1 00:00:02,520 --> 00:00:10,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast, 2 00:00:10,800 --> 00:00:14,040 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:14,240 --> 00:00:18,120 Speaker 1: harnessing the power of Bloomberg Data. Let's take a look 4 00:00:18,120 --> 00:00:20,360 Speaker 1: at some stocks on the move today. I'm Nathan Hager, 5 00:00:20,480 --> 00:00:23,360 Speaker 1: joined now by Bloomberg's Critty Gupta on a morning with 6 00:00:23,400 --> 00:00:27,480 Speaker 1: a lot of stocks moving following the US EU trade announcement. 7 00:00:27,520 --> 00:00:30,520 Speaker 2: Good morning, Critty, Good morning Nathan. Always kick it off 8 00:00:30,560 --> 00:00:32,519 Speaker 2: sector by sector, because I think that's really where this 9 00:00:32,560 --> 00:00:34,199 Speaker 2: trade deal is going to show up in a lot 10 00:00:34,200 --> 00:00:37,400 Speaker 2: of the stock market. Because one of the big underperformers 11 00:00:37,479 --> 00:00:40,600 Speaker 2: of today's session in Europe was defense. And that's really 12 00:00:40,600 --> 00:00:43,040 Speaker 2: interesting because broadly these markets, at least on the side 13 00:00:43,040 --> 00:00:46,720 Speaker 2: of the Atlantic, are celebrating this EUUs trade deal except 14 00:00:46,840 --> 00:00:49,519 Speaker 2: for the defense sector, and a blot. A lot of 15 00:00:49,520 --> 00:00:53,120 Speaker 2: this is simply because part of that trade deal includes Europeans, 16 00:00:53,159 --> 00:00:56,520 Speaker 2: as they ramp up their military spend, using that money 17 00:00:56,640 --> 00:01:00,560 Speaker 2: to ultimately buy American defense infrastructure. So that is boosting 18 00:01:00,640 --> 00:01:05,120 Speaker 2: the likes frigs of Lockheed Martin for example. LMT is 19 00:01:05,160 --> 00:01:08,120 Speaker 2: your ticker this morning. Of course, the major defense contractor 20 00:01:08,240 --> 00:01:11,000 Speaker 2: that whose earnings I should say, come or a revenue 21 00:01:11,000 --> 00:01:13,240 Speaker 2: should they come off a lot of government contracts from 22 00:01:13,280 --> 00:01:15,440 Speaker 2: the US now likely to get a lot from the 23 00:01:15,520 --> 00:01:18,440 Speaker 2: year from European nations as well. So LMT is your ticker, 24 00:01:18,720 --> 00:01:21,080 Speaker 2: trading higher by one point four percent this morning, trading 25 00:01:21,120 --> 00:01:23,559 Speaker 2: at about four hundred and twenty seven dollars a share 26 00:01:23,959 --> 00:01:26,920 Speaker 2: in the pre market. It's not alone, Nathan, It's joined 27 00:01:26,959 --> 00:01:29,600 Speaker 2: at the top of the of the list by the 28 00:01:29,720 --> 00:01:32,520 Speaker 2: likes of rtx's of course, the spinoff of or I 29 00:01:32,520 --> 00:01:35,759 Speaker 2: should say, reconvergence of the likes of Raytheon, United Technologies, etc. 30 00:01:36,000 --> 00:01:39,199 Speaker 2: One of the other major defense manufacturers in the United States. 31 00:01:39,319 --> 00:01:42,440 Speaker 2: RTX is your ticker higher by one point two percent 32 00:01:42,480 --> 00:01:45,560 Speaker 2: this morning, trading just shy of one hundred and fifty 33 00:01:45,720 --> 00:01:47,600 Speaker 2: nine dollars a share. But I shoul say the entire 34 00:01:47,680 --> 00:01:51,240 Speaker 2: defense contract our complex is higher. Even Boeing, which we 35 00:01:51,360 --> 00:01:54,160 Speaker 2: know has really wound down some of their kind of 36 00:01:54,240 --> 00:01:57,480 Speaker 2: defense pieces of their business we know, or dealing with 37 00:01:57,520 --> 00:02:01,240 Speaker 2: their own issues when it comes to the seven thirty 38 00:02:01,240 --> 00:02:03,560 Speaker 2: seven Maxis and their other plane safety issues as well. 39 00:02:03,840 --> 00:02:06,200 Speaker 2: Boeings still hire