1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,520 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:17,160 Speaker 1: harnessing the power of Bloomberg Data. Let's take a look 4 00:00:17,160 --> 00:00:19,120 Speaker 1: at some of the stocks on the move today. 5 00:00:19,120 --> 00:00:21,319 Speaker 2: I'm Paul Sweeney alongside Lise Matteo, and we're joined by 6 00:00:21,360 --> 00:00:23,640 Speaker 2: Bloomber's Norma Linda Nor. What are you looking at? Well, 7 00:00:23,680 --> 00:00:26,759 Speaker 2: there's some really interesting stock reactions happening today. Under the hood, 8 00:00:26,760 --> 00:00:30,000 Speaker 2: I'm looking at shares of Intel that's ticker I INTC. 9 00:00:30,520 --> 00:00:32,080 Speaker 2: Of course, this is the news that we've been hearing 10 00:00:32,080 --> 00:00:34,440 Speaker 2: throughout the morning that Trump is really putting pressure on 11 00:00:34,600 --> 00:00:37,640 Speaker 2: the CEO here, lit Bhutan. He's saying that he should 12 00:00:37,680 --> 00:00:40,960 Speaker 2: resign immediately, essentially citing that he's a conflict of interest. 13 00:00:41,000 --> 00:00:43,040 Speaker 2: There hasn't really been much of an explanation as to 14 00:00:43,080 --> 00:00:45,240 Speaker 2: what that may be, but this does come after the 15 00:00:45,280 --> 00:00:49,040 Speaker 2: Republican Senator Tom Cotton asked Intel's board, the chairman of 16 00:00:49,080 --> 00:00:53,240 Speaker 2: Intel's board this week to answer questions about his the CEO, 17 00:00:53,360 --> 00:00:56,640 Speaker 2: that is, his ties to China. There and Intel is 18 00:00:56,640 --> 00:00:58,960 Speaker 2: saying that it's deeply committed to national security of the 19 00:00:59,080 --> 00:01:01,800 Speaker 2: United States and the integrity of the United States defense 20 00:01:01,840 --> 00:01:05,760 Speaker 2: ecosystem in response to those concerns about his ties to 21 00:01:05,840 --> 00:01:08,800 Speaker 2: China that have been arisen here. But we're definitely seeing 22 00:01:08,800 --> 00:01:11,760 Speaker 2: shares taking a bit of a breather this morning, a 23 00:01:11,800 --> 00:01:14,399 Speaker 2: bit of a hit here. So let's move on. We'll 24 00:01:14,440 --> 00:01:17,440 Speaker 2: go to Eli Lilly. Now, those shares have really been 25 00:01:17,480 --> 00:01:18,000 Speaker 2: taking a hit. 26 00:01:18,040 --> 00:01:20,120 Speaker 1: I mean, it's not great news about its experiment, the 27 00:01:20,120 --> 00:01:20,759 Speaker 1: weight loss pill. 28 00:01:20,800 --> 00:01:23,120 Speaker 2: Not great Mai. Yeah, the pill that we're talking about 29 00:01:23,160 --> 00:01:25,399 Speaker 2: here not great news at all. We're seeing Eli ley 30 00:01:25,480 --> 00:01:29,120 Speaker 2: shares as the worst performing stock, our second worst performing stock, 31 00:01:29,520 --> 00:01:31,960 Speaker 2: excuse me, in the S and P five hundred this morning, 32 00:01:31,959 --> 00:01:34,680 Speaker 2: we're seeing shares tumbling as much as fifteen percent. That's 33 00:01:34,720 --> 00:01:38,360 Speaker 2: their worst intra day performance since April of last year. 34 00:01:38,640 --> 00:01:41,080 Speaker 2: And this is after disappointing data on its new weight 35 00:01:41,080 --> 00:01:44,520 Speaker 2: loss pill. It overshadowed strong growth from the company's current 36 00:01:44,520 --> 00:01:48,280 Speaker 2: obesity medicine and this has really helped to drive it 37 00:01:48,360 --> 00:01:50,840 Speaker 2: to raise its yearly profit and sales outlook. But when 38 00:01:50,880 --> 00:01:53,240 Speaker 2: we look at the obesity pill study here, I mean, 39 00:01:53,240 --> 00:01:55,240 Speaker 2: of course, people are not really happy with what they're 40 00:01:55,240 --> 00:01:57,559 Speaker 2: seeing here. They're stand of the new weight loss pill 41 00:01:57,600 --> 00:02:01,480 Speaker 2: had lowered weight loss and higher rates of nausea and 42 00:02:01,560 --> 00:02:06,520 Speaker 2: vomiting that anticipated in the study. So interesting reaction here 43 00:02:06,840 --> 00:02:08,560 Speaker 2: as it's overshadowing that sales beat. 44 00:02:08,720 --> 00:02:10,760 Speaker 1: I was shocked by how much of stock is trading off. 45 00:02:10,800 --> 00:02:12,880 Speaker 2: This is a big time seven hundred million market cap. 46 00:02:13,400 --> 00:02:14,080 Speaker 1: One more force. 47 00:02:14,400 --> 00:02:18,240 Speaker 2: Yeah, let's wrap things up with DoorDash here. That's sicker Dash. 48 00:02:18,320 --> 00:02:20,800 Speaker 2: Of course, you know this is fitting considering them really 49 00:02:20,840 --> 00:02:23,520 Speaker 2: trying to we myself off of ordering online food. It 50 00:02:24,240 --> 00:02:25,639 Speaker 2: you have to get. But then I got the Chase 51 00:02:25,680 --> 00:02:27,960 Speaker 2: Sapphire card and now I get some sort of discount 52 00:02:27,960 --> 00:02:30,200 Speaker 2: with DoorDash, So I don't know, I might have to 53 00:02:30,200 --> 00:02:32,640 Speaker 2: move on from grub up here. But we're looking at 54 00:02:32,680 --> 00:02:36,160 Speaker 2: shares of DoorDash here. They're up in trading today, and 55 00:02:36,200 --> 00:02:39,160 Speaker 2: this is after it gave a rosy outlook. Delivery orders 56 00:02:39,240 --> 00:02:42,560 Speaker 2: hit a record here, and this is really after increased engagement. 57 00:02:42,600 --> 00:02:46,280 Speaker 2: They're releasing a growing number of active customers, apparently myself 58 00:02:46,960 --> 00:02:50,200 Speaker 2: here today we're seeing shares of about fifty seven percent here. 59 00:02:51,240 --> 00:02:55,280 Speaker 1: The Stock Movers report from Bloomberg Radio. Check back with 60 00:02:55,360 --> 00:02:57,960 Speaker 1: us throughout the day for the latest roundup of companies 61 00:02:58,000 --> 00:03:01,120 Speaker 1: making news on Wall Street and for the latest market 62 00:03:01,120 --> 00:03:05,600 Speaker 1: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 63 00:03:05,720 --> 00:03:09,200 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 64 00:03:09,280 --> 00:03:10,720 Speaker 1: the Bloomberg Business app.