Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: This is the closing bell on this stock movers report,
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostick, and Scarlet.
Speaker 3: Food to the S and P five hundred. I go,
Speaker 3: and you've got most names in the index lower on
Speaker 3: this Thursday. You're talking about three hundred and eighty three
Speaker 3: to the downside, one hundred and nineteen to the upside,
Speaker 3: mat and one unchanged.
Speaker 4: Yeah, one loser or sorry, one winner for every four losers. Essentially,
Speaker 4: it's even worse if you look at the breadth of
Speaker 4: industry groups. It was a gainer today because you have
Speaker 4: that Intel Apple story, which I still find so fascinating.
Speaker 4: You can do this the hard way, or you can
Speaker 4: do this the easy way, right.
Speaker 5: May I don't think that's the same story.
Speaker 4: Maybe Apple takes a steak and Intel may may make
Speaker 4: a lot of other things easier for them.
Speaker 3: We aren't calling it CEO diplomacy.
Speaker 4: Yes, so you see it, and really energy kind of flat.
Speaker 4: But they are the only green slices.
Speaker 1: Of the podcast on that point. I mean, I heard
Speaker 1: your interview a little bit earlier today Carol and Tim
Speaker 1: with Mark German, and of course that covers all things Apple,
Speaker 1: and you kind of put them on the spot there
Speaker 1: with some of the questions about Tim Cook. But I
Speaker 1: thought he kind of made a good point. I mean, look,
Speaker 1: there's a fiduciary duty that any CEO has to its
Speaker 1: investors and for that matter, to its employees and its customers.
Speaker 1: And he's navigating that as he should do right or
Speaker 1: he shouldn't be CEO.
Speaker 3: I agree, I agree. We keep talking about that, right,
Speaker 3: if you don't really want to get on the radar
Speaker 3: of the White House or the administration, and you've got
Speaker 3: to think about your company and you've got to think
Speaker 3: about the financials or your share price. I mean, right,
Speaker 3: there is a responsibility, but it's it's just kind of
Speaker 3: interesting to see how well.
Speaker 4: You've got to want to diversify too, Right, you can't
Speaker 4: make all of your chips at TSMC all of the time.
Speaker 4: Why not get another foundry?
Speaker 5: But is they've moved away from Intel in the past
Speaker 5: and marketing.
Speaker 4: They design them all in the house, but where they
Speaker 4: design them and where they make them are two very different.
Speaker 1: Mark.
Speaker 5: Mark made the point like maybe they could make some
Speaker 5: of the you know, you know some of the chips
Speaker 5: that they use in some of the devices. There are
Speaker 5: so many, But that's not that's not what this is
Speaker 5: about me.
Speaker 3: Either way, I'm going to say, if you're an Intel
Speaker 3: shareholder right now, you're pretty happy because you continue to
Speaker 3: see this stock moving up today. Yes, sir, I know.
Speaker 1: Are you going to get to your gainers? Essentially?
Speaker 3: Well that was my segue. Thanks for like jumping in
Speaker 3: on it again. All right, Where are where is Katie?
Speaker 3: The boys? Intel up almost nine percent today's session. It
Speaker 3: is the top gainer in both the S and P
Speaker 3: five hundred and NASDAQ one hundred. It was also upgraded
Speaker 3: and neutral from sell over at Seaport Global. They see
Speaker 3: your term upside for the chip maker if it receives
Speaker 3: more direct investments. There you have it, that's pretty clear
Speaker 3: going forward. And of course we've been talking about the
Speaker 3: Apple Intel whether or not we get something out of that.
Speaker 3: Lithium America's guys also an outperformer in a big way,
Speaker 3: up about twenty three percent after almost a ninety six
Speaker 3: percent gain yesterday heavy volume in today's trading. Today, white
Speaker 3: House proposed taking equity in the company during a renegotiation
Speaker 3: of some terms of a two point three billion dollar
Speaker 3: loan extended by the Energy Department. Bloomberg News reporting that out.
Speaker 3: That came out on Tuesday. We've had Reuters reporting that
Speaker 3: the administration was seeing a stake of as much as
Speaker 3: ten percent. Nonetheless, it's on everybody's radar. We are living
Speaker 3: in a very different capitalistic environment, it feels like, certainly
Speaker 3: with the government potentially taking stakes in various companies. All right,
Speaker 3: Synopsis got to bring that one out, guys, because that
Speaker 3: too was a top gainer. But the S and P
Speaker 3: five hundred now is tack one hundred, up about four percent.
Speaker 3: Here some reporting the company out with a release that
Speaker 3: it and Taiwan Semi have been working together to shortened
Speaker 3: design cycle times on more efficient ship technology. So that
Speaker 3: caught the attention. So some good gainers.
Speaker 5: There, Well, what caught my time? I say, down some
Speaker 5: of the decliners in the S and P five hundred.
Speaker 5: The worst perform on a percentage basis in there was
Speaker 5: CarMax by a long shot, down to twenty percent. Today.
