Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Let's take a look at some stocks on the move today.
Speaker 1: I'm Nathan Hager, joined by Bloomberg's Dan Curtis, starting off
Speaker 1: with the first time I've ever been able to say
Speaker 1: this in a stockmover's report, Dan, the most actively traded
Speaker 1: stock in the pre market is SpaceX. Good morning, Good.
Speaker 3: Morning, that's right, SpaceX. It's rising again. Shares are up
Speaker 3: a five percent at about one hundred and sixty nine
Speaker 3: dollars in the pre market. That's after, of course Friday's
Speaker 3: debut on the exchange, with those shares taking off, searching
Speaker 3: twenty percent to close out one hundred and about sixty
Speaker 3: one dollars a share. And there's been a lot of
Speaker 3: there's a lot of concern over how well the market
Speaker 3: would receive the largest IPO ever, and it's quite well
Speaker 3: based on those shares. It also put you know, Elon
Speaker 3: Musk is the first trillionaire ever. There's that as well.
Speaker 3: So this is day two. Enthusiasm is still there, but
Speaker 3: we're keeping our eyes on a few more things, primarily
Speaker 3: when this will start getting included in indexes. So MSCI
Speaker 3: said that it's indexes will include SpaceX Star in June
Speaker 3: twenty nine. Foot seat Russell Nasdak haven't said exactly when,
Speaker 3: but they did create expedite rules to get SpaceX in.
Speaker 3: So the next big driver that I'm keeping my eyes
Speaker 3: out on my eyes out for is when this will
Speaker 3: actually start going into the indexes where you get more
Speaker 3: passive money chasing the stock.
Speaker 1: And con its heals. This morning, Paramount sky Dance still
Speaker 1: getting quite a pop after the Justice Department clear the
Speaker 1: Warner Brothers steal.
Speaker 3: Another five percent move here under PSKY for Paramount sky Dance.
Speaker 3: And as you said, the US Justice Department closed an
Speaker 3: anti trust probe into the purchase of Warner Brothers. It
Speaker 3: ruled the deal is quote not likely to hurt consumers
Speaker 3: or competition. The deal would join two movie studios, two
Speaker 3: major news networks with CNN and CBS, wells two streaming
Speaker 3: services with HBO and Paramount Plus. And of course it's
Speaker 3: a little bit of weekend news. The UFC fight at
Speaker 3: the White House for Donald Trump's birthday was streamed over
Speaker 3: Paramount Plus. So maybe part of this is off the
Speaker 3: back of that. That said, there's still a group of
Speaker 3: state attorneys generals that are being led by California in
Speaker 3: probing the transaction, and Bloomberg previously reported these states are
Speaker 3: preparing to sue to block the merger. So there's a
Speaker 3: little bit of federal clearance, but some state lead, some
Speaker 3: state led suit might be coming up at some point.
Speaker 2: Now.
Speaker 1: The broader market is moving higher this morning on the
Speaker 1: US Iran interim deal, but oil stocks they are not participating.
Speaker 3: That's right. So we have Exon and Chevron both down
Speaker 3: two and a half percent in pre market. That's with
Speaker 3: WTI crewed down five percent, So that's right. The conflict
Speaker 3: in Iran has been weighing, has been pushing crew to up.
Speaker 3: That's been helping out these energy stocks that very much
Speaker 3: on the back foot today. Energies has been the best
Speaker 3: performing group in the S and P five hundred rose
Speaker 3: early in the year on the Halo trade and then
Speaker 3: kind of on this political situation Interan. Now that's coming off,
Speaker 3: so we're keeping our eyes very closely on this.
Speaker 1: And we're seeing a pretty nice pop in semiconductor stocks
Speaker 1: as well this morning.
Speaker 3: Dan, this is the other side of that Horror Moves coin.
Speaker 3: So we have shares like sand Disc up five percent,
Speaker 3: Micron up nearly eight percent in pre market. They are
Speaker 3: continuing higher with risk on in the market. Sand Disc
Speaker 3: ended at a record high on Friday, news of the
Speaker 3: deal coming through, and about a third of the world's
Speaker 3: helium comes through the strait of her moves. That is
Speaker 3: crucial for manufacturing advanced AI chips. Now that looks like
Speaker 3: supply might be coming back online, we're seeing the AI
Speaker 3: trade continue higher. Sand Disk set to hit another record high,
Speaker 3: Micron really close to these stocks have just taken off
Speaker 3: this year.
Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with
Speaker 2: the Bloomberg Business app.