1 00:00:02,520 --> 00:00:10,440 Speaker 1: Bloomberg Audio Studios podcasts, radio news. The Stock Movers podcast, 2 00:00:10,800 --> 00:00:14,040 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:14,240 --> 00:00:16,480 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:17,760 --> 00:00:19,079 Speaker 2: Let's take a look at some of the stocks on 5 00:00:19,120 --> 00:00:21,599 Speaker 2: the move today. We're joined by Bloomberg's Lias me Tay Lisa. 6 00:00:21,600 --> 00:00:22,360 Speaker 2: What are you looking at all? Right? 7 00:00:22,360 --> 00:00:23,680 Speaker 3: So we got to start with Tesla, right, because you 8 00:00:23,720 --> 00:00:26,040 Speaker 3: said it. The numbers were not good. The company missed 9 00:00:26,040 --> 00:00:29,200 Speaker 3: on both revenue and earnings. In fact, the worst quarter 10 00:00:29,280 --> 00:00:33,000 Speaker 3: in years results old weakness and automotive business, tariff trouble 11 00:00:33,000 --> 00:00:36,080 Speaker 3: at expanding energy business. But the thing is is that 12 00:00:36,080 --> 00:00:38,479 Speaker 3: Elon Musk told investors what they wanted to hear. He 13 00:00:38,520 --> 00:00:40,280 Speaker 3: said he's going to pull back from his role in 14 00:00:40,320 --> 00:00:44,280 Speaker 3: Dojin May significantly and focus more on Tesla, which is 15 00:00:44,320 --> 00:00:46,760 Speaker 3: what they wanted. He said his work establishing the group 16 00:00:46,840 --> 00:00:50,040 Speaker 3: is quote mostly done, and it's created this tension. Right, 17 00:00:50,040 --> 00:00:51,879 Speaker 3: You've seen a lot of the protests that going on. 18 00:00:52,000 --> 00:00:55,080 Speaker 3: They've sprung up in recent months against his government work. 19 00:00:55,400 --> 00:00:58,640 Speaker 3: And Tesla have been struggling, right, slumping sales, rising costs 20 00:00:58,680 --> 00:01:01,680 Speaker 3: from the trade war. But he tried to reinsure investors 21 00:01:01,680 --> 00:01:03,680 Speaker 3: and this is something interesting, he said. He said, at Tesla, 22 00:01:03,720 --> 00:01:05,880 Speaker 3: we've gone through many a crisis over the years. This 23 00:01:06,120 --> 00:01:08,959 Speaker 3: is not one of those times. And because of all this, 24 00:01:09,040 --> 00:01:11,399 Speaker 3: he said, the shares have been up more as much 25 00:01:11,400 --> 00:01:14,000 Speaker 3: as six percent since after the open. What about Boeing, 26 00:01:14,040 --> 00:01:16,120 Speaker 3: I feel like this company just can't catch a break. 27 00:01:16,160 --> 00:01:17,720 Speaker 3: Are they showing signs of stability? 28 00:01:17,880 --> 00:01:18,119 Speaker 1: Yes? 29 00:01:18,360 --> 00:01:20,240 Speaker 3: Yeah, and there shares up as much as six percent 30 00:01:20,280 --> 00:01:23,480 Speaker 3: since the open. First quarter results, good news, top estimates, 31 00:01:23,480 --> 00:01:26,440 Speaker 3: smaller than expected adjusted loss per share. Here's the thing 32 00:01:26,480 --> 00:01:29,080 Speaker 3: to it use two point three billion dollars in free cash. 33 00:01:29,120 --> 00:01:32,760 Speaker 3: The three months ended March thirty first ramped up jet production. 34 00:01:32,880 --> 00:01:35,440 Speaker 3: So you know about the seven thirty seven Max jetliner. 