WEBVTT - Closing Bell: Coal Stocks Rise, Circle Internet Falls, Uber Slides

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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 the stock movers report

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<v Speaker 2>the company's making moves at the close of US trading

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<v Speaker 2>with Carol Masser, Tim Stenoveeck Romain Bostik, and Katie Greyfell.

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<v Speaker 3>Let's get to some of the individual gainers. And I'm

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<v Speaker 3>going to pull up actually two boards, and this is

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<v Speaker 3>an area that just was on fire today and we're

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<v Speaker 3>talking about coalstocks ralling. Take a look Peabody Energy up

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<v Speaker 3>about eight percent. You had Core Natural Resources again to

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<v Speaker 3>more than six percent, almost a six percent gain on

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<v Speaker 3>Hallador Energy. Flip it on over to the second board

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<v Speaker 3>and you've got Alliance Resource Partners that too is up

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<v Speaker 3>about two point seven percent. You had Alpha Metallurgical Resources

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<v Speaker 3>that was a gain of almost nine percent, and more

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<v Speaker 3>than ten percent higher on Warrior met cole these coalstocks

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<v Speaker 3>climbing is at war in Iran. The US war in

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<v Speaker 3>Iran continues, and there's Titans applies of LNG liquefied natural

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<v Speaker 3>gas and that's expected to increase demand for coal. So

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<v Speaker 3>that is something that we are seeing in terms of

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<v Speaker 3>a play. You got to keep in mind that LNG

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<v Speaker 3>some of the impact the guitar. We're talking about thirty

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<v Speaker 3>percent of their capacity being knocked out. That is going

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<v Speaker 3>to take something like three to five years to rebuild.

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<v Speaker 3>So you are going to see folks looking for alternative

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<v Speaker 3>energy suppliers and means. And that's why you've seen the

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<v Speaker 3>goal the coal sector really on fire today. And just

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<v Speaker 3>for something different, real quickly ticker JHG. We're talking about

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<v Speaker 3>Janis Henderson that was up about two point seven percent.

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<v Speaker 3>That's after try and Fund Management and General Catalyst Group

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<v Speaker 3>increase their bid to buy the asset manager to fend

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<v Speaker 3>off a competing offerer offer from Victory Capital, and the

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<v Speaker 3>amended agreement is for about fifty two dollars this year

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<v Speaker 3>in cash. You saw the stock of janis just closing

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<v Speaker 3>above that mark, and that fifty two is about a

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<v Speaker 3>three dollars all cash price increase. So we'll continue to

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<v Speaker 3>watch that one. But again another gainer, Tim over to you.

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<v Speaker 1>All right, let's do a few decliners. I went with

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<v Speaker 1>a whole index because software got so beat up today.

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<v Speaker 1>This is the I Shares Tech Software ETF now liberties

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<v Speaker 1>to three percent. Gotta do what you gotta do. This

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<v Speaker 1>after the Information reported that AWS is developing an AI

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<v Speaker 1>agent to automate some functions for sales, business development, and

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<v Speaker 1>other groups that have been targeted in some sweeping job cuts.

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<v Speaker 1>The agent, being developed by ADWS, handles some of the

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<v Speaker 1>workload of thousands of tech special listcenarios like cybersecurity and

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<v Speaker 1>server networking. That's according to the report in the Information.

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<v Speaker 1>So we saw software stocks fall and remain lower throughout

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<v Speaker 1>the day, down four point three percent for the I

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<v Speaker 1>shares Tech Software ETF also taking a look at what

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<v Speaker 1>happened with shares of Uber today, they fell as the

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<v Speaker 1>rideshare giant was reported to be in talks to acquire

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<v Speaker 1>the German premium show first services provider black Lane. This

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<v Speaker 1>is according to Manager magazine. Exact details are unown, but

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<v Speaker 1>the company's valuation is likely to be in the high

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<v Speaker 1>three digit million euro range. That's according to sources close

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<v Speaker 1>to black Lane. According to a Manager magazine, Uber down

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<v Speaker 1>today by about three point seven percent. And finally, Circle

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<v Speaker 1>Internet Group, this is the one that just sore after

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<v Speaker 1>the IPO's head going on. This is pretty wild, down

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<v Speaker 1>more than twenty percent today. It actually fell about by

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<v Speaker 1>more than twenty two percent before bouncing off those lows.

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<v Speaker 1>Worst day ever partly as a result of potential changes

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<v Speaker 1>to stable coin regulation, but mostly too about concerns about

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<v Speaker 1>a competitor. So Tether said today that it entered into

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<v Speaker 1>a formal agreement with a Big four accounting firm to

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<v Speaker 1>complete its first full audit, creating speculation that the company

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<v Speaker 1>could be preparing to move into the US. This according

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<v Speaker 1>to a senior equity research analyst, def Monesse. Analysts believe

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<v Speaker 1>also proposed changes to legislation could reduce incentives for holders

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<v Speaker 1>to maintain balances and tokens rather than bank deposits, so

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<v Speaker 1>make it more attractive to go back to the banks

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<v Speaker 1>less attractive to hold in stable coins, which would affect

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<v Speaker 1>circles revenue as well.

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<v Speaker 2>The Stock Movers Report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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<v Speaker 2>making news on Wall Street and for the latest market

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<v Speaker 2>moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube,

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