1 00:00:02,520 --> 00:00:08,800 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:16,480 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,360 --> 00:00:20,360 Speaker 1: Paul's fringing time. Keane Here, I'm looking at the stock 5 00:00:20,480 --> 00:00:25,040 Speaker 1: movers right now. Stock's on the move with us. Lisa Matteo. Lisa, 6 00:00:25,040 --> 00:00:26,200 Speaker 1: what do you have for your podcast? 7 00:00:26,320 --> 00:00:29,120 Speaker 3: Okay, We're starting with the home builder Lenard Taker l 8 00:00:29,240 --> 00:00:31,120 Speaker 3: E and its shares have been up as much as 9 00:00:31,160 --> 00:00:34,519 Speaker 3: two percent. It reported a miss on its new orders outlook, 10 00:00:34,520 --> 00:00:39,239 Speaker 3: affordability challenges, economic uncertainty. They're saying consumer confidence is weakening. 11 00:00:39,640 --> 00:00:41,400 Speaker 3: But the thing is is that it was offset by 12 00:00:41,440 --> 00:00:44,920 Speaker 3: better than expecting gross margins and RBC Capital Market said 13 00:00:44,960 --> 00:00:47,840 Speaker 3: that that should re ensure investors and that's why those 14 00:00:47,840 --> 00:00:50,800 Speaker 3: shares are higher. But Lennar shares a fell in about 15 00:00:50,800 --> 00:00:54,319 Speaker 3: sixteen percent so far this year. What it's really been 16 00:00:54,320 --> 00:00:57,360 Speaker 3: relying on to drive sales is mortgage rate buydowns, but 17 00:00:57,480 --> 00:01:00,640 Speaker 3: it's been facing some competition from the existing market. They 18 00:01:00,640 --> 00:01:02,880 Speaker 3: have learn costs. They're hovering your seven percent. 19 00:01:03,080 --> 00:01:06,760 Speaker 1: Well, you've led on this. I saw a chart yesterday 20 00:01:07,680 --> 00:01:10,840 Speaker 1: of the distance of people with those low mortgages to 21 00:01:10,920 --> 00:01:13,000 Speaker 1: get out of there. They're stuck forever. 22 00:01:13,160 --> 00:01:15,200 Speaker 4: Yeah, in a good way, in a good way. Alex 23 00:01:15,240 --> 00:01:18,880 Speaker 4: Steale sitting blow three percent. Mortgage Bankers Association TOM thirty 24 00:01:18,920 --> 00:01:22,080 Speaker 4: year fixed contract rate for mortgage six point nine three percent. 25 00:01:22,880 --> 00:01:25,360 Speaker 4: That's the new normal. And you know, I guess the 26 00:01:25,400 --> 00:01:27,560 Speaker 4: market at some point will come to grips of that. 27 00:01:27,600 --> 00:01:29,360 Speaker 4: And you get the buyers and sellers saying, Okay, let's 28 00:01:29,360 --> 00:01:30,039 Speaker 4: get some deals done. 29 00:01:30,200 --> 00:01:30,640 Speaker 1: What's next. 30 00:01:30,680 --> 00:01:32,600 Speaker 3: Yes, And then you have the trade wars and construction 31 00:01:32,760 --> 00:01:34,840 Speaker 3: prices for the materials to make the homes. 32 00:01:34,680 --> 00:01:36,399 Speaker 4: And there are the people there to build the house wall. 33 00:01:36,600 --> 00:01:38,440 Speaker 1: She goes to home Depot as well as Costco. 34 00:01:38,600 --> 00:01:41,440 Speaker 4: She's all over the place. We're twenty two or ten, 35 00:01:41,520 --> 00:01:42,080 Speaker 4: She's all over. 36 00:01:42,840 --> 00:01:43,280 Speaker 1: What do you want? 37 00:01:43,680 --> 00:01:46,880 Speaker 3: Okay? T Mobile take her tmus Its shares have been 38 00:01:46,920 --> 00:01:50,040 Speaker 3: down as much as four percent. Soft Bank raised around 39 00:01:50,080 --> 00:01:52,400 Speaker 3: four point eight billion dollars to a sale of twenty 40 00:01:52,400 --> 00:01:55,080 Speaker 3: one and a half million t mobiles share, So that 41 00:01:55,120 --> 00:01:56,880 Speaker 3: was about for two hundred and twenty four dollars each. 42 00:01:57,440 --> 00:02:00,400 Speaker 3: That's going to help fun softbakes plans for artificial intel diligence. 43 00:02:00,520 --> 00:02:02,000 Speaker 3: Here's what they have in the work so they plan 44 00:02:02,120 --> 00:02:04,600 Speaker 3: to put down as much as thirty billion in open Ai. 45 00:02:04,720 --> 00:02:06,720 Speaker 3: This is soft bank. They also want to work with 46 00:02:06,760 --> 00:02:09,560 Speaker 3: them to move hundreds of billions of dollars data centers 47 00:02:09,680 --> 00:02:14,320 Speaker 3: infrastructure worldwide. This is under stargate soft bank shares. Because 48 00:02:14,320 --> 00:02:16,960 Speaker 3: of this, it rose about two point one percent in Tokyo. 49 00:02:17,280 --> 00:02:19,359 Speaker 3: But it's really a big deal. I mean the biggest 50 00:02:19,480 --> 00:02:22,679 Speaker 3: US share sale since TD Bank sold about thirteen point 51 00:02:22,720 --> 00:02:25,480 Speaker 3: one billion dollar stake in Charles Schwab back in February. 