1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Mover's Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:17,160 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,360 --> 00:00:19,919 Speaker 1: I'm Tim Stenovek along with Carol Master. Let's take a 5 00:00:19,920 --> 00:00:22,239 Speaker 1: look at some stocks on the move today. We're joined 6 00:00:22,239 --> 00:00:27,000 Speaker 1: by Bloomberg News Cross asset reporter Tanizsa Sikova Denita. What's 7 00:00:27,000 --> 00:00:27,840 Speaker 1: on your mind today? 8 00:00:28,080 --> 00:00:31,040 Speaker 3: Let's talk about Airbnb, and it was actually a story 9 00:00:31,080 --> 00:00:36,320 Speaker 3: that came out late on Thursday about Spanish government ordering 10 00:00:36,320 --> 00:00:40,840 Speaker 3: the company to remove sixty six thousand listings. The stock 11 00:00:41,120 --> 00:00:44,360 Speaker 3: closed the day three percent lower. What were seeing is 12 00:00:44,360 --> 00:00:48,640 Speaker 3: that's obviously there is this trend of crackdown on touristrnos 13 00:00:48,680 --> 00:00:50,720 Speaker 3: and it's a lot of this. It's coming in European 14 00:00:50,800 --> 00:00:54,080 Speaker 3: towns that often have a housing problem in the first place, 15 00:00:54,160 --> 00:00:57,760 Speaker 3: that get really big jump in tourism. And that's definitely 16 00:00:57,760 --> 00:01:00,200 Speaker 3: been saying in the last two three years. There have 17 00:01:00,320 --> 00:01:01,840 Speaker 3: actually been a lot of protests, a lot of the 18 00:01:01,880 --> 00:01:05,280 Speaker 3: local people are angry with this. Wages haven't been rising 19 00:01:05,319 --> 00:01:09,360 Speaker 3: as fast as those rental prices have been rising as 20 00:01:09,360 --> 00:01:13,440 Speaker 3: more and more apartments have become have been becoming airbnbs. 21 00:01:13,560 --> 00:01:16,200 Speaker 3: So housing affordability has been a big issue and I 22 00:01:16,240 --> 00:01:19,840 Speaker 3: want to see European governments actually cracking on deals. And 23 00:01:19,880 --> 00:01:22,240 Speaker 3: it's coming at an interesting time. We talked about how 24 00:01:22,319 --> 00:01:27,560 Speaker 3: Airbnb launched this new overhaul apt where they're trying to 25 00:01:27,600 --> 00:01:30,800 Speaker 3: provide services. Of course, no shifts hair stylists, so they're 26 00:01:30,800 --> 00:01:36,120 Speaker 3: looking for new services they can provide two people. And 27 00:01:36,160 --> 00:01:38,480 Speaker 3: it's coming at a time where you know, their core 28 00:01:38,560 --> 00:01:40,440 Speaker 3: business is getting some limitations. 29 00:01:40,520 --> 00:01:43,560 Speaker 4: I mean, listen, right, the core of that business is 30 00:01:43,560 --> 00:01:46,600 Speaker 4: their rental and their listings. But you know, you kind 31 00:01:46,600 --> 00:01:49,640 Speaker 4: of stripped down a bunch and like if that expands 32 00:01:49,760 --> 00:01:53,400 Speaker 4: in other areas, other countries, that's been deal well. 33 00:01:53,440 --> 00:01:56,640 Speaker 1: I mean local governments can do whatever they want to 34 00:01:56,680 --> 00:01:59,480 Speaker 1: try to crack down on this New York City, Yes, 35 00:01:59,720 --> 00:02:04,080 Speaker 1: try too. I believe you can still find hairsbnb in 36 00:02:04,120 --> 00:02:05,800 Speaker 1: New York. I don't know for sure. I haven't looked, 37 00:02:05,800 --> 00:02:06,800 Speaker 1: but I think. 38 00:02:07,440 --> 00:02:09,880 Speaker 4: Even in our neighborhood, husband, like, I think that's an Airbnb. 