WEBVTT - Intel Rallies; Eli Lilly Jumps; Paccar Soars

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 3>Let's take a look at some stocks on the move today.

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<v Speaker 3>I'm Nathan Hager, joined by Bloomberg's Valerie Titel on another

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<v Speaker 3>morning where stocks as a whole are kind of treading water,

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<v Speaker 3>and another morning where Intel is catching a bid the

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<v Speaker 3>most actively traded stock. Once again, this morning, the positive

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<v Speaker 3>headlines keep coming. Valory, Good morning, Gay, Good morning, Nathan.

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<v Speaker 1>There's actually two positive reports on Intel this morning. The

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<v Speaker 1>shares are up four percent in pre market. The first

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<v Speaker 1>report has to do with something broad the Wall Street

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<v Speaker 1>Journal reporting that the Trump administration is looking to limit

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<v Speaker 1>chip imports. Now, the way that they're reporting that Trump

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<v Speaker 1>is looking at this is kind of a one for

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<v Speaker 1>one system. For every domestically produced chip that you sell

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<v Speaker 1>in the US, you can import one chip from abroad.

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<v Speaker 1>So this is really shown to be benefiting glow foundries

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<v Speaker 1>in the US at the moment.

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<v Speaker 4>So that's Intel.

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<v Speaker 1>They do founderies, big foundaries in the US and also

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<v Speaker 1>global foundaries. That stock is up ten percent now. On

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<v Speaker 1>another note to separate Wall Street Journal report that Intel

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<v Speaker 1>has contacted TSMC about a potential partnership.

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<v Speaker 4>Now, this comes a day after.

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<v Speaker 1>Bloomberg reported that Intel is also seeking an investment from Apple.

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<v Speaker 1>So it does seem like Intel is talking to a

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<v Speaker 1>lot of these high power players about potentially having a

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<v Speaker 1>partnership or a tie up or an investment, and that

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<v Speaker 1>is spooking a further positivity in the stock this morning.

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<v Speaker 3>Along with the positivity for Intel, the big market news

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<v Speaker 3>this morning is the big round of tariffs that President

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<v Speaker 3>Trump announced and it's impacting multiple sectors this morning.

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<v Speaker 4>Yeah, let's start with the pharma sector.

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<v Speaker 1>He announced one hundred percent tariffs on imports of patented drugs,

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<v Speaker 1>with the big caveat being that there will be exemptions

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<v Speaker 1>if construction has started on a US manufacturing base. There

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<v Speaker 1>are a lot of things that are unclear about the details, Nathan,

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<v Speaker 1>but the market is clearly taking this as a positive

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<v Speaker 1>for Eli Lilly up almost two percent, and a negative

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<v Speaker 1>from nov Nordisk over in Copenhagen, those shares are down

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<v Speaker 1>one point four percent. Now, both of these pharma companies

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<v Speaker 1>are involved in the highly lucrative obesity weight loss drugs.

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<v Speaker 4>Both these companies actually do manufacture those.

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<v Speaker 1>Weight loss drugs abroad, but Eli Lilly has more of

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<v Speaker 1>a manufacturing base in US and is seen maybe to

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<v Speaker 1>get a leg up on the recent round of tariffs.

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<v Speaker 3>Of course, we've also got tariffs announced on furniture as

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<v Speaker 3>well as heavy trucks. How's that impacting in the micro look?

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<v Speaker 4>So let's look at a pulstered furniture.

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<v Speaker 1>He announced a thirty percent tariff on imports of upholstered

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<v Speaker 1>furniture starting next Wednesday, and we're seeing Wayfair fall around

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<v Speaker 1>three and a half percent. Now, Wayfair has a model

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<v Speaker 1>that is heavily dependent on imports, but we're also seeing

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<v Speaker 1>the likes of restoration hardware down over four percent. Even Williamson,

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<v Speaker 1>who owns pottery Barn Nathan, those shares are down two

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<v Speaker 1>point six. There do seem to be a lot of

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<v Speaker 1>losers after this announcement on the tariff for impulstered furniture.

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<v Speaker 1>But moving on to heavy trucks, we're seeing the likes

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<v Speaker 1>of Pacar, this is a domestic manufacturer of heavy trucks,

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<v Speaker 1>up nearly six percent in pre market. This comes after

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<v Speaker 1>Trump announced a twenty five percent tariff on the sector.

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<v Speaker 1>Now compare that to what's going on here. Over in Germany,

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<v Speaker 1>we saw the likes of Daimler trucks fall around three percent,

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<v Speaker 1>so a lot of winners and losers based on this

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<v Speaker 1>announcement from the White House.

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<v Speaker 2>This stock Movers report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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