1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:08,520 --> 00:00:12,440 Speaker 2: The Stock Movers report, your roundup of companies making moves 3 00:00:12,440 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,000 --> 00:00:19,080 Speaker 3: I'm Carl Masser, a long it, Tim Stanevik. Let's get 5 00:00:19,120 --> 00:00:21,720 Speaker 3: to some stocks on the move on this Friday. Bloomberg 6 00:00:21,720 --> 00:00:25,400 Speaker 3: TV Marcuts correspondent Normal Linda is in the house. Ross 7 00:00:25,440 --> 00:00:29,600 Speaker 3: Stores man it is an outperformer in both the S 8 00:00:29,640 --> 00:00:31,720 Speaker 3: and P five hundred Nasdaq one hundred. I think right 9 00:00:31,720 --> 00:00:33,960 Speaker 3: now it's the number one gainer in both indexes. 10 00:00:34,080 --> 00:00:36,080 Speaker 4: Yes, it is a number one gainer certainly in the 11 00:00:36,159 --> 00:00:38,040 Speaker 4: S and P five hundred right now, up for a 12 00:00:38,120 --> 00:00:40,519 Speaker 4: record high. We see shares up as much as eight 13 00:00:40,560 --> 00:00:42,760 Speaker 4: point three percent. This is the biggest jump that we've 14 00:00:42,800 --> 00:00:45,199 Speaker 4: seen for the company since April. And it's no surprise 15 00:00:45,280 --> 00:00:47,960 Speaker 4: why they're gaining here. We're seeing a lot of consumers 16 00:00:48,000 --> 00:00:50,120 Speaker 4: going toward a lot of the stores that are marking 17 00:00:50,400 --> 00:00:53,280 Speaker 4: down prices or stores that are just more affordable right now, 18 00:00:53,320 --> 00:00:55,639 Speaker 4: and if you think about Ross is definitely right at 19 00:00:55,640 --> 00:00:58,040 Speaker 4: the center of affordability. And so we are seeing a 20 00:00:58,040 --> 00:01:01,200 Speaker 4: lot of momentum here building into the holiday season. Here, 21 00:01:01,200 --> 00:01:03,440 Speaker 4: we're looking at shares of Ross up about fifteen percent 22 00:01:03,480 --> 00:01:03,960 Speaker 4: though in the year. 23 00:01:04,440 --> 00:01:07,199 Speaker 1: I know you're thinking about Ross, Carrol, I'm thinking about 24 00:01:07,200 --> 00:01:07,600 Speaker 1: in video. 25 00:01:08,920 --> 00:01:09,639 Speaker 3: What are you saying? 26 00:01:10,480 --> 00:01:11,520 Speaker 1: Well, I know Ross is one of your. 27 00:01:11,440 --> 00:01:13,679 Speaker 3: Gaming You're a chip guy, and I'm a retail. 28 00:01:13,360 --> 00:01:16,680 Speaker 1: Kind of girl. You know, perform in the s and 29 00:01:16,720 --> 00:01:18,199 Speaker 1: P five hundred, and it's one of your gamers. 30 00:01:18,200 --> 00:01:20,959 Speaker 3: Today, I'm just saying, what's a video doing? 31 00:01:21,000 --> 00:01:21,160 Speaker 2: Right? 32 00:01:21,160 --> 00:01:22,680 Speaker 1: What is in Vidio doing in video? 33 00:01:22,800 --> 00:01:23,119 Speaker 2: Right now? 34 00:01:23,200 --> 00:01:25,640 Speaker 4: Look looking at shares of video in v DA, of 35 00:01:25,680 --> 00:01:28,000 Speaker 4: course is a stock that cannot literally leave our minds. 36 00:01:28,000 --> 00:01:30,600 Speaker 4: We've seeing it up down, down as much as what 37 00:01:30,680 --> 00:01:31,840 Speaker 4: more than percent. 38 00:01:31,600 --> 00:01:33,880 Speaker 3: Today And I'm having my cup of coffee tomorrow morning 39 00:01:33,920 --> 00:01:35,960 Speaker 3: when I wake up, and I after I've walked the dogs, 40 00:01:36,200 --> 00:01:38,920 Speaker 3: I actually might not be thinking about Invidia. 41 00:01:38,400 --> 00:01:40,480 Speaker 4: Just on a Saturday morning, right clearhead just for that 42 00:01:40,720 --> 00:01:42,080 Speaker 4: video might not be on your mind. 43 00:01:42,640 --> 00:01:44,640 Speaker 3: Just saying for you that, just saying. 