Speaker 1: Bloomberg Audio Studios, podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 1: Let's take a look at some stocks on the move today.
Speaker 2: For that, we're joined by Bloomberg's Christina Quino.
Speaker 1: Christine, what are you looking at today? All right, Paul,
Speaker 1: Let's start with Intel today. Those shares are roaring at
Speaker 1: the moments a ticker INTC shares extending now up nine
Speaker 1: point four percent on the day, and that is because
Speaker 1: Intel agreed to pay fourteen billion dollars to buy back
Speaker 1: half of a plant in Ireland. I don't know how
Speaker 1: you buy half of a plant, but Intel is doing it.
Speaker 1: They are buying it back from Apollo, was the previous buyer,
Speaker 1: and so apparently the transaction is going to be financed
Speaker 1: with cash in hand, as well as the issuance of
Speaker 1: about six and a half billion dollars in new debt.
Speaker 1: Now investors are thinking that this is a positive sign
Speaker 1: for Intel because they spent much of twenty twenty five
Speaker 1: in cost cutting mode. So the fact that they're spending
Speaker 1: money and investing in infrastructure, particularly as they try to
Speaker 1: get into the infrastructure space. That is all being taken
Speaker 1: positive by the market. Boy Frank Yery I worked with
Speaker 1: back in Solomon.
Speaker 2: He's the chairman of the board.
Speaker 1: And tell me about throw a phone call out the
Speaker 1: Frank and say what are you guys doing?
Speaker 2: Yeah, explain the strategy here is always smart.
Speaker 1: Well, I have a plan instead of a full plant.
Speaker 1: That's why I'd like to know.
Speaker 2: Maybe in due time. Let's talk about some defense contractors.
Speaker 1: Absolutely scarlet. Let's talk about Boeing in particular, because that's
Speaker 1: a big winner as well. Today, so ticker BA those
Speaker 1: shares also climbing on the day. They are now up.
Speaker 1: Let's have a look here, more than five percent, so
Speaker 1: extending some of those earlier games. And that is because
Speaker 1: the Pentagon announced a partnership with Boeing as well as
Speaker 1: Lockheed Martin to triple the production capacity of secrets for
Speaker 1: the Patriot Advanced Capability three missile segment enhancement. That is
Speaker 1: a lot of words to say missiles, but there you go.
Speaker 1: And so Boeing and now involved in this deal as well,
Speaker 1: again also saying that it's going to be a seven
Speaker 1: year agreement with Boeing, it's going to be part of
Speaker 1: its recent agreement with Lockheed to more than triple the
Speaker 1: output for these Patriots Seeker missiles and so annas are
Speaker 1: noting that the tripling of production is well in excess
Speaker 1: of I think it was initially an implied seven hundred
Speaker 1: and fifty per year in delivery in twenty thirty, which
Speaker 1: was earlier reference in October twenty twenty five. So those
Speaker 1: shares benefiting from that as well. Okay, very good. One more,
Speaker 1: let's take a look at Nike, big downer of a
Speaker 1: stock today, So took her n K again, those shares
Speaker 1: extending they're opening the clients. They are now down more
Speaker 1: than fourteen percent, so we know. Of course, Nike did
Speaker 1: have a disappointing forecast for the year ahead. They said
Speaker 1: that revenue is expected to decline in the current quarter.
Speaker 1: It's going to be down for the rest of the
Speaker 1: calendar year now. A Bloombering News exclusive also taking a
Speaker 1: look at this recording of an all hands staff meeting
Speaker 1: where the CEO, Elliott Hill, talking to staff basically airing
Speaker 1: his fresh about the situation. He said, quote, I am
Speaker 1: so tired, and I know you are too. You off
Speaker 1: talking about fixing the business. I want to move to
Speaker 1: inspiring and driving growth and having fun. But clearly divides
Speaker 1: are off there not having fun at the moment.
Speaker 2: The Stock Movers report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
Speaker 2: making news on Wall Street and for the latest market
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