00:00 Speaker A
I just want to take a quick look at some of the earnings drivers that we’re focused on this morning because that’s another track that we need to focus on, and I want to highlight that there are a lot of big drivers on the earnings side. Ford’s stock price hasn’t moved much, but it’s clearly a big company. For Ford, it’s a bit more complicated. The company said its EBITDA this year will be as high as $10 billion. Fourth-quarter data failed to meet standards, and the company was unexpectedly hit by $900 million in tariffs
00:27 Speaker A
Because the U.S. government basically allowed them to waive tariffs, well, that was a change for them. Lift shares plunged 15%. The company said first-quarter EBITDA will be lower than expected and fourth-quarter active rides and rides will also be lower than expected. We’ll talk to CEO David Risher at 10:00 and get more insight from him on what’s going on. Kraft Heinz is excellent here. Remember last year, the company said it was going to split.
00:52 Speaker A
Now, the new CEO, well, Steve Cahillane comes in and says, no, we’re not going to split, or at least we’re temporarily suspending the split, even though the company reported earnings that beat expectations, but the stock price is falling. And then a quick look at the toy makers here this morning. Mattel’s results were well below expectations due to weak U.S. sales. The stocks fell nearly 30%. Hasbro’s figures look better,
01:15 Speaker A
Uh, but those stocks also fell. Well, my colleague Brian Sozzi will be talking to the CEO of Hasbro in a moment.