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Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.

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Speaker 2: This is the closing bell on this stock movers report.

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Speaker 2: The company's making moves at the close of US trading

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Speaker 2: with Carol Masser, Tim Stenovak, Romaine Bostik, and Scarlet flu.

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Speaker 3: All right, so let's get to the S and P

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Speaker 3: five hundred folks, now that we are at the close.

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Speaker 3: In terms of the market averages, Christine, we're looking at

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Speaker 3: more names actually hired today. Wasn't that way earlier in

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Speaker 3: the session? Three hundred and eighty nine names in the

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Speaker 3: S and P five hundred gaining ground on this Friday

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Speaker 3: on hundred and twelve to the downside to unchanged.

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Speaker 1: Well, Carol, I'm looking at the sectors again that have

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Speaker 1: led us and liked us in this equity session. I

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Speaker 1: mentioned earlier in for tech of course a biggest loser today,

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Speaker 1: but you know, the biggest winners energy sector, and look

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Speaker 1: at that, so that is up currently being led by

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Speaker 1: eggs on world seeing of course oil prices up today,

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Speaker 1: so you know, that's kind of helping a cushion some

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Speaker 1: of those declines in the SB furn that we're seeing

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Speaker 1: earlier and again, as Carl mentioned, you know we've paired

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Speaker 1: some of those losses already because of potential hope that

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Speaker 1: we might see the beginning of the end of the shutdown.

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Speaker 1: If we do, in fact see our lawmakers grabbing some

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Speaker 1: martinis somewhere in DC this weekend, one can hope.

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Speaker 3: What are the odds something like that?

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Speaker 1: Right?

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Speaker 3: All right, so we can keep our fingers crossed. Hey,

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Speaker 3: so a lot of green. So let's get to some

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Speaker 3: of the individual gainers. Got to mention Expedia, it's your

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Speaker 3: number one gainer in the S and P five hundred.

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Speaker 3: The stock finishing with a rise of about seventeen and

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Speaker 3: a half percent. It is now up about forty percent

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Speaker 3: year to date. The company raising its full year gross

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Speaker 3: bookings and revenue outlook. Its signaled that strong travel trends

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Speaker 3: are continuing into the holiday quarter, so revenue this year

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Speaker 3: now expected to increase six point five percent at the midpoint,

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Speaker 3: gross bookings are expected to grow seven percent. That's both

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Speaker 3: ahead of estimates and Expedia's previous guidance. I should point

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Speaker 3: out the outlook not into account the US government shut down,

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Speaker 3: and the company has yet to see an impact. Just

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Speaker 3: over a month and according to the company's CEO. All right,

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Speaker 3: over to Monster beverage. We go this one number two

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Speaker 3: gainer in the Nasdaq one hundred to gain a five

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Speaker 3: point two percent here after the Energy Drinks Companies third

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Speaker 3: quarter results topped expectations. Analysts pretty positive about the company's

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Speaker 3: gross margins and sales following the recent price hikes. And

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Speaker 3: this one too is up about thirty two percent here

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Speaker 3: in twenty twenty five. And one more for you. We're

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Speaker 3: talking about top golf callaway. That one up about fourteen

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Speaker 3: point three docent. Yeah right, I guess people are golfing.

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Speaker 4: Yeah, I guess.

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Speaker 5: Remember we thought it got it, It got revived during

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Speaker 5: the pandemic, and it has been building on that.

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Speaker 3: Since exactly so again a good number here. The company

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Speaker 3: came out boosted its net revenue guidance for the full

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Speaker 3: year as football fans took some extra time out for golf.

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Speaker 3: Glad to hear that's happening. The company expects annual revenue

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Speaker 3: of three point nine to two billion at the midpoint.

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Speaker 3: That's up from the previous expected three point eighty six billion.

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Speaker 3: This was also above Wall Street's estimate of three point

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Speaker 3: eight nine billion. Stock up more than thirty percent year

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Speaker 3: to date, about ten percent of the float is short,

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Speaker 3: but I'm going to say that's kind of how I

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Speaker 3: grew up. My family went from golfing to football golfing.

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Speaker 5: It's got to get on from the couch every once

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Speaker 5: in a while. Yeah, exactly what.

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Speaker 3: We did, go out and play a lot of golf.

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Speaker 3: I should say that today at least to get off

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Speaker 3: the couch on that one.

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Speaker 4: Hey, you got the gainers, I got the decliners today.