35 00:01:35,440 --> 00:01:38,160 Speaker 3: Well they want to raise output to thirty eight jets 36 00:01:38,160 --> 00:01:40,760 Speaker 3: per month and then try and increase that to forty 37 00:01:40,800 --> 00:01:43,679 Speaker 3: two units later this year. And that would really help, 38 00:01:43,760 --> 00:01:46,080 Speaker 3: like generate the cash that's been used up by different things, 39 00:01:46,120 --> 00:01:50,080 Speaker 3: right the recent strike, manufacturing crisis. To Kelly orbrig s 40 00:01:50,120 --> 00:01:52,440 Speaker 3: at twenty twenty five is their turnaround year. 41 00:01:53,160 --> 00:01:56,240 Speaker 2: I am flying a seven thirty seven Max jet Saturday 42 00:01:56,280 --> 00:01:59,000 Speaker 2: morning down there you go to North Carolina, So I'll 43 00:01:59,000 --> 00:02:00,720 Speaker 2: do my part there. But I mean, they need to 44 00:02:00,720 --> 00:02:03,360 Speaker 2: get that production up. And I quote George Ferguson and 45 00:02:03,400 --> 00:02:06,880 Speaker 2: Bloomberg Intelligence, he says they're on the right track, but 46 00:02:07,040 --> 00:02:10,720 Speaker 2: ideally they need to be in the fifty plane range 47 00:02:10,760 --> 00:02:13,480 Speaker 2: in terms of monthly production. So they're getting there. So 48 00:02:13,480 --> 00:02:15,360 Speaker 2: I guess that's right. And the cash for the free 49 00:02:15,360 --> 00:02:18,079 Speaker 2: cash flow negative free cash flow came in better than 50 00:02:18,120 --> 00:02:20,959 Speaker 2: expected for the quarter. So that's I guess some good 51 00:02:21,000 --> 00:02:25,520 Speaker 2: news for that stock. Another you know, just blue chip 52 00:02:25,680 --> 00:02:27,280 Speaker 2: back in the day stock AT and T. 53 00:02:27,680 --> 00:02:30,000 Speaker 3: Yeah, and there's you know a lot of competition, right, 54 00:02:30,080 --> 00:02:32,600 Speaker 3: you have Verizon, you have T Mobile, so a lot 55 00:02:32,680 --> 00:02:35,120 Speaker 3: of competition. So they did share some good news. They 56 00:02:35,120 --> 00:02:38,400 Speaker 3: attracted more new wireless subscribers than expected, three hundred and 57 00:02:38,400 --> 00:02:41,160 Speaker 3: twenty four thousand mobile phone customers the first three months 58 00:02:41,200 --> 00:02:44,399 Speaker 3: of the year. It's highly competitive. It comes after of Verizon. 59 00:02:44,400 --> 00:02:48,400 Speaker 3: You remember yesterday I reported a loss of subscribers. And 60 00:02:48,440 --> 00:02:51,000 Speaker 3: the thing is consumers they're a little bit more price conscious, right, 61 00:02:51,000 --> 00:02:53,840 Speaker 3: We're holding onto our phones a little bit longer. They 62 00:02:54,000 --> 00:02:56,200 Speaker 3: rolled out for us promotions. You probably see a lot 63 00:02:56,200 --> 00:02:59,280 Speaker 3: of the promotions lately. Also would be it on revenue 64 00:02:59,280 --> 00:03:01,400 Speaker 3: for AT and T. It grew to a thirty point 65 00:03:01,440 --> 00:03:04,440 Speaker 3: six billion. It also reiterated its twenty twenty five full 66 00:03:04,520 --> 00:03:06,400 Speaker 3: year guidance. But we continue with this guys because you 67 00:03:06,400 --> 00:03:09,239 Speaker 3: have T mobile. That's following up tomorrow. 68 00:03:10,040 --> 00:03:14,160 Speaker 1: The Stock Movers podcast from Bloomberg Radio. Check back with 69 00:03:14,240 --> 00:03:17,000 Speaker 1: us throughout the day for the latest roundup of companies 70 00:03:17,040 --> 00:03:20,079 Speaker 1: making news on Wall Street and for the latest market 71 00:03:20,120 --> 00:03:24,520 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 72 00:03:24,560 --> 00:03:27,800 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 73 00:03:27,840 --> 00:03:29,320 Speaker 1: the Bloomberg Business app.