Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Let's take a look at some stocks on the move today.
Speaker 3: I'm Nathan Hager, joined by Bloomberg's Valerie Titel on another
Speaker 3: morning where stocks as a whole are kind of treading water,
Speaker 3: and another morning where Intel is catching a bid the
Speaker 3: most actively traded stock. Once again, this morning, the positive
Speaker 3: headlines keep coming. Valory, Good morning, Gay, Good morning, Nathan.
Speaker 1: There's actually two positive reports on Intel this morning. The
Speaker 1: shares are up four percent in pre market. The first
Speaker 1: report has to do with something broad the Wall Street
Speaker 1: Journal reporting that the Trump administration is looking to limit
Speaker 1: chip imports. Now, the way that they're reporting that Trump
Speaker 1: is looking at this is kind of a one for
Speaker 1: one system. For every domestically produced chip that you sell
Speaker 1: in the US, you can import one chip from abroad.
Speaker 1: So this is really shown to be benefiting glow foundries
Speaker 1: in the US at the moment.
Speaker 4: So that's Intel.
Speaker 1: They do founderies, big foundaries in the US and also
Speaker 1: global foundaries. That stock is up ten percent now. On
Speaker 1: another note to separate Wall Street Journal report that Intel
Speaker 1: has contacted TSMC about a potential partnership.
Speaker 4: Now, this comes a day after.
Speaker 1: Bloomberg reported that Intel is also seeking an investment from Apple.
Speaker 1: So it does seem like Intel is talking to a
Speaker 1: lot of these high power players about potentially having a
Speaker 1: partnership or a tie up or an investment, and that
Speaker 1: is spooking a further positivity in the stock this morning.
Speaker 3: Along with the positivity for Intel, the big market news
Speaker 3: this morning is the big round of tariffs that President
Speaker 3: Trump announced and it's impacting multiple sectors this morning.
Speaker 4: Yeah, let's start with the pharma sector.
Speaker 1: He announced one hundred percent tariffs on imports of patented drugs,
Speaker 1: with the big caveat being that there will be exemptions
Speaker 1: if construction has started on a US manufacturing base. There
Speaker 1: are a lot of things that are unclear about the details, Nathan,
Speaker 1: but the market is clearly taking this as a positive
Speaker 1: for Eli Lilly up almost two percent, and a negative
Speaker 1: from nov Nordisk over in Copenhagen, those shares are down
Speaker 1: one point four percent. Now, both of these pharma companies
Speaker 1: are involved in the highly lucrative obesity weight loss drugs.
Speaker 4: Both these companies actually do manufacture those.
Speaker 1: Weight loss drugs abroad, but Eli Lilly has more of
Speaker 1: a manufacturing base in US and is seen maybe to
Speaker 1: get a leg up on the recent round of tariffs.
Speaker 3: Of course, we've also got tariffs announced on furniture as
Speaker 3: well as heavy trucks. How's that impacting in the micro look?
Speaker 4: So let's look at a pulstered furniture.
Speaker 1: He announced a thirty percent tariff on imports of upholstered
Speaker 1: furniture starting next Wednesday, and we're seeing Wayfair fall around
Speaker 1: three and a half percent. Now, Wayfair has a model
Speaker 1: that is heavily dependent on imports, but we're also seeing
Speaker 1: the likes of restoration hardware down over four percent. Even Williamson,
Speaker 1: who owns pottery Barn Nathan, those shares are down two
Speaker 1: point six. There do seem to be a lot of
Speaker 1: losers after this announcement on the tariff for impulstered furniture.
Speaker 1: But moving on to heavy trucks, we're seeing the likes
Speaker 1: of Pacar, this is a domestic manufacturer of heavy trucks,
Speaker 1: up nearly six percent in pre market. This comes after
Speaker 1: Trump announced a twenty five percent tariff on the sector.
Speaker 1: Now compare that to what's going on here. Over in Germany,
Speaker 1: we saw the likes of Daimler trucks fall around three percent,
Speaker 1: so a lot of winners and losers based on this
Speaker 1: announcement from the White House.
Speaker 2: This stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
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