Bloomberg Audio Studios, podcasts, radio News.
The Stock Movers Report, your roundup of companies making moves in the stock market. Harnessing the power of Bloomberg Data.
Let's take a look at some stocks on the move today. I'm Nathan Hager, joined by Bloomberg's Valerie Tittel. Valerie, good morning. Let's talk about what's going on with Boeing. Looks like the planemakers looking to get some deals done this week.
And it could be a huge deal, as the US Ambassador to China, David Purdue has said.
But yes.
Boeing shares up nearly three percent so far in pre market trade. This comes after some news that the US and China are in a final stages of negotiation for a huge Boeing aircraft order. This is coming from the US Ambassador to China, David Purdue, saying that the deal is very important to the President and very important to China.
Now.
Boeing has been working towards this deal with China to sell as many as five hundred aircraft, and a transaction that would end a sales drought that stretches all the way back to US President Donald Trump's last visit to China in twenty seventeen, but perhaps after the TikTok deals just another sign of thawing frosty ties between Trump and g in the world's two largest economies.
And this is fascinating. Valerie, We got to talk about tailanyl maker ken View after the announcement from the White House. That stock is getting quite a bit this morning.
It is.
It's up nearly six percent so far yesterday, so far today in pre market. No, yesterday the stock hit a record low at the close, down over seven percent. Ken View is the maker of tailanol, and it fell yesterday on reports that Trump administration what's going to link its use in pregnancy to autism. But it does seem investor fears in yesterday's move. We're now overdone given there's no
new evidence that was presented by the White House. City analysts actually noting the lack of new evidence and the limited judicial risk following the announcement by the President means that perhaps there is some upside risk in the stock, and we are seeing it this morning with ken Do you erasing much of its loss yesterday?
Yeah, we're seeing that as the biggest upside mover in the pre market this morning, and the biggest downside mover Firefly Aerospace.
Yeah, no, this one's an interesting one. This is a space and defense technology company. It's down near eleven percent in pre market trade. It ipoed back in August, and it was its first earnings release. Last night, it gave an underwhelming revenue number and it's now trading below its IPO price of forty five dollars a share, trading at forty four to twenty now. Firefly focuses on small rocket
launchers for satellites and lunar missions. And you might remember it from back in March when it landed a privately developed spacecraft on the Moon in partnership with NASA. But it's looking like it's revenue numbers that they stated yesterday just aren't impressing investors at the moment. So Firefly trading below its IPO price, down eleven percent.
And finally, Valerie, maybe we need to do a little bit of a meme stock check here. What's going on with Better Home and Finance?
A little bit of frenzy, shall I say? The stock soared in the session as much as one hundred and seventy five percent yesterday, it's up twenty eight percent again today. This all has to do with Eric Jackson, who said his hedge fund had bet on the stock. Now, Eric Jackson was the same man who sparked the retail driven rally in open Door a few months ago. Now this stock, Better Home and Finance, is an online mortgage company. He posted on x and a series of posts that the
stock could rise three hundred and fifty times. Part of his bullish rationale was that the AI efforts led by Better will let it scale lending dramatically while keeping headcount low. So there's still a frenzy around the stock. This morning, Better Home and Finance of twenty six months.
The Stockmover's Report from Bloomberg Radio. Check back with us throughout the day for the latest roundup of companies making news on Wall Street and for the latest market moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg dot com, and on Applecarplay and Android Auto with the Bloomberg Business app.