1 00:00:02,520 --> 00:00:07,040 Speaker 1: Bloomberg Audio Studios, podcasts, radio News. 2 00:00:10,080 --> 00:00:13,520 Speaker 2: This is the closing bell on this stock movers report 3 00:00:13,760 --> 00:00:16,720 Speaker 2: the company's making moves at the close of US trading 4 00:00:16,880 --> 00:00:21,400 Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik, and Katie Greifel. 5 00:00:22,440 --> 00:00:24,600 Speaker 1: Well, let's get to some of the stocks that moved 6 00:00:24,920 --> 00:00:26,640 Speaker 1: and got our attention today. I want to start with 7 00:00:26,760 --> 00:00:29,600 Speaker 1: the gainers. Core We've shared finished the day up by 8 00:00:29,720 --> 00:00:33,280 Speaker 1: more than ten percent. This after Anthropic agreed to tap 9 00:00:33,400 --> 00:00:37,000 Speaker 1: data center capacity from the Neo Cloud to handle increasing 10 00:00:37,000 --> 00:00:39,520 Speaker 1: demand for its AI services. It's a multi year deal. 11 00:00:39,800 --> 00:00:42,479 Speaker 1: It'll help Anthropic build and deploy its clawed AI models 12 00:00:42,520 --> 00:00:45,360 Speaker 1: and includes a variety of Nvidia chip architectures at data 13 00:00:45,400 --> 00:00:50,120 Speaker 1: centers in the US. So Core, We've now counts four 14 00:00:50,159 --> 00:00:53,680 Speaker 1: of the largest AI model makers, including Anthropic, OpenAI, Google 15 00:00:53,840 --> 00:00:58,520 Speaker 1: and Meta as customers. That's according to the company's CEO. Also, 16 00:00:59,000 --> 00:01:00,800 Speaker 1: I wanted to talk a little bit about one of 17 00:01:00,800 --> 00:01:05,720 Speaker 1: the big gainers. Organon and Co. Shares climb today twenty 18 00:01:06,000 --> 00:01:08,920 Speaker 1: eight percent. It was the most intra day on record. 19 00:01:09,000 --> 00:01:12,040 Speaker 1: The Economic Times reported that Sun Pharmaceutical is set to 20 00:01:12,080 --> 00:01:14,880 Speaker 1: make a twelve billion dollar offer for the women's health 21 00:01:14,880 --> 00:01:18,959 Speaker 1: company Sun Pharmaceutical said the report was quote speculative, but 22 00:01:19,080 --> 00:01:22,240 Speaker 1: that still didn't cause shares to move away from those highs. 23 00:01:22,600 --> 00:01:24,640 Speaker 1: Organ On surge close to eighteen percent for its best 24 00:01:24,680 --> 00:01:28,440 Speaker 1: day on recording yesterday. Sunfarm has completed detailed due diligence 25 00:01:28,440 --> 00:01:30,640 Speaker 1: that lasted over three months and is now finalizing a 26 00:01:30,680 --> 00:01:34,280 Speaker 1: financing package before submitting a firm offer in the coming weeks. 27 00:01:34,319 --> 00:01:36,039 Speaker 1: That's according to the Economic. 28 00:01:35,680 --> 00:01:37,360 Speaker 3: Tim Do you know the best part about organ one? 29 00:01:37,440 --> 00:01:37,800 Speaker 1: I don't. 30 00:01:38,040 --> 00:01:40,319 Speaker 3: They are headquartered in Jersey City, you know what's so funny? 31 00:01:40,360 --> 00:01:42,240 Speaker 1: I was actually just gonna say, you know what the 32 00:01:42,280 --> 00:01:43,640 Speaker 1: best part about core Weave. 33 00:01:43,440 --> 00:01:45,440 Speaker 3: Is they're based in Livings and they're down the load 34 00:01:45,560 --> 00:01:47,400 Speaker 3: from where I live. This is a New Jersey. I 35 00:01:47,440 --> 00:01:49,880 Speaker 3: don't know what the third company where convaults based. 