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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: I want to take a look at some of the

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Speaker 3: stocks on the move today. We are joined by Bloomberg's

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Speaker 3: markets reporter Valerie Titel. Now, Valerie, we've been talking about

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Speaker 3: US Steel shares are lower this morning.

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Speaker 4: Tell us more about how much lower.

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Speaker 3: What's causing the drop?

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Speaker 1: Yeah, a lot of red on the screen when it

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Speaker 1: comes to pre market. Let's start with US Steel. As

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Speaker 1: you mentioned, it's down eleven zero point three percent, and

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Speaker 1: this is all due to some comments from the President.

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Speaker 1: Trump said the steelmaker should remain an American company and

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Speaker 1: not to be sold to Japan's Nipon Steel. Now hopes

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Speaker 1: had been riding high for the possible merger after Trump

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Speaker 1: had said last week that his administration would conduct a

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Speaker 1: new review of US Steel's.

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Speaker 4: Combination with Nippon Steel.

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Speaker 1: But Wednesday, the President said that US Steel is a

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Speaker 1: very special company and we don't want it to go

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Speaker 1: to Japan or any other place. So that's US steal

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Speaker 1: on the downside. Down eleven and a quarter percent.

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Speaker 3: Wow, Okay, we talk about Constellation Brands. I mean we're

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Speaker 3: talking beer, wine spirits. What's affecting their shares this morning?

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Speaker 1: So Constellation Brands reported after the bell yesterday the shares

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Speaker 1: are down three and a half percent. The maker of

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Speaker 1: Modello and Corona beers issued a weaker than expected outlook

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Speaker 1: for the fiscal year twenty twenty six, even as its

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Speaker 1: fourth quarter earnings and revenue beat analyst estimates. It noted

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Speaker 1: specifically that the company is facing a twenty five percent

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Speaker 1: tearoff on goods like imported canned beer, which could be

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Speaker 1: extended to other formats, and is struggling with lackluster sales,

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Speaker 1: particularly in its beer division. So on the back foot,

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Speaker 1: Constellation Brands down three and a half percent.

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Speaker 3: All right, and Disney shares they're hired this morning.

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Speaker 1: Oh, they're actually in the red. This is a recent story,

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Speaker 1: down two and a half percent. Lisa China said that

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Speaker 1: it will reduce the number of US films allowed to entry.

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Speaker 4: Enter the country. And this comes a day after Donald

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Speaker 4: Trump been.

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Speaker 1: Post record tariffs on Chinese products.

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Speaker 4: So we have Disney falling in the pre market.

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Speaker 1: While they don't disclose the amount of revenue they actually

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Speaker 1: get directly from China. In their last reporting, it was

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Speaker 1: clear the APAC region is around ten percent of their revenue.

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Speaker 1: So maybe some some pain for Disney on that news

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Speaker 1: that China will reduce the number of US films allowed

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Speaker 1: to enter the country.

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Speaker 3: Well, that is not good valerie, all right. So let's

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Speaker 3: get into certain sectors that have been affected.

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Speaker 4: By all this star with tech stocks. Yeah, so tech

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Speaker 4: stocks are on the back foot.

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Speaker 1: They're seeing declines, mainly because we saw one of the

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Speaker 1: biggest jumps in the Nasdaq on record yesterday. You have

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Speaker 1: the likes of Navidia, AMD, Apple, and Tesla all down

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Speaker 1: three percent or more. Retailers are also giving back some

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Speaker 1: of yesterday's gains. Retailers like Wayfair down three and a

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Speaker 1: half percent and Nike down two point four Wow.

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Speaker 3: So a lot going on, especially with those retail stocks too,

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Speaker 3: still all.

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Speaker 4: In the red.

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Speaker 2: Lisa the Stock Movers podcast from Bloomberg Radio. Check back

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Speaker 2: with us throughout today 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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Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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