1 00:00:02,520 --> 00:00:09,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:16,640 Speaker 2: the stock market, harnessing the power of Bloomberg. 4 00:00:16,200 --> 00:00:20,159 Speaker 3: Data Alex Field alongside Paul Sweeney, Let's get to some 5 00:00:20,200 --> 00:00:24,800 Speaker 3: of the market drivers within the overall indices. Here Bloomberg 6 00:00:24,800 --> 00:00:26,560 Speaker 3: Cross a reporter Isabeli. 7 00:00:26,800 --> 00:00:28,400 Speaker 1: Is joining us. All right, what are you looking at? 8 00:00:28,640 --> 00:00:30,880 Speaker 1: I'm looking at JM Smuckers. It's not a good day 9 00:00:31,040 --> 00:00:33,640 Speaker 1: for the stock down by thirteen percent. So the companies 10 00:00:33,640 --> 00:00:36,159 Speaker 1: at US TIFFs that are increasing the cost of their 11 00:00:36,200 --> 00:00:39,400 Speaker 1: coffee business would weigh on profit for the coming fiscal years, 12 00:00:39,479 --> 00:00:42,519 Speaker 1: estimated at one dollar a share. So Citi analyst said 13 00:00:42,520 --> 00:00:44,680 Speaker 1: they were already concerned ahead of the results, but then 14 00:00:44,720 --> 00:00:47,279 Speaker 1: when they heard the results, this was even below the 15 00:00:47,320 --> 00:00:49,080 Speaker 1: most marrished outlooks. 16 00:00:48,560 --> 00:00:49,240 Speaker 3: That they have heard. 17 00:00:49,280 --> 00:00:51,040 Speaker 1: So this is a big deal for Smuckers because it 18 00:00:51,120 --> 00:00:53,840 Speaker 1: owns Folgers and Cafe Bossello coffee brands. I don't know 19 00:00:53,840 --> 00:00:55,880 Speaker 1: if you guys drink those Folgers. 20 00:00:55,920 --> 00:01:01,400 Speaker 3: No, because I'm not my grandmother like you just mean 21 00:01:01,520 --> 00:01:03,640 Speaker 3: like it for me. By the way, you're supposed to 22 00:01:03,640 --> 00:01:08,560 Speaker 3: stay JMS Smucker isn't a jam oh, I see, I see. 23 00:01:08,640 --> 00:01:13,040 Speaker 1: Yeah, that's okay, okay, nice age reveal here. So last 24 00:01:13,120 --> 00:01:15,800 Speaker 1: fiscal year, the company generated a third of its revenue 25 00:01:15,800 --> 00:01:19,440 Speaker 1: from coffee, and since June last year, Smucker all Right 26 00:01:19,480 --> 00:01:21,800 Speaker 1: increased its coffee prices three times and they're expected to 27 00:01:21,800 --> 00:01:24,200 Speaker 1: boost him again in all this. This is why I've 28 00:01:24,240 --> 00:01:25,600 Speaker 1: been hearing a lot of people saying they have to 29 00:01:25,640 --> 00:01:27,080 Speaker 1: find alternatives to coffee. 30 00:01:27,560 --> 00:01:29,160 Speaker 3: To be fair, my grandma will be one hundred and 31 00:01:29,200 --> 00:01:31,640 Speaker 3: twenty or something if she was still alive. So I'm 32 00:01:31,640 --> 00:01:33,840 Speaker 3: just saying that's what I think of folters. All right, 33 00:01:33,920 --> 00:01:34,880 Speaker 3: let's go to McDonald's. 34 00:01:35,600 --> 00:01:37,640 Speaker 1: McDonald So this one is also in the red chairs 35 00:01:37,680 --> 00:01:39,960 Speaker 1: are down one and a half percent. So this was 36 00:01:40,000 --> 00:01:42,960 Speaker 1: after the burger chain was slapped. It's only cell rating. 37 00:01:43,000 --> 00:01:45,800 Speaker 1: We have Redburn Atlantic saying that the shifting consumer patterns 38 00:01:45,840 --> 00:01:48,760 Speaker 1: due to weight loss drugs are costs for concerns. So 39 00:01:49,000 --> 00:01:51,800 Speaker 1: Redburn gave McDonald's a two notch cut from its previous 40 00:01:51,840 --> 00:01:52,440 Speaker 1: by rating. 