1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, Podcasts, Radio News. 2 00:00:10,080 --> 00:00:13,520 Speaker 2: This is the closing bell on the stock movers report 3 00:00:13,760 --> 00:00:16,720 Speaker 2: the company's making moves at the close of US trading 4 00:00:16,880 --> 00:00:21,400 Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik, and Katie Greyfell. 5 00:00:22,400 --> 00:00:24,279 Speaker 3: All right, guys, and just taking a quick check here 6 00:00:24,280 --> 00:00:25,919 Speaker 3: on the S and P five hundred. It's funny I 7 00:00:25,920 --> 00:00:27,840 Speaker 3: had and I earning Zapp and I was just like, 8 00:00:28,160 --> 00:00:30,520 Speaker 3: have they come across yet? You've got one hundred and 9 00:00:30,560 --> 00:00:32,839 Speaker 3: ninety names, Katie to the upside, three hundred and thirteen 10 00:00:32,920 --> 00:00:33,760 Speaker 3: to the downside. 11 00:00:33,800 --> 00:00:36,120 Speaker 4: All right, let's sick look at the sector performance as 12 00:00:36,159 --> 00:00:39,640 Speaker 4: we count down. Slightly more losers than winners in terms 13 00:00:39,640 --> 00:00:42,760 Speaker 4: of what did perform today, Energy putting up a game 14 00:00:42,800 --> 00:00:45,440 Speaker 4: of about seven tenths of a percent, Tech of about 15 00:00:45,479 --> 00:00:48,879 Speaker 4: six tents of percent as we await these ginormous earnings. Materials, 16 00:00:48,880 --> 00:00:51,680 Speaker 4: communication services also in the green. In terms of what 17 00:00:51,800 --> 00:00:54,160 Speaker 4: didn't perform so hot today on this sped day, real 18 00:00:54,240 --> 00:00:57,720 Speaker 4: estate down by nine tenths of percent, Consumer staples Carol 19 00:00:57,760 --> 00:01:00,000 Speaker 4: also off by about eight tenths of a person. 20 00:01:00,320 --> 00:01:03,320 Speaker 1: Microsoft burning is crossing the wire right now. First here 21 00:01:03,360 --> 00:01:05,880 Speaker 1: on Bloomberg, we take a look at the headline number 22 00:01:05,880 --> 00:01:08,680 Speaker 1: revenue in the most recent quarter, eighty one point two 23 00:01:08,840 --> 00:01:11,280 Speaker 1: seven billion dollars. The street was looking for eighty point 24 00:01:11,360 --> 00:01:14,560 Speaker 1: three EPs, coming in at five dollars and sixteen cents 25 00:01:14,560 --> 00:01:16,920 Speaker 1: a share. I don't have a comparison for you just yet, 26 00:01:16,959 --> 00:01:19,440 Speaker 1: but at the here's the intelligent cloud business thirty two 27 00:01:19,480 --> 00:01:22,560 Speaker 1: point nine to one billion dollars, relatively in line with estimates. 28 00:01:22,760 --> 00:01:23,880 Speaker 5: The street was looking on. 29 00:01:23,840 --> 00:01:27,400 Speaker 1: Average for thirty two point three nine And we shall 30 00:01:27,440 --> 00:01:30,600 Speaker 1: also point at Azure and other cloud revenue XFX that 31 00:01:30,760 --> 00:01:33,240 Speaker 1: was up thirty eight percent in the quarter, right around 32 00:01:33,319 --> 00:01:34,280 Speaker 1: what the street was looking for. 33 00:01:34,480 --> 00:01:36,600 Speaker 3: All right, all right, let's go to Meta also crossing 34 00:01:36,600 --> 00:01:38,160 Speaker 3: the Bloomberg terminal as we speak. 35 00:01:38,160 --> 00:01:40,080 Speaker 6: I'm going to go right to the outlook. 