WEBVTT - CoreWeave, Meta Strike Deal; Amazon CEO Letter; Constellation Brands Jumps 

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news.

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<v Speaker 2>The Stock Movers Report, your roundup of companies making moves

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<v Speaker 2>in the stock market, harnessing the power of Bloomberg Data.

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<v Speaker 1>Let's take a look at some stocks on the move today.

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<v Speaker 1>Why do you have Alexi?

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<v Speaker 3>I am fired up because there's a big deal here

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<v Speaker 3>between core Weave and Meta. First, I just want to

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<v Speaker 3>say core Weave was up about seven and a half

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<v Speaker 3>percent after what I'm just about to say was announced.

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<v Speaker 3>It's now up just about one percent, so definitely losing

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<v Speaker 3>some steam. But Corewave has struck a twenty one billion

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<v Speaker 3>dollar deal to supply computing power to Meta platforms. These

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<v Speaker 3>two already had a deal, so this is just really

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<v Speaker 3>an expansion. This is going to go through the year

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<v Speaker 3>twenty thirty two. So core Weave will provide AI cloud

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<v Speaker 3>capacity to Meta from multiple data centers, powered in part

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<v Speaker 3>by Nvidia's AI chips. So let's get Nvidia in there too, right.

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<v Speaker 3>Of course, it builds on that fourteen billion dollar agreement

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<v Speaker 3>the companies had previously reached that ran through twenty thirty one.

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<v Speaker 1>Okay, I'm lost Livingston, New Jersey. Love it. Five hundred

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<v Speaker 1>and fifty employees. This is not a Dow Jones Industrial

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<v Speaker 1>average component is no.

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<v Speaker 4>But they've got some awesome technology. I'm just that's what

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<v Speaker 4>man Deep tells me. He says they've got awesome technology.

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<v Speaker 4>On agran is telling me the same thing. So, yeah, Livingston,

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<v Speaker 4>New Jersey, great spot there, but yeah, that's the tech

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<v Speaker 4>people want.

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<v Speaker 3>So this core weef, Yeah, that is all in on

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<v Speaker 3>core weave. All right, let's move over to Amazon. It's

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<v Speaker 3>up one and a half percent here This morning, Andy Jasse,

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<v Speaker 3>the CEO, out with the company's annual shareholder letter. There's

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<v Speaker 3>a bunch of nuggets in there. He said that the

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<v Speaker 3>company would use the next year to focus on expanding

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<v Speaker 3>rural delivery. They're going to invest heavily in robotics and

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<v Speaker 3>generative AI. Surprise, surprise, He actually announced plans to invest

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<v Speaker 3>two hundred billion in CAPEX in this year. Actually largely

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<v Speaker 3>focused on AI, which he calls it once in a generation,

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<v Speaker 3>you know, technological shift.

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<v Speaker 1>They don't deliver books like they used to know.

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<v Speaker 5>They used to be wrapped. You get them perfect in pristine.

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<v Speaker 5>Oh my god, Jeff Bezos, how did you do that?

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<v Speaker 5>And now book after book after book, it's the packaging.

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<v Speaker 4>Here's cappecs numbers time you like Capex, Yeah, twenty twenty

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<v Speaker 4>two Capex for Amazon sixty billion dollars this year two

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<v Speaker 4>hundred billion.

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<v Speaker 1>Is you were just reporting? Seriously, they've changed the economy

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<v Speaker 1>in New Jersey, un Philadelphyeah. Absolutely. Fulfillment centers everywhere. Have

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<v Speaker 1>they set the wage? I think so.

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<v Speaker 4>I think people say, what's some minimum wage? I say

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<v Speaker 4>whatever Amazon's say exactly.

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<v Speaker 1>I can't say enough, folks, the impact here. You're on

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<v Speaker 1>fire today.

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<v Speaker 3>You're all all right, well, let's go three for three

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<v Speaker 3>Constellation brands.

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<v Speaker 1>Okay, this is tech.

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<v Speaker 3>This company is down about one percent or eight down

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<v Speaker 3>eighteen percent over the past year, projected slower than expected

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<v Speaker 3>growth for its beer business. Now, this is the company

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<v Speaker 3>behind Modello and Corona.

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<v Speaker 4>See that a lotdell, You do what?

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<v Speaker 3>Modello is now the top selling beer in the country,

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<v Speaker 3>wand that it unseated bud Light. But still, I mean

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<v Speaker 3>overall the beer category is weakening. And remember Constellation sold

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<v Speaker 3>off several wine brands last year because wine had been

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<v Speaker 3>especially hit hard by the younger generation. Right, younger folks

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<v Speaker 3>not drinking as much, including Line.

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<v Speaker 4>There's all those silly things that the white claws and

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<v Speaker 4>I don't.

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<v Speaker 3>Yeah, I just cannot get into it.

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<v Speaker 5>A few years ago, ten six hundred employees Western New York, Rochester,

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<v Speaker 5>the Sands family started, They're going to We're do like

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<v Speaker 5>a beverage thing. And it started out way back Constellation Brands.

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<v Speaker 1>Oh, is that just started? I didn't.

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<v Speaker 5>I just kept getting more genormous and genormous and this

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<v Speaker 5>is Richard Sands, but it's it's one.

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<v Speaker 1>Of those story.

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<v Speaker 3>It started out and then they became thishemoth of like

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<v Speaker 3>alcohol and alcohol behemoth.

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<v Speaker 5>They are like it gets these having white hots on

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<v Speaker 5>Zweigel white hats, and you know, they said, let's start

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<v Speaker 5>a company where we distribute beverages.

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<v Speaker 1>Yep.

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<v Speaker 3>Yeah, Well their outlook wasn't too grad either. Came in

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<v Speaker 3>below estimates, so market pushing Constellation Brands down, like I said,

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<v Speaker 3>about one percent right now.

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