1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market. Harnessing the power of Bloomberg Data. 4 00:00:16,480 --> 00:00:18,000 Speaker 1: Let's take a look at some stocks on the move 5 00:00:18,040 --> 00:00:20,680 Speaker 1: on this first trading day of twenty twenty six. I'm 6 00:00:20,720 --> 00:00:25,160 Speaker 1: Nathan Hager, joined by Bloomberg's Valerie Titel, watching Tesla move 7 00:00:25,720 --> 00:00:29,160 Speaker 1: in kind of an unexpected way this morning. 8 00:00:29,200 --> 00:00:32,800 Speaker 3: Good morning, Valerie, Hey, good morning Nathan. Happy New Year 9 00:00:32,840 --> 00:00:35,920 Speaker 3: to everyone out there. Tesla shares are leading the mag 10 00:00:36,200 --> 00:00:38,879 Speaker 3: seven hire this morning in pre market. They're up by 11 00:00:38,920 --> 00:00:42,000 Speaker 3: two percent. Now we are going to get the fourth 12 00:00:42,080 --> 00:00:45,440 Speaker 3: quarter delivery numbers to date from Tesla. Perhaps there is 13 00:00:45,479 --> 00:00:49,639 Speaker 3: some optimism around that expectations. We're pretty downbeat, so it's 14 00:00:49,680 --> 00:00:52,360 Speaker 3: recouping some of the losses of the past week. It's 15 00:00:52,400 --> 00:00:56,520 Speaker 3: fallen over five percent before New Year's Now we're expected 16 00:00:56,560 --> 00:01:00,400 Speaker 3: to see Tesla's global EV sales fall around eleven in 17 00:01:00,400 --> 00:01:03,920 Speaker 3: the fourth quarter. And Tesla took the unusual step earlier 18 00:01:03,960 --> 00:01:07,800 Speaker 3: this week of publishing its own average analyst estimate that 19 00:01:07,880 --> 00:01:10,760 Speaker 3: was even more pessimistic than Wall Street, calling for a 20 00:01:10,800 --> 00:01:13,280 Speaker 3: fifteen percent drop, and that kind of number in that 21 00:01:13,400 --> 00:01:17,480 Speaker 3: range would meaning that BYD looks like it will definitely 22 00:01:17,560 --> 00:01:21,039 Speaker 3: take the crown this year as the world's biggest ev maker. 23 00:01:21,400 --> 00:01:26,240 Speaker 3: BYD delivered two point three million evs globally versus the 24 00:01:26,280 --> 00:01:29,119 Speaker 3: Tesla expected number of around one point six. 25 00:01:29,600 --> 00:01:33,360 Speaker 1: Well, that's a big move. Even bigger move this morning 26 00:01:33,480 --> 00:01:36,880 Speaker 1: for by Do shares traded in the US. A big 27 00:01:36,959 --> 00:01:37,680 Speaker 1: jump there. 28 00:01:38,400 --> 00:01:40,920 Speaker 3: Yeah, big jump for by Doo ADRs. They're up just 29 00:01:41,000 --> 00:01:44,280 Speaker 3: shy of twelve percent in pre market. This is the 30 00:01:44,440 --> 00:01:47,680 Speaker 3: Chinese tech conglomerate often called the Google of China. Their 31 00:01:47,760 --> 00:01:52,240 Speaker 3: AI chip unit named kunloum Shin has filed for an IPO, 32 00:01:52,440 --> 00:01:56,560 Speaker 3: and this comes sooner than analysts had expected. Jeffries estimates 33 00:01:56,840 --> 00:01:59,640 Speaker 3: that this spun off AI chip unit could be valued 34 00:01:59,640 --> 00:02:03,560 Speaker 3: between sixteen and twenty three billion dollars, and the spun 35 00:02:03,600 --> 00:02:07,680 Speaker 3: off unit would essentially help it tap equity and debt 36 00:02:07,680 --> 00:02:10,239 Speaker 3: capital markets for more funding more