WEBVTT - Closing Bell: Rocket Lab Soars, Super Micro Sinks, Verizon Falls

0:00:02.480 --> 0:00:07.000
<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

0:00:10.039 --> 0:00:13.520
<v Speaker 2>This is the closing bell on the stock mover's report

0:00:13.760 --> 0:00:16.680
<v Speaker 2>the company's making moves at the close of US trading

0:00:16.840 --> 0:00:21.360
<v Speaker 2>with Carol Masser, Tim Stenobeck, Romain Bostik, and Katie Greifel.

0:00:22.720 --> 0:00:25.080
<v Speaker 3>All right, guys, let's get to some of the individual gainers.

0:00:25.200 --> 0:00:27.840
<v Speaker 3>If I may, We have to talk a little bit

0:00:27.840 --> 0:00:30.960
<v Speaker 3>about some of the cable names and take a look

0:00:30.960 --> 0:00:34.519
<v Speaker 3>at Comcast at its high it was up something like

0:00:34.960 --> 0:00:37.960
<v Speaker 3>seventeen percent intra day, still finishing with a game of

0:00:37.960 --> 0:00:40.040
<v Speaker 3>about four and a half percent. Here this has Comcast

0:00:40.120 --> 0:00:43.319
<v Speaker 3>plans to spin off NBCUniversal and Sky into a new

0:00:43.320 --> 0:00:46.959
<v Speaker 3>company holding businesses such as theme parks, film and TV studios,

0:00:47.000 --> 0:00:49.879
<v Speaker 3>and the Peacock streaming service, and then Comcast holding its

0:00:49.920 --> 0:00:53.080
<v Speaker 3>original cable, TV, broadband and wireless businesses. I mean, the

0:00:53.120 --> 0:00:56.160
<v Speaker 3>cable media industry is continuing to change. So you had

0:00:56.480 --> 0:00:58.680
<v Speaker 3>Comcast again finishing off its highs, but up four and

0:00:58.720 --> 0:01:00.720
<v Speaker 3>a half percent. And I thought it was interest also

0:01:01.160 --> 0:01:04.080
<v Speaker 3>that you had Charter rallying big time, up about nine

0:01:04.120 --> 0:01:08.160
<v Speaker 3>point four percent, Some saying that Comcast move could pave

0:01:08.200 --> 0:01:10.560
<v Speaker 3>the way for M and A across both the connectivity

0:01:10.600 --> 0:01:12.720
<v Speaker 3>and media businesses. That was a note from our bi

0:01:12.959 --> 0:01:16.640
<v Speaker 3>Analysquito Ringingathon and Ravino Douglas. So we'll see whether or

0:01:16.720 --> 0:01:19.880
<v Speaker 3>not Charter is in play. Wall Street Journal writing that

0:01:19.920 --> 0:01:23.480
<v Speaker 3>Comcast News has investors betting on the prospect of Comcast

0:01:23.560 --> 0:01:27.200
<v Speaker 3>acquiring Charter after the Splits completion. So just kind of

0:01:27.200 --> 0:01:29.480
<v Speaker 3>watching this space overall. Want to go over to the

0:01:29.520 --> 0:01:32.800
<v Speaker 3>Bloomberg Mag seven Total Return Index. We had five of

0:01:32.840 --> 0:01:35.360
<v Speaker 3>the seven names hired in today's session, so that average

0:01:35.440 --> 0:01:38.399
<v Speaker 3>up about two point six percent. Mag seven our data

0:01:38.360 --> 0:01:40.800
<v Speaker 3>about ten percent since May twenty eighth, but up about

0:01:40.959 --> 0:01:43.000
<v Speaker 3>three and a half percent in the past two trading

0:01:43.080 --> 0:01:46.320
<v Speaker 3>days alone. So we have seen investors moving back into

0:01:46.319 --> 0:01:49.000
<v Speaker 3>that space, except for Microsoft and Apple. We've talked about

0:01:49.000 --> 0:01:52.480
<v Speaker 3>Microsoft heading into their worst month and years, and then

0:01:52.600 --> 0:01:54.840
<v Speaker 3>I could do SpaceX and Tesla. I feel like I

0:01:54.880 --> 0:01:57.480
<v Speaker 3>should do them, So let's bring them up both rallying

0:01:57.800 --> 0:02:01.560
<v Speaker 3>in today's session. You had SpaceX up about seven percent.

