1 00:00:02,520 --> 00:00:07,360 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 00:00:16,680 --> 00:00:19,279 Speaker 3: I'm Carol Master along with Tim Stenovik. Let's get to 5 00:00:19,400 --> 00:00:21,720 Speaker 3: some stocks on the move here to do it with 6 00:00:21,800 --> 00:00:24,599 Speaker 3: us as Bloomberg TV Markets correspondent Norm Melnda, she is 7 00:00:24,640 --> 00:00:27,160 Speaker 3: here in studio. We got to start with these earnings, 8 00:00:27,160 --> 00:00:28,680 Speaker 3: and let's start with Meta Platforms. 9 00:00:28,920 --> 00:00:32,160 Speaker 4: Meta Platforms to the downside. Shares with the company earlier 10 00:00:32,200 --> 00:00:34,600 Speaker 4: down about eight point nine percent in the after hours trade. 11 00:00:34,640 --> 00:00:38,559 Speaker 4: We're seeing that revenue disappointed Wall Street concerns about that 12 00:00:38,680 --> 00:00:42,640 Speaker 4: AI spending that we've really been seeing the market heavily scrutinizing. 13 00:00:42,680 --> 00:00:45,120 Speaker 4: We know that Meta is spending hundreds of billions of 14 00:00:45,159 --> 00:00:49,240 Speaker 4: dollars to compete against American tech rivals like alphabet Open, 15 00:00:49,280 --> 00:00:52,479 Speaker 4: Ai Anthropic. So we are seeing shares down in the 16 00:00:52,479 --> 00:00:55,680 Speaker 4: postmarket trade as investors continue to digest that report. 17 00:00:55,880 --> 00:00:58,560 Speaker 3: Let's go to Microsoft msft is the ticker. 18 00:00:58,400 --> 00:01:01,240 Speaker 4: Yes up about three percent in the post market to 19 00:01:01,480 --> 00:01:03,960 Speaker 4: the upside, and we are seeing that as cloud unit 20 00:01:04,000 --> 00:01:07,200 Speaker 4: did grow at the fastest pace in four years. That's 21 00:01:07,200 --> 00:01:10,759 Speaker 4: really underscoring the fact that the company's computing infrastructure and 22 00:01:10,840 --> 00:01:14,800 Speaker 4: AI services could continue to make inroads with businesses. We 23 00:01:14,840 --> 00:01:17,600 Speaker 4: also saw that Microsoft as your sales topped one hundred 24 00:01:17,640 --> 00:01:20,119 Speaker 4: billion dollars for the first time during the fiscal year 25 00:01:20,319 --> 00:01:23,440 Speaker 4: that ended in June. We got a qualcom Qualcom. Lastly, 26 00:01:23,560 --> 00:01:26,280 Speaker 4: we are seeing this stock down about five point nine 27 00:01:26,280 --> 00:01:28,959 Speaker 4: percent in the post market trade giving a week profit 28 00:01:29,000 --> 00:01:31,920 Speaker 4: forecast for the current quarter. That of course really being 29 00:01:32,000 --> 00:01:35,679 Speaker 4: underscored by some of those component shortages and rising costs. 30 00:01:35,680 --> 00:01:38,800 Speaker 4: So we'll see how the market continues to either reward 31 00:01:38,880 --> 00:01:41,880 Speaker 4: or punish these companies. With earnings out of Alpo, Apple 32 00:01:41,920 --> 00:01:44,160 Speaker 4: and Amazon tomorrow after the closing goal. 33 00:01:44,240 --> 00:01:46,000 Speaker 3: All right, you rock, and now that we're doing earnings, 34 00:01:46,000 --> 00:01:48,520 Speaker 3: we're going to throw in Starbucks. I know you got 35 00:01:48,560 --> 00:01:52,160 Speaker 3: to run to TV and we're going to talk at 36 00:01:52,200 --> 00:01:54,240 Speaker 3: Starbucks because that stacks up about six point aper. 37 00:01:54,240 --> 00:01:54,760 Speaker 2: So we all need a. 38 00:01:54,760 --> 00:01:55,880 Speaker 3: Little cup of coffee right now. 39 00:01:56,000 --> 00:01:59,280 Speaker 1: Yeah, Starbucks raising continual outlook after quarterly results are past 40 00:01:59,360 --> 00:02:02,160 Speaker 1: market estimate. It shows that efforts to attract diners with 41 00:02:02,240 --> 00:02:05,320 Speaker 1: speedier service and new products are paying off. The company 42 00:02:05,320 --> 00:02:08,079 Speaker 1: reporter it's fourth straight quarter of comp sales growth and 43 00:02:08,160 --> 00:02:11,000 Speaker 1: now expects that measure Carol to rise slightly more than 44 00:02:11,040 --> 00:02:13,359 Speaker 1: six percent for the current fiscal year. 45 00:02:13,520 --> 00:02:16,799 Speaker 3: Yeah, ticket size increases led by delivery business coffee price 46 00:02:16,840 --> 00:02:18,960 Speaker 3: pressures to ease in the current quarter. I mean these 47 00:02:18,960 --> 00:02:21,200 Speaker 3: are things that probably investors want to hear. 48 00:02:21,560 --> 00:02:24,960 Speaker 1: People apparently really like these blue coconut beverages. These are 49 00:02:24,960 --> 00:02:28,280 Speaker 1: a line of iced fruit drinks with customizable levels of caffeine. 50 00:02:28,320 --> 00:02:29,760 Speaker 1: It doesn't look like you drink those, Carol. 51 00:02:29,880 --> 00:02:32,040 Speaker 3: No, I don't want. I don't tre get anything that's blue. 52 00:02:32,440 --> 00:02:33,240 Speaker 3: It's alcohol. 53 00:02:33,320 --> 00:02:39,160 Speaker 1: No slurp piece that's funny. Okay, maybe you're kidding. Mush 54 00:02:39,160 --> 00:02:41,799 Speaker 1: overnight oats as well. Chicken wraps are meant to draw 55 00:02:41,800 --> 00:02:44,079 Speaker 1: on customers in the afternoon that has lagged the sales 56 00:02:44,120 --> 00:02:45,480 Speaker 1: generated during the morning rush. 57 00:02:46,600 --> 00:02:50,640 Speaker 2: This stock Movers report from Bloomberg Radio. Check back with 58 00:02:50,720 --> 00:02:53,280 Speaker 2: us throughout the day for the latest roundup of companies 59 00:02:53,360 --> 00:02:56,440 Speaker 2: making news on Wall Street and for the latest market 60 00:02:56,480 --> 00:03:01,560 Speaker 2: moving headlines. 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