easily if it was 37 00:02:10,280 --> 00:02:13,280 Speaker 3: spun out from by Doo. It lifted the Hangsaying Tech 38 00:02:13,320 --> 00:02:15,720 Speaker 3: Index a whopping four percent in the first day of 39 00:02:16,120 --> 00:02:18,680 Speaker 3: trade for the year this morning, and it follows a 40 00:02:18,760 --> 00:02:22,639 Speaker 3: string a very successful China chip maker IPOs, even one 41 00:02:22,639 --> 00:02:26,200 Speaker 3: this morning called Byron saw the shares more than double 42 00:02:26,240 --> 00:02:28,600 Speaker 3: on its first day of trade. It is expected to 43 00:02:28,639 --> 00:02:32,320 Speaker 3: be a busy year for listings backing China chip ambitions, 44 00:02:32,400 --> 00:02:35,520 Speaker 3: Nathan as Nvidia retreats from market share. 45 00:02:35,520 --> 00:02:39,720 Speaker 1: It's a busy morning certainly for other chip stocks as well. 46 00:02:39,800 --> 00:02:41,559 Speaker 1: Another jump for ASML. 47 00:02:42,480 --> 00:02:45,440 Speaker 3: Yeah, ASML shares the ADRs are up five percent in 48 00:02:45,520 --> 00:02:49,079 Speaker 3: pre market. They got a double upgrade from Alfia Capital 49 00:02:49,520 --> 00:02:53,720 Speaker 3: due to investment expansions and being positive about capacity upgrades. 50 00:02:53,760 --> 00:02:56,400 Speaker 3: But was one of the key gainers in the European 51 00:02:56,440 --> 00:02:59,360 Speaker 3: accession on a points basis. It was the biggest drag 52 00:02:59,440 --> 00:03:01,840 Speaker 3: hire on the eurostock six hundred this morning. 53 00:03:02,200 --> 00:03:07,120 Speaker 1: And finally Valerie furniture stocks moving up. What's going on there? 54 00:03:07,919 --> 00:03:11,400 Speaker 3: Yeah, tariff delay for furniture and we're seeing the likes 55 00:03:11,440 --> 00:03:14,720 Speaker 3: of Wayfair of two point four percent, Restoration Hardware of 56 00:03:14,880 --> 00:03:18,200 Speaker 3: four point three percent and Williams Sonoma, the owner of 57 00:03:18,240 --> 00:03:21,639 Speaker 3: Pottery Barn of one point four percent. Now higher tariffs 58 00:03:21,639 --> 00:03:25,600 Speaker 3: for furniture were expected to take effect yesterday on Thursday, 59 00:03:25,639 --> 00:03:28,720 Speaker 3: but now there are set to take effect on January one, 60 00:03:28,960 --> 00:03:32,480 Speaker 3: twenty twenty seven, So a whole year of delay and 61 00:03:32,520 --> 00:03:34,840 Speaker 3: that was recording to a fact sheet released by the 62 00:03:34,840 --> 00:03:39,520 Speaker 3: White House comes after some broad voter frustration over priced levels, 63 00:03:40,040 --> 00:03:43,080 Speaker 3: and the White House continues to target some more affordability 64 00:03:43,240 --> 00:03:46,000 Speaker 3: measures in order to recoup some voter sentimentation. 65 00:03:46,920 --> 00:03:50,920 Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with 66 00:03:51,000 --> 00:03:53,600 Speaker 2: us throughout the day for the latest roundup of companies 67 00:03:53,640 --> 00:03:56,760 Speaker 2: making news on Wall Street and for the latest market 68 00:03:56,800 --> 00:04:01,240 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 69 00:04:01,360 --> 00:04:04,840 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 70 00:04:04,920 --> 00:04:06,400 Speaker 2: the Bloomberg Business app.