WEBVTT - Uber-Lucid Partnership, Pepsi Beats, Elevance Falls 

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

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<v Speaker 2>Stock Movers podcast, your roundup of companies making moves in

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<v Speaker 2>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 Tim Statobek, along with Nora Melinda were joined by

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<v Speaker 1>Bloomberg News Earnings reporter Red Brown.

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<v Speaker 3>Read lot to choose from.

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<v Speaker 4>Yeah, it was you know, lately we haven't been so

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<v Speaker 4>had such a bounty to pick from, so it's easy

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<v Speaker 4>for me today. The first one I'm looking at is

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<v Speaker 4>is Lucid group. That ticker on that one is Elcid.

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<v Speaker 4>The big news today. Besides it, Tim will get to

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<v Speaker 4>test drive another self driving car.

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<v Speaker 3>Is that? Yeah? You see in twenty twenty six. I

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<v Speaker 3>don't know, you tell me.

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<v Speaker 4>I mean with Lucid, there is a lot of question

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<v Speaker 4>marks around exactly that, whether or not. You know, in

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<v Speaker 4>the past they have struggled to actually kind of hit

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<v Speaker 4>some of their production targets. But this go around, I know,

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<v Speaker 4>you guys are speaking with the CEO of the company

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<v Speaker 4>today and saying that they will have the capacity to

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<v Speaker 4>get these cars out. The news today, obviously, was the

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<v Speaker 4>three hundred million deal that Lucid signed with Uber to

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<v Speaker 4>launch self driving cars by next year, so it's it's

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<v Speaker 4>another one of these deals that Uber is is doing

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<v Speaker 4>to do to just kind of flood the market with

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<v Speaker 4>as many options as they can.

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<v Speaker 3>Have either of you been in a self driving car?

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<v Speaker 5>I actually haven't. I don't know how I feel about them,

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<v Speaker 5>to be honest.

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<v Speaker 3>Okay, right, I'm afraid. I feel like I've been on

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<v Speaker 3>the show set exactly that you know I used.

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<v Speaker 1>I was once like you two, I was once afraid

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<v Speaker 1>changed states.

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<v Speaker 3>I went to.

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<v Speaker 1>San Francisco late last year for an event, uh and

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<v Speaker 1>I was with a friend and she said, have you

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<v Speaker 1>ridden in a Waimo yet? And I said, no, I haven't.

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<v Speaker 1>I you know, I don't really want to jump in

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<v Speaker 1>one of those things. And she was like, you have

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<v Speaker 1>to do it. You got to try it. And it

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<v Speaker 1>was really her endorsement. And she said, you know, when

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<v Speaker 1>we have friends come and visit, it's like a thing

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<v Speaker 1>we do in San Francisco. You know, you used to

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<v Speaker 1>ride the trolley, you go, you know, go to the

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<v Speaker 1>pier and stuff. Well, tourist attraction to people getting waymos.

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<v Speaker 1>And I did it once. She dropped me off at

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<v Speaker 1>a place where I could get a WAYMO. I took it,

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<v Speaker 1>and like every time I'm there, it's the only thing

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<v Speaker 1>I take.

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<v Speaker 5>But is it cheaper?

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<v Speaker 1>Then it's like the same price as Zuber, Yeah, or cheaper, right,

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<v Speaker 1>I compare them.

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<v Speaker 3>I mean, but I wonder is it just still going

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<v Speaker 3>to be like a party trick.

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<v Speaker 4>But it seems like there's so much money going into

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<v Speaker 4>it that at this point, like it feels like it

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<v Speaker 4>really something we're all doing.

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<v Speaker 1>So critics argue that yes, it works in a place

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<v Speaker 1>like San Francisco, because of the mapping that they've done,

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<v Speaker 1>because of the way the streets are laid out. It's

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<v Speaker 1>being tested in Los Angeles, it's in Austin, Miami, They're

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<v Speaker 1>going to do it in DC. They're going to test

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<v Speaker 1>here in New York. I'm talking about Waymos specifically. I

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<v Speaker 1>think the big question is whether or not they can

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<v Speaker 1>pull this off. Weimo or anyone else can pull it

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<v Speaker 1>off in a city like New York, right right, Like

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<v Speaker 1>some other count the highways in San Francisco, it's just.

