1 00:00:02,520 --> 00:00:07,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:09,920 --> 00:00:13,360 Speaker 2: This is the closing bell on this stock mover's report 3 00:00:13,600 --> 00:00:16,560 Speaker 2: the company's making moves at the close of US trading 4 00:00:16,800 --> 00:00:21,319 Speaker 2: with Carol Masser, Tim Stenebeck, Romaine Bostick and Scarlet Food. 5 00:00:22,640 --> 00:00:24,840 Speaker 3: I'm looking at what happened today and it felt like 6 00:00:24,880 --> 00:00:26,960 Speaker 3: investors taking a bit of a breather. Three hundred and 7 00:00:26,960 --> 00:00:28,680 Speaker 3: eighty five names in the S and P five hundred 8 00:00:28,720 --> 00:00:31,440 Speaker 3: KTI lower in today's session, one hundred and sixteen to 9 00:00:31,480 --> 00:00:32,080 Speaker 3: the F side. 10 00:00:32,120 --> 00:00:34,160 Speaker 4: Well, let's talk to the circle about it and see 11 00:00:34,240 --> 00:00:36,440 Speaker 4: what the colors show. You can see that there is 12 00:00:36,960 --> 00:00:38,680 Speaker 4: kind of an even split when you look at it 13 00:00:38,720 --> 00:00:41,520 Speaker 4: that way. But on the absolute sector level, you had 14 00:00:41,560 --> 00:00:44,319 Speaker 4: four in the green, seven in the red. What did 15 00:00:44,440 --> 00:00:48,120 Speaker 4: do well today, as you can see technology that was 16 00:00:48,159 --> 00:00:50,760 Speaker 4: reflected in the NAZAQ one hundred as well, utilities also 17 00:00:50,840 --> 00:00:52,839 Speaker 4: having a good day. But then you take a look 18 00:00:52,840 --> 00:00:56,880 Speaker 4: at what didn't do too hot healthcare, materials, industrials leading 19 00:00:57,520 --> 00:00:59,000 Speaker 4: us lower on this Friday. 20 00:00:59,080 --> 00:00:59,440 Speaker 5: I'm sorry. 21 00:00:59,480 --> 00:01:01,200 Speaker 1: When you look at the circle, it speaks to you, 22 00:01:01,320 --> 00:01:02,840 Speaker 1: it does, okay, Yeah. 23 00:01:02,680 --> 00:01:04,440 Speaker 4: It just sort of open up my heart and my 24 00:01:04,520 --> 00:01:05,200 Speaker 4: ears and it. 25 00:01:05,200 --> 00:01:07,000 Speaker 5: Tells me what happens, and you're the only one who 26 00:01:07,040 --> 00:01:07,440 Speaker 5: can hear that. 27 00:01:10,280 --> 00:01:12,240 Speaker 3: All right, all right, let's get to some of the 28 00:01:12,280 --> 00:01:16,200 Speaker 3: individual gainers. Warner Brothers, Discovery folks adding on another seventeen 29 00:01:16,200 --> 00:01:18,440 Speaker 3: percent in today's session after about a twenty nine. 30 00:01:18,319 --> 00:01:22,320 Speaker 6: Percent gain yesterday. The stock I'm looking. 31 00:01:22,080 --> 00:01:24,800 Speaker 3: At, I think it's up about fifty six percent for 32 00:01:24,880 --> 00:01:28,520 Speaker 3: the week overall. Here and again this is just building on, 33 00:01:28,840 --> 00:01:31,119 Speaker 3: you know, since we've got that report that Paramount sky Dance, 34 00:01:31,880 --> 00:01:35,399 Speaker 3: the Hollywood studio taken over by independent filmmaker David Ellison, 35 00:01:35,520 --> 00:01:38,080 Speaker 3: has said or is said to be preparing a bit 36 00:01:38,080 --> 00:01:40,039 Speaker 3: for the company according to those in the notes. So 37 00:01:40,760 --> 00:01:42,360 Speaker 3: this stock, I think you're number one gainer in both 38 00:01:42,400 --> 00:01:44,119 Speaker 3: the S and P five hundred now's deck one hundred. 