1 00:00:02,520 --> 00:00:07,040 Speaker 1: Bloomberg Audio Studios, Podcasts, radio News. 2 00:00:09,920 --> 00:00:13,360 Speaker 2: This is the closing bell on this stock mover's report 3 00:00:13,600 --> 00:00:16,560 Speaker 2: the company's making moves at the close of US trading 4 00:00:16,800 --> 00:00:21,640 Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik, and Scarlett. 5 00:00:21,079 --> 00:00:24,480 Speaker 3: Foo all right on the gainers side. A new all 6 00:00:24,520 --> 00:00:28,240 Speaker 3: time high for Fastinal. The company reported earnings earlier today. 7 00:00:28,360 --> 00:00:32,280 Speaker 3: Shares four percent higher at the close. The company reported 8 00:00:32,320 --> 00:00:34,080 Speaker 3: net sales for the second quarter that were up eight 9 00:00:34,120 --> 00:00:36,479 Speaker 3: point six percent over the same period last year. It 10 00:00:36,479 --> 00:00:39,519 Speaker 3: did meet the average analyst estimate. We had Dan Flornes 11 00:00:39,640 --> 00:00:42,400 Speaker 3: on the show, the company's CEO. He said that his 12 00:00:42,520 --> 00:00:46,040 Speaker 3: industrial customers are starting to see business turnaround. Here's what 13 00:00:46,080 --> 00:00:48,839 Speaker 3: he said, quote the knife has stopped dropping. What he 14 00:00:48,880 --> 00:00:51,760 Speaker 3: was referring to is the trying to catch a falling knife. 15 00:00:51,760 --> 00:00:53,920 Speaker 3: Over the last few years that really in the US 16 00:00:53,960 --> 00:00:57,440 Speaker 3: has been industrial production. I did ask him, and Nora 17 00:00:57,440 --> 00:01:00,160 Speaker 3: asked him too, about the impact of tariffs, and he 18 00:01:00,200 --> 00:01:02,360 Speaker 3: said they tried to move their supply chain back in 19 00:01:02,400 --> 00:01:05,360 Speaker 3: twenty eighteen during this first round, and they were able 20 00:01:05,360 --> 00:01:08,320 Speaker 3: to make some changes, not necessarily bringing anything back to 21 00:01:08,400 --> 00:01:11,920 Speaker 3: the US, just not possible right now. Too early to 22 00:01:11,959 --> 00:01:15,080 Speaker 3: say for his customers, though, whether this new teriff regime 23 00:01:15,440 --> 00:01:19,240 Speaker 3: will prompt them to move manufacturing back to the US. 24 00:01:19,360 --> 00:01:21,440 Speaker 3: It's just a reminder how long it takes to actually 25 00:01:21,520 --> 00:01:23,400 Speaker 3: move your supply chain back to the US. If they 26 00:01:23,400 --> 00:01:25,800 Speaker 3: were talking about this back in twenty seventeen and you know, 27 00:01:25,840 --> 00:01:26,440 Speaker 3: weren't able to. 28 00:01:26,640 --> 00:01:27,160 Speaker 4: Get very far. 29 00:01:27,319 --> 00:01:28,600 Speaker 3: Yeah, I mean, do you remember the move back in 30 00:01:28,600 --> 00:01:30,440 Speaker 3: twenty seventeen to twenty eighteen was to move everything out 31 00:01:30,480 --> 00:01:34,480 Speaker 3: of China and like go to Vietnam or Indonesia or India. Well, 32 00:01:34,560 --> 00:01:36,080 Speaker 3: now it kind of doesn't matter where you are if 33 00:01:36,120 --> 00:01:37,759 Speaker 3: you're not in the United States because all of those 34 00:01:37,800 --> 00:01:40,560 Speaker 3: countries are getting tariffed as well. Hey, did any of 35 00:01:40,600 --> 00:01:42,520 Speaker 3: you guys see Superman over the weekend? 36 00:01:42,640 --> 00:01:42,800 Speaker 2: No? 37 00:01:43,080 --> 00:01:43,440 Speaker 1: Was it good? 38 00:01:43,480 --> 00:01:45,400 Speaker 3: I didn't see it either. A lot of people did 39 00:01:45,480 --> 00:01:45,720 Speaker 3: see it. 40 00:01:45,840 --> 00:01:47,600 Speaker 4: We look at you when we see Superman was going 41 00:01:47,640 --> 00:01:48,120 Speaker 4: to say. 42 00:01:48,000 --> 00:01:51,560 Speaker 3: Wow, you guys, you guys are the best. Warner Brothers 43 00:01:51,600 --> 00:01:55,320 Speaker 3: Discovery shares up more than two percent this after the 44 00:01:55,400 --> 00:01:58,120 Speaker 3: company did say that they brought in at least one 45 00:01:58,200 --> 00:02:01,080 Speaker 3: hundred and fifteen million dollars domestically. It did take in 46 00:02:01,080 --> 00:02:03,680 Speaker 3: two hundred and twenty million dollars worldwide, this according to 47 00:02:03,760 --> 00:02:06,560 Speaker 3: statement from Warner Brothers, excuse me, one hundred and twenty 48 00:02:06,560 --> 00:02:09,200 Speaker 3: five million dollars in ticket sales in the US. So 49 00:02:09,200 --> 00:02:11,880 Speaker 3: that did meat expectations of one hundred and fifteen million dollars. 