WEBVTT - Kenvue Rebound; Boeing Orders; Firefly Falls

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio News.

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<v Speaker 2>The Stock Movers Report, 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 1>Let's take a look at some stocks on the move today.

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<v Speaker 1>I'm Nathan Hager, joined by Bloomberg's Valerie Tittel. Valerie, good morning.

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<v Speaker 1>Let's talk about what's going on with Boeing. Looks like

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<v Speaker 1>the planemakers looking to get some deals done this week.

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<v Speaker 3>And it could be a huge deal, as the US

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<v Speaker 3>Ambassador to China, David Purdue has said.

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<v Speaker 2>But yes.

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<v Speaker 3>Boeing shares up nearly three percent so far in pre

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<v Speaker 3>market trade. This comes after some news that the US

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<v Speaker 3>and China are in a final stages of negotiation for

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<v Speaker 3>a huge Boeing aircraft order. This is coming from the

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<v Speaker 3>US Ambassador to China, David Purdue, saying that the deal

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<v Speaker 3>is very important to the President and very important to China.

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<v Speaker 2>Now.

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<v Speaker 3>Boeing has been working towards this deal with China to

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<v Speaker 3>sell as many as five hundred aircraft, and a transaction

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<v Speaker 3>that would end a sales drought that stretches all the

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<v Speaker 3>way back to US President Donald Trump's last visit to

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<v Speaker 3>China in twenty seventeen, but perhaps after the TikTok deals

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<v Speaker 3>just another sign of thawing frosty ties between Trump and

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<v Speaker 3>g in the world's two largest economies.

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<v Speaker 1>And this is fascinating. Valerie, We got to talk about

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<v Speaker 1>tailanyl maker ken View after the announcement from the White House.

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<v Speaker 1>That stock is getting quite a bit this morning.

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<v Speaker 2>It is.

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<v Speaker 3>It's up nearly six percent so far yesterday, so far

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<v Speaker 3>today in pre market. No, yesterday the stock hit a

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<v Speaker 3>record low at the close, down over seven percent. Ken

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<v Speaker 3>View is the maker of tailanol, and it fell yesterday

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<v Speaker 3>on reports that Trump administration what's going to link its

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<v Speaker 3>use in pregnancy to autism. But it does seem investor

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<v Speaker 3>fears in yesterday's move. We're now overdone given there's no

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<v Speaker 3>new evidence that was presented by the White House. City

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<v Speaker 3>analysts actually noting the lack of new evidence and the

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<v Speaker 3>limited judicial risk following the announcement by the President means

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<v Speaker 3>that perhaps there is some upside risk in the stock,

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<v Speaker 3>and we are seeing it this morning with ken Do

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<v Speaker 3>you erasing much of its loss yesterday?

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<v Speaker 1>Yeah, we're seeing that as the biggest upside mover in

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<v Speaker 1>the pre market this morning, and the biggest downside mover

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<v Speaker 1>Firefly Aerospace.

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<v Speaker 3>Yeah, no, this one's an interesting one. This is a

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<v Speaker 3>space and defense technology company. It's down near eleven percent

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<v Speaker 3>in pre market trade. It ipoed back in August, and

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<v Speaker 3>it was its first earnings release. Last night, it gave

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<v Speaker 3>an underwhelming revenue number and it's now trading below its

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<v Speaker 3>IPO price of forty five dollars a share, trading at

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<v Speaker 3>forty four to twenty now. Firefly focuses on small rocket

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<v Speaker 3>launchers for satellites and lunar missions. And you might remember

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<v Speaker 3>it from back in March when it landed a privately

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<v Speaker 3>developed spacecraft on the Moon in partnership with NASA. But

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<v Speaker 3>it's looking like it's revenue numbers that they stated yesterday

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<v Speaker 3>just aren't impressing investors at the moment. So Firefly trading

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<v Speaker 3>below its IPO price, down eleven percent.

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<v Speaker 1>And finally, Valerie, maybe we need to do a little

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<v Speaker 1>bit of a meme stock check here. What's going on

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<v Speaker 1>with Better Home and Finance?

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<v Speaker 3>A little bit of frenzy, shall I say? The stock

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<v Speaker 3>soared in the session as much as one hundred and

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<v Speaker 3>seventy five percent yesterday, it's up twenty eight percent again today.

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<v Speaker 3>This all has to do with Eric Jackson, who said

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<v Speaker 3>his hedge fund had bet on the stock. Now, Eric

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<v Speaker 3>Jackson was the same man who sparked the retail driven

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<v Speaker 3>rally in open Door a few months ago. Now this stock,

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<v Speaker 3>Better Home and Finance, is an online mortgage company. He

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<v Speaker 3>posted on x and a series of posts that the

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<v Speaker 3>stock could rise three hundred and fifty times. Part of

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<v Speaker 3>his bullish rationale was that the AI efforts led by

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<v Speaker 3>Better will let it scale lending dramatically while keeping headcount low.

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<v Speaker 3>So there's still a frenzy around the stock. This morning,

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<v Speaker 3>Better Home and Finance of twenty six months.

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<v Speaker 2>The Stockmover's Report from Bloomberg Radio. Check back with us

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