker 1: Morgan Stanley saying that their decision to pull their guidance
Speaker 1: this early speaks to how business is slightly in worse
Speaker 1: shape than previously thought. So that's a little bit of
Speaker 1: a strong word there. We have Goggenheimer and James City
Speaker 1: cutting their price targets. But it's not just snap. I
Speaker 1: mean many companies are really just struggling how to make
Speaker 1: sense of this environment. Porsche warned of shrinking profit margins.
Speaker 1: Jet Bluepool that's full your outlook in GM with your
Speaker 1: earnings guidance so to becoming a trend.
Speaker 2: The Stockmovers podcast from Bloomberg Radio. Check back with us
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