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Speaker 1: Bloomberg Audio Studios, podcasts, radio News.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 1: Let's take a look at some of the stocks on

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Speaker 1: the move today.

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Speaker 3: O Ball Swinging with Scarlett fou and we're joined by

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Speaker 3: Bloomberg's Isabelle.

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Speaker 1: Isabel, I'm looking at Consolation Brands. Shares are down by

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Speaker 1: eight percent. The stock is STZ. That's a ticker. So

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Speaker 1: this comes after the company cut their fiscal twenty twenty

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Speaker 1: six guidance. They cite WEE consumer demand, which will of

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Speaker 1: course hurt inventory and really cause a rebalance at the

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Speaker 1: distributory level. We have City analysts saying they expected a

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Speaker 1: cut in their note, but the opening of a negative

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Speaker 1: catalyst was unexpected. The magnitude was worse than expected. The

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Speaker 1: new forecast appears the risk and Bloomberg Intelligence also says

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Speaker 1: that the guidance cut stems from reekred and expected beer sales,

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Speaker 1: which reinforces the quote extraordinary challenges facing alcoholic beververges. I

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Speaker 1: feel like we've been hearing this from a lot for

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Speaker 1: a long time now, that Americans are really just drinking

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Speaker 1: less alcohol.

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Speaker 3: Maybe they need to get more into non alcoholic beverages.

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Speaker 1: Yeah, and they also make more slow corona. Yes, so

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Speaker 1: that's I'm thinking.

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Speaker 2: There's a.

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Speaker 3: Did you try a non alcoholic beer over the weekend?

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Speaker 1: From did you like it? There's said they do say

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Speaker 1: it don't taste similar? No, in a word, no, they

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Speaker 1: say we should just if you want the real thing,

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Speaker 1: just drink the real thing. If not, just drink something else.

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Speaker 3: Don't even pretend. All right, you're also looking at ELF Beauty.

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Speaker 1: ELF Beauty down also by two percent. So this comes

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Speaker 1: after Deutsche Bank downgraded the cosmetics company to hold. The

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Speaker 1: analyst there's the even Powers sets valuation with a stop

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Speaker 1: of more than one fifty percent off their April lows.

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Speaker 1: He also notes that there's just no clear upside in

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Speaker 1: the near term, and he argues that any reinstated guidance

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Speaker 1: are likely to be conservative, and this is interesting to me.

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Speaker 1: He also notes that commentary on social media channels of

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Speaker 1: ELF has become increasingly negative, and then so I'm not

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Speaker 1: that plugged into this world. But then I looked earlier

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Speaker 1: this morning and it was kind of negative. Like in

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Speaker 1: August twenty twenty five, ELF based backlash for a certain

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Speaker 1: campaign and road, which is the product of a celebrity

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Speaker 1: has just received ongoing criticism for their product. This is

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Speaker 1: Hailey Baber's brand.

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Speaker 3: Wait, so marketing is playing a role here and why

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Speaker 3: people are steering away from LF beauty products?

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Speaker 1: Yes? And just I mean now with one wrong tweet

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Speaker 1: or run one bad review to really just cause a

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Speaker 1: brand to spiral. I mean, that's a scary thing about

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Speaker 1: social media or the good thing right, very good?

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Speaker 3: One more, we got Frontier Group. What's going on there?

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Speaker 1: Frontier this is an exciting stock because it's edging up

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Speaker 1: by almost twenty percent. It actually opened twenty three percent.

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Speaker 1: That's the highest in five months. So Deutsche Bank raised

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Speaker 1: a recommendation to buy from hold. They said that the

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Speaker 1: company is best position to benefit from Spirits bankruptcy, which

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Speaker 1: is a rival. So like Spirit, Frontier is a low

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Speaker 1: cost carrier. The analyst there said that currently thirty five

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Speaker 1: percent of Frontiers now the work overlaps with Spirit, So

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Speaker 1: the Spirit's filing of bankruptcy for a second time this

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Speaker 1: year is going to bote well for Frontier. He estimates

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Speaker 1: the overlap should increase about forty percent by the December quarter.

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Speaker 1: So I guess that's good news for Frontier. One company's

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Speaker 1: bad news is another's good news.

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Speaker 3: The discount airline sector has had a really, really hard time.

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Speaker 3: It always amazes me because everyone I know is looking

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Speaker 3: for cheaper airline tickets. But we have these carriers and

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Speaker 3: they have been trying to look for ways to increase

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Speaker 3: their exposure to higher end customers.

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Speaker 1: That's exactly right, and I feel like it's not really

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Speaker 1: low costs when everything adds up. I mean, there's a

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Speaker 1: genical and diming. Yes, there's so many memes that soon

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Speaker 1: there will be a.

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Speaker 2: Standing The Stock Mover's Report from Bloomberg Radio. Check back

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Speaker 2: with us throughout the day for the latest roundup of

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Speaker 2: companies making news on Wall Street and for the latest

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Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us

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Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android

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Speaker 2: Auto with the Bloomberg Business app. Mm hmm