1 00:00:02,560 --> 00:00:08,840 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,920 --> 00:00:13,159 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,240 --> 00:00:16,520 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,800 --> 00:00:19,920 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:19,960 --> 00:00:24,239 Speaker 3: We are joined by Bloomberg's Valerie Titel. Valerie. Newsmax was 6 00:00:24,440 --> 00:00:28,920 Speaker 3: certainly a stock on the move in the debut yesterday. 7 00:00:29,120 --> 00:00:31,000 Speaker 3: Is it going to be one to watch today? 8 00:00:31,160 --> 00:00:33,839 Speaker 1: Good morning, Hey, good morning, Nathan. Well, it rose as 9 00:00:33,880 --> 00:00:36,560 Speaker 1: much as twenty four percent already in the pre market, 10 00:00:36,600 --> 00:00:39,680 Speaker 1: so it's looking to extend those gains yesterday. It jumped 11 00:00:39,720 --> 00:00:43,720 Speaker 1: seventy sorry, seven hundred and thirty five percent in its 12 00:00:43,720 --> 00:00:47,479 Speaker 1: debut on Monday. This is the conservative leaning media company 13 00:00:47,520 --> 00:00:51,040 Speaker 1: Newsmax that raised seventy five million dollars in its IPO 14 00:00:51,159 --> 00:00:55,360 Speaker 1: offering yesterday. Retail traders, Nathan appeared to be pushing the stock. 15 00:00:55,440 --> 00:00:59,720 Speaker 1: The company was among the most actively traded on Fidelities platform, 16 00:00:59,720 --> 00:01:02,720 Speaker 1: one of the most popular brokerages with retail traders, and 17 00:01:02,760 --> 00:01:05,959 Speaker 1: there's plenty of chatter about it on Reddit. That's Newsmax 18 00:01:06,040 --> 00:01:09,399 Speaker 1: extending those post IPO gains up another nine percent so 19 00:01:09,480 --> 00:01:10,160 Speaker 1: far this morning. 20 00:01:10,400 --> 00:01:13,640 Speaker 3: Now we saw some negative headlines for Johnson and Johnson 21 00:01:13,800 --> 00:01:15,360 Speaker 3: this morning. How's that stock going? 22 00:01:15,760 --> 00:01:18,040 Speaker 1: The stock is in the red. JNJ down three and 23 00:01:18,040 --> 00:01:21,440 Speaker 1: a half percent. This is after an attempt to end 24 00:01:21,560 --> 00:01:26,520 Speaker 1: the TALC claims fails. A federal judge rejected its third 25 00:01:26,560 --> 00:01:30,320 Speaker 1: attempt to end tens of thousands of lawsuits alleging its 26 00:01:30,360 --> 00:01:34,640 Speaker 1: talcum powder products caused ovarian cancer by claiming bankruptcy in 27 00:01:34,680 --> 00:01:37,319 Speaker 1: one of its smaller units. So that was shot down 28 00:01:37,400 --> 00:01:40,840 Speaker 1: by a federal judge. Analyst are saying that this is 29 00:01:40,920 --> 00:01:43,800 Speaker 1: adding to the overhang on the shares given the uncertainty 30 00:01:43,840 --> 00:01:45,760 Speaker 1: now of how J and J will have to deal 31 00:01:46,080 --> 00:01:48,440 Speaker 1: with the claims. It will return to fighting each of 32 00:01:48,480 --> 00:01:51,680 Speaker 1: those TALC cancer claims in court instead. So that's J 33 00:01:51,840 --> 00:01:54,720 Speaker 1: and J on this negative news, down three and a 34 00:01:54,760 --> 00:01:58,640 Speaker 1: half percent now. Tesla is a stock to watch just 35 00:01:58,680 --> 00:02:02,800 Speaker 1: about every day. Hey, what's going on with Tesla this morning? Valque? Well, 36 00:02:02,840 --> 00:02:04,880 Speaker 1: it's in the green, Nathan, which is the good news. 37 00:02:04,920 --> 00:02:08,640 Speaker 1: Tesla up two point three percent in pre market so far. However, 38 00:02:08,800 --> 00:02:11,440 Speaker 1: there was some bad news when it comes to it's 39 00:02:11,480 --> 00:02:15,440 Speaker 1: