1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,640 --> 00:00:13,040 Speaker 2: The Stock Movers podcast, your roundup of companies making moves 3 00:00:13,080 --> 00:00:17,120 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:17,440 --> 00:00:19,880 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:19,880 --> 00:00:22,400 Speaker 3: We're joined by Bloomberg's Isabel Lee. Isabelle, what are you 6 00:00:22,440 --> 00:00:22,840 Speaker 3: looking at? 7 00:00:23,200 --> 00:00:26,400 Speaker 1: Verizon? So shares are kind of flat, but Verizon reported 8 00:00:26,480 --> 00:00:30,000 Speaker 1: a larger than expected decline in mobile phone subscribers. That's 9 00:00:30,080 --> 00:00:32,240 Speaker 1: much more than analysts we're expecting. So this is the 10 00:00:32,320 --> 00:00:35,199 Speaker 1: result of heavy competition and of course less spending by 11 00:00:35,200 --> 00:00:38,800 Speaker 1: federal agencies as the Trump administration really moves to slash 12 00:00:38,840 --> 00:00:41,080 Speaker 1: those jobs. And this is a big deal because Verizon 13 00:00:41,120 --> 00:00:44,440 Speaker 1: is the largest US wireless provider. It's also a significant 14 00:00:44,479 --> 00:00:47,360 Speaker 1: reversal from the previous quarter when they reported more than 15 00:00:47,400 --> 00:00:51,400 Speaker 1: half a subscribe half a million subscribers added. So in general, 16 00:00:51,520 --> 00:00:53,680 Speaker 1: we know that Verizon AT and T and T Mobile 17 00:00:53,680 --> 00:00:56,200 Speaker 1: are really locked in this tight race. For example, last 18 00:00:56,240 --> 00:01:00,000 Speaker 1: Christmas holiday, Verizon ended at seasonal promotions, but its rivals didn't. 19 00:01:00,080 --> 00:01:03,000 Speaker 1: And also customers are keeping their phones longer, like I've 20 00:01:03,000 --> 00:01:05,080 Speaker 1: owned my phone for years now. 21 00:01:05,400 --> 00:01:09,240 Speaker 3: Oh yeah, Paul had like an iPhone yeah, ten, it 22 00:01:09,240 --> 00:01:10,920 Speaker 3: wasn't that bad. It was like an ipon ten for 23 00:01:11,080 --> 00:01:14,200 Speaker 3: very very long, long long time. Also, taking a look 24 00:01:14,240 --> 00:01:16,160 Speaker 3: at three AM, I love this company because they make 25 00:01:16,240 --> 00:01:19,280 Speaker 3: literally everything. Their big jam is this the adhesives, right, 26 00:01:19,319 --> 00:01:21,560 Speaker 3: but you can put the adhesives on anything like posters 27 00:01:21,600 --> 00:01:23,000 Speaker 3: to stuff you use in planes. 28 00:01:23,240 --> 00:01:25,680 Speaker 1: What did they say? I do love three AM. Also 29 00:01:25,880 --> 00:01:27,839 Speaker 1: my tape at home is three AM and it's also 30 00:01:27,880 --> 00:01:30,680 Speaker 1: considered an economic bell weather because it's portfolio of really 31 00:01:30,760 --> 00:01:34,000 Speaker 1: just a thousand of consumers and multiple industrial products give 32 00:01:34,000 --> 00:01:36,160 Speaker 1: it a broad exposure to the economy. So for today, 33 00:01:36,319 --> 00:01:38,600 Speaker 1: shares are edging higher nearly eight percent. We have a 34 00:01:38,720 --> 00:01:41,679 Speaker 1: three AM standing by its full year guidance, but it 35 00:01:41,760 --> 00:01:44,759 Speaker 1: did also acknowledge the risks of the unfolding trade war, 36 00:01:44,840 --> 00:01:46,960 Speaker 1: so the company said tariffs will have a negative impact 37 00:01:47,120 --> 00:01:49,080 Speaker 1: of as much as forty cents a share on full 38 00:01:49,160 --> 00:01:51,280 Speaker 1: year earning. But still I think it's the outlook that 39 00:01:51,360 --> 00:01:54,760 Speaker 1: really are boosting investors. So the company also this is important. 