1 00:00:02,520 --> 00:00:07,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,680 --> 00:00:13,080 Speaker 2: The Stock Movers podcast, your roundup of companies making moves 3 00:00:13,080 --> 00:00:16,520 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,760 --> 00:00:19,960 Speaker 2: Let's take a look at some stocks on the move today. 5 00:00:19,960 --> 00:00:23,639 Speaker 1: We are joined by Bloomberg's Kritti Gupta and I see 6 00:00:23,640 --> 00:00:27,440 Speaker 1: one of the stocks you're watching is US Steel? Is 7 00:00:27,480 --> 00:00:31,680 Speaker 1: the Nipon Steel deal back on the radar? Good morning, Kay, 8 00:00:31,760 --> 00:00:34,520 Speaker 1: morning Nathan. It is and it isn't. And that's part 9 00:00:34,520 --> 00:00:36,640 Speaker 1: of the juiciness of the story. I love with sorry, 10 00:00:36,920 --> 00:00:38,080 Speaker 1: because we know that. 11 00:00:38,080 --> 00:00:40,199 Speaker 3: The steel industry in the United States has been struggling 12 00:00:40,240 --> 00:00:42,120 Speaker 3: for a very long time. We also know the US 13 00:00:42,159 --> 00:00:44,839 Speaker 3: Steel has been such an acquisition target, not just for 14 00:00:45,040 --> 00:00:47,680 Speaker 3: nip On Steel over in Japan, leading to kind of 15 00:00:47,680 --> 00:00:50,839 Speaker 3: the chaos and the ultimate kind of unified front the 16 00:00:50,840 --> 00:00:53,200 Speaker 3: booth job Brio Biden and Donald Trump. I don't say 17 00:00:53,200 --> 00:00:56,160 Speaker 3: this very often. I've put together in that a foreign 18 00:00:56,240 --> 00:01:00,360 Speaker 3: company can't overtake one that has been so core to 19 00:01:00,520 --> 00:01:04,120 Speaker 3: the skyscrapers and bridges of the United States. That being said, 20 00:01:04,120 --> 00:01:06,680 Speaker 3: it's also been an acquisition target from an American company 21 00:01:06,720 --> 00:01:09,720 Speaker 3: called Cleveland Cliffs, one that has been trying to get 22 00:01:09,720 --> 00:01:12,080 Speaker 3: its way back in. Nevertheless, the story this morning is 23 00:01:12,080 --> 00:01:15,400 Speaker 3: that Nippon Steel is looking to invest in US Steel, 24 00:01:15,640 --> 00:01:18,160 Speaker 3: but not take over US Steel. Now the numbers here 25 00:01:18,200 --> 00:01:22,280 Speaker 3: are important because Nippon Steel had initially offered the takeover 26 00:01:22,319 --> 00:01:25,240 Speaker 3: bid at about fourteen billion. Now they're talking about an 27 00:01:25,280 --> 00:01:28,479 Speaker 3: investment into US Steel basically kind of a cash injection 28 00:01:28,959 --> 00:01:32,200 Speaker 3: of something like seven billion, so you are seeing about 29 00:01:32,240 --> 00:01:35,960 Speaker 3: half of that initial promise amount. So the Japanese steel 30 00:01:36,080 --> 00:01:39,959 Speaker 3: maker really dropped in Japanese trading, but US Steel is 31 00:01:40,000 --> 00:01:42,959 Speaker 3: surging this morning. The ticker is just the letter X, 32 00:01:43,080 --> 00:01:46,679 Speaker 3: trading out forty five dollars and change high by about 33 00:01:46,840 --> 00:01:49,080 Speaker 3: five and a half percent this morning, So investors are 34 00:01:49,160 --> 00:01:52,200 Speaker 3: liking that that the struggling steel maker is ultimately going 35 00:01:52,200 --> 00:01:54,800 Speaker 3: to get perhaps a little bit of a lifeline. So 36 00:01:54,880 --> 00:01:58,200 Speaker 3: good news there for those US steel bulls. Let's talk 37 00:01:58,200 --> 00:01:59,920 Speaker 3: a little about the tear of conversation if you have 38 00:02:00,080 --> 00:02:02,880 Speaker 3: into