1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:15,880 Speaker 2: in the stock market harnessing the power of Bloomberg Data. 4 00:00:16,840 --> 00:00:18,640 Speaker 3: Let's take a look at some of the stocks on 5 00:00:18,760 --> 00:00:22,960 Speaker 3: the move today. I'm Tim Keen, with Paul Sweeney joining us. 6 00:00:23,120 --> 00:00:25,720 Speaker 3: Bloomberg's Lisa Matteo, who's out of. 7 00:00:25,840 --> 00:00:28,360 Speaker 4: Force we are, okay, I want to start with some 8 00:00:28,440 --> 00:00:30,360 Speaker 4: news that could be big for the market for AI 9 00:00:30,920 --> 00:00:34,520 Speaker 4: driven databases. It's Salesforce because they've agreed to acquire data 10 00:00:34,520 --> 00:00:39,279 Speaker 4: management software firm Informatica for about eight billion dollars. It's 11 00:00:39,280 --> 00:00:43,120 Speaker 4: one of Salesforce's biggest ever. So the two companies, it's 12 00:00:43,120 --> 00:00:45,080 Speaker 4: actually not the first time they actually talked about a 13 00:00:45,120 --> 00:00:47,800 Speaker 4: deal a year ago. And if you're asking, well, who 14 00:00:47,920 --> 00:00:51,879 Speaker 4: is Informatica, they basically help customers manage their data in 15 00:00:51,960 --> 00:00:55,040 Speaker 4: the cloud, so that's what they do. So their shareholders 16 00:00:55,040 --> 00:00:57,800 Speaker 4: set to receive twenty five dollars in cash per share. 17 00:00:58,280 --> 00:01:00,400 Speaker 4: Informatica shares have been up as much as six percent, 18 00:01:00,480 --> 00:01:02,960 Speaker 4: Salesforce up as much as one percent. Before the bell 19 00:01:03,240 --> 00:01:05,720 Speaker 4: a Salesforce that it expects the deal to close early. 20 00:01:05,760 --> 00:01:08,839 Speaker 4: It's fiscal year twenty twenty seven. There is the one 21 00:01:08,959 --> 00:01:13,560 Speaker 4: slight problem. It may attract regulatory scrutiny because there's this 22 00:01:13,760 --> 00:01:17,600 Speaker 4: overlap with Saleforces mule Soft unit, so that could be 23 00:01:17,760 --> 00:01:18,960 Speaker 4: a little sticking front. 24 00:01:19,120 --> 00:01:22,960 Speaker 1: I'm looking at their website. I have no idea what 25 00:01:23,440 --> 00:01:23,679 Speaker 1: to do? 26 00:01:23,840 --> 00:01:27,319 Speaker 4: Yes, yeah, well I go right to the advisors JP Cloud, 27 00:01:27,440 --> 00:01:31,520 Speaker 4: JP Morgan Securities advising salesforce and Golden Sacks advising Informatica. 28 00:01:31,640 --> 00:01:35,319 Speaker 1: I'll see that's much money data investments. 29 00:01:35,880 --> 00:01:38,520 Speaker 4: Yeah, it's a nice deal for merger Monday. 30 00:01:39,319 --> 00:01:41,279 Speaker 1: Establish more trust in data. 31 00:01:41,680 --> 00:01:43,679 Speaker 4: Sure, have trust to your data. 32 00:01:43,760 --> 00:01:47,440 Speaker 1: Let Claire do the heavy lifting. I have no idea. Okay, 33 00:01:48,120 --> 00:01:48,560 Speaker 1: thank you. 34 00:01:48,720 --> 00:01:52,440 Speaker 4: Next we go on to Trump Media Technology. Their shares 35 00:01:52,440 --> 00:01:55,360 Speaker 4: have been up as much as nine percent. The reason 36 00:01:55,400 --> 00:01:57,639 Speaker 4: why is because there's a report from the Financial Times 37 00:01:57,640 --> 00:02:00,360 Speaker 4: that company plans to raise three billion dollars to buy 38 00:02:00,440 --> 00:02:05,880 Speaker 4: cryptocurrencies like Bigcoin. So the breakdown is two billion fresh equity, 39 00:02:05,920 --> 00:02:09,600 Speaker 4: another billion from a convertible bond. But the announmates come. 40 00:02:09,680 --> 00:02:13,000 Speaker 4: It's a big meeting in Crystal Crypto investors investors taking 41 00:02:13,040 --> 00:02:16,320 Speaker 4: place in Las Vegas this week. You have a lot 42 00:02:16,320 --> 00:02:19,600 Speaker 4: of people there speaking. Vice president JD. Vans. You have 43 00:02:19,639 --> 00:02:23,760 Speaker 4: the president's sons there, Donald Junior, Eric the christ there 44 00:02:23,919 --> 00:02:27,919 Speaker 4: next week, this week E JT. Five point six billion 45 00:02:27,919 --> 00:02:28,680 Speaker 4: dollar market cap. 46 00:02:29,040 --> 00:02:30,840 Speaker 1: They have twenty nine employees. 