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

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

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: Let's get to some stocks on the move. Bloomberg Cross

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Speaker 3: Asset reporter Isabelle is back with us watching some of

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Speaker 3: the stocks in the move, especially the after hours. Let's

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Speaker 3: start with Cisco right coming out with earnings.

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Speaker 4: Cisco came out with earnings. Ticker is CSCO. It's down

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Speaker 4: by let me see, I'm seeing down by six percent,

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Speaker 4: but we know I have a history of six and

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Speaker 4: confusing things. Yes, okay, which is confusing because it's an

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Speaker 4: upbeat forecast. Disco is the largest maker of machines that

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Speaker 4: run computer networks and the Internet, so this reports signals

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Speaker 4: that the company's attracting customers building AI systems, and they've

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Speaker 4: been rejigging its chips and networking equipment to really just

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Speaker 4: handle massive amount of information, which is a potentially lucrative

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Speaker 4: market with a lot of growing competition. We have traditionally

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Speaker 4: afterword companies like Broadcom and HP also trying to get

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Speaker 4: some market share. They topped their estimates and their Racer

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Speaker 4: folio of forecasts, which is why I'm confused why it's down.

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Speaker 4: It was up actually, and then it just sank.

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Speaker 3: Wu Jinho a Bloomberg Intelligence he was on right after earnings,

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Speaker 3: and he said, one of the things that they're concerned

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Speaker 3: about is the third quarter justin gross margins, they put

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Speaker 3: out sixty five point five percent to sixty six point

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Speaker 3: five percent. That's below the street estimate of sixty eight

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Speaker 3: point two percent. So that represents I think, was it

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Speaker 3: d ram it? Did you talk about the higher costs which.

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Speaker 1: A lot of companies have been struggling with because of

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Speaker 1: supply issues.

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Speaker 4: Yeah, so there's some issues there and maybe their margin

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Speaker 4: forecast is tepid, But it's just it's interesting because investors

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Speaker 4: choose to look at whatever they want and to react

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Speaker 4: to that little number.

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Speaker 3: Yeah, he liked the growth that they're in terms of

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Speaker 3: their AI business, so wujin did. So Yeah, we'll see

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Speaker 3: how it like plays that maybe after the call with

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Speaker 3: analysts and that's show into the Thursday trade. Where shall

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Speaker 3: we go next?

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Speaker 4: McDonald's mcd I love to talk about this because it

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Speaker 4: also fluctuated. Earlier it was up around two percent, but

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Speaker 4: now it's down by three tenths of one percent. It's

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Speaker 4: interesting again because you buys. Sales grew at the fastest

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Speaker 4: pace in more than three years. Larger things to value meals,

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Speaker 4: which we know really resonated, would cost conscious customers. They've

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Speaker 4: had value meals as low as five dollars. You can't really,

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Speaker 4: I mean when we buy lunch out here in this area,

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Speaker 4: it's hard to find five dollars.

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Speaker 5: So I know, impossible, Okay, I'm trying.

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Speaker 4: Yeah, I know, I was trying to be safe.

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Speaker 5: That's why it was hard. Yes, actually, have you ever

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Speaker 5: I mean, have you heard of such a thing.

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Speaker 4: No, it's always My budget is twenty dollars, which is absurd, which.

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Speaker 5: Is why I just bring you get a buttered roll

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Speaker 5: and a cup of coffee. Like for fire Knucks. That's

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Speaker 5: not a latch, that's a snack the French way, So

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Speaker 5: it's good.

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Speaker 4: Sales from established restaurants jumped six point eight percent. The

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Speaker 4: stock has gained around six percent this year, and priority

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Speaker 4: for McDonald's has really been to regain its status as

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Speaker 4: an affordable.

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Speaker 5: Dining out option.

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Speaker 4: I remember for a while people were saying that they

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Speaker 4: were too expensive, So now they're trying to regain that,

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Speaker 4: and it looks like it's working. Their marketing is successful,

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Speaker 4: according to them, and they brought back a lot of

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Speaker 4: stuff like Monopoly game and Grinch themed meal.

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Speaker 3: The Grinch meal apparently fifteen to seventeen bucks often priced.

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Speaker 3: It was, I guess, a choice of a big mac

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Speaker 3: or ten piece McNugget, a drink, a unique Dill pickle,

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Speaker 3: Grinch salt mixed shaker fries, ym YMM and collectible Grinch

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Speaker 3: themed socks.

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Speaker 5: What you can eat the sock. They were aware the songs.

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Speaker 3: Yeah. We talked to Abby roach over at all Spring

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Speaker 3: Global Investments. She said they were really pop.

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Speaker 4: Oh really yeah, I guess so yeah. And then Restaurant Brands,

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Speaker 4: which owns Burger King its scheduled to report on Thursday,

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Speaker 4: and earlier this month, Young Brands, competitor of McDonald's, posts

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Speaker 4: better than expected sale, so it looks like it's probably

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Speaker 4: across the board.

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Speaker 3: Then there's the exclusive McNugget caviare just in time for them.

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Speaker 5: Oh my gosh, no cost. If you were lucky.

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Speaker 1: If you're a lucky and this is a true story,

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Speaker 1: Tom Keene may bring you a filet of fish from McDonald's.

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Speaker 4: I think I've seen photos. I wasn't lucky in on

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Speaker 4: Valentine's Day consumer.

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Speaker 1: Or just just just to be a nice guy. He

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Speaker 1: has been, He's.

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Speaker 5: Done the guy all right? Can you in thirty seconds

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Speaker 5: do Zillow? Zillow ticker is Z.

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Speaker 4: I also want to talk about it because the ticker

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Speaker 4: is cool, and because as a renter I look at

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Speaker 4: Zillow and Street Easy all the time. Homes I would

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Speaker 4: never afford anyway. So the stock is edging higher by no,

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Speaker 4: I'm sorry, it's lower, the lowest since August twenty twenty

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Speaker 4: four and the most since November twenty twenty one. It's

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Speaker 4: down by sixteen percent the forecast first quarter profit that

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Speaker 4: fell short of estimates. Stock has fallen around twenty percent

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Speaker 4: this year, and we know that the housing market might

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Speaker 4: find some relief this year, but for now maybe not yet.

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Speaker 5: Yeah, it's been struggling, no.

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Speaker 2: Doubt about it.

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Speaker 3: Isabelle.

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Speaker 5: Thank you so much.

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Speaker 3: Isabelle La Blueberg News crossouse at reporter.

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Speaker 2: This stock mover's report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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