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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 Bostik, and Katie Greifel.

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Speaker 1: All right, well, there's a little bit of green in

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Speaker 1: the s and P five hundred. I went to that

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Speaker 1: part of the IMAP function and found some gainers today.

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Speaker 1: The biggest gainer on a percentage basis in the S

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Speaker 1: and P five hundred is Energy today up more than

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Speaker 1: six point eight percent. This is a result of a

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Speaker 1: deal with Meta Platforms. It's paying for the construction of

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Speaker 1: seven new natural gas fired plants to fuel its data

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Speaker 1: center in rural Louisiana. Meta reaching a new agreement with

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Speaker 1: Energy to build and pay for enough gas plants to

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Speaker 1: provide a total of five point two gigawatts of electricity

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Speaker 1: for the data center. The agreement includes a Meta commitment

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Speaker 1: TEL fund up to two and a half gigawatts of

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Speaker 1: new renewable resources, as well as a memorandum of understanding

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Speaker 1: to explore future element and use of nuclear power. Entergy

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Speaker 1: up by six point eight percent. The best performer on

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Speaker 1: a percentage basis in the S and P five hundred

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Speaker 1: among the best performers in there as well. I think

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Speaker 1: it was actually the second best performer. That's right. Brown

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Speaker 1: Foreman up again on news of a potential acquisition by

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Speaker 1: Pernard Rashow. So look at that Brown Foreman controlled by

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Speaker 1: the Brown family. Up five point six percent today. It

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Speaker 1: was up yesterday as a result of this as well.

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Speaker 1: The big question is is the family going to approve

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Speaker 1: because they do have voting power of shares. And finally,

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Speaker 1: a Peloton a blast from the past.

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Speaker 3: Yes, and d out there speaking of twenty twenty two.

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Speaker 4: I was on my peloton this morning. What I'm talking about?

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Speaker 5: Yes, Katie has an impressive peloton.

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Speaker 4: H that's quite the setup. All right.

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Speaker 1: Well, I don't know how to segue that into what

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Speaker 1: the stock did today, but it's up eight point nine percent.

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Speaker 1: This is actually the result of Eric Jackson out there

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Speaker 1: on social media. It serves as much as seventeen percent

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Speaker 1: before giving back some of those gains. Surging the most

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Speaker 1: intra day going back to July, Eric Jackson, the activist investor,

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Speaker 1: said he is long the stock. Here's what he said, quote,

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Speaker 1: I'm long Peloton at four dollars he said in a

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Speaker 1: post on ex Peloton shares. At that point, we're down

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Speaker 1: about twenty four percent year to date. Up right now though,

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Speaker 1: we're up today to four dollars and forty three cents

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Speaker 1: a shareow.

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Speaker 5: So for decliners, I was very spoiled. I had a

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Speaker 5: lot to choose from. We can start with Amazon. It's

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Speaker 5: down by four percent. No specific news, but we do

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Speaker 5: have the European Commission saying it was hit by a

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Speaker 5: cyber attack that may have resulted in the taft of

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Speaker 5: internal data and the tax struck the Commission's Amazon Web

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Speaker 5: Services or AWS account so before being detected, So maybe

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Speaker 5: that had something to do in part with the stocks decline.

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Speaker 5: Up Next to Coinbase, I wanted to talk about this

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Speaker 5: because I wrote about this story yesterday about how coinbase

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Speaker 5: is teaming up with Better to really offer crypto mortgage.

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Speaker 5: Tim will be interested in this to crypto mortgage to Americans.

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Speaker 5: And now we have TD cow and saying that the

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Speaker 5: product is mixed, so that's not really that great advantage

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Speaker 5: for the borrow is that they can obtain credit against

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Speaker 5: coin holdings the coin TD Covin said, but you know,

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Speaker 5: it's still questionable how they will move forward with that.

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Speaker 5: So we have coinbased down by more than seven percent,

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Speaker 5: and lastly we have cybersecurity stocks down. But I want

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Speaker 5: to zero in on the ticker PA and WPOLLO Alto

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Speaker 5: shares are in the red by six percent. It's joined

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Speaker 5: by its peers, CrowdStrike and Sailor dropped by almost double digits.

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Speaker 5: So it's really because of a fortune report about an

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Speaker 5: artificial intelligence model being tested may be used by hackers.

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Speaker 4: All right, let's take a quick look at the bond market.

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Speaker 4: There because also spoiled for choice, though you did see

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Speaker 4: an interesting steepening which we were talking about with Jim Karen.

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Speaker 4: You can see the two year yields actually fill eight

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Speaker 4: basis points, a little bit of a rally in the

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Speaker 4: short end of the curve, which was certainly interesting when

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Speaker 4: you think about where we were after that ugly auction

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Speaker 4: earlier in the week. Can't say the same for the

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Speaker 4: rest of the curve, though you saw a little bit

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Speaker 4: of selling pressure deeper as you get further out the curve.

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Speaker 4: Thirty year yields higher by about four basis points. Ten

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Speaker 4: year yields we are back above four forty ten. Are

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Speaker 4: you scared?

