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The Stock Movers Report, your roundup of companies making moves in the stock market harnessing the power of Bloomberg Data.
Scarlett Boom and Paul Sweeney here, and we want to bring in Bloomberg News is Billy Lipschualtz, who is taking a look at some stocks on the move today. Bailly get us started on Qualcom.
Yeah, Qualcomm shares ticker q coom down about one and a half percent, and this comes after reports that Chinese regulators will investigate the company's acquisition of Israeli company Auto Talks. So this comes with the China State Administration of Market Regulation saying that the company violated the country's anti monopoly
law regarding those Talks not disclosing enough information. It seems like from some of these reports this could be part of a bargaining chip or looking for leverage between President g and President Trump. We've seen a lot of going back and forth around chip and ships and pariffs, so it does seem like this could be a part of it.
So not a big move. It was down a bit more in pre market, but still not a positive to be a company like wal Qualcomm and be somehow dragged into the back and forth between the leaders of both China and the US. Let's talk about Mosaic.
What is Mosaic and what's going on there?
So Mosaic is an agricultural chemicals company. Ticker ms down more than seven percent, So this when you're looking at size and scope, worse day since early August, trading at the lowest level at least on an inter day basis since early May. This comes after the fertilizer company said third quarter phosphate production fell below up management expected. They cited some mechanical issues at one plant utility and interruptions
at another. The thing that stands out from the Wall Street reaction Scotiabank analysts saying that the stock wanted to perform in their downgrade to sector perform, but guys, credibility questions will resurface again. It's never good to have analysts who are on the sales side, who are supposed to be promoting stocks, coming out saying you have to question the credibility of management and what they're actually doing.
Yeah, questioning credibility are not words that you want linked to your stock ticker. All right, let's talk about Levi's, which did report earnings yesterday.
Yeah, reported earnings that were pretty solid, raising their full year outlook. But the big thing, the topic of this earning season in particular as it relates to retail companies tariffs. So they did warn that tariffs are going to impact companies or impact their operations. The thing that stood out to me was they're saying that they still expect tariffs of thirty percent in China, but they bumped up their expectations to twenty percent for the rest of the world.
Just a quarter ago they had that at ten percent, so doubling that. Shares of Levi ticker l ev I down more than ten percent or stay since early April, win tariffs were unveiled again, we saw Helen of Troy, the company that makes oxy goods hydroflasks, saying the tariffs are starting to bubble up and be a concern for their supply chain and kind of how they're going to
be pricing goods. Now we're seeing it show up in Levi Strauss and it's going to be very interesting to see how this plays out because again this is a topic for the holiday season, but really going into twenty twenty six, a lot of these companies ramped up, bringing their goods into stores and on into the US ahead of time. So leeve I already has seventy percent of their products they need for the holiday season on hand.
What does it mean for twenty twenty six? That's where these questions poppers.
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.