WEBVTT - JPMorgan Chase Falls, Johnson & Johnson Rises, Globalstar Gains on proposed Amazon Acquisition

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market.

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<v Speaker 1>Harnessing the power of Bloomberg data. Let's take a look

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<v Speaker 1>at some of the stocks on the move today. We

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<v Speaker 1>can do that with Bloombergs and not Italie Kenny, Djevich Tali.

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<v Speaker 2>What are you looking at today? Let's start with banks, guys.

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<v Speaker 2>Shares of JP Morgan are now flat parents some earlier losses,

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<v Speaker 2>so we know that the company posted highest ever for

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<v Speaker 2>all the revenue for the first three months of the year.

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<v Speaker 2>What is interesting is that revenue was up by in

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<v Speaker 2>both equity and fixed income space, up twenty percent from

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<v Speaker 2>a year earlier. It just highlights how traders nicely navigated

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<v Speaker 2>this volatile environment now. JP Morgan also lowered full year

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<v Speaker 2>net interest income guidance to back to one of three

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<v Speaker 2>billion dollars, but held outlook excluding markets for NII stady.

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<v Speaker 2>In terms of deal making, investment making venue was up

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<v Speaker 2>by thirty eight percent year of a year, so it

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<v Speaker 2>looks like this year is a year of IPO for

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<v Speaker 2>JP Morgan. CEO, of course, highlighted some uncertainty related to

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<v Speaker 2>the geopolitical.

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<v Speaker 1>Development, right, and the big IPOs haven't even happened yet

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<v Speaker 1>this year, so there's more money to be made. All right,

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<v Speaker 1>let's talk about your second stock.

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<v Speaker 2>JJ, Yes, the tickets J ANDJ. The stock is also flat,

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<v Speaker 2>but earnings results were really positive. So the company reported

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<v Speaker 2>first quart of sales above expectations. Overall sales growth was

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<v Speaker 2>ten percent up from a year ago. Boosted also its

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<v Speaker 2>outlook for the year, led by strong growth in some areas,

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<v Speaker 2>including cancer medicines. Now, it is interesting that the solid

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<v Speaker 2>results basically highlight how big drug makers, including JJ, are

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<v Speaker 2>navigating this environment, despite the fact that some of them,

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<v Speaker 2>including JJ, had to make the deal with the White

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<v Speaker 2>House to lower drug prices. So again, the management highlighted

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<v Speaker 2>that the drug maker expects to be excluded from the

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<v Speaker 2>new pharmaceutical tariffs announced in early earlier this month because

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<v Speaker 2>again it made a deal with the Trump administration to

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<v Speaker 2>provide discounts. One more, one more yeah, so a global star.

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<v Speaker 2>This is one of the biggest movers today the tickers gsat.

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<v Speaker 2>The stock is up by almost ten percent after Amazon

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<v Speaker 2>agreed to buy the company for ninety dollars a share.

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<v Speaker 2>So Amazon is building its own lower orbit satellite network

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<v Speaker 2>called Amazon Leo, so it is a bit to compete

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<v Speaker 2>with ill umusks Starling. So Amazon is pitching Leo for

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<v Speaker 2>retail and also business customers. So we'll see how this

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<v Speaker 2>plays out, but for now, investors and analysts are pretty

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<v Speaker 2>optimistic about that and Global Star is a relatively small company.

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<v Speaker 2>It provides mobile voice data communications services viaset.

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<v Speaker 1>All the stock mover's report from Bloomberg Radio. Check back

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<v Speaker 1>with us throughout the day for the latest roundup of

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<v Speaker 1>companies making news on Wall Street and for the latest

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<v Speaker 1>market moving headlines. Listen to Bloomberg Radio Live, catch us

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