1 00:00:02,520 --> 00:00:08,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, the. 2 00:00:09,000 --> 00:00:14,080 Speaker 2: Stock Movers podcast. This is your roundup of companies making 3 00:00:14,120 --> 00:00:17,599 Speaker 2: news on Wall Street and beyond. Harnessing the power of 4 00:00:17,640 --> 00:00:19,680 Speaker 2: Bloomberg Data, let's take. 5 00:00:19,560 --> 00:00:21,200 Speaker 3: A look at some stocks on the move today. We're 6 00:00:21,239 --> 00:00:25,840 Speaker 3: joined by Bloomberg's Valerie Titel. Valerie. Tesla's moving lower. What's 7 00:00:25,840 --> 00:00:26,200 Speaker 3: going on? 8 00:00:26,520 --> 00:00:29,960 Speaker 1: Yeah, Tesla down one point three percent. It's leading losses 9 00:00:30,040 --> 00:00:33,520 Speaker 1: across the mag seven this morning in pre market trade 10 00:00:33,560 --> 00:00:36,720 Speaker 1: after it's recalled all of the cyber trucks it produced 11 00:00:36,720 --> 00:00:39,559 Speaker 1: and sold in the first fifteen months it was on 12 00:00:39,600 --> 00:00:42,839 Speaker 1: the market in the US over a safety issue it's 13 00:00:42,880 --> 00:00:46,600 Speaker 1: having trouble resolving. Nathan. There's some pieces of steel trim 14 00:00:46,640 --> 00:00:49,880 Speaker 1: along the exterior of the cyber truck that can come loose. 15 00:00:49,960 --> 00:00:52,120 Speaker 1: And note this is not the first time that Tesla 16 00:00:52,159 --> 00:00:54,640 Speaker 1: has recalled the cyber truck. It's now the sixth time 17 00:00:55,000 --> 00:00:59,080 Speaker 1: it's issued a recall within the year of launching this 18 00:00:59,120 --> 00:01:02,000 Speaker 1: truck in November twenty twenty three, and one of those 19 00:01:02,000 --> 00:01:04,720 Speaker 1: earlier safety campaigns was also about a piece of trim 20 00:01:04,760 --> 00:01:07,800 Speaker 1: loose coming loose on the exterior of the truck bed. 21 00:01:07,840 --> 00:01:10,639 Speaker 1: So Tesla is to the downside, down one point three percent. 22 00:01:11,040 --> 00:01:13,400 Speaker 3: And this morning we've got word of a major investment 23 00:01:13,440 --> 00:01:16,080 Speaker 3: that could be coming from Nvidia. How's that stock going. 24 00:01:16,080 --> 00:01:19,120 Speaker 1: Yeah, exactly. This isn't really boosting the stock this morning. 25 00:01:19,200 --> 00:01:22,800 Speaker 1: Navidia is trading down half of one percent. The FT 26 00:01:23,160 --> 00:01:26,040 Speaker 1: reported that it's been planning to invest hundreds of billions 27 00:01:26,040 --> 00:01:30,399 Speaker 1: of dollars in US made chips and electronics. The FT 28 00:01:30,600 --> 00:01:33,520 Speaker 1: reports the company will spend around half a trillion dollars 29 00:01:33,560 --> 00:01:37,000 Speaker 1: in the US over the next four years. The CEO 30 00:01:37,120 --> 00:01:40,120 Speaker 1: is saying Navidia can manufacture its latest systems in the 31 00:01:40,200 --> 00:01:43,200 Speaker 1: US through suppliers like TSMC and fox Con. But that 32 00:01:43,920 --> 00:01:47,240 Speaker 1: news not having much much boost to the stock. This morning, 33 00:01:47,280 --> 00:01:48,960 Speaker 1: Navidia down a half of one percent. 34 00:01:49,280 --> 00:01:51,919 Speaker 3: Now, we've got some stocks moving on earnings this morning 35 00:01:51,960 --> 00:01:55,240 Speaker 3: as well. Valerie tell us about Shoe Carnival that one's 36 00:01:55,240 --> 00:01:56,560 Speaker 3: taking a beating right now. 37 00:01:56,840 --> 00:02:00,240 Speaker 1: Yeah, beating for Shoe Carnival, down twelve and a half percent. 