1 00:00:02,520 --> 00:00:08,720 Speaker 1: Bloomberg Audio Studios, podcasts, radio news, The. 2 00:00:08,720 --> 00:00:12,560 Speaker 2: Stock Mover's Report, your roundup of companies making moves in 3 00:00:12,600 --> 00:00:15,880 Speaker 2: the stock market. Harnessing the power of Bloomberg Data. 4 00:00:16,560 --> 00:00:18,400 Speaker 1: Let's take a look at some stocks on the move today. 5 00:00:18,400 --> 00:00:21,560 Speaker 1: I'm Nathan Hager, joined by Bloomberg's Critty Gupta and Critty. 6 00:00:21,600 --> 00:00:23,480 Speaker 1: I guess we could talk about Nvidia for the next 7 00:00:23,560 --> 00:00:25,920 Speaker 1: couple of days, but we could also talk about some 8 00:00:26,000 --> 00:00:29,360 Speaker 1: stocks making news around deals and potential deals. 9 00:00:29,440 --> 00:00:32,199 Speaker 3: Good morning, Good morning, Nathan. Yeah, it's an m and 10 00:00:32,240 --> 00:00:36,560 Speaker 3: a Monday, a quiet summer August m and a Monday. 11 00:00:37,040 --> 00:00:41,000 Speaker 3: And this one's I think really interesting. Currie doctor Pepper 12 00:00:41,200 --> 00:00:44,440 Speaker 3: investing in JD. Pete's and this is a coffee company 13 00:00:44,800 --> 00:00:47,199 Speaker 3: in Europe. Care doctor Pepper of course, the maker of 14 00:00:47,320 --> 00:00:51,680 Speaker 3: both and doctor Pepper about massive. I know, wild it's 15 00:00:51,680 --> 00:00:54,280 Speaker 3: a massive deal because one it's a cross border deal. 16 00:00:54,320 --> 00:00:56,400 Speaker 3: So this is American company, of course, investing in a 17 00:00:56,440 --> 00:00:59,720 Speaker 3: European one. The KADP is your ticker for Creed doctor 18 00:00:59,720 --> 00:01:02,360 Speaker 3: Pepper down about three point six percent trading just sh 19 00:01:02,440 --> 00:01:05,520 Speaker 3: I have thirty four dollars a share. What's so significant 20 00:01:05,520 --> 00:01:08,240 Speaker 3: about this? Deals? But eighteen billion dollars for jdpach the 21 00:01:08,280 --> 00:01:10,640 Speaker 3: coffee chain, which is seeing a massive move in the 22 00:01:10,640 --> 00:01:12,840 Speaker 3: European session by the way, to the tune about seventeen 23 00:01:12,880 --> 00:01:15,680 Speaker 3: percent in terms of those shares. But what's really interesting 24 00:01:15,720 --> 00:01:18,520 Speaker 3: about this is that Curing Doctor Pepper had merged their 25 00:01:18,680 --> 00:01:22,040 Speaker 3: coffee and soda operations back in twenty eighteen, So in 26 00:01:22,080 --> 00:01:26,360 Speaker 3: addition to looking for this acquisition into Jdpete's, they are 27 00:01:26,480 --> 00:01:29,760 Speaker 3: also going to separate out the businesses again, So in 28 00:01:29,760 --> 00:01:32,640 Speaker 3: addition to another deal, it's also kind of a little 29 00:01:32,640 --> 00:01:36,080 Speaker 3: bit of a restructuring of the company. Nevertheless, KDP is 30 00:01:36,160 --> 00:01:38,920 Speaker 3: your ticker there, down about three point six percent, again 31 00:01:38,959 --> 00:01:43,280 Speaker 3: classic merger arbitrage trade, trading about thirty four dollars a share, 32 00:01:43,319 --> 00:01:46,360 Speaker 3: So that's definitely one m and a Monday kind of story. 33 00:01:46,640 --> 00:01:48,440 Speaker 3: The other I'm not sure if we can call this 34 00:01:48,520 --> 00:01:51,760 Speaker 3: a deal, but I guess I will. Intel very much 35 00:01:51,760 --> 00:01:55,560 Speaker 3: in focus. I NTC is your ticker, hired by about 36 00:01:55,600 --> 00:01:57,840 Speaker 3: one point seven percent this morning. It was hired by 37 00:01:57,840 --> 00:02:00,639 Speaker 3: almost three percent earlier in the session, and so pairing 38 00:02:00,680 --> 00:02:03,280 Speaker 3: some of the gains we saw earlier, trading at about 39 00:02:03,280 --> 00:02:07,040 Speaker 3: twenty five dollars in change per stock or per share. 