1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market. Harnessing the power of Bloomberg data. 4 00:00:16,920 --> 00:00:18,880 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:18,920 --> 00:00:22,159 Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel with a 6 00:00:22,160 --> 00:00:24,720 Speaker 3: focus this morning on retail earnings and a lot of 7 00:00:24,760 --> 00:00:27,600 Speaker 3: news in the tech space. Valerie, let's start with the earnings, 8 00:00:27,600 --> 00:00:31,640 Speaker 3: because as we speak, results from Macy's are crossing the 9 00:00:31,640 --> 00:00:34,720 Speaker 3: Bloomberg terminal. Good morning, yeah, and wow, it is positive. 10 00:00:34,800 --> 00:00:39,000 Speaker 1: Macy's stock was up around eight percent after these results 11 00:00:39,040 --> 00:00:41,720 Speaker 1: were just announced. It's now up around five percent, so 12 00:00:41,800 --> 00:00:45,160 Speaker 1: moderated it just slightly. But they upgraded their full year 13 00:00:45,200 --> 00:00:49,400 Speaker 1: adjusted EPs range from one point seven to two dollars 14 00:00:49,440 --> 00:00:51,919 Speaker 1: in five cents. The estimate was for one eighty one, 15 00:00:51,960 --> 00:00:55,760 Speaker 1: but they did raise that range from previous guidance. They 16 00:00:55,800 --> 00:00:59,520 Speaker 1: also decent guidance when it comes to full year net 17 00:00:59,600 --> 00:01:02,920 Speaker 1: sales as well, that topping some estimates. So that's leading 18 00:01:02,920 --> 00:01:06,760 Speaker 1: that stock to trade five percent higher. That's Macy's, the 19 00:01:06,800 --> 00:01:10,320 Speaker 1: big retailer. We also had a discount retailer have some 20 00:01:10,360 --> 00:01:14,080 Speaker 1: earnings today. That was Dollar Tree. Net sales beat estimates 21 00:01:14,080 --> 00:01:16,880 Speaker 1: and shares rose as much as four percent. But however, 22 00:01:16,920 --> 00:01:20,200 Speaker 1: there has been some reassessment of these results. Their guidance 23 00:01:20,360 --> 00:01:22,880 Speaker 1: was a bit lackluster, so Dollar Trees now in the red, 24 00:01:23,240 --> 00:01:27,280 Speaker 1: down one point seven percent. It does seem to show though, 25 00:01:27,319 --> 00:01:30,120 Speaker 1: that these discount retailers are beating when it comes to 26 00:01:30,200 --> 00:01:34,000 Speaker 1: sales figures, benefiting from price conscious consumers. That was something 27 00:01:34,000 --> 00:01:37,520 Speaker 1: that was apparent and the rival Dollar General's earnings last week, 28 00:01:37,560 --> 00:01:40,520 Speaker 1: but the shares seem disappointed by the guidance. They're now 29 00:01:40,600 --> 00:01:42,319 Speaker 1: down two point seven percent in pre u. 30 00:01:42,600 --> 00:01:47,240 Speaker 3: Really interesting now to see a guide taken negatively on 31 00:01:47,240 --> 00:01:49,680 Speaker 3: one of the low cost retailers, while we're seeing this 32 00:01:49,840 --> 00:01:54,720 Speaker 3: boost to Macy's, which had been considered more upscale. So 33 00:01:55,000 --> 00:01:57,720 Speaker 3: we're going to be continuing to watch those stocks throughout 34 00:01:57,720 --> 00:02:01,160 Speaker 3: the day. I'm sure also keeping an eye on Big Tech. 35 00:02:01,480 --> 00:02:03,400 Speaker 3: A lot of moves there. Let's start with what's going 36 00:02:03,440 --> 00:02:05,280 Speaker 3: on with Google parent Alphabet. 37 00:02:05,120 --> 00:02:08,000 Speaker 1: Big Win for Google Big court case Win shares are 38 00:02:08,120 --> 00:02:10,240 Speaker 1: up six and a half percent so far in pre 39 00:02:10,320 --> 00:02:14,040 Speaker 1: market trade. A judge ruled that the search giant won't 40 00:02:14,040 --> 00:02:17,160 Speaker 1: be forced to sell its chrome business in a landmark 41 00:02:17,240 --> 00:02:20,079 Speaker 1: anti trust case. The market is taking it as a 42 00:02:20,120 --> 00:02:22,600 Speaker 1: big win. There were some negatives though, to be aware of. 43 00:02:22,960 --> 00:02:26,280 Speaker 1: Google will be required to share online search data with 44 00:02:26,360 --> 00:02:29,560 Speaker 1: its rivals like Microsoft and Duck Duck Go, and the 45 00:02:29,600 --> 00:02:33,680 Speaker 1: search giant will no longer be able to make contracts exclusive. However, 46 00:02:33,720 --> 00:02:35,280 Speaker 1: a lot of the focus is just in the fact 47 00:02:35,320 --> 00:02:38,760 Speaker 1: that they will not be forced to divest the Chrome browser. 48 00:02:38,800 --> 00:02:41,920 Speaker 1: So Google really benefiting from that case decision today up 49 00:02:41,960 --> 00:02:43,840 Speaker 1: six and a half percent, but it caps off a 50 00:02:43,880 --> 00:02:47,560 Speaker 1: five year legal battle around Google that began under Trump's 51 00:02:47,600 --> 00:02:48,559 Speaker 1: first administration. 52 00:02:48,919 --> 00:02:52,080 Speaker 3: We're also seeing a pretty solid move higher for Apple 53 00:02:52,120 --> 00:02:52,639 Speaker 3: this morning. 54 00:02:52,840 --> 00:02:55,240 Speaker 1: Yeah, this is also on the back of Google's court case, 55 00:02:55,280 --> 00:02:58,160 Speaker 1: Apple rising three and a half percent in pre market. 56 00:02:58,200 --> 00:03:01,240 Speaker 1: Apple gets twenty billion of revvee, new and annual fees 57 00:03:01,760 --> 00:03:06,440 Speaker 1: from Google. They essentially to host the Google's Chrome app 58 00:03:06,520 --> 00:03:09,880 Speaker 1: on its devices, they receive that revenue. So this court 59 00:03:09,919 --> 00:03:13,360 Speaker 1: case determines basically those fees can still continue, and some 60 00:03:13,480 --> 00:03:15,720 Speaker 1: analysts pointing out that they believe that now this case 61 00:03:15,760 --> 00:03:18,679 Speaker 1: is settled, it could actually allow Apple to deepen its 62 00:03:18,680 --> 00:03:22,280 Speaker 1: ties with Google and integrating its Gemini AI features. We 63 00:03:22,400 --> 00:03:25,240 Speaker 1: know that Apple is behind on the AI race, and 64 00:03:25,240 --> 00:03:28,800 Speaker 1: speaking of that, they lost another AI researcher to Meta overnight. 65 00:03:28,840 --> 00:03:30,400 Speaker 1: So that's Apple up three and a half percent. 66 00:03:31,760 --> 00:03:35,800 Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with 67 00:03:35,880 --> 00:03:38,440 Speaker 2: us throughout the day for the latest roundup of companies 68 00:03:38,520 --> 00:03:41,640 Speaker 2: making news on Wall Street and for the latest market 69 00:03:41,640 --> 00:03:46,120 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 70 00:03:46,200 --> 00:03:49,720 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 71 00:03:49,800 --> 00:03:51,280 Speaker 2: the Bloomberg Business app.