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 --> 00:00:16,480 Speaker 1: harnessing the power of Bloomberg data. 4 00:00:17,640 --> 00:00:20,400 Speaker 2: Stock Movers assigned to look at stocks on the move today. 5 00:00:20,640 --> 00:00:24,560 Speaker 2: It's a podcast. Lisa Mateo joins us here, what do 6 00:00:24,600 --> 00:00:25,520 Speaker 2: you start with today? 7 00:00:25,560 --> 00:00:27,400 Speaker 3: Okay? I want to start with the largest US based 8 00:00:27,400 --> 00:00:31,800 Speaker 3: stable coin issuer. We're talking about Circle ticker CrCL. I 9 00:00:31,840 --> 00:00:35,400 Speaker 3: know stable coins, you love it, Tom. They recently went public. 10 00:00:35,560 --> 00:00:37,640 Speaker 3: The shares have been up as much as two percent. 11 00:00:38,040 --> 00:00:41,000 Speaker 3: The reason why will the Senate passed the Genius Act, 12 00:00:41,040 --> 00:00:44,120 Speaker 3: and that is actually a bill to regulate the cryptocurrency. 13 00:00:44,440 --> 00:00:46,680 Speaker 3: It's the first of US kind to put federal guardrails 14 00:00:46,720 --> 00:00:49,960 Speaker 3: on digital currency. So this is pretty big. Circle pushed 15 00:00:50,000 --> 00:00:53,400 Speaker 3: for the guidelines because they wanted to legitimize the industry. 16 00:00:53,479 --> 00:00:55,640 Speaker 3: Supporters are saying, if you don't do anything and have 17 00:00:55,680 --> 00:00:58,640 Speaker 3: any regulations, then they're going to push the industry offshore, 18 00:00:58,680 --> 00:01:01,560 Speaker 3: and they want it to be American lad So that's 19 00:01:01,560 --> 00:01:02,640 Speaker 3: why it's a good idea. 20 00:01:02,680 --> 00:01:05,319 Speaker 2: This was an IPO from June fourth, at thirty one 21 00:01:05,360 --> 00:01:07,440 Speaker 2: dollars a share. Stocks one hundred and forty nine bucks 22 00:01:07,480 --> 00:01:09,480 Speaker 2: one hundred and fifty three dollars right here. I mean 23 00:01:09,520 --> 00:01:10,160 Speaker 2: just unbelievable. 24 00:01:10,200 --> 00:01:10,680 Speaker 1: What a move. 25 00:01:11,080 --> 00:01:12,840 Speaker 3: That is a move. I mean, the market's big. It's 26 00:01:13,200 --> 00:01:16,280 Speaker 3: roughly two hundred and forty billion dollar market expected to surge. 27 00:01:16,280 --> 00:01:19,560 Speaker 3: You have companies like Visa, MasterCard, Amazon, Walmart starting to 28 00:01:19,560 --> 00:01:22,080 Speaker 3: get into it as well, so it's only going to 29 00:01:22,120 --> 00:01:22,680 Speaker 3: grow from here. 30 00:01:22,840 --> 00:01:25,120 Speaker 2: I have a surveillance quirk and Mam, I know you 31 00:01:25,280 --> 00:01:26,280 Speaker 2: did watching. 32 00:01:26,959 --> 00:01:30,040 Speaker 3: Next to watching, I want to go to air Bus. 33 00:01:30,080 --> 00:01:32,880 Speaker 3: Their shares have been up as much as three percent 34 00:01:33,000 --> 00:01:35,679 Speaker 3: in Europe. They said they would raise their dividends coming years. 35 00:01:35,680 --> 00:01:38,120 Speaker 3: They're betting that strong demand for its planes are going 36 00:01:38,160 --> 00:01:42,000 Speaker 3: to continue. It back to its annual delivery financial targets, 37 00:01:42,080 --> 00:01:45,520 Speaker 3: which did not actually include any effects from tariffs. But 38 00:01:45,600 --> 00:01:48,080 Speaker 3: they spoke a lot during the Parish air show, a 39 00:01:48,080 --> 00:01:50,800 Speaker 3: lot of order from there, including places like Saudi Arabian 40 00:01:50,800 --> 00:01:53,760 Speaker 3: customers and also a major purchase from Poland. So they're 41 00:01:53,800 --> 00:01:58,320 Speaker 3: saying demand is going to continue. Where demand might not continue, 42 00:01:58,360 --> 00:02:02,440 Speaker 3: we'll see would be Peloton pt O. N IT shares 43 00:02:02,440 --> 00:02:04,480 Speaker 3: are actually on the men because yesterday it fell about 44 00:02:04,480 --> 00:02:07,840 Speaker 3: eleven percent, now they're up about one percent. The reason 45 00:02:07,880 --> 00:02:10,120 Speaker 3: why they took a hit yesterday is because there's news 46 00:02:10,120 --> 00:02:13,040 Speaker 3: that the Senate bill it took out this provision that 47 00:02:13,120 --> 00:02:16,320 Speaker 3: allowed for people to use their health savings accounts for 48 00:02:16,440 --> 00:02:20,639 Speaker 3: certain fitness activities like Gymber membership buy a Peloton, to 49 00:02:20,760 --> 00:02:25,600 Speaker 3: buy a pelat No seriously, yes, no. 50 00:02:25,480 --> 00:02:29,480 Speaker 2: I cannot. They missed that. I missed that. Four of 51 00:02:29,520 --> 00:02:30,760 Speaker 2: them all over the place. 