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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: Well, a look at some of the stocks that are moving.

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Speaker 3: Look under the hood right now. We're joined by Bailey Lipschutz,

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Speaker 3: the equity reporter for Bloomberg News. At the intersection of

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Speaker 3: China and chips, we find well, Texas Instruments.

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Speaker 1: Yeah, Chips calculators. As Emily made the point, they do

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Speaker 1: you thing stock right now under the ticker TX and

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Speaker 1: worst performing the S and P five hundred. This comes

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Speaker 1: and I'm going to use a surveillance word, a little

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Speaker 1: bit of bifurcation of the semiconductors index. We're seeing Broadcom

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Speaker 1: trading higher, as is ASML and Nvidia. But the reason

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Speaker 1: that Texas Instrument along with Intel are under so much

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Speaker 1: pressure is because of the new Chinese tariffs targeting semiconductor import.

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Speaker 1: So Beijing raising tariffs in all US goods. US manufacturers,

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Speaker 1: Intel and Texas Instrument are down because of that.

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Speaker 3: How much in terms of chips do we sell? Does

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Speaker 3: the US sell to China? And why don't they just

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Speaker 3: make their own.

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Speaker 1: I mean you're asking. You're asking the real questions you

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Speaker 1: should be asking. But I think that goes back to

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Speaker 1: the whole argument about a lot of the trade war

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Speaker 1: details of who imports what and who exports other things.

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Speaker 2: That's right.

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Speaker 1: I mean again, I just think of calculators. But I

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Speaker 1: guess this is all based on the trade war, not

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Speaker 1: about calculator demand. No, not about not at least not today.

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Speaker 1: But sentiment is definitely getting dang. Even though the S

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Speaker 1: and P five hundred.

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Speaker 3: You have a calculator, I have people to do that

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Speaker 3: for me.

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Speaker 2: Well I used to do.

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Speaker 1: I would always use a Texas instrument calcula. Yeah, they

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Speaker 1: didn't have those S A T. What did you use?

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Speaker 3: We heard you pull the handle on it?

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Speaker 1: What else are you watching? Will you stick on the

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Speaker 1: on the trade that maybe caters to an older generation

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Speaker 1: gold ripping? So Newmont up right now up more than

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Speaker 1: six and a half percent tick or any best performer

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Speaker 1: on the SNB five hundred. Opposite side of that, when

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Speaker 1: people are getting anxious, they flock to precious metals, they

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Speaker 1: flocked to gold, they flock to commodities, So Newmont rallying

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Speaker 1: because of that. Also, the company did get an upgrade

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Speaker 1: from ubs hiking their price target to sixty bucks from

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Speaker 1: fifty to the stock right now treading at fifty four forty,

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Speaker 1: basically saying long run company has a way to go

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Speaker 1: to reestablish their track record and credibility. But basically gold

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Speaker 1: coas are rallying and the backdrop for Macro is better

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Speaker 1: for the companies.

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Speaker 3: Are you going to like get a pick and a

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Speaker 3: shovel and go up to the Yukon at some point

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Speaker 3: debating it?

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Speaker 1: You know, I'm from California, so maybe I should go

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Speaker 1: back to the West coast.

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Speaker 3: Treat it like Sutter's Mill anywhere near there.

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Speaker 1: I don't even know where that is. You're using geography, man,

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Speaker 1: you're exposing the sausade.

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Speaker 3: Oh never mind, Emily, what's the next stock you're looking at?

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Speaker 1: One of the underperformers in the banking space, Walls Fargo

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Speaker 1: right now down four percent ticker WFC. Big earning season

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Speaker 1: for banks, but obviously the big focus is on what

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Speaker 1: the future holds for these companies. The one thing that

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Speaker 1: did stand out though for Walls Fargo obviously a bit

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Speaker 1: different of a business relative to JP Morgan and Morgan Stanley,

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Speaker 1: they actually got digged by a number of analysts flagging

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Speaker 1: lower net interest income and non interest income, so basically

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Speaker 1: saying that those were the net interest income was lighter

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Speaker 1: in there no reserves built, according to HSBC analysts and others,

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Speaker 1: basically saying that weaker revenues were hitting the company. But again,

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Speaker 1: we are in such a macro market that these moves

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Speaker 1: can reverse pretty quickly.

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

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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