WEBVTT -  American Airlines Forecast, Comcast Falls, IBM Tumbles

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

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<v Speaker 2>The Stock Movers podcast, your roundup of companies making moves

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

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<v Speaker 2>Let's take a look at some stocks on the move

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<v Speaker 2>this week. Here in the studio with us is Bloomberg

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<v Speaker 2>News Equities reporter Alexandra Semonova. Hey, I think we can

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<v Speaker 2>transition right to another airline at the top of your list, alex.

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<v Speaker 3>Yeah, I'm taking a look at American Airlines today. With

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<v Speaker 3>the Drewids full year earnings outlook, a lot of companies

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<v Speaker 3>have been doing that. It's also joining some of its

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<v Speaker 3>peers and doing that. We saw that from Delta Airlines,

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<v Speaker 3>the owner of Frontier. Obviously, as there's so much uncertainty

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<v Speaker 3>about the outlook for consumers, there seems to be a

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<v Speaker 3>pull back in travel demand. Obviously as tariffs we found

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<v Speaker 3>the economic outlook.

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<v Speaker 4>What's interesting though, is Americans we've had bad news on

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<v Speaker 4>the airlines over the last month or so and saying

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<v Speaker 4>a lot of it's maybe priced in already and that

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<v Speaker 4>people are traveling. Yeah.

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<v Speaker 1>I don't know if you have anything booked for the summer, alex,

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<v Speaker 1>but post pandemic people are just waiting longer and longer

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<v Speaker 1>to book their flights. I don't know what that has

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<v Speaker 1>to do with I think also has to do it.

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<v Speaker 4>Gay more like right like if you well, you came.

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<v Speaker 1>More if you get closer to the date. But I

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<v Speaker 1>think the flexibility now is helpful, Like you can there's

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<v Speaker 1>so many tickets you can buy where it's just like,

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<v Speaker 1>oh you can change that for no fee. Ye that

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<v Speaker 1>was new during the pandemic.

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<v Speaker 4>Yeah, that is, and that's sure.

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<v Speaker 3>And I think also after the pandemic there's just this

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<v Speaker 3>hunch to try and book trips as often as possible.

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<v Speaker 3>That's just not going away. I don't know about you guys,

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<v Speaker 3>but definitely take me somewhere exactly what else you got

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<v Speaker 3>for us? So I'm also looking at Comcasts. They reported

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<v Speaker 3>a pretty big loss in customers. They lost one hundred

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<v Speaker 3>and ninety nine thousand domestic broadband customers and four hundred

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<v Speaker 3>and twenty seven thousand PayTV customers in the fourth quarter

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<v Speaker 3>first quarter. Rather, those losses were both more than Wall

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<v Speaker 3>Street must expected pretty bad earnings right out here. The

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<v Speaker 3>company's earnings actually rose to one point own nine to

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<v Speaker 3>share that beat estimates, and their revenue fell slightly to

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<v Speaker 3>twenty nine point nine billion dollars. But it was really

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<v Speaker 3>again that customer metric that everyone was watching. And shares

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<v Speaker 3>are falling today.

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<v Speaker 4>Yeah, that's kind of tough. Stuck's down about eleven percent

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<v Speaker 4>also year to date. IBM, it's a name that we

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<v Speaker 4>were breaking down the earnings after the close yesterday.

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<v Speaker 1>I was having a good year up until yesterday's report.

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<v Speaker 3>Basically exactly, just basically, the takeaway from this report was

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<v Speaker 3>that it wasn't good enough for investors. It wasn't necessarily bad,

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<v Speaker 3>It's just that the bar is so high for this company.

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<v Speaker 3>So the stock actually fell the most in a year today,

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<v Speaker 3>suggesting economic uncertainty expectations that the cut and cost to

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<v Speaker 3>government spending might affect the business. First quarter sales increased

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<v Speaker 3>almost one percent of fourteen point five billion dollars and

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<v Speaker 3>profit was one sixty a share. Again, the numbers aren't bad,

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<v Speaker 3>just clearly disappointing investors. Not enough assurance that the business

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<v Speaker 3>will be good.

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<v Speaker 1>Yeah, I mean, we spoke to Brent dell Over at

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<v Speaker 1>Jeffrey's yesterday who said that Arvin Krishna is doing a

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<v Speaker 1>great job of transitioning this company away from hardware actually

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<v Speaker 1>away from consulting, which it's been known for for years,

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<v Speaker 1>and really focusing on moving to the AI and services,

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<v Speaker 1>and they're just much more I think profitable.

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<v Speaker 4>Yeah, certainly for the company.

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<v Speaker 3>Right, there's a lot of competition, Yeah, competition, and also

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<v Speaker 3>the CEO today saying in the near term, uncertainty may

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<v Speaker 3>cause clients to pause. That keyword uncertainty has been just

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<v Speaker 3>coming across you just.

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<v Speaker 4>Allowed Is anybody allowed to use the word uncertainty at

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<v Speaker 4>this point?

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<v Speaker 3>I mean, everybody's using the words key word in the dictionary.

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<v Speaker 4>It does seem like the only word in the dictionary. Certainly.

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<v Speaker 4>I know we've been tracking, like how many times, like

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<v Speaker 4>CEOs are saying it on Earning's color. I think we

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<v Speaker 4>did last time around.

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<v Speaker 3>Yeah, we're keeping an eye on that.

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<v Speaker 1>Two