1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. 2 00:00:09,880 --> 00:00:13,320 Speaker 2: This is the closing bell on the stock movers report, 3 00:00:13,560 --> 00:00:16,520 Speaker 2: the company's making moves at the close of US trading 4 00:00:16,760 --> 00:00:21,320 Speaker 2: with Carol Masser, Tim Stenebeck, Romaine Bostik, and Scarlet Food. 5 00:00:22,520 --> 00:00:24,080 Speaker 3: Earlier in the session, you kind of had an even 6 00:00:24,120 --> 00:00:27,000 Speaker 3: split between winners and losers. But Katie here at the close, 7 00:00:27,040 --> 00:00:28,720 Speaker 3: three hundred and eight names in the S and P 8 00:00:28,800 --> 00:00:31,320 Speaker 3: five hundred gaining ground on this Monday one hundred and 9 00:00:31,400 --> 00:00:32,800 Speaker 3: ninety five to the downside. 10 00:00:32,920 --> 00:00:36,040 Speaker 4: Yeah, pretty good breath for what are pretty contained moves 11 00:00:36,080 --> 00:00:38,120 Speaker 4: on the benchmark level. Same story. When you take a 12 00:00:38,120 --> 00:00:41,640 Speaker 4: look at the sectors, the circle is very green today, 13 00:00:41,680 --> 00:00:46,080 Speaker 4: consumer discretionary and tech leading those gains. If you're looking 14 00:00:46,120 --> 00:00:48,279 Speaker 4: for something to nitpick, you're going to find it in 15 00:00:48,479 --> 00:00:51,639 Speaker 4: communications surfaces off by about half a percent, and you're 16 00:00:51,640 --> 00:00:54,480 Speaker 4: going to find it in energy off by nearly two percent. 17 00:00:54,520 --> 00:00:56,560 Speaker 4: But as you can see by how small that slice 18 00:00:56,560 --> 00:00:58,840 Speaker 4: of red is, that has very little bearing on the 19 00:00:58,840 --> 00:00:59,680 Speaker 4: overall benchmark. 20 00:00:59,720 --> 00:01:01,920 Speaker 3: All right, guys, let's get to some individual gainers. I 21 00:01:01,920 --> 00:01:03,840 Speaker 3: had to talk about app Love and because this one 22 00:01:03,840 --> 00:01:06,280 Speaker 3: at its highs today up about eleven percent, finishing the 23 00:01:06,319 --> 00:01:08,600 Speaker 3: day with a gain of about six and one third 24 00:01:08,680 --> 00:01:12,000 Speaker 3: one percent percentage point six point three percent. It's a 25 00:01:12,040 --> 00:01:13,760 Speaker 3: top gain room about the S and P five hundred 26 00:01:13,760 --> 00:01:16,640 Speaker 3: and the Nasdaq one hundred, I believe, hitting an all 27 00:01:16,720 --> 00:01:20,200 Speaker 3: time high today. It's a mobile app marketing company, and 28 00:01:20,319 --> 00:01:22,520 Speaker 3: analysts have been weighing in on this one in a 29 00:01:22,520 --> 00:01:25,199 Speaker 3: big way, raising their price targets, creating new street highs 30 00:01:25,280 --> 00:01:28,440 Speaker 3: one after another. I mean, on Friday, Piper Sandler raised 31 00:01:28,480 --> 00:01:31,800 Speaker 3: its price target to seven forty from five hundred on Friday, 32 00:01:31,840 --> 00:01:34,520 Speaker 3: also Ubs raising its targets to street high view of 33 00:01:34,920 --> 00:01:38,000 Speaker 3: eight hundred and ten from five forty. Stock closing at 34 00:01:38,000 --> 00:01:41,280 Speaker 3: seven to twelve and change. Today, Morgan Stanley raised the 35 00:01:41,280 --> 00:01:44,080 Speaker 3: target on it to seven point fifty from for eighty. 36 00:01:44,120 --> 00:01:47,319 Speaker 3: A little catch up there, maintaining its overweight rating. Basically, 37 00:01:47,319 --> 00:01:50,040 Speaker 3: what analysts are saying. They're talking about momentum and gaming, 38 00:01:50,120 --> 00:01:53,920 Speaker 3: staggering profit margins, phenomenal growth. That stock has more than 39 00:01:54,000 --> 00:01:58,640 Speaker 3: doubled this year. All right, got to talk to Kindabis 40 00:01:58,680 --> 00:02:00,000 Speaker 3: stocks investors pretty high. 41 00:02:00,040 --> 00:02:00,680 Speaker 2: I see what I did? 42 00:02:00,760 --> 00:02:03,720 Speaker 3: Then? Oh, I know it's so lame. Till Rey Brands 43 00:02:04,040 --> 00:02:07,840 Speaker 3: tickerr tlry up about sixty one percent here at the close, 44 00:02:07,920 --> 00:02:11,040 Speaker 3: so pretty much finishing the day. That's highs of this session. 