1 00:00:02,520 --> 00:00:08,800 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:17,640 Speaker 2: the stock market, harnessing the power of Bloomberg data. 4 00:00:17,840 --> 00:00:20,200 Speaker 1: We need to look at some stocks as Lisa looked 5 00:00:20,200 --> 00:00:24,680 Speaker 1: at Kimberly Clark earlier joining us Bloomberg's Lisa Matteo for 6 00:00:24,760 --> 00:00:25,560 Speaker 1: Stock Movers. 7 00:00:25,840 --> 00:00:28,040 Speaker 3: Yes, and we have to start with test lights reporting 8 00:00:28,080 --> 00:00:30,440 Speaker 3: after the close. So if you remember yesterday right the 9 00:00:30,480 --> 00:00:32,559 Speaker 3: shares really took a hit, you had web Bush Securities 10 00:00:32,600 --> 00:00:35,920 Speaker 3: dannalyst Dan Ives. He said Tesla's facing this code red moment. 11 00:00:35,960 --> 00:00:38,400 Speaker 3: He also said Elon mus should really stepped back from 12 00:00:38,400 --> 00:00:40,959 Speaker 3: his role at DOGE. But the shares have been rebounding 13 00:00:41,000 --> 00:00:42,440 Speaker 3: before the bell had been up by it as much 14 00:00:42,479 --> 00:00:45,720 Speaker 3: as about one percent. Investor Zoe really on edge. It's 15 00:00:45,760 --> 00:00:49,400 Speaker 3: one of the stocks worst ever quarters. Tesla's stock a 16 00:00:49,440 --> 00:00:53,920 Speaker 3: plummeted about fifty three percent since December. Despite though the selloff, 17 00:00:53,960 --> 00:00:57,280 Speaker 3: it continues to command this high valuation. So investors, what 18 00:00:57,320 --> 00:00:57,960 Speaker 3: do they want to see? 19 00:00:58,040 --> 00:00:58,120 Speaker 1: Right? 20 00:00:58,160 --> 00:01:00,960 Speaker 3: They want to see Elon Musk bring back excitement to 21 00:01:01,000 --> 00:01:02,520 Speaker 3: the brand. That's what they're looking for. 22 00:01:02,600 --> 00:01:02,960 Speaker 2: They say. 23 00:01:03,000 --> 00:01:05,160 Speaker 3: If he steps away from doades, that could kind of 24 00:01:05,160 --> 00:01:07,839 Speaker 3: shore up some confidence, and that was hinted a little 25 00:01:07,840 --> 00:01:11,000 Speaker 3: bit earlier this month, and then and then the shares rebounded. 26 00:01:11,040 --> 00:01:13,360 Speaker 3: I mean, Tom, you said it, where is Elon Musk? Right, 27 00:01:13,400 --> 00:01:16,160 Speaker 3: He's kind of taking a step back, So that's also 28 00:01:16,160 --> 00:01:19,160 Speaker 3: going to bring back investor confidence. Is details on any 29 00:01:19,200 --> 00:01:20,800 Speaker 3: new models? And that's what people want to know. 30 00:01:21,120 --> 00:01:23,840 Speaker 1: David, help us here with just a simple question. Unfair 31 00:01:23,880 --> 00:01:26,920 Speaker 1: to you? Is Elon Musk out at the White House? 32 00:01:27,000 --> 00:01:28,920 Speaker 4: No, he's not out yet. I mean there's been whispering 33 00:01:28,920 --> 00:01:30,959 Speaker 4: that he might be on the way out, but I've 34 00:01:31,000 --> 00:01:32,959 Speaker 4: seen nothing to indicate that he is fully out. And 35 00:01:33,000 --> 00:01:35,319 Speaker 4: so I wonder what that glitz he could bring to 36 00:01:35,360 --> 00:01:37,360 Speaker 4: this call would be. Is it more about the cyber 37 00:01:37,400 --> 00:01:39,200 Speaker 4: cab and Optimists and the like or is it really 38 00:01:39,240 --> 00:01:40,759 Speaker 4: just about sales? And I think it's the latter. 39 00:01:41,520 --> 00:01:43,760 Speaker 1: Oh, I have to see next more? Do you go there? 40 00:01:44,600 --> 00:01:46,560 Speaker 3: So its shares have been all over the map, right 41 00:01:46,760 --> 00:01:47,760 Speaker 3: we excuse. 42 00:01:47,360 --> 00:01:50,480 Speaker 1: Me, Minnesota Mining and Manufacture. 43 00:01:50,520 --> 00:01:51,600 Speaker 2: Oh, here we go. 44 00:01:53,040 --> 00:01:53,560 Speaker 1: Continue? 45 00:01:53,640 --> 00:01:56,920 Speaker 3: You got it? Take note. So it's been all over 46 00:01:56,960 --> 00:01:59,120 Speaker 3: the map, right, It's been off as much as one percent, 47 00:01:59,360 --> 00:02:02,120 Speaker 3: high as my to six percent. The thing is it 48 00:02:02,160 --> 00:02:04,160 Speaker 3: stood by its full year guidance. Right, But like a 49 00:02:04,160 --> 00:02:06,320 Speaker 3: lot of the companies we've heard from during earning season, 50 00:02:06,400 --> 00:02:08,359 Speaker 3: it pointed to the risk from the trade war. It's 51 00:02:08,400 --> 00:02:10,919 Speaker 3: expected to have this negative impact up to forty cents 52 00:02:10,919 --> 00:02:14,200 Speaker 3: a share on full year earnings. It's ceo, he's been 53 00:02:14,240 --> 00:02:16,960 Speaker 3: trying to kind of turn around the company. But why 54 00:02:17,000 --> 00:02:20,360 Speaker 3: three M is important? Yeah, it's considered this economic bill weather. Right, 55 00:02:20,400 --> 00:02:24,600 Speaker 3: it has this huge portfolio thousands of consumer industrial products. 