Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report,
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Speaker 2: Let's get some individual equity movers now and bring in
Speaker 2: from market drivers normal Linda Bloomberg Television Markets correspondent Nora
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Speaker 3: The big name here, the big name of the day here,
Speaker 3: and almost feels like every day at this point. Let's
Speaker 3: take her in VDA and we are seeing the company
Speaker 3: we're averaring up as much as five point six percent.
Speaker 3: This is the highest level on record. Of course, we
Speaker 3: know that the company topped the five trillion dollar mark,
Speaker 3: the first company to do that in terms of market capitalization.
Speaker 3: But of course we also know that this is a
Speaker 3: lot of this being really driven by a lot of
Speaker 3: the plans and partnerships that they've been rolling out. But additionally,
Speaker 3: Trump saying that he will discuss the company's Blackwell AI
Speaker 3: processors with Chinese leader Chi Jimping, and so this of
Speaker 3: course will rallying, getting Wall Street really excited about what
Speaker 3: that can mean here for the company and just the
Speaker 3: broader landscape here. So you are seeing sharers on a
Speaker 3: tier up about fifty five percent here today.
Speaker 4: Wow, all right, very good. I'll tell you what it
Speaker 4: used to be like a hot stock, hot sector telecommunications.
Speaker 4: If Verizon reported today as well.
Speaker 3: They did report revenue. We saw a lot of different
Speaker 3: metrics that came through here, but they did report a
Speaker 3: loss in terms of wireless phone subscribers for the third quarter.
Speaker 3: But they do really have an aggressive strategy that they're
Speaker 3: really trying to roll out here to gain subscribers. So
Speaker 3: they're trying to focus away from emphasizing their network and
Speaker 3: towards improving more or less the customer experience here. So
Speaker 3: you're seeing shares of Verizon up for their best day
Speaker 3: since July here, up as much as five point one
Speaker 3: percent on the year. Not looking like there's too much
Speaker 3: going on here, up about one percent so far, you're.
Speaker 4: Today, Well, it's interesting. This is a new CEO, Dan Shulman,
Speaker 4: plans to quote aggressively transform Verizon's culture and cost structure
Speaker 4: to improve the customer experience and compete effectively. I mean
Speaker 4: you think about you know, Verizony, big telecom companies. That
Speaker 4: might be a hard thing to do, absolutely aircraft carriers
Speaker 4: of companies, and I feel.
Speaker 3: People are kind of like locked into whatever company they
Speaker 3: work with. I mean, I feel like you have your
Speaker 3: one phone provider. Unless some other hot new deal comes out,
Speaker 3: you pretty much stick with the legacy that you have.
Speaker 4: But churn is a big thing.
Speaker 2: And what that's also true when it's some to upgrade
Speaker 2: your phone, that's when you start looking at right, you
Speaker 2: start shopping around cast about see who gets you the
Speaker 2: best deal. All right, let's take a look at five Serve.
Speaker 3: I Serve not a pretty day here, actually the worst
Speaker 3: day ever on record for the company. This is a
Speaker 3: fintech company that we're talking about, falling for its lowest
Speaker 3: level since twenty eighteen. This is after its results really
Speaker 3: confused Wall Street. They suffered a record plunge after slashing
Speaker 3: their outlook for full year earnings and a third quarter
Speaker 3: results that really did not fall well in terms of
Speaker 3: Wall Street expectations here, So you really are seeing the
Speaker 3: stock taking a beating today in particular. But it hasn't
Speaker 3: really been a pretty picture this year totally here. I mean,
Speaker 3: shares have been down sixty four percent so far this year.
Speaker 3: So clearly a troubled company right now.
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