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Speaker 1: You know, I wouldn't say I'm scared, okay, But what

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Speaker 1: I will say is I wonder what the President's next

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Speaker 1: move is. Because yesterday, after the selloff, what we saw

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Speaker 1: was a message from the President calling for an extension

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Speaker 1: and by many accounts, perhaps a third sort of extension.

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Speaker 1: And the idea was that maybe this would give more

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Speaker 1: time for negotiations, and markets bought it a little bit.

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Speaker 1: But then this morning, with seemingly increase in hostilities overnight

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Speaker 1: and more strikes and strikes on infrastructure as well, markets

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Speaker 1: are not buying the idea that there is a sort

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Speaker 1: of an off ramp anytime soon. I mean, look no

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Speaker 1: further than oil prices. You have Brent right now up

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Speaker 1: above one hundred and thirteen dollars a barrel, WTI hitting

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Speaker 1: one hundred dollars a barrel. That's up close to six

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Speaker 1: percent right now, and Brent up isabel what almost five

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Speaker 1: percent today.

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Speaker 5: It's really been a wild in the oil market. But

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Speaker 5: I'm wondering if we're a victim of our own quant

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Speaker 5: system I'll go system, or just our own fear City

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Speaker 5: release a note this week saying that selling off on

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Speaker 5: Friday and buying back on Monday has been a recurrent

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Speaker 5: pattern over the past few weeks because investors are just

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Speaker 5: really worry of car and risk over the weekend because

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Speaker 5: maybe they want to have a nice brunch session or

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Speaker 5: hang out with their kids, but they buy at it.

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Speaker 4: Thank you so much, Kenye.

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Speaker 1: I appreciate that.

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Speaker 5: Yes, I feel like that's really maybe something we're seeing.

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Speaker 5: The city also said conviction has been low because of

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Speaker 5: course it's a headline driven market and it's really been

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Speaker 5: tough to figure out this narrative.

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Speaker 3: Picking up on that, I wonder how inured we're getting

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Speaker 3: to this, the way that all of this has unfolded.

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Speaker 3: And Tim, I think your point is a very good one.

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Speaker 3: What does the president say we're due next? We have

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Speaker 3: this very specific ten day extension ending in eight pm

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Speaker 3: East Coast time, which I think is three thirty am

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Speaker 3: Tehran time on April the sixth. I just wonder sort

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Speaker 3: of what power he has in this moment. I think

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Speaker 3: that's what's been laid bare today as we've seen Israel

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Speaker 3: make those strikes on infrastructure in Iran. Today, I think

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Speaker 3: the present fee feels like he's still calling the shots

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Speaker 3: and running the show and determining how long this is

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Speaker 3: going to last. But I will say from what I've

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Speaker 3: watched over the last few weeks, he seems to have

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Speaker 3: limited power in that regard there, especially as this warwide

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Speaker 3: and skating.

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Speaker 4: And I'm sure you're going to be discussing something along

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Speaker 4: these lines at seven am tomorrow and on Sunday. But

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Speaker 4: it is interesting. I mean, you think about the potential

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Speaker 4: endgames for Israel, you think about the potential endgame for

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Speaker 4: the US. How much of a golf is there between them?

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Speaker 4: That certainly is a big question. As this around war

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Speaker 4: continues to deepen in terms of the timeframe, it's going

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Speaker 4: to be interesting to see how all of this plays

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Speaker 4: out in the market. I keep going back to this

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Speaker 4: note from JP Morgan basically saying that should oil trade

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Speaker 4: at one hundred and ten dollars dollars per barrel for

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Speaker 4: the rest of the year, that earnings estimates for S

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Speaker 4: and P five hundred companies would be shed by as

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Speaker 4: much as about five percent. And that really is one

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Speaker 4: of the last sort of rallying cries of the bulls

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Speaker 4: out there that corporate America still looks pretty good right now.

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Speaker 1: Tim, So that could be the view on what happens

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Speaker 1: to earnings, But there's also a big political element to this.

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Speaker 1: We had a great conversation with Joe Lovinger out of

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Speaker 1: our Texas bureau earlier. He along with Jeff Mason out

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Speaker 1: of DC, went to Seapack over the weekend and what

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Speaker 1: they heard from people was a real difference in sort

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Speaker 1: of their support for the president because of this war.

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Speaker 1: But it reminds us that affordability is what this president

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Speaker 1: ran on. It If oil stays high in affordability, things

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Speaker 1: don't become more affordable for Americans. I think, you know,

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Speaker 1: Republicans really could pay the price at the polls come November.

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Speaker 1: But before that is Bloomberg this weekend, seven am tomorrow

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Speaker 1: so much. David Gera will be there along with Christina Raffini.

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Speaker 3: And hopefully you I mean watching yeah, comfort of the

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Speaker 3: Peloton stee whatever.

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Speaker 1: I will definitely be watching out, definitely up on.

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Speaker 4: Your pelts on Bloomberg this weekend. It sounds like a

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Speaker 4: great Saturday.

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Speaker 1: It does. It is going to be a great Saturday.

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Speaker 2: This stock Mover's report from Bloomberg Radio. Check back with

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