1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, 2 00:00:10,240 --> 00:00:13,520 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:16,200 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,400 --> 00:00:19,280 Speaker 2: Let's get some individual equity movers now and bring in 5 00:00:19,480 --> 00:00:23,239 Speaker 2: from market drivers normal Linda Bloomberg Television Markets correspondent Nora 6 00:00:23,360 --> 00:00:24,639 Speaker 2: get Us started in video. 7 00:00:24,680 --> 00:00:26,840 Speaker 3: The big name here, the big name of the day here, 8 00:00:26,960 --> 00:00:29,800 Speaker 3: and almost feels like every day at this point. Let's 9 00:00:29,800 --> 00:00:32,800 Speaker 3: take her in VDA and we are seeing the company 10 00:00:33,080 --> 00:00:36,479 Speaker 3: we're averaring up as much as five point six percent. 11 00:00:36,800 --> 00:00:38,760 Speaker 3: This is the highest level on record. Of course, we 12 00:00:38,840 --> 00:00:41,960 Speaker 3: know that the company topped the five trillion dollar mark, 13 00:00:42,040 --> 00:00:44,840 Speaker 3: the first company to do that in terms of market capitalization. 14 00:00:45,159 --> 00:00:46,919 Speaker 3: But of course we also know that this is a 15 00:00:46,920 --> 00:00:49,320 Speaker 3: lot of this being really driven by a lot of 16 00:00:49,320 --> 00:00:51,880 Speaker 3: the plans and partnerships that they've been rolling out. But additionally, 17 00:00:52,159 --> 00:00:55,480 Speaker 3: Trump saying that he will discuss the company's Blackwell AI 18 00:00:55,560 --> 00:00:59,280 Speaker 3: processors with Chinese leader Chi Jimping, and so this of 19 00:00:59,320 --> 00:01:03,120 Speaker 3: course will rallying, getting Wall Street really excited about what 20 00:01:03,120 --> 00:01:04,959 Speaker 3: that can mean here for the company and just the 21 00:01:04,959 --> 00:01:07,680 Speaker 3: broader landscape here. So you are seeing sharers on a 22 00:01:07,760 --> 00:01:10,119 Speaker 3: tier up about fifty five percent here today. 23 00:01:10,280 --> 00:01:12,080 Speaker 4: Wow, all right, very good. I'll tell you what it 24 00:01:12,240 --> 00:01:15,600 Speaker 4: used to be like a hot stock, hot sector telecommunications. 25 00:01:15,600 --> 00:01:17,720 Speaker 4: If Verizon reported today as well. 26 00:01:17,560 --> 00:01:20,600 Speaker 3: They did report revenue. We saw a lot of different 27 00:01:20,600 --> 00:01:22,360 Speaker 3: metrics that came through here, but they did report a 28 00:01:22,400 --> 00:01:26,039 Speaker 3: loss in terms of wireless phone subscribers for the third quarter. 29 00:01:26,560 --> 00:01:28,680 Speaker 3: But they do really have an aggressive strategy that they're 30 00:01:28,680 --> 00:01:30,840 Speaker 3: really trying to roll out here to gain subscribers. So 31 00:01:30,840 --> 00:01:34,800 Speaker 3: they're trying to focus away from emphasizing their network and 32 00:01:35,000 --> 00:01:38,440 Speaker 3: towards improving more or less the customer experience here. So 33 00:01:38,480 --> 00:01:41,039 Speaker 3: you're seeing shares of Verizon up for their best day 34 00:01:41,120 --> 00:01:43,920 Speaker 3: since July here, up as much as five point one 35 00:01:44,040 --> 00:01:46,800 Speaker 3: percent on the year. Not looking like there's too much 36 00:01:46,840 --> 00:01:49,760 Speaker 3: going on here, up about one percent so far, you're. 37 00:01:49,640 --> 00:01:51,960 Speaker 4: Today, Well, it's interesting. This is a new CEO, Dan Shulman, 38 00:01:52,200 --> 00:01:56,600 Speaker 4: plans to quote aggressively transform Verizon's culture and cost structure 39 00:01:56,640 --> 00:02:00,480 Speaker 4: to improve the customer experience and compete effectively. I mean 40 00:02:00,480 --> 00:02:03,360 Speaker 4: you think about you know, Verizony, big telecom companies. That 41 00:02:03,480 --> 00:02:06,080 Speaker 4: might be a hard thing to do, absolutely aircraft carriers 42 00:02:06,320 --> 00:02:07,560 Speaker 4: of companies, and I feel. 43 00:02:07,360 --> 00:02:10,160 Speaker 3: People are kind of like locked into whatever company they 44 00:02:10,200 --> 00:02:11,560 Speaker 3: work with. I mean, I feel like you have your 45 00:02:11,600 --> 00:02:14,320 Speaker 3: one phone provider. Unless some other hot new deal comes out, 46 00:02:14,360 --> 00:02:16,120 Speaker 3: you pretty much stick with the legacy that you have. 47 00:02:16,360 --> 00:02:17,360 Speaker 4: But churn is a big thing. 48 00:02:17,400 --> 00:02:19,800 Speaker 2: And what that's also true when it's some to upgrade 49 00:02:19,840 --> 00:02:21,519 Speaker 2: your phone, that's when you start looking at right, you 50 00:02:21,600 --> 00:02:24,120 Speaker 2: start shopping around cast about see who gets you the 51 00:02:24,120 --> 00:02:26,640 Speaker 2: best deal. All right, let's take a look at five Serve. 52 00:02:26,840 --> 00:02:29,280 Speaker 3: I Serve not a pretty day here, actually the worst 53 00:02:29,360 --> 00:02:32,120 Speaker 3: day ever on record for the company. This is a 54 00:02:32,160 --> 00:02:34,400 Speaker 3: fintech company that we're talking about, falling for its lowest 55 00:02:34,440 --> 00:02:37,440 Speaker 3: level since twenty eighteen. This is after its results really 56 00:02:37,440 --> 00:02:41,160 Speaker 3: confused Wall Street. They suffered a record plunge after slashing 57 00:02:41,200 --> 00:02:44,200 Speaker 3: their outlook for full year earnings and a third quarter 58 00:02:44,280 --> 00:02:47,600 Speaker 3: results that really did not fall well in terms of 59 00:02:47,919 --> 00:02:50,239 Speaker 3: Wall Street expectations here, So you really are seeing the 60 00:02:50,240 --> 00:02:53,040 Speaker 3: stock taking a beating today in particular. But it hasn't 61 00:02:53,080 --> 00:02:56,360 Speaker 3: really been a pretty picture this year totally here. I mean, 62 00:02:56,440 --> 00:02:59,399 Speaker 3: shares have been down sixty four percent so far this year. 63 00:02:59,480 --> 00:03:01,880 Speaker 3: So clearly a troubled company right now. 64 00:03:02,760 --> 00:03:07,000 Speaker 1: The stockmover's report from Bloomberg Radio check Back with us 65 00:03:07,000 --> 00:03:09,800 Speaker 1: throughout the day for the latest roundup of companies making 66 00:03:09,880 --> 00:03:13,480 Speaker 1: news on Wall Street, and for the latest market moving headlines. 67 00:03:13,720 --> 00:03:17,720 Speaker 1: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 68 00:03:17,760 --> 00:03:20,840 Speaker 1: dot com, and on Applecarplay and Android Auto with the 69 00:03:20,880 --> 00:03:22,240 Speaker 1: Bloomberg Business app.