WEBVTT - GM Pops; GE Beat; Zions Worries Abate

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market. Harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's take a look at some stocks on the move today.

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<v Speaker 3>I'm Nathan Hager, joined by Bloomberg's Valerie Titel in a

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<v Speaker 3>very busy earnings morning. While we wait for the big

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<v Speaker 3>event after the close today from Netflix, we are seeing

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<v Speaker 3>a big pop for General Motors after their results. Valerie,

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<v Speaker 3>good morning, Good morning, Nathan.

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<v Speaker 1>Yes, gas guzzlers are back. That's essentially what these results

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<v Speaker 1>have said. GM shares are up eight and a half percent.

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<v Speaker 1>They've been continually climbing since these results are out thirty

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<v Speaker 1>minutes ago. A strong read across the board, a beaten

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<v Speaker 1>their third quarter at quarter earnings and a raise to

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<v Speaker 1>their full year guidance, and the bullish outlook comes as

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<v Speaker 1>GM has seen a jump in sales of high margin

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<v Speaker 1>gas powered SUVs and trucks, this being partly enabled by

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<v Speaker 1>these in federal emissions policy to looser regulatory environment under

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<v Speaker 1>the Trump administration. There also was some positive news on

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<v Speaker 1>tariffs and tariff costs, and a letter to shareholders the

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<v Speaker 1>CEO Mary Barra thanked President Donald Trump for extending a

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<v Speaker 1>tariff discount on some imports for carmakers. She also noted

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<v Speaker 1>that near term EV adoption will be lower than planned.

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<v Speaker 1>But these positive results come off the heels of GM's

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<v Speaker 1>one time charge off of one point six billion dollars

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<v Speaker 1>to restructure it's business away from these struggling EV names.

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<v Speaker 1>But these results show today that that might not matter

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<v Speaker 1>too much given this backdrop of a very strong consumer

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<v Speaker 1>demand for GM's higher margin gas guzzlers. It's lifting not

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<v Speaker 1>only GM shares, which you're up eight and a half percent,

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<v Speaker 1>but also Ford is up two point six Stilantis up

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<v Speaker 1>one and a half.

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<v Speaker 3>And the positive earning stories continue for the company formerly

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<v Speaker 3>known as General Electric now known as GE Aerospace.

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<v Speaker 1>Yeah GE Aerospace, The stock is up one and a

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<v Speaker 1>half percent, boosted their outlook for a second quarter in

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<v Speaker 1>a row on the back of a rebound in aviation,

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<v Speaker 1>raised its forecast for adjusted revenue growth, for operating profit

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<v Speaker 1>and free cash flow. Now GE Aerospace has been a

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<v Speaker 1>major beneficiary of the rebound in global air travel and

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<v Speaker 1>rising demand for maintenance and new engines. The company continues

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<v Speaker 1>to gain momentum after the GE conglomerates split into three

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<v Speaker 1>last year. Shares have stored more than eighty percent this

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<v Speaker 1>year through Monday's close, and we're up another one and

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<v Speaker 1>a half in pre market at the moment.

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<v Speaker 3>And we have earnings just crossing the Bloomberg terminal from

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<v Speaker 3>Coca Cola. It looks like beats all around. Just from

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<v Speaker 3>my cursory glands well, a.

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<v Speaker 1>Pretty solid reaction in the share price. Coca Cola shares

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<v Speaker 1>are up one and a quarter percent comparable. A third

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<v Speaker 1>quarter EPs came in at eighty two cents, which was

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<v Speaker 1>a beat versus estimates around seventy eight. Since the market

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<v Speaker 1>is looking for an update on its international sales, I

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<v Speaker 1>don't see those dropping yet. There's a focus on the

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<v Speaker 1>international sales from Coca Cola. We've seen continued weakness in

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<v Speaker 1>that market, which has put pressure on results. Wall Street

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<v Speaker 1>is also looking for color on FX headwinds off the

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<v Speaker 1>back of this, but it does look like it's pretty

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<v Speaker 1>positive and those shares are popping even higher, up one

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<v Speaker 1>point six percent.

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<v Speaker 3>And finally, it's been a regional bank earning season that's

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<v Speaker 3>been a shaky to say the least. What can we

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<v Speaker 3>say about Zions?

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<v Speaker 1>Zion shares are trading positively this morning, up one and

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<v Speaker 1>a quarter percent, basically scrapping back all of their losses

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<v Speaker 1>from the fall last week on these regional banking credit worries.

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<v Speaker 1>So these worries continue to abate. The stock has had

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<v Speaker 1>a very strong two day rebound, but they had some

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<v Speaker 1>pretty results, pretty solid results out out after the bell yesterday.

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<v Speaker 1>The CEO said that the issue of last week was

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<v Speaker 1>an isolated situation. Even the chief credit officer said that

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<v Speaker 1>they've gone through the loan portfolio, haven't found any other issues,

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<v Speaker 1>and they've also hired external parties to continue or viewing

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<v Speaker 1>the loans. So it does seem like a lot of

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<v Speaker 1>positivity in regional banks. Zion shares up one and a

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<v Speaker 1>quarter percent.

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<v Speaker 2>The stockmover's report from Bloomberg Radio. Check back with us

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<v Speaker 2>throughout the day for the latest roundup of companies making

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<v Speaker 2>news on Wall Street and for the latest market moving headlines.

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