1 00:00:02,520 --> 00:00:08,800 Speaker 1: Bloomberg Audio Studios podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:17,720 Speaker 2: the stock market, harnessing the power of Bloomberg data. Let's 4 00:00:17,760 --> 00:00:18,080 Speaker 2: take a. 5 00:00:18,000 --> 00:00:19,960 Speaker 1: Look at some stocks on the move today. We are 6 00:00:20,040 --> 00:00:23,200 Speaker 1: joined by Bloomberg's Lisa Matteo, as we are seeing a 7 00:00:23,239 --> 00:00:26,120 Speaker 1: weight on the broader market. Lisa, there is a weight 8 00:00:26,239 --> 00:00:29,720 Speaker 1: this morning as well on Tesla shares. Good morning, Yeah, 9 00:00:29,760 --> 00:00:30,480 Speaker 1: good morning, Nathan. 10 00:00:30,520 --> 00:00:32,200 Speaker 3: So they are they've been down more than about three 11 00:00:32,280 --> 00:00:35,199 Speaker 3: percent before the bell. A few different reasons for this. 12 00:00:35,320 --> 00:00:37,960 Speaker 3: For one, you had web Bush Securities analysts Dan Ives. 13 00:00:38,000 --> 00:00:39,559 Speaker 3: You know him, I know him very well. So the 14 00:00:39,600 --> 00:00:43,800 Speaker 3: company said it faces a quote code red moment as 15 00:00:43,840 --> 00:00:46,360 Speaker 3: it prepares to report earnings tomorrow, so that's the big 16 00:00:46,440 --> 00:00:49,320 Speaker 3: hype for this. But he also said Elon mushould step 17 00:00:49,400 --> 00:00:52,199 Speaker 3: back from his work at DOGE to focus on Tesla, 18 00:00:52,320 --> 00:00:55,520 Speaker 3: So that's from Dan Ives. Then you have barclayser lowering 19 00:00:55,520 --> 00:00:58,440 Speaker 3: their price target on Tesla eight Thursday from to two 20 00:00:58,480 --> 00:01:01,200 Speaker 3: seventy five from three to twenty five. Maintain equal weight 21 00:01:01,280 --> 00:01:04,200 Speaker 3: rating on the shares. But also this news coming out 22 00:01:04,240 --> 00:01:06,760 Speaker 3: of Reuter's that Tesla has delayed the launch of those 23 00:01:06,840 --> 00:01:10,600 Speaker 3: more affordable cars. That's including that stripped down version of 24 00:01:10,840 --> 00:01:12,720 Speaker 3: the model why that has been talking about. So those 25 00:01:12,720 --> 00:01:14,400 Speaker 3: are kind of three things working against. 26 00:01:14,120 --> 00:01:17,480 Speaker 1: Yeah, certainly multiple factors there on Tesla falling in the 27 00:01:17,520 --> 00:01:20,479 Speaker 1: pre market. We've been talking as well about gold trading 28 00:01:20,520 --> 00:01:21,840 Speaker 1: at a record. I don't know if you would call 29 00:01:21,880 --> 00:01:27,399 Speaker 1: bitcoin digital gold necessarily, but cryptocurrency is on the rise 30 00:01:27,480 --> 00:01:29,520 Speaker 1: as well. How are some of those crypto related stocks. 31 00:01:29,600 --> 00:01:33,120 Speaker 3: Yeah, Bitcoin rebounded as highest level since early March. Right now, 32 00:01:33,160 --> 00:01:35,479 Speaker 3: it's just above eighty seven thousand. It's up about more 33 00:01:35,520 --> 00:01:37,560 Speaker 3: than two and a half percent. Because of that, a 34 00:01:37,560 --> 00:01:40,000 Speaker 3: few cryptosensitive stocks on the rise. For example, you have 35 00:01:40,040 --> 00:01:43,160 Speaker 3: bitcoin Hoorder micro Strategy up as much as three percent. 36 00:01:43,520 --> 00:01:45,959 Speaker 3: Then you have Coinbase up about one and a half percent, 37 00:01:46,120 --> 00:01:48,840 Speaker 3: Riot Platforms up two and a half percent, and then 38 00:01:48,880 --> 00:01:51,880 Speaker 3: for example, Marathon Digital Holdings, they're up about two and 39 00:01:51,920 --> 00:01:53,040 Speaker 3: a half percent as well. 40 00:01:53,360 --> 00:01:56,600 Speaker 1: And speaking of up, it gets your notice when Netflix 41 00:01:56,680 --> 00:01:59,240 Speaker 1: is trading above one thousand dollars a share in the 42 00:01:59,280 --> 00:02:02,440 Speaker 1: pre market. This is a pretty solid lift for the 43 00:02:02,440 --> 00:02:03,360 Speaker 1: streaming giant. 