WEBVTT - The New Stock Movers Podcast: Sample Episode

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<v Speaker 1>Hi, I'm Barry Ridolts introducing you to the new Stock

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<v Speaker 1>Movers podcast from Bloomberg. The show brings you short episodes

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<v Speaker 1>five minutes or less, covering the stocks making gains and

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<v Speaker 1>losses in today's trading. Subscribe to Stock Movers on Apple, Spotify,

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<v Speaker 1>or anywhere you get your podcasts. Here's a sample of

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<v Speaker 1>the latest episode from our team at Bloomberg.

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<v Speaker 2>The Stock Movers podcast your roundup of companies making moves

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<v Speaker 2>in the stock market. Harnessing the power of Bloomberg data.

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

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<v Speaker 3>We are joined by Bloomberg's Valerie Titel and what feels

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<v Speaker 3>like a buy everything morning, Valerie. But let's focus in

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<v Speaker 3>on some of the stocks making news this morning, including

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<v Speaker 3>earnings just in the pre market from AT and T.

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<v Speaker 3>Do we have to rethink what we're thinking about the

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<v Speaker 3>cell phone business after these results?

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<v Speaker 2>Yeah?

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<v Speaker 4>Look AT and T did top estimates for mobile phone cuts.

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<v Speaker 4>It comes a day after the Verizon miss. Seems to

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<v Speaker 4>be the story here is that AT and T is

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<v Speaker 4>attracting new customers more than analysts expected. Maybe some evidence

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<v Speaker 4>that AT and T is luring customers from rivals like

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<v Speaker 4>Verizon in the highly competitive mobile phone market. It also

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<v Speaker 4>reiterated its twenty twenty five full year guidance. The next

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<v Speaker 4>big telecom to report is T Mobile on Thursday. But

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<v Speaker 4>there are some good news out there for AT and

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<v Speaker 4>T after the Verizon miss yesterday. AT and T up

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<v Speaker 4>four and a half percent.

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<v Speaker 3>All right, we'll giving us a preview what we're going

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<v Speaker 3>to be talking about tomorrow. But let's talk about what

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<v Speaker 3>we've been discussing well since late yesterday.

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<v Speaker 1>Tesla.

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<v Speaker 3>The earnings came in week, but Elon Musk's words have

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<v Speaker 3>the stock surging this morning exactly.

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<v Speaker 4>Tesla shares up nearly six point seven percent. It's leading

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<v Speaker 4>gains across the mag seven this morning. This all comes

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<v Speaker 4>after Elon Musk said he will pull back significantly from

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<v Speaker 4>his work with the US government next month. Musk made

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<v Speaker 4>that announcement after the company did report force qured to

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<v Speaker 4>profit and revenue that fell short of expectations. They also

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<v Speaker 4>backed off an earlier forecast of sales growing this year.

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<v Speaker 4>So some negative news in those company earnings, but the

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<v Speaker 4>positive spin is that elong Musk is going to be

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<v Speaker 4>spending more time working on Tesla rather than at Doze

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<v Speaker 4>within the government. And the market really likes what it hears,

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<v Speaker 4>with that six point six percent higher for that Tesla

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<v Speaker 4>share trading at two hundred and fifty three dollars a share.

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<v Speaker 3>Now, we generally talk about the market likes what it

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<v Speaker 3>hears when it hears job cuts coming from many companies.

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<v Speaker 3>That seems to be the case this morning as well

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<v Speaker 3>for Intel. Definitely the case for Intel.

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<v Speaker 4>Intel's up nearly five percent so far this morning in

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<v Speaker 4>pre market trade. The company is expected to announce plans

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<v Speaker 4>to cut more than twenty percent of.

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<v Speaker 1>Its staff this week.

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<v Speaker 4>The source says the move is part of a big

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<v Speaker 4>bid to streamline management, eliminate bureocracy, rebuild the engineering a

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<v Speaker 4>driven culture at the struggling chip maker. And now this

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<v Speaker 4>report comes ahead of Intel's first quarter results which are

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<v Speaker 4>coming on Thursday, which may give the CEO an opportunity

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<v Speaker 4>to flesh out this a bit more, lay out more

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<v Speaker 4>of his strategy regarding these redundancies. But the shares of

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<v Speaker 4>Intel up nearly five percent this morning after there was

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<v Speaker 4>a report to announce plans to cut more than twenty

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<v Speaker 4>percent of its staff.

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<v Speaker 3>Now, another big tech company across the pond is seeing

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<v Speaker 3>a big move this morning. Tell Us What's happening with SAP.

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<v Speaker 4>SAP yep of ten percent in Germany this morning. This

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<v Speaker 4>is the German business software group, known as the bigger

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<v Speaker 4>tech company here in Europe, gaining the most in six

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<v Speaker 4>years after first quarter profit topped analyst estimates. It was

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<v Speaker 4>fueled all by this pivot to cloud services, but seems

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<v Speaker 4>to be paying off for this German software group. That's

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<v Speaker 4>SAP up near ten percent. The stock has risen thirty

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<v Speaker 4>six percent over the last year. Its value has now

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<v Speaker 4>eclipsed to other European companies such as Novo, Nordes, the

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<v Speaker 4>drug maker, and LVMH In March, the.

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<v Speaker 2>Stock Movers podcast from Bloomberg Radio. Check back with us

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<v Speaker 2>throughout the day for the latest roundup of companies making

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<v Speaker 2>news on Wall Street and for the latest market moving headlines.

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<v Speaker 2>Listen to Bloomberg Radio Live. Catch us on YouTube, Bloomberg

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<v Speaker 2>dot com, and on Applecarplay and Android Auto with the

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<v Speaker 2>Bloomberg Business app.