1 00:00:02,560 --> 00:00:07,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,480 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,920 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,560 --> 00:00:18,400 Speaker 3: Let's take a look at some stocks on the move today. 5 00:00:18,400 --> 00:00:22,000 Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel on another 6 00:00:22,040 --> 00:00:24,239 Speaker 3: morning where stocks as a whole are kind of treading water, 7 00:00:24,280 --> 00:00:27,520 Speaker 3: and another morning where Intel is catching a bid the 8 00:00:27,560 --> 00:00:31,120 Speaker 3: most actively traded stock. Once again, this morning, the positive 9 00:00:31,120 --> 00:00:34,120 Speaker 3: headlines keep coming. Valory, Good morning, Gay, Good morning, Nathan. 10 00:00:34,159 --> 00:00:37,839 Speaker 1: There's actually two positive reports on Intel this morning. The 11 00:00:37,880 --> 00:00:40,720 Speaker 1: shares are up four percent in pre market. The first 12 00:00:40,720 --> 00:00:43,200 Speaker 1: report has to do with something broad the Wall Street 13 00:00:43,240 --> 00:00:47,120 Speaker 1: Journal reporting that the Trump administration is looking to limit 14 00:00:47,680 --> 00:00:50,960 Speaker 1: chip imports. Now, the way that they're reporting that Trump 15 00:00:51,000 --> 00:00:52,600 Speaker 1: is looking at this is kind of a one for 16 00:00:52,760 --> 00:00:56,960 Speaker 1: one system. For every domestically produced chip that you sell 17 00:00:56,960 --> 00:00:59,440 Speaker 1: in the US, you can import one chip from abroad. 18 00:00:59,440 --> 00:01:03,200 Speaker 1: So this is really shown to be benefiting glow foundries 19 00:01:03,520 --> 00:01:04,600 Speaker 1: in the US at the moment. 20 00:01:04,680 --> 00:01:05,280 Speaker 4: So that's Intel. 21 00:01:05,319 --> 00:01:07,920 Speaker 1: They do founderies, big foundaries in the US and also 22 00:01:07,959 --> 00:01:11,560 Speaker 1: global foundaries. That stock is up ten percent now. On 23 00:01:11,640 --> 00:01:14,320 Speaker 1: another note to separate Wall Street Journal report that Intel 24 00:01:14,440 --> 00:01:17,880 Speaker 1: has contacted TSMC about a potential partnership. 25 00:01:17,880 --> 00:01:19,240 Speaker 4: Now, this comes a day after. 26 00:01:19,400 --> 00:01:23,360 Speaker 1: Bloomberg reported that Intel is also seeking an investment from Apple. 27 00:01:23,440 --> 00:01:26,200 Speaker 1: So it does seem like Intel is talking to a 28 00:01:26,200 --> 00:01:29,200 Speaker 1: lot of these high power players about potentially having a 29 00:01:29,200 --> 00:01:31,520 Speaker 1: partnership or a tie up or an investment, and that 30 00:01:31,640 --> 00:01:34,240 Speaker 1: is spooking a further positivity in the stock this morning. 31 00:01:34,720 --> 00:01:38,360 Speaker 3: Along with the positivity for Intel, the big market news 32 00:01:38,400 --> 00:01:41,679 Speaker 3: this morning is the big round of tariffs that President 33 00:01:41,680 --> 00:01:46,600 Speaker 3: Trump announced and it's impacting multiple sectors this morning. 34 00:01:46,840 --> 00:01:49,080 Speaker 4: Yeah, let's start with the pharma sector. 