1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Movers Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market, harnessing the power of Bloomberg data. 4 00:00:16,800 --> 00:00:19,160 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:19,160 --> 00:00:22,840 Speaker 3: I'm Nathan Hager, joined by Bloomberg's Emily Graffeo on a 6 00:00:23,200 --> 00:00:27,319 Speaker 3: down mourning for equities across the board, though probably not 7 00:00:28,080 --> 00:00:31,400 Speaker 3: for oil stocks given the surge we're seeing in crude 8 00:00:31,480 --> 00:00:34,400 Speaker 3: this morning. Good morning, Emily, Good morning Nathan. 9 00:00:34,520 --> 00:00:37,280 Speaker 1: That's right. I'm looking at chairs of Chevron and Exon. 10 00:00:37,479 --> 00:00:40,680 Speaker 1: Those stocks both up over two percent. Chevron up about 11 00:00:40,720 --> 00:00:43,760 Speaker 1: two point five percent in the pre market, Exon up 12 00:00:43,800 --> 00:00:46,760 Speaker 1: about three percent in the pre market. As you said, 13 00:00:47,120 --> 00:00:51,840 Speaker 1: oil moving much higher this morning after President Trump's address 14 00:00:51,960 --> 00:00:54,760 Speaker 1: last night where he vowed an escalation in the war, 15 00:00:54,800 --> 00:00:57,320 Speaker 1: and he ran over the coming weeks, as John Tucker 16 00:00:57,440 --> 00:01:00,240 Speaker 1: just mentioned, not really including much of a person sice 17 00:01:00,320 --> 00:01:02,560 Speaker 1: timeline for an exit. So that is causing a risk 18 00:01:02,600 --> 00:01:06,000 Speaker 1: off move in the broader equity market. But we are 19 00:01:06,040 --> 00:01:09,200 Speaker 1: seeing oil higher and energy stocks higher. 20 00:01:10,480 --> 00:01:12,960 Speaker 3: How are we seeing things affected when it comes to 21 00:01:13,680 --> 00:01:17,360 Speaker 3: airline stocks. They've been dealing with rising jet fuel prices. 22 00:01:17,400 --> 00:01:20,560 Speaker 1: Of course, Yeah, that's right. So we are seeing shares 23 00:01:20,600 --> 00:01:23,920 Speaker 1: of both airline and cruise operators slipping, and this is 24 00:01:23,959 --> 00:01:27,760 Speaker 1: all in the prospect of higher fuel prices weighing on sentiment. 25 00:01:28,080 --> 00:01:31,119 Speaker 1: You have among these movers United Airlines down about four percent, 26 00:01:31,640 --> 00:01:34,520 Speaker 1: and then also for United, we did see a downgrade 27 00:01:34,560 --> 00:01:39,000 Speaker 1: this morning from TD Cowan, that firm cutting their target 28 00:01:39,200 --> 00:01:42,040 Speaker 1: their price target on United Airlines to one hundred and 29 00:01:42,040 --> 00:01:45,399 Speaker 1: twenty dollars a share from one. That's still higher than 30 00:01:45,440 --> 00:01:48,560 Speaker 1: where the stock is trading now, but in terms of sentiment, 31 00:01:48,680 --> 00:01:52,520 Speaker 1: not helping to see a price target cut there, but 32 00:01:52,520 --> 00:01:54,920 Speaker 1: that would still be about a twenty five percent increase 33 00:01:54,960 --> 00:01:56,600 Speaker 1: from the last stock price. 34 00:01:56,680 --> 00:02:00,400 Speaker 3: Nathan, is that sentiment move part of what we're seeing 35 00:02:00,480 --> 00:02:04,160 Speaker 3: in the Mag seven this morning? Just looking at Nvidia shares, 36 00:02:04,600 --> 00:02:07,200 Speaker 3: they're down quite a bit as well this morning. 