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Speaker 4: I want to start with the shares of the meat

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Speaker 4: processing company JBS falling three point six four percent. Shares

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Speaker 4: just dove late in the trading session at about three

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Speaker 4: point thirty eight PM. This after the President said in

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Speaker 4: a social media post that he's told the Justice Department

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Speaker 4: to probe meat packing companies. Here's what the President said,

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Speaker 4: in part, quote, I've asked the DOJ to immediately begin

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Speaker 4: an investigation into the meat packing companies who are driving

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Speaker 4: up the price of beef through illicit collusion, price fixing,

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Speaker 4: and price manipulation. We will always protect our American ranchers,

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Speaker 4: and they're being blamed for what is being done by

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Speaker 4: majority foreign owned meat packers. End quote. In part he

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Speaker 4: goes on to say more, we should note there are

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Speaker 4: a host of reasons why beef prices in the United

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Speaker 4: States have gone up. We've typically imported quite a bit

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Speaker 4: from Brazil, but then tariffs on Brazil helped put an

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Speaker 4: end to that. We were hoping well. The US was

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Speaker 4: hoping to import from Argentina as well, but that's politically

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Speaker 4: difficult when it affects the price of beef for American ranchers,

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Speaker 4: many of whom did support the president in his last election.

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Speaker 4: Once again, shares a JBS down three point six percent.

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Speaker 4: We'll continue following this story. Also among the worst performers

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Speaker 4: in the S and P five hundred and any percentage basis.

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Speaker 4: Shares of the company formerly known as Square now called

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Speaker 4: blockdown seven point seven percent. The company did raise its

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Speaker 4: full year profit forecast and posted strong growth in consumer banking,

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Speaker 4: though it's third quarter revenues fell short of Wall Street's estimates.

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Speaker 4: The company added three hundred thousand new primary banking users

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Speaker 4: in the quarter, and the number of monthly active users

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Speaker 4: in the cash app ticked up slightly to fifty eight million. Also, finally,

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Speaker 4: Sweet Green shares hitting a record low today, down seven

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Speaker 4: point five percent. The restaurant chain cut its revenue guidance

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Speaker 4: for the full year, missed the average analyst estimate. Red Brown,

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Speaker 4: a consumer reporter for Bloomberg News, says, a great piece

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Speaker 4: out on the terminal today. I encourage everybody to go

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Speaker 4: read it. It's about how the pricing menu add ons

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Speaker 4: that were added over the last few months have misfired.

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Speaker 4: The Ripple fries that were made with hand cut potatoes

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Speaker 4: and air fried and avocado oil were removed from the

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Speaker 4: menu just after five months due to being too complicated

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Speaker 4: to make, and they were not.

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Speaker 3: Ripple a really bad mummers. Huh is it ripple a

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Speaker 3: really bad drink?

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Speaker 4: I don't know the drink I think so.

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Speaker 5: Sweekeren and fries just are strange myths overall, you know,

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Speaker 5: all right, quick glance at yields, you could see little

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Speaker 5: change right now. They were up, they were down, they're

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Speaker 5: up again, and now they're kind of I mean, they're

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Speaker 5: just all over the place. But we do have a big,

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Speaker 5: big week in terms of issuance next week, one hundred

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Speaker 5: and fifty billion dollars of threes, tens, and thirties, which

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Speaker 5: will be shortened next week because of Veterans Day. So

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Speaker 5: there's a lot of supply to absorb next week. Just

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Speaker 5: something to keep in mind here because there's no official

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Speaker 5: data that we're dealing with right now. We also have

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Speaker 5: headlines coming out with Israel's outlook revised to stable from

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Speaker 5: negative by SMP. And so if you look at the

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Speaker 5: Israeli shekel, the dollar sinking to its session lows versus

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Speaker 5: that currency. So the shekel is at its session highs

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Speaker 5: in terms of strength, the dollars at session lows versus

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Speaker 5: the shekel. So we'll continue to keep an eye on that.

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Speaker 3: Carol, Oh, thank you so much.

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Speaker 1: Carla.

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Speaker 3: Hey, let's get to some stories that definitely have caught

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Speaker 3: our attention. So as we are in the longest government

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Speaker 3: shutdown thirty eight days in counting, we'll see whether or not,

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Speaker 3: like we did see some movement today, but we'll see

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Speaker 3: whether or not it comes to an end sooner rather

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Speaker 3: than later.

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Speaker 5: We are looking at.

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Speaker 3: Different statistics to figure out what's going on in the economy.

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Speaker 3: And here's an interesting story. A slump in cardboard box sales,

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Speaker 3: stoking fears of weak holiday retail shopping season. US corrugated

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Speaker 3: box shipments fell to the lowest third quarter reading since

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Speaker 3: twenty fifteen. This according to data from the Fiber Box Association. Yes,

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Speaker 3: there is one Factioning companies have warned that economic uncertainty

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Speaker 3: is weighing on retailers and consumers, with box plants reporting

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Speaker 3: tim flat or below normal orders in the month of October.

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Speaker 4: Yeah events of corugated cardboard can serve as a demand

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Speaker 4: indicator for food and consumer goods this time of year,

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Speaker 4: though critical for the box industry because shipment's typically peaking

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Speaker 4: October as retailers prepare for the holidays. So it gives

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Speaker 4: us a good idea of or potentially could give us

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Speaker 4: a good idea of, what demand could look like in

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Speaker 4: the holiday season.

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Speaker 2: This Stockmovers report from Bloomberg Radio. Check back with us

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Speaker 2: throughout the day for the latest roundup of companies making

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Speaker 2: news on Wall Street and for the latest market moving headlines.

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