1 00:00:02,520 --> 00:00:09,960 Speaker 1: Bloomberg Audio Studios, podcasts, radio News, The Stock Movers Report, 2 00:00:10,240 --> 00:00:13,440 Speaker 1: your roundup of companies making moves in the stock market, 3 00:00:13,680 --> 00:00:17,480 Speaker 1: harnessing the power of Bloomberg Data. Let's take a look 4 00:00:17,520 --> 00:00:19,119 Speaker 1: at some stocks on the move today. 5 00:00:19,360 --> 00:00:22,960 Speaker 2: I'm Tim Keen with Paul Sweeney and Bloomberg's Lisa Motel. 6 00:00:23,239 --> 00:00:24,080 Speaker 2: You got it, okay. 7 00:00:24,239 --> 00:00:27,360 Speaker 3: I want to start with Invidia NVDA, if their shares 8 00:00:27,400 --> 00:00:27,800 Speaker 3: have been. 9 00:00:27,640 --> 00:00:29,800 Speaker 2: Down more than one and a half percent. And this 10 00:00:29,880 --> 00:00:30,480 Speaker 2: is what's happening. 11 00:00:30,560 --> 00:00:33,200 Speaker 3: A filing is showing that Peter Teel's hedge Funteal macro 12 00:00:33,320 --> 00:00:36,040 Speaker 3: it sold off its holdings in Nvidia during the third quarter. 13 00:00:36,560 --> 00:00:39,159 Speaker 2: And how much are we talking. We'll get to the numbers. 14 00:00:39,280 --> 00:00:43,520 Speaker 3: Offloaded its entire position five hundred thirty seven seven hundred 15 00:00:43,520 --> 00:00:46,240 Speaker 3: and forty two shares. It would have been worth about 16 00:00:46,240 --> 00:00:49,360 Speaker 3: one hundred million based on the closing price from September thirtieth. 17 00:00:50,120 --> 00:00:52,880 Speaker 3: Its main bets are now Apple, Microsoft and a reduced 18 00:00:52,880 --> 00:00:55,760 Speaker 3: steak in Tesla. But it's really the timing of all 19 00:00:55,800 --> 00:00:59,920 Speaker 3: this right, rising concerns about the AI bubble investment bubbles 20 00:01:00,120 --> 00:01:02,680 Speaker 3: off Bank also announced that it's sold off as shares of Nvidia, 21 00:01:02,800 --> 00:01:05,640 Speaker 3: So that has people concerned, and the shares are lower 22 00:01:05,720 --> 00:01:11,680 Speaker 3: this morning. Aside from that, we have Alphabet taker Gogl. 23 00:01:10,720 --> 00:01:12,160 Speaker 2: I know, I know, here we go. 24 00:01:12,520 --> 00:01:14,600 Speaker 3: So their shares of en up as much as five 25 00:01:14,640 --> 00:01:17,039 Speaker 3: percent before the bell. They're actually the biggest gainer of 26 00:01:17,040 --> 00:01:19,919 Speaker 3: the mag seven tech stocks this morning. The reason why 27 00:01:20,000 --> 00:01:22,440 Speaker 3: you talked about it, Warren Buffett's Berkshire Hathway took a 28 00:01:22,480 --> 00:01:25,520 Speaker 3: stake in the company last quarter. A filing shows that 29 00:01:25,600 --> 00:01:30,399 Speaker 3: acquired seventeen point nine million shares. A side note, Berkshire 30 00:01:30,440 --> 00:01:33,280 Speaker 3: also further trim this holdings in Bank of America and Apple. 31 00:01:33,600 --> 00:01:36,600 Speaker 3: But to get back to Alphabet, other news giving kind 32 00:01:36,600 --> 00:01:39,319 Speaker 3: of the shares of boost, Google announced plans to invest 33 00:01:39,400 --> 00:01:43,720 Speaker 3: forty billion dollars in three new Texas data centers, boosting 34 00:01:43,760 --> 00:01:46,240 Speaker 3: AI computing power. I was talking a lot of AI 35 00:01:46,360 --> 00:01:50,520 Speaker 3: this morning and usually every morning. And finally news multimedia 36 00:01:50,560 --> 00:01:54,560 Speaker 3: company e W Scripts Okay, it's ticker SSP up as 37 00:01:54,640 --> 00:01:58,040 Speaker 3: much as twenty three percent, So Sinclair took an eight 38 00:01:58,040 --> 00:02:00,240 Speaker 3: point two percent taking the company was part of this 39 00:02:00,280 --> 00:02:03,680 Speaker 3: potential merger strategy. They're apparently been talking about it for months. 