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

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

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

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Speaker 3: Waited Stock Movers.

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Speaker 1: It's a podcast. Here's Lisa Manteo.

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Speaker 3: Okay, I want to start with Tesla.

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Speaker 4: We've been talking about it cheers down as much as

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Speaker 4: six percent before the bill. President Trump, Elon Musk, they

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Speaker 4: renewed their feud over his tax and spending bill. So

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Speaker 4: if you're keeping score, here's how it goes. Okay, So

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Speaker 4: Musk criticized the package. He didn't like the cuts to

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Speaker 4: ev clean energy credits. He even threatened to target nearly

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Speaker 4: every sitting Republican in Congress who has showed support for

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Speaker 4: the bill. And then the President turned around it. He

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Speaker 4: threatened a review of the government funding that must companies

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Speaker 4: have received, even saying that Dode should take a look

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Speaker 4: at it.

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Speaker 3: Boy, the place where Elon Musk used to sit.

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Speaker 4: Over the latest jab that we just heard most recently,

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Speaker 4: the President was askeid he would ever deport Musk, and

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Speaker 4: he said he has to take a look at it.

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Speaker 3: So in the end, investors, the one who is suffering.

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Speaker 4: Now its shares Yes, have been down as much as

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Speaker 4: six percent before the bell, So it's on going.

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Speaker 5: Always tough to be a investor, said it from day one.

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Speaker 5: The volatility in this name is just extraordinary.

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Speaker 1: Those six percent say yes.

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Speaker 5: Before its twenty one percent this year, so before today.

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Speaker 4: So yep, okay, it's mess today. Okay, we'll go to Robinhood.

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Speaker 4: That's ticker Hood. Its shares have been up as much

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Speaker 4: as three percent, but they sarved about thirteen percent yesterday.

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Speaker 3: Basically, it launched this.

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Speaker 4: New cryptocurrency service designed to make it a hub for

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Speaker 4: digital assets. So it's making tokenized US securities available to

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Speaker 4: about one hundred and fifty thousand customers, thirty countries, twenty

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Speaker 4: four hours a day, five days a week, whenever you

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Speaker 4: want it the specific So Robinhoon is going to own

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Speaker 4: the shares back in the tokens and the token holders.

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Speaker 4: They are going to have the most benefits of the security,

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Speaker 4: including dividends, but voting rights. That's where they draw the line.

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Speaker 4: They won't be initially supported. But it's CEO is telling

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Speaker 4: Bloomberg it said the future crypto traditional financial services, they're

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Speaker 4: going to fully merge.

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Speaker 1: You're talking to Katie Greifeld and ye to Gary Gensler.

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Speaker 1: Great to have the former chairman of CC in with

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Speaker 1: some piercing answers there. I want, does it does it

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Speaker 1: diminish criminal activity? I don't know.

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Speaker 5: I don't know. The Robinhood stock up one hundred and

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Speaker 5: fifty percent this year, up three hundred percent over the

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Speaker 5: trailing twelve months. The market likes what they're here in

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Speaker 5: there and that's for sure.

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Speaker 1: Wow.

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Speaker 3: Yeah, Well we'll go to wolf Speed.

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Speaker 4: Ticker wolf The reason why I'm picking this says shares

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Speaker 4: of serves as much as ninety five percent. But I

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Speaker 4: file for bankruptcy. I mean, it's trying to implement a

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Speaker 4: credit back plan to cut its four point.

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Speaker 3: Six billion dollar debt.

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Speaker 4: It's one of the largest bankruptcy so far this year,

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Speaker 4: and they expect to emerge out of bankrupcy by the

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Speaker 4: end of the third quarter. But I mean, yeah, the

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Speaker 4: signs were there. I mean they announced changes to the

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Speaker 4: management team. They said they hired advisors to help it

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Speaker 4: dress the debt load.

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Speaker 3: Short sellers have piled.

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Speaker 4: Into wolf Speed this year. And yes, it's a chip maker.

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Speaker 4: And if you remember back, they did receive a seven

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Speaker 4: hundred and fifty million dollars award from the federal government

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Speaker 4: last year under that Chips Act. So now it looks

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Speaker 4: like they're falling SWINGERPTCY.

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Speaker 1: July one, June one, May one, basically eighty five or

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Speaker 1: ninety days ago. The world is coming to an end yep,

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Speaker 1: and now we're best Robinhood selected stock sentals.

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Speaker 5: But the S and P, I mean everything bounced back

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Speaker 5: other than the US dollar, which we've talked about this morning. Yeah, yeah,

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Speaker 5: So there you go.

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Speaker 3: Absolutely amazing sweet Green.

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Speaker 4: Oh yes, I got to squeeze one more because this

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Speaker 4: is Tom's favorite salad change.

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Speaker 3: It's sweet Green. Ticker. SG shares are.

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Speaker 4: Down three percent basically td cow and dowgrades from whole

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Speaker 4: to buy. So they say that they're urban footprint that's

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Speaker 4: going to be under a pressure.

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

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Speaker 2: us throughout today for the latest roundup of companies making

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Speaker 2: news on Wall Street and for the latest market moving headlines.

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