1 00:00:02,560 --> 00:00:07,400 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,680 --> 00:00:13,080 Speaker 2: The Stock Movers podcast, your roundup of companies making moves 3 00:00:13,119 --> 00:00:16,520 Speaker 2: in the stock market harnessing the power of Bloomberg data. 4 00:00:17,440 --> 00:00:19,079 Speaker 3: Let's take a look at some stocks on the move 5 00:00:19,400 --> 00:00:22,760 Speaker 3: this day with us as Managing editor for Bloomberg Markets 6 00:00:22,760 --> 00:00:23,920 Speaker 3: Live Blog, Christina Quino. 7 00:00:24,239 --> 00:00:26,720 Speaker 4: Back here in studio, where do you want to start. 8 00:00:27,000 --> 00:00:30,840 Speaker 1: Let's talk about super Micro, I mean, biggest beneficiary of 9 00:00:30,920 --> 00:00:35,320 Speaker 1: those seemingly more cordial shall we say, headlines between you 10 00:00:35,360 --> 00:00:38,000 Speaker 1: us in China overnight with day maybe we've. 11 00:00:37,800 --> 00:00:40,680 Speaker 3: Made the conversations about like the back and forth. It's 12 00:00:40,680 --> 00:00:42,760 Speaker 3: hard to say, but we shall see, right. 13 00:00:42,680 --> 00:00:45,240 Speaker 1: Yeah, exactly, And you know, to your point, Carol, that's 14 00:00:45,240 --> 00:00:48,159 Speaker 1: probably why we are seeing some of that pullback in 15 00:00:48,440 --> 00:00:51,160 Speaker 1: the optimism in equity markets generally. And you can also 16 00:00:51,159 --> 00:00:53,159 Speaker 1: see that in super Micro. Right, it's up less than 17 00:00:53,159 --> 00:00:55,320 Speaker 1: ten percent now, just nine in it percent. It was 18 00:00:55,320 --> 00:00:58,040 Speaker 1: of as much fourteen percent earlier because we did get 19 00:00:58,160 --> 00:01:01,800 Speaker 1: you know, throw up the day today. Treasury Sectory bestn't 20 00:01:02,040 --> 00:01:07,760 Speaker 1: commenting on the potential trade deal taking longer perhaps than 21 00:01:07,800 --> 00:01:11,040 Speaker 1: that investors are expecting, and also the fact that supposedly 22 00:01:11,080 --> 00:01:15,360 Speaker 1: President Trump has not offered made any unilateral concessions to 23 00:01:15,440 --> 00:01:18,600 Speaker 1: China about lower tariffs, So a lot of uncertainty still. 24 00:01:18,680 --> 00:01:21,320 Speaker 5: We spoke to Brandon Murray trades are and he put 25 00:01:21,360 --> 00:01:23,399 Speaker 5: it in he had a really interesting view. I'm just 26 00:01:23,400 --> 00:01:26,360 Speaker 5: going to repeat what he said because I really stuck 27 00:01:26,400 --> 00:01:26,600 Speaker 5: with me. 28 00:01:26,720 --> 00:01:27,039 Speaker 4: Carrol. 29 00:01:27,920 --> 00:01:31,240 Speaker 5: The President's negotiating with himself at this point, because it 30 00:01:31,280 --> 00:01:33,200 Speaker 5: doesn't seem like there's a back and forth with the 31 00:01:33,280 --> 00:01:33,839 Speaker 5: US and China. 32 00:01:33,920 --> 00:01:36,120 Speaker 3: There's no vill negotiating going on at this point, right, 33 00:01:36,160 --> 00:01:39,920 Speaker 3: there's no people at the table necessarily having that conversation. 34 00:01:40,160 --> 00:01:40,399 Speaker 4: Right. 