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Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers Report,

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Speaker 1: your roundup of companies making moves in the stock market,

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Speaker 1: harnessing the power of Bloomberg Data.

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Speaker 2: Let's take a look at some stocks on the move today.

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Speaker 2: I'm Tim Keen with Paul Sweeney and Bloomberg's Lisa Matteo.

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Speaker 2: Spicy Lamb and Avocado seven undred ninety five calories, Spicy lamb, meatballs, avocado,

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Speaker 2: crazy feta, red pepper, hummus, pickled onions, lenos, lemonards. It's

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Speaker 2: nirvana for Lisa Matteo. It's time for stock overs.

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Speaker 3: You're talking my language.

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Speaker 4: Okay, this is all about fast food Mediterranean tchained Cova group.

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Speaker 3: It's tick r c a VA.

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Speaker 4: I love it, but apparently not if people are enjoying

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Speaker 4: its meals, and that's what the company's saying. They're saying

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Speaker 4: diners are spending less, so they're not going in as often.

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Speaker 4: If you remember A Sweet Green and Chipotle kind.

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Speaker 3: Of said the same thing.

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Speaker 4: Yeah, they trim their annual sales outlook Sharp slowed down

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Speaker 4: the second quarter. The problem is that it had such

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Speaker 4: a good year ago result that that's.

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Speaker 2: What their compared is difficult.

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Speaker 4: The compare is difficult because last in twenty twenty four,

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Speaker 4: they introduced steak and that was like a big thing

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Speaker 4: for the company. You know, everybody went in and they

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Speaker 4: wanted to get the steak and it moved up their

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Speaker 4: check made it a little bit more expensive.

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Speaker 3: And so that's what they're.

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Speaker 4: Dealing with that year ago result too. So they're trying

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Speaker 4: to speed up service to their technology. Like I call it, yes,

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Speaker 4: the meditary Chipotle. You just go in, everything is laid out,

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Speaker 4: you fresh, and you see like what you want.

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Speaker 2: All right, A grains bowl rains, yes, but somebody rice

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Speaker 2: brown vest mighty, it's just so loc you.

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Speaker 3: Have to try. It's not going to.

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Speaker 2: Steakhouse, No.

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Speaker 4: But it's Chili's owner Brinker into that show. Okay, so

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Speaker 4: this is more a yes. Okay, this is ticker e A.

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Speaker 4: They're down as much as eleven percent fourth quarter earnings beat. Okay,

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Speaker 4: it's a Dallas based company. This has really been a

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Speaker 4: comeback year for Chili. So it's a big draw for Chili's.

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Speaker 4: Uh they're muzzarella sticks And I was trying to figure

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Speaker 4: out why muzzarella sticks are so big, But apparently what

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Speaker 4: the thing is is that people are filming their muzzarella poles,

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Speaker 4: Like when you eat a mozzarella stick and the muzzarella

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Speaker 4: cheese just pull. It's a viral thing and that is

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Speaker 4: what boosted chilies make him like so popular. I know,

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Speaker 4: I know.

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Speaker 2: Can we go from the salad to the big QP burger? Okay,

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Speaker 2: it's a big mouth burger stacked with the favorites. It's

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Speaker 2: a juicy burger patty. It's big, bold and unapologetically craveable ice.

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Speaker 1: That's a different approach to goava.

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Speaker 3: Oh my gosh, but that's why.

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Speaker 4: Hey, their shares are up as much as eleven percent,

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Speaker 4: so that would bring her into nationalist. Okay, data center

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Speaker 4: leasing company core Weave it's ticker c RWV.

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Speaker 3: Their shares have been uh down as much as nine percent.

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Speaker 4: It's actually one of the win biggest winners in the

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Speaker 4: stock market this year from that AI movement.

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Speaker 3: They're based in Livingston, New Jersey.

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Speaker 4: It's a close partner of n Nvidia right it counts

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Speaker 4: open Ai Microsoft among its customers.

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Speaker 3: So why are their shares lower?

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Speaker 4: It's a disappointing earnings outlook, I mean, margin pressures from

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Speaker 4: a big AI data center expansion. You remember they made

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Speaker 4: this pledge last month They invested as much as six

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Speaker 4: billion dollars to set up a data center in Lancaster, Pennsylvania.

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Speaker 3: Their costs are surging.

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Speaker 4: I mean they posted more than twenty fold jump in

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Speaker 4: losses to one hundred and thirty one million for the

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Speaker 4: June quarter. So the CEO, he said, you know what,

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Speaker 4: we're scaling rapidly. We're looking to meet the demand for AI.

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Speaker 4: But what's interesting is what on onrog Rana said. He said,

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Speaker 4: the New Order growth is going to remain strong, but

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Speaker 4: capital spending could rise and that's going to put a

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Speaker 4: dent in their cash flow.

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Speaker 3: So that's what they're worried about.

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Speaker 2: It's like five six hundred people. It's publicly treated company.

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Speaker 1: They went public at forty dollars a share back in

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Speaker 1: March forty one eighty.

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Speaker 4: Yeah, exactly, So not bad.

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Speaker 2: And what do they do down today? Yeah, we've hardly

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Speaker 2: talked about perplexity. I mean this Google Chrome thing, I know,

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Speaker 2: we've got to get man deep bat somebody expert.

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Speaker 3: Yeah, do you I'll go to this one. Okay, because

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Speaker 3: something that's not food based.

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Speaker 4: It's not food based. It's a company called Webtune. And

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Speaker 4: you're gonna say, what are you talking about Lisa Okay,

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Speaker 4: it's ticker WBTN. It's a company that lets users make

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Speaker 4: and discover digital comics.

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Speaker 3: And here's the big news for them.

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Speaker 4: They announce a deal with Walt Disney and they're going

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Speaker 4: to bring about one hundred series to its English language app.

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Speaker 3: So it shares. I've been searching. They're up as much

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Speaker 3: as thirty percent before.

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Speaker 4: The bell, So this is web tune just in case

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Speaker 4: I didn't know.

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Speaker 1: There you go, this stock movers report from Bloomberg Radio.

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Speaker 1: Check back with us throughout the day for the latest

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Speaker 1: roundup of companies making news on Wall Street and for

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Speaker 1: the latest market moving headlines. Listen to Bloomberg Radio Live,

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Speaker 1: catch us on YouTube, Bloomberg dot com, and on Applecarplay

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Speaker 1: and Android Auto with the Bloomberg Business app. Mm hmm