1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,840 --> 00:00:18,720 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:18,720 --> 00:00:21,480 Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie t Teal. As 6 00:00:21,520 --> 00:00:23,800 Speaker 3: we get the week started with a lot of trade 7 00:00:23,920 --> 00:00:27,160 Speaker 3: positivity this morning, with the US and China sounding like 8 00:00:27,200 --> 00:00:29,000 Speaker 3: they could be getting closer to a deal, and I 9 00:00:29,000 --> 00:00:30,560 Speaker 3: think we could probably talk about it more than a 10 00:00:30,560 --> 00:00:33,000 Speaker 3: few individual stocks that are moving just off the back 11 00:00:33,040 --> 00:00:34,879 Speaker 3: of that news. Valerie, good morning, Yeah. 12 00:00:34,720 --> 00:00:37,640 Speaker 1: That's right. Let's start with Nvidia, feeling a lot of 13 00:00:37,680 --> 00:00:40,560 Speaker 1: the optimism on the back of these US China trade 14 00:00:40,560 --> 00:00:43,800 Speaker 1: talks is outperforming across the mag seven up two and 15 00:00:43,880 --> 00:00:46,520 Speaker 1: a half percent in pre market trade, and that comes 16 00:00:46,520 --> 00:00:48,640 Speaker 1: as the US and China are close to closing this 17 00:00:48,760 --> 00:00:53,360 Speaker 1: trade deal now. While semiconductors weren't directly mentioned, better relations 18 00:00:53,440 --> 00:00:57,120 Speaker 1: between the two could pose for a further breakthrough within 19 00:00:57,160 --> 00:01:00,640 Speaker 1: the tech trade between the two world's largest economies. We 20 00:01:00,640 --> 00:01:03,520 Speaker 1: also want to talk about rare earth miners, Nathan. They 21 00:01:03,520 --> 00:01:06,720 Speaker 1: are on a back foot. MP Materials down five percent, 22 00:01:06,880 --> 00:01:10,800 Speaker 1: Critical Metals down seven point six, USA rare Earth down 23 00:01:10,880 --> 00:01:12,920 Speaker 1: five point six, And this is on the back of 24 00:01:13,120 --> 00:01:17,800 Speaker 1: US Treasury Secretary Scott Bessant teasing that a pliminary consensus 25 00:01:17,840 --> 00:01:20,720 Speaker 1: has been reached and includes a delay of China's rare 26 00:01:20,760 --> 00:01:22,520 Speaker 1: earth export controls by one year. 27 00:01:23,120 --> 00:01:25,880 Speaker 3: Of course, it is a Monday, so we've got some 28 00:01:25,920 --> 00:01:29,240 Speaker 3: deal news this morning, and one stock in particular is 29 00:01:29,560 --> 00:01:31,640 Speaker 3: soaring on some deal news. 30 00:01:32,040 --> 00:01:36,119 Speaker 1: Yeah, that's Avidity Biosciences, up forty four percent in pre 31 00:01:36,240 --> 00:01:40,400 Speaker 1: market trade. Novartis has agreed to buy the biopharma company 32 00:01:40,440 --> 00:01:42,960 Speaker 1: for seventy two dollars a share, so we're rising forty 33 00:01:43,000 --> 00:01:46,760 Speaker 1: four percent, up just shy to seventy one dollars a share, 34 00:01:46,800 --> 00:01:50,280 Speaker 1: so right below the acquisition level. It was a twelve 35 00:01:50,360 --> 00:01:55,400 Speaker 1: billion dollar deal for Novartis, the largest acquisition for the 36 00:01:55,440 --> 00:01:58,440 Speaker 1: Swiss pharma giant in over a decade, and it seeks 37 00:01:58,480 --> 00:02:02,760 Speaker 1: to boost its drug pipeline this acquisition. Nathan Avidity has 38 00:02:02,920 --> 00:02:05,720 Speaker 1: experimental drugs focused on rare earth diseases. 