1 00:00:02,520 --> 00:00:10,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers podcast, 2 00:00:10,800 --> 00:00:14,040 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:14,240 --> 00:00:17,160 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:18,000 --> 00:00:20,680 Speaker 2: Let's get to it. Stock's on the move today. I'm 5 00:00:20,720 --> 00:00:24,400 Speaker 2: Tom Kane and Paul Sweeney and bloombergs Lisa Manteo, Lisa, 6 00:00:24,440 --> 00:00:24,799 Speaker 2: what do you have? 7 00:00:24,960 --> 00:00:26,799 Speaker 3: All right? We're starting with chip stocks because they've been 8 00:00:26,840 --> 00:00:28,720 Speaker 3: seeing a little bit of a lift this morning. In 9 00:00:28,800 --> 00:00:31,040 Speaker 3: Nvidia you had up more than one percent, Broadcom as 10 00:00:31,120 --> 00:00:33,640 Speaker 3: much as two percent, Qualcom up about half a percent. 11 00:00:34,040 --> 00:00:36,800 Speaker 3: The reason why while the Trump administration they plan to 12 00:00:36,840 --> 00:00:40,760 Speaker 3: revoke some Biden error restrictions on AI semiconductor sales overseas. 13 00:00:41,280 --> 00:00:44,920 Speaker 3: And this is specifically that AI diffusion rule which created 14 00:00:44,920 --> 00:00:48,680 Speaker 3: these three broad tiers of countries for regulating chip exports. 15 00:00:48,920 --> 00:00:50,919 Speaker 3: So what exactly this is going to do. It's going 16 00:00:50,960 --> 00:00:54,240 Speaker 3: to provide new opportunities for other countries to negotiate their 17 00:00:54,240 --> 00:00:57,080 Speaker 3: own chip access. So it's good for places like Nvidia 18 00:00:57,200 --> 00:01:01,279 Speaker 3: and Oracle and countries like the UA, also Saudi Arabia 19 00:01:01,720 --> 00:01:03,560 Speaker 3: because they can do as you get some better terms. 20 00:01:04,400 --> 00:01:08,600 Speaker 2: Yeah, doesn't just mean lower tariffs for chips. I mean 21 00:01:08,600 --> 00:01:11,720 Speaker 2: it's a basic idea. We're job owning lower. 22 00:01:11,560 --> 00:01:14,920 Speaker 4: Chair, I think, so I try start to start breaking, 23 00:01:14,959 --> 00:01:16,319 Speaker 4: you walk it back. That's kind of what we saw 24 00:01:16,440 --> 00:01:18,560 Speaker 4: last time around with this administrative. 25 00:01:18,000 --> 00:01:20,160 Speaker 2: So it's like a real estate deal in Manhattan. Exactly, 26 00:01:20,160 --> 00:01:21,400 Speaker 2: he's doing a deal in Des Moines. 27 00:01:21,440 --> 00:01:21,800 Speaker 1: Exactly. 28 00:01:22,319 --> 00:01:24,119 Speaker 4: That's that's workings. 29 00:01:24,840 --> 00:01:26,160 Speaker 2: But they're up like one or two. 30 00:01:26,040 --> 00:01:28,759 Speaker 3: Percent today, correct, Yes, Nvidio. But then you have other 31 00:01:28,760 --> 00:01:32,479 Speaker 3: companies like for example, arm their shares are lower their 32 00:01:32,520 --> 00:01:36,440 Speaker 3: semiconductor software design company. So they posted higher sales in 33 00:01:36,480 --> 00:01:38,480 Speaker 3: the first quarter. That was thanks to the success of 34 00:01:38,520 --> 00:01:41,960 Speaker 3: its chips, but its outlook is what disappointed, and that's 35 00:01:42,000 --> 00:01:44,319 Speaker 3: what god investors worried. They say, you know, they're in 36 00:01:44,319 --> 00:01:47,280 Speaker 3: the process of closing these licensing deals. They want to 37 00:01:47,280 --> 00:01:49,200 Speaker 3: make sure they're signed before it adds the revenue to 38 00:01:49,200 --> 00:01:49,720 Speaker 3: their outlook. 39 00:01:49,800 --> 00:01:53,160 Speaker 2: Read Chip Wars. I Chi, I can't say enough about it. 40 00:01:53,680 --> 00:01:56,160 Speaker 2: A great faculty up, a toughs Read Chip War. It 41 00:01:56,200 --> 00:01:58,520 Speaker 2: was my book of the year last year. Just read 42 00:01:58,520 --> 00:02:02,080 Speaker 2: the damn book because it's the Lisa just said, and 43 00:02:02,080 --> 00:02:05,760 Speaker 2: it gives you some knowledge, which I better better than me, 44 00:02:05,880 --> 00:02:07,000 Speaker 2: better than somebody of them. 45 00:02:07,520 --> 00:02:11,799 Speaker 3: Paul next, Paul I'm sorry Peloton shares down, Like. 46 00:02:13,960 --> 00:02:14,440 Speaker 2: I know. 47 00:02:16,680 --> 00:02:19,760 Speaker 4: We've got the bike, we've got the treadmill. We're all in. 48 00:02:23,760 --> 00:02:27,000 Speaker 4: My girlfriend uses in like multiple times per day. She's 49 00:02:27,440 --> 00:02:30,840 Speaker 4: she's like a Lisa Matteo, crazy and yourself physical. I 50 00:02:30,960 --> 00:02:34,880 Speaker 4: watch her do it, she looks on it, she looks greater. 