WEBVTT - Closing Bell: Apple Rallies, Oracle Soars, Roblox Sells Off

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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 companies making moves at the close of US trading

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<v Speaker 2>with Carol Masser, Tim Stenobeck, Romain Bostik, and Katie Greifel.

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<v Speaker 1>All right, guys, let's go to some of the individual gainers.

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<v Speaker 1>If i'm may, Let's go on over to Apple, of course.

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<v Speaker 1>Reacting to its earnings late yesterday after the close, stock

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<v Speaker 1>up about three point three percent here, rallying its highest

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<v Speaker 1>intra day in a few months, Apple delivered a surprisingly

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<v Speaker 1>strong revenue forecast for the third quarter. It did warn

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<v Speaker 1>about those memory chip costs, but we kind of expected that,

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<v Speaker 1>or we wanted some color around that. They did say

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<v Speaker 1>that they warned it, they will increase, and that shortages

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<v Speaker 1>of Mac computers will persist for several months. Apple has

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<v Speaker 1>benefited from a series of new products launched back in March,

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<v Speaker 1>the mac Book Neo, iPhone seventeen E, updated IPO ipat

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<v Speaker 1>excuse me air models, and a fresh MacBook Pro that

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<v Speaker 1>Neo that five hundred and ninety nine dollars Neo, Apple's

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<v Speaker 1>first major pustion to kind of a low cost laptop

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<v Speaker 1>has been particularly popular. Remain sold out at several retailers.

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<v Speaker 1>So that's kind of cool. Tim Oracle gave me oracle

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<v Speaker 1>today said I needed to look at oracle.

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<v Speaker 3>Here's an oracle for you.

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<v Speaker 1>Here's an oracle. Tim is an oracle for me. So

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<v Speaker 1>that stock up about six and a half percent in

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<v Speaker 1>today's session, officially agreed to join the list of AI

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<v Speaker 1>companies working with the Pentagons Classified Networks. According to a

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<v Speaker 1>posts by the pentagons Under Secretary for Research and Engineering

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<v Speaker 1>putting that out on x I will still never get

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<v Speaker 1>used to these official declarations from the government that come

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<v Speaker 1>out on social media. But there you have it. And

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<v Speaker 1>then I want to mention paramounts guidance number two gainer

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<v Speaker 1>in the S and P five hundred up eight point

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<v Speaker 1>three percent. Today company is scheduled to reward its first

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<v Speaker 1>quarter financial results. That's going to happen after the close

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<v Speaker 1>on Monday. And this is as the company continues to

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<v Speaker 1>move closer to finalizing its merger with Warner Brothers Discovery.

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<v Speaker 1>So there you have it.

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<v Speaker 3>Okay, you there are some gainers. I got the stocks

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<v Speaker 3>in the red today. I want to start with shares

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<v Speaker 3>of roadblocks. They fell by eighteen point three percent. This

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<v Speaker 3>after the company reported fewer daily users in the first

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<v Speaker 3>quarter than analysts expected. This was as a result of

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<v Speaker 3>safety features that it implemented. The company also lowered its

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<v Speaker 3>forecast for full year bookings. They said that was the

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<v Speaker 3>result of a quote aggressive push to enhance safety and

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<v Speaker 3>projected another quarter of user to clients once again, Roadblock

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<v Speaker 3>shares falling by more than eighteen percent, the worst day

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<v Speaker 3>going back to February of twenty twenty four, moving on.

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<v Speaker 3>The worst performer in the S and P five hundred

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<v Speaker 3>on eight percentage basis today was none other than Chlorox,

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<v Speaker 3>down nine point seven percent. This was the worst day

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<v Speaker 3>going back to February of twenty twenty two. The company's

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<v Speaker 3>organic sales missed consensus expectations for the third quarter. They

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<v Speaker 3>cut their annual forecast. Katie Yeah, cat litter Yeah, and

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<v Speaker 3>salad dressing categories perform poorly during the quarter of Cat

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<v Speaker 3>litter is why I'm I was thinking of yeah your cat?

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<v Speaker 3>Do you guys not use floors?

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<v Speaker 4>Kelly, speaking of husbands? That is firmly a Joe job.

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<v Speaker 4>I touched the litter box in years, but thank you

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<v Speaker 4>for thinking.

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<v Speaker 3>Of Shout out to Joe, shout out handling the litter box. Okay, finally,

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<v Speaker 3>let's go Aviation. Got a check in on what shares

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<v Speaker 3>of Spirit Aviation did on the day today, down as

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<v Speaker 3>a much as seventy percent. Earlier in the session, fell

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<v Speaker 3>by more than twenty five percent, though, this after the

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<v Speaker 3>company was reported to be making preparations to wind down

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<v Speaker 3>its liquidity position as its liquidity position worsens and the

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<v Speaker 3>prospects of winning a bill out m that's according to

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<v Speaker 3>people familiar with the matter. President Trump, though, saying that

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<v Speaker 3>he delivered a final proposal to rescue the company, but

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<v Speaker 3>it would only proceed if it's a good deal for

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<v Speaker 3>the US government.

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<v Speaker 4>All right, let's check in on yields here. Relatively modest

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<v Speaker 4>day and quite frankly, a relatively modest week. We're going

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<v Speaker 4>to end the day here right around for three seven

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<v Speaker 4>nine on that ten year yield, and just remember about

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<v Speaker 4>a week ago we are basically right around four. So

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<v Speaker 4>we are elevated on the week here, and that is

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<v Speaker 4>going to be a big part of the story going forward,

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<v Speaker 4>particularly with the war in Iran still continuing, the straight

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<v Speaker 4>at hormones still close, and a lot of big questions

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<v Speaker 4>about inflation.

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<v Speaker 2>This stock Moovers report from Bloomberg Radio. Check back with

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