36 00:01:49,920 --> 00:01:52,800 Speaker 1: Com Vault is in the Midwest. Oh well, sorry, throughout 37 00:01:52,840 --> 00:01:54,640 Speaker 1: three ain't bad? Yeah, I for a song about it, 38 00:01:54,680 --> 00:01:57,880 Speaker 1: com Valt Systems. I'm sorry, guys, but it's okay. You 39 00:01:57,880 --> 00:01:59,200 Speaker 1: know you guys are both in New Jersey too. 40 00:01:59,280 --> 00:02:00,520 Speaker 4: Yeah, I'm going to see. You know what the best 41 00:02:00,560 --> 00:02:01,720 Speaker 4: thing about Jersey City is? 42 00:02:01,920 --> 00:02:02,280 Speaker 5: What is it? 43 00:02:02,440 --> 00:02:04,160 Speaker 4: It's right next to Hobook in New Jersey. 44 00:02:05,320 --> 00:02:08,480 Speaker 1: Okay, let's move on. Let's see what Combol Systems did there. 45 00:02:08,520 --> 00:02:10,560 Speaker 1: It is more than ten percent today. It's the data 46 00:02:10,600 --> 00:02:14,040 Speaker 1: management software company. It's exploring a sale after receiving takeover 47 00:02:14,120 --> 00:02:17,160 Speaker 1: interest from multiple parties. This is according to Reuters, who 48 00:02:17,280 --> 00:02:21,000 Speaker 1: cited four undidentified people who are familiar with the matter. 49 00:02:21,120 --> 00:02:24,359 Speaker 1: CVLT is the ticker. I just want to double check 50 00:02:24,600 --> 00:02:26,200 Speaker 1: and make sure it's not in New Jersey. 51 00:02:26,040 --> 00:02:28,320 Speaker 4: Guys, Yeah, please, it is in New Jersey. 52 00:02:28,400 --> 00:02:31,640 Speaker 3: Way, it's in New Jersey, Tim, When are you moving 53 00:02:31,680 --> 00:02:33,080 Speaker 3: to New Jersey? I had it wrong. 54 00:02:33,200 --> 00:02:35,440 Speaker 1: I can't believe I was looking at a different. 55 00:02:35,200 --> 00:02:39,079 Speaker 3: Company earlier Jerseys, kind of in the Midwest. 56 00:02:39,200 --> 00:02:42,120 Speaker 1: I didn't even mean to do this the midwest of 57 00:02:42,200 --> 00:02:45,480 Speaker 1: New Jersey. I guess you could say, okay and let 58 00:02:45,520 --> 00:02:46,280 Speaker 1: me take it away, all right. 59 00:02:46,400 --> 00:02:50,680 Speaker 5: I haven't researched where any of my decliners are headquartered. 60 00:02:50,200 --> 00:02:53,799 Speaker 4: So I owe those are for that. But let's take 61 00:02:53,800 --> 00:02:54,360 Speaker 4: a look. 62 00:02:54,280 --> 00:02:57,240 Speaker 5: At fair Isaac, also known as fi Go, falling as 63 00:02:57,320 --> 00:03:01,239 Speaker 5: much as fifteen percent today, the most since July and 64 00:03:01,360 --> 00:03:04,239 Speaker 5: hitting the lowest level since November twenty twenty three, and 65 00:03:04,440 --> 00:03:07,240 Speaker 5: list on Wall Street pointing to a recent Housing Wire 66 00:03:07,440 --> 00:03:11,000 Speaker 5: podcast with the CEO of the Mortgage Bankers Association, where 67 00:03:11,000 --> 00:03:14,840 Speaker 5: the exec discussed measures to help home purchase affordability, including 68 00:03:14,960 --> 00:03:19,360 Speaker 5: increasing credit score bureau competition and also calling for modernizing 69 00:03:19,440 --> 00:03:22,760 Speaker 5: credit reporting and allowing market forces to prevail. So that 70 00:03:22,880 --> 00:03:27,360 Speaker 5: weighing on shares of that stock. Maybe the company's headquartered 71 00:03:27,400 --> 00:03:28,160 Speaker 5: in Intersey. 