1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,040 --> 00:00:18,920 Speaker 1: Let's take a look at some stocks on the move. 5 00:00:19,040 --> 00:00:20,840 Speaker 1: We want to dig into them a little bit more. 6 00:00:20,880 --> 00:00:24,200 Speaker 1: And for our market movers right now, Lisa Matteo has. 7 00:00:24,360 --> 00:00:27,639 Speaker 3: All right, so let's start with Delta ticker DAL. So 8 00:00:27,680 --> 00:00:29,520 Speaker 3: their shares have been up as much as five percent, 9 00:00:29,760 --> 00:00:32,400 Speaker 3: so basically better than expected earnings. It says it can 10 00:00:32,440 --> 00:00:35,199 Speaker 3: seize that continues strong demand into next year. So the 11 00:00:35,240 --> 00:00:38,760 Speaker 3: thing is, they say leisure travelers are spending more premium seats, 12 00:00:38,800 --> 00:00:41,199 Speaker 3: so they're putting big money on that more corporate travelers. 13 00:00:41,200 --> 00:00:43,360 Speaker 3: On top of it, it's CEO Ed Bashian saying, you 14 00:00:43,400 --> 00:00:46,360 Speaker 3: know what, the customer is financially in a good spot. 15 00:00:46,680 --> 00:00:48,720 Speaker 3: He even said, we've been talking about the government shutdown. 16 00:00:48,760 --> 00:00:51,440 Speaker 3: He said, it's not really affecting the airlines that much. 17 00:00:51,680 --> 00:00:54,440 Speaker 3: He says that they're operating as normal, no increase in 18 00:00:54,480 --> 00:00:58,560 Speaker 3: delays or cancelation. So he touched upon that too. Delta United, 19 00:00:58,560 --> 00:01:01,280 Speaker 3: they've been pushing these premium product, like the more expensive ones, 20 00:01:01,320 --> 00:01:03,720 Speaker 3: not only in the cabin but on the ground two, 21 00:01:03,880 --> 00:01:06,039 Speaker 3: so they're kind of pushing to be this more. I 22 00:01:06,040 --> 00:01:11,160 Speaker 3: guess luxury focused airline and American Airlines United Airlines like 23 00:01:11,319 --> 00:01:16,240 Speaker 3: different shares are also gaining two on this news all right, Pepsi, yes, okay, 24 00:01:16,240 --> 00:01:18,920 Speaker 3: you talk about this pep The ticker share has been 25 00:01:19,000 --> 00:01:22,080 Speaker 3: up more than two percent, so stronger than expected net revenue. 26 00:01:22,160 --> 00:01:22,240 Speaker 1: Right. 27 00:01:22,240 --> 00:01:25,560 Speaker 3: They own Lays, Gatoride, Quaker brands, but their North American 28 00:01:25,600 --> 00:01:28,000 Speaker 3: beverage unit that is what's that's showing the signs of 29 00:01:28,000 --> 00:01:31,200 Speaker 3: a turnaround. So two percent growth, it's strongest growth in 30 00:01:31,240 --> 00:01:34,360 Speaker 3: two years. Strength and Pepsi and Q three. That was 31 00:01:34,400 --> 00:01:37,520 Speaker 3: thanks to the zero sugar soda, so people going for 32 00:01:37,560 --> 00:01:40,800 Speaker 3: the zero sugar one. But also helping is Poppy. I'm 33 00:01:40,840 --> 00:01:42,760 Speaker 3: not sure if you guys have tried it, but it's 34 00:01:42,800 --> 00:01:45,520 Speaker 3: this prebiotic soda, you know, fruit juice. 