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 --> 00:00:16,480 Speaker 2: in the stock market, harnessing the power of Bloomberg Data. 4 00:00:16,680 --> 00:00:19,480 Speaker 1: I'm Jim Stadeveeck along with Carol Master. Let's take a 5 00:00:19,520 --> 00:00:22,040 Speaker 1: look at some stocks on the move this week. We 6 00:00:22,079 --> 00:00:27,280 Speaker 1: are joined by Bloomberg News Equities reporter Alexandra Semenova. Hey, 7 00:00:27,600 --> 00:00:28,880 Speaker 1: we saw you in California. 8 00:00:29,040 --> 00:00:30,520 Speaker 3: Yeah, it was great to be on the beach with 9 00:00:30,600 --> 00:00:32,519 Speaker 3: you guys. Wait back here in the studio. 10 00:00:32,760 --> 00:00:36,360 Speaker 4: Great big pictures of you as we walked over that bridge. 11 00:00:36,680 --> 00:00:38,640 Speaker 4: It's like there she was, Thank you so much. 12 00:00:38,680 --> 00:00:39,440 Speaker 3: That was a lot of fun. 13 00:00:39,520 --> 00:00:41,080 Speaker 4: It was really cool. It was really cool. It was 14 00:00:41,080 --> 00:00:44,240 Speaker 4: a fun thing. And yeah, future Proof was amazing. We 15 00:00:44,240 --> 00:00:46,479 Speaker 4: should can we say people should check out our weekend 16 00:00:46,760 --> 00:00:50,199 Speaker 4: broadcasting podcasts because we spent the whole show is all 17 00:00:50,240 --> 00:00:51,040 Speaker 4: about our future proven. 18 00:00:51,120 --> 00:00:54,400 Speaker 3: You guys did a phenomenal job with all the conversations. 19 00:00:53,680 --> 00:00:56,440 Speaker 4: Back at you. She did a panel like really good stuff. 20 00:00:56,880 --> 00:00:59,040 Speaker 1: The reason I brought up Futureproof is because we were 21 00:00:59,040 --> 00:01:02,920 Speaker 1: actually there the day that Oracle reported earnings, and this 22 00:01:03,280 --> 00:01:07,080 Speaker 1: was a day that saw shares move significantly when trading 23 00:01:07,120 --> 00:01:07,800 Speaker 1: up in the next day. 24 00:01:08,000 --> 00:01:08,240 Speaker 2: Yeah. 25 00:01:08,280 --> 00:01:13,319 Speaker 3: Absolutely. The stock is up twenty five percent for the week. 26 00:01:13,360 --> 00:01:16,280 Speaker 3: This is after it gave an aggressive outlook for its 27 00:01:16,319 --> 00:01:19,240 Speaker 3: cloud business. By the way, guys, it actually missed on earnings, 28 00:01:19,240 --> 00:01:21,720 Speaker 3: but it was all about what it said that was 29 00:01:21,760 --> 00:01:25,400 Speaker 3: forward looking, that was really exciting investors. It cemented its 30 00:01:25,440 --> 00:01:28,920 Speaker 3: place in the race to support demand for artificial intelligence, 31 00:01:28,959 --> 00:01:32,720 Speaker 3: So this enthusiasm over AI no signs of abating. The 32 00:01:32,760 --> 00:01:36,400 Speaker 3: company signed deals with major customers including Open AI and 33 00:01:36,560 --> 00:01:40,720 Speaker 3: Video and even TikTok Its cloud infrastructure business is expected 34 00:01:40,720 --> 00:01:45,360 Speaker 3: to expand seventy seven percent to eighteen billion dollars in 35 00:01:45,440 --> 00:01:47,840 Speaker 3: its fiscal year and reached one hundred and forty four 36 00:01:47,840 --> 00:01:51,440 Speaker 3: billion dollars in annual revenue by fiscal year ending May 37 00:01:51,480 --> 00:01:54,960 Speaker 3: twenty thirty. The stock searched thirty six percent, as you 38 00:01:55,000 --> 00:01:57,240 Speaker 3: mentioned him on Wednesday in New York, bringing its market 39 00:01:57,280 --> 00:01:59,880 Speaker 3: valuation to nine hundred and thirty three billion dollars. These 40 00:01:59,920 --> 00:02:03,080 Speaker 3: are just crazy numbers, especially when you have a company 41 00:02:03,280 --> 00:02:06,600 Speaker 3: that didn't actually reach analyst estimates on earnings. But again, 42 00:02:06,760 --> 00:02:10,040 Speaker 3: it's all about the future right now. This enthusiasm, this 43 00:02:10,400 --> 00:02:13,040 Speaker 3: I guess euphoria that is still very present in the markets. 