Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data well.
Speaker 3: For the broader market, to some of the individual names
Speaker 3: making big waves in equity space. Today, I want to
Speaker 3: bring in Bloomberg Market's correspondent, Normal Linda. She's here to
Speaker 3: dive into the market action. You're looking at some stocks
Speaker 3: that on the rise due to some kind of relief
Speaker 3: from tariff concerns.
Speaker 4: Absolutely, it's really been a light trading day, given the
Speaker 4: fact that it's a holiday shortened week, but we are
Speaker 4: seeing some of the individual movers really focus in the
Speaker 4: home furniture space and looking at our Ah as well
Speaker 4: as Wayfair, We're see shares of both companies charging higher. This,
Speaker 4: of course, is after we did get news that President
Speaker 4: Trump delayed tariff increases on both upholstered furniture, kitchen cabinets
Speaker 4: as well as vanities. We know that these higher tariffs
Speaker 4: were set to take effect Thursday, but they're now going
Speaker 4: to be taking effect in January first of twenty twenty seven.
Speaker 4: That's according to a fact sheet that we got out
Speaker 4: of the White House. So we're seeing shares of both
Speaker 4: of those companies, URH and Wayfair charging higher. But we
Speaker 4: do know that URH really did have a tough year.
Speaker 4: If you look just last year, it lost more than
Speaker 4: half of its value. So just to put that into
Speaker 4: context in terms of the move that we are seeing today,
Speaker 4: but Wayfair did have a pretty stellar year for pretty
Speaker 4: spell Live to say the least, the one hundred and
Speaker 4: twenty seven percent to the upside. That's so yeah, if
Speaker 4: I say so.
Speaker 5: Well, we talked with the Wayfair executive c suite a lot,
Speaker 5: and they talk about, you know, they're basically a platform
Speaker 5: for sellers.
Speaker 1: That inventory that they have to worry about.
Speaker 5: No, but you know they're obviously they're companies that sell
Speaker 5: on their platform do but they've She also talked about
Speaker 5: a lot of suppliers finding other markets to manufacture in
Speaker 5: that maybe have lower tear if so a bit of
Speaker 5: a pivot, yeah, exactly if they go.
Speaker 1: To North Carolina like President Trump wants them to do.
Speaker 5: Yeah, we shall see. We shall see, all right too.
Speaker 4: Under Armour we go, yes, looking at the consumer space,
Speaker 4: So we're looking at under Our, where we saw shares
Speaker 4: that climbed as much as ten percent today, this is
Speaker 4: the most in nearly seven months. But I mean, this
Speaker 4: is also a stock that's been quite battered, lost forty
Speaker 4: percent of its value last year. We did see four
Speaker 4: back to back years of declines for this company. But
Speaker 4: today we're seeing it in the green. And this is
Speaker 4: because UBS analysts so that they see improving EPs and
Speaker 4: sales growth boosting the stock's valuation. So it seems as
Speaker 4: though some traders out in the market are taking this
Speaker 4: and clearly buying in on it. But of course it
Speaker 4: is a stock that's really really been struggling.
Speaker 3: Well, speaking of stock that is struggling, today, Tesla is
Speaker 3: moving to the downside by about two percent.
Speaker 1: What's going on with Tesla?
Speaker 4: Yeah, Tesla, we're seeing share sliding. This is after just
Speaker 4: an eleven percent gained that we saw a year to
Speaker 4: date for twenty twenty five. But we did see that
Speaker 4: Tesla is essentially giving up its title as the world's
Speaker 4: top seller of evs to a Chinese competitor BID. I mean,
Speaker 4: it may not be as popular in the United States,
Speaker 4: but super super popular in China. But we did see
Speaker 4: that BID increase its battery electric vehicle sales, delivering almost
Speaker 4: two point twenty six million last year, and that's in
Speaker 4: comparison to Tusla's one point six y four million, So
Speaker 4: a bit of shift in power here.
Speaker 1: Don't see those on the streets here in the US.
Speaker 5: Reyeah, you know, yes, But there's definitely more all over
Speaker 5: the uration, all over Europe.
Speaker 4: Yeah, yep, saw a lot when I was in Thailand,
Speaker 4: did you I did?
Speaker 1: What'd you think?
Speaker 4: I thought they were pretty cool?
Speaker 1: Okay.
Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,
Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with
Speaker 2: the Bloomberg Business app.