45 00:02:11,440 --> 00:02:14,960 Speaker 3: President Trump posted a video on social media yesterday that 46 00:02:15,120 --> 00:02:19,560 Speaker 3: Taut's medical benefits of HEMP derived CBD for senior. So 47 00:02:19,720 --> 00:02:22,320 Speaker 3: we saw some excitement in that name. And I just 48 00:02:22,360 --> 00:02:25,240 Speaker 3: wanted to put out electrotronic arts. I mean this one 49 00:02:25,480 --> 00:02:28,480 Speaker 3: about to be public no more. Stock was up about 50 00:02:28,480 --> 00:02:30,280 Speaker 3: four and a half percent this after agreeing to sell 51 00:02:30,320 --> 00:02:32,320 Speaker 3: to a group of private investors in a deal that 52 00:02:32,400 --> 00:02:35,760 Speaker 3: values the company at about fifty five billion, marking the 53 00:02:35,840 --> 00:02:38,320 Speaker 3: largest leverage buyout on record. I think there was about 54 00:02:38,360 --> 00:02:40,480 Speaker 3: twenty billion in depth that's going to be part of 55 00:02:40,480 --> 00:02:42,560 Speaker 3: that deal. And that's after about a fifteen percent jump 56 00:02:42,960 --> 00:02:43,400 Speaker 3: in the stock. 57 00:02:43,919 --> 00:02:45,840 Speaker 1: An honorable mention the big move we saw. 58 00:02:45,840 --> 00:02:46,680 Speaker 3: I would expect you. 59 00:02:46,680 --> 00:02:49,160 Speaker 1: No, let's about sixteen percent, Carol mass I know you're 60 00:02:49,160 --> 00:02:50,880 Speaker 1: a big shopper. That's the best day going back to 61 00:02:50,880 --> 00:02:53,799 Speaker 1: twenty twenty two. But all this ideal of integrating chat 62 00:02:53,840 --> 00:02:57,520 Speaker 1: GPT and the chatbots into the platform here both Etsy 63 00:02:57,560 --> 00:02:59,440 Speaker 1: and Shopify getting nice bits on the day. 64 00:03:00,040 --> 00:03:02,200 Speaker 3: And tell my husband though I thought you were my friend. 65 00:03:03,360 --> 00:03:05,640 Speaker 5: Right, I want to go with some of the stocks 66 00:03:05,639 --> 00:03:07,840 Speaker 5: that were lowered today, hard to find them, but I 67 00:03:07,880 --> 00:03:10,880 Speaker 5: got three for you. Carnival Corporation, the parent company of 68 00:03:10,919 --> 00:03:14,200 Speaker 5: Carnival Cruise Lines, among many other brands, the largest cruise 69 00:03:14,240 --> 00:03:15,880 Speaker 5: operator in the world. For the much of the day, 70 00:03:15,880 --> 00:03:18,680 Speaker 5: it was the worst performing stock, down four percent on 71 00:03:18,720 --> 00:03:20,040 Speaker 5: the day. It was the worst in the S and 72 00:03:20,040 --> 00:03:22,320 Speaker 5: P five hundred, even though the company came out with 73 00:03:22,680 --> 00:03:25,520 Speaker 5: record revenue austin earnings per share for the third quarter 74 00:03:25,600 --> 00:03:28,440 Speaker 5: that beat the average ANAAL assessment, and they raised their 75 00:03:28,440 --> 00:03:30,760 Speaker 5: full year earnings forecast for the third straight quarter. They 76 00:03:30,800 --> 00:03:33,600 Speaker 5: said there's a record pace for ford bookings and improving 77 00:03:33,600 --> 00:03:36,560 Speaker 5: net yields for next year. They've already got half of 78 00:03:36,600 --> 00:03:39,160 Speaker 5: what they have offered booked up already. That's for the 79 00:03:39,240 --> 00:03:41,760 Speaker 5: year of twenty twenty six. We did speak to the 80 00:03:41,840 --> 00:03:45,000 Speaker 5: company's president and CEO just moments ago. He said, the 81 00:03:45,000 --> 00:03:48,480 Speaker 5: trajectory is good, the consumer is strong. He's extremely optimistic, 82 00:03:48,560 --> 00:03:51,440 Speaker 5: and he sees seeing strength from everywhere in the United 83 00:03:51,480 --> 00:03:55,240 Speaker 5: States right now. Still shares finished down four percent today. 84 00:03:55,400 --> 00:03:58,760 Speaker 5: Williamsonoma shares fell four point seven percent. This was actually 85 00:03:58,800 --> 00:04:00,840 Speaker 5: the biggest decliner in the S and P five hundred. 