Speaker 1: Bloomberg Audio Studios, Podcasts, radio News.
Speaker 2: The Stock Movers Report, your roundup of companies making moves
Speaker 2: in the stock market, harnessing the power of Bloomberg Data.
Speaker 3: You want to take a look at some of the
Speaker 3: stocks on the move today.
Speaker 1: So we're joined by Bloomberg News cross asset reporter build
Speaker 1: Donna Hirich.
Speaker 3: So Buildna, let's start with Apple shares.
Speaker 4: So much stuff on the move today. But yeah, I'm
Speaker 4: looking at Apple ticker AAPL. It's laura by about three
Speaker 4: percent today after it debuted its thinnest ever iPhone and
Speaker 4: new proversions with enhanced cameras and more battery life. And
Speaker 4: that was earlier this week, and the company really is
Speaker 4: betting that a flurry of smartphone innovation can hopefully entice
Speaker 4: shoppers this holiday season. But I think what a lot
Speaker 4: of people count on for their iPhones is long battery life,
Speaker 4: right and thin. The thinner version is sort of compromise
Speaker 4: for the upgrade.
Speaker 1: Telling you, I know, I had mine for probably four
Speaker 1: or five years. Now I probat need to I'm for
Speaker 1: an upgrade. Yeah, I'm for so I'll have to check
Speaker 1: it out, but I like to wait a couple months
Speaker 1: to see sort of how things shakeout, and then maybe
Speaker 1: later this year, I'm gonna say what.
Speaker 4: I actually had. I had one with a button up
Speaker 4: until a couple months ago.
Speaker 1: Yeah, I missed those. Those are my favorites, I know,
Speaker 1: but I know hung on to that as long as
Speaker 1: I could as well.
Speaker 3: I know another one, of course, can't leave out Oracle.
Speaker 3: Walk us through the latest big moves.
Speaker 4: Here one of the really big stories today, ticker oh
Speaker 4: r CL surging more than thirty percent on one point today,
Speaker 4: the most since nineteen ninety two. I will say I
Speaker 4: was alive in nineteen ninety two, and the company did
Speaker 4: give a very aggressive outlook for its cloud business, and
Speaker 4: it's an outlook that's cementing the software makers place in
Speaker 4: the race to support demand for AI computing. And then
Speaker 4: thanks to this pop another big story from today is
Speaker 4: that its co founder Larry Ellison is now the world's
Speaker 4: richest person, surpassing Elon Musk's previous number one spot.
Speaker 1: For that raised so much news the opening thing, it's
Speaker 1: a lot surrounding chirpact I.
Speaker 4: Champact, Oracle related news, and it's also driving higher a
Speaker 4: lot of other.
Speaker 2: AI cent.
Speaker 3: Double digits today as well. That's a good point. Another
Speaker 3: big day for Klarna, had a big day.
Speaker 4: They debuted, yes ticker k l a R. I always
Speaker 4: love a good ticker, jumping some fifteen percent today and
Speaker 4: it's opening trade with the company and some of its
Speaker 4: backers raising one point three to seven billion in their IPO,
Speaker 4: and it's sort of signaling to the market that new
Speaker 4: listings potentially have room to run. That's been sort of
Speaker 4: a story for a couple of years now, you know,
Speaker 4: in the post pandemic world, like our ipo is doing well,
Speaker 4: and now we are seeing all of these crypto companies
Speaker 4: making to go public. And today you have Klarna doing
Speaker 4: quite well with its opening. The shares open at fifty
Speaker 4: two each, fifty two dollars each above the IPO price
Speaker 4: of forty piece.
Speaker 3: And you cover crypto as part of cross asset pretty
Speaker 3: closely as well. What do you what's the latest whenever
Speaker 3: you're speaking with your sources as far as how they're
Speaker 3: managing money and what kind of allocations they have to
Speaker 3: the crypto space, to.
Speaker 4: The crypto space ETFs, it always comes back to ETFs,
Speaker 4: right because and even the prior guests I heard it
Speaker 4: mentioned bitcoin ETFs and that having been a really pivotal
Speaker 4: moment in the crypto ecosystem over the past couple of years,
Speaker 4: and so much money has flown towards those products. So
Speaker 4: these days, when you are seeing people allocate money towards crypto,
Speaker 4: a lot of times it is via bigcoin ETFs in particular.
Speaker 4: But when it comes to the crypto company's going public,
Speaker 4: that is really an interesting story because when they started
Speaker 4: we when we started reporting about, you know, number of
Speaker 4: these firms making plans to go public this year, it
Speaker 4: still had been up in the air, like what will
Speaker 4: the market look like, will the market allow it? And
Speaker 4: now we're really starting to see a lot of it
Speaker 4: come to fruition.
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