1 00:00:02,520 --> 00:00:08,800 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:17,840 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,960 --> 00:00:20,000 Speaker 3: All right, let's get to some of the stocks on 5 00:00:20,079 --> 00:00:22,759 Speaker 3: the move. I'm Carol Master along with Matt Miller and 6 00:00:22,800 --> 00:00:25,320 Speaker 3: with us a Bloomberg News processor reporter Isabelle Lee. 7 00:00:25,840 --> 00:00:26,800 Speaker 2: Where shall we begin? 8 00:00:27,440 --> 00:00:30,080 Speaker 1: We shall begin with Tesla. Shares are hired by more 9 00:00:30,080 --> 00:00:32,920 Speaker 1: than five percent. So this is interesting because shares jump 10 00:00:33,120 --> 00:00:36,200 Speaker 1: after Tesla posted at less dramatic decline and vehicle sales 11 00:00:36,479 --> 00:00:38,920 Speaker 1: than most have expected. So investors are really trying to 12 00:00:38,920 --> 00:00:42,080 Speaker 1: find the silver lining. Durs saying that maybe the bottom 13 00:00:42,200 --> 00:00:45,320 Speaker 1: is in. So Tesla saw its global sales tumble thirteen percent. 14 00:00:45,440 --> 00:00:47,400 Speaker 1: That's for the second quarter in a row. So this 15 00:00:47,440 --> 00:00:50,400 Speaker 1: really leaves Tesla in a deep car deficit to overcome 16 00:00:50,440 --> 00:00:52,599 Speaker 1: in the second half of the year. So sales were 17 00:00:52,640 --> 00:00:55,320 Speaker 1: expected to be boosted by the redesign model. Why but 18 00:00:55,360 --> 00:00:57,760 Speaker 1: it's still lineup. Just really lost ground to rivals in 19 00:00:57,880 --> 00:01:01,160 Speaker 1: China and the US. I mean, we have way in 20 00:01:01,200 --> 00:01:03,120 Speaker 1: the West Coast and a lot of my friends Emmily 21 00:01:03,120 --> 00:01:05,319 Speaker 1: Grafeya have been saying that love it. It's great. 22 00:01:05,360 --> 00:01:07,240 Speaker 3: I have a written one love it, love it, love it. 23 00:01:07,680 --> 00:01:11,040 Speaker 3: Tesla shares ticker t SLA. But they're up about five percent, 24 00:01:11,160 --> 00:01:13,160 Speaker 3: so because it wasn't just as bad as everybody expects. 25 00:01:13,200 --> 00:01:14,840 Speaker 1: Yes, and I guess you just have to find a 26 00:01:14,880 --> 00:01:17,360 Speaker 1: silver lining. And we know that Tesla is one of 27 00:01:17,360 --> 00:01:19,720 Speaker 1: those stocks which have really such a loyal following. 28 00:01:20,680 --> 00:01:25,080 Speaker 4: You're also looking at Nike, nk E, Lululemon, l U, 29 00:01:25,319 --> 00:01:30,880 Speaker 4: l U Gap. What's gap now GPS gap gap They changed. 30 00:01:31,800 --> 00:01:32,800 Speaker 3: Stess Yes. 31 00:01:33,240 --> 00:01:36,039 Speaker 4: So anyway, you're looking at these stocks whose tickers I 32 00:01:36,120 --> 00:01:40,240 Speaker 4: have all duly spelled out. They're all gaining I would 33 00:01:40,280 --> 00:01:44,240 Speaker 4: guess on or they were gaining initially on the Vietnam treaty. 34 00:01:44,319 --> 00:01:45,600 Speaker 4: What does it look like now. 35 00:01:45,560 --> 00:01:47,520 Speaker 1: They're still in the green? We have those are furniture 36 00:01:47,560 --> 00:01:49,720 Speaker 1: and apparel stocks. Then thank you for naming the tickers. 37 00:01:49,720 --> 00:01:51,560 Speaker 1: So we have Trump saying that Vietnam will pay a 38 00:01:51,640 --> 00:01:54,080 Speaker 1: twenty percent tiff on all goods headed to the US. 39 00:01:54,120 --> 00:01:57,000 Speaker 1: So this is a level, again, higher than investors are expecting. 40 00:01:57,000 --> 00:01:59,240 Speaker 1: We have vital knowledge saying that this is better than 41 00:01:59,240 --> 00:02:02,200 Speaker 1: the reciprocal applied to the country in April. But it's 42 00:02:02,240 --> 00:02:05,000 Speaker 1: so fairly elevated. Although we have true is saying that, 43 00:02:05,080 --> 00:02:08,200 Speaker 1: you know, this latest guidance of companies ranges largely embed 44 00:02:08,240 --> 00:02:11,240 Speaker 1: the ten percent rates, so they do expect some downside, 45 00:02:11,240 --> 00:02:14,160 Speaker 1: too many outlooks. But for now stocks are into greed. 