1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg data. 4 00:00:16,640 --> 00:00:18,439 Speaker 2: Take look at on the Stocks on the Move Today, 5 00:00:18,480 --> 00:00:20,840 Speaker 2: were joined by Bloomberg's touch On Nadaria touch on what 6 00:00:20,880 --> 00:00:23,840 Speaker 2: are you looking at today? Looking at Kraft, heines, those 7 00:00:23,880 --> 00:00:27,280 Speaker 2: shares down about one point five percent, pairing a steeper 8 00:00:27,320 --> 00:00:31,840 Speaker 2: drop from earlier after surprising plans to hold the split 9 00:00:32,040 --> 00:00:35,599 Speaker 2: in two. That's a reversal from weeks after bringing in 10 00:00:35,640 --> 00:00:39,400 Speaker 2: a CEO with experience to break up a food company. 11 00:00:39,479 --> 00:00:43,640 Speaker 2: So Steve Kahelen took over on January first, said he 12 00:00:43,720 --> 00:00:46,600 Speaker 2: made the decision to temporarily hold the breakup of the 13 00:00:46,640 --> 00:00:50,960 Speaker 2: company to concentrate on bolstering profitability. Remember, the plan was 14 00:00:51,000 --> 00:00:54,600 Speaker 2: to separate the company's fastest growing brands from the slower 15 00:00:54,760 --> 00:01:00,240 Speaker 2: growing brands, and that breakup was essentially intended to undo Raft. 16 00:01:00,280 --> 00:01:04,400 Speaker 2: Heins forty six billion dollar mega merger from a decade ago. 17 00:01:04,560 --> 00:01:08,039 Speaker 2: Warren Buffett really championed that one, but has since also 18 00:01:08,240 --> 00:01:12,039 Speaker 2: expressed disappointed because since then shares have fallen by about 19 00:01:12,080 --> 00:01:16,600 Speaker 2: two thirds. So just last month, Berkshire Hathaway said they're 20 00:01:16,600 --> 00:01:19,600 Speaker 2: seeking to sell their twenty eight percent stake in the 21 00:01:19,640 --> 00:01:23,360 Speaker 2: package for food company, and shares here have not been 22 00:01:23,400 --> 00:01:27,959 Speaker 2: doing really well, so two investors. There's real confusion about 23 00:01:27,959 --> 00:01:31,000 Speaker 2: this reversal right now, but maybe the reversal also helps 24 00:01:31,080 --> 00:01:34,560 Speaker 2: keep Berkshire Hathway around. Who knows what's the second stock 25 00:01:34,600 --> 00:01:37,920 Speaker 2: you're watching are looking at? A Lift also shares a 26 00:01:38,000 --> 00:01:41,240 Speaker 2: down of fifteen percent after a disappointed forecast that missed 27 00:01:41,280 --> 00:01:46,399 Speaker 2: Wall Streed expectations and fourth quarter revenue coming in below estimates. 28 00:01:46,520 --> 00:01:49,120 Speaker 2: The market is taking this basically as a sign that 29 00:01:49,160 --> 00:01:52,600 Speaker 2: the company's global expansion and new product offerings are just 30 00:01:52,680 --> 00:01:57,520 Speaker 2: not performing quickly as anticipated, and to a lot of 31 00:01:57,560 --> 00:02:01,920 Speaker 2: the analysts, waymos aggressive expansion continues to be the cause 32 00:02:01,920 --> 00:02:04,320 Speaker 2: of that. We've also seen some of those cracks and 33 00:02:04,440 --> 00:02:08,079 Speaker 2: Uber earnings, and analysts here are saying that this partnership 34 00:02:08,200 --> 00:02:11,400 Speaker 2: with robo taxes will take years to grow and become 35 00:02:11,480 --> 00:02:15,919 Speaker 2: profitable for the ride sharing companies like Uber and Lyft, 36 00:02:15,960 --> 00:02:19,560 Speaker 2: and even forecast from Bloomberg here saying that robo taxes 37 00:02:19,600 --> 00:02:22,959 Speaker 2: will double this year. So real competition there for Lift 38 00:02:23,160 --> 00:02:26,640 Speaker 2: and Uber, and really this talk here is back to 39 00:02:26,760 --> 00:02:29,640 Speaker 2: where it was a year ago. Basically flat. I'mdoing some 40 00:02:29,680 --> 00:02:30,400 Speaker 2: of those earlier. 