36 00:01:40,160 --> 00:01:43,280 Speaker 3: The first quarter revenue looking at fifty three point five 37 00:01:43,319 --> 00:01:45,880 Speaker 3: billion to fifty six point five The street estimate was 38 00:01:45,920 --> 00:01:48,160 Speaker 3: for fifty one point twenty seven billion. The stock right 39 00:01:48,160 --> 00:01:51,320 Speaker 3: now bop it around, but lower, just about nine tenths 40 00:01:51,360 --> 00:01:52,520 Speaker 3: to the downside. 41 00:01:52,520 --> 00:01:54,000 Speaker 6: Now maybe kicking a little bit higher. 42 00:01:54,160 --> 00:01:57,720 Speaker 3: Let's go to the fourth quarter revenue fifty nine point 43 00:01:57,760 --> 00:02:00,000 Speaker 3: eighty nine billion, better than the street estimate of fifty 44 00:02:00,240 --> 00:02:04,680 Speaker 3: eight point forty two billion AD revenue. So important, let's 45 00:02:04,680 --> 00:02:06,840 Speaker 3: see whether not all those AI investments are paying off 46 00:02:06,880 --> 00:02:09,959 Speaker 3: when it comes to getting more eyeballs and more AD revenue. 47 00:02:10,080 --> 00:02:12,760 Speaker 6: Fifty eight point fourteen billion. That is a beat. 48 00:02:12,840 --> 00:02:16,000 Speaker 3: Fifty seven fifty six point seventy nine was the street estimate, 49 00:02:16,440 --> 00:02:19,240 Speaker 3: and also EPs eight dollars eighty eight cents a share 50 00:02:19,320 --> 00:02:22,960 Speaker 3: versus eight dollars and two cents the year before. So 51 00:02:23,080 --> 00:02:26,040 Speaker 3: again that stock though a little bit lower, down about 52 00:02:26,440 --> 00:02:27,959 Speaker 3: one percent here in the aftermarket. 53 00:02:28,120 --> 00:02:32,320 Speaker 1: That capex number, yes, twenty twenty six company saying cappex 54 00:02:32,360 --> 00:02:34,840 Speaker 1: one hundred and fifteen billion to one hundred and thirty 55 00:02:34,840 --> 00:02:37,239 Speaker 1: five billion. The street was looking for about one to ten. 56 00:02:37,360 --> 00:02:40,560 Speaker 1: So Meta and more importantly, Mark Zuckerberg still all in 57 00:02:40,720 --> 00:02:42,080 Speaker 1: here on the AI build out. 58 00:02:42,280 --> 00:02:44,919 Speaker 4: Well to that point, Mark Zuckerberg saying that we had 59 00:02:44,960 --> 00:02:48,440 Speaker 4: strong business performance in twenty twenty five. I'm looking forward 60 00:02:48,480 --> 00:02:51,880 Speaker 4: to advancing personal superintelligence for people around the world in 61 00:02:51,960 --> 00:02:55,200 Speaker 4: twenty twenty six. Lofty ambitions, of course, but as you 62 00:02:55,200 --> 00:02:57,519 Speaker 4: can see in the after hours reaction, investors want to 63 00:02:57,560 --> 00:03:01,360 Speaker 4: know how do you translate that into actual profits and revenue? 64 00:03:01,360 --> 00:03:03,120 Speaker 6: And the bottom line here, I want to. 65 00:03:03,080 --> 00:03:05,560 Speaker 7: Go back to this this cap capex here, it's in 66 00:03:05,560 --> 00:03:08,160 Speaker 7: the press release, it's a headline in the Bloomberg. We 67 00:03:08,240 --> 00:03:12,640 Speaker 7: anticipate twenty twenty six capital expenditures, including principal payments on 68 00:03:12,720 --> 00:03:15,200 Speaker 7: finance leases, to be in the range of one hundred 69 00:03:15,200 --> 00:03:17,440 Speaker 7: and fifteen to one hundred and thirty