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 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,840 --> 00:00:19,560 Speaker 1: It's good a normal Linda, and we'll see what's happening 5 00:00:19,600 --> 00:00:22,280 Speaker 1: in stock movers in the necree markets today. 6 00:00:22,680 --> 00:00:25,560 Speaker 3: Well, quite a few things to look at today. Market 7 00:00:25,600 --> 00:00:28,720 Speaker 3: is lower, of course, but looking at shares of Starbucks 8 00:00:28,720 --> 00:00:32,440 Speaker 3: that's ticker sb UX also lower in trading today, down 9 00:00:32,479 --> 00:00:34,839 Speaker 3: as much as one percent. The big news of the 10 00:00:34,880 --> 00:00:36,680 Speaker 3: day here for this company is the fact that it 11 00:00:36,720 --> 00:00:39,320 Speaker 3: will be closing one percent of its stores in the 12 00:00:39,440 --> 00:00:41,519 Speaker 3: US and Canada. But I mean, this is really a 13 00:00:41,560 --> 00:00:46,000 Speaker 3: big cosmetic change. You're doing a one billion dollar restructuring here. 14 00:00:46,280 --> 00:00:48,560 Speaker 3: Brian Nickel, who we know was a CEO that came 15 00:00:48,600 --> 00:00:51,120 Speaker 3: in last year from Chipotle, he's really been trying to 16 00:00:51,240 --> 00:00:53,199 Speaker 3: change the vibe of Starbucks. He wants it to be 17 00:00:53,440 --> 00:00:55,760 Speaker 3: a more inviting space. So they're closing down some of 18 00:00:55,760 --> 00:00:58,880 Speaker 3: these stores, hoping to write size the company here and 19 00:00:58,960 --> 00:01:02,520 Speaker 3: really just make integral shift here in terms of how 20 00:01:02,520 --> 00:01:05,280 Speaker 3: inviting it is and how people feel comfortable with being 21 00:01:05,319 --> 00:01:07,399 Speaker 3: here in the store. But I mean, as I mentioned, 22 00:01:07,400 --> 00:01:09,559 Speaker 3: it's only about one percent of stores that are being closed, 23 00:01:09,560 --> 00:01:12,560 Speaker 3: but this is definitely pressuring shares right now. As we're 24 00:01:12,600 --> 00:01:13,960 Speaker 3: kind of digesting the news. 25 00:01:13,800 --> 00:01:16,679 Speaker 1: All right, I'm looking at the SMP five hundred's best 26 00:01:16,680 --> 00:01:19,560 Speaker 1: performer today and it is Intel, up by more than 27 00:01:19,600 --> 00:01:20,399 Speaker 1: five and a half percent. 28 00:01:20,560 --> 00:01:22,679 Speaker 3: Yeah, Intel is doing well today. As you mentioned, the 29 00:01:22,680 --> 00:01:24,640 Speaker 3: best performing stock in the S and P five hundred, 30 00:01:24,720 --> 00:01:27,200 Speaker 3: that's take oer i intc here. I mean, this is 31 00:01:27,240 --> 00:01:28,880 Speaker 3: the name. It's really been in the news for quite 32 00:01:28,920 --> 00:01:31,880 Speaker 3: some time, week after week here. I mean right now, 33 00:01:31,959 --> 00:01:33,399 Speaker 3: what's going on is the fact that it's going to 34 00:01:33,400 --> 00:01:37,800 Speaker 3: be seeking investments from Apple essentially in a comeback bid. 35 00:01:37,880 --> 00:01:40,560 Speaker 3: I mean, we know the US just invested took a 36 00:01:40,600 --> 00:01:43,479 Speaker 3: ten percent stake just weeks ago, and we're really seeing 37 00:01:43,520 --> 00:01:45,600 Speaker 3: a lot of people running back toward this company as 38 00:01:45,600 --> 00:01:49,880 Speaker 3: we're really trying to invest in US homegrown manufacturing here 39 00:01:49,920 --> 00:01:52,240 Speaker 3: when it comes to semiconductor. So we are seeing shares 40 00:01:52,360 --> 00:01:55,440 Speaker 3: up now, up about six percent. As you were calling 41 00:01:55,440 --> 00:01:58,640 Speaker 3: out there, Scarlett, a lot to digest there. I mean, Seaport, 42 00:01:58,640 --> 00:02:01,720 Speaker 3: even Seaport Research the upgrade the stock to neutral from cell. 43 00:02:01,800 --> 00:02:04,240 Speaker 3: They'd had to cell rating on