86 00:04:00,840 --> 00:04:03,480 Speaker 5: It's the owner of West Elm pottery, barn and more. 87 00:04:03,760 --> 00:04:05,960 Speaker 5: President Trump out saying that he would levy new tariffs 88 00:04:05,960 --> 00:04:08,560 Speaker 5: to boost the domestic film and furniture industries through a 89 00:04:08,560 --> 00:04:11,520 Speaker 5: pair of sweeping plans. He did post today that he 90 00:04:11,560 --> 00:04:14,240 Speaker 5: would be quote imposing substantial tariffs on any country that 91 00:04:14,240 --> 00:04:16,760 Speaker 5: does not make its furniture in the United States. It 92 00:04:16,800 --> 00:04:19,839 Speaker 5: is unclear exactly how that would work, because companies, not countries, 93 00:04:19,880 --> 00:04:23,240 Speaker 5: manufacture furniture, and the duties are charged on specific imports, 94 00:04:23,720 --> 00:04:26,919 Speaker 5: not governments. The White House did not respond to a 95 00:04:26,960 --> 00:04:30,360 Speaker 5: request for further details. Shares of williams Andoma down for me. 96 00:04:31,040 --> 00:04:34,160 Speaker 3: Wait, I tell you that cloud couch right been eight 97 00:04:34,240 --> 00:04:35,160 Speaker 3: thousand dollars or something. 98 00:04:35,200 --> 00:04:36,040 Speaker 5: I don't even know what that is. 99 00:04:36,279 --> 00:04:37,920 Speaker 1: No, I don't. I sit on the floor. I'm still 100 00:04:37,960 --> 00:04:39,680 Speaker 1: on I'm still using my futon. 101 00:04:39,400 --> 00:04:41,880 Speaker 5: Frud time guy. So ever since college? 102 00:04:41,920 --> 00:04:44,240 Speaker 1: Right, I mean, honestly, best two hundred dollars I ever. 103 00:04:44,080 --> 00:04:49,159 Speaker 5: Spent, Okay, beyond meat. Shares just cratered today down thirty 104 00:04:49,240 --> 00:04:52,479 Speaker 5: six percent, lowest on record. The company made an offer 105 00:04:52,520 --> 00:04:54,679 Speaker 5: to debt holders that would erase more than eight hundred 106 00:04:54,800 --> 00:04:57,520 Speaker 5: million dollars of debt. The offer allows debtholders to replace 107 00:04:57,560 --> 00:05:00,240 Speaker 5: convertible notes with new bonds and shares of Commons stock 108 00:05:00,320 --> 00:05:03,719 Speaker 5: with forty seven percent of holders already agreeing to the 109 00:05:03,800 --> 00:05:04,960 Speaker 5: exchange remain I. 110 00:05:04,920 --> 00:05:06,400 Speaker 1: Just want to put an honorable mention on there. You 111 00:05:06,400 --> 00:05:07,920 Speaker 1: saw the drop and open door. I know you're a 112 00:05:07,920 --> 00:05:10,240 Speaker 1: big fan of that timestent of it mean, and of 113 00:05:10,320 --> 00:05:12,400 Speaker 1: course those shares a down for a second straight day. 114 00:05:12,400 --> 00:05:14,960 Speaker 1: A lot of criticism right now about what Eric Jackson 115 00:05:14,960 --> 00:05:17,240 Speaker 1: has been doing. Of course that vigil outside of Drake's 116 00:05:17,240 --> 00:05:20,960 Speaker 1: house in Toronto, and now other investors basically saying that look, 117 00:05:21,520 --> 00:05:23,600 Speaker 1: be careful, all right, we do want to turn back 118 00:05:23,640 --> 00:05:26,480 Speaker 1: on tuson breaking news, and this evolves the budget impass 119 00:05:26,560 --> 00:05:29,640 Speaker 1: going on in Washington. We are learning now that Republican 120 00:05:29,680 --> 00:05:33,080 Speaker 1: and Democratic lawmakers are now currently meeting with President with 121 00:05:33,120 --> 00:05:36,240 Speaker 1: President Trump at the White House to hopefully try to 122 00:05:36,279 --> 00:05:40,120 Speaker 1: create some sort of deal to avert a government shutdown 123 00:05:40,120 --> 00:05:44,120 Speaker 1: which would take place at the end of tomorrow Tuesday, 124 00:05:44,320 --> 00:05:47,320 Speaker 1: the end of September thirtieth. I do want to check 125 00:05:47,360 --> 00:05:49,200 Speaker 1: in on yields because, believe it or not, I mean 126 00:05:49,240 --> 00:05:51,520 Speaker 1: that was actually a big focus for a lot of 127 00:05:51,560 --> 00:05:54,080 Speaker 1: the market moves that we saw today, particularly when it 128 00:05:54,120 --> 00:05:56,400 Speaker 1: came to the rise that we saw in gold, particularly 129 00:05:56,400 --> 00:05:58,240 Speaker 1: when it came to the