WEBVTT - American Airlines Higher Despite Miss; L'Oreal Jumps

0:00:02.520 --> 0:00:09.960
<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report,

0:00:10.280 --> 0:00:13.440
<v Speaker 1>your roundup of companies making moves in the stock market,

0:00:13.680 --> 0:00:15.880
<v Speaker 1>harnessing the power of Bloomberg Data.

0:00:16.640 --> 0:00:18.840
<v Speaker 2>Let's take a look at some stocks on the move today,

0:00:19.079 --> 0:00:21.120
<v Speaker 2>Alexis Kristoffers.

0:00:20.520 --> 0:00:22.479
<v Speaker 3>And let's start with one of the airlines in the

0:00:22.520 --> 0:00:25.560
<v Speaker 3>news today, Tom, that's American Airlines. The stock is up

0:00:25.600 --> 0:00:28.360
<v Speaker 3>better than two and a quarter percent right now. Okay,

0:00:28.400 --> 0:00:31.440
<v Speaker 3>it lowered its full year earnings target, saying it may

0:00:31.560 --> 0:00:34.080
<v Speaker 3>end the year with a loss. It's all I know,

0:00:34.960 --> 0:00:36.839
<v Speaker 3>But I think it's one of those Hey, look, it

0:00:36.880 --> 0:00:39.880
<v Speaker 3>wasn't as bad as expected. And they also believe, as

0:00:39.960 --> 0:00:41.680
<v Speaker 3>do a lot of the other airlines, that they're going

0:00:41.720 --> 0:00:44.080
<v Speaker 3>to be able to pass along those higher jet fuel

0:00:44.120 --> 0:00:46.879
<v Speaker 3>costs to us the consumer when we decide to travel

0:00:47.159 --> 0:00:50.519
<v Speaker 3>this summer and for the you know, foreseeable future. But

0:00:50.600 --> 0:00:53.160
<v Speaker 3>the carrier says it's going to absorb four billion dollars

0:00:53.159 --> 0:00:55.760
<v Speaker 3>in additional fuel costs from the war in Iran. But again,

0:00:56.120 --> 0:00:58.520
<v Speaker 3>you know, these prices, these airfares are just going up

0:00:58.560 --> 0:01:02.760
<v Speaker 3>across the board at internet National airlines as well. So

0:01:02.920 --> 0:01:07.920
<v Speaker 3>we heard from Southwest Airlines as well today it's updating

0:01:07.920 --> 0:01:11.200
<v Speaker 3>its full year profit guidance were declined rather to update

0:01:11.240 --> 0:01:15.559
<v Speaker 3>its full year profit guidance. American, though, has lost twenty

0:01:15.560 --> 0:01:18.520
<v Speaker 3>five percent in value this year, more than twice as

0:01:18.600 --> 0:01:21.280
<v Speaker 3>much as the Bloomberg World Airlines Index.

0:01:21.400 --> 0:01:22.880
<v Speaker 2>Wow, know that.

0:01:23.480 --> 0:01:26.639
<v Speaker 4>I didn't know American was so much smaller than Delta

0:01:26.680 --> 0:01:28.480
<v Speaker 4>and United. That's what I learned recently.

0:01:28.640 --> 0:01:30.800
<v Speaker 3>Right, you think like the three big ones are all like,

0:01:30.880 --> 0:01:34.160
<v Speaker 3>you know, sort of the same. But also American and

0:01:34.280 --> 0:01:38.200
<v Speaker 3>Alaska air they're looking to pursue a revenue sharing agreement

0:01:38.280 --> 0:01:41.320
<v Speaker 3>or some sort of a strategic partnership. But Bloomberg is

0:01:41.360 --> 0:01:43.640
<v Speaker 3>reporting the two were not talking about merging, So no

0:01:43.720 --> 0:01:46.240
<v Speaker 3>merger between American and Alaska, but ways to sort of

0:01:46.400 --> 0:01:50.480
<v Speaker 3>revenue share. Okay, let's talk a little makeup which I

0:01:50.520 --> 0:01:53.840
<v Speaker 3>know you guys know all about. This is Loreale up

0:01:53.920 --> 0:01:57.120
<v Speaker 3>nine percent, biggest one day jump since twenty ten. Didn't

