1 00:00:02,520 --> 00:00:08,800 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 --> 00:00:16,480 Speaker 2: the stock market, harnessing the power of Bloomberg Data. 4 00:00:17,880 --> 00:00:19,800 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:19,840 --> 00:00:22,959 Speaker 1: I'm Jim Stanoveek with Normallenda. We're joined by Bloomberg News 6 00:00:23,280 --> 00:00:25,680 Speaker 1: cross asset reporter Tanitza Soikova. 7 00:00:26,480 --> 00:00:29,160 Speaker 3: Let's start with the robotaxi competition. I know we've been 8 00:00:29,160 --> 00:00:31,720 Speaker 3: talking about it all day, but like, if you look 9 00:00:31,720 --> 00:00:36,280 Speaker 3: at Lucid, it closed thirty six percent higher, really readly 10 00:00:36,320 --> 00:00:40,680 Speaker 3: incredible rally. It was as much as sixty two percent. 11 00:00:41,000 --> 00:00:41,320 Speaker 4: Wow. 12 00:00:41,360 --> 00:00:45,120 Speaker 3: The ticker is LCID. Of course it's coming off the 13 00:00:45,159 --> 00:00:47,640 Speaker 3: deal we've talked so much about. Uber is seaming up 14 00:00:47,680 --> 00:00:53,280 Speaker 3: with the electric vehicle Lucid instelf driving startup neuro we Actually, 15 00:00:53,320 --> 00:00:54,840 Speaker 3: I don't know if you saw it on X but 16 00:00:54,880 --> 00:00:57,840 Speaker 3: there are photos of Weymo in New York. So things 17 00:00:57,880 --> 00:01:00,400 Speaker 3: are moving, yeah, very fast. I think they're still with 18 00:01:00,400 --> 00:01:03,440 Speaker 3: a driver, they are. Things are moving very fast in 19 00:01:05,000 --> 00:01:08,240 Speaker 3: the sale driving cars and robo taxi markets. We've seen 20 00:01:08,280 --> 00:01:11,679 Speaker 3: a lot of partnerships from from Oberg. This particular one 21 00:01:11,720 --> 00:01:14,040 Speaker 3: they're aiming to the point at least twenty thousand robo 22 00:01:14,120 --> 00:01:16,840 Speaker 3: taxis over six years, and it's starting pretty fast. I 23 00:01:16,840 --> 00:01:19,280 Speaker 3: was kind of surprised at starting in twenty twenty six. 24 00:01:19,520 --> 00:01:23,040 Speaker 3: But it just tells you how intense competition is there. 25 00:01:23,440 --> 00:01:26,520 Speaker 3: Test where is obviously rowing out its long promise service 26 00:01:26,520 --> 00:01:30,240 Speaker 3: in Austin and yeah, really big boost to lose it. 27 00:01:30,520 --> 00:01:32,559 Speaker 3: But here today the game is not that big. Stock 28 00:01:32,640 --> 00:01:35,600 Speaker 3: is of only two percent if we keep going that way. 29 00:01:36,120 --> 00:01:38,480 Speaker 1: Now, well, do you want to remind everybody that Lucid 30 00:01:38,560 --> 00:01:41,560 Speaker 1: Group had a market cap of ninety one billion dollars 31 00:01:41,560 --> 00:01:43,560 Speaker 1: back in twenty twenty one. It's now got a market 32 00:01:43,560 --> 00:01:45,920 Speaker 1: cap of about nine and a half billion dollars, even 33 00:01:45,959 --> 00:01:49,240 Speaker 1: after today's increase, So it's lost about what ninety percent 34 00:01:49,240 --> 00:01:52,680 Speaker 1: of its value? Yeah, in just a few years. This 35 00:01:52,800 --> 00:01:54,720 Speaker 1: was people used to talk about this company as like, oh, 36 00:01:54,720 --> 00:01:57,880 Speaker 1: it's a competitor Tesla exactly. I'll ask you guys each 37 00:01:57,920 --> 00:02:00,000 Speaker 1: the question, have you ever seen a Loocid on the street? 