WEBVTT - Introducing: Stock Movers

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<v Speaker 1>Hi, I'm Caroline Hyde introducing you to the new Stockmovers

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<v Speaker 1>podcast from Bloomberg. The show brings you short episodes five

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<v Speaker 1>minutes or less, covering the stocks making gains and losses

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<v Speaker 1>in today's trading. Subscribe to Stockmovers on Apple, Spotify, or

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<v Speaker 1>anyway you get your podcasts now. Here's a sample of

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<v Speaker 1>the latest episode from our team at Bloomberg.

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<v Speaker 2>Bloomberg Audio Studios, Podcasts, radio News. The Stock Movers podcast

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<v Speaker 2>your roundup of companies making moves in the stock market,

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<v Speaker 2>harnessing the power of Bloomberg Data.

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<v Speaker 3>Both a look at some of the stocks that are

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<v Speaker 3>roving look under the hood right now. We're joined by

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<v Speaker 3>Bailly Lipschultz, the equity reporter for Bloomberg News. At the

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<v Speaker 3>intersection of China and Chips, we find well Texas Instruments.

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<v Speaker 4>Yeah, Chips calculators. As Emily made the point, they do

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<v Speaker 4>thing stock right now under the taker t x N

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<v Speaker 4>worst forming the S and P five hundred. This comes

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<v Speaker 4>and I'm going to use a surveillance word, a little

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<v Speaker 4>bit of bifurcation of the semiconductor's index. We're seeing Broadcom

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<v Speaker 4>trading higher as is ASML and Nvidia, but the reason

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<v Speaker 4>that Texas Instrument, along with Intel are under so much

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<v Speaker 4>pressure is because of the new Chinese tariffs targeting semiconductor imports.

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<v Speaker 4>So Beijing raising tariffs in all US goods. US manufacturers

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<v Speaker 4>Intel and Texas Instrument are down because of them.

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<v Speaker 3>How much in terms of chips do we sell? Does

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<v Speaker 3>the US sell to China? And why don't they just

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<v Speaker 3>make their own?

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<v Speaker 4>I mean you're asking, You're asking the real questions you

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<v Speaker 4>should be asking. But I think that goes back to

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<v Speaker 4>the whole argument about a lot of the trade war

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<v Speaker 4>details of who imports what and who exports other things.

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<v Speaker 2>That's right.

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<v Speaker 4>I mean again, I just think of calculators.

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<v Speaker 2>But I guess this is all based on the trade

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<v Speaker 2>ward not about calculator demand.

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<v Speaker 4>No, not about at least not today. But sentiment is

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<v Speaker 4>definitely getting dang even though the S and P five hundred.

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<v Speaker 3>You have a calculator, I have people to do for me.

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<v Speaker 4>Well, I used to. I would always use a Texas instrument.

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<v Speaker 2>Yeah cool, they.

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<v Speaker 4>Didn't have those sat. What did you use?

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<v Speaker 3>We heard capul we pulled a handle on it.

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<v Speaker 4>What else are you watching? You stick on on the

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<v Speaker 4>trade that maybe caters to an older generation. Gold ripping,

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<v Speaker 4>So Newmont up right now up more than six and

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<v Speaker 4>a half percent tick or any best performing the SNB

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<v Speaker 4>five hundred. Opposite side of that, when people are getting anxious,

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<v Speaker 4>they flocked to precious medals, they flocked to gold, they

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<v Speaker 4>flocked to commodities, So Newmont rallying because of that. Also,

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<v Speaker 4>the company did get an upgrade from ubs, hiking their

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<v Speaker 4>price target to sixty bucks from fifty. The stock right

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<v Speaker 4>now treading at fifty four forty, basically saying long run

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<v Speaker 4>company has a way to go to reestablish their track

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<v Speaker 4>record and credibility. But basically Gold COEs A are rallying

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<v Speaker 4>and the backdrop for Macro is better for the company.

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<v Speaker 3>Are you going to like get a pick and a

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<v Speaker 3>shovel and go up to the Yukon? At some point

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<v Speaker 3>debating it?

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<v Speaker 4>You know, I'm from California, so maybe I should go

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<v Speaker 4>back to the West coast.

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<v Speaker 3>Treat it like Sutter's Mill anywhere near there.

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<v Speaker 4>I don't even know where that is. You're using geography, man,

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<v Speaker 4>you're exposing the sausade.

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<v Speaker 3>Oh never mind, Emily, what's the next stock You're looking at.

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<v Speaker 4>One of the underperformers in the banking space, Walls Fargo

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<v Speaker 4>right now down four percent ticker WFC. Big earning season

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<v Speaker 4>for banks, but obviously the big focus is on what

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<v Speaker 4>the future holds for these companies. The one thing that

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<v Speaker 4>did stand out though, for Wells Fargo, obviously a bit

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<v Speaker 4>different of a business relative to JP Morgan and Morgan Stanley,

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<v Speaker 4>they actually got digged by a number of analysts flagging

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<v Speaker 4>lower net interest income and non interest income, so basically

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<v Speaker 4>saying that those were the net interest income was lighter

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<v Speaker 4>in they're no reserves built, according to HSBC analysts and others,

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<v Speaker 4>basically saying that weaker revenues were hitting the company. But again,

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<v Speaker 4>we are in such a macro market that these moves

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<v Speaker 4>can verset pretty quickly.

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<v Speaker 2>The Stockmovers podcast from Bloomberg Radio. Check back with us

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<v Speaker 2>throughout the day for the latest roundup of companies making

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<v Speaker 2>news on Wall Street and for the latest market moving headlines.

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<v Speaker 2>Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg

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