1 00:00:02,520 --> 00:00:09,040 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 --> 00:00:17,680 Speaker 2: the stock market, harnessing the power of Bloomberg data. Let's 4 00:00:17,680 --> 00:00:18,960 Speaker 2: take a look at some of the stocks on the 5 00:00:18,960 --> 00:00:19,360 Speaker 2: move today. 6 00:00:19,400 --> 00:00:21,640 Speaker 1: We're joined by Bloomberg's It's Belie Isabet. What are you 7 00:00:21,640 --> 00:00:23,639 Speaker 1: looking at? Automakers, Sharon u As. 8 00:00:23,640 --> 00:00:26,840 Speaker 3: Automakers are down after President Donald Trump hit auto imports 9 00:00:26,880 --> 00:00:29,560 Speaker 3: with a twenty five percent tariff starting next week. 10 00:00:29,640 --> 00:00:30,920 Speaker 1: Peers in Europe are also. 11 00:00:30,720 --> 00:00:33,839 Speaker 3: Declining, and we have analysts saying Ford and General Motors 12 00:00:33,840 --> 00:00:37,000 Speaker 3: are set to see the biggest impact. Stilantas and Tesla, 13 00:00:37,040 --> 00:00:39,199 Speaker 3: they say, are in a better position. So and you 14 00:00:39,240 --> 00:00:41,640 Speaker 3: see that today Ford is edging lower by two percent, 15 00:00:41,880 --> 00:00:46,360 Speaker 3: General Motors also edging lower by nearly seven percent. Stilantis 16 00:00:46,440 --> 00:00:49,800 Speaker 3: is actually just two percent edging down, but Tesla is 17 00:00:49,880 --> 00:00:52,880 Speaker 3: up around seven percent. So why is Tesla edging higher? 18 00:00:52,920 --> 00:00:56,040 Speaker 3: Because Tesla has large factories in California and Texas, so 19 00:00:56,080 --> 00:00:58,080 Speaker 3: they churn out all the cars that it sells in 20 00:00:58,120 --> 00:01:01,320 Speaker 3: the US, so it insulates Tesla larger degree. But still, 21 00:01:01,520 --> 00:01:03,680 Speaker 3: I feel like this sector has been whiplashed by all 22 00:01:03,760 --> 00:01:07,480 Speaker 3: these tire of sen I mean, it's really imagine if 23 00:01:07,520 --> 00:01:09,399 Speaker 3: you buy a car, it'll be tens and thousands more 24 00:01:09,400 --> 00:01:10,120 Speaker 3: expensive than me. 25 00:01:10,240 --> 00:01:11,520 Speaker 2: That's why I bought one last seven. 26 00:01:12,040 --> 00:01:14,800 Speaker 3: This is why I take the subway on the CRV apparently, 27 00:01:14,959 --> 00:01:15,800 Speaker 3: but I also hybrid. 28 00:01:16,200 --> 00:01:18,560 Speaker 1: Okay, look at you for the future? 29 00:01:19,200 --> 00:01:23,440 Speaker 2: Wait, is that interesting how this policy benefits mister musk Okay. 30 00:01:23,280 --> 00:01:25,520 Speaker 3: Yeah, but ubs also that they believe that Tesla and 31 00:01:25,520 --> 00:01:28,000 Speaker 3: Revine could fare better. To your point, Isabelle, as one 32 00:01:28,080 --> 00:01:30,640 Speaker 3: hundred percent of their production is here in the United States, 33 00:01:30,880 --> 00:01:33,480 Speaker 3: and rental cars are edging higher. What else are you 34 00:01:33,560 --> 00:01:34,880 Speaker 3: keeping an eye on outside of autos? 35 00:01:35,000 --> 00:01:35,520 Speaker 1: Game Stop? 36 00:01:35,640 --> 00:01:37,880 Speaker 3: So this is interesting because yesterday it was a different 37 00:01:37,920 --> 00:01:39,800 Speaker 3: thing and today it's different news. But we have shares 38 00:01:40,120 --> 00:01:43,039 Speaker 3: edging down by seven percent today, and it was down 39 00:01:43,080 --> 00:01:45,000 Speaker 3: by as much as twelve percent. That's the biggest intra 40 00:01:45,080 --> 00:01:47,640 Speaker 3: day drops in September eleventh. So we have games Stop 41 00:01:47,680 --> 00:01:50,760 Speaker 3: announcing that it intends to offer one point three billion 42 00:01:50,800 --> 00:01:54,920 Speaker 3: dollars an aggregate principal amount convertible senior notes due in 43 00:01:54,960 --> 00:01:55,639 Speaker 3: twenty thirty. 