WEBVTT - Closing Bell: Tesla Rises, Gemini's Big Debut, Drugmakers Fall

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

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<v Speaker 2>This is the closing bell on this stock mover's report

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<v Speaker 2>the company's making moves at the close of US trading

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<v Speaker 2>with Carol Masser, Tim Stenebeck, Romaine Bostick and Scarlet Food.

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<v Speaker 3>I'm looking at what happened today and it felt like

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<v Speaker 3>investors taking a bit of a breather. Three hundred and

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<v Speaker 3>eighty five names in the S and P five hundred

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<v Speaker 3>KTI lower in today's session, one hundred and sixteen to

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<v Speaker 3>the F side.

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<v Speaker 4>Well, let's talk to the circle about it and see

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<v Speaker 4>what the colors show. You can see that there is

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<v Speaker 4>kind of an even split when you look at it

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<v Speaker 4>that way. But on the absolute sector level, you had

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<v Speaker 4>four in the green, seven in the red. What did

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<v Speaker 4>do well today, as you can see technology that was

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<v Speaker 4>reflected in the NAZAQ one hundred as well, utilities also

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<v Speaker 4>having a good day. But then you take a look

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<v Speaker 4>at what didn't do too hot healthcare, materials, industrials leading

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<v Speaker 4>us lower on this Friday.

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<v Speaker 5>I'm sorry.

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<v Speaker 1>When you look at the circle, it speaks to you,

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<v Speaker 1>it does, okay, Yeah.

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<v Speaker 4>It just sort of open up my heart and my

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<v Speaker 4>ears and it.

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<v Speaker 5>Tells me what happens, and you're the only one who

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<v Speaker 5>can hear that.

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<v Speaker 3>All right, all right, let's get to some of the

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<v Speaker 3>individual gainers. Warner Brothers, Discovery folks adding on another seventeen

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<v Speaker 3>percent in today's session after about a twenty nine.

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<v Speaker 6>Percent gain yesterday. The stock I'm looking.

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<v Speaker 3>At, I think it's up about fifty six percent for

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<v Speaker 3>the week overall. Here and again this is just building on,

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<v Speaker 3>you know, since we've got that report that Paramount sky Dance,

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<v Speaker 3>the Hollywood studio taken over by independent filmmaker David Ellison,

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<v Speaker 3>has said or is said to be preparing a bit

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<v Speaker 3>for the company according to those in the notes. So

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<v Speaker 3>this stock, I think you're number one gainer in both

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<v Speaker 3>the S and P five hundred now's deck one hundred.

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<v Speaker 1>I find this fascinating though, I mean the run up,

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<v Speaker 1>I mean you mentioned the fifty it's like fifty six

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<v Speaker 1>percent jump. But the idea is that you're basically saying

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<v Speaker 1>that the combination or more important in the premium that

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<v Speaker 1>they would pay investors inc. It's going to be about

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<v Speaker 1>fifty six percent more than what it was earlier this week.

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<v Speaker 6>It's pretty amazing. I don't know.

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<v Speaker 3>I still think right you'd buy something and then sell

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<v Speaker 3>off some parts. It is a gamble, right, especially in

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<v Speaker 3>this environment where you see, how.

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<v Speaker 5>Do you have CNN and space.

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<v Speaker 7>CNN and CBS exists coexisting like I don't know if

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<v Speaker 7>there are news challenge.

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<v Speaker 1>I hate to break this to you, Tim, but what

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<v Speaker 1>never mind, go on. I don't want to get myself

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<v Speaker 1>in trouble.

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<v Speaker 6>It's a good question.

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<v Speaker 5>I've already gotten enough trouble this week.

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<v Speaker 4>Yeah, you canceled our weekly launches.

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<v Speaker 3>Anyway, go on, different networks, different audiences.

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<v Speaker 6>Okay, all right, whatever I mean.

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<v Speaker 7>I think they're regulatory, there are I think there are

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<v Speaker 7>regulatory questions about that.

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<v Speaker 5>Is there anymore? I don't know that are there is?

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<v Speaker 6>There's so many for.

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<v Speaker 3>David Ellison, Okay, okay, what are you saying you're gonna get?

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<v Speaker 6>You should stop talking now, all right. I don't want

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<v Speaker 6>you to get in trouble, all right.

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<v Speaker 3>Tesla also not performer and a top gainer in some

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<v Speaker 3>of the major equity averages today up about seven point

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<v Speaker 3>four percent.

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<v Speaker 6>Investors definitely watching.

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<v Speaker 3>To see how quickly the company can expand its robot

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<v Speaker 3>taxi service to other states. After it launched in Austin

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<v Speaker 3>and June to a small group of users, and I

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<v Speaker 3>got to point out if you haven't watched it, you

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<v Speaker 3>should definitely check out the B Tech teams interview with

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<v Speaker 3>the chair of the Tesla board, Robin Denholm.

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<v Speaker 6>They talk succession, the massive pay package.

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<v Speaker 3>Basically they're all in on elon continuing to run this

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<v Speaker 3>company through what they say, kind of our disruptive time.

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<v Speaker 6>So I think that's an interesting one.

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<v Speaker 3>Micron Technology, I might have been a record closed today,

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<v Speaker 3>so forgive me for not getting that in place, but

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<v Speaker 3>it's up.