44 00:01:44,520 --> 00:01:45,520 Speaker 1: Good job with the value. 45 00:01:45,560 --> 00:01:48,520 Speaker 3: But today exactly, yeah, I have to have you too. 46 00:01:48,800 --> 00:01:51,120 Speaker 4: It's good you have to Well, we are seeing shares 47 00:01:51,120 --> 00:01:53,320 Speaker 4: of a video up just to touch up about four 48 00:01:53,400 --> 00:01:55,480 Speaker 4: tenths of a percent right now. This after we got 49 00:01:55,480 --> 00:01:58,240 Speaker 4: some news of Bloomberg exclusive that US officials are having 50 00:01:58,320 --> 00:02:01,200 Speaker 4: early discussions about whether it's a lot let in video 51 00:02:01,280 --> 00:02:04,520 Speaker 4: sell US h two hundred AI chips to China. I mean, 52 00:02:04,520 --> 00:02:06,400 Speaker 4: noose final decision here has been made. That's what we're 53 00:02:06,440 --> 00:02:08,880 Speaker 4: seeing from the reporting here. But it's possible that the 54 00:02:08,919 --> 00:02:13,119 Speaker 4: idea remains an internal debate and never results in actual 55 00:02:13,280 --> 00:02:15,080 Speaker 4: license approval. So it's going to be something that we 56 00:02:15,120 --> 00:02:16,800 Speaker 4: have to keep our tabs on here. But I mean, 57 00:02:16,800 --> 00:02:19,079 Speaker 4: shares of a video up about thirty five percent this year, 58 00:02:19,400 --> 00:02:21,919 Speaker 4: but clearly really really volatile this year. We're really digesting 59 00:02:21,960 --> 00:02:23,400 Speaker 4: the results we got out of the company. 60 00:02:23,520 --> 00:02:25,440 Speaker 3: I feel like this is the weekend d video, right, 61 00:02:25,480 --> 00:02:27,840 Speaker 3: It's like at rallies and it runs out of steam 62 00:02:27,919 --> 00:02:29,760 Speaker 3: at rallies, it runs out of steam. That has kind 63 00:02:29,760 --> 00:02:31,640 Speaker 3: of been the week. So it kind of explains right 64 00:02:31,639 --> 00:02:33,239 Speaker 3: as we try to figure out this AI trade. 65 00:02:33,360 --> 00:02:35,800 Speaker 1: Still, we got in VideA earnings earlier this week. We 66 00:02:35,840 --> 00:02:40,440 Speaker 1: also got earnings from Gap and shares are moving higher. 67 00:02:40,520 --> 00:02:42,800 Speaker 4: Yeah, we are seeing shares moving higher actually for the 68 00:02:42,800 --> 00:02:45,160 Speaker 4: best day since May that we're seeing for the company here. 69 00:02:45,440 --> 00:02:47,760 Speaker 4: And this is a bit of the company bucking the 70 00:02:47,760 --> 00:02:50,079 Speaker 4: trend that we've been seeing about a lot of consumers 71 00:02:50,120 --> 00:02:52,880 Speaker 4: seeing caution in recent weeks as we think about just 72 00:02:52,919 --> 00:02:56,000 Speaker 4: the broader retail landscape. But we did see some strength 73 00:02:56,000 --> 00:02:59,040 Speaker 4: from GAPS, particularly in terms of its celebrity partnerships that 74 00:02:59,080 --> 00:03:02,679 Speaker 4: really helped to boo this higher. Old Navy, Banana Republic. 75 00:03:02,720 --> 00:03:06,360 Speaker 4: Those both were strong brands for the company's performance. Athlete 76 00:03:06,400 --> 00:03:08,680 Speaker 4: A thought not doing too well, But it does seem 77 00:03:08,720 --> 00:03:11,880 Speaker 4: as though Old Navy and Banana Republic are what is 78 00:03:11,919 --> 00:03:13,040 Speaker 4: pulling the company through. 79 00:03:13,280 --> 00:03:15,919 Speaker 3: Mary ross Gilbert said, Gap is back. 80 00:03:16,080 --> 00:03:17,799 Speaker 4: Gap is back, apparently in a big way. 81 00:03:17,919 --> 00:03:19,480 Speaker 1: She like back to nineties level. 