Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg data.
Speaker 2: Take look at on the Stocks on the Move Today,
Speaker 2: were joined by Bloomberg's touch On Nadaria touch on what
Speaker 2: are you looking at today? Looking at Kraft, heines, those
Speaker 2: shares down about one point five percent, pairing a steeper
Speaker 2: drop from earlier after surprising plans to hold the split
Speaker 2: in two. That's a reversal from weeks after bringing in
Speaker 2: a CEO with experience to break up a food company.
Speaker 2: So Steve Kahelen took over on January first, said he
Speaker 2: made the decision to temporarily hold the breakup of the
Speaker 2: company to concentrate on bolstering profitability. Remember, the plan was
Speaker 2: to separate the company's fastest growing brands from the slower
Speaker 2: growing brands, and that breakup was essentially intended to undo Raft.
Speaker 2: Heins forty six billion dollar mega merger from a decade ago.
Speaker 2: Warren Buffett really championed that one, but has since also
Speaker 2: expressed disappointed because since then shares have fallen by about
Speaker 2: two thirds. So just last month, Berkshire Hathaway said they're
Speaker 2: seeking to sell their twenty eight percent stake in the
Speaker 2: package for food company, and shares here have not been
Speaker 2: doing really well, so two investors. There's real confusion about
Speaker 2: this reversal right now, but maybe the reversal also helps
Speaker 2: keep Berkshire Hathway around. Who knows what's the second stock
Speaker 2: you're watching are looking at? A Lift also shares a
Speaker 2: down of fifteen percent after a disappointed forecast that missed
Speaker 2: Wall Streed expectations and fourth quarter revenue coming in below estimates.
Speaker 2: The market is taking this basically as a sign that
Speaker 2: the company's global expansion and new product offerings are just
Speaker 2: not performing quickly as anticipated, and to a lot of
Speaker 2: the analysts, waymos aggressive expansion continues to be the cause
Speaker 2: of that. We've also seen some of those cracks and
Speaker 2: Uber earnings, and analysts here are saying that this partnership
Speaker 2: with robo taxes will take years to grow and become
Speaker 2: profitable for the ride sharing companies like Uber and Lyft,
Speaker 2: and even forecast from Bloomberg here saying that robo taxes
Speaker 2: will double this year. So real competition there for Lift
Speaker 2: and Uber, and really this talk here is back to
Speaker 2: where it was a year ago. Basically flat. I'mdoing some
Speaker 2: of those earlier.
Speaker 1: Yesterday I took a ride share for variety of New
Speaker 1: Jersey transit issues.
Speaker 2: So I get I go to uber boom thirty two dollars,
Speaker 2: I say, I go to lift twenty five dollars, see boom,
Speaker 2: take the lift down. And if you have a credit card,
Speaker 2: like the Chase of Fire cards, sometimes you can get
Speaker 2: credits with that.
Speaker 1: So don't I don't get that whole model there, but
Speaker 1: wait twenty five dollars to go from Manhattan to Long Branch.
Speaker 2: Oh, so a variety of New Jersey.
Speaker 1: Yeah, so we're just New Jersey and I were just
Speaker 1: working it out here of the lany it's complicated, hery
Speaker 1: one more.
Speaker 2: All right, So at the end it's Ford chairs are pairing.
Speaker 2: Those gains actually about flat right now. They earlier reported
Speaker 2: an unexpected profit jump for twenty twenty six, even after
Speaker 2: being hit by a surprise nine hundred million dollar tariff
Speaker 2: bill because the Trump administration said the company can only
Speaker 2: apply a measure to trim tariffs paid on imported autoparts
Speaker 2: dating back to November rather than May. It looks like
Speaker 2: the market is sort of reassessing this report right now
Speaker 2: adjusted a bit us and climbing by about ten billion
Speaker 2: in twenty twenty six. That is supposed to reverse the
Speaker 2: decline from last year. But really what stands out in
Speaker 2: the support is the focus on cost that the company
Speaker 2: is seen as finally getting a handle on those costs.
Speaker 2: A lot of those issues stand from the fire at
Speaker 2: their aluminum plan, so now they're going to face those
Speaker 2: higher costs, and earlier annally said that this you know,
Speaker 2: this report is overall good. We'll add to momentum to
Speaker 2: a stock that's been gaining forty nine percent, so it
Speaker 2: has a lot of tailwinds there coming from the rollback
Speaker 2: in emissions coming back perhaps in a consumer demand later
Speaker 2: this year. At the same time, costs really wank on
Speaker 2: this company right now.
Speaker 1: The Stock Movers report from Bloomberg Radio. Check back with
Speaker 1: us throughout the day for the latest roundup of companies
Speaker 1: making news on Wall Street and for the latest market
Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with
Speaker 1: the Bloomberg Business app.