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 --> 00:00:16,480 Speaker 1: harnessing the power of Bloomberg data. 4 00:00:17,239 --> 00:00:19,520 Speaker 2: Let's take a look at some stocks on the move today. 5 00:00:19,800 --> 00:00:23,400 Speaker 1: I'm Tom Keen with Paul Sweeney and Bloomberg's Lisa Matteo. 6 00:00:23,680 --> 00:00:27,200 Speaker 2: Okay, we're starting with Japanese car makers. They're rallying Tokyo 7 00:00:27,280 --> 00:00:30,800 Speaker 2: Toyota fourteen percent. Honda gained about eleven percent. But you 8 00:00:30,840 --> 00:00:32,800 Speaker 2: know why. It comes after the US Japan reached this 9 00:00:32,880 --> 00:00:36,479 Speaker 2: trade deal imposing fifteen percent tariffs on Japanese imports, and 10 00:00:36,520 --> 00:00:41,600 Speaker 2: that includes automobiles, automobibile parts. Now here's the thing. Some 11 00:00:41,840 --> 00:00:45,040 Speaker 2: saying it's a scary outcome for the domestic car industry 12 00:00:45,080 --> 00:00:48,200 Speaker 2: because it means it's cheaper for Japan to import cars 13 00:00:48,200 --> 00:00:50,640 Speaker 2: to the US than for Ford or GM to import 14 00:00:50,720 --> 00:00:53,760 Speaker 2: vehicles from their plants in Mexico, because the US is 15 00:00:53,840 --> 00:00:57,040 Speaker 2: charging twenty five percent on those imports. So you think 16 00:00:57,080 --> 00:00:58,560 Speaker 2: about it that way, and what does it mean for 17 00:00:58,600 --> 00:01:01,640 Speaker 2: companies like General Motors or Forward. So I thought that 18 00:01:01,680 --> 00:01:02,480 Speaker 2: was an interesting case. 19 00:01:02,520 --> 00:01:04,800 Speaker 1: Something's got to seems like something's got to change. There. 20 00:01:04,840 --> 00:01:07,399 Speaker 2: I don't know, yeah, so we'll see what happens with that. 21 00:01:08,120 --> 00:01:11,360 Speaker 2: In tech, you have Texas Instruments that's ticker TXN. They've 22 00:01:11,360 --> 00:01:14,080 Speaker 2: been down as much as eleven percent. It's a key 23 00:01:14,120 --> 00:01:17,319 Speaker 2: chip maker for producers of cars factory equipment. They issued 24 00:01:17,319 --> 00:01:19,560 Speaker 2: third quarter forecasts that beat estimates, but it was a 25 00:01:19,560 --> 00:01:23,399 Speaker 2: little more guarded than investors hope because their concern is 26 00:01:23,400 --> 00:01:25,560 Speaker 2: whether tariffs and trade talks are going to hurt as 27 00:01:25,560 --> 00:01:29,399 Speaker 2: sales resurgence. For example, revenue jump sixteen percent last quarter. 28 00:01:29,440 --> 00:01:31,520 Speaker 2: Executives said they didn't know how much of that came 29 00:01:31,560 --> 00:01:34,640 Speaker 2: from customers making purchases to get ahead of the levees. 30 00:01:34,840 --> 00:01:36,880 Speaker 2: So they wanted a little bit more clarity, and they're 31 00:01:36,880 --> 00:01:39,520 Speaker 2: saying on the call, they just didn't get that. And 32 00:01:39,560 --> 00:01:42,240 Speaker 2: then we have that mean stock revival and the list 33 00:01:42,319 --> 00:01:45,000 Speaker 2: is getting longer. Okay, So yesterday it was Cohl's and 34 00:01:45,040 --> 00:01:50,080 Speaker 2: Open Door Technologies. So today Krispy Kreme d n ut 35 00:01:50,280 --> 00:01:53,560 Speaker 2: ticker up thirty six percent, as much as a record 36 00:01:53,560 --> 00:01:56,480 Speaker 2: of over one hundred thousand contracts trading. Then you have 37 00:01:56,600 --> 00:02:00,400 Speaker 2: wearable camera maker GoPro that has been up. Look it now, 38 00:02:00,400 --> 00:02:04,880 Speaker 2: it's eighty three percent. FAAM meat maker, beyond meat Okay, 39 00:02:04,920 --> 00:02:07,160 Speaker 2: it's been up as much as eighteen percent. Yeah, and 40 00:02:07,240 --> 00:02:10,120 Speaker 2: one eight hundred Flowers too, up about sixteen percent. So 41 00:02:10,240 --> 00:02:12,200 Speaker 2: all of these have been doing it, And you say, 42 00:02:12,480 --> 00:02:14,679 Speaker 2: what's the reason anas are saying? You know what, there's 43 00:02:14,680 --> 00:02:18,400 Speaker 2: no real news to justify it's retail momentum. There's little 44 00:02:18,480 --> 00:02:21,040 Speaker 2: or no change to the company's underlying business fundamentals. But 45 00:02:21,080 --> 00:02:23,800 Speaker 2: what they say, it's driven by, Yeah, social media buzz, 46 00:02:23,840 --> 00:02:27,440 Speaker 2: short squeezes, technical breakouts. You go to stock popular on 47 00:02:27,440 --> 00:02:29,799 Speaker 2: the Wall Street bets page of Reddit, and that's where 48 00:02:29,840 --> 00:02:31,400 Speaker 2: these are starting to pop up now. 49 00:02:32,600 --> 00:02:36,720 Speaker 1: The Stock Movers podcast from Bloomberg Radio. Check back with 50 00:02:36,840 --> 00:02:39,919 Speaker 1: us throughout today for the latest roundup of companies making 51 00:02:40,000 --> 00:02:43,560 Speaker 1: news on Wall Street and for the latest market moving headlines. 52 00:02:43,720 --> 00:02:47,640 Speaker 1: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 53 00:02:47,720 --> 00:02:50,520 Speaker 1: dot com, and on Applecarplay and Android Auto with the 54 00:02:50,520 --> 00:02:51,919 Speaker 1: Bloomberg Business app.