WEBVTT - AWS Disruption; Boeing Pops; Beyond Meat Meme Stock

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

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

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Six point fifty five on Wall Street ty to take

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<v Speaker 3>a look at some of the stocks on the move today,

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<v Speaker 3>and we're joined by Bloomberg's Battery Tight Tell and we

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<v Speaker 3>just heard Michael do the story. But I was shocked

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<v Speaker 3>actually to learn that Amazon Web Services controls about a

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<v Speaker 3>third of the cloud markets. So that's like, you know,

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<v Speaker 3>you better have a backup if something goes wrong there.

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<v Speaker 3>How's that stock performing?

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<v Speaker 4>Hey, we're in the red. We're hovering in near session lows.

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<v Speaker 1>When it comes to pre market, Amazon down two tenths

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<v Speaker 1>of one percent, notably underperforming the rest of the mag seven,

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<v Speaker 1>which is decently in the green.

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<v Speaker 4>On the day, we have NASTAC futures up three tenths

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<v Speaker 4>of one percent.

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<v Speaker 1>But this is after, as you mentioned, widespread internet issues.

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<v Speaker 1>Amazon is the world's life largest cloud provider. It has

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<v Speaker 1>given an update in the last twenty minutes saying that

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<v Speaker 1>operations are back to normal, but it impacted a dozen

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<v Speaker 1>of platforms, including things like Snapchat, coin Base, Perplexity, robin

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<v Speaker 1>Hood and even Verizon. So we are on a back

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<v Speaker 1>foot when it comes to those Amazon shares this morning.

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<v Speaker 3>Yeah, the thing I learned today was you'd better have

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<v Speaker 3>a backup even if you know you have them as

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<v Speaker 3>your service provider. Boeing, what's going on there?

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<v Speaker 1>Flying higher, flying higher, one point seven percent higher in

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<v Speaker 1>the pre market for Boeing shares. This comes off the

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<v Speaker 1>back of a highly speculated move that the FAA is

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<v Speaker 1>now allowing Boeing to raise the production of its seven

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<v Speaker 1>three seven jet airliners to forty three jets, sorry, forty two.

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<v Speaker 4>Jets a month to be exact.

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<v Speaker 1>Now, this is a crucial step up for Boeing as

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<v Speaker 1>it's attempting a path to recovery following a series of

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<v Speaker 1>criseses with the seven thirty seven. Remember it was back

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<v Speaker 1>in January of twenty twenty four that the door blew

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<v Speaker 1>out on the Laska Airlines flight, and the FAA after

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<v Speaker 1>that had placed safety inspectors at Boeing's factory and then

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<v Speaker 1>limited production of the plane. Now, the fa set on

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<v Speaker 1>Friday that the higher production rate won't change how it's

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<v Speaker 1>currently moder monitoring Boeing's manufacturing or the company's push to

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<v Speaker 1>strengthen its safety culture. So those inspectors will continue to

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<v Speaker 1>work at Boeing's facilities. But production looks like it could

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<v Speaker 1>be ramping up for Boeing in their seven thirty sevens.

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<v Speaker 3>And then at the intersection of energy and artificial intelligence,

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<v Speaker 3>we find Liberty Energy. I don't know who they are.

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<v Speaker 1>Well, they traditionally are an oil fracking company. But not

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<v Speaker 1>only now do we have bitcoin miners jumping into the

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<v Speaker 1>data center trade, we now have oil frackers joining the party.

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<v Speaker 1>So Liberty Energy the stock jump twenty eight percent on Friday,

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<v Speaker 1>It's another seven percent higher in pre market, and this

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<v Speaker 1>is on the back of them rapidly expanding their power

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<v Speaker 1>generation business. They outlined a plan for a one gigawatt

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<v Speaker 1>power capacity target through twenty twenty seven. That is too

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<v Speaker 1>power oil drillers and most importantly, data center developers.

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<v Speaker 3>Okay, I'm betting there's no connection with artificial intelligence. But

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<v Speaker 3>beyond meat, what's going on there?

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<v Speaker 4>Well, the move this morning is maybe beyond comprehension. John.

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<v Speaker 4>The share price has risen sixty two percent.

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<v Speaker 1>It is now becoming the retail meme stock DuJour as

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<v Speaker 1>the focus turns to this leaguered Penny stock. It is

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<v Speaker 1>the most actively traded stock on the US Exchange this morning,

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<v Speaker 1>and this comes after the stock dropped around seventy percent

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<v Speaker 1>last week after a debt swap deal wiped out a

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<v Speaker 1>lot of shareholder value, but retail traders see it as

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<v Speaker 1>possibly the next short squeeze target.

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