1 00:00:02,520 --> 00:00:07,040 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 --> 00:00:16,360 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,800 --> 00:00:19,160 Speaker 1: I'm Tim Sativak along with Carol Masser. Let's take a 5 00:00:19,200 --> 00:00:21,000 Speaker 1: look at some stocks on the move today. We are 6 00:00:21,079 --> 00:00:25,919 Speaker 1: joined by a Bloomberg News equities reporter, Alexandra Samonova. Alex 7 00:00:26,000 --> 00:00:27,080 Speaker 1: what is on your radar? 8 00:00:27,320 --> 00:00:29,400 Speaker 3: Always great to join you guys. A little bit of 9 00:00:29,400 --> 00:00:32,840 Speaker 3: a sign of reassurance today for investors who just last 10 00:00:32,840 --> 00:00:35,479 Speaker 3: week were worried about regional banks and what they were 11 00:00:35,479 --> 00:00:38,600 Speaker 3: telling us about their credit health. Zions today reported that 12 00:00:38,640 --> 00:00:42,960 Speaker 3: its profit actually topped analyst estimates. Despite a fifty million 13 00:00:43,000 --> 00:00:45,839 Speaker 3: dollar loss from an alleged fraud to a commercial real 14 00:00:45,960 --> 00:00:49,480 Speaker 3: estate investor group in southern California, their earnings were pretty solid. 15 00:00:49,479 --> 00:00:52,560 Speaker 3: They reported two hundred and twenty two million dollars worth 16 00:00:52,600 --> 00:00:57,200 Speaker 3: of net income today, just beating forecasts Monday. Rather also 17 00:00:57,360 --> 00:01:00,840 Speaker 3: charging off fifty six million dollars of bad loan for 18 00:01:01,120 --> 00:01:04,479 Speaker 3: that alleged fraud. Last week, Zions had reported a credit 19 00:01:04,520 --> 00:01:07,480 Speaker 3: loss of fifty million dollars out of sixty million dollars 20 00:01:07,800 --> 00:01:10,600 Speaker 3: caused by that commercial real estate portfolio, and that kind 21 00:01:10,600 --> 00:01:13,480 Speaker 3: of triggered some concern about credit and given the other 22 00:01:13,560 --> 00:01:17,640 Speaker 3: recent loan blow ups from companies like Tricolor Holdings and 23 00:01:17,760 --> 00:01:20,080 Speaker 3: First Brand Groups, but appears so far that this has 24 00:01:20,160 --> 00:01:23,840 Speaker 3: really contained. Goldman Sachs CEO David Solomon even today said 25 00:01:23,920 --> 00:01:26,880 Speaker 3: that those were isolated incidents. So those earnings kind of 26 00:01:27,240 --> 00:01:28,119 Speaker 3: a testament of that. 27 00:01:28,280 --> 00:01:30,400 Speaker 4: We're going to hear from Western Alliance after the close today, 28 00:01:30,400 --> 00:01:33,880 Speaker 4: which was the other bank along with Scions that folks 29 00:01:33,880 --> 00:01:37,160 Speaker 4: who are worried about last week for similar reasons. Let's 30 00:01:37,240 --> 00:01:39,200 Speaker 4: take Airbnb. What's going on there. 31 00:01:39,280 --> 00:01:41,360 Speaker 3: Yeah, that's an interesting one because at a time when 32 00:01:41,360 --> 00:01:45,399 Speaker 3: it seems like everyone assigning deals with Open AI, Airbnb 33 00:01:45,600 --> 00:01:48,600 Speaker 3: actually said not quite yet. We're actually not ready to 34 00:01:48,680 --> 00:01:51,880 Speaker 3: partner up at this point. It's CEO Brian Chesky said 35 00:01:51,880 --> 00:01:54,960 Speaker 3: that he didn't integrate his company's online travel app with 36 00:01:55,040 --> 00:01:59,280 Speaker 3: open AIS Chat GBT because it's connective tools quote aren't 37 00:01:59,360 --> 00:02:03,240 Speaker 3: quite ready yet. Airbnb will monitor the development of chat 38 00:02:03,320 --> 00:02:07,920 Speaker 3: GPT's integration and may consider a tie in the the 39 00:02:07,960 --> 00:02:09,760 Speaker 3: first AI did listen. 40 00:02:10,480 --> 00:02:14,080 Speaker 1: I have been experimenting with certain l ms. I asked 41 00:02:14,080 --> 00:02:16,000 Speaker 1: one question today and there's a little note at the 42 00:02:16,000 --> 00:02:18,120 Speaker 1: bottom that says make sure you verify everything. And I 43 00:02:18,160 --> 00:02:20,919 Speaker 1: asked it a simple question, and then I double checked 44 00:02:21,000 --> 00:02:23,320 Speaker 1: with a different source and it wasn't the right answer, 45 00:02:23,480 --> 00:02:27,200 Speaker 1: and I said, actually, I think it's this and there 46 00:02:27,360 --> 00:02:31,840 Speaker 1: the LM is like, you're right, it is that the 47 00:02:31,880 --> 00:02:34,480 Speaker 1: tech is not perfect. Yeah, by any means. 48 00:02:34,600 --> 00:02:36,040 Speaker 4: Yeah, I guess you'd be careful. 