five billion dollars, 70 00:03:17,440 --> 00:03:20,120 Speaker 7: with year over year growth driven by increased investments to 71 00:03:20,120 --> 00:03:24,280 Speaker 7: support our metas, superintelligence labs efforts, and core business. That 72 00:03:24,400 --> 00:03:26,760 Speaker 7: is so much higher, and that is also a much 73 00:03:26,800 --> 00:03:29,360 Speaker 7: bigger range than I would have anticipated up to one 74 00:03:29,440 --> 00:03:32,359 Speaker 7: hundred and thirty five billion dollars to spend on capex. 75 00:03:32,480 --> 00:03:35,040 Speaker 1: And just adding to that, the total expense number one 76 00:03:35,080 --> 00:03:37,160 Speaker 1: hundred and sixty two to one hundred and sixty nine billion. 77 00:03:37,400 --> 00:03:39,480 Speaker 1: Street was looking for one fifty one. And this really 78 00:03:39,520 --> 00:03:40,920 Speaker 1: gets to the idea I mean, I mean, we can 79 00:03:41,000 --> 00:03:43,200 Speaker 1: quibble over the numbers from a fundamental basis, but we've 80 00:03:43,200 --> 00:03:45,840 Speaker 1: seen this before with Mark Zuckerberg, where when he basically 81 00:03:45,840 --> 00:03:48,080 Speaker 1: decides he wants to go all in something, whether it 82 00:03:48,160 --> 00:03:50,760 Speaker 1: was the metaverse and the no Legs people, or are 83 00:03:50,800 --> 00:03:53,120 Speaker 1: some of the actual hardware stuff. 84 00:03:52,800 --> 00:03:53,760 Speaker 5: He goes all in. 85 00:03:53,880 --> 00:03:55,520 Speaker 1: Yeah, it doesn't always sort of pay off, but he 86 00:03:55,600 --> 00:03:57,680 Speaker 1: certainly makes big roles of the diet. 87 00:03:57,560 --> 00:04:00,800 Speaker 7: To your point, super intelligence labs, the idea of super intelligence, 88 00:04:00,880 --> 00:04:05,160 Speaker 7: artificial intelligence. That's throughout the press release. The word metaverse 89 00:04:05,360 --> 00:04:08,600 Speaker 7: not in here at all. This company rebranded from Facebook 90 00:04:08,640 --> 00:04:11,960 Speaker 7: to Meta because Mark Zuckerberg a few years ago was 91 00:04:12,000 --> 00:04:14,480 Speaker 7: going all in on the metaverse. That pivot it's took 92 00:04:14,520 --> 00:04:15,640 Speaker 7: completely to AI. 93 00:04:15,840 --> 00:04:17,920 Speaker 3: I'm going to go back to the Microsoft right now, 94 00:04:17,960 --> 00:04:20,000 Speaker 3: down about seven point six percent here, can I just 95 00:04:20,160 --> 00:04:20,560 Speaker 3: one but just. 96 00:04:20,680 --> 00:04:22,320 Speaker 1: At that point for you move on too. I mean 97 00:04:22,360 --> 00:04:24,920 Speaker 1: the Reality Labs business. I mean, to your point, Tim, 98 00:04:24,920 --> 00:04:27,520 Speaker 1: that's down twelve percent year over year. There's no real 99 00:04:27,560 --> 00:04:30,000 Speaker 1: business there. It's nine hundred and fifty five million dollars, 100 00:04:30,240 --> 00:04:32,400 Speaker 1: which would not be an issue if this wasn't like, 101 00:04:32,440 --> 00:04:34,280 Speaker 1: you know, a fifty eight billion dollar quarter com. 102 00:04:34,240 --> 00:04:36,400 Speaker 5: Totally, this is an advertising company, yep, full stop. 103 00:04:36,480 --> 00:04:36,560 Speaker 3: No. 104 00:04:36,920 --> 00:04:38,640 Speaker 4: So when it comes, you know, to that pivot to 105 00:04:38,680 --> 00:04:42,000 