European sales. Thirty seven percent sales drop in France was 40 00:02:15,480 --> 00:02:18,079 Speaker 1: reported this morning it's been falling for a third month 41 00:02:18,120 --> 00:02:21,160 Speaker 1: in a row. Now, now that's versus an industry wide 42 00:02:21,200 --> 00:02:24,639 Speaker 1: drop of fifteen percent for total industry sales of evs 43 00:02:24,680 --> 00:02:27,680 Speaker 1: in France. The numbers are just suggesting the brand is 44 00:02:27,720 --> 00:02:31,160 Speaker 1: still hurting due to Musk's role as top advisor to 45 00:02:31,240 --> 00:02:34,520 Speaker 1: the US President Donald Trump. It needs to be said, though, Nathan, 46 00:02:34,520 --> 00:02:37,119 Speaker 1: that Europe is not a major market for Tesla. Share 47 00:02:37,200 --> 00:02:40,359 Speaker 1: seemed to be struggling off this news. For now they're 48 00:02:40,360 --> 00:02:42,600 Speaker 1: in the green up two and a quarter percent. There 49 00:02:42,680 --> 00:02:45,520 Speaker 1: was some good news at least in the China market 50 00:02:46,560 --> 00:02:48,200 Speaker 1: due to one of the facts that one of its 51 00:02:48,280 --> 00:02:54,079 Speaker 1: main competitors, Shallmi had a reported driver assistance crash using 52 00:02:54,120 --> 00:02:56,760 Speaker 1: one of their electric vehicles. So the incident could be 53 00:02:56,800 --> 00:02:59,520 Speaker 1: a blow for one of its main competitors. Yaom has 54 00:02:59,520 --> 00:03:03,240 Speaker 1: really had some near instant success in the Chinese EV 55 00:03:03,360 --> 00:03:06,800 Speaker 1: market and perhaps paving the way for Tesla instead to 56 00:03:06,840 --> 00:03:09,800 Speaker 1: hold its ground in that very competitive China EV market. 57 00:03:09,800 --> 00:03:12,880 Speaker 1: That's Tesla in the green up two and a quarter percent. 58 00:03:13,200 --> 00:03:15,800 Speaker 3: Finally, Valerie, we had an executive order from President Trump 59 00:03:15,880 --> 00:03:17,400 Speaker 3: targeting ticket scalpers. 60 00:03:17,440 --> 00:03:20,760 Speaker 1: So let's ask how Live Nation is doing today. Yeah, 61 00:03:20,760 --> 00:03:23,040 Speaker 1: the Live Nation. That's the owner of ticket Master. It's 62 00:03:23,040 --> 00:03:25,360 Speaker 1: in the red this morning, down one and a half percent. 63 00:03:25,440 --> 00:03:28,639 Speaker 1: That was after the President signed an executive order aimed 64 00:03:28,639 --> 00:03:31,880 Speaker 1: at cracking down on ticket scalping and fees that drive 65 00:03:31,960 --> 00:03:35,640 Speaker 1: up costs of attending live events. The order will charge 66 00:03:35,680 --> 00:03:40,080 Speaker 1: the FTC and the DOJ to enforce laws on ticket scalping, 67 00:03:40,080 --> 00:03:42,320 Speaker 1: and yesterday the President signed it at an event in 68 00:03:42,360 --> 00:03:45,520 Speaker 1: the Oval Office alongside pop star Kid Rock, who was 69 00:03:45,560 --> 00:03:49,520 Speaker 1: clad in quite a flamboyant American flag outfit. But ticket 70 00:03:49,560 --> 00:03:52,480 Speaker 1: Master to the downside. That's Live Nation down one and 71 00:03:52,480 --> 00:03:53,160 Speaker 1: a half percent. 72 00:03:54,400 --> 00:03:58,520 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 73 00:03:58,600 --> 00:04:01,360 Speaker 2: us throughout the day for the latest roundup of companies 74 00:04:01,400 --> 00:04:04,480 Speaker 2: making news on Wall Street and for the latest market 75 00:04:04,480 --> 00:04:08,880 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 76 00:04:08,920 --> 00:04:12,160 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 77 00:04:12,240 --> 00:04:13,680 Speaker 2: the Bloomberg Business app.