Morning Movers: Smithfield Foods, Facebook, Tesla

May 29 (Bloomberg) -- Bloomberg's Scarlet Fu, Sara Eisen and Tom Keene highlight the news you need to follow for today's trading. They speak on Bloomberg Television's "Bloomberg Surveillance."

Moody's Peter Nerby on Deutsche Bank Rating Cut
11:30 - Deutsche Bank AG had its credit rating cut by Moody’s Investors Service, which said the German lender faces mounting challenges in carrying out its turnaround. Moody's Investors Senior Credit Officer Peter Nerby speaks on "Bloomberg Markets." (Source: Bloomberg)
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