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<v Speaker 5>Like okay, streets only yeah enough, what else are you

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<v Speaker 5>looking at?

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<v Speaker 6>Red?

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<v Speaker 4>Another one on my radars is PEPSI. Obviously they had

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<v Speaker 4>earnings today. It came out quite strong. The organic growth

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<v Speaker 4>beat expectations. And you know, this company hasn't had a

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<v Speaker 4>ton of momentum heading into this this report, but now

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<v Speaker 4>up seven percent at the moment. That's the highest since

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<v Speaker 4>April this year. So not that you know, they have

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<v Speaker 4>had some good days so far, but I would really

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<v Speaker 4>call my attention with this one was actually the reasons

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<v Speaker 4>why they were doing well. So it's these things like,

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<v Speaker 4>you know, people are getting healthier, they want more protein,

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<v Speaker 4>they want smaller serving sizes, things like that, which I

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<v Speaker 4>don't think we always associate with, you know, pepsi and

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<v Speaker 4>coke and things like that, but you know it's kind

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<v Speaker 4>of the momentum right now is behind the healthier options

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<v Speaker 4>and companies are you know, making making sure that's available

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<v Speaker 4>to their consumers.

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<v Speaker 3>Poppy, Have you guys tried Poppy?

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<v Speaker 6>I was just about to bring that up. I always

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<v Speaker 6>mix Poppy up with the other one. There's I'm linking

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<v Speaker 6>right now. It's Poppy versus There's so many different reasons

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<v Speaker 6>point biotic, biotic, probiotic treats, and Pepsi is the owner

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<v Speaker 6>correct for.

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<v Speaker 3>Poppy, I believe, So yeah, Ollipop.

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<v Speaker 5>I appreciate you resolving that have you tried?

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<v Speaker 1>But that's supposed to be the growth area, right PEPs

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<v Speaker 1>he made this big acquisition.

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<v Speaker 4>Right yeah, I mean it's but in that same sort

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<v Speaker 4>of thematic vein of like how can we be healthier? Right?

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<v Speaker 4>So that is what consumers have been shouting out for

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<v Speaker 4>so much. I mean, I will do it after. You know,

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<v Speaker 4>you want something sweet after like a workout or whatever.

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<v Speaker 4>It's like, you know, instead of getting a coke, you

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<v Speaker 4>get a poppy and you don't feel so like you

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<v Speaker 4>just wasted your last hour.

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<v Speaker 5>Makes you feel better about yourself, right, that's important.

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<v Speaker 4>Speaking of health, Yes, last one of my radar today

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<v Speaker 4>is actually one of the worst performing stocks that's in

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<v Speaker 4>the S and P five hundred. That's Elevan's Health. They

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<v Speaker 4>are down around twelve percent at the moment, so that's

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<v Speaker 4>that's right now trending towards a in one of the words,

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<v Speaker 4>the lowest points in four years. So that came after

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<v Speaker 4>the company cut its profit outlook for the year. And

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<v Speaker 4>this is another theme that we've been tracking through all

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<v Speaker 4>of the healthcare insurance is they're just having a really

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<v Speaker 4>hard time dealing with healthcare costs the moment, United healthcare.

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<v Speaker 4>Obviously the biggest name in this space has been for me,

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<v Speaker 4>one of the most important I think stock stories of

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<v Speaker 4>the year, just considering the amount of market cap that

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<v Speaker 4>that company has lost, and we're just seeing it kind

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<v Speaker 4>of play out through the rest of that industry, through

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<v Speaker 4>the smaller players as well.

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<v Speaker 5>And what's interesting, I saw Vital Knowledge.

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<v Speaker 6>They put out a note essentially saying that the spacemen

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<v Speaker 6>beating up valuations are cheap, so there's not much of

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<v Speaker 6>a reason for people to buy the dip because fundamentals

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<v Speaker 6>aren't likely to improve anytime soon.

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<v Speaker 2>The Stockmovers podcast from Bloomberg Radio. Check back with us

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