1 00:00:02,480 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:09,880 --> 00:00:13,320 Speaker 2: This is the closing bell on the stock mover's report. 3 00:00:13,560 --> 00:00:16,520 Speaker 2: The company's making moves at the close of US trading 4 00:00:16,760 --> 00:00:21,320 Speaker 2: with Carol Masser, Tim Stenebeck, Romain, Bostik, and Scarlet Food. 5 00:00:22,360 --> 00:00:23,880 Speaker 3: Three hundred and two names in the S and P 6 00:00:24,000 --> 00:00:27,360 Speaker 3: five hundred Caroline hired today two hundred to the downside, 7 00:00:27,360 --> 00:00:28,240 Speaker 3: one unchanged. 8 00:00:28,440 --> 00:00:30,240 Speaker 4: Meanwhile, I'm looking at the sector break down. If you're 9 00:00:30,240 --> 00:00:32,440 Speaker 4: looking at the SMP, utilities lead the charge on more 10 00:00:32,479 --> 00:00:34,440 Speaker 4: than a percentage point. But you've got big old tech 11 00:00:34,520 --> 00:00:37,760 Speaker 4: doing its groundwork as well. Communication services. Of course, you 12 00:00:37,800 --> 00:00:40,160 Speaker 4: fold them together, and that is why you've got Nvidia, Meta, 13 00:00:40,440 --> 00:00:43,280 Speaker 4: Amazon as your leaders of the platform points perspective, consumer 14 00:00:43,320 --> 00:00:46,400 Speaker 4: discretionery in the red, consumer staples, a little bit of. 15 00:00:46,400 --> 00:00:48,839 Speaker 3: Energy too, all right, lot of green there. I'm going 16 00:00:48,880 --> 00:00:51,240 Speaker 3: to go back to something that remain mentioned earlier, and 17 00:00:51,280 --> 00:00:54,800 Speaker 3: that's Nvidia. It did top four trillion dollars in market cap, 18 00:00:55,080 --> 00:00:58,800 Speaker 3: first time for a company to do that ever, and 19 00:00:58,920 --> 00:01:00,760 Speaker 3: we are seeing it though it did close at three 20 00:01:00,800 --> 00:01:03,840 Speaker 3: point nine trillion, so a little bit below that, but 21 00:01:03,840 --> 00:01:06,800 Speaker 3: nonetheless to stock up about one point eight percent in 22 00:01:06,840 --> 00:01:10,280 Speaker 3: today's session, up about twenty one percent here in twenty 23 00:01:10,319 --> 00:01:13,760 Speaker 3: twenty five, so big milestone for that company. Met a 24 00:01:13,760 --> 00:01:16,280 Speaker 3: platform another of the mag seven. This went up about 25 00:01:16,319 --> 00:01:18,560 Speaker 3: one point seven percent in today's session. This was a 26 00:01:18,600 --> 00:01:21,640 Speaker 3: top gainer in the Nasdaq one hundred. The company buying 27 00:01:21,640 --> 00:01:26,319 Speaker 3: a minority steak in Luxotica. We've talked about this before 28 00:01:26,400 --> 00:01:28,120 Speaker 3: that relationship, said about it yesterday. 29 00:01:28,240 --> 00:01:31,360 Speaker 1: I don't hear it. Sorry, some things. 30 00:01:31,240 --> 00:01:34,400 Speaker 4: Have a change. It's like like getting it is to 31 00:01:34,400 --> 00:01:35,960 Speaker 4: get any flashbacks. 32 00:01:35,360 --> 00:01:36,920 Speaker 2: Caroline, I gotta go now. 33 00:01:36,959 --> 00:01:38,399 Speaker 1: You know why she's left the clothes and went to. 34 00:01:39,760 --> 00:01:40,360 Speaker 3: She's come back. 35 00:01:40,360 --> 00:01:42,240 Speaker 4: You're gonna mention your boat in a minute, Carol. 36 00:01:42,560 --> 00:01:45,560 Speaker 1: I'm just oh, I forgot about Caroline. 