1 00:00:02,520 --> 00:00:10,440 Speaker 1: Bloomberg Audio Studios podcasts, radio news, The Stock Movers podcast, 2 00:00:10,800 --> 00:00:14,040 Speaker 1: your roundup of companies making moves in the stock market. 3 00:00:14,240 --> 00:00:18,479 Speaker 1: Harnessing the power of Bloomberg data. We're going to have 4 00:00:18,480 --> 00:00:20,479 Speaker 1: a very open stock Movers right now. 5 00:00:20,520 --> 00:00:23,439 Speaker 2: This is where Lisa Matteo tells us of stock movers 6 00:00:23,440 --> 00:00:27,000 Speaker 2: out for the Wonderful Stock Movers podcast. Lisa, who do 7 00:00:27,040 --> 00:00:27,720 Speaker 2: you start. 8 00:00:27,480 --> 00:00:28,080 Speaker 1: With this morning? 9 00:00:28,160 --> 00:00:29,720 Speaker 2: All right? Because of the newsflle that you were just 10 00:00:29,760 --> 00:00:32,680 Speaker 2: talking about, I want to start with commodities, companies related 11 00:00:32,720 --> 00:00:35,440 Speaker 2: to energy because oil is a rising right. Should we 12 00:00:35,479 --> 00:00:38,040 Speaker 2: have brin crewed up nearly eight percent? Earlier it was 13 00:00:38,120 --> 00:00:39,920 Speaker 2: up as much as thirteen percent. I mean the price 14 00:00:39,960 --> 00:00:42,880 Speaker 2: time you know that, like seventy eight dollars a barrel. 15 00:00:42,920 --> 00:00:46,440 Speaker 2: Lot's Onhio went so because of that, we're looking at 16 00:00:46,479 --> 00:00:51,000 Speaker 2: certain companies like for example, Exon ticker XOM up more 17 00:00:51,040 --> 00:00:53,920 Speaker 2: than two percent. There was some other news out this morning, 18 00:00:53,960 --> 00:00:56,120 Speaker 2: like it met with the President of Kazakhstan to talk 19 00:00:56,120 --> 00:00:59,080 Speaker 2: about oil and gas projects. But it's really everything going 20 00:00:59,080 --> 00:01:01,560 Speaker 2: on in the Middle East right affecting those shares and 21 00:01:01,560 --> 00:01:04,040 Speaker 2: it's not just Exon. You look at companies like Chevron, 22 00:01:04,080 --> 00:01:07,360 Speaker 2: their shares were up more than two percent, Occidental Petroleum, 23 00:01:07,440 --> 00:01:09,880 Speaker 2: kind of Goo, Phillips, Diamondback Energy. I mean, the list 24 00:01:09,920 --> 00:01:12,320 Speaker 2: goes on and on, but those shares are up. So 25 00:01:12,360 --> 00:01:15,520 Speaker 2: we hit oil. Now. If you go to gold, gold 26 00:01:15,680 --> 00:01:18,399 Speaker 2: stronger than any other currencies right now, we're so in 27 00:01:18,400 --> 00:01:21,720 Speaker 2: the last hour, correct, and it rose one percent. That's 28 00:01:21,760 --> 00:01:24,920 Speaker 2: actually the highest in more than a month because it's 29 00:01:24,920 --> 00:01:25,960 Speaker 2: seen at this safe haven. 30 00:01:26,080 --> 00:01:26,240 Speaker 1: Right. 31 00:01:26,280 --> 00:01:29,600 Speaker 2: So you have gold miner for example, Neumont, the ticker NEEM. 32 00:01:29,760 --> 00:01:32,520 Speaker 2: Their shares up more than one percent. You also look 33 00:01:32,520 --> 00:01:36,040 Speaker 2: at Australia's Northern Star, their shares up more than five percent. 34 00:01:36,360 --> 00:01:38,640 Speaker 2: So we have gold oil right. Then we go to 35 00:01:38,840 --> 00:01:41,800 Speaker 2: defense stocks. Those are on the move, yeah this morning. 