72 00:03:27,880 --> 00:03:30,400 Speaker 4: It's actually headquartered in Montana, Montana. 73 00:03:30,560 --> 00:03:30,880 Speaker 3: Curious? 74 00:03:31,040 --> 00:03:32,760 Speaker 5: Okay, all right, thank you Katie for that. 75 00:03:33,120 --> 00:03:33,600 Speaker 4: What's next? 76 00:03:34,080 --> 00:03:37,640 Speaker 5: I'm also watching Service Now. Those shares down eight percent 77 00:03:38,600 --> 00:03:41,240 Speaker 5: to close out this Friday, extending a recent sell off 78 00:03:41,360 --> 00:03:44,720 Speaker 5: as UBS downgrades the company to neutral from buy. This 79 00:03:44,840 --> 00:03:47,600 Speaker 5: is actually a four straight day of declines for Service 80 00:03:47,680 --> 00:03:51,160 Speaker 5: Now has lost about nineteen percent just in this week, 81 00:03:51,280 --> 00:03:53,000 Speaker 5: and the shares now trading at the lowest level since 82 00:03:53,040 --> 00:03:56,119 Speaker 5: twenty twenty three. Coreweve was higher, Service Now is down. 83 00:03:56,400 --> 00:03:59,320 Speaker 5: Service Now more of a software name again, that trade 84 00:03:59,600 --> 00:04:02,560 Speaker 5: ripple through the market of these companies that can be 85 00:04:02,640 --> 00:04:06,880 Speaker 5: vulnerable to an AI disruption. That kind of still percolating 86 00:04:06,920 --> 00:04:10,840 Speaker 5: here for Service Now, and then finally simply good foods. 87 00:04:11,120 --> 00:04:13,320 Speaker 5: I feel like we're all all of us here are 88 00:04:13,640 --> 00:04:14,880 Speaker 5: protein maxers. 89 00:04:14,920 --> 00:04:17,800 Speaker 4: We all like protein right on protein? Actually, Billy, are 90 00:04:17,880 --> 00:04:19,040 Speaker 4: you huge on a protein? I? 91 00:04:19,080 --> 00:04:22,000 Speaker 3: Don't max anything. Okay, but but I yeah, protein, I 92 00:04:22,080 --> 00:04:25,760 Speaker 3: prefer protein. But I get confused when max is spelled incorrectly, 93 00:04:25,800 --> 00:04:26,799 Speaker 3: if don at the end of anything. 94 00:04:26,960 --> 00:04:29,600 Speaker 1: So if we couldn't like Bailey Lipschultz anymore, the man 95 00:04:29,640 --> 00:04:31,040 Speaker 1: who doesn't max anything, I love that. 96 00:04:31,320 --> 00:04:35,360 Speaker 5: Yeah. Well, it's protein's tough because sometimes when you package 97 00:04:35,400 --> 00:04:38,320 Speaker 5: it into food, it doesn't taste great, and it feels 98 00:04:38,360 --> 00:04:40,440 Speaker 5: more of like a chore than like a pleasure of 99 00:04:40,560 --> 00:04:40,920 Speaker 5: eating it. 100 00:04:41,120 --> 00:04:41,640 Speaker 4: That's true. 101 00:04:42,080 --> 00:04:45,119 Speaker 5: I won't comment on any specific protein bars that I prefer, 102 00:04:45,480 --> 00:04:48,360 Speaker 5: but we are watching shares of simply good foods down, 103 00:04:49,080 --> 00:04:51,840 Speaker 5: finishing the day down about twelve percent. They're the maker 104 00:04:51,920 --> 00:04:56,040 Speaker 5: of Atkins and Quest food products, and they specifically. 105 00:04:55,560 --> 00:04:56,560 Speaker 4: Okay you do, I do. 106 00:04:56,880 --> 00:05:00,640 Speaker 5: Sorry, Well, they said that they're slower cored or over quarter, 107 00:05:00,800 --> 00:05:04,760 Speaker 5: Quest consumption was affected by slower base velocity in chips 108 00:05:05,080 --> 00:05:08,599 Speaker 5: and bars. They slashed their annual forecast for the second quarter, 109 00:05:08,640 --> 00:05:10,480 Speaker 5: falling short of Wall Street expectations. 