1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,840 Speaker 2: in the stock market harnessing the power of Bloomberg Data. 4 00:00:16,280 --> 00:00:18,520 Speaker 1: Scarlett Boom and Paul Sweeney here, and we want to 5 00:00:18,520 --> 00:00:20,919 Speaker 1: bring in Bloomberg News is Billy Lipschualtz, who is taking 6 00:00:20,920 --> 00:00:23,240 Speaker 1: a look at some stocks on the move today. Bailly 7 00:00:23,280 --> 00:00:24,960 Speaker 1: get us started on Qualcom. 8 00:00:25,040 --> 00:00:28,440 Speaker 3: Yeah, Qualcomm shares ticker q coom down about one and 9 00:00:28,440 --> 00:00:32,000 Speaker 3: a half percent, and this comes after reports that Chinese 10 00:00:32,080 --> 00:00:36,640 Speaker 3: regulators will investigate the company's acquisition of Israeli company Auto Talks. 11 00:00:36,720 --> 00:00:41,360 Speaker 3: So this comes with the China State Administration of Market 12 00:00:41,360 --> 00:00:45,240 Speaker 3: Regulation saying that the company violated the country's anti monopoly 13 00:00:45,320 --> 00:00:49,240 Speaker 3: law regarding those Talks not disclosing enough information. It seems 14 00:00:49,280 --> 00:00:51,120 Speaker 3: like from some of these reports this could be part 15 00:00:51,159 --> 00:00:55,200 Speaker 3: of a bargaining chip or looking for leverage between President 16 00:00:55,320 --> 00:00:57,840 Speaker 3: g and President Trump. We've seen a lot of going 17 00:00:58,120 --> 00:01:03,840 Speaker 3: back and forth around chip and ships and pariffs, so 18 00:01:03,880 --> 00:01:05,640 Speaker 3: it does seem like this could be a part of it. 19 00:01:05,760 --> 00:01:07,720 Speaker 3: So not a big move. It was down a bit 20 00:01:07,760 --> 00:01:10,200 Speaker 3: more in pre market, but still not a positive to 21 00:01:10,240 --> 00:01:12,959 Speaker 3: be a company like wal Qualcomm and be somehow dragged 22 00:01:13,000 --> 00:01:16,080 Speaker 3: into the back and forth between the leaders of both 23 00:01:16,160 --> 00:01:19,560 Speaker 3: China and the US. Let's talk about Mosaic. 24 00:01:20,160 --> 00:01:21,680 Speaker 1: What is Mosaic and what's going on there? 25 00:01:21,720 --> 00:01:27,440 Speaker 3: So Mosaic is an agricultural chemicals company. Ticker ms down 26 00:01:27,480 --> 00:01:30,600 Speaker 3: more than seven percent, So this when you're looking at 27 00:01:30,640 --> 00:01:34,039 Speaker 3: size and scope, worse day since early August, trading at 28 00:01:34,080 --> 00:01:36,160 Speaker 3: the lowest level at least on an inter day basis 29 00:01:36,600 --> 00:01:39,839 Speaker 3: since early May. This comes after the fertilizer company said 30 00:01:39,880 --> 00:01:43,160 Speaker 3: third quarter phosphate production fell below up management expected. They 31 00:01:43,200 --> 00:01:46,440 Speaker 3: cited some mechanical issues at one plant utility and interruptions 32 00:01:46,480 --> 00:01:48,600 Speaker 3: at another. The thing that stands out from the Wall 33 00:01:48,600 --> 00:01:52,960 Speaker 3: Street reaction Scotiabank analysts saying that the stock wanted to 34 00:01:53,000 --> 00:01:56,440 Speaker 3: perform in their downgrade to sector perform, but guys, credibility 35 00:01:56,520 --> 00:02:00,040 Speaker 3: questions will resurface again. It's never good to have analysts 36 00:02:00,080 --> 00:02:01,720 Speaker 3: who are on the sales side, who are supposed to 37 00:02:01,720 --> 00:02:04,480 Speaker 3: be promoting stocks, coming out saying you have to question 38 00:02:04,560 --> 00:02:07,240 Speaker 3: the credibility of management and what they're actually doing. 