47 00:02:31,280 --> 00:02:35,720 Speaker 3: Mister News formerly with Congress is driving the ship. Okay, 48 00:02:36,960 --> 00:02:39,880 Speaker 3: they have three hundred and seventy three institutional owners. 49 00:02:41,360 --> 00:02:45,920 Speaker 1: I adjusted revenue lead. I love this lead manager E. F. 50 00:02:45,960 --> 00:02:49,320 Speaker 1: Hutton Okay, yep, YEP. 51 00:02:49,960 --> 00:02:53,079 Speaker 4: Revenue in counter twenty four to three point six million. 52 00:02:53,520 --> 00:02:54,120 Speaker 3: Stay there. 53 00:02:55,320 --> 00:02:57,800 Speaker 4: But they've been pushing into the y. 54 00:02:58,120 --> 00:03:00,160 Speaker 3: I'm looking at the FA and there's some negati of 55 00:03:00,240 --> 00:03:04,000 Speaker 3: signs on cash flow from operations. 56 00:03:04,639 --> 00:03:06,959 Speaker 1: All right, raise money? What are they doing again? 57 00:03:07,600 --> 00:03:10,600 Speaker 4: They want to raise money to buy cryptop So it's 58 00:03:10,720 --> 00:03:11,920 Speaker 4: it's been a big creed. 59 00:03:12,400 --> 00:03:13,440 Speaker 1: It's been a big. 60 00:03:13,160 --> 00:03:15,919 Speaker 4: Thing sparking concerned conflicts of injured. So it's been a 61 00:03:15,960 --> 00:03:18,840 Speaker 4: big topic lately. So that's why we're bringing that up. 62 00:03:19,360 --> 00:03:21,799 Speaker 1: This wouldn't be and see if a level one is 63 00:03:21,840 --> 00:03:22,360 Speaker 1: an example. 64 00:03:24,639 --> 00:03:27,880 Speaker 4: Lastly, I also want to mention US Steel just because 65 00:03:27,880 --> 00:03:30,040 Speaker 4: their shares were up like twenty one percent on Friday, 66 00:03:30,160 --> 00:03:33,240 Speaker 4: huge jump. President Trump announced this partnership between the company 67 00:03:33,280 --> 00:03:36,600 Speaker 4: and Japan's nip On Steel before the bell the shares 68 00:03:36,600 --> 00:03:39,080 Speaker 4: have been little change. But this morning there was a 69 00:03:39,120 --> 00:03:41,680 Speaker 4: report though from Nike that nip On Steel considering giving 70 00:03:41,720 --> 00:03:44,800 Speaker 4: the US government golden shares as a way to move 71 00:03:44,880 --> 00:03:48,200 Speaker 4: forward with the acquisition of US Steel. The report says 72 00:03:48,320 --> 00:03:51,320 Speaker 4: nip On Steel considering different options, but it's not made 73 00:03:51,360 --> 00:03:53,760 Speaker 4: an actual proposal. But I just want to point that 74 00:03:53,800 --> 00:03:55,560 Speaker 4: out because of the big jump on Friday, and now 75 00:03:55,560 --> 00:03:59,520 Speaker 4: we're seeing a big difference in those shares. And finally, 76 00:03:59,600 --> 00:04:03,200 Speaker 4: PD you know that e commerce site Temo, right, We've 77 00:04:03,200 --> 00:04:06,680 Speaker 4: been talking a lot it, they own it. Their shares 78 00:04:06,720 --> 00:04:10,240 Speaker 4: have been down like twenty percent on their ADR's sharply, 79 00:04:10,280 --> 00:04:13,240 Speaker 4: lower quarterly profits, slowest revenue growth in three years. And 80 00:04:13,280 --> 00:04:16,000 Speaker 4: the reason why, yeah, tariff's threatening the business is Chinese 81 00:04:16,040 --> 00:04:18,600 Speaker 4: e commerce company. So their shares have really been taking 82 00:04:18,600 --> 00:04:19,520 Speaker 4: a hit this morning too. 83 00:04:20,880 --> 00:04:25,120 Speaker 2: The Stockmover's report from Bloomberg Radio. Check back with us 84 00:04:25,120 --> 00:04:27,960 Speaker 2: throughout the day for the latest roundup of companies making 85 00:04:28,000 --> 00:04:31,640 Speaker 2: news on Wall Street and for the latest market moving headlines. 86 00:04:31,839 --> 00:04:35,839 Speaker 2: Listen to Bloomberg Radio Live, catch us on YouTube, Bloomberg 87 00:04:35,880 --> 00:04:38,960 Speaker 2: dot com, and on Applecarplay and Android Auto with the 88 00:04:39,000 --> 00:04:40,359 Speaker 2: Bloomberg Business app.