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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.

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Speaker 2: Stock Movers Report, your roundup of companies making moves in

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Speaker 2: the stock market. Harnessing the power of Bloomberg Data.

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Speaker 3: Let's take a look at some stocks on the move today.

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Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel with a

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Speaker 3: lot of earning stories to tell this morning. Valerie, let's

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Speaker 3: start with the new What did we get from AT

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Speaker 3: and T this morning?

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Speaker 4: It was a decent beat for AT and T.

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Speaker 1: Shares are up two point eight percent so far in

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Speaker 1: the pre market.

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Speaker 4: The wireless provider added.

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Speaker 1: More mobile phone and home internet subscribers than expected after

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Speaker 1: what was a heavy promotional push in the quarter. They

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Speaker 1: did miss just slightly on revenue, but AT and T

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Speaker 1: added that the full year earnings per share would land

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Speaker 1: in the upper range of their previous guidance. Now. AT

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Speaker 1: and T is the first of the major wireless providers

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Speaker 1: to report results. It's been positive so far. We have

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Speaker 1: T Mobile on deck tomorrow morning.

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Speaker 3: Okay, so some positivity to take our attention away from

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Speaker 3: the disappointment that we've been talking about all morning. From Netflix.

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Speaker 1: Netflix down six and a half percent. Nathan, a surprise

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Speaker 1: six hundred million dollars tax dispute with Brazil cut into

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Speaker 1: its earnings, which meantes operating income came in less than expected.

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Speaker 1: Executives were quick to say they don't expect this issue

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Speaker 1: with Brazil to have a meaningful impact on quarters to come.

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Speaker 1: It was just a one off charge. But outside of this,

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Speaker 1: the earnings looked pretty decent. They were given a boost

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Speaker 1: by the movie K Pop Demon Hunters.

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Speaker 4: Not sure if you've seen it yet, Nathan, but going on.

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Speaker 1: I've seen it, the most popular Netflix film of all time.

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Speaker 1: They also sought to comfort investors excuse me, who are

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Speaker 1: worried that AI generated video content is affecting its business model.

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Speaker 1: Netflix address this in a letter to shareholders, touting record

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Speaker 1: subscriber engagement in the previous quarter, in the fact that

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Speaker 1: they don't see AI general videos weighing on the streaming giant. Instead,

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Speaker 1: they see it hitting more of the likes of user

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Speaker 1: generated content such as the videos you see on TikTok

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Speaker 1: and Instagram.

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Speaker 3: So they hope things will be golden later on. Less

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Speaker 3: golden for Texas Instruments. So this was just not a

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Speaker 3: good story all around.

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Speaker 1: Yeah, Texas instrument is down seven point seven percent. In

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Speaker 1: the pre market. This is the biggest maker of analog chips.

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Speaker 1: They gave a disappointing forecast for a second quarter in

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Speaker 1: a row. It's just adding to concerns that the turnaround

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Speaker 1: for the analog chip sector is sputtering. The CEO saying

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Speaker 1: customers are still in a wait and see approach to

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Speaker 1: their chip demands, to the capital expenditures as tariff uncertainty

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Speaker 1: continues to slow down business decisions. They highlighted particular weakness

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Speaker 1: in autos and in their China business.

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Speaker 3: Speaking of tariff uncertainty, I guess that's why Mattel's taking

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Speaker 3: a beating this morning.

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Speaker 1: Yeah, Matt's El down six point four percent, sales dipping

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Speaker 1: as tariff uncertainty has delayed some customers orders. Now North

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Speaker 1: America sales declined twelve percent from last year. Nathan, the CEO, says,

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Speaker 1: though the customers orders are delayed, they're not necessarily canceled

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Speaker 1: and they are expecting a boost in fourth quarter sales.

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Speaker 3: Finally, Valerie explained beyond meat to me, why is it

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Speaker 3: up ninety seven percent right now?

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Speaker 4: This one might take longer than sixty seconds.

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Speaker 1: Name beyond meat, these shares are doubling in the pre market.

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Speaker 4: It really has gotten silly.

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Speaker 1: They essentially went from fifty cents four days ago to

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Speaker 1: now seven dollars and forty cents per share in four sessions,

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Speaker 1: which is a spike of thirteen hundred percent. Now, the

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Speaker 1: original spike on this week was on the back of

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Speaker 1: a social media frenzy.

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Speaker 4: It got added to yesterday after.

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Speaker 1: Walmart announced that it will increase the availability of beyond

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Speaker 1: meat products in its stores. And this all comes after

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Speaker 1: a very heavy dilution of shareholders after a debt swap

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Speaker 1: last week. So it's gone to a penny stock to

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Speaker 1: now seven dollars from twenty cents, doubling in the pre market.

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Speaker 2: Stockmover's report from Bloomberg Radio. Check back with us throughout

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Speaker 2: the day for the latest roundup of companies making news

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Speaker 2: on Wall Street and for the latest market moving headlines.

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