1 00:00:02,520 --> 00:00:08,800 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 --> 00:00:17,520 Speaker 2: the stock market, harnessing the power of Bloomberg data. Let's 4 00:00:17,560 --> 00:00:18,799 Speaker 2: take a look at some of the stocks on the 5 00:00:18,840 --> 00:00:19,360 Speaker 2: move today. 6 00:00:19,560 --> 00:00:22,000 Speaker 1: I'm Paul Swinging along with John Tucker and returned by 7 00:00:22,280 --> 00:00:25,040 Speaker 1: Bloomberg Christina Keno. Christine, what are you looking at? Well, Paul, 8 00:00:25,120 --> 00:00:27,960 Speaker 1: have to look at airlines right and United Airlines to 9 00:00:28,000 --> 00:00:32,000 Speaker 1: create you al among the biggest decliners today. Those shares 10 00:00:32,080 --> 00:00:34,720 Speaker 1: down more than four percent, coming up to five percent 11 00:00:34,760 --> 00:00:37,600 Speaker 1: now four point eight percent currently, and they're also down 12 00:00:37,800 --> 00:00:40,479 Speaker 1: more than twelve percent this week. That is set for 13 00:00:40,560 --> 00:00:44,080 Speaker 1: the biggest weekly decline since early April. Remember what happened 14 00:00:44,120 --> 00:00:47,480 Speaker 1: in early April. I eats something about a trade war, 15 00:00:47,720 --> 00:00:50,760 Speaker 1: but yes, and so you know, we've also seen inflation 16 00:00:50,880 --> 00:00:53,959 Speaker 1: data this week not voting well. Four airline fares those 17 00:00:54,000 --> 00:00:56,440 Speaker 1: fell two point seven percent in May. That's the fourth 18 00:00:56,480 --> 00:00:59,640 Speaker 1: straight month of declines. And so you know, things really 19 00:00:59,680 --> 00:01:02,400 Speaker 1: not like good for the airline sector. Once I've relying 20 00:01:02,440 --> 00:01:05,360 Speaker 1: you though, Bloomery Intelligence analyst is pointing out that while 21 00:01:05,440 --> 00:01:07,520 Speaker 1: major US airlines are below d S and P five 22 00:01:07,520 --> 00:01:10,280 Speaker 1: founded this year. United is among the leaders in that 23 00:01:10,360 --> 00:01:12,560 Speaker 1: sector because of its premium demand model. 24 00:01:12,680 --> 00:01:14,840 Speaker 3: Think of what just happened. We have a Mid East war, 25 00:01:15,000 --> 00:01:18,880 Speaker 3: flight restrictions over certain areas, and air crash and this 26 00:01:19,080 --> 00:01:22,880 Speaker 3: surge in oil right now, Yeah, that's a triple whammy. 27 00:01:23,000 --> 00:01:24,959 Speaker 1: I wouldn't blame you if you decide to go on 28 00:01:24,959 --> 00:01:29,240 Speaker 1: a road trip instead of flying this summer. Diamondback, diamondback again, 29 00:01:29,520 --> 00:01:33,440 Speaker 1: oil right definitely one of the beneficiaries. Ticker FA and 30 00:01:33,640 --> 00:01:36,880 Speaker 1: G diamondbackshares up nearly four percent at the moment for 31 00:01:36,920 --> 00:01:39,560 Speaker 1: a six straight day, which is the longest streak since 32 00:01:39,680 --> 00:01:42,559 Speaker 1: late March. Now, Bloomery Intelligence analyst is saying, of course 33 00:01:42,600 --> 00:01:47,319 Speaker 1: that in general, the strikes by Israel against Iran really 34 00:01:47,360 --> 00:01:49,840 Speaker 1: puts the focus back on a long term risk premium 35 00:01:49,880 --> 00:01:52,880 Speaker 1: for oil, benefiting a lot of these oil companies, and 36 00:01:52,960 --> 00:01:55,840 Speaker 1: away from demand concerns due to global trade tensions. 37 00:01:56,000 --> 00:01:57,120 Speaker 2: All right, how that real quickly? 38 00:01:57,160 --> 00:02:00,440 Speaker 1: On Adobe Adobe ticker ADBE that is, the found more 39 00:02:00,480 --> 00:02:03,120 Speaker 1: than six percent at the moment, second quarter results beating 40 00:02:03,280 --> 00:02:07,040 Speaker 1: estimates and even raises full your forecasts, but analysts remain 41 00:02:07,080 --> 00:02:11,000 Speaker 1: concerned over its AI business. Bloomer Intelligence notes that its 42 00:02:11,320 --> 00:02:15,240 Speaker 1: stickiness lies in creative and demand products. But then Jeffrey's 43 00:02:15,240 --> 00:02:18,000 Speaker 1: points out that it may not be showing enough progress 44 00:02:18,000 --> 00:02:20,440 Speaker 1: on the aifront abuse the Bears. 45 00:02:21,080 --> 00:02:25,200 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 46 00:02:25,280 --> 00:02:28,040 Speaker 2: us throughout the day for the latest roundup of companies 47 00:02:28,080 --> 00:02:31,120 Speaker 2: making news on Wall Street and for the latest market 48 00:02:31,160 --> 00:02:35,520 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 49 00:02:35,560 --> 00:02:38,800 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 50 00:02:38,880 --> 00:02:40,360 Speaker 2: the Bloomberg Business app.