WEBVTT - Kraft Heinz Falls, Lyft Sinks, Ford Rises on Profit Forecast

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news. The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg data.

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<v Speaker 2>Take look at on the Stocks on the Move Today,

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<v Speaker 2>were joined by Bloomberg's touch On Nadaria touch on what

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<v Speaker 2>are you looking at today? Looking at Kraft, heines, those

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<v Speaker 2>shares down about one point five percent, pairing a steeper

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<v Speaker 2>drop from earlier after surprising plans to hold the split

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<v Speaker 2>in two. That's a reversal from weeks after bringing in

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<v Speaker 2>a CEO with experience to break up a food company.

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<v Speaker 2>So Steve Kahelen took over on January first, said he

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<v Speaker 2>made the decision to temporarily hold the breakup of the

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<v Speaker 2>company to concentrate on bolstering profitability. Remember, the plan was

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<v Speaker 2>to separate the company's fastest growing brands from the slower

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<v Speaker 2>growing brands, and that breakup was essentially intended to undo Raft.

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<v Speaker 2>Heins forty six billion dollar mega merger from a decade ago.

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<v Speaker 2>Warren Buffett really championed that one, but has since also

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<v Speaker 2>expressed disappointed because since then shares have fallen by about

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<v Speaker 2>two thirds. So just last month, Berkshire Hathaway said they're

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<v Speaker 2>seeking to sell their twenty eight percent stake in the

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<v Speaker 2>package for food company, and shares here have not been

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<v Speaker 2>doing really well, so two investors. There's real confusion about

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<v Speaker 2>this reversal right now, but maybe the reversal also helps

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<v Speaker 2>keep Berkshire Hathway around. Who knows what's the second stock

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<v Speaker 2>you're watching are looking at? A Lift also shares a

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<v Speaker 2>down of fifteen percent after a disappointed forecast that missed

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<v Speaker 2>Wall Streed expectations and fourth quarter revenue coming in below estimates.

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<v Speaker 2>The market is taking this basically as a sign that

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<v Speaker 2>the company's global expansion and new product offerings are just

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<v Speaker 2>not performing quickly as anticipated, and to a lot of

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<v Speaker 2>the analysts, waymos aggressive expansion continues to be the cause

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<v Speaker 2>of that. We've also seen some of those cracks and

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<v Speaker 2>Uber earnings, and analysts here are saying that this partnership

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<v Speaker 2>with robo taxes will take years to grow and become

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<v Speaker 2>profitable for the ride sharing companies like Uber and Lyft,

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<v Speaker 2>and even forecast from Bloomberg here saying that robo taxes

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<v Speaker 2>will double this year. So real competition there for Lift

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<v Speaker 2>and Uber, and really this talk here is back to

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<v Speaker 2>where it was a year ago. Basically flat. I'mdoing some

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<v Speaker 2>of those earlier.

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<v Speaker 1>Yesterday I took a ride share for variety of New

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<v Speaker 1>Jersey transit issues.

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<v Speaker 2>So I get I go to uber boom thirty two dollars,

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<v Speaker 2>I say, I go to lift twenty five dollars, see boom,

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<v Speaker 2>take the lift down. And if you have a credit card,

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<v Speaker 2>like the Chase of Fire cards, sometimes you can get

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<v Speaker 2>credits with that.

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<v Speaker 1>So don't I don't get that whole model there, but

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<v Speaker 1>wait twenty five dollars to go from Manhattan to Long Branch.

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<v Speaker 2>Oh, so a variety of New Jersey.

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<v Speaker 1>Yeah, so we're just New Jersey and I were just

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<v Speaker 1>working it out here of the lany it's complicated, hery

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<v Speaker 1>one more.

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<v Speaker 2>All right, So at the end it's Ford chairs are pairing.

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<v Speaker 2>Those gains actually about flat right now. They earlier reported

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<v Speaker 2>an unexpected profit jump for twenty twenty six, even after

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<v Speaker 2>being hit by a surprise nine hundred million dollar tariff

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<v Speaker 2>bill because the Trump administration said the company can only

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<v Speaker 2>apply a measure to trim tariffs paid on imported autoparts

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<v Speaker 2>dating back to November rather than May. It looks like

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<v Speaker 2>the market is sort of reassessing this report right now

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<v Speaker 2>adjusted a bit us and climbing by about ten billion

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<v Speaker 2>in twenty twenty six. That is supposed to reverse the

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<v Speaker 2>decline from last year. But really what stands out in

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<v Speaker 2>the support is the focus on cost that the company

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<v Speaker 2>is seen as finally getting a handle on those costs.

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<v Speaker 2>A lot of those issues stand from the fire at

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<v Speaker 2>their aluminum plan, so now they're going to face those

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<v Speaker 2>higher costs, and earlier annally said that this you know,

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<v Speaker 2>this report is overall good. We'll add to momentum to

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<v Speaker 2>a stock that's been gaining forty nine percent, so it

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<v Speaker 2>has a lot of tailwinds there coming from the rollback

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<v Speaker 2>in emissions coming back perhaps in a consumer demand later

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<v Speaker 2>this year. At the same time, costs really wank on

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<v Speaker 2>this company right now.

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<v Speaker 1>The Stock Movers report from Bloomberg Radio. Check back with

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