Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market. Harnessing the power of Bloomberg Data.
Speaker 1: Let's take a look at some stocks on the move today.
Speaker 1: I'm Nathan Hager, joined by Bloomberg's Valerie Tittel. Valerie, good morning.
Speaker 1: Let's talk about what's going on with Boeing. Looks like
Speaker 1: the planemakers looking to get some deals done this week.
Speaker 3: And it could be a huge deal, as the US
Speaker 3: Ambassador to China, David Purdue has said.
Speaker 2: But yes.
Speaker 3: Boeing shares up nearly three percent so far in pre
Speaker 3: market trade. This comes after some news that the US
Speaker 3: and China are in a final stages of negotiation for
Speaker 3: a huge Boeing aircraft order. This is coming from the
Speaker 3: US Ambassador to China, David Purdue, saying that the deal
Speaker 3: is very important to the President and very important to China.
Speaker 2: Now.
Speaker 3: Boeing has been working towards this deal with China to
Speaker 3: sell as many as five hundred aircraft, and a transaction
Speaker 3: that would end a sales drought that stretches all the
Speaker 3: way back to US President Donald Trump's last visit to
Speaker 3: China in twenty seventeen, but perhaps after the TikTok deals
Speaker 3: just another sign of thawing frosty ties between Trump and
Speaker 3: g in the world's two largest economies.
Speaker 1: And this is fascinating. Valerie, We got to talk about
Speaker 1: tailanyl maker ken View after the announcement from the White House.
Speaker 1: That stock is getting quite a bit this morning.
Speaker 2: It is.
Speaker 3: It's up nearly six percent so far yesterday, so far
Speaker 3: today in pre market. No, yesterday the stock hit a
Speaker 3: record low at the close, down over seven percent. Ken
Speaker 3: View is the maker of tailanol, and it fell yesterday
Speaker 3: on reports that Trump administration what's going to link its
Speaker 3: use in pregnancy to autism. But it does seem investor
Speaker 3: fears in yesterday's move. We're now overdone given there's no
Speaker 3: new evidence that was presented by the White House. City
Speaker 3: analysts actually noting the lack of new evidence and the
Speaker 3: limited judicial risk following the announcement by the President means
Speaker 3: that perhaps there is some upside risk in the stock,
Speaker 3: and we are seeing it this morning with ken Do
Speaker 3: you erasing much of its loss yesterday?
Speaker 1: Yeah, we're seeing that as the biggest upside mover in
Speaker 1: the pre market this morning, and the biggest downside mover
Speaker 1: Firefly Aerospace.
Speaker 3: Yeah, no, this one's an interesting one. This is a
Speaker 3: space and defense technology company. It's down near eleven percent
Speaker 3: in pre market trade. It ipoed back in August, and
Speaker 3: it was its first earnings release. Last night, it gave
Speaker 3: an underwhelming revenue number and it's now trading below its
Speaker 3: IPO price of forty five dollars a share, trading at
Speaker 3: forty four to twenty now. Firefly focuses on small rocket
Speaker 3: launchers for satellites and lunar missions. And you might remember
Speaker 3: it from back in March when it landed a privately
Speaker 3: developed spacecraft on the Moon in partnership with NASA. But
Speaker 3: it's looking like it's revenue numbers that they stated yesterday
Speaker 3: just aren't impressing investors at the moment. So Firefly trading
Speaker 3: below its IPO price, down eleven percent.
Speaker 1: And finally, Valerie, maybe we need to do a little
Speaker 1: bit of a meme stock check here. What's going on
Speaker 1: with Better Home and Finance?
Speaker 3: A little bit of frenzy, shall I say? The stock
Speaker 3: soared in the session as much as one hundred and
Speaker 3: seventy five percent yesterday, it's up twenty eight percent again today.
Speaker 3: This all has to do with Eric Jackson, who said
Speaker 3: his hedge fund had bet on the stock. Now, Eric
Speaker 3: Jackson was the same man who sparked the retail driven
Speaker 3: rally in open Door a few months ago. Now this stock,
Speaker 3: Better Home and Finance, is an online mortgage company. He
Speaker 3: posted on x and a series of posts that the
Speaker 3: stock could rise three hundred and fifty times. Part of
Speaker 3: his bullish rationale was that the AI efforts led by
Speaker 3: Better will let it scale lending dramatically while keeping headcount low.
Speaker 3: So there's still a frenzy around the stock. This morning,
Speaker 3: Better Home and Finance of twenty six months.
Speaker 2: The Stockmover's Report from Bloomberg Radio. Check back with us
Speaker 2: throughout the day for the latest roundup of companies making
Speaker 2: news on Wall Street and for the latest market moving headlines.
Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg
Speaker 2: dot com, and on Applecarplay and Android Auto with the
Speaker 2: Bloomberg Business app.