1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market. Harnessing the power of Bloomberg data. 4 00:00:16,480 --> 00:00:18,159 Speaker 1: Let's take a look at some of the stocks on 5 00:00:18,200 --> 00:00:20,959 Speaker 1: the move today. I'm Karen Moscow and we're joined by 6 00:00:21,040 --> 00:00:24,119 Speaker 1: bloombergy Stan Curtis Dan. Good morning, Hey, I'm watching some 7 00:00:24,160 --> 00:00:27,240 Speaker 1: headlines from Macy's there crossing the Bloomberg. What are we seeing? 8 00:00:27,640 --> 00:00:30,440 Speaker 3: Good morning, Karen. Macy's earnings out right now, and it 9 00:00:30,560 --> 00:00:34,280 Speaker 3: is the forecast that's catching everyone's attention. Ticker m is 10 00:00:34,360 --> 00:00:36,479 Speaker 3: down about one percent in the pre market now. It's 11 00:00:36,479 --> 00:00:38,640 Speaker 3: been jumping around a bit. It's been down a little 12 00:00:38,680 --> 00:00:41,280 Speaker 3: bit more just a few moments ago. And that's as 13 00:00:41,320 --> 00:00:44,320 Speaker 3: Macy's issues what's being called a prudent twenty twenty six 14 00:00:44,360 --> 00:00:48,559 Speaker 3: guidance on geopolitical risks. The company's full year forecast for 15 00:00:48,640 --> 00:00:52,840 Speaker 3: comparable sales and profit, both below estimates from Wall Street 16 00:00:52,920 --> 00:00:56,600 Speaker 3: Dude's the Iron War and tariffs. The company expects adjusted 17 00:00:56,600 --> 00:00:59,680 Speaker 3: diluted earnings per shared arrange between a dollar ninety and 18 00:00:59,760 --> 00:01:03,040 Speaker 3: two dollars and ten cents, and comparable sales to increase 19 00:01:03,400 --> 00:01:06,760 Speaker 3: just as much as zero point five percent. These numbers 20 00:01:06,800 --> 00:01:08,880 Speaker 3: on the back of what looks like a stronger than 21 00:01:08,920 --> 00:01:12,640 Speaker 3: expected fourth quarter, with earnings coming out well above analyst 22 00:01:12,760 --> 00:01:15,240 Speaker 3: estimates a dollar sixty seven versus the Wall Street con 23 00:01:15,720 --> 00:01:17,560 Speaker 3: consensus of one fifty four. 24 00:01:18,040 --> 00:01:20,520 Speaker 1: Well, you're also watching in Vidia after some signs that 25 00:01:20,560 --> 00:01:23,320 Speaker 1: it's making progress and re entering the Chinese market. 26 00:01:23,680 --> 00:01:27,000 Speaker 3: That's right. In Vidia CEO Jensen Wong said the company 27 00:01:27,080 --> 00:01:30,080 Speaker 3: is firing up h two hundred AI accelerators as it 28 00:01:30,120 --> 00:01:34,000 Speaker 3: receives US licenses for quote many customers in China. That 29 00:01:34,040 --> 00:01:36,680 Speaker 3: has helped shares gain just about one percent in pre 30 00:01:36,760 --> 00:01:40,639 Speaker 3: market right now. That announcement comes alongside a Reuters report 31 00:01:40,680 --> 00:01:43,119 Speaker 3: that China has also approved the sale of these ships, 32 00:01:43,120 --> 00:01:45,759 Speaker 3: So it sounds like both the US and China approving 33 00:01:45,800 --> 00:01:49,560 Speaker 3: these sales. The market has been virtually closed to USAI chips, 34 00:01:49,600 --> 00:01:52,720 Speaker 3: and in Vidia's prior revenue forecasts have assumed no sales 35 00:01:52,760 --> 00:01:55,600 Speaker 3: in the region. All of this follows Monday's announcement from 36 00:01:55,680 --> 00:01:59,520 Speaker 3: Nvidio of new AI products, including a push into CPUs 37 00:01:59,600 --> 00:02:02,120 Speaker 3: and into gration of technology acquired from the startup groc 38 00:02:02,240 --> 00:02:04,520 Speaker 3: so in video. Putting a little bit of bullish momentum 39 00:02:04,520 --> 00:02:05,360 Speaker 3: behind it this morning. 