1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,560 --> 00:00:19,439 Speaker 3: I'm Jim Statoveek along with Carol Masser. Let's take a 5 00:00:19,480 --> 00:00:21,000 Speaker 3: look at some stocks on the move today. We are 6 00:00:21,040 --> 00:00:25,680 Speaker 3: joined by Bloomberg News. I almost said cross asset reporter. 7 00:00:25,880 --> 00:00:29,040 Speaker 4: I saw it on your paper. She is not. I'm 8 00:00:29,080 --> 00:00:30,040 Speaker 4: a credit reporter. 9 00:00:29,800 --> 00:00:31,240 Speaker 1: Now, Bloomberg News credit reporter. 10 00:00:31,480 --> 00:00:33,000 Speaker 4: It's we can still do markets. 11 00:00:33,360 --> 00:00:36,800 Speaker 3: Bloomberg News credit reporter. Emik Grafeo, congratulations on the new 12 00:00:37,040 --> 00:00:37,440 Speaker 3: ish role. 13 00:00:37,640 --> 00:00:38,080 Speaker 2: Thank you. 14 00:00:39,440 --> 00:00:40,320 Speaker 1: Where do you want to start. 15 00:00:41,400 --> 00:00:45,559 Speaker 4: Let's start with tech stocks. Okay, don't mind us, it's 16 00:00:45,720 --> 00:00:48,320 Speaker 4: a long Yeah, it's in the Today Day. Yeah, okay. 17 00:00:48,440 --> 00:00:50,600 Speaker 5: So you guys were just talking about how we saw 18 00:00:50,640 --> 00:00:53,400 Speaker 5: the trade reverse in the stock market after hours. So 19 00:00:53,440 --> 00:00:57,000 Speaker 5: we have Trump pushing back the deadline for iron to 20 00:00:57,000 --> 00:01:00,480 Speaker 5: strike a deal with the US, So we saw and 21 00:01:00,520 --> 00:01:03,120 Speaker 5: a lot of tech stocks rallying in the postmarket. So 22 00:01:03,200 --> 00:01:06,600 Speaker 5: right now Meta took her Meta is up about three 23 00:01:06,680 --> 00:01:10,160 Speaker 5: tenths of one percent in after hours, but it was 24 00:01:10,240 --> 00:01:14,000 Speaker 5: down about eight percent in the regular trading session. 25 00:01:15,200 --> 00:01:19,000 Speaker 4: It was an overall risk off day for tech stocks. 26 00:01:19,319 --> 00:01:22,160 Speaker 5: There was really no place to hide in the equity market, 27 00:01:22,280 --> 00:01:25,959 Speaker 5: and these megacaps were getting hit the most. Some say 28 00:01:26,080 --> 00:01:28,240 Speaker 5: this was an area that people were going for safety 29 00:01:28,440 --> 00:01:31,320 Speaker 5: and now they're selling off. But it was a bit weird. 30 00:01:31,600 --> 00:01:35,160 Speaker 5: There was some fundamental news, but it was not today, 31 00:01:35,280 --> 00:01:37,160 Speaker 5: It was yesterday earlier. 32 00:01:37,280 --> 00:01:39,720 Speaker 1: Yeah, so it was yesterday when the market was open too. 33 00:01:39,959 --> 00:01:44,959 Speaker 5: Right, so yesterday Meta and and Alphabet as well. They 34 00:01:45,000 --> 00:01:48,320 Speaker 5: were found liable in a social media addiction trial. This 35 00:01:48,480 --> 00:01:53,120 Speaker 5: is just one of potentially many similar trials. For this one, 36 00:01:53,160 --> 00:01:54,960 Speaker 5: they have to pay damages to a twenty year old 37 00:01:54,960 --> 00:01:57,880 Speaker 5: woman who said that her addiction to social media caused 38 00:01:57,880 --> 00:02:02,720 Speaker 5: her mental health struggles. We haven't really seen a lawsuit 39 00:02:02,960 --> 00:02:05,760 Speaker 5: like this before in a result like this, so you 40 00:02:05,800 --> 00:02:08,440 Speaker 5: could point to this as why the stock was down 41 00:02:08,480 --> 00:02:09,160 Speaker 5: so much today. 42 00:02:09,240 --> 00:02:12,000 Speaker 4: But overall very risk off for tech. 43 00:02:12,160 --> 00:02:13,960 Speaker 1: Guess what, Manna, there's going to be more coming. 44 00:02:15,280 --> 00:02:16,720 Speaker 4: That's what we've heard from our legal team. 45 00:02:16,840 --> 00:02:21,040 Speaker 1: Yeah right, is it just exactly just the beginning, But yeah, 46 00:02:21,160 --> 00:02:24,799 Speaker 1: it's it's kind of wacky. Timmyu'ses this product all the time? 47 00:02:24,840 --> 00:02:28,840 Speaker 1: What is it? He does not? I do shampoo though, 48 00:02:30,040 --> 00:02:31,040 Speaker 1: just have to say that, I don't know. 49 00:02:31,240 --> 00:02:31,919 Speaker 4: I know every time. 50 00:02:32,720 --> 00:02:35,480 Speaker 5: Well, they have shampoo, they have other kind of hair 51 00:02:35,520 --> 00:02:36,320 Speaker 5: products as well. 52 00:02:36,440 --> 00:02:38,000 Speaker 4: Yeah, yeah, they have a hairspray. 53 00:02:38,639 --> 00:02:41,160 Speaker 1: For a while they were I mean there's non stop 54 00:02:41,280 --> 00:02:43,440 Speaker 1: talk and it didn't have a debut, and yeah it 55 00:02:43,480 --> 00:02:46,919 Speaker 1: was a back I believe, yeah, way back then, Santa Barbara. 