44 00:02:13,080 --> 00:02:16,040 Speaker 3: And by the way, one interesting thing is it temporarily 45 00:02:16,080 --> 00:02:19,600 Speaker 3: turned its co founder Larry Ellison into the world's richest 46 00:02:19,639 --> 00:02:23,160 Speaker 3: person or a bit surpassing Elon Musk. 47 00:02:23,360 --> 00:02:24,480 Speaker 1: What do you think it felt like. 48 00:02:24,960 --> 00:02:28,280 Speaker 4: I don't know, it's been very cool. Two is kind 49 00:02:28,280 --> 00:02:28,680 Speaker 4: of cool? 50 00:02:28,880 --> 00:02:31,320 Speaker 1: Is I know? You can go to rich go on 51 00:02:31,320 --> 00:02:33,959 Speaker 1: the Bloomberg terminal and as a Friday afternoon when we're 52 00:02:33,960 --> 00:02:36,840 Speaker 1: doing this, we can see Elon Musk is, yes, the 53 00:02:36,840 --> 00:02:39,960 Speaker 1: wealthiest person in the world, but a close second is 54 00:02:40,280 --> 00:02:43,280 Speaker 1: Larry Ellison with three hundred and forty eight point eight billion. 55 00:02:43,440 --> 00:02:45,880 Speaker 1: Although this was just updated Elon's at foury eighteen point 56 00:02:46,080 --> 00:02:46,720 Speaker 1: six billion. 57 00:02:46,960 --> 00:02:48,760 Speaker 4: I mean oracle shoos are now up to seventy five 58 00:02:48,800 --> 00:02:49,480 Speaker 4: percent year to date. 59 00:02:49,560 --> 00:02:52,600 Speaker 1: I mean Larry Elison's wealth one hundred and fifty seven run. 60 00:02:52,680 --> 00:02:55,320 Speaker 4: Really it is a studying run. I so agree. And 61 00:02:55,320 --> 00:02:56,919 Speaker 4: it's a company that's been around for a long time. 62 00:02:57,040 --> 00:02:58,680 Speaker 4: That's just kind of interesting to see it jump on 63 00:02:58,680 --> 00:02:59,080 Speaker 4: that board. 64 00:03:00,000 --> 00:03:04,400 Speaker 3: Speaking of Larry Ellison, oh yes, another Ellison having a 65 00:03:04,560 --> 00:03:09,880 Speaker 3: very exciting week. Paramount the Hollywood Studio taken over in 66 00:03:09,919 --> 00:03:14,000 Speaker 3: August by Indiment independent filmmaker David Ellison, son of Larry 67 00:03:14,000 --> 00:03:18,400 Speaker 3: Ellison is preparing for a bid for its rival Warner Brothers. 68 00:03:18,440 --> 00:03:20,959 Speaker 3: This is according to people with knowledge of the matter. 69 00:03:21,639 --> 00:03:25,400 Speaker 3: Paramount is working on an office offer with an investment bank, 70 00:03:25,639 --> 00:03:28,799 Speaker 3: but is not having tox yet with Warner Brothers. This 71 00:03:28,840 --> 00:03:32,000 Speaker 3: is according to those people who asked not to be identified. 72 00:03:32,520 --> 00:03:35,280 Speaker 3: And one of my favorite stories about this deal is 73 00:03:35,840 --> 00:03:39,520 Speaker 3: an options trader is up about five million dollars after 74 00:03:39,600 --> 00:03:44,240 Speaker 3: taking a bullish position on this deal. He actually hedged 75 00:03:45,080 --> 00:03:49,320 Speaker 3: that trade by selling some of his calls on the 76 00:03:49,320 --> 00:03:52,120 Speaker 3: company before the news, but he's up five million dollars 77 00:03:52,160 --> 00:03:52,440 Speaker 3: right now. 78 00:03:52,480 --> 00:03:54,680 Speaker 1: Wow, I'll talk about pretty pretty time. 79 00:03:55,080 --> 00:03:56,320 Speaker 4: How long has he had this position? 