41 00:01:52,720 --> 00:01:54,120 Speaker 3: This was a story two years ago. 42 00:01:54,200 --> 00:01:56,400 Speaker 1: You know, we saw this coming, like obviously people want 43 00:01:56,480 --> 00:01:59,120 Speaker 1: to be thin and maybe even healthy, then they will 44 00:01:59,160 --> 00:02:01,320 Speaker 1: cut down on fast in sweets and donuts. 45 00:02:01,480 --> 00:02:02,960 Speaker 3: So this is what we were all worried about that 46 00:02:03,000 --> 00:02:05,440 Speaker 3: didn't happen for the last year, and now it's happening. 47 00:02:05,440 --> 00:02:07,000 Speaker 3: I think it's this is concrete. 48 00:02:07,240 --> 00:02:10,520 Speaker 1: It's their first celebrating and other analysts remain largely split. 49 00:02:10,600 --> 00:02:13,720 Speaker 1: McDonald's as twenty two bio equivalent ratings eighteen hold in 50 00:02:13,760 --> 00:02:16,400 Speaker 1: an average price are got have thre hundred thirty two, 51 00:02:16,639 --> 00:02:19,160 Speaker 1: so that analysts there said that McDonalds can see as 52 00:02:19,240 --> 00:02:21,720 Speaker 1: much as four hundred and twenty eight million dollars in 53 00:02:21,760 --> 00:02:23,120 Speaker 1: animal impact to revenue. 54 00:02:23,280 --> 00:02:25,720 Speaker 3: So number two and number two with a coke. It's 55 00:02:25,720 --> 00:02:28,120 Speaker 3: been my order since I was fourteen. This is really true. 56 00:02:28,160 --> 00:02:30,200 Speaker 3: So when we were in DC, well, he went to Shakeshack. 57 00:02:30,240 --> 00:02:32,040 Speaker 3: We are in DC. He gets to a burger, finishes 58 00:02:32,040 --> 00:02:34,320 Speaker 3: it in five minutes and we're we're eating the salad, 59 00:02:34,720 --> 00:02:38,119 Speaker 3: peeda thins and the olives and the tazeki. Anyway, yep, 60 00:02:38,160 --> 00:02:41,400 Speaker 3: we direst And speaking of Novo Nordisk, this one is 61 00:02:41,440 --> 00:02:42,080 Speaker 3: also interesting. 62 00:02:42,120 --> 00:02:44,760 Speaker 1: But it's in the gree and up by almost five 63 00:02:44,800 --> 00:02:46,880 Speaker 1: percent or more than five percent, So that's the highest 64 00:02:46,919 --> 00:02:49,080 Speaker 1: level in two months, and it comes after a report 65 00:02:49,160 --> 00:02:52,840 Speaker 1: from activist hedge fund Parvos Asset Management building a stake, 66 00:02:52,960 --> 00:02:55,119 Speaker 1: and this comes after we know that the company has 67 00:02:55,160 --> 00:02:57,840 Speaker 1: really been struggling, and it seems like Parvos is interested 68 00:02:57,880 --> 00:03:00,920 Speaker 1: in influencing the appointment of the You see, Oh so 69 00:03:01,000 --> 00:03:04,280 Speaker 1: Novo Lasmad replaced CEO, which shocked everyone because the company's 70 00:03:04,320 --> 00:03:07,160 Speaker 1: culture is very close knit. They've only had five CEOs 71 00:03:07,320 --> 00:03:10,160 Speaker 1: in their century long history. But now investors seem to 72 00:03:10,200 --> 00:03:13,280 Speaker 1: be cheering the move. Because novosdrugs are ozembic and regovid, 73 00:03:13,280 --> 00:03:15,760 Speaker 1: they become household names. But I've struggled to just really 74 00:03:15,760 --> 00:03:17,359 Speaker 1: make it big and compete with the arrivals. 75 00:03:18,360 --> 00:03:22,520 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 76 00:03:22,600 --> 00:03:25,359 Speaker 2: us throughout the day for the latest roundup of companies 77 00:03:25,400 --> 00:03:28,440 Speaker 2: making news on Wall Street and for the latest market 78 00:03:28,480 --> 00:03:32,800 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 79 00:03:32,880 --> 00:03:36,120 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 80 00:03:36,200 --> 00:03:37,680 Speaker 2: the Bloomberg Business app.