By coinnews 
00:00 Speaker A
Now time for some of today’s trending tickers. We’re watching Netflix, Tyson Foods, and United. First up, Netflix shares are sinking pre-market after President Trump announced plans to impose a 100% tariff on films made outside of the US. In a post on Truth Social, Trump said he authorized the Department of Commerce to immediately begin the process of instituting the additional tariffs. Commerce Secretary Howard Lutnick said we’re on it in a post on X and details on how tariffs would be calculated that still remains unclear. The announcement also weighing on shares of the likes of Disney and Warner Brothers as well. You’re seeing all of them move lower here pre-market.
00:41 Speaker B
Yeah, and as has become the norm with these tariff announcements, we don’t have a lot of clarity on how they will be enacted or the specifics here. For example, it’s not clear if movies or TV shows that are in fact shot overseas, but then finished in the US, might be able to be exempt from some of these potential tariffs that the president is talking about here. Having said that, we do already have some analyst commentary coming in. Benchmark analyst Matthew Harrigan talking about the announcement saying it puts further noise into all of these entertainment stocks in a time where we already do have uncertainty.
01:16 Speaker A
Yeah, and this post on Truth Social, Trump saying the movie industry in America is dying a very fast death. He obviously hasn’t seen Sinners yet, because they come back to life.
01:36 Speaker B
Hey, you know, I’m, you know, I’m seeing it this weekend, so no spoilers, no spoilers. All right, well, next up, we’re gonna talk about Tyson Foods earnings topping expectations in the company’s fiscal second quarter, as profits in its chicken business offset losses in the beef division. Tyson, which makes products like Jimmy Dean sausages and Hillshire Farm hams, saw adjusted operating income rising nearly 27% on a year-over-year basis. Strong demand for chicken and cheaper bird feed have benefited margins during the three-month period. Chicken profits have been key for the company and alleviating costs associated with a recent cattle shortage, also potentially a recession indicator that we sometimes talk about when you see increased chicken sales versus a decline in beef sales. But missing the mark on sales, that appears to be the sticking point for investors, and as you can see, it’s bringing down the stock about 5% this morning.
02:44 Speaker A
Down in pretty much every segment here, the volumes were down except for chicken to your point. Volume change up 3% for the most recent second quarter for this company in chicken, but beef was down 1.4%, pork was down 3.8%, prepared foods, international, other category, those also down single digit percentages. And then you also think about what the pricing fluctuations have looked like. The prices were actually higher across beef, pork, uh, prepared foods as well, and you still did see that volume pull back. So customers pushing back on price being very selective about even the proteins that they’re buying into, uh, and we’re gonna be continuing to watch how investors really price this into shares of Tyson, which are moving lower by about 5% here before the start of trade on the day.
03:41 Speaker A
Finally here, we got to talk about this one, widespread delays are stretching into another week at New York International Airport, a United Airlines Hub. Staffing issues saw more than 500 flights either canceled or delayed at the airport over the past few days. United CEO Scott Kirby says the airline is cutting 35 round trip flights per day from its New York schedule because of the ongoing issues. Kirby blaming technology issues and a chronically understaffed air traffic team for the delays. In response to the delays, Transportation Secretary Sean Duffy unveiled a new plan to overhaul the air traffic controller workforce here. Shares of United are down by about 1%, and here’s why. The overall footprint that United has at that airport are amazingly critical, and this represents about 10% of their domestic schedule here that actually runs through the United New York Liberty International Airport, or New York Liberty International Airport here. Um, I didn’t want to brand it as United’s, but the footprint that they have there, even though there are 50 carriers at that airport, United is one of the largest there. And then ultimately, we had heard from some of the capacity cuts that were already going to be made by airlines, knowing that there was some uncertainty going into the mix into the current quarter and future out into the summer travel season, and this added on top of it creates a even more of a headwind that we’ve heard about from some of the executives that we’ve spoken with about how much more investment needs to be made within the government system and resources to make sure that flying continues to remain safe as it has been for decades, despite some of the major headlines to start this year.
05:42 Speaker B
Yeah, that’s such a great stat that you pointed out too, Brad, about how exposed Southwest is specifically to any issues at that airport. United. I’m so sorry. Thank you for for correcting that. Yeah, and then and then I also think it’s important to point out something that was reported by MSNBC over the weekend, a correspondent being told by an air traffic controller that the airport there is not safe for the flying public at the moment. Of course, that can lead to concern for consumers who may be flying in and out of that airport here, as United CEO did mention that 20% walk off from from FAA workers here. And you can scan the QR code below to track the best and worst performing stocks with the Yahoo finances trending tickers page.
06:10 Speaker A
United, yes.
06:33 Speaker B
Yep.