41 00:02:30,440 --> 00:02:32,720 Speaker 1: Yesterday I took a ride share for variety of New 42 00:02:32,800 --> 00:02:33,920 Speaker 1: Jersey transit issues. 43 00:02:36,040 --> 00:02:38,639 Speaker 2: So I get I go to uber boom thirty two dollars, 44 00:02:38,720 --> 00:02:41,880 Speaker 2: I say, I go to lift twenty five dollars, see boom, 45 00:02:42,200 --> 00:02:45,360 Speaker 2: take the lift down. And if you have a credit card, 46 00:02:45,520 --> 00:02:47,839 Speaker 2: like the Chase of Fire cards, sometimes you can get 47 00:02:48,080 --> 00:02:48,760 Speaker 2: credits with that. 48 00:02:49,080 --> 00:02:51,040 Speaker 1: So don't I don't get that whole model there, but 49 00:02:51,160 --> 00:02:54,320 Speaker 1: wait twenty five dollars to go from Manhattan to Long Branch. 50 00:02:55,280 --> 00:02:57,480 Speaker 2: Oh, so a variety of New Jersey. 51 00:02:57,800 --> 00:02:59,760 Speaker 1: Yeah, so we're just New Jersey and I were just 52 00:02:59,760 --> 00:03:02,400 Speaker 1: working it out here of the lany it's complicated, hery 53 00:03:02,400 --> 00:03:03,079 Speaker 1: one more. 54 00:03:03,560 --> 00:03:07,080 Speaker 2: All right, So at the end it's Ford chairs are pairing. 55 00:03:07,120 --> 00:03:11,080 Speaker 2: Those gains actually about flat right now. They earlier reported 56 00:03:11,120 --> 00:03:15,960 Speaker 2: an unexpected profit jump for twenty twenty six, even after 57 00:03:16,000 --> 00:03:19,079 Speaker 2: being hit by a surprise nine hundred million dollar tariff 58 00:03:19,120 --> 00:03:21,840 Speaker 2: bill because the Trump administration said the company can only 59 00:03:21,880 --> 00:03:25,919 Speaker 2: apply a measure to trim tariffs paid on imported autoparts 60 00:03:26,000 --> 00:03:29,480 Speaker 2: dating back to November rather than May. It looks like 61 00:03:29,520 --> 00:03:33,280 Speaker 2: the market is sort of reassessing this report right now 62 00:03:33,680 --> 00:03:36,440 Speaker 2: adjusted a bit us and climbing by about ten billion 63 00:03:36,480 --> 00:03:39,000 Speaker 2: in twenty twenty six. That is supposed to reverse the 64 00:03:39,040 --> 00:03:41,680 Speaker 2: decline from last year. But really what stands out in 65 00:03:41,760 --> 00:03:45,520 Speaker 2: the support is the focus on cost that the company 66 00:03:45,680 --> 00:03:49,080 Speaker 2: is seen as finally getting a handle on those costs. 67 00:03:49,600 --> 00:03:51,760 Speaker 2: A lot of those issues stand from the fire at 68 00:03:51,800 --> 00:03:54,480 Speaker 2: their aluminum plan, so now they're going to face those 69 00:03:54,520 --> 00:03:59,240 Speaker 2: higher costs, and earlier annally said that this you know, 70 00:03:59,280 --> 00:04:02,320 Speaker 2: this report is overall good. We'll add to momentum to 71 00:04:02,360 --> 00:04:04,960 Speaker 2: a stock that's been gaining forty nine percent, so it 72 00:04:05,000 --> 00:04:07,840 Speaker 2: has a lot of tailwinds there coming from the rollback 73 00:04:07,880 --> 00:04:11,840 Speaker 2: in emissions coming back perhaps in a consumer demand later 74 00:04:11,920 --> 00:04:14,640 Speaker 2: this year. At the same time, costs really wank on 75 00:04:14,720 --> 00:04:15,760 Speaker 2: this company right now. 76 00:04:16,600 --> 00:04:20,599 Speaker 1: The Stock Movers report from Bloomberg Radio. Check back with 77 00:04:20,720 --> 00:04:23,280 Speaker 1: us throughout the day for the latest roundup of companies 78 00:04:23,360 --> 00:04:26,440 Speaker 1: making news on Wall Street and for the latest market 79 00:04:26,480 --> 00:04:30,960 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 80 00:04:31,040 --> 00:04:34,520 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 81 00:04:34,600 --> 00:04:36,080 Speaker 1: the Bloomberg Business app.