WEBVTT - Costco Slips, Eli Lilly Rises, RH Tumble on Trump Tariffs

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg data.

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<v Speaker 3>Let's take us look at some of the stocks on

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<v Speaker 3>the move today. We can do that with Bloomberg's or

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<v Speaker 3>Melinda nor What are you looking at looking.

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<v Speaker 4>At shares of Costco right now in trading, that's take

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<v Speaker 4>our cost We are seeing shares falling as much as

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<v Speaker 4>four point one percent. This is their worst day that

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<v Speaker 4>we're seeing since June of this year. So we saw

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<v Speaker 4>the company report at quarterly profit that was better than expectations,

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<v Speaker 4>but it seems as though people are kind of viewing

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<v Speaker 4>the report as overall very mixed. I mean, truest is

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<v Speaker 4>saying that while they are leading to a lot of

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<v Speaker 4>the exclusive shopping hours and Instacart credit are leading toward

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<v Speaker 4>a significant number of trade ups, Costco's evaluation makes it

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<v Speaker 4>challenging to put fresh money to work. So we are

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<v Speaker 4>seeing some pressure right now on the stock in trading

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<v Speaker 4>today as people really digest those results that we saw.

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<v Speaker 3>Hot talking a coke two and fifty cent that hasn't.

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<v Speaker 4>Pizza the pizza fantastic I mean, I like to swing

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<v Speaker 4>in there and get a slice. Okay, not too bad.

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<v Speaker 1>Those are all lost leaders for Costco because they know

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<v Speaker 1>everything else the price point is at least ten dollars.

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<v Speaker 1>Let's talk a little bit about pharma companies, starting with

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<v Speaker 1>the biggest, Eli Lilly.

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<v Speaker 4>Yes, keeping eyes on Eli Lily today, that's ticker l

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<v Speaker 4>l Y. And of course this is after the news

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<v Speaker 4>that we've been seeing regarding tariffs, as has been very

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<v Speaker 4>topical as of late here. So we were looking at

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<v Speaker 4>US drug makers in particular because President Donald Trump said

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<v Speaker 4>that he announced a plan to impose a one hundred

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<v Speaker 4>percent tariff on branded and patented drug imports, and so

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<v Speaker 4>he did include exemptions for companies with US manufacturing. So,

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<v Speaker 4>as you would expect, you are seeing a bit of

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<v Speaker 4>a tailwind here for these US homegrown pharmaceutical companies. But

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<v Speaker 4>it seems as though you guys will be digging into

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<v Speaker 4>that a bit more as elly. Yeah, so what that

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<v Speaker 4>will look like here, But we are seeing a bit

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<v Speaker 4>of pop and shares here for Eli Lilly up as

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<v Speaker 4>much as two percent right now in trading.

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<v Speaker 3>All right, how about some of the home furnishing companies.

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<v Speaker 3>They're also I don't know where that came from. Why

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<v Speaker 3>does you have a problem with the furniture, I.

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<v Speaker 4>Mean more tears, more tears here. So looking at shares

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<v Speaker 4>of furniture retailers, as you mentioned right now, our H

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<v Speaker 4>is one of the names that I have in focus

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<v Speaker 4>here that's ticker RH makes it pretty easy for you there.

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<v Speaker 4>Shares are down as much as four percent in trading

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<v Speaker 4>today and this is really just pressure that we're seeing

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<v Speaker 4>hariffs or Donald Trump announced that the US will enact

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<v Speaker 4>new tariffs on imported kitchen cabinets, bathroom vanityes, and other

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<v Speaker 4>home products next week. So, I mean, we do know

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<v Speaker 4>that the CEO of URH has been a critic of

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<v Speaker 4>Trump's trade policy. They are seeing the stock fall as

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<v Speaker 4>much as four percent as I'm saying today that we're

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<v Speaker 4>seeing here on this Friday, So lotus to kind of

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<v Speaker 4>keep an eye on as we're looking at the furniture

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<v Speaker 4>retailers and where tariffs are really ricocheting into different sectors here.

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<v Speaker 1>Yeah, certainly bad news for most people because I can't

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<v Speaker 1>think of that many pieces of furniture that are made

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<v Speaker 1>on a large scale inside the US.

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<v Speaker 4>Yeah, I mean, is what we were just talking about,

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<v Speaker 4>the fact that so many furniture stores are down south

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<v Speaker 4>North Carolina, Virginia, but much of it really a lot

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<v Speaker 4>of the materials being imported.

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<v Speaker 2>Here the Stockmovers Report from Bloomberg Radio. Check back with

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