39 00:02:07,720 --> 00:02:10,440 Speaker 1: Yeah, questioning credibility are not words that you want linked 40 00:02:10,440 --> 00:02:13,079 Speaker 1: to your stock ticker. All right, let's talk about Levi's, 41 00:02:13,160 --> 00:02:14,840 Speaker 1: which did report earnings yesterday. 42 00:02:14,960 --> 00:02:18,040 Speaker 3: Yeah, reported earnings that were pretty solid, raising their full 43 00:02:18,120 --> 00:02:20,760 Speaker 3: year outlook. But the big thing, the topic of this 44 00:02:20,840 --> 00:02:24,160 Speaker 3: earning season in particular as it relates to retail companies tariffs. 45 00:02:24,280 --> 00:02:25,959 Speaker 3: So they did warn that tariffs are going to impact 46 00:02:26,000 --> 00:02:28,880 Speaker 3: companies or impact their operations. The thing that stood out 47 00:02:28,880 --> 00:02:31,520 Speaker 3: to me was they're saying that they still expect tariffs 48 00:02:31,520 --> 00:02:33,919 Speaker 3: of thirty percent in China, but they bumped up their 49 00:02:33,960 --> 00:02:36,359 Speaker 3: expectations to twenty percent for the rest of the world. 50 00:02:36,600 --> 00:02:38,480 Speaker 3: Just a quarter ago they had that at ten percent, 51 00:02:38,520 --> 00:02:41,840 Speaker 3: so doubling that. Shares of Levi ticker l ev I 52 00:02:42,200 --> 00:02:45,040 Speaker 3: down more than ten percent or stay since early April, 53 00:02:45,080 --> 00:02:48,600 Speaker 3: win tariffs were unveiled again, we saw Helen of Troy, 54 00:02:48,639 --> 00:02:51,680 Speaker 3: the company that makes oxy goods hydroflasks, saying the tariffs 55 00:02:51,720 --> 00:02:53,320 Speaker 3: are starting to bubble up and be a concern for 56 00:02:53,360 --> 00:02:55,360 Speaker 3: their supply chain and kind of how they're going to 57 00:02:55,360 --> 00:02:57,519 Speaker 3: be pricing goods. Now we're seeing it show up in 58 00:02:57,600 --> 00:03:00,120 Speaker 3: Levi Strauss and it's going to be very interesting to 59 00:03:00,160 --> 00:03:02,600 Speaker 3: see how this plays out because again this is a 60 00:03:02,639 --> 00:03:05,839 Speaker 3: topic for the holiday season, but really going into twenty 61 00:03:05,880 --> 00:03:08,200 Speaker 3: twenty six, a lot of these companies ramped up, bringing 62 00:03:08,240 --> 00:03:11,400 Speaker 3: their goods into stores and on into the US ahead 63 00:03:11,440 --> 00:03:13,160 Speaker 3: of time. So leeve I already has seventy percent of 64 00:03:13,160 --> 00:03:15,600 Speaker 3: their products they need for the holiday season on hand. 65 00:03:15,919 --> 00:03:17,919 Speaker 3: What does it mean for twenty twenty six? That's where 66 00:03:17,919 --> 00:03:19,040 Speaker 3: these questions poppers. 67 00:03:19,919 --> 00:03:23,960 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 68 00:03:24,040 --> 00:03:26,600 Speaker 2: us throughout the day for the latest roundup of companies 69 00:03:26,680 --> 00:03:29,760 Speaker 2: making news on Wall Street and for the latest market 70 00:03:29,800 --> 00:03:34,280 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 71 00:03:34,360 --> 00:03:37,880 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 72 00:03:37,920 --> 00:03:39,440 Speaker 2: the Bloomberg Business app.