35 00:01:40,520 --> 00:01:42,959 Speaker 3: President g has been very clear, let us know kind 36 00:01:42,959 --> 00:01:46,760 Speaker 3: of when things are more respectful and calm down, and 37 00:01:46,840 --> 00:01:49,480 Speaker 3: we have some steps to take to get there. The 38 00:01:49,560 --> 00:01:52,160 Speaker 3: other thing is if it's going to be a comprehensive 39 00:01:52,200 --> 00:01:55,440 Speaker 3: trade deal, as we keep hearing from the Secretary of 40 00:01:55,800 --> 00:01:58,720 Speaker 3: the Treasury Bestent that this is a couple of years 41 00:01:58,760 --> 00:02:00,520 Speaker 3: in the making, folks, you know. 42 00:02:00,680 --> 00:02:07,280 Speaker 4: Shup in what we saw Phase ten, Phase twenty. Yeah, 43 00:02:07,360 --> 00:02:08,960 Speaker 4: let's get to end phase. What's going on with that? 44 00:02:09,120 --> 00:02:11,160 Speaker 1: Yeah? Well, en phase on the other end of the 45 00:02:11,160 --> 00:02:15,200 Speaker 1: spectrum in terms of kind of the impact of US 46 00:02:15,320 --> 00:02:16,400 Speaker 1: China trade tensions. 47 00:02:16,560 --> 00:02:17,720 Speaker 4: So we did get results from them. 48 00:02:17,800 --> 00:02:21,880 Speaker 1: Yesterday is it's a solar and storage provider, and shares 49 00:02:21,919 --> 00:02:24,600 Speaker 1: felt his lowest snomest five years because it's said that 50 00:02:24,639 --> 00:02:26,919 Speaker 1: it sees about US six percent to eight percent hit 51 00:02:27,360 --> 00:02:33,320 Speaker 1: from those tariffs should they be imposed permanently, specifically on 52 00:02:33,400 --> 00:02:35,919 Speaker 1: battery imperts from China. So this is interesting because it's 53 00:02:35,960 --> 00:02:38,760 Speaker 1: one of the first disclosures that we've gotten on the 54 00:02:38,800 --> 00:02:43,120 Speaker 1: tariffs impact from a solar or battery company. So you know, 55 00:02:43,200 --> 00:02:45,760 Speaker 1: if that is a harbinger of things to come, if 56 00:02:46,800 --> 00:02:50,639 Speaker 1: the situation between US and China doesn't improve, then yeah, 57 00:02:50,680 --> 00:02:52,360 Speaker 1: we could potentially be seeing a lot more of these. 58 00:02:52,480 --> 00:02:56,520 Speaker 3: What's fascinating is yesterday we saw the solar names actually 59 00:02:56,720 --> 00:03:01,720 Speaker 3: pop higher and rally on tariffs being posed on imports, 60 00:03:01,760 --> 00:03:06,400 Speaker 3: and so that was considered good for the domestic solar industry. 61 00:03:06,480 --> 00:03:08,040 Speaker 4: But certainly a different trade today. 62 00:03:08,200 --> 00:03:10,440 Speaker 1: Yeah, definitely a different rad I guess it really just 63 00:03:10,480 --> 00:03:12,480 Speaker 1: depends on where you are right in terms of the 64 00:03:12,520 --> 00:03:13,280 Speaker 1: supply chain and. 65 00:03:13,440 --> 00:03:14,400 Speaker 4: Your exposure to that. 66 00:03:14,520 --> 00:03:17,080 Speaker 1: But it also I think more Brawley shows like just 67 00:03:17,160 --> 00:03:19,320 Speaker 1: how much of a choke hold all these trade and 68 00:03:19,360 --> 00:03:22,480 Speaker 1: tariff headlines have on risk sentiment and stock markets at 69 00:03:22,520 --> 00:03:23,079 Speaker 1: the moment. 70 00:03:22,880 --> 00:03:26,880 Speaker 5: Absolutely all right, the one that we have been talking 71 00:03:26,919 --> 00:03:29,440 Speaker 5: a lot, talking about a lot, but also because we 72 00:03:29,520 --> 00:03:32,119 Speaker 5: got a little more color on the call yesterday from 73 00:03:32,160 --> 00:03:35,000 Speaker 5: none other than Elon musk Tesla popping into wait called 74 00:03:35,000 --> 00:03:37,240 Speaker 5: to you. He didn't call me, he was on the 75 00:03:37,240 --> 00:03:39,920 Speaker 5: earnings call. Tell me, he said at least a word. 76 00:03:39,920 --> 00:03:41,800 Speaker 5: I might not be on all earnings calls, but he's 77 00:03:41,840 --> 00:03:43,720 Speaker 5: been on all innings calls since he said that. 78 00:03:43,800 --> 00:03:47,120 Speaker 4: Checking. Uh, shares popping today, Yeah, shares popping. 