50 00:02:11,919 --> 00:02:15,280 Speaker 3: This is just the opening chapter in a ten year plan. Dinner. 51 00:02:15,320 --> 00:02:17,760 Speaker 3: We have movies and TV shows based on DC comic 52 00:02:17,760 --> 00:02:19,680 Speaker 3: book characters such as Batman and Wonder Woman. 53 00:02:20,440 --> 00:02:21,520 Speaker 1: Haven't they done this before? 54 00:02:22,000 --> 00:02:22,320 Speaker 2: Yeah? 55 00:02:22,400 --> 00:02:23,799 Speaker 3: Okay, all right, I've just. 56 00:02:23,800 --> 00:02:25,480 Speaker 1: Done this, and so I mean, I don't know, do 57 00:02:25,520 --> 00:02:27,079 Speaker 1: you think DC is going to get it right this time? 58 00:02:27,120 --> 00:02:29,040 Speaker 1: And may everyone's saying, okay, you had a decent box 59 00:02:29,040 --> 00:02:32,360 Speaker 1: office domestically, though don't look at the international numbers. Tim 60 00:02:32,480 --> 00:02:34,520 Speaker 1: was not as good. But this idea that maybe they 61 00:02:34,520 --> 00:02:37,280 Speaker 1: could finally build off this and actually truly build up 62 00:02:37,680 --> 00:02:39,560 Speaker 1: something that's comparable to the Marvel universe. 63 00:02:39,680 --> 00:02:41,160 Speaker 3: Look, I don't know what it takes to have a 64 00:02:41,200 --> 00:02:44,720 Speaker 3: successful franchise. No, I don't know, either of life opinion, 65 00:02:44,800 --> 00:02:46,760 Speaker 3: but we can we can look and see what, you know, 66 00:02:46,840 --> 00:02:48,359 Speaker 3: what the Marvel universe has done? 67 00:02:48,440 --> 00:02:48,520 Speaker 2: Right? 68 00:02:48,960 --> 00:02:52,359 Speaker 3: Gallery speaks, Yeah exactly. I think James Gunn knows a 69 00:02:52,400 --> 00:02:54,520 Speaker 3: little more than we do when it comes to what 70 00:02:54,560 --> 00:02:57,440 Speaker 3: makes a successful movie. And finally, I do want to 71 00:02:57,440 --> 00:03:01,520 Speaker 3: talk about Kenryview real quick. They finished the day hired 72 00:03:01,520 --> 00:03:04,200 Speaker 3: today by more than two percent. It's the company behind 73 00:03:04,240 --> 00:03:06,919 Speaker 3: tile and all nutro gena Listrin, formerly the consumer healthcare 74 00:03:06,960 --> 00:03:10,120 Speaker 3: division of J and J. The company said that CEO, 75 00:03:10,240 --> 00:03:12,799 Speaker 3: THEBA Me Mongol, is going to leave the company as 76 00:03:12,800 --> 00:03:15,320 Speaker 3: it continues to revamp the board. Director Kirk Perry will 77 00:03:15,320 --> 00:03:18,760 Speaker 3: take over as interim CEO, effective immediately. They faced push 78 00:03:18,840 --> 00:03:21,880 Speaker 3: from an activist investors for changes on how the company 79 00:03:21,919 --> 00:03:23,720 Speaker 3: is structured and run ever since it was spun off 80 00:03:23,760 --> 00:03:25,880 Speaker 3: from J ANDJ just a couple of years ago. Once again, 81 00:03:26,040 --> 00:03:28,400 Speaker 3: Kenvy shares up by out more than two point two percent. 82 00:03:28,560 --> 00:03:29,880 Speaker 1: Ura well a couple. 83 00:03:29,880 --> 00:03:32,240 Speaker 4: Decliners that I'm teping an eye on right now. We 84 00:03:32,280 --> 00:03:35,600 Speaker 4: had Waters that is a life sciences company about eighteen 85 00:03:35,720 --> 00:03:38,520 Speaker 4: billion dollars in market cap. It fell for double digit 86 00:03:38,600 --> 00:03:41,520 Speaker 4: losses when we ended at the close today after saying 87 00:03:41,520 --> 00:03:46,320 Speaker 4: that it'll merge with Becton Dickinson's biosciences and diagnostic solutions 88 00:03:46,360 --> 00:03:49,840 Speaker 4: business in reverse mores trust transaction that's valued at about 89 00:03:49,880 --> 00:03:53,160 Speaker 4: seventeen and a half billion dollars. We had Jeffrey's analysts 90 00:03:53,160 --> 00:03:55,680 Speaker 4: saying that they expect the stock to trade down due 91 00:03:55,680 --> 00:03:58,640 Speaker 4: to the deal size and variables added to a clean 92 00:03:58,720 --> 00:04:01,160 Speaker 4: replacement cycle story. But if you look at the stock 93 00:04:01,200 --> 00:04:04,200 Speaker 4: on a