1 00:00:02,520 --> 00:00:10,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers podcast, 2 00:00:10,800 --> 00:00:14,040 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:14,240 --> 00:00:18,119 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:17,600 --> 00:00:19,759 Speaker 2: See where the action is under the some of the movers. 5 00:00:19,840 --> 00:00:23,200 Speaker 2: Weldona Hirich joins us. She's across asset reporter for Bloomberg News, 6 00:00:23,239 --> 00:00:26,479 Speaker 2: joining us live here in our Bloomberg Interactive Brokers studio. Loldona, 7 00:00:26,560 --> 00:00:28,040 Speaker 2: what are the names that are moving today that you're 8 00:00:28,040 --> 00:00:28,760 Speaker 2: looking at. 9 00:00:29,080 --> 00:00:31,360 Speaker 3: I'm taking a look at Tesla shares, of which have 10 00:00:31,440 --> 00:00:35,160 Speaker 3: obviously been under pressure this year, given Elon Musk's role 11 00:00:35,320 --> 00:00:38,200 Speaker 3: in the government and the drop off in Tesla sales 12 00:00:38,240 --> 00:00:40,640 Speaker 3: that we've seen. But it's really notable that over the 13 00:00:40,640 --> 00:00:43,960 Speaker 3: weekend we had Webbush analyst Dan Ives come out with 14 00:00:44,040 --> 00:00:49,160 Speaker 3: a somewhat stark note. He's possibly the best known tech 15 00:00:49,400 --> 00:00:52,720 Speaker 3: analyst and also a noted Tesla ble and a noted 16 00:00:52,920 --> 00:00:55,600 Speaker 3: tech bull, and what he was saying is that Elon 17 00:00:55,680 --> 00:00:58,480 Speaker 3: Musk should step back from his work at DOJE and 18 00:00:58,680 --> 00:01:02,800 Speaker 3: refocus on Tesla full time, given that the carmaker is 19 00:01:02,840 --> 00:01:06,240 Speaker 3: facing what he called a code read moment ahead of 20 00:01:06,880 --> 00:01:10,360 Speaker 3: h IT reporting earnings later this week. What he said 21 00:01:10,360 --> 00:01:12,320 Speaker 3: in the note is Musk needs to leave the government, 22 00:01:12,360 --> 00:01:14,759 Speaker 3: take a major step back on DOJE, and get back 23 00:01:14,800 --> 00:01:18,440 Speaker 3: to being CEO of Tesla full time again. A noted 24 00:01:18,880 --> 00:01:22,080 Speaker 3: bullish analyst on Tesla coming out with these stark. 25 00:01:21,880 --> 00:01:24,240 Speaker 4: Words, it's a totally unfair question that you may not know, 26 00:01:24,319 --> 00:01:26,520 Speaker 4: but that's okay. Is Elon Musk going to be on 27 00:01:26,560 --> 00:01:27,240 Speaker 4: the call tomorrow? 28 00:01:28,280 --> 00:01:32,160 Speaker 1: Oh, I would be, Well, that's a really great thing. 29 00:01:32,280 --> 00:01:33,600 Speaker 2: I would think he would be. But I don't know. 30 00:01:33,880 --> 00:01:35,560 Speaker 4: I was gonna say, because the whole because the whole 31 00:01:35,600 --> 00:01:38,280 Speaker 4: point is that he wants Musk back in the control seats, yes, 32 00:01:38,520 --> 00:01:40,800 Speaker 4: saying that he just needs like that direction of the company. 33 00:01:41,480 --> 00:01:42,880 Speaker 4: And I just want to I'm just curious as to 34 00:01:42,920 --> 00:01:45,520 Speaker 4: what that's going to wind up looking like. Anyway, You're 35 00:01:45,520 --> 00:01:47,960 Speaker 4: also looking at Netflix, so again we were talking about 36 00:01:47,960 --> 00:01:49,960 Speaker 4: this in the last hour. This feels a little macro 37 00:01:50,080 --> 00:01:51,960 Speaker 4: proof in some respects. 38 00:01:51,440 --> 00:01:53,640 Speaker 3: A little bit. We have shares of Netflix up some 39 00:01:53,880 --> 00:01:56,680 Speaker 3: three percent today, and that's after your reported earnings at 40 00:01:56,680 --> 00:01:58,960 Speaker 3: the end of last week, right before the holiday, and 41 00:01:59,000 --> 00:02:02,960 Speaker 3: I think the earnings surprise analyst in a positive way 42 00:02:03,080 --> 00:02:06,160 Speaker 3: for once. So we actually have shares of Netflix up 43 00:02:06,320 --> 00:02:09,480 Speaker 3: more than ten percent year to date. Obviously, the market 44 00:02:09,520 --> 00:02:12,400 Speaker 3: is having a really really tough year, so to have 45 00:02:12,440 --> 00:02:15,480 Speaker 3: one of these big tech giants actually doing really well 46 00:02:15,840 --> 00:02:20,600 Speaker 3: is a note of exactly. And so we have Netflix 47 00:02:20,639 --> 00:02:24,000 Speaker 3: shares rising. Forecasts revenue for the second quarter that beat 48 00:02:24,000 --> 00:02:27,959 Speaker 3: the average analyst estimate. It imported record profit to start 49 00:02:28,200 --> 00:02:30,639 Speaker 3: the year, So it's allaying some of those concerns of 50 00:02:30,680 --> 00:02:33,480 Speaker 3: a potential slowdown among analysts, at least. 51 00:02:34,160 --> 00:02:37,240 Speaker 2: About in Nvidia, which has been an AI darling, but 52 00:02:37,400 --> 00:02:38,200 Speaker 2: not so much just here. 53 00:02:38,480 --> 00:02:42,120 Speaker 3: That's back to that basket of companies that aren't doing 54 00:02:42,360 --> 00:02:44,320 Speaker 3: so well. So we have shares down more than five 55 00:02:44,360 --> 00:02:50,640 Speaker 3: percent today alone, obviously hard hit year to date. Shares 56 00:02:50,680 --> 00:02:54,560 Speaker 3: of Navidia are trading at near their lowest valuation in 57 00:02:54,639 --> 00:02:58,360 Speaker 3: this AI era that we've had over the last couple 58 00:02:58,400 --> 00:03:02,960 Speaker 3: of years, and investors still seem to have some concerns 59 00:03:03,000 --> 00:03:06,679 Speaker 3: about buying. They're being cautious about buying. Obviously, the list 60 00:03:06,720 --> 00:03:10,920 Speaker 3: of concerns is long and growing. Maybe we can say 61 00:03:11,080 --> 00:03:13,800 Speaker 3: so spending on AI could slow down given the escalating 62 00:03:13,840 --> 00:03:16,680 Speaker 3: trade war. And then last week we had the company 63 00:03:16,680 --> 00:03:20,040 Speaker 3: also saying that one of its chip lines the US 64 00:03:20,480 --> 00:03:23,320 Speaker 3: authorities have barred it from selling it in China, something 65 00:03:23,360 --> 00:03:24,959 Speaker 3: that could cost the company billions of dollars. 66 00:03:26,200 --> 00:03:30,320 Speaker 1: The Stock Movers podcast from Bloomberg Radio. Check back with 67 00:03:30,400 --> 00:03:33,160 Speaker 1: us throughout the day for the latest roundup of companies 68 00:03:33,200 --> 00:03:36,240 Speaker 1: making news on Wall Street and for the latest market 69 00:03:36,280 --> 00:03:40,680 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 70 00:03:40,680 --> 00:03:43,960 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 71 00:03:44,000 --> 00:03:45,480 Speaker 1: the Bloomberg Business app.