1 00:00:02,520 --> 00:00:10,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast, 2 00:00:10,800 --> 00:00:14,040 Speaker 1: your roundup of companies making moves in the stock market. 3 00:00:14,240 --> 00:00:16,759 Speaker 1: Harnessing the power of Bloomberg Data. 4 00:00:18,000 --> 00:00:20,639 Speaker 2: In the depths of the earning season, stock mover is 5 00:00:20,680 --> 00:00:23,640 Speaker 2: ever more important right now. Lisa Manteo, all right, we'll 6 00:00:23,640 --> 00:00:25,799 Speaker 2: start with super micro Computer because their shares have been 7 00:00:25,840 --> 00:00:29,280 Speaker 2: down as much as eighteen percent before the open, and 8 00:00:29,320 --> 00:00:31,319 Speaker 2: this is a sign that it's comeback plan that it 9 00:00:31,400 --> 00:00:34,360 Speaker 2: was really talking about is a little bit slow. Preliminary 10 00:00:34,400 --> 00:00:37,360 Speaker 2: results missed estimates, just a specific sales four and a 11 00:00:37,400 --> 00:00:39,800 Speaker 2: half billion to four point six billion in the fiscal 12 00:00:39,840 --> 00:00:42,199 Speaker 2: third quarter. But the thing is that this is a 13 00:00:42,200 --> 00:00:44,159 Speaker 2: company that was an AI favorite for a lot of 14 00:00:44,200 --> 00:00:46,839 Speaker 2: investors because it saw this spike in demand for servers 15 00:00:46,840 --> 00:00:49,879 Speaker 2: with these high powered chips that really needed to run 16 00:00:49,920 --> 00:00:52,800 Speaker 2: the AI workloads. Is it a meme stock? Is it? 17 00:00:52,920 --> 00:00:53,159 Speaker 1: Me? Me? 18 00:00:54,080 --> 00:00:55,440 Speaker 2: I didn't think it was mem I think it was 19 00:00:55,480 --> 00:00:58,960 Speaker 2: just a whole tech aspect of it. But the problem 20 00:00:59,080 --> 00:01:01,280 Speaker 2: is is that now they're saying that a lot of 21 00:01:01,280 --> 00:01:05,880 Speaker 2: customers are delaying their purchases, so that's pushing the shares 22 00:01:05,920 --> 00:01:07,960 Speaker 2: lower this morning. So that's a difference network. So what's 23 00:01:07,959 --> 00:01:12,040 Speaker 2: it mean for Apple and Microsoft run for government? Does 24 00:01:12,120 --> 00:01:13,360 Speaker 2: Lisa know something we don't know? 25 00:01:13,440 --> 00:01:15,480 Speaker 1: Maybe Pa Sure next. 26 00:01:15,319 --> 00:01:18,960 Speaker 2: Reached Elsey and Snap this is my kids are on 27 00:01:19,000 --> 00:01:21,640 Speaker 2: the Snapchat app a lot. I gotta tell you this 28 00:01:21,800 --> 00:01:24,360 Speaker 2: social media app. The shares are off as much as 29 00:01:24,480 --> 00:01:28,039 Speaker 2: fourteen percent, so it narrowly beat analyssessments for the quarter. 30 00:01:28,080 --> 00:01:31,720 Speaker 2: Revenue did not issue a sales forecast for the current period. 31 00:01:32,040 --> 00:01:34,440 Speaker 2: So commonly talked about things, right, We've heard about it. 32 00:01:34,440 --> 00:01:37,959 Speaker 2: They all say macroeconomic headwinds, economic volatility, but the real 33 00:01:38,000 --> 00:01:42,440 Speaker 2: problem for them were advertisers pulling back their spending. So 34 00:01:42,680 --> 00:01:46,600 Speaker 2: that's their issue discretion, Yeah, it definitely is. The Trump 35 00:01:46,640 --> 00:01:49,640 Speaker 2: administration had those They change the rule that exempts the 36 00:01:49,680 --> 00:01:51,840 Speaker 2: imports from China Hong Kong for towers that are worse 37 00:01:52,000 --> 00:01:54,920 Speaker 2: less than eight hundred dollars, so that changes starting in May. 38 00:01:54,960 --> 00:01:56,800 Speaker 2: So that's going to be a factor. 39 00:01:56,880 --> 00:02:00,800 Speaker 1: Bloomberg serving clarification Snap is not affiliated. 