WEBVTT - Qualcomm Falls, Mosaic Drops, Levi Down After Tariff Warning

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<v Speaker 1>Bloomberg Audio Studios, Podcasts, Radio News.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market harnessing the power of Bloomberg Data.

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<v Speaker 1>Scarlett Boom and Paul Sweeney here, and we want to

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<v Speaker 1>bring in Bloomberg News is Billy Lipschualtz, who is taking

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<v Speaker 1>a look at some stocks on the move today. Bailly

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<v Speaker 1>get us started on Qualcom.

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<v Speaker 3>Yeah, Qualcomm shares ticker q coom down about one and

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<v Speaker 3>a half percent, and this comes after reports that Chinese

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<v Speaker 3>regulators will investigate the company's acquisition of Israeli company Auto Talks.

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<v Speaker 3>So this comes with the China State Administration of Market

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<v Speaker 3>Regulation saying that the company violated the country's anti monopoly

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<v Speaker 3>law regarding those Talks not disclosing enough information. It seems

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<v Speaker 3>like from some of these reports this could be part

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<v Speaker 3>of a bargaining chip or looking for leverage between President

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<v Speaker 3>g and President Trump. We've seen a lot of going

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<v Speaker 3>back and forth around chip and ships and pariffs, so

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<v Speaker 3>it does seem like this could be a part of it.

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<v Speaker 3>So not a big move. It was down a bit

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<v Speaker 3>more in pre market, but still not a positive to

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<v Speaker 3>be a company like wal Qualcomm and be somehow dragged

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<v Speaker 3>into the back and forth between the leaders of both

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<v Speaker 3>China and the US. Let's talk about Mosaic.

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<v Speaker 1>What is Mosaic and what's going on there?

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<v Speaker 3>So Mosaic is an agricultural chemicals company. Ticker ms down

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<v Speaker 3>more than seven percent, So this when you're looking at

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<v Speaker 3>size and scope, worse day since early August, trading at

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<v Speaker 3>the lowest level at least on an inter day basis

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<v Speaker 3>since early May. This comes after the fertilizer company said

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<v Speaker 3>third quarter phosphate production fell below up management expected. They

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<v Speaker 3>cited some mechanical issues at one plant utility and interruptions

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<v Speaker 3>at another. The thing that stands out from the Wall

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<v Speaker 3>Street reaction Scotiabank analysts saying that the stock wanted to

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<v Speaker 3>perform in their downgrade to sector perform, but guys, credibility

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<v Speaker 3>questions will resurface again. It's never good to have analysts

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<v Speaker 3>who are on the sales side, who are supposed to

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<v Speaker 3>be promoting stocks, coming out saying you have to question

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<v Speaker 3>the credibility of management and what they're actually doing.

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<v Speaker 1>Yeah, questioning credibility are not words that you want linked

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<v Speaker 1>to your stock ticker. All right, let's talk about Levi's,

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<v Speaker 1>which did report earnings yesterday.

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<v Speaker 3>Yeah, reported earnings that were pretty solid, raising their full

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<v Speaker 3>year outlook. But the big thing, the topic of this

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<v Speaker 3>earning season in particular as it relates to retail companies tariffs.

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<v Speaker 3>So they did warn that tariffs are going to impact

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<v Speaker 3>companies or impact their operations. The thing that stood out

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<v Speaker 3>to me was they're saying that they still expect tariffs

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<v Speaker 3>of thirty percent in China, but they bumped up their

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<v Speaker 3>expectations to twenty percent for the rest of the world.

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<v Speaker 3>Just a quarter ago they had that at ten percent,

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<v Speaker 3>so doubling that. Shares of Levi ticker l ev I

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<v Speaker 3>down more than ten percent or stay since early April,

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<v Speaker 3>win tariffs were unveiled again, we saw Helen of Troy,

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<v Speaker 3>the company that makes oxy goods hydroflasks, saying the tariffs

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<v Speaker 3>are starting to bubble up and be a concern for

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<v Speaker 3>their supply chain and kind of how they're going to

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<v Speaker 3>be pricing goods. Now we're seeing it show up in

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<v Speaker 3>Levi Strauss and it's going to be very interesting to

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<v Speaker 3>see how this plays out because again this is a

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<v Speaker 3>topic for the holiday season, but really going into twenty

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<v Speaker 3>twenty six, a lot of these companies ramped up, bringing

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<v Speaker 3>their goods into stores and on into the US ahead

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<v Speaker 3>of time. So leeve I already has seventy percent of

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<v Speaker 3>their products they need for the holiday season on hand.

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<v Speaker 3>What does it mean for twenty twenty six? That's where

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<v Speaker 3>these questions poppers.

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