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Speaker 1: Bloomberg Audio Studios, podcasts, radio news.

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Speaker 2: This is the closing bell on this stock mover's report.

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Speaker 2: The company's making moves at the close of US trading

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Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostick, and Scarlet Food.

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Speaker 3: Let's go to some of the gainers on the day.

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Speaker 3: An easy task to find these. I want to start

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Speaker 3: with Charter Communications up close to two percent, we could

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Speaker 3: say one point eight percent. The companies agreed to combine

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Speaker 3: with Cox Communications. It's a cash and stock deal valued

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Speaker 3: at about thirty four and a half billion dollars that

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Speaker 3: does include debt. This combined company would be the top

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Speaker 3: broadband operator in the US. It would increase Charter subscriber

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Speaker 3: base by more than twenty percent. It would position them

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Speaker 3: to better compete in this converging market where you have

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Speaker 3: the wireless providers offering wireless service. You also the wireless

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Speaker 3: providers offering fixed broadband service as well, So it is

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Speaker 3: a really competitive space. We just spoke to moffit over

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Speaker 3: at Moffitt Nathanson. He reminded us the core product when

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Speaker 3: it comes to TMT companies, it's no longer TV, it's

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Speaker 3: no longer cable. This is all about broadband once again.

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Speaker 3: Shares of Charter today hired by one point eight percent.

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Speaker 3: Core We've finishing the day higher as well, twenty two

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Speaker 3: percent to the upside. Today more than doubled from its

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Speaker 3: March IPO. This after in Vidia reported its stake increased

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Speaker 3: to about seven percent of outstanding shares. This was as

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Speaker 3: of March thirty.

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Speaker 2: First.

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Speaker 3: We learned this in a thirteen G filing on Thursday,

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Speaker 3: and Video was expected to have about a five point

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Speaker 3: two percent stake in Core Weave after its IPO. That

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Speaker 3: was what the perspective showed back at the end of March.

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Speaker 3: And finally, look at what happened with Virgin Galactic today. Now,

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Speaker 3: to be fair, the stock has been beat up over

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Speaker 3: the last few years. Shares just soared today, was up

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Speaker 3: as much as ninety eight percent earlier in the session,

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Speaker 3: closed hire by forty three percent to the upside, a

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Speaker 3: record intraday gain. Analysts encouraged by the space company's first

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Speaker 3: quarter results. They did say they planned to charge more

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Speaker 3: for its space Torus flights when it resumed sales in

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Speaker 3: the first quarter of twenty twenty six. They've got this

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Speaker 3: new Delta spacecraft. It's going to hold six people faster

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Speaker 3: turnaround between missions. Then they'll clear this existing backlog of

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Speaker 3: ticket holders in about a year. Also, they made about

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Speaker 3: four hundred and sixty thousand dollars for the first quarter.

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Speaker 3: It was slightly above estimates. Negative free cash flow, though

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Speaker 3: expected to be between one hundred and five million one

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Speaker 3: hundred and fifteen million dollars in the second quarter.

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Speaker 4: Emily, all right, let's look at some of the decliners

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Speaker 4: for the day. Applied Materials. This is a chip equipment maker.

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Speaker 4: They gave a lackluster forecast for the current period, highlighting

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Speaker 4: the potential cost of the US trade dispute with China.

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Speaker 4: So the company said sales will be about seven point

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Speaker 4: two billion dollars in the third quarter, plus or minus

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Speaker 4: five hundred million. That was roughly in line with Wall

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Speaker 4: Street estimates, but some analysts had projected as much as

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Speaker 4: seven point four billion dollars. So that stock closed down

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Speaker 4: about five percent today. I'm also watching shares of Hershey,

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Speaker 4: the chocolate maker, was down two point three percent. Additionally,

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Speaker 4: Mandolas was also falling as cocoa prices, which of course

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Speaker 4: is a core ingredient in chocolate candy, surged to a

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Speaker 4: three month high today on renewed supply fears as shipments

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Speaker 4: from top grower Ivory Coast slow and also dry weather

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Speaker 4: threatens next season's output. So go and buy our chocolate

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Speaker 4: right now. Remain Those shares were down two point three percent,

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Speaker 4: and speaking of food, Kava was also down about two

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Speaker 4: point three percent. Closing today, the fast casual chain reported

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Speaker 4: first quarter results and updated their outlook, but analysts said

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Speaker 4: that while the report was positive relative to peers, the

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Speaker 4: dining establishment needed stronger results to justify the premium valuation

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Speaker 4: that stock us up a ton since going public in

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Speaker 4: twenty twenty three.

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Speaker 1: All right, let's quit check in on yields. Here at

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Speaker 1: third straight week where we've seen yields rise both on

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Speaker 1: the two year and the ten year. You see the

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Speaker 1: numbers there. These are your daily moves. Three basis points

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Speaker 1: on the shorter end of the curve, not much on

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Speaker 1: the longer end of the curve. But it should be

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Speaker 1: pointed out you go back to where we were in

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Speaker 1: mid April, towards the end of April, when yields to

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Speaker 1: our actually drifting lower. The big bump up ever since then,

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Speaker 1: basically since the start of the month, certainly concerning a

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Speaker 1: flirt with five percent, of course, in the middle of

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Speaker 1: the curve in the longer end of the curve, and

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Speaker 1: a flirt, of course, with four percent on the shorter

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Speaker 1: end of the curve. Three nine nine Right now on

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Speaker 1: your two year yield.

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Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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