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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 of the stocks on the move here, with the S and P five hundred ending its recent slide just a little bit of a slide, and bring in Bloomberg's Alexandra Semenova with our market drivers.
Alexandra, Hey, guys, good morning. I've been watching shares of Oracle really closely as we get more updates on this closely watched TikTok deal with the US, in which it is supposed to be among a consortium of investors buying the company. The Trump administration said today that they expect evaluation of about fourteen billion dollars. That's actually well below
what the expectations were, kind of disappointing investors. Investors say that a deal at that price would be a bargain for buyers, including Oracle and partner Silver Lake Management, And accordingly, the stock is down a little bit this morning, though I do have to say it has had a fantastic run this year. Obviously, we got that blowout earnings report where they really wowed investors with their guidance and then
also of course this involvement with TikTok. The stock is up about seventy four percent this year.
Okay, what else you got for us?
Here? Also taking a look at shares of furniture retailers which are taking a hit right now. After President Trump announced that the US will enact new tariffs specifically on imported kitchen cabinets, on bathroom vanities, and other home products next week. Our H is seeing its stock fall this morning, I see it down about two point two percent. Wayfair, another furniture retailer also dropped. Our H is one of the companies that's really been taking a hit from tariffs.
At CEO has been a critic of Trump's trade policy. It's had a really rough year basically. In a social media post on Thursday night, Trump said that these kinds of imported products have been flooding into the US. He said that a fifty percent tariff would go on cabinets, van vanities, and associated products.
Yeah, you wonder if that's just kind of the initial shot, and of course everything's going to come down. I think it's walked back, and we saw that on a pharmaceuticals. If you have come, you have her thinking about building a plan here, you can be exempt, right, And so many companies are saying they've done just that. All right, let's talk about Boeing, which has been in the news this week.
Yeah, it is a bright spot today. The stock is up about four point one percent right now. The Federal Aviation Administration said that it will give it more leeway to perform some safety checks on its notorious seven thirty seven Max plane prior to delivery. Obviously they've struggled with safety issues after multiple crashes with that plane. The FAA will delegate more of its routine expection inspections to the plane maker, and they also ask for permission for more
output on this plane. It's currently capped at about thirty eight a month, and they want to see it move to a rate of forty two by the end of this year.
Investors are very happy with the SAMs the Stock Movers 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