WEBVTT - Boeing Takes Off, Intel Rallies; Daimler Slides

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market,

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<v Speaker 1>harnessing the power of Bloomberg Data.

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<v Speaker 2>Let's take a look at some stocks on the move today.

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<v Speaker 1>I'm Tom Keen with Paul Sweeney and Bloomberg's Lisa Matteo.

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<v Speaker 3>I think it's sad when we come to me when

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<v Speaker 3>we want to get seen. Yes, so let's take it.

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<v Speaker 3>I want to start with Boeing tick er Ba. Their

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<v Speaker 3>share has a been up more than three percent. There's

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<v Speaker 3>a couple of reasons behind it. So first is his

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<v Speaker 3>big news The Wall Street Journal reporting that the FAA

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<v Speaker 3>easing restrictions on the seven thirty seven Max deliveries. So basically,

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<v Speaker 3>they're set to get a little bit more leeway from

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<v Speaker 3>the agency to perform some final safety checks before they're delivered,

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<v Speaker 3>and that's going to make it easier for them to

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<v Speaker 3>get their aircraft to customers. And the journal is also

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<v Speaker 3>saying that Bowen's going to get permission to raise output

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<v Speaker 3>for the seven thirty seven.

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<v Speaker 2>Yeah it currently yeah, it's.

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<v Speaker 3>CAPTA thirty eight, So now they might raise that, which

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<v Speaker 3>is huge news for them. They're already getting the orders.

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<v Speaker 3>This is the other news. As many as two hundred

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<v Speaker 3>and twenty five aircraft from Turkish airlines, fifty of them

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<v Speaker 3>firm commitments. Norwegian air Samecistan in order out there a

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<v Speaker 3>couple days ago.

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<v Speaker 2>Let's not forget that one.

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<v Speaker 3>So the orders are starting to come in. You've been

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<v Speaker 3>talking about this ball like they're getting back in the

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<v Speaker 3>game again. All right, I want to take you to Intel,

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<v Speaker 3>tick er I NTC. Their shares up four percent. Then

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<v Speaker 3>we also have Global Foundaries. We're keeping an eye on GFS.

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<v Speaker 3>Their shares have been up more than nine percent. The

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<v Speaker 3>Wall Street Journal again reporting the Trump administration considering this

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<v Speaker 3>new plan that's going to reduce the US's reliance on

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<v Speaker 3>chips that are made overseas. How they're going to do this, Well,

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<v Speaker 3>it's kind of familiar to what he was saying, because

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<v Speaker 3>you've been hearing this, right. You know, if they you know,

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<v Speaker 3>build these centers in the US, they'll get, you know,

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<v Speaker 3>an exemption from certain things. Okay, So what this is

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<v Speaker 3>going to do. They're going to have the chip companies

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<v Speaker 3>manufacture the same number of chips in the US as

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<v Speaker 3>their customers import from producers overseas. So if they don't

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<v Speaker 3>maintain that one to one ratio, then they're going to

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<v Speaker 3>have to pay the tariff. So it's changing it a

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<v Speaker 3>little bit.

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<v Speaker 1>So into the weekend, do we assume by Monday morning

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<v Speaker 1>companies are going to be crowbarred into investment?

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<v Speaker 2>And intel? Is that basically what I mean? Well, I

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<v Speaker 2>think we already seen a little bit of it. But

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<v Speaker 2>I just said, I just think what we're seeing across

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<v Speaker 2>the border of this industrial policy, this tarft policy, is

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<v Speaker 2>bringing back as much as you can to the US,

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<v Speaker 2>and if you do that, then we'll be we'll give

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<v Speaker 2>you a break on the tariffs. And that seems to

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<v Speaker 2>be working at the moment.

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<v Speaker 3>Yeah, And we see it with pharmaceuticals, which is the

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<v Speaker 3>other point, Yeah, that we want to get you because

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<v Speaker 3>his threat to price that one hundred percent tariff on

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<v Speaker 3>patented drugs unless they invest in the US. Right, So

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<v Speaker 3>you look at Eli Lilly. Their shares have been up

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<v Speaker 3>one percent like Mirth. But then if you flip side,

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<v Speaker 3>you see European companies like Novo Nordis they're seeing a hit.

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<v Speaker 3>Their shares have been down as much as three percent.

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<v Speaker 3>So we have pharmaceuticals right, then you keep knocking tariffs

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<v Speaker 3>you go to trucks, imported heavy trucks subject to a

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<v Speaker 3>twenty five percent duty. This is starting on Wednesday, So

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<v Speaker 3>Diaimler Truck Holdings their shares have been down as much

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<v Speaker 3>as four percent in Frankfurt. And then though you look

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<v Speaker 3>on the flip side, you have shares of Sweden's Volvo

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<v Speaker 3>which makes Volvo and Mac trucks locally. Their shares rose

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<v Speaker 3>three percent in Stockholms' investment.

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<v Speaker 2>Different thing there.

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<v Speaker 3>They're not the heavy sho Okay, all right, they're not

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<v Speaker 3>They're not the heavy truck. And then you think of

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<v Speaker 3>appulsive furniture imports. They're going to be taxed at like

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<v Speaker 3>thirty percent, so wayfair shares they've been down as much

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<v Speaker 3>as three percent. You look at URH down as much

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<v Speaker 3>as four percent, william Sonoma even down more than two percent.

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<v Speaker 3>Add to that, kitchen cabinets, bathroom vanities, they're going to

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<v Speaker 3>be hit with a fifty percent charge. So tarff's really

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<v Speaker 3>really playing a big role.

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<v Speaker 1>In the stock mover's report from Bloomberg Radio. Check back

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