56 00:02:47,120 --> 00:02:49,120 Speaker 5: Well, they had a big day today. The stock was 57 00:02:49,240 --> 00:02:53,320 Speaker 5: up fifty one percent. Take her o l p X. 58 00:02:53,680 --> 00:02:55,919 Speaker 4: It's not it's not a mega cap stock. 59 00:02:55,960 --> 00:03:00,240 Speaker 5: It's right exactly. However, there was some real news to 60 00:03:00,280 --> 00:03:03,240 Speaker 5: tie to this move. They are getting acquired Hankled, their 61 00:03:03,320 --> 00:03:06,560 Speaker 5: German company, entering into a definitive agreement to acquire one 62 00:03:06,639 --> 00:03:10,160 Speaker 5: hundred percent of Oliplex at a premium of fifty five 63 00:03:10,240 --> 00:03:13,079 Speaker 5: percent to Oliplex's last closing price. 64 00:03:13,160 --> 00:03:15,800 Speaker 4: That's a pretty nice look, very big pop. 65 00:03:16,080 --> 00:03:19,480 Speaker 1: Yeah, all right, and let's get to this is a 66 00:03:19,520 --> 00:03:21,200 Speaker 1: story we've been talking about a lot today, but I 67 00:03:21,280 --> 00:03:23,760 Speaker 1: love it. Tell us some about the car rental guys. 68 00:03:23,840 --> 00:03:28,920 Speaker 4: This really caught my eye. Proves how like I don't. 69 00:03:28,760 --> 00:03:31,480 Speaker 5: Know, markets, they just react to the news like you 70 00:03:31,520 --> 00:03:35,480 Speaker 5: wouldn't expect this, Maybe you would. Avis ticker car Car 71 00:03:36,040 --> 00:03:40,480 Speaker 5: was up about seventeen percent. Hertz HTZ was also up 72 00:03:40,480 --> 00:03:45,520 Speaker 5: in the double digits today, And I guess traders thinking 73 00:03:45,640 --> 00:03:49,640 Speaker 5: that with all of the airline snaffoos and long lines, 74 00:03:49,800 --> 00:03:52,600 Speaker 5: people are going to be renting cars, so therefore they 75 00:03:52,640 --> 00:03:56,440 Speaker 5: want to buy car rental companies. We do have a 76 00:03:56,440 --> 00:03:59,080 Speaker 5: story on the Bloomberg today pointing out that traffic to 77 00:03:59,160 --> 00:04:02,440 Speaker 5: Hurts his website jumped about fifteen percent this week as. 78 00:04:02,320 --> 00:04:06,880 Speaker 4: Customers are looking for other ways to get to their destination. O. Yeah, 79 00:04:07,440 --> 00:04:10,119 Speaker 4: I get it. You sai for a long term buy 80 00:04:10,320 --> 00:04:12,520 Speaker 4: maybe not, but for a trade short but maybe they 81 00:04:12,600 --> 00:04:15,080 Speaker 4: have a good quarter or something. Right, it's the result to. 82 00:04:15,000 --> 00:04:16,320 Speaker 3: This, and you know you're not going to do it 83 00:04:16,360 --> 00:04:18,880 Speaker 3: if you're flying from New York to California, But if 84 00:04:18,960 --> 00:04:22,719 Speaker 3: you know you have a short, shorter trip and you're like, okay, well, 85 00:04:22,720 --> 00:04:24,320 Speaker 3: if it's going to take me five hours to get 86 00:04:24,320 --> 00:04:28,280 Speaker 3: through security each way, plus you know one and a 87 00:04:28,320 --> 00:04:32,239 Speaker 3: half two hour flight or whatever, seven hours, eight hours, 88 00:04:32,279 --> 00:04:32,919 Speaker 3: I think I'm. 89 00:04:32,760 --> 00:04:35,000 Speaker 5: Just wishful thinking that this is all going to end 90 00:04:35,120 --> 00:04:38,040 Speaker 5: like tomorrow when I actually have to take a flight. 91 00:04:38,600 --> 00:04:40,440 Speaker 4: But yeah, this might go on for a. 92 00:04:40,360 --> 00:04:42,160 Speaker 1: While, So I hope you're going to be airport tonight. 93 00:04:44,240 --> 00:04:45,679 Speaker 4: I need to be there, like now. 94 00:04:46,960 --> 00:04:51,919 Speaker 1: Okay, we'll let you go. Okay. I think it was 95 00:04:52,040 --> 00:04:53,880 Speaker 1: up a lot this month or something like that. 96 00:04:54,080 --> 00:04:56,720 Speaker 4: Oh yeah, except like forty three this month. It has 97 00:04:56,760 --> 00:05:01,039 Speaker 4: been on a tear time for cars. Okay, it's time 98 00:05:01,080 --> 00:05:02,000 Speaker 4: for cris I Digress. 99 00:05:02,160 --> 00:05:02,920 Speaker 1: I'm Ligerfeo. 100 00:05:03,000 --> 00:05:07,520 Speaker 3: She's at Bloomberg News Credit Reporter. For more conversations like this, 101 00:05:07,720 --> 00:05:10,240 Speaker 3: check out our news Stockmovers podcast. Subscribe for five minute 102 00:05:10,240 --> 00:05:12,800 Speaker 3: episodes and the biggest winners and losers in the stock market. 103 00:05:12,880 --> 00:05:15,760 Speaker 3: Checkout Stockmovers on Apple, Spotify, or anywhere you get your podcast. 104 00:05:16,600 --> 00:05:20,800 Speaker 2: The Stockmover's Report from Bloomberg Radio. 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