Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg data.
Speaker 3: Let's take a look at some stocks on the move today.
Speaker 3: I'm Nathan Hager, joined by Bloomberg's Emily Graffeo on a
Speaker 3: down mourning for equities across the board, though probably not
Speaker 3: for oil stocks given the surge we're seeing in crude
Speaker 3: this morning. Good morning, Emily, Good morning Nathan.
Speaker 1: That's right. I'm looking at chairs of Chevron and Exon.
Speaker 1: Those stocks both up over two percent. Chevron up about
Speaker 1: two point five percent in the pre market, Exon up
Speaker 1: about three percent in the pre market. As you said,
Speaker 1: oil moving much higher this morning after President Trump's address
Speaker 1: last night where he vowed an escalation in the war,
Speaker 1: and he ran over the coming weeks, as John Tucker
Speaker 1: just mentioned, not really including much of a person sice
Speaker 1: timeline for an exit. So that is causing a risk
Speaker 1: off move in the broader equity market. But we are
Speaker 1: seeing oil higher and energy stocks higher.
Speaker 3: How are we seeing things affected when it comes to
Speaker 3: airline stocks. They've been dealing with rising jet fuel prices.
Speaker 1: Of course, Yeah, that's right. So we are seeing shares
Speaker 1: of both airline and cruise operators slipping, and this is
Speaker 1: all in the prospect of higher fuel prices weighing on sentiment.
Speaker 1: You have among these movers United Airlines down about four percent,
Speaker 1: and then also for United, we did see a downgrade
Speaker 1: this morning from TD Cowan, that firm cutting their target
Speaker 1: their price target on United Airlines to one hundred and
Speaker 1: twenty dollars a share from one. That's still higher than
Speaker 1: where the stock is trading now, but in terms of sentiment,
Speaker 1: not helping to see a price target cut there, but
Speaker 1: that would still be about a twenty five percent increase
Speaker 1: from the last stock price.
Speaker 3: Nathan, is that sentiment move part of what we're seeing
Speaker 3: in the Mag seven this morning? Just looking at Nvidia shares,
Speaker 3: they're down quite a bit as well this morning.
Speaker 1: Yeah, shares a Nvidia down about two point four percent,
Speaker 1: and the broader Mag seven is also lower, a meta
Speaker 1: alphabet Tesla all trading lower in the pre market. These
Speaker 1: were really the leaders of the market, you know, just
Speaker 1: a few weeks a few months ago, and so any
Speaker 1: type of move that is risk off in the market,
Speaker 1: it's going to hit these stocks and that's exactly what
Speaker 1: we're seeing this morning. So all mag seven stocks falling,
Speaker 1: and again it's kind of all on this idea that
Speaker 1: traders are unclear about when the exit for this Iron
Speaker 1: war is and Trump really not giving traders any reassurance
Speaker 1: or really any explanation for the war. Last night, of course,
Speaker 1: we could see that trade reverse, but at least this morning,
Speaker 1: the trade for these mag seven stocks is lower.
Speaker 3: Yeah, so you got to think that's part of what's
Speaker 3: dragging the broader market lower as well, given the waitings
Speaker 3: for those stocks. Of course, but it's not all read
Speaker 3: and not just in the oil sector either. The biggest
Speaker 3: gainer in the pre market this morning, what is behind
Speaker 3: the move for Global Star?
Speaker 1: Okay, so global Star is a satellite provider. The shares
Speaker 1: are up about eleven percent right now, Nathan in the
Speaker 1: pre market. Amazon is said to be in talks to
Speaker 1: acquire this satellite provider. This is according to reporting from
Speaker 1: the Financial Times, but Bloomberg had also been reporting earlier
Speaker 1: that this company was potentially exploring an acquisition. So this
Speaker 1: is a deal that will bolsterore Amazon's effort to build
Speaker 1: out its low orbit satellite network to compete with SpaceX starlink.
Speaker 1: This is kind of like a key piece of infrastructure
Speaker 1: that Amazon could use to build that out. So Global
Speaker 1: Star shares trade under the ticker gsat up over ten percent.
Speaker 2: The Stockmovers 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.