1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market. Harnessing the power of Bloomberg Data. 4 00:00:16,600 --> 00:00:18,800 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,880 --> 00:00:22,680 Speaker 1: I'm Nathan Hager, joined by Bloomberg's Dan Curtis, tracking the 6 00:00:22,760 --> 00:00:26,160 Speaker 1: market reaction to the conflict in the Middle East at 7 00:00:26,200 --> 00:00:29,520 Speaker 1: a micro level, at a sector level as well. Defense 8 00:00:29,600 --> 00:00:32,840 Speaker 1: stocks are on the rise this morning. Dan, Good morning, 9 00:00:33,120 --> 00:00:34,080 Speaker 1: Good morning, Nathan. 10 00:00:34,159 --> 00:00:37,080 Speaker 3: That's right. So in particular, three names I'm watching are 11 00:00:37,159 --> 00:00:41,080 Speaker 3: Lockheed Martin ticker lmtrt X, which is the company, and 12 00:00:41,120 --> 00:00:44,440 Speaker 3: the ticker Northrop Grumman and NOOC all are up about 13 00:00:44,479 --> 00:00:48,000 Speaker 3: six percent in pre market. These companies sit at the 14 00:00:48,040 --> 00:00:51,000 Speaker 3: center of air missile defense and strike capability, so these 15 00:00:51,040 --> 00:00:53,320 Speaker 3: are the ones that are in focus today. A shorter 16 00:00:53,440 --> 00:00:56,360 Speaker 3: conflict in Iran does favor navy and air force spending 17 00:00:56,400 --> 00:00:59,720 Speaker 3: and there for the suppliers these companies. If the conflict 18 00:00:59,720 --> 00:01:02,120 Speaker 3: becomes more drawn now it could put my army and 19 00:01:02,160 --> 00:01:05,559 Speaker 3: marine programs back in focus. But for now, these defense 20 00:01:05,640 --> 00:01:08,840 Speaker 3: companies getting a huge bit in pre market, up six percent. 21 00:01:09,040 --> 00:01:12,440 Speaker 1: And we've been watching the rally in energy commodities. That's 22 00:01:12,480 --> 00:01:15,360 Speaker 1: got to be reflected in the stocks as well. 23 00:01:15,440 --> 00:01:19,280 Speaker 3: Right exactly, we have WTI up seven percent in the 24 00:01:19,280 --> 00:01:22,080 Speaker 3: pre seven percent right now. As you mentioned, Katar Energy 25 00:01:22,120 --> 00:01:25,600 Speaker 3: is stopping LNG production. This space very much under pressure. 26 00:01:25,840 --> 00:01:29,200 Speaker 3: That is benefiting the stocks. Exonmobile, Chevron both are up 27 00:01:29,240 --> 00:01:31,840 Speaker 3: about four percent in the pre market. The Strait of 28 00:01:31,880 --> 00:01:36,759 Speaker 3: Horror Moves is a massive focal point. This morning, about 29 00:01:36,800 --> 00:01:39,640 Speaker 3: twenty million barrels of oil flow through it per day, 30 00:01:39,720 --> 00:01:44,520 Speaker 3: that's nearly twenty percent of global demand. Yesterday, Irenian authority 31 00:01:44,560 --> 00:01:47,280 Speaker 3: said the Horn Moves remained open but claimed attacks on 32 00:01:47,360 --> 00:01:49,960 Speaker 3: three oil tankers, and President Trump says the US sank 33 00:01:50,120 --> 00:01:53,480 Speaker 3: nine Uranian naval ships. So we're looking at how this 34 00:01:53,560 --> 00:01:56,480 Speaker 3: get impacts this flow of crude as the area is 35 00:01:56,520 --> 00:01:58,440 Speaker 3: absolutely crucial and. 36 00:01:58,360 --> 00:02:01,560 Speaker 1: We've seen traveled this disrupted in a major way with 37 00:02:01,600 --> 00:02:05,160 Speaker 1: what's happening in the Middle East. Airlines under pressure. 