Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data.
Speaker 2: Let's take a look at some stocks on the move today.
Speaker 2: We're joined by Bloomberg's vil Donna Hirich. She joins U
Speaker 2: here in a studio with Dona. What are you looking at?
Speaker 3: I'm taking a look at IBM shares, of which are
Speaker 3: dropping some six percent a day after the company reported
Speaker 3: results that showed strong profit but also suggested the economics,
Speaker 3: uncertainty and US government cost cuts could be denting its business.
Speaker 3: So obviously, this has been a theme that we've been
Speaker 3: discussing over the last couple of weeks, how White House
Speaker 3: policies are actually impacting companies themselves. So we're seeing more
Speaker 3: evidence of that. We have the CEO saying that in
Speaker 3: the near term, uncertainty may cause clients to pause. And
Speaker 3: obviously IBM has been working to transform itself over the
Speaker 3: last couple of years. Shares been doing okay up until
Speaker 3: this point. There are up some twelve percent for the year,
Speaker 3: so holding up a little bit stronger than the market overall.
Speaker 3: But we do see shares declining today.
Speaker 2: What about Pepsi?
Speaker 1: It cut its fullier profit out look.
Speaker 3: What are you seeing there?
Speaker 1: Right?
Speaker 3: Shares of Pepsi are down two and a half three
Speaker 3: percent today. It's lowering its full yer profit outlook, and
Speaker 3: it's saying it's given the unpredictable US trade policies as
Speaker 3: well as worsening consumer sentiment, which is driving up costs
Speaker 3: and denting demands for the company's snacks and soft drinks. Obviously,
Speaker 3: it's an owner of a lot of brands that we're
Speaker 3: all very familiar with, and so it gives us a
Speaker 3: really good good look and a pretty broad view into
Speaker 3: the state of the consumer.
Speaker 2: Isabelle and Odona? Are you soda drinkers? I'm not partly well, yes,
Speaker 2: partly a coke versus pepsi. You've got opinion.
Speaker 1: But if I were to choose, I think I like
Speaker 1: pepsi more. Is that right?
Speaker 2: Okay?
Speaker 1: Person?
Speaker 2: But I'm not.
Speaker 3: Can you put ram and pepsi?
Speaker 2: I think you can.
Speaker 1: I thank you.
Speaker 2: John John from the Shore asking can you put rum
Speaker 2: in your pepsi? I think the answer is yes. American Airlines,
Speaker 2: what's happening? But it's known as rom and.
Speaker 3: Coke is management PEPSI, I'm sorry. American Airlines shares are
Speaker 3: down point five percent today. It withdrew its full year
Speaker 3: earnings outlook, and it's obviously joining a growing number of
Speaker 3: companies that are saying that unease about the economy is
Speaker 3: making it difficult to make forecasts and how the rest
Speaker 3: of the year will be playing out. Last week we
Speaker 3: had United Air taking a very unusual step in offering
Speaker 3: dual earnings forecasts, so one for a stable environment and
Speaker 3: one for reduced one based on the presumption of a recession.
Speaker 3: So again just coming back to that theme of how
Speaker 3: policies are actually impacting companies and what they're saying on
Speaker 3: their earnings reports on how they're seeing things play out.
Speaker 1: The Stock Movers podcast from Bloomberg Radio. Check back with
Speaker 1: us throughout the day for the latest roundup of companies
Speaker 1: making news on Wall Street and for the latest market
Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with
Speaker 1: the Bloomberg Business app.