1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Mover's Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:16,520 --> 00:00:19,040 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:19,360 --> 00:00:21,080 Speaker 2: I'm Tim Keen with Paul Sweeney. 6 00:00:21,600 --> 00:00:23,960 Speaker 3: Let's see if we go Dow or small cap today 7 00:00:23,960 --> 00:00:26,360 Speaker 3: would leave someone take? We're going Deer, there you go, 8 00:00:26,440 --> 00:00:30,080 Speaker 3: We'll start there, toode. Okay. Their shares have been down 9 00:00:30,080 --> 00:00:32,400 Speaker 3: as much as eight percent before the bell. It's just 10 00:00:32,400 --> 00:00:36,080 Speaker 3: a sign farmers are struggling. Lower grain prices curbing their spending. 11 00:00:36,120 --> 00:00:39,040 Speaker 3: This is what the company is saying, dear lowered, it 12 00:00:39,080 --> 00:00:42,560 Speaker 3: is full of your outlook. The company did say customers 13 00:00:42,560 --> 00:00:45,120 Speaker 3: are cautious and this is what they're warming warning. I 14 00:00:45,120 --> 00:00:47,960 Speaker 3: mean the pharm machinery sector. It's been exceected to bottom 15 00:00:47,960 --> 00:00:50,600 Speaker 3: out this year, but they had lagging demand for crops 16 00:00:50,640 --> 00:00:53,160 Speaker 3: like soybeans. You know, because of the trade wars could 17 00:00:53,159 --> 00:00:56,120 Speaker 3: be shifting that timeline, so things could be changing. A 18 00:00:56,160 --> 00:00:58,880 Speaker 3: few things Deer has been doing. They've been trying to 19 00:00:58,880 --> 00:01:01,000 Speaker 3: reduce that output to bring down on the inventory. They're 20 00:01:01,000 --> 00:01:04,600 Speaker 3: also offering some new technology that's helping those farmers autonomously 21 00:01:04,640 --> 00:01:07,120 Speaker 3: work field. So they're trying to build up this new technology, 22 00:01:07,440 --> 00:01:09,200 Speaker 3: but it has it's been struggling, lowered. It is full 23 00:01:09,240 --> 00:01:10,160 Speaker 3: of your earnings outlook. 24 00:01:10,240 --> 00:01:12,240 Speaker 1: Yeah, we spoke to a farm on our Bloomberg Intelligence 25 00:01:12,280 --> 00:01:15,039 Speaker 1: program yesterday from South Dakota who said it's tough out 26 00:01:15,040 --> 00:01:16,840 Speaker 1: there because green prices are down. You can look at 27 00:01:16,880 --> 00:01:20,440 Speaker 1: the commodities, what costs are up. Live steap feed costs 28 00:01:20,480 --> 00:01:23,559 Speaker 1: are higher, energy costs are higher, labor costs are are higher. 29 00:01:23,800 --> 00:01:26,440 Speaker 1: So the farmers really be impressed right here. And I've 30 00:01:26,480 --> 00:01:28,880 Speaker 1: heard the labor costs are a big deal. Yeah, they're 31 00:01:28,920 --> 00:01:31,520 Speaker 1: never talked about by fancy people from the East coast. 32 00:01:31,640 --> 00:01:31,800 Speaker 2: Yep. 33 00:01:31,880 --> 00:01:35,319 Speaker 1: The technology does help, but it's a tough time for 34 00:01:35,319 --> 00:01:36,080 Speaker 1: the front asset. 35 00:01:36,400 --> 00:01:38,759 Speaker 3: Okay, I want to go to luxury retailer Tapestry taker 36 00:01:38,840 --> 00:01:41,520 Speaker 3: TPR Their shares really taking a hit. They've been down 37 00:01:41,640 --> 00:01:43,759 Speaker 3: as much as seventeen percent. They kind of pair back 38 00:01:43,800 --> 00:01:46,440 Speaker 3: that a little bit. But TARA costs, they're weighing on 39 00:01:46,480 --> 00:01:49,360 Speaker 3: its profit outlook. The CFO said tariff it represents about 40 00:01:49,360 --> 00:01:52,240 Speaker 3: one hundred and sixty million dollars in extra costs in 41 00:01:52,280 --> 00:01:56,520 Speaker 3: the current that's exactly what you said. Yeah, so they 42 00:01:56,600 --> 00:01:58,960 Speaker 3: said they're still confident they're going to be able to 43 00:01:59,040 --> 00:02:02,800 Speaker 3: lessen the impact of arabs over time. But if you 44 00:02:02,880 --> 00:02:06,760 Speaker 3: look at the breakdown revenue at Coach, it rose thirteen percent, 45 00:02:06,800 --> 00:02:10,280 Speaker 3: but then you had Kate Spade that fell thirteen percent. 