WEBVTT - SpaceX Premarket Trading; Paramount Sky DOJ; Oil Stocks Lower

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>Let's take a look at some stocks on the move today.

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<v Speaker 1>I'm Nathan Hager, joined by Bloomberg's Dan Curtis, starting off

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<v Speaker 1>with the first time I've ever been able to say

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<v Speaker 1>this in a stockmover's report, Dan, the most actively traded

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<v Speaker 1>stock in the pre market is SpaceX. Good morning, Good.

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<v Speaker 3>Morning, that's right, SpaceX. It's rising again. Shares are up

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<v Speaker 3>a five percent at about one hundred and sixty nine

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<v Speaker 3>dollars in the pre market. That's after, of course Friday's

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<v Speaker 3>debut on the exchange, with those shares taking off, searching

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<v Speaker 3>twenty percent to close out one hundred and about sixty

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<v Speaker 3>one dollars a share. And there's been a lot of

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<v Speaker 3>there's a lot of concern over how well the market

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<v Speaker 3>would receive the largest IPO ever, and it's quite well

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<v Speaker 3>based on those shares. It also put you know, Elon

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<v Speaker 3>Musk is the first trillionaire ever. There's that as well.

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<v Speaker 3>So this is day two. Enthusiasm is still there, but

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<v Speaker 3>we're keeping our eyes on a few more things, primarily

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<v Speaker 3>when this will start getting included in indexes. So MSCI

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<v Speaker 3>said that it's indexes will include SpaceX Star in June

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<v Speaker 3>twenty nine. Foot seat Russell Nasdak haven't said exactly when,

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<v Speaker 3>but they did create expedite rules to get SpaceX in.

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<v Speaker 3>So the next big driver that I'm keeping my eyes

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<v Speaker 3>out on my eyes out for is when this will

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<v Speaker 3>actually start going into the indexes where you get more

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<v Speaker 3>passive money chasing the stock.

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<v Speaker 1>And con its heals. This morning, Paramount sky Dance still

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<v Speaker 1>getting quite a pop after the Justice Department clear the

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<v Speaker 1>Warner Brothers steal.

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<v Speaker 3>Another five percent move here under PSKY for Paramount sky Dance.

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<v Speaker 3>And as you said, the US Justice Department closed an

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<v Speaker 3>anti trust probe into the purchase of Warner Brothers. It

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<v Speaker 3>ruled the deal is quote not likely to hurt consumers

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<v Speaker 3>or competition. The deal would join two movie studios, two

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<v Speaker 3>major news networks with CNN and CBS, wells two streaming

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<v Speaker 3>services with HBO and Paramount Plus. And of course it's

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<v Speaker 3>a little bit of weekend news. The UFC fight at

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<v Speaker 3>the White House for Donald Trump's birthday was streamed over

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<v Speaker 3>Paramount Plus. So maybe part of this is off the

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<v Speaker 3>back of that. That said, there's still a group of

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<v Speaker 3>state attorneys generals that are being led by California in

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<v Speaker 3>probing the transaction, and Bloomberg previously reported these states are

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<v Speaker 3>preparing to sue to block the merger. So there's a

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<v Speaker 3>little bit of federal clearance, but some state lead, some

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<v Speaker 3>state led suit might be coming up at some point.

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<v Speaker 2>Now.

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<v Speaker 1>The broader market is moving higher this morning on the

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<v Speaker 1>US Iran interim deal, but oil stocks they are not participating.

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<v Speaker 3>That's right. So we have Exon and Chevron both down

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<v Speaker 3>two and a half percent in pre market. That's with

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<v Speaker 3>WTI crewed down five percent, So that's right. The conflict

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<v Speaker 3>in Iran has been weighing, has been pushing crew to up.

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<v Speaker 3>That's been helping out these energy stocks that very much

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<v Speaker 3>on the back foot today. Energies has been the best

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<v Speaker 3>performing group in the S and P five hundred rose

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<v Speaker 3>early in the year on the Halo trade and then

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<v Speaker 3>kind of on this political situation Interan. Now that's coming off,

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<v Speaker 3>so we're keeping our eyes very closely on this.

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<v Speaker 1>And we're seeing a pretty nice pop in semiconductor stocks

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<v Speaker 1>as well this morning.

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<v Speaker 3>Dan, this is the other side of that Horror Moves coin.

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<v Speaker 3>So we have shares like sand Disc up five percent,

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<v Speaker 3>Micron up nearly eight percent in pre market. They are

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<v Speaker 3>continuing higher with risk on in the market. Sand Disc

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<v Speaker 3>ended at a record high on Friday, news of the

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<v Speaker 3>deal coming through, and about a third of the world's

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<v Speaker 3>helium comes through the strait of her moves. That is

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<v Speaker 3>crucial for manufacturing advanced AI chips. Now that looks like

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<v Speaker 3>supply might be coming back online, we're seeing the AI

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<v Speaker 3>trade continue higher. Sand Disk set to hit another record high,

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<v Speaker 3>Micron really close to these stocks have just taken off

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<v Speaker 3>this year.

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<v Speaker 2>This Stock Movers report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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