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
00:00:17,280 --> 00:00:19,920
Speaker 3: I'm Alex Steel alongside Paul Sweeney. Let's get a look

5
00:00:19,920 --> 00:00:21,400
Speaker 3: at some of the stocks on the move with Bloomberg.

6
00:00:21,480 --> 00:00:24,680
Speaker 3: Christina Quino, let's pick it up with en Phase. So

7
00:00:24,760 --> 00:00:29,040
Speaker 3: this obviously moving on the Senate bill, proposed tax bill

8
00:00:29,080 --> 00:00:31,120
Speaker 3: and what they're doing with the win in solar tax credits.

9
00:00:31,160 --> 00:00:34,760
Speaker 1: Absolutely, Alex in Phase sticker e nph that is one

10
00:00:34,760 --> 00:00:38,160
Speaker 1: of the biggest decliners in that Solar stock complex shares

11
00:00:38,200 --> 00:00:40,640
Speaker 1: are down currently more than twenty three percent, but one

12
00:00:40,680 --> 00:00:43,320
Speaker 1: point that we're down about twenty seven to twenty eight percent.

13
00:00:43,440 --> 00:00:46,440
Speaker 1: That was the biggest decline for a one day drop

14
00:00:46,600 --> 00:00:50,040
Speaker 1: since September twenty sixteen, and earlier we also saw shares

15
00:00:50,240 --> 00:00:52,400
Speaker 1: falling to the lowest since March twenty twenty. And as

16
00:00:52,400 --> 00:00:55,200
Speaker 1: you mentioned, Alex is absolutely right that is because of

17
00:00:55,320 --> 00:01:00,200
Speaker 1: the reaction to the Senate version of the budget bill.

18
00:01:00,280 --> 00:01:03,920
Speaker 1: So basically the proposal is that they would end incentive

19
00:01:04,000 --> 00:01:06,680
Speaker 1: for wind and solar by twenty twenty eight, that is

20
00:01:06,720 --> 00:01:09,520
Speaker 1: earlier than expected. And in tax breaks for other sources

21
00:01:09,520 --> 00:01:12,080
Speaker 1: of power such as nuclear, higher power and geo thermal

22
00:01:12,200 --> 00:01:15,080
Speaker 1: will be allowed to remain until they're phase out in

23
00:01:15,160 --> 00:01:17,640
Speaker 1: twenty thirty six. So initially there were hopes that it

24
00:01:17,680 --> 00:01:19,520
Speaker 1: was going to go the other way, but not so much.

25
00:01:19,600 --> 00:01:21,600
Speaker 3: So may just al explain a little bit on this one.

26
00:01:21,680 --> 00:01:23,920
Speaker 3: So tax credits you can still get them for solar

27
00:01:23,959 --> 00:01:28,240
Speaker 3: for power Producer agreement, So basically the utilities can still

28
00:01:28,280 --> 00:01:31,040
Speaker 3: get those tax credits, but you putting a solar panel

29
00:01:31,080 --> 00:01:33,680
Speaker 3: on your house cannot an end phase put those solar

30
00:01:33,720 --> 00:01:36,480
Speaker 3: panels on your house. So that's where that distinction is,

31
00:01:37,040 --> 00:01:39,640
Speaker 3: which has many kind of scratching their head like why

32
00:01:39,680 --> 00:01:42,199
Speaker 3: why help utilities and not individuals?

33
00:01:42,200 --> 00:01:44,040
Speaker 2: But right, because did those things work?

34
00:01:44,040 --> 00:01:45,679
Speaker 1: By the way, I don't know anything about the panels,

35
00:01:45,720 --> 00:01:47,360
Speaker 1: like they don't look.