44 00:01:55,720 --> 00:01:57,240 Speaker 1: That's really a big mouthful. 45 00:01:57,320 --> 00:01:59,920 Speaker 3: We have Wembluish analyst Michael Patcher saying he expects the 46 00:02:00,080 --> 00:02:02,040 Speaker 3: offering to quote fall flat. 47 00:02:02,120 --> 00:02:05,240 Speaker 1: So he for him, he finds it difficult to understand. 48 00:02:04,960 --> 00:02:08,640 Speaker 3: Why any investor would pay more more than twice the 49 00:02:08,680 --> 00:02:11,200 Speaker 3: cash for the value of game Stop to potentially convert 50 00:02:11,240 --> 00:02:14,840 Speaker 3: it into bitcoin. So it's like convoluted trade yep. 51 00:02:15,160 --> 00:02:17,640 Speaker 1: But they're playing on the momentum of the stock man probably. 52 00:02:17,720 --> 00:02:20,440 Speaker 3: And yesterday, remember Game Stops board approved the plant on 53 00:02:20,560 --> 00:02:23,520 Speaker 3: bitcoin as a treasury reserve asset, and yesterday shares were 54 00:02:23,600 --> 00:02:27,160 Speaker 3: edging higher because investors were cheer well, some investors were 55 00:02:27,240 --> 00:02:29,400 Speaker 3: cheering the move, so lots of whiplash there own Game Stop. 56 00:02:29,440 --> 00:02:31,079 Speaker 1: Also, I'm curious with this, is this still sort of 57 00:02:31,160 --> 00:02:34,080 Speaker 1: a meme stock? Is it still reach tail trader territory? I? Yes, 58 00:02:34,120 --> 00:02:36,960 Speaker 1: we got to ask the Bailey Lipschultz, he's our guy 59 00:02:37,000 --> 00:02:39,280 Speaker 1: for that. All right, twenty three meters, what's happening there? 60 00:02:39,400 --> 00:02:41,360 Speaker 3: Shares are jumping as much as one hundred and forty 61 00:02:41,360 --> 00:02:43,640 Speaker 3: seven percent. Now, it paired back some of those games, 62 00:02:43,680 --> 00:02:47,160 Speaker 3: but it's still up a whopping eighty five percent. So basically, 63 00:02:47,200 --> 00:02:50,200 Speaker 3: the company was given permission to sell their customers medical 64 00:02:50,200 --> 00:02:53,040 Speaker 3: and ancestry data. So this is considered the most valuable 65 00:02:53,040 --> 00:02:55,960 Speaker 3: asset in their insolvency case, and now they're the bankrupt 66 00:02:55,960 --> 00:02:58,600 Speaker 3: genetic testing firm, and we have a bankruptcy judge setting 67 00:02:58,600 --> 00:03:01,240 Speaker 3: the deadline of May seven for the netive offers. So 68 00:03:01,280 --> 00:03:03,760 Speaker 3: the sale of sensitive data has spark anxieties all over 69 00:03:03,840 --> 00:03:06,639 Speaker 3: my LinkedIn. I see people saying delete your twenty three 70 00:03:06,680 --> 00:03:09,480 Speaker 3: and me account, et cetera. Yeah. I mean, imagine you 71 00:03:09,880 --> 00:03:11,560 Speaker 3: do this test and you feel like your data is 72 00:03:11,560 --> 00:03:12,680 Speaker 3: going to be safe, and now it's not. 73 00:03:12,800 --> 00:03:14,880 Speaker 1: But it's seminary for the company. I mean, shares are 74 00:03:14,919 --> 00:03:15,800 Speaker 1: really staring. 75 00:03:17,040 --> 00:03:21,160 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 76 00:03:21,240 --> 00:03:24,000 Speaker 2: us throughout the day for the latest roundup of companies 77 00:03:24,040 --> 00:03:27,079 Speaker 2: making news on Wall Street and for the latest market 78 00:03:27,120 --> 00:03:31,520 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 79 00:03:31,520 --> 00:03:34,760 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 80 00:03:34,840 --> 00:03:36,320 Speaker 2: the Bloomberg Business app.