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 --> 00:00:16,280 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,720 --> 00:00:20,279 Speaker 1: A little bit of wavering here after the CPI report, 5 00:00:20,680 --> 00:00:23,320 Speaker 1: but we do have some individual companies that we're watching. 6 00:00:23,400 --> 00:00:26,120 Speaker 1: We're going to get to more with that with Noura. 7 00:00:26,280 --> 00:00:30,880 Speaker 1: Melinda Bloomberg, Television Markets Correspondent, Noura, what are you watching today? 8 00:00:31,080 --> 00:00:33,000 Speaker 3: Well, let's take a look at meta platforms. Let's take 9 00:00:33,040 --> 00:00:36,280 Speaker 3: our m ETA. We're seeing shares lower by about two percent. 10 00:00:36,360 --> 00:00:39,080 Speaker 3: This is after some news that investors are digesting that 11 00:00:39,120 --> 00:00:41,880 Speaker 3: the company is slashing more than one thousand jobs from 12 00:00:41,880 --> 00:00:45,040 Speaker 3: it's reality Labs division. This is a plan to essentially 13 00:00:45,080 --> 00:00:49,320 Speaker 3: redirect resources toward AI, wearables and phone features. I don't 14 00:00:49,320 --> 00:00:51,520 Speaker 3: know if you guys remember some years back when everyone 15 00:00:51,560 --> 00:00:53,960 Speaker 3: was talking about the metaverse, Well, data really take off 16 00:00:54,240 --> 00:00:56,520 Speaker 3: in the way that they anticipated it would. There's this 17 00:00:56,600 --> 00:00:58,920 Speaker 3: plan that we would do pretty much everything in the metaverse, 18 00:00:58,960 --> 00:01:01,640 Speaker 3: whether it's shopping, eating, things like that, and it hasn't 19 00:01:01,640 --> 00:01:04,480 Speaker 3: really taken off. So they are slashing and really reducing 20 00:01:04,480 --> 00:01:06,600 Speaker 3: that division here. So you're seeing investors really trying to 21 00:01:06,600 --> 00:01:08,959 Speaker 3: figure out how they feel about this in addition to 22 00:01:08,959 --> 00:01:09,600 Speaker 3: the fact that we did. 23 00:01:09,640 --> 00:01:11,240 Speaker 1: Why did they change the name of the cup? 24 00:01:11,440 --> 00:01:12,479 Speaker 3: Why do they change the name? 25 00:01:12,560 --> 00:01:14,119 Speaker 1: Well, that's a question for. 26 00:01:14,080 --> 00:01:15,120 Speaker 3: Them, we'll have to ask. 27 00:01:15,200 --> 00:01:17,880 Speaker 2: One time, Zuckerberg was betting big on the metaverse big. 28 00:01:17,959 --> 00:01:20,000 Speaker 1: Then My favorite story was that he was in his 29 00:01:20,080 --> 00:01:22,280 Speaker 1: house in Hawaii meeting with his team about how they 30 00:01:22,319 --> 00:01:26,240 Speaker 1: would kind of loosen an investment in this in this technology. 31 00:01:26,280 --> 00:01:27,800 Speaker 3: Yes, I remember seeing that Hawaii. 32 00:01:27,840 --> 00:01:30,440 Speaker 1: Story is that when he put on a lot of 33 00:01:30,480 --> 00:01:32,240 Speaker 1: sunscreen like it made his face all light. 34 00:01:32,480 --> 00:01:33,280 Speaker 3: I remember that one. 35 00:01:34,280 --> 00:01:37,960 Speaker 1: Yeah, that was all all the time though, Yeah, absolutely right. 36 00:01:38,080 --> 00:01:40,679 Speaker 3: Second stock, Second stock, Well, we're looking at airlines. I've 37 00:01:40,680 --> 00:01:44,120 Speaker 3: got Delta Airlines and particular in focus that's ticker DL. 38 00:01:44,319 --> 00:01:46,640 Speaker 3: We're seeing shares down by about one point seven percent. 39 00:01:46,720 --> 00:01:51,040 Speaker 3: This is after they provided a profit forecast missed analyst expectations. 40 00:01:51,320 --> 00:01:54,280 Speaker 3: This essentially is underscoring the idea of a more cautious 41 00:01:54,360 --> 00:01:57,360 Speaker 3: view for twenty twenty six. They're expecting full year earnings 42 00:01:57,520 --> 00:01:59,040 Speaker 3: per share for twenty twenty six to be in the 43 00:01:59,120 --> 00:02:01,400 Speaker 3: range of six dollars fifty cents to seven dollars and 44 00:02:01,400 --> 00:02:04,960 Speaker 3: fifty cents the midpoint of that, falling shorten of estimates. 45 00:02:05,160 --> 00:02:07,120 Speaker 3: But they did say that they plan to invest in 46 00:02:07,160 --> 00:02:10,320 Speaker 3: their fleet, including a landmark order of Boeing seven eight 47 00:02:10,360 --> 00:02:14,280 Speaker 3: to seven Dreamliners jets. But essentially we do still see 48 00:02:14,440 --> 00:02:16,400 Speaker 3: the street not really liking this. Of course, we'll be 49 00:02:16,400 --> 00:02:18,680 Speaker 3: hearing from some more airlines through this earning season. 50 00:02:19,040 --> 00:02:21,040 Speaker 1: One more for US Nora. What else are you watching today? 51 00:02:21,200 --> 00:02:24,600 Speaker 3: Let's take a look at L three Harris Technologies, that's 52 00:02:24,639 --> 00:02:29,200 Speaker 3: ticker LHX. We're seeing shares up about two point seven percent. 53 00:02:29,280 --> 00:02:32,200 Speaker 3: This is after they got the US Department of Defense 54 00:02:32,360 --> 00:02:34,799 Speaker 3: investing in the company. They're set to invest in its 55 00:02:34,880 --> 00:02:38,440 Speaker 3: missile unit with a one billion dollar convertible preferred security. 56 00:02:38,880 --> 00:02:42,200 Speaker 3: This investment will significantly increase capacity to build solid rocket 57 00:02:42,240 --> 00:02:45,400 Speaker 3: motors for US missiles. That's according to the company. But 58 00:02:45,560 --> 00:02:48,280 Speaker 3: this really is just an underscoring of this idea of 59 00:02:48,320 --> 00:02:52,639 Speaker 3: bolstering the US defense efforts increasing production of systems. And 60 00:02:52,960 --> 00:02:55,280 Speaker 3: also when we think about air defense missiles and advanced 61 00:02:55,280 --> 00:02:57,280 Speaker 3: strike missiles, we're really seeing a bet on that. 62 00:02:57,360 --> 00:03:02,639 Speaker 2: Here the stock mover's report from Bloomberg Radio. Check back 63 00:03:02,680 --> 00:03:04,880 Speaker 2: with us throughout the day for the latest roundup. Of 64 00:03:04,960 --> 00:03:08,240 Speaker 2: companies making news on Wall Street, and for the latest 65 00:03:08,280 --> 00:03:12,480 Speaker 2: market moving headlines. Listen to Bloomberg Radio Live. Catch us 66 00:03:12,520 --> 00:03:16,280 Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android 67 00:03:16,280 --> 00:03:18,240 Speaker 2: Auto with the Bloomberg Business App.