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 --> 00:00:16,480 Speaker 1: harnessing the power of Bloomberg Data. 4 00:00:17,520 --> 00:00:21,880 Speaker 2: Busy economic day for stock movers, of course you've got 5 00:00:21,880 --> 00:00:23,400 Speaker 2: to take a look at that. I'm Tom Keene with 6 00:00:23,440 --> 00:00:26,920 Speaker 2: Well Sweeney and Lisa Mateo with us with the Stock Movers. Lisa, 7 00:00:26,960 --> 00:00:27,240 Speaker 2: what do you have? 8 00:00:27,320 --> 00:00:29,160 Speaker 3: All right? So we're starting with Nvidia because that's leading 9 00:00:29,200 --> 00:00:32,040 Speaker 3: the mag seven stocks before the bell, a big part 10 00:00:32,040 --> 00:00:34,000 Speaker 3: of the equity rally over the past month, and video 11 00:00:34,080 --> 00:00:37,320 Speaker 3: serves more than thirty five percent. But the big news 12 00:00:37,400 --> 00:00:40,680 Speaker 3: is at Saudi Arabia the UAE. They are set to 13 00:00:40,720 --> 00:00:43,960 Speaker 3: win wider access to advanced AI chips. So in video 14 00:00:44,440 --> 00:00:47,159 Speaker 3: they're such as supply chips to Saudi Arabian AI company 15 00:00:47,280 --> 00:00:51,160 Speaker 3: Humane for a massive data center project. And Video shares 16 00:00:51,200 --> 00:00:53,320 Speaker 3: have been up as much as just about three percent 17 00:00:53,400 --> 00:00:55,760 Speaker 3: before the bell, but the deals they're all taking shape. 18 00:00:55,800 --> 00:00:59,080 Speaker 3: President Trump visits the Middle East, who's also seeing a 19 00:00:59,080 --> 00:01:02,400 Speaker 3: push though from it. This expansion is super micro Computer. 20 00:01:02,640 --> 00:01:05,480 Speaker 3: Their shares have been up as much as fifteen percent 21 00:01:05,560 --> 00:01:07,600 Speaker 3: before the bell. This is even after a big rally 22 00:01:07,600 --> 00:01:10,960 Speaker 3: they had yesterday Saudi data center company data Vault. They 23 00:01:11,040 --> 00:01:14,080 Speaker 3: signed a multi year partnership with the company, so data 24 00:01:14,080 --> 00:01:16,840 Speaker 3: Fault saying it's it's valued at about twenty billion dollars. They're 25 00:01:16,840 --> 00:01:19,480 Speaker 3: saying it's going to deepen the ties between the two companies, 26 00:01:19,560 --> 00:01:22,960 Speaker 3: this commitment to AI data center solutions on top of it, 27 00:01:23,040 --> 00:01:25,040 Speaker 3: what else do you okay? So where we are seeing 28 00:01:25,080 --> 00:01:28,200 Speaker 3: a turnaround this morning? This is United Health. Their shares 29 00:01:28,280 --> 00:01:31,479 Speaker 3: fell eighteen percent yesterday, shaved about sixty one billion dollars 30 00:01:31,520 --> 00:01:35,200 Speaker 3: off its market value. It's CEO suddenly stepped down for 31 00:01:35,240 --> 00:01:37,680 Speaker 3: what he called personal reasons. The company pulled its full 32 00:01:37,760 --> 00:01:40,120 Speaker 3: year guidance. A big part of the reason why the 33 00:01:40,160 --> 00:01:42,760 Speaker 3: Dow was lower yesterday was because of this. It was 34 00:01:42,800 --> 00:01:44,280 Speaker 3: once regarded as safe bet for. 35 00:01:44,280 --> 00:01:45,679 Speaker 1: Investors, safe book. 36 00:01:45,760 --> 00:01:47,800 Speaker 3: Yeah it was, and that was That's what are already saying. 