Speaker 4: the metaverse, remember earlier this month that Bloomberg reported that 106 00:04:42,320 --> 00:04:45,720 Speaker 4: Meta is beginning job cuts basically in Reality Labs as 107 00:04:45,760 --> 00:04:48,960 Speaker 4: it shifts from the metaverse to its AI devices. So, yes, 108 00:04:49,040 --> 00:04:51,960 Speaker 4: Zuckerberg tends to go all in, but that doesn't mean 109 00:04:52,000 --> 00:04:54,600 Speaker 4: also that he doesn't occasionally shift away as well. 110 00:04:54,680 --> 00:04:56,320 Speaker 3: All right, I want to go back to Microsoft because 111 00:04:56,320 --> 00:05:00,040 Speaker 3: it's down about seven percent here in the aftermarket this 112 00:05:00,240 --> 00:05:03,360 Speaker 3: after the company. Again, CAPEX is something we're talking about 113 00:05:03,800 --> 00:05:06,880 Speaker 3: a lot for these companies, but also Azure always important 114 00:05:06,880 --> 00:05:09,440 Speaker 3: for this company. Second quarter Azure another cloud revenue X 115 00:05:09,880 --> 00:05:10,840 Speaker 3: currency up. 116 00:05:10,760 --> 00:05:13,240 Speaker 6: Thirty eight percent. That's what the street was expecting. 117 00:05:13,600 --> 00:05:15,240 Speaker 3: And I think it's safe to say with the spend 118 00:05:15,279 --> 00:05:17,480 Speaker 3: that we continue to see with these companies, people are 119 00:05:17,480 --> 00:05:20,120 Speaker 3: looking for even better numbers when it comes to that. 120 00:05:20,960 --> 00:05:23,440 Speaker 1: Yeah, actually, guys, let's go up the Tesla here. These 121 00:05:23,480 --> 00:05:26,520 Speaker 1: numbers starting to trickle out right now. The EPs numbers 122 00:05:26,520 --> 00:05:28,240 Speaker 1: coming in right now at fifty cents a share. 123 00:05:28,240 --> 00:05:29,200 Speaker 5: That does look like a beat. 124 00:05:29,560 --> 00:05:32,400 Speaker 1: The street was looking on average for about forty five cents. 125 00:05:32,480 --> 00:05:34,000 Speaker 5: That's all the numbers we have right now. It's going 126 00:05:34,040 --> 00:05:34,359 Speaker 5: to take a. 127 00:05:34,320 --> 00:05:36,159 Speaker 1: While to pass through the Tesla released because of course 128 00:05:36,160 --> 00:05:39,480 Speaker 1: they don't follow normal formatting for anything here, but those 129 00:05:39,480 --> 00:05:42,400 Speaker 1: shares slightly lower in the after hours Train one percent down. 130 00:05:42,520 --> 00:05:44,520 Speaker 4: Yeah, absolutely, it's going to be interesting to get some 131 00:05:44,600 --> 00:05:47,039 Speaker 4: of these figures here. It is interesting to see that 132 00:05:47,120 --> 00:05:50,120 Speaker 4: price targets from the seal side have been rising even 133 00:05:50,160 --> 00:05:53,840 Speaker 4: as Tesla's profit outlook really in question. You can see 134 00:05:53,839 --> 00:05:56,880 Speaker 4: shares now down about one percent here as we start 135 00:05:56,880 --> 00:05:58,040 Speaker 4: to get some more of these numbers. 