1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,640 --> 00:00:13,040 Speaker 2: The Stock Movers podcast, your roundup of companies making moves 3 00:00:13,080 --> 00:00:16,480 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:18,160 --> 00:00:19,119 Speaker 3: I want to take a look at some of the 5 00:00:19,120 --> 00:00:21,880 Speaker 3: stocks on the move today, and we are joined for 6 00:00:21,960 --> 00:00:25,160 Speaker 3: that by one of our favorite reporters from the Cross 7 00:00:25,239 --> 00:00:28,319 Speaker 3: Asset Desk on the BN side, vil Donna Hirich joins 8 00:00:28,400 --> 00:00:31,080 Speaker 3: us pil Donna, what are the big movers you're watching 9 00:00:31,080 --> 00:00:32,600 Speaker 3: in a market that really is kind of like a 10 00:00:32,600 --> 00:00:35,560 Speaker 3: wait and see kind of kind of mode right now? 11 00:00:35,720 --> 00:00:38,720 Speaker 4: Who are your other favorites? If it's not me, just 12 00:00:38,840 --> 00:00:40,880 Speaker 4: me on the Cross House Isabelle Lee. 13 00:00:41,120 --> 00:00:44,880 Speaker 3: I love Denisia Zakova. My co anchor Katie Greifeld sits 14 00:00:45,400 --> 00:00:47,760 Speaker 3: with you on your Emily, And. 15 00:00:47,640 --> 00:00:49,640 Speaker 4: Of course that's why I was pointing it out. 16 00:00:50,159 --> 00:00:51,760 Speaker 3: In fact, I'd like to do a show with all 17 00:00:51,760 --> 00:00:53,680 Speaker 3: of you, Matt Miller and the Cross Assets team. 18 00:00:53,720 --> 00:00:56,000 Speaker 4: That great. I would love to do that. 19 00:00:56,160 --> 00:00:57,760 Speaker 3: So stocks, some stocks that. 20 00:00:57,680 --> 00:01:00,240 Speaker 4: We're looking at. We're looking at JM. Smucker share are 21 00:01:00,240 --> 00:01:03,760 Speaker 4: down fifteen percent today, so a big drop, and the 22 00:01:03,760 --> 00:01:07,360 Speaker 4: company said US serfs are increasing costs in its coffee 23 00:01:07,360 --> 00:01:11,840 Speaker 4: business in particular, and that's weighing on its profit for 24 00:01:12,080 --> 00:01:16,959 Speaker 4: the physical year. James Smucker owns Folgers and Cafe Bustello Bustello. 25 00:01:17,000 --> 00:01:18,680 Speaker 4: I'm not actually sure how to pronounce it. I don't 26 00:01:18,720 --> 00:01:19,320 Speaker 4: drink either one. 27 00:01:19,360 --> 00:01:22,960 Speaker 3: I don't know if you do, Matt, but Folgers is 28 00:01:23,280 --> 00:01:27,600 Speaker 3: like an old a classic classic, right. I think there's 29 00:01:27,600 --> 00:01:30,520 Speaker 3: something about the morning is right when you get up 30 00:01:30,560 --> 00:01:32,520 Speaker 3: with Folgers in your cup. I can't remember the tagline, 31 00:01:32,520 --> 00:01:37,120 Speaker 3: but for me, Smuckers is all about uncrustables. This is 32 00:01:37,160 --> 00:01:41,200 Speaker 3: the like pre prepared peanut butter and jelly sandwich that 33 00:01:41,720 --> 00:01:44,120 Speaker 3: goes into your freezer. And I have bought a box 34 00:01:44,160 --> 00:01:47,360 Speaker 3: to see if it's good because Katie tells me they're delicious. 35 00:01:47,480 --> 00:01:51,240 Speaker 3: They look incredibly unhealthy. I haven't opened one yet, but 36 00:01:51,360 --> 00:01:56,480 Speaker 3: apparently the NFL it's literally hundreds of thousands of uncrustables. 37 00:01:56,520 --> 00:01:58,440 Speaker 4: I wouldn't doubt it because it has peanut butter in 38 00:01:58,480 --> 00:01:59,240 Speaker 4: it too, right. 39 00:01:59,720 --> 00:02:01,120 Speaker 3: Yeah, yeah, they need the protein. 40 00:02:01,240 --> 00:02:03,680 Speaker 4: They need the protein and the sugar. But anyway. The 41 00:02:03,680 --> 00:02:05,880 Speaker 4: company did generate about a third of its revenue from 42 00:02:05,920 --> 00:02:09,680 Speaker 4: coffee last fiscal year and raise prices for the beverage 43 00:02:09,720 --> 00:02:12,600 Speaker 4: in May. It expects to boost them again in August, 44 00:02:12,880 --> 00:02:16,040 Speaker 4: and overall prices will be up about twenty percent this year, 45 00:02:16,080 --> 00:02:18,800 Speaker 4: Smucker said, And so this is just an interesting story 46 00:02:18,840 --> 00:02:23,000 Speaker 4: to me because obviously we're watching how tariff policies are 47 00:02:23,200 --> 00:02:26,680 Speaker 4: actually impacting companies on a company by company basis, and 48 00:02:27,120 --> 00:02:28,880 Speaker 4: just being able to see it and actually hear from 49 00:02:28,880 --> 00:02:31,600 Speaker 4: the companies on the impacts, I think it's important. 