1 00:00:02,520 --> 00:00:09,040 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 --> 00:00:17,160 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,680 --> 00:00:18,959 Speaker 3: Let's take a look at some of the stocks on 5 00:00:18,960 --> 00:00:21,439 Speaker 3: the move today. We're joined by Bloomberg'schristina Kino. She heads 6 00:00:21,480 --> 00:00:24,079 Speaker 3: up our m live coverage for US. Great analysis on 7 00:00:24,120 --> 00:00:26,880 Speaker 3: what's happening in the market on a minute to minute basis. 8 00:00:27,080 --> 00:00:28,240 Speaker 3: All right, let's take a look at some of the 9 00:00:28,280 --> 00:00:31,120 Speaker 3: stocks here. Starbucks is one of them that was a 10 00:00:31,200 --> 00:00:31,800 Speaker 3: rough quarter. 11 00:00:32,080 --> 00:00:34,880 Speaker 1: That was a rough quarter. Alex first quarter, sam Source 12 00:00:35,240 --> 00:00:38,680 Speaker 1: sales declining one percent in the quarter. EPs also short 13 00:00:38,720 --> 00:00:41,760 Speaker 1: of estimates, although we heard from CEO Brian Nichols saying 14 00:00:41,800 --> 00:00:44,559 Speaker 1: that apparently behind the scenes, they're showing a lot of 15 00:00:44,640 --> 00:00:49,520 Speaker 1: signs of progress. Apparently they're testing an algorithm to prioritize 16 00:00:49,520 --> 00:00:51,800 Speaker 1: which orders to prepare first so they can speed up 17 00:00:51,840 --> 00:00:55,400 Speaker 1: service in their cafes. They're also adding more store workers, 18 00:00:55,760 --> 00:00:58,319 Speaker 1: and they're trying to overhaul their cafes to make them 19 00:00:58,320 --> 00:01:02,160 Speaker 1: more welcoming. But clearly it's not quite working just yet. 20 00:01:02,440 --> 00:01:05,160 Speaker 2: Oh Mike Strawbucks on Route thirty five in Wall Township 21 00:01:05,160 --> 00:01:06,119 Speaker 2: does a great job. 22 00:01:06,560 --> 00:01:08,880 Speaker 1: I mean it's awesome. Kids are great in they're working 23 00:01:08,920 --> 00:01:11,040 Speaker 1: and they get it to you right away. I don't know. 24 00:01:11,280 --> 00:01:12,160 Speaker 1: I mean it's pretty good. 25 00:01:12,160 --> 00:01:14,240 Speaker 3: But I think it's also that they paired back. There 26 00:01:14,280 --> 00:01:16,279 Speaker 3: will be pairing back law their menu to make it faster. 27 00:01:16,600 --> 00:01:18,480 Speaker 3: Sometimes we've been in those ones where you've waited like 28 00:01:18,560 --> 00:01:20,280 Speaker 3: forever for an order. 29 00:01:20,080 --> 00:01:21,600 Speaker 1: And the person who comes in with an order for 30 00:01:21,640 --> 00:01:23,960 Speaker 1: like twenty seven different things, it's like, come. 31 00:01:23,800 --> 00:01:25,720 Speaker 2: On, really, they like to you know, you're feeding your 32 00:01:25,720 --> 00:01:27,040 Speaker 2: whole family. It's Starbucks. 33 00:01:27,160 --> 00:01:30,759 Speaker 3: Sometimes we are. Okay, are you also looking at super Micro? 34 00:01:30,920 --> 00:01:34,000 Speaker 3: I mean, talk about a really rough preliminary quarter and 35 00:01:34,040 --> 00:01:36,720 Speaker 3: that sets up the tech guys in a very odd spot. 36 00:01:37,000 --> 00:01:39,679 Speaker 1: Yeah, absolutely, Alex. I mean it says a lot about 37 00:01:39,720 --> 00:01:42,000 Speaker 1: where we are in the AI cycle at the moment. 38 00:01:42,080 --> 00:01:46,280 Speaker 1: Right So super Micro at the moment down just more 39 00:01:46,280 --> 00:01:48,880 Speaker 1: than sixteen percent right now. Sales were four and a 40 00:01:48,920 --> 00:01:51,400 Speaker 1: half billion to four point six billion in the fiscal 41 00:01:51,480 --> 00:01:55,400 Speaker 1: third quarter. That missed analyst estimates and the company's own forecast. 42 00:01:55,680 --> 00:01:58,480 Speaker 1: That's a four car from February. Remember, they gave an 43 00:01:58,480 --> 00:02:01,200 Speaker 1: aggressive long term revenue out look. They said sales will 44 00:02:01,240 --> 00:02:04,040 Speaker 1: be forty billion dollars in the fiscal year ending June 45 00:02:04,080 --> 00:02:07,880 Speaker 1: twenty twenty six. Quite a different picture now because AI 46 00:02:08,320 --> 00:02:11,600 Speaker 1: is not quite the headline griber as it was previously. 47 00:02:12,600 --> 00:02:15,280 Speaker 3: Well also, it just shows sort of how what the 48 00:02:15,280 --> 00:02:17,240 Speaker 3: demand cycle is going to look like, and I think 49 00:02:17,240 --> 00:02:18,800 Speaker 3: we're gonna learn a lot about that. Are we just 50 00:02:19,480 --> 00:02:23,360 Speaker 3: delaying some kind of orders? Are we rejiggering our inventory, 51 00:02:23,400 --> 00:02:25,320 Speaker 3: are we changing our cap backs? Are we just moving 52 00:02:25,320 --> 00:02:27,440 Speaker 3: into different places? And all of that I think nobody 53 00:02:27,440 --> 00:02:30,679 Speaker 3: actually knows, which makes these earnings quite interesting. All let's 54 00:02:30,680 --> 00:02:32,760 Speaker 3: go to Amazon, Amazon down. 55 00:02:33,400 --> 00:02:34,960 Speaker 1: Let's let's have a look. It was down more than 56 00:02:35,000 --> 00:02:38,480 Speaker 1: three percent earlier, down more than four percent. Now we 57 00:02:38,520 --> 00:02:41,720 Speaker 1: have news today Grinder apparently saying that it's using artificial 58 00:02:41,720 --> 00:02:45,040 Speaker 1: intelligence tools from Amazon dot Com and Anthropic to develop 59 00:02:45,400 --> 00:02:49,400 Speaker 1: features for its Wingman product rather than relying on chatbots. 60 00:02:49,440 --> 00:02:52,120 Speaker 1: But clearly that's not enough to lift the stock. Of course, 61 00:02:52,160 --> 00:02:55,359 Speaker 1: Amazon was in the news yesterday as well after a 62 00:02:55,480 --> 00:02:57,880 Speaker 1: report that it was apparently going to display the cost 63 00:02:57,880 --> 00:03:00,840 Speaker 1: of tariffs on products that caught the White Houses attention. 64 00:03:00,960 --> 00:03:04,280 Speaker 1: In President Donald Trump called Jeff Bezos to complain after 65 00:03:04,320 --> 00:03:07,440 Speaker 1: we got the report, and later on Trump said that 66 00:03:07,600 --> 00:03:10,760 Speaker 1: Bezos quote solved the problem very quickly, and he did 67 00:03:10,760 --> 00:03:11,320 Speaker 1: the right thing of. 68 00:03:11,400 --> 00:03:17,000 Speaker 2: Early The Stock Movers podcast from Bloomberg Radio. 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