WEBVTT - Nvidia Drops, Boeing Falls, Dexcom Rises on Growth Outlook, Elliott Stake

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's take a look at some of the stocks on

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<v Speaker 3>the move today. We can do that with Bloomberg's avalone

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<v Speaker 3>or now avline. What are you looking at?

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<v Speaker 1>Yeah, a whole lot of red. We have to start

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<v Speaker 1>off with Video, that's ticker MVDA currently sliding about four

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<v Speaker 1>percent for its biggest inter day drop since April thirtieth.

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<v Speaker 1>That's after President Trump said that China hasn't approved purchases

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<v Speaker 1>of in Video's h two hundred chips because they want

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<v Speaker 1>to develop their own and also saying that it didn't

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<v Speaker 1>really come up with China during his summit. That's been

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<v Speaker 1>driving Nvidia and also other chip names lower today. And

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<v Speaker 1>it's kind of interesting since when Jensen Wong joined Trump

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<v Speaker 1>for the summit, a lot of those chips names outperformed

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<v Speaker 1>on the hopes that a deal could ease the memory crunch.

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<v Speaker 1>But seems like that's not going to happen.

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<v Speaker 4>Well, there are a lot of hopes hied to everything

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<v Speaker 4>in the equity market these days, all right, and in

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<v Speaker 4>Video will be reporting after the close next Wednesday, the

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<v Speaker 4>twentieth Nvidia the last of the Meg seven's to report.

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<v Speaker 4>Next up on your.

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<v Speaker 1>List, Boeing another story out of the China summit that's

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<v Speaker 1>ticker BA currently slipping about two point seven percent. That's

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<v Speaker 1>after the airplane manufacturer received a smaller than expected order

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<v Speaker 1>for jets. After Trump's China summit, Trump said that China

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<v Speaker 1>would buy around two hundred aircraft, though he later suggested

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<v Speaker 1>that there's a possibility of them buying up to seven

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<v Speaker 1>hundred and fifty planes. Again, no specifics, kind of murky

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<v Speaker 1>Melius Research writing that while China is a very large market,

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<v Speaker 1>they don't believe it is a strategic market for Boeing

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<v Speaker 1>anymore because there can't be one hundred percent certainty that

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<v Speaker 1>these planes will even get delivered, whether that be from

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<v Speaker 1>trade tensions or geopolitical tensions with Taiwan. I thought that

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<v Speaker 1>was kind of interesting. Heading out of the print.

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<v Speaker 3>Today Boeing, it's more work here. How often is Air

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<v Speaker 3>Force one fuel do a miend minute refuel? Air Force

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<v Speaker 3>one rarely, if ever, refuels admit air during actual presidential missions,

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<v Speaker 3>with reports indicating it has never done so with a

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<v Speaker 3>president on board.

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<v Speaker 4>I'm just interesting, So.

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<v Speaker 3>There you go.

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<v Speaker 4>Okay, I feel like I've seen it be refueled mid air,

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<v Speaker 4>but I think I might I might be remembering watching

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<v Speaker 4>a movie.

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<v Speaker 3>It's capable of doing so in emergencies or for training,

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<v Speaker 3>but standard operations involved landing at military basis to refuel. Boy.

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<v Speaker 3>I just answered so many questions so many people today.

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<v Speaker 3>One more for you am on Yes.

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<v Speaker 1>Dexcom. That's sticker DXCM currently rising about seven point eight

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<v Speaker 1>percent most inter day since February. That's after activist investor

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<v Speaker 1>Elliott Management took a stake in the diabetes device maker

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<v Speaker 1>and also struck a deal to name two independent directors

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<v Speaker 1>to the board separately. Dexcom also gave a really rosy

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<v Speaker 1>long term growth outlook at its investor day earlier this week.

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<v Speaker 1>Also worth noting that we did have Dexcom CEO on

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<v Speaker 1>BTV earlier today and he said that customers taking GLP

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<v Speaker 1>ones have higher utilizations of these continuous glucose monitoring devices.

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<v Speaker 1>That's been a big worry for investors about how GLP

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<v Speaker 1>ones are going to impact diabetes device makers like Xcom,

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<v Speaker 1>and that move is making them one of the top

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<v Speaker 1>gainers on SMP five hundred.

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<v Speaker 3>This morning.

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<v Speaker 2>The Stockmovers Report from Bloomberg Radio. Check back with us

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