1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers Report, 2 00:00:10,240 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:17,079 --> 00:00:20,760 Speaker 2: Stock Movers is a podcast with Lisa Matteo. Lisa, how 5 00:00:20,760 --> 00:00:21,480 Speaker 2: do you start? All right? 6 00:00:21,480 --> 00:00:23,800 Speaker 3: We're starting with defense stocks because they are rallying. I'll 7 00:00:23,800 --> 00:00:26,440 Speaker 3: give you a few examples. So North of Grumming up 8 00:00:26,480 --> 00:00:29,440 Speaker 3: eight as much as eight percent, Locky Martin up seven percent, 9 00:00:29,560 --> 00:00:32,520 Speaker 3: RTX up as much as four percent. The reason behind 10 00:00:32,520 --> 00:00:34,600 Speaker 3: all this well, President Trump said he's going to request 11 00:00:34,600 --> 00:00:37,000 Speaker 3: an increase in the US military budget by more than 12 00:00:37,040 --> 00:00:39,360 Speaker 3: fifty percent to one and a half trillion dollars for 13 00:00:39,400 --> 00:00:42,800 Speaker 3: twenty twenty seven. Now that news actually helped the stocks 14 00:00:42,800 --> 00:00:46,080 Speaker 3: rebound from me yesterday when they fell because President Trump 15 00:00:46,159 --> 00:00:49,560 Speaker 3: called for curbs on executive pay shareholder returns in the sector. 16 00:00:50,240 --> 00:00:52,440 Speaker 3: But it's not just here in the US. You have 17 00:00:52,680 --> 00:00:56,120 Speaker 3: Bae Systems rose as much as seven percent, Ryan Mattala 18 00:00:56,200 --> 00:00:59,560 Speaker 3: as much as four percent. Defense stocks rose in Asia 19 00:00:59,560 --> 00:01:02,080 Speaker 3: two and I mean we've seen action too, right the 20 00:01:02,160 --> 00:01:05,640 Speaker 3: US random Venezuela, maybe Greenland. 21 00:01:05,400 --> 00:01:10,360 Speaker 2: Four years ago. Putin invades Ukraine the morning after we're 22 00:01:10,400 --> 00:01:13,840 Speaker 2: putting the show together. Total panic. We're putting the show together, 23 00:01:14,000 --> 00:01:16,800 Speaker 2: and I go get David Folkert's land out and he 24 00:01:16,920 --> 00:01:21,720 Speaker 2: predicted four years ago exactly what you're talking about, that 25 00:01:21,800 --> 00:01:25,040 Speaker 2: there would be massive fiscal spending on defense. 26 00:01:25,120 --> 00:01:27,800 Speaker 4: Yeah, it'd be interesting to see to what extent the 27 00:01:27,840 --> 00:01:29,600 Speaker 4: European countries. 28 00:01:29,400 --> 00:01:30,920 Speaker 2: Step up and meet really step up. 29 00:01:30,959 --> 00:01:31,800 Speaker 1: Yeah, see how that plays. 30 00:01:31,959 --> 00:01:33,479 Speaker 2: That's a bet that's out there. I would say, it's 31 00:01:33,480 --> 00:01:34,440 Speaker 2: not a real Germany. 32 00:01:34,440 --> 00:01:36,280 Speaker 4: I think people feel pretty comfortable about Germany, but it's 33 00:01:36,360 --> 00:01:37,959 Speaker 4: kind of everybody else. Are they going to make that 34 00:01:38,000 --> 00:01:39,720 Speaker 4: three four to five percent of GDP? I don't know. 35 00:01:40,319 --> 00:01:41,440 Speaker 4: I don't have to see, all right. 36 00:01:42,400 --> 00:01:44,640 Speaker 3: Yeah, home builders, that's another one, because this of course 37 00:01:44,680 --> 00:01:48,000 Speaker 3: going off headlines to homebuilder's socks lower. President Trump he 38 00:01:48,040 --> 00:01:50,640 Speaker 3: moved to ban those large institutional investors from buying single 39 00:01:50,720 --> 00:01:54,040 Speaker 3: family homes. He said it's this push toward housing affordability. 40 00:01:54,360 --> 00:01:57,320 Speaker 3: He didn't give any details on what kind of effort 41 00:01:57,320 --> 00:01:59,200 Speaker 3: this is going to take, but he did talk about it. 42 00:01:59,360 --> 00:02:01,480 Speaker 3: He said he would talk about it a speech upcoming 43 00:02:01,480 --> 00:02:04,240 Speaker 3: at the World Economic for Mendavos that's taken place later 44 00:02:04,280 --> 00:02:06,280 Speaker 3: this month. So I'll give you a few examples like 45 00:02:06,400 --> 00:02:08,639 Speaker 3: KB Home they've been down as much as three percent, 46 00:02:08,720 --> 00:02:12,040 Speaker 3: Poulti Group two as well, even Blackstone you look, a 47 00:02:12,080 --> 00:02:15,320 Speaker 3: major investor in residential real estate, their shares fell by 48 00:02:15,360 --> 00:02:18,840 Speaker 3: as much as nine percent, and home rental company American 49 00:02:18,919 --> 00:02:22,840 Speaker 3: Homes for Rent their shares fell four percent. Experts are 50 00:02:22,880 --> 00:02:25,840 Speaker 3: saying it just comes down to whether the