Speaker 1: Bloomberg Audio Studios, podcasts, radio news.
Speaker 2: This is the closing bell on this stock movers report
Speaker 2: the company's making moves at the close of US trading
Speaker 2: with Carol Masser, Tim Stenebeck, Romain Bostik and Scarlet Food.
Speaker 3: All right, let's get to the S and P five hundred, folks.
Speaker 3: It's up seven days in a row. As Romaine was
Speaker 3: pointing out, it's up about two percent in those seven days, Katie.
Speaker 4: If I look at the.
Speaker 3: Trade, though, yet about half higher, half lower. So it's
Speaker 3: not like everybody was enjoying the move up to another
Speaker 3: record close on the S and P five hundred, it.
Speaker 4: Was slightly better.
Speaker 5: If you take a look at it through the lens
Speaker 5: through sectors, you had seven sectors in the green, just
Speaker 5: four in the red. What was leading the charge?
Speaker 1: Who?
Speaker 5: Other than information technology up about six tenths of a
Speaker 5: percent as a whole consumertive discretionary also punching above its weight.
Speaker 4: So to different location services.
Speaker 2: I don't know.
Speaker 5: I always feel like I'm saying it's formal name, it's
Speaker 5: government name. That's just what the terminal takes.
Speaker 6: Call it it it there you go.
Speaker 4: I feel seel so outdated.
Speaker 1: It's like communication services.
Speaker 5: Yeah, I couldn't tell you, but tech information tech leading
Speaker 5: gains there. I will just point out healthcare having a
Speaker 5: bad day. It's been an interesting sector as of late,
Speaker 5: but right now interesting to.
Speaker 4: The downsill care. Now that's a name that's timeless.
Speaker 5: Oh yeah, I know exactly what that is.
Speaker 4: We don't just call that HC. We have to call
Speaker 4: it healthcare.
Speaker 3: All right, Let's go to some of the individual gainers.
Speaker 3: I mentioned semiconductor outperformance, the socks outperforming.
Speaker 4: Thank you, AMD.
Speaker 3: We know this story. You guys have spent a lot
Speaker 3: of time talking about it. It's been really our big
Speaker 3: business story here on this Monday, AMD shares up as
Speaker 3: much as thirty seven percent at their highs today, finishing
Speaker 3: with a gain of just shy of twenty four percent.
Speaker 3: I mean, holy moly, Batman, the AI rally and the
Speaker 3: chip grab it is on in a big way. We've
Speaker 3: spent a lot of time just trying to figure out
Speaker 3: to spend the companies that are working together. I mean,
Speaker 3: does it all play out the revenues ultimately be there,
Speaker 3: and I feel like I guess time will tell, But anyway,
Speaker 3: AMD top gainer in the S and P and NDX
Speaker 3: that deal with open AI for our AI infrastructure could
Speaker 3: generate tens of billions of dollars in new revenue.
Speaker 1: A lot of memories, like when I would get off
Speaker 1: school as a kid and you watch the old reruns
Speaker 1: and like the original right word and Adam West.
Speaker 3: I know it was iconic, right, it was absolutely good stuff,
Speaker 3: good stuff, great mom and k Yeah.
Speaker 4: They're like, who I'm reminiscent?
Speaker 3: All right, let's get to another big gainer in today's session.
Speaker 3: I don't know if you guys checked out critical medals today.
Speaker 3: Take or see orml at its highs up one hundred
Speaker 3: and nine percent, finishing with a gain of forty five percent.
Speaker 3: This after Reuter's reported the Trump administration officials have discussed
Speaker 3: taking a stake in.
Speaker 4: The metal mining company.
Speaker 3: If finalized, deal would give the US government a direct
Speaker 3: investment in the largest rare earth's project in Greenland, again.
Speaker 4: According to the Reuters report.
Speaker 3: So again, this is something a theme we've seen about
Speaker 3: the US government taking potentially ownership stakes in various companies
Speaker 3: that they deem important to US security.
Speaker 4: And then Co America. We had a big bank deal.
Speaker 3: Let's not forget that fifth third bank or agreeing to
Speaker 3: buy co America for about ten point nine billion in stock.
Speaker 4: It would be the largest US bank deal this year.
