1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,640 --> 00:00:13,040 Speaker 2: The Stock Movers podcast, your roundup of companies making moves 3 00:00:13,080 --> 00:00:16,480 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:17,320 --> 00:00:19,079 Speaker 1: Let's take a look at some stocks on the move 5 00:00:19,160 --> 00:00:21,640 Speaker 1: this week. I'm Tim Stenoveek with Nora Melnda and we're 6 00:00:21,720 --> 00:00:25,520 Speaker 1: joined by Bloomberg News Cross aust reporter Isabelle Lee. 7 00:00:25,680 --> 00:00:25,840 Speaker 3: Hi. 8 00:00:26,880 --> 00:00:29,920 Speaker 4: Hi, it's great to be here on this Friday. I 9 00:00:30,000 --> 00:00:32,640 Speaker 4: want to start with Can I start? I'll start and start. 10 00:00:32,800 --> 00:00:33,800 Speaker 4: I'll start with Delta. 11 00:00:33,960 --> 00:00:37,240 Speaker 3: So for the week, we saw the stock rise almost 12 00:00:37,240 --> 00:00:39,760 Speaker 3: twelve percent. For today it's done but two ten to 13 00:00:39,800 --> 00:00:42,000 Speaker 3: one percent. But you can just imagine that the shaved 14 00:00:42,040 --> 00:00:44,240 Speaker 3: some of those losses. So why did it gain so much? 15 00:00:44,800 --> 00:00:47,400 Speaker 3: It got its earnings this weekend, Delta reinstated a profit 16 00:00:47,479 --> 00:00:50,360 Speaker 3: outlook for the year and said travelers are coming back. 17 00:00:50,440 --> 00:00:52,760 Speaker 3: So this problem that had stocked a religious surge amid 18 00:00:52,920 --> 00:00:55,080 Speaker 3: a fresh sense of confidence. We know that the consumer 19 00:00:55,160 --> 00:00:58,880 Speaker 3: sector hasn't beaten down, and for a while people weren't traveling, 20 00:00:58,880 --> 00:01:02,440 Speaker 3: whether domestically or internationally. So the carrier expects an adjusted 21 00:01:02,440 --> 00:01:04,640 Speaker 3: profit of five dollars and twenty five cents to six 22 00:01:04,680 --> 00:01:07,240 Speaker 3: dollars and twenty five cents. They also reported better than 23 00:01:07,240 --> 00:01:10,400 Speaker 3: expected earning, so that's really good and Della's projections sent 24 00:01:10,520 --> 00:01:12,920 Speaker 3: its shares really just sorry. So travel in the US 25 00:01:13,000 --> 00:01:16,200 Speaker 3: is back, especially after President Donald Trump's tax cut and 26 00:01:16,240 --> 00:01:20,840 Speaker 3: spending package. Entire discussion, so really exciting news. Do you 27 00:01:20,880 --> 00:01:21,920 Speaker 3: have travel plans? 28 00:01:22,400 --> 00:01:24,440 Speaker 4: Duh? Not on an airplane? 29 00:01:24,480 --> 00:01:24,600 Speaker 2: Not. 30 00:01:25,600 --> 00:01:27,559 Speaker 4: Yeah, I do, but transportation. 31 00:01:27,880 --> 00:01:30,000 Speaker 1: All the travel I do on an airplane is for work, 32 00:01:30,040 --> 00:01:34,080 Speaker 1: and we have a lot of travel you do coming up? Yeahynia, 33 00:01:34,640 --> 00:01:37,040 Speaker 1: we're going to be in Denver in a few months, 34 00:01:37,040 --> 00:01:40,040 Speaker 1: being California again a few months. Yeah, we go a 35 00:01:40,080 --> 00:01:44,000 Speaker 1: lot of places, but no hard to fly with little. 36 00:01:43,760 --> 00:01:45,720 Speaker 4: Kids, yes, fair, can you imagine? 