35 00:01:45,240 --> 00:01:47,920 Speaker 1: Aside, it still tastes like so yes. 36 00:01:48,120 --> 00:01:49,600 Speaker 3: Yes, I do have to say that. I know my 37 00:01:49,720 --> 00:01:52,520 Speaker 3: daughter's into it. I haven't I've tried it, but it 38 00:01:52,560 --> 00:01:54,640 Speaker 3: is it is. You're right, you hit the nail on 39 00:01:54,680 --> 00:01:56,240 Speaker 3: that one. It's still a little bit sweet for me. 40 00:01:57,040 --> 00:02:00,680 Speaker 3: I like the kombucha instead to say, but They've been 41 00:02:00,760 --> 00:02:04,240 Speaker 3: a lot of pressure from Elliot Investment Management too, and 42 00:02:04,280 --> 00:02:06,600 Speaker 3: a lot of pressure too about processed foods, the whole 43 00:02:06,640 --> 00:02:09,600 Speaker 3: negative talk about it at artificial colors. So they've been 44 00:02:09,600 --> 00:02:13,320 Speaker 3: introducing like different products, you know, Doritos and Cheetos, NKD. 45 00:02:13,560 --> 00:02:16,160 Speaker 3: I guess it's naked. I don't know, without artificial colors 46 00:02:16,280 --> 00:02:19,520 Speaker 3: or flavors. And then they have high protein offerings, right, 47 00:02:19,560 --> 00:02:23,119 Speaker 3: they have Dorito's protein and meat snacks too, so they're 48 00:02:23,160 --> 00:02:25,280 Speaker 3: trying to introduce new things go at the times. They 49 00:02:25,280 --> 00:02:27,560 Speaker 3: also announced the retirement of their CFO, so a lot 50 00:02:27,600 --> 00:02:28,560 Speaker 3: going on of we're PEPSI. 51 00:02:28,720 --> 00:02:31,160 Speaker 1: You said meat snacks and I thought of Homer Simpsons 52 00:02:31,200 --> 00:02:36,720 Speaker 1: meat snacks. Let's talk about the opposite of Homer Simpson. 53 00:02:36,880 --> 00:02:41,120 Speaker 3: Yes, okay, raising away, Ferrari sank the most since twenty sixteen. 54 00:02:41,120 --> 00:02:43,600 Speaker 3: Their shares so they've been down as much as fifteen percent. 55 00:02:43,880 --> 00:02:46,440 Speaker 3: The expectations were high, they just didn't deliver. They gave 56 00:02:46,480 --> 00:02:50,360 Speaker 3: this cautious forecast. Investors in and like it. Slower earnings 57 00:02:50,360 --> 00:02:53,600 Speaker 3: great than what management offered during their first of their 58 00:02:53,680 --> 00:02:55,760 Speaker 3: last capital markets to day, which was three years ago. 59 00:02:56,160 --> 00:02:58,919 Speaker 3: So they scale back plans to make evs and this 60 00:02:58,960 --> 00:03:01,600 Speaker 3: is even after they vail that first EV, the Electrica 61 00:03:01,639 --> 00:03:04,920 Speaker 3: that's just set to debut next year. So all electric 62 00:03:05,000 --> 00:03:06,720 Speaker 3: models are going to make up about twenty percent of 63 00:03:06,720 --> 00:03:09,240 Speaker 3: the lineup by twenty thirty, and that's down from a 64 00:03:09,240 --> 00:03:11,880 Speaker 3: previous target of forty percent, So a big difference there. 65 00:03:11,919 --> 00:03:14,079 Speaker 3: But I mean it's not just Ferrari have Porsia, Mercedes 66 00:03:14,080 --> 00:03:17,120 Speaker 3: Benzeve also kind of struggling with that electric transition too. 67 00:03:17,200 --> 00:03:21,760 Speaker 2: On top of it the Stock Movers Report from Bloomberg Radio. 68 00:03:22,280 --> 00:03:24,440 Speaker 2: Check back with us throughout the day for the latest 69 00:03:24,480 --> 00:03:27,680 Speaker 2: roundup of companies making news on Wall Street and for 70 00:03:27,760 --> 00:03:31,720 Speaker 2: the latest market moving headlines. 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