WEBVTT - Boeing, FedEx, Nike

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

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<v Speaker 2>The Stock Movers podcast. This is your roundup of companies

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<v Speaker 2>making news on Wall Street and beyond, harnessing the power

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<v Speaker 2>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>today and with us is Bloomberg News cross Asset reporter

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<v Speaker 1>Denisa Tsikova on Friday's Stock Movers. There were, despite what

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<v Speaker 1>was a kind of funny day again, some significant stocks

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<v Speaker 1>that stood out clearly either up or down today. One

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<v Speaker 1>of the big gainers was Boeing.

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<v Speaker 3>For sure, Boeing was the big news of the day,

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<v Speaker 3>of course, winning the next generation US fighter contract. What

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<v Speaker 3>we saw initially US was six percent jump. Some of

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<v Speaker 3>those gains faded sold the stock close steal three percent higher.

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<v Speaker 3>That was actually enough to push it into ear today

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<v Speaker 3>wins gain instead of ear today losses. So that's a

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<v Speaker 3>small technical thing. What we saw, of course, is we're

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<v Speaker 3>hearing hundreds of billions of door being spent. We're talking

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<v Speaker 3>about that new sixth generation fighter jet. President Trump said

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<v Speaker 3>that this will ensure that the USA continues to dominate

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<v Speaker 3>the skies. Obviously, this has been ongoing for two years.

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<v Speaker 3>It's a really big deal. And on the other side

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<v Speaker 3>of the deal, we have walk Hill Martin, which actually

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<v Speaker 3>had a pretty tough day. They were down nearly six

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<v Speaker 3>percent on the day because of bummer.

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<v Speaker 1>Right, they didn't get the deal.

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<v Speaker 3>They didn't get it, and in twenty twenty two there

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<v Speaker 3>was another contract which they actually get. So there was

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<v Speaker 3>some expectations there.

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<v Speaker 1>But I love the defense area, right, tim Like it's

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<v Speaker 1>always the battle for the contract, and sometimes contracts are

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<v Speaker 1>split among different companies and then other times it's like

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<v Speaker 1>one clear winner and one clear loser.

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<v Speaker 4>Well, I was watching this this from the Oval office

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<v Speaker 4>President Trump along with Pete Haigs at the Defense Secretary.

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<v Speaker 4>This Boeing secret Boeing plan has been flying for the

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<v Speaker 4>last five years. I was looking for pictures of it.

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<v Speaker 4>I couldn't find anything. This thing super secret. I want

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<v Speaker 4>to see this thing.

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<v Speaker 3>There is very little information about the spending as well.

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<v Speaker 3>We heard one hundred billions from the President, but there

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<v Speaker 3>has been other figures that have been out there, so

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<v Speaker 3>it's really hard to tell exactly what's the pun.

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<v Speaker 1>All right, So let's talk about some other decliners. FedEx

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<v Speaker 1>with certainly front and center. We talked about it throughout

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<v Speaker 1>our broadcasts as well. You have to talk about it's

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<v Speaker 1>such a good company to watch a great economic bell Weather.

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<v Speaker 3>Exactly bell Weather. We have weakening consumer affecting them, and

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<v Speaker 3>we have the trade war really affecting them, and all

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<v Speaker 3>those words people are so worried about, like inflation, consumer.

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<v Speaker 3>It's clearly a really good goulge of this. That said,

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<v Speaker 3>it started the day down about twelve percent. Those losses

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<v Speaker 3>were paired to about six percent, so there was some

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<v Speaker 3>relief there. Obviously, the market moved higher as well, so

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<v Speaker 3>that was.

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<v Speaker 2>Part of it.

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<v Speaker 3>The big negative reaction came after the company lord its

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<v Speaker 3>full year guidance for a third consecutive quarter, and it's

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<v Speaker 3>cited inflation, which obviously market participants are very very worried about.

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<v Speaker 3>The company has big exposure to a lot of things

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<v Speaker 3>in the global economy. You can imagine with the trade

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<v Speaker 3>war ongoing and escalating, things get very complicated. And something

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<v Speaker 3>interesting in their outlook said that in their current outlook

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<v Speaker 3>they assume that things don't change, don't worsen, so you

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<v Speaker 3>can imagine if things escalate from here, maybe we can

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<v Speaker 3>see more pain for the company, which is already down

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<v Speaker 3>eighteen percent year to date. Staying on the consumer, yeah,

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<v Speaker 3>Nike again something that we're worried about. The growing trade war.

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<v Speaker 3>That was something that was mentioned. And we have this

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<v Speaker 3>big turnover Nike that has been happening for sometimes. Nike

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<v Speaker 3>shares end of the day five percent lore thanks to

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<v Speaker 3>a subdued outlook with their third quarter results here today

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<v Speaker 3>losses are ten percent. That said, there was a lot

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<v Speaker 3>of optimism. We talked about it quite a few times

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<v Speaker 3>in this few weeks. They have the Schemes campaign, they

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<v Speaker 3>had the Super Bowl ad, so there was like a

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<v Speaker 3>lot of upgrades and people were quite positive on the stock.

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<v Speaker 3>So there is some underlying optimism, but clearly the weak

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<v Speaker 3>consumer backdrop the tariffs are putting pressure on yet another

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<v Speaker 3>retail name.

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<v Speaker 1>Yeah, I keep thinking about that super Bowl ad, right

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<v Speaker 1>all women, and I do think about We were talking

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<v Speaker 1>with our cambassy and about, you know, is Nike still relevant?

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<v Speaker 1>You know, and it seems like their new CEO is

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<v Speaker 1>out there talking to sports you know, to well known

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<v Speaker 1>athletes and thinking about I guess how they are using

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<v Speaker 1>different you know, products from them and how to leverage it.

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<v Speaker 1>So like you can't like count them out yet.

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<v Speaker 3>Yeah, I'm kind of excited about the new collection. I'm

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<v Speaker 3>really spend all my money on gim clothes, so I'm in.

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<v Speaker 1>A Sien's collection.

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<v Speaker 3>Yeah.

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<v Speaker 1>I mean, if you think about right, that partnership, like

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<v Speaker 1>maybe what they can do with it could be pretty

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<v Speaker 1>pretty cool. I think what's interesting too, is that a

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<v Speaker 1>lot of these names that you just talked about. You

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<v Speaker 1>mentioned Nike was down nine percent of lows but finished

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<v Speaker 1>well off that worst level. Same thing for FedEx, so

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<v Speaker 1>we did see that happened maybe in the trade right

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<v Speaker 1>about off the lows for a lot of names today

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<v Speaker 1>for sure, which is good news.

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<v Speaker 2>The Stock Movers podcast from Bloomberg Radio. Check back with

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