Speaker 1: Bloomberg Audio Studios, podcasts, radio.
Speaker 2: News, The Stock Movers Report, your roundup of companies making
Speaker 2: moves in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: All right, let's get to you some stocks on the move, Alex.
Speaker 3: You're looking at the gainer, so right, certainly.
Speaker 4: Yeah.
Speaker 1: One sector that is having a really strong start to
Speaker 1: twenty twenty six is the furniture stocks, and that is,
Speaker 1: of course, after the White House House paused its tariffs
Speaker 1: on furniture. Our Age is up about eight percent today
Speaker 1: and then Wayfair up six percent. This is after President
Speaker 1: Trump on Wednesday said that he would keep that twenty
Speaker 1: five percent tariff on furniture that he issued back in September.
Speaker 1: He was supposed to raise it to thirty percent at
Speaker 1: the end at the start of twenty twenty six rather,
Speaker 1: but he said that discussions around trade are going well,
Speaker 1: so he's not going to do that. And I just
Speaker 1: want to talk about the performance of some of these
Speaker 1: companies last year. Wayfair sort one hundred and twenty five percent.
Speaker 1: This was as consumers went bargain hunting opted for some
Speaker 1: cheaper options. On the other hands, the fancier companies like
Speaker 1: our h didn't do so well, our h down more
Speaker 1: than fifty percent on the year. And you guys remember
Speaker 1: that earnings call in April when the CEO actually was
Speaker 1: watching his stock tank.
Speaker 2: Yeah he did.
Speaker 1: Yeah, we're not going to repeat it.
Speaker 3: That a good thing to do, all right, Norah, you've
Speaker 3: got to decline it for us. Walk us through Vivian.
Speaker 4: Yes, So we saw shares of Rivian closing lower by
Speaker 4: about one point six percent on the day. This is
Speaker 4: after the company reported fourth quarter deliveries that fell short
Speaker 4: of the average analyst estimate. They did have production that
Speaker 4: came in line. Of course, all eyes are going to
Speaker 4: be on its earnings report. It's fourth quarter twenty twenty
Speaker 4: five earnings report comes out next month, so we'll really
Speaker 4: be parsing through that. But I mean, this is a
Speaker 4: company that finished up by about forty eight percent on
Speaker 4: the year for twenty twenty five.
Speaker 2: Okay, let's do Tesla.
Speaker 4: Yeah, I mean, let's might as well skip to it.
Speaker 4: That's another peer that we're looking at. We see shares
Speaker 4: of Tesla that ended lower by about two zero point
Speaker 4: six percent. This is actually as seven straight day of
Speaker 4: losses as we look at that continued streak. But we
Speaker 4: did see shares of Tesla that we're up about eleven
Speaker 4: percent on the day. But we do know that Tesla
Speaker 4: has essentially given up its title as the world's top
Speaker 4: seller of EV cars to China's BYD. We were talking
Speaker 4: about this a bit earlier. Maybe people may not be
Speaker 4: as familiar with the car buid in the US, but
Speaker 4: it's certainly very popular.
Speaker 3: Build idea, that's what it stands for, dreams.
Speaker 4: The more you know, it's definitely really I love it.
Speaker 3: I know he is right. Yeah, all right, so Tesla
Speaker 3: not so great. But BYD let's go there.
Speaker 2: Yeah.
Speaker 1: On the other hand, BYD closed up a five percent.
Speaker 1: That's US listed shares. We love a big winners and
Speaker 1: loser stories. Tesla was the loser clearly, and BYD the winner.
Speaker 1: It actually increased its battery electric vehicle sales for both
Speaker 1: the quarter and the full year, unlike those dismal numbers
Speaker 1: from Tesla, and some of the reasons that it's been
Speaker 1: outperforming and doing so is because it actually offers cheaper models,
Speaker 1: they're more accessible, it has strong overseas sales, and Tesla,
Speaker 1: on the other hand, has been shifting its focus away
Speaker 1: from those evs more to autonomous vehicles. And AI ambitions.
Speaker 3: Bletch, can't I am here in the US exactly?
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