38 00:02:00,920 --> 00:02:03,000 Speaker 3: I actually have. That's a great question. 39 00:02:03,280 --> 00:02:05,800 Speaker 1: I saw evidence. I saw one a couple of weeks ago. 40 00:02:06,640 --> 00:02:09,079 Speaker 1: Granted to be fair, like I look for this stuff. Yeah, 41 00:02:09,080 --> 00:02:10,920 Speaker 1: I kind of a nerd like that I guess, but 42 00:02:11,520 --> 00:02:13,400 Speaker 1: uh I saw when it was Actually I saw a 43 00:02:14,160 --> 00:02:18,720 Speaker 1: Fisker as well, which is another EV company that is 44 00:02:18,760 --> 00:02:21,720 Speaker 1: not huge but some people thought would be huge. I 45 00:02:21,760 --> 00:02:23,280 Speaker 1: saw it as a cab, but there used to be 46 00:02:23,320 --> 00:02:26,440 Speaker 1: Elucid that that parked in my neighborhood that i'd walk back. 47 00:02:26,639 --> 00:02:27,280 Speaker 2: It's pretty cool. 48 00:02:27,320 --> 00:02:27,960 Speaker 1: They're cool looking. 49 00:02:28,080 --> 00:02:31,040 Speaker 3: But I'm really bad with car brands like I can 50 00:02:31,160 --> 00:02:33,360 Speaker 3: I probably know too, so I'm probably the worst person. 51 00:02:34,080 --> 00:02:36,000 Speaker 4: Would you get in a car without a driver. 52 00:02:36,240 --> 00:02:40,360 Speaker 3: I can only even drive properly, honestly, but bullish For me, 53 00:02:40,440 --> 00:02:44,440 Speaker 3: it's bullish. Yeah, I need no driver. So you're looking 54 00:02:44,480 --> 00:02:47,480 Speaker 3: at it. Well, let's let's move to shoes, something totally different. 55 00:02:47,560 --> 00:02:49,640 Speaker 3: But Steve Madden had a great day to day. The 56 00:02:49,720 --> 00:02:53,079 Speaker 3: teaker is great. It's shoes, so it's s h oo. 57 00:02:53,639 --> 00:02:57,240 Speaker 3: It's coming off an upgrade by city. It's currently back 58 00:02:57,440 --> 00:03:00,440 Speaker 3: before that neutral. It's actually a pretty good price. They 59 00:03:00,440 --> 00:03:03,880 Speaker 3: put thirty two doors, which implies a thirty percent increase, 60 00:03:04,240 --> 00:03:07,560 Speaker 3: so very optimistic target there. Stock is down forty percent 61 00:03:07,600 --> 00:03:10,519 Speaker 3: here today, so much needed relief we're seeing today, and 62 00:03:10,600 --> 00:03:14,000 Speaker 3: obvious it's not enough to boost the stock. It has 63 00:03:14,080 --> 00:03:17,000 Speaker 3: four by six holds rating. So what City is seeing 64 00:03:17,160 --> 00:03:20,440 Speaker 3: is that the current point is pretty much the law, 65 00:03:20,520 --> 00:03:24,840 Speaker 3: and from here the company can navigate significant tariff pressure. 66 00:03:24,880 --> 00:03:26,880 Speaker 3: We know a lot of retailers have seen that, and 67 00:03:26,960 --> 00:03:30,840 Speaker 3: clearly for Steve Madden that's a big thing. They said 68 00:03:31,000 --> 00:03:36,440 Speaker 3: that they recently had an acquisition of KG and City 69 00:03:36,480 --> 00:03:39,640 Speaker 3: says that this is underappreciated. So there's some they're seeing 70 00:03:39,840 --> 00:03:43,280 Speaker 3: favorable risk reward there so strongly for the stock. But 71 00:03:43,400 --> 00:03:45,600 Speaker 3: here today a hard ear. 72 00:03:45,760 --> 00:03:49,040 Speaker 4: I'm looking at a new Williams Trading analyst Sam Poser 73 00:03:49,120 --> 00:03:51,320 Speaker 4: said that Steve Maddon was sort of stock over the 74 00:03:51,360 --> 00:03:54,080 Speaker 4: past couple of years. It was pretty difficult to successfully 75 00:03:54,120 --> 00:03:57,720 Speaker 4: interpret a luxuries brand, a luxury brands interpretation of a 76 00:03:57,760 --> 00:04:01,200 Speaker 4: moderately priced brand, and I do Steve bad in that way. 77 00:04:01,280 --> 00:04:03,480 Speaker 4: It's you're kind of getting into the luxury if you 78 00:04:03,520 --> 00:04:06,960 Speaker 4: think about it. But definitely the lower end here for sure. 79 00:04:06,880 --> 00:04:09,680 Speaker 3: Which should work. That's that's what people are looking. 80 00:04:09,400 --> 00:04:12,680 Speaker 1: For, all right, All right, we got cars, we got. 81 00:04:12,520 --> 00:04:18,760 Speaker 3: Shoes, of course, that's a full circle. United Airline Holdings, 82 00:04:18,800 --> 00:04:21,800 Speaker 3: the ticker, of course is U a l closed three 83 00:04:21,800 --> 00:04:26,240 Speaker 3: percent higher. We obviously saw the first start to report 84 00:04:26,320 --> 00:04:28,800 Speaker 3: and now United is saying that the second half of 85 00:04:28,800 --> 00:04:32,000 Speaker 3: the year has become more predictable and suggested it may 86 00:04:32,040 --> 00:04:36,080 Speaker 3: be able to beat its earning targets. Customers are resuming 87 00:04:36,120 --> 00:04:39,400 Speaker 3: booking flights. Obviously, twenty twenty five, the start of twenty 88 00:04:39,480 --> 00:04:43,320 Speaker 3: twenty five wasn't great for airlines and more broadly, travel stocks. 89 00:04:43,400 --> 00:04:48,320 Speaker 3: The aviation industry has seen consumers fred about the fall 90 00:04:48,360 --> 00:04:51,600 Speaker 3: out of tariffs. We saw like for for a second, 91 00:04:51,720 --> 00:04:54,440 Speaker 3: like travel into the US was folding. Obviously, a lot 92 00:04:54,440 --> 00:04:59,200 Speaker 3: of those things are returning back to normal. We saw 93 00:04:59,240 --> 00:05:02,840 Speaker 3: what happened with New Airport and many airports in New York. 94 00:05:02,839 --> 00:05:05,080 Speaker 3: There were so many stores and there are so many disruptions. 95 00:05:05,360 --> 00:05:08,760 Speaker 3: But of course Delta brought a lot of optimism, saying 96 00:05:08,839 --> 00:05:11,880 Speaker 3: that it's recovering after the approval of the tax cut 97 00:05:11,960 --> 00:05:16,400 Speaker 3: and spending package, and they're seeing a good recovery among 98 00:05:17,320 --> 00:05:23,760 Speaker 3: budget mining customers, and the company is expected travelers from 99 00:05:23,839 --> 00:05:27,359 Speaker 3: Europe and international students. Oh, that's one space that's actually 100 00:05:27,400 --> 00:05:31,760 Speaker 3: slowed down in United's actually down six percent here today, 101 00:05:31,920 --> 00:05:34,160 Speaker 3: So much needed relieve today. 102 00:05:35,080 --> 00:05:39,200 Speaker 2: The Stock Movers podcast from Bloomberg Radio check back with 103 00:05:39,279 --> 00:05:42,040 Speaker 2: us throughout the day for the latest roundup of companies 104 00:05:42,080 --> 00:05:45,120 Speaker 2: making news on Wall Street, and for the latest market 105 00:05:45,160 --> 00:05:49,520 Speaker 2: moving headlines, listen to Bloomberg Radio Live. Catch us on YouTube, 106 00:05:49,560 --> 00:05:52,800 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 107 00:05:52,880 --> 00:05:54,359 Speaker 2: the Bloomberg Business App.