legislation, you know, 51 00:02:25,919 --> 00:02:28,639 Speaker 3: comes to the floor and how it's actually structured is 52 00:02:28,919 --> 00:02:30,720 Speaker 3: what it comes down to what they'll be looking for. 53 00:02:31,160 --> 00:02:33,640 Speaker 2: Yeah, I get a lot of heat on this. I 54 00:02:33,639 --> 00:02:35,800 Speaker 2: don't have a lot of clarity. I need clarity. I 55 00:02:35,800 --> 00:02:38,079 Speaker 2: need to listen to what, like you said, listen to 56 00:02:38,120 --> 00:02:38,920 Speaker 2: what the experts say. 57 00:02:39,000 --> 00:02:41,000 Speaker 4: Well, the experts are saying, I would just think, I mean, 58 00:02:41,200 --> 00:02:43,080 Speaker 4: I understand how we got I think I understand how 59 00:02:43,120 --> 00:02:45,560 Speaker 4: we got to this housing shortage. But can't you just 60 00:02:45,560 --> 00:02:46,360 Speaker 4: build more houses? 61 00:02:46,919 --> 00:02:47,160 Speaker 1: Yeah? 62 00:02:47,480 --> 00:02:49,440 Speaker 4: I don't know, but now they're taking the permitting is 63 00:02:49,440 --> 00:02:54,280 Speaker 4: difficult and the cost of construction materials with inflation have 64 00:02:54,360 --> 00:02:57,280 Speaker 4: been going up. So but that's a big issue. 65 00:02:57,320 --> 00:02:57,480 Speaker 1: You know. 66 00:02:57,880 --> 00:03:00,800 Speaker 3: I have to admit I was out bit by company 67 00:03:01,120 --> 00:03:04,840 Speaker 3: just like that who I couldn't compete with. So, yes, 68 00:03:04,919 --> 00:03:05,520 Speaker 3: it does happen. 69 00:03:05,560 --> 00:03:07,280 Speaker 4: So you did what a lot of people do is 70 00:03:07,320 --> 00:03:10,360 Speaker 4: they go to lower cost parts of the country. 71 00:03:10,080 --> 00:03:12,079 Speaker 3: Right, right, That's why I went to Pennsylvania. 72 00:03:12,120 --> 00:03:14,359 Speaker 4: There you go, you're in Pennsylvania. 73 00:03:14,520 --> 00:03:16,840 Speaker 3: That's a we wound up buying on the names Michael, 74 00:03:17,080 --> 00:03:17,600 Speaker 3: the neighbors. 75 00:03:17,639 --> 00:03:18,600 Speaker 4: I don't commute from there. 76 00:03:18,639 --> 00:03:22,160 Speaker 3: Are you outside Pittsburgh now practically. 77 00:03:22,160 --> 00:03:24,040 Speaker 2: No, she's got her place. It's near the Regency. 78 00:03:24,840 --> 00:03:26,920 Speaker 3: Yes, next, there you go. Okay, I gotta go to 79 00:03:27,080 --> 00:03:31,000 Speaker 3: Constellation Brands. Okay, there shares more than two percent. Stz's 80 00:03:31,040 --> 00:03:33,960 Speaker 3: a ticker. They own Corona, Modelos Special. 81 00:03:34,120 --> 00:03:34,240 Speaker 2: Right. 82 00:03:34,280 --> 00:03:37,680 Speaker 3: So they reported better than expected quarterly resorts reaffirm their 83 00:03:37,680 --> 00:03:41,920 Speaker 3: full year forecast. They did warn though, the consumers, particularly 84 00:03:42,000 --> 00:03:44,920 Speaker 3: the Hispanic community, are buying less beer. They pointed out 85 00:03:44,920 --> 00:03:49,080 Speaker 3: immigration crackdown. They also pointed to the downturn in those yes, 86 00:03:49,240 --> 00:03:52,280 Speaker 3: four thousand calorie jobs, like the demanding jobs, like the 87 00:03:52,320 --> 00:03:56,040 Speaker 3: construction workers or the agriculture workers, and they usually help 88 00:03:56,120 --> 00:03:58,960 Speaker 3: boost the beer sales. And you know, the beer market's 89 00:03:58,960 --> 00:04:01,800 Speaker 3: been struggling. Consumer is looking for healthier We talked about 90 00:04:01,800 --> 00:04:06,320 Speaker 3: non alcoholic drinks. They're actually launching a non alcoholic version 91 00:04:06,400 --> 00:04:09,960 Speaker 3: of MODELO. They even have the lower calorie ones which 92 00:04:10,000 --> 00:04:13,000 Speaker 3: I enjoy. They're the ninety calorie version you enjoy. Yes, 93 00:04:14,000 --> 00:04:16,160 Speaker 3: you can enjoy a nice refreshing beer, but it's only 94 00:04:16,240 --> 00:04:20,720 Speaker 3: ninety calories like I'm in. The Premiere and Modelo Autro. 95 00:04:20,800 --> 00:04:25,640 Speaker 1: Those are the two the Stock Movers Report from Bloomberg Radio. 96 00:04:26,160 --> 00:04:28,279 Speaker 1: Check back with us throughout the day for the latest 97 00:04:28,360 --> 00:04:31,560 Speaker 1: roundup of companies making news on Wall Street and for 98 00:04:31,640 --> 00:04:35,599 Speaker 1: the latest market moving headlines. Listen to Bloomberg Radio Live, 99 00:04:35,960 --> 00:04:39,560 Speaker 1: catch us on YouTube, Bloomberg dot com, and on Applecarplay 100 00:04:39,600 --> 00:04:42,200 Speaker 1: and Android Auto with the Bloomberg Business app.