1 00:00:02,520 --> 00:00:07,320 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market. Harnessing the power of Bloomberg data. 4 00:00:16,640 --> 00:00:18,479 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:18,480 --> 00:00:22,760 Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel. Valerie, good morning. 6 00:00:22,800 --> 00:00:25,960 Speaker 3: The broader rally may be fading, but maybe it's a 7 00:00:26,000 --> 00:00:29,720 Speaker 3: flight to foot Locker this morning. What a bid that's 8 00:00:29,760 --> 00:00:32,480 Speaker 3: catching happy merger Thursday exactly. 9 00:00:33,040 --> 00:00:37,080 Speaker 1: Foot Locker up nearly eighty three percent this morning, trading 10 00:00:37,280 --> 00:00:39,600 Speaker 1: just under twenty four dollars to share. It's been announced 11 00:00:39,600 --> 00:00:43,560 Speaker 1: that Dick's Sporting Goods is to buy the apparel giant 12 00:00:43,560 --> 00:00:46,479 Speaker 1: for an equity value of about two point four billion dollars, 13 00:00:46,520 --> 00:00:48,520 Speaker 1: with the values that at twenty four dollars a share. 14 00:00:48,520 --> 00:00:51,120 Speaker 1: So we're trading all the way up to that deal 15 00:00:51,159 --> 00:00:53,840 Speaker 1: price for foot Locker eighty three percent on the rise, 16 00:00:54,200 --> 00:00:57,240 Speaker 1: Dix on the on the downside after on this announcement, 17 00:00:57,320 --> 00:01:00,840 Speaker 1: it's down near thirteen percent. But the purchase of foot 18 00:01:00,840 --> 00:01:05,280 Speaker 1: Locker encompasses approximately twenty four hundred retail stores across twenty countries. 19 00:01:05,600 --> 00:01:07,959 Speaker 1: In an attempt for dick sporting goods to create a 20 00:01:08,000 --> 00:01:10,120 Speaker 1: global leader in the sports retail industry. 21 00:01:10,280 --> 00:01:13,440 Speaker 3: Big deal, big lifeline for Footlocker after all the struggles. 22 00:01:13,760 --> 00:01:17,240 Speaker 3: Another stock on the move higher this morning, Boeing. They've 23 00:01:17,280 --> 00:01:18,959 Speaker 3: been making a lot of news this week to say 24 00:01:19,000 --> 00:01:19,720 Speaker 3: the last fount. 25 00:01:20,120 --> 00:01:20,680 Speaker 2: Yes they have. 26 00:01:21,000 --> 00:01:23,240 Speaker 1: The shares are up nearly two percent in pre market 27 00:01:23,280 --> 00:01:26,520 Speaker 1: trade after it landed its biggest ever aircraft order from 28 00:01:26,600 --> 00:01:29,679 Speaker 1: Kutar Airways. Cut Our Airways agreed to buy up to 29 00:01:29,720 --> 00:01:32,319 Speaker 1: two h and ten wide body aircraft and a deal 30 00:01:32,360 --> 00:01:37,040 Speaker 1: worth ninety six billion dollars Boeing perhaps marking a comeback 31 00:01:37,120 --> 00:01:39,399 Speaker 1: from its crisis here. The deal is a major win 32 00:01:39,520 --> 00:01:42,200 Speaker 1: not just for Boeing but also President Donald Trump, who 33 00:01:42,200 --> 00:01:44,760 Speaker 1: witnessed the signing ceremony and touted the pact as a 34 00:01:44,840 --> 00:01:48,680 Speaker 1: record that would help secure jobs at homes. That's Boeing 35 00:01:48,720 --> 00:01:51,080 Speaker 1: on the upside, up near two percent this morning. 