50 00:02:31,800 --> 00:02:34,919 Speaker 3: Up next, we've got there's an analyst out there who 51 00:02:35,000 --> 00:02:37,840 Speaker 3: was asleep throughout twenty twenty three and twenty twenty four 52 00:02:38,080 --> 00:02:40,600 Speaker 3: and finally woke up to the fact that there are 53 00:02:40,720 --> 00:02:43,040 Speaker 3: GLP one drugs out there and if you take them, 54 00:02:43,080 --> 00:02:44,680 Speaker 3: you're less likely to need a big mac. 55 00:02:44,760 --> 00:02:49,280 Speaker 4: Right, possibly Tacker mcd thank you. So we have McDonald's 56 00:02:49,320 --> 00:02:52,280 Speaker 4: shares down about one and a half percent today following 57 00:02:52,320 --> 00:02:57,040 Speaker 4: a cell rating from Redburn Atlantic. It's the sole cell 58 00:02:57,160 --> 00:03:02,120 Speaker 4: rating for McDonald's. But this analyst is citing changing consumer 59 00:03:02,160 --> 00:03:05,320 Speaker 4: patterns due to weight loss drugs and inflation. As you 60 00:03:05,400 --> 00:03:08,760 Speaker 4: just mentioned, you're right, the GLP one story has been 61 00:03:08,800 --> 00:03:11,440 Speaker 4: around for quite a bit. But what these analysts are 62 00:03:11,480 --> 00:03:13,720 Speaker 4: saying is that McDonald's could see as much as a 63 00:03:14,200 --> 00:03:18,400 Speaker 4: four hundred and twenty eight million annual impact to revenue, 64 00:03:18,600 --> 00:03:22,040 Speaker 4: So that's a that's a big hit for you know, 65 00:03:22,080 --> 00:03:25,960 Speaker 4: obviously everybody. This is another theme people are tracking, especially 66 00:03:25,960 --> 00:03:28,360 Speaker 4: when it comes to the food and beverage companies, how 67 00:03:28,440 --> 00:03:30,560 Speaker 4: much GLP wants are having. 68 00:03:30,560 --> 00:03:33,360 Speaker 3: People to be honest with you, that I had forgotten 69 00:03:33,400 --> 00:03:35,320 Speaker 3: about and we talked about it so much for the 70 00:03:35,360 --> 00:03:38,680 Speaker 3: last couple of years that I've everybody who wanted to 71 00:03:38,720 --> 00:03:42,760 Speaker 3: get GLP one drugs and could be approved by insurance 72 00:03:42,760 --> 00:03:43,720 Speaker 3: has already gotten them. 73 00:03:43,920 --> 00:03:48,000 Speaker 1: So I also feel like McDonald's the company has been 74 00:03:48,000 --> 00:03:51,200 Speaker 1: around for so long and it's survived through so many 75 00:03:51,280 --> 00:03:55,360 Speaker 1: like health crazes and phases that Americans go through, like 76 00:03:55,640 --> 00:03:59,560 Speaker 1: the low fat movement or you know, Hoole thirty Now 77 00:03:59,560 --> 00:04:00,320 Speaker 1: it's on. 78 00:04:00,920 --> 00:04:03,240 Speaker 3: I'm just shocked that there's only one cell rating out 79 00:04:03,280 --> 00:04:09,520 Speaker 3: of forty one analysts on the stock listen Circle. CrCL 80 00:04:10,000 --> 00:04:13,960 Speaker 3: is a new one, yes, new ticker to the stock market, 81 00:04:14,400 --> 00:04:15,880 Speaker 3: but they have crushed. 82 00:04:15,480 --> 00:04:18,800 Speaker 4: It until today. So it is a newly public company 83 00:04:18,920 --> 00:04:22,040 Speaker 4: just as of last week. It had a blockbuster debut 84 00:04:22,160 --> 00:04:26,040 Speaker 4: last week, up some two hundred seventy percent from its 85 00:04:26,120 --> 00:04:30,480 Speaker 4: IPO price through Monday and then dropping today. But this 86 00:04:30,520 --> 00:04:34,360 Speaker 4: one is super interesting because etf issuers are already rushing 87 00:04:34,360 --> 00:04:39,960 Speaker 4: to put out filings based on circle. So we have 88 00:04:40,000 --> 00:04:43,960 Speaker 4: at least three separate filings from three separate issuers Bitwise, 89 00:04:44,000 --> 00:04:47,000 Speaker 4: pro Shares, t Rex. Maybe we'll have more to come. 90 00:04:48,279 --> 00:04:51,839 Speaker 4: We'll see about that, but those three have so far 91 00:04:51,920 --> 00:04:55,640 Speaker 4: filed for circle based ETFs and it's one of the 92 00:04:55,880 --> 00:04:59,000 Speaker 4: bi The Blooming Intelligence analysts said, it's an alignment of 93 00:04:59,120 --> 00:05:02,640 Speaker 4: stars because you have a crypto company that's in super 94 00:05:02,720 --> 00:05:06,200 Speaker 4: high demand. It's leverage and also the market is hungry 95 00:05:06,240 --> 00:05:07,799 Speaker 4: for IPOs because Congress. 96 00:05:07,839 --> 00:05:11,279 Speaker 3: Also, Congress is passing stable coin legislation. This is what 97 00:05:11,320 --> 00:05:12,760 Speaker 3: they do. They kind of own the market. 98 00:05:12,880 --> 00:05:18,560 Speaker 2: Now the Stockmovers podcast from Bloomberg Radio. 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