Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,
Speaker 1: your roundup of companies making moves in the stock market,
Speaker 1: harnessing the power of Bloomberg Data.
Speaker 2: Let's take a look at some stocks on the move today.
Speaker 1: I'm Tom Keen with Paul Sweeney and Bloomberg's Lisa Matteo.
Speaker 3: I think it's sad when we come to me when
Speaker 3: we want to get seen. Yes, so let's take it.
Speaker 3: I want to start with Boeing tick er Ba. Their
Speaker 3: share has a been up more than three percent. There's
Speaker 3: a couple of reasons behind it. So first is his
Speaker 3: big news The Wall Street Journal reporting that the FAA
Speaker 3: easing restrictions on the seven thirty seven Max deliveries. So basically,
Speaker 3: they're set to get a little bit more leeway from
Speaker 3: the agency to perform some final safety checks before they're delivered,
Speaker 3: and that's going to make it easier for them to
Speaker 3: get their aircraft to customers. And the journal is also
Speaker 3: saying that Bowen's going to get permission to raise output
Speaker 3: for the seven thirty seven.
Speaker 2: Yeah it currently yeah, it's.
Speaker 3: CAPTA thirty eight, So now they might raise that, which
Speaker 3: is huge news for them. They're already getting the orders.
Speaker 3: This is the other news. As many as two hundred
Speaker 3: and twenty five aircraft from Turkish airlines, fifty of them
Speaker 3: firm commitments. Norwegian air Samecistan in order out there a
Speaker 3: couple days ago.
Speaker 2: Let's not forget that one.
Speaker 3: So the orders are starting to come in. You've been
Speaker 3: talking about this ball like they're getting back in the
Speaker 3: game again. All right, I want to take you to Intel,
Speaker 3: tick er I NTC. Their shares up four percent. Then
Speaker 3: we also have Global Foundaries. We're keeping an eye on GFS.
Speaker 3: Their shares have been up more than nine percent. The
Speaker 3: Wall Street Journal again reporting the Trump administration considering this
Speaker 3: new plan that's going to reduce the US's reliance on
Speaker 3: chips that are made overseas. How they're going to do this, Well,
Speaker 3: it's kind of familiar to what he was saying, because
Speaker 3: you've been hearing this, right. You know, if they you know,
Speaker 3: build these centers in the US, they'll get, you know,
Speaker 3: an exemption from certain things. Okay, So what this is
Speaker 3: going to do. They're going to have the chip companies
Speaker 3: manufacture the same number of chips in the US as
Speaker 3: their customers import from producers overseas. So if they don't
Speaker 3: maintain that one to one ratio, then they're going to
Speaker 3: have to pay the tariff. So it's changing it a
Speaker 3: little bit.
Speaker 1: So into the weekend, do we assume by Monday morning
Speaker 1: companies are going to be crowbarred into investment?
Speaker 2: And intel? Is that basically what I mean? Well, I
Speaker 2: think we already seen a little bit of it. But
Speaker 2: I just said, I just think what we're seeing across
Speaker 2: the border of this industrial policy, this tarft policy, is
Speaker 2: bringing back as much as you can to the US,
Speaker 2: and if you do that, then we'll be we'll give
Speaker 2: you a break on the tariffs. And that seems to
Speaker 2: be working at the moment.
Speaker 3: Yeah, And we see it with pharmaceuticals, which is the
Speaker 3: other point, Yeah, that we want to get you because
Speaker 3: his threat to price that one hundred percent tariff on
Speaker 3: patented drugs unless they invest in the US. Right, So
Speaker 3: you look at Eli Lilly. Their shares have been up
Speaker 3: one percent like Mirth. But then if you flip side,
Speaker 3: you see European companies like Novo Nordis they're seeing a hit.
Speaker 3: Their shares have been down as much as three percent.
Speaker 3: So we have pharmaceuticals right, then you keep knocking tariffs
Speaker 3: you go to trucks, imported heavy trucks subject to a
Speaker 3: twenty five percent duty. This is starting on Wednesday, So
Speaker 3: Diaimler Truck Holdings their shares have been down as much
Speaker 3: as four percent in Frankfurt. And then though you look
Speaker 3: on the flip side, you have shares of Sweden's Volvo
Speaker 3: which makes Volvo and Mac trucks locally. Their shares rose
Speaker 3: three percent in Stockholms' investment.
Speaker 2: Different thing there.
Speaker 3: They're not the heavy sho Okay, all right, they're not
Speaker 3: They're not the heavy truck. And then you think of
Speaker 3: appulsive furniture imports. They're going to be taxed at like
Speaker 3: thirty percent, so wayfair shares they've been down as much
Speaker 3: as three percent. You look at URH down as much
Speaker 3: as four percent, william Sonoma even down more than two percent.
Speaker 3: Add to that, kitchen cabinets, bathroom vanities, they're going to
Speaker 3: be hit with a fifty percent charge. So tarff's really
Speaker 3: really playing a big role.
Speaker 1: In the stock mover's report from Bloomberg Radio. Check back
Speaker 1: with us throughout the day for the latest roundup of
Speaker 1: companies making news on Wall Street and for the latest
Speaker 1: market moving headlines. Listen to Bloomberg Radio Live. Catch us
Speaker 1: on YouTube, Bloomberg dot Come, and on Apple CarPlay and
Speaker 1: Android Auto with the Bloomberg Business app. Mm HM