1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,760 --> 00:00:19,480 Speaker 1: Paulstriniu and Tom Kings stock Mowbers. We need to look 5 00:00:19,480 --> 00:00:22,560 Speaker 1: at them right now. Some of the Home Deepot leading 6 00:00:22,600 --> 00:00:24,720 Speaker 1: the way right now with us. 7 00:00:24,800 --> 00:00:26,960 Speaker 3: Lisa Matteo Lisa, Yeah, So I want to start with 8 00:00:26,960 --> 00:00:28,640 Speaker 3: the Home Depot because their shares have been kind of 9 00:00:28,680 --> 00:00:30,560 Speaker 3: all over the map, right They've been up as much 10 00:00:30,560 --> 00:00:33,239 Speaker 3: as two and a half percent, then little changed after that. 11 00:00:34,159 --> 00:00:37,600 Speaker 3: It's CFO basically said that February sales they weighed on 12 00:00:37,640 --> 00:00:41,360 Speaker 3: the quarter because of nationwide weather conditions, but demand improved 13 00:00:41,479 --> 00:00:45,320 Speaker 3: in March and April, so overall it maintained its guidance 14 00:00:45,320 --> 00:00:48,080 Speaker 3: for the year. US sales picked up the forecasts. The 15 00:00:48,120 --> 00:00:51,400 Speaker 3: full year forecasts did include the impact of tariffs. They 16 00:00:51,400 --> 00:00:54,920 Speaker 3: say sources more than about fifty percent of its products. 17 00:00:54,400 --> 00:00:55,200 Speaker 4: In the US. 18 00:00:55,360 --> 00:00:57,720 Speaker 3: But the question is is this really a sign that 19 00:00:57,800 --> 00:01:00,480 Speaker 3: consumer spending is holding up? I mean I went to 20 00:01:00,520 --> 00:01:03,040 Speaker 3: Home Depot this past weekend to get my spring plans, 21 00:01:03,680 --> 00:01:05,800 Speaker 3: the spring plans, and it was packed. 22 00:01:05,840 --> 00:01:08,720 Speaker 1: The path the plans will do they. 23 00:01:08,520 --> 00:01:10,840 Speaker 3: They do they do, So it kind of goes in 24 00:01:10,880 --> 00:01:12,959 Speaker 3: line to what the company is saying, like the smaller 25 00:01:13,080 --> 00:01:16,160 Speaker 3: projects are giving them this big boost. 26 00:01:17,000 --> 00:01:19,319 Speaker 4: Well, the larger projects are kind of being I did 27 00:01:19,400 --> 00:01:19,679 Speaker 4: like the. 28 00:01:19,640 --> 00:01:22,559 Speaker 1: Ten year track record at home Depot. Yeah, it's like Apple, 29 00:01:22,720 --> 00:01:26,520 Speaker 1: Like sure people don't associate it with is it a 30 00:01:26,600 --> 00:01:30,800 Speaker 1: mag eate? Exactly? Very cool. What do you got you 31 00:01:30,800 --> 00:01:31,839 Speaker 1: got four stocks today? 32 00:01:31,920 --> 00:01:32,120 Speaker 2: Yeah? 33 00:01:32,120 --> 00:01:34,600 Speaker 3: Okay, so removing a so Chinese biotech company. It's called 34 00:01:34,680 --> 00:01:36,960 Speaker 3: three S Bio. Okay, their shares have been up as 35 00:01:37,000 --> 00:01:40,240 Speaker 3: much as fifty two percent in Hong Kong. The whole 36 00:01:40,319 --> 00:01:42,959 Speaker 3: reason book behind all this is because Pfizer struck a 37 00:01:42,959 --> 00:01:46,000 Speaker 3: six billion dollar licensing deal with the company to develop 38 00:01:46,000 --> 00:01:48,240 Speaker 3: dis cancer drug drug outside of China. 39 00:01:48,360 --> 00:01:50,640 Speaker 4: So the breakdown is that Pfizer. 