56 00:02:24,919 --> 00:02:28,080 Speaker 3: RBC Capital Market says three M derives about eleven percent 57 00:02:28,120 --> 00:02:30,920 Speaker 3: of its sales in China, so that could be an 58 00:02:30,960 --> 00:02:33,040 Speaker 3: issue for them as well. And then we go from 59 00:02:33,040 --> 00:02:36,240 Speaker 3: three M to GE Aerospace. It shares the bin up 60 00:02:36,280 --> 00:02:39,600 Speaker 3: of as much as four percent, reaffirmed its full year outlook. 61 00:02:39,600 --> 00:02:42,200 Speaker 3: It says that cost controls price increases are helping to 62 00:02:42,240 --> 00:02:45,799 Speaker 3: offset a five hundred million dollar impact from Trump's tariffs. 63 00:02:45,960 --> 00:02:49,120 Speaker 3: So we're talking tariffs again. You had General six General 64 00:02:49,200 --> 00:02:52,440 Speaker 3: Lexics CEO Larry Colp. He remember earlier this month he 65 00:02:52,480 --> 00:02:55,320 Speaker 3: made an appearance, he went to Donald Trump and talked 66 00:02:55,320 --> 00:02:57,080 Speaker 3: about it. You know this is he talked about a 67 00:02:57,120 --> 00:03:00,640 Speaker 3: tariff free regime. Now it's benefited the aerospace fly chain. 68 00:03:01,560 --> 00:03:05,559 Speaker 3: Why it's important, is because the US airlines are customers 69 00:03:05,560 --> 00:03:09,000 Speaker 3: of ges jet engine business, and we've heard that talk 70 00:03:09,000 --> 00:03:11,480 Speaker 3: about like we're doing reducing flying capacity. 71 00:03:11,560 --> 00:03:11,720 Speaker 2: Right. 72 00:03:11,720 --> 00:03:14,840 Speaker 3: They basically threw up their financial outlooks from because of 73 00:03:14,840 --> 00:03:15,760 Speaker 3: this moment. 74 00:03:15,520 --> 00:03:18,600 Speaker 1: Of silence from the pandemic and all the upset of 75 00:03:18,720 --> 00:03:23,880 Speaker 1: generous electric thirty to one hundred and eighty six. Well wow, 76 00:03:24,320 --> 00:03:28,080 Speaker 1: just an amazing moonshadow of success for mister Kulp. Is 77 00:03:28,080 --> 00:03:30,200 Speaker 1: they deconglomerated. 78 00:03:30,639 --> 00:03:33,280 Speaker 4: Who's in Boston now some part of this company? Yeah, 79 00:03:33,320 --> 00:03:34,480 Speaker 4: back to Boston and iwent. 80 00:03:34,760 --> 00:03:36,720 Speaker 1: I just wish they would sponsor the Red Sox, the 81 00:03:36,760 --> 00:03:39,600 Speaker 1: Red Sox peak of white Sox last s right destined. Yeah, 82 00:03:39,800 --> 00:03:42,600 Speaker 1: we could get to May with over five hundred. It's 83 00:03:42,600 --> 00:03:44,880 Speaker 1: just too much, is that? It is that all you 84 00:03:44,960 --> 00:03:45,320 Speaker 1: have to know? 85 00:03:45,440 --> 00:03:47,440 Speaker 3: No, I'm going to end off with Verizon. Okay, you 86 00:03:47,480 --> 00:03:50,600 Speaker 3: got it. It's the largest US wireless provider. Right shares 87 00:03:50,600 --> 00:03:53,440 Speaker 3: a bit off about five percent reported larger than expected 88 00:03:53,480 --> 00:03:57,480 Speaker 3: to CLINB mobile phone subscribers, heavy competition right at and 89 00:03:57,520 --> 00:04:01,560 Speaker 3: T T mobile customers are keeping their phones longer, less 90 00:04:01,600 --> 00:04:04,640 Speaker 3: spending by government agencies. He had the chief revenue officer, 91 00:04:04,680 --> 00:04:06,440 Speaker 3: he kind of warned about that this was going to 92 00:04:06,520 --> 00:04:09,800 Speaker 3: happen after the Christmas holiday. Verizon. If you notice that 93 00:04:09,880 --> 00:04:12,840 Speaker 3: you stop seeing those seasonal promotions they ended a little 94 00:04:12,880 --> 00:04:15,600 Speaker 3: bit early. They do have a bright spot and that 95 00:04:15,880 --> 00:04:19,600 Speaker 3: is broadband. That is their bright spot, adding about three 96 00:04:19,680 --> 00:04:22,440 Speaker 3: hundred and thirty nine thousand Internet customers, so the Internet 97 00:04:22,800 --> 00:04:25,760 Speaker 3: focus for them. They also had that, of course, pending 98 00:04:25,800 --> 00:04:28,200 Speaker 3: acquisition with Frontier Communications parent. 99 00:04:29,200 --> 00:04:33,320 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 100 00:04:33,440 --> 00:04:36,200 Speaker 2: us throughout the day for the latest roundup of companies 101 00:04:36,240 --> 00:04:39,280 Speaker 2: making news on Wall Street and for the latest market 102 00:04:39,320 --> 00:04:43,680 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 103 00:04:43,720 --> 00:04:46,960 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 104 00:04:47,040 --> 00:04:48,520 Speaker 2: the Bloomberg Business app.