1 00:00:02,520 --> 00:00:10,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast, 2 00:00:10,800 --> 00:00:14,040 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:14,240 --> 00:00:16,480 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:17,800 --> 00:00:21,240 Speaker 2: One Time King with Paul Sween and Lisa Matteo leading 5 00:00:21,280 --> 00:00:26,080 Speaker 2: to charge Don't don't forget stock Movers. It's a podcast, Lisa, 6 00:00:26,120 --> 00:00:28,159 Speaker 2: what do you have? Okay, we're starting with retail. I 7 00:00:28,160 --> 00:00:31,400 Speaker 2: want to go to Gap. It's Tacker Gap. The shares 8 00:00:31,440 --> 00:00:34,519 Speaker 2: have been down as much as fifteen percent before the bell, 9 00:00:34,640 --> 00:00:37,040 Speaker 2: so really taking a hit. It predicted this tariff impact 10 00:00:37,040 --> 00:00:40,239 Speaker 2: about for three hundred million dollars higher than expected. It 11 00:00:40,320 --> 00:00:42,400 Speaker 2: said it has strategies to kind of mitigate more than 12 00:00:42,440 --> 00:00:45,600 Speaker 2: half of that cost, but it didn't mention accounting for 13 00:00:45,880 --> 00:00:49,720 Speaker 2: price increases to offset the levies. As far as the guidance, 14 00:00:49,720 --> 00:00:52,040 Speaker 2: people always ask what's the guidance, So it reiterated its 15 00:00:52,040 --> 00:00:55,440 Speaker 2: guidance this year for sales operating income that doesn't include 16 00:00:55,440 --> 00:00:58,720 Speaker 2: that potential impact of any duties. It talked about weakness 17 00:00:58,720 --> 00:01:01,640 Speaker 2: at Banana Republic. That's their brand. It has the highest 18 00:01:01,680 --> 00:01:06,319 Speaker 2: price price point, very fancy. Also Athleta didn't do that well, 19 00:01:06,360 --> 00:01:10,360 Speaker 2: that's the ath leisure keyer side of it. But what 20 00:01:10,440 --> 00:01:13,559 Speaker 2: did do well was Old Navy and Gap. They did better. 21 00:01:14,280 --> 00:01:15,959 Speaker 2: So it looks like the higher end are not working 22 00:01:16,000 --> 00:01:17,560 Speaker 2: so well, but the Old Navy and Gap, which are 23 00:01:17,600 --> 00:01:20,120 Speaker 2: a little bit more affordable, those are starting to do 24 00:01:20,160 --> 00:01:23,959 Speaker 2: better as far as retail. Also in retail, it hits 25 00:01:24,040 --> 00:01:28,240 Speaker 2: my buddy Costco. Okay, so cost ticker, Yes, shares a 26 00:01:28,280 --> 00:01:31,880 Speaker 2: been little change though better than expected earnings. Right. A 27 00:01:31,920 --> 00:01:35,039 Speaker 2: lot of consumer facing companies posted soft results lately. We've 28 00:01:35,040 --> 00:01:37,600 Speaker 2: heard from Target, right, Procter, and Gamble craft times. They 29 00:01:37,640 --> 00:01:40,760 Speaker 2: all slashed our annual outlooks. Walmart did. Walmart did have 30 00:01:40,800 --> 00:01:44,039 Speaker 2: those strong results. So how is it kind of navigating 31 00:01:44,080 --> 00:01:47,040 Speaker 2: around tariffs? Because that's what everyone's talking about. They're they're 32 00:01:47,040 --> 00:01:51,960 Speaker 2: rerouting their goods, right, They're sourcing more locally items like mattresses, pillows. 33 00:01:52,360 --> 00:01:56,000 Speaker 2: They're looking at potential price change. Mattress at Costco. 34 00:01:56,440 --> 00:01:56,720 Speaker 1: Yeah. 35 00:01:56,760 --> 00:02:00,680 Speaker 2: Actually it comes in a box and you open it 36 00:02:00,480 --> 00:02:02,840 Speaker 2: and it and it fluffs right up. So yeah, that 37 00:02:02,960 --> 00:02:08,480 Speaker 2: again it does and it pulls right up. Yes, return 38 00:02:08,800 --> 00:02:14,200 Speaker 2: Costco doug twenty three point seven percent per year. 39 00:02:14,400 --> 00:02:19,440 Speaker 1: Sure do we talk about Apple or Microsoft Video. 