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Speaker 1: Bloomberg Audio Studios, podcasts, radio News.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market. Harnessing the power of Bloomberg Data.

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Speaker 3: Let's take a look at some stocks on the move today.

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Speaker 3: We're joined by Bloomberg News Equities reporter Alex Semenova. Alex,

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Speaker 3: we thought the stock would be moving higher.

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Speaker 4: Yeah, so it is kind of a dull day in

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Speaker 4: markets today, kind of lackluster cheer. But we always can

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Speaker 4: count on Tesla to give us something to talk about.

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Speaker 4: The company reported a surprise record quarter of vehicle sales

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Speaker 4: as US consumers picked up their electric car purchases before

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Speaker 4: some of their federal tax credits expired. The company delivered

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Speaker 4: four hundred and ninety seven thousand and ninety nine vehicles worldwide.

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Speaker 4: This is seven point four percent more than a year ago,

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Speaker 4: with the Model YSUV and the Model three sedan combined

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Speaker 4: sales rising nine point four percent line quarter. People had

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Speaker 4: rushed to take advantage of this seven five hundred dollars

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Speaker 4: tax credit. Still, the stock is falling today, say it

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Speaker 4: down now about four percent. Investors still have major questions

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Speaker 4: regarding the earnings impact of legislative changes choking off some

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Speaker 4: of the regulatory stimulus that was helping Tesla a lot.

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Speaker 4: And also Wall Street is still expecting that Tesla will

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Speaker 4: log its second consecutive vehicle sales decline.

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Speaker 1: Yeah, just watching this one, I mean, we're we're.

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Speaker 3: I was like, Carol, it will be a gainer for you.

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Speaker 3: And all Derivian is the decliner.

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Speaker 1: And no seven percent swing from top to bottom today exactly.

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Speaker 4: We also have to point out CFRA highlights this is

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Speaker 4: that the risk reward right now is unfavorable given the

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Speaker 4: fact that it's rallied about one hundred percents ince April.

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Speaker 4: So some of the expectations are perhaps a little bit

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Speaker 4: too unrealistic.

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Speaker 1: All right, So two names we don't often talk about,

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Speaker 1: look at, or think about unless we're like looking for

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Speaker 1: to get alone or something, or check our credit history.

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Speaker 1: Talk to us about what's going on when it comes

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Speaker 1: to kind of the consumer credits.

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Speaker 4: Made this a really interesting story today. Faara Isaac Corporation

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Speaker 4: better known as FICO, will now sell credit scores directly

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Speaker 4: to mortgage resellers. That is, sending shares of some of

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Speaker 4: those third party credit bureaus tumbling today. TransUnion, Equifax each

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Speaker 4: dropped as much as twelve percent today. FCO shares, on

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Speaker 4: the other hands, are surging to the biggest intro day

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Speaker 4: gain on record. Analyst Needham said that they expect this

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Speaker 4: to be significantly beneficial for FCO while also keeping costs

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Speaker 4: stable both for home buyers and mortgage originators. So pretty

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Speaker 4: positive on the consumer front. Cutting out the middleman.

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Speaker 1: He just sends a little bored today. Yeah, you know you,

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Speaker 1: you know, you're always incredible, but you send a little board,

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Speaker 1: thank you.

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Speaker 3: Okay, Okay, Well let's try to let's try to maybe

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Speaker 3: spice things up a little bit. Well, we'll go to

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Speaker 3: a little place, Omaha, Nebraska is where we find a

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Speaker 3: small startup named Berkshire Hathaway.

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Speaker 2: Yeah.

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Speaker 4: So it reached a deal today to buy Occidental Petroleum's

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Speaker 4: petrochemical business at nine point seven billion dollars in cash.

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Speaker 4: The deal is the latest evidence that Warren Buffett's firm

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Speaker 4: is once again back on the hunt after years of

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Speaker 4: refraining from any kind of large takeovers and progressively unwinding

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Speaker 4: large holdings like it did with Apple. The transaction is

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Speaker 4: expected to close in the fourth quarter. Occidental is about

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Speaker 4: twenty seven percent own by Berkshire already and the company

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Speaker 4: actually said that they are done with deals, so perhaps

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Speaker 4: kind of the last hurrah here Forkyle.

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Speaker 1: You know, I guess they're worried about their cash position,

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Speaker 1: perhaps six hundred fifty two billion dollars and that's as

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Speaker 1: of the end of June, so that might not.

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Speaker 4: Even be a lot of money spent.

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Speaker 1: Yeah, well, a lot of money on yeah, the balance

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Speaker 1: sheet to spend.

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Speaker 3: But another mover related to this as occidental. It's the

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Speaker 3: second worst performer in the S and P five hundred.

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Speaker 3: It's down seven percent on this.

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Speaker 4: Yeah, looks that is having a bit of a rough

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Speaker 4: day in response to the news today.

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Speaker 3: Yeah, it's surprising to see a move like that, especially

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Speaker 3: when this was kind of telegraphed earlier this week. So

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Speaker 3: but you know what, sometimes when the news hits, the

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Speaker 3: stock still moves. Yeah, exactly when it becomes official.

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Speaker 1: I hope you're not man, Did I say that?

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Speaker 4: Oh no, not all. I mean, it's just a kind

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Speaker 4: of heiry day. I did preface by saying that it

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Speaker 4: is kind of adult in market. So second day of

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Speaker 4: a government shown not the most eventful. Stocks weren't necessarily

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Speaker 4: talking about today.

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Speaker 2: The stock movers report from Bloomberg Radio Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street, and for the latest market

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Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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