51 00:02:35,280 --> 00:02:37,000 Speaker 1: I love them sweating away. 52 00:02:37,200 --> 00:02:40,560 Speaker 3: But it's been struggling, right, you know that they've been 53 00:02:40,560 --> 00:02:43,720 Speaker 3: trying to get back on track. Revenue declining, sales for 54 00:02:43,800 --> 00:02:46,600 Speaker 3: the hardware, their bikes and treadmills sliding seven percent. 55 00:02:46,680 --> 00:02:49,639 Speaker 4: Should just buy them and you cut and shisseled. 56 00:02:50,280 --> 00:02:52,760 Speaker 2: Is it because they flooded the market and there's no 57 00:02:52,760 --> 00:02:55,480 Speaker 2: one else more to buy Peloton? Or is it the 58 00:02:55,520 --> 00:02:56,919 Speaker 2: bikes are too expensive? 59 00:02:57,360 --> 00:03:00,519 Speaker 3: There's other bikes out there too that are less expensive. 60 00:03:00,639 --> 00:03:02,920 Speaker 4: The value in the company, which is hard to monetize, 61 00:03:02,960 --> 00:03:04,959 Speaker 4: is the community. There's a couple of I don't know 62 00:03:04,960 --> 00:03:08,480 Speaker 4: how many millions of users out there, but they are passionate, 63 00:03:09,000 --> 00:03:12,120 Speaker 4: passionate people following. You got configure out a way to 64 00:03:12,120 --> 00:03:14,520 Speaker 4: monetize that, and they haven't figured out a way they. 65 00:03:14,440 --> 00:03:17,600 Speaker 2: Can give us another stock squeeze one name, All right, 66 00:03:17,639 --> 00:03:19,480 Speaker 2: this is this is okay? 67 00:03:19,480 --> 00:03:27,240 Speaker 3: Anheuser Busch in bev it is do you have do 68 00:03:27,280 --> 00:03:31,000 Speaker 3: you enjoy michel Old Ultra or Stella Artois now otherwise 69 00:03:31,440 --> 00:03:34,000 Speaker 3: in cans in can that's how you're rolling. Okay. 70 00:03:34,280 --> 00:03:34,520 Speaker 2: Uh. 71 00:03:34,600 --> 00:03:37,040 Speaker 3: They did have an offset and a fallen beer volumes. 72 00:03:37,080 --> 00:03:39,320 Speaker 3: They offset that with higher profits. They cut costs, They 73 00:03:39,400 --> 00:03:42,120 Speaker 3: drove consumers to drink more of the premium beer. They're 74 00:03:42,200 --> 00:03:44,480 Speaker 3: they're trying to get you to go to the premium beer. Okay, 75 00:03:44,520 --> 00:03:47,480 Speaker 3: you like the sella okay, good, good, But they said, 76 00:03:47,080 --> 00:03:49,040 Speaker 3: he said, here's what I don't understand you as sales 77 00:03:49,080 --> 00:03:53,120 Speaker 3: suffered from adverse weather and a late easter, so late easter, 78 00:03:55,400 --> 00:03:57,560 Speaker 3: so I don't know, but you have Corona right that 79 00:03:57,640 --> 00:04:00,760 Speaker 3: that's what they sell. Also outside the US that actually 80 00:04:00,880 --> 00:04:04,680 Speaker 3: led performance grew eleven point two percent outside of Mexico really, 81 00:04:04,720 --> 00:04:06,800 Speaker 3: so that was pretty interesting. But then you have like 82 00:04:06,880 --> 00:04:09,440 Speaker 3: Molson Coors, which didn't do so well and their shares 83 00:04:09,440 --> 00:04:11,960 Speaker 3: were off about five percent, so they had wik us 84 00:04:12,160 --> 00:04:12,800 Speaker 3: Beer Demand. 85 00:04:14,000 --> 00:04:18,120 Speaker 1: The Stock Movers podcast from Bloomberg Radio. Check back with 86 00:04:18,200 --> 00:04:20,960 Speaker 1: us throughout the day for the latest roundup of companies 87 00:04:21,000 --> 00:04:24,040 Speaker 1: making news on Wall Street and for the latest market 88 00:04:24,080 --> 00:04:28,480 Speaker 1: moving headlines. Listen to Bloomberg Radio Live. Catch us on YouTube, 89 00:04:28,520 --> 00:04:31,760 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 90 00:04:31,800 --> 00:04:33,279 Speaker 1: the Bloomberg Business app.