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Speaker 1: Bloomberg Audio Studios Podcasts, Radio News.

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Speaker 2: The Stock Movers podcast, 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 1: Carol Master Long with Tim Stanevik. Let's get to some

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Speaker 1: of the stocks on the move.

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Speaker 3: With us is Bloomberg News Equities reporter Alex Savanova here

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Speaker 3: in studio got to talk about Verizon.

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Speaker 1: Yeah, that is a stock that is doing quite well today,

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Speaker 1: up almost five percent. This is after the company posted

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Speaker 1: second quarter revenue that beat analyst estimates. It also raised

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Speaker 1: its profit outlook obviously, that is really important this earning season.

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Speaker 1: The strong results were lifted by wireless price increases and

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Speaker 1: also the Trump Administration's new tax law. That was enough

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Speaker 1: to offset the fact that the company actually saw a

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Speaker 1: net loss of fifty one thousand monthly subscribers and an

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Speaker 1: expecting a gain of twelve thousand, So really remarkable. Here.

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Speaker 1: I guess that profit outlook optimism as part of the

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Speaker 1: reason that the stock is up today. It's shares are

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Speaker 1: actually six percent of this year as well. Verizon has

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Speaker 1: been struggling to woo new customers in a very tight market.

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Speaker 1: Is obviously competing with at and T and T Mobile,

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Speaker 1: which up until recently has had better deals than Verizon.

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Speaker 1: Actually this spring it put out some promotions. It offered

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Speaker 1: free phone upgrades, so that helps results. That's poised to

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Speaker 1: help results a little bit. The company is also benefiting

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Speaker 1: from US tax reform. This is really interesting. It allows

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Speaker 1: companies to immediately write off the full cost of certain

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Speaker 1: new equipment, and they estimate that that will boost their

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Speaker 1: free cash flow by up to two billion dollars. So

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Speaker 1: we're releaseeing in some of these earnings reports the real

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Speaker 1: time benefits of this new tax.

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Speaker 3: Ticker vs A stock up four point seven percent. Apparently

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Speaker 3: people jump around from plan to plan, Carol.

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Speaker 2: We've been doing that lot.

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Speaker 1: It's kept driving my family get an I don't want

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Speaker 1: keeps complaining yet because but some of the jumping, you know,

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Speaker 1: you kind of sometimes get what you pay for.

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Speaker 3: My on his role, and I feeally feel.

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Speaker 1: Like there might be another change coming. All right, let's

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Speaker 1: talk about.

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Speaker 3: Microsoft ticker of course MSFT. What's going on here?

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Speaker 1: Yeah, this one is a bit of a worry someone.

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Speaker 1: Microsoft warned that hackers are actively tarting targeting customers of

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Speaker 1: their document management software share points. Obviously, so many businesses

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Speaker 1: use this software cybersecurity forms. Caution that a broad section

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Speaker 1: of organizations may be affected through this breach. Tens of thousands,

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Speaker 1: if not hundreds, of businesses and institutions use share points

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Speaker 1: in some fashion to store and collaborate on documents, so

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Speaker 1: very concerning here. Microsoft has been trying to shore up

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Speaker 1: at cybersecurity efforts. They hired, you know, people from the

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Speaker 1: government to try and help with this, but clearly that's

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Speaker 1: not enough. Right now, the stock is a little change

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Speaker 1: right now.

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Speaker 3: I'm as FT is the ticker, and like you said, Alex,

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Speaker 3: the stock little changed right now. Here's a good ticker XYZ.

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Speaker 2: Yeah.

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Speaker 1: Block is set to join the SMP five hundred index. Obviously,

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Speaker 1: this is a huge deal for any company. It's also

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Speaker 1: a tremendous milestone for Jack Dorsey's firm, which underscores the

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Speaker 1: influence of the digital payment system and crypto in finance.

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Speaker 1: It is going to replace Hescorpin the benchmark following Chevron's

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Speaker 1: acquisition of the energy producer. The changes will go into

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Speaker 1: effect prior to the start of trading on July twenty thirty.

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Speaker 1: Look at shares right now, they're up almost eight percent.

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Speaker 1: Inclusion into the s and P five hundred typically does

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Speaker 1: bode well for companies. It elevates their profile and exclusion.

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Speaker 1: Actually often see some stock prices go lower and I

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Speaker 1: get the ticker, but I understand what they did.

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Speaker 3: Is that it was put than just but still a

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Speaker 3: little way I can do.

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Speaker 1: They wanted to stand out.

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Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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Speaker 2: Bloomberg dot com, and on applecarp I Am Android Atto

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Speaker 2: with the Bloomberg Business app. Mm hmm