38 00:02:05,200 --> 00:02:08,760 Speaker 3: That's right. So we have international airlines, particularly say Air 39 00:02:08,840 --> 00:02:12,000 Speaker 3: France is down eight percent right now. But US carriers 40 00:02:12,000 --> 00:02:14,799 Speaker 3: are not immune to this either. United Airlines is down 41 00:02:14,960 --> 00:02:17,840 Speaker 3: nearly five is down over five percent in pre market. 42 00:02:17,880 --> 00:02:22,280 Speaker 3: Delta American Southwest for four or five percent down and 43 00:02:22,320 --> 00:02:24,080 Speaker 3: it's kind of a two fur right. So we have 44 00:02:24,120 --> 00:02:26,720 Speaker 3: the disruption in the airspace and that's going to be 45 00:02:27,200 --> 00:02:29,880 Speaker 3: pressuring these these companies, but it's also that rise and 46 00:02:29,919 --> 00:02:31,839 Speaker 3: crewed that's really going to be crimping the bottom line 47 00:02:31,880 --> 00:02:34,440 Speaker 3: to these companies as they need to spend more on oil. 48 00:02:34,560 --> 00:02:38,160 Speaker 3: So even the more domestic, you know, airlines that aren't 49 00:02:38,160 --> 00:02:40,880 Speaker 3: seeing the same disruption to their flights, they have to 50 00:02:40,919 --> 00:02:42,360 Speaker 3: contend with higher energy prices. 51 00:02:42,480 --> 00:02:45,160 Speaker 1: But it's not just airlines getting disrupted this morning, Dan, 52 00:02:45,280 --> 00:02:47,240 Speaker 1: so are some tech stocks. 53 00:02:47,160 --> 00:02:50,600 Speaker 3: That's right. So Amazon reports that an Amazon Web service 54 00:02:50,639 --> 00:02:53,880 Speaker 3: disruption after an unidentified object hit a data center in 55 00:02:53,919 --> 00:02:57,040 Speaker 3: the UAE. Amazon said it happened around four thirty pm 56 00:02:57,200 --> 00:03:01,760 Speaker 3: Dubai time on Sunday, create a firepower to the facility 57 00:03:01,760 --> 00:03:04,280 Speaker 3: will shut down as the fire department work to extinguish 58 00:03:04,280 --> 00:03:07,560 Speaker 3: the blaze. That is one place of one hundred and 59 00:03:07,600 --> 00:03:10,120 Speaker 3: twenty three zones of data centers across the thirty nine regions, 60 00:03:10,120 --> 00:03:13,560 Speaker 3: so there is there is some regional diversity diversification there. 61 00:03:13,639 --> 00:03:16,600 Speaker 3: But still Amazon is down two percent in pre market. 62 00:03:16,639 --> 00:03:19,960 Speaker 3: But it's also across this broader risk off move. Nvidia 63 00:03:20,080 --> 00:03:22,280 Speaker 3: has been pairing some of those losses. It's down about 64 00:03:22,320 --> 00:03:25,080 Speaker 3: one percent. In pre market sand Disk, which is not 65 00:03:25,520 --> 00:03:27,840 Speaker 3: super concentrated in the Middle East, that's down three percent. 66 00:03:27,919 --> 00:03:29,720 Speaker 3: A lot of the high risk, a lot of the 67 00:03:29,800 --> 00:03:32,519 Speaker 3: names I've gone a huge bit, are pulling back as 68 00:03:32,800 --> 00:03:33,679 Speaker 3: the market's d risk. 69 00:03:34,639 --> 00:03:38,640 Speaker 2: This stock Movers report from Bloomberg Radio. Check back with 70 00:03:38,720 --> 00:03:41,320 Speaker 2: us throughout the day for the latest roundup of companies 71 00:03:41,360 --> 00:03:44,440 Speaker 2: making news on Wall Street and for the latest market 72 00:03:44,520 --> 00:03:49,000 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 73 00:03:49,080 --> 00:03:52,560 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 74 00:03:52,640 --> 00:03:54,120 Speaker 2: the Bloomberg Business app.