1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,640 --> 00:00:13,040 Speaker 2: The Stock Movers podcast, your roundup of companies making moves 3 00:00:13,080 --> 00:00:16,480 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,800 --> 00:00:21,000 Speaker 3: Let's get to look at what's happening with the moves today. 5 00:00:21,000 --> 00:00:22,759 Speaker 3: I'm Paul Sweeney with Alex Steel and we're joined by 6 00:00:22,760 --> 00:00:24,919 Speaker 3: Bloomberg's Christina Kino. Christine, what are you looking at in 7 00:00:24,960 --> 00:00:25,640 Speaker 3: the stock market? 8 00:00:25,720 --> 00:00:28,960 Speaker 1: Well, Paul, I'm looking at Tesla, of course, digger Tsla 9 00:00:29,080 --> 00:00:31,319 Speaker 1: that is currently up one point seven percent or just 10 00:00:31,320 --> 00:00:34,479 Speaker 1: a little bit north of that, and that's because after 11 00:00:34,640 --> 00:00:38,120 Speaker 1: the news that Bloomberg reported. So it's just telling us 12 00:00:38,280 --> 00:00:41,720 Speaker 1: that Tesla is poised to begin it's long awaited robotaxi 13 00:00:41,800 --> 00:00:44,360 Speaker 1: service in Austin on the twelfth of June. So we 14 00:00:44,400 --> 00:00:46,159 Speaker 1: did know the date. We knew that this was happening, 15 00:00:46,159 --> 00:00:49,479 Speaker 1: we didn't know the date, and supposedly that has been 16 00:00:49,520 --> 00:00:52,760 Speaker 1: discussed internally, could still be subject to change. But we 17 00:00:52,880 --> 00:00:56,000 Speaker 1: have seen the company preparing for the lunch this week. 18 00:00:56,040 --> 00:00:59,280 Speaker 1: Apparently it operated a test vehicle on public roads in Austin. 19 00:00:59,520 --> 00:01:01,480 Speaker 1: No one was the driver's seat. For the first time, 20 00:01:01,720 --> 00:01:04,959 Speaker 1: there was a Tesla engineer in the passenger's seat, and 21 00:01:05,080 --> 00:01:08,240 Speaker 1: it was a Model Y SUV according to sources, and 22 00:01:08,440 --> 00:01:10,520 Speaker 1: that drove autonomously with no remote operation. 23 00:01:11,400 --> 00:01:11,640 Speaker 2: Huh. 24 00:01:12,000 --> 00:01:12,360 Speaker 1: I don't know. 25 00:01:12,360 --> 00:01:15,240 Speaker 3: Okay, if I were a Tesla investor, I feel much 26 00:01:15,280 --> 00:01:16,920 Speaker 3: better now that Elon Musk is back. 27 00:01:17,200 --> 00:01:19,200 Speaker 2: I just find they're requiring him to work like forty 28 00:01:19,200 --> 00:01:21,600 Speaker 2: hours a week or they want they want him back 29 00:01:21,600 --> 00:01:22,039 Speaker 2: in the chair. 30 00:01:22,520 --> 00:01:22,880 Speaker 1: Yeah. 31 00:01:23,080 --> 00:01:26,320 Speaker 3: I mean, and you know, stocks rallied pretty nicely here, 32 00:01:26,640 --> 00:01:29,520 Speaker 3: you know, so I think it's I think it's working. Yeah. 33 00:01:29,560 --> 00:01:32,319 Speaker 1: You always want leadership in the seat, right, especially want to. 34 00:01:32,920 --> 00:01:35,080 Speaker 3: Elon Musk, who's so associated with the company. 35 00:01:35,160 --> 00:01:37,960 Speaker 2: Yeah, and he can say like jump high and everyone's 36 00:01:37,959 --> 00:01:39,080 Speaker 2: like okay, yeah, and they'll do it. 37 00:01:39,200 --> 00:01:41,000 Speaker 3: I mean who else has that kind of sway? Let's 38 00:01:41,040 --> 00:01:42,000 Speaker 3: go to United Airlines? 