37 00:01:45,600 --> 00:01:49,600 Speaker 3: Come on. So anyway, so deepening its commitment when it 38 00:01:49,600 --> 00:01:51,880 Speaker 3: comes to the smart glass industry, according to folks in 39 00:01:51,920 --> 00:01:53,760 Speaker 3: the know, so it looks like they've got just about 40 00:01:53,760 --> 00:01:55,400 Speaker 3: three percent of the stake. I'm going to stop talking 41 00:01:55,400 --> 00:01:57,840 Speaker 3: because apparently you talked about it yesterday. But I am 42 00:01:57,960 --> 00:01:59,920 Speaker 3: going to the number one gainer in the S and 43 00:02:00,040 --> 00:02:04,120 Speaker 3: P five hundred. That's AEES and this company up about 44 00:02:04,160 --> 00:02:08,120 Speaker 3: twenty percent here at the close, so pretty much closing 45 00:02:08,160 --> 00:02:10,560 Speaker 3: at its ties of the session. Bloomberg News and exclusive 46 00:02:10,639 --> 00:02:13,880 Speaker 3: reporting this morning that the company it provides renewable power 47 00:02:13,919 --> 00:02:17,520 Speaker 3: to tech giants like a Microsoft, exploring options including a 48 00:02:17,520 --> 00:02:20,560 Speaker 3: potential sale amid takeover interest. And this is again according 49 00:02:20,560 --> 00:02:22,839 Speaker 3: to people with knowledge of the matter, so a lot 50 00:02:22,840 --> 00:02:26,919 Speaker 3: of speculation, but nonetheless, investors definitely taking note of Aiaes 51 00:02:27,040 --> 00:02:29,040 Speaker 3: again up about twenty percent in today's session. 52 00:02:29,240 --> 00:02:32,679 Speaker 5: Investors also taking notes of coco prices. Have you guys 53 00:02:32,720 --> 00:02:36,639 Speaker 5: seen cocoa prices, Yes, they are high. Coco powder is 54 00:02:36,639 --> 00:02:38,200 Speaker 5: in short supply. I've got a little bit of a 55 00:02:38,200 --> 00:02:41,760 Speaker 5: food theme with today's decliner's Hershey, the second worst performer 56 00:02:41,800 --> 00:02:43,320 Speaker 5: in the S and P five hundred to day, down 57 00:02:43,680 --> 00:02:47,400 Speaker 5: four point seven percent. Coco powder used in everything from 58 00:02:47,440 --> 00:02:49,959 Speaker 5: baking mixes to protein shakes. It's now in short supply. 59 00:02:50,400 --> 00:02:53,600 Speaker 5: Prices for the ingredient searched about sixteen percent in the 60 00:02:53,639 --> 00:02:56,679 Speaker 5: past year. They're now trading near a record. Companies such 61 00:02:56,680 --> 00:02:59,520 Speaker 5: as Mars and Hershey they have different tactics to try 62 00:02:59,520 --> 00:03:03,280 Speaker 5: to reduce reliance on cocoa powder, reduce bar sizes, add 63 00:03:03,280 --> 00:03:07,440 Speaker 5: things like nuts. They've even pronoted non chocolate products altogether. Nonetheless, 64 00:03:07,520 --> 00:03:10,120 Speaker 5: shares of Hershey down four point seven percent today. We 65 00:03:10,160 --> 00:03:12,840 Speaker 5: should note that yesterday shares fell three percent. The company 66 00:03:12,840 --> 00:03:16,639 Speaker 5: did name Wendy's CEO, Kirk Tanner as at CEO, replacing 67 00:03:16,680 --> 00:03:20,799 Speaker 5: Michelle Buck. That's going to take place effective August eighteenth. 68 00:03:21,320 --> 00:03:25,160 Speaker 5: Onto Beverages. Monster Beverage down three point three percent today. 69 00:03:25,200 --> 00:03:29,240 Speaker 5: This after Rothschild and Co. Redburn analyst Charlie Higgs cut 70 00:03:29,240 --> 00:03:33,080 Speaker 5: his recommendation on the company to neutral from neutral to buy, 71 00:03:33,160 --> 00:03:38,040 Speaker 5: citing valuation and gross margin pressure from tariffs an increase 72 00:03:38,080 --> 00:03:41,160 Speaker 5: in prices on aluminum. So some concern there. Shares fell 73 00:03:41,200 --> 00:03:44,840 Speaker 5: three point three percent today. And how about some conveyor 74 00:03:44,840 --> 00:03:47,400 Speaker 5: belt sushi. This is a close to a billion dollar 75 00:03:47,520 --> 