37 00:01:46,120 --> 00:01:48,720 Speaker 1: You know what's interesting about the Delta news is that 38 00:01:49,240 --> 00:01:52,320 Speaker 1: they were the first company to pull their guidance, the 39 00:01:52,360 --> 00:01:54,600 Speaker 1: first airline company, their first airline to pull their guide 40 00:01:54,600 --> 00:01:57,200 Speaker 1: in so three months ago, what we'd be talking about 41 00:01:57,280 --> 00:02:00,360 Speaker 1: is there's so much uncertainty. There's so much uncertainty, and 42 00:02:00,400 --> 00:02:03,240 Speaker 1: then this week we learned, you know, travelers are coming 43 00:02:03,280 --> 00:02:05,800 Speaker 1: back and there is some semblance of certainty, at least 44 00:02:05,840 --> 00:02:06,360 Speaker 1: for now. 45 00:02:06,800 --> 00:02:08,720 Speaker 3: There is, and maybe with the TIFFs too. We have 46 00:02:08,760 --> 00:02:12,320 Speaker 3: the trade policy uncertainty of Bloomberg. We're tracking that it's 47 00:02:12,360 --> 00:02:15,400 Speaker 3: inch higher, although still not as high as the April level. 48 00:02:15,400 --> 00:02:17,520 Speaker 3: And then we just pushed out a stories saying that 49 00:02:18,320 --> 00:02:20,480 Speaker 3: markets are complacent, that's one made to look at it, 50 00:02:20,560 --> 00:02:22,600 Speaker 3: or markets just don't care and they just really want 51 00:02:22,639 --> 00:02:23,800 Speaker 3: to rip through. 52 00:02:23,919 --> 00:02:26,800 Speaker 5: And the CEO said that consumers are getting quote a 53 00:02:26,840 --> 00:02:29,680 Speaker 5: little numb with the ongoing trade dispute. So it sounds 54 00:02:29,720 --> 00:02:31,920 Speaker 5: like they're ready for us to wrap it up and 55 00:02:32,000 --> 00:02:33,280 Speaker 5: go ahead and hop on a flight. 56 00:02:33,320 --> 00:02:35,760 Speaker 4: That's what it sounds Why nock, all right? 57 00:02:35,800 --> 00:02:39,640 Speaker 1: So Delta on your radar this week. Also, Maderna a 58 00:02:39,639 --> 00:02:40,359 Speaker 1: big mover. 59 00:02:40,480 --> 00:02:43,320 Speaker 3: Big mover, up ten point three percent, so let's call 60 00:02:43,360 --> 00:02:46,280 Speaker 3: that eleven percent this week. So US regulators approve their 61 00:02:46,280 --> 00:02:49,840 Speaker 3: COVID vaccine for children, although with a narrow group. This 62 00:02:50,120 --> 00:02:53,600 Speaker 3: seems to be continuing from Robert F. Kennedy Junior's controversial 63 00:02:53,600 --> 00:02:56,800 Speaker 3: policy that restricts access to shots for some kids. So 64 00:02:56,960 --> 00:02:58,640 Speaker 3: maybe this is helpful to know for parents. So the 65 00:02:58,760 --> 00:03:01,880 Speaker 3: FDA gave full approval of the immunization for kids under 66 00:03:01,960 --> 00:03:04,720 Speaker 3: twelve who are at risk from the disease. So since 67 00:03:04,720 --> 00:03:06,840 Speaker 3: the pandemic, we know that doses of COVID shots from 68 00:03:06,880 --> 00:03:08,960 Speaker 3: Maderna and fives that have been made available to kids 69 00:03:08,960 --> 00:03:12,120 Speaker 3: in that age range, even those not at increased risk. 70 00:03:12,440 --> 00:03:15,840 Speaker 3: But Kenny, who we know is longtime critic of COVID vaccines, 71 00:03:15,840 --> 00:03:18,360 Speaker 3: had a power to revoke that access. But this is 72 00:03:18,400 --> 00:03:22,880 Speaker 3: good news for Moderna and maybe most of the vaccine companies. 