1 00:00:02,520 --> 00:00:07,360 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:08,560 --> 00:00:12,440 Speaker 2: The Stock Movers Report, your roundup of companies making moves 3 00:00:12,480 --> 00:00:16,280 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:16,920 --> 00:00:19,000 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:19,040 --> 00:00:22,040 Speaker 1: I'm Tim Stenevik and we're joined by Bloomberg Television Markets 6 00:00:22,040 --> 00:00:26,439 Speaker 1: correspondent nour Melinda Noura. A lot of stocks making big 7 00:00:26,480 --> 00:00:28,200 Speaker 1: moves in the after hours. What are you watching? 8 00:00:28,800 --> 00:00:31,840 Speaker 3: Keeping eyes on Oracle Shares it's ticker o RCL, as 9 00:00:31,840 --> 00:00:35,479 Speaker 3: well as Dell Technologies that's ticker d e LL. We 10 00:00:35,560 --> 00:00:38,120 Speaker 3: saw a lot of activity today as it relates to 11 00:00:38,360 --> 00:00:40,599 Speaker 3: the headlines that we saw coming through toward the end 12 00:00:40,600 --> 00:00:43,360 Speaker 3: of the day. Both stocks were lower at the closing 13 00:00:43,440 --> 00:00:46,200 Speaker 3: belt today on Thursday, but a little bit of activity 14 00:00:46,240 --> 00:00:48,400 Speaker 3: in the after hours trade pointing a little bit higher. 15 00:00:48,440 --> 00:00:50,760 Speaker 3: Oracle up about one point two percent, Dell up about 16 00:00:50,800 --> 00:00:53,040 Speaker 3: two tens of a percent here in the after hours trade. 17 00:00:53,120 --> 00:00:54,760 Speaker 3: This of course comes after the news that we've been 18 00:00:54,760 --> 00:00:58,000 Speaker 3: hearing about TikTok. I mean, we had jd Vance saying 19 00:00:58,000 --> 00:00:59,800 Speaker 3: that the US version of TikTok will be valued at 20 00:00:59,800 --> 00:01:03,240 Speaker 3: four teen billion dollars. Here Trump saying that TikTok investors 21 00:01:03,240 --> 00:01:07,320 Speaker 3: will include the likes of Dell and also Rupert Murdoch here, 22 00:01:07,360 --> 00:01:08,800 Speaker 3: So I mean, of course that's going to bring some 23 00:01:09,200 --> 00:01:12,479 Speaker 3: welcome support here as you're seeing this play out here 24 00:01:12,480 --> 00:01:14,000 Speaker 3: in the after hours trade. We'll have to see how 25 00:01:14,040 --> 00:01:15,240 Speaker 3: all this trickles out. 26 00:01:15,319 --> 00:01:17,240 Speaker 1: Yeah, I'm glad you said that, because we did hear 27 00:01:17,280 --> 00:01:19,240 Speaker 1: from the vice president Jad Evans who said the US 28 00:01:19,280 --> 00:01:22,400 Speaker 1: operations of TikTok would be valued at around fourteen billion dollars, 29 00:01:22,440 --> 00:01:24,920 Speaker 1: but also said stay tuned, we'll get more details on this. 30 00:01:25,000 --> 00:01:28,240 Speaker 1: And you know Bloomberg has done some reporting too today 31 00:01:28,240 --> 00:01:31,320 Speaker 1: about who's actually going to make up the investment consortium 32 00:01:31,640 --> 00:01:34,440 Speaker 1: that what that would look like. But still the devil's 33 00:01:34,440 --> 00:01:36,200 Speaker 1: in the details. We'll have to wait and see what 34 00:01:36,240 --> 00:01:37,280 Speaker 1: that looks absolutely. 35 00:01:37,319 --> 00:01:37,559 Speaker 2: Here. 36 00:01:38,040 --> 00:01:40,760 Speaker 4: Let's also take a look at Jabill. This is j 37 00:01:41,120 --> 00:01:43,240 Speaker 4: b L. My pronunciation's correct there. 38 00:01:43,280 --> 00:01:45,520 Speaker 3: You know, we all got to hope so here, but 39 00:01:45,640 --> 00:01:48,240 Speaker 3: we did see shares down as much as six percent 40 00:01:48,560 --> 00:01:51,160 Speaker 3: at the closing bell here, and this after vital knowledge. 41 00:01:51,160 --> 00:01:53,680 Speaker 3: Of course, the analyst came out there's flagging AI, the 42 00:01:53,880 --> 00:01:57,120 Speaker 3: AI segment margin miss here for the company. The manufacturer 43 00:01:57,120 --> 00:01:59,960 Speaker 3: reporter results that of course, they said that the headline 44 00:02:00,120 --> 00:02:02,000 Speaker 3: numbers remained strong, but they think that this is a 45 00:02:02,040 --> 00:02:06,120 Speaker 3: net negative given the miss on intelligent infrastructure margins as 46 00:02:06,160 --> 00:02:09,200 Speaker 3: well as the full year twenty twenty six guidance here, 47 00:02:09,280 --> 00:02:12,080 Speaker 3: So a little bit of activity here, pressure on the 48 00:02:12,120 --> 00:02:13,760 Speaker 3: shares at the closing bell today. 49 00:02:13,919 --> 00:02:16,560 Speaker 1: Okay, what about Tesla. This one's been down all day. 50 00:02:16,760 --> 00:02:18,000 Speaker 4: Tesla has been down all day. 51 00:02:18,040 --> 00:02:19,880 Speaker 3: It is the worst performing stock in terms of all 52 00:02:19,880 --> 00:02:22,600 Speaker 3: the Meg seven names that we saw play out today. 