drop that we saw in 130 00:05:58,320 --> 00:06:00,880 Speaker 1: the dollar, and we did see a big into treasuries 131 00:06:01,040 --> 00:06:04,279 Speaker 1: that actually push yields down across the curves. Modest drops, 132 00:06:04,320 --> 00:06:06,560 Speaker 1: to be sure, one basis point on the short end 133 00:06:06,560 --> 00:06:08,599 Speaker 1: of the curve and three to four basis points on 134 00:06:08,640 --> 00:06:10,919 Speaker 1: the longer end of the curve. But obviously this is 135 00:06:10,920 --> 00:06:13,400 Speaker 1: going to be way in focus, particularly if we get 136 00:06:13,440 --> 00:06:16,279 Speaker 1: to tomorrow night without a deal, particularly with that big 137 00:06:16,360 --> 00:06:18,719 Speaker 1: jobs report hanging over us this Friday. 138 00:06:18,760 --> 00:06:20,920 Speaker 3: All right, speaking of reports, we do have some earnings 139 00:06:20,920 --> 00:06:23,880 Speaker 3: starting to come out ahead of the official start of earnings. 140 00:06:23,920 --> 00:06:26,760 Speaker 3: Vale Resorts out and we are seeing this stock down 141 00:06:26,839 --> 00:06:29,640 Speaker 3: a little bit in the aftermarket, down maybe about two percent. 142 00:06:29,720 --> 00:06:32,080 Speaker 3: Let's get to the outlooks. He's twenty twenty six total 143 00:06:32,120 --> 00:06:34,960 Speaker 3: reported even a of eight hundred and forty four million 144 00:06:35,000 --> 00:06:38,920 Speaker 3: dollars to nine hundred and six million. It also talks 145 00:06:38,960 --> 00:06:41,360 Speaker 3: about the fourth quarter. The quarter that was fourth quarter 146 00:06:41,440 --> 00:06:44,440 Speaker 3: loss per share of five dollars eight cents. That's a 147 00:06:44,440 --> 00:06:46,520 Speaker 3: little bit steeper than what the street was expecting for 148 00:06:46,600 --> 00:06:49,080 Speaker 3: they were looking for a loss a four dollars seventy 149 00:06:49,080 --> 00:06:52,120 Speaker 3: three CENTSUS share a fourth quarter net revenue two hundred 150 00:06:52,160 --> 00:06:55,200 Speaker 3: and seventy one point three million. That two is just 151 00:06:55,440 --> 00:06:58,200 Speaker 3: a tad light. The estimate on the street was two 152 00:06:58,240 --> 00:07:00,440 Speaker 3: seventy four point four million, And they also talked about 153 00:07:00,440 --> 00:07:03,719 Speaker 3: fourth quarter total skier visits at seven hundred and fifty 154 00:07:03,760 --> 00:07:06,839 Speaker 3: through ound seven hundred fifty three thousand. Excuse me, the 155 00:07:07,000 --> 00:07:10,640 Speaker 3: estimate on the street was seven hundred seventy two nine 156 00:07:10,680 --> 00:07:12,960 Speaker 3: hundred and sixteen. So you can see the stock, like 157 00:07:13,000 --> 00:07:15,640 Speaker 3: I said, down already this year about twenty percent year 158 00:07:15,680 --> 00:07:18,200 Speaker 3: to date, taking another hit to the downside. Guys. 159 00:07:18,280 --> 00:07:21,120 Speaker 4: Yeah, more bad news for veil Light across most measures. 160 00:07:21,120 --> 00:07:23,160 Speaker 4: As you mentioned, Carol, and you think about what a 161 00:07:23,240 --> 00:07:25,760 Speaker 4: rough year it's been for Veil in twenty twenty five, 162 00:07:25,840 --> 00:07:28,520 Speaker 4: that ski patrol strike all the way back from January. 163 00:07:28,640 --> 00:07:32,160 Speaker 4: Certainly some bad pr there. They actually brought back their 164 00:07:32,200 --> 00:07:36,320 Speaker 4: old CEO, so a boomerang there, incurring some costs there. 165 00:07:36,400 --> 00:07:38,840 Speaker 4: You add it all together, and another rough quarter for Vail. 166 00:07:40,240 --> 00:07:44,240 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 167 00:07:44,360 --> 00:07:46,920 Speaker 2: us throughout the day for the latest roundup of companies 168 00:07:47,000 --> 00:07:50,080 Speaker 2: making news on Wall Street and for the latest market 169 00:07:50,120 --> 00:07:54,600 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 170 00:07:54,680 --> 00:07:58,160 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 171 00:07:58,240 --> 00:07:59,760 Speaker 2: the Bloomberg Business app.