40 00:02:04,040 --> 00:02:05,960 Speaker 3: They estimate the strategy will result in more than three 41 00:02:06,040 --> 00:02:08,520 Speaker 3: hundred million annual synergies. 42 00:02:08,680 --> 00:02:11,280 Speaker 2: But they say we're going to protect the company. It's 43 00:02:11,320 --> 00:02:13,959 Speaker 2: one big industry rolled up, is what we're talking about. 44 00:02:13,800 --> 00:02:17,359 Speaker 4: Right, Yeah, this is TV station business there and Sinclair's 45 00:02:17,639 --> 00:02:20,760 Speaker 4: one of the largest along with next Star. And Sinclair 46 00:02:20,760 --> 00:02:22,960 Speaker 4: has been a big supporter of President Trump and they're 47 00:02:23,360 --> 00:02:27,400 Speaker 4: expecting that that support will translate into some favorable treatment 48 00:02:27,440 --> 00:02:29,800 Speaker 4: of some more consolidation in the TV business. 49 00:02:30,040 --> 00:02:34,359 Speaker 2: I don't know, it's just ongoing. I was absolutely dazzled 50 00:02:34,360 --> 00:02:35,000 Speaker 2: this weekend. 51 00:02:35,120 --> 00:02:36,320 Speaker 3: It's all streaming thing. 52 00:02:36,520 --> 00:02:37,600 Speaker 4: Yeah at home. 53 00:02:37,760 --> 00:02:39,799 Speaker 2: I mean it's just the choices. 54 00:02:40,160 --> 00:02:42,880 Speaker 4: Yeah, absolutely have. But you've got to be smart to 55 00:02:42,880 --> 00:02:45,560 Speaker 4: figure out where things are. I mean they're all. 56 00:02:45,080 --> 00:02:48,679 Speaker 3: Over the place, frustrated when it comes to sports, especially 57 00:02:49,480 --> 00:02:54,080 Speaker 3: where okay quick one yeah, oh sealed air see oh 58 00:02:54,160 --> 00:02:56,480 Speaker 3: yeah down as much as three percent? So c D 59 00:02:56,639 --> 00:02:58,480 Speaker 3: And are they agreed to buy? It's the bubble Wrap, 60 00:02:58,840 --> 00:03:02,840 Speaker 3: Clayton Air, Thank you, Clayton Double and Rice. It's a 61 00:03:02,880 --> 00:03:05,240 Speaker 3: deal valuing the packaging company six point two billion. 62 00:03:06,280 --> 00:03:06,919 Speaker 2: Bubble Wrap. 63 00:03:07,000 --> 00:03:09,840 Speaker 3: In case you didn't know how it started, Okay, the 64 00:03:09,919 --> 00:03:12,680 Speaker 3: engineers actually did this new wall covering. It was like 65 00:03:12,800 --> 00:03:17,280 Speaker 3: laminated two plastic sheets with bubbles. It failed people didn't 66 00:03:17,320 --> 00:03:19,520 Speaker 3: like it, so they said, hey, we can use this 67 00:03:19,840 --> 00:03:21,200 Speaker 3: for something else, for packaging. 68 00:03:21,240 --> 00:03:24,320 Speaker 2: So yeah, all the bubble reps. So we sit there 69 00:03:24,320 --> 00:03:26,359 Speaker 2: and pop the bubbles off at rist this morning. It's 70 00:03:26,440 --> 00:03:29,679 Speaker 2: so soothing. I have to tell you I have a 71 00:03:29,760 --> 00:03:33,160 Speaker 2: blaws it with bubble rep that you're going to use someday, 72 00:03:33,560 --> 00:03:36,640 Speaker 2: just in case when I'm stressed out. You grab it 73 00:03:36,680 --> 00:03:37,680 Speaker 2: and you just pop away. 74 00:03:38,840 --> 00:03:42,880 Speaker 1: The stock Mover's report from Bloomberg Radio. Check back with 75 00:03:42,960 --> 00:03:45,520 Speaker 1: us throughout the day for the latest roundup of companies 76 00:03:45,600 --> 00:03:48,720 Speaker 1: making news on Wall Street and for the latest market 77 00:03:48,720 --> 00:03:53,200 Speaker 1: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 78 00:03:53,280 --> 00:03:56,800 Speaker 1: Bloomberg dot com, and on applecarplay and Android Auto with 79 00:03:56,880 --> 00:03:58,360 Speaker 1: the Bloomberg Business app.