1 00:00:02,520 --> 00:00:10,440 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. The Stock Movers podcast, 2 00:00:10,800 --> 00:00:14,040 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:14,240 --> 00:00:18,920 Speaker 1: harnessing the power of Bloomberg data. It has become popular. 4 00:00:19,440 --> 00:00:21,720 Speaker 2: It is a podcast Stock Movers. You see it a 5 00:00:21,800 --> 00:00:23,919 Speaker 2: number of times a day. No one does it better 6 00:00:23,920 --> 00:00:26,520 Speaker 2: than Lisa Matteo. Lisa, all right, we want to start 7 00:00:26,520 --> 00:00:28,280 Speaker 2: with Boeing. Their shares have been off as much as 8 00:00:28,320 --> 00:00:30,840 Speaker 2: seven percent. I mean, the news flow started just before 9 00:00:30,880 --> 00:00:33,559 Speaker 2: five o'clock Wall Street time this morning. One of it's 10 00:00:33,560 --> 00:00:37,000 Speaker 2: seven eighty seven Dreamliner aircraft. It was operated by Air India. 11 00:00:37,120 --> 00:00:41,040 Speaker 2: A crash shortly after taking off from Mddabad. It was 12 00:00:41,080 --> 00:00:43,800 Speaker 2: headed to London. But this really stands to be the 13 00:00:43,840 --> 00:00:48,520 Speaker 2: worst accident involving Boeing's Dreamliner. It's popular with airlines because 14 00:00:48,560 --> 00:00:52,520 Speaker 2: it's more fuel efficient, so airlines like having the Dreamliner. Yeah, 15 00:00:52,560 --> 00:00:54,440 Speaker 2: the plane. This is what I just found too. It 16 00:00:54,480 --> 00:00:58,200 Speaker 2: was powered by two General Electric engines. So now GE 17 00:00:58,360 --> 00:01:00,480 Speaker 2: shares are being affected, so their shares are down about 18 00:01:00,480 --> 00:01:01,040 Speaker 2: four percent. 19 00:01:02,000 --> 00:01:04,840 Speaker 1: Seven has many engines, and I believe the seven eighty 20 00:01:04,880 --> 00:01:07,000 Speaker 1: seven is either GE or Rolls Royce. 21 00:01:07,440 --> 00:01:10,400 Speaker 2: Yes, correct, So yeah, so this one was two ge 22 00:01:10,520 --> 00:01:13,120 Speaker 2: Engines and then Air India if you know it was 23 00:01:13,200 --> 00:01:16,759 Speaker 2: it's owned by Tata Group. It was Flight AI one 24 00:01:16,840 --> 00:01:20,320 Speaker 2: seventy one. No reports of survivors, but it really what 25 00:01:20,360 --> 00:01:22,720 Speaker 2: it's doing. It just extends kind of this series of 26 00:01:23,120 --> 00:01:26,800 Speaker 2: serious fatal incidents, you know, the civil aviation industry this year. 27 00:01:27,000 --> 00:01:30,040 Speaker 2: So you see this trickle down effect to other airlines. 28 00:01:30,040 --> 00:01:33,200 Speaker 2: For example American Airlines and Delta, their shares have been 29 00:01:33,240 --> 00:01:36,480 Speaker 2: off more than one percent this morning. United Airline shares 30 00:01:36,480 --> 00:01:38,720 Speaker 2: have been off as much as two percent. And then 31 00:01:38,760 --> 00:01:41,120 Speaker 2: with news like this, we also tend to look at 32 00:01:41,160 --> 00:01:44,720 Speaker 2: companies like Lockheed Martin, but their shares really haven't been 33 00:01:44,800 --> 00:01:46,920 Speaker 2: affected this morning. But Boeing shares, yes, have been off 34 00:01:46,920 --> 00:01:50,960 Speaker 2: as much as seven percent. From Boeing, we go to Oracle. 