40 00:02:07,080 --> 00:02:09,880 Speaker 3: I should say this is after both Intel and the 41 00:02:10,000 --> 00:02:13,799 Speaker 3: US government has confirmed that the US government now has 42 00:02:13,800 --> 00:02:17,000 Speaker 3: a ten percent stake in Intel in exchange for some 43 00:02:17,080 --> 00:02:19,320 Speaker 3: of the chip grant money. This was something that was 44 00:02:19,320 --> 00:02:22,160 Speaker 3: being considered by the White House last week and claimed 45 00:02:22,160 --> 00:02:25,880 Speaker 3: by President Trump on Friday, has now been confirmed by 46 00:02:25,960 --> 00:02:29,040 Speaker 3: the Intel CEO as well. So you are seeing Up 47 00:02:29,040 --> 00:02:31,760 Speaker 3: being well received by investors this morning. Ten percent of 48 00:02:31,800 --> 00:02:35,880 Speaker 3: Intel now owned by the US government, So some moves 49 00:02:35,880 --> 00:02:38,240 Speaker 3: there to be aware of. And Intel, by the way, 50 00:02:38,280 --> 00:02:41,000 Speaker 3: she mentioned, is your biggest pre market mover to the 51 00:02:41,080 --> 00:02:44,160 Speaker 3: upside as well. Let's also talk about your biggest downside 52 00:02:44,240 --> 00:02:47,239 Speaker 3: mover if we can. Coinbase taking a hit this morning. 53 00:02:47,320 --> 00:02:51,000 Speaker 3: Coin is your ticker down about three percent, trading at 54 00:02:51,000 --> 00:02:53,640 Speaker 3: about three hundred and ten dollars a share. Now I 55 00:02:53,680 --> 00:02:57,239 Speaker 3: can't exactly see the key driver, but it's worth noting 56 00:02:57,280 --> 00:03:00,320 Speaker 3: that Bitcoin is taking a little bit of a pull back, 57 00:03:00,360 --> 00:03:03,120 Speaker 3: as are all the cryptocurrencies this morning, in line with 58 00:03:03,200 --> 00:03:06,119 Speaker 3: resentiment on both sides of the Atlantic, because it's likely 59 00:03:06,200 --> 00:03:09,919 Speaker 3: just a magnified move from what you are seeing in 60 00:03:10,080 --> 00:03:13,320 Speaker 3: the cryptocurrency space. I just want to mention a couple 61 00:03:13,360 --> 00:03:15,240 Speaker 3: of the other chip names as well, that are moving 62 00:03:15,280 --> 00:03:17,880 Speaker 3: because Intel is higher, of course, and Video we are 63 00:03:17,880 --> 00:03:20,760 Speaker 3: waiting for those earnings later this week. Chips broadly are 64 00:03:20,800 --> 00:03:23,480 Speaker 3: taking a little bit of a breather this morning. Advanced 65 00:03:23,480 --> 00:03:26,080 Speaker 3: micro Devices is a great example, down about nine tenths 66 00:03:26,080 --> 00:03:30,600 Speaker 3: of one percent, Broadcomavgo down about seven tenths of one percent, 67 00:03:31,120 --> 00:03:34,200 Speaker 3: and Micron m you down about six tents of one percent. 68 00:03:35,280 --> 00:03:39,320 Speaker 2: This stock mover's report from Bloomberg Radio. Check back with 69 00:03:39,400 --> 00:03:41,960 Speaker 2: us throughout the day for the latest roundup of companies 70 00:03:42,040 --> 00:03:45,120 Speaker 2: making news on Wall Street and for the latest market 71 00:03:45,160 --> 00:03:49,640 Speaker 2: moving headlines. Listen to Bloomberg Radio Live, catch us on YouTube, 72 00:03:49,720 --> 00:03:53,240 Speaker 2: Bloomberg dot com, and on Applecarplay and Android Auto with 73 00:03:53,280 --> 00:03:54,800 Speaker 2: the Bloomberg Business app.