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 00:00:18,120 --> 00:00:20,360 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:20,440 --> 00:00:23,960 Speaker 3: We are joined by Bloomberg's Valerie Titel and what feels 6 00:00:24,000 --> 00:00:28,280 Speaker 3: like a buy everything morning, Valerie. But let's focus in 7 00:00:28,320 --> 00:00:31,320 Speaker 3: on some of the stocks making news this morning, including 8 00:00:31,440 --> 00:00:34,879 Speaker 3: earnings just in the pre market from AT and T. 9 00:00:35,040 --> 00:00:37,440 Speaker 3: Do we have to rethink what we're thinking about the 10 00:00:38,040 --> 00:00:39,839 Speaker 3: cell phone business after these results? 11 00:00:40,080 --> 00:00:40,280 Speaker 2: Yeah? 12 00:00:40,280 --> 00:00:44,440 Speaker 1: Look, AT and T did top estimates for mobile phone customers. 13 00:00:44,440 --> 00:00:46,519 Speaker 4: It comes a day after the Verizon miss. 14 00:00:46,640 --> 00:00:48,559 Speaker 1: Seems to be the story here is that AT and 15 00:00:48,600 --> 00:00:52,639 Speaker 1: T is attracting new customers more than analysts expected. 16 00:00:52,680 --> 00:00:55,040 Speaker 4: Maybe some evidence that AT and T is. 17 00:00:55,080 --> 00:00:59,400 Speaker 1: Luring customers from rivals like Verizon in the highly competitive 18 00:00:59,480 --> 00:01:02,840 Speaker 1: mobile phone market. It also reiterated it's twenty twenty five 19 00:01:03,040 --> 00:01:06,360 Speaker 1: full year guidance. The next big telecom to report is 20 00:01:06,480 --> 00:01:08,800 Speaker 1: T Mobile on Thursday. But there are some good news 21 00:01:08,800 --> 00:01:10,920 Speaker 1: out there for AT and T after the rise and 22 00:01:10,920 --> 00:01:11,640 Speaker 1: missed yesterday. 23 00:01:11,680 --> 00:01:13,600 Speaker 4: AT and T up four and a half percent. 24 00:01:13,840 --> 00:01:15,480 Speaker 3: All right, we'll giving us a preview what we're going 25 00:01:15,520 --> 00:01:17,880 Speaker 3: to be talking about tomorrow. But let's talk about what 26 00:01:18,000 --> 00:01:21,360 Speaker 3: we've been discussing well since late yesterday. 27 00:01:21,800 --> 00:01:22,280 Speaker 4: Tesla. 28 00:01:22,520 --> 00:01:26,200 Speaker 3: The earnings came in week, but Elon Musk's words have 29 00:01:26,319 --> 00:01:27,880 Speaker 3: the stock surging. 30 00:01:27,480 --> 00:01:31,520 Speaker 1: This morning exactly, Tesla shares up nearly six point seven percent. 31 00:01:31,600 --> 00:01:34,800 Speaker 1: It's leading gains across the mag seven this morning. This 32 00:01:34,920 --> 00:01:37,520 Speaker 1: all comes after Elon Musk said he will pull back 33 00:01:37,800 --> 00:01:41,640 Speaker 1: significantly from his work with the US government next month. 34 00:01:42,040 --> 00:01:43,520 Speaker 4: Musk made that announcement after the. 35 00:01:43,440 --> 00:01:45,840 Speaker 1: Company did report first quret to profit and revenue that 36 00:01:45,880 --> 00:01:49,640 Speaker 1: fell short of expectations. They also backed off an earlier 37 00:01:49,680 --> 00:01:53,120 Speaker 1: forecast of sales growing this year. So some negative news 38 00:01:53,240 --> 00:01:56,200 Speaker 1: in those company earnings, But the positive spin is that 39 00:01:56,240 --> 00:01:59,640 Speaker 1: Elon Musk is going to be spending more time working 40 00:01:59,720 --> 00:02:02,680 Speaker 1: on Tesla rather than at Doze within the government, and 41 00:02:02,720 --> 00:02:05,640 Speaker 1: the market really likes what it hears with that in 42 00:02:05,760 --> 00:02:08,840 Speaker 1: stride six point six percent higher for that Tesla share 43 00:02:09,000 --> 00:02:11,080 Speaker 1: trading at two hundred and fifty three dollars a share. 