1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,280 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,960 --> 00:00:19,120 Speaker 3: Let's take a look at some of the stocks on 5 00:00:19,160 --> 00:00:21,599 Speaker 3: the move today on Paul swen Alaunside, Scarlet Fuld. 6 00:00:21,400 --> 00:00:24,279 Speaker 1: Were joined by Bloomberg's Christine. You know, Christine, what are 7 00:00:24,280 --> 00:00:26,120 Speaker 1: you looking at? We got to talk about Google, Paul, 8 00:00:26,400 --> 00:00:29,639 Speaker 1: I mean, yeah, top Sara. Good of a ruling is? 9 00:00:29,680 --> 00:00:34,000 Speaker 1: I think it could have been pretty much? Yeah, yeah, so, 10 00:00:34,200 --> 00:00:36,760 Speaker 1: and the shares are reflecting that as well, so Alphabet 11 00:00:36,800 --> 00:00:40,159 Speaker 1: of course, the parent company of Google, Teker goog L. 12 00:00:40,360 --> 00:00:43,240 Speaker 1: Those shares are extending games now up nearly nine percent, 13 00:00:43,320 --> 00:00:46,760 Speaker 1: so that open around seven percent higher and just keeps going. 14 00:00:47,159 --> 00:00:50,440 Speaker 1: And it is specifically, as Paul mentioned, because of this 15 00:00:50,600 --> 00:00:55,279 Speaker 1: favorable ruling in its anti trust case, which essentially allowed 16 00:00:55,440 --> 00:00:58,480 Speaker 1: the company to avoid a forced sale of its Chrome browsers. 17 00:00:58,520 --> 00:01:01,280 Speaker 1: So that was the most important thing hanging in the 18 00:01:01,360 --> 00:01:04,560 Speaker 1: balance there. So interestingly, so the judge last year, a 19 00:01:05,000 --> 00:01:09,280 Speaker 1: judge Amitt Meta, actually ruled that Google illegally monopolized the 20 00:01:09,319 --> 00:01:12,600 Speaker 1: search market through exclusive deals, but then in a judgment 21 00:01:12,640 --> 00:01:15,720 Speaker 1: on Tuesday, he wrote that the emergence of gen Ai 22 00:01:16,200 --> 00:01:19,000 Speaker 1: changed the course of this case very interesting. So it 23 00:01:19,040 --> 00:01:23,240 Speaker 1: sounds like he listened to Google's defense exactly and was like, okay, yeah, 24 00:01:23,240 --> 00:01:26,440 Speaker 1: you're right. Yeah, So seemed like it was definitely worth 25 00:01:26,480 --> 00:01:30,680 Speaker 1: it for Alphabet to appeal that case. And now the ruling, though, 26 00:01:31,120 --> 00:01:35,080 Speaker 1: will still have Alphabet and make some concessions like including 27 00:01:35,480 --> 00:01:38,880 Speaker 1: sharing their online search DADA arrivals and ending exclusive contracts 28 00:01:38,920 --> 00:01:42,839 Speaker 1: for distribution. But the big prize was avoiding the sale 29 00:01:42,840 --> 00:01:43,199 Speaker 1: of chrome. 30 00:01:43,440 --> 00:01:45,720 Speaker 3: Sharon Larry Page and Sir Gabrin, the co founders, each 31 00:01:45,800 --> 00:01:49,760 Speaker 3: going to be making on paper fifteen billion dollars today. 32 00:01:49,840 --> 00:01:51,200 Speaker 1: Not bad, the surgeon not bad. 33 00:01:51,600 --> 00:01:53,760 Speaker 3: So they are number five and six on the rich 34 00:01:54,440 --> 00:01:58,920 Speaker 3: Go top earners wealth people out there, So there you go, 35 00:01:59,000 --> 00:02:00,000 Speaker 3: all right, what do you got. 36 00:02:00,120 --> 00:02:02,960 Speaker 1: Looking at a dollar tree as well? Let's dig into it. 37 00:02:03,000 --> 00:02:06,840 Speaker 1: So those shares tick, your DLT are extending decline, so 38 00:02:06,960 --> 00:02:10,280 Speaker 1: down just over eight percent at the moment, so you know, 39 00:02:10,560 --> 00:02:13,840 Speaker 1: it was supposed to be a good