1 00:00:02,520 --> 00:00:07,440 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 00:00:16,560 --> 00:00:18,400 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,440 --> 00:00:21,279 Speaker 1: I'm Nathan Hager, joined by Bloomberg's Dan Curtis on a 6 00:00:21,320 --> 00:00:23,400 Speaker 1: morning where stocks as a whole or under pressure with 7 00:00:23,520 --> 00:00:26,160 Speaker 1: new legal pressure on the federal Reserve. How's that playing 8 00:00:26,200 --> 00:00:28,800 Speaker 1: out in the micro level this morning, Dan, Good morning. 9 00:00:28,920 --> 00:00:31,880 Speaker 3: Good morning. That's right, it's playing out. It's playing out 10 00:00:31,880 --> 00:00:34,320 Speaker 3: on the equity side, with the S and P five 11 00:00:34,360 --> 00:00:36,880 Speaker 3: hundred down about six tenths of percent, the tech heavy 12 00:00:36,960 --> 00:00:39,680 Speaker 3: Nasdaq one hundred down about nine tenths that really leading 13 00:00:39,720 --> 00:00:44,120 Speaker 3: the reading the selloff this morning. Light sell off, to 14 00:00:44,159 --> 00:00:46,559 Speaker 3: be fair, small caps are the companies that are not 15 00:00:46,640 --> 00:00:49,280 Speaker 3: you know, the biggest names, those are actually relatively immune 16 00:00:49,320 --> 00:00:51,560 Speaker 3: this morning. They've been doing very well this year. They're 17 00:00:51,600 --> 00:00:55,280 Speaker 3: just down about four tenths of percent on this volatility, 18 00:00:55,560 --> 00:00:57,120 Speaker 3: and all of this is coming with you know a 19 00:00:57,120 --> 00:00:59,480 Speaker 3: little bit of a week er dollar, and as you've 20 00:00:59,480 --> 00:01:01,240 Speaker 3: been talking about on the show, you know, just this 21 00:01:01,760 --> 00:01:04,160 Speaker 3: rally into haven. So we're getting a little bit of 22 00:01:04,160 --> 00:01:07,400 Speaker 3: de risking. You know, silver's up five percent, but stocks 23 00:01:07,400 --> 00:01:09,759 Speaker 3: down you know, about half a percent, give or take. 24 00:01:10,400 --> 00:01:12,559 Speaker 3: It's kind of the market's trying to see which way 25 00:01:12,560 --> 00:01:15,560 Speaker 3: this will go. There's not exactly a clear direction on 26 00:01:15,600 --> 00:01:18,520 Speaker 3: how this will play out, so it's a little bit 27 00:01:18,560 --> 00:01:21,119 Speaker 3: of hesitation. And you know, of course following a record 28 00:01:21,160 --> 00:01:23,000 Speaker 3: close for the S and P five hundred on Friday, 29 00:01:23,080 --> 00:01:26,920 Speaker 3: so overall things are not a panic selling mode. 30 00:01:27,120 --> 00:01:30,520 Speaker 1: Well, we are seeing some pretty strong pressure on credit 31 00:01:30,560 --> 00:01:33,840 Speaker 1: card exposed companies with the President talking about caps on 32 00:01:33,880 --> 00:01:34,440 Speaker 1: their raids. 33 00:01:35,360 --> 00:01:38,720 Speaker 3: That's right, So over the weekend, Trump demand that credit 34 00:01:38,800 --> 00:01:43,000 Speaker 3: card lenders cap interest rates at ten percent. This is 35 00:01:43,080 --> 00:01:45,640 Speaker 3: part of that affordability push that he seems to be 36 00:01:45,680 --> 00:01:48,600 Speaker 3: really going after the Fed cutting rate seems to be 37 00:01:48,640 --> 00:01:52,560 Speaker 3: kind of his attempt to get rates down or going 38 00:01:52,600 --> 00:01:55,080 Speaker 3: after Powell on that, and this is another move. So 39 00:01:55,520 --> 00:01:57,720 Speaker 3: over the weekend he said, you know, credit card lenders 40 00:01:57,720 --> 00:02:00,480 Speaker 3: should cap interest rates what they charge for misspents to 41 00:02:00,560 --> 00:02:03,840 Speaker 3: ten percent. And that's really hit some companies in the 42 00:02:03,840 --> 00:02:08,600 Speaker 3: pre market. Capital One Financial down nine percent, American Express 43 