52 00:02:31,240 --> 00:02:33,239 Speaker 3: Yeah, and so they were even they were Peloton was 53 00:02:33,280 --> 00:02:35,200 Speaker 3: kind of counting on it. They had this company Truman, 54 00:02:35,280 --> 00:02:37,320 Speaker 3: They had a partner which ship with them. They said, 55 00:02:37,320 --> 00:02:39,440 Speaker 3: it's going to make it easier for customers to use 56 00:02:39,480 --> 00:02:41,760 Speaker 3: the H S A, F S A dollars to purchase 57 00:02:41,840 --> 00:02:42,400 Speaker 3: the Peloton. 58 00:02:42,720 --> 00:02:45,640 Speaker 2: An executive in the control room, an executive just walked in. 59 00:02:45,880 --> 00:02:47,880 Speaker 1: Okay, does call of the twins? 60 00:02:47,919 --> 00:02:52,440 Speaker 2: Does he use Peloton? Can we get it? 61 00:02:55,280 --> 00:03:02,480 Speaker 1: Okay Colin Tom No, yes, exactly one more okay. 62 00:03:02,600 --> 00:03:06,000 Speaker 3: Amazon. They're in the headlines because of comments from the CEO, 63 00:03:06,080 --> 00:03:08,480 Speaker 3: Andy Jasse Right. So he sent an email to workers 64 00:03:08,480 --> 00:03:11,280 Speaker 3: and he talked about the company's workforce and AI and 65 00:03:11,320 --> 00:03:14,200 Speaker 3: he says their workforce could fall in the next few 66 00:03:14,280 --> 00:03:16,960 Speaker 3: years because AI is going to do more of the 67 00:03:17,000 --> 00:03:20,160 Speaker 3: tasks that people used to do. He pointed to Amazon's 68 00:03:20,160 --> 00:03:23,480 Speaker 3: corporate workforce. Just want to point that out. But you 69 00:03:23,600 --> 00:03:25,400 Speaker 3: see a lot of these changes going on. I mean, 70 00:03:25,440 --> 00:03:28,320 Speaker 3: Shopify told employees that request for new hires are going 71 00:03:28,400 --> 00:03:31,520 Speaker 3: to require an explanation as to why AI can't do 72 00:03:31,600 --> 00:03:35,200 Speaker 3: that job. Dou Lingo said they would stop using contractors 73 00:03:35,240 --> 00:03:38,120 Speaker 3: to do the work that AI could do. So is 74 00:03:38,160 --> 00:03:40,320 Speaker 3: this like a sign of what's happening? 75 00:03:40,480 --> 00:03:41,520 Speaker 2: Is this like a panic? 76 00:03:42,200 --> 00:03:42,480 Speaker 1: No? 77 00:03:43,000 --> 00:03:45,000 Speaker 2: I think it's I think managements are trying to figure 78 00:03:45,000 --> 00:03:49,360 Speaker 2: out how this technology, how they can utilize this technology, 79 00:03:49,360 --> 00:03:51,640 Speaker 2: and they're all just trying to figure out in my opinion. 80 00:03:51,720 --> 00:03:54,640 Speaker 2: So and if you're in a business that uses a 81 00:03:54,680 --> 00:03:57,400 Speaker 2: lot of people like retail, is there something that can 82 00:03:57,440 --> 00:03:59,600 Speaker 2: be automated, I don't know. They're trying to figure it out. 83 00:03:59,600 --> 00:04:01,480 Speaker 3: I think yeah, Or have more of those people do 84 00:04:01,880 --> 00:04:03,600 Speaker 3: other kinds of jobs. And that's what he was talking 85 00:04:03,600 --> 00:04:06,600 Speaker 3: about too. You know how about that. It's it's been 86 00:04:06,760 --> 00:04:09,600 Speaker 3: it's a big discussion how AI is going to find. 87 00:04:09,520 --> 00:04:12,280 Speaker 2: A lot people are saying this is the number one 88 00:04:12,400 --> 00:04:14,040 Speaker 2: issues for them. 89 00:04:14,200 --> 00:04:19,599 Speaker 1: Is the Stock Movers podcast from Bloomberg Radio. Check back 90 00:04:19,600 --> 00:04:22,000 Speaker 1: with us throughout the day for the latest roundup of 91 00:04:22,080 --> 00:04:25,240 Speaker 1: companies making news on Wall Street, and for the latest 92 00:04:25,320 --> 00:04:29,480 Speaker 1: market moving headlines, listen to Bloomberg Radio Live. Catch us 93 00:04:29,480 --> 00:04:32,880 Speaker 1: on YouTube, Bloomberg dot com, and on Applecarplay and Android 94 00:04:32,880 --> 00:04:34,880 Speaker 1: Auto with the Bloomberg Business App.