1 00:00:02,520 --> 00:00:07,720 Speaker 1: Bloomberg Audio Studios podcast, The Stock Builders Report, your roundup 2 00:00:07,760 --> 00:00:11,000 Speaker 1: of companies making moves in the stock market, harnessing the 3 00:00:11,119 --> 00:00:14,040 Speaker 1: power of Bloomberg Data. Let's got a sense of what's 4 00:00:14,040 --> 00:00:16,800 Speaker 1: happening out there with stocks on the move today. 5 00:00:17,440 --> 00:00:20,360 Speaker 2: We can do that with they need to hold that. 6 00:00:20,760 --> 00:00:22,000 Speaker 2: What are you looking at today in the stock market? 7 00:00:22,040 --> 00:00:25,239 Speaker 2: We have to talk about General Motors. Obviously, profits are 8 00:00:25,320 --> 00:00:28,400 Speaker 2: expected to grow as much as two billion this year. 9 00:00:29,240 --> 00:00:32,479 Speaker 2: Stock is on a tier up nearly seven percent today. 10 00:00:32,920 --> 00:00:36,280 Speaker 2: Ticker of course is GM. So there is this interesting trend. 11 00:00:37,320 --> 00:00:39,839 Speaker 2: A lot of those legacy auto makers are benefiting from 12 00:00:39,840 --> 00:00:43,360 Speaker 2: President troops effort to water down by an era of 13 00:00:43,400 --> 00:00:46,960 Speaker 2: fuel economy, and a lot of those big vehicles like 14 00:00:47,120 --> 00:00:50,400 Speaker 2: the SUVs they have, the GMC, Sierra and Calik those 15 00:00:50,440 --> 00:00:53,120 Speaker 2: are the vehicle that are driving a lot of the profits. 16 00:00:53,159 --> 00:00:56,160 Speaker 2: And we see adjusted earnings before interesting taxes this year 17 00:00:56,160 --> 00:00:59,720 Speaker 2: we'll range from thirteen billion to fifteen billion, which is 18 00:00:59,800 --> 00:01:02,560 Speaker 2: so sugnificantly higher than what we saw last year. A 19 00:01:02,560 --> 00:01:05,000 Speaker 2: lot of optimism. The company was already up fifty percent 20 00:01:05,160 --> 00:01:08,480 Speaker 2: last year, so a pretty strong start of twenty twenty 21 00:01:08,480 --> 00:01:11,560 Speaker 2: six as well. All right, let's stay with the transportation theme. 22 00:01:11,560 --> 00:01:13,840 Speaker 2: What else are you looking at? Moving to airlines? Things 23 00:01:13,920 --> 00:01:17,000 Speaker 2: don't look so good for Jet Blue. The company report 24 00:01:17,120 --> 00:01:19,600 Speaker 2: the wider laws then expect that there are a lot 25 00:01:19,600 --> 00:01:22,919 Speaker 2: of challenges in the strategy to win over high paying customers. 26 00:01:22,959 --> 00:01:25,480 Speaker 2: That's been their new push. What we saw is the 27 00:01:25,480 --> 00:01:28,600 Speaker 2: carrier posted and just did loss of forty nine since 28 00:01:28,640 --> 00:01:32,280 Speaker 2: a share three cents worse than one the street was expected. 29 00:01:32,560 --> 00:01:36,800 Speaker 2: Jet Blue has posted operating losses for several years. The 30 00:01:36,800 --> 00:01:39,960 Speaker 2: airline has been turning to those high end consumers and 31 00:01:40,000 --> 00:01:43,640 Speaker 2: trying to most of them. For example, they have been 32 00:01:44,120 --> 00:01:47,440 Speaker 2: they opened their first airport launch, but so far where 33 00:01:47,520 --> 00:01:49,680 Speaker 2: yet to see if that high end consumer will bring 34 00:01:49,720 --> 00:01:52,840 Speaker 2: in off revenue. The share film as much as nine percent. 