39 00:01:42,080 --> 00:01:45,440 Speaker 1: Yeah, United Airlines to curt Ua l that is currently 40 00:01:45,520 --> 00:01:47,320 Speaker 1: up more than one and a half percent, so par 41 00:01:47,360 --> 00:01:49,920 Speaker 1: are some of those opening games, but still higher. And 42 00:01:50,160 --> 00:01:53,800 Speaker 1: that is because of that partnership that United and Jet 43 00:01:53,800 --> 00:01:55,440 Speaker 1: Blue agreed to. It it's going to be called the 44 00:01:55,440 --> 00:01:58,720 Speaker 1: Blue Sky Alliance, and that will allow travelers to use 45 00:01:59,000 --> 00:02:01,800 Speaker 1: loyalty points book flights across the two carriers. So if 46 00:02:01,800 --> 00:02:04,920 Speaker 1: you're a Jet Blue customer or a United customer, you 47 00:02:04,920 --> 00:02:09,920 Speaker 1: can cross over those points systems. Now they're also integrating 48 00:02:09,960 --> 00:02:12,600 Speaker 1: their operations in New York City area, so that means 49 00:02:12,639 --> 00:02:16,200 Speaker 1: that United will return to JFK and meanwhile Jet Blue 50 00:02:16,240 --> 00:02:19,399 Speaker 1: will get access to Newark and that partnership will give 51 00:02:19,520 --> 00:02:22,200 Speaker 1: United use of Jet Blues JK flights slash for up 52 00:02:22,240 --> 00:02:25,040 Speaker 1: to seven daily round trips. That's starting in twenty twenty seven. 53 00:02:25,560 --> 00:02:27,440 Speaker 3: I think it's a win win for both airlines totally. 54 00:02:27,639 --> 00:02:30,600 Speaker 3: If you're United, well, you need some diversification away from Newark. 55 00:02:30,360 --> 00:02:30,680 Speaker 2: All right. 56 00:02:30,680 --> 00:02:34,240 Speaker 1: That's by Best Buy Tick or bby that is now 57 00:02:34,280 --> 00:02:37,240 Speaker 1: extending the clients down nearly nine percent as we get 58 00:02:37,320 --> 00:02:39,680 Speaker 1: underway into US session. And of course we have the 59 00:02:39,680 --> 00:02:42,679 Speaker 1: company reducing its sales and profit outlook for the year 60 00:02:43,040 --> 00:02:45,880 Speaker 1: and they say that projections now reflect an assumption that 61 00:02:46,000 --> 00:02:48,839 Speaker 1: tariffs stay at current levels for the rest of the year. 62 00:02:49,040 --> 00:02:51,480 Speaker 1: So the silver line, you know, is that analysts are 63 00:02:51,560 --> 00:02:54,120 Speaker 1: saying that that guidance is actually way better than feared, 64 00:02:54,120 --> 00:02:58,480 Speaker 1: according to JP Morgan and Piper Sandler. Analysts also noting 65 00:02:58,560 --> 00:03:01,520 Speaker 1: that the guidance does imply a rebound in margin trends 66 00:03:01,720 --> 00:03:03,079 Speaker 1: in the back half of the year. And of course 67 00:03:03,080 --> 00:03:06,480 Speaker 1: we got that news today right or overnight about that 68 00:03:06,600 --> 00:03:09,560 Speaker 1: court ruling on terror, So who knows, you know, I mean, 69 00:03:09,680 --> 00:03:12,519 Speaker 1: there's still a lot that could change on the terror front. 70 00:03:12,560 --> 00:03:15,200 Speaker 1: So maybe actually best buys a guidance ends up being 71 00:03:15,480 --> 00:03:17,640 Speaker 1: on the conservative side and a little bit of upside 72 00:03:17,639 --> 00:03:19,640 Speaker 1: at least that's what analysts are kind of guidance. 73 00:03:19,800 --> 00:03:24,600 Speaker 2: For the Stock Movers podcast from Bloomberg Radio, check back 74 00:03:24,639 --> 00:03:27,040 Speaker 2: with us throughout the day for the latest roundup of 75 00:03:27,120 --> 00:03:30,280 Speaker 2: companies making news on Wall Street and for the latest 76 00:03:30,360 --> 00:03:34,480 Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us 77 00:03:34,520 --> 00:03:37,880 Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android 78 00:03:37,920 --> 00:03:39,920 Speaker 2: Auto with the Bloomberg Business app.