Speaker 3: We've seen several bank deals happening, and again Komerica tim
Speaker 3: up about fourteen percent in today's session.
Speaker 6: All right, let's talk about some notable decliners in the
Speaker 6: S and P five hundred today. Among the worst performers
Speaker 6: on a percentage basis was Verizon Chick ticker vv Z
Speaker 6: actually shares closing the worst or worst one day drop,
Speaker 6: I should say, going back to April of this year.
Speaker 6: So some surprise news from the c suite. Hans Vestsburg
Speaker 6: out after what eight years? Is CEO since twenty eighteen,
Speaker 6: so seven years a CEO. Former PayPal CEO Dan Shulman
Speaker 6: coming in as CEO replacing Hans Vestberg. Vesburg will stick
Speaker 6: in the role of advisor to the company for the
Speaker 6: next year. He's going to help ensure a smooth transition,
Speaker 6: including the integration with Frontier Communications that purchase went through.
Speaker 6: Late Verizon has been losing subscribers in market share. It
Speaker 6: did shed fifty one thousand monthly mobile customers in the
Speaker 6: second quarter. Shulman actually he's known for eBay and PayPal,
Speaker 6: but he also had experience at AT and T Virgin Mobile,
Speaker 6: like more than twenty years ago. He was the founder
Speaker 6: of that company and he was there for ten years,
Speaker 6: and then he was at Nextel Sprint, So he's got
Speaker 6: some experience in the communications space once again. Shares down
Speaker 6: five point one percent, Street cred, Street cred. You know,
Speaker 6: I always thought of him as a Silicon Valley guy.
Speaker 6: That's kind of like when he got on my radar,
Speaker 6: and a payments guy. But so it's interesting that this is,
Speaker 6: you know, and he's been on the board for years too.
Speaker 6: Fifth Third Bank finishing down one point four percent. Carol
Speaker 6: talked about the increase in Comerica's session today, the acquire
Speaker 6: shedding one point four percent today, this after it announced
Speaker 6: a deal for about ten point nine billion dollars in stock.
Speaker 6: It is the largest US bank deal this year. We're
Speaker 6: going to be speaking with Herman Chan about this in
Speaker 6: just a few minutes. And then a late breaking edition.
Speaker 6: You did, I saw him on your air.
Speaker 4: We were really good?
Speaker 6: Was it good?
Speaker 5: Yeah?
Speaker 4: Thanks cool? Thanks for warming him up there.
Speaker 6: We did sort of like a whole hour on AMD
Speaker 6: Open Ai. Everything happening with sort of the Nvidia and
Speaker 6: the AI trade today. Yeah, it was it was a lot.
Speaker 1: Yeah, we almost did too.
Speaker 6: You almost did not quite. This was a late edition
Speaker 6: app love and shares falling fourteen percent. They created right
Speaker 6: at three point forty one pm Wall Street time today.
Speaker 6: This was after Bloomberg News reported that the SEC has
Speaker 6: been probing probing app Lovin's data collection practices, specifically allegations
Speaker 6: at the company violated platform partners service agreements to push
Speaker 6: more targeted advertising to consumers. App Love and declined to
Speaker 6: comment on the probe, saying it regularly engages with regulators
Speaker 6: and would disclose any material developments through public channels. The
Speaker 6: SEC didn't comment due to a shutdown.
Speaker 1: All right, just real quickly, let's take a look at yields.
Speaker 1: We're going to look at treasury yields here in the US.
Speaker 1: You did see the move higher across the curve, with
Speaker 1: the longer end of the curve seeing the most action.
Speaker 1: But we should point out this was actually a global phenomenon. Remember,
Speaker 1: we had a lot of developments over the weekend, including
Speaker 1: the extension of that government shut down here in the US,
Speaker 1: a government in France that lasted what like less than
Speaker 1: the lifespan of a mayfly. And then of course you
Speaker 1: have a new potentially a new prime minister in Japan
Speaker 1: that is expected to also put some downward pressure on
Speaker 1: bond prices over there here. So globally you saw a
Speaker 1: little bit of a sell off when it came so
Speaker 1: comes a sovereignty.
Speaker 2: This stock mover's report from Bloomberg Radio. Check back with
Speaker 2: us throughout the day for the latest roundup of companies
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