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 00:00:16,720 --> 00:00:18,919 Speaker 1: We're gonna look at some of the stocks and the 5 00:00:19,000 --> 00:00:23,160 Speaker 1: move today with me Lisa Matteo, Paul Sreenium, Tom King, 6 00:00:23,239 --> 00:00:24,439 Speaker 1: Good morning, Lisa Mattel. 7 00:00:24,720 --> 00:00:28,840 Speaker 3: Let me guess du du You got it exactly. Intel 8 00:00:28,920 --> 00:00:31,200 Speaker 3: n Video, That's what we're talking about. It's sticker I 9 00:00:31,320 --> 00:00:34,760 Speaker 3: in TC, Sticker NVDA and the Big Tech news. Yeah, 10 00:00:34,880 --> 00:00:37,800 Speaker 3: Vida investing five billion dollars in Intel plans to cod 11 00:00:37,840 --> 00:00:41,120 Speaker 3: design data center PC chips. So in Video shares have 12 00:00:41,159 --> 00:00:43,480 Speaker 3: been up as much as three percent before the open 13 00:00:43,479 --> 00:00:45,880 Speaker 3: and Intel has been up as much as thirty percent 14 00:00:45,920 --> 00:00:48,720 Speaker 3: before the open. So if you look under the hood, 15 00:00:48,920 --> 00:00:51,880 Speaker 3: Intel is basically going to use in videos graphics technology 16 00:00:51,880 --> 00:00:54,720 Speaker 3: and their upcoming PC chips. Then they're going to provide 17 00:00:54,800 --> 00:00:59,480 Speaker 3: processorss processors easy to say, for data centers, products that 18 00:00:59,480 --> 00:01:02,680 Speaker 3: are built in videos hardware. Okay, so Ed Ludlow, he 19 00:01:02,760 --> 00:01:04,800 Speaker 3: talked about this. It's going to put them in better 20 00:01:04,880 --> 00:01:09,319 Speaker 3: competition with companies like Advanced micro Devices. And this was 21 00:01:09,360 --> 00:01:12,000 Speaker 3: also talked about how it's more kind of good news 22 00:01:12,040 --> 00:01:14,840 Speaker 3: for Intel because they really needed it. I mean, you 23 00:01:14,880 --> 00:01:17,440 Speaker 3: had the US government took a roughly ten percent stake 24 00:01:17,480 --> 00:01:20,480 Speaker 3: in Intel, you had japan Soft Bank, they surprised with 25 00:01:20,520 --> 00:01:24,000 Speaker 3: their own two billion dollar investment. And then Intel's also 26 00:01:24,080 --> 00:01:26,959 Speaker 3: raising cash by selling assets to investors too. So a 27 00:01:27,000 --> 00:01:29,400 Speaker 3: lot to take in this morning. That really came out 28 00:01:29,800 --> 00:01:32,959 Speaker 3: strong this morning. Another stock on the move is restaurant 29 00:01:32,959 --> 00:01:37,240 Speaker 3: operator Darden Restaurants ticker DRII. Their shares have been down 30 00:01:37,280 --> 00:01:40,480 Speaker 3: as much as six percent. Their company, their base in Orlando. 31 00:01:40,760 --> 00:01:43,280 Speaker 3: There were just at earnings for share missed expectations, but 32 00:01:43,360 --> 00:01:46,280 Speaker 3: it also reported a miss on same store sales at 33 00:01:46,520 --> 00:01:50,960 Speaker 3: Olive Garden. That was a big downfall for them. I know, Okay, 34 00:01:51,000 --> 00:01:54,320 Speaker 3: what also fell short? It was as comparable sales growth, 35 00:01:54,360 --> 00:01:57,400 Speaker 3: because that's like that key industry metric. It fell short 36 00:01:57,400 --> 00:02:00,800 Speaker 3: at both Olive Garden but also Long House Course a 37 00:02:00,840 --> 00:02:02,440 Speaker 3: steak steakhouse, and Fellow. 38 00:02:03,680 --> 00:02:04,200 Speaker 1: That's bad. 39 00:02:04,320 --> 00:02:05,120 Speaker 3: I'm not going there. 40 00:02:05,360 --> 00:02:06,800 Speaker 1: I'm going there right now. 41 00:02:06,880 --> 00:02:07,880 Speaker 3: Let's not go there. 42 00:02:08,800 --> 00:02:11,440 Speaker 1: Why are we going to get an email from Long 43 00:02:11,680 --> 00:02:17,000 Speaker 1: Long Horse. That's that's folks, I think. Could I get 44 00:02:17,000 --> 00:02:19,960 Speaker 1: a response from the control room? Was that the worst 45 00:02:20,040 --> 00:02:25,640 Speaker 1: gaff we've ever done. Our global technical director, Yes, save 46 00:02:25,760 --> 00:02:28,280 Speaker 1: us and finish the stock moovers. 47 00:02:28,280 --> 00:02:34,320 Speaker 3: We fun out Cracker Barrel our l shares of town 48 00:02:34,480 --> 00:02:38,480 Speaker 3: eight percent. Yes, the sales guideance mixed expectations. Right, But 49 00:02:38,520 --> 00:02:40,480 Speaker 3: the big thing is that's still in dealing with that 50 00:02:40,639 --> 00:02:44,640 Speaker 3: fallout from that logo change. It's not going away, I know, Paul. 51 00:02:45,240 --> 00:02:48,400 Speaker 3: Even President Trump went in, right, they did stop the 52 00:02:48,440 --> 00:02:51,799 Speaker 3: logo change. They stopped the plans to remodel the restaurants, 53 00:02:51,960 --> 00:02:55,079 Speaker 3: but the company CEO said had already spent twenty million 54 00:02:55,280 --> 00:02:58,320 Speaker 3: dollars on the remodels last year. Okay, now they plan 55 00:02:58,440 --> 00:03:02,840 Speaker 3: to remodel those. Yeah, so they're going to put it 56 00:03:02,880 --> 00:03:05,840 Speaker 3: back to how it used to look after spending that money. 57 00:03:06,760 --> 00:03:09,959 Speaker 3: And since they'd announced that local change, foot traffic of 58 00:03:09,960 --> 00:03:12,560 Speaker 3: the CEO said it fells eight percent. So people did 59 00:03:12,639 --> 00:03:15,280 Speaker 3: stop going back to the rest of trust after that, 60 00:03:15,960 --> 00:03:18,160 Speaker 3: and they said it's expected to fall seven to eight 61 00:03:18,200 --> 00:03:19,760 Speaker 3: percent in the fiscal first quarter. 62 00:03:20,760 --> 00:03:24,800 Speaker 2: The Stock Mover's Report from Bloomberg Radio. Check back with 63 00:03:24,880 --> 00:03:27,440 Speaker 2: us throughout the day for the latest roundup of companies 64 00:03:27,520 --> 00:03:30,640 Speaker 2: making news on Wall Street and for the latest market 65 00:03:30,639 --> 00:03:35,120 Speaker 2: moving headlines. 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