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Transcript

The New Stock Movers Podcast: Sample Episode · Masters in Business

• 0:00
  Speaker 1: Hi, I'm Barry Ridolts introducing you to the new Stock
• 0:04
  Speaker 1: Movers podcast from Bloomberg. The show brings you short episodes
• 0:08
  Speaker 1: five minutes or less, covering the stocks making gains and
• 0:12
  Speaker 1: losses in today's trading. Subscribe to Stock Movers on Apple, Spotify,
• 0:17
  Speaker 1: or anywhere you get your podcasts. Here's a sample of
• 0:20
  Speaker 1: the latest episode from our team at Bloomberg.
• 0:25
  Speaker 2: The Stock Movers podcast your roundup of companies making moves
• 0:29
  Speaker 2: in the stock market. Harnessing the power of Bloomberg data.
• 0:34
  Speaker 3: Let's take a look at some stocks on the move today.
• 0:36
  Speaker 3: We are joined by Bloomberg's Valerie Titel and what feels
• 0:40
  Speaker 3: like a buy everything morning, Valerie. But let's focus in
• 0:44
  Speaker 3: on some of the stocks making news this morning, including
• 0:47
  Speaker 3: earnings just in the pre market from AT and T.
• 0:51
  Speaker 3: Do we have to rethink what we're thinking about the
• 0:53
  Speaker 3: cell phone business after these results?
• 0:56
  Speaker 2: Yeah?
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  Speaker 4: Look AT and T did top estimates for mobile phone cuts.
• 1:00
  Speaker 4: It comes a day after the Verizon miss. Seems to
• 1:02
  Speaker 4: be the story here is that AT and T is
• 1:05
  Speaker 4: attracting new customers more than analysts expected. Maybe some evidence
• 1:09
  Speaker 4: that AT and T is luring customers from rivals like
• 1:13
  Speaker 4: Verizon in the highly competitive mobile phone market. It also
• 1:16
  Speaker 4: reiterated its twenty twenty five full year guidance. The next
• 1:20
  Speaker 4: big telecom to report is T Mobile on Thursday. But
• 1:23
  Speaker 4: there are some good news out there for AT and
• 1:25
  Speaker 4: T after the Verizon miss yesterday. AT and T up
• 1:28
  Speaker 4: four and a half percent.
• 1:29
  Speaker 3: All right, we'll giving us a preview what we're going
• 1:31
  Speaker 3: to be talking about tomorrow. But let's talk about what
• 1:33
  Speaker 3: we've been discussing well since late yesterday.
• 1:37
  Speaker 1: Tesla.
• 1:38
  Speaker 3: The earnings came in week, but Elon Musk's words have
• 1:42
  Speaker 3: the stock surging this morning exactly.
• 1:44
  Speaker 4: Tesla shares up nearly six point seven percent. It's leading
• 1:48
  Speaker 4: gains across the mag seven this morning. This all comes
• 1:51
  Speaker 4: after Elon Musk said he will pull back significantly from
• 1:55
  Speaker 4: his work with the US government next month. Musk made
• 1:58
  Speaker 4: that announcement after the company did report force qured to
• 2:00
  Speaker 4: profit and revenue that fell short of expectations. They also
• 2:04
  Speaker 4: backed off an earlier forecast of sales growing this year.
• 2:07
  Speaker 4: So some negative news in those company earnings, but the
• 2:11
  Speaker 4: positive spin is that elong Musk is going to be
• 2:13
  Speaker 4: spending more time working on Tesla rather than at Doze
• 2:17
  Speaker 4: within the government. And the market really likes what it hears,
• 2:20
  Speaker 4: with that six point six percent higher for that Tesla
• 2:23
  Speaker 4: share trading at two hundred and fifty three dollars a share.
• 2:26
  Speaker 3: Now, we generally talk about the market likes what it
• 2:28
  Speaker 3: hears when it hears job cuts coming from many companies.
• 2:31
  Speaker 3: That seems to be the case this morning as well
• 2:33
  Speaker 3: for Intel. Definitely the case for Intel.
• 2:36
  Speaker 4: Intel's up nearly five percent so far this morning in
• 2:38
  Speaker 4: pre market trade. The company is expected to announce plans
• 2:41
  Speaker 4: to cut more than twenty percent of.
• 2:43
  Speaker 1: Its staff this week.
• 2:45
  Speaker 4: The source says the move is part of a big
• 2:47
  Speaker 4: bid to streamline management, eliminate bureocracy, rebuild the engineering a
• 2:52
  Speaker 4: driven culture at the struggling chip maker. And now this
• 2:55
  Speaker 4: report comes ahead of Intel's first quarter results which are
• 2:58
  Speaker 4: coming on Thursday, which may give the CEO an opportunity
• 3:01
  Speaker 4: to flesh out this a bit more, lay out more
• 3:04
  Speaker 4: of his strategy regarding these redundancies. But the shares of
• 3:07
  Speaker 4: Intel up nearly five percent this morning after there was
• 3:10
  Speaker 4: a report to announce plans to cut more than twenty
• 3:12
  Speaker 4: percent of its staff.
• 3:14
  Speaker 3: Now, another big tech company across the pond is seeing
• 3:17
  Speaker 3: a big move this morning. Tell Us What's happening with SAP.
• 3:21
  Speaker 4: SAP yep of ten percent in Germany this morning. This
• 3:24
  Speaker 4: is the German business software group, known as the bigger
• 3:28
  Speaker 4: tech company here in Europe, gaining the most in six
• 3:31
  Speaker 4: years after first quarter profit topped analyst estimates. It was
• 3:35
  Speaker 4: fueled all by this pivot to cloud services, but seems
• 3:39
  Speaker 4: to be paying off for this German software group. That's
• 3:43
  Speaker 4: SAP up near ten percent. The stock has risen thirty
• 3:45
  Speaker 4: six percent over the last year. Its value has now
• 3:48
  Speaker 4: eclipsed to other European companies such as Novo, Nordes, the
• 3:51
  Speaker 4: drug maker, and LVMH In March, the.
• 3:55
  Speaker 2: Stock Movers podcast from Bloomberg Radio. Check back with us
• 3:59
  Speaker 2: throughout the day for the latest roundup of companies making
• 4:02
  Speaker 2: news on Wall Street and for the latest market moving headlines.
• 4:05
  Speaker 2: Listen to Bloomberg Radio Live. Catch us on YouTube, Bloomberg
• 4:09
  Speaker 2: dot com, and on Applecarplay and Android Auto with the
• 4:12
  Speaker 2: Bloomberg Business app.