0:02:01.680 --> 0:02:03.760
<v Speaker 3>You have Tesla up about eight and a half percent.

0:02:04.360 --> 0:02:06.400
<v Speaker 3>Late Friday, we got the news that SpaceX would join

0:02:06.400 --> 0:02:08.600
<v Speaker 3>the NAWS DEAK one hundred on July seven. That really news.

0:02:08.639 --> 0:02:10.480
<v Speaker 3>We knew it was coming and then there were a

0:02:10.520 --> 0:02:13.640
<v Speaker 3>lot of tweets by Elon over the weekend, a tweet

0:02:13.680 --> 0:02:16.680
<v Speaker 3>on Sunday that SpaceX Rock four point five AI model

0:02:16.720 --> 0:02:20.040
<v Speaker 3>was perhaps better than products from Anthropic, and he also

0:02:20.080 --> 0:02:22.200
<v Speaker 3>pointed out that the model was being used by SpaceX

0:02:22.240 --> 0:02:25.560
<v Speaker 3>and Tesla, so another example of the deepening relationship between

0:02:25.560 --> 0:02:27.760
<v Speaker 3>those two companies. And then I have to just throw.

0:02:27.639 --> 0:02:28.560
<v Speaker 4>Over there's another one.

0:02:28.680 --> 0:02:31.760
<v Speaker 3>Yes, oh okay, because maybe even more interesting than SpaceX

0:02:31.760 --> 0:02:35.160
<v Speaker 3>and Tesla is rocket Lab top in the NAWSDAK one hundred,

0:02:35.240 --> 0:02:38.000
<v Speaker 3>up almost sixteen percent. Rocket Lab agreeing to buy a

0:02:38.040 --> 0:02:41.200
<v Speaker 3>Ridium Communications in a cash and stock transaction, doing a

0:02:41.240 --> 0:02:44.120
<v Speaker 3>buy and launch capabilities in satellite manufacturing with a Ridium's

0:02:44.120 --> 0:02:48.520
<v Speaker 3>low Earth orbit network. Basically, you know, watch out, SpaceX.

0:02:48.680 --> 0:02:51.240
<v Speaker 3>This competition maybe slowly coming. All right, I know I

0:02:51.240 --> 0:02:52.080
<v Speaker 3>had a lot over to you.

0:02:52.160 --> 0:02:53.720
<v Speaker 4>All right, let's start with the worst performer in the

0:02:53.800 --> 0:02:55.760
<v Speaker 4>s and P five hundred today, which is super micro

0:02:55.880 --> 0:02:59.960
<v Speaker 4>Computer down eight percent. Offices in Taiwan for the company

0:03:00.040 --> 0:03:02.360
<v Speaker 4>were raided by government authorities. This remember, it's part of

0:03:02.360 --> 0:03:06.320
<v Speaker 4>this investigation into the alleged smuggling smuggling of Nvidia chips

0:03:06.360 --> 0:03:09.920
<v Speaker 4>into China using the company's servers. The investigation is part

0:03:09.960 --> 0:03:14.480
<v Speaker 4>of Taiwan's crackdown on AI chip diversion, which Taipei can

0:03:14.800 --> 0:03:18.680
<v Speaker 4>with TIPEI considering criminalization of exports of AICH chips to

0:03:18.760 --> 0:03:22.639
<v Speaker 4>China and fortifying export controls to better line with the US.

