WEBVTT - Nvidia Lower; Alphabet Jumps; Kohl's Soars 

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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 1>Let's take a look at some stocks on the move today.

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<v Speaker 1>I'm Tim Keen with Paul Sweeney and Bloomberg's Lisa Tell.

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<v Speaker 1>Do you have just one stock mover or a plethora?

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<v Speaker 3>No, there's a plethora.

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<v Speaker 4>Get ready for it, Okay, because we have this AI

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<v Speaker 4>chip rivalry heating up in Video NVDA. Their shares are

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<v Speaker 4>down as much as four percent, Alphabet Googl up as

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<v Speaker 4>much as four percent. So the reason behind all this

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<v Speaker 4>is because there's a report from the Information that Medicine

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<v Speaker 4>Talks has spent billions on Google's AI chips, and that's

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<v Speaker 4>basically challenging in videos market dominance. You have Google over

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<v Speaker 4>Alphabet on track to hit a four trillion dollar market

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<v Speaker 4>valuation for the first time for the company.

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<v Speaker 3>So it there's a lot behind it.

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<v Speaker 1>Remind me like the red Sox were favored in March. Yeah,

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<v Speaker 1>Googled and Apple We're dead, am I right? Yeah?

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<v Speaker 5>I mean they were like on loove, Google's been I

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<v Speaker 5>didn't see it. I didn't see that big movement Google,

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<v Speaker 5>that's why not treading tech stocks next.

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<v Speaker 4>They got but they are and video stocks already. You know,

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<v Speaker 4>they facing the challenges. They had the fear of the

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<v Speaker 4>AI bubble, but it's coming.

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<v Speaker 3>It's this morning. Their shares are down.

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<v Speaker 4>So we got a retail right, we had retail sales

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<v Speaker 4>figures out today, so we'll start with Cohle's kss. Their

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<v Speaker 4>shares up as much as twenty seven twenty seven percent,

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<v Speaker 4>a few things. So they raised their full year outlook

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<v Speaker 4>for the second quarter. They also lifted their comparable sales

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<v Speaker 4>adjusted diluted earnings per share for guidance for the year,

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<v Speaker 4>but it comes as the same weight. The company named

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<v Speaker 4>its interim CEO as its new leader. You know, there

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<v Speaker 4>were a lot of issues behind the CEO of the company,

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<v Speaker 4>but it still faces this tough path. It's posted fifteen

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<v Speaker 4>straight quarters of declining year over year revenue all that.

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<v Speaker 4>So it's it's starting to come back. It's showing improvement

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<v Speaker 4>and that's it. I mean, price conscious consumers are going there.

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<v Speaker 1>This is like ancient Paul me on the screen is

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<v Speaker 1>a ten. Yeah, because it's like so you know they

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<v Speaker 1>have gray airin yep, what are you laughing? About over

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<v Speaker 1>there Monominee Falls, Wisconsin. Good morning, yep.

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<v Speaker 4>But it's the price conscious consumer and that's what a

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<v Speaker 4>lot of companies have been talking about. I mean, you

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<v Speaker 4>go to Cohl's and you have a thirty percent coupon,

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<v Speaker 4>you have your Cohls cash like you get a big

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<v Speaker 4>you know, argain.

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<v Speaker 1>When you have hot dogs at the front.

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<v Speaker 3>They have taught this.

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<v Speaker 4>But they do have sephorier products, which my daughter likes

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<v Speaker 4>to go when we get there, so they have that

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<v Speaker 4>going for them too. Another retailers, Abercrobi and Fitch anf

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<v Speaker 4>their shares have been up as much as eighteen percent.

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<v Speaker 4>They raise a low end of their full year series

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<v Speaker 4>outlook net sales growing about sixty seven percent this year

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<v Speaker 4>and that was up from the previous outlook.

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<v Speaker 3>But the Hollister brand that's what's doing well for them.

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<v Speaker 4>Sales there jump sixteen percent. Yeah, strong back to school

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<v Speaker 4>demand because that's the one for the younger kids. Like

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<v Speaker 4>the younger kids love the Hollister brand. But the CEO

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<v Speaker 4>has been kind of trying to shift it, you know,

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<v Speaker 4>get get the older customer for the Abercrombie brand, and

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<v Speaker 4>that's kind of been starting to work now.

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<v Speaker 5>So sock ups nineteen percent today but still down fifty

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<v Speaker 5>six percent year.

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<v Speaker 1>Maybe there's still lined up on the sidewalk outside, oh

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<v Speaker 1>for those drops. Not.

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<v Speaker 3>I haven't seen that a while in Abercrombie and Fish.

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<v Speaker 1>Because like anytime I wonder wherever I go, Brandy Melville,

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<v Speaker 1>there's always oh.

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<v Speaker 3>That I was on that line.

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<v Speaker 1>Yeah, and your wallets survived.

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<v Speaker 4>Yes, and you sit there and you get like a

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<v Speaker 4>hot dog because you're waiting there for so long because

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<v Speaker 4>you just stand there.

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<v Speaker 3>But yeah, no no lines outside for Abercrombie next.

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<v Speaker 4>And and that was it, Gap, TJX, Abercrombie, Cols, like

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<v Speaker 4>all those have been with kind of standing that Friday.

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<v Speaker 1>It's not as big a deal as it used to be,

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<v Speaker 1>like thousands of people outside.

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<v Speaker 3>Walmart because the sales came before.

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<v Speaker 4>Like I've been getting Amazon Black Friday deals for the

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<v Speaker 4>past week.

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<v Speaker 5>And the whole e commerce thing. I mean, you know,

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<v Speaker 5>you can just buy a lot, if not all, of

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<v Speaker 5>your stuff just with the click and then it's on

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<v Speaker 5>your doorstep same day, next day, something crazy the whole world.

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<v Speaker 3>But my daughter still wants to go, she wants to

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<v Speaker 3>do the Black Friday thing. She's like, when you get

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<v Speaker 3>home we're going shopping.

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<v Speaker 5>Short Hills Mall there you go clocks by, yep, and

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<v Speaker 5>there will be a Short Hills mall from now till Christmas.

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<v Speaker 5>This is in New Jersey, folks. A line of cars

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<v Speaker 5>backed up on Route twenty four waiting to get into

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<v Speaker 5>the parking lot.

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<v Speaker 1>That's like a fancy mall though, right, Yeah, I've never

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<v Speaker 1>enjoyed the experience.

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<v Speaker 5>Yes, yeah, it is an experience. You can spend a

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<v Speaker 5>day there.

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<v Speaker 3>They haven't Italy there now, I know. It's amazing.

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<v Speaker 5>Yeah, that's what the malls are doing.

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<v Speaker 1>Now.

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<v Speaker 5>It's an experience. It's a destination. You're not just going

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<v Speaker 5>there to shop quickly, You're going there for the experience.

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<v Speaker 2>This stock mover's report from Bloomberg Radio. Check back with

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