46 00:02:10,360 --> 00:02:12,560 Speaker 3: So Kate Spade kind of weighing on the company. They've 47 00:02:12,560 --> 00:02:15,800 Speaker 3: been trying to, you know, reset the brand and Coach 48 00:02:15,919 --> 00:02:17,760 Speaker 3: a couple of things that are really important for them. 49 00:02:17,760 --> 00:02:21,839 Speaker 3: They're Tabby and Brooklyn bags. They are top sellers. Celebrities 50 00:02:21,880 --> 00:02:24,240 Speaker 3: have been wearing them. Missus Keene has one, I mean 51 00:02:24,520 --> 00:02:25,799 Speaker 3: the bag charms. 52 00:02:26,600 --> 00:02:28,960 Speaker 1: See, I think being a retail analysis almost as difficult 53 00:02:29,000 --> 00:02:30,680 Speaker 1: as being a biotech analyst. There you have to know 54 00:02:30,720 --> 00:02:33,400 Speaker 1: the science, but in retail you have to know, like fashion, 55 00:02:33,400 --> 00:02:35,519 Speaker 1: which one's going to hit, which bag is going to work, which, 56 00:02:36,480 --> 00:02:39,080 Speaker 1: in addition to knowing what pe multiple should be and 57 00:02:39,080 --> 00:02:39,600 Speaker 1: stuff like that. 58 00:02:40,000 --> 00:02:45,680 Speaker 3: Animal That's why, that's why exactly every time I'm at 59 00:02:45,680 --> 00:02:48,080 Speaker 3: fifty seventh Street and fifth, they haven't a Hi Dana 60 00:02:48,320 --> 00:02:50,560 Speaker 3: and he of the four stores she could be in 61 00:02:50,560 --> 00:02:52,320 Speaker 3: the next matterfect where she comes, I'm going to ask 62 00:02:52,320 --> 00:02:53,840 Speaker 3: her about these bag charms because. 63 00:02:53,600 --> 00:02:55,680 Speaker 2: They're like, there are huge dollars. 64 00:02:55,800 --> 00:02:58,760 Speaker 3: Like she's crazy. We have to ask her about that. Okay, 65 00:02:58,840 --> 00:03:02,639 Speaker 3: let's go to networking QUI maker Cisco Systems take our CSCO. 66 00:03:03,000 --> 00:03:05,440 Speaker 3: There shares a down about one percent. Earnings in line 67 00:03:05,440 --> 00:03:08,480 Speaker 3: with expectations, but the company gave this cautious forecast for 68 00:03:08,520 --> 00:03:11,600 Speaker 3: the current fiscal year, even as sales from AI projects 69 00:03:11,639 --> 00:03:13,400 Speaker 3: are starting to pick up and the problems that the 70 00:03:13,440 --> 00:03:16,120 Speaker 3: AI space is becoming so competitive. I mean, you have 71 00:03:16,200 --> 00:03:19,680 Speaker 3: companies like Broadcom and Hewlett Packard Enterprise that are looking 72 00:03:19,720 --> 00:03:23,760 Speaker 3: to serve that same marketplace. Now. As far as tariffs, 73 00:03:24,200 --> 00:03:27,120 Speaker 3: the guidance does assume that tariffs remain in place or 74 00:03:27,160 --> 00:03:29,799 Speaker 3: the end of twenty twenty six. Its CFO said they're 75 00:03:29,840 --> 00:03:31,800 Speaker 3: going to continue to leverage their supply chain team to 76 00:03:31,840 --> 00:03:34,680 Speaker 3: help kind of lessen the impact of tariffs for them. 77 00:03:35,400 --> 00:03:37,240 Speaker 3: The last one I want to hit is this company, 78 00:03:37,400 --> 00:03:40,680 Speaker 3: Bullish b lsh There shares a bit as much as 79 00:03:40,720 --> 00:03:44,240 Speaker 3: fourteen percent before, but it's sorted eighty four percent yesterday. 80 00:03:44,320 --> 00:03:47,080 Speaker 3: It's debut to close at sixty eight dollars in New York. 81 00:03:47,160 --> 00:03:50,560 Speaker 3: It earlier soared as much as two hundred and nineteen percent, 82 00:03:50,960 --> 00:03:53,640 Speaker 3: and its two founders rose to the ranks of crypto 83 00:03:53,720 --> 00:03:57,920 Speaker 3: billion dice no and not too bad. They raised one 84 00:03:57,920 --> 00:04:00,480 Speaker 3: point one billion at a five point four billion evaluation 85 00:04:00,560 --> 00:04:03,600 Speaker 3: in net Ipo yesterday, so that brings their holdings to 86 00:04:03,640 --> 00:04:05,760 Speaker 3: more than two billion dollars each. 87 00:04:07,520 --> 00:04:11,760 Speaker 2: The Stockmovers report from Bloomberg Radio. Check back with us 88 00:04:11,800 --> 00:04:14,600 Speaker 2: throughout the day for the latest roundup of companies making 89 00:04:14,680 --> 00:04:18,280 Speaker 2: news on Wall Street and for the latest market moving headlines. 90 00:04:18,480 --> 00:04:22,520 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 91 00:04:22,560 --> 00:04:25,640 Speaker 2: dot com, and on Applecarplay and Android Auto with the 92 00:04:25,640 --> 00:04:27,039 Speaker 2: Bloomberg Business app.