1 00:00:02,520 --> 00:00:07,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,640 --> 00:00:13,040 Speaker 2: The Stock Movers podcast, your roundup of companies making moves 3 00:00:13,080 --> 00:00:16,480 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,800 --> 00:00:20,680 Speaker 3: I'm Tim Steneviek along with Katie Graifeld. Let's take a 5 00:00:20,680 --> 00:00:22,880 Speaker 3: look at some stocks on the move today. We're joined 6 00:00:22,880 --> 00:00:27,520 Speaker 3: by Bloomberg News Acuties reporter Alexandra Semenova. Alex what's got 7 00:00:27,560 --> 00:00:28,400 Speaker 3: your attention today? 8 00:00:28,520 --> 00:00:30,720 Speaker 1: Hey guys, Well, it was a really difficult time for 9 00:00:30,840 --> 00:00:33,760 Speaker 1: most investors back in April through the tear volatility, but 10 00:00:33,840 --> 00:00:35,960 Speaker 1: it was a fantastic time if you were a trader 11 00:00:36,000 --> 00:00:39,920 Speaker 1: at Goldman Sachs. The firm's equities unit posted its largest 12 00:00:39,960 --> 00:00:42,800 Speaker 1: trading revenue hall in Wall Street history. Most people thought 13 00:00:42,800 --> 00:00:45,520 Speaker 1: it would be good, but not this good. Equity trading 14 00:00:45,560 --> 00:00:47,840 Speaker 1: revenue for the second quarter came in at four point 15 00:00:47,920 --> 00:00:51,120 Speaker 1: three billion dollars. That's six hundred million dollars above what 16 00:00:51,200 --> 00:00:54,880 Speaker 1: Wall Street analysts expected. They also that also helped push 17 00:00:55,000 --> 00:00:58,440 Speaker 1: profit expectations for the period, and trading desks across Wall 18 00:00:58,480 --> 00:01:02,320 Speaker 1: Street benefited from the volatile but actually surprisingly for the quarter, 19 00:01:02,400 --> 00:01:05,920 Speaker 1: Morgan Stanley Bank of American JP Morgan's actually slipped a 20 00:01:05,920 --> 00:01:08,640 Speaker 1: little bit. Goldman has been trying to build out its 21 00:01:08,680 --> 00:01:12,360 Speaker 1: trading business. Its Wall Street's most profitable to compete with 22 00:01:12,400 --> 00:01:14,959 Speaker 1: the likes of Morgan Stanley and market makers like Jane 23 00:01:15,000 --> 00:01:17,960 Speaker 1: Street and Citadel, And obviously this quarter is a testament 24 00:01:18,000 --> 00:01:20,600 Speaker 1: that that effort has been successful. The stock is up 25 00:01:20,680 --> 00:01:22,760 Speaker 1: just a bit today, point five percent, but it's up 26 00:01:22,840 --> 00:01:25,120 Speaker 1: twenty two percent this year. Three Yesterday's close. 27 00:01:25,319 --> 00:01:27,959 Speaker 4: Yeah, tough crowd, right when it comes to Goldman, you 28 00:01:28,000 --> 00:01:31,199 Speaker 4: post a record trading, it wasn't enough for investors. 29 00:01:31,200 --> 00:01:33,920 Speaker 1: I guess financials have run up so much this year. 30 00:01:33,760 --> 00:01:36,840 Speaker 4: That's true, the bar was high. How about ASML. We 31 00:01:36,840 --> 00:01:38,920 Speaker 4: were talking not in this show, but I was talking 32 00:01:38,959 --> 00:01:40,880 Speaker 4: yesterday about Nvidia. 33 00:01:41,200 --> 00:01:42,560 Speaker 3: Seeming we talked about it too. 34 00:01:42,640 --> 00:01:45,440 Speaker 4: I'm sure you did. I was home. But anyway, talk 35 00:01:45,480 --> 00:01:48,440 Speaker 4: to us about ASML because it's not a blanket good 36 00:01:48,480 --> 00:01:50,600 Speaker 4: news story for these chip makers. 37 00:01:50,400 --> 00:01:52,920 Speaker 1: Right, a company that is not faring too well through 38 00:01:52,960 --> 00:01:56,000 Speaker 1: all of the tariff uncertainty at CEO today walked back 39 00:01:56,520 --> 00:01:59,600 Speaker 1: his forecast that sales would grow next year, blaming trade 40 00:01:59,600 --> 00:02:02,960 Speaker 1: dispute and global tensions. Back in October, he actually told 41 00:02:03,000 --> 00:02:06,480 Speaker 1: investors that twenty twenty six would be a growth here 42 00:02:06,520 --> 00:02:09,600 Speaker 1: for the semiconductor industry, not so much anymore. At ASML 43 00:02:09,639 --> 00:02:12,320 Speaker 1: instead took a more cautious stance today when it reported 44 00:02:12,320 --> 00:02:15,600 Speaker 1: its second quarter earnings. It's chief financial officer said that 45 00:02:15,639 --> 00:02:18,040 Speaker 1: clients are more worried about the global trade war than 46 00:02:18,080 --> 00:02:21,600 Speaker 1: they were back in April. He said, our customers are 47 00:02:21,600 --> 00:02:24,240 Speaker 1: more concerned about the tariff discussions today than they were 48 00:02:24,280 --> 00:02:27,079 Speaker 1: three months ago. Countries are in full battle mode again. 