0:03:22.680 --> 0:03:25.280
<v Speaker 4>Super Micro shares again worst performer in the S and

0:03:25.280 --> 0:03:27.000
<v Speaker 4>P five hundred. You can see when that news crossed

0:03:27.080 --> 0:03:30.120
<v Speaker 4>just before two pm today, that's when it really took

0:03:30.160 --> 0:03:33.639
<v Speaker 4>a turn lower, down eight percent today. Verizon for much

0:03:33.639 --> 0:03:35.240
<v Speaker 4>of the day, in fact, was actually the worst performer

0:03:35.240 --> 0:03:37.560
<v Speaker 4>in the S and P five hundred, but now among

0:03:37.600 --> 0:03:39.880
<v Speaker 4>the worst performers today. Shares finished down by five point

0:03:39.960 --> 0:03:44.240
<v Speaker 4>two percent. Shares fell after Bloomberg News reported that SpaceX

0:03:44.240 --> 0:03:47.360
<v Speaker 4>and Charter have held executive level talks about partnering on

0:03:47.360 --> 0:03:50.360
<v Speaker 4>a consumer mobile phone offering that could directly challenge wireless providers.

0:03:50.400 --> 0:03:53.800
<v Speaker 4>We got an update from Carol on that separately. Verizon

0:03:53.960 --> 0:03:56.720
<v Speaker 4>also announced earlier on Monday that it expected to record

0:03:56.720 --> 0:03:58.480
<v Speaker 4>a loss of about seven hundred million to eight hundred

0:03:58.480 --> 0:04:03.480
<v Speaker 4>million dollars in this second quarter. And finally, Microsoft, we

0:04:03.560 --> 0:04:05.040
<v Speaker 4>just had a great conversation with Brody for it at

0:04:05.040 --> 0:04:09.560
<v Speaker 4>Bloomberg News about Microsoft's woes this month, down one point

0:04:09.560 --> 0:04:12.320
<v Speaker 4>two percent today, Romaine. Look at that Charry, but heading

0:04:12.360 --> 0:04:15.200
<v Speaker 4>for their worst month going back to two thousand. The

0:04:15.240 --> 0:04:19.200
<v Speaker 4>stock down about eighteen change, eighteen percent and change just

0:04:19.240 --> 0:04:23.800
<v Speaker 4>in June, six hundred and thirteen billion dollars in market value.

0:04:23.800 --> 0:04:25.680
<v Speaker 4>It's valued right now at the cheapest in a decade.

0:04:25.960 --> 0:04:28.440
<v Speaker 1>Yeah, a lot of questions here really about just kind

0:04:28.440 --> 0:04:31.360
<v Speaker 1>of the software space overall and kind of whether Microsoft

0:04:31.480 --> 0:04:33.719
<v Speaker 1>ends up being kind of the endemic representative of that.

0:04:34.080 --> 0:04:37.240
<v Speaker 1>We take a quick look at yields Guy's the rally

0:04:37.279 --> 0:04:39.520
<v Speaker 1>that we had seen Alisa when the shouter and mid

0:04:39.560 --> 0:04:41.680
<v Speaker 1>part of the curve taken a bit of a pause. Today,

0:04:41.720 --> 0:04:43.880
<v Speaker 1>yields up on your two year, or your five year,

0:04:43.960 --> 0:04:46.560
<v Speaker 1>and your ten year. No real change though on the

0:04:46.600 --> 0:04:48.760
<v Speaker 1>longer end of the curve.

0:04:49.440 --> 0:04:53.440
<v Speaker 2>This Stock Movers report from Bloomberg Radio. Check back with

0:04:53.520 --> 0:04:56.080
<v Speaker 2>us throughout the day for the latest roundup of companies

0:04:56.160 --> 0:04:59.280
<v Speaker 2>making news on Wall Street and for the latest market

0:04:59.279 --> 0:05:03.760
<v Speaker 2>moving headline. Listen to Bloomberg Radio Live, catch us on YouTube,

0:05:03.839 --> 0:05:07.359
<v Speaker 2>Bloomberg dot com, and on Applecarplay and Android Auto with

0:05:07.440 --> 0:05:08.880
<v Speaker 2>the Bloomberg Business app.