Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers podcast, your roundup of companies making moves in
Speaker 2: the stock market. Harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some stocks on the move today.
Speaker 3: We are joined by Bloomberg's Valerie Titel. Valerie, Good morning.
Speaker 3: So much of the focus for the market today is
Speaker 3: on US China relations. That could be the same for
Speaker 3: Nvidia based on the latest headlines.
Speaker 1: Good morning, Yeah, Good morning, Nathan, Happy Monday. Navidia is
Speaker 1: starting off the week in the red, down one point
Speaker 1: four percent in the pre market. This came after reports
Speaker 1: that it's Chinese competitor, Huawei is making up some ground
Speaker 1: in the AI race. Huawei is reportedly preparing to test
Speaker 1: a new AI chip that it hopes can replace some
Speaker 1: of those products replaced by Navidia. This comes from the
Speaker 1: Wall Street Journal reporting that Huawei has approached some Chinese
Speaker 1: tech companies about testing the new chip. The new processor
Speaker 1: would put China's capabilities around two generations behind Navidia's new
Speaker 1: black Well chips, so that news is catching up with Navidia.
Speaker 1: Those shares are down one point four percent in pre market.
Speaker 3: Yeah. One of the biggest volume movers in early trading
Speaker 3: along with Tesla. Different story there.
Speaker 1: Though different sorry here. Tesla on the upside, leaving the
Speaker 1: gains for the mag seven. Tesla rising one point three
Speaker 1: percent in pre market, rising again after its best week
Speaker 1: of the year last week and over the weekend. Tesla
Speaker 1: was reported to raise prices in Canada and encourage buyers
Speaker 1: to snap up evs imported before the counter terriffs were
Speaker 1: imposed on US made vehicles, so they said in an
Speaker 1: ad campaign to get your pre tariff priced inventory wall
Speaker 1: supplies last. Seems like the market seems to enjoy that.
Speaker 1: Tesla shares up one point three percent.
Speaker 3: And we got a little bit of a merger news
Speaker 3: call it a merger Monday, I guess with Merk and
Speaker 3: spring Works Therapeutics.
Speaker 1: In folks, Yes, yeah, m and a Monday. Germany's marked
Speaker 1: by US biotech firms spring Work Therapeutics for around four
Speaker 1: billion dollars, funded with cash and debt. We're seeing the
Speaker 1: spring Works share rise nearly three and a half percent
Speaker 1: in pre market trade so far this morning. This goes
Speaker 1: back after Germany's Merk has been busy putting its COVID
Speaker 1: cash hall to work with the latest purchase, and the
Speaker 1: acquisition is expected to boost Merk's healthcare division when that
Speaker 1: deal closes. That's the m and A of the day,
Speaker 1: spring Works Therapeutics of three and a half percent.
Speaker 3: Of course, that's going to be a really busy earnings week,
Speaker 3: a lot of the focus on tech. But this morning
Speaker 3: we heard from a pizza delivery chain just in time
Speaker 3: for breakfast.
Speaker 1: Exactly Domino's Pizza falling after earnings down three percent in
Speaker 1: the pre market. It had some mixed results. Sales did misestimates,
Speaker 1: the fast food change, did not provide an outlook for
Speaker 1: twenty twenty five. Their international sales did okay, but it
Speaker 1: seems like a lot of attention on their US same
Speaker 1: store sales declining by half a percent. So that's Domino's
Speaker 1: on a backfoot, selling three percent in pre market.
Speaker 3: Adding on to the lack of a guidance bandwagon here,
Speaker 3: what's going on with Boeing? Those shares are hire this morning.
Speaker 1: Hire in pre market Boeing rising one point six percent.
Speaker 1: It was upgraded by Bernstein citing growth potential on the horizon.
Speaker 1: There also was some other activity going on with Airbus
Speaker 1: taking over some of its assets from Spirit and clearing
Speaker 1: the way for Spirit to be acquired back by its
Speaker 1: former parent, Boeing. So we're seeing Boeing rising one point
Speaker 1: six percent and actually Spirit rising in the pre market
Speaker 1: as well, up two point six percent on that divesta
Speaker 1: share from Airbus.
Speaker 3: And just time to tell us whether there's any positioning
Speaker 3: around the mag seven earnings are going to get this week.
Speaker 1: Well, it's the busiest day of first quarter earning season
Speaker 1: this week. We've got twenty trillion in market cap set
Speaker 1: to report the next five days. The big one our
Speaker 1: Meta and Microsoft after the bell on Wednesday, and then
Speaker 1: Apple and Amazon after the bell on Thursday. So the
Speaker 1: busiest week ahead for the first quarter earning season.
Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with
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