49 00:02:27,480 --> 00:02:31,560 Speaker 1: ASML forecast third quarter net sales between seven point four 50 00:02:31,680 --> 00:02:34,320 Speaker 1: billion euros and seven point nine billion euros. That was 51 00:02:34,360 --> 00:02:37,520 Speaker 1: below the forecast of eight point two billion. It expects 52 00:02:37,600 --> 00:02:39,799 Speaker 1: revenue of fifteen percent growth for the next year. 53 00:02:40,000 --> 00:02:43,160 Speaker 3: Okay, in the US, ADRs or ASML US down eight 54 00:02:43,160 --> 00:02:46,360 Speaker 3: point three percent right now. Out in Europe and Amsterdam 55 00:02:46,360 --> 00:02:48,720 Speaker 3: I down eleven point four percent on the day, So 56 00:02:48,960 --> 00:02:51,880 Speaker 3: quite the hood tough day for them, all right. Johnson 57 00:02:51,880 --> 00:02:53,360 Speaker 3: and Johnson a little bit green there. 58 00:02:53,240 --> 00:02:56,440 Speaker 1: Yeah, So interesting how differently these companies have been navigating 59 00:02:56,480 --> 00:02:58,480 Speaker 1: all of this. Johnson and Johnson, a company that is 60 00:02:58,760 --> 00:03:02,560 Speaker 1: faring much better, beat Wall Street quarterly sales expectations and 61 00:03:02,639 --> 00:03:05,440 Speaker 1: raised its full year outlook. Obviously, what companies are saying 62 00:03:05,440 --> 00:03:08,440 Speaker 1: about their outlooks is so so important this earning season. 63 00:03:08,560 --> 00:03:10,520 Speaker 1: This is also a show of confidence at a time 64 00:03:10,600 --> 00:03:14,800 Speaker 1: that the pharmaceutical industry faces the threat of tariffs. The 65 00:03:14,840 --> 00:03:17,680 Speaker 1: strong results from the sector come even as President Trump 66 00:03:17,720 --> 00:03:21,079 Speaker 1: floated the idea of tariffs on the sector on Tuesday night. 67 00:03:21,120 --> 00:03:23,520 Speaker 1: He said that they could probably come at the end 68 00:03:23,520 --> 00:03:26,040 Speaker 1: of this month, start slowly, and work their way up. 69 00:03:26,120 --> 00:03:29,360 Speaker 1: He actually told reporters he would impose tariffs of as 70 00:03:29,440 --> 00:03:32,600 Speaker 1: much as two hundred percent on the sector over the 71 00:03:32,639 --> 00:03:36,160 Speaker 1: next year to eighteen months if companies don't move their 72 00:03:36,200 --> 00:03:38,640 Speaker 1: businesses here to the US, and the CFO of Johnson 73 00:03:38,680 --> 00:03:41,960 Speaker 1: and Johnson actually said that the gradual approach was a 74 00:03:41,960 --> 00:03:44,920 Speaker 1: good thing. It's a testament that Trump understands that this 75 00:03:44,960 --> 00:03:48,800 Speaker 1: can't happen overnight, so obviously investors are taking that come 76 00:03:49,000 --> 00:03:52,960 Speaker 1: that those remarks positively. Mizuho also said that a notable 77 00:03:52,960 --> 00:03:55,640 Speaker 1: takeaway is the increase in guidance in the face of 78 00:03:55,680 --> 00:03:58,480 Speaker 1: so much regulatory and policy uncertainty. 79 00:03:59,400 --> 00:04:03,520 Speaker 2: The stockm Movers podcast from Bloomberg Radio. Check back with 80 00:04:03,600 --> 00:04:06,360 Speaker 2: us throughout the day for the latest roundup of companies 81 00:04:06,400 --> 00:04:09,440 Speaker 2: making news on Wall Street and for the latest market 82 00:04:09,480 --> 00:04:13,840 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 83 00:04:13,880 --> 00:04:17,120 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 84 00:04:17,200 --> 00:04:18,679 Speaker 2: the Bloomberg Business app.