110 00:05:10,560 --> 00:05:13,120 Speaker 3: According to the DS page, they're based in Colorado, so 111 00:05:14,080 --> 00:05:16,400 Speaker 3: just a small sample size stocks that are upper based 112 00:05:16,400 --> 00:05:16,880 Speaker 3: in New Jersey. 113 00:05:17,080 --> 00:05:17,400 Speaker 4: Yeah, thank you. 114 00:05:18,040 --> 00:05:21,480 Speaker 6: So that's that's how I figured out today. I have 115 00:05:21,560 --> 00:05:24,000 Speaker 6: to say you know, I'm huge on protein. It's super important. 116 00:05:24,040 --> 00:05:26,480 Speaker 6: Apparently pregnant women are supposed to be getting like one 117 00:05:26,560 --> 00:05:29,640 Speaker 6: hundred grams of protein a day, which I'm not doing. 118 00:05:29,800 --> 00:05:32,760 Speaker 4: But fiber is also really important. 119 00:05:32,839 --> 00:05:38,080 Speaker 7: And just want the audience to geography lessons and yeah, nutrition, nutrition, 120 00:05:38,279 --> 00:05:39,800 Speaker 7: all right, the screen is telling me I should talk 121 00:05:39,800 --> 00:05:41,760 Speaker 7: about yields right now, so let's do that, because we 122 00:05:41,880 --> 00:05:43,039 Speaker 7: did see a sell off today. 123 00:05:43,080 --> 00:05:45,160 Speaker 4: We got CPI data. 124 00:05:45,080 --> 00:05:47,479 Speaker 6: This morning for the month of March, so it actually 125 00:05:47,560 --> 00:05:51,000 Speaker 6: neatly encompassed what we've seen unfold in the Middle East 126 00:05:51,160 --> 00:05:54,560 Speaker 6: so far. It was as expected, but I mean the 127 00:05:54,680 --> 00:05:57,040 Speaker 6: rate of change, we haven't seen that in about four 128 00:05:57,160 --> 00:05:59,040 Speaker 6: years when it comes to the monthly measure. 129 00:05:59,080 --> 00:06:00,600 Speaker 4: But you can see we saw a bit of a 130 00:06:00,680 --> 00:06:03,640 Speaker 4: selloff across the curve here, but we're within the. 131 00:06:03,720 --> 00:06:07,240 Speaker 6: Ranges that we've been getting used to, though again compared 132 00:06:07,240 --> 00:06:10,280 Speaker 6: to where we were at the end of February, sharply higher. 133 00:06:10,880 --> 00:06:13,760 Speaker 1: You mentioned years, Katie. Something we've been talking about for 134 00:06:13,920 --> 00:06:16,720 Speaker 1: years is the shortage of air traffic controllers, and the 135 00:06:16,839 --> 00:06:19,000 Speaker 1: US government is out with the new campaign to try 136 00:06:19,040 --> 00:06:22,320 Speaker 1: to attract people to the profession. There are there three 137 00:06:22,400 --> 00:06:25,600 Speaker 1: thousand short of targeted, targeted staffing levels. They have about 138 00:06:25,600 --> 00:06:31,920 Speaker 1: eleven thousand fully certified controllers. They're going after video gamers 139 00:06:32,240 --> 00:06:34,680 Speaker 1: for the jobs of air traffic controllers. This campaign tells 140 00:06:34,720 --> 00:06:38,040 Speaker 1: gamers they've been training to be controllers all along. The 141 00:06:38,160 --> 00:06:40,400 Speaker 1: job offers average annual salaries of one hundred and fifty 142 00:06:40,440 --> 00:06:42,599 Speaker 1: five thousand dollars after three years. 