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 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 00:00:16,840 --> 00:00:18,680 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:18,720 --> 00:00:21,759 Speaker 3: I'm Nathan Hager, joined by Bloomberg's Pretty Goop. A lot 6 00:00:21,760 --> 00:00:25,479 Speaker 3: of stocks moving on headlines this morning as we get 7 00:00:25,520 --> 00:00:29,640 Speaker 3: back to the new trading week, including Berkshire Hathaway. A 8 00:00:29,680 --> 00:00:31,880 Speaker 3: little bit of red this morning, a little bit of 9 00:00:31,880 --> 00:00:35,080 Speaker 3: a ketchup stain on the earnings. Perhaps good morning. 10 00:00:35,320 --> 00:00:37,919 Speaker 1: Good morning, Nathan, That is one way to put it. 11 00:00:38,120 --> 00:00:40,800 Speaker 1: Berkshire Hathaway shares. I remember they have two different listings. 12 00:00:40,840 --> 00:00:43,320 Speaker 1: You want to look at the more liquid one b 13 00:00:43,600 --> 00:00:46,800 Speaker 1: RK slash B is the one for that down about 14 00:00:46,800 --> 00:00:48,720 Speaker 1: six tens of one percent this morning, four hundred and 15 00:00:48,760 --> 00:00:52,199 Speaker 1: sixty nine dollars a share and change. But yes, you 16 00:00:52,440 --> 00:00:54,720 Speaker 1: you nailed it. It is actually a little bit lower 17 00:00:54,720 --> 00:00:57,160 Speaker 1: and one of the only downstocks in the pre market 18 00:00:57,200 --> 00:00:59,640 Speaker 1: trade this morning, which I think says something about market 19 00:00:59,640 --> 00:01:02,400 Speaker 1: sent Look, they came out with their earnings over the 20 00:01:02,440 --> 00:01:06,199 Speaker 1: weekend and talked about a three point eight billion dollar 21 00:01:06,720 --> 00:01:09,800 Speaker 1: write down. When it comes to their stake in Craft Higns, 22 00:01:09,800 --> 00:01:12,120 Speaker 1: and we know Berkshire Hathaway, we know Warren Buffett is 23 00:01:12,520 --> 00:01:17,160 Speaker 1: traditionally value investor, railroads, Coca Cola, Apple and of course 24 00:01:17,319 --> 00:01:19,520 Speaker 1: catch up. These kind of what it feels like, are 25 00:01:19,600 --> 00:01:23,920 Speaker 1: beacons of Americanism, this idea that you are starting to 26 00:01:23,920 --> 00:01:25,200 Speaker 1: see because of all the kind of M and A 27 00:01:25,280 --> 00:01:28,440 Speaker 1: news and all the restructuring around Craft Highs and the 28 00:01:28,480 --> 00:01:31,559 Speaker 1: share price taking such a hit. Warren Buffett has also 29 00:01:31,600 --> 00:01:33,760 Speaker 1: taken a hit by extension to and putting that right 30 00:01:33,800 --> 00:01:36,399 Speaker 1: down at about three point eight billion dollars of an 31 00:01:36,400 --> 00:01:38,080 Speaker 1: impairment charge. That being said, if you look at some 32 00:01:38,120 --> 00:01:40,240 Speaker 1: of the analyst commentary on the back of it, including 33 00:01:40,600 --> 00:01:42,800 Speaker 1: from our very own Matthew Paulo zola over O at 34 00:01:42,800 --> 00:01:47,400 Speaker 1: Bloomberg Intelligence, they're saying the other segments of Berkshire Hathaway, 35 00:01:47,400 --> 00:01:51,080 Speaker 1: because it's so diversified, are still chugging along, including their 36 00:01:51,080 --> 00:01:54,040 Speaker 1: insurance business as well, and that's really where the next 37 00:01:54,080 --> 00:01:57,040 Speaker 1: focus is. The idea that their Geico premium growth started 38 00:01:57,040 --> 00:01:58,880 Speaker 1: to come in a little bit softer than expected, and 39 00:01:58,920 --> 00:02:02,120 Speaker 1: that's where they're looking for that next kind of gain 40 00:02:02,320 --> 00:02:05,240 Speaker 1: as as well. And remember I mentioned the railroad picture. 