36 00:01:50,960 --> 00:01:53,720 Speaker 3: And joining Boeing on the upside of big tech company 37 00:01:54,000 --> 00:01:56,040 Speaker 3: Cisco Systems after earnings huh yeah. 38 00:01:56,040 --> 00:01:59,680 Speaker 1: Cisco Systems up to three point seven percent. It boosted 39 00:01:59,680 --> 00:02:02,840 Speaker 1: its twent twenty five full year guidance driven by demand 40 00:02:02,920 --> 00:02:06,880 Speaker 1: for its systems using AI technology. The CEO also said 41 00:02:06,880 --> 00:02:10,400 Speaker 1: that the company hasn't seen customers slowing down purchases and 42 00:02:10,480 --> 00:02:14,720 Speaker 1: expect spending to continue despite economic uncertainty and tariff so 43 00:02:15,080 --> 00:02:17,360 Speaker 1: raising the guidance and also some strong language from the 44 00:02:17,400 --> 00:02:20,560 Speaker 1: CEO on the path forward has those shares of Cisco 45 00:02:20,639 --> 00:02:22,480 Speaker 1: rising three point seven percent in the pre market. 46 00:02:22,639 --> 00:02:25,799 Speaker 3: Okay, let's move to some stocks that are moving lower 47 00:02:25,919 --> 00:02:29,680 Speaker 3: this morning. Leading that list of this morning is United Health. 48 00:02:29,960 --> 00:02:33,080 Speaker 1: Yeah. United Health shares are down six percent pre market. 49 00:02:33,080 --> 00:02:37,120 Speaker 1: They're under a criminal investigation for possible Medicare fraud. The 50 00:02:37,160 --> 00:02:40,280 Speaker 1: Wall Street Journal reporting the Justice Department has been probing 51 00:02:40,320 --> 00:02:44,320 Speaker 1: the company's Medicare advantage business since at least last summer. 52 00:02:44,639 --> 00:02:47,080 Speaker 1: United Health set in a statement late yesterday that the 53 00:02:47,160 --> 00:02:51,359 Speaker 1: DOJ had not notified it about the reported investigation. United 54 00:02:51,400 --> 00:02:53,480 Speaker 1: Health down six percent pre market. 55 00:02:53,680 --> 00:02:56,640 Speaker 3: Now, while we wait for retail sales figures in this country, 56 00:02:56,680 --> 00:03:00,720 Speaker 3: some disappointing earnings for a Chinese retail giant, Alibaba. 57 00:03:00,800 --> 00:03:04,440 Speaker 1: Alibaba ADRs are down near five percent in pre market trade. 58 00:03:04,480 --> 00:03:07,880 Speaker 1: The Chinese e commerce giant reported earnings this morning. Revenue 59 00:03:07,919 --> 00:03:12,160 Speaker 1: missed estimates, and Alibaba is now standing out in contrast 60 00:03:12,200 --> 00:03:15,320 Speaker 1: to rivals Tencent in JD DOT com who fared better 61 00:03:15,400 --> 00:03:18,760 Speaker 1: this earning season. Frankly, both those rivals reported fastest top 62 00:03:18,800 --> 00:03:21,959 Speaker 1: line expansion in years. It seems like Alibaba is struggling 63 00:03:22,000 --> 00:03:25,760 Speaker 1: with the intense competition. It had been counting on a 64 00:03:25,800 --> 00:03:28,840 Speaker 1: bounce back from its online commerce business and to support 65 00:03:28,880 --> 00:03:32,239 Speaker 1: its ambitious post deep Seek bet on artificial intelligence, so 66 00:03:32,280 --> 00:03:34,920 Speaker 1: it seems like some struggles there for the commerce e 67 00:03:35,080 --> 00:03:37,960 Speaker 1: giant out of China. Alibaba shares down four point seven 68 00:03:38,000 --> 00:03:39,200 Speaker 1: percent pre market. 69 00:03:40,280 --> 00:03:44,320 Speaker 2: This stock Moover's report from Bloomberg Radio. Check back with 70 00:03:44,400 --> 00:03:46,960 Speaker 2: us throughout the day for the latest roundup of companies 71 00:03:47,040 --> 00:03:50,120 Speaker 2: making news on Wall Street and for the latest market 72 00:03:50,160 --> 00:03:54,600 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 73 00:03:54,720 --> 00:03:58,200 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 74 00:03:58,280 --> 00:03:59,800 Speaker 2: the Bloomberg Business app.