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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.

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Speaker 2: Stock Movers podcast, your roundup of companies making moves in

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Speaker 2: the stock market, harnessing the power of Bloomberg data.

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Speaker 3: Let's take a look at some stocks on the move

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Speaker 3: this week, with us as Bloomberg News Managing Editor for

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Speaker 3: Markets Live, joining us as Christine Aquino. Christine, what he got?

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Speaker 4: Well, Carol, I'm looking at JP Morgan, still top of

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Speaker 4: the stack in terms of the banks that reported today.

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Speaker 4: That's a more than four percent in the afternoon session,

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Speaker 4: and investors really liking that record stock trating revenue forty

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Speaker 4: eight percent increase to three point eighty one billion. That

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Speaker 4: volatility in markets that we're seeing really paying off for

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Speaker 4: JP Morgan. That interest income also twenty three point three billion,

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Speaker 4: that's a one percent increase, so investors really loving that.

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Speaker 4: But of course we see we also saw CEO Jamie

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Speaker 4: Diamond warning of considerable turbulence coming in markets, and look

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Speaker 4: like they're prepared for that as well with the money

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Speaker 4: that they set aside for sour and loans that has

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Speaker 4: also increased way more than an analysts had predicted, nine

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Speaker 4: hundred and seventy three million dollars set aside for that.

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Speaker 1: I was also earlier today watching what's happening in the

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Speaker 1: chips space because we got some news out of China

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Speaker 1: today that really moved US stocks.

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Speaker 4: Yeah, absolutely, Tim, I mean, we got some clarity from

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Speaker 4: a Chinese semiconductor body, and they're emphasizing that the government

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Speaker 4: will put tariffs on chips based on where they're manufactured

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Speaker 4: rather than where their ships from. And so this is

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Speaker 4: very relevant for any companies in the US that are

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Speaker 4: importing these chips. Texas Instruments is one of them, and

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Speaker 4: we're seeing that stock down in in the sessions, actually

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Speaker 4: the biggest laggard on the S and P five hundred today,

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Speaker 4: down more than four percent, because I think that stance

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Speaker 4: just really makes it clear that whatever the cost of

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Speaker 4: importing these chips, now, that's gonna go a lot higher.

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Speaker 3: When you have a fabricator like TSM making most of

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Speaker 3: the chips.

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Speaker 1: Right, Like, you just move that thing to Arizona.

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Speaker 3: Yeah, Carol, Yeah, Hey, TSM, just pick it up across

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Speaker 3: the ocean.

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Speaker 1: Take those machines and.

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Speaker 3: Tain't so easy, stenovec Now it's not.

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Speaker 1: I've driven so years ago. I've told you this. I

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Speaker 1: drove I think what twenty twenty three, twenty twenty two. Yeah,

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Speaker 1: driving in Arizona outside of Phoenix and seeing some of

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Speaker 1: these facilities that were being built, and that was several

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Speaker 1: years ago.

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Speaker 3: But it's tricky. It's tricky, and this is a big

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Speaker 3: tricky and this is why you see it playing out here.

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Speaker 3: So glad you're looking at Numont. It's was one of

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Speaker 3: the names that I talked about yesterday, and it chosen

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Speaker 3: as a gainer because we've seen gold just take off.

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Speaker 4: Yeah, absolutely, after record it feels yeah, yeah, exactly. I mean,

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Speaker 4: we're seeing that pay off for this gold minor, UBS

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Speaker 4: upgrading that company from neutral to buy now, and UBS

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Speaker 4: also upgrading it's gold forecast to thirty five hundred dollars

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Speaker 4: in a twenty twenty six I remember we hit a

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Speaker 4: record just over thirty two hundred earlier. Today. Gold really

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Speaker 4: has been one of the most reliable havens in this

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Speaker 4: sort of turmoil. I mean a lot of the other

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Speaker 4: havens that we've traditionally looked at, the treasuries, the US

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Speaker 4: dollar all seem to be breaking down, but gold still

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Speaker 4: going strong. It's up twenty three percent this year.

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Speaker 1: I'm looking at the chart right now. It's remarkable to

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Speaker 1: see this. I mean, it seems like every day, Carol,

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Speaker 1: we're talking about a new record for gold.

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Speaker 3: Yeah, I mean I kind of get it, because right

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Speaker 3: in terms of safe havens, right, and that is another

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Speaker 3: one of the ultimate safe havens. And we've seen gold

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Speaker 3: on a tear this year. When you were thinking about

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Speaker 3: stocks on the move before we wrap up, there was

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Speaker 3: a lot to choose from.

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Speaker 4: Oh yeah, a lot to choose from right today, Yeah, exactly.

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Speaker 4: And you know, I think we got some laboraking news

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Speaker 4: in the afternoon from several Federal Reserve officials. We did

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Speaker 4: get some comments via Financial Times from Susan Colin saying

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Speaker 4: that the FED is ready to step in. I mean

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Speaker 4: that's their default stands anyway, but I suppose not that

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Speaker 4: they're ready to exact likely this is what we do.

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Speaker 1: To be fair. She did say that markets are continuing

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Speaker 1: to function well and that we're not seeing liquidity concerns overall.

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Speaker 2: Exactly.

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Speaker 4: But you can just tell from the market sentiment right then,

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Speaker 4: the reaction to that really helping those games in the afternoon.

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Speaker 4: It's just something that markets probably are wanting to hear

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Speaker 4: at this particular point in time.

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Speaker 3: Yeah, super interesting that we are holding on to games.

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Speaker 3: We'll see what happens in the last hour of trading,

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Speaker 3: whether or not that holds Christine, so appreciate it. Bloomberg News,

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Speaker 3: Managing Editor for Markets.

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Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

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