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Speaker 1: Bloomberg Audio Studios podcasts, radio news.

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Speaker 2: The Stock Movers podcast, your roundup of companies making moves

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Speaker 2: in the stock market, harnessing the power of Bloomberg Data.

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Speaker 1: Let's take a look at some stocks on the move today.

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Speaker 1: I'm Tim Stenebeck along with Emily Griffeo. We're joined by

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Speaker 1: Bloomberg News equities reporter Nora Melinda Nora. The indexes might

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Speaker 1: not be moving much right now, but kind of hide

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Speaker 1: some big moves taking place if you peel back the layers.

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Speaker 3: Now most definitely, and talking of a big move, I'm

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Speaker 3: looking at fair Isaac, which we all know as FIKO.

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Speaker 4: That's take your Fico.

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Speaker 3: We're seeing shears pointing lower tumbling double digits actually as

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Speaker 3: the worst performing stock by a percentage basis in the

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Speaker 3: S and P five hundred. And this is after Bill Poulti,

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Speaker 3: he of course is the Federal Housing Finance Agency director.

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Speaker 4: He said that Fannie May and Freddie.

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Speaker 3: Mack, which of course we know these are government sponsored

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Speaker 3: inter prizes that are really really integrated in the mortgage market.

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Speaker 3: They're saying that these lenders or fanbready will not allow

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Speaker 3: lenders rather to accept the vantage four point zero credit

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Speaker 3: model to increase competition in the credit score ecosystem. So

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Speaker 3: what now is currently used, of course is Fyco, which

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Speaker 3: we know that's a compilation of what TransUnion Equifax experience.

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Speaker 3: So Vantage is actually a competitor that's trying to come

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Speaker 3: in kind of knock Fico out the way. And we're

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Speaker 3: seeing shares of Fyco down as much as nineteen percent.

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Speaker 4: That's its worst day since.

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Speaker 3: The pandemic March twenty twenty, so not a great day

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Speaker 3: for them right now.

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Speaker 4: And that's ticker fi COO.

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Speaker 3: Vantage is a private company, correct, so we can't see

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Speaker 3: those shares move, but no, we can't. It's a good

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Speaker 3: day most likely if you're a shareholder, most definitely. But

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Speaker 3: I'm also looking at Core Weave that's ticker CRWV, And

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Speaker 3: of course we know this was an IPO back in

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Speaker 3: late March. We've seen shares of the company that have

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Speaker 3: served but more than two hundred and eighty percent so

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Speaker 3: far since the ipo.

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Speaker 4: But we're looking at shares their or lower today.

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Speaker 3: They were downgraded to a neutral equivalent reading at both

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Speaker 3: Stiefel and Mazuho, And this, of course is after the

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Speaker 3: company had some news that came out about the fact

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Speaker 3: that it was going to be buying Core Scientific in

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Speaker 3: an all stock transaction. So the companies, these banks are

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Speaker 3: actually not super enthused about what this means for the

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Speaker 3: shares of core Weave, and of course those investors. Fiefol

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Speaker 3: is actually pointing toward penning dilution and potential pressure, especially

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Speaker 3: as we think about some of those multiples and whatnot.

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Speaker 3: As Core Weave really moves from being a light asset

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Speaker 3: of an asset light company to asset owned or more

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Speaker 3: or less hybrid.

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Speaker 1: You might think core Weave, a company that works in

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Speaker 1: this space, might be based in Silicon Valley or New

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Speaker 1: York or Texas. But Livingston, New Jersey, what, yes, which

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Speaker 1: is like a suburb of New York City. Okay, that

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Speaker 1: is the way the headquarters are.

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Speaker 4: We have to bring them in here.

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Speaker 1: Right on the road, right they really are?

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Speaker 3: Yeah.

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Speaker 1: I was always surprised to find that core Weave is

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Speaker 1: based in Livingston, New Jersey.

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Speaker 4: And more are you now?

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Speaker 1: Yeah?

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Speaker 3: And that's ticker CRW. The second day of losses in

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Speaker 3: a row rand stock most definitely. So we're gonna just

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Speaker 3: see what really happens here in terms of whether or

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Speaker 3: not that pullback extends.

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Speaker 4: But another company and brand you lots of red today.

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Speaker 3: But another company here, we're looking at Bak of America,

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Speaker 3: a sticker BAC, and I'm looking at that along with

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Speaker 3: a lot of those peers in the banking space. We

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Speaker 3: know bank earnings kick off next week, but before that,

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Speaker 3: we have HSBC coming in saying that downside risks are

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Speaker 3: not currently factored into the stock prices of a lot

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Speaker 3: of these companies. We've seen a pretty intense rally right

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Speaker 3: now between what things have looked like for the banking sector,

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Speaker 3: and we have Wall Street a bit divided right now.

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Speaker 3: I mean, Mike Mayo is saying game on for banks,

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Speaker 3: but then we also have other analysts that are really

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Speaker 3: just flagging what the macro environment looks like for these

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Speaker 3: companies and whether or not that could be a potential

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Speaker 3: headwind for them.

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Speaker 4: But we do have HSBC in.

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Speaker 3: Particular here turning cautious on the company, as well as

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Speaker 3: JP Morgan and Goldman that we're also dowgraded.

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Speaker 1: Speaking of the bank's earning season kicks off next week?

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Speaker 1: Does the fifteenth we hear from JP Morgan that is

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Speaker 1: what is today's the eighth, so that is next Tuesday,

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Speaker 1: Next Wednesday, we'll hear from Bank of America, and then

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Speaker 1: we're off to the races, like we're gonna hear from everyone.

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Speaker 4: Are we ready?

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Speaker 1: Oh, I'm ready, I'm already for earnings?

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Speaker 4: Game faces on Emily.

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Speaker 1: Are you ready you'll be here, You'll be in the

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Speaker 1: studio with me.

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Speaker 4: I'll be here. I'll be waiting for those earnings.

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Speaker 1: Nor are you ready You'll be able to be here

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Speaker 1: in the studio with me?

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Speaker 4: I'll be watching a lot. I'll be watching a lot,

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Speaker 4: all right. Cool? Everyone else is like having their European summer. Yeah,

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Speaker 4: we're here, We're here, We're here, we are right.

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Speaker 1: Stockmovers Nora Melinda, Bloomberg News Equities Reporter.

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Speaker 2: The Stock Movers podcast from Bloomberg Radio. Check back with

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Speaker 2: us throughout the day for the latest roundup of companies

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Speaker 2: making news on Wall Street and for the latest market

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