this morning in light with their kind 40 00:02:06,240 --> 00:02:08,919 Speaker 2: of defense peers, ba's your ticker trading at two hundred 41 00:02:08,919 --> 00:02:11,400 Speaker 2: and thirty four dollars a share and change higher by 42 00:02:11,440 --> 00:02:14,480 Speaker 2: about six tenths of one percent. So seeing some positivity 43 00:02:14,800 --> 00:02:17,280 Speaker 2: across the board in the defense sector. Nathan, we should 44 00:02:17,280 --> 00:02:20,440 Speaker 2: talk about the pharmaceutical sector as well, because that fifteen 45 00:02:20,480 --> 00:02:23,880 Speaker 2: percent again is good news for a sector that was 46 00:02:23,960 --> 00:02:27,040 Speaker 2: expecting a much higher number and has even been threatened 47 00:02:27,080 --> 00:02:29,880 Speaker 2: with a highest two hundred percent in about twelve months time. 48 00:02:30,200 --> 00:02:33,320 Speaker 2: Not this in this iteration, but in previous iterations as well. 49 00:02:33,480 --> 00:02:34,840 Speaker 2: So this morning you are seeing a bit of a 50 00:02:34,840 --> 00:02:38,799 Speaker 2: boost into like Suffiser for example PFE. Is your trading 51 00:02:38,880 --> 00:02:40,640 Speaker 2: higher by four tenths of one percent just to I 52 00:02:40,639 --> 00:02:42,880 Speaker 2: have twenty five dollars a share. You're seeing like a 53 00:02:43,000 --> 00:02:45,880 Speaker 2: murk for example on MRK hired by five tenths of 54 00:02:45,919 --> 00:02:48,720 Speaker 2: one percent. Again, this is good news because you do 55 00:02:48,800 --> 00:02:51,600 Speaker 2: see some of them that are a little bit lower. 56 00:02:51,680 --> 00:02:55,640 Speaker 2: So J Johnson and Johnson Jay and J lower saying 57 00:02:55,639 --> 00:02:57,560 Speaker 2: excuse me, I gotta get my directions right down about 58 00:02:57,600 --> 00:02:59,600 Speaker 2: two tenths of one percent. Trading at one hundred and 59 00:02:59,600 --> 00:03:03,400 Speaker 2: sixty dollars to share. Gilliad Sciences is flat though one 60 00:03:03,480 --> 00:03:05,240 Speaker 2: hundred and sixteen dollars a share, so a little bit 61 00:03:05,240 --> 00:03:07,040 Speaker 2: of a mixed reaction. A lot of that kind of 62 00:03:07,040 --> 00:03:11,680 Speaker 2: divergence depends on how much domestic versus international exposure you 63 00:03:11,760 --> 00:03:14,800 Speaker 2: have in that space. So the pharmaceutical sector really feeling 64 00:03:14,880 --> 00:03:17,240 Speaker 2: it today with a little bit of mixed results. I'll 65 00:03:17,320 --> 00:03:20,240 Speaker 2: leave you, Nathan, with a final one on Tesla. Tsla 66 00:03:20,840 --> 00:03:23,720 Speaker 2: is your ticker. We know it's been having a little 67 00:03:23,760 --> 00:03:26,600 Speaker 2: bit of a decline when it comes to their share price. 68 00:03:26,600 --> 00:03:29,280 Speaker 2: This morning it's the opposite, hired by one point four percent, 69 00:03:29,320 --> 00:03:31,560 Speaker 2: three hundred and twenty dollars a share. This comes after 70 00:03:31,639 --> 00:03:34,440 Speaker 2: a one point six excuse me, a sixteen point five 71 00:03:34,600 --> 00:03:39,360 Speaker 2: billion dollar packed with Lexis Samsung in terms of their 72 00:03:39,480 --> 00:03:42,520 Speaker 2: chip making supply chain. Really a sign of confidence for 73 00:03:42,600 --> 00:03:45,880 Speaker 2: Tesla that they're going to really ramp up their car production, 74 00:03:46,200 --> 00:03:48,960 Speaker 2: and simply because they're already gathering the chips forard a 75 00:03:49,000 --> 00:03:51,760 Speaker 2: mega deal with Lexi Samsung and a partnership that is 76 00:03:51,800 --> 00:03:53,120 Speaker 2: being rewarded by. 77 00:03:54,040 --> 00:03:58,200 Speaker 1: The Stock Movers podcast from Bloomberg Radio. 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