1 00:00:02,520 --> 00:00:08,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,880 --> 00:00:13,160 Speaker 2: Stock Movers podcast, your roundup of companies making moves in 3 00:00:13,200 --> 00:00:17,440 Speaker 2: the stock market, harnessing the power of Bloomberg data. Well, 4 00:00:17,480 --> 00:00:19,280 Speaker 2: let's take a look at some of the stocks on 5 00:00:19,320 --> 00:00:21,560 Speaker 2: the move today. I'm Paul Sweeney with Isabel Lee and 6 00:00:21,560 --> 00:00:23,000 Speaker 2: we're joined by Bloomberg. 7 00:00:23,160 --> 00:00:25,400 Speaker 1: Christine. You know, Christine, what are you looking at? Well, 8 00:00:25,520 --> 00:00:28,000 Speaker 1: let's take a look at Tesla, Paul, because that doesn't 9 00:00:28,000 --> 00:00:30,880 Speaker 1: mean pretty well today though, pairing some of those earlier 10 00:00:30,920 --> 00:00:35,960 Speaker 1: opening gains to her, Tsla just up now over one percent, 11 00:00:36,000 --> 00:00:37,920 Speaker 1: one point six percent at the moment. That was up 12 00:00:38,000 --> 00:00:42,559 Speaker 1: earlier two percent. But basically this is Elon Musk showing 13 00:00:42,680 --> 00:00:45,480 Speaker 1: some signs of regret. He was posting on x saying 14 00:00:45,479 --> 00:00:48,080 Speaker 1: that some of his posts about President Donald Trump last 15 00:00:48,080 --> 00:00:52,319 Speaker 1: week were regrettable. Remember they traded Barbes right over the 16 00:00:52,360 --> 00:00:55,520 Speaker 1: Republicans tax bill. Elon Musk criticized that, and of course 17 00:00:55,560 --> 00:00:58,360 Speaker 1: President Trump was not happy about that, and so den 18 00:00:58,440 --> 00:01:01,200 Speaker 1: I have from Wedbush weighing in calling it an important 19 00:01:01,240 --> 00:01:04,120 Speaker 1: step and given that the timing of the argument was 20 00:01:04,200 --> 00:01:07,440 Speaker 1: not ideal because Tesla is about to launch its ROBOTAXI 21 00:01:07,480 --> 00:01:09,479 Speaker 1: in Austin, so see a bit of recovery and those 22 00:01:09,480 --> 00:01:13,160 Speaker 1: shares there today. What about Lockheed Martin shares are sliding? 23 00:01:13,160 --> 00:01:13,600 Speaker 2: Why is that? 24 00:01:13,800 --> 00:01:18,600 Speaker 1: Yeah, exactly Isabelle. We're seeing those losses extending. Actually now 25 00:01:18,959 --> 00:01:21,840 Speaker 1: down more than five percent. So that's Lockey Martin took 26 00:01:21,840 --> 00:01:24,360 Speaker 1: her LMT and that is because the Air Force cut 27 00:01:24,440 --> 00:01:28,240 Speaker 1: its request for signature F thirty fives in half. It's 28 00:01:28,280 --> 00:01:30,560 Speaker 1: now down to a request four to twenty four planes 29 00:01:30,600 --> 00:01:33,200 Speaker 1: from a forecast of forty eight last year. And remember 30 00:01:33,400 --> 00:01:36,760 Speaker 1: Lockheed is the top US defence contractor and the Air 31 00:01:36,760 --> 00:01:39,800 Speaker 1: Force is their largest customer. So this of course probably 32 00:01:39,840 --> 00:01:43,679 Speaker 1: reflects the efforts to comply with Defense Secretary Pete Hegsas's 33 00:01:43,720 --> 00:01:47,720 Speaker 1: plan to reduce projected military spending by over eight percent 34 00:01:47,800 --> 00:01:50,120 Speaker 1: in the next five years. All right, what else you're 35 00:01:50,120 --> 00:01:53,320 Speaker 1: looking at? Looking at First Solar today, those shares having 36 00:01:53,320 --> 00:01:55,400 Speaker 1: a good time. That's up now more than three percent. 37 00:01:55,440 --> 00:01:58,720 Speaker 1: So First Solar took her FSLR, and that is because 38 00:01:58,760 --> 00:02:02,000 Speaker 1: Jeffries raised his record mandation for the stock is now 39 00:02:02,040 --> 00:02:05,800 Speaker 1: a buy from Holt previously, and analysts are pointing speculation 40 00:02:05,920 --> 00:02:09,239 Speaker 1: at Congress may support parts of the Inflation Reduction app 41 00:02:09,280 --> 00:02:12,440 Speaker 1: which the company benefits from as a solartech company, and 42 00:02:12,440 --> 00:02:15,560 Speaker 1: Bloomberg Intelligence analysts also saying that the Senate will probably 43 00:02:15,680 --> 00:02:19,520 Speaker 1: moderate some of the Houses provisions for the Inflation Reduction 44 00:02:19,639 --> 00:02:21,680 Speaker 1: Act part of the bill, and they see an eighty 45 00:02:21,680 --> 00:02:24,960 Speaker 1: percent chance that a deal gets sun before the August prisis. 46 00:02:25,639 --> 00:02:29,760 Speaker 2: The Stock Movers podcast from Bloomberg Radio. 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