1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio, Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Mover's Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,320 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,600 --> 00:00:18,680 Speaker 1: I'm Carol master Long, which Tim Stank. Let's get to 5 00:00:18,760 --> 00:00:21,080 Speaker 1: some stocks on the move on this Thursday. Bloomberg News 6 00:00:21,079 --> 00:00:24,119 Speaker 1: crossset reporter Isabelle Lee is in the house. Do we 7 00:00:24,160 --> 00:00:28,520 Speaker 1: start with something that will make Matt Miller happy? Okay? 8 00:00:27,840 --> 00:00:32,400 Speaker 3: What things make him happy? Is it's airline Lula Lemon. 9 00:00:32,560 --> 00:00:34,640 Speaker 2: No, but we'll. 10 00:00:34,440 --> 00:00:37,400 Speaker 1: Get to it later. We'll get pod stock. Sorry, man, 11 00:00:38,200 --> 00:00:39,240 Speaker 1: that's not even on the list. 12 00:00:40,400 --> 00:00:41,040 Speaker 3: It was surprised. 13 00:00:42,440 --> 00:00:45,400 Speaker 1: It was because we know President Trump's at the executive 14 00:00:45,479 --> 00:00:47,880 Speaker 1: order changing the drug classification. 15 00:00:48,040 --> 00:00:51,479 Speaker 3: Yes there, to move cannabis into a less restrictive federal category. 16 00:00:51,560 --> 00:00:51,760 Speaker 2: Sorry. 17 00:00:51,840 --> 00:00:54,520 Speaker 3: Is that in motion a regulatory shift that could alter 18 00:00:54,600 --> 00:00:57,640 Speaker 3: the legal and the commercial landscape for drugs. Basically, he's 19 00:00:57,680 --> 00:01:00,280 Speaker 3: instructing the Justice Department to begin steps needed to shift 20 00:01:00,280 --> 00:01:03,560 Speaker 3: cannabis to a tier reserve for drugs with accepted medical uses. 21 00:01:03,600 --> 00:01:06,120 Speaker 3: I'm looking at till Ray and kind of be tail Ray, 22 00:01:06,200 --> 00:01:08,199 Speaker 3: t l r Y and kind of b c GC. 23 00:01:08,560 --> 00:01:10,920 Speaker 3: But booth shares are edging lower by one point three 24 00:01:10,959 --> 00:01:14,040 Speaker 3: percent and three and a half percent, respectively, which. 25 00:01:14,080 --> 00:01:17,800 Speaker 1: Was priced in. Maybe that's a good explanation. I mean, 26 00:01:18,080 --> 00:01:20,280 Speaker 1: look what happened earlier this week, like what happened last year. 27 00:01:20,440 --> 00:01:23,240 Speaker 1: How many days have there been gainers where I'm like, care, 28 00:01:23,319 --> 00:01:24,840 Speaker 1: we got to do pot stock? Yeah, I mean it 29 00:01:24,880 --> 00:01:25,360 Speaker 1: was that happen. 30 00:01:25,440 --> 00:01:26,679 Speaker 3: They slipped into negative chill. 31 00:01:26,840 --> 00:01:29,160 Speaker 1: It was up twenty two percent earlier today. 32 00:01:29,240 --> 00:01:31,440 Speaker 3: Yes, and now it's yeah, maybe it's price and it's 33 00:01:31,480 --> 00:01:33,640 Speaker 3: down three point eighteen percent. I have to cross that up. 34 00:01:33,760 --> 00:01:36,800 Speaker 1: All of my grainers. Less to be claire and fully transparent. 35 00:01:36,959 --> 00:01:39,360 Speaker 1: Matt just likes to talk about it, and so I 36 00:01:39,400 --> 00:01:39,920 Speaker 1: just don't want to. 37 00:01:40,000 --> 00:01:42,640 Speaker 3: You know, good, that's a good save. I I like 38 00:01:42,680 --> 00:01:44,720 Speaker 3: talking about it. Pod stocks, it's just want to. 39 00:01:44,720 --> 00:01:47,039 Speaker 1: Talk like talking about them. I like talking about chips, 40 00:01:47,200 --> 00:01:49,360 Speaker 1: do you I like talking about chips? Sounds like sounds 41 00:01:49,400 --> 00:01:50,639 Speaker 1: like we got a micro micro. 42 00:01:51,080 --> 00:01:53,920 Speaker 3: I love this rumble dumble. So Micron ticker is m you. 43 00:01:54,120 --> 00:01:57,000 Speaker 3: The stock is up by just eleven percent, and that's 44 00:01:57,000 --> 00:01:59,320 Speaker 3: after the chip maker gave an outlook that was eighty 45 00:01:59,360 --> 00:02:01,480 Speaker 3: percent hired and estimates. I was here yesterday and we 46 00:02:01,480 --> 00:02:04,280 Speaker 3: were talking about it and the optimism is continuing. This 47 00:02:04,320 --> 00:02:06,000 Speaker 3: is the highest in at least eight months, and the 48 00:02:06,040 --> 00:02:08,240 Speaker 3: stock is up by nearly one hundred and seventy percent 49 00:02:08,639 --> 00:02:10,920 Speaker 3: this year. So the CEO of Micron said its position 50 00:02:11,040 --> 00:02:14,200 Speaker 3: as an essential AI enabler. And again we were talking 51 00:02:14,240 --> 00:02:16,640 Speaker 3: about this Carol is because of the intense demand and 52 00:02:16,639 --> 00:02:19,560 Speaker 3: supply can't need it. And it's good for Micron because 53 00:02:19,560 --> 00:02:21,360 Speaker 3: then it puts them in a good spot. Totally. 54 00:02:21,440 --> 00:02:23,240 Speaker 1: Okay, before I let you go, just give us twenty 55 00:02:23,240 --> 00:02:25,400 Speaker 1: seconds on Lulu. Shares are surging today. 56 00:02:25,520 --> 00:02:27,920 Speaker 3: Shares are surging. I love Lululemon, the product, but the 57 00:02:27,919 --> 00:02:30,120 Speaker 3: stock is up by four percent. We have news that 58 00:02:30,200 --> 00:02:32,840 Speaker 3: activist investor Elliott Management has built a stake of one 59 00:02:32,880 --> 00:02:36,160 Speaker 3: billion dollars in the company. And this comes after the 60 00:02:36,160 --> 00:02:38,360 Speaker 3: company has really been struggling to turn around their business 61 00:02:38,360 --> 00:02:40,880 Speaker 3: after the exit of their CEO. Elliott for months has 62 00:02:40,919 --> 00:02:44,360 Speaker 3: been working with Jane Nielsen, so she's the former CFO 63 00:02:44,360 --> 00:02:46,760 Speaker 3: and CEO at the Ralph Lauren. In fact, sources told 64 00:02:46,800 --> 00:02:49,720 Speaker 3: Wall Street Journal that they want Jane Nielsen to potentially 65 00:02:49,840 --> 00:02:50,480 Speaker 3: be the CEO. 66 00:02:51,760 --> 00:02:55,800 Speaker 2: This stock mover's report from Bloomberg Radio. Check back with 67 00:02:55,880 --> 00:02:58,440 Speaker 2: us throughout the day. For the latest roundup of companies 68 00:02:58,520 --> 00:03:01,640 Speaker 2: making news on Wall Street, and for the latest market 69 00:03:01,639 --> 00:03:06,120 Speaker 2: moving headlines. 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