36
00:01:47,200 --> 00:01:49,880
Speaker 3: Good, but if they cut my electric bill, maybe it's

37
00:01:49,880 --> 00:01:51,080
Speaker 3: worth it for a lot of people. You know, it

38
00:01:51,080 --> 00:01:54,280
Speaker 3: really helps with that the tax credits because you might

39
00:01:54,280 --> 00:01:55,840
Speaker 3: have to put out a lot upfront to kind of

40
00:01:55,840 --> 00:01:57,280
Speaker 3: build it. With the tax credits, though, you get a

41
00:01:57,360 --> 00:01:59,480
Speaker 3: nice little rebate, and that's where it becomes economic and

42
00:01:59,520 --> 00:02:01,640
Speaker 3: that's where the issue really is for the likes of

43
00:02:01,680 --> 00:02:02,760
Speaker 3: endfaith T Mobile.

44
00:02:03,040 --> 00:02:07,760
Speaker 1: T Mobile ticker TMUS shares her down again nearly four

45
00:02:07,800 --> 00:02:10,240
Speaker 1: percent at the moment, and that is because we got

46
00:02:10,480 --> 00:02:14,240
Speaker 1: SoftBank sharing or selling at Steak for four point eight

47
00:02:14,320 --> 00:02:17,000
Speaker 1: billion dollars. That's the biggest US share sales since d

48
00:02:17,120 --> 00:02:20,200
Speaker 1: D Bank sold a thirteen point one billion steak in

49
00:02:20,320 --> 00:02:24,440
Speaker 1: Charles Schwab in February. And so SoftBank all about investing

50
00:02:24,480 --> 00:02:27,080
Speaker 1: in AI right, It has plans to put down as

51
00:02:27,160 --> 00:02:29,480
Speaker 1: much as thirty billion dollars in Open AI, and so

52
00:02:29,560 --> 00:02:33,400
Speaker 1: you'd expect the proceeds of this latest sale to fund

53
00:02:33,560 --> 00:02:36,200
Speaker 1: those investments. So obviously not good news for T Mobile.

54
00:02:36,240 --> 00:02:39,920
Speaker 1: And just yesterday, remember shares were initially pressured after we

55
00:02:39,919 --> 00:02:42,919
Speaker 1: got news that the Trump family is unveiling a Trump

56
00:02:43,040 --> 00:02:45,840
Speaker 1: branded mobile phone business. So I'm talking about before T

57
00:02:46,040 --> 00:02:49,080
Speaker 1: Mobile today here, all right. Jet Blue Jet Blue ticker

58
00:02:49,200 --> 00:02:53,240
Speaker 1: JBLU shares down also nearly four percent at the moment,

59
00:02:53,320 --> 00:02:56,640
Speaker 1: as because we did get reports that their plans to

60
00:02:56,680 --> 00:03:00,600
Speaker 1: accelerate their cost productions by eliminating some flights, pausing utterfits

61
00:03:00,600 --> 00:03:04,040
Speaker 1: and parking some jets due to weakerd and expected demand

62
00:03:04,080 --> 00:03:07,000
Speaker 1: for travel. And that's according to an internal memo, which

63
00:03:07,040 --> 00:03:09,720
Speaker 1: CNBC reported on earlier. You know, just a few weeks ago,

64
00:03:09,800 --> 00:03:11,920
Speaker 1: Jet bluer actually had some good news because they announced

65
00:03:11,919 --> 00:03:14,840
Speaker 1: a partnership with United that they were gonna, you know,

66
00:03:15,160 --> 00:03:18,200
Speaker 1: use their loyalty points and have people book flights across

67
00:03:18,200 --> 00:03:19,799
Speaker 1: the two carriers. They got to boost the ind but

68
00:03:20,200 --> 00:03:22,120
Speaker 1: clear not a good news day for Jet Blue.

69
00:03:21,919 --> 00:03:27,519
Speaker 2: Today the Stock Movers podcast from Bloomberg Radio. Check back

70
00:03:27,560 --> 00:03:29,960
Speaker 2: with us throughout the day for the latest roundup of

71
00:03:30,000 --> 00:03:33,200
Speaker 2: companies making news on Wall Street and for the latest

72
00:03:33,240 --> 00:03:37,400
Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us

73
00:03:37,440 --> 00:03:40,760
Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android

74
00:03:40,800 --> 00:03:42,840
Speaker 2: Auto with the Bloomberg Business app.