Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report,
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Speaker 1: on these equity markets and normal. Linda has more for us.
Speaker 1: What are you watching, Nora.
Speaker 2: Well, we're looking at broader markets all gaining, but we
Speaker 2: did see shares of Apple ticker AAPL flipping now into
Speaker 2: the red. They were earlier up as much as two percent,
Speaker 2: but we're now seeing them lagging a bit down about
Speaker 2: two tents of a percent right now. So essentially the
Speaker 2: company posted a strong holiday outlook, but they did talk
Speaker 2: about a sales as the client in China, and we
Speaker 2: know that's really been on the focus of a lot
Speaker 2: of investors as we think about supply chain constraints and
Speaker 2: we think about the rollout of their new iPhone, we're
Speaker 2: thinking about demand there over in China, and so that
Speaker 2: seems to be the clear overhang here for the company.
Speaker 2: But of course you did see Wall Street trying to
Speaker 2: really assess how they felt about this report, especially given
Speaker 2: the fact that the forecasts here for the holiday season
Speaker 2: seems to be quite robust.
Speaker 3: And again the people are concerned about a lack of
Speaker 3: AI strategy, but maybe not that concerned. I don't know, Dan,
Speaker 3: I've says, don't worry about it, right so I don't know.
Speaker 3: They still make a ton of money from their iPhones,
Speaker 3: so absolutely needs to be there right now. And the
Speaker 3: services side of the business is just that prints money
Speaker 3: as well, so there's no problem there whatsoever, so they'll
Speaker 3: figure it out.
Speaker 2: Amazon well, of course, this one doing well. We're seeing
Speaker 2: shares of Amazon soaring for their highest level on record here,
Speaker 2: up as much as twelve percent, and this of course
Speaker 2: is due to its cloud business at posted robust cloud growth.
Speaker 2: This was really reassessed reassuring investors rather about the tens
Speaker 2: of billions of dollars being spent, especially as we think
Speaker 2: about the AI efforts and whether or not they're paying off.
Speaker 2: If you think about the peers like Microsoft here, you
Speaker 2: know they've really been in focus as to whether or
Speaker 2: not they're able to keep up with a lot of
Speaker 2: market leaders in this space in terms of this AI
Speaker 2: race here. So you are seeing shares jumping right now,
Speaker 2: especially as people are really feeling a bit more calmed
Speaker 2: fears being a late right now about a potential AI bubble.
Speaker 1: All right, good stuff.
Speaker 3: And then we've got Netflix.
Speaker 2: Netflix. Of course, that's one continues to be in focus.
Speaker 2: That's ticker in FLX. We're seeing shares rising up as
Speaker 2: much as four percent. This is after ten for one
Speaker 2: stock split that we still hear from the company. Of course,
Speaker 2: we know the company was valued, you know, really really expensive,
Speaker 2: up more than one thousand dollars. You know, when you
Speaker 2: go to purchase one share. They're really trying to make
Speaker 2: it more affordable and accessible for their employees and their
Speaker 2: options program here. But we also know that we are
Speaker 2: continuing to see news trickling in about the bid that
Speaker 2: they have here for Warner Brothers Studio. Of course, we
Speaker 2: did have Reuters reporting that Netflix is actively exploring a
Speaker 2: bid for Warner Brothers Discovery. That would be big, that
Speaker 2: would be.
Speaker 3: I don't do that, Yeah, primarily because they don't acquire
Speaker 3: any stuff, right, they grow internally organically.
Speaker 2: Yeah, this is the juicy story.
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