1 00:00:02,520 --> 00:00:07,000 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 --> 00:00:16,320 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,520 --> 00:00:18,239 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,280 --> 00:00:20,880 Speaker 2: For that, we're joined by Bloomberg's Christina Quino. 6 00:00:20,960 --> 00:00:22,840 Speaker 1: Christine, what are you looking at today? All right, Paul, 7 00:00:22,920 --> 00:00:25,920 Speaker 1: Let's start with Intel today. Those shares are roaring at 8 00:00:25,920 --> 00:00:29,840 Speaker 1: the moments a ticker INTC shares extending now up nine 9 00:00:29,880 --> 00:00:32,600 Speaker 1: point four percent on the day, and that is because 10 00:00:32,640 --> 00:00:36,600 Speaker 1: Intel agreed to pay fourteen billion dollars to buy back 11 00:00:36,880 --> 00:00:40,120 Speaker 1: half of a plant in Ireland. I don't know how 12 00:00:40,120 --> 00:00:42,120 Speaker 1: you buy half of a plant, but Intel is doing it. 13 00:00:42,159 --> 00:00:46,199 Speaker 1: They are buying it back from Apollo, was the previous buyer, 14 00:00:46,440 --> 00:00:48,839 Speaker 1: and so apparently the transaction is going to be financed 15 00:00:48,840 --> 00:00:51,040 Speaker 1: with cash in hand, as well as the issuance of 16 00:00:51,080 --> 00:00:53,640 Speaker 1: about six and a half billion dollars in new debt. 17 00:00:53,720 --> 00:00:56,200 Speaker 1: Now investors are thinking that this is a positive sign 18 00:00:56,240 --> 00:00:58,840 Speaker 1: for Intel because they spent much of twenty twenty five 19 00:00:58,920 --> 00:01:01,080 Speaker 1: in cost cutting mode. So the fact that they're spending 20 00:01:01,120 --> 00:01:04,720 Speaker 1: money and investing in infrastructure, particularly as they try to 21 00:01:04,760 --> 00:01:09,240 Speaker 1: get into the infrastructure space. That is all being taken 22 00:01:09,280 --> 00:01:12,840 Speaker 1: positive by the market. Boy Frank Yery I worked with 23 00:01:12,840 --> 00:01:13,479 Speaker 1: back in Solomon. 24 00:01:13,520 --> 00:01:14,440 Speaker 2: He's the chairman of the board. 25 00:01:14,480 --> 00:01:16,600 Speaker 1: And tell me about throw a phone call out the 26 00:01:16,600 --> 00:01:17,680 Speaker 1: Frank and say what are you guys doing? 27 00:01:17,880 --> 00:01:21,080 Speaker 2: Yeah, explain the strategy here is always smart. 28 00:01:21,080 --> 00:01:22,680 Speaker 1: Well, I have a plan instead of a full plant. 29 00:01:22,720 --> 00:01:23,560 Speaker 1: That's why I'd like to know. 30 00:01:23,760 --> 00:01:27,600 Speaker 2: Maybe in due time. Let's talk about some defense contractors. 31 00:01:27,040 --> 00:01:30,440 Speaker 1: Absolutely scarlet. Let's talk about Boeing in particular, because that's 32 00:01:30,480 --> 00:01:33,560 Speaker 1: a big winner as well. Today, so ticker BA those 33 00:01:33,600 --> 00:01:36,760 Speaker 1: shares also climbing on the day. They are now up. 34 00:01:37,200 --> 00:01:39,240 Speaker 1: Let's have a look here, more than five percent, so 35 00:01:39,319 --> 00:01:42,440 Speaker 1: extending some of those earlier games. And that is because 36 00:01:42,480 --> 00:01:45,080 Speaker 1: the Pentagon announced a partnership with Boeing as well as 37 00:01:45,080 --> 00:01:48,640 Speaker 1: Lockheed Martin to triple the production capacity of secrets for 38 00:01:48,720 --> 00:01:53,280 Speaker 1: the Patriot Advanced Capability three missile segment enhancement. That is 39 00:01:53,480 --> 00:01:55,880 Speaker 1: a lot of words to say missiles, but there you go. 40 00:01:56,480 --> 00:01:59,520 Speaker 1: And so Boeing and now involved in this deal as well, 41 00:01:59,640 --> 00:02:02,120 Speaker 1: again also saying that it's going to be a seven 42 00:02:02,200 --> 00:02:04,800 Speaker 1: year agreement with Boeing, it's going to be part of 43 00:02:04,840 --> 00:02:08,120 Speaker 1: its recent agreement with Lockheed to more than triple the 44 00:02:08,120 --> 00:02:11,840 Speaker 1: output for these Patriots Seeker missiles and so annas are 45 00:02:11,919 --> 00:02:15,000 Speaker 1: noting that the tripling of production is well in excess 46 00:02:15,040 --> 00:02:18,040 Speaker 1: of I think it was initially an implied seven hundred 47 00:02:18,040 --> 00:02:21,239 Speaker 1: and fifty per year in delivery in twenty thirty, which 48 00:02:21,280 --> 00:02:24,280 Speaker 1: was earlier reference in October twenty twenty five. So those 49 00:02:24,280 --> 00:02:26,799 Speaker 1: shares benefiting from that as well. Okay, very good. One more, 50 00:02:27,400 --> 00:02:30,120 Speaker 1: let's take a look at Nike, big downer of a 51 00:02:30,160 --> 00:02:33,520 Speaker 1: stock today, So took her n K again, those shares 52 00:02:33,760 --> 00:02:37,280 Speaker 1: extending they're opening the clients. They are now down more 53 00:02:37,360 --> 00:02:40,000 Speaker 1: than fourteen percent, so we know. Of course, Nike did 54 00:02:40,040 --> 00:02:42,640 Speaker 1: have a disappointing forecast for the year ahead. They said 55 00:02:42,680 --> 00:02:45,520 Speaker 1: that revenue is expected to decline in the current quarter. 56 00:02:45,600 --> 00:02:46,960 Speaker 1: It's going to be down for the rest of the 57 00:02:47,000 --> 00:02:51,560 Speaker 1: calendar year now. A Bloombering News exclusive also taking a 58 00:02:51,560 --> 00:02:55,360 Speaker 1: look at this recording of an all hands staff meeting 59 00:02:55,400 --> 00:02:59,560 Speaker 1: where the CEO, Elliott Hill, talking to staff basically airing 60 00:02:59,560 --> 00:03:02,639 Speaker 1: his fresh about the situation. He said, quote, I am 61 00:03:02,680 --> 00:03:04,560 Speaker 1: so tired, and I know you are too. You off 62 00:03:04,600 --> 00:03:07,240 Speaker 1: talking about fixing the business. I want to move to 63 00:03:07,360 --> 00:03:11,200 Speaker 1: inspiring and driving growth and having fun. But clearly divides 64 00:03:11,240 --> 00:03:13,640 Speaker 1: are off there not having fun at the moment. 65 00:03:14,919 --> 00:03:18,960 Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with 66 00:03:19,040 --> 00:03:21,600 Speaker 2: us throughout the day for the latest roundup of companies 67 00:03:21,680 --> 00:03:24,800 Speaker 2: making news on Wall Street and for the latest market 68 00:03:24,800 --> 00:03:29,280 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 69 00:03:29,360 --> 00:03:32,880 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 70 00:03:32,960 --> 00:03:34,440 Speaker 2: the Bloomberg Business app.