year date, basis down about eighteen percent. I 94 00:04:04,240 --> 00:04:06,040 Speaker 4: know it's Monday, but I did want to talk about 95 00:04:06,120 --> 00:04:09,880 Speaker 4: an alcohol company. I'm looking at Constellation Brands and we're 96 00:04:09,880 --> 00:04:12,640 Speaker 4: seeing shares that also fell at the close today after 97 00:04:12,720 --> 00:04:16,320 Speaker 4: President Trump declared a thirty percent tariff for Mexico and 98 00:04:16,400 --> 00:04:18,760 Speaker 4: the EU, which of course we know these are key 99 00:04:18,800 --> 00:04:21,240 Speaker 4: markets for those drink makers, so tariffs are really the 100 00:04:21,279 --> 00:04:24,520 Speaker 4: story here. But this is a twenty eight billion dollar company. 101 00:04:24,880 --> 00:04:27,359 Speaker 4: They owned Medello, Corona, a lot of the names that 102 00:04:27,400 --> 00:04:29,640 Speaker 4: we know here. But shares are down about twenty six 103 00:04:29,680 --> 00:04:33,480 Speaker 4: percent this year, So not great news here for the brand. 104 00:04:33,480 --> 00:04:36,400 Speaker 4: Maybe people are going to healthier alternatives we'll see. 105 00:04:36,520 --> 00:04:38,479 Speaker 1: I like the fact you picked an alcohol company because 106 00:04:38,520 --> 00:04:41,920 Speaker 1: you really truly are filling Carol masters have. 107 00:04:41,920 --> 00:04:44,719 Speaker 4: To live up to it the best. I can also 108 00:04:44,800 --> 00:04:48,440 Speaker 4: fluence Energy. That's an energy This is an energy company, 109 00:04:48,480 --> 00:04:50,520 Speaker 4: and we saw energy is the worst performing sector in 110 00:04:50,560 --> 00:04:52,480 Speaker 4: the S and P five hundred today, and this was 111 00:04:52,480 --> 00:04:54,680 Speaker 4: one of the names that was in the red Mazooho 112 00:04:54,800 --> 00:04:57,960 Speaker 4: cut the stock to neutral from outperform. They're also pointing 113 00:04:58,000 --> 00:05:01,200 Speaker 4: towards this tariff impact and additionally the Republican tax and 114 00:05:01,240 --> 00:05:05,039 Speaker 4: spending bills effects on the clean energy sector. The company 115 00:05:05,120 --> 00:05:07,520 Speaker 4: is about one point four billion dollars in market cap, 116 00:05:07,560 --> 00:05:10,000 Speaker 4: but I'm looking at the year today as well to 117 00:05:09,960 --> 00:05:12,600 Speaker 4: down fifty percent. Not looking good. 118 00:05:13,000 --> 00:05:14,880 Speaker 1: All right, Let's get a quick check on yield to 119 00:05:14,880 --> 00:05:17,480 Speaker 1: continue to see a steepening of the curve. Treasury is 120 00:05:17,560 --> 00:05:21,240 Speaker 1: overall falling for a third street day. That's pushing yields higher. 121 00:05:21,360 --> 00:05:23,960 Speaker 1: But two interesting dynamics are playing out. One is obviously 122 00:05:24,000 --> 00:05:26,880 Speaker 1: that you're seeing much greater moves in yields on the 123 00:05:26,920 --> 00:05:29,240 Speaker 1: longer end of the curve to the upside. But on 124 00:05:29,279 --> 00:05:30,600 Speaker 1: the short end of the curve. Take a look at 125 00:05:30,600 --> 00:05:32,480 Speaker 1: that one basis point move one and a half if 126 00:05:32,520 --> 00:05:35,159 Speaker 1: you want to be particular on that to year yield. 127 00:05:35,360 --> 00:05:37,400 Speaker 1: And that has been the narrow range that we've actually 128 00:05:37,440 --> 00:05:39,240 Speaker 1: seen on the shorter end of the curve now for 129 00:05:39,360 --> 00:05:41,560 Speaker 1: quite some time. In fact, the past three sessions, we 130 00:05:41,680 --> 00:05:44,680 Speaker 1: basically had one basis point, one basis point, and then 131 00:05:44,720 --> 00:05:47,000 Speaker 1: three basis points, and then if you keep going out 132 00:05:47,120 --> 00:05:49,039 Speaker 1: it really doesn't get much wider than that, and I 133 00:05:49,040 --> 00:05:51,320 Speaker 1: think it is kind of telling Tim and or this 134 00:05:51,440 --> 00:05:54,680 Speaker 1: idea that maybe you have a market at least in 135 00:05:54,680 --> 00:05:56,800 Speaker 1: the treasury market, with a lot of folks right now 136 00:05:56,920 --> 00:05:58,960 Speaker 1: on the sideline. 137 00:06:00,000 --> 00:06:04,400 Speaker 2: Stockmover's Report from Bloomberg Radio. 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