On this episode of Stock Movers:

- Shares of Boeing (BA) soar ahead of Friday's open following a Wall Street Journal report that the planemaker is poised to get more leeway from the Federal Aviation Administration to perform some final safety checks on its 737 MAX aircraft prior to delivery, easing the company's burden to get more of its most profitable aircraft to customers.

- Intel (INTC) shares rally in premarket trading after the Wall Street Journal reported that the Trump administration is weighing a new plan to reduce US reliance on chips made overseas. The Journal says the policy’s goal is to have chip companies manufacture the same number of semiconductors in the US as their customers import from overseas producers. Meantime, a separate Journal report says Intel has approached Apple and TSMC to secure investments or manufacturing partnerships to fuel the chipmaker's comeback.

- Shares of Daimler (DTG GY) slip in early trading as Europe’s truckmakers try to decode what to make of President Trump’s latest tariff salvo. The US plans to impose a 25% duty on imported heavy trucks starting on Wednesday, Trump announced in a post on Truth Social, without providing more details.

- Eli Lilly (LLY) shares edge higher in premarket trading after President Trump announced a fresh round of tariffs on pharmaceuticals, heavy trucks and furniture, including a 100% duty on patented drugs unless the producer is building a manufacturing plant in the US.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Intel (INTC) shares rally in premarket trading after the Wall Street Journal reported that the Trump administration is weighing a new plan to reduce US reliance on chips made overseas. The Journal says the policy’s goal is to have chip companies manufacture the same number of semiconductors in the US as their customers import from overseas producers. Meantime, a separate Journal report says Intel has approached Apple and TSMC to secure investments or manufacturing partnerships to fuel the chipmaker's comeback.
- Eli Lilly (LLY) shares jumps in premarket trading after President Trump announced a fresh round of tariffs on pharmaceuticals, heavy trucks and furniture, including a 100% duty on patented drugs unless the producer is building a manufacturing plant in the US.
- Shares of truck manufacturer Paccar (PCAR) soared in the premarket session following the announcement of a 25% tariff rate on heavy trucks made outside of the US, while Wayfair (W) shares tank with President Trump also announcing a 30% tariff on upholstered furniture and a 50% levy on kitchen cabinets and bathroom vanities.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Novo Nordisk (NOVOB DC) declined while its European Big Pharma peers largely traded flat after President Donald Trump announced new pharma tariffs. 
- Daimler Truck (DTG GY) fell on news Donald Trump’s plans include a duty on heavy truck imports. 
- InterContinental Hotels (IHG LN) shares climbed after receiving a double upgrade to overweight at JPMorgan.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- Jabil (JBL) shares fall after the manufacturer reported results, which Vital Knowledge says show pressure on margins in the AI-exposed Intelligent Infrastructure segment.

- Tesla (TSLA) shares fell as European sales of the electric vehicle giant dropped 22% in August, giving it a market share of just 1.9%. Even as consumers in Europe eschew Tesla, EV sales rose in the region in August, with hybrids as a particular bright spot. Still, Tesla was the worst performer among Bloomberg Magnificent Seven stocks.

- Costco (COST) reported quarterly profit that was better than expectations, a sign that spending remains healthy as shoppers prioritize essentials and seek value. The retailer's comparable sales, excluding gas and currency fluctuations, also beat expectations, and its shares were little changed Thursday afternoon. Costco has posted strong sales growth in recent years, attracting consumers with its deals, ever-changing assortment and popular Kirkland brand, and tends to be more resilient to macroeconomic swings than other companies.

See omnystudio.com/listener for privacy information.

Listen for comprehensive cross-platform coverage of the US market close as heard on Bloomberg Television, Bloomberg Radio, and YouTube with Romaine Bostick, Matt Miller, Carol Massar and Tim Stenovec.

- Intel (INTC) shares continue to rally. Investors are piling into bullish bets on Intel Corp., betting
that a weeks-long rally following a string of investments from the US government, Nvidia Corp. and others will continue as the chipmaker seeks further tie-ups. Implied volatility in three-month Intel options jumped this week to the highest level since the tariff-driven selloff in US stocks in early April. But rather than protecting against a decline, investors are buying call options that will profit from further gains. 

- Tesla (TSLA) shares slumped. Tesla urged US environmental regulators to maintain ambitious tailpipe emissions standards that were put in place to push the industry to sell electric vehicles in larger numbers. Regulations finalized under President Joe Biden that assumed more than 50 percent of the US auto market would be composed of fully electric models by 2032 “are a lawful exercise of authority Congress provided to EPA to regulate greenhouse gases from new motor vehicles,” Tesla said in a regulatory filing posted online by the US Environmental Protection
Agency on Wednesday.

