Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The.
Speaker 2: Stock Movers Report, your roundup of companies making moves in
Speaker 2: the stock market, harnessing the power of Bloomberg Data.
Speaker 3: Six point fifty five on Wall Street ty to take
Speaker 3: a look at some of the stocks on the move today,
Speaker 3: and we're joined by Bloomberg's Battery Tight Tell and we
Speaker 3: just heard Michael do the story. But I was shocked
Speaker 3: actually to learn that Amazon Web Services controls about a
Speaker 3: third of the cloud markets. So that's like, you know,
Speaker 3: you better have a backup if something goes wrong there.
Speaker 3: How's that stock performing?
Speaker 4: Hey, we're in the red. We're hovering in near session lows.
Speaker 1: When it comes to pre market, Amazon down two tenths
Speaker 1: of one percent, notably underperforming the rest of the mag seven,
Speaker 1: which is decently in the green.
Speaker 4: On the day, we have NASTAC futures up three tenths
Speaker 4: of one percent.
Speaker 1: But this is after, as you mentioned, widespread internet issues.
Speaker 1: Amazon is the world's life largest cloud provider. It has
Speaker 1: given an update in the last twenty minutes saying that
Speaker 1: operations are back to normal, but it impacted a dozen
Speaker 1: of platforms, including things like Snapchat, coin Base, Perplexity, robin
Speaker 1: Hood and even Verizon. So we are on a back
Speaker 1: foot when it comes to those Amazon shares this morning.
Speaker 3: Yeah, the thing I learned today was you'd better have
Speaker 3: a backup even if you know you have them as
Speaker 3: your service provider. Boeing, what's going on there?
Speaker 1: Flying higher, flying higher, one point seven percent higher in
Speaker 1: the pre market for Boeing shares. This comes off the
Speaker 1: back of a highly speculated move that the FAA is
Speaker 1: now allowing Boeing to raise the production of its seven
Speaker 1: three seven jet airliners to forty three jets, sorry, forty two.
Speaker 4: Jets a month to be exact.
Speaker 1: Now, this is a crucial step up for Boeing as
Speaker 1: it's attempting a path to recovery following a series of
Speaker 1: criseses with the seven thirty seven. Remember it was back
Speaker 1: in January of twenty twenty four that the door blew
Speaker 1: out on the Laska Airlines flight, and the FAA after
Speaker 1: that had placed safety inspectors at Boeing's factory and then
Speaker 1: limited production of the plane. Now, the fa set on
Speaker 1: Friday that the higher production rate won't change how it's
Speaker 1: currently moder monitoring Boeing's manufacturing or the company's push to
Speaker 1: strengthen its safety culture. So those inspectors will continue to
Speaker 1: work at Boeing's facilities. But production looks like it could
Speaker 1: be ramping up for Boeing in their seven thirty sevens.
Speaker 3: And then at the intersection of energy and artificial intelligence,
Speaker 3: we find Liberty Energy. I don't know who they are.
Speaker 1: Well, they traditionally are an oil fracking company. But not
Speaker 1: only now do we have bitcoin miners jumping into the
Speaker 1: data center trade, we now have oil frackers joining the party.
Speaker 1: So Liberty Energy the stock jump twenty eight percent on Friday,
Speaker 1: It's another seven percent higher in pre market, and this
Speaker 1: is on the back of them rapidly expanding their power
Speaker 1: generation business. They outlined a plan for a one gigawatt
Speaker 1: power capacity target through twenty twenty seven. That is too
Speaker 1: power oil drillers and most importantly, data center developers.
Speaker 3: Okay, I'm betting there's no connection with artificial intelligence. But
Speaker 3: beyond meat, what's going on there?
Speaker 4: Well, the move this morning is maybe beyond comprehension. John.
Speaker 4: The share price has risen sixty two percent.
Speaker 1: It is now becoming the retail meme stock DuJour as
Speaker 1: the focus turns to this leaguered Penny stock. It is
Speaker 1: the most actively traded stock on the US Exchange this morning,
Speaker 1: and this comes after the stock dropped around seventy percent
Speaker 1: last week after a debt swap deal wiped out a
Speaker 1: lot of shareholder value, but retail traders see it as
Speaker 1: possibly the next short squeeze target.
Speaker 2: This stock mover's report from Bloomberg Radio. Check back with
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