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 00:00:16,320 --> 00:00:17,880 Speaker 3: Time Now for a look at some stocks on the 5 00:00:17,880 --> 00:00:21,079 Speaker 3: move today. Want to bring in Bloomberg's normal Linda for 6 00:00:21,239 --> 00:00:24,600 Speaker 3: that synopsis. Boy, oh boys, that getting beaten up today. 7 00:00:24,680 --> 00:00:27,080 Speaker 4: Oh it is a terrible brutal day for the company 8 00:00:27,120 --> 00:00:30,080 Speaker 4: right now, let's take her SNPs. We're seeing shares that 9 00:00:30,120 --> 00:00:34,080 Speaker 4: are seeing their worst day ever here, a down as 10 00:00:34,120 --> 00:00:36,519 Speaker 4: much as thirty six percent. And of course we know 11 00:00:36,560 --> 00:00:39,680 Speaker 4: this is a lot of involved within the trade concerns 12 00:00:39,680 --> 00:00:42,720 Speaker 4: that we were seeing of course with tariffs and everything here, 13 00:00:43,000 --> 00:00:46,239 Speaker 4: but potentially essentially with this company. The company warned that 14 00:00:46,240 --> 00:00:49,720 Speaker 4: the US export restrictions are contributing to a slowdown in China, 15 00:00:49,760 --> 00:00:51,560 Speaker 4: and we know, of course this is the largest market 16 00:00:51,560 --> 00:00:54,560 Speaker 4: for semiconductors. This is not what Wallstreet wants to hear, 17 00:00:54,600 --> 00:00:57,320 Speaker 4: of course, not with the company here wants the feel. 18 00:00:57,400 --> 00:01:00,400 Speaker 4: So you are seeing Wall Street really, you know, taking 19 00:01:00,400 --> 00:01:02,360 Speaker 4: a beating. This talk is taking a beating here as 20 00:01:02,360 --> 00:01:04,160 Speaker 4: we're here in trading today. But I mean, if you 21 00:01:04,160 --> 00:01:07,000 Speaker 4: look at the stock, it's not about eighteen percent year 22 00:01:07,040 --> 00:01:07,880 Speaker 4: to date here. 23 00:01:08,319 --> 00:01:10,600 Speaker 1: And we've seen, of course the indexes reach their highs 24 00:01:10,600 --> 00:01:12,560 Speaker 1: and have pared some of their gains, certainly for the 25 00:01:12,600 --> 00:01:15,039 Speaker 1: SMP and the NAZDAX. So let's stay with the downtrend 26 00:01:15,360 --> 00:01:17,480 Speaker 1: and take a look at CHEWY because that's not seeing 27 00:01:17,480 --> 00:01:18,440 Speaker 1: big losses too. 28 00:01:18,680 --> 00:01:21,279 Speaker 4: Also seeing big losses down as much as seventeen percent 29 00:01:21,319 --> 00:01:24,280 Speaker 4: in trading today. That's the biggest drop since March of 30 00:01:24,319 --> 00:01:27,440 Speaker 4: twenty twenty two. And this is after another outlook that 31 00:01:27,440 --> 00:01:30,240 Speaker 4: we're looking at here. They had a high expectations going 32 00:01:30,280 --> 00:01:33,440 Speaker 4: into the report. Wall Street was really ambitious here and 33 00:01:33,480 --> 00:01:35,200 Speaker 4: it seems as they failed to meet some of those 34 00:01:35,280 --> 00:01:38,920 Speaker 4: high hopes here. RBC is potentially are they're pointing toward 35 00:01:39,040 --> 00:01:42,840 Speaker 4: the idea that EBITA outlook was only maintained. They would 36 00:01:42,840 --> 00:01:44,600 Speaker 4: have liked to see a little bit more strength there. 37 00:01:44,600 --> 00:01:46,240 Speaker 4: But they're going to be paying attention to whether this 38 00:01:46,360 --> 00:01:49,840 Speaker 4: is due to conservative conservatism or an inflection and costs 39 00:01:49,920 --> 00:01:52,720 Speaker 4: or change in the pace of sponsored ads growth. So 40 00:01:52,880 --> 00:01:54,880 Speaker 4: lots to watch there, But I do want to end 41 00:01:54,880 --> 00:01:57,000 Speaker 4: in a name in the green despite the fact that 42 00:01:57,000 --> 00:01:59,960 Speaker 4: I'm wearing red today. Let's take a look at you 43 00:02:00,000 --> 00:02:02,760 Speaker 4: shares of Oracle. That's O RCL. Of course, this is 44 00:02:02,760 --> 00:02:05,120 Speaker 4: the story that we can't stop talking about today. Really 45 00:02:05,200 --> 00:02:08,280 Speaker 4: seeing some strong gains here, big strength up as much 46 00:02:08,280 --> 00:02:11,399 Speaker 4: as forty one percent. It's just a stellar, historic day here. 47 00:02:11,639 --> 00:02:13,040 Speaker 4: And of course we know that this is after the 48 00:02:13,080 --> 00:02:16,040 Speaker 4: company gave an aggressive outlook for its cloud business in particular. 49 00:02:16,360 --> 00:02:18,240 Speaker 4: This is really putting it in a place where it's 50 00:02:18,240 --> 00:02:20,720 Speaker 4: able to really be cemented in the racist support the 51 00:02:20,760 --> 00:02:23,799 Speaker 4: demand for a computing that we've been discussing so much 52 00:02:23,840 --> 00:02:26,880 Speaker 4: this year, and it seems like Ellie Larry Ellison has 53 00:02:26,919 --> 00:02:29,440 Speaker 4: pretty much told Musk to scoot over. He's now the 54 00:02:29,600 --> 00:02:34,560 Speaker 4: richest man right now, surpassing Elon Musk. So great day here, 55 00:02:34,600 --> 00:02:34,919 Speaker 4: for sure. 56 00:02:35,000 --> 00:02:36,520 Speaker 1: Feel like it's like the new and Video. I know 57 00:02:36,560 --> 00:02:38,840 Speaker 1: that they do different things, but it's like it's a 58 00:02:38,880 --> 00:02:40,960 Speaker 1: new in video. It's like the new Darling Stock. 59 00:02:41,040 --> 00:02:42,639 Speaker 4: Oh, I feel like Wall Street. You know, we love 60 00:02:42,639 --> 00:02:45,200 Speaker 4: a hot name. Everyone loves to have this new, sparkly, 61 00:02:45,240 --> 00:02:48,040 Speaker 4: shiny thing. And it does seem as though Oracle was 62 00:02:48,120 --> 00:02:50,000 Speaker 4: definitely in the game when it comes to that. 63 00:02:50,480 --> 00:02:53,200 Speaker 3: Larry Ellison, I knew you were going there because I 64 00:02:53,200 --> 00:02:56,040 Speaker 3: can't get over it. What at least on paper, earning 65 00:02:56,080 --> 00:02:58,360 Speaker 3: one hundred and one billion hours on one day. 66 00:02:58,760 --> 00:03:01,880 Speaker 4: Insane, I mean shareholders. I'm sure they're happy right now. 67 00:03:02,040 --> 00:03:04,680 Speaker 4: Very historic day. This is the biggest Interney game since 68 00:03:04,800 --> 00:03:08,720 Speaker 4: nineteen ninety two and highest interny level ever. 69 00:03:10,040 --> 00:03:14,280 Speaker 2: The Stockmovers Report from Bloomberg Radio. 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