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Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers podcast,

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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: With our stock Mowers, our new successful podcasts John Tucker

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Speaker 2: and Let's Jared at the Top. Apple receiving at least

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Speaker 2: two downgrades this morning. This follows the quarterly results that

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Speaker 2: reinforced concerns over tariffs as well as the growth potential

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Speaker 2: for the company. Jeffery is cutting the stock to underperform,

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Speaker 2: becoming one of the rare bears on the iPhone maker. Separately,

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Speaker 2: you also have Rosenblat Securities downgrading the stock to neutral

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Speaker 2: from buy. Chevron going to reduce the share buybacks this

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Speaker 2: quarter after oil prices they tumbled. This indicates that President

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Speaker 2: Trump's trade war hurting a key US industry that he

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Speaker 2: actually pledged to help. Chevron is going to repurchase about

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Speaker 2: two and three quarter billion dollars of stock in the

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Speaker 2: second quarter. That's thirty percent less than it bought in

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Speaker 2: the first three months of the year. This comes despite

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Speaker 2: Chevon beating earny estimates on more low cost production and

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Speaker 2: Axon Mobile also reporting earnings. Is sticking to its plan

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Speaker 2: to buy back about five billion dollars in shares per quarter.

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Speaker 2: And then you have Shell said it has the financial

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Speaker 2: wherewithal to keep repurchasing upwards of three billion dollars of

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Speaker 2: shares each quarter, even if crude oil plunges as low

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Speaker 2: as fifty dollars a barrel. And then you have a

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Speaker 2: five zero. You said five zero is the number there

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Speaker 2: to Gallon. I guess at the WAHA last check it

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Speaker 2: was under three. So you could go like like a

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Speaker 2: two twenty thirty. It's it's possible. Well, you're verging out

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Speaker 2: the ummer now, I mean as hommer Is at antiques,

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Speaker 2: so you know it only bring it.

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Speaker 1: To eighty seven down at the BP station rou thirty

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Speaker 1: five in a wall.

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Speaker 2: I'm not too far behind at the water pricing war

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Speaker 2: these guys.

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Speaker 1: There's like three stations there. In there it's a veil

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Speaker 1: you add for stock moovers your podcast there.

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Speaker 2: And then let's wrap up. Let's wrap up with Take

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Speaker 2: two Interactive. It says it's hits video game Grand Theft

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Speaker 2: Auto six. It was expected to launch in the fall,

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Speaker 2: now plan for release in May of twenty twenty six.

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Speaker 2: On this title, they've already missed multiple deadlines likely it

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Speaker 2: has been the biggest release, would have been the biggest

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Speaker 2: release this year, and now again it won't hit the

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Speaker 2: market till May twenty six, twenty twenty six, take to

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Speaker 2: announcing in a statement.

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Speaker 1: The Stock Movers podcast from Bloomberg Radio. Check back with

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Speaker 1: us throughout the day for the latest roundup of companies

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Speaker 1: making news on Wall Street and for the latest market

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Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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Speaker 1: the Bloomberg Business app.