1 00:00:02,520 --> 00:00:10,840 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, the Stock Movers podcast. 2 00:00:12,080 --> 00:00:14,840 Speaker 1: This is your roundup of companies making news on Wall 3 00:00:14,840 --> 00:00:19,720 Speaker 1: Street and beyond. Harnessing the power of Bloomberg data, we 4 00:00:19,800 --> 00:00:20,079 Speaker 1: need to. 5 00:00:20,079 --> 00:00:23,200 Speaker 2: Take a look at some stocks on the move today. 6 00:00:23,960 --> 00:00:26,360 Speaker 2: Always we're joined by Bloomberg's Lisa Monteil. 7 00:00:26,480 --> 00:00:28,920 Speaker 3: Lisa, all right, We're starting with Tesla because shares have 8 00:00:29,080 --> 00:00:30,920 Speaker 3: really been all over the map this morning. They were 9 00:00:30,960 --> 00:00:33,480 Speaker 3: lower than they moved higher, up as much as nearly 10 00:00:33,520 --> 00:00:37,080 Speaker 3: two percent. The reason why is that it's not doing 11 00:00:37,080 --> 00:00:38,960 Speaker 3: so well in Europe. So let me get to some 12 00:00:39,000 --> 00:00:40,920 Speaker 3: of the numbers for you. Sales fell for the tenth 13 00:00:40,920 --> 00:00:43,720 Speaker 3: time in the last twelve months. There forty percent drop 14 00:00:43,760 --> 00:00:46,520 Speaker 3: in February compared to the same month last year. Sales 15 00:00:46,520 --> 00:00:48,839 Speaker 3: fell forty three percent in the first two months of 16 00:00:48,880 --> 00:00:51,720 Speaker 3: the year despite the thirty one percent rise in industry 17 00:00:51,720 --> 00:00:53,120 Speaker 3: wide IV registrations. 18 00:00:53,479 --> 00:00:56,959 Speaker 4: So a few things. They're counting on the redesigned model why. 19 00:00:56,760 --> 00:00:59,520 Speaker 3: To boost sales, right, that's their big draw, But it's 20 00:00:59,520 --> 00:01:03,120 Speaker 3: been hit with these production pauses. It's factories worldwide earlier 21 00:01:03,120 --> 00:01:05,520 Speaker 3: this year, and then of course you have this growing 22 00:01:05,640 --> 00:01:08,840 Speaker 3: polarizing feel around Elon musk himself. You know, people have 23 00:01:08,880 --> 00:01:13,240 Speaker 3: been vandalizing dealerships, the cars there and vandalizing different charging 24 00:01:13,280 --> 00:01:17,039 Speaker 3: stations here, not only here, but abroad too. So that's 25 00:01:17,080 --> 00:01:18,160 Speaker 3: the latest on Tesla. 26 00:01:18,200 --> 00:01:20,000 Speaker 4: But it shares really all over the map this morning. 27 00:01:20,240 --> 00:01:22,600 Speaker 5: I mean, do I think sales are down because of 28 00:01:22,840 --> 00:01:26,880 Speaker 5: the elon political issues or because maybe competition from by 29 00:01:26,959 --> 00:01:29,320 Speaker 5: compyd competition correct? 30 00:01:29,319 --> 00:01:32,280 Speaker 4: The mix of the two did fantastic. 31 00:01:32,400 --> 00:01:34,480 Speaker 2: Do we have a date on this, like April second 32 00:01:34,560 --> 00:01:37,440 Speaker 2: for terrace is or a date where we get clarity 33 00:01:37,520 --> 00:01:40,160 Speaker 2: on the uncertainty of Tesla? I don't think so, I don't. 34 00:01:41,319 --> 00:01:43,679 Speaker 5: I don't see how long he keeps a high profile 35 00:01:44,040 --> 00:01:44,559 Speaker 5: in the government. 36 00:01:44,640 --> 00:01:45,560 Speaker 2: I guess next. 37 00:01:45,920 --> 00:01:49,120 Speaker 3: Okay, Trump Media Technology plan to work with Crypto dot Com. 38 00:01:49,160 --> 00:01:51,840 Speaker 3: They want to launch ETF's shares have been about just 39 00:01:51,920 --> 00:01:55,200 Speaker 3: ten percent. Okay, So here's how it works if you plan. 40 00:01:55,360 --> 00:01:58,520 Speaker 3: They plan to offer made in America investments, including ETFs 41 00:01:58,520 --> 00:02:01,000 Speaker 3: that are tied to digital assets. This is on a 42 00:02:01,000 --> 00:02:04,520 Speaker 3: platform that's owned by Crypto dot Com and the products 43 00:02:04,560 --> 00:02:07,480 Speaker 3: are going to be available this year US, Europe, Asia, 44 00:02:08,000 --> 00:02:12,239 Speaker 3: pending of course regulatory approval as always, but it'll include Kronos, 45 00:02:12,280 --> 00:02:15,680 Speaker 3: which is a virtually a virtual currency affiliated. 