38 00:02:00,440 --> 00:02:04,800 Speaker 1: Nathan on disappointing sales guidance. Their fourth quarter net sales 39 00:02:04,840 --> 00:02:08,440 Speaker 1: also missed estimates, but the guidance for the full year 40 00:02:08,520 --> 00:02:12,200 Speaker 1: sales came way below Wall Street estimates. They now expect 41 00:02:12,240 --> 00:02:15,080 Speaker 1: to sales to see a decline for this fiscal year 42 00:02:15,440 --> 00:02:18,440 Speaker 1: and guided for earnings that were also below estimates. It's 43 00:02:18,440 --> 00:02:21,040 Speaker 1: been weighing on the shares this morning. Shoe Carnival down 44 00:02:21,120 --> 00:02:22,559 Speaker 1: twelve and a half percent. 45 00:02:22,720 --> 00:02:26,200 Speaker 3: Speaking of below five below, much different. 46 00:02:26,040 --> 00:02:29,720 Speaker 1: Story, a different story here for five below, another retailer 47 00:02:29,800 --> 00:02:33,079 Speaker 1: reporting this morning. Those shares are up eleven point six percent. 48 00:02:33,760 --> 00:02:36,359 Speaker 1: They had a beat on their fourth quarter results and 49 00:02:36,400 --> 00:02:39,679 Speaker 1: they also issued an upbeat outlook for the year. Those 50 00:02:39,680 --> 00:02:43,200 Speaker 1: shares are climbing up eleven point six percent, but some 51 00:02:43,320 --> 00:02:47,280 Speaker 1: analysts are out already saying they're cautious about this move, 52 00:02:47,440 --> 00:02:51,040 Speaker 1: saying that the long term impact of tariffs could weigh 53 00:02:51,120 --> 00:02:54,600 Speaker 1: on the business. Morgan Stanley and Barclays both cut their 54 00:02:54,639 --> 00:02:58,000 Speaker 1: targets after these earnings from five below. But it's still 55 00:02:58,040 --> 00:03:00,119 Speaker 1: on the rise of eleven point six percent. 56 00:03:00,000 --> 00:03:02,200 Speaker 3: And we've got more earnings later today. What stuck should 57 00:03:02,200 --> 00:03:02,960 Speaker 3: we be watching there? 58 00:03:03,480 --> 00:03:05,440 Speaker 1: Yeah, that's right, a slew of earnings. The big ones 59 00:03:05,440 --> 00:03:08,160 Speaker 1: come after the bell, Nathan. We've got FedEx, which is 60 00:03:08,200 --> 00:03:11,160 Speaker 1: known as quite a bellweather for the US economy. Reporting 61 00:03:11,240 --> 00:03:13,680 Speaker 1: also at Nike. You know, how has the new CEO 62 00:03:14,280 --> 00:03:17,320 Speaker 1: done with their turnaround plan, and then another tech name. 63 00:03:17,360 --> 00:03:20,519 Speaker 1: We get Micron, the chip fabricator as well. All three 64 00:03:20,560 --> 00:03:21,799 Speaker 1: of those reporting after. 65 00:03:21,600 --> 00:03:26,960 Speaker 2: The bell the Stock Movers podcast from Bloomberg Radio. Check 66 00:03:27,000 --> 00:03:29,520 Speaker 2: back with us throughout the day for the latest roundup 67 00:03:29,560 --> 00:03:32,400 Speaker 2: of companies making news on Wall Street and for the 68 00:03:32,480 --> 00:03:36,880 Speaker 2: latest market moving headlines. Listen to Bloomberg Radio Live, catch 69 00:03:36,960 --> 00:03:40,040 Speaker 2: us on YouTube, Bloomberg dot com, and on Applecarplay and 70 00:03:40,040 --> 00:03:42,480 Speaker 2: Android Auto with the Bloomberg Business app.