37 00:01:47,840 --> 00:01:50,080 Speaker 3: So before the Bell's shares have been higher. So it's 38 00:01:50,120 --> 00:01:52,040 Speaker 3: starting to see a rebound. We're up as much as 39 00:01:52,080 --> 00:01:55,720 Speaker 3: three percent. The new ceo, it's actually the former CEO, 40 00:01:55,800 --> 00:02:00,240 Speaker 3: Stephen Hemsley. He's getting a one time sixty million outer 41 00:02:00,320 --> 00:02:03,080 Speaker 3: equity award on top of the one million base salary. 42 00:02:03,120 --> 00:02:08,839 Speaker 2: So it's trading should be polite. It twelve times right, 43 00:02:08,880 --> 00:02:12,440 Speaker 2: p is twelve Yep, that's amazing. 44 00:02:11,880 --> 00:02:16,520 Speaker 3: Exactly all times exactly, Big Big yesterday, Oh most definitely 45 00:02:17,160 --> 00:02:19,880 Speaker 3: and Ho's and come back to is Burbery. Their shares 46 00:02:19,960 --> 00:02:22,680 Speaker 3: up as much as fifteen percent in London, so it 47 00:02:22,760 --> 00:02:24,880 Speaker 3: beats sales estimates. The Big News is going to cut 48 00:02:24,919 --> 00:02:27,480 Speaker 3: about eighteen percent of its workforce, so on top about 49 00:02:27,520 --> 00:02:30,960 Speaker 3: seventeen hundred jobs. Most of the cuts are be office 50 00:02:31,040 --> 00:02:33,400 Speaker 3: roles in the UK, but global retail positions will be 51 00:02:33,400 --> 00:02:36,520 Speaker 3: affected too. It's new COO. It's really trying to turn 52 00:02:36,560 --> 00:02:39,240 Speaker 3: around the company. I mean it's tried this big push 53 00:02:39,280 --> 00:02:41,920 Speaker 3: into high fashion. It kind of flop because of slumping 54 00:02:41,960 --> 00:02:45,600 Speaker 3: global demand for luxury goods. Trade tariffs have been weighing 55 00:02:45,639 --> 00:02:48,679 Speaker 3: on the stock. So what they're doing different to turn 56 00:02:48,720 --> 00:02:50,799 Speaker 3: around the company. They're doing these ad campaigns. Have you 57 00:02:50,840 --> 00:02:53,480 Speaker 3: seen them with Kate Winslet. They're doing like British celebrities, 58 00:02:54,040 --> 00:02:57,440 Speaker 3: trying to do that give that fush. Yes, and they're 59 00:02:57,440 --> 00:03:00,440 Speaker 3: moving back to focusing on the trench coats. They're out 60 00:03:00,440 --> 00:03:02,280 Speaker 3: of way. You're going back to base, yeah, back to 61 00:03:02,560 --> 00:03:05,080 Speaker 3: six instead of the handbags because you don't go for 62 00:03:05,080 --> 00:03:07,160 Speaker 3: a burbery handbag. No, that's not what you go for. 63 00:03:07,320 --> 00:03:08,639 Speaker 3: You go for the But they've. 64 00:03:08,520 --> 00:03:11,360 Speaker 2: Been fighting that for years and the answer is and 65 00:03:11,400 --> 00:03:14,320 Speaker 2: maybe we're gonna see this across all of retail. Let's 66 00:03:14,320 --> 00:03:17,080 Speaker 2: talk to Dana Telsea and Joe Felman and others. Oliver 67 00:03:17,240 --> 00:03:20,160 Speaker 2: chen yep, I mean, they just got to cut costs. 68 00:03:20,200 --> 00:03:21,360 Speaker 2: If it's slow, right. 69 00:03:21,480 --> 00:03:23,920 Speaker 3: Correct, correct, And that's exactly what they're trying to do. 70 00:03:23,960 --> 00:03:28,839 Speaker 1: With the Stock Movers podcast from Bloomberg Radio, check back 71 00:03:28,840 --> 00:03:31,280 Speaker 1: with us throughout the day for the latest roundup of 72 00:03:31,320 --> 00:03:34,480 Speaker 1: companies making news on Wall Street and for the latest 73 00:03:34,560 --> 00:03:38,720 Speaker 1: market moving headlines. Listen to Bloomberg Radio Live, catch us 74 00:03:38,760 --> 00:03:42,080 Speaker 1: on YouTube, Bloomberg dot com, and on Applecarplay and Android 75 00:03:42,120 --> 00:03:44,120 Speaker 1: Auto with the Bloomberg Business app.