1 00:00:02,520 --> 00:00:09,959 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The Stock Movers Report, 2 00:00:10,280 --> 00:00:13,520 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:16,200 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:16,480 --> 00:00:18,319 Speaker 2: Let's take a look at some of the stocks on 5 00:00:18,640 --> 00:00:22,000 Speaker 2: the move today. For that joined by Bloombergs touch on Na. 6 00:00:22,040 --> 00:00:23,599 Speaker 3: What are you looking at today, Well, we got to 7 00:00:23,640 --> 00:00:26,720 Speaker 3: talk about Meta shares. They are up by about three 8 00:00:26,800 --> 00:00:30,440 Speaker 3: percent after reports the social media Gina is planning layoffs 9 00:00:30,440 --> 00:00:34,200 Speaker 3: that could effect about twenty percent of its workforce or more. 10 00:00:34,600 --> 00:00:37,080 Speaker 3: No date has been set for discuts. The magnitude is 11 00:00:37,120 --> 00:00:41,320 Speaker 3: also a moving target. Nonetheless, in the world of aikopex 12 00:00:41,360 --> 00:00:44,839 Speaker 3: overshadowing everything else, a reduction in the labor force is 13 00:00:44,880 --> 00:00:48,000 Speaker 3: welcome by the market, particularly if it comes as a 14 00:00:48,000 --> 00:00:50,839 Speaker 3: result of AI productivity. But let's see more on that 15 00:00:50,880 --> 00:00:54,440 Speaker 3: when the company actually announces something. Again, this is based 16 00:00:54,440 --> 00:00:57,560 Speaker 3: on a Reuters report without a confirmation for the company. 17 00:00:57,760 --> 00:01:00,440 Speaker 3: Shares up by three percent this morning. Right, let's stay 18 00:01:00,600 --> 00:01:01,360 Speaker 3: in the tech space. 19 00:01:01,400 --> 00:01:02,680 Speaker 1: What do you have for number two? 20 00:01:02,840 --> 00:01:06,080 Speaker 3: Well, where we have a confirmation is actually metas deal 21 00:01:06,280 --> 00:01:10,559 Speaker 3: with Nebuus and we'll pay about as much as twenty 22 00:01:10,560 --> 00:01:13,280 Speaker 3: seven billion dollars over the next five years to access 23 00:01:13,880 --> 00:01:17,600 Speaker 3: AI infrastructure from the cloud provider as it spends aggressively 24 00:01:17,680 --> 00:01:22,040 Speaker 3: to compete for the top frontier models. Nebuus is a 25 00:01:22,120 --> 00:01:25,840 Speaker 3: Dutch company listed in the US and so called neocloud 26 00:01:25,920 --> 00:01:31,200 Speaker 3: that operates data centers and has a strategic partnership with Nvidia. Separately, 27 00:01:31,319 --> 00:01:34,160 Speaker 3: Meta also committed to buying as much as fifteen billion 28 00:01:34,200 --> 00:01:37,680 Speaker 3: dollars in additional capacity that the cloud provider is building 29 00:01:37,720 --> 00:01:40,800 Speaker 3: for third party clients. So all in all, this represents 30 00:01:40,840 --> 00:01:44,360 Speaker 3: one of the biggest single contracts for Meta, which tells 31 00:01:44,400 --> 00:01:47,400 Speaker 3: you you know, two things here that the AI trade 32 00:01:47,440 --> 00:01:49,560 Speaker 3: is alive and well in parts of the market, and 33 00:01:49,640 --> 00:01:52,440 Speaker 3: the second one that the war isn't really impact on 34 00:01:52,480 --> 00:01:54,800 Speaker 3: capex plans just yet, just yet. 35 00:01:54,880 --> 00:01:57,720 Speaker 2: Okay, the numbers are big, but that AI story really 36 00:01:57,760 --> 00:02:00,000 Speaker 2: gets me here because that just I think that pretends 37 00:02:00,080 --> 00:02:01,320 Speaker 2: other industries as well. 38 00:02:01,560 --> 00:02:03,559 Speaker 3: Yeah, I mean, obviously big time. 39 00:02:03,680 --> 00:02:05,760 Speaker 2: I mean, so I'm sticking with my strategy or my 40 00:02:05,840 --> 00:02:07,920 Speaker 2: call that it's a net destroyer of jobs, that being 41 00:02:07,960 --> 00:02:11,119 Speaker 2: AI versus a net creator. One more dollar. 42 00:02:10,919 --> 00:02:14,000 Speaker 3: Tree Dollar Tree shares are up by five percent, really 43 00:02:14,040 --> 00:02:17,120 Speaker 3: rebounding here from losses in the pre market on a 44 00:02:17,200 --> 00:02:20,399 Speaker 3: mixed annual outlook, which raised some doubts about its ability 45 00:02:20,440 --> 00:02:23,919 Speaker 3: to keep winning shoppers with low prices and sell projection 46 00:02:24,160 --> 00:02:28,119 Speaker 3: for this year of about twenty one billion dollars equates 47 00:02:28,160 --> 00:02:31,560 Speaker 3: to growth of about seven percent, and that is a 48 00:02:31,600 --> 00:02:35,480 Speaker 3: slowdown from a gain of ten percent last year overall 49 00:02:35,520 --> 00:02:39,760 Speaker 3: though for court to profits top to projections, so it 50 00:02:39,800 --> 00:02:42,440 Speaker 3: looks like the street is coming back saying that maybe 51 00:02:42,440 --> 00:02:45,760 Speaker 3: that outlook was just out of abundance of caution in 52 00:02:45,800 --> 00:02:50,080 Speaker 3: this tough environment. But man, with oil prices up so 53 00:02:50,160 --> 00:02:54,160 Speaker 3: much and other as you guys mentioned prices too, one 54 00:02:54,200 --> 00:02:57,840 Speaker 3: would have to really think that Dollar Tree would benefit 55 00:02:57,880 --> 00:02:58,079 Speaker 3: from that. 56 00:02:59,240 --> 00:03:03,280 Speaker 1: This stock move report from Bloomberg Radio. Check back with 57 00:03:03,360 --> 00:03:05,919 Speaker 1: us throughout the day for the latest roundup of companies 58 00:03:06,000 --> 00:03:09,079 Speaker 1: making news on Wall Street and for the latest market 59 00:03:09,120 --> 00:03:13,600 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 60 00:03:13,680 --> 00:03:17,160 Speaker 1: Bloomberg dot com, and on Applecarplay and Android Auto with 61 00:03:17,240 --> 00:03:18,720 Speaker 1: the Bloomberg Business app.