136 00:05:58,040 --> 00:06:01,080 Speaker 7: Ten okay, fourth quarter grows margin d point one percent, 137 00:06:01,120 --> 00:06:03,960 Speaker 7: that beat estimates of seventeen point one percent. Fourth quarter 138 00:06:04,040 --> 00:06:07,120 Speaker 7: operating income coming in above estimates at one point four 139 00:06:07,120 --> 00:06:10,279 Speaker 7: to one billion dollars. Fourth quarter revenue coming in just 140 00:06:10,400 --> 00:06:13,240 Speaker 7: shy of twenty five billion dollars at twenty four point 141 00:06:13,320 --> 00:06:15,760 Speaker 7: nine billion dollars, that was just below estimates. Fourth Quarter 142 00:06:16,080 --> 00:06:19,599 Speaker 7: earnings per share coming in at twenty four cents versus 143 00:06:19,640 --> 00:06:22,159 Speaker 7: sixty six cents. That's year over year, so that was 144 00:06:22,200 --> 00:06:25,760 Speaker 7: not an estimate, but twenty four cents for fourth quarter EPs, 145 00:06:26,240 --> 00:06:28,320 Speaker 7: fourth quarter free cash flow one point four to two 146 00:06:28,480 --> 00:06:31,520 Speaker 7: billion dollars. The estimate there was for one point five 147 00:06:31,520 --> 00:06:32,680 Speaker 7: to nine billion dollars. 148 00:06:32,760 --> 00:06:34,520 Speaker 3: I mean to be fair, and just listening to some 149 00:06:34,600 --> 00:06:37,160 Speaker 3: of our team talk about from the Bloomberg Intelligence team, 150 00:06:38,040 --> 00:06:39,920 Speaker 3: you know what you want to hear from Tesla. There's 151 00:06:39,920 --> 00:06:42,760 Speaker 3: a lot of folks want to hear about self driving cars, 152 00:06:42,880 --> 00:06:46,000 Speaker 3: autonomous cars, the taxi, and they also want to hear 153 00:06:46,000 --> 00:06:48,240 Speaker 3: about robotics because that is seen as the future of 154 00:06:48,240 --> 00:06:48,800 Speaker 3: this company. 155 00:06:48,880 --> 00:06:51,040 Speaker 1: Yeah, free cash flow in the quarter for Tesla one 156 00:06:51,040 --> 00:06:53,440 Speaker 1: point four to two billion, that's slightly below estimates. But 157 00:06:53,560 --> 00:06:55,080 Speaker 1: I want to go back to Katie's point too, because 158 00:06:55,080 --> 00:06:56,760 Speaker 1: I think she was referencing the great story that was 159 00:06:56,760 --> 00:06:59,960 Speaker 1: on the Bloomberg terminal just about how insane this valuation 160 00:07:00,400 --> 00:07:02,560 Speaker 1: and the idea that a lot of investors don't think 161 00:07:02,600 --> 00:07:05,040 Speaker 1: it's insane. This isn't really a bet on cash flow 162 00:07:05,160 --> 00:07:05,960 Speaker 1: or a profitability. 163 00:07:06,000 --> 00:07:07,640 Speaker 5: He's not in the short term or cars. 164 00:07:07,760 --> 00:07:10,400 Speaker 1: It's a bet on exactly tim It's bet on these 165 00:07:10,440 --> 00:07:14,160 Speaker 1: moonshots that we know Elon Musk is great at at 166 00:07:14,240 --> 00:07:16,840 Speaker 1: least advocating for. Whether he actually delivers on them, that's 167 00:07:16,840 --> 00:07:17,760 Speaker 1: a whole another question. 168 00:07:17,960 --> 00:07:19,480 Speaker 5: But he is the consummate salesman. 169 00:07:19,600 --> 00:07:22,440 Speaker 1: He has focused our attention less on those cars, less 170 00:07:22,440 --> 00:07:24,760 Speaker 1: on the cash generator from those cars, and more on 171 00:07:24,800 --> 00:07:26,880 Speaker 1: whether Katie's going to have a humanoid robot to make 172 00:07:26,880 --> 00:07:28,120 Speaker 1: her omelin in the morning. 