1 00:00:02,520 --> 00:00:09,040 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 --> 00:00:17,800 Speaker 2: the stock market. Harnessing the power of Bloomberg data. Let's 4 00:00:17,800 --> 00:00:19,079 Speaker 2: see what the action is under the hood. 5 00:00:19,079 --> 00:00:21,279 Speaker 1: We do that with Isabel Lee al Sassite, reporter for 6 00:00:21,280 --> 00:00:21,880 Speaker 1: Bloomberg News. 7 00:00:21,880 --> 00:00:23,639 Speaker 2: She joins us here in our studio is about what 8 00:00:23,640 --> 00:00:24,120 Speaker 2: are you looking at? 9 00:00:24,360 --> 00:00:26,920 Speaker 1: I'm looking at Eli Lilly so shares our edging lower 10 00:00:26,960 --> 00:00:29,640 Speaker 1: by almost five percent. So Trump has long promised that 11 00:00:29,680 --> 00:00:32,440 Speaker 1: his tariffs and pharmaceutical drugs will be coming soon, and 12 00:00:32,520 --> 00:00:34,280 Speaker 1: it is coming soon. This is the latest signal that 13 00:00:34,320 --> 00:00:37,159 Speaker 1: he really plans to press ahead with those sectoral tariffs 14 00:00:37,159 --> 00:00:40,159 Speaker 1: despite this really huge market follout. I believe it's more 15 00:00:40,200 --> 00:00:42,480 Speaker 1: than ten trillion in the past four days. So Trump 16 00:00:42,479 --> 00:00:44,879 Speaker 1: believed that tariffs will encourage parma giants to produce more 17 00:00:44,920 --> 00:00:47,120 Speaker 1: in the US, and he's confident that they will come 18 00:00:47,159 --> 00:00:49,960 Speaker 1: back because the US is the biggest market. But again, 19 00:00:50,120 --> 00:00:52,959 Speaker 1: the lack of information makes any assessment really difficult. That's 20 00:00:52,960 --> 00:00:56,120 Speaker 1: according to Bloomberg intelligence and implementation could take time. And 21 00:00:56,200 --> 00:00:59,560 Speaker 1: also the generics which are mostly made overseas, I mean 22 00:00:59,600 --> 00:01:03,320 Speaker 1: that may effect prices too, and if you're hard on money, 23 00:01:03,320 --> 00:01:06,280 Speaker 1: you usually go to the generic. Oh yeah, well I 24 00:01:06,319 --> 00:01:08,399 Speaker 1: go to the generics anyway. I mean one dollar drug 25 00:01:08,480 --> 00:01:11,240 Speaker 1: is better than three hundred for sure, and medical devices 26 00:01:11,280 --> 00:01:13,440 Speaker 1: too would get hit from that end as well. All right, 27 00:01:13,600 --> 00:01:15,360 Speaker 1: let's go to Walmart here. So I was surprised that 28 00:01:15,440 --> 00:01:19,240 Speaker 1: they reaffirm their outlook despite all the uncertainty exactly. So 29 00:01:19,440 --> 00:01:21,440 Speaker 1: it was higher by around five percent. Its paired back 30 00:01:21,480 --> 00:01:23,800 Speaker 1: some of those games, but still up by around three 31 00:01:23,800 --> 00:01:26,720 Speaker 1: point three percent. So they did reiterate their guidance despite 32 00:01:26,760 --> 00:01:29,320 Speaker 1: the barrage of tariffs and weakening consumer sentiment. And it 33 00:01:29,400 --> 00:01:32,920 Speaker 1: really just highlights how this the world's largest retailer, basically 34 00:01:33,000 --> 00:01:35,960 Speaker 1: is confident that it can navigate economic uncertainty. So Walmart 35 00:01:35,959 --> 00:01:38,560 Speaker 1: said that it's seeing net sales growing three to four 36 00:01:38,600 --> 00:01:41,520 Speaker 1: percent this year. So the forecast accounts for tariffs, unlike 37 00:01:41,520 --> 00:01:44,480 Speaker 1: its previous outlook in February. And Walmart is really seen 38 00:01:44,480 --> 00:01:47,320 Speaker 1: as a barometer for a consumer sentiment. I mean, it's 39 00:01:47,440 --> 00:01:49,800 Speaker 1: really due to its sheer size and exposure to a 40 00:01:49,840 --> 00:01:53,600 Speaker 1: broad swath of US consumers. And they said they plan 41 00:01:53,680 --> 00:01:57,000 Speaker 1: to absorb potential price hikes and they plan to keep 42 00:01:57,040 --> 00:01:59,640 Speaker 1: their products affordable. We do have da Davids and analysts 43 00:01:59,680 --> 00:02:02,440 Speaker 1: saying that at this colde squeeze profit in the near term. 44 00:02:02,520 --> 00:02:07,560 Speaker 1: But still Walmart has actually performed historically better during economic downturns. Yeah, okay, 45 00:02:07,560 --> 00:02:10,360 Speaker 1: they can deal with the mom and pops shop owner. 46 00:02:10,400 --> 00:02:13,080 Speaker 2: I'm not sure. Yeah, boid they vote too So again 47 00:02:13,160 --> 00:02:15,440 Speaker 2: the politics, this is lost on me. What else you 48 00:02:15,480 --> 00:02:16,320 Speaker 2: got Ford? 49 00:02:16,440 --> 00:02:19,000 Speaker 1: So Ford is edging lower and now actually it's down 50 00:02:19,040 --> 00:02:22,400 Speaker 1: by around one percent. It's we're seeing a lot more 51 00:02:22,440 --> 00:02:25,440 Speaker 1: pressure there. We have Burnstein downgrading the stock to underperform 52 00:02:25,440 --> 00:02:28,240 Speaker 1: from market perform with a price target of seven dollars. 53 00:02:28,280 --> 00:02:31,200 Speaker 1: Bernstein said that there's significant downside for the stock that's 54 00:02:31,240 --> 00:02:33,360 Speaker 1: not priced in by the markets. I really feel like 55 00:02:33,360 --> 00:02:35,960 Speaker 1: these automakers are just getting hit day by day. So 56 00:02:36,200 --> 00:02:39,240 Speaker 1: the analyst Daniel Rosca says the tariff's impact for just 57 00:02:39,280 --> 00:02:42,120 Speaker 1: as consumer sentiment wains, so he says that this is 58 00:02:42,280 --> 00:02:44,400 Speaker 1: really going to have more downside. But Ford still has 59 00:02:44,440 --> 00:02:47,680 Speaker 1: five buys, thirteen holes, and eight celerating. 60 00:02:48,240 --> 00:02:52,360 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 61 00:02:52,440 --> 00:02:55,200 Speaker 2: us throughout the day for the latest roundup of companies 62 00:02:55,240 --> 00:02:58,320 Speaker 2: making news on Wall Street and for the latest market 63 00:02:58,320 --> 00:03:02,720 Speaker 2: moving headlines. Listen to Bluelomberg Radio Live. Catch us on YouTube, 64 00:03:02,720 --> 00:03:06,000 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 65 00:03:06,040 --> 00:03:07,520 Speaker 2: the Bloomberg Business app.