73 00:03:23,040 --> 00:03:26,480 Speaker 3: I personally haven't gotten a booster recently. I just get 74 00:03:26,520 --> 00:03:28,360 Speaker 3: whatever Bloomberg offers, which is a flu shot. 75 00:03:29,320 --> 00:03:31,359 Speaker 4: Did you think give us those anymore? Yeah? 76 00:03:31,360 --> 00:03:32,840 Speaker 1: I think you can get a COVID shot too. 77 00:03:33,560 --> 00:03:35,120 Speaker 4: I don't think so lazy. 78 00:03:35,160 --> 00:03:38,760 Speaker 3: If it's not offered here, I don't do it. 79 00:03:40,480 --> 00:03:42,080 Speaker 1: We're not giving medical advice here. 80 00:03:42,280 --> 00:03:43,800 Speaker 4: Yeah, right, definitely not. 81 00:03:43,960 --> 00:03:45,720 Speaker 5: Shares with the Journer are still down on almost twenty 82 00:03:45,720 --> 00:03:48,520 Speaker 5: percent this year though, so it's interesting when you see 83 00:03:48,520 --> 00:03:51,640 Speaker 5: it on the broader scale. 84 00:03:52,440 --> 00:03:55,720 Speaker 4: Sorry, go ahead, no, you go ahead. PTC is also 85 00:03:56,040 --> 00:03:56,680 Speaker 4: Audio Radar. 86 00:03:57,120 --> 00:04:00,000 Speaker 3: PTC is their third biggest scanner, up by almost ten. 87 00:04:00,440 --> 00:04:03,120 Speaker 3: So this is some kind of a merger going on, 88 00:04:03,240 --> 00:04:06,600 Speaker 3: or maybe potentially potentially is the important word. So Autodesk 89 00:04:06,640 --> 00:04:09,880 Speaker 3: is being an acquisition of PTC, which is this rival 90 00:04:10,040 --> 00:04:13,200 Speaker 3: engineering software provider. So Autodesk has been working with advisors 91 00:04:13,200 --> 00:04:16,320 Speaker 3: to really just evaluate a cash and stock deal for PTC. 92 00:04:16,400 --> 00:04:17,800 Speaker 4: So PTC is a big company. 93 00:04:17,800 --> 00:04:21,040 Speaker 3: Maybe consumer facing people may not know it, but it's 94 00:04:21,080 --> 00:04:22,480 Speaker 3: a twenty three billion dollar. 95 00:04:22,279 --> 00:04:24,760 Speaker 4: Worth market hundred yes. 96 00:04:24,960 --> 00:04:27,480 Speaker 3: And it's starting interest from other industry players too, not 97 00:04:27,600 --> 00:04:30,800 Speaker 3: just its rival, So no final decision has been made 98 00:04:30,800 --> 00:04:34,040 Speaker 3: to The deal comes amid all of the steady consolidation 99 00:04:34,080 --> 00:04:37,240 Speaker 3: in the industrial software space, where really everyone's just expecting 100 00:04:37,279 --> 00:04:41,960 Speaker 3: increased demand because of AI tech, maybe crypto, I don't know, 101 00:04:42,040 --> 00:04:43,839 Speaker 3: let's just stick with AI. We are saying that the 102 00:04:43,839 --> 00:04:47,679 Speaker 3: deal will give Autodesk a seventeen percent share in the company, 103 00:04:47,720 --> 00:04:50,120 Speaker 3: which apparently is unlikely to bump up against some of 104 00:04:50,120 --> 00:04:52,880 Speaker 3: those anti trust regulations that everyone's focused on. But that's 105 00:04:52,880 --> 00:04:56,200 Speaker 3: significant because the market is a nineteen billion dollar manufacturing 106 00:04:56,200 --> 00:04:59,520 Speaker 3: software market, which again most people probably wouldn't know. 107 00:05:00,560 --> 00:05:04,920 Speaker 2: The Stockmovers podcast from Bloomberg Radio. 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