1 00:00:02,520 --> 00:00:07,000 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 --> 00:00:18,759 Speaker 1: I'm Carol Master along with Tim Stanevik. Let's get to 5 00:00:18,800 --> 00:00:21,080 Speaker 1: some stocks on the move this Tuesday. For that, we're 6 00:00:21,160 --> 00:00:24,040 Speaker 1: joined by Bloomberg News equities reporter Avalon Parnell. She joins 7 00:00:24,120 --> 00:00:26,960 Speaker 1: us here in studio. Let's start with a name that 8 00:00:27,000 --> 00:00:28,640 Speaker 1: actually was moving in the aftermarket. 9 00:00:29,080 --> 00:00:32,839 Speaker 3: Yes, KB Home, that's ticker KBH slighting now about four percent. 10 00:00:33,080 --> 00:00:36,560 Speaker 3: That's after the homebuilder's second quarter forecast trailed estimates basically 11 00:00:36,640 --> 00:00:39,800 Speaker 3: across the board. It also reported revenue and home deliveries 12 00:00:39,840 --> 00:00:43,880 Speaker 3: for the first quarter that slightly missed expectations. Management did 13 00:00:43,960 --> 00:00:46,159 Speaker 3: also mention something that I found interesting, at least in 14 00:00:46,159 --> 00:00:49,000 Speaker 3: the release, that they have concerns surrounding the conflict in 15 00:00:49,040 --> 00:00:52,280 Speaker 3: the Middle East because it's introduced another layer of uncertainty 16 00:00:52,320 --> 00:00:55,320 Speaker 3: for consumers who are already facing several challenges in the 17 00:00:55,320 --> 00:00:58,160 Speaker 3: macro environment. Though of course they say that they're definitely 18 00:00:58,160 --> 00:00:59,360 Speaker 3: able to weather that storm. 19 00:00:59,640 --> 00:01:03,200 Speaker 1: Yes, we'll see right, but this is certainly something on 20 00:01:03,240 --> 00:01:05,880 Speaker 1: a couple of different levels that certainly could impact people 21 00:01:06,160 --> 00:01:07,480 Speaker 1: in terms of purchasing homes. 22 00:01:07,640 --> 00:01:11,080 Speaker 3: Was this the one you forgot to do in your decliners? 23 00:01:11,560 --> 00:01:12,160 Speaker 1: Didn't this earning? 24 00:01:12,720 --> 00:01:12,840 Speaker 2: Oh? 25 00:01:12,880 --> 00:01:13,640 Speaker 3: Yeah, I just came out. 26 00:01:13,800 --> 00:01:17,000 Speaker 1: Yeah see, okay, just making sure you know you were 27 00:01:17,000 --> 00:01:19,720 Speaker 1: going to do one on the home. No, oh, okay, 28 00:01:19,800 --> 00:01:22,360 Speaker 1: I don't know what I'm talking about. Let's just edit 29 00:01:22,400 --> 00:01:27,000 Speaker 1: that out, please, everybody. Let's actually keep that in. That 30 00:01:27,120 --> 00:01:28,240 Speaker 1: was kind of entertaining. 31 00:01:28,800 --> 00:01:32,800 Speaker 3: All right, let's keep going. What about ARM? Yes, ARM 32 00:01:32,920 --> 00:01:36,000 Speaker 3: ticker ARM very easy to remember, gaining about six point 33 00:01:36,000 --> 00:01:39,600 Speaker 3: six percent postmarket. That's after the semiconductor devices firm said 34 00:01:39,640 --> 00:01:41,920 Speaker 3: that it plans to begin selling its own chips for 35 00:01:41,959 --> 00:01:44,840 Speaker 3: the first time in a bid for some additional AI sales. 36 00:01:45,120 --> 00:01:48,240 Speaker 3: Meadow will be the first major customer, and the chips 37 00:01:48,240 --> 00:01:52,440 Speaker 3: will be produced by Taiwan Semiconductor Manufacturing. Also worth noting 38 00:01:52,440 --> 00:01:54,760 Speaker 3: that ARM expects those annual cells from the new chip 39 00:01:54,800 --> 00:01:58,480 Speaker 3: business to be about fifteen billion dollars within five hours. 