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Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast,

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Speaker 1: your roundup of companies making moves in the stock market,

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Speaker 1: harnessing the power of Bloomberg data.

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Speaker 2: Let's get some market drivers updates here. Let's go to

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Speaker 2: Lisa Matteo for some stocks on the move. All right,

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Speaker 2: so overall market kind of a little lower as we

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Speaker 2: head into the open in about thirty minutes time the

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Speaker 2: cash open.

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Speaker 3: Let's stop too watching, gotta have Lululemon, want to start there.

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Speaker 3: The shares have been down more than eleven percent this morning. Yeah,

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Speaker 3: so they had the disappointing outlook for the year. It's

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Speaker 3: CEO is saying that shoppers are just watching their spending.

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Speaker 3: They're visiting stores less open. You know, we got the

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Speaker 3: economic data the show personal income was higher, spending was lower.

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Speaker 3: The company's really been trying to revive its slowing sales,

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Speaker 3: but the trade war it really hasn't helped. I mean,

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Speaker 3: the company is based in Vancouver, first of all, but

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Speaker 3: a filing shows that it's goods are primarily manufactured in Asia,

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Speaker 3: so that includes places like Vietnam, Cambo, Sri Lanka. But

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Speaker 3: the numbers itself okay, so it expects fiscal years sales

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Speaker 3: to be in the range of eleven point one five

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Speaker 3: billion to eleven point three billion, and that's lower than

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Speaker 3: what the street expected. The outlook for the first quarter

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Speaker 3: revenue also missed expectations. But they're doing some changes. They're

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Speaker 3: trying to shake things up a bit. So one of

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Speaker 3: the things they're doing they're adding gear for sports like

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Speaker 3: golf and tennis and running, so they're trying to kind

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Speaker 3: of expand. And they're also trying to get to looser styles.

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Speaker 2: Instead of like, I know, I know, I know, late

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Speaker 2: are they to that time? I feel like the whole

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Speaker 2: Baggy widely Jans things already happened, and now they're trying

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Speaker 2: to get in and now they're trying to get on

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Speaker 2: the baggie, which is also weird because if you buy

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Speaker 2: these clothes and you're going to do yoga, like you

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Speaker 2: actually need tighter clothes so the instructor can see how

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Speaker 2: you're moving. So that's also kind of weird.

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Speaker 3: But yeah, I editorialize, but it's no, but it's going

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Speaker 3: to the bag of full disclosure. I got a pair

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Speaker 3: of the Baggy lulouse for Christmas and I do love

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Speaker 3: them too.

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Speaker 2: Would you work out in them where they just like

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Speaker 2: hang out.

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Speaker 3: No, they're hanging out clothes. Yet I can't work out

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Speaker 3: of them because they're too they getting the way.

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Speaker 2: You got for Christmas? I know.

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Speaker 3: It's the only time I get on Principal.

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Speaker 2: I just you know, because you guys, did you get

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Speaker 2: J Max all the way? Yeah?

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Speaker 3: Yes, no, no, no, no, even knock Off we Go

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Speaker 3: TX they had the brand names.

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Speaker 1: Okay, but I see they had the brand names. Please knockoffs.

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Speaker 3: As having a great time, okay. Also want to get

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Speaker 3: to nip On steeled US steal Okay. So nip On

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Speaker 3: steel shares they were down more than four percent in Japan.

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Speaker 3: US steel shares up as much as five percent this morning.

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Speaker 3: So here's the reason. There's a report from Semaphore that

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Speaker 3: said that Nipon is considering investing as much as seven

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Speaker 3: billion dollars to upgrade US steel facilities if it wins

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Speaker 3: that approval for that propose, you know, fourteen point one

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Speaker 3: billion dollars takeover. But the thing is it's a big

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Speaker 3: increase from the two point seven billion pack pledge that

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Speaker 3: Nipon had previously made. So they went from two point

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Speaker 3: seven to seven billion. Wow. And Semaphore is saying the

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Speaker 3: two companies are in active talks to try and kind

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Speaker 3: of salvage that transaction. It was originally announced and back

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Speaker 3: in late twenty three, but nip On Steel and US steal.

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Speaker 3: They didn't comment on the report. But here's the thing.

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Speaker 3: Officials are meeting. Nippon Steel executives are in Washington. They're

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Speaker 3: meeting with White House officials. They're hoping to get it approved.

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Speaker 3: We'll see what happens.

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Speaker 1: So the deal is not dead.

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Speaker 3: I guess it's not dead. President Trump said he was

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Speaker 3: opposed to the takeover, but he would be in favor

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Speaker 3: of Nippon taking a minority stake in US Steel. So

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Speaker 3: this is still ongoing. The bankers and lawyers are working, working, hard, working, hard,

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Speaker 3: working hard. And last rocket Lab one to point this

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Speaker 3: out because their shares were up crazy this morning, as

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Speaker 3: much as twelve percent in pre market. Selected by the

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Speaker 3: US Space Force to complete for this five point six

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Speaker 3: billion dollar program. The contract has a five year ordering

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Speaker 3: period I'll run through June twenty twenty nine. Specifically, the

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Speaker 3: company is saying it's going to compete for quote, the

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Speaker 3: Department of Defense's missions for its National Security Space Launch

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Speaker 3: Phase three Lane one program I mean, all this space

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Speaker 3: talk is a little bit crazy for me. But Rocket

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Speaker 3: Labs launch vehicle for the pro is going to be Neutron.

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Speaker 3: It's this new reusable medium lift rocket. But they expect

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Speaker 3: that it's going to have three neutrons available in twenty

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Speaker 3: twenty six, another five and twenty twenty seven. So that's

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Speaker 3: really showing that Space Force could become this important customer.

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Speaker 3: But City Analyst, they loved it. They said it's positive

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Speaker 3: for the stock.

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Speaker 1: The Stock Movers podcast from Bloomberg Radio. Check back with

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Speaker 1: us throughout today for the latest roundup of companies making

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Speaker 1: news on Wall Street and for the latest market moving headlines.

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