Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market harnessing the power of Bloomberg Data.
Speaker 1: Scarlett Boom and Paul Sweeney here, and we want to
Speaker 1: bring in Bloomberg News is Billy Lipschualtz, who is taking
Speaker 1: a look at some stocks on the move today. Bailly
Speaker 1: get us started on Qualcom.
Speaker 3: Yeah, Qualcomm shares ticker q coom down about one and
Speaker 3: a half percent, and this comes after reports that Chinese
Speaker 3: regulators will investigate the company's acquisition of Israeli company Auto Talks.
Speaker 3: So this comes with the China State Administration of Market
Speaker 3: Regulation saying that the company violated the country's anti monopoly
Speaker 3: law regarding those Talks not disclosing enough information. It seems
Speaker 3: like from some of these reports this could be part
Speaker 3: of a bargaining chip or looking for leverage between President
Speaker 3: g and President Trump. We've seen a lot of going
Speaker 3: back and forth around chip and ships and pariffs, so
Speaker 3: it does seem like this could be a part of it.
Speaker 3: So not a big move. It was down a bit
Speaker 3: more in pre market, but still not a positive to
Speaker 3: be a company like wal Qualcomm and be somehow dragged
Speaker 3: into the back and forth between the leaders of both
Speaker 3: China and the US. Let's talk about Mosaic.
Speaker 1: What is Mosaic and what's going on there?
Speaker 3: So Mosaic is an agricultural chemicals company. Ticker ms down
Speaker 3: more than seven percent, So this when you're looking at
Speaker 3: size and scope, worse day since early August, trading at
Speaker 3: the lowest level at least on an inter day basis
Speaker 3: since early May. This comes after the fertilizer company said
Speaker 3: third quarter phosphate production fell below up management expected. They
Speaker 3: cited some mechanical issues at one plant utility and interruptions
Speaker 3: at another. The thing that stands out from the Wall
Speaker 3: Street reaction Scotiabank analysts saying that the stock wanted to
Speaker 3: perform in their downgrade to sector perform, but guys, credibility
Speaker 3: questions will resurface again. It's never good to have analysts
Speaker 3: who are on the sales side, who are supposed to
Speaker 3: be promoting stocks, coming out saying you have to question
Speaker 3: the credibility of management and what they're actually doing.
Speaker 1: Yeah, questioning credibility are not words that you want linked
Speaker 1: to your stock ticker. All right, let's talk about Levi's,
Speaker 1: which did report earnings yesterday.
Speaker 3: Yeah, reported earnings that were pretty solid, raising their full
Speaker 3: year outlook. But the big thing, the topic of this
Speaker 3: earning season in particular as it relates to retail companies tariffs.
Speaker 3: So they did warn that tariffs are going to impact
Speaker 3: companies or impact their operations. The thing that stood out
Speaker 3: to me was they're saying that they still expect tariffs
Speaker 3: of thirty percent in China, but they bumped up their
Speaker 3: expectations to twenty percent for the rest of the world.
Speaker 3: Just a quarter ago they had that at ten percent,
Speaker 3: so doubling that. Shares of Levi ticker l ev I
Speaker 3: down more than ten percent or stay since early April,
Speaker 3: win tariffs were unveiled again, we saw Helen of Troy,
Speaker 3: the company that makes oxy goods hydroflasks, saying the tariffs
Speaker 3: are starting to bubble up and be a concern for
Speaker 3: their supply chain and kind of how they're going to
Speaker 3: be pricing goods. Now we're seeing it show up in
Speaker 3: Levi Strauss and it's going to be very interesting to
Speaker 3: see how this plays out because again this is a
Speaker 3: topic for the holiday season, but really going into twenty
Speaker 3: twenty six, a lot of these companies ramped up, bringing
Speaker 3: their goods into stores and on into the US ahead
Speaker 3: of time. So leeve I already has seventy percent of
Speaker 3: their products they need for the holiday season on hand.
Speaker 3: What does it mean for twenty twenty six? That's where
Speaker 3: these questions poppers.
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