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 --> 00:00:20,240 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:20,280 --> 00:00:23,599 Speaker 1: We are joined by Bloomberg's Kritty Gupta. Not a whole 6 00:00:23,640 --> 00:00:26,160 Speaker 1: lot of green on the screen with a risk off 7 00:00:26,680 --> 00:00:30,760 Speaker 1: throughout the market on this Monday morning. Critty, good morning, Nathan. 8 00:00:30,800 --> 00:00:33,000 Speaker 3: Exactly. You are seeing some green on the screen, but 9 00:00:33,040 --> 00:00:36,839 Speaker 3: in places that are traditionally kind of the defensive plays 10 00:00:36,560 --> 00:00:38,320 Speaker 3: for a lot of folks. I'll give you a great 11 00:00:38,320 --> 00:00:40,680 Speaker 3: example here. Take a look at the one kind of 12 00:00:40,720 --> 00:00:42,600 Speaker 3: asset that's moving to the upside this morning, and that 13 00:00:42,680 --> 00:00:44,600 Speaker 3: is going to be gold prices. You're seeing the exact 14 00:00:44,640 --> 00:00:47,440 Speaker 3: same reflection when it comes to the US stock market 15 00:00:47,440 --> 00:00:49,600 Speaker 3: in the pre equity move. So Newmont, for example, ne 16 00:00:49,640 --> 00:00:53,800 Speaker 3: Em is your ticker, this major goal gold miner is 17 00:00:53,960 --> 00:00:56,800 Speaker 3: higher by about one point three percent. But Nathan, then 18 00:00:56,840 --> 00:00:58,840 Speaker 3: you really have to put on your magnifying glass to 19 00:00:58,880 --> 00:01:01,279 Speaker 3: find the rest of the on the screen because it 20 00:01:01,360 --> 00:01:03,880 Speaker 3: is fairly broad based of a selloff. So I'll start 21 00:01:03,920 --> 00:01:06,120 Speaker 3: with that gold price on numont Hire. Every one point 22 00:01:06,160 --> 00:01:08,559 Speaker 3: three percent, trading just shive forty nine dollars a share 23 00:01:08,880 --> 00:01:12,920 Speaker 3: and by a massive margin relative to all of its peers. 24 00:01:13,160 --> 00:01:15,520 Speaker 3: And then you go to the downside and every other 25 00:01:15,720 --> 00:01:19,640 Speaker 3: kind of traditionally defensive play, which is traditionally your mag 26 00:01:19,680 --> 00:01:22,640 Speaker 3: seven your biggest tech companies are all taking a beating 27 00:01:22,800 --> 00:01:25,520 Speaker 3: this morning, including the likes of some of the commodity 28 00:01:25,600 --> 00:01:28,280 Speaker 3: names we've seen in the past couple of days as well. 29 00:01:28,319 --> 00:01:31,000 Speaker 3: So let me walk you through it. Palenteer this morning 30 00:01:31,360 --> 00:01:34,600 Speaker 3: is taking the biggest hit. PLTR down about six percent 31 00:01:34,640 --> 00:01:36,760 Speaker 3: this morning in the pre market, trading just shrive eighty 32 00:01:36,800 --> 00:01:38,920 Speaker 3: one dollars a share. If you are exposed to the 33 00:01:38,959 --> 00:01:42,640 Speaker 3: AI trade, which Palenteer Tesla a little bit of CrowdStrike 34 00:01:42,720 --> 00:01:45,080 Speaker 3: and VideA kind of is yor known as these basket 35 00:01:45,080 --> 00:01:48,080 Speaker 3: of stocks that really trade these massive multiples but trade 36 00:01:48,080 --> 00:01:50,960 Speaker 3: on these AI headlines, you are in negative territory, and 37 00:01:50,960 --> 00:01:54,040 Speaker 3: you're in it quite deep. So Tesla, for example, Tsla 38 00:01:54,120 --> 00:01:56,800 Speaker 3: down almost five percent in the pre market, two hundred 39 00:01:56,840 --> 00:02:00,760 Speaker 3: and fifty one dollars a share and snowballing as Ice B. K. Nathan. 40 00:02:01,000 --> 00:02:04,720 Speaker 3: A similar story for the likes of Nvidia NVDA, down 41 00:02:04,760 --> 00:02:07,080 Speaker 3: about three and a half percent as well. As you 42 00:02:07,120 --> 00:02:08,600 Speaker 3: go down the list, you are still seeing quite a 43 00:02:08,639 --> 00:02:11,200 Speaker 3: bit of pain and the likes of Amazon and Amzn 44 00:02:11,800 --> 00:02:14,120 Speaker 3: down about one point seven percent, trading at one hundred 45 00:02:14,160 --> 00:02:16,480 Speaker 3: and eighty nine dollars to share. Again, no major news 46 00:02:16,480 --> 00:02:19,000 Speaker 3: flow for the text base broadly, just to broad sell 47 00:02:19,040 --> 00:02:21,560 Speaker 3: off that you're seeing around the world. Even the likes 48 00:02:21,600 --> 00:02:23,800 Speaker 3: of Freeport Macmaran, which is a company we've been keeping 49 00:02:23,800 --> 00:02:25,920 Speaker 3: an eye on in terms of copper tariffs and the 50 00:02:26,000 --> 00:02:28,320 Speaker 3: China story, and what that looks like is down and 51 00:02:28,360 --> 00:02:31,000 Speaker 3: down hard, down about two and a half percent. FCX 52 00:02:31,200 --> 00:02:34,800 Speaker 3: trading about thirty seven dollars and forty six cents a share. 53 00:02:34,840 --> 00:02:37,680 Speaker 3: And Nathan the drama in French politics right now, we 54 00:02:37,680 --> 00:02:41,000 Speaker 3: should mention there are French ETFs that are not trading 55 00:02:41,240 --> 00:02:43,960 Speaker 3: just yet in terms of the pre market share kind 56 00:02:43,960 --> 00:02:45,959 Speaker 3: of trade, but they are one that have traded in 57 00:02:46,000 --> 00:02:49,040 Speaker 3: the past, especially back in December when Michael Barnier was 58 00:02:49,080 --> 00:02:52,240 Speaker 3: dealing with his no confidence vote. So keeping on on EWQ, 59 00:02:52,880 --> 00:02:56,720 Speaker 3: that's the MSCII shares France basket down about four tens 60 00:02:56,760 --> 00:02:58,760 Speaker 3: of one percent, but not trading with a ton of volatility. 61 00:02:58,880 --> 00:02:59,720 Speaker 3: I'm sure that'll change. 62 00:02:59,720 --> 00:03:04,720 Speaker 2: With the op about the Stockmovers podcast from Bloomberg Radio. 63 00:03:05,120 --> 00:03:07,480 Speaker 2: Check back with us throughout the day for the latest 64 00:03:07,520 --> 00:03:10,680 Speaker 2: roundup of companies making news on Wall Street and for 65 00:03:10,720 --> 00:03:14,639 Speaker 2: the latest market moving headlines. Listen to Bloomberg Radio Live, 66 00:03:15,040 --> 00:03:18,320 Speaker 2: catch us on YouTube, Bloomberg dot com, and on Applecarplay 67 00:03:18,320 --> 00:03:20,880 Speaker 2: and Android Auto with the Bloomberg Business app.