WEBVTT - UPS Falls, Hilton Worldwide Drops, Vertiv Down as 2Q View Disappoints 

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

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<v Speaker 2>Stock Movers report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg data.

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<v Speaker 1>Back to the markets for a moment here and bring

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<v Speaker 1>in Matthew Griffin. He is our equities reporter and he's

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<v Speaker 1>going to take a look at some of the stocks

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<v Speaker 1>on the move here in this eleven am Wall Street

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<v Speaker 1>Time Hour. Matt, what do you have?

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<v Speaker 3>Well, Scarlett, thanks for having me on. And one stock

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<v Speaker 3>I have had on my screen all morning is UPS,

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<v Speaker 3>the parcel carrier ticker also UPS shares currently down more

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<v Speaker 3>than four percent after the company did beat expectations overall,

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<v Speaker 3>but it left its full year guidance unchanged. That was

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<v Speaker 3>disappointing investors who wanted more. They also reported margins that

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<v Speaker 3>were weaker than expected in their US parcel business. The

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<v Speaker 3>adjusted margin there was four percent analysts wanted nearly five percent.

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<v Speaker 3>And that's just the last thing investors want to see

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<v Speaker 3>from UPS right now. They are questioning this company's plan

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<v Speaker 3>to cut its less profitable business, for example with Amazon,

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<v Speaker 3>and so to see this pain in the US right

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<v Speaker 3>now raises more questions about how that's going The company

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<v Speaker 3>did say on the earnings call that there were some

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<v Speaker 3>one time items weather, for example, but that's not really

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<v Speaker 3>helping shares down as much as seven point two percent today.

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<v Speaker 3>That's their worst day since July. All right, how about

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<v Speaker 3>the Hilton. Yeah, so Hilton, the hotel chain. That's a

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<v Speaker 3>stock I was actually watching before they reported earnings today.

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<v Speaker 3>They were trading at all time highs last week, even

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<v Speaker 3>during the war in Iran, which of course has disrupted travels.

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<v Speaker 3>So this was a closely watched report. Investors a little

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<v Speaker 3>bit disappointed that stock ticker HLT trying to claw its

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<v Speaker 3>way back into the green, but still down about a percent.

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<v Speaker 3>The hotel chain raised its full year outlook, but less

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<v Speaker 3>than analysts wanted, and it said it's going to see

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<v Speaker 3>some effects from the war in the second quarter, for example,

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<v Speaker 3>a hit to its revenue peractive room, which is a

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<v Speaker 3>key metric for hotels.

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<v Speaker 1>All right, car rep card, Yes, yes, yes, yes, yes,

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<v Speaker 1>that's what the analysts call it. For sure. Verdive is

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<v Speaker 1>your last stock?

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<v Speaker 3>Yes, so this vertive tick or VRT. Maybe not as

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<v Speaker 3>big a name as an Nvidia, for example, but a

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<v Speaker 3>major stock in the sort of AI infrastructure trade. They're

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<v Speaker 3>down eight percent today almost eight percent. It's sort of

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<v Speaker 3>one of the second order impacts of this Wall Street

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<v Speaker 3>Journal report about open ai missing some of its own

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<v Speaker 3>internal metrics. This company makes power equipment and cooling equipment,

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<v Speaker 3>gets eighty percent of its revenue from data centers, and

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<v Speaker 3>IT shares are up about one thousand percent over the

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<v Speaker 3>last five years. So when you have anything that calls

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<v Speaker 3>into question the profitability of AI, the need for AI spending,

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<v Speaker 3>that's going to hit a name like this, and that's

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<v Speaker 3>why you see this weakness today.

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<v Speaker 2>This stock Movers report from Bloomberg Radio. Check back with

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