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 --> 00:00:16,480 Speaker 2: the stock market, harnessing the power of Bloomberg data. 4 00:00:17,960 --> 00:00:19,840 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:19,880 --> 00:00:23,200 Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel. Starting off 6 00:00:23,200 --> 00:00:27,120 Speaker 3: with a stock that may be moving on social media headlines, 7 00:00:27,560 --> 00:00:28,479 Speaker 3: val Tesla. 8 00:00:28,880 --> 00:00:30,080 Speaker 2: Good morning in the. 9 00:00:30,080 --> 00:00:33,120 Speaker 1: News yet again, Elon Musk and Tesla. Their shares are 10 00:00:33,159 --> 00:00:37,280 Speaker 1: rebounding two percent in pre market trade on some decent volumes. 11 00:00:37,320 --> 00:00:40,479 Speaker 1: That comes after the CEO Elon Musk, posted on x 12 00:00:40,600 --> 00:00:43,479 Speaker 1: just a few hours ago saying that quote, I regret 13 00:00:43,600 --> 00:00:46,199 Speaker 1: some of my posts about President Trump last week. They 14 00:00:46,240 --> 00:00:49,040 Speaker 1: went too far. Maybe it's paving the way for the 15 00:00:49,080 --> 00:00:51,280 Speaker 1: friendship to return. Might be too much of a stretch. 16 00:00:51,320 --> 00:00:53,880 Speaker 1: But whatever, Tesla shares are seeming to like it this morning, 17 00:00:53,960 --> 00:00:54,600 Speaker 1: up two percent. 18 00:00:55,160 --> 00:00:59,640 Speaker 3: Yeah, and they're also waiting for a Robotaxi rollout as 19 00:00:59,680 --> 00:01:02,320 Speaker 3: well for Tesla, so that could be adding to some 20 00:01:02,400 --> 00:01:03,480 Speaker 3: of the positive sentiment. 21 00:01:03,520 --> 00:01:03,760 Speaker 2: There. 22 00:01:03,960 --> 00:01:06,559 Speaker 3: Negative sentiment though, this morning for Lockheed Martin. 23 00:01:06,840 --> 00:01:09,759 Speaker 1: Yeah, that's right. Lockheed Martin ticker LMT is down nearly 24 00:01:09,760 --> 00:01:12,080 Speaker 1: two and a half percent in pre market trade. It 25 00:01:12,160 --> 00:01:15,200 Speaker 1: comes after the Pentagon has cut in half its requests 26 00:01:15,200 --> 00:01:18,280 Speaker 1: for its signature F thirty five's, dealing a blow to Lockeyed, 27 00:01:18,400 --> 00:01:21,399 Speaker 1: the top US defense contractor. The number of F thirty 28 00:01:21,440 --> 00:01:25,280 Speaker 1: fives requested dropped from twenty four from forty eight, so 29 00:01:25,360 --> 00:01:27,600 Speaker 1: cut in half scaling back of the F forty five's 30 00:01:27,600 --> 00:01:30,600 Speaker 1: requests may reflect one way the Pentagon is dealing with 31 00:01:30,880 --> 00:01:34,720 Speaker 1: Defense Secretary Pete hegg Seth's plan to reduce military spending. 32 00:01:35,120 --> 00:01:38,319 Speaker 1: Manned aircraft were not among one of the seventeen areas 33 00:01:38,480 --> 00:01:41,720 Speaker 1: that heg Seth protected from cuts back in February, but 34 00:01:41,760 --> 00:01:44,640 Speaker 1: one area that he did safeguard was the air Force 35 00:01:44,840 --> 00:01:48,240 Speaker 1: newest drone program. And to that note, we have shares 36 00:01:48,280 --> 00:01:52,240 Speaker 1: of Ouster jumping twenty seven percent after the Department of 37 00:01:52,520 --> 00:01:56,040 Speaker 1: Defense gave it some approval for unmanned drone aircraft. So 38 00:01:56,080 --> 00:01:59,680 Speaker 1: some winners and losers to the defense Department of Defense 39 00:01:59,680 --> 00:02:00,800 Speaker 1: pulling back on spending. 