Bloomberg Audio Studios, podcasts, radio news.
The Stock Movers Report, your roundup of companies making moves in the stock market, harnessing the power of Bloomberg Data.
A little bit of wavering here after the CPI report, but we do have some individual companies that we're watching. We're going to get to more with that with Noura. Melinda Bloomberg, Television Markets Correspondent, Noura, what are you watching today?
Well, let's take a look at meta platforms. Let's take our m ETA. We're seeing shares lower by about two percent. This is after some news that investors are digesting that the company is slashing more than one thousand jobs from it's reality Labs division. This is a plan to essentially redirect resources toward AI, wearables and phone features. I don't know if you guys remember some years back when everyone was talking about the metaverse, Well, data really take off
in the way that they anticipated it would. There's this plan that we would do pretty much everything in the metaverse, whether it's shopping, eating, things like that, and it hasn't really taken off. So they are slashing and really reducing that division here. So you're seeing investors really trying to figure out how they feel about this in addition to the fact that we did.
Why did they change the name of the cup?
Why do they change the name?
Well, that's a question for.
Them, we'll have to ask.
One time, Zuckerberg was betting big on the metaverse big.
Then My favorite story was that he was in his house in Hawaii meeting with his team about how they would kind of loosen an investment in this in this technology.
Yes, I remember seeing that Hawaii.
Story is that when he put on a lot of sunscreen like it made his face all light.
I remember that one.
Yeah, that was all all the time though, Yeah, absolutely right.
Second stock, Second stock, Well, we're looking at airlines. I've got Delta Airlines and particular in focus that's ticker DL. We're seeing shares down by about one point seven percent. This is after they provided a profit forecast missed analyst expectations. This essentially is underscoring the idea of a more cautious
view for twenty twenty six. They're expecting full year earnings per share for twenty twenty six to be in the range of six dollars fifty cents to seven dollars and fifty cents the midpoint of that, falling shorten of estimates. But they did say that they plan to invest in their fleet, including a landmark order of Boeing seven eight to seven Dreamliners jets. But essentially we do still see
the street not really liking this. Of course, we'll be hearing from some more airlines through this earning season.
One more for US Nora. What else are you watching today?
Let's take a look at L three Harris Technologies, that's ticker LHX. We're seeing shares up about two point seven percent. This is after they got the US Department of Defense investing in the company. They're set to invest in its missile unit with a one billion dollar convertible preferred security. This investment will significantly increase capacity to build solid rocket motors for US missiles. That's according to the company. But this really is just an underscoring of this idea of
bolstering the US defense efforts increasing production of systems. And also when we think about air defense missiles and advanced strike missiles, we're really seeing a bet on that.
Here the stock mover's report from Bloomberg Radio. Check back with us throughout the day for the latest roundup. Of companies making news on Wall Street, and for the latest market moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, Bloomberg dot com, and on Applecarplay and Android Auto with the Bloomberg Business App.