1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market 3 00:00:13,680 --> 00:00:16,960 Speaker 1: harnessing the power of Bloomberg Data. Let's take a look 4 00:00:17,000 --> 00:00:19,160 Speaker 1: at some of the stocks on the move today. I'm 5 00:00:19,160 --> 00:00:21,640 Speaker 1: Paul swinging alongside Scarlet Food and we're joined by Bloomberg's 6 00:00:22,040 --> 00:00:23,360 Speaker 1: normal Linda Nor. What are you looking at? 7 00:00:23,520 --> 00:00:25,120 Speaker 2: Well, let's take a look at some of the techtocks. 8 00:00:25,160 --> 00:00:27,080 Speaker 2: I mean, of course, we know information technology is the 9 00:00:27,120 --> 00:00:29,120 Speaker 2: worst performing sector in the S and P five hundred 10 00:00:29,120 --> 00:00:31,479 Speaker 2: are really seeing a broad based sell off in that 11 00:00:31,520 --> 00:00:34,480 Speaker 2: space particularly, But I'm looking at shares of Microsoft that's 12 00:00:34,600 --> 00:00:39,520 Speaker 2: MSFT and Amazon AMZN, both underperforming the mag seven groove, 13 00:00:39,560 --> 00:00:41,800 Speaker 2: and this is after Roth's Childing Co and analyst over 14 00:00:41,840 --> 00:00:44,560 Speaker 2: there downgraded both of these names for the first time 15 00:00:44,600 --> 00:00:47,640 Speaker 2: since initiating coverage back in June of twenty twenty two. 16 00:00:47,920 --> 00:00:50,080 Speaker 2: They're essentially talking about the fact that the industry is 17 00:00:50,120 --> 00:00:52,960 Speaker 2: like trust Us jen AI is just like early Cloud 18 00:00:53,000 --> 00:00:55,120 Speaker 2: one point zero. But it seems that this is just 19 00:00:55,120 --> 00:00:57,800 Speaker 2: really echoing no sentiments about a potential AI bubble and 20 00:00:57,840 --> 00:01:00,000 Speaker 2: whether or not a lot of these companies are over 21 00:01:00,200 --> 00:01:03,520 Speaker 2: stating what expectations should be versus what they will actually 22 00:01:03,520 --> 00:01:05,640 Speaker 2: be able to deliver. So you are seeing some pressure 23 00:01:05,920 --> 00:01:09,160 Speaker 2: on those two stocks, in particularly shares of Microsoft earlier 24 00:01:09,200 --> 00:01:11,640 Speaker 2: hitting their lowest level since July. 25 00:01:12,800 --> 00:01:15,319 Speaker 1: And of course retail earnings are now front and center, 26 00:01:15,360 --> 00:01:16,639 Speaker 1: and you're looking at Home Depot. 27 00:01:16,840 --> 00:01:18,840 Speaker 2: Also looking at Home Depot, we do see shares of 28 00:01:18,840 --> 00:01:21,760 Speaker 2: Home Depot lower down by about three point six percent, 29 00:01:21,840 --> 00:01:24,160 Speaker 2: that's ticker HD, but it was earlier down as much 30 00:01:24,160 --> 00:01:26,440 Speaker 2: as five percent. That's the most in the lowest level 31 00:01:26,560 --> 00:01:29,360 Speaker 2: since April. Here, this is after the company cut its 32 00:01:29,360 --> 00:01:31,920 Speaker 2: full year earning's guidance. We really are seeing, of course, 33 00:01:31,920 --> 00:01:33,880 Speaker 2: some data that does support the fact that the labor 34 00:01:33,920 --> 00:01:35,920 Speaker 2: market is doing okay, but it does seem as though 35 00:01:36,240 --> 00:01:38,440 Speaker 2: in this particular space when we think about home improvement, 36 00:01:38,440 --> 00:01:41,199 Speaker 2: the consumer is pressured. Here we're not seeing as many 37 00:01:41,240 --> 00:01:44,000 Speaker 2: people buying those big ticket items that they were before. 38 00:01:44,040 --> 00:01:47,240 Speaker 2: At Home Depot, Tariff concerns still of course in focus, 39 00:01:47,480 --> 00:01:50,320 Speaker 2: and just generally we're seeing a housing market that still 40 00:01:50,360 --> 00:01:52,760 Speaker 2: remains frozen. So you are seeing all these things and 41 00:01:52,840 --> 00:01:57,720 Speaker 2: more weighing on results out of Home Depot. Cloud Fare, yes, 42 00:01:57,800 --> 00:02:00,960 Speaker 2: cloud Flare, this is ticker in EAT we're seeing shares 43 00:02:01,000 --> 00:02:04,480 Speaker 2: lower by about two point nine percent earlier dropping for 44 00:02:04,560 --> 00:02:06,960 Speaker 2: their biggest drops drops in stu Lie. And of course 45 00:02:07,000 --> 00:02:09,200 Speaker 2: we know that this global outage that we did see 46 00:02:09,240 --> 00:02:12,239 Speaker 2: on the network is now resolving. That's according to reports here. 47 00:02:12,320 --> 00:02:15,320 Speaker 2: But this was of course weighing on shares of cloud Fair. 48 00:02:15,440 --> 00:02:18,760 Speaker 2: Of course we did see this affecting sites like Chat, GPTX. 49 00:02:18,840 --> 00:02:21,080 Speaker 2: I mean, I was on Twitter, it wasn't loading anything. 50 00:02:21,200 --> 00:02:23,520 Speaker 2: So it seems as though we were seeing some weakness 51 00:02:23,520 --> 00:02:25,560 Speaker 2: in the stock based off of the fact that there 52 00:02:25,680 --> 00:02:28,440 Speaker 2: was some unclarity as to what this actually. 53 00:02:28,360 --> 00:02:32,919 Speaker 1: Was due from the stock mover's report from Bloomberg Radio. 54 00:02:33,440 --> 00:02:35,600 Speaker 1: Check back with us throughout the day for the latest 55 00:02:35,639 --> 00:02:38,840 Speaker 1: roundup of companies making news on Wall Street and for 56 00:02:38,960 --> 00:02:42,880 Speaker 1: the latest market moving headlines. 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