WEBVTT - General Motors Rises, JetBlue Slumps, UPS Climbs on Positive Forecast

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<v Speaker 1>Bloomberg Audio Studios podcast, The Stock Builders Report, your roundup

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<v Speaker 1>of companies making moves in the stock market, harnessing the

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<v Speaker 1>power of Bloomberg Data. Let's got a sense of what's

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<v Speaker 1>happening out there with stocks on the move today.

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<v Speaker 2>We can do that with they need to hold that.

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<v Speaker 2>What are you looking at today in the stock market?

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<v Speaker 2>We have to talk about General Motors. Obviously, profits are

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<v Speaker 2>expected to grow as much as two billion this year.

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<v Speaker 2>Stock is on a tier up nearly seven percent today.

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<v Speaker 2>Ticker of course is GM. So there is this interesting trend.

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<v Speaker 2>A lot of those legacy auto makers are benefiting from

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<v Speaker 2>President troops effort to water down by an era of

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<v Speaker 2>fuel economy, and a lot of those big vehicles like

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<v Speaker 2>the SUVs they have, the GMC, Sierra and Calik those

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<v Speaker 2>are the vehicle that are driving a lot of the profits.

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<v Speaker 2>And we see adjusted earnings before interesting taxes this year

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<v Speaker 2>we'll range from thirteen billion to fifteen billion, which is

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<v Speaker 2>so sugnificantly higher than what we saw last year. A

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<v Speaker 2>lot of optimism. The company was already up fifty percent

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<v Speaker 2>last year, so a pretty strong start of twenty twenty

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<v Speaker 2>six as well. All right, let's stay with the transportation theme.

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<v Speaker 2>What else are you looking at? Moving to airlines? Things

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<v Speaker 2>don't look so good for Jet Blue. The company report

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<v Speaker 2>the wider laws then expect that there are a lot

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<v Speaker 2>of challenges in the strategy to win over high paying customers.

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<v Speaker 2>That's been their new push. What we saw is the

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<v Speaker 2>carrier posted and just did loss of forty nine since

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<v Speaker 2>a share three cents worse than one the street was expected.

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<v Speaker 2>Jet Blue has posted operating losses for several years. The

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<v Speaker 2>airline has been turning to those high end consumers and

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<v Speaker 2>trying to most of them. For example, they have been

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<v Speaker 2>they opened their first airport launch, but so far where

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<v Speaker 2>yet to see if that high end consumer will bring

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<v Speaker 2>in off revenue. The share film as much as nine percent.

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<v Speaker 2>Now they're down four percent. GBLU.

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<v Speaker 1>You guys fly Jet Blue?

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<v Speaker 2>Rong?

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<v Speaker 1>I do because we go to the West Coast all

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<v Speaker 1>the time to see a family, to see my kids,

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<v Speaker 1>and they have the most you know, options in terms

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<v Speaker 1>of direct life. Yeah, I mean, I don't have a

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<v Speaker 1>problem with that, although I do think it's interesting that

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<v Speaker 1>they're focusing so much on the premium customer when they

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<v Speaker 1>spend so much time making clear that that was not

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<v Speaker 1>who they were yeah.

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<v Speaker 2>I also go to the West coast. It feels they

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<v Speaker 2>are very good for those short roads. And you know,

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<v Speaker 2>have you gone to the lounge yet, the new lounge? No? No, No,

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<v Speaker 2>I don't have access to yet. Yeah. UPS, what do

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<v Speaker 2>you got for us? UPS? Another gainer Today UPS is

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<v Speaker 2>up nearly two percent a ticker as UPS. Of course,

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<v Speaker 2>they forcus full year sales above Wall Streets expectations. There

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<v Speaker 2>have been a lot of cuts and efforts for the

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<v Speaker 2>company to improve their profitability. The stock them bout twenty

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<v Speaker 2>one percent last year, as the SMP had a double

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<v Speaker 2>digit gain. What we're seeing is revenue will be about

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<v Speaker 2>ninety billion in twenty twenty six. Upsad in a statement,

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<v Speaker 2>I only said anticipated lord and that, so some of

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<v Speaker 2>the optimism is coming from that. UPS has been trying

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<v Speaker 2>to cut costs. It says it has saved three point

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<v Speaker 2>five billion twenty twenty five, so it's clearly working, but

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<v Speaker 2>it's a long way ahead. They're planning to They have

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<v Speaker 2>closed and facilidated sorting facility, offering buyouts to union drivers,

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<v Speaker 2>cutting back on seasonal workers. There have been a lot

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<v Speaker 2>of those efforts and sold this so far this year,

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<v Speaker 2>a small gain after a big loss last year for sure.

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