39 00:01:44,160 --> 00:01:46,000 Speaker 1: I find this fascinating though, I mean the run up, 40 00:01:46,040 --> 00:01:47,960 Speaker 1: I mean you mentioned the fifty it's like fifty six 41 00:01:48,040 --> 00:01:50,240 Speaker 1: percent jump. But the idea is that you're basically saying 42 00:01:50,240 --> 00:01:52,640 Speaker 1: that the combination or more important in the premium that 43 00:01:52,680 --> 00:01:55,200 Speaker 1: they would pay investors inc. It's going to be about 44 00:01:55,280 --> 00:01:57,720 Speaker 1: fifty six percent more than what it was earlier this week. 45 00:01:57,800 --> 00:01:59,160 Speaker 6: It's pretty amazing. I don't know. 46 00:01:59,600 --> 00:02:01,760 Speaker 3: I still think right you'd buy something and then sell 47 00:02:01,800 --> 00:02:04,000 Speaker 3: off some parts. It is a gamble, right, especially in 48 00:02:04,040 --> 00:02:06,559 Speaker 3: this environment where you see, how. 49 00:02:06,480 --> 00:02:08,160 Speaker 5: Do you have CNN and space. 50 00:02:08,240 --> 00:02:11,920 Speaker 7: CNN and CBS exists coexisting like I don't know if 51 00:02:11,960 --> 00:02:13,560 Speaker 7: there are news challenge. 52 00:02:13,639 --> 00:02:15,880 Speaker 1: I hate to break this to you, Tim, but what 53 00:02:17,160 --> 00:02:18,640 Speaker 1: never mind, go on. I don't want to get myself 54 00:02:18,680 --> 00:02:19,040 Speaker 1: in trouble. 55 00:02:19,080 --> 00:02:19,679 Speaker 6: It's a good question. 56 00:02:19,720 --> 00:02:21,119 Speaker 5: I've already gotten enough trouble this week. 57 00:02:21,200 --> 00:02:23,120 Speaker 4: Yeah, you canceled our weekly launches. 58 00:02:23,160 --> 00:02:25,640 Speaker 3: Anyway, go on, different networks, different audiences. 59 00:02:25,680 --> 00:02:27,120 Speaker 6: Okay, all right, whatever I mean. 60 00:02:27,160 --> 00:02:29,720 Speaker 7: I think they're regulatory, there are I think there are 61 00:02:29,720 --> 00:02:30,880 Speaker 7: regulatory questions about that. 62 00:02:31,000 --> 00:02:33,160 Speaker 5: Is there anymore? I don't know that are there is? 63 00:02:33,160 --> 00:02:34,120 Speaker 6: There's so many for. 64 00:02:34,160 --> 00:02:37,880 Speaker 3: David Ellison, Okay, okay, what are you saying you're gonna get? 65 00:02:38,040 --> 00:02:41,160 Speaker 6: You should stop talking now, all right. I don't want 66 00:02:41,160 --> 00:02:42,200 Speaker 6: you to get in trouble, all right. 67 00:02:42,240 --> 00:02:44,840 Speaker 3: Tesla also not performer and a top gainer in some 68 00:02:44,880 --> 00:02:47,640 Speaker 3: of the major equity averages today up about seven point 69 00:02:47,680 --> 00:02:48,560 Speaker 3: four percent. 70 00:02:50,040 --> 00:02:51,519 Speaker 6: Investors definitely watching. 71 00:02:51,280 --> 00:02:53,480 Speaker 3: To see how quickly the company can expand its robot 72 00:02:53,600 --> 00:02:56,480 Speaker 3: taxi service to other states. After it launched in Austin 73 00:02:56,560 --> 00:02:58,280 Speaker 3: and June to a small group of users, and I 74 00:02:58,360 --> 00:03:00,079 Speaker 3: got to point out if you haven't watched it, you 75 00:03:00,080 --> 00:03:03,000 Speaker 3: should definitely check out the B Tech teams interview with 76 00:03:03,080 --> 00:03:05,560 Speaker 3: the chair of the Tesla board, Robin Denholm. 77 00:03:05,840 --> 00:03:07,960 Speaker 6: They talk succession, the massive pay package. 78 00:03:08,000 --> 00:03:12,040 Speaker 3: Basically they're all in on elon continuing to run this 79 00:03:12,160 --> 00:03:15,600 Speaker 3: company through what they say, kind of our disruptive time. 80 00:03:15,680 --> 00:03:17,080 Speaker 6: So I think that's an interesting one. 81 00:03:17,240 --> 00:03:20,560 Speaker 3: Micron Technology, I might have been a record closed today, 82 00:03:20,600 --> 00:03:22,840 Speaker 3: so forgive me for not getting that in place, but 83 00:03:22,880 --> 00:03:23,240 Speaker 3: it's up. 84 00:03:23,280 --> 00:03:25,040 Speaker 5: Do not check this stuff before you come on now. 85 00:03:25,040 --> 00:03:26,400 Speaker 3: I get a lot of I don't know about you, 86 00:03:26,440 --> 00:03:28,880 Speaker 3: but I don't have minions like helping me do stuff. 