40 00:02:05,680 --> 00:02:08,120 Speaker 1: Yeah, and you have more on the China AI story 41 00:02:08,160 --> 00:02:09,359 Speaker 1: with Ali Baba and Baydu. 42 00:02:10,080 --> 00:02:13,480 Speaker 3: That's right, both those companies are raising prices for AI computing. 43 00:02:13,840 --> 00:02:16,360 Speaker 3: Ali Baba says it's going to raise prices up to 44 00:02:16,400 --> 00:02:19,280 Speaker 3: thirty four percent. Bay Do is also raising prices in 45 00:02:19,360 --> 00:02:22,600 Speaker 3: a month up to thirty percent. That has those shares 46 00:02:22,919 --> 00:02:26,360 Speaker 3: the ADRs, up about three percent in the pre market each. 47 00:02:26,840 --> 00:02:29,639 Speaker 3: This comes on the heels of new focus to AI 48 00:02:30,639 --> 00:02:33,639 Speaker 3: from Ali Baba to monetize its AI All of this, 49 00:02:33,880 --> 00:02:36,320 Speaker 3: all of this takes place in the background of Openclaw, 50 00:02:36,320 --> 00:02:38,880 Speaker 3: which has been taking China by storm. That's an open 51 00:02:38,880 --> 00:02:41,640 Speaker 3: source AI agent that acts as a personal assistant, and 52 00:02:41,880 --> 00:02:44,320 Speaker 3: just this week by Dow announced plans to capture the hype. 53 00:02:44,400 --> 00:02:47,360 Speaker 3: It unveiled smart speakers that works as a voice controlled 54 00:02:47,400 --> 00:02:51,440 Speaker 3: remote for Openclaw. So AI in China a big bullish 55 00:02:51,480 --> 00:02:52,960 Speaker 3: theme this morning and. 56 00:02:53,000 --> 00:02:55,080 Speaker 1: With about thirty seconds, can you tell us about this 57 00:02:55,080 --> 00:02:56,440 Speaker 1: disappointment at Lululemon. 58 00:02:56,919 --> 00:02:59,560 Speaker 3: That's right, Lululemon shares are down about one percent in 59 00:02:59,600 --> 00:03:02,880 Speaker 3: pre mark it right now. The pleasure maker is forecasting 60 00:03:02,919 --> 00:03:06,360 Speaker 3: a second straight year of profit declines and still no 61 00:03:06,639 --> 00:03:10,880 Speaker 3: Ceo replacement announced that's after the after Calvin McDonald's stepped 62 00:03:10,880 --> 00:03:14,200 Speaker 3: down in January. It did announce a former Levi Straus CEO, 63 00:03:14,280 --> 00:03:15,640 Speaker 3: chip Berg, will be added. 64 00:03:15,400 --> 00:03:20,399 Speaker 2: To the board. The Stockmover's report from Bloomberg Radio. Check 65 00:03:20,440 --> 00:03:22,800 Speaker 2: back with us throughout the day for the latest roundup 66 00:03:22,800 --> 00:03:25,760 Speaker 2: of companies making news on Wall Street and for the 67 00:03:25,840 --> 00:03:30,280 Speaker 2: latest market moving headlines. Listen to Bloomberg Radio Live, catch 68 00:03:30,360 --> 00:03:33,839 Speaker 2: us on YouTube, Bloomberg dot com, and on Applecarplay and 69 00:03:33,840 --> 00:03:36,240 Speaker 2: Android Auto with the Bloomberg Business app.