WEBVTT - Apple Falls, Trip.com Falls, Wendy's Down After Meme-Stock Crowd Piled In

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market. Harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's take a look at some of the stocks on

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<v Speaker 3>the move today. We can do that with Maria Klaudacobo

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<v Speaker 3>Crypto reporter, Bloomberg News Ecuador supporter Maria. What are you

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<v Speaker 3>looking at today?

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<v Speaker 1>Hey, thank you for having me today. I'm watching Apple.

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<v Speaker 1>That's sticker AAPL. Bloomberg News reported today that the company

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<v Speaker 1>is rising prices of max iPads home devices and the

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<v Speaker 1>Vision Pro and the share as well as much as

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<v Speaker 1>five percent today. The price hikes one Life on its

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<v Speaker 1>online retail store today, but the company did not raise

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<v Speaker 1>the prices of iPhones, Apple watches, AirPods prices, but it

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<v Speaker 1>did hands hints at a future hike for prices for

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<v Speaker 1>those items, and so they might be coming at some

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<v Speaker 1>point as well.

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<v Speaker 4>Could be happening maybe in September. We're hearing sons, don't

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<v Speaker 4>they have their event in September? The event September? Okay, So,

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<v Speaker 4>and some of these prices are kind of significant. I

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<v Speaker 4>was looking at was it the the mac one of

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<v Speaker 4>the macs up by two hundred dollars. That's right, that's big.

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<v Speaker 4>That's big. Okay, let's talk about Trip dot Com. What's

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<v Speaker 4>going on there?

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<v Speaker 1>Yeah, So that would be Tcom and their shares are

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<v Speaker 1>falling today. The company reported adjusted earnings for the first

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<v Speaker 1>quarter that missed analyst estimates, and the online travel agency

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<v Speaker 1>also expects a slower second quarter revenue growth. I think

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<v Speaker 1>this one's especially interesting because it gives us a read

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<v Speaker 1>on how consumers are acting in today's economic environment.

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<v Speaker 3>It's funny because we had a guest earlier from Alians

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<v Speaker 3>who they have a report out on travel, and they

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<v Speaker 3>said it's still bullish on travel. Here's but they talked

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<v Speaker 3>to the folks at trip dot com. Maybe all right,

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<v Speaker 3>Wendy's the home of the bacon eater. I'm a huge fan.

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<v Speaker 3>What's going on at Wendy's.

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<v Speaker 1>Yeah, well I love their spicy chicken sandwich. So that's

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<v Speaker 1>why I chose Wendy's. And that would be ticker w

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<v Speaker 1>e N and their shares are climbing today after rallying

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<v Speaker 1>twenty six percent on Wednesday. And we do think that

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<v Speaker 1>a memestock crowd is behind the moves. Retail trades piled

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<v Speaker 1>into Wendy's on Wednesday, after there was a post on

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<v Speaker 1>Reddit's Wall Street Bets page that urged its members to

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<v Speaker 1>save Wendy's before it's too late. So Wendy's, it's indeed

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<v Speaker 1>becoming a bit of a meme. Stock All right, very good.

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<v Speaker 3>I'll still go there.

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<v Speaker 1>You know.

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<v Speaker 4>One of their most ordered menu items hot and crispy

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<v Speaker 4>French fronds.

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<v Speaker 1>Really, I haven't tried them, but I'll give them.

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<v Speaker 4>All like a spicy chicken. Maybe that'll work for good combo.

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<v Speaker 3>Yeah, that was a thing.

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