Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some of the stocks on
Speaker 3: the move here, with the S and P five hundred
Speaker 3: ending its recent slide just a little bit of a slide,
Speaker 3: and bring in Bloomberg's Alexandra Semenova with our market drivers.
Speaker 1: Alexandra, Hey, guys, good morning. I've been watching shares of
Speaker 1: Oracle really closely as we get more updates on this
Speaker 1: closely watched TikTok deal with the US, in which it
Speaker 1: is supposed to be among a consortium of investors buying
Speaker 1: the company. The Trump administration said today that they expect
Speaker 1: evaluation of about fourteen billion dollars. That's actually well below
Speaker 1: what the expectations were, kind of disappointing investors. Investors say
Speaker 1: that a deal at that price would be a bargain
Speaker 1: for buyers, including Oracle and partner Silver Lake Management, And accordingly,
Speaker 1: the stock is down a little bit this morning, though
Speaker 1: I do have to say it has had a fantastic
Speaker 1: run this year. Obviously, we got that blowout earnings report
Speaker 1: where they really wowed investors with their guidance and then
Speaker 1: also of course this involvement with TikTok. The stock is
Speaker 1: up about seventy four percent this year.
Speaker 2: Okay, what else you got for us?
Speaker 1: Here? Also taking a look at shares of furniture retailers
Speaker 1: which are taking a hit right now. After President Trump
Speaker 1: announced that the US will enact new tariffs specifically on
Speaker 1: imported kitchen cabinets, on bathroom vanities, and other home products
Speaker 1: next week. Our H is seeing its stock fall this morning,
Speaker 1: I see it down about two point two percent. Wayfair,
Speaker 1: another furniture retailer also dropped. Our H is one of
Speaker 1: the companies that's really been taking a hit from tariffs.
Speaker 1: At CEO has been a critic of Trump's trade policy.
Speaker 1: It's had a really rough year basically. In a social
Speaker 1: media post on Thursday night, Trump said that these kinds
Speaker 1: of imported products have been flooding into the US. He
Speaker 1: said that a fifty percent tariff would go on cabinets,
Speaker 1: van vanities, and associated products.
Speaker 3: Yeah, you wonder if that's just kind of the initial shot,
Speaker 3: and of course everything's going to come down. I think
Speaker 3: it's walked back, and we saw that on a pharmaceuticals.
Speaker 3: If you have come, you have her thinking about building
Speaker 3: a plan here, you can be exempt, right, And so
Speaker 3: many companies are saying they've done just that. All right,
Speaker 3: let's talk about Boeing, which has been in the news
Speaker 3: this week.
Speaker 1: Yeah, it is a bright spot today. The stock is
Speaker 1: up about four point one percent right now. The Federal
Speaker 1: Aviation Administration said that it will give it more leeway
Speaker 1: to perform some safety checks on its notorious seven thirty
Speaker 1: seven Max plane prior to delivery. Obviously they've struggled with
Speaker 1: safety issues after multiple crashes with that plane. The FAA
Speaker 1: will delegate more of its routine expection inspections to the
Speaker 1: plane maker, and they also ask for permission for more
Speaker 1: output on this plane. It's currently capped at about thirty
Speaker 1: eight a month, and they want to see it move
Speaker 1: to a rate of forty two by the end of
Speaker 1: this year.
Speaker 2: Investors are very happy with the SAMs the Stock Movers
Speaker 2: report from Bloomberg Radio. Check back with us throughout the
Speaker 2: day for the latest roundup of companies making news on
Speaker 2: Wall Street and for the latest market moving headlines. Listen
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