Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This is the closing bell on the stock mover's report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenobeck, Romain Bostik, and Katie Greifel.
Speaker 3: All right, guys, let's get to some of the individual gainers.
Speaker 3: If I may, We have to talk a little bit
Speaker 3: about some of the cable names and take a look
Speaker 3: at Comcast at its high it was up something like
Speaker 3: seventeen percent intra day, still finishing with a game of
Speaker 3: about four and a half percent. Here this has Comcast
Speaker 3: plans to spin off NBCUniversal and Sky into a new
Speaker 3: company holding businesses such as theme parks, film and TV studios,
Speaker 3: and the Peacock streaming service, and then Comcast holding its
Speaker 3: original cable, TV, broadband and wireless businesses. I mean, the
Speaker 3: cable media industry is continuing to change. So you had
Speaker 3: Comcast again finishing off its highs, but up four and
Speaker 3: a half percent. And I thought it was interest also
Speaker 3: that you had Charter rallying big time, up about nine
Speaker 3: point four percent, Some saying that Comcast move could pave
Speaker 3: the way for M and A across both the connectivity
Speaker 3: and media businesses. That was a note from our bi
Speaker 3: Analysquito Ringingathon and Ravino Douglas. So we'll see whether or
Speaker 3: not Charter is in play. Wall Street Journal writing that
Speaker 3: Comcast News has investors betting on the prospect of Comcast
Speaker 3: acquiring Charter after the Splits completion. So just kind of
Speaker 3: watching this space overall. Want to go over to the
Speaker 3: Bloomberg Mag seven Total Return Index. We had five of
Speaker 3: the seven names hired in today's session, so that average
Speaker 3: up about two point six percent. Mag seven our data
Speaker 3: about ten percent since May twenty eighth, but up about
Speaker 3: three and a half percent in the past two trading
Speaker 3: days alone. So we have seen investors moving back into
Speaker 3: that space, except for Microsoft and Apple. We've talked about
Speaker 3: Microsoft heading into their worst month and years, and then
Speaker 3: I could do SpaceX and Tesla. I feel like I
Speaker 3: should do them, So let's bring them up both rallying
Speaker 3: in today's session. You had SpaceX up about seven percent.
Speaker 3: You have Tesla up about eight and a half percent.
Speaker 3: Late Friday, we got the news that SpaceX would join
Speaker 3: the NAWS DEAK one hundred on July seven. That really news.
Speaker 3: We knew it was coming and then there were a
Speaker 3: lot of tweets by Elon over the weekend, a tweet
Speaker 3: on Sunday that SpaceX Rock four point five AI model
Speaker 3: was perhaps better than products from Anthropic, and he also
Speaker 3: pointed out that the model was being used by SpaceX
Speaker 3: and Tesla, so another example of the deepening relationship between
Speaker 3: those two companies. And then I have to just throw.
Speaker 4: Over there's another one.
Speaker 3: Yes, oh okay, because maybe even more interesting than SpaceX
Speaker 3: and Tesla is rocket Lab top in the NAWSDAK one hundred,
Speaker 3: up almost sixteen percent. Rocket Lab agreeing to buy a
Speaker 3: Ridium Communications in a cash and stock transaction, doing a
Speaker 3: buy and launch capabilities in satellite manufacturing with a Ridium's
Speaker 3: low Earth orbit network. Basically, you know, watch out, SpaceX.
Speaker 3: This competition maybe slowly coming. All right, I know I
Speaker 3: had a lot over to you.
Speaker 4: All right, let's start with the worst performer in the
Speaker 4: s and P five hundred today, which is super micro
Speaker 4: Computer down eight percent. Offices in Taiwan for the company
Speaker 4: were raided by government authorities. This remember, it's part of
Speaker 4: this investigation into the alleged smuggling smuggling of Nvidia chips
Speaker 4: into China using the company's servers. The investigation is part
Speaker 4: of Taiwan's crackdown on AI chip diversion, which Taipei can
Speaker 4: with TIPEI considering criminalization of exports of AICH chips to
Speaker 4: China and fortifying export controls to better line with the US.
Speaker 4: Super Micro shares again worst performer in the S and
Speaker 4: P five hundred. You can see when that news crossed
Speaker 4: just before two pm today, that's when it really took
Speaker 4: a turn lower, down eight percent today. Verizon for much
Speaker 4: of the day, in fact, was actually the worst performer
Speaker 4: in the S and P five hundred, but now among
Speaker 4: the worst performers today. Shares finished down by five point
Speaker 4: two percent. Shares fell after Bloomberg News reported that SpaceX
Speaker 4: and Charter have held executive level talks about partnering on
Speaker 4: a consumer mobile phone offering that could directly challenge wireless providers.
Speaker 4: We got an update from Carol on that separately. Verizon
Speaker 4: also announced earlier on Monday that it expected to record
Speaker 4: a loss of about seven hundred million to eight hundred
Speaker 4: million dollars in this second quarter. And finally, Microsoft, we
Speaker 4: just had a great conversation with Brody for it at
Speaker 4: Bloomberg News about Microsoft's woes this month, down one point
Speaker 4: two percent today, Romaine. Look at that Charry, but heading
Speaker 4: for their worst month going back to two thousand. The
Speaker 4: stock down about eighteen change, eighteen percent and change just
Speaker 4: in June, six hundred and thirteen billion dollars in market value.
Speaker 4: It's valued right now at the cheapest in a decade.
Speaker 1: Yeah, a lot of questions here really about just kind
Speaker 1: of the software space overall and kind of whether Microsoft
Speaker 1: ends up being kind of the endemic representative of that.
Speaker 1: We take a quick look at yields Guy's the rally
Speaker 1: that we had seen Alisa when the shouter and mid
Speaker 1: part of the curve taken a bit of a pause. Today,
Speaker 1: yields up on your two year, or your five year,
Speaker 1: and your ten year. No real change though on the
Speaker 1: longer end of the curve.
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