82 00:03:20,120 --> 00:03:22,520 Speaker 3: Tim and I were like, I've been there, you know what. 83 00:03:22,639 --> 00:03:24,560 Speaker 1: As we were having that conversation with her yesterday, which 84 00:03:24,600 --> 00:03:26,600 Speaker 1: if you missed that was Thursday. If you missed it 85 00:03:26,840 --> 00:03:28,760 Speaker 1: on you, No, I wasn't going to say that. 86 00:03:28,800 --> 00:03:29,680 Speaker 2: I was going to say, you can. 87 00:03:29,680 --> 00:03:32,280 Speaker 1: Check it out on our podcast feed. People have stuff 88 00:03:32,280 --> 00:03:37,800 Speaker 1: to do, Carol today I did. I did think. You 89 00:03:37,840 --> 00:03:39,400 Speaker 1: know what we do buy a lot of old Navy 90 00:03:39,440 --> 00:03:43,520 Speaker 1: actually yea for the kids. Yeah, it's the price is right, 91 00:03:43,640 --> 00:03:46,120 Speaker 1: and these kids grow so quickly. Yeah, you know, they 92 00:03:46,160 --> 00:03:49,080 Speaker 1: also the sweatshirts disappear. What do you mean they just 93 00:03:49,120 --> 00:03:52,360 Speaker 1: they leave them at school. They're gone forever, like they do. 94 00:03:52,520 --> 00:03:54,600 Speaker 1: Where is that it doesn't matter if you put your 95 00:03:54,680 --> 00:03:55,240 Speaker 1: name on it. 96 00:03:55,160 --> 00:03:58,280 Speaker 4: All right? Of course, this is a company that we've 97 00:03:58,280 --> 00:04:01,040 Speaker 4: really been watching because it was halfway. Really, I mean, 98 00:04:01,120 --> 00:04:02,280 Speaker 4: I've been watching you today. 99 00:04:02,360 --> 00:04:04,560 Speaker 3: It was gonna be a trillion dollar market. 100 00:04:04,960 --> 00:04:06,760 Speaker 4: I came from the equity scheme, so I've been hearing 101 00:04:06,800 --> 00:04:08,960 Speaker 4: some whispers that they were watching it already. So maybe 102 00:04:08,960 --> 00:04:11,200 Speaker 4: I had a head start. You didn't have a head start. 103 00:04:11,600 --> 00:04:12,400 Speaker 2: I was shocked. 104 00:04:13,200 --> 00:04:15,520 Speaker 4: Yeah, they've been watching it all week long, just waiting 105 00:04:15,520 --> 00:04:17,719 Speaker 4: to see when it would cross that one trillion dollar mark. 106 00:04:17,760 --> 00:04:20,279 Speaker 4: But to your point more broadly, I don't think that 107 00:04:20,320 --> 00:04:23,320 Speaker 4: the average person was really watching this stock in that way. 108 00:04:23,480 --> 00:04:25,560 Speaker 4: But we really are seeing this hitting the highest level 109 00:04:25,560 --> 00:04:28,039 Speaker 4: on record, surpassing that one trillion dollar mark, the first 110 00:04:28,240 --> 00:04:30,400 Speaker 4: healthcare company to do so, and of course one a 111 00:04:30,520 --> 00:04:33,000 Speaker 4: very few outside of the tech space to really do so. 112 00:04:33,360 --> 00:04:35,000 Speaker 4: And this is after, you know, of course, the weight 113 00:04:35,040 --> 00:04:36,920 Speaker 4: loss pill. We've been seeing a lot of optimism there. 114 00:04:36,920 --> 00:04:39,720 Speaker 4: They're expecting it to reach ninety five billion dollars by 115 00:04:39,760 --> 00:04:43,040 Speaker 4: twenty thirty here, and of course we are also seeing 116 00:04:43,040 --> 00:04:46,480 Speaker 4: that plan with Novo Nordis to sell obesity drugs directly 117 00:04:46,520 --> 00:04:49,240 Speaker 4: to employers. So I mean this stock is really doing 118 00:04:49,320 --> 00:04:52,400 Speaker 4: some interesting stuff in a meaningful way, up as much 119 00:04:52,440 --> 00:04:54,000 Speaker 4: as about what two point two percent. 120 00:04:54,000 --> 00:04:56,640 Speaker 3: That's what sent it over up almost thirty eight percent 121 00:04:56,760 --> 00:04:57,560 Speaker 3: year to date so far. 122 00:04:59,040 --> 00:05:03,080 Speaker 2: This Stock Movers report from Bloomberg Radio. 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