WEBVTT - Deere Under Pressure, HP Down on Yesterday's Earnings, Workday Beats Estimates

0:00:02.520 --> 0:00:07.000
<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

0:00:08.560 --> 0:00:12.440
<v Speaker 2>The Stock Movers report your roundup of companies making moves

0:00:12.480 --> 0:00:16.239
<v Speaker 2>in the stock market, harnessing the power of Bloomberg data.

0:00:16.600 --> 0:00:18.880
<v Speaker 1>But I'm Carol Master, a longer term static. Let's get

0:00:18.880 --> 0:00:21.040
<v Speaker 1>to some stocks on the move on this Wednesday with

0:00:21.120 --> 0:00:22.720
<v Speaker 1>us as Bloomberg News earning specialist.

0:00:22.960 --> 0:00:24.000
<v Speaker 3>It's pou with us.

0:00:24.480 --> 0:00:27.600
<v Speaker 1>She's got some stock movers. Where shall we begin?

0:00:28.320 --> 0:00:29.840
<v Speaker 3>I think we have to start. We don't want to

0:00:29.840 --> 0:00:33.360
<v Speaker 3>report it today, Dear take a d Does this your

0:00:33.479 --> 0:00:36.879
<v Speaker 3>farm equipment maker? So it seems like investors are reacting

0:00:36.920 --> 0:00:40.879
<v Speaker 3>negatively after the company put out a week outlook. You know,

0:00:40.960 --> 0:00:44.720
<v Speaker 3>it has been struggling because tariffs have her demand for crops,

0:00:45.120 --> 0:00:46.920
<v Speaker 3>and I think this out look kind of shows doubts

0:00:46.960 --> 0:00:50.919
<v Speaker 3>about whether the US China deal to resume crop shipments

0:00:50.920 --> 0:00:54.440
<v Speaker 3>were meaningfully boost demand. And we know know the industry

0:00:54.480 --> 0:00:57.160
<v Speaker 3>has already been dealing with a couple of issues. Crop

0:00:57.160 --> 0:01:00.400
<v Speaker 3>prices have been low and the cost of seats, fertilizersment's

0:01:00.520 --> 0:01:02.840
<v Speaker 3>keep rising. So it kind of shows that farmers are

0:01:02.840 --> 0:01:05.000
<v Speaker 3>having a tough time affording new machines right now, and

0:01:05.040 --> 0:01:05.840
<v Speaker 3>that's hurting gear.

0:01:06.720 --> 0:01:09.759
<v Speaker 4>Yeah, this is A. You know, we talked to brook

0:01:09.800 --> 0:01:12.839
<v Speaker 4>Sutherland earlier on this, and you know, asking the question

0:01:12.840 --> 0:01:15.800
<v Speaker 4>of whether there's a bell weather and industrials and what

0:01:15.840 --> 0:01:19.280
<v Speaker 4>this means for the farm economy and also how could

0:01:19.280 --> 0:01:21.320
<v Speaker 4>the outlook and change if the farmers do, indeed in

0:01:21.360 --> 0:01:23.680
<v Speaker 4>the US get a bailout from President Trump.

0:01:23.720 --> 0:01:25.800
<v Speaker 1>And I think this is what's difficult, right to trade

0:01:25.800 --> 0:01:29.520
<v Speaker 1>the tariffs, Like things feel like they're constantly moving, and

0:01:29.640 --> 0:01:31.120
<v Speaker 1>so you have to kind of try it. How do

0:01:31.120 --> 0:01:34.039
<v Speaker 1>you run a business when the targets keep moving? All right?

0:01:34.160 --> 0:01:36.840
<v Speaker 1>De dear, as you said, down more than four percent

0:01:36.920 --> 0:01:40.160
<v Speaker 1>today's session HPQ. Those earnings came out late last night.

0:01:40.440 --> 0:01:43.240
<v Speaker 3>Yeah, and it seems to still be down because it

0:01:43.319 --> 0:01:47.000
<v Speaker 3>is shut an outlook a spilo expectations hp lame the

0:01:47.080 --> 0:01:50.040
<v Speaker 3>high cost of memory tips that go into computers. It

0:01:50.080 --> 0:01:53.040
<v Speaker 3>also became the latest company to report lay after due

0:01:53.080 --> 0:01:55.880
<v Speaker 3>to AI. It said it will cut four thousand to

0:01:56.040 --> 0:01:58.880
<v Speaker 3>six thousand employees over in the next two years and

0:01:58.920 --> 0:02:02.200
<v Speaker 3>replace them with AI tools. That's about seven to ten

0:02:02.240 --> 0:02:03.720
<v Speaker 3>percent of its corent workforce.

0:02:04.440 --> 0:02:06.400
<v Speaker 4>You know, what's what I find fascinating about this is

0:02:06.440 --> 0:02:08.760
<v Speaker 4>like this is through fiscal twenty twenty eight We're a

0:02:08.760 --> 0:02:10.920
<v Speaker 4>few years away from fiscal twenty twenty eight, so you

0:02:10.919 --> 0:02:12.519
<v Speaker 4>could you know, you could do this through layoffs, you

0:02:12.520 --> 0:02:14.440
<v Speaker 4>could do it through not hiring when people leave, and

0:02:14.480 --> 0:02:17.200
<v Speaker 4>there are other ways to do this. But also the AI.

0:02:17.280 --> 0:02:19.120
<v Speaker 4>Think about how much AI has changed just in the

0:02:19.160 --> 0:02:20.840
<v Speaker 4>last year and the way that people use it, Like,

0:02:20.840 --> 0:02:24.079
<v Speaker 4>how can you predict how a company that you run

0:02:24.240 --> 0:02:26.400
<v Speaker 4>is going to be using AI in the next two

0:02:26.520 --> 0:02:27.120
<v Speaker 4>or three years.