87 00:03:29,080 --> 00:03:31,480 Speaker 1: Well, let me tell you I have the best minions 88 00:03:31,520 --> 00:03:33,960 Speaker 1: of the business, very much, which is why we get 89 00:03:34,040 --> 00:03:37,280 Speaker 1: lunch for them every day here at Bloomberg Television. And yes, 90 00:03:37,560 --> 00:03:41,000 Speaker 1: Micron record high best day since going public back. 91 00:03:40,840 --> 00:03:41,280 Speaker 6: In nine time. 92 00:03:41,400 --> 00:03:43,520 Speaker 3: I want to give you something to say, otherwise you 93 00:03:43,560 --> 00:03:44,560 Speaker 3: would feel so left out. 94 00:03:44,520 --> 00:03:45,600 Speaker 5: There you call on minions. 95 00:03:45,640 --> 00:03:47,560 Speaker 3: Micro and Technology up about four and a half or 96 00:03:47,560 --> 00:03:50,119 Speaker 3: cents record here analyst yesterday. 97 00:03:50,200 --> 00:03:52,320 Speaker 6: I know, but they aren't the minions I'm talking about. 98 00:03:52,960 --> 00:03:55,400 Speaker 3: Analyst Tatting, the chip maker's growth potential in the data 99 00:03:55,440 --> 00:03:58,120 Speaker 3: center market. Keep in mind this one reports September twenty third, 100 00:03:58,760 --> 00:04:00,520 Speaker 3: we've seen City boosting its price target. 101 00:04:00,520 --> 00:04:02,000 Speaker 6: There's a lot going on. I think this stock was 102 00:04:02,080 --> 00:04:03,720 Speaker 6: up about nineteen twenty percent for the year. 103 00:04:04,240 --> 00:04:06,880 Speaker 3: Just mentioning Gemini because if I don't remains going to 104 00:04:06,920 --> 00:04:10,600 Speaker 3: say something, it is up an ipo, another one in 105 00:04:10,600 --> 00:04:12,600 Speaker 3: the crypto's base, up fourteen percent here at the clothes 106 00:04:12,680 --> 00:04:15,520 Speaker 3: and Carteva because we just talked about up about one 107 00:04:15,520 --> 00:04:18,200 Speaker 3: point eight percent on that Wall Street Journal report that 108 00:04:18,320 --> 00:04:20,279 Speaker 3: maybe that it could separate into two separate companies. 109 00:04:20,400 --> 00:04:22,320 Speaker 1: Kind is also honorable mention. I know Tim has to 110 00:04:22,320 --> 00:04:25,479 Speaker 1: get through its decliners. But black Rock Coffee you miss it. 111 00:04:26,200 --> 00:04:28,400 Speaker 1: I mean you mentioned you mentioned that, I mean open 112 00:04:28,440 --> 00:04:30,640 Speaker 1: I had a what IPO at twenty closed today at 113 00:04:30,640 --> 00:04:32,160 Speaker 1: twenty seven sixty seven, great day. 114 00:04:32,400 --> 00:04:35,080 Speaker 6: Not the Larry Fink black Rock black Rock Coffee. 115 00:04:35,200 --> 00:04:38,960 Speaker 7: Yes, it's like a Dutch Bros. Drive through coffee Portland, Oregon. 116 00:04:39,120 --> 00:04:41,039 Speaker 5: Have they spoken with Larry think about this? They're okay 117 00:04:41,040 --> 00:04:41,920 Speaker 5: with this. I don't know about that. 118 00:04:41,960 --> 00:04:44,479 Speaker 4: There's a space in between black and Rock, so it 119 00:04:44,680 --> 00:04:45,839 Speaker 4: differentiates them. 120 00:04:46,040 --> 00:04:48,000 Speaker 5: Really, this is why I should have been a little 121 00:04:48,120 --> 00:04:48,920 Speaker 5: let's see lawyer. 122 00:04:48,960 --> 00:04:50,920 Speaker 6: There's always make out my gainer's list. 123 00:04:51,000 --> 00:04:52,000 Speaker 7: The people, the people. 124 00:04:52,000 --> 00:04:53,880 Speaker 5: Are you going to let Tim talk? Now? Thank you? 125 00:04:54,120 --> 00:04:54,480 Speaker 5: Go ahead. 126 00:04:54,640 --> 00:04:56,280 Speaker 7: People want to hear the declarators. I want to start 127 00:04:56,279 --> 00:04:57,840 Speaker 7: with the second worst performing stock in the S and 128 00:04:57,880 --> 00:05:01,480 Speaker 7: P five hundred today, mRNA Maderna on seven point four percent. 