49 00:02:36,040 --> 00:02:38,760 Speaker 3: Stuff by Brian Cheskey to be a little bit skeptical here. 50 00:02:38,760 --> 00:02:41,040 Speaker 3: And the interesting thing is he's actually good friends with 51 00:02:41,200 --> 00:02:43,919 Speaker 3: Opening I CEO Sam Altman, and said that they'll kind 52 00:02:43,919 --> 00:02:46,400 Speaker 3: of be working together. I know he consulted him on 53 00:02:46,680 --> 00:02:48,920 Speaker 3: some of the development of that third party feature. So 54 00:02:48,960 --> 00:02:51,600 Speaker 3: perhaps in the future there will be a deal, but it's. 55 00:02:51,400 --> 00:02:54,040 Speaker 4: Not ready to maybe Cheske geut of text. It's like, 56 00:02:54,200 --> 00:02:57,520 Speaker 4: you know from Altman, Hey, no drinks tonight. Yes, we're 57 00:02:57,560 --> 00:02:58,320 Speaker 4: not having drinks tonight. 58 00:02:58,520 --> 00:03:01,720 Speaker 1: Remember the confident the conference a couple of weeks ago 59 00:03:02,560 --> 00:03:06,160 Speaker 1: where they were announcing all the different partnerships. Trip Advisor 60 00:03:06,280 --> 00:03:08,240 Speaker 1: was one of them, for example. That's right, and every 61 00:03:08,240 --> 00:03:11,280 Speaker 1: time a company was mentioned, the company share price would 62 00:03:11,280 --> 00:03:12,560 Speaker 1: shoot higher as a result. 63 00:03:12,880 --> 00:03:14,640 Speaker 4: It's interesting to see kind of maybe a little bit 64 00:03:14,639 --> 00:03:14,800 Speaker 4: of this. 65 00:03:15,000 --> 00:03:16,760 Speaker 1: Was the Open Eye developers, right. 66 00:03:16,680 --> 00:03:19,840 Speaker 4: So all those docks that shut up based on their 67 00:03:20,000 --> 00:03:23,359 Speaker 4: being mentioned, So maybe it criticalized as not a bad. 68 00:03:23,200 --> 00:03:25,200 Speaker 3: I got to point out though, that AIRBNBA is up 69 00:03:25,240 --> 00:03:28,520 Speaker 3: one point four percent right now, outperforming the broader market 70 00:03:28,560 --> 00:03:32,040 Speaker 3: even as it didn't just because of this story. I 71 00:03:32,040 --> 00:03:36,280 Speaker 3: guess perhaps the mention of it just doing well together. 72 00:03:36,760 --> 00:03:40,680 Speaker 4: Yeah, that's interesting, all right. Take us to another earning story. 73 00:03:40,960 --> 00:03:44,520 Speaker 3: Adida. So it lifted its earnings forecast for the Euromid 74 00:03:44,640 --> 00:03:47,760 Speaker 3: strong demand for its retro sneakers. You guys have probably 75 00:03:47,800 --> 00:03:51,000 Speaker 3: seen them, the Didas gazelles. I know, they're so popular 76 00:03:51,040 --> 00:03:53,680 Speaker 3: everyone's trying to get their hands on them. It also 77 00:03:53,800 --> 00:03:57,160 Speaker 3: took some effort to mitigate the impact of tariffs. The 78 00:03:57,240 --> 00:04:00,520 Speaker 3: German Sportsbek company now expects to generate an operation profit 79 00:04:00,600 --> 00:04:04,240 Speaker 3: of about two billion euros according to a statement with 80 00:04:04,320 --> 00:04:07,760 Speaker 3: preliminary results. That's about two point three billion dollars. That 81 00:04:07,880 --> 00:04:10,560 Speaker 3: is up from the previous forecast of one point seven 82 00:04:10,640 --> 00:04:14,520 Speaker 3: to one point eight billion euros, and it's currently currency neutral. 83 00:04:14,560 --> 00:04:16,839 Speaker 3: Sales will grow by about nine percent. It's had a 84 00:04:16,839 --> 00:04:19,559 Speaker 3: really good two years. It's CEO said that it's trying 85 00:04:19,600 --> 00:04:22,760 Speaker 3: to keep up that momentum, specifically with the popularity of 86 00:04:22,760 --> 00:04:23,760 Speaker 3: those retro sneakers. 87 00:04:24,120 --> 00:04:26,599 Speaker 1: I haven't think Gazelle's been around forever forever and that 88 00:04:26,680 --> 00:04:27,600 Speaker 1: they always been cool. 89 00:04:27,720 --> 00:04:29,320 Speaker 3: Everything is making comeback now. 90 00:04:29,600 --> 00:04:31,560 Speaker 1: I didn't. I never know they we they were gone. 91 00:04:31,640 --> 00:04:33,000 Speaker 1: I thought they were at for a while. 92 00:04:33,680 --> 00:04:35,040 Speaker 3: You were, you were ahead of the game. 93 00:04:35,080 --> 00:04:40,920 Speaker 2: To the stock Movers report from Bloomberg Radio, check back 94 00:04:40,960 --> 00:04:43,200 Speaker 2: with us throughout the day for the latest roundup of 95 00:04:43,240 --> 00:04:46,520 Speaker 2: companies making news on Wall Street and for the latest 96 00:04:46,560 --> 00:04:50,760 Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us 97 00:04:50,800 --> 00:04:54,560 Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android 98 00:04:54,560 --> 00:04:56,560 Speaker 2: Auto with the Bloomberg Business app.