00:02:09,200 --> 00:02:11,720 Speaker 3: four and a half percent, JP, Morgan Chase, which is 44 00:02:11,760 --> 00:02:14,920 Speaker 3: of course a much bigger company. So not quite as 45 00:02:15,000 --> 00:02:18,840 Speaker 3: much concentrated credit card risk that's down three percent. Tomorrow 46 00:02:18,880 --> 00:02:22,040 Speaker 3: we get JP Morgan Chase out with its earnings, so 47 00:02:22,080 --> 00:02:24,480 Speaker 3: we'll definitely be listening to that one super super closely 48 00:02:24,520 --> 00:02:28,519 Speaker 3: for any comments from management around this. Trump did give 49 00:02:28,560 --> 00:02:31,800 Speaker 3: the credit card companies until January twentieth to reply, so 50 00:02:31,880 --> 00:02:34,760 Speaker 3: it seems like it may be part of his negotiating tactics, 51 00:02:34,800 --> 00:02:38,400 Speaker 3: something that he's used with say drug pricing, where he said, 52 00:02:38,440 --> 00:02:40,520 Speaker 3: you know, drug prices are too high. The drug companies 53 00:02:40,520 --> 00:02:43,320 Speaker 3: came to him and they renegotiated a different level. 54 00:02:43,600 --> 00:02:46,120 Speaker 1: And speaking of the health sector, we're seeing United Health 55 00:02:46,160 --> 00:02:47,560 Speaker 1: under pressure this morning as well. 56 00:02:48,240 --> 00:02:51,240 Speaker 3: Yeah, so United Health. That's on a report that the 57 00:02:51,320 --> 00:02:54,440 Speaker 3: walls that the health insurance provider used aggressive tactics with 58 00:02:54,480 --> 00:02:58,480 Speaker 3: some of its Medicare customers. That's according to a Senate committee. 59 00:02:58,560 --> 00:03:02,440 Speaker 3: So the accusation is that Health added diagnoses in order 60 00:03:02,480 --> 00:03:04,720 Speaker 3: to collect billions of dollars in extra revenue from the 61 00:03:04,800 --> 00:03:08,680 Speaker 3: US government, something that this committee has been investigating for 62 00:03:08,680 --> 00:03:11,359 Speaker 3: a while. The company came out. United Health did come 63 00:03:11,400 --> 00:03:15,079 Speaker 3: out and it disputed the Senate reports characterization. But the 64 00:03:15,440 --> 00:03:18,520 Speaker 3: market saying, you know, let's take some risk off here, 65 00:03:18,680 --> 00:03:20,800 Speaker 3: so that stock is down about one percent in the 66 00:03:20,800 --> 00:03:23,239 Speaker 3: pre market ticker n H. 67 00:03:23,280 --> 00:03:27,680 Speaker 1: And just quickly Lulu Lemon some positive news here. Yeah, 68 00:03:27,720 --> 00:03:30,040 Speaker 1: some good holiday seasons for them. So I appreciate the 69 00:03:30,240 --> 00:03:32,280 Speaker 1: yoga pants you bought me, and that's helping for the 70 00:03:32,880 --> 00:03:34,120 Speaker 1: bottom line. 71 00:03:35,600 --> 00:03:37,760 Speaker 3: For the record unit. Actually buy me those. I think 72 00:03:37,920 --> 00:03:42,400 Speaker 3: HR would say something, but really Yeah, basically, holiday sales 73 00:03:42,400 --> 00:03:45,120 Speaker 3: were strong, So they came out with a revenue and 74 00:03:45,240 --> 00:03:47,720 Speaker 3: earnings guidance before and now they're coming out and saying 75 00:03:47,720 --> 00:03:49,200 Speaker 3: that they'll likely be at the upper end of the 76 00:03:49,280 --> 00:03:49,960 Speaker 3: range that they gave. 77 00:03:51,320 --> 00:03:55,320 Speaker 2: This stock mover's report from Bloomberg Radio. Check back with 78 00:03:55,440 --> 00:03:58,000 Speaker 2: us throughout the day for the latest roundup of companies 79 00:03:58,080 --> 00:04:01,160 Speaker 2: making news on Wall Street and for the latest market 80 00:04:01,200 --> 00:04:05,680 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 81 00:04:05,760 --> 00:04:09,240 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 82 00:04:09,320 --> 00:04:10,800 Speaker 2: the Bloomberg Business app.