1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,360 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:16,320 Speaker 1: harnessing the power of Bloomberg data. 4 00:00:16,800 --> 00:00:18,599 Speaker 2: Take a look at some of the stocks on the 5 00:00:18,640 --> 00:00:21,000 Speaker 2: move today. We're joined by Bloomer's Normal Linden Nor. What 6 00:00:21,040 --> 00:00:21,479 Speaker 2: are you looking at? 7 00:00:21,800 --> 00:00:23,120 Speaker 3: Well, let's take a look at a lot of those 8 00:00:23,160 --> 00:00:26,560 Speaker 3: tariff related names. Of course, we are seeing indexes now recovering, 9 00:00:26,600 --> 00:00:28,920 Speaker 3: but earlier we did see a lot of names selling off. 10 00:00:28,960 --> 00:00:33,159 Speaker 3: I'm looking at Mattel still down, Deer Deckers, Urban outfitters 11 00:00:33,520 --> 00:00:35,720 Speaker 3: under armour. All of these are still being pressured by 12 00:00:35,760 --> 00:00:38,600 Speaker 3: the idea that we didn't get that Supreme Court decision 13 00:00:38,640 --> 00:00:41,960 Speaker 3: today on reciprocal tariffs. So we're going to see what 14 00:00:42,040 --> 00:00:44,440 Speaker 3: happens next week. But of course, we do know about 15 00:00:44,479 --> 00:00:46,879 Speaker 3: one hundred and fifty billion dollars in revenue has been 16 00:00:46,920 --> 00:00:49,599 Speaker 3: collected thus far. When we think about one hundred and 17 00:00:49,600 --> 00:00:53,000 Speaker 3: fifty billion dollars in revenue, so a lot of companies 18 00:00:53,040 --> 00:00:55,240 Speaker 3: are sitting here waiting for that refund, and some people 19 00:00:55,240 --> 00:00:57,320 Speaker 3: are talking about the idea that this could have ripple 20 00:00:57,320 --> 00:00:59,680 Speaker 3: effects on the economy if we do see that. But 21 00:00:59,720 --> 00:01:01,800 Speaker 3: of course, when you think about the trader action here, 22 00:01:02,120 --> 00:01:05,160 Speaker 3: any sort of delay equals uncertainty. So you're seeing people 23 00:01:05,160 --> 00:01:07,280 Speaker 3: trying to figure out where they should be rotating. Or 24 00:01:07,560 --> 00:01:09,160 Speaker 3: you know a lot of people were betting on relief 25 00:01:09,200 --> 00:01:09,920 Speaker 3: and we didn't get that. 26 00:01:09,959 --> 00:01:12,039 Speaker 2: I saw a good research report Morgan Stanley a couple 27 00:01:12,120 --> 00:01:14,160 Speaker 2: days ago, David for forward it to me. He said, 28 00:01:14,440 --> 00:01:17,479 Speaker 2: if you're betting on a big refund, probably not. You're 29 00:01:17,480 --> 00:01:20,280 Speaker 2: probably gonna get some kind of ruling that might result 30 00:01:20,440 --> 00:01:23,039 Speaker 2: in a little bit of refunds here and there, but 31 00:01:23,080 --> 00:01:25,440 Speaker 2: there'll be other pockets for the administration and be able 32 00:01:25,440 --> 00:01:28,280 Speaker 2: to say, you know, sidestep, so you see how the 33 00:01:28,360 --> 00:01:30,800 Speaker 2: ruling does come out, how you know how complete that 34 00:01:30,880 --> 00:01:33,720 Speaker 2: ruling is if at all? Right, all right, what's next? 35 00:01:33,800 --> 00:01:34,000 Speaker 1: Well? 36 00:01:34,040 --> 00:01:36,440 Speaker 3: Also automakers, of course, when we think about tariff, they 37 00:01:36,480 --> 00:01:38,840 Speaker 3: are a sector that is exposed. But we're looking at 38 00:01:38,840 --> 00:01:42,840 Speaker 3: General Motors ticker GM down for a different reason, it seems, 39 00:01:42,880 --> 00:01:45,720 Speaker 3: and this is after it would face an additional six 40 00:01:45,800 --> 00:01:50,240 Speaker 3: billion dollars in charges tied to EV and battery production cutbacks. 41 00:01:50,240 --> 00:01:52,480 Speaker 3: This is bringing the total right down to seven point 42 00:01:52,600 --> 00:01:55,080 Speaker 3: six billion dollars. So we are seeing shares of General 43 00:01:55,120 --> 00:01:58,680 Speaker 3: Motors sliding down about two point six percent, but earlier 44 00:01:58,680 --> 00:02:00,440 Speaker 3: plunging for its worst day in six month, So we 45 00:02:00,480 --> 00:02:03,880 Speaker 3: are seeing a slight pairing of that decline, but still 46 00:02:03,920 --> 00:02:07,120 Speaker 3: down nonetheless. And the third name you have, third name 47 00:02:07,200 --> 00:02:10,480 Speaker 3: in the green, this is Southwest Air ticker love LUV. 48 00:02:11,080 --> 00:02:13,720 Speaker 3: We're seeing shares up as much as four point nine percent. 49 00:02:13,760 --> 00:02:16,560 Speaker 3: They earlier hit their highest interrody level since twenty twenty two. 50 00:02:16,880 --> 00:02:19,440 Speaker 3: Now they're up about two point nine percent. This is 51 00:02:19,480 --> 00:02:22,560 Speaker 3: after JP Morgan actually raises recommendation on the company to 52 00:02:22,760 --> 00:02:25,600 Speaker 3: overweight from underweight. The analyst over there is talking about 53 00:02:25,639 --> 00:02:28,480 Speaker 3: they see an increase in its EPs guidance as likely. 54 00:02:28,680 --> 00:02:32,560 Speaker 3: They also added the sock to JP Morgan's positive catalyst 55 00:02:32,680 --> 00:02:35,760 Speaker 3: watch list ahead of its upcoming earnings report. So keeping 56 00:02:35,800 --> 00:02:38,440 Speaker 3: all eyes on those airline companies. 57 00:02:39,400 --> 00:02:43,400 Speaker 1: The Stock Movers report from Bloomberg Radio. Check back with 58 00:02:43,480 --> 00:02:46,079 Speaker 1: us throughout the day for the latest roundup of companies 59 00:02:46,160 --> 00:02:49,239 Speaker 1: making news on Wall Street and for the latest market 60 00:02:49,280 --> 00:02:53,760 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 61 00:02:53,840 --> 00:02:57,320 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 62 00:02:57,400 --> 00:02:58,880 Speaker 1: the Bloomberg Business app.