Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data.
Speaker 2: All right, just take a look at some of the
Speaker 2: stocks on the move today.
Speaker 3: Paul Sweeney alongside Alexis Christophers, and we're joined by bloombergs
Speaker 3: John Tucker, John, what do you got for us here?
Speaker 2: All right? We have to start with Apple. You know,
Speaker 2: since the start of the year, the stock has been
Speaker 2: down actually something like one percent. A lot of criticism
Speaker 2: of the company for not embracing artificial intelligence to the
Speaker 2: extent that investors think they should. Apple delivering pretty strong
Speaker 2: revenue forecast for the third quarter. It were that memory
Speaker 2: chip costs also that that's going to increase. Shortages of
Speaker 2: Mac computer is going to persist for several months. Still,
Speaker 2: those shares they were higher. The company said sales going
Speaker 2: to rise fourteen to seventeen percent in the period. The
Speaker 2: outlook does look pretty good at both pretty all. For
Speaker 2: the incoming CEO is going to take over for Tim
Speaker 2: Cook on September one, John Turnis. Turners appear briefly on
Speaker 2: the conference goal saying he would maintain Cook's thoughtfulness, deliberateness
Speaker 2: and discipline as CEO of Apple when he does take
Speaker 2: over at.
Speaker 3: One more quarter with Tim Cook as overseeing right now,
Speaker 3: one more earnings call with Tim Cook is really how
Speaker 3: and then of course that their developers conference in June
Speaker 3: going to be the next big thing we're all looking at.
Speaker 3: S Day Lauder. More news coming out of the Fragrance Giant.
Speaker 2: Yeah, cutting as many as three thousand more jobs are
Speaker 2: going to generate a further two hundred million dollars of
Speaker 2: savings to help boost their turnaround plans. So investors like it,
Speaker 2: even though it's bad news at least for the employees.
Speaker 2: The owner of Ordinary Brands among others, said this morning
Speaker 2: as many as ten thousand rolls will now go off
Speaker 2: from the previous target of seven thousand announced a year ago.
Speaker 2: I'll looked it up on the Bloomberg Este latter actually
Speaker 2: has a global workforce of fifty seven thousand.
Speaker 3: Wow.
Speaker 2: So they're trying to overhaul the knglimer. They've had three
Speaker 2: years of annual sales drops there and with the latest
Speaker 2: cuts have as much as one point two billion dollars
Speaker 2: in savings before taxes to invest in. I guess revamp
Speaker 2: the company salesman. In particular in the US, they've been
Speaker 2: flat Stilauters struggled on home turf because tough competition from
Speaker 2: all the other cosmetics startups.
Speaker 3: And they didn't really mention the pooge push.
Speaker 2: Well, yeah, I mean that's part of the going forward,
Speaker 2: the acquisition and the plans to turn this puppy around
Speaker 2: from Spain.
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