37 00:02:08,000 --> 00:02:10,760 Speaker 1: Yeah, shares a Nvidia down about two point four percent, 38 00:02:11,240 --> 00:02:14,079 Speaker 1: and the broader Mag seven is also lower, a meta 39 00:02:14,160 --> 00:02:18,120 Speaker 1: alphabet Tesla all trading lower in the pre market. These 40 00:02:18,160 --> 00:02:21,440 Speaker 1: were really the leaders of the market, you know, just 41 00:02:21,480 --> 00:02:25,240 Speaker 1: a few weeks a few months ago, and so any 42 00:02:25,639 --> 00:02:28,480 Speaker 1: type of move that is risk off in the market, 43 00:02:28,480 --> 00:02:31,240 Speaker 1: it's going to hit these stocks and that's exactly what 44 00:02:31,280 --> 00:02:34,680 Speaker 1: we're seeing this morning. So all mag seven stocks falling, 45 00:02:34,919 --> 00:02:37,080 Speaker 1: and again it's kind of all on this idea that 46 00:02:38,080 --> 00:02:43,440 Speaker 1: traders are unclear about when the exit for this Iron 47 00:02:43,600 --> 00:02:47,960 Speaker 1: war is and Trump really not giving traders any reassurance 48 00:02:48,520 --> 00:02:53,040 Speaker 1: or really any explanation for the war. Last night, of course, 49 00:02:53,320 --> 00:02:55,920 Speaker 1: we could see that trade reverse, but at least this morning, 50 00:02:56,400 --> 00:02:59,640 Speaker 1: the trade for these mag seven stocks is lower. 51 00:03:00,080 --> 00:03:02,480 Speaker 3: Yeah, so you got to think that's part of what's 52 00:03:02,919 --> 00:03:05,760 Speaker 3: dragging the broader market lower as well, given the waitings 53 00:03:05,960 --> 00:03:09,640 Speaker 3: for those stocks. Of course, but it's not all read 54 00:03:09,800 --> 00:03:13,240 Speaker 3: and not just in the oil sector either. The biggest 55 00:03:13,360 --> 00:03:17,120 Speaker 3: gainer in the pre market this morning, what is behind 56 00:03:17,160 --> 00:03:19,200 Speaker 3: the move for Global Star? 57 00:03:20,240 --> 00:03:24,519 Speaker 1: Okay, so global Star is a satellite provider. The shares 58 00:03:24,520 --> 00:03:27,720 Speaker 1: are up about eleven percent right now, Nathan in the 59 00:03:27,720 --> 00:03:30,320 Speaker 1: pre market. Amazon is said to be in talks to 60 00:03:30,400 --> 00:03:34,400 Speaker 1: acquire this satellite provider. This is according to reporting from 61 00:03:34,440 --> 00:03:37,920 Speaker 1: the Financial Times, but Bloomberg had also been reporting earlier 62 00:03:38,080 --> 00:03:44,920 Speaker 1: that this company was potentially exploring an acquisition. So this 63 00:03:44,960 --> 00:03:47,920 Speaker 1: is a deal that will bolsterore Amazon's effort to build 64 00:03:47,960 --> 00:03:53,520 Speaker 1: out its low orbit satellite network to compete with SpaceX starlink. 65 00:03:54,280 --> 00:03:57,840 Speaker 1: This is kind of like a key piece of infrastructure 66 00:03:57,840 --> 00:04:01,560 Speaker 1: that Amazon could use to build that out. So Global 67 00:04:01,560 --> 00:04:06,400 Speaker 1: Star shares trade under the ticker gsat up over ten percent. 68 00:04:07,160 --> 00:04:11,400 Speaker 2: The Stockmovers report from Bloomberg Radio. Check back with us 69 00:04:11,400 --> 00:04:14,200 Speaker 2: throughout the day for the latest roundup of companies making 70 00:04:14,280 --> 00:04:17,880 Speaker 2: news on Wall Street and for the latest market moving headlines. 71 00:04:18,120 --> 00:04:22,120 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 72 00:04:22,160 --> 00:04:25,240 Speaker 2: dot com, and on Applecarplay and Android Auto with the 73 00:04:25,279 --> 00:04:26,640 Speaker 2: Bloomberg Business app.