quarter. They reported 40 00:02:13,880 --> 00:02:16,840 Speaker 1: a bet and raise quarter, but the kicker was the 41 00:02:16,840 --> 00:02:20,560 Speaker 1: second quarter EPs. It was beat of third four cents, 42 00:02:20,600 --> 00:02:23,760 Speaker 1: but that also included a twenty cent positive impact from 43 00:02:23,800 --> 00:02:26,679 Speaker 1: the timing of inventory mark on in tariffs, and the 44 00:02:26,760 --> 00:02:30,000 Speaker 1: company expects that to reverse in the third quarter. Now, 45 00:02:30,120 --> 00:02:33,600 Speaker 1: the other thing that analysts are looking at here, not 46 00:02:33,840 --> 00:02:37,640 Speaker 1: so positively is the fact that their comp sales guidance 47 00:02:37,680 --> 00:02:39,720 Speaker 1: for the full year is at four percent to six percent. 48 00:02:39,919 --> 00:02:41,800 Speaker 1: But then if you take into account that they already 49 00:02:41,840 --> 00:02:43,920 Speaker 1: grew more than five percent in the first quarter and 50 00:02:44,000 --> 00:02:46,440 Speaker 1: more than six percent in the second quarter, that actually 51 00:02:46,440 --> 00:02:49,640 Speaker 1: implies a little bit of a acceleration in the back 52 00:02:49,680 --> 00:02:51,679 Speaker 1: half of the year. So Burns, an analyt, is saying 53 00:02:51,720 --> 00:02:55,760 Speaker 1: that they're just not convinced that momentum that we saw 54 00:02:55,760 --> 00:03:00,359 Speaker 1: in a second quarter is sustainable. So we'll see Camble's 55 00:03:00,360 --> 00:03:01,160 Speaker 1: soup Campbell. 56 00:03:01,200 --> 00:03:03,160 Speaker 3: See all right, here's my Campbell soop go to fais 57 00:03:03,160 --> 00:03:05,400 Speaker 3: got to go to let me know, Manhattan clam chowder. 58 00:03:05,440 --> 00:03:06,280 Speaker 2: Oh I love that one. 59 00:03:06,360 --> 00:03:08,040 Speaker 1: Yep, that's a good one. I really like that one 60 00:03:08,080 --> 00:03:11,720 Speaker 1: over our New England clam chowder. Yes, Campbell's ticker CPV. 61 00:03:12,680 --> 00:03:15,640 Speaker 1: Those shares are of more than four percent, and you know, 62 00:03:16,240 --> 00:03:19,160 Speaker 1: the focus here is, of course, second quarter adjusted EPs 63 00:03:19,400 --> 00:03:22,920 Speaker 1: at sixty two cents, beating estimates for fifty six cents, 64 00:03:23,120 --> 00:03:26,800 Speaker 1: and according to a CEO, Mick Bakousen. That's that's hysterical, 65 00:03:27,400 --> 00:03:30,480 Speaker 1: McK bake Housen. The bride spot for the company was 66 00:03:30,520 --> 00:03:35,000 Speaker 1: Cookies is all about the Milanos, specifically their white chocolate 67 00:03:35,240 --> 00:03:38,000 Speaker 1: lineup and the launches that they've done for that. So 68 00:03:38,400 --> 00:03:41,160 Speaker 1: that said, it did adjustice earnings outlook for the year 69 00:03:41,640 --> 00:03:45,840 Speaker 1: and which missed estimates because of increased cost pressures linked 70 00:03:45,880 --> 00:03:48,440 Speaker 1: to terrorists, but Milana Cookies saved a day for Campbell's. 71 00:03:48,440 --> 00:03:53,640 Speaker 2: Here the stock Mover's report from Bloomberg Radio. Check back 72 00:03:53,640 --> 00:03:55,880 Speaker 2: with us throughout the day for the latest roundup of 73 00:03:55,960 --> 00:03:59,240 Speaker 2: companies making news on Wall Street and for the latest 74 00:03:59,240 --> 00:04:03,480 Speaker 2: market moving deadlines. Listen to Bloomberg Radio Live, catch us 75 00:04:03,480 --> 00:04:07,240 Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android 76 00:04:07,240 --> 00:04:09,240 Speaker 2: Auto with the Bloomberg Business app.