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 00:00:17,720 --> 00:00:19,360 Speaker 2: Let's take a look at some of the stocks on 5 00:00:19,400 --> 00:00:21,400 Speaker 2: the move today. I'm Paul Swinging along with Alex Steel 6 00:00:21,440 --> 00:00:23,880 Speaker 2: are joined by Bloomberg's normal Linda Nor. What are you 7 00:00:23,880 --> 00:00:24,160 Speaker 2: looking at? 8 00:00:24,600 --> 00:00:27,160 Speaker 3: Well, I've got eyes on Jet Blue shares. That's j 9 00:00:27,560 --> 00:00:30,400 Speaker 3: b LU for the ticker there. We're seeing shares of 10 00:00:30,440 --> 00:00:32,839 Speaker 3: the company down as much as four point seven percent 11 00:00:32,920 --> 00:00:35,239 Speaker 3: this morning, and that's after the company said that it 12 00:00:35,320 --> 00:00:38,479 Speaker 3: is seeing weaker than expected demand. That's something that it 13 00:00:38,520 --> 00:00:41,720 Speaker 3: is expecting moving forward, and it intends to step up 14 00:00:41,720 --> 00:00:44,440 Speaker 3: some of its cost cutting measures. So we're seeing it 15 00:00:44,640 --> 00:00:48,120 Speaker 3: reducing its budget at support centers. It's assessing its hiring 16 00:00:48,159 --> 00:00:51,000 Speaker 3: practices and vendor spending. So these are all things that 17 00:00:51,000 --> 00:00:53,600 Speaker 3: people are calling through right now. We're seeing shares under 18 00:00:54,160 --> 00:00:57,520 Speaker 3: the company pressured right now, especially as we're thinking about 19 00:00:57,520 --> 00:01:00,000 Speaker 3: this company returning to profitability, and that doesn't necessarily seem 20 00:01:00,200 --> 00:01:01,840 Speaker 3: to be an expectation for them moving forward. 21 00:01:01,880 --> 00:01:04,080 Speaker 4: They've said yeah, and you have to wonder what's next 22 00:01:04,120 --> 00:01:08,000 Speaker 4: after American Airlines, Partnership Spirit deal like, is there a 23 00:01:08,040 --> 00:01:10,000 Speaker 4: resurgence to something along those lines. 24 00:01:10,120 --> 00:01:12,520 Speaker 2: My thing is, I'm looking at Frontier, Allegiant, Jet Blett 25 00:01:12,600 --> 00:01:14,800 Speaker 2: all down forty to fifty percent this year. I mean, 26 00:01:14,840 --> 00:01:18,160 Speaker 2: if I'm a regulator, I'm encouraging these guys to get together. 27 00:01:18,480 --> 00:01:19,960 Speaker 4: I mean, in theory, y ah, how old can you 28 00:01:20,000 --> 00:01:24,040 Speaker 4: possibly compete? I don't know fifty United, Delta and American Airlines. Okay, 29 00:01:24,160 --> 00:01:26,040 Speaker 4: let's go to Leonard. They had earnings out autter the 30 00:01:26,080 --> 00:01:27,240 Speaker 4: bell yesterday. They did. 31 00:01:27,280 --> 00:01:29,440 Speaker 3: So this is a homebuilder that's tacker l e in 32 00:01:29,760 --> 00:01:31,640 Speaker 3: and we're seeing shares up as much as four point 33 00:01:31,680 --> 00:01:36,640 Speaker 3: three percent, and the company essentially saw it's it was 34 00:01:36,680 --> 00:01:39,160 Speaker 3: tempered its new order's outlook was tempered by better than 35 00:01:39,280 --> 00:01:42,560 Speaker 3: expected gross margin results. So while there were some things 36 00:01:42,560 --> 00:01:46,360 Speaker 3: that people weren't nearly optimistic about coming out of their report, 37 00:01:46,360 --> 00:01:48,800 Speaker 3: they're really seeing gross margins. It's better than expected gross 38 00:01:48,800 --> 00:01:52,480 Speaker 3: margin results really outweighing any sort of potential pessimism from 39 00:01:52,480 --> 00:01:55,080 Speaker 3: the company. And if we look at homebuilders more broadly, 40 00:01:55,120 --> 00:01:58,360 Speaker 3: I mean, they've really been trying to get back on track, 41 00:01:58,440 --> 00:02:00,560 Speaker 3: especially as we think about the pressures of terroriffs. We 42 00:02:00,560 --> 00:02:04,120 Speaker 3: think about the pressures of them looking for immigrant workers 43 00:02:04,200 --> 00:02:07,000 Speaker 3: also being concern when we think about mass deportations