- Freeport-McMoRan (FCX) shares slipped on word that a halt in production at the giant Grasberg copper mine in Indonesia looks set to strain the fractious relationship between miner Freeport-McMoRan Inc. and its host nation, at a time when the Jakarta government was already looking to take greater control.Freeport declared force majeure on contracted supplies on Wednesday, two weeks after about 800,000 tons of mud flooded underground tunnels. Two workers were killed, while five more remain missing. The US-listed company slashed its production guidance, dragging its shares down 17% and pushing copper futures to the highest level in more than a year.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- Tesla (TSLA) shares fell as European sales of the electric vehicle giant dropped 22% in August, giving it a market share of just 1.9%. Even as consumers in Europe eschew Tesla, EV sales rose in the region in August, with hybrids as a particular bright spot. Still, Tesla was the worst performer among Bloomberg Magnificent Seven stocks.
 
- Intel (INTC) / Apple (AAPL) shares rise after news that Intel has approached Apple about securing an investment in the ailing chipmaker, according to people familiar with the matter, as part of efforts to bolster a business that’s now partially owned by the US government.

- CarMax (KMX) shares fall after the used car retailer reported significant earnings per share and sales shortfalls for the second quarter, which Truist Financial Services analysts described as a “miss across the board” with “really nothing good to see.” Wedbush downgraded the stock to neutral.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Starbucks (SBUX) shares fall after the company said it plans to close stores and eliminate 900 jobs in a $1 billion restructuring effort under Chief Executive Officer Brian Niccol.
- Intel (INTC) / Apple (AAPL) shares rise after news that Intel has approached Apple about securing an investment in the ailing chipmaker, according to people familiar with the matter, as part of efforts to bolster a business that’s now partially owned by the US government.
- Lithium Americas (LAC) shares soared to the highest price since April 2024 after reports the Trump administration is pursuing a stake in the company.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Eli Lilly (LLY) shares drop after the company halted a study of an experimental drug designed to prevent obesity patients from losing too much muscle, citing strategic business reasons.
- CarMax (KMX) shares fall after the used car retailer reported significant earnings per share and sales shortfalls for the second quarter, which Truist Financial Services analysts described as a “miss across the board” with “really nothing good to see.” Wedbush downgraded the stock to neutral.
- Jabil (JBL) shares fall after the manufacturer reported results, which Vital Knowledge says show pressure on margins in the AI-exposed Intelligent Infrastructure segment.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:
- Intel (INTC) shares are higher as it approached Apple about securing an investment in the ailing chipmaker, according to people familiar with the matter, as part of efforts to bolster a business that’s now partially owned by the US government. A deal with Apple would represent further validation of the chipmaker’s turnaround bid, although it’s unlikely that Apple would switch back to Intel processors in its devices.
- Oracle (ORCL) is falling as Rothschild & Co Redburn initiates coverage of the software giant with a sell rating, saying the market is materially overestimating the value of the firm’s cloud revenues.
- Carmax (KMX) slides after the used car retailer reported significant earnings per share and sales shortfalls for the second quarter. CarMax Auto Finance (CAF) income decreased 11.2% as an increase in the provision for loan losses outweighed growth in CAF’s net interest margin percentage.
- Cipher Mining (CIFR) is higher on news Google's taking a stake int he company as part of an AI hosting deal. Google will receive warrants to buy about 24 million shares of Cipher Mining’s stock, equating to an about 5.4% pro forma equity ownership stake, as part of Cipher’s 10-year AI hosting agreement with Fluidstack.

See omnystudio.com/listener for privacy information.

On this episode of Stock Movers:

- Cipher Mining (CIFR) is higher on news Google's taking a stake in the company as part of an AI hosting deal. Google will receive warrants to buy about 24 million shares of Cipher Mining’s stock, equating to an about 5.4% pro forma equity ownership stake, as part of Cipher’s 10-year AI hosting agreement with Fluidstack.

- Intel (INTC) shares are higher as it approached Apple about securing an investment in the ailing chipmaker, according to people familiar with the matter, as part of efforts to bolster a business that’s now partially owned by the US government. A deal with Apple would represent further validation of the chipmaker’s turnaround bid, although it’s unlikely that Apple would switch back to Intel processors in its devices.

- Oracle (ORCL) is falling as Rothschild & Co Redburn initiates coverage of the software giant with a sell rating, saying the market is materially overestimating the value of the firm’s cloud revenues.

See omnystudio.com/listener for privacy information.