WEBVTT - Delta Gains, PepsiCo Rises, Ferrari Sinks on Cautious Forecasts

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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 take a look at some stocks on the move.

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<v Speaker 1>We want to dig into them a little bit more.

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<v Speaker 1>And for our market movers right now, Lisa Matteo has.

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<v Speaker 3>All right, so let's start with Delta ticker DAL. So

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<v Speaker 3>their shares have been up as much as five percent,

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<v Speaker 3>so basically better than expected earnings. It says it can

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<v Speaker 3>seize that continues strong demand into next year. So the

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<v Speaker 3>thing is, they say leisure travelers are spending more premium seats,

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<v Speaker 3>so they're putting big money on that more corporate travelers.

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<v Speaker 3>On top of it, it's CEO Ed Bashian saying, you

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<v Speaker 3>know what, the customer is financially in a good spot.

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<v Speaker 3>He even said, we've been talking about the government shutdown.

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<v Speaker 3>He said, it's not really affecting the airlines that much.

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<v Speaker 3>He says that they're operating as normal, no increase in

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<v Speaker 3>delays or cancelation. So he touched upon that too. Delta United,

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<v Speaker 3>they've been pushing these premium product, like the more expensive ones,

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<v Speaker 3>not only in the cabin but on the ground two,

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<v Speaker 3>so they're kind of pushing to be this more. I

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<v Speaker 3>guess luxury focused airline and American Airlines United Airlines like

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<v Speaker 3>different shares are also gaining two on this news all right, Pepsi, yes, okay,

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<v Speaker 3>you talk about this pep The ticker share has been

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<v Speaker 3>up more than two percent, so stronger than expected net revenue.

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<v Speaker 1>Right.

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<v Speaker 3>They own Lays, Gatoride, Quaker brands, but their North American

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<v Speaker 3>beverage unit that is what's that's showing the signs of

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<v Speaker 3>a turnaround. So two percent growth, it's strongest growth in

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<v Speaker 3>two years. Strength and Pepsi and Q three. That was

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<v Speaker 3>thanks to the zero sugar soda, so people going for

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<v Speaker 3>the zero sugar one. But also helping is Poppy. I'm

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<v Speaker 3>not sure if you guys have tried it, but it's

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<v Speaker 3>this prebiotic soda, you know, fruit juice.

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<v Speaker 1>Aside, it still tastes like so yes.

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<v Speaker 3>Yes, I do have to say that. I know my

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<v Speaker 3>daughter's into it. I haven't I've tried it, but it

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<v Speaker 3>is it is. You're right, you hit the nail on

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<v Speaker 3>that one. It's still a little bit sweet for me.

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<v Speaker 3>I like the kombucha instead to say, but They've been

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<v Speaker 3>a lot of pressure from Elliot Investment Management too, and

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<v Speaker 3>a lot of pressure too about processed foods, the whole

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<v Speaker 3>negative talk about it at artificial colors. So they've been

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<v Speaker 3>introducing like different products, you know, Doritos and Cheetos, NKD.

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<v Speaker 3>I guess it's naked. I don't know, without artificial colors

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<v Speaker 3>or flavors. And then they have high protein offerings, right,

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<v Speaker 3>they have Dorito's protein and meat snacks too, so they're

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<v Speaker 3>trying to introduce new things go at the times. They

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<v Speaker 3>also announced the retirement of their CFO, so a lot

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<v Speaker 3>going on of we're PEPSI.

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<v Speaker 1>You said meat snacks and I thought of Homer Simpsons

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<v Speaker 1>meat snacks. Let's talk about the opposite of Homer Simpson.

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<v Speaker 3>Yes, okay, raising away, Ferrari sank the most since twenty sixteen.

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<v Speaker 3>Their shares so they've been down as much as fifteen percent.

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<v Speaker 3>The expectations were high, they just didn't deliver. They gave

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<v Speaker 3>this cautious forecast. Investors in and like it. Slower earnings

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<v Speaker 3>great than what management offered during their first of their

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<v Speaker 3>last capital markets to day, which was three years ago.

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<v Speaker 3>So they scale back plans to make evs and this

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<v Speaker 3>is even after they vail that first EV, the Electrica

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<v Speaker 3>that's just set to debut next year. So all electric

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<v Speaker 3>models are going to make up about twenty percent of

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<v Speaker 3>the lineup by twenty thirty, and that's down from a

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<v Speaker 3>previous target of forty percent, So a big difference there.

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<v Speaker 3>But I mean it's not just Ferrari have Porsia, Mercedes

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<v Speaker 3>Benzeve also kind of struggling with that electric transition too.

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<v Speaker 2>On top of it the Stock Movers Report from Bloomberg Radio.

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