80 00:03:56,720 --> 00:03:57,400 Speaker 2: I don't quite know. 81 00:03:57,440 --> 00:04:00,800 Speaker 3: That story is on the Bloomberg terminal by my colleague Goiter, 82 00:04:01,320 --> 00:04:04,320 Speaker 3: but really interesting seeing that he was able to game 83 00:04:04,920 --> 00:04:07,480 Speaker 3: this steal. And if you look at the company right now, 84 00:04:07,560 --> 00:04:10,760 Speaker 3: it is up twenty five percent for the week. That's 85 00:04:10,800 --> 00:04:14,200 Speaker 3: Paramount and Warner Brothers up about fifty six percent for 86 00:04:14,240 --> 00:04:14,560 Speaker 3: the week. 87 00:04:14,600 --> 00:04:16,960 Speaker 4: What a run. And we're still like TVD right. 88 00:04:16,960 --> 00:04:20,520 Speaker 3: Yeah, TBD. Unclear if this is actually going to happen, 89 00:04:20,560 --> 00:04:23,560 Speaker 3: but apparently, you know, seems like a lot of confidence 90 00:04:23,560 --> 00:04:24,880 Speaker 3: that this steal is closing. 91 00:04:24,960 --> 00:04:26,839 Speaker 4: You should to check the Bloomberg over the weekend just 92 00:04:26,880 --> 00:04:29,360 Speaker 4: in case there's some new developments. Apple. 93 00:04:29,720 --> 00:04:33,080 Speaker 3: Yeah, sticking with tech. Apple delayed the launch of its 94 00:04:33,120 --> 00:04:39,200 Speaker 3: iPhone Air in China, citing regulatory approval and some other issues. 95 00:04:39,240 --> 00:04:42,120 Speaker 3: This is a big setback for the company for its 96 00:04:42,360 --> 00:04:46,320 Speaker 3: obviously very high profile new product. Pre Orders for the 97 00:04:46,360 --> 00:04:50,760 Speaker 3: new models began on Friday, but the website in China 98 00:04:51,000 --> 00:04:54,000 Speaker 3: would not let customers in the region order this new 99 00:04:54,120 --> 00:04:56,480 Speaker 3: thinner version of the iPhone that everyone has been very 100 00:04:56,560 --> 00:05:00,479 Speaker 3: excited about. Previously, Apple had said that the newduct would 101 00:05:00,520 --> 00:05:03,880 Speaker 3: be available in China September twelfth to pre order, and 102 00:05:03,880 --> 00:05:07,640 Speaker 3: then on September nineteen then a bigger release. This is 103 00:05:07,839 --> 00:05:10,080 Speaker 3: just like it is in the US. But now that's 104 00:05:10,160 --> 00:05:12,599 Speaker 3: up for question and Apple not doing so well in 105 00:05:12,600 --> 00:05:12,920 Speaker 3: the week. 106 00:05:12,960 --> 00:05:15,680 Speaker 1: Okay, we only have to tip for one more twenty seconds. 107 00:05:15,720 --> 00:05:16,440 Speaker 1: Where do you want to go? 108 00:05:16,720 --> 00:05:19,919 Speaker 3: Let's go with Klarnet. IPOs are very much back. It 109 00:05:19,960 --> 00:05:22,120 Speaker 3: was at the forefront of one of the best weeks 110 00:05:22,120 --> 00:05:25,040 Speaker 3: of the year for US listings. You also had companies 111 00:05:25,720 --> 00:05:29,640 Speaker 3: like Circle, Figma obviously earlier this year, and then this 112 00:05:29,760 --> 00:05:33,680 Speaker 3: week Gemini, the Crypto Exchange, and we have Blackstone Ink 113 00:05:33,800 --> 00:05:37,800 Speaker 3: Engineering firm, Legions Corp. And Blackrock Coffee Bar. A lot 114 00:05:37,839 --> 00:05:41,280 Speaker 3: of IPOs are to keep up deal making is so back. 115 00:05:42,600 --> 00:05:46,640 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 116 00:05:46,720 --> 00:05:49,280 Speaker 2: us throughout the day for the latest roundup of companies 117 00:05:49,360 --> 00:05:52,480 Speaker 2: making news on Wall Street and for the latest market 118 00:05:52,480 --> 00:05:56,960 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 119 00:05:57,040 --> 00:06:00,400 Speaker 2: Bloomberg dot com, and on Applecarplay and andrew It Auto 120 00:06:00,480 --> 00:06:02,080 Speaker 2: with the Bloomberg Business app. 121 00:06:06,440 --> 00:06:06,840 Speaker 1: Mm hmm.