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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: The Stock Movers podcast, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg data.

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Speaker 3: Let's take a look at some stocks on the move today.

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Speaker 1: I'm Nathan Hager, joined by Bloomberg's Kritty Goopeda Kritty. We

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Speaker 1: got to start off with the banks. We got Bank

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Speaker 1: of America earnings this morning. They dropped the initial rollout.

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Speaker 1: Now Bank of America is in the green.

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Speaker 4: Good morning, Good morning, Nathan, a complete turnaround story in

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Speaker 4: just a few minutes. BAC is your tick over Bank

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Speaker 4: of America. And as you said, it is flying this morning,

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Speaker 4: Hire by two point four percent in the pre market

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Speaker 4: and climbing as I speak, Hire trading it about we

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Speaker 4: just call it forty seven dollars and change the tacker BAC,

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Speaker 4: as I mentioned. But I mean these inter day charts,

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Speaker 4: which work beautifully on radio, really tell the story, which

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Speaker 4: is that this kind of spike hire that you've seen

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Speaker 4: is now reflecked in every financial stock that is trading

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Speaker 4: this morning. And remember we are still waiting for some

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Speaker 4: of the other bank earnings across the wire as well

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Speaker 4: this morning. But the big, big takeaway, and I have

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Speaker 4: my cheat cheat up for our very own Wall Street

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Speaker 4: correspondent Sali Bassic basically saying that it's their net interest

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Speaker 4: income guidance that is stable, and that's going to be really,

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Speaker 4: really crucial in terms of what we see there. Remember,

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Speaker 4: Brian moyny has also been very, very positive when it

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Speaker 4: comes to the US economy.

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Speaker 3: So keep an eye on Bank of America.

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Speaker 4: BAC is the ticker looking forward, of course, is seeing

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Speaker 4: what the commentary looks like around that stock. In the meantime,

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Speaker 4: a couple of others I want to put on your

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Speaker 4: radar as well, Nathan. One of them is specifically ASML,

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Speaker 4: and this is of course a European company, one of

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Speaker 4: the major kind of chip equipment makers, but is listed

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Speaker 4: when it comes to the US markets, and that's going

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Speaker 4: to be a crucial one. It is one of the

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Speaker 4: biggest droppers in biggest weights, biggest droppers. I'm gonna go

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Speaker 4: ahead and call it when it comes to the European market.

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Speaker 3: So ASML, we're gonna talk about the ad rs there.

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Speaker 4: Really take looking a beating down about seven point seven

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Speaker 4: percent this morning, trading at seven hundred and fifty nine

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Speaker 4: dollars a share, and the ripple effect across a lot

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Speaker 4: of these chip stocks is crucial. You see it in

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Speaker 4: the likes of Lamb Research, for example lr CX as

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Speaker 4: your ticker, down two point six percent, trading at ninety

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Speaker 4: eight dollars a share and still dropping as we speak.

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Speaker 3: It's not just Lamb Research. It Applied Materials is the other.

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Speaker 4: One, AMAT down about two point six percent, trading at

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Speaker 4: one hundred and ninety four dollars a share. There, so

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Speaker 4: seeing some real pain when it comes to chip maker stock.

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Speaker 4: The guidance around ASML is really the canary and the

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Speaker 4: coal mine here because it is falling the most since April,

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Speaker 4: and that is crucial. The CEO walking back that growth

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Speaker 4: forecast to complete, talk about turnaround that you are seeing

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Speaker 4: in the chip sector. And this is of course after

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Speaker 4: the fact that we've seen the volatility around whether or

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Speaker 4: not the likes of Nvidia, AMD et cetera can actually

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Speaker 4: export some of the chips from the United States to China.

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Speaker 3: So we'll see how that all shakes out.

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Speaker 4: But speaking of policy out of Washington really impacting a sector,

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Speaker 4: let's talk a little bit about the pharmaceutical sector. Nathan,

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Speaker 4: I think that is crucial this morning, Johnson and Johnson

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Speaker 4: is an interesting one. Remember, Donald Trump is talked about

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Speaker 4: pharmaceutical tariffs coming as soon as the end of this month,

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Speaker 4: is far earlier than a lot of folks expected. He's

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Speaker 4: talking about an earlier start and then ultimately trying to

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Speaker 4: build it up to two hundred percent eventually. But what

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Speaker 4: that does is not shape the pharmaceutical sector very much.

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Speaker 4: And there seems to be an appreciation here that this

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Speaker 4: was largely expected. There is a slow ramp up as

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Speaker 4: opposed to a massive number imposed at the start. Johnson Johnson,

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Speaker 4: and I think is the key one that you want

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Speaker 4: to keep an eye on here. Jay and Jay is

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Speaker 4: your ticker hire by one point three percent, because they

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Speaker 4: actually just reported earnings this morning and they're talking about

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Speaker 4: beating Wall Streets expectations. They raise their full year outlook.

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Speaker 4: Not a lot of pharmaceutical companies are doing that. And

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Speaker 4: they're also saying that the tariff story may not be

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Speaker 4: that scary because there is an appreciation from just how

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Speaker 4: complex the supply chains are. So that's going to be

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Speaker 4: one narrative you want to watch it this morning.

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Speaker 2: Nathan Stockmovers podcast from Bloomberg Radio check Back with Us

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Speaker 2: throughout the day. For the latest roundup of companies making

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Speaker 2: news on Wall Street, and for the latest market moving headlines.

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