35 00:01:51,320 --> 00:01:53,360 Speaker 2: This is on the upside. Their shares have been up 36 00:01:53,360 --> 00:01:56,279 Speaker 2: as much as eight percent. The reason why strong demand 37 00:01:56,280 --> 00:01:59,680 Speaker 2: for AI infrastructure. The company said they projected cloud in 38 00:01:59,680 --> 00:02:01,280 Speaker 2: for such our sales are going to jump more than 39 00:02:01,400 --> 00:02:04,960 Speaker 2: seventy percent in the fiscal year. And it's really been known. 40 00:02:05,000 --> 00:02:07,960 Speaker 2: Oracle is known for its database software, but it's been 41 00:02:08,000 --> 00:02:11,320 Speaker 2: trying to become this major player in cloud computing, like 42 00:02:11,360 --> 00:02:15,200 Speaker 2: renting out computing power, storage, and we've seen like the 43 00:02:15,200 --> 00:02:18,080 Speaker 2: demand for data center capacity, right, I mean, Oracle is 44 00:02:18,200 --> 00:02:21,480 Speaker 2: jumping on it. The traditional injury giants like Amazon, they've 45 00:02:21,520 --> 00:02:24,079 Speaker 2: been stretched to the limits. So Oracle is finding its 46 00:02:24,120 --> 00:02:27,680 Speaker 2: spot here and it's signed customers. It has Elon musks xai, 47 00:02:27,919 --> 00:02:30,600 Speaker 2: it has meta platforms as some of their customers. And 48 00:02:30,639 --> 00:02:33,400 Speaker 2: if you remember even earlier this year, it had that 49 00:02:33,480 --> 00:02:36,280 Speaker 2: joint venture announced Stargate, right, so they're going to provide 50 00:02:36,320 --> 00:02:39,480 Speaker 2: open AI with this big, big, massive sums of computer power. 51 00:02:39,560 --> 00:02:41,560 Speaker 2: We should have a disclaimer that Oracle has been a 52 00:02:41,600 --> 00:02:43,200 Speaker 2: wonderful supporter or what we're doing. 53 00:02:43,320 --> 00:02:45,200 Speaker 1: Yep, we thank them for that. 54 00:02:45,240 --> 00:02:46,960 Speaker 2: What's your next? STU? Sure, I want to get to 55 00:02:47,360 --> 00:02:49,919 Speaker 2: gamesop because their shares have been taking a hit down 56 00:02:49,960 --> 00:02:55,520 Speaker 2: as much as eighteen we're not games up. People say 57 00:02:55,560 --> 00:02:57,320 Speaker 2: it's kind of like a mean stuff. I know, A 58 00:02:57,400 --> 00:03:01,200 Speaker 2: means I know, I know. But what the news here 59 00:03:01,400 --> 00:03:03,399 Speaker 2: is that they're planning to offer one point seventy five 60 00:03:03,480 --> 00:03:07,360 Speaker 2: billion dollars worth of convertible bond, So they plan to 61 00:03:07,480 --> 00:03:09,800 Speaker 2: use the proceeds from those zero coupon bonds for things 62 00:03:09,880 --> 00:03:14,560 Speaker 2: like potential acquisitions, making investments. But what gainstop really did. 63 00:03:14,560 --> 00:03:16,560 Speaker 2: They issued one and a half billion dollars worth of 64 00:03:16,560 --> 00:03:20,959 Speaker 2: CONVERTIBLEMB in March, and that was to fund bitcoin purchases, 65 00:03:21,000 --> 00:03:23,960 Speaker 2: So this is kind of a different angle to game Stop. 66 00:03:25,120 --> 00:03:29,280 Speaker 1: The Stock Movers podcast from Bloomberg Radio, check back with 67 00:03:29,360 --> 00:03:32,120 Speaker 1: us throughout the day for the latest roundup of companies 68 00:03:32,160 --> 00:03:35,200 Speaker 1: making news on Wall Street and for the latest market 69 00:03:35,240 --> 00:03:39,600 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 70 00:03:39,640 --> 00:03:42,880 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 71 00:03:42,960 --> 00:03:44,440 Speaker 1: the Bloomberg Business app.