39 00:02:06,160 --> 00:02:08,760 Speaker 3: Of course, this is a big week for earnings. Some 40 00:02:08,840 --> 00:02:10,880 Speaker 3: of the biggest companies in the S and P five 41 00:02:10,960 --> 00:02:13,720 Speaker 3: hundred are going to be reporting, but one company that's 42 00:02:13,760 --> 00:02:18,000 Speaker 3: reporting earnings is the biggest decliner this morning, and it 43 00:02:18,120 --> 00:02:20,440 Speaker 3: is well away from the tech story. 44 00:02:21,000 --> 00:02:24,359 Speaker 1: Yeah, this is Carter's, the baby apparel company. Now, while 45 00:02:24,400 --> 00:02:27,080 Speaker 1: we don't normally mention this stock, it is struggling with 46 00:02:27,120 --> 00:02:29,600 Speaker 1: the fallout from tariff, so it is telling us maybe 47 00:02:29,600 --> 00:02:31,320 Speaker 1: a bit of a macro picture of what's going on 48 00:02:31,360 --> 00:02:35,639 Speaker 1: in apparel. Carters is down nearly sixteen percent in pre 49 00:02:35,720 --> 00:02:38,440 Speaker 1: market trade. The company is dependent on imports from high 50 00:02:38,480 --> 00:02:42,640 Speaker 1: tariff countries like Vietnam, Cambodia, Bangladesh. They have suspended their 51 00:02:42,639 --> 00:02:45,919 Speaker 1: full year guidance and said it would reduce its workforce 52 00:02:46,000 --> 00:02:49,000 Speaker 1: by fifteen percent. The company also announced it would close 53 00:02:49,320 --> 00:02:52,440 Speaker 1: fifteen percent of stores in North America, which is up 54 00:02:52,440 --> 00:02:55,920 Speaker 1: from its previous target of closing ten percent, as aims 55 00:02:55,919 --> 00:02:58,359 Speaker 1: to save costs on the back of tariffs. 56 00:02:58,560 --> 00:03:01,200 Speaker 3: And finally, Valerie for anyone who wants to trade off 57 00:03:01,240 --> 00:03:05,119 Speaker 3: the back of the Argentinian election results, looks like there's 58 00:03:05,160 --> 00:03:06,080 Speaker 3: an ETF for that. 59 00:03:06,480 --> 00:03:07,120 Speaker 2: Yes, there is. 60 00:03:07,639 --> 00:03:11,600 Speaker 1: ARGT is a US listed Argentina and e f ETF 61 00:03:11,720 --> 00:03:15,160 Speaker 1: and it is soaring in the pre market, up sixteen percent. 62 00:03:15,280 --> 00:03:18,480 Speaker 1: Some bank stocks that are that also have US ad 63 00:03:18,680 --> 00:03:21,239 Speaker 1: rs are soaring over thirty percent. One of the big 64 00:03:21,280 --> 00:03:25,320 Speaker 1: ones is BBVA Argentina that's up thirty five percent, or 65 00:03:25,320 --> 00:03:28,400 Speaker 1: it's USADRS or up thirty five percent in pre market trade. 66 00:03:28,400 --> 00:03:30,880 Speaker 1: We also have the dollar bond soaring as well. This 67 00:03:30,960 --> 00:03:35,280 Speaker 1: comes after Mela's party one the Argentina midterm vote that 68 00:03:35,760 --> 00:03:39,200 Speaker 1: will give the libertarian leader a strong foothold in government, 69 00:03:39,320 --> 00:03:41,840 Speaker 1: and the results should help ease doubts and whether Argentina 70 00:03:41,920 --> 00:03:45,080 Speaker 1: will continue to receive crucial support from the US. 71 00:03:46,400 --> 00:03:50,440 Speaker 2: The Stock Movers Report from Bloomberg Radio. 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