enough already, because this is one that's going to 39 00:02:02,920 --> 00:02:05,600 Speaker 3: impact everyone around the world. I'm gonna start with some 40 00:02:05,600 --> 00:02:07,240 Speaker 3: of the tech names because that is where you are 41 00:02:07,280 --> 00:02:09,480 Speaker 3: seeing quite a bit of movement. Because one of the 42 00:02:09,639 --> 00:02:13,399 Speaker 3: countdowns to Liberation Day as Donald Trump has put it 43 00:02:13,440 --> 00:02:15,640 Speaker 3: is regulation on some of the tech companies and how 44 00:02:15,680 --> 00:02:18,320 Speaker 3: you actually quantify that. So Apple and Meta are very 45 00:02:18,360 --> 00:02:21,120 Speaker 3: much in focus for that. They're also expecting to get 46 00:02:21,120 --> 00:02:23,720 Speaker 3: fines from the EU Commission as early as next week. 47 00:02:23,760 --> 00:02:26,760 Speaker 3: So AAPL down about seven tens of one percent for Apple, 48 00:02:26,800 --> 00:02:29,560 Speaker 3: trading out about two hundred and twenty two dollars a share, 49 00:02:29,800 --> 00:02:32,000 Speaker 3: and Meta is down about three tenths of one percent 50 00:02:32,120 --> 00:02:35,000 Speaker 3: as well. So seeing some pain in the tech names 51 00:02:35,040 --> 00:02:38,240 Speaker 3: as one. While I'm with the EU story, let's talk 52 00:02:38,240 --> 00:02:40,959 Speaker 3: about Eli Lilly for example. It is flat at the moment. 53 00:02:41,280 --> 00:02:43,440 Speaker 3: Lly is your ticker trem about eight hundred and twenty 54 00:02:43,480 --> 00:02:46,000 Speaker 3: six dollars a share, But we should mention there's a 55 00:02:46,040 --> 00:02:48,320 Speaker 3: headline crossing the terminal that they are failing to get 56 00:02:48,320 --> 00:02:51,680 Speaker 3: EU approval for their early Allzeimers strugs. So that's another 57 00:02:51,720 --> 00:02:54,880 Speaker 3: place where the regulation story out of Europe really really matters. 58 00:02:55,160 --> 00:02:58,079 Speaker 3: Let me wrap it up here Nathan with Lulu Lemon. 59 00:02:58,320 --> 00:03:02,280 Speaker 3: L U l U is your ticker wopping thirteen percent 60 00:03:02,320 --> 00:03:04,680 Speaker 3: decline this morning in the pre market two hundred and 61 00:03:04,760 --> 00:03:07,880 Speaker 3: ninety seven dollars a share is where it's trading. Their 62 00:03:07,880 --> 00:03:12,200 Speaker 3: outlook certainly freaking everybody out. They have a big release 63 00:03:12,280 --> 00:03:14,799 Speaker 3: that their US sales or consumer spending just isn't working 64 00:03:14,880 --> 00:03:18,200 Speaker 3: in their favor. I should also mention they are headquartered 65 00:03:18,240 --> 00:03:20,680 Speaker 3: in Canada, so if you are worried about reciprocal tariffs 66 00:03:20,680 --> 00:03:22,800 Speaker 3: with Canada, this is a company you want to keep 67 00:03:22,800 --> 00:03:25,640 Speaker 3: an eye on, in addition to any worries around kind 68 00:03:25,680 --> 00:03:28,360 Speaker 3: of consumer spend there as well. Lu LU is your. 69 00:03:28,240 --> 00:03:33,359 Speaker 2: Ticker Nathan the Stock Movers podcast from Bloomberg Radio. Check 70 00:03:33,400 --> 00:03:35,920 Speaker 2: back with us throughout the day for the latest roundup 71 00:03:35,960 --> 00:03:38,800 Speaker 2: of companies making news on Wall Street and for the 72 00:03:38,880 --> 00:03:43,280 Speaker 2: latest market moving headlines. Listen to Bloomberg Radio Live, catch 73 00:03:43,360 --> 00:03:46,440 Speaker 2: us on YouTube, Bloomberg dot com, and on Applecarplay and 74 00:03:46,440 --> 00:03:48,920 Speaker 2: Android Auto with the Bloomberg Business app.