1 00:00:02,520 --> 00:00:07,400 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,560 --> 00:00:12,480 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,920 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,760 --> 00:00:19,520 Speaker 3: I'm Carol Messer along with Tim Stenvick. Let's get to 5 00:00:19,640 --> 00:00:22,760 Speaker 3: some stocks on the move. Bloomberg TV Markets correspondent Normal 6 00:00:22,760 --> 00:00:26,160 Speaker 3: Linda is in the house, and yeah, you're starting with Nvideo, 7 00:00:26,160 --> 00:00:27,800 Speaker 3: which I feel like we have talked about a lot, 8 00:00:27,840 --> 00:00:29,720 Speaker 3: and rightfully so probably today. 9 00:00:29,520 --> 00:00:31,520 Speaker 4: The star of the show today, and it feels like 10 00:00:31,560 --> 00:00:33,519 Speaker 4: every day. But I mean, we were really seeing a 11 00:00:33,520 --> 00:00:35,400 Speaker 4: lot of people digesting the earning's coming out of in 12 00:00:35,479 --> 00:00:38,680 Speaker 4: Video that's ticker in VDA, And of course we did 13 00:00:38,680 --> 00:00:41,080 Speaker 4: see at first we saw market rally, then we saw 14 00:00:41,159 --> 00:00:43,640 Speaker 4: all of that fad as we really plunged into the 15 00:00:43,680 --> 00:00:46,199 Speaker 4: red there. But of course this concern is still bubbling 16 00:00:46,280 --> 00:00:48,080 Speaker 4: right now as to whether or not we are actually 17 00:00:48,159 --> 00:00:52,440 Speaker 4: in an artificial intelligence spending bubble, and that clearly hammering 18 00:00:52,520 --> 00:00:55,040 Speaker 4: a lot of the tech names, including in Video of 19 00:00:55,080 --> 00:00:56,240 Speaker 4: course leading the charge here. 20 00:00:56,520 --> 00:00:59,840 Speaker 3: Yeah, it's kind of wild because their numbers seemed awfully strong, 21 00:01:00,440 --> 00:01:03,080 Speaker 3: and we certainly saw them rally in the aftermarket, but 22 00:01:03,200 --> 00:01:06,399 Speaker 3: definitely a rethink, and I think as they went through 23 00:01:06,440 --> 00:01:08,160 Speaker 3: some more of the specifics from the company did have 24 00:01:08,200 --> 00:01:10,000 Speaker 3: something to do with like inventories or something. 25 00:01:10,080 --> 00:01:11,720 Speaker 1: Yeah, there were some concerns about to build up in 26 00:01:11,720 --> 00:01:14,000 Speaker 1: inventories and then also the accounts receivable as well. 27 00:01:14,160 --> 00:01:15,800 Speaker 3: Yeah, so it's like, well, wait a minute, there's such 28 00:01:15,800 --> 00:01:18,320 Speaker 3: strong demand, why is that stuff sitting there? So it's 29 00:01:18,319 --> 00:01:21,280 Speaker 3: a good question. Hey, Walmart number one gain in the 30 00:01:21,319 --> 00:01:22,319 Speaker 3: s and P five hundred. 31 00:01:22,480 --> 00:01:25,399 Speaker 4: Yes, today was a great day for Walmart. This ticker WMT, 32 00:01:25,640 --> 00:01:28,480 Speaker 4: the company booted is full year sales and profit outlook. 33 00:01:28,560 --> 00:01:31,319 Speaker 4: We're really talking about a consumer that's stretched right now, 34 00:01:31,400 --> 00:01:33,360 Speaker 4: and they're going toward a lot of the discounted names 35 00:01:33,600 --> 00:01:35,760 Speaker 4: or discount carriers, I should say, so a lot of 36 00:01:35,760 --> 00:01:38,640 Speaker 4: people run to Walmart to get things cheaper as opposed 37 00:01:38,640 --> 00:01:41,840 Speaker 4: to more expensive brands here. So you are seeing shares 38 00:01:41,880 --> 00:01:45,960 Speaker 4: of Walmart ending with their best performance since April. That's 39 00:01:46,000 --> 00:01:48,120 Speaker 4: on a one day, one day scale here. 40 00:01:48,640 --> 00:01:52,080 Speaker 3: And then one more bath and body work brutal day. 41 00:01:52,120 --> 00:01:54,160 Speaker 4: I mean, we saw shares falling for their worst day 42 00:01:54,200 --> 00:01:57,760 Speaker 4: and lowest level since twenty twenty. The stock shed twenty 43 00:01:57,760 --> 00:02:00,560 Speaker 4: five percent in today. Low, but have been a great 44 00:02:00,600 --> 00:02:03,120 Speaker 4: year for the company in general, shares down just about 45 00:02:03,160 --> 00:02:06,120 Speaker 4: sixty percent year to date, but the company slashed its 46 00:02:06,160 --> 00:02:09,040 Speaker 4: full year outlook. It also said that it's exiting the 47 00:02:09,160 --> 00:02:11,480 Speaker 4: men's grooming and hair care space. I didn't even know 48 00:02:11,520 --> 00:02:14,960 Speaker 4: they were involved. They were just those bathtoms. Were you familiar? 49 00:02:15,440 --> 00:02:17,280 Speaker 4: I was not aware we're going there for your hair products? 50 00:02:17,280 --> 00:02:18,520 Speaker 1: Now, yeah, I was not aware. 51 00:02:19,440 --> 00:02:20,959 Speaker 4: Well, I guess you missed that because they're no longer 52 00:02:21,040 --> 00:02:21,959 Speaker 4: going to be doing that. 53 00:02:22,400 --> 00:02:24,799 Speaker 1: I mean, I can use any hair product that I want. 54 00:02:24,800 --> 00:02:27,920 Speaker 1: It doesn't have to be like a designated man's hair product, right. 55 00:02:27,800 --> 00:02:29,600 Speaker 3: Yeah, I got some guys have it so easy. 56 00:02:30,080 --> 00:02:32,840 Speaker 4: You got it such enough, right, keep it interesting. But 57 00:02:32,840 --> 00:02:35,200 Speaker 4: they're also going to be launching their brand page on 58 00:02:35,280 --> 00:02:37,680 Speaker 4: Amazon dot Com to get some more customer traffic. 59 00:02:39,440 --> 00:02:43,480 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 60 00:02:43,560 --> 00:02:46,119 Speaker 2: us throughout the day for the latest roundup of companies 61 00:02:46,200 --> 00:02:49,280 Speaker 2: making news on Wall Street and for the latest market 62 00:02:49,320 --> 00:02:53,800 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 63 00:02:53,880 --> 00:02:57,400 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 64 00:02:57,440 --> 00:02:58,959 Speaker 2: the Bloomberg Business app.