40 00:01:59,280 --> 00:02:01,720 Speaker 3: The chips are expect to be available now. However, they're 41 00:02:01,720 --> 00:02:03,280 Speaker 3: going to begin shipping at the end of this year. 42 00:02:03,560 --> 00:02:06,280 Speaker 1: Yeah, I mean, we had a great interview from our 43 00:02:06,320 --> 00:02:10,160 Speaker 1: Tom mackenzie talking with the company's CEO. So it's it's interesting. 44 00:02:10,200 --> 00:02:13,200 Speaker 1: I mean, this is certainly something we're watching. And yeah, 45 00:02:13,280 --> 00:02:17,160 Speaker 1: I mean the whole semiconductor right space. I mean it's 46 00:02:17,240 --> 00:02:19,079 Speaker 1: up what about twenty three percent year to date, so 47 00:02:19,120 --> 00:02:22,600 Speaker 1: we've definitely seen moved to the upside. Yeah. Check out, well, no, 48 00:02:22,680 --> 00:02:25,480 Speaker 1: check out Rene Haas's interview on the Bloomberg terminal. As 49 00:02:25,520 --> 00:02:28,880 Speaker 1: Carol mentioned, Tom McKenzie sitting down with him on this Tuesday. 50 00:02:29,400 --> 00:02:31,400 Speaker 1: All right, now for something different. 51 00:02:31,440 --> 00:02:35,800 Speaker 3: Yes, very different. Immunity bioticker iv RX think about twenty 52 00:02:35,800 --> 00:02:38,200 Speaker 3: one percent into the clothes today for its biggest tumble 53 00:02:38,240 --> 00:02:41,680 Speaker 3: since twenty twenty four out for as slightly interesting reason. 54 00:02:41,720 --> 00:02:44,040 Speaker 3: That's after the FDA issued a warning letter to the 55 00:02:44,080 --> 00:02:47,360 Speaker 3: biotech for false and misleading promotion of its bladder cancer 56 00:02:47,440 --> 00:02:50,840 Speaker 3: drug and Kativa. At issue is a recent TV ad 57 00:02:50,840 --> 00:02:54,600 Speaker 3: for the drug and the firms billionaire executive chairman Patrick 58 00:02:54,680 --> 00:02:59,200 Speaker 3: Sun schung rhetoric on the Sean Spicer Show. He said 59 00:02:59,200 --> 00:03:01,920 Speaker 3: the drug could treat all cancers, but as I said earlier, 60 00:03:01,960 --> 00:03:05,000 Speaker 3: it's actually only approved for a very specific kind of 61 00:03:05,120 --> 00:03:08,680 Speaker 3: bladder cancer. Now, the company spokesperson did tell Bloomberg that 62 00:03:09,040 --> 00:03:11,800 Speaker 3: they are taking the FDA's concerns very seriously and they 63 00:03:11,800 --> 00:03:14,760 Speaker 3: intend to respond within the timeframe. But still worth noting 64 00:03:14,760 --> 00:03:17,520 Speaker 3: that that stock remains up nearly two hundred and seventy 65 00:03:17,520 --> 00:03:19,240 Speaker 3: five percent this year. 66 00:03:20,960 --> 00:03:24,960 Speaker 2: The stock Moover's report from Bloomberg Radio. Check back with 67 00:03:25,040 --> 00:03:27,639 Speaker 2: us throughout the day for the latest roundup of companies 68 00:03:27,720 --> 00:03:30,799 Speaker 2: making news on Wall Street and for the latest market 69 00:03:30,840 --> 00:03:35,320 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 70 00:03:35,400 --> 00:03:38,880 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 71 00:03:38,960 --> 00:03:40,440 Speaker 2: the Bloomberg Business app.