46 00:02:15,160 --> 00:02:16,280 Speaker 4: With Crypto dot com. 47 00:02:16,600 --> 00:02:19,520 Speaker 3: But the interesting thing about this, what I find is 48 00:02:19,520 --> 00:02:22,400 Speaker 3: that Crypto dot Com was in this legal battle with 49 00:02:22,560 --> 00:02:25,880 Speaker 3: US regulators last year, but it dropped the complaint after 50 00:02:25,919 --> 00:02:28,400 Speaker 3: Trump's election victory. So that's what I find that points 51 00:02:28,400 --> 00:02:31,400 Speaker 3: out interesting. But he's the largest shareholder, President Trump. 52 00:02:31,480 --> 00:02:33,640 Speaker 5: You have Trump Media Technology is up nine percent pre 53 00:02:33,720 --> 00:02:36,239 Speaker 5: market trading down thirty eight percent year to date, down 54 00:02:36,280 --> 00:02:38,600 Speaker 5: fifty eight percent over the trailing twelve months. So that's 55 00:02:38,639 --> 00:02:40,040 Speaker 5: another volatile sock. 56 00:02:40,280 --> 00:02:42,120 Speaker 4: You got one more, and I do. It's an interesting 57 00:02:42,160 --> 00:02:46,520 Speaker 4: look on the housing market. Yeah, three more. My last 58 00:02:46,520 --> 00:02:46,919 Speaker 4: one for you. 59 00:02:47,040 --> 00:02:51,239 Speaker 3: KB Home disappointing first quarter results cut its forecast. Shares 60 00:02:51,280 --> 00:02:53,280 Speaker 3: have been down as much as eight percent this morning. 61 00:02:53,600 --> 00:02:55,720 Speaker 3: It said the spring housing market, it's been a little. 62 00:02:55,560 --> 00:02:56,680 Speaker 4: Bit slower than usual. 63 00:02:57,560 --> 00:03:00,560 Speaker 3: A few things they pointed to the consumer working through 64 00:03:00,600 --> 00:03:04,799 Speaker 3: affordability concerns. Also, here's the word uncertainties. Yes, we've heard 65 00:03:04,840 --> 00:03:09,440 Speaker 3: that a lot macroeconomic, geopolitical issues and it's all causing 66 00:03:09,440 --> 00:03:12,360 Speaker 3: the consumer to put off buying a homes. But there 67 00:03:12,360 --> 00:03:14,400 Speaker 3: were a couple of bright spots. They did say the 68 00:03:14,440 --> 00:03:17,560 Speaker 3: company is making some adjustments to provide some better value, 69 00:03:18,480 --> 00:03:20,679 Speaker 3: improving sales exactly. 70 00:03:21,880 --> 00:03:26,720 Speaker 2: I get the whatever city the Redfin feed, and everybody's lowering, 71 00:03:26,800 --> 00:03:29,320 Speaker 2: am I right? A lot of houses they're lowering the prices. 72 00:03:29,520 --> 00:03:32,079 Speaker 4: It depends on exactly where Like. 73 00:03:32,639 --> 00:03:35,600 Speaker 5: Sell in my neighborhood, house goes on for sale, it's 74 00:03:35,640 --> 00:03:36,880 Speaker 5: gone in fifteen. 75 00:03:36,560 --> 00:03:39,600 Speaker 3: Correct, Correct, me too. Up in New Jersey it's gone 76 00:03:39,680 --> 00:03:41,960 Speaker 3: like this overpriced. But if you move a little bit 77 00:03:42,000 --> 00:03:45,720 Speaker 3: further away, I mean, then that's where you can have 78 00:03:44,520 --> 00:03:46,240 Speaker 3: some wiggles. 79 00:03:46,400 --> 00:03:47,680 Speaker 2: That's through the Delaware Gap. 80 00:03:48,040 --> 00:03:53,280 Speaker 5: Correct, Daniel Boone gone across the Delaware water. 81 00:03:55,000 --> 00:03:59,120 Speaker 1: The Stock Movers podcast from Bloomberg Radio. Check back with 82 00:03:59,200 --> 00:04:01,960 Speaker 1: us throughout the day for the latest roundup of companies 83 00:04:02,000 --> 00:04:05,080 Speaker 1: making news on Wall Street and for the latest market 84 00:04:05,080 --> 00:04:09,480 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 85 00:04:09,520 --> 00:04:12,760 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 86 00:04:12,840 --> 00:04:14,280 Speaker 1: the Bloomberg Business app.