79 00:03:47,280 --> 00:03:48,840 Speaker 1: We got to talk about this right because it is 80 00:03:48,880 --> 00:03:51,120 Speaker 1: a bit of a head scratcher. I mean that earnings 81 00:03:51,160 --> 00:03:55,360 Speaker 1: result was just unequivocally negative. It's the worst quarter in years. 82 00:03:55,600 --> 00:03:58,520 Speaker 1: Company missed its top and bottom line estimates. It trimmed 83 00:03:58,520 --> 00:04:01,800 Speaker 1: its spending plans. But we're still seeing shares up about 84 00:04:01,840 --> 00:04:05,800 Speaker 1: eight percent at the moment. Because Elmas pledged to retreat 85 00:04:05,920 --> 00:04:09,880 Speaker 1: quote significantly from his US government work to concentrate on 86 00:04:09,920 --> 00:04:13,000 Speaker 1: the company. Because his work with DOGE is supposedly quote 87 00:04:13,200 --> 00:04:15,600 Speaker 1: mostly done well, we knew. 88 00:04:15,600 --> 00:04:17,919 Speaker 5: Because of his status as a special government employee, his 89 00:04:17,960 --> 00:04:21,000 Speaker 5: work would come to an end at some point, and 90 00:04:21,040 --> 00:04:23,320 Speaker 5: we know the number of days. So, as Ed pointed out, 91 00:04:23,360 --> 00:04:25,000 Speaker 5: this shouldn't be a surprise to a lot of people. 92 00:04:25,240 --> 00:04:27,400 Speaker 5: One thing that I it hadn't happened, that had happened, 93 00:04:27,720 --> 00:04:28,400 Speaker 5: that was coming. 94 00:04:28,240 --> 00:04:31,000 Speaker 3: Unless he like all of a sudden becomes a cover. 95 00:04:31,120 --> 00:04:34,599 Speaker 4: Yeah, I don't see that happening. Disclosures and the little badge, 96 00:04:34,680 --> 00:04:35,440 Speaker 4: Yeah I'm here. 97 00:04:36,080 --> 00:04:37,680 Speaker 5: But one thing that I thought was interesting about this 98 00:04:37,800 --> 00:04:41,359 Speaker 5: is we knew, you know, the shares of teslast starting 99 00:04:41,400 --> 00:04:43,200 Speaker 5: around right ahead of the election, when it looked like 100 00:04:43,240 --> 00:04:45,240 Speaker 5: Trump was going to win, they started to move higher, 101 00:04:45,240 --> 00:04:46,679 Speaker 5: and they've given up most of those. 102 00:04:46,520 --> 00:04:47,320 Speaker 4: Gains since then. 103 00:04:47,640 --> 00:04:49,400 Speaker 5: But that was when people knew he was going to 104 00:04:49,440 --> 00:04:52,919 Speaker 5: be a government employee or working with the government and 105 00:04:52,960 --> 00:04:57,760 Speaker 5: working at DOGE, So they were rewarding that, and then 106 00:04:57,760 --> 00:04:59,680 Speaker 5: they're rewarding him moving away too, which I think is 107 00:04:59,680 --> 00:05:00,760 Speaker 5: just an interesting change. 108 00:05:00,560 --> 00:05:02,480 Speaker 4: In the narrative. Yeah, it is very interesting. 109 00:05:02,520 --> 00:05:04,839 Speaker 1: I suppose now that we've gotten a little bit more 110 00:05:04,880 --> 00:05:07,919 Speaker 1: of an input into what does that mean exactly, Elon 111 00:05:08,040 --> 00:05:11,920 Speaker 1: Musk having a government position and investors have come to see, okay, 112 00:05:11,960 --> 00:05:14,200 Speaker 1: that probably means his attention is going to be divided 113 00:05:14,240 --> 00:05:15,840 Speaker 1: between his government work and Tesla. 114 00:05:16,000 --> 00:05:17,919 Speaker 4: That's probably not good for the company. 115 00:05:19,160 --> 00:05:23,320 Speaker 2: The Stock Movers Podcast from Bloomberg Radio. Check back with 116 00:05:23,400 --> 00:05:26,120 Speaker 2: us throughout the day for the latest roundup of companies 117 00:05:26,200 --> 00:05:29,240 Speaker 2: making news on Wall Street, and for the latest market 118 00:05:29,279 --> 00:05:33,599 Speaker 2: moving headlines. 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