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Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers podcast

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Speaker 1: your roundup of companies making moves in the stock market,

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Speaker 1: harnessing the power of Bloomberg Data.

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Speaker 2: Stock Movers is a quick quick look at the individual's

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Speaker 2: securities moving the market. Look for that on Apple, Spotify, YouTube,

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Speaker 2: and the rest of the podcast world. Lisa Mateo with

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Speaker 2: the Monday Stock Movers.

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Speaker 3: Okay, I want to start with Tesla. Take her to.

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Speaker 3: Sla shares have been down more than seven percent before

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Speaker 3: the bell. The reason why, well, guess more comments from

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Speaker 3: Elon Musk his feud with President Trump, this time around

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Speaker 3: Elon mus saying he's formed this new political party. Said

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Speaker 3: it's going to take on Democrats and Republicans. It's called

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Speaker 3: the America Party. So what he said is that he's

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Speaker 3: going to focus the next twelve months on House and

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Speaker 3: Senate seats. After that, he said he's backing a candidate

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Speaker 3: for president is not out of the question for him.

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Speaker 3: So anols are saying, you know what, investors are just

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Speaker 3: tired of this distraction. They're saying, it's also opposite of

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Speaker 3: what he told in Tesla investors during the company's last earning,

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Speaker 3: is that he's going to allocate more time to the company.

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Speaker 3: So now this is maybe not going to.

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Speaker 2: Happen fifty eight, there's sixty one cell side coverage. Every

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Speaker 2: single one of those people is like Elon.

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Speaker 4: Yep, just run the company, yep, right, yep. And we said,

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Speaker 4: We've had Dan Ives in here saying the exact same thing.

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Speaker 4: Just focus on a company. And it's got to be

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Speaker 4: a frustrated, but that's part of owning Tesla you have

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Speaker 4: to deal with I had no idea.

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Speaker 2: One hundred and twenty five thousand employees. Yeah, I had

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Speaker 2: no idea. Is that big pe is in the vicinity

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Speaker 2: of one hundred and sixty I don't know what that means. Nope,

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Speaker 2: I mean, Paul to the numbers I just never.

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Speaker 4: Have added up. So it's it's the Elon premium. It's

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Speaker 4: the premium on future growth, which has yet to be defined.

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Speaker 4: Before that was you know electric cars. Now it's a

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Speaker 4: fine twice or four hundred yep.

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Speaker 2: And it's a two ninety five right now.

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Speaker 3: Yeah, and the shares of a decline twenty two percent

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Speaker 3: this year, So it's that's been doing that well. Okay, thanks, Okay.

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Speaker 3: I want to go to President Trump's te tax and

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Speaker 3: spending bill right it was approved, it's going to add

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Speaker 3: billions of dollars for immigrants attention centers. Now, because of that,

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Speaker 3: you have shares of the two largest detention contracts really rallying.

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Speaker 3: Core Civic Tacker crwv IT shares have been up as

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Speaker 3: much as five percent. That's for cour Civic. Now we

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Speaker 3: go to Geogroup, their taker GEO, their shares have been

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Speaker 3: up more than seven percent. So we had the Trump

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Speaker 3: administration expanding this capacity thousands of beds through agreements with

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Speaker 3: local jails, private contractors across the country. And there's actually

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Speaker 3: some new government figures that are showing about sixty additional local, state,

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Speaker 3: federal jails. Prisons have begun holding newly arrested migrants facing

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Speaker 3: deportation since his inauguration.

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Speaker 2: These are private jails both.

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Speaker 3: But these specifically Corcivic, Geogroup, they are private, private general.

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Speaker 2: I think there's good detention centers.

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Speaker 3: Yeah, yeah, before yeah, so now they're shares yeah, rally

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Speaker 3: it is because of the spending bill. You don't improve that, yes,

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Speaker 3: and I want to do so a few quick upgrades

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Speaker 3: and down grades. We'll start with Stilantis their US listed

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Speaker 3: sales take our STLA down four percent. Yes, JEEP Bank

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Speaker 3: of America cut them to neutral from by they produced

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Speaker 3: this very weak first half report on July twenty ninth.

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Speaker 3: And then you have MGM. That's ticker MGM, yes, slipping

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Speaker 3: nearly two percent Goldmen Sachs anctionated coverage of with recommendation

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Speaker 3: to sell due to a volatile Las Vegas market. So

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Speaker 3: they're saying Las Vegas, maybe Las Vegas, but Las Vegas

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Speaker 3: in general. So MGM love it, lighting you do.

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Speaker 1: Log the Stock Movers podcast from Bloomberg Radio. Check back

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Speaker 1: with us throughout the day for the latest roundup of

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Speaker 1: companies making news on Wall Street and for the latest

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