143 00:06:42,640 --> 00:06:46,200 Speaker 5: Emily, the tagline of this campaign it's not a game, 144 00:06:46,839 --> 00:06:50,279 Speaker 5: it's a career. And of course this isn't only a job, 145 00:06:50,360 --> 00:06:53,280 Speaker 5: it's a really important one as we face those shortages 146 00:06:53,360 --> 00:06:54,680 Speaker 5: of airline employees. 147 00:06:54,800 --> 00:06:57,040 Speaker 1: So all that time that people, you know, parents said 148 00:06:57,160 --> 00:06:59,840 Speaker 1: you're wasting time playing video games, you're actually preparing for 149 00:07:00,120 --> 00:07:02,440 Speaker 1: or maybe becoming an air traffic controller. 150 00:07:02,760 --> 00:07:05,120 Speaker 6: I mean, it's a smart pitch, especially when you consider 151 00:07:05,279 --> 00:07:08,440 Speaker 6: how high pressure being an air traffic controller is. I mean, 152 00:07:08,720 --> 00:07:11,400 Speaker 6: I'm not saying that certain video games are as high 153 00:07:11,440 --> 00:07:15,440 Speaker 6: pressure obviously, but certainly if you love adrenaline, I think 154 00:07:15,440 --> 00:07:18,840 Speaker 6: that those skills would map over. Let's quickly talk about 155 00:07:19,000 --> 00:07:21,920 Speaker 6: what we're expecting though tonight. I guess this is related 156 00:07:21,960 --> 00:07:25,040 Speaker 6: to air and space artemis too. The mission it's going 157 00:07:25,120 --> 00:07:29,280 Speaker 6: to splash down in the Pacific Ocean. This evening, we're 158 00:07:29,280 --> 00:07:31,560 Speaker 6: going to see the crew caps will take a really 159 00:07:31,640 --> 00:07:35,960 Speaker 6: fiery plunge through the planet's atmosphere before eventually splashing down. 160 00:07:36,040 --> 00:07:39,160 Speaker 6: This was the ten day lunar flyby, and now we're 161 00:07:39,200 --> 00:07:42,640 Speaker 6: welcoming these astronauts back home and Bloomberg TENI is actually 162 00:07:42,640 --> 00:07:45,040 Speaker 6: going to have special coverage of the splash down. I 163 00:07:45,120 --> 00:07:47,600 Speaker 6: believe that starts at eight pm Eastern and I actually 164 00:07:47,640 --> 00:07:48,480 Speaker 6: think I'm going to be watching. 165 00:07:48,520 --> 00:07:49,280 Speaker 4: I'll be on my couch. 166 00:07:49,400 --> 00:07:51,120 Speaker 3: Yeah, this has been really cool thing to just track 167 00:07:51,200 --> 00:07:55,080 Speaker 3: as someone who enjoys talking about space and space movies, 168 00:07:55,120 --> 00:07:56,880 Speaker 3: but really seeing in real time. 169 00:07:56,800 --> 00:07:59,120 Speaker 1: TAM, it's really cool. I was able to watch the 170 00:07:59,160 --> 00:08:01,080 Speaker 1: launch with my kids, plan to watch the splash down 171 00:08:01,120 --> 00:08:03,280 Speaker 1: with them tonight as well, so we are looking forward 172 00:08:03,280 --> 00:08:03,400 Speaker 1: to that. 173 00:08:03,480 --> 00:08:09,440 Speaker 2: Bloomberg coverage the Stockmovers report from Bloomberg Radio. Check back 174 00:08:09,480 --> 00:08:11,680 Speaker 2: with us throughout the day for the latest roundup of 175 00:08:11,760 --> 00:08:15,000 Speaker 2: companies making news on Wall Street and for the latest 176 00:08:15,080 --> 00:08:19,240 Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us 177 00:08:19,320 --> 00:08:23,040 Speaker 2: on YouTube, Bloomberg dot com, and on Applecarplay and Android 178 00:08:23,080 --> 00:08:25,000 Speaker 2: Auto with the Bloomberg Business app.