35 00:01:49,120 --> 00:01:53,240 Speaker 1: He announced one hundred percent tariffs on imports of patented drugs, 36 00:01:53,280 --> 00:01:55,720 Speaker 1: with the big caveat being that there will be exemptions 37 00:01:55,760 --> 00:01:59,520 Speaker 1: if construction has started on a US manufacturing base. There 38 00:01:59,560 --> 00:02:02,640 Speaker 1: are a lot of things that are unclear about the details, Nathan, 39 00:02:02,680 --> 00:02:05,080 Speaker 1: but the market is clearly taking this as a positive 40 00:02:05,120 --> 00:02:08,440 Speaker 1: for Eli Lilly up almost two percent, and a negative 41 00:02:08,480 --> 00:02:11,920 Speaker 1: from nov Nordisk over in Copenhagen, those shares are down 42 00:02:12,040 --> 00:02:15,640 Speaker 1: one point four percent. Now, both of these pharma companies 43 00:02:15,919 --> 00:02:19,519 Speaker 1: are involved in the highly lucrative obesity weight loss drugs. 44 00:02:19,560 --> 00:02:21,959 Speaker 4: Both these companies actually do manufacture those. 45 00:02:21,800 --> 00:02:24,440 Speaker 1: Weight loss drugs abroad, but Eli Lilly has more of 46 00:02:24,480 --> 00:02:27,840 Speaker 1: a manufacturing base in US and is seen maybe to 47 00:02:27,880 --> 00:02:31,240 Speaker 1: get a leg up on the recent round of tariffs. 48 00:02:31,440 --> 00:02:35,600 Speaker 3: Of course, we've also got tariffs announced on furniture as 49 00:02:35,639 --> 00:02:39,839 Speaker 3: well as heavy trucks. How's that impacting in the micro look? 50 00:02:39,880 --> 00:02:41,440 Speaker 4: So let's look at a pulstered furniture. 51 00:02:41,440 --> 00:02:44,679 Speaker 1: He announced a thirty percent tariff on imports of upholstered 52 00:02:44,720 --> 00:02:48,680 Speaker 1: furniture starting next Wednesday, and we're seeing Wayfair fall around 53 00:02:48,680 --> 00:02:51,120 Speaker 1: three and a half percent. Now, Wayfair has a model 54 00:02:51,520 --> 00:02:54,919 Speaker 1: that is heavily dependent on imports, but we're also seeing 55 00:02:54,960 --> 00:02:59,800 Speaker 1: the likes of restoration hardware down over four percent. Even Williamson, 56 00:03:00,639 --> 00:03:03,760 Speaker 1: who owns pottery Barn Nathan, those shares are down two 57 00:03:03,840 --> 00:03:05,800 Speaker 1: point six. There do seem to be a lot of 58 00:03:05,840 --> 00:03:10,040 Speaker 1: losers after this announcement on the tariff for impulstered furniture. 59 00:03:10,240 --> 00:03:13,239 Speaker 1: But moving on to heavy trucks, we're seeing the likes 60 00:03:13,240 --> 00:03:17,080 Speaker 1: of Pacar, this is a domestic manufacturer of heavy trucks, 61 00:03:17,440 --> 00:03:20,400 Speaker 1: up nearly six percent in pre market. This comes after 62 00:03:20,680 --> 00:03:23,280 Speaker 1: Trump announced a twenty five percent tariff on the sector. 63 00:03:23,360 --> 00:03:27,440 Speaker 1: Now compare that to what's going on here. Over in Germany, 64 00:03:27,480 --> 00:03:30,600 Speaker 1: we saw the likes of Daimler trucks fall around three percent, 65 00:03:30,680 --> 00:03:33,040 Speaker 1: so a lot of winners and losers based on this 66 00:03:33,120 --> 00:03:34,640 Speaker 1: announcement from the White House. 67 00:03:36,000 --> 00:03:40,000 Speaker 2: This stock Movers report from Bloomberg Radio. Check back with 68 00:03:40,080 --> 00:03:42,680 Speaker 2: us throughout the day for the latest roundup of companies 69 00:03:42,760 --> 00:03:45,840 Speaker 2: making news on Wall Street and for the latest market 70 00:03:45,880 --> 00:03:50,360 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 71 00:03:50,440 --> 00:03:53,920 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 72 00:03:54,000 --> 00:03:55,480 Speaker 2: the Bloomberg Business app.