35 00:01:53,480 --> 00:01:56,000 Speaker 2: Now they're down four percent. GBLU. 36 00:01:56,240 --> 00:01:57,520 Speaker 1: You guys fly Jet Blue? 37 00:01:57,600 --> 00:01:57,800 Speaker 2: Rong? 38 00:01:58,080 --> 00:01:59,800 Speaker 1: I do because we go to the West Coast all 39 00:01:59,840 --> 00:02:02,480 Speaker 1: the time to see a family, to see my kids, 40 00:02:02,560 --> 00:02:05,280 Speaker 1: and they have the most you know, options in terms 41 00:02:05,320 --> 00:02:07,760 Speaker 1: of direct life. Yeah, I mean, I don't have a 42 00:02:07,800 --> 00:02:09,600 Speaker 1: problem with that, although I do think it's interesting that 43 00:02:09,639 --> 00:02:12,480 Speaker 1: they're focusing so much on the premium customer when they 44 00:02:12,480 --> 00:02:14,480 Speaker 1: spend so much time making clear that that was not 45 00:02:14,520 --> 00:02:15,720 Speaker 1: who they were yeah. 46 00:02:15,760 --> 00:02:17,280 Speaker 2: I also go to the West coast. It feels they 47 00:02:17,320 --> 00:02:20,000 Speaker 2: are very good for those short roads. And you know, 48 00:02:20,240 --> 00:02:22,520 Speaker 2: have you gone to the lounge yet, the new lounge? No? No, No, 49 00:02:22,480 --> 00:02:27,359 Speaker 2: I don't have access to yet. Yeah. UPS, what do 50 00:02:27,400 --> 00:02:31,960 Speaker 2: you got for us? UPS? Another gainer Today UPS is 51 00:02:32,040 --> 00:02:35,079 Speaker 2: up nearly two percent a ticker as UPS. Of course, 52 00:02:35,639 --> 00:02:40,480 Speaker 2: they forcus full year sales above Wall Streets expectations. There 53 00:02:40,520 --> 00:02:42,440 Speaker 2: have been a lot of cuts and efforts for the 54 00:02:42,480 --> 00:02:46,520 Speaker 2: company to improve their profitability. The stock them bout twenty 55 00:02:46,560 --> 00:02:49,080 Speaker 2: one percent last year, as the SMP had a double 56 00:02:49,120 --> 00:02:52,080 Speaker 2: digit gain. What we're seeing is revenue will be about 57 00:02:52,320 --> 00:02:55,360 Speaker 2: ninety billion in twenty twenty six. Upsad in a statement, 58 00:02:55,639 --> 00:02:58,440 Speaker 2: I only said anticipated lord and that, so some of 59 00:02:58,440 --> 00:03:02,359 Speaker 2: the optimism is coming from that. UPS has been trying 60 00:03:02,400 --> 00:03:05,320 Speaker 2: to cut costs. It says it has saved three point 61 00:03:05,360 --> 00:03:09,480 Speaker 2: five billion twenty twenty five, so it's clearly working, but 62 00:03:09,639 --> 00:03:12,320 Speaker 2: it's a long way ahead. They're planning to They have 63 00:03:12,520 --> 00:03:17,399 Speaker 2: closed and facilidated sorting facility, offering buyouts to union drivers, 64 00:03:17,440 --> 00:03:19,680 Speaker 2: cutting back on seasonal workers. There have been a lot 65 00:03:19,720 --> 00:03:22,520 Speaker 2: of those efforts and sold this so far this year, 66 00:03:22,520 --> 00:03:24,920 Speaker 2: a small gain after a big loss last year for sure. 67 00:03:25,960 --> 00:03:30,000 Speaker 1: The Stock Movers Report from Bloomberg Radio. Check back with 68 00:03:30,080 --> 00:03:32,639 Speaker 1: us throughout the day for the latest roundup of companies 69 00:03:32,720 --> 00:03:35,800 Speaker 1: making news on Wall Street and for the latest market 70 00:03:35,840 --> 00:03:40,320 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 71 00:03:40,400 --> 00:03:43,920 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 72 00:03:43,960 --> 00:03:45,480 Speaker 1: the Bloomberg Business app.