WEBVTT - SpaceX Set to Fall; Accenture Sinks; Take Two Climbs on GTA Update

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

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>Let's see some individual stocks on the move and we

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<v Speaker 1>can do that with Avlon Parnell for Bloomberg News.

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<v Speaker 2>And what are you looking at?

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<v Speaker 1>You have to start off with SpaceX. That's ticker SPCX

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<v Speaker 1>currently slighting about five point seven percent, on track to

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<v Speaker 1>fall for its second straight day after it's forty nine

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<v Speaker 1>percent run after that record. IPO investors are telling us

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<v Speaker 1>that volatility is likely to continue as the market's wigh

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<v Speaker 1>those lofty expectations for future revenue with no real clarity

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<v Speaker 1>on how exactly SpaceX will achieve. It still worth noting

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<v Speaker 1>that this isn't completely out of the norm. If you remember,

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<v Speaker 1>Meta did plunge more than thirty percent in their first

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<v Speaker 1>year after a similarly record breaking rise.

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<v Speaker 2>All right, what else we got here?

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<v Speaker 1>Accenture that's ticker ACN. Definitely not a great day there,

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<v Speaker 1>thinking about fifteen percent, most in today since two thousand

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<v Speaker 1>and eight, and that's after the consulting and IT services

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<v Speaker 1>provider gave a fourth quarter bookings forecast that fell short

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<v Speaker 1>of expectations, Baird highlighting that while the pullback and full

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<v Speaker 1>your guidance seems a bit excessive to them, it does

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<v Speaker 1>fit investors fear of the AI thesis. And also worth

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<v Speaker 1>noting that we've already been seeing to layoffs in start

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<v Speaker 1>date deferrals at other consulting firms like McKenzie, PwC, Deloitte

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<v Speaker 1>Ey And it's going to be really interesting to see

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<v Speaker 1>how exactly Accenture will move forward from here.

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<v Speaker 2>Yeah, kind of painful. Fifteen percent drop, all right?

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<v Speaker 1>Last one take two interactive software that's ticker TTWO currently

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<v Speaker 1>climbing about four point four percent to hit its highest

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<v Speaker 1>interday level in nearly a month, and that's after Rockstar

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<v Speaker 1>Games said that Grand Theft Auto six pre orders will

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<v Speaker 1>begin on June twenty fifth. This has been a game

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<v Speaker 1>that they have really really been wanting to have, especially

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<v Speaker 1>for gamers, and Grand Theft Auto came out in twenty thirteen,

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<v Speaker 1>so they've been waiting for quite some time. I'm hyper

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<v Speaker 1>Sandler saying earlier this week that they expect forty three

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<v Speaker 1>million unit sales once a game does ends up launching.

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<v Speaker 2>The stockmover's report from Bloomberg Radio check back with us

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<v Speaker 2>throughout the day for the latest roundup of companies making

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<v Speaker 2>news on Wall Street, and for the latest market moving headlines.

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