1 00:00:02,520 --> 00:00:07,360 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 --> 00:00:17,120 Speaker 2: in the stock market, harnessing the power of Bloomberg Data well. 4 00:00:16,960 --> 00:00:19,440 Speaker 3: For the broader market, to some of the individual names 5 00:00:19,480 --> 00:00:21,560 Speaker 3: making big waves in equity space. Today, I want to 6 00:00:21,560 --> 00:00:24,520 Speaker 3: bring in Bloomberg Market's correspondent, Normal Linda. She's here to 7 00:00:24,560 --> 00:00:28,160 Speaker 3: dive into the market action. You're looking at some stocks 8 00:00:28,160 --> 00:00:31,800 Speaker 3: that on the rise due to some kind of relief 9 00:00:32,000 --> 00:00:33,120 Speaker 3: from tariff concerns. 10 00:00:33,320 --> 00:00:35,400 Speaker 4: Absolutely, it's really been a light trading day, given the 11 00:00:35,479 --> 00:00:37,360 Speaker 4: fact that it's a holiday shortened week, but we are 12 00:00:37,400 --> 00:00:40,640 Speaker 4: seeing some of the individual movers really focus in the 13 00:00:41,159 --> 00:00:43,920 Speaker 4: home furniture space and looking at our Ah as well 14 00:00:43,960 --> 00:00:47,360 Speaker 4: as Wayfair, We're see shares of both companies charging higher. This, 15 00:00:47,479 --> 00:00:50,519 Speaker 4: of course, is after we did get news that President 16 00:00:50,520 --> 00:00:55,240 Speaker 4: Trump delayed tariff increases on both upholstered furniture, kitchen cabinets 17 00:00:55,280 --> 00:00:57,720 Speaker 4: as well as vanities. We know that these higher tariffs 18 00:00:57,880 --> 00:01:01,200 Speaker 4: were set to take effect Thursday, but they're now going 19 00:01:01,240 --> 00:01:04,600 Speaker 4: to be taking effect in January first of twenty twenty seven. 20 00:01:04,840 --> 00:01:06,560 Speaker 4: That's according to a fact sheet that we got out 21 00:01:06,560 --> 00:01:08,800 Speaker 4: of the White House. So we're seeing shares of both 22 00:01:08,840 --> 00:01:12,120 Speaker 4: of those companies, URH and Wayfair charging higher. But we 23 00:01:12,160 --> 00:01:14,280 Speaker 4: do know that URH really did have a tough year. 24 00:01:14,280 --> 00:01:16,520 Speaker 4: If you look just last year, it lost more than 25 00:01:16,560 --> 00:01:19,000 Speaker 4: half of its value. So just to put that into 26 00:01:19,040 --> 00:01:20,959 Speaker 4: context in terms of the move that we are seeing today, 27 00:01:21,000 --> 00:01:23,160 Speaker 4: but Wayfair did have a pretty stellar year for pretty 28 00:01:23,160 --> 00:01:25,640 Speaker 4: spell Live to say the least, the one hundred and 29 00:01:25,680 --> 00:01:29,240 Speaker 4: twenty seven percent to the upside. That's so yeah, if 30 00:01:29,280 --> 00:01:29,679 Speaker 4: I say so. 31 00:01:29,880 --> 00:01:33,800 Speaker 5: Well, we talked with the Wayfair executive c suite a lot, 32 00:01:33,920 --> 00:01:36,160 Speaker 5: and they talk about, you know, they're basically a platform 33 00:01:36,200 --> 00:01:37,160 Speaker 5: for sellers. 34 00:01:37,319 --> 00:01:38,760 Speaker 1: That inventory that they have to worry about. 35 00:01:38,800 --> 00:01:41,559 Speaker 5: No, but you know they're obviously they're companies that sell 36 00:01:41,600 --> 00:01:43,920 Speaker 5: on their platform do but they've She also talked about 37 00:01:43,920 --> 00:01:47,240 Speaker 5: a lot of suppliers finding other markets to manufacture in 38 00:01:48,320 --> 00:01:50,360 Speaker 5: that maybe have lower tear if so a bit of 39 00:01:50,360 --> 00:01:51,920 Speaker 5: a pivot, yeah, exactly if they go. 40 00:01:51,920 --> 00:01:53,840 Speaker 1: To North Carolina like President Trump wants them to do. 41 00:01:54,000 --> 00:01:56,320 Speaker 5: Yeah, we shall see. We shall see, all right too. 42 00:01:56,400 --> 00:01:59,080 Speaker 4: Under Armour we go, yes, looking at the consumer space, 43 00:01:59,120 --> 00:02:00,840 Speaker 4: So we're looking at under Our, where we saw shares 44 00:02:00,840 --> 00:02:03,680 Speaker 4: that climbed as much as ten percent today, this is 45 00:02:03,760 --> 00:02:06,080 Speaker 4: the most in nearly seven months. But I mean, this 46 00:02:06,200 --> 00:02:09,160 Speaker 4: is also a stock that's been quite battered, lost forty 47 00:02:09,240 --> 00:02:12,720 Speaker 4: percent of its value last year. We did see four 48 00:02:12,800 --> 00:02:14,600 Speaker 4: back to back years of declines for this company. But 49 00:02:14,639 --> 00:02:16,160 Speaker 4: today we're seeing it in the green. And this is 50 00:02:16,200 --> 00:02:20,160 Speaker 4: because UBS analysts so that they see improving EPs and 51 00:02:20,240 --> 00:02:22,840 Speaker 4: sales growth boosting the stock's valuation. So it seems as 52 00:02:22,880 --> 00:02:24,920 Speaker 4: though some traders out in the market are taking this 53 00:02:25,040 --> 00:02:27,520 Speaker 4: and clearly buying in on it. But of course it 54 00:02:27,560 --> 00:02:29,560 Speaker 4: is a stock that's really really been struggling. 55 00:02:29,800 --> 00:02:33,080 Speaker 3: Well, speaking of stock that is struggling, today, Tesla is 56 00:02:33,120 --> 00:02:34,880 Speaker 3: moving to the downside by about two percent. 57 00:02:34,919 --> 00:02:35,799 Speaker 1: What's going on with Tesla? 58 00:02:35,919 --> 00:02:38,519 Speaker 4: Yeah, Tesla, we're seeing share sliding. This is after just 59 00:02:38,560 --> 00:02:40,919 Speaker 4: an eleven percent gained that we saw a year to 60 00:02:41,000 --> 00:02:43,120 Speaker 4: date for twenty twenty five. But we did see that 61 00:02:43,120 --> 00:02:45,840 Speaker 4: Tesla is essentially giving up its title as the world's 62 00:02:46,000 --> 00:02:49,640 Speaker 4: top seller of evs to a Chinese competitor BID. I mean, 63 00:02:49,680 --> 00:02:51,639 Speaker 4: it may not be as popular in the United States, 64 00:02:51,639 --> 00:02:54,760 Speaker 4: but super super popular in China. But we did see 65 00:02:54,760 --> 00:02:58,320 Speaker 4: that BID increase its battery electric vehicle sales, delivering almost 66 00:02:58,320 --> 00:03:01,440 Speaker 4: two point twenty six million last year, and that's in 67 00:03:01,440 --> 00:03:04,600 Speaker 4: comparison to Tusla's one point six y four million, So 68 00:03:05,080 --> 00:03:06,600 Speaker 4: a bit of shift in power here. 69 00:03:06,760 --> 00:03:09,120 Speaker 1: Don't see those on the streets here in the US. 70 00:03:09,120 --> 00:03:11,359 Speaker 5: Reyeah, you know, yes, But there's definitely more all over 71 00:03:11,360 --> 00:03:13,520 Speaker 5: the uration, all over Europe. 72 00:03:13,639 --> 00:03:15,760 Speaker 4: Yeah, yep, saw a lot when I was in Thailand, 73 00:03:15,760 --> 00:03:16,720 Speaker 4: did you I did? 74 00:03:16,760 --> 00:03:17,320 Speaker 1: What'd you think? 75 00:03:17,600 --> 00:03:18,600 Speaker 4: I thought they were pretty cool? 76 00:03:18,639 --> 00:03:20,720 Speaker 1: Okay. 77 00:03:21,600 --> 00:03:25,600 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 78 00:03:25,680 --> 00:03:28,280 Speaker 2: us throughout the day for the latest roundup of companies 79 00:03:28,320 --> 00:03:31,440 Speaker 2: making news on Wall Street and for the latest market 80 00:03:31,480 --> 00:03:35,960 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 81 00:03:36,040 --> 00:03:39,520 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 82 00:03:39,600 --> 00:03:41,080 Speaker 2: the Bloomberg Business app.