WEBVTT - Apple, Amex Fall; Tesla Rises on Merger News

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,

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<v Speaker 1>your roundup of companies making moves in the stock market.

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<v Speaker 1>Harnessing the power of Bloomberg data.

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<v Speaker 2>Let's take a look at some of that stocks on

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<v Speaker 2>the move today.

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<v Speaker 1>We can do that with Bloomberg's television markets correspondent normally

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<v Speaker 1>or what are you looking at?

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<v Speaker 2>Well, Paul, A lot to keep an eye on today,

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<v Speaker 2>but I've got my eyes on shares of Apple, that's

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<v Speaker 2>seeker AAPL. We're seeing shares sliding by about one point

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<v Speaker 2>one percent. So we did see that the company delivered

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<v Speaker 2>record quarterly sales and a better than anticipated forecasts in

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<v Speaker 2>terms of the current period. But what's really been weighing

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<v Speaker 2>on the company and what the analysts and investors are

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<v Speaker 2>thinking about as they're digesting this report is the fact

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<v Speaker 2>that the company's warning that rising component costs are threatening

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<v Speaker 2>to squeeze margin. So you're really seeing Wall Street really

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<v Speaker 2>trying to work out what this means for the stock

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<v Speaker 2>long term. So we are seeing a bit of a slide,

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<v Speaker 2>but of course pairing from its earlier decline of as

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<v Speaker 2>much as two point four percent lower. What about Tesla,

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<v Speaker 2>what's going on there? Yeah, Tesla. This one's also been

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<v Speaker 2>in focused. This one in the green though. We're seeing

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<v Speaker 2>shares up by about four point eight percent. This is

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<v Speaker 2>after Elon Musk said that space X is considering a

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<v Speaker 2>merger with Tesla or x Ai. So this has really

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<v Speaker 2>been booing the stock higher, especially as we're thinking about

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<v Speaker 2>what this could mean for the company in the long term.

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<v Speaker 2>I mean, we see the stock though on a unitate

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<v Speaker 2>basis so far in January, down about three percent, but

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<v Speaker 2>getting a nice boost today. Isabelle one more.

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<v Speaker 1>What do you got MX's trail that?

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<v Speaker 2>Yeah, let's talk about some of the finance names. I've

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<v Speaker 2>got my eyes on American Express that's ticker AXP. We're

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<v Speaker 2>seeing shares that are down by more than three percent earlier,

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<v Speaker 2>hitting their lowest levels since November. This is after the

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<v Speaker 2>company's Platinum card refresh boosted expenses more than anticipated. We

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<v Speaker 2>also did see profit that fell short of analysts expectations.

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<v Speaker 2>So you are seeing Wall Street really selling off shares

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<v Speaker 2>of this stock. But Apple or sorry Amex rather did

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<v Speaker 2>say that it will boost its dividends sixteen percent.

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<v Speaker 1>We'll see the stockmover's report from Bloomberg Radio check back

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<v Speaker 1>with us throughout the day. For the latest roundup of

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<v Speaker 1>companies making news on Wall Street, and for the latest

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<v Speaker 1>market moving headlines. Listen to Bloomberg Radio Live, catch us

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