40 00:02:01,440 --> 00:02:06,120 Speaker 2: Was snap On incorporated a Kenoshia wisconsole. That's or Lisa 41 00:02:06,160 --> 00:02:13,760 Speaker 2: Matteofisers socket wrenches, Good morning, snap On tools new and 42 00:02:13,800 --> 00:02:17,720 Speaker 2: then I want to move to Starbucks another favorite? Yes, yes, 43 00:02:19,040 --> 00:02:21,720 Speaker 2: So the thing is is that. You know, the chief officer, 44 00:02:21,760 --> 00:02:23,639 Speaker 2: Brian Nickel, he's been put in this business right trying 45 00:02:23,639 --> 00:02:26,200 Speaker 2: to turn around the company. Earnings per share miss same 46 00:02:26,200 --> 00:02:29,440 Speaker 2: store sales declined, but he says they're showing a lot 47 00:02:29,480 --> 00:02:33,440 Speaker 2: of behind the scenes progress. You know, if you walked 48 00:02:33,440 --> 00:02:36,040 Speaker 2: into a Starbucks lately, you've seen they've kind of changed 49 00:02:36,040 --> 00:02:38,880 Speaker 2: the cafes. They're trying to make them more welcoming. They're 50 00:02:38,919 --> 00:02:41,320 Speaker 2: doodling again. You pointed out on the on the on 51 00:02:41,360 --> 00:02:43,480 Speaker 2: the cups a little bit, going back to how that 52 00:02:43,720 --> 00:02:45,400 Speaker 2: used to be. You know, that made you feel good 53 00:02:45,400 --> 00:02:47,280 Speaker 2: when you came in and you got your cup of coffee. 54 00:02:47,440 --> 00:02:52,720 Speaker 2: Do they want unemployed offspring with their laptops sitting in 55 00:02:52,760 --> 00:02:55,840 Speaker 2: a Starbucks for six hours? I think they're trying to 56 00:02:55,840 --> 00:02:58,280 Speaker 2: get back to it because what they were doing is 57 00:02:58,320 --> 00:03:00,799 Speaker 2: going to these smaller types stores. They were going to 58 00:03:00,840 --> 00:03:03,000 Speaker 2: the smaller ones where it's just a drive through, and 59 00:03:03,040 --> 00:03:05,080 Speaker 2: now they're trying to expand on little the one. I 60 00:03:05,120 --> 00:03:12,760 Speaker 2: go to thirty five Wall Township, Jersey, awesome store. Everybody's 61 00:03:12,800 --> 00:03:14,760 Speaker 2: in the drive through. There's twenty cars in the drive through. 62 00:03:14,800 --> 00:03:17,040 Speaker 2: I went at Park, I walk in, I talked to 63 00:03:17,080 --> 00:03:19,840 Speaker 2: a nice young person, I order my drink. A minute 64 00:03:19,880 --> 00:03:23,080 Speaker 2: later it's there. It was black coffee. What's that You're 65 00:03:23,120 --> 00:03:25,600 Speaker 2: having a black corm having a double short moket And 66 00:03:25,639 --> 00:03:30,120 Speaker 2: that's how That's how I rolled. Then I'll spend without 67 00:03:30,120 --> 00:03:34,840 Speaker 2: the baisies. Yeah, exactly one more squeezing, but I do okay. 68 00:03:34,880 --> 00:03:37,400 Speaker 2: So for all the cruisers out there who go in there, rich, 69 00:03:37,440 --> 00:03:40,480 Speaker 2: thank you very much. They're Norwegian cruise design down as 70 00:03:40,560 --> 00:03:43,200 Speaker 2: much as twenty percent in pre market. Now you remember 71 00:03:43,360 --> 00:03:45,840 Speaker 2: yesterday right, you had Royal Caribbean. They said the cruise 72 00:03:45,840 --> 00:03:49,119 Speaker 2: industry is booming, it's great. Carnival last month said they're 73 00:03:49,120 --> 00:03:52,800 Speaker 2: giving an upbeat outlook. Norwegian says Demanda is falling off. 74 00:03:53,280 --> 00:03:55,800 Speaker 2: So they see us softening their twelve months forward bookings. 75 00:03:55,800 --> 00:03:58,720 Speaker 2: It says ticket sales are kind of within that optimal range. 76 00:03:59,080 --> 00:04:01,720 Speaker 2: It did maintain it's full of your targets, but it's 77 00:04:01,720 --> 00:04:04,560 Speaker 2: fully shares of Carnival ower this morning too. And if 78 00:04:04,560 --> 00:04:06,560 Speaker 2: you think about it, the airline industry, you know you've 79 00:04:06,560 --> 00:04:10,360 Speaker 2: seen the whole travel kind of spectrum HISTORYNUS cruise no 80 00:04:10,360 --> 00:04:14,560 Speaker 2: matter what, yeahses like he doesn't c places that no 81 00:04:14,640 --> 00:04:15,320 Speaker 2: one wants to live. 82 00:04:16,920 --> 00:04:21,039 Speaker 1: The stock movers podcast from Bloomberg Radio. Check back with 83 00:04:21,160 --> 00:04:23,919 Speaker 1: us throughout the day for the latest roundup of companies 84 00:04:23,960 --> 00:04:27,000 Speaker 1: making news on Wall Street, and for the latest market 85 00:04:27,040 --> 00:04:31,400 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 86 00:04:31,440 --> 00:04:34,680 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 87 00:04:34,760 --> 00:04:36,200 Speaker 1: the Bloomberg Business app.