1 00:00:00,520 --> 00:00:04,120 Speaker 1: Hi, I'm Barry Ridolts introducing you to the new Stock 2 00:00:04,200 --> 00:00:08,280 Speaker 1: Movers podcast from Bloomberg. The show brings you short episodes 3 00:00:08,440 --> 00:00:12,160 Speaker 1: five minutes or less, covering the stocks making gains and 4 00:00:12,200 --> 00:00:16,920 Speaker 1: losses in today's trading. Subscribe to Stock Movers on Apple, Spotify, 5 00:00:17,160 --> 00:00:20,560 Speaker 1: or anywhere you get your podcasts. Here's a sample of 6 00:00:20,600 --> 00:00:23,280 Speaker 1: the latest episode from our team at Bloomberg. 7 00:00:25,040 --> 00:00:29,440 Speaker 2: The Stock Movers podcast your roundup of companies making moves 8 00:00:29,440 --> 00:00:35,960 Speaker 2: in the stock market. Harnessing the power of Bloomberg data. 9 00:00:34,520 --> 00:00:36,760 Speaker 3: Let's take a look at some stocks on the move today. 10 00:00:36,840 --> 00:00:40,360 Speaker 3: We are joined by Bloomberg's Valerie Titel and what feels 11 00:00:40,360 --> 00:00:44,680 Speaker 3: like a buy everything morning, Valerie. But let's focus in 12 00:00:44,720 --> 00:00:47,720 Speaker 3: on some of the stocks making news this morning, including 13 00:00:47,840 --> 00:00:51,279 Speaker 3: earnings just in the pre market from AT and T. 14 00:00:51,400 --> 00:00:53,880 Speaker 3: Do we have to rethink what we're thinking about the 15 00:00:53,960 --> 00:00:55,760 Speaker 3: cell phone business after these results? 16 00:00:56,000 --> 00:00:56,200 Speaker 2: Yeah? 17 00:00:56,240 --> 00:01:00,400 Speaker 4: Look AT and T did top estimates for mobile phone cuts. 18 00:01:00,400 --> 00:01:02,960 Speaker 4: It comes a day after the Verizon miss. Seems to 19 00:01:02,960 --> 00:01:05,399 Speaker 4: be the story here is that AT and T is 20 00:01:05,440 --> 00:01:09,560 Speaker 4: attracting new customers more than analysts expected. Maybe some evidence 21 00:01:09,959 --> 00:01:13,560 Speaker 4: that AT and T is luring customers from rivals like 22 00:01:13,680 --> 00:01:16,680 Speaker 4: Verizon in the highly competitive mobile phone market. It also 23 00:01:16,840 --> 00:01:20,679 Speaker 4: reiterated its twenty twenty five full year guidance. The next 24 00:01:20,680 --> 00:01:23,920 Speaker 4: big telecom to report is T Mobile on Thursday. But 25 00:01:23,959 --> 00:01:25,640 Speaker 4: there are some good news out there for AT and 26 00:01:25,640 --> 00:01:28,360 Speaker 4: T after the Verizon miss yesterday. AT and T up 27 00:01:28,400 --> 00:01:29,560 Speaker 4: four and a half percent. 28 00:01:29,760 --> 00:01:31,400 Speaker 3: All right, we'll giving us a preview what we're going 29 00:01:31,440 --> 00:01:33,840 Speaker 3: to be talking about tomorrow. But let's talk about what 30 00:01:33,920 --> 00:01:37,280 Speaker 3: we've been discussing well since late yesterday. 31 00:01:37,760 --> 00:01:38,240 Speaker 1: Tesla. 32 00:01:38,440 --> 00:01:42,120 Speaker 3: The earnings came in week, but Elon Musk's words have 33 00:01:42,240 --> 00:01:44,640 Speaker 3: the stock surging this morning exactly. 34 00:01:44,640 --> 00:01:48,040 Speaker 4: Tesla shares up nearly six point seven percent. It's leading 35 00:01:48,080 --> 00:01:51,400 Speaker 4: gains across the mag seven this morning. This all comes 36 00:01:51,400 --> 00:01:55,160 Speaker 4: after Elon Musk said he will pull back significantly from 37 00:01:55,160 --> 00:01:58,440 Speaker 4: his work with the US government next month. Musk made 38 00:01:58,440 --> 00:02:00,800 Speaker 4: that announcement after the company did report force qured to 39 00:02:00,840 --> 00:02:04,480 Speaker 4: profit and revenue that fell short of expectations. They also 40 00:02:04,600 --> 00:02:07,880 Speaker 4: backed off an earlier forecast of sales growing this year. 41 00:02:07,920 --> 00:02:11,160 Speaker 4: So some negative news in those company earnings, but the 42 00:02:11,160 --> 00:02:13,679 Speaker 4: positive spin is that elong Musk is going to be 43 00:02:13,720 --> 00:02:17,720 Speaker 4: spending more time working on Tesla rather than at Doze 44 00:02:17,760 --> 00:02:20,320 Speaker 4: within the government. And the market really likes what it hears, 45 00:02:20,400 --> 00:02:23,200 Speaker 4: with that six point six percent higher for that Tesla 46 00:02:23,360 --> 00:02:25,840 Speaker 4: share trading at two hundred and fifty three dollars a share. 