Speaker 5: Shares tumbled after the company reported weaker than expected results
Speaker 5: that showed deepening strain in the used car market. Company
Speaker 5: executive actually came out and said fallout from President Trump's
Speaker 5: tariffs and rising to stress among consumers were what led
Speaker 5: to falling sales and profit. There have been some recent
Speaker 5: challenges in the auto industry, as Matt is absolutely aware,
Speaker 5: subprime model lender Tricolor Holdings declared bankruptcy this month amid
Speaker 5: allegations of fraud. First Brands Group is preparing to file
Speaker 5: bankruptcy as soon as next week. Bloomberg News reported once again,
Speaker 5: Chares down twenty percent, the worst performer in the S
Speaker 5: and P five hundred, Tesla, speaking of automakers, down four
Speaker 5: point four percent. It was the worst performer of the
Speaker 5: mag seven today on a percentage basis. Chars fell as
Speaker 5: European sales of Tesla's fell twenty two percent last month,
Speaker 5: giving a market share of just one point nine percent.
Speaker 5: European car sales overall climbed four point seven percent last month.
Speaker 5: It turns out that EV sales were actually rose in
Speaker 5: the region last month. Hybrid's though we're a particularly bright spot.
Speaker 4: By the way, that bears repeating that bears repeating, So
Speaker 4: European car sales rose five percent. Yes, EV sales in
Speaker 4: Europe rose, and Tesla fell twenty two percent. Yeah, it
Speaker 4: seems like a Tesla, a challenge particular to Tesla then,
Speaker 4: and that's why you had shares fault today. Probably finally,
Speaker 4: Freeport Macmaran, among the worst performers in the S and
Speaker 4: B five hundred as well, fell another six percent, down
Speaker 4: six six point two percent today, follow it from the
Speaker 4: accident at the Grassburg copper Minded Indonesia continues. The accident
Speaker 4: the MIND killed two workers that left five missing, and
Speaker 4: it's led Freeport to declare force majure on contracted supplies
Speaker 4: and slash its production guidance. We spoke to Joe Doe,
Speaker 4: who covers economic statecraft and for years has covered metals
Speaker 4: in mining, and he talked to us a little bit
Speaker 4: about the negotiations between the Indonesian government, which controls fifty
Speaker 4: one percent of the local entity, and now the concern
Speaker 4: that the government might want more of that MIND ownership
Speaker 4: and what that could mean.
Speaker 1: All right, you quick check on yields here up for
Speaker 1: a second and straight day, up for the third time
Speaker 1: in the last four sessions. And a big part of
Speaker 1: the reason is that stronger economic data than now seems
Speaker 1: to be throwing just a touch of cold water here
Speaker 1: on the idea of whether the FED actually does have
Speaker 1: the room to continue cutting rates beyond that first twenty
Speaker 1: five basis points that we already got. I do want
Speaker 1: to go back up to the stock market though, and
Speaker 1: some of the individual movers. One of the decliners you
Speaker 1: didn't have on your board there, Tim Stenevik, Oh, targeting.
Speaker 5: Yeah, well I knew we were talking about this, so
Speaker 5: I didn't want to do it as one of the decliners' wilgreaming.
Speaker 5: Sometimes you got to think about this. That was the
Speaker 5: seguay for.
Speaker 2: You, Carol.
Speaker 1: You still haven't picked up.
Speaker 5: It was also barely down today it's done like half
Speaker 5: a percentage point too.
Speaker 4: So is she going to talk about She's going to talk.
Speaker 5: She's trying to get a word in box to do it.
Speaker 5: We're not here. Go ahead, Carol, let's.
Speaker 3: Talk about Starbucks. I was going to put this in
Speaker 3: the category. I mean, you have Starbucks closing about one
Speaker 3: percent of its stores in the United States and Knada
Speaker 3: cutting nine hundred jobs. It's all part of its turnaround plan,
Speaker 3: and investure is like not that impressed. It stocks down.
Speaker 3: It was up about about half a percent of its
Speaker 3: best levels of the session today, finishing with about a
Speaker 3: decline of about.
Speaker 1: It to try to check people up, Matt Miller, and
Speaker 1: sometimes they just don't tell.
Speaker 4: Don't know.
Speaker 1: If you have this problem, you will host to show yourself.
Speaker 2: Yeah, so you have to do this.
Speaker 4: I think it's an exciting story regardless of the sharing,
Speaker 4: because look, they're firing nine hundred workers. They're closing only
Speaker 4: one percent of eighteen thousand stores. But a lot of
Speaker 4: people have been coming out this morning and saying this
Speaker 4: is the right track, and maybe this is what they
Speaker 4: needed to do from the start, right Brian Nichol has
Speaker 4: been in office for over a year, and since then
Speaker 4: the stock has fallen six percent, Like, why didn't he
Speaker 4: do this earlier? Why didn't he maybe cut a little
Speaker 4: bit deeper? They just have too many stores and they're
Speaker 4: not as exciting as they used to be, so that
Speaker 4: they need to spruce it up.
Speaker 5: Is one percent and nine hundred workers going to do anything.
Speaker 5: And look, I know these are corporate workers and every
Speaker 5: job lost is terrible, but three hundred and sixty thousand
Speaker 5: employees is what the company has globally, So this is
Speaker 5: not a This is a small This is a small
Speaker 5: figure when you think about those numbers.
Speaker 2: My point the stockmovers report from Bloomberg Radio. Check back
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