44 00:02:11,320 --> 00:02:13,480 Speaker 3: Now, we generally talk about the market likes what it 45 00:02:13,560 --> 00:02:16,880 Speaker 3: hears when it hears job cuts coming from many companies. 46 00:02:16,919 --> 00:02:18,920 Speaker 3: That seems to be the case this morning as well 47 00:02:19,000 --> 00:02:21,320 Speaker 3: for Intel, definitely the case for Intel. 48 00:02:21,360 --> 00:02:23,680 Speaker 1: Intel is up nearly five percent so far this morning 49 00:02:23,720 --> 00:02:26,520 Speaker 1: in pre market trade. The company is expected to announce 50 00:02:26,600 --> 00:02:28,919 Speaker 1: plans to cut more than twenty percent of. 51 00:02:28,840 --> 00:02:31,679 Speaker 4: Its staff this week. The source says. 52 00:02:31,480 --> 00:02:34,840 Speaker 1: The move is part of a big bid to streamline management, 53 00:02:34,880 --> 00:02:38,519 Speaker 1: eliminate bureocracy, rebuild the engineering a driven culture at the 54 00:02:38,560 --> 00:02:41,720 Speaker 1: struggling chip maker. And now this report comes ahead of 55 00:02:41,800 --> 00:02:45,399 Speaker 1: Intel's first quarter results which are coming on Thursday, which 56 00:02:45,400 --> 00:02:48,240 Speaker 1: may give the CEO an opportunity to flesh out this 57 00:02:48,360 --> 00:02:51,000 Speaker 1: a bit more, lay out more of his strategy regarding 58 00:02:51,160 --> 00:02:53,880 Speaker 1: these redundancies. But the shares of Intel up nearly five 59 00:02:53,919 --> 00:02:57,079 Speaker 1: percent this morning after they announced plans, or after there 60 00:02:57,160 --> 00:02:59,640 Speaker 1: was a report to announce plans to cut more than 61 00:02:59,639 --> 00:03:00,960 Speaker 1: twenty five percent of its staff. 62 00:03:01,080 --> 00:03:04,880 Speaker 3: Now, another big tech company across the pond is seeing 63 00:03:04,919 --> 00:03:08,320 Speaker 3: a big move this morning. Tell us what's happening with SAP. 64 00:03:08,200 --> 00:03:12,120 Speaker 1: Valor SAP YEP of ten percent in Germany this morning. 65 00:03:12,160 --> 00:03:15,720 Speaker 1: This is the German business software group known as you know, 66 00:03:15,760 --> 00:03:18,360 Speaker 1: the bigger tech company here in Europe, gaining the most 67 00:03:18,400 --> 00:03:22,920 Speaker 1: in six years after first quarter profit topped analyst estimates 68 00:03:22,960 --> 00:03:26,120 Speaker 1: It was fueled all by this pivot to cloud services, 69 00:03:26,160 --> 00:03:29,960 Speaker 1: but seems to be paying off for this German software 70 00:03:29,960 --> 00:03:32,560 Speaker 1: group that's SAP up near ten percent. The stock has 71 00:03:32,639 --> 00:03:35,280 Speaker 1: risen thirty six percent over the last year. Its value 72 00:03:35,320 --> 00:03:38,360 Speaker 1: has now eclipsed to other European companies such as Novo, Nordes, 73 00:03:38,400 --> 00:03:41,160 Speaker 1: the drugmaker, and LVMH in March. 74 00:03:42,280 --> 00:03:46,400 Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with 75 00:03:46,480 --> 00:03:49,560 Speaker 2: us throughout today for the latest roundup of companies making 76 00:03:49,640 --> 00:03:53,240 Speaker 2: news on Wall Street and for the latest market moving headlines. 77 00:03:53,360 --> 00:03:57,280 Speaker 2: Listen to Bloomberg Radio Live. Catch us on YouTube, Bloomberg 78 00:03:57,360 --> 00:04:00,720 Speaker 2: dot com, and on Applecarplay and Android Auto the Bloomberg 79 00:04:00,800 --> 00:04:01,480 Speaker 2: Business app.