44 00:02:03,160 --> 00:02:05,320 Speaker 3: List it has and it's been up just about as 45 00:02:05,400 --> 00:02:08,600 Speaker 3: much as three percent before the bell, but it's still 46 00:02:08,639 --> 00:02:11,359 Speaker 3: riding high from those results. Remember after the bell Thursday, 47 00:02:11,360 --> 00:02:14,359 Speaker 3: before the holiday, it forecasts revenue for the second quarter 48 00:02:14,400 --> 00:02:17,280 Speaker 3: that beat estimates. Analysts also see the company's business as 49 00:02:17,360 --> 00:02:20,840 Speaker 3: resilient during this kind of tougher macro environment. Now on 50 00:02:20,880 --> 00:02:24,120 Speaker 3: top that, we have, also a stock on the move 51 00:02:24,240 --> 00:02:27,360 Speaker 3: is Capital One Financial. They're up about four percent. Bank 52 00:02:27,440 --> 00:02:30,440 Speaker 3: regulators they approved its thirty five billion dollar acquisition of 53 00:02:30,520 --> 00:02:34,600 Speaker 3: rival Discover. This happened late Friday. Discover shares also rising, 54 00:02:34,600 --> 00:02:36,919 Speaker 3: They're up about two percent. But this is a deal. 55 00:02:36,919 --> 00:02:40,639 Speaker 3: It creates a nation's biggest credit card issuer by loan volume. 56 00:02:41,000 --> 00:02:43,320 Speaker 3: And that decision, it was kind of in the wins right. 57 00:02:43,360 --> 00:02:45,600 Speaker 3: It was waiting whether the US Department of Justice would 58 00:02:45,680 --> 00:02:48,560 Speaker 3: sue to block the acquisition. Some were concerned that the 59 00:02:48,600 --> 00:02:51,680 Speaker 3: deal could harm competition, but in the end, Anti Trust 60 00:02:51,720 --> 00:02:55,360 Speaker 3: Division Chief Gale Slators determined that there wasn't enough evidence 61 00:02:55,520 --> 00:02:57,640 Speaker 3: to challenge that deal, so it did go through. So 62 00:02:57,639 --> 00:03:00,000 Speaker 3: that's why Capital One shares are up about four percent 63 00:03:00,120 --> 00:03:00,679 Speaker 3: before the bell. 64 00:03:00,840 --> 00:03:02,639 Speaker 1: Now we just got time this morning, Lisa, if you 65 00:03:02,680 --> 00:03:05,280 Speaker 1: want to to go through some of the Magnificent seven stocks. 66 00:03:05,360 --> 00:03:05,840 Speaker 2: How they're doing. 67 00:03:06,080 --> 00:03:07,760 Speaker 3: Yeah, it's kind of this trickled out effect, you know, 68 00:03:07,800 --> 00:03:09,680 Speaker 3: the dollar week and traders kind of weighing the risk 69 00:03:09,720 --> 00:03:14,360 Speaker 3: of President Trump firing. The thoughts of him firing Fedshair J. Powell. So, 70 00:03:14,400 --> 00:03:16,560 Speaker 3: for example, Tesla has been like we talked about more 71 00:03:16,600 --> 00:03:19,800 Speaker 3: than three percent down, Nvidia off about two percent. Then 72 00:03:19,840 --> 00:03:21,800 Speaker 3: you have Apple off about one and a half percent 73 00:03:22,000 --> 00:03:25,960 Speaker 3: per percent. Then we go to Meta, Amazon, Microsoft, Alphabet, 74 00:03:26,040 --> 00:03:28,400 Speaker 3: they're all off about one percent. 75 00:03:29,800 --> 00:03:33,920 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 76 00:03:34,000 --> 00:03:36,760 Speaker 2: us throughout the day for the latest roundup of companies 77 00:03:36,800 --> 00:03:39,840 Speaker 2: making news on Wall Street and for the latest market 78 00:03:39,880 --> 00:03:44,240 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 79 00:03:44,280 --> 00:03:47,520 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 80 00:03:47,600 --> 00:03:49,080 Speaker 2: the Bloomberg Business app.