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

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Speaker 2: Stock Movers podcast, 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. On a

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Speaker 3: very busy morning for earnings, and we have to start

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Speaker 3: with General Motors. Valerie and the word from the automaker

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Speaker 3: that tariffs are having an impact. Good morning.

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Speaker 1: Yeah, that's right, Nathan. Tariffs are having an impact for

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Speaker 1: General Motors, and shares are following three and a half

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Speaker 1: percent after the earnings at just thirty minutes ago, where

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Speaker 1: it said that second quarter profit fell to fell one

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Speaker 1: point one billion due to Trump tariff's in costs. The

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Speaker 1: profit came in at one point nine billion in the

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Speaker 1: current in the second quarter, excuse me, down from two

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Speaker 1: point nine billion in the same quarter of last year.

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Speaker 1: But General Motors did say that the gross tariff impact

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Speaker 1: does remain on change from their guidance they gave previously

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Speaker 1: at four to five billion. We did also see net

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Speaker 1: income decline thirty five percent. It seems to me that

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Speaker 1: the market might have been assuming that we would get

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Speaker 1: maybe a better gross tariff impact number now that we

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Speaker 1: have a bit more clarity on tariffs versus when they

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Speaker 1: reported earlier this year, it seems like that's probably the

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Speaker 1: narrative at the moment. Remember, GM is highly exposed to

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Speaker 1: tariffs if you compare it to the other big US automakers.

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Speaker 1: It does make some cars in South Korea, also has

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Speaker 1: big factories in Canada and Mexico. So that GM falling

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Speaker 1: after this earnings report detailing the Trump tariffs are adding

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Speaker 1: one point one billion in costs down free point six percent.

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Speaker 3: And Valerie as we speak, we are getting earnings crossing

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Speaker 3: the Bloomberg terminal from Coca Cola looks like a beat

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Speaker 3: on second quarter comparable earnings per share.

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Speaker 1: Oh it does, Coca Cola rising over one percent just

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Speaker 1: as these earnings are dropping. The second quarter comparable earnings

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Speaker 1: per share at eighty seven cents. The s was for

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Speaker 1: eighty three, So there is a beat there. I am

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Speaker 1: one to look out for whether they are going to

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Speaker 1: agree with what the tweet from President Trump from last

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Speaker 1: week talking about cane sugar and its soda products. We

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Speaker 1: did hear an update actually from PepsiCo that they're introducing

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Speaker 1: cane sugar based prebiotic cola. So I guess ears out

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Speaker 1: for any new product launches, but it does look like

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Speaker 1: a headline beat for Coca Cola, and those shares are

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Speaker 1: rising one point one percent on the.

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Speaker 3: Bat if you can call Coke Mexico new, but I

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Speaker 3: guess it would be new if it goes broad north

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Speaker 3: of the border. We also got results just in from

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Speaker 3: RTX as well.

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Speaker 1: Oh, let me take a look at those. I do

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Speaker 1: know that we also got Northwook Grumman, which is in

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Speaker 1: the defense space as well, and those shares are rising

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Speaker 1: three and a half percent. This is a defense contractor

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Speaker 1: that is focus more on the space sector, and I

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Speaker 1: think analysts had assumed that there might be some flat

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Speaker 1: growth when it came to sales. It looks like the

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Speaker 1: sales did come in and a beat though. Their second

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Speaker 1: quarter sales at ten point four billion for north Grunman

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Speaker 1: and they see organic sales growth around three percent for

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Speaker 1: the remainder of twenty twenty five, So a beat there,

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Speaker 1: and we're seeing shares rice three and a half percent.

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Speaker 1: On the RTX side, those shares are falling around one percent.

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Speaker 1: It seems like there was a miss on some headline

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Speaker 1: figures adjusted EPs. Oh, coming in with a beat actually

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Speaker 1: one dollar and fifty six cents per share. The estimate

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Speaker 1: was for one forty five, So we have to dig

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Speaker 1: into the details on why the shares are on the

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Speaker 1: back foot. But ArtX down nine tens of one percent,

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Speaker 1: north of Grumman coming with a beat up three and

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Speaker 1: a half and.

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Speaker 3: Just time Valerie to tell us about how the latest

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Speaker 3: beam stock is doing. Open Door, what's going on there?

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Speaker 1: Oh, my gosh, did you see what happened yesterday? This

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Speaker 1: stock jumped one hundred and twenty one percent in the

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Speaker 1: session yesterday. Wow, it made up ten percent of total

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Speaker 1: US trading volume, which is quite a statistic. And it's

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Speaker 1: rising again in pre market, up twelve percent. Basically, someone

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Speaker 1: tweeted about it and it's gone viral. It's an internet

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Speaker 1: platform for buying and selling real estate that went public

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Speaker 1: via spack in twenty twenty. Before all this, it was

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Speaker 1: in the red year to date, but has has had

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Speaker 1: a six day surge of over three hundred percent, So

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Speaker 1: frothy markets, it seems like Nathan for.

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Speaker 2: Open Door, the Stock Movers podcast from Bloomberg Radio, check

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Speaker 2: back with us throughout the day for the latest roundup

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Speaker 2: of companies making news on Wall Street, and for the

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Speaker 2: latest market moving headlines. Listen to Bloomberg Radio Live. Catch

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