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00:00Here's something that's important and of course all eyes on China right now and all the major movers here in the pre market at least to the upside seemed to have a link now to what we're hearing over there are the first major loosening of those Covid related quarantine restrictions. So most of the big gainers that you're seeing in the pre market in the U.S. are those travel stocks that would benefit most from that easing. A lot of the casino stocks including Las Vegas Sands a win and MLK. The companies that have a big presence in Macao all rallying here on the day are Las Vegas Sands up about 7 percent here in the premarket. U.S. airlines like United and American also higher as are a lot of the cruise lines and tripped up gone up about 16 percent. Obviously this is a tough travel company based in China and its primary customers are outbound China travelers. They're seeing a nice boost from this as well. So keep an eye on a lot of the travel stocks as well but also keep an eye on Nike. It was interesting. They came out with earnings last night and those shares were down by about 2 percent here in the premarket. They say their China business is not doing well at all. Down about 20 percent on a year over year basis. They said that basically about 60 percent of their China business had been affected by the Covid shutdowns. And then it could take as much as three weeks to get everything back up and running to normal. That's when all of the restrictions are actually ease. Nike did also address the issue that there's been a sort of growing swell of nationalism that has actually shifted a lot of consumers away from Nike into more China. Chinese made brands. So something to keep an eye on there. You flip it up you want to stay on the China theme. Second biggest volume mover this morning actually the company called Play Ticker. It's a gaming company. We're learning the Joffrey Capital is going to take a major stake in this company from its Chinese owner. So this is a big deal. Kind of a shift in the majority ownership I should say. The shares higher here in the premarket by about 5 percent sic. The biggest volume mover out here in the U.S. though is Robin Hood. Robin Hood shares down about three and a half percent in the premarket. They rallied 14 percent yesterday on the back of that Bloomberg scoop that Sam Banks and Fritz FTSE a crypto exchange was potentially looking into the idea of buying Robinhood. Sam Baker freed later came out with the statement that he e-mailed to Bloomberg saying that there is no active emanate discussions though he didn't necessarily address the substance of the Bloomberg article which is whether he was actually interested in it at all. So these shares have been oscillating all around as a lot of people try to figure out what he's going to do. And of course we got the results of those bank stress tests from the Fed last week. Last night of course we got the announcements about the dividend buybacks and cash CAC shareholder returns. Morgan Stanley Goldman Sachs boosting their dividends and buybacks while J.P. Morgan and Citigroup standing pat though all of those names are higher in the premarket. Morgan Stanley Tomba up 3 percent remain. Thank you so much. To close this afternoon.

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Romaine's Market Movers

Bloomberg's Romaine Bostick reports on the top moving stocks this morning. (Source: Bloomberg)

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