00:03:50,960 Speaker 5: market that company. Shout out to Carol Masser for sending 76 00:03:51,000 --> 00:03:55,280 Speaker 5: this one my way. Kuasushi fell as much as sixteen 77 00:03:55,280 --> 00:03:57,600 Speaker 5: and a half percent. This is a company. They've got 78 00:03:57,600 --> 00:04:01,040 Speaker 5: seventy eight locations in the US. They've got nine of 79 00:04:01,080 --> 00:04:04,600 Speaker 5: them on the way. There's actually location in Flushing that 80 00:04:04,640 --> 00:04:07,400 Speaker 5: we can go to to try it out, do some research. 81 00:04:08,200 --> 00:04:08,600 Speaker 5: Let's do it. 82 00:04:08,760 --> 00:04:11,240 Speaker 4: Squid, salmon, tuna, snow crap. 83 00:04:11,360 --> 00:04:13,920 Speaker 5: Okay, so you already, yes, Paige, Wow, you already know 84 00:04:14,040 --> 00:04:16,960 Speaker 5: what you were going to order shares fell even after 85 00:04:16,960 --> 00:04:21,480 Speaker 5: the company race itself guide the film Maybe Not The 86 00:04:21,640 --> 00:04:24,280 Speaker 5: City says that the longer track record of earnings out 87 00:04:24,320 --> 00:04:27,240 Speaker 5: performance is needed to justify its lofty valuation. Shares are 88 00:04:27,279 --> 00:04:29,919 Speaker 5: up more than five hundred percent since the company iPod 89 00:04:29,920 --> 00:04:30,760 Speaker 5: back in twenty nineteen. 90 00:04:30,839 --> 00:04:33,720 Speaker 1: Hey, just real quickly here in the crypto space, we're 91 00:04:33,760 --> 00:04:36,680 Speaker 1: just now seeing bitcoin actually retop that one hundred and 92 00:04:36,680 --> 00:04:40,080 Speaker 1: twelve thousand dollars level. Of course that was the record high, 93 00:04:40,120 --> 00:04:43,320 Speaker 1: falling back below that just now, but again still trading 94 00:04:43,360 --> 00:04:45,600 Speaker 1: at that level. As we talk about risk sentiment coming 95 00:04:45,640 --> 00:04:48,840 Speaker 1: back into this market with that big scorch higher. Yeah, 96 00:04:48,920 --> 00:04:52,159 Speaker 1: and I mean obviously apparently I'm missing out here and 97 00:04:52,200 --> 00:04:54,760 Speaker 1: now crypto back to the top, just real quickly. I 98 00:04:54,800 --> 00:04:56,560 Speaker 1: do just want to point out yields on the day too, 99 00:04:56,600 --> 00:04:58,919 Speaker 1: because we talk about some of the concerns about that 100 00:04:58,960 --> 00:05:01,400 Speaker 1: auction which seemed to be have gone well, and you 101 00:05:01,480 --> 00:05:03,320 Speaker 1: see the drop in yields on the day. In fact, 102 00:05:03,360 --> 00:05:04,680 Speaker 1: this is the first time you've seen a drop in 103 00:05:04,760 --> 00:05:07,440 Speaker 1: yields in the last in the previous five sessions. So 104 00:05:07,440 --> 00:05:09,360 Speaker 1: a sixth day here of finally a little bit of 105 00:05:09,400 --> 00:05:11,719 Speaker 1: a rally in prices, though I should point out that 106 00:05:11,800 --> 00:05:13,560 Speaker 1: one of the key parts of the curve, that five 107 00:05:13,920 --> 00:05:17,359 Speaker 1: year thirty year a yield curve, continues to receep in. 108 00:05:18,920 --> 00:05:22,960 Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with 109 00:05:23,040 --> 00:05:25,600 Speaker 2: us throughout the day for the latest roundup of companies 110 00:05:25,680 --> 00:05:28,760 Speaker 2: making news on Wall Street and for the latest market 111 00:05:28,800 --> 00:05:33,279 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 112 00:05:33,360 --> 00:05:36,839 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 113 00:05:36,920 --> 00:05:38,400 Speaker 2: the Bloomberg Business app.