40 00:01:50,320 --> 00:01:52,240 Speaker 3: Is going to pay about one point twenty five billion 41 00:01:52,440 --> 00:01:56,200 Speaker 3: upfront to license that experimental drug. That's that's a new 42 00:01:56,240 --> 00:01:59,400 Speaker 3: record for China licensing deals. And then on top of 43 00:01:59,400 --> 00:02:02,240 Speaker 3: that payment, they're also eligible for up to four point 44 00:02:02,280 --> 00:02:05,280 Speaker 3: eight billion in downstream fees if the drug hits all 45 00:02:05,280 --> 00:02:07,120 Speaker 3: these mileslones. So that's how you get the six billion 46 00:02:07,160 --> 00:02:09,400 Speaker 3: dollar figure. But it's not really just Fizer, I mean 47 00:02:09,520 --> 00:02:12,840 Speaker 3: other competition. They've really bet on China originated drugs that 48 00:02:12,919 --> 00:02:13,760 Speaker 3: kind of refill their. 49 00:02:13,680 --> 00:02:16,360 Speaker 4: Pipeline over the past year. So it's kind of a 50 00:02:16,440 --> 00:02:18,520 Speaker 4: growing trend that we're starting to see. 51 00:02:18,960 --> 00:02:21,639 Speaker 3: And United Health, remember is still really took a hit. 52 00:02:21,800 --> 00:02:24,880 Speaker 3: Still in the news because the shares are rebounding, right, 53 00:02:24,919 --> 00:02:26,519 Speaker 3: you know, they've been up as much as about two 54 00:02:26,520 --> 00:02:28,959 Speaker 3: and a half percent before the bell, but last week 55 00:02:29,120 --> 00:02:29,880 Speaker 3: really took a hit. 56 00:02:29,960 --> 00:02:30,880 Speaker 4: We've talked about that. 57 00:02:31,760 --> 00:02:34,760 Speaker 3: Yesterday you had SEC filing showing that it's newly appointed 58 00:02:34,800 --> 00:02:38,480 Speaker 3: CEO and CFO bought about thirty million dollars worth of 59 00:02:38,480 --> 00:02:39,520 Speaker 3: the sack two on top of it. 60 00:02:39,520 --> 00:02:43,440 Speaker 1: So the executives are stepping in. They are interesting. So 61 00:02:43,560 --> 00:02:46,600 Speaker 1: that is I gotta be quick here. I could do 62 00:02:46,639 --> 00:02:51,200 Speaker 1: that with a Bloomberg terminal description screen. How about thirteen 63 00:02:51,360 --> 00:02:55,079 Speaker 1: times earning. It's fine, It's it's like treating like international 64 00:02:55,120 --> 00:02:57,200 Speaker 1: paper twenty years ago. Exactly. Wow. 65 00:02:57,360 --> 00:03:01,840 Speaker 3: Next, okay, and last cryptocurrency exchange Coinbase there shares up 66 00:03:01,880 --> 00:03:04,760 Speaker 3: about one percent. But the reason it's in the news, okay, 67 00:03:04,840 --> 00:03:08,480 Speaker 3: the sourcers saying the Justice Departments opening up this investigation 68 00:03:08,760 --> 00:03:12,399 Speaker 3: into a recent breach at the company Coinbase had said 69 00:03:12,400 --> 00:03:15,440 Speaker 3: the hack that involved these criminals they were bribing employees 70 00:03:15,480 --> 00:03:18,239 Speaker 3: and contractors in India to get client data. 71 00:03:18,760 --> 00:03:20,960 Speaker 4: The Justice Barmadoade didn't. 72 00:03:20,560 --> 00:03:23,520 Speaker 3: Comment on this, but the Coinbase did say that you know, 73 00:03:23,639 --> 00:03:26,800 Speaker 3: the authorities, they did tell them about it. Coinbase they 74 00:03:26,800 --> 00:03:29,399 Speaker 3: say they're not under DOJ investigation. 75 00:03:30,760 --> 00:03:34,800 Speaker 2: The Stock Movers report from Bloomberg Radio. 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