the stock previously, but 44 00:02:04,280 --> 00:02:07,080 Speaker 3: they're essentially assuming that there should be some near term 45 00:02:07,200 --> 00:02:10,400 Speaker 3: upside here for the company, especially if it receives even 46 00:02:10,480 --> 00:02:11,919 Speaker 3: more direct investments here. 47 00:02:12,080 --> 00:02:13,519 Speaker 1: You know, it's interesting. I'm just looking to you what 48 00:02:13,560 --> 00:02:15,480 Speaker 1: does it mean for Apple and Apple stock this year? 49 00:02:15,600 --> 00:02:18,280 Speaker 1: And it's kind of flatish on the air butt since 50 00:02:18,320 --> 00:02:20,960 Speaker 1: that April low. It's a forty six percent Wow, starting 51 00:02:20,960 --> 00:02:24,360 Speaker 1: to get a little bit of AI wind and maybe 52 00:02:24,440 --> 00:02:26,680 Speaker 1: edits back because this is a name, but AI doesn't 53 00:02:26,720 --> 00:02:28,680 Speaker 1: have to offer well, I think I think the AI 54 00:02:28,720 --> 00:02:32,280 Speaker 1: wind is we'll talk to anybody. We'll talk to acquisition 55 00:02:32,639 --> 00:02:35,680 Speaker 1: will make maybe an aqua higher type nimble thing as 56 00:02:35,680 --> 00:02:38,160 Speaker 1: opposed to we got nothing for you right kind of 57 00:02:38,160 --> 00:02:40,960 Speaker 1: what we want Sheet makes the nimble that's gair. I 58 00:02:41,000 --> 00:02:42,799 Speaker 1: just think that the winds have kind of changed a 59 00:02:42,800 --> 00:02:44,640 Speaker 1: little bit here for for Apple, maybe get the getting 60 00:02:44,639 --> 00:02:47,120 Speaker 1: a little bit of that tailwind for AI maybe here 61 00:02:47,160 --> 00:02:50,400 Speaker 1: and this I guess an investment in Intel like everybody 62 00:02:50,400 --> 00:02:51,200 Speaker 1: else is doing it? Why not? 63 00:02:51,840 --> 00:02:52,200 Speaker 3: Why not? 64 00:02:52,360 --> 00:02:53,360 Speaker 2: Right? What else you got? Well? 65 00:02:53,360 --> 00:02:56,480 Speaker 3: I also wanted to keep an idea of people taking 66 00:02:56,520 --> 00:02:58,360 Speaker 3: stakes here. I mean we talked about this yesterday on 67 00:02:58,400 --> 00:03:00,679 Speaker 3: the closing bell, But Lithium America US has been a 68 00:03:00,760 --> 00:03:04,000 Speaker 3: name that's also been in focus that's ticker LAC based 69 00:03:04,000 --> 00:03:06,800 Speaker 3: in Vancouver, but focuses on a lot of lithium based 70 00:03:06,840 --> 00:03:10,440 Speaker 3: products here. Essentially, they soared yesterday and are continuing a 71 00:03:10,480 --> 00:03:12,720 Speaker 3: lot of those gains at close hire by ninety six 72 00:03:12,840 --> 00:03:16,440 Speaker 3: percent yesterday, nearly doubling. But the US is saying there's 73 00:03:16,480 --> 00:03:19,400 Speaker 3: some conversations ongoing about the US potentially taking a steak 74 00:03:19,440 --> 00:03:22,600 Speaker 3: here in this company and wants to take equity. Specifically, 75 00:03:22,919 --> 00:03:25,920 Speaker 3: this is coming during a renegotiation of the terms of 76 00:03:25,919 --> 00:03:29,119 Speaker 3: its two point three billion dollar loan that was extended 77 00:03:29,120 --> 00:03:31,079 Speaker 3: by the Energy Department. But it seems as though the 78 00:03:31,200 --> 00:03:34,000 Speaker 3: US government is making a lot of moves right now, 79 00:03:34,040 --> 00:03:36,480 Speaker 3: taking a lot of stakes as they really want to 80 00:03:36,520 --> 00:03:38,440 Speaker 3: bet on US production. 81 00:03:38,120 --> 00:03:43,320 Speaker 2: Here the Stock Movers Report from Bloomberg Radio. Check back 82 00:03:43,320 --> 00:03:45,560 Speaker 2: with us throughout the day for the latest roundup of 83 00:03:45,600 --> 00:03:48,920 Speaker 2: companies making news on Wall Street and for the latest 84 00:03:48,920 --> 00:03:53,160 Speaker 2: market moving headlines. 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