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<v Speaker 5>Do not check this stuff before you come on now.

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<v Speaker 3>I get a lot of I don't know about you,

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<v Speaker 3>but I don't have minions like helping me do stuff.

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<v Speaker 1>Well, let me tell you I have the best minions

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<v Speaker 1>of the business, very much, which is why we get

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<v Speaker 1>lunch for them every day here at Bloomberg Television. And yes,

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<v Speaker 1>Micron record high best day since going public back.

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<v Speaker 6>In nine time.

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<v Speaker 3>I want to give you something to say, otherwise you

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<v Speaker 3>would feel so left out.

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<v Speaker 5>There you call on minions.

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<v Speaker 3>Micro and Technology up about four and a half or

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<v Speaker 3>cents record here analyst yesterday.

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<v Speaker 6>I know, but they aren't the minions I'm talking about.

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<v Speaker 3>Analyst Tatting, the chip maker's growth potential in the data

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<v Speaker 3>center market. Keep in mind this one reports September twenty third,

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<v Speaker 3>we've seen City boosting its price target.

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<v Speaker 6>There's a lot going on. I think this stock was

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<v Speaker 6>up about nineteen twenty percent for the year.

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<v Speaker 3>Just mentioning Gemini because if I don't remains going to

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<v Speaker 3>say something, it is up an ipo, another one in

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<v Speaker 3>the crypto's base, up fourteen percent here at the clothes

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<v Speaker 3>and Carteva because we just talked about up about one

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<v Speaker 3>point eight percent on that Wall Street Journal report that

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<v Speaker 3>maybe that it could separate into two separate companies.

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<v Speaker 1>Kind is also honorable mention. I know Tim has to

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<v Speaker 1>get through its decliners. But black Rock Coffee you miss it.

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<v Speaker 1>I mean you mentioned you mentioned that, I mean open

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<v Speaker 1>I had a what IPO at twenty closed today at

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<v Speaker 1>twenty seven sixty seven, great day.

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<v Speaker 6>Not the Larry Fink black Rock black Rock Coffee.

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<v Speaker 7>Yes, it's like a Dutch Bros. Drive through coffee Portland, Oregon.

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<v Speaker 5>Have they spoken with Larry think about this? They're okay

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<v Speaker 5>with this. I don't know about that.

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<v Speaker 4>There's a space in between black and Rock, so it

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<v Speaker 4>differentiates them.

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<v Speaker 5>Really, this is why I should have been a little

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<v Speaker 5>let's see lawyer.

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<v Speaker 6>There's always make out my gainer's list.

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<v Speaker 7>The people, the people.

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<v Speaker 5>Are you going to let Tim talk? Now? Thank you?

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<v Speaker 5>Go ahead.

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<v Speaker 7>People want to hear the declarators. I want to start

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<v Speaker 7>with the second worst performing stock in the S and

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<v Speaker 7>P five hundred today, mRNA Maderna on seven point four percent.

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<v Speaker 7>Shares fell after a report from The Washington Post said

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<v Speaker 7>that health officials and the Trump administration planned to link

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<v Speaker 7>COVID shots to the deaths of around two dozen children,

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<v Speaker 7>and a presentation to advisors to the CDC next week.

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<v Speaker 7>Shares down seven point four percent. Our age ended up

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<v Speaker 7>falling four point six percent in today's trade. The company

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<v Speaker 7>did cut its revenue forecasts fully for the full year,

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<v Speaker 7>the effect of tariffs the delay of its seasonal catalog.

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<v Speaker 7>Gary Friedman, who has been outspoken about tariffs over the

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<v Speaker 7>last few months, told analysts that the industry needs to

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<v Speaker 7>offer discounts to stay afloat due to the weak housing market.

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<v Speaker 7>Yeah was that his full quote? No, that wasn't his

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<v Speaker 7>full quote. Some God forbid they throw another tariff on furniture,

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<v Speaker 7>Friedman said on Thursday night. Someone has got to come

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<v Speaker 7>talk to us. Talk to me, call me run the

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<v Speaker 7>biggest luxury home brand.

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<v Speaker 5>In the world. That was verbatim, that was verbata.

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<v Speaker 6>Man I love that energy.

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<v Speaker 7>Yeah. Shares fell once again four point six percent, and

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<v Speaker 7>finally a check on open door after the week that

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<v Speaker 7>was shares up eight yesterday, following a little bit today

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<v Speaker 7>down fourteen percent, still the most actively traded stock in

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<v Speaker 7>the index. The excitement around the company release, the trading

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<v Speaker 7>around the company continues.

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<v Speaker 1>All right, let's take a quick look at yields here.

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<v Speaker 1>It was an interesting week for yields. They talk about

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<v Speaker 1>the idea of the trend line sort of reversing just

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<v Speaker 1>a little bit. Long term yield to lower for a

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<v Speaker 1>second straight week to the lowest level since April. Then

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<v Speaker 1>we should point out the short term yields rising for

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<v Speaker 1>the first time in five Overall, what you're looking at

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<v Speaker 1>there on your screen are the daily moves, and they

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<v Speaker 1>all are higher. And that, of course is a setup Carol.

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<v Speaker 1>As we head into the FEDS two day policy meeting

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<v Speaker 1>that starts on Tuesday.

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<v Speaker 2>This Stock Movers report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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