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 3: I'm Jim Statific along with Carol Masser. Let's take a
Speaker 3: look at some stocks on the move today with us
Speaker 3: is Bloomberg News process at reporter Emily GRIFFEO Emily. The
Speaker 3: mag seven taking a bit of a hit today among
Speaker 3: the worst movers. When it comes to mag seven, an
Speaker 3: EV company, then what do we call it an EV
Speaker 3: company anymore?
Speaker 2: Yeah?
Speaker 4: An EV company and robotics and AI technology. Have you
Speaker 4: not seen, Michael, that they do humanoid robots?
Speaker 3: I've seen what they sell it it's mostly cars. We're
Speaker 3: talking about Tesla.
Speaker 4: Right, We're talking about Tesla. Yes, ticker t SLA biggest
Speaker 4: injur Day drop since July. It was down over five percent.
Speaker 4: It's regained a little bit, but it's still down about
Speaker 4: four percent. After data showing that European sales of the
Speaker 4: carmaker fell twenty two percent in August, so that gives
Speaker 4: the company a market share in Europe of just one
Speaker 4: point nine percent. This is a report from the European
Speaker 4: Automobile Manufacturers Association. We get this report every month. It
Speaker 4: actually often tends to move Tesla's stock price. And Europeans
Speaker 4: are still buying other evs, but just not Tesla's as much.
Speaker 4: We did see ev sales rise in the region in August,
Speaker 4: but the Tesla sales dropping.
Speaker 2: Not so good.
Speaker 1: Not so good. On the flip side, Intel continuing to
Speaker 1: have another good day.
Speaker 4: Yeah, Intel extending gains for a third day. It's up
Speaker 4: seven percent and it's extending again after Bloomberg reported yesterday
Speaker 4: that the chip maker had approached Apple to ask for
Speaker 4: an investment. This is just the latest of a series
Speaker 4: of Intel headlines that we've gotten in the last couple weeks.
Speaker 4: The stock is up thirty six percent over the last month,
Speaker 4: and this is tigger intc Intel. Our reporting is citing
Speaker 4: people familiar with the matter. The latest that we know
Speaker 4: now is that Apple and Intel have also discussed how
Speaker 4: to work more closely together, and that the talks are
Speaker 4: early stage and may not lead to an agreement. But
Speaker 4: the headline here is that Intel approach Apple for an investment.
Speaker 1: Well, and it's our Mark German said, because we were
Speaker 1: talking to him, like why would Apple do it? And
Speaker 1: we really talked about kind of political clout. I was
Speaker 1: calling it the presidential diplomacy or ceo presidential diplomacy. But
Speaker 1: it's kind of interesting. But he says, you know, tech CEOs,
Speaker 1: they kind of talk to each other all the time,
Speaker 1: these big two guys.
Speaker 4: Yeah, this would be you know, like like we said,
Speaker 4: the string in the latest of different investments. Obviously, last
Speaker 4: week we saw five billion dollar investment by Nvidia, Intel, Intel,
Speaker 4: we've seen the actual US government investing. And just for
Speaker 4: context here, I'm sure you guys know because you talked
Speaker 4: to a lot of tech analysts. But Apple was a
Speaker 4: longtime Intel customer but then switched to in house processors
Speaker 4: in the past five years, so maybe they're going back.
Speaker 4: Who knows, what do you want to go? CarMax. So
Speaker 4: Intel was the best performer in the S and P
Speaker 4: five hundred. Today the worst performer is CarMax, the used
Speaker 4: car retailer, plunging down twenty percent to five year lows.
Speaker 4: Bad earnings. They missed EPs, net sales and operating revenue,
Speaker 4: and the street was pretty vocal about this earnings report.
Speaker 4: So Truest Financial Services said this was a quote miss
Speaker 4: across the board with quote really nothing good to see
Speaker 4: for carmas used vehicle sales coming in at five point
Speaker 4: two seven billion dollars, but that was down seven point
Speaker 4: two percent year over year and also missed estimates. The
Speaker 4: auto retailer actually pointed to a fallout from Trump's tariffs
Speaker 4: and rising distress among consumers as it reported these earnings.
Speaker 3: You know, I don't understand the environment here because I
Speaker 3: saw that. That's I saw that too, Emily, And just
Speaker 3: in our program Bloomberg Business Week Daily earlier on Thursday,
Speaker 3: we spoke with the CFO of a firm, Rob O'Hare,
Speaker 3: who said, the consumer is great right now. Everything we
Speaker 3: are seeing is fine.
Speaker 1: I am so confused.
Speaker 3: So if CarMax is out saying that the tariffs have
Speaker 3: caused this distress and people are pulling back, right, what
Speaker 3: are they saying? Look, her car is a big purchase.
Speaker 3: But yeah, if they're not seeing that at a firm,
Speaker 3: then I don't know what gifts I don't know.
Speaker 1: Right, these are the crossairs that we can't play for
Speaker 1: the uncertainty.
Speaker 4: Even our very own FED chair Jerome Powell, was talking
Speaker 4: recently about just how much uncertainty there is for business leaders.
Speaker 4: So yeah, CarMax takerr K m X down now almost
Speaker 4: twenty percent.
Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with
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