1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:15,880 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:17,000 --> 00:00:18,319 Speaker 2: Let's take a look at some of the stocks on 5 00:00:18,360 --> 00:00:20,400 Speaker 2: the move today on Paul Sweeney alongside Laura Linda and 6 00:00:20,440 --> 00:00:25,160 Speaker 2: we're joined by the Pride of Romania bloombergs Latianna Darya Ken. 7 00:00:25,200 --> 00:00:26,040 Speaker 2: What are looking at today? 8 00:00:26,440 --> 00:00:29,720 Speaker 3: Yeah, I'm back with a mix of names here slightly 9 00:00:29,760 --> 00:00:33,560 Speaker 3: different stories. So we'll start with American Eagle. Your tickers 10 00:00:33,600 --> 00:00:38,120 Speaker 3: AEO is up about sixteen percent today after President Donald 11 00:00:38,120 --> 00:00:42,120 Speaker 3: Trump came out in support of the controversial, controversial ad 12 00:00:42,200 --> 00:00:47,519 Speaker 3: from the company, posting on truth Social that quote Sidney Sweeney, 13 00:00:47,520 --> 00:00:52,320 Speaker 3: a registered Republican, has the quote hottest ad out there, 14 00:00:52,560 --> 00:00:55,800 Speaker 3: and apparently the backstory is that he was on board 15 00:00:55,840 --> 00:00:59,200 Speaker 3: of Air Force one. A reporter asked if he has 16 00:00:59,320 --> 00:01:03,440 Speaker 3: any thoughts on Sweeney being a registered Republican and then 17 00:01:03,560 --> 00:01:07,679 Speaker 3: he said, surprisingly, he said, I didn't know that, but 18 00:01:07,840 --> 00:01:11,680 Speaker 3: now I'm all I like her ad basically, which prompted 19 00:01:12,480 --> 00:01:16,600 Speaker 3: his post. And just a reminder, that's about a controversial 20 00:01:16,680 --> 00:01:20,679 Speaker 3: ad that plays on the word genes being passed from 21 00:01:20,720 --> 00:01:24,760 Speaker 3: parents to offsprings, which sparked a backlash online for having 22 00:01:24,920 --> 00:01:30,480 Speaker 3: racist undertones. Well, Bloomberg data actually showing that there hasn't 23 00:01:30,520 --> 00:01:33,479 Speaker 3: been any impact on sales, and now the president coming 24 00:01:33,840 --> 00:01:37,720 Speaker 3: in favor of the ad, investors are bidding the stock. 25 00:01:37,920 --> 00:01:39,560 Speaker 4: Yeah, definitely seeing a pop here, but when you look 26 00:01:39,560 --> 00:01:42,880 Speaker 4: on a broader scale, down thirty eight percent year today, 27 00:01:43,040 --> 00:01:45,680 Speaker 4: So really interesting move that we're seeing here, But you're 28 00:01:45,680 --> 00:01:50,080 Speaker 4: also looking at a slot that's constantly soaring talenteer. 29 00:01:49,800 --> 00:01:52,680 Speaker 3: Yeah, exactly. The company reports off to the Bell and 30 00:01:52,720 --> 00:01:54,840 Speaker 3: it's an important name, you know, for the market as 31 00:01:54,840 --> 00:01:57,400 Speaker 3: a whole, because it's the fifth largest contributor to s 32 00:01:57,440 --> 00:02:01,080 Speaker 3: and P five hundred returns this year. Shares up more 33 00:02:01,120 --> 00:02:03,840 Speaker 3: than one hundred percent this year, so expectations there are 34 00:02:03,880 --> 00:02:08,600 Speaker 3: really high. Bloomberg Intelligence noting in this preview that continued 35 00:02:08,680 --> 00:02:12,399 Speaker 3: momentum and sales growth is needed for Plentier to keep 36 00:02:12,440 --> 00:02:16,720 Speaker 3: its premium valuations among enterprise software peers, saying it's seeing 37 00:02:16,760 --> 00:02:20,160 Speaker 3: traction the commercial segment. It needs to continue that, but 38 00:02:20,240 --> 00:02:23,600 Speaker 3: that may be upset by slowing revenue abroad and a 39 00:02:23,720 --> 00:02:27,519 Speaker 3: possible competition at the Defense Department, which has been awarding 40 00:02:27,680 --> 00:02:31,640 Speaker 3: big money contracts to competitors Open Ai and Tropic Google. 41 00:02:32,320 --> 00:02:35,480 Speaker 3: So we'll see what Planer has to say about that 42 00:02:36,120 --> 00:02:40,760 Speaker 3: Tsla Tesla Tesla. We have to talk about Tesla. I 43 00:02:40,960 --> 00:02:44,160 Speaker 3: rallied more than three percent early. It has been losing 44 00:02:44,200 --> 00:02:47,720 Speaker 3: some steam here, but it's after the board approved an 45 00:02:47,720 --> 00:02:51,880 Speaker 3: interimstock award worth about a thirty billion dollars for CEO 46 00:02:51,960 --> 00:02:55,320 Speaker 3: Elon Musk. Those shares will vest only if he stays 47 00:02:55,360 --> 00:02:58,440 Speaker 3: on board for another two years. The news is taken 48 00:02:58,560 --> 00:03:02,160 Speaker 3: positively by investors and analysts, saying that it removes an 49 00:03:02,160 --> 00:03:06,440 Speaker 3: overhang on this stock. That Musk is Tesla's biggest asset. 50 00:03:06,800 --> 00:03:09,120 Speaker 3: But of course the other news hitting the tape today 51 00:03:09,280 --> 00:03:12,880 Speaker 3: is that China shiments are falling again a mid intense competition, 52 00:03:13,320 --> 00:03:17,160 Speaker 3: so that is taking some of those shares all lower. 53 00:03:17,520 --> 00:03:19,920 Speaker 3: And you know that underlines how much work there is 54 00:03:19,960 --> 00:03:23,119 Speaker 3: to be done for Musk to those. 55 00:03:22,880 --> 00:03:27,079 Speaker 2: Companies now reincorporated in Texas whereby so that this pay 56 00:03:27,120 --> 00:03:29,560 Speaker 2: grant will be okay, whereas when he was incorporated in 57 00:03:29,760 --> 00:03:33,200 Speaker 2: Delaware it was subject to legal blockage. 58 00:03:33,360 --> 00:03:33,760 Speaker 1: I don't know. 59 00:03:33,800 --> 00:03:37,080 Speaker 3: They're certainly making an effort here and they're considering this 60 00:03:37,200 --> 00:03:39,800 Speaker 3: is part of a larger package, which will be put 61 00:03:39,880 --> 00:03:42,760 Speaker 3: up for a vote at the company's meeting there in November. 62 00:03:44,080 --> 00:03:48,080 Speaker 1: The Stock Movers report from Bloomberg Radio. Check back with 63 00:03:48,160 --> 00:03:50,760 Speaker 1: us throughout the day for the latest roundup of companies 64 00:03:50,840 --> 00:03:53,920 Speaker 1: making news on Wall Street and for the latest market 65 00:03:53,960 --> 00:03:58,440 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 66 00:03:58,520 --> 00:04:01,840 Speaker 1: Bloomberg dot com, and an Apple CarPlay and Android Auto 67 00:04:01,920 --> 00:04:03,520 Speaker 1: with the Bloomberg Business app.