0:01:57.120 --> 0:01:59.080
<v Speaker 3>know that until I read the story on the terminal

0:01:59.480 --> 0:02:02.560
<v Speaker 3>reporting it strongest quarterly sales in two years. You know

0:02:02.560 --> 0:02:04.840
<v Speaker 3>where it's getting a boost to China? Really, they said

0:02:04.840 --> 0:02:07.040
<v Speaker 3>the stock market there is doing well, and so people

0:02:07.080 --> 0:02:09.160
<v Speaker 3>are you know, now they have high end and low

0:02:09.160 --> 0:02:12.000
<v Speaker 3>when they have Mabeline land Comb and they have a

0:02:12.000 --> 0:02:15.080
<v Speaker 3>whole bunch of different products skincare, not just make up,

0:02:15.120 --> 0:02:17.680
<v Speaker 3>shampoo as well, so they can sort of, you know,

0:02:17.960 --> 0:02:20.200
<v Speaker 3>whether the storm better than a lot of their competitors.

0:02:20.240 --> 0:02:22.480
<v Speaker 4>I'll steal taught me something. You have to invest in

0:02:22.520 --> 0:02:26.919
<v Speaker 4>your face. That's all she told me. Charlie Roy John

0:02:27.400 --> 0:02:29.359
<v Speaker 4>look at me now, John Talker and I we we

0:02:29.760 --> 0:02:32.160
<v Speaker 4>missed that message. So but anyway, that's what Alex Steel

0:02:32.200 --> 0:02:32.520
<v Speaker 4>told us.

0:02:33.480 --> 0:02:36.240
<v Speaker 2>We have to stop the show right now. Alexis kustaf

0:02:36.480 --> 0:02:41.880
<v Speaker 2>is surveillance cosmetic expert. Here the kids, the girls are

0:02:42.400 --> 0:02:43.520
<v Speaker 2>nuts about this.

0:02:43.760 --> 0:02:47.920
<v Speaker 3>Nut's about the skincare. Like in the bathroom, was I

0:02:48.040 --> 0:02:50.360
<v Speaker 3>thinking about, Oh, let me put on some night cream?

0:02:50.760 --> 0:02:55.560
<v Speaker 2>Is not someday someday I'll steal my mom's lipstick. These kids,

0:02:55.639 --> 0:02:58.160
<v Speaker 2>it's it'spora right.

0:02:58.120 --> 0:03:01.359
<v Speaker 3>It's Sephora. Absolutely, it's all to beauty. It's all those

0:03:01.400 --> 0:03:04.400
<v Speaker 3>places the girls go out and something.

0:03:04.160 --> 0:03:06.280
<v Speaker 2>At CBS behind the lolack of counter.

0:03:06.560 --> 0:03:08.320
<v Speaker 3>Now they're asking mom and dad to foot the bill.

0:03:08.720 --> 0:03:09.720
<v Speaker 1>It really thank you.

0:03:09.760 --> 0:03:10.640
<v Speaker 2>It's good to know about that.

0:03:10.720 --> 0:03:12.360
<v Speaker 3>Yeah, by the way, you mentioned lipstick. You know the

0:03:12.400 --> 0:03:15.120
<v Speaker 3>lipstick effect where they say, you know, consumers turn to

0:03:15.160 --> 0:03:19.519
<v Speaker 3>these small indulgences to make themselves feel better during uncertain times.

0:03:19.680 --> 0:03:21.839
<v Speaker 3>Rial CEO said, that's what's happening as well.

0:03:22.919 --> 0:03:26.960
<v Speaker 1>This Stock Movers report from Bloomberg Radio. Check back with

0:03:27.040 --> 0:03:29.600
<v Speaker 1>us throughout the day for the latest roundup of companies

0:03:29.680 --> 0:03:32.800
<v Speaker 1>making news on Wall Street and for the latest market

0:03:32.800 --> 0:03:37.280
<v Speaker 1>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

0:03:37.360 --> 0:03:40.880
<v Speaker 1>Bloomberg dot com, and on Applecarplay and Android Auto with

0:03:40.960 --> 0:03:42.440
<v Speaker 1>the Bloomberg Business app.