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Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: I'm Tim Stanbeck along with Carol Masser. Let's take a

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Speaker 3: look at some stocks on the move. We're joined by

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Speaker 3: Avalon Pronow, Equities reporter for Bloomberg News. Hey have onon Hi.

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Speaker 4: We have to start off with Amazon, Let's ticker AMZ

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Speaker 4: and definitely some good news for the Max seven's today

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Speaker 4: it soared seventeen percent to not just best weekly jump

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Speaker 4: since twenty fifteen, and that's after the company reported its

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Speaker 4: fifth straight quarter of iCloud computing revenue acceleration. Morgan Stanley

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Speaker 4: calling that saying that AWS delivered accelerating growth, surging profitability,

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Speaker 4: and a better backlog to give the market even more

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Speaker 4: confidence in the return on investment cost ahead.

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Speaker 1: Yeah, and it's interesting when we think about cloud. These

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Speaker 1: were the guys who did it originally, and I think

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Speaker 1: it was either Anaag who said this to us, or

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Speaker 1: Man Deep, you know, and our analysis or maybe even

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Speaker 1: a love love like these were the guys AWS. In

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Speaker 1: terms of enterprise in cloud, we're out there from the

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Speaker 1: get go, and they have a more diverse customer base,

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Speaker 1: if you will. And I've been doing it longer, so

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Speaker 1: it's interesting as everybody else has jumped on the cloud bandwagon.

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Speaker 1: It's a good reminder of that they've been doing this

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Speaker 1: for a long time. All right. So Amazon had a

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Speaker 1: great week. Yeah, talk about roadblocks not so much.

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Speaker 2: Not so much.

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Speaker 4: That's ticker rb LX. It fell twenty five percent to

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Speaker 4: close out. It's worst weekly dropped since twenty twenty two.

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Speaker 4: And that's as weaker for third quarter bookings guidance spurred

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Speaker 4: several downgrades across the street. Bloomberg Intelligence maybe putting it best,

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Speaker 4: noting that the third quarter bookings guidance really shows that

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Speaker 4: those mandatory age checks are weighing more than expected on

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Speaker 4: near term growth for the company.

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Speaker 1: Yeah. I mean, this one's they've been just they've been

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Speaker 1: a little tortured lately, right.

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Speaker 3: Yeah, it's been a challenge with their Bloomberg Business Week

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Speaker 3: and Bloomberg News teams have done a really good job

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Speaker 3: on reporting about challenge is that the companies had with

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Speaker 3: moderation on the platform. Yeah uh so.

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Speaker 1: Yeah, Yeah, down fifty six percent here a date. Yeah,

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Speaker 1: not a good week, but not a good year either.

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Speaker 1: To Pote Mexican.

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Speaker 4: Grill ticker CMG, it jumped seventeen percent to close out

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Speaker 4: it's best weekly gained since twenty twenty one this week,

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Speaker 4: and that's as a text mex Chain report it better

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Speaker 4: and expected comparable sales for the quarter. They also boosted

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Speaker 4: their annual guidance after bringing back its popular honey Chicken

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Speaker 4: and introducing new rewards, though they do say that cyclospora

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Speaker 4: is going to potentially impact Even though it doesn't impact

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Speaker 4: their lettuce, it is going to impact diners coming into

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Speaker 4: their restaurants. You're already expecting a little bit of a haircut.

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Speaker 2: But give me are it's not keeping me the stock

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Speaker 2: mover's report from Bloomberg Radio. Check back with us throughout

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Speaker 2: the day for the latest roundup of companies making news

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Speaker 2: on Wall Street and for the latest market moving headlines.

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Speaker 2: Listen to Bloomberg Radio Live, catch us on Youtubeloomberg dot com,

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Speaker 2: and on Applecarplay and Android Auto with the Bloomberg Business app.

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Speaker 3: Mm hmm