36 00:01:41,880 --> 00:01:45,520 Speaker 2: So RTX Corp Corp for example, ticker RTX, their shares 37 00:01:45,520 --> 00:01:48,760 Speaker 2: have been up about four percent. You look at chairs 38 00:01:48,760 --> 00:01:51,960 Speaker 2: of Lockheed Martin LMT. They're up more than three percent. 39 00:01:52,320 --> 00:01:56,200 Speaker 2: And Israel actually relies on Lockheed for its primary attack jets, 40 00:01:56,240 --> 00:02:01,760 Speaker 2: so that's really important to them. Northrop Grumming, thank you, yep, 41 00:02:01,920 --> 00:02:08,160 Speaker 2: NLC yep take her NC their shares up four percent. 42 00:02:08,880 --> 00:02:11,080 Speaker 2: So we hit all those right, covering what's going on 43 00:02:11,120 --> 00:02:13,320 Speaker 2: with the news flow. But of course we have earnings too, 44 00:02:13,360 --> 00:02:17,000 Speaker 2: we can't forget about. So I wanted to start with Adobe. 45 00:02:17,000 --> 00:02:19,800 Speaker 2: There taker a dbe. Their shares have been down about 46 00:02:19,800 --> 00:02:22,480 Speaker 2: three percent. So here's the thing, right, It reported better 47 00:02:22,520 --> 00:02:26,160 Speaker 2: than expected revenue raise this annual outlook. But the problem 48 00:02:26,160 --> 00:02:28,160 Speaker 2: is that atis are saying, you know what generative AI 49 00:02:28,360 --> 00:02:31,440 Speaker 2: that could take away from business. That's what they're concerned is, 50 00:02:31,480 --> 00:02:34,760 Speaker 2: that's what they're worried about. So that's why their shares 51 00:02:34,760 --> 00:02:37,239 Speaker 2: are lower. And Adobe is really like this, it's a 52 00:02:37,360 --> 00:02:41,320 Speaker 2: central focus for inventors investors who are considering whether these 53 00:02:41,360 --> 00:02:44,560 Speaker 2: AI tools are going to impact software and industry leaders. 54 00:02:45,200 --> 00:02:47,079 Speaker 2: So you have like design applications like if you ever 55 00:02:47,200 --> 00:02:48,480 Speaker 2: use Canva, I don't know if you have. 56 00:02:48,560 --> 00:02:48,800 Speaker 1: I do. 57 00:02:50,200 --> 00:02:52,880 Speaker 2: It's Canva like image creation tools, so you can create 58 00:02:52,919 --> 00:02:56,000 Speaker 2: different designs using this program. And then you have AI 59 00:02:56,120 --> 00:03:00,360 Speaker 2: from mid journey like companies like those they're surging. Adobe 60 00:03:00,480 --> 00:03:03,560 Speaker 2: has put out you know, generative AI tools and Photoshop too, 61 00:03:04,520 --> 00:03:06,640 Speaker 2: So Adobe's really been in the headlights because people really 62 00:03:06,680 --> 00:03:09,360 Speaker 2: look to it to see that kind of flows, how 63 00:03:09,360 --> 00:03:12,320 Speaker 2: it's affecting AI. But their shows though have been down, 64 00:03:12,400 --> 00:03:14,600 Speaker 2: so it's a little bit of a disappointment because they're 65 00:03:14,600 --> 00:03:17,440 Speaker 2: hoping that AI could you know, generate of AI could 66 00:03:17,440 --> 00:03:19,560 Speaker 2: take away from its business and take away money from 67 00:03:19,600 --> 00:03:20,680 Speaker 2: the company. 68 00:03:21,600 --> 00:03:25,720 Speaker 1: The Stock Movers podcast from Bloomberg Radio. 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