1 00:00:02,520 --> 00:00:07,440 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 --> 00:00:15,880 Speaker 2: in the stock market, harnessing the power of Bloomberg data. 4 00:00:16,560 --> 00:00:17,800 Speaker 3: Let's take a look at some of the stocks in 5 00:00:17,840 --> 00:00:20,200 Speaker 3: the move today. And I'm PAULA. I'm Alex Steele. I'm 6 00:00:20,200 --> 00:00:22,880 Speaker 3: not Paul Sweeney. I'm Alex Steel. With Paul Sweeney, we're 7 00:00:22,960 --> 00:00:25,720 Speaker 3: joined by Bloomberg's Isabelle Lee. All Right, you're looking at 8 00:00:25,800 --> 00:00:27,160 Speaker 3: TD Bank. What's going on here? As a bell? 9 00:00:27,440 --> 00:00:29,319 Speaker 1: So this is interesting because it had a couple of 10 00:00:29,360 --> 00:00:31,560 Speaker 1: news today, but four now shares are rising around three 11 00:00:31,600 --> 00:00:34,400 Speaker 1: and a half percent. That's its biggest introgate day gain 12 00:00:34,840 --> 00:00:37,400 Speaker 1: since February. So the bank reported just at EPs that 13 00:00:37,560 --> 00:00:40,479 Speaker 1: beat analyst estimates. Jeffrey said that core earnings came in 14 00:00:40,479 --> 00:00:43,400 Speaker 1: a well ahead of expectations. RBC Capital said that this 15 00:00:43,440 --> 00:00:48,680 Speaker 1: is quote positive, especially since adjusted EPs was higher than expected. Also, today, 16 00:00:48,680 --> 00:00:51,360 Speaker 1: the bank announced plans to cut its workforce by two 17 00:00:51,440 --> 00:00:54,680 Speaker 1: percent and that's part of a restructuring planet initiated this quarter. 18 00:00:54,880 --> 00:00:56,960 Speaker 1: And of course the reason is to really reduce costs 19 00:00:57,000 --> 00:00:59,480 Speaker 1: and achieve quote greater efficiency. And the back is around 20 00:00:59,520 --> 00:01:04,000 Speaker 1: ninety five thousand employees, so that's quite significant. But all 21 00:01:04,080 --> 00:01:06,080 Speaker 1: eyes are also on TV because it's the first of 22 00:01:06,080 --> 00:01:09,039 Speaker 1: its large rivals to report earnings since US tariffs on 23 00:01:09,080 --> 00:01:11,919 Speaker 1: a range of Canadian imports kicked in. And the results 24 00:01:11,959 --> 00:01:13,720 Speaker 1: are good, so that might be good for the space. 25 00:01:13,920 --> 00:01:16,480 Speaker 3: All right, very good about the Snowflake. 26 00:01:16,959 --> 00:01:19,600 Speaker 1: This is also fun because shares are jumping eleven percent. 27 00:01:19,640 --> 00:01:22,600 Speaker 1: That's the highest since February twenty twenty four. So Snowflake 28 00:01:22,600 --> 00:01:25,280 Speaker 1: gave a strong outlook for quarterly sales and that's after 29 00:01:25,360 --> 00:01:28,160 Speaker 1: launching a slew of products over the last year. So 30 00:01:28,200 --> 00:01:30,360 Speaker 1: product revenues so this makes up the bulk of the 31 00:01:30,360 --> 00:01:33,680 Speaker 1: company's software business. They said it will increase about twenty 32 00:01:33,720 --> 00:01:36,319 Speaker 1: five percent, so that's above analyst estimates. The company also 33 00:01:36,360 --> 00:01:39,200 Speaker 1: raised full year guidance. Every course said that that bump 34 00:01:39,480 --> 00:01:42,080 Speaker 1: came despite an uncertain economic environment, so it just really 35 00:01:42,120 --> 00:01:46,000 Speaker 1: illustrates the confidence they have in management's quote durability of 36 00:01:46,080 --> 00:01:50,120 Speaker 1: near term demand and software makes Snowflake makes software to 37 00:01:50,360 --> 00:01:52,680 Speaker 1: ingest an analyze data, and it really just focused on 38 00:01:52,680 --> 00:01:56,120 Speaker 1: a lot more products last year. Makes LLM easier to 39 00:01:56,240 --> 00:01:59,120 Speaker 1: use for their GENAI products. Lots of acronyms there, but 40 00:02:00,600 --> 00:02:01,160 Speaker 1: they're being. 41 00:02:01,040 --> 00:02:05,720 Speaker 3: Successful in monetizing some of their offerings there. Okay, also 42 00:02:05,760 --> 00:02:08,600 Speaker 3: taking a look at Galaxy Digital. So this is a 43 00:02:08,639 --> 00:02:11,560 Speaker 3: digital infrastructure play, right it is, but it's also a 44 00:02:11,600 --> 00:02:15,040 Speaker 3: bitcoin play. I mean, it's higher by again and a half. 45 00:02:14,840 --> 00:02:18,320 Speaker 1: Percent, and it just listed actually on Friday, so it's 46 00:02:18,840 --> 00:02:21,440 Speaker 1: historical gain. It's around thirty percent, so that's good news. 47 00:02:21,440 --> 00:02:24,040 Speaker 1: It previously was just listed in Canada, and of course 48 00:02:24,080 --> 00:02:26,760 Speaker 1: this was held by billionaire Mike Novogratz, who is one 49 00:02:26,760 --> 00:02:29,080 Speaker 1: of the bitcoin balls out there. And we can't escape 50 00:02:29,080 --> 00:02:32,320 Speaker 1: without talking about bitcoin, which reached another record high. It's 51 00:02:32,760 --> 00:02:37,919 Speaker 1: one hundred thousand eleven. It's one hundred eleven thousand right now, 52 00:02:37,960 --> 00:02:40,640 Speaker 1: and just really a wave of optimism. There's a stable 53 00:02:40,680 --> 00:02:43,640 Speaker 1: coin bill that was advanced in the US Nate, so 54 00:02:43,800 --> 00:02:46,359 Speaker 1: people are thinking that, okay, maybe we'll get more clarity. 55 00:02:46,400 --> 00:02:49,359 Speaker 1: And of course there's just really overall surging demand. It's 56 00:02:49,360 --> 00:02:51,760 Speaker 1: a ball market and you just can't stop those. 57 00:02:52,760 --> 00:02:56,760 Speaker 2: The Stock Movers Report from Bloomberg Radio. Check back with 58 00:02:56,840 --> 00:02:59,440 Speaker 2: us throughout the day for the latest roundup of companies 59 00:02:59,480 --> 00:03:02,600 Speaker 2: making news on Wall Street and for the latest market 60 00:03:02,639 --> 00:03:07,080 Speaker 2: moving headlines. 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