47 00:02:26,080 --> 00:02:28,240 Speaker 3: Now, we generally talk about the market likes what it 48 00:02:28,320 --> 00:02:31,639 Speaker 3: hears when it hears job cuts coming from many companies. 49 00:02:31,720 --> 00:02:33,680 Speaker 3: That seems to be the case this morning as well 50 00:02:33,760 --> 00:02:36,120 Speaker 3: for Intel. Definitely the case for Intel. 51 00:02:36,120 --> 00:02:38,560 Speaker 4: Intel's up nearly five percent so far this morning in 52 00:02:38,639 --> 00:02:41,720 Speaker 4: pre market trade. The company is expected to announce plans 53 00:02:41,760 --> 00:02:43,680 Speaker 4: to cut more than twenty percent of. 54 00:02:43,639 --> 00:02:44,760 Speaker 1: Its staff this week. 55 00:02:45,160 --> 00:02:47,680 Speaker 4: The source says the move is part of a big 56 00:02:47,720 --> 00:02:52,200 Speaker 4: bid to streamline management, eliminate bureocracy, rebuild the engineering a 57 00:02:52,320 --> 00:02:54,799 Speaker 4: driven culture at the struggling chip maker. And now this 58 00:02:55,200 --> 00:02:58,840 Speaker 4: report comes ahead of Intel's first quarter results which are 59 00:02:58,880 --> 00:03:01,880 Speaker 4: coming on Thursday, which may give the CEO an opportunity 60 00:03:01,919 --> 00:03:04,320 Speaker 4: to flesh out this a bit more, lay out more 61 00:03:04,360 --> 00:03:07,560 Speaker 4: of his strategy regarding these redundancies. But the shares of 62 00:03:07,560 --> 00:03:10,120 Speaker 4: Intel up nearly five percent this morning after there was 63 00:03:10,160 --> 00:03:12,919 Speaker 4: a report to announce plans to cut more than twenty 64 00:03:12,919 --> 00:03:13,840 Speaker 4: percent of its staff. 65 00:03:14,000 --> 00:03:17,799 Speaker 3: Now, another big tech company across the pond is seeing 66 00:03:17,800 --> 00:03:21,240 Speaker 3: a big move this morning. Tell Us What's happening with SAP. 67 00:03:21,600 --> 00:03:24,800 Speaker 4: SAP yep of ten percent in Germany this morning. This 68 00:03:24,919 --> 00:03:28,800 Speaker 4: is the German business software group, known as the bigger 69 00:03:28,880 --> 00:03:31,520 Speaker 4: tech company here in Europe, gaining the most in six 70 00:03:31,720 --> 00:03:35,760 Speaker 4: years after first quarter profit topped analyst estimates. It was 71 00:03:35,800 --> 00:03:39,280 Speaker 4: fueled all by this pivot to cloud services, but seems 72 00:03:39,320 --> 00:03:43,000 Speaker 4: to be paying off for this German software group. That's 73 00:03:43,120 --> 00:03:45,760 Speaker 4: SAP up near ten percent. The stock has risen thirty 74 00:03:45,800 --> 00:03:48,160 Speaker 4: six percent over the last year. Its value has now 75 00:03:48,160 --> 00:03:51,040 Speaker 4: eclipsed to other European companies such as Novo, Nordes, the 76 00:03:51,120 --> 00:03:55,000 Speaker 4: drug maker, and LVMH In March, the. 77 00:03:55,040 --> 00:03:59,200 Speaker 2: Stock Movers podcast from Bloomberg Radio. Check back with us 78 00:03:59,240 --> 00:04:02,160 Speaker 2: throughout the day for the latest roundup of companies making 79 00:04:02,240 --> 00:04:05,800 Speaker 2: news on Wall Street and for the latest market moving headlines. 80 00:04:05,960 --> 00:04:09,880 Speaker 2: Listen to Bloomberg Radio Live. Catch us on YouTube, Bloomberg 81 00:04:09,920 --> 00:04:12,720 Speaker 2: dot com, and on Applecarplay and Android Auto with the 82 00:04:12,760 --> 00:04:14,120 Speaker 2: Bloomberg Business app.