40 00:02:01,120 --> 00:02:04,600 Speaker 3: Oh wow, Okay, so we saw some headlines about how 41 00:02:04,680 --> 00:02:09,240 Speaker 3: General Motors could be trying to get around tariffs. How's 42 00:02:09,360 --> 00:02:10,919 Speaker 3: General Motors doing this morning? 43 00:02:11,160 --> 00:02:13,400 Speaker 1: GM is outperforming, not by that much. It's up by 44 00:02:13,480 --> 00:02:15,760 Speaker 1: less than one percent, up by three fourths of a 45 00:02:15,840 --> 00:02:20,639 Speaker 1: percent on a plan production shift to the US from Mexico. 46 00:02:20,760 --> 00:02:23,919 Speaker 1: GM plans to invest around four billion dollars in its 47 00:02:24,040 --> 00:02:27,560 Speaker 1: US plants over the next two years to boost output 48 00:02:27,720 --> 00:02:30,920 Speaker 1: of some of its top selling gas powered vehicles. This 49 00:02:31,000 --> 00:02:33,639 Speaker 1: comes as the company works to manage President Donald Trump's 50 00:02:33,639 --> 00:02:38,000 Speaker 1: tariffs on Mexico. Plants in Michigan, Kansas, and Tennessee will 51 00:02:38,040 --> 00:02:42,000 Speaker 1: expand finished vehicle production. Moving this capacity from Mexico into 52 00:02:42,000 --> 00:02:45,160 Speaker 1: the US, GM plans to add between three thousand and 53 00:02:45,160 --> 00:02:48,000 Speaker 1: four thousand US jobs, and the shift marks one of 54 00:02:48,000 --> 00:02:51,040 Speaker 1: the biggest pivots yet by an automaker in response to 55 00:02:51,080 --> 00:02:54,800 Speaker 1: Trump's tariffs. It's GM up nearly one percent this morning. 56 00:02:54,800 --> 00:02:57,440 Speaker 3: And finally, Valerie, it looks like this could be the 57 00:02:57,480 --> 00:02:59,799 Speaker 3: morning to be an investor in quantum computing. 58 00:03:00,280 --> 00:03:03,240 Speaker 1: Yeah, quantum computing stocks have been given a boost by 59 00:03:03,320 --> 00:03:06,359 Speaker 1: some comments from the Navidia CEO. You have the likes 60 00:03:06,360 --> 00:03:10,320 Speaker 1: of quantum computing up almost eight percent, S'ghetti Computing, ion 61 00:03:10,440 --> 00:03:13,640 Speaker 1: Q up around four percent. Justin Huang had said in 62 00:03:13,720 --> 00:03:17,000 Speaker 1: a conference at Paris that quantum computing is reaching an 63 00:03:17,000 --> 00:03:19,880 Speaker 1: inflection point. It is quite a bullish shift for the 64 00:03:20,280 --> 00:03:24,760 Speaker 1: Navidia CEO, who previously said that quantum computing technology was 65 00:03:24,800 --> 00:03:28,120 Speaker 1: ten to twenty years away from being useful, so that 66 00:03:28,200 --> 00:03:31,720 Speaker 1: sector having a bit of rebound on Jenson Chuang's bullish comments. 67 00:03:33,160 --> 00:03:37,280 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 68 00:03:37,360 --> 00:03:40,440 Speaker 2: us throughout today for the latest roundup of companies making 69 00:03:40,520 --> 00:03:44,120 Speaker 2: news on Wall Street and for the latest market moving headlines. 70 00:03:44,240 --> 00:03:48,160 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 71 00:03:48,240 --> 00:03:51,040 Speaker 2: dot com, and on Applecarplay and Android Auto with the 72 00:03:51,040 --> 00:03:52,440 Speaker 2: Bloomberg Business app.