WEBVTT - Nvidia-Intel Deal; Darden Decline; Cracker Barrel Lowers

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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>We're gonna look at some of the stocks and the

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<v Speaker 1>move today with me Lisa Matteo, Paul Sreenium, Tom King,

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<v Speaker 1>Good morning, Lisa Mattel.

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<v Speaker 3>Let me guess du du You got it exactly. Intel

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<v Speaker 3>n Video, That's what we're talking about. It's sticker I

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<v Speaker 3>in TC, Sticker NVDA and the Big Tech news. Yeah,

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<v Speaker 3>Vida investing five billion dollars in Intel plans to cod

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<v Speaker 3>design data center PC chips. So in Video shares have

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<v Speaker 3>been up as much as three percent before the open

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<v Speaker 3>and Intel has been up as much as thirty percent

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<v Speaker 3>before the open. So if you look under the hood,

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<v Speaker 3>Intel is basically going to use in videos graphics technology

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<v Speaker 3>and their upcoming PC chips. Then they're going to provide

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<v Speaker 3>processorss processors easy to say, for data centers, products that

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<v Speaker 3>are built in videos hardware. Okay, so Ed Ludlow, he

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<v Speaker 3>talked about this. It's going to put them in better

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<v Speaker 3>competition with companies like Advanced micro Devices. And this was

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<v Speaker 3>also talked about how it's more kind of good news

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<v Speaker 3>for Intel because they really needed it. I mean, you

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<v Speaker 3>had the US government took a roughly ten percent stake

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<v Speaker 3>in Intel, you had japan Soft Bank, they surprised with

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<v Speaker 3>their own two billion dollar investment. And then Intel's also

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<v Speaker 3>raising cash by selling assets to investors too. So a

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<v Speaker 3>lot to take in this morning. That really came out

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<v Speaker 3>strong this morning. Another stock on the move is restaurant

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<v Speaker 3>operator Darden Restaurants ticker DRII. Their shares have been down

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<v Speaker 3>as much as six percent. Their company, their base in Orlando.

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<v Speaker 3>There were just at earnings for share missed expectations, but

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<v Speaker 3>it also reported a miss on same store sales at

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<v Speaker 3>Olive Garden. That was a big downfall for them. I know, Okay,

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<v Speaker 3>what also fell short? It was as comparable sales growth,

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<v Speaker 3>because that's like that key industry metric. It fell short

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<v Speaker 3>at both Olive Garden but also Long House Course a

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<v Speaker 3>steak steakhouse, and Fellow.

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<v Speaker 1>That's bad.

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<v Speaker 3>I'm not going there.

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<v Speaker 1>I'm going there right now.

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<v Speaker 3>Let's not go there.

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<v Speaker 1>Why are we going to get an email from Long

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<v Speaker 1>Long Horse. That's that's folks, I think. Could I get

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<v Speaker 1>a response from the control room? Was that the worst

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<v Speaker 1>gaff we've ever done. Our global technical director, Yes, save

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<v Speaker 1>us and finish the stock moovers.

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<v Speaker 3>We fun out Cracker Barrel our l shares of town

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<v Speaker 3>eight percent. Yes, the sales guideance mixed expectations. Right, But

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<v Speaker 3>the big thing is that's still in dealing with that

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<v Speaker 3>fallout from that logo change. It's not going away, I know, Paul.

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<v Speaker 3>Even President Trump went in, right, they did stop the

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<v Speaker 3>logo change. They stopped the plans to remodel the restaurants,

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<v Speaker 3>but the company CEO said had already spent twenty million

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<v Speaker 3>dollars on the remodels last year. Okay, now they plan

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<v Speaker 3>to remodel those. Yeah, so they're going to put it

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<v Speaker 3>back to how it used to look after spending that money.

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<v Speaker 3>And since they'd announced that local change, foot traffic of

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<v Speaker 3>the CEO said it fells eight percent. So people did

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<v Speaker 3>stop going back to the rest of trust after that,

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<v Speaker 3>and they said it's expected to fall seven to eight

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<v Speaker 3>percent in the fiscal first quarter.

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<v Speaker 2>The Stock Mover's Report from Bloomberg Radio. Check back with

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