173 00:07:27,880 --> 00:07:30,040 Speaker 7: Which he did say last week at Davos she would 174 00:07:30,080 --> 00:07:31,080 Speaker 7: have in the next year. 175 00:07:31,600 --> 00:07:33,960 Speaker 4: Yeah, theoretically, I will say, to put it even more directly, 176 00:07:34,000 --> 00:07:37,240 Speaker 4: I mean it's a bet on Elon Musk, specifically Elon 177 00:07:37,320 --> 00:07:40,840 Speaker 4: Musk's ability to sort of engineer those moonshots. You think 178 00:07:40,840 --> 00:07:44,600 Speaker 4: about the Musk premium in relation to Tesla's shares, We've 179 00:07:44,640 --> 00:07:46,880 Speaker 4: never actually exactly found out what that is, but I 180 00:07:46,880 --> 00:07:49,000 Speaker 4: mean you compare Tesla to some of the other car 181 00:07:49,040 --> 00:07:51,600 Speaker 4: companies out there, It's in just a completely different league, 182 00:07:51,600 --> 00:07:53,000 Speaker 4: and it has been for years now. 183 00:07:53,120 --> 00:07:56,240 Speaker 7: Yeah, it's not even valued as an auto company. On 184 00:07:57,160 --> 00:08:01,160 Speaker 7: that Investors valuing this report least the knee jerk reaction 185 00:08:01,320 --> 00:08:03,840 Speaker 7: now higher by three point eight percent. Shares did initially 186 00:08:03,920 --> 00:08:06,840 Speaker 7: drop on the release, but now shares are up for 187 00:08:06,960 --> 00:08:09,480 Speaker 7: Tesla three point eight close to four percent. 188 00:08:09,560 --> 00:08:11,760 Speaker 1: The company saying that it does plan to invest further 189 00:08:11,840 --> 00:08:15,200 Speaker 1: in those autonomous robots and the infrastructure for that, also 190 00:08:15,200 --> 00:08:18,960 Speaker 1: says that cybercab, the Semi and Mega Pac three that's 191 00:08:18,960 --> 00:08:21,960 Speaker 1: still on schedule. Katie Greig Philip for twenty twenty six. 192 00:08:22,040 --> 00:08:24,480 Speaker 1: So elon Musk once again laying out some of these 193 00:08:24,520 --> 00:08:26,960 Speaker 1: long term looks here and saying that maybe at least 194 00:08:26,960 --> 00:08:28,400 Speaker 1: this year we might start to see some of that 195 00:08:28,400 --> 00:08:29,280 Speaker 1: stuff come online. 196 00:08:29,320 --> 00:08:31,240 Speaker 4: Well, you can see that faith express right now in 197 00:08:31,280 --> 00:08:34,439 Speaker 4: the after hours reaction. Let's quickly pivot here to international 198 00:08:34,480 --> 00:08:37,920 Speaker 4: business machines IBM. The red headline here that fourth quarter 199 00:08:37,960 --> 00:08:41,400 Speaker 4: revenue came in at nineteen point six y nine billion dollars, 200 00:08:41,440 --> 00:08:43,880 Speaker 4: that is above the estimate of nineteen point two to 201 00:08:43,960 --> 00:08:47,480 Speaker 4: one billion dollars. They see their full year cash flow 202 00:08:47,520 --> 00:08:50,360 Speaker 4: increasing by about one billion dollars year over year. 203 00:08:50,400 --> 00:08:51,840 Speaker 5: Their fourth quarter free cash. 204 00:08:51,720 --> 00:08:55,080 Speaker 4: Flow came in at seven point five five billion dollars, 205 00:08:55,080 --> 00:08:57,520 Speaker 4: that is above the estimate of about six point eight 206 00:08:57,640 --> 00:09:01,160 Speaker 4: five billion dollars. IBM shares high by about two percent. 