1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Mover's 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 --> 00:00:17,239 Speaker 1: harnessing the power of Bloomberg data. Let's take a look 4 00:00:17,239 --> 00:00:18,759 Speaker 1: at some stacks on the move today. 5 00:00:19,000 --> 00:00:22,720 Speaker 2: Alexis that they are, and I want to draw attention 6 00:00:22,840 --> 00:00:25,880 Speaker 2: to Fanny May and Freddie Matt. Both of these stocks 7 00:00:26,200 --> 00:00:28,920 Speaker 2: a rallying big here in the pre market. So they 8 00:00:28,960 --> 00:00:33,640 Speaker 2: have begun placing sizable orders to purchase mortgage backed securities 9 00:00:33,920 --> 00:00:36,360 Speaker 2: amid a surge in volatility. And remember, just a couple 10 00:00:36,440 --> 00:00:39,360 Speaker 2: months ago, President Trump instructed Fanny May and Freddie Mack 11 00:00:39,360 --> 00:00:43,120 Speaker 2: to acquire two hundred billion dollars worth of mortgage backed securities. 12 00:00:43,159 --> 00:00:45,240 Speaker 2: That was part of his push to drive down mortgage 13 00:00:45,320 --> 00:00:49,000 Speaker 2: rates and you know, make housing more affordable. The increased 14 00:00:49,000 --> 00:00:51,720 Speaker 2: buying could help cushion a spike triggered by the Iran 15 00:00:51,760 --> 00:00:54,840 Speaker 2: war that has sent rates to a three month high. Remember, 16 00:00:55,120 --> 00:00:57,920 Speaker 2: mortgage rates had fallen below I guess it was six 17 00:00:57,960 --> 00:01:00,120 Speaker 2: percent just a couple of weeks ago, and so now 18 00:01:00,200 --> 00:01:02,400 Speaker 2: they're more The last check was about six point thirty 19 00:01:02,440 --> 00:01:05,399 Speaker 2: percent for a thirty year. But still experts say this 20 00:01:05,480 --> 00:01:08,880 Speaker 2: may only partially offset the broader market pressures stemming from 21 00:01:08,880 --> 00:01:12,080 Speaker 2: the conflict in the Middle East, which is really what's 22 00:01:12,120 --> 00:01:15,399 Speaker 2: pushing yields. I mean, the two year now above four percent, 23 00:01:15,520 --> 00:01:17,720 Speaker 2: or was above four percent, I should say, for the 24 00:01:17,760 --> 00:01:20,319 Speaker 2: first time since June earlier. Today it's now back down 25 00:01:20,360 --> 00:01:22,119 Speaker 2: to three point eighty six percent. But the ten year 26 00:01:22,160 --> 00:01:24,280 Speaker 2: at four point thirty five percent. We know that's tied 27 00:01:24,319 --> 00:01:28,279 Speaker 2: to mortgage rate. So Fanny and Freddy doing well today. 28 00:01:28,480 --> 00:01:31,520 Speaker 2: Also want to talk a little bit about Pfizer. That 29 00:01:31,640 --> 00:01:33,479 Speaker 2: stock is getting a booster. I just want to check 30 00:01:33,520 --> 00:01:36,840 Speaker 2: the latest on Pfizer. Don't want to give you miss misinformation. 31 00:01:36,959 --> 00:01:37,160 Speaker 1: It is. 32 00:01:37,440 --> 00:01:39,480 Speaker 2: Oh, it's only up about three tens of a percent 33 00:01:39,560 --> 00:01:41,800 Speaker 2: right now, but we'll take it. It said his experimental 34 00:01:41,840 --> 00:01:45,679 Speaker 2: lime disease vaccine was seventy three percent effective against the 35 00:01:45,720 --> 00:01:48,960 Speaker 2: tick borne illness, though fewer than expected cases in a 36 00:01:49,000 --> 00:01:51,559 Speaker 2: study made it hard to determine how well it works 37 00:01:51,600 --> 00:01:56,160 Speaker 2: on a large scale. But nevertheless, this is encouraging news 38 00:01:55,840 --> 00:01:59,639 Speaker 2: for those who suffer from lime disease. There is currently 39 00:01:59,680 --> 00:02:01,880 Speaker 2: no que and vaccine for the disease. I know it's 40 00:02:01,880 --> 00:02:04,920 Speaker 2: brutal so many people, particularly in this area right right, 41 00:02:04,960 --> 00:02:06,200 Speaker 2: and you know, and also it's going to be the 42 00:02:06,240 --> 00:02:09,119 Speaker 2: season soon, so you know, pull the socks up over 43 00:02:09,160 --> 00:02:12,160 Speaker 2: the pants and you know, long sleeves even though it's 44 00:02:12,200 --> 00:02:13,880 Speaker 2: like a hundred degrees out. That's what you've got to do. 45 00:02:13,919 --> 00:02:16,400 Speaker 2: That's like our only defense right now, all right. And 46 00:02:16,440 --> 00:02:19,720 Speaker 2: then shares in Draft Kings and Flutter they're doing really 47 00:02:19,760 --> 00:02:23,520 Speaker 2: well here. This morning, the US Senate or a number 48 00:02:23,560 --> 00:02:27,079 Speaker 2: of US senators set to introduce bipartisan legislation to ban 49 00:02:27,320 --> 00:02:30,760 Speaker 2: sports bets on prediction markets. So we're talking about Calshi 50 00:02:31,200 --> 00:02:35,320 Speaker 2: and polymarket, so these exchanges could be blocked from listing 51 00:02:35,360 --> 00:02:37,279 Speaker 2: sporting events related contracts. 52 00:02:38,480 --> 00:02:42,520 Speaker 1: The Stock Movers Report from Bloomberg Radio. Check back with 53 00:02:42,600 --> 00:02:45,160 Speaker 1: us throughout the day for the latest roundup of companies 54 00:02:45,240 --> 00:02:48,320 Speaker 1: making news on Wall Street and for the latest market 55 00:02:48,360 --> 00:02:52,840 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 56 00:02:52,919 --> 00:02:56,440 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 57 00:02:56,480 --> 00:02:58,000 Speaker 1: the Bloomberg Business app.