52 00:02:25,520 --> 00:02:26,320 Speaker 3: So this is a big deal. 53 00:02:26,360 --> 00:02:29,160 Speaker 4: Bank of America was the sole bank working on the deal. 54 00:02:29,200 --> 00:02:31,200 Speaker 4: You buy the stock after the close of a discount, 55 00:02:31,200 --> 00:02:32,600 Speaker 4: and you resell it and hoping to make. 56 00:02:32,880 --> 00:02:34,080 Speaker 1: Could mard resell it too? 57 00:02:34,520 --> 00:02:35,400 Speaker 4: Institutional investors? 58 00:02:35,400 --> 00:02:36,000 Speaker 2: Need you go right now. 59 00:02:37,240 --> 00:02:40,520 Speaker 4: I've got a one thousand shares and I bought it 60 00:02:40,560 --> 00:02:42,360 Speaker 4: at a seven percent discount. I try to sell it 61 00:02:42,360 --> 00:02:44,720 Speaker 4: at a five percent discount. I make that too basic, 62 00:02:44,800 --> 00:02:45,000 Speaker 4: you know? 63 00:02:45,200 --> 00:02:49,320 Speaker 1: Two percent? Team Mobile ten year track record, twenty point 64 00:02:49,360 --> 00:02:53,680 Speaker 1: six pow cent per year. Good morning, mister Lezier. 65 00:02:53,840 --> 00:02:58,320 Speaker 3: Next we're moving on to solar socks, and they are 66 00:02:58,360 --> 00:02:59,680 Speaker 3: taking it really tanking. 67 00:02:59,760 --> 00:02:59,840 Speaker 4: No. 68 00:03:00,000 --> 00:03:02,400 Speaker 3: So for example, I'll give you an example Sun run tick 69 00:03:02,480 --> 00:03:06,000 Speaker 3: or run. They're down twenty eight percent. And we've been 70 00:03:06,040 --> 00:03:08,519 Speaker 3: talking about the Center Republicans that release a tax bill, 71 00:03:08,560 --> 00:03:10,840 Speaker 3: But what it also included. One of the items is 72 00:03:10,840 --> 00:03:14,600 Speaker 3: an end to tax credits for wind solar earlier than 73 00:03:14,639 --> 00:03:17,240 Speaker 3: other sources. It's going to make only modest changes to 74 00:03:17,320 --> 00:03:20,679 Speaker 3: most other incentives. So if you want the specifics, it's 75 00:03:20,680 --> 00:03:22,640 Speaker 3: going to end those incentives to wind in solar in 76 00:03:22,720 --> 00:03:25,160 Speaker 3: twenty twenty eight, and you have tax breaks for other 77 00:03:25,200 --> 00:03:28,200 Speaker 3: sources of power. They'll be allowed to remain until phasing 78 00:03:28,200 --> 00:03:31,160 Speaker 3: out in twenty thirty six. But it even goes to companies. 79 00:03:31,240 --> 00:03:34,760 Speaker 3: It's going to cut out companies that lease rooftop solar 80 00:03:34,760 --> 00:03:38,839 Speaker 3: systems homeowners who buy them. So analysts are saying that's 81 00:03:38,920 --> 00:03:41,680 Speaker 3: really going to hut the solar industry, which is suffering 82 00:03:41,680 --> 00:03:44,800 Speaker 3: in itself to begin with. So not good for solar 83 00:03:44,800 --> 00:03:48,400 Speaker 3: stocks this morning. And then we have Eli Lilly lastly, 84 00:03:48,520 --> 00:03:52,040 Speaker 3: they've agreed to buy gene editing biotechs startup Verve Therapeutics 85 00:03:52,040 --> 00:03:53,920 Speaker 3: for about one point three billion dollars. 86 00:03:53,920 --> 00:03:55,640 Speaker 4: You to day, you've got one of these stories, it's 87 00:03:55,640 --> 00:03:57,600 Speaker 4: either plus one hundred percent on the stock or down 88 00:03:57,600 --> 00:04:01,040 Speaker 4: one hundred percent of maps stock. It's either the drug works, 89 00:04:01,080 --> 00:04:03,400 Speaker 4: it doesn't work, the company buys you, they don't buy you, 90 00:04:03,760 --> 00:04:04,240 Speaker 4: and they. 91 00:04:04,120 --> 00:04:07,920 Speaker 3: Do it's really helping. Shares of verb ticker a vr 92 00:04:08,240 --> 00:04:11,360 Speaker 3: v v er V up seventy seven percent, but it 93 00:04:11,440 --> 00:04:13,240 Speaker 3: was up as much as one hundred and twelve percent 94 00:04:13,320 --> 00:04:16,280 Speaker 3: before the bell, and Lily's down as much as one person. 95 00:04:17,400 --> 00:04:21,520 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 96 00:04:21,600 --> 00:04:24,360 Speaker 2: us throughout the day for the latest roundup of companies 97 00:04:24,400 --> 00:04:27,480 Speaker 2: making news on Wall Street and for the latest market 98 00:04:27,480 --> 00:04:31,880 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 99 00:04:31,920 --> 00:04:35,159 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 100 00:04:35,240 --> 00:04:36,679 Speaker 2: the Bloomberg Business app.