40 00:01:54,760 --> 00:01:57,000 Speaker 1: The arrives around eleven percent of its sales in China, 41 00:01:57,320 --> 00:01:59,800 Speaker 1: and we know that the Trumped administration has imposed blanket 42 00:01:59,800 --> 00:02:02,120 Speaker 1: tarre of one hundred percent, so it's really interesting to 43 00:02:02,160 --> 00:02:03,720 Speaker 1: see how that will play out, but I think it's 44 00:02:03,800 --> 00:02:06,400 Speaker 1: the positive outlook that's boiling the stock. 45 00:02:06,280 --> 00:02:08,120 Speaker 3: And a better tape too. They also decay that they're 46 00:02:08,120 --> 00:02:10,320 Speaker 3: looking for some product shifts could be possible, or looking 47 00:02:10,360 --> 00:02:13,040 Speaker 3: at customer surcharges as well. And we can't let you 48 00:02:13,080 --> 00:02:15,200 Speaker 3: go on that talk in Tesla what to expect after 49 00:02:15,200 --> 00:02:15,799 Speaker 3: the bell today? 50 00:02:15,960 --> 00:02:18,639 Speaker 1: It's earning stay today and investors are really looking at 51 00:02:18,639 --> 00:02:21,280 Speaker 1: this stock once again and looking to Elon Musks for 52 00:02:21,720 --> 00:02:24,000 Speaker 1: any excitement that he may inject back in the company. 53 00:02:24,040 --> 00:02:26,400 Speaker 1: We know that the one of the biggest notable Tesla 54 00:02:26,440 --> 00:02:29,480 Speaker 1: bulls have called the Tesla stock a quode red moment, 55 00:02:30,480 --> 00:02:33,560 Speaker 1: and it's really interesting because Tesla had allows you start 56 00:02:33,600 --> 00:02:35,560 Speaker 1: to the year. As we all know, Elon Musk has 57 00:02:35,600 --> 00:02:38,360 Speaker 1: really engaged himself in a lot of political entanglements and 58 00:02:38,440 --> 00:02:41,120 Speaker 1: a lot of customers have been mad. And we have 59 00:02:41,240 --> 00:02:43,600 Speaker 1: news just today that the treasuries of eight US states 60 00:02:43,639 --> 00:02:45,840 Speaker 1: have written an open letter to Tesla's board of directors 61 00:02:45,840 --> 00:02:49,200 Speaker 1: expressing concern about the direction of the company. But still 62 00:02:49,200 --> 00:02:51,600 Speaker 1: the stock is edging higher. I feel like investors are 63 00:02:51,639 --> 00:02:54,520 Speaker 1: hopeful for where the company we will go. Adjusted EPs 64 00:02:54,560 --> 00:02:57,400 Speaker 1: is at forty four cents. That's the estimate of Bloomberg consensus, 65 00:02:57,480 --> 00:03:00,519 Speaker 1: and EPs is thirty three sents, so we'll see it exciting. 66 00:03:00,520 --> 00:03:01,560 Speaker 1: Whende Bell closes today. 67 00:03:02,639 --> 00:03:06,960 Speaker 2: The Stockmovers podcast from Bloomberg Radio. Check back with us 68 00:03:07,040 --> 00:03:09,959 Speaker 2: throughout the day for the latest roundup of companies making 69 00:03:10,040 --> 00:03:13,600 Speaker 2: news on Wall Street and for the latest market moving headlines. 70 00:03:13,760 --> 00:03:17,639 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 71 00:03:17,720 --> 00:03:20,560 Speaker 2: dot com, and on Applecarplay and Android Auto with the 72 00:03:20,560 --> 00:03:21,919 Speaker 2: Bloomberg Business app.