41 00:02:05,400 --> 00:02:09,240 Speaker 1: Berkshire Hathaway also has exposure to it because we are 42 00:02:09,240 --> 00:02:12,040 Speaker 1: also getting news that, you know, Union Pacific and Norfolk 43 00:02:12,080 --> 00:02:15,239 Speaker 1: Southern are exploring a potential tie up as well. Nevertheless, 44 00:02:15,280 --> 00:02:17,480 Speaker 1: keep an eye on Berkshire Hathway. One of your only 45 00:02:17,520 --> 00:02:20,560 Speaker 1: stocks in the red this morning, let's talk about one 46 00:02:20,600 --> 00:02:23,320 Speaker 1: that's in the green, Nathan, and those are Tesla shares. 47 00:02:23,360 --> 00:02:26,960 Speaker 1: Tsla hired by two point seven percent, trading at three 48 00:02:27,080 --> 00:02:30,040 Speaker 1: hundred and ten dollars a share called three hundred eleven. 49 00:02:30,080 --> 00:02:32,960 Speaker 1: It's right on the cusp of that level. It looks 50 00:02:33,000 --> 00:02:36,799 Speaker 1: like Tesla has approved a ninety six million share stock 51 00:02:36,880 --> 00:02:40,840 Speaker 1: award to Elon Musk. This was a really contentious kind 52 00:02:40,840 --> 00:02:43,560 Speaker 1: of payment package with between Elon Musk and the board 53 00:02:43,600 --> 00:02:45,160 Speaker 1: as well. There was some concern that there will be 54 00:02:45,400 --> 00:02:48,800 Speaker 1: a bigger fallout between the two. Now it looks like 55 00:02:49,080 --> 00:02:51,959 Speaker 1: the Tesla board is saying that retaining Elon Musk is 56 00:02:52,000 --> 00:02:55,120 Speaker 1: more important than ever before and a side of unity 57 00:02:55,240 --> 00:02:58,600 Speaker 1: is getting quite the kind of round of applause from 58 00:02:58,639 --> 00:03:00,480 Speaker 1: Wall Street I think this morning is a fair way 59 00:03:00,560 --> 00:03:01,960 Speaker 1: to say it. To test the board even going on 60 00:03:02,040 --> 00:03:05,160 Speaker 1: to say that the rewarding Elon is quote the right 61 00:03:05,240 --> 00:03:07,960 Speaker 1: thing to do. And again, this idea of unity, the 62 00:03:08,000 --> 00:03:11,160 Speaker 1: idea of Elon Musk really focusing in on the company 63 00:03:11,160 --> 00:03:13,560 Speaker 1: that he's been at the helmet, is a positive for 64 00:03:13,600 --> 00:03:16,680 Speaker 1: the stock that's really been battered, especially during his time 65 00:03:16,960 --> 00:03:21,840 Speaker 1: over at Doje as well. So TSLA is your ticker there, Nathan, 66 00:03:21,840 --> 00:03:23,640 Speaker 1: I want to end with Boeing shares because we are 67 00:03:23,760 --> 00:03:27,240 Speaker 1: on strike watch when it comes to the Boeing facilities. 68 00:03:27,440 --> 00:03:29,880 Speaker 1: BA is your ticker down about two tenths of one percent, 69 00:03:29,919 --> 00:03:32,959 Speaker 1: trading at two hundred and twenty one dollars a share. 70 00:03:33,000 --> 00:03:35,920 Speaker 1: Remember this is the major Dow component. Their defense union 71 00:03:36,040 --> 00:03:40,000 Speaker 1: is striking for the first time in almost thirty years 72 00:03:40,240 --> 00:03:42,680 Speaker 1: at their Saint Louis area defense factories. 73 00:03:42,680 --> 00:03:43,600 Speaker 2: This is a really big deal. 74 00:03:43,640 --> 00:03:47,000 Speaker 1: We're talking about thirty two hundred machinists walking off the 75 00:03:47,080 --> 00:03:50,760 Speaker 1: job around mid nine, all about raising the wages by 76 00:03:50,800 --> 00:03:53,600 Speaker 1: about twenty percent and boosting a retirement contribution, so that 77 00:03:53,640 --> 00:03:55,880 Speaker 1: weigh on the shares as well. This morning. 78 00:03:57,560 --> 00:04:01,600 Speaker 2: This Stock Mover's report from Bloomberg Radio. Check back with 79 00:04:01,680 --> 00:04:04,240 Speaker 2: us throughout the day for the latest roundup of companies 80 00:04:04,320 --> 00:04:07,400 Speaker 2: making news on Wall Street and for the latest market 81 00:04:07,440 --> 00:04:11,920 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 82 00:04:12,000 --> 00:04:15,480 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 83 00:04:15,560 --> 00:04:17,039 Speaker 2: the Bloomberg Business app.