39 00:02:09,960 --> 00:02:11,880 Speaker 4: Like we can just tell by like the traffic. It's 40 00:02:11,919 --> 00:02:13,760 Speaker 4: like because it's residential, but. 41 00:02:13,720 --> 00:02:16,520 Speaker 1: It's like and the concern, the concern that critics of 42 00:02:16,520 --> 00:02:18,360 Speaker 1: this system have or the critics of this model have 43 00:02:18,520 --> 00:02:23,040 Speaker 1: is that it removes from the inventory a piece of 44 00:02:23,120 --> 00:02:26,760 Speaker 1: property for some a citizen who lives in that area. 45 00:02:26,840 --> 00:02:29,040 Speaker 1: A hotel would also push back and say, you know, 46 00:02:29,080 --> 00:02:31,280 Speaker 1: the hotels have been big proponents of limiting and this 47 00:02:31,320 --> 00:02:34,320 Speaker 1: stuff too because their business gets affected as well. 48 00:02:34,360 --> 00:02:36,840 Speaker 4: That's a good one. I want to go to Maderna. 49 00:02:36,919 --> 00:02:38,280 Speaker 4: This is the number one gator in the S and 50 00:02:38,320 --> 00:02:39,280 Speaker 4: P five hundred today. 51 00:02:39,320 --> 00:02:43,040 Speaker 3: Yeah, what a volta week for vaccines. Even today, we 52 00:02:43,120 --> 00:02:46,280 Speaker 3: actually had the fd FDA outlining and approach on the 53 00:02:46,320 --> 00:02:49,520 Speaker 3: path forward, and we learned that US regulator will no 54 00:02:49,639 --> 00:02:53,200 Speaker 3: longer approve COVID booster shots for healthy adults and children 55 00:02:53,320 --> 00:02:56,119 Speaker 3: without new studies. But there is a sewer lining here 56 00:02:56,200 --> 00:02:59,680 Speaker 3: because the expectations were that the researcher will be way 57 00:02:59,680 --> 00:03:03,880 Speaker 3: bigger and though the stance would impose new limits on 58 00:03:03,960 --> 00:03:08,320 Speaker 3: efday approvals its software approach, the agency is continuing to 59 00:03:08,840 --> 00:03:11,440 Speaker 3: make sure it's available for high risk people. There are 60 00:03:11,440 --> 00:03:14,000 Speaker 3: two groups we're talking about adults over the age of 61 00:03:14,080 --> 00:03:20,120 Speaker 3: sixty five years and children below the age of six months. 62 00:03:20,280 --> 00:03:22,799 Speaker 3: So this kind of silver lining has been helping. We 63 00:03:22,880 --> 00:03:26,880 Speaker 3: had Novavax rallying yesterday as well on some good news 64 00:03:26,880 --> 00:03:30,440 Speaker 3: of vaccine approvals that said, those talks are down. Here 65 00:03:30,440 --> 00:03:32,880 Speaker 3: today there is a lot of Modern is down thirty 66 00:03:32,880 --> 00:03:36,080 Speaker 3: two percent and Novovacs is down about four percent. So 67 00:03:36,200 --> 00:03:39,280 Speaker 3: this is much really needed relief for Modern today. But 68 00:03:39,360 --> 00:03:42,200 Speaker 3: we're a long way from getting any games this year. 69 00:03:43,160 --> 00:03:46,160 Speaker 1: All right, this one's my favorite because. 70 00:03:46,320 --> 00:03:49,440 Speaker 3: I trust it for you, you really, I think I 71 00:03:49,520 --> 00:03:51,120 Speaker 3: really like it. But I was like, I think he'll 72 00:03:51,640 --> 00:03:53,120 Speaker 3: like it, all right, and we'll let you take it away. 73 00:03:53,520 --> 00:03:57,640 Speaker 3: Imur Sports jump nineteen percent today, the most ever. Obviously 74 00:03:57,640 --> 00:03:59,480 Speaker 3: this is a new company, but it's still incredible day. 75 00:03:59,680 --> 00:04:03,760 Speaker 3: This is maker of Wilson tennis rackets and Salmon's Ky boots. 