207 00:09:01,240 --> 00:09:03,920 Speaker 3: Right now, All right, let's go back to Tesla again, 208 00:09:04,000 --> 00:09:09,720 Speaker 3: getting some commentary about some of the future perhaps revenue drivers, 209 00:09:09,760 --> 00:09:11,640 Speaker 3: and this is what investors are kind of banking on. 210 00:09:11,720 --> 00:09:14,719 Speaker 3: But we are talking about remain mentioned this the cybercabs, 211 00:09:14,720 --> 00:09:17,880 Speaker 3: Semi and Megapac three on schedule for twenty twenty six. 212 00:09:18,280 --> 00:09:21,439 Speaker 3: That's this year Tesla to invest further in autonomous robots, 213 00:09:21,480 --> 00:09:25,400 Speaker 3: infrastructure and ramping six new production lines across products. 214 00:09:25,440 --> 00:09:27,280 Speaker 6: And so we're continuing to look now at. 215 00:09:27,120 --> 00:09:29,680 Speaker 3: Tesla now up about three point four percent here in 216 00:09:29,720 --> 00:09:30,560 Speaker 3: the aftermarket. 217 00:09:30,679 --> 00:09:32,840 Speaker 1: You know, I'm going through some more numbers here coming 218 00:09:32,840 --> 00:09:35,600 Speaker 1: out of Microsoft. Here we're talking about a company with 219 00:09:35,640 --> 00:09:38,319 Speaker 1: eighty one billion dollars in revenue in the most recent 220 00:09:38,400 --> 00:09:41,280 Speaker 1: quarter and operating income of about thirty eight billion. The 221 00:09:41,280 --> 00:09:43,960 Speaker 1: company is saying though, of that income, at least on 222 00:09:43,960 --> 00:09:47,400 Speaker 1: the net income basis, about seven point six billion dollars 223 00:09:47,400 --> 00:09:50,320 Speaker 1: of that actually came from its investments, again, on its 224 00:09:50,320 --> 00:09:54,240 Speaker 1: investments in open AI. I know, Katie Greifeld, you're always 225 00:09:54,240 --> 00:09:57,040 Speaker 1: concerned about the oral boris here, this sort of circular 226 00:09:57,080 --> 00:09:59,160 Speaker 1: thing here, but at least in the short term, maybe 227 00:09:59,200 --> 00:10:00,680 Speaker 1: a little bit of a benefit fit all some of 228 00:10:00,720 --> 00:10:03,960 Speaker 1: those investments here, so contributing to the company's bottom line. 229 00:10:04,040 --> 00:10:06,280 Speaker 3: There you have it, all, right, Just to quick check, 230 00:10:07,240 --> 00:10:10,120 Speaker 3: Meta Platforms up about three percent here in the aftermarket, 231 00:10:10,160 --> 00:10:12,680 Speaker 3: Microsoft down about five point three percent, and then we've 232 00:10:12,679 --> 00:10:15,880 Speaker 3: got Tesla, which has been bouncing around. That one is 233 00:10:16,080 --> 00:10:18,360 Speaker 3: right now as I pull it up, up about three 234 00:10:18,360 --> 00:10:20,360 Speaker 3: point six percent here in the aftermarket. So we'll be 235 00:10:20,360 --> 00:10:24,240 Speaker 3: looking forward to those calls with the analyst and investment community. 236 00:10:25,200 --> 00:10:29,240 Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with 237 00:10:29,320 --> 00:10:31,880 Speaker 2: us throughout the day for the latest roundup of companies 238 00:10:31,960 --> 00:10:35,080 Speaker 2: making news on Wall Street and for the latest market 239 00:10:35,080 --> 00:10:39,080 Speaker 2: moving headlines. Listen to Bloomberg Radio Live. Catch us on 240 00:10:39,120 --> 00:10:43,040 Speaker 2: YouTube Bloomberg dot com and on Applecarplay and Android Auto 241 00:10:43,080 --> 00:10:44,720 Speaker 2: with the Bloomberg Business App.