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 --> 00:00:16,840 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,000 --> 00:00:18,720 Speaker 3: I'm Carol Masser Long with Tim Steneck. 5 00:00:18,760 --> 00:00:21,079 Speaker 1: Let's get you some stocks on the move, and we 6 00:00:21,160 --> 00:00:24,000 Speaker 1: have in the house of Carmen rhyin Agasey's Bloomberg News 7 00:00:24,000 --> 00:00:24,919 Speaker 1: Equities Reporter. 8 00:00:25,200 --> 00:00:26,400 Speaker 3: You're going to talk about Apple. 9 00:00:27,360 --> 00:00:27,920 Speaker 2: We have to. 10 00:00:28,280 --> 00:00:30,360 Speaker 4: I mean, it's one of the biggest stories in the 11 00:00:30,400 --> 00:00:33,840 Speaker 4: after hours. So earnings beat pretty much across the board, 12 00:00:33,920 --> 00:00:36,720 Speaker 4: especially on things that you know, investors were really looking for, 13 00:00:36,880 --> 00:00:40,560 Speaker 4: so iPhone, iPad, revenue, China, which has been a big 14 00:00:40,880 --> 00:00:43,400 Speaker 4: sort of line item for Apple. 15 00:00:43,720 --> 00:00:45,640 Speaker 3: The shares are up, They've paired a little bit. 16 00:00:45,640 --> 00:00:49,080 Speaker 4: They're up about one point three percent in the after 17 00:00:49,159 --> 00:00:49,920 Speaker 4: hours right now. 18 00:00:49,920 --> 00:00:51,320 Speaker 3: This is ticker AAPL. 19 00:00:51,680 --> 00:00:53,640 Speaker 4: Apple has been one of the biggest laggards in the 20 00:00:53,680 --> 00:00:56,760 Speaker 4: Meg seven this year. It was down seventeen percent at 21 00:00:56,840 --> 00:00:59,560 Speaker 4: market close today, and you know, because it's one of 22 00:00:59,560 --> 00:01:02,080 Speaker 4: the biggest companies in the SMP, it's not a huge drag. 23 00:01:02,160 --> 00:01:04,600 Speaker 4: I mean, obviously we're still at you know, at our 24 00:01:04,640 --> 00:01:06,560 Speaker 4: new record high. So all the other stocks are. You know, 25 00:01:06,600 --> 00:01:09,400 Speaker 4: they're doing the work, but you know, getting this one 26 00:01:09,440 --> 00:01:11,360 Speaker 4: sort of back in the game would be really great. 27 00:01:11,800 --> 00:01:14,720 Speaker 1: Okay, shares Apple in the after hours ahead of the 28 00:01:14,760 --> 00:01:17,720 Speaker 1: call where we're recording this set up about one point 29 00:01:17,720 --> 00:01:21,560 Speaker 1: two percent. Amazon also one that you're watching in the 30 00:01:21,640 --> 00:01:24,160 Speaker 1: after hours, given we just heard from the company as well. 31 00:01:24,600 --> 00:01:26,840 Speaker 4: Yeah, so this one is not looking quite as good. 32 00:01:26,880 --> 00:01:30,440 Speaker 4: It's down two point six percent right now, ticker am Z. 33 00:01:30,760 --> 00:01:33,880 Speaker 4: And really here it's the guide I think that investors 34 00:01:33,880 --> 00:01:38,640 Speaker 4: are reacting to the it's the operating profit for the 35 00:01:38,680 --> 00:01:42,280 Speaker 4: third quarter. It's just less than you know, what investors 36 00:01:42,319 --> 00:01:43,280 Speaker 4: wanted to see. 37 00:01:43,880 --> 00:01:45,480 Speaker 3: Uh And it's really what. 38 00:01:45,560 --> 00:01:48,680 Speaker 4: It's signaling is that there's a worry that Amazon is 39 00:01:48,720 --> 00:01:52,120 Speaker 4: spending too much on AI and that it's cutting into. 40 00:01:51,960 --> 00:01:53,000 Speaker 3: Their profit right. 41 00:01:53,320 --> 00:01:57,120 Speaker 4: And so obviously spending on AI is a huge important 42 00:01:57,120 --> 00:01:58,760 Speaker 4: thing that these companies need to be doing to be 43 00:01:58,840 --> 00:02:01,240 Speaker 4: keeping up. But investors still want to see that return 44 00:02:01,280 --> 00:02:04,240 Speaker 4: on investment. So Amazon dragging a little bit. It's up 45 00:02:04,240 --> 00:02:08,840 Speaker 4: about six point seven percent today year to date, before 46 00:02:09,600 --> 00:02:10,799 Speaker 4: before earnings or. 47 00:02:11,080 --> 00:02:13,960 Speaker 3: In terms of pops after the market closed, just real 48 00:02:14,000 --> 00:02:16,840 Speaker 3: quickly got about thirty seconds Reddit it is take your 49 00:02:16,919 --> 00:02:19,680 Speaker 3: RDDT and it's up about fourteen percent. What's going on? 50 00:02:19,760 --> 00:02:21,480 Speaker 4: Yeah, I wanted to talk about Reddit because this is 51 00:02:21,480 --> 00:02:23,959 Speaker 4: a pretty big move. The company is also sort of 52 00:02:24,000 --> 00:02:27,040 Speaker 4: an AI name because you know, a lot of llms or. 53 00:02:27,000 --> 00:02:28,760 Speaker 3: Whatever use Reddit to train. 54 00:02:28,880 --> 00:02:32,360 Speaker 4: So basically this the company reported its most profitable quarter 55 00:02:32,520 --> 00:02:36,280 Speaker 4: it went public in twenty twenty four, projected third quarter 56 00:02:36,360 --> 00:02:39,359 Speaker 4: quarter sales that beat expectations, and it really single signals 57 00:02:39,400 --> 00:02:42,160 Speaker 4: strength of the advertising business. I think this is also 58 00:02:42,200 --> 00:02:44,360 Speaker 4: really interesting coming after Meta. I was just saying the 59 00:02:44,400 --> 00:02:47,040 Speaker 4: same thing. Definitely a tie there, So we're seeing that 60 00:02:47,080 --> 00:02:49,520 Speaker 4: this is a place where you know, AI is really working. 61 00:02:49,600 --> 00:02:53,280 Speaker 4: And Reddit was basically unchanged year to date at the close, 62 00:02:53,360 --> 00:02:56,840 Speaker 4: so it should be a good a good story tomorrow morning. 63 00:02:58,280 --> 00:03:02,280 Speaker 2: The Stock Mover's report from Bloomberg Radio. Check back with 64 00:03:02,360 --> 00:03:04,919 Speaker 2: us throughout the day for the latest roundup of companies 65 00:03:05,000 --> 00:03:08,120 Speaker 2: making news on Wall Street and for the latest market 66 00:03:08,160 --> 00:03:12,600 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 67 00:03:12,720 --> 00:03:16,200 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 68 00:03:16,280 --> 00:03:17,760 Speaker 2: the Bloomberg Business app.