76 00:04:03,880 --> 00:04:07,360 Speaker 3: I thought it was just a good U proxy of 77 00:04:07,480 --> 00:04:10,360 Speaker 3: how the consumer is doing. The record rally came as 78 00:04:10,360 --> 00:04:13,440 Speaker 3: the fromt boosted is adjusted profit forecast for full year 79 00:04:13,800 --> 00:04:18,080 Speaker 3: and imported first quarter results that top expectations. Forecast revenue 80 00:04:18,080 --> 00:04:21,440 Speaker 3: growth is fifteen to seventy percent. They're not too worried 81 00:04:21,440 --> 00:04:25,200 Speaker 3: about the TIFFs because the forecast assume the current thirty 82 00:04:25,200 --> 00:04:28,840 Speaker 3: percent tariff on Chinese goods, and they actually saw a 83 00:04:28,880 --> 00:04:32,560 Speaker 3: lot of growth in China forty three percent year over year. 84 00:04:32,800 --> 00:04:35,719 Speaker 3: We saw so many upgrades today from JP, Morgan, Baird, 85 00:04:36,760 --> 00:04:39,719 Speaker 3: Bank of America, so really a lot of optimism coming 86 00:04:39,760 --> 00:04:42,960 Speaker 3: on that stock. It's doing so well. Just an incredible day. 87 00:04:43,720 --> 00:04:45,359 Speaker 3: So I don't know, dam why do you love it 88 00:04:45,400 --> 00:04:45,760 Speaker 3: so much? 89 00:04:46,000 --> 00:04:51,520 Speaker 1: Well, Solomon's are range shoe the you know, I'm not endorsing. 90 00:04:52,000 --> 00:04:54,560 Speaker 1: I'm not endorsing a product here, but they're in a 91 00:04:54,600 --> 00:04:58,719 Speaker 1: space that is of interest to me. Wilson makes tennis rackets. 92 00:04:58,760 --> 00:05:00,920 Speaker 1: I grew up playing tennis pl college tennis and that 93 00:05:01,000 --> 00:05:03,720 Speaker 1: when Wilson was my racket. And then they do a 94 00:05:03,720 --> 00:05:06,320 Speaker 1: lot with the ski industry too, and then also Mountain 95 00:05:06,320 --> 00:05:09,279 Speaker 1: Apparel with Arctics. It's a really interesting model, like the 96 00:05:09,360 --> 00:05:11,800 Speaker 1: umbrella of brands that they have, and it's a company 97 00:05:11,839 --> 00:05:13,560 Speaker 1: that IPO not too long ago. 98 00:05:13,880 --> 00:05:17,839 Speaker 3: I'm doing well, this so well in a very tough market. 99 00:05:17,960 --> 00:05:22,599 Speaker 4: I know, higher today, I mean yeah today, this year, 100 00:05:22,680 --> 00:05:23,200 Speaker 4: this year. 101 00:05:23,120 --> 00:05:25,880 Speaker 3: High exposure to China consumers. It's a big thing. I'm 102 00:05:25,920 --> 00:05:28,480 Speaker 3: a snowboarder person, so I don't know too much about them, 103 00:05:28,480 --> 00:05:29,320 Speaker 3: but they're been great. 104 00:05:29,320 --> 00:05:31,279 Speaker 1: Hey, I'm sure, I'm sure some of those companies that 105 00:05:31,320 --> 00:05:32,000 Speaker 1: make skis do. 106 00:05:32,040 --> 00:05:34,279 Speaker 4: Snowboards been all over this all day today. 107 00:05:34,320 --> 00:05:36,160 Speaker 1: I mean, it is like getting to be, you know, 108 00:05:36,320 --> 00:05:38,320 Speaker 1: the kickoff of summer and we're talking about skiing. But 109 00:05:38,320 --> 00:05:39,480 Speaker 1: that's okay, Yeah, it's okay. 110 00:05:39,480 --> 00:05:41,480 Speaker 4: It's too Is it ever too early? 111 00:05:41,680 --> 00:05:46,119 Speaker 1: No, especially nowadays because these companies want you to actually 112 00:05:46,160 --> 00:05:47,680 Speaker 1: buy your lift tickets ahead of time. 113 00:05:49,400 --> 00:05:53,400 Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with 114 00:05:53,520 --> 00:05:56,080 Speaker 2: us throughout the day for the latest roundup of companies 115 00:05:56,160 --> 00:05:59,240 Speaker 2: making news on Wall Street and for the latest market 116 00:05:59,279 --> 00:06:03,760 Speaker 2: moving headline. Listen to Bloomberg Radio Live, catch us on YouTube, 117 00:06:03,839 --> 00:06:07,320 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 118 00:06:07,400 --> 00:06:08,880 Speaker 2: the Bloomberg Business app.