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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: The Stock Movers podcast, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: I'm Carol Master with Matt Miller. We do want to

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Speaker 3: take a look at some stocks on the move. Christina

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Speaker 3: Quino's with us, managing editor for Bloomberg Markets Live blog

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Speaker 3: here at Bloomberg News.

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Speaker 4: We do want to talk stocks, and Centene is one

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Speaker 4: that everyone's.

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Speaker 3: Been talking about today.

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Speaker 4: Christine, absolutely, Carol.

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Speaker 1: I mean, with a record forty percent drop, how could

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Speaker 1: you not talk about it? Right? So Yeah. Senten ticker

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Speaker 1: CNC is a health insurance group and the reason it

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Speaker 1: dropped so much today was because it pulled its twenty

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Speaker 1: twenty five guidance, primarily because of rising risks from its

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Speaker 1: Affordable Care Act plans. Right, the company is the biggest

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Speaker 1: or it's a top seller of ACA health plans, and

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Speaker 1: given what's going on with the tax bill and potential

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Speaker 1: cut to medicate, is really suffering big and you know,

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Speaker 1: it's taken down a lot of the other health insurance

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Speaker 1: companies who investors are fearing might suffer the same fate,

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Speaker 1: particularly for Sentine. We did have ubs analysts cutting their

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Speaker 1: view to neutral from buy, and they're saying the same thing.

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Speaker 1: You know, Medicaid costrnds not looking great for this company.

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Speaker 1: Blooming Intelligence also warning that its debt faces the risk

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Speaker 1: of being downgraded to junk and potentially be excluded from

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Speaker 1: the Bloomberg US aggregate in debt got in one day, like.

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Speaker 4: Yeah, it's all over. It's amazing that nobody saw this coming, right,

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Speaker 4: We've seen the draft legislation, right, it's fascinating. And you

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Speaker 4: know what else is fascinating, Christine, the fact that Tesla

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Speaker 4: actually rose today after putting out such dismal sales numbers.

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Speaker 4: I mean, this is a company that's supposed to be

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Speaker 4: making at least two million and selling two million cars

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Speaker 4: a year, and if you look at what they did

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Speaker 4: this last quarter, it's an annual run rate of only

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Speaker 4: one point five.

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Speaker 1: Absolutely man, and now they're facing a deficit of one

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Speaker 1: hundred and ten thousand cars to overcome that in the

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Speaker 1: second half and return to growth this year. But yeah,

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Speaker 1: absolutely right, Tesla took her Tsla finishing the day of

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Speaker 1: nearly five percent. You know what, it's really benefiting from

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Speaker 1: lowered expectations, That's what it is right, because, yes, as

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Speaker 1: you pointed out that global sales tumbled more than thirty

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Speaker 1: thirteen percent in the second quarter, but because the expectation

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Speaker 1: was for as much as a twenty percent decline, then

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Speaker 1: analysts are saying, oh, actually it's not that bad. And

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Speaker 1: we did get William Blear analysts saying as well that

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Speaker 1: their inline delivery numbers is probably being seen as win

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Speaker 1: and there's a sense that demand growth is simply slowing

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Speaker 1: rather than spiraling.

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Speaker 4: I will say that did you have gene Monster on?

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Speaker 3: Who had gene Monster?

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Speaker 4: No, that was the tech show. I saw him on

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Speaker 4: Bloomberg Tech with Ed Ludlow on Carolina.

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Speaker 3: I said, we're at the bottom here, right, managing partner

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Speaker 3: of Deepwater Asset Management talking.

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Speaker 4: I did see what Ford the Ford Motor Company, which

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Speaker 4: had been the second biggest seller of electric vehicles in

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Speaker 4: America after Tesla. They only sold sixteen thousand evs in

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Speaker 4: the whole second quarter.

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Speaker 3: It's not great.

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Speaker 4: So it makes Tesla's three three hundred and eighty four

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Speaker 4: thousand seem like a decent amount.

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Speaker 1: Yeah.

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Speaker 3: Yeah, what's Tesla doing this year?

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Speaker 4: Tesla is uh? I think they have drawn down twenty

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Speaker 4: two percent day Yeah, and they've dropped below a trillion dollars.

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Speaker 4: Right as we were saying yesterday, they're no longer a

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Speaker 4: trillion dollar stock. Oh no, day's game brillion. Today's game

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Speaker 4: there at one point zero won six trillion dollars.

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Speaker 3: Tick her ts la, we know it. Well, let's go

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Speaker 3: to Coinbase.

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Speaker 1: Coinbase tick her coi in. That's also having a good

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Speaker 1: day today. Shares up five percent to finish the day,

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Speaker 1: and that is really primarily due to just this euphoria

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Speaker 1: over the stock market, right and when you see SMB

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Speaker 1: five hundred finishing your record highs once again, the first

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Speaker 1: things out.

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Speaker 4: Game euphooria of the stock market.

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Speaker 2: School.

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Speaker 1: Still lack of outright bag us. She'll be free like that, right,

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Speaker 1: But you know, and when the stock mark is kind

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Speaker 1: of in this sort of mood, it's a shortened week,

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Speaker 1: we're about to head into a holiday long weekend. There

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Speaker 1: is a little bit of optimism there, however, short lived.

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Speaker 1: But crypto link stocks of course benefiting from that, in

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Speaker 1: Coinbase among them. But you know, specifically for coinbas we

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Speaker 1: did have a few bits of good news for them.

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Speaker 1: You know, they have that tie up with PayPal in

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Speaker 1: Australia where customers can now use PayPal to buy and

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Speaker 1: sell cryptocurrencies on a platform. And then last week their

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Speaker 1: shares also hit their first record since twenty twenty one,

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Speaker 1: and that is because of the US Senate legislation for

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Speaker 1: stable coins pegged at a dollar. That really did do

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Speaker 1: a lot for coinbase shares, and of course it may

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Speaker 1: it was Attitude to S and P five.

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Speaker 2: Hundred, the Stock Movers podcast from Bloomberg Radio. Check back

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Speaker 2: with us throughout the day for the latest roundup of

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Speaker 2: companies making news on Wall Street and for the latest

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Speaker 2: market move moving headlines. Listen to Bloomberg Radio Live, catch

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Speaker 2: us on YouTube, Bloomberg dot com, and on Applecarplay and

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Speaker 2: Android Auto with the Bloomberg Business app.