1 00:00:02,520 --> 00:00:08,800 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 --> 00:00:16,480 Speaker 2: the stock market, harnessing the power of Bloomberg data. 4 00:00:17,920 --> 00:00:19,840 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:19,880 --> 00:00:22,720 Speaker 1: We are joined by Bloomberg's Critty Gupta on a big 6 00:00:22,800 --> 00:00:25,000 Speaker 1: day for big tech earnings. And while we wait for 7 00:00:25,040 --> 00:00:28,000 Speaker 1: those creedy investors, it seems are still trying to figure 8 00:00:28,040 --> 00:00:30,760 Speaker 1: out how to react to earnings this morning from Caterpillar. 9 00:00:30,840 --> 00:00:32,760 Speaker 1: Good morning, Good morning, Nathan. 10 00:00:32,840 --> 00:00:35,680 Speaker 3: Absolutely, this is, of course the industrial giant, the global 11 00:00:35,720 --> 00:00:39,239 Speaker 3: industrial giant that has so much exposure to both of 12 00:00:39,240 --> 00:00:42,239 Speaker 3: course the United States, but China in particular. Cat is 13 00:00:42,280 --> 00:00:45,200 Speaker 3: your ticker, trading higher by about two percent this morning 14 00:00:45,240 --> 00:00:47,920 Speaker 3: at about three hundred and fourteen dollars a share. Their 15 00:00:48,080 --> 00:00:50,959 Speaker 3: earnings came in strong. This is a major Dow component 16 00:00:51,000 --> 00:00:53,960 Speaker 3: as well, and it was kind of dropping earlier in 17 00:00:54,000 --> 00:00:57,560 Speaker 3: the session because of that expected impact on the tariff story. 18 00:00:57,600 --> 00:00:59,120 Speaker 3: They did issue a little bit of a warning when 19 00:00:59,160 --> 00:01:01,200 Speaker 3: it comes to their full year revenue, but it looks 20 00:01:01,240 --> 00:01:05,200 Speaker 3: like pairing back some of that negativity that they had 21 00:01:05,240 --> 00:01:08,600 Speaker 3: initially come forward with. They've estimated a tariff headwind for 22 00:01:08,640 --> 00:01:10,760 Speaker 3: the second quarter, to the tune of I'm actually going 23 00:01:10,760 --> 00:01:13,240 Speaker 3: to be the upward number here is about up to 24 00:01:13,360 --> 00:01:16,759 Speaker 3: three hundred and fifty million, with an additional cost headwind 25 00:01:17,080 --> 00:01:19,680 Speaker 3: of about the same amount. They are, however, saying that 26 00:01:19,720 --> 00:01:22,760 Speaker 3: there's an order backlog that has increased. So even though 27 00:01:22,800 --> 00:01:25,920 Speaker 3: they did kind of are issuing some warnings about the future, 28 00:01:26,120 --> 00:01:28,800 Speaker 3: it's perhaps not as big as a lot of the 29 00:01:28,840 --> 00:01:31,800 Speaker 3: investors had expected. So you are seeing the markets trade 30 00:01:31,880 --> 00:01:34,000 Speaker 3: higher this morning, like I said too, tune of about 31 00:01:34,040 --> 00:01:36,680 Speaker 3: two percent from peak to trough this morning. Nathan, that's 32 00:01:36,720 --> 00:01:38,440 Speaker 3: a three percent swing, So keep an eye on the 33 00:01:38,560 --> 00:01:41,640 Speaker 3: cat is your ticker. I want to continue with some 34 00:01:41,640 --> 00:01:44,679 Speaker 3: of the earning story because Starbucks is a big one. 35 00:01:44,840 --> 00:01:48,080 Speaker 3: I left to look at my the caramel latte inflation index, 36 00:01:48,640 --> 00:01:51,200 Speaker 3: that is they go to there. There's just in New 37 00:01:51,280 --> 00:01:53,960 Speaker 3: York last week, and I think that caramel lante was 38 00:01:54,000 --> 00:01:57,240 Speaker 3: like seven dollars. Now, it's crazy. I know wild. I 39 00:01:57,280 --> 00:01:59,160 Speaker 3: totally spent it anyway, because I love them. But that's 40 00:01:59,240 --> 00:02:03,520 Speaker 3: that's a different story. Starbucks SBUX, my caramel latte clarently 41 00:02:03,600 --> 00:02:06,680 Speaker 3: not helping their bottom line down about seven percent this morning, 42 