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

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

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Speaker 2: 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 4: I'm Nathan Hager, joined once again by Bloomberg's Valerie Titel.

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Speaker 3: Valerie, good morning.

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Speaker 4: Taking a look at renewable stocks to start, and this

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Speaker 4: is because of another announcement from President Trump.

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Speaker 3: Is it good morning?

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Speaker 2: Yeah.

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Speaker 1: These renewable stocks have really been all over the place

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Speaker 1: at the whim of the politics, but today they are falling.

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Speaker 1: That's after Trump has ordered stricter enforcement of clean energy

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Speaker 1: tax rules. We're seeing wind in solar stocks plummet so

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Speaker 1: far in the pre market. Sun Run down five percent,

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Speaker 1: in Phase down three and a half percent, Solar Edge

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Speaker 1: down over five percent so far in pre market trade.

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Speaker 1: It's also had impact on stocks in Europe, Vestas Wind

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Speaker 1: Systems the performing stocks in Europe today, down around three percent.

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Speaker 1: These new rules would restrict access to tax incentives for

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Speaker 1: wind insolar projects that have already been paired back by

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Speaker 1: Trump's three and a half trillion budget bill designed to

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Speaker 1: end green energy incentives. Now Nathan It has come to

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Speaker 1: light that this executive order comes after reports that the

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Speaker 1: Trump administration had struck a deal with the Freedom Caucus

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Speaker 1: to more closely scrutinize the incentives in exchange for support

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Speaker 1: for the budget package.

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Speaker 4: Now, you have also been following reports Valerie that Meta

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Speaker 4: Platforms is poaching from Apple now as it staffs up

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Speaker 4: its super intelligence team.

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Speaker 3: So how are those stocks doing now?

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Speaker 2: Yeah?

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Speaker 1: Meta is outperforming this morning, up six tents of one percent.

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Speaker 1: Apple is on the downside, down one tenth of one

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Speaker 1: percent in pre market. As this hiring spree continues for

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Speaker 1: Meta's AI push, they have now poached Apple's top AI

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Speaker 1: executive room and paying and another setback for Apple's struggling

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Speaker 1: AI efforts. Meta offered him a package worth tens of

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Speaker 1: millions of dollars per year, according to people with the familiar,

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Speaker 1: and his departure could be the start of a string

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Speaker 1: of exits from Apple's AI group. The Meta CEO, Mark Zuckerberg,

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Speaker 1: has been on a hiring spree lately, bringing in major

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Speaker 1: AI leaders including Scale AI's Alexander Wang, startup founder Daniel Gross,

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Speaker 1: and former GitHub CEO Nat Friedman, all with high compensation.

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Speaker 1: It seems like MetaStock is being rewarded so far this

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Speaker 1: morning on this recent hire, up seven tents of a

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Speaker 1: percent in pre market.

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Speaker 3: Well, it's staying the magnificent seven. Of course.

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Speaker 4: We've been watching Tesla shares after Elon Musk made his

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Speaker 4: political party announcement.

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Speaker 3: How's Tesla doing that?

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Speaker 1: It's gaining ground today, Nathan, up one point one percent.

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Speaker 1: This comes after the stock tumbled close to seven percent

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Speaker 1: yesterday on the announcement that Musk would launch a third

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Speaker 1: party called the America Party over the weekend. Did cause

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Speaker 1: some irk from the US President and the next risk

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Speaker 1: on the horizon for the Tesla stock will be their

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Speaker 1: earnings report coming in around two weeks time. But Tesla

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Speaker 1: is recovering so far this morning from that slide of yesterday,

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Speaker 1: up one point one percent.

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Speaker 4: Speaking of earnings, we got a bit of a warning

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Speaker 4: on that front from Exon Mobile.

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Speaker 1: Yeah, Exon Mobile to the downside, down six tens of

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Speaker 1: a percent this morning after they announced to late yesterday

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Speaker 1: they see a one point five billion dollar earnings hit

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Speaker 1: from lower oil and gas prices. This comes, you know,

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Speaker 1: as the European rival Shell yesterday fell three point three

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Speaker 1: percent after guiding significantly lower trading earnings in the previous quarter,

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Speaker 1: so it does seem like oil giants are pointing to

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Speaker 1: a downbeat quarter for the industry, which is already struggling

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Speaker 1: to generate enough free cash flow to cover the dividends

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Speaker 1: and share buybacks that were promised earlier this year. So

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Speaker 1: we do have an exon Mobile down four tens of

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Speaker 1: one percent.

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Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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