1 00:00:02,520 --> 00:00:08,800 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 --> 00:00:18,120 Speaker 2: the stock market, harnessing the power of Bloomberg data, take. 4 00:00:17,960 --> 00:00:19,720 Speaker 3: A look at some stocks on the move today. We're 5 00:00:19,760 --> 00:00:23,120 Speaker 3: joined now by Bloomberg's Isabelle Ee, Bloomberg Cross Asset reporter. Isabelle, 6 00:00:23,120 --> 00:00:23,680 Speaker 3: what are you looking at? 7 00:00:23,840 --> 00:00:26,040 Speaker 1: Looking at chewe and I have to be honest, at 8 00:00:26,120 --> 00:00:28,960 Speaker 1: nine point fifty from rising as much as four percent, 9 00:00:29,000 --> 00:00:31,400 Speaker 1: it just dropped lower and it's now down two point 10 00:00:31,440 --> 00:00:34,400 Speaker 1: thirty one percent. And I'm really confused why because my 11 00:00:34,520 --> 00:00:36,600 Speaker 1: script and all of the bns we have, the stories 12 00:00:36,640 --> 00:00:38,520 Speaker 1: we have online, it's just really about how it beat 13 00:00:38,840 --> 00:00:41,320 Speaker 1: net sales, beat estimates, and across the board. You see 14 00:00:41,479 --> 00:00:44,840 Speaker 1: auto customer sales adjust at EBITT, the EBITA margin, even 15 00:00:44,880 --> 00:00:47,360 Speaker 1: active customers they beat across the board. So I really 16 00:00:47,400 --> 00:00:50,080 Speaker 1: don't know why we're seeing some pressure. We have RBC 17 00:00:50,159 --> 00:00:53,840 Speaker 1: Capitalist saying this report even gives investors some confidence that 18 00:00:53,880 --> 00:00:56,080 Speaker 1: the category is stabilizing. So I thought this was going 19 00:00:56,120 --> 00:00:59,240 Speaker 1: to be for pet lovers out there. Chewy, Yes, chewey. 20 00:00:59,440 --> 00:01:03,240 Speaker 4: I have a name, Harry, who was a very maladjusted 21 00:01:03,280 --> 00:01:07,200 Speaker 4: and very angry dog, but he is a Chewy customer, 22 00:01:07,280 --> 00:01:09,640 Speaker 4: so the boxes are there all the time. But my 23 00:01:09,720 --> 00:01:12,080 Speaker 4: boy Harry needs some doggie downers or something, but Chewy 24 00:01:12,120 --> 00:01:13,120 Speaker 4: boxes are there all the time. 25 00:01:13,560 --> 00:01:16,039 Speaker 3: Just didn't have the chew weeks. I know what would 26 00:01:16,080 --> 00:01:19,520 Speaker 3: happen there. It's interesting. We'll see. Maybe there's some underlying 27 00:01:19,520 --> 00:01:22,440 Speaker 3: message on the call there. What about Dollar Tree? Dollar Tree? 28 00:01:22,480 --> 00:01:27,040 Speaker 1: This is also interesting because you have shares edging hire 29 00:01:27,120 --> 00:01:30,320 Speaker 1: by almost five percent. The company's offloading it's family Dollar 30 00:01:30,400 --> 00:01:33,840 Speaker 1: Chain for about one billion dollars to Brigade Capital Management 31 00:01:33,920 --> 00:01:36,399 Speaker 1: and ma Sellum Capital Management. I hope I'm pronouncing both 32 00:01:36,440 --> 00:01:39,480 Speaker 1: those correctly. After a decade of buying the business. So 33 00:01:39,520 --> 00:01:41,960 Speaker 1: the deal is expected to close next quarter, and at 34 00:01:42,000 --> 00:01:44,520 Speaker 1: Mark's a disappointing end to Dollar Tree's bid to establish 35 00:01:44,520 --> 00:01:47,520 Speaker 1: itself as a discount giant. I mean, I think I've 36 00:01:47,560 --> 00:01:49,840 Speaker 1: been to a Dollar Tree once and it's just exciting 37 00:01:49,840 --> 00:01:51,680 Speaker 1: because when you go there, you're like everything is going 38 00:01:51,720 --> 00:01:54,520 Speaker 1: to be roughly a dollar. And the deal closes. The 39 00:01:54,560 --> 00:01:57,080 Speaker 1: books in a sad chapter on Dollar Tree, said Global Data. 40 00:01:57,240 --> 00:01:59,720 Speaker 1: The stock has declined around ten percent this year and 41 00:02:00,000 --> 00:02:03,400 Speaker 1: a lot of the stores will also close following the transaction. 42 00:02:03,480 --> 00:02:05,480 Speaker 1: I think it will hap all right, except they're not. 43 00:02:05,520 --> 00:02:08,960 Speaker 3: They're not actually a dollar, but it's just just a target. 44 00:02:08,520 --> 00:02:11,919 Speaker 1: It's always shaver a dollar. Even the pizza is true 45 00:02:11,919 --> 00:02:12,840 Speaker 1: story all right. 46 00:02:12,880 --> 00:02:15,160 Speaker 3: And a copper yesterday hitting a record high. We're kind 47 00:02:15,200 --> 00:02:17,120 Speaker 3: of off that right now, but Freeport mcmaron kind of 48 00:02:17,160 --> 00:02:18,480 Speaker 3: dragged up along with that price. 49 00:02:18,280 --> 00:02:20,840 Speaker 1: Increase exactly, but now shares are edging lower again, So 50 00:02:20,960 --> 00:02:23,600 Speaker 1: lots of reversales. Theory of you US President Donald Trump 51 00:02:23,720 --> 00:02:27,000 Speaker 1: signaling the Tariffman Industrial Medal could come in weeks rather 52 00:02:27,040 --> 00:02:30,760 Speaker 1: than months, And yesterday toierpoint, alex the copper in the 53 00:02:30,840 --> 00:02:35,079 Speaker 1: US roast a record, and Freeport operates coppers in copper 54 00:02:35,120 --> 00:02:38,000 Speaker 1: miners in Arizona and New Mexico can eat and copper miners, 55 00:02:38,000 --> 00:02:41,600 Speaker 1: though edge a little lower first Quantum hud Bay Capstone. 56 00:02:41,840 --> 00:02:43,800 Speaker 1: But this is an interesting thing because it's one of 57 00:02:43,800 --> 00:02:46,760 Speaker 1: those assets that's really been a sum say ping pong 58 00:02:46,880 --> 00:02:49,960 Speaker 1: with all the tariff headline conversations. Here today three port 59 00:02:50,040 --> 00:02:52,280 Speaker 1: chairs have climb thirteen percent and they beat the SMP. 60 00:02:53,960 --> 00:02:58,080 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 61 00:02:58,160 --> 00:03:00,919 Speaker 2: us throughout today for the latest round up of companies 62 00:03:00,960 --> 00:03:04,000 Speaker 2: making news on Wall Street and for the latest market 63 00:03:04,040 --> 00:03:08,440 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 64 00:03:08,440 --> 00:03:11,720 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 65 00:03:11,760 --> 00:03:13,200 Speaker 2: the Bloomberg Business app.