40 00:02:19,560 --> 00:02:23,919 Speaker 2: It's the of retail and leases leading the charge. Yep, wow, 41 00:02:24,240 --> 00:02:26,639 Speaker 2: But what will they start to raise their prices? That's 42 00:02:26,680 --> 00:02:28,920 Speaker 2: the whole question. Will they start to do it? And 43 00:02:29,080 --> 00:02:31,600 Speaker 2: it's in my comments. Later this year it's still a 44 00:02:31,639 --> 00:02:35,000 Speaker 2: dollar fifty with with the soda, So next its still 45 00:02:35,400 --> 00:02:38,639 Speaker 2: We'll go to tech now. Dell ticker d E l 46 00:02:38,800 --> 00:02:41,320 Speaker 2: L it gave this profit ALEC for the year exceeded 47 00:02:41,639 --> 00:02:43,760 Speaker 2: estimates right. It said it has a big grease in 48 00:02:43,919 --> 00:02:46,919 Speaker 2: orders for servers to run AI networks. That is their 49 00:02:46,960 --> 00:02:50,680 Speaker 2: granddaddy really benefited from that. It's used by customers like 50 00:02:50,800 --> 00:02:53,640 Speaker 2: Elon musk x Ai. They use it, Core Weave use 51 00:02:53,680 --> 00:02:56,600 Speaker 2: it in their data centers. Another bonus they had. The 52 00:02:56,680 --> 00:02:59,160 Speaker 2: US Department of Energy said that they contracted with Dell 53 00:02:59,320 --> 00:03:02,840 Speaker 2: and Nvidia to build this super computer for the National 54 00:03:02,960 --> 00:03:06,760 Speaker 2: Energy Research Scientific Computing Center. It shares though they were 55 00:03:06,840 --> 00:03:09,960 Speaker 2: up about one percent. Now they're trending just a take lower. 56 00:03:10,680 --> 00:03:12,680 Speaker 2: And finally, I want to bring it since it's Friday. 57 00:03:12,680 --> 00:03:15,440 Speaker 2: Hey Burger Chain, red Robbit, I am king, I am 58 00:03:16,000 --> 00:03:18,600 Speaker 2: I am way deep into their website here. I had 59 00:03:18,760 --> 00:03:21,280 Speaker 2: never been, but it looks like my kind of place here. 60 00:03:21,400 --> 00:03:22,919 Speaker 2: I mean, it's think of it as like if you 61 00:03:23,080 --> 00:03:26,600 Speaker 2: like Applebee's or anything like that. Chili's is kind of 62 00:03:26,639 --> 00:03:29,320 Speaker 2: around the savor being, but their shares are have been 63 00:03:29,400 --> 00:03:33,080 Speaker 2: up thirty seven percent before the bell, so a big 64 00:03:33,160 --> 00:03:35,760 Speaker 2: comeback because this chain has been struggling a little bit. 65 00:03:35,840 --> 00:03:38,520 Speaker 2: So they are just at earnings per share. Haystacked nineteen 66 00:03:38,560 --> 00:03:42,480 Speaker 2: cents for the first quarter. Yeah what hastack double chooses 67 00:03:42,520 --> 00:03:44,720 Speaker 2: the new barrel to crack. Oh it is it is? 68 00:03:45,240 --> 00:03:48,720 Speaker 2: I am you have to It's National Burger, Monte, American Cheese, 69 00:03:48,760 --> 00:03:52,600 Speaker 2: Campfire mail and Cushbug on Stock Movers. We need to 70 00:03:52,600 --> 00:03:56,200 Speaker 2: cover this, Lisa Matteo. When was the last time you 71 00:03:56,320 --> 00:03:59,560 Speaker 2: had a hamburger? This past weekend, I did, really, I 72 00:03:59,600 --> 00:04:04,880 Speaker 2: did a smash burger. Oh you shopping center that is 73 00:04:04,920 --> 00:04:07,600 Speaker 2: smash Burger. It was dsh with some sweet potato fries, 74 00:04:07,720 --> 00:04:11,120 Speaker 2: and Ken from the Peanut Gallery says the one with 75 00:04:11,160 --> 00:04:12,920 Speaker 2: the egg is the one is the way to go 76 00:04:12,960 --> 00:04:16,800 Speaker 2: at Red Rob, Red Robin, that's something to do to. 77 00:04:15,920 --> 00:04:20,039 Speaker 1: The Stock Movers podcast from Bloomberg Radio. Check back with 78 00:04:20,160 --> 00:04:22,919 Speaker 1: us throughout the day for the latest roundup of companies 79 00:04:22,920 --> 00:04:26,000 Speaker 1: making news on Wall Street and for the latest market 80 00:04:26,000 --> 00:04:30,359 Speaker 1: moving headlines. Listen to Bloomberg Radio live. Catch us on YouTube, 81 00:04:30,440 --> 00:04:33,680 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 82 00:04:33,760 --> 00:04:35,200 Speaker 1: the Bloomberg Business app.