and 44 00:02:07,040 --> 00:02:09,200 Speaker 3: then lumber and all these other things that have really 45 00:02:09,200 --> 00:02:11,680 Speaker 3: been in the mix here for homebooters in addition to 46 00:02:11,800 --> 00:02:14,320 Speaker 3: high rates right now. So we're just seeing analysts that 47 00:02:14,360 --> 00:02:16,160 Speaker 3: are looking toward the group and trying to see whether 48 00:02:16,240 --> 00:02:18,119 Speaker 3: or not they're able to scale back some of those 49 00:02:18,120 --> 00:02:20,640 Speaker 3: incentives that they're offering to new home buyers in order to, 50 00:02:20,960 --> 00:02:22,480 Speaker 3: you know, see some sort of great profit. 51 00:02:22,600 --> 00:02:25,680 Speaker 2: All right. According to the Mortgage Banker's Association, that thirty 52 00:02:25,720 --> 00:02:27,840 Speaker 2: year fix six point nine three percent. 53 00:02:28,320 --> 00:02:29,239 Speaker 4: Oh my goodness. 54 00:02:29,520 --> 00:02:32,680 Speaker 2: So but you go best, crazy smart now, crazy smart now, 55 00:02:32,720 --> 00:02:33,840 Speaker 2: But you go back and you put that thing up 56 00:02:33,840 --> 00:02:36,160 Speaker 2: for the last fifty years. That's an average rate. I mean, 57 00:02:36,200 --> 00:02:37,160 Speaker 2: it's we were in it. 58 00:02:37,240 --> 00:02:40,480 Speaker 4: I remember my parents had sixteen percent thirty year fixed. Yep, 59 00:02:40,960 --> 00:02:43,000 Speaker 4: Oh my god. I don't know what I could afford 60 00:02:43,040 --> 00:02:43,800 Speaker 4: with the sixteen percent. 61 00:02:43,880 --> 00:02:46,200 Speaker 2: If you're a buyer's you just got to say, this 62 00:02:46,240 --> 00:02:48,840 Speaker 2: is the new normal, and I'm either buying and selling 63 00:02:48,919 --> 00:02:50,200 Speaker 2: because this is the new norm. 64 00:02:50,000 --> 00:02:52,200 Speaker 4: I think. Yeah, yeah, anyway, Crazy. 65 00:02:52,520 --> 00:02:55,400 Speaker 3: Surgery partners, Yeah, surgery partner is an interesting one. Here. 66 00:02:55,480 --> 00:02:58,679 Speaker 3: That's tick your sg ry. Now, this is a two 67 00:02:58,760 --> 00:03:01,640 Speaker 3: point five billion dollar market cap company and as an 68 00:03:01,680 --> 00:03:04,680 Speaker 3: ambulatory surgery clinic group. Now we're looking at the company 69 00:03:04,680 --> 00:03:06,760 Speaker 3: because of its size and scope. Today we're seeing shares 70 00:03:06,800 --> 00:03:09,600 Speaker 3: tumbling as much as fourteen percent, which is the biggest 71 00:03:09,600 --> 00:03:12,160 Speaker 3: interdy drop we've seen for the company since twenty twenty two. 72 00:03:12,560 --> 00:03:16,359 Speaker 3: And that's after it rejected a buyout proposal from Bain Capital, 73 00:03:16,760 --> 00:03:19,320 Speaker 3: so it was really looking to take over the company, 74 00:03:19,440 --> 00:03:22,160 Speaker 3: and after that rejection, it doesn't seem as though the 75 00:03:22,240 --> 00:03:25,040 Speaker 3: street is happy about that, but we are. I was 76 00:03:25,040 --> 00:03:26,960 Speaker 3: looking at Bloomberg Intelligence and they put out a note 77 00:03:26,960 --> 00:03:29,240 Speaker 3: where they're saying that this shouldn't necessarily be viewed as 78 00:03:29,280 --> 00:03:31,720 Speaker 3: a credit negative for the company. But it doesn't seem 79 00:03:31,760 --> 00:03:34,440 Speaker 3: as though Wall Street is too convinced right now about 80 00:03:34,480 --> 00:03:35,360 Speaker 3: what's going on here. 81 00:03:35,640 --> 00:03:39,760 Speaker 1: The Stock Movers podcast from Bloomberg Radio. Check back with 82 00:03:39,840 --> 00:03:42,600 Speaker 1: us throughout the day for the latest roundup of companies 83 00:03:42,640 --> 00:03:45,720 Speaker 1: making news on Wall Street and for the latest market 84 00:03:45,720 --> 00:03:50,120 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 85 00:03:50,120 --> 00:03:53,400 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 86 00:03:53,440 --> 00:03:54,920 Speaker 1: the Bloomberg Business app.