53 00:02:22,800 --> 00:02:24,600 Speaker 3: And of course this comes after the fact that they 54 00:02:24,639 --> 00:02:28,600 Speaker 3: had a twenty two percent decline in sales in Europe 55 00:02:29,120 --> 00:02:31,359 Speaker 3: last month in August. And the funny part here is 56 00:02:31,440 --> 00:02:35,160 Speaker 3: the fact that European consumers actually were buying electric vehicles 57 00:02:35,720 --> 00:02:37,600 Speaker 3: last month. We did see a rise there, but it 58 00:02:37,600 --> 00:02:39,280 Speaker 3: seems as though they're not a fan of Tesla at 59 00:02:39,360 --> 00:02:41,239 Speaker 3: least according to the data that we saw last month. 60 00:02:41,320 --> 00:02:44,400 Speaker 1: A rising car sales in the region, arising EV sales 61 00:02:44,480 --> 00:02:47,040 Speaker 1: hybrids were a particularly bright spot. But a twenty two 62 00:02:47,080 --> 00:02:48,840 Speaker 1: percent decline for Tesla not a. 63 00:02:48,800 --> 00:02:50,079 Speaker 4: Good look here for the company. 64 00:02:50,120 --> 00:02:52,040 Speaker 3: I mean, they've been dealing with a lot of struggles 65 00:02:52,040 --> 00:02:53,959 Speaker 3: if you look at the year to date, though they're 66 00:02:54,040 --> 00:02:54,919 Speaker 3: up about four. 67 00:02:54,760 --> 00:02:55,480 Speaker 4: Point eight percent. 68 00:02:55,560 --> 00:02:56,600 Speaker 1: And what did shares do today? 69 00:02:56,840 --> 00:03:01,040 Speaker 3: Shares today, they did end at down four percent, four 70 00:03:01,040 --> 00:03:02,560 Speaker 3: point four percent at the closing bell. 71 00:03:02,760 --> 00:03:06,520 Speaker 1: Okay, Costco reporting earnings after the bell today, stock moving 72 00:03:06,560 --> 00:03:08,600 Speaker 1: around in the after hours. What's going on with Costco. 73 00:03:08,720 --> 00:03:11,040 Speaker 3: Well, we did see them shed just a little bit 74 00:03:11,160 --> 00:03:14,120 Speaker 3: of shares down a little bit, about two tens of 75 00:03:14,160 --> 00:03:16,280 Speaker 3: percent lower at the closing bell today and a little 76 00:03:16,280 --> 00:03:18,280 Speaker 3: bit lower right now as we speak. But their erniees 77 00:03:18,360 --> 00:03:22,360 Speaker 3: did beat expectations. They're really citing steady consumer demand. I mean, 78 00:03:22,360 --> 00:03:25,200 Speaker 3: if you think about Costco, it's really a bulk place. 79 00:03:25,240 --> 00:03:26,720 Speaker 3: If you think about Walmart, you know, you might get 80 00:03:26,720 --> 00:03:28,639 Speaker 3: one or two items there, but you go to Costco 81 00:03:29,040 --> 00:03:30,960 Speaker 3: and maybe Sam's Club when you want to see things 82 00:03:31,000 --> 00:03:31,320 Speaker 3: in bulk. 83 00:03:31,400 --> 00:03:33,119 Speaker 4: So they are seeing consumer demand. 84 00:03:32,840 --> 00:03:36,080 Speaker 3: Despite the uncertain time period right now, especially if you 85 00:03:36,080 --> 00:03:38,400 Speaker 3: think about finances right now for the average US consumer. 86 00:03:38,560 --> 00:03:40,160 Speaker 1: Yeah, I think you got to think about this in 87 00:03:40,160 --> 00:03:41,920 Speaker 1: the context of not living in New York City where 88 00:03:41,920 --> 00:03:43,960 Speaker 1: we don't have room to put stuff that you get 89 00:03:43,960 --> 00:03:46,160 Speaker 1: at Costco. But growing up, I don't know if you 90 00:03:46,160 --> 00:03:47,960 Speaker 1: went to Costco when you were growing up, but it 91 00:03:48,000 --> 00:03:50,320 Speaker 1: was like a family affair and we would bring, you know, 92 00:03:50,360 --> 00:03:52,120 Speaker 1: the coolers to keep everything cool. 93 00:03:52,440 --> 00:03:52,640 Speaker 4: Great. 94 00:03:52,760 --> 00:03:55,560 Speaker 1: Yeah, uh, it was. It was an era for sure. 95 00:03:55,600 --> 00:03:57,520 Speaker 1: And yeah, they've just been firing on all cylinders. 96 00:03:57,520 --> 00:03:59,320 Speaker 4: I mean I used to always go to Sam's Club. 97 00:03:59,360 --> 00:03:59,920 Speaker 4: I think you really did. 98 00:04:00,040 --> 00:04:02,960 Speaker 3: Tends regionally about which one you have. Southwest Virginia. We 99 00:04:03,040 --> 00:04:05,960 Speaker 3: were a Sam Club crew, but costco very very similar. 100 00:04:06,000 --> 00:04:12,240 Speaker 2: Here the Stockmover's Report from Bloomberg Radio. Check back with 101 00:04:12,320 --> 00:04:14,920 Speaker 2: us throughout the day for the latest roundup of companies 102 00:04:14,960 --> 00:04:18,080 Speaker 2: making news on Wall Street and for the latest market 103 00:04:18,120 --> 00:04:22,600 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 104 00:04:22,680 --> 00:04:26,159 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 105 00:04:26,240 --> 00:04:27,719 Speaker 2: the Bloomberg Business app.