46 00:02:14,480 --> 00:02:19,320 Speaker 1: All those NIKELT, Lemon, Gap and Williams Sonoma WSM. Yeah, 47 00:02:19,360 --> 00:02:20,160 Speaker 1: they're all in degreed. 48 00:02:20,280 --> 00:02:21,040 Speaker 2: It makes sense, right. 49 00:02:21,080 --> 00:02:22,640 Speaker 4: I'm a huge fan of Williams. So no Noma, but 50 00:02:22,680 --> 00:02:24,079 Speaker 4: I did not know they made a lot of their 51 00:02:24,080 --> 00:02:24,919 Speaker 4: gear in Vietnam. 52 00:02:25,480 --> 00:02:25,720 Speaker 2: Yes. 53 00:02:25,720 --> 00:02:27,560 Speaker 4: In fact, I go there and pay the high price 54 00:02:27,600 --> 00:02:29,240 Speaker 4: because I assume it's made in America. 55 00:02:29,320 --> 00:02:29,639 Speaker 2: Stuff. 56 00:02:29,760 --> 00:02:30,440 Speaker 1: What do you buy? 57 00:02:31,120 --> 00:02:33,560 Speaker 4: I buy a lot of things for cooking, right, and 58 00:02:33,600 --> 00:02:37,160 Speaker 4: I know, like if I get lu Crusette cast iron pans, 59 00:02:37,160 --> 00:02:39,120 Speaker 4: they're not made in the US. But otherwise, if I'm 60 00:02:39,160 --> 00:02:42,920 Speaker 4: paying a big price, I want it to be you know, 61 00:02:43,280 --> 00:02:47,400 Speaker 4: made like high quality stuff by workers in Minnesota. 62 00:02:47,560 --> 00:02:50,800 Speaker 1: You're paying for overhead costs, the rent and Columbus circle. 63 00:02:50,840 --> 00:02:52,760 Speaker 1: Where are they? Am I making that a circle? 64 00:02:52,800 --> 00:02:55,680 Speaker 3: They have a big, big place. Yeah, yeah, yeah, I 65 00:02:55,760 --> 00:02:57,280 Speaker 3: have to just turn it over. It usually tells you 66 00:02:57,280 --> 00:02:59,720 Speaker 3: where things are made. I'm just telling your point one 67 00:02:59,720 --> 00:03:03,560 Speaker 3: more DNC is the ticker health Insured that's sent kill. 68 00:03:03,960 --> 00:03:06,400 Speaker 1: This is really I think the stock of the day. 69 00:03:06,440 --> 00:03:08,959 Speaker 1: Shares are plunging the most on record since they iPod 70 00:03:09,000 --> 00:03:11,079 Speaker 1: in two thousand and one. So basically, the company's shock 71 00:03:11,200 --> 00:03:14,040 Speaker 1: investors when they do their profit outlook on rising risks 72 00:03:14,080 --> 00:03:17,000 Speaker 1: from Affordable Care Act plans. So Sentin appears to have 73 00:03:17,040 --> 00:03:19,440 Speaker 1: been really caught badly off guard by the impact of 74 00:03:19,480 --> 00:03:21,519 Speaker 1: government actions. And again, of course this is an allman 75 00:03:21,600 --> 00:03:24,280 Speaker 1: a sign for investors because the purpose of insurance is 76 00:03:24,320 --> 00:03:27,720 Speaker 1: the price for risk, but lately they've been blindsided by 77 00:03:27,800 --> 00:03:30,639 Speaker 1: those very risks. So you see shares dropping by forty 78 00:03:30,639 --> 00:03:34,920 Speaker 1: percent today and others are also affected Molina Oscar Health, 79 00:03:35,040 --> 00:03:37,040 Speaker 1: So the industry is just really badly beaten. 80 00:03:38,480 --> 00:03:42,600 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 81 00:03:42,680 --> 00:03:45,440 Speaker 2: us throughout the day for the latest roundup of companies 82 00:03:45,480 --> 00:03:48,520 Speaker 2: making news on Wall Street and for the latest market 83 00:03:48,560 --> 00:03:52,920 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 84 00:03:52,960 --> 00:03:56,240 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 85 00:03:56,280 --> 00:04:03,040 Speaker 2: the Bloomberg Business app.