129 00:05:01,520 --> 00:05:05,520 Speaker 7: Shares fell after a report from The Washington Post said 130 00:05:05,520 --> 00:05:08,080 Speaker 7: that health officials and the Trump administration planned to link 131 00:05:08,120 --> 00:05:10,320 Speaker 7: COVID shots to the deaths of around two dozen children, 132 00:05:10,360 --> 00:05:13,960 Speaker 7: and a presentation to advisors to the CDC next week. 133 00:05:14,800 --> 00:05:18,279 Speaker 7: Shares down seven point four percent. Our age ended up 134 00:05:18,320 --> 00:05:21,320 Speaker 7: falling four point six percent in today's trade. The company 135 00:05:21,320 --> 00:05:23,960 Speaker 7: did cut its revenue forecasts fully for the full year, 136 00:05:24,400 --> 00:05:27,320 Speaker 7: the effect of tariffs the delay of its seasonal catalog. 137 00:05:27,800 --> 00:05:31,160 Speaker 7: Gary Friedman, who has been outspoken about tariffs over the 138 00:05:31,200 --> 00:05:33,240 Speaker 7: last few months, told analysts that the industry needs to 139 00:05:33,240 --> 00:05:36,520 Speaker 7: offer discounts to stay afloat due to the weak housing market. 140 00:05:36,800 --> 00:05:39,000 Speaker 7: Yeah was that his full quote? No, that wasn't his 141 00:05:39,040 --> 00:05:42,400 Speaker 7: full quote. Some God forbid they throw another tariff on furniture, 142 00:05:42,480 --> 00:05:44,640 Speaker 7: Friedman said on Thursday night. Someone has got to come 143 00:05:44,680 --> 00:05:47,040 Speaker 7: talk to us. Talk to me, call me run the 144 00:05:47,040 --> 00:05:48,600 Speaker 7: biggest luxury home brand. 145 00:05:48,400 --> 00:05:51,080 Speaker 5: In the world. That was verbatim, that was verbata. 146 00:05:50,800 --> 00:05:51,839 Speaker 6: Man I love that energy. 147 00:05:52,040 --> 00:05:56,320 Speaker 7: Yeah. Shares fell once again four point six percent, and 148 00:05:56,360 --> 00:05:59,000 Speaker 7: finally a check on open door after the week that 149 00:05:59,200 --> 00:06:03,119 Speaker 7: was shares up eight yesterday, following a little bit today 150 00:06:03,200 --> 00:06:06,400 Speaker 7: down fourteen percent, still the most actively traded stock in 151 00:06:06,480 --> 00:06:10,000 Speaker 7: the index. The excitement around the company release, the trading 152 00:06:10,000 --> 00:06:11,080 Speaker 7: around the company continues. 153 00:06:11,480 --> 00:06:13,360 Speaker 1: All right, let's take a quick look at yields here. 154 00:06:13,760 --> 00:06:16,000 Speaker 1: It was an interesting week for yields. They talk about 155 00:06:16,040 --> 00:06:18,599 Speaker 1: the idea of the trend line sort of reversing just 156 00:06:18,640 --> 00:06:20,360 Speaker 1: a little bit. Long term yield to lower for a 157 00:06:20,440 --> 00:06:23,280 Speaker 1: second straight week to the lowest level since April. Then 158 00:06:23,400 --> 00:06:25,480 Speaker 1: we should point out the short term yields rising for 159 00:06:25,520 --> 00:06:28,400 Speaker 1: the first time in five Overall, what you're looking at 160 00:06:28,400 --> 00:06:30,120 Speaker 1: there on your screen are the daily moves, and they 161 00:06:30,120 --> 00:06:33,240 Speaker 1: all are higher. And that, of course is a setup Carol. 162 00:06:33,360 --> 00:06:35,840 Speaker 1: As we head into the FEDS two day policy meeting 163 00:06:35,880 --> 00:06:37,360 Speaker 1: that starts on Tuesday. 164 00:06:38,480 --> 00:06:42,520 Speaker 2: This Stock Movers report from Bloomberg Radio. Check back with 165 00:06:42,600 --> 00:06:45,160 Speaker 2: us throughout the day for the latest roundup of companies 166 00:06:45,240 --> 00:06:48,320 Speaker 2: making news on Wall Street and for the latest market 167 00:06:48,360 --> 00:06:52,839 Speaker 2: moving headlines, Listen to Bloomberg Radio Live. Catch us on YouTube, 168 00:06:52,920 --> 00:06:56,440 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 169 00:06:56,480 --> 00:06:58,000 Speaker 2: the Bloomberg Business app.