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Speaker 1: Bloomberg Audio Studios, podcasts, radio News.

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Speaker 2: The Stock Movers Report, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: Take a look and see what's happening in the marketplace.

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Speaker 2: Here we're going to go Tonita Sokova from Bloomberg newsdnitsa

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Speaker 2: what are you looking at here in the markets?

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Speaker 1: We have to start with Microsoft. Obviously the big story

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Speaker 1: of this morning. Microsoft and open Ai finalist this new agreement.

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Speaker 1: It's been in the works for a very long time.

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Speaker 1: The ticker, of course is MSFT. The SOCOs up as

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Speaker 1: much as four percent now it's about three percent, clearly

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Speaker 1: one of the big gainers in the SMP. This is

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Speaker 1: removing a layer of uncertainty for both companies. Then under

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Speaker 1: the new pack, Microsoft is getting twenty seven percent ownerships

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Speaker 1: take in open Ai and the price tag of that

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Speaker 1: is one hundred and thirty five billion. Of course, the

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Speaker 1: agreement clears society major obstacle for all Ai. The company

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Speaker 1: has spent so much time of this year working to

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Speaker 1: restructure and become this traditional for profit company, and that

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Speaker 1: has been an obstacle there. Microsoft will still have access

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Speaker 1: to artificial intelligence startup technology until twenty thirty two, including

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Speaker 1: models that achieve the benchmark of AI General Intelligent, Microsoft

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Speaker 1: will no longer have a right for first refusal on

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Speaker 1: open air compute. But the start up has made an

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Speaker 1: additional two hundred and fifty billion commitment to buy services.

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Speaker 3: So yeah, this is clearing a major obstacle.

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Speaker 1: The really strong reaction in the market, and still even

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Speaker 1: as indices are losing some of the gains there, the

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Speaker 1: reaction remains very positive.

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Speaker 3: And then it's a ups kind of two stories. They

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Speaker 3: had a strong profit but also big layoffs too.

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Speaker 1: Big layoffs, yes, but investors who have been reacting positively

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Speaker 1: to that, And obviously is the main number that has

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Speaker 1: really impressed the street is adjusted earnings that came at

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Speaker 1: one door seventy four cents, and the street was expecting

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Speaker 1: one door thirty two cents, So really big positive surprise there.

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Speaker 1: Of course, profit expectations are helping, but cutting costs and

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Speaker 1: eliminating thirty four thirty two thousand jobs has been a

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Speaker 1: major impact here. The tagories ups of course, and shares

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Speaker 1: are up about five percent. Actually, in urdered trading they

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Speaker 1: jumped as much as thirteen percent, so perhaps some of

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Speaker 1: that euphoria is fading. The cuts to its permanent operational

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Speaker 1: workforce includes drivers and package handlers, and some massive jump

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Speaker 1: from last year is a seventy percent increase from last year.

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Speaker 3: As part of the sweeping cost saving.

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Speaker 1: Initiative, UPS has closed a lot of operation ninety three

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Speaker 1: least and on buildings. The shares were under so much

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Speaker 1: pressure this year they were down twenty nine percent. Similar

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Speaker 1: story with FedEx, which was under a lot of trouble.

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Speaker 1: It actually in September it said that in this pate

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Speaker 1: a one billion headwind.

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Speaker 3: That'd say, we're seeing some relief for both companies.

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Speaker 1: Today, we're seeing some optimism for four quarter revenue higher

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Speaker 1: than the company previit is expected, but we're still with

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Speaker 1: the under pressure here today, so we're yet to see

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Speaker 1: if that earnings momentum can be maintained.

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Speaker 2: Really.

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Speaker 1: Finally, PayPal PayPal It's all open Ai story. PayPal share

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Speaker 1: search after announced a partnership with open Ai and of

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Speaker 1: course a pretty good earnings report. It boosted it's adjusted

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Speaker 1: earnings per share guidance for the full year. What we're

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Speaker 1: seeing is that PayPal raised its twenty twenty five just

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Speaker 1: earning per share forecast. It's about twenty cents higher than before.

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Speaker 1: The ticker, of course, is PYPL. The stock is about

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Speaker 1: eleven percent one of the beginners.

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Speaker 3: Today.

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Speaker 1: PayPal is instituting its first dividends It's fourteen cents per share,

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Speaker 1: so perhaps some of the optimism is coming from that

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Speaker 1: as well. The company announced the tie up with open Ai,

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Speaker 1: so they're gonna embed it's digitalality judge GPT. Obviously everyone

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Speaker 1: is using it for searches, and the idea is that

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Speaker 1: the company that users will be able to use PayPal

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Speaker 1: as a payment mental at the checkout and they will

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Speaker 1: also process venors as the instant checkout feature.

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Speaker 3: So perhaps really big partnership there. But yeah, big jump

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Speaker 3: on the news.

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