WEBVTT - Apple Hits Record; AppLovin, BNP Paribas Sink

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<v Speaker 1>Bloomberg Audio Studios, podcasts, radio news, The.

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<v Speaker 2>Stock Movers Report, your roundup of companies making moves in

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<v Speaker 2>the stock market harnessing the power of Bloomberg data.

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<v Speaker 1>Let's take a look at some stocks on the move

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<v Speaker 1>today with us as Bloomberg Television Markets correspondent Nora Melinda

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<v Speaker 1>with today's stock movers. All right, let's start with the

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<v Speaker 1>big one, Nour A.

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<v Speaker 3>Stellar day that we're seeing right now for shares of Apple.

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<v Speaker 3>Let's tick our aapl as you mentioned, it is hitting

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<v Speaker 3>a record high here. This is the first record high

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<v Speaker 3>they were seeing of twenty twenty five, and this is

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<v Speaker 3>after the company said, essentially there were some data that

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<v Speaker 3>came out that showed that iPhone seventeen, the series for

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<v Speaker 3>that iPhone, outsold the iPhone sixteen by fourteen percent over

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<v Speaker 3>the first ten days if you were to look at

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<v Speaker 3>it respectively here, and that's for sales in the US

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<v Speaker 3>and China. So of course you just start seeing them

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<v Speaker 3>kind of knocking it out the park, hitting a record

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<v Speaker 3>high here. But I mean, of course, if you still

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<v Speaker 3>could share is year to date, but they're up about

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<v Speaker 3>five percent. Now, that's different than what it looked like

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<v Speaker 3>earlier that we're seeing a pop it to the green clearly,

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<v Speaker 3>but I mean we also did see Loop Capital upgrading

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<v Speaker 3>the stock to buy from hold lots of optimism right

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<v Speaker 3>now in the market for this company.

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<v Speaker 4>Can I just you know, a little self promotion for

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<v Speaker 4>timy But we had a great conversation with Mark German

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<v Speaker 4>about all things Apple, and I highly recommend if you

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<v Speaker 4>missed it, check it out. It'll be on our podcast

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<v Speaker 4>feed a little bit later on. Can I do a

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<v Speaker 4>little self you.

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<v Speaker 1>Can do it. Three point nine trillion dollars that's what

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<v Speaker 1>the market cap is right now.

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<v Speaker 4>I know if I was Matt Miller, you know, keep

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<v Speaker 4>you promoted, just say and just say, let's go to

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<v Speaker 4>app leven. What's going on?

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<v Speaker 3>Yes, the keep it easy for us to tick her

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<v Speaker 3>is app app shares are down as much as more

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<v Speaker 3>than seven percent. Now they're paired a bit up, down

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<v Speaker 3>about three point eight percent. This is after The New

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<v Speaker 3>York Post reported that the state regulators have reached out

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<v Speaker 3>to multiple short sellers in a possible preliminary probe on

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<v Speaker 3>the company. Here so the state's involved in this concern

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<v Speaker 3>or Delaware, Oregon, Connecticut, according to the report. But if

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<v Speaker 3>you do look back earlier this month, in early October,

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<v Speaker 3>we had the SEC that was probing a company in

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<v Speaker 3>terms of its data collection practices. So lots of heat

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<v Speaker 3>right now on this company. Shares are up though, seventy

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<v Speaker 3>eight percent so far this year.

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<v Speaker 1>Okay, one stock that has been moving since before the

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<v Speaker 1>US market open this morning. This one was kind of

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<v Speaker 1>the first one on my radar today, Nora, what's going

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<v Speaker 1>on BMP.

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<v Speaker 3>Pair of al ticker. We're looking at the USADR, so

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<v Speaker 3>i'll give you BNPQY if you want to look it up.

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<v Speaker 3>Shares are down about nine percent right now. As you mentioned,

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<v Speaker 3>a lot of activity that we saw in the pre

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<v Speaker 3>market here. This is after a trial loss overpass work

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<v Speaker 3>in Sudan. They're saying that this could lead to a

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<v Speaker 3>costly settlement here, and analysts are really saying that they

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<v Speaker 3>don't expect a massive settlement costs here, but they do

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<v Speaker 3>flag rising uncertainty here and pertaining in particular to this

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<v Speaker 3>thought here. But BMP is saying that it should be overturned.

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<v Speaker 3>But they did add that it doesn't have any pressure

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<v Speaker 3>to settle this case here, So we'll just have to

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<v Speaker 3>see how this one plays out. Shares up about thirty

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<v Speaker 3>percent so far this year.

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<v Speaker 4>Help me understand though the market cap on the eighty

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<v Speaker 4>rs is about not just shy of ninety one billion,

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<v Speaker 4>But my understanding is if the litigation was expanded out

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<v Speaker 4>to all the cases could be something like one hundred

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<v Speaker 4>and forty billion.

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<v Speaker 2>Did I see right?

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<v Speaker 3>And I was seeing that as well?

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<v Speaker 1>How could so?

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<v Speaker 4>Maybe they maybe investors just believe that they're not going

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<v Speaker 4>to end up having to pay out that much, or

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<v Speaker 4>it won't go that far.

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<v Speaker 2>They'll be kind of settled. Right.

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<v Speaker 1>It's a lot, it's a lot.

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<v Speaker 4>It is a lot more than the market gap.

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