00:02:06,960 --> 00:02:10,639 Speaker 3: trading just shy of seventy nine dollars a barrel. They're 43 00:02:10,680 --> 00:02:14,400 Speaker 3: seeing a wave of downgrades from the street this morning, 44 00:02:14,600 --> 00:02:16,640 Speaker 3: and a wave of price cuts as well. Goldman Zachs 45 00:02:16,680 --> 00:02:20,560 Speaker 3: I think set it best that the slower path is 46 00:02:20,639 --> 00:02:23,880 Speaker 3: not a meaningful acceleration. They're also talking about foot traffic, 47 00:02:24,080 --> 00:02:27,240 Speaker 3: suggesting some signs of stabilization, but not enough of a 48 00:02:27,280 --> 00:02:29,480 Speaker 3: reversal to market share. That's a lot of jargon for 49 00:02:29,480 --> 00:02:32,520 Speaker 3: basically saying Starbucks is trying to do their best to recover, 50 00:02:32,639 --> 00:02:36,000 Speaker 3: and that recovery is not happening fast enough. And that 51 00:02:36,200 --> 00:02:38,320 Speaker 3: is not the only downgrade. By the way, you're seeing 52 00:02:38,320 --> 00:02:40,520 Speaker 3: price cuts from the lacs of City, likes of Bloomberg 53 00:02:40,520 --> 00:02:43,919 Speaker 3: Intelligence as well, even Jeffreys moving to a hold on 54 00:02:44,000 --> 00:02:47,480 Speaker 3: that stock. SBUX down a wopping seven percent this morning, 55 00:02:47,720 --> 00:02:51,440 Speaker 3: trading at seventy eight dollars a barrel. Nathan, I want 56 00:02:51,440 --> 00:02:54,360 Speaker 3: to talk about Snapchat here if we can. Snap is 57 00:02:54,520 --> 00:02:56,679 Speaker 3: your ticker this morning. Now it's not an S and 58 00:02:56,720 --> 00:03:00,560 Speaker 3: P five hundred company, but is down a whopping fourteen percent. 59 00:03:00,560 --> 00:03:02,200 Speaker 3: And I bring this up because of course we do 60 00:03:02,200 --> 00:03:04,680 Speaker 3: have those tech earnings later today, likes of Meta and 61 00:03:04,720 --> 00:03:07,640 Speaker 3: of course Microsoft as well, advertising revenue is going to 62 00:03:07,639 --> 00:03:09,800 Speaker 3: be a key piece of this equation now was a 63 00:03:09,800 --> 00:03:13,240 Speaker 3: good thing for Alphabet last week, Snapchat not reiterating the 64 00:03:13,280 --> 00:03:16,480 Speaker 3: same message, a massive warning in terms of headwinds. A 65 00:03:16,520 --> 00:03:19,239 Speaker 3: lot of that kind of focused on the tariff headwinds 66 00:03:19,280 --> 00:03:22,600 Speaker 3: and geopolitical volatility that you're seeing. They've already issued a 67 00:03:22,600 --> 00:03:25,239 Speaker 3: warning when it comes to ad sales. And this morning 68 00:03:25,400 --> 00:03:27,440 Speaker 3: the market is not responding well. Like I said, the 69 00:03:27,480 --> 00:03:30,280 Speaker 3: market down about or the stock down about fourteen percent. 70 00:03:30,560 --> 00:03:35,120 Speaker 3: Snap is your ticker trading just shy of eight dollars 71 00:03:35,160 --> 00:03:37,880 Speaker 3: a share, and Nathan, as I said, we are headed 72 00:03:37,880 --> 00:03:41,880 Speaker 3: towards big tech earnings. Microsoft shares this morning virtually unchanged, 73 00:03:41,920 --> 00:03:43,720 Speaker 3: but kind of going back from the positive to the 74 00:03:43,760 --> 00:03:46,160 Speaker 3: negative very very quickly. So keep an eye on that one. 75 00:03:46,160 --> 00:03:48,560 Speaker 3: Three ninety four MSFT right. 76 00:03:49,160 --> 00:03:53,280 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 77 00:03:53,360 --> 00:03:56,440 Speaker 2: us throughout today for the latest roundup of companies making 78 00:03:56,520 --> 00:04:00,000 Speaker 2: news on Wall Street and for the latest market moving headline. 79 00:04:00,240 --> 00:04:04,160 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 80 00:04:04,240 --> 00:04:07,040 Speaker 2: dot com, and on Applecarplay and Android Auto with the 81 00:04:07,040 --> 00:04:08,400 Speaker 2: Bloomberg Business app.