WEBVTT - Nvidia Faces Competition; Tesla's Upswing; Boeing's Upgrade

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

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<v Speaker 2>Stock Movers podcast, your roundup of companies making moves in

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<v Speaker 2>the stock market. Harnessing the power of Bloomberg Data.

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

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<v Speaker 3>We are joined by Bloomberg's Valerie Titel. Valerie, Good morning.

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<v Speaker 3>So much of the focus for the market today is

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<v Speaker 3>on US China relations. That could be the same for

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<v Speaker 3>Nvidia based on the latest headlines.

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<v Speaker 1>Good morning, Yeah, Good morning, Nathan, Happy Monday. Navidia is

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<v Speaker 1>starting off the week in the red, down one point

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<v Speaker 1>four percent in the pre market. This came after reports

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<v Speaker 1>that it's Chinese competitor, Huawei is making up some ground

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<v Speaker 1>in the AI race. Huawei is reportedly preparing to test

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<v Speaker 1>a new AI chip that it hopes can replace some

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<v Speaker 1>of those products replaced by Navidia. This comes from the

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<v Speaker 1>Wall Street Journal reporting that Huawei has approached some Chinese

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<v Speaker 1>tech companies about testing the new chip. The new processor

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<v Speaker 1>would put China's capabilities around two generations behind Navidia's new

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<v Speaker 1>black Well chips, so that news is catching up with Navidia.

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<v Speaker 1>Those shares are down one point four percent in pre market.

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<v Speaker 3>Yeah. One of the biggest volume movers in early trading

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<v Speaker 3>along with Tesla. Different story there.

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<v Speaker 1>Though different sorry here. Tesla on the upside, leaving the

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<v Speaker 1>gains for the mag seven. Tesla rising one point three

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<v Speaker 1>percent in pre market, rising again after its best week

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<v Speaker 1>of the year last week and over the weekend. Tesla

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<v Speaker 1>was reported to raise prices in Canada and encourage buyers

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<v Speaker 1>to snap up evs imported before the counter terriffs were

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<v Speaker 1>imposed on US made vehicles, so they said in an

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<v Speaker 1>ad campaign to get your pre tariff priced inventory wall

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<v Speaker 1>supplies last. Seems like the market seems to enjoy that.

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<v Speaker 1>Tesla shares up one point three percent.

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<v Speaker 3>And we got a little bit of a merger news

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<v Speaker 3>call it a merger Monday, I guess with Merk and

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<v Speaker 3>spring Works Therapeutics.

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<v Speaker 1>In folks, Yes, yeah, m and a Monday. Germany's marked

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<v Speaker 1>by US biotech firms spring Work Therapeutics for around four

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<v Speaker 1>billion dollars, funded with cash and debt. We're seeing the

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<v Speaker 1>spring Works share rise nearly three and a half percent

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<v Speaker 1>in pre market trade so far this morning. This goes

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<v Speaker 1>back after Germany's Merk has been busy putting its COVID

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<v Speaker 1>cash hall to work with the latest purchase, and the

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<v Speaker 1>acquisition is expected to boost Merk's healthcare division when that

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<v Speaker 1>deal closes. That's the m and A of the day,

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<v Speaker 1>spring Works Therapeutics of three and a half percent.

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<v Speaker 3>Of course, that's going to be a really busy earnings week,

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<v Speaker 3>a lot of the focus on tech. But this morning

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<v Speaker 3>we heard from a pizza delivery chain just in time

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<v Speaker 3>for breakfast.

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<v Speaker 1>Exactly Domino's Pizza falling after earnings down three percent in

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<v Speaker 1>the pre market. It had some mixed results. Sales did misestimates,

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<v Speaker 1>the fast food change, did not provide an outlook for

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<v Speaker 1>twenty twenty five. Their international sales did okay, but it

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<v Speaker 1>seems like a lot of attention on their US same

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<v Speaker 1>store sales declining by half a percent. So that's Domino's

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<v Speaker 1>on a backfoot, selling three percent in pre market.

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<v Speaker 3>Adding on to the lack of a guidance bandwagon here,

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<v Speaker 3>what's going on with Boeing? Those shares are hire this morning.

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<v Speaker 1>Hire in pre market Boeing rising one point six percent.

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<v Speaker 1>It was upgraded by Bernstein citing growth potential on the horizon.

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<v Speaker 1>There also was some other activity going on with Airbus

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<v Speaker 1>taking over some of its assets from Spirit and clearing

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<v Speaker 1>the way for Spirit to be acquired back by its

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<v Speaker 1>former parent, Boeing. So we're seeing Boeing rising one point

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<v Speaker 1>six percent and actually Spirit rising in the pre market

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<v Speaker 1>as well, up two point six percent on that divesta

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<v Speaker 1>share from Airbus.

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<v Speaker 3>And just time to tell us whether there's any positioning

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<v Speaker 3>around the mag seven earnings are going to get this week.

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<v Speaker 1>Well, it's the busiest day of first quarter earning season

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<v Speaker 1>this week. We've got twenty trillion in market cap set

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<v Speaker 1>to report the next five days. The big one our

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<v Speaker 1>Meta and Microsoft after the bell on Wednesday, and then

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<v Speaker 1>Apple and Amazon after the bell on Thursday. So the

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<v Speaker 1>busiest week ahead for the first quarter earning season.

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<v Speaker 2>The Stock Movers podcast from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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<v Speaker 2>making news on Wall Street and for the latest market

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<v Speaker 1>M HM