0:02:27.240 --> 0:02:29.720
<v Speaker 1>I feel like there's so many unknowns, Like these projections

0:02:29.720 --> 0:02:31.519
<v Speaker 1>I think are really difficult. Ye that out there right?

0:02:31.560 --> 0:02:34.800
<v Speaker 1>I feel like a lot could change TVD Yeah, I.

0:02:35.480 --> 0:02:37.280
<v Speaker 3>Like to say a lot volatile world.

0:02:39.080 --> 0:02:39.640
<v Speaker 4>Workday.

0:02:40.160 --> 0:02:40.400
<v Speaker 2>Yeah.

0:02:40.440 --> 0:02:43.799
<v Speaker 3>So this is what daytik a wday is at HR

0:02:43.919 --> 0:02:46.519
<v Speaker 3>Software Maker. As another start, it took quite a bit

0:02:46.560 --> 0:02:51.160
<v Speaker 3>of a beating today. It actually had results that beat estimates,

0:02:51.160 --> 0:02:54.240
<v Speaker 3>but there are questions from analysts about how much of

0:02:54.240 --> 0:02:56.600
<v Speaker 3>that is from an acquisition I mean in October, and

0:02:56.639 --> 0:03:00.040
<v Speaker 3>how much of that is organic growth. Analysts also co

0:03:00.120 --> 0:03:03.800
<v Speaker 3>certain about Maguins going forward because it gave a guidance

0:03:03.840 --> 0:03:07.160
<v Speaker 3>that was below estimates. For example, Bloomberg Intelligence you know,

0:03:07.200 --> 0:03:09.960
<v Speaker 3>pointed out that latch companies are cutting workers, are not

0:03:10.040 --> 0:03:11.720
<v Speaker 3>hiring so it's going to be hot for a work

0:03:11.800 --> 0:03:13.239
<v Speaker 3>day to find you clients.

0:03:13.560 --> 0:03:16.520
<v Speaker 4>Yeah, that's a big concern. I mean that's like an

0:03:16.520 --> 0:03:18.400
<v Speaker 4>economic a big concern about the economy.

0:03:18.560 --> 0:03:20.840
<v Speaker 1>Yeah, exactly. I mean it's such a great read, right

0:03:20.880 --> 0:03:22.519
<v Speaker 1>when we talk about the labor force. I mean the

0:03:22.520 --> 0:03:26.160
<v Speaker 1>stocks went down about seventeen percent year to date. I

0:03:26.200 --> 0:03:28.120
<v Speaker 1>just feel like, and I think about the conversation that

0:03:28.160 --> 0:03:31.360
<v Speaker 1>we had today looking at the FED page book, and

0:03:31.760 --> 0:03:33.480
<v Speaker 1>like we're looking at a lot of different factors and

0:03:33.520 --> 0:03:36.800
<v Speaker 1>what these types of companies say about their environment to

0:03:36.880 --> 0:03:40.360
<v Speaker 1>try to get an idea of what's to come. It's

0:03:40.440 --> 0:03:42.480
<v Speaker 1>it's a weird time, right, there's lots of questions.

0:03:42.560 --> 0:03:44.640
<v Speaker 3>Yeah, I think just no one knows.

0:03:44.440 --> 0:03:46.240
<v Speaker 1>Right, what's the next earning season?

0:03:47.920 --> 0:03:49.520
<v Speaker 3>Well, it's going to be soon after Christmas?

0:03:49.560 --> 0:03:53.160
<v Speaker 4>Right, yeah, get ready for gear, ready for j warri

0:03:53.800 --> 0:03:55.880
<v Speaker 4>start you know in an early part of January.

0:03:56.080 --> 0:03:58.200
<v Speaker 1>Just say nothing, you're already thinking about that.

0:03:58.240 --> 0:04:00.280
<v Speaker 4>We're barely through retail earnings at the point.

0:04:00.440 --> 0:04:02.480
<v Speaker 1>I just think, you know, it's when we get an

0:04:02.520 --> 0:04:04.560
<v Speaker 1>idea of how things are doing. Stock marketing kind of.

0:04:04.680 --> 0:04:08.480
<v Speaker 4>Terminal says January thirteenth for JP Morgan, Right now, so yeah,

0:04:08.480 --> 0:04:09.120
<v Speaker 4>We'll see if that.

0:04:09.240 --> 0:04:10.480
<v Speaker 1>Well, Jamie us cockroach.

0:04:10.600 --> 0:04:17.360
<v Speaker 4>We use weather weather. This is not yoga, Okay, I'm just.

0:04:17.360 --> 0:04:19.600
<v Speaker 1>Saying what bug will he lean on?

0:04:21.040 --> 0:04:21.360
<v Speaker 2>Rachel?

0:04:21.360 --> 0:04:24.200
<v Speaker 1>Thank you so much. Really appreciate Rachel Plas. She's Bloomberg

0:04:24.200 --> 0:04:25.440
<v Speaker 1>News Earning specialist.

0:04:25.520 --> 0:04:31.360
<v Speaker 2>Joining us with Stockmovers, the Stockmovers Report from Bloomberg Radio.

0:04:31.839 --> 0:04:34.000
<v Speaker 2>Check back with us throughout the day for the latest

0:04:34.080 --> 0:04:37.279
<v Speaker 2>roundup of companies making news on Wall Street and for

0:04:37.360 --> 0:04:41.320
<v Speaker 2>the latest market moving headlines. Listen to Bloomberg Radio Live.

0:04:41.680 --> 0:04:45.279
<v Speaker 2>Catch us on YouTube, Bloomberg dot com, and on Applecarplay

0:04:45.320 --> 0:04:47.919
<v Speaker 2>and Android Auto with the Bloomberg Business app.