WEBVTT - Closing Bell: Bumble Soars, Microsoft Gains, Six Flags Drops

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<v Speaker 1>Bloomberg Audio Studios.

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<v Speaker 2>Podcasts.

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<v Speaker 3>Radio.

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<v Speaker 2>News. This is The Closing Bell on the Stock Movers Report.

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<v Speaker 2>The companies making moves at the close of U.S. trading

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<v Speaker 2>with Carol Master, Tim Stenevek, Romain Bostic, and Katie Greifeld.

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<v Speaker 4>All right, guys, let's get to some of the individual gainers,

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<v Speaker 4>if I may. And Bumble, off the market, you might say.

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<v Speaker 4>This says the dating app is being taken private by

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<v Speaker 4>Ithaca Holdings for $ 1. 3 billion. It's a fraction of its

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<v Speaker 4>value when it went public back in 2021. Ithaca Holdings

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<v Speaker 4>paying $ 6. 05 a share, representing a 138% premium rate. over

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<v Speaker 4>Bumble's closing share price on Friday. Now, after the deal

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<v Speaker 4>is closed and completed, Ithaca's two CEOs will become co-CEOs

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<v Speaker 4>of Bumble, and founder Whitney Wolf Hurd, who has often

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<v Speaker 4>been on Bloomberg Television, will remain actively involved with Bumble.

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<v Speaker 4>But you can see... You can understand considering that premium

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<v Speaker 4>stock got up about 56% in today's session.

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<v Speaker 3>That chart doesn't do the action justice.

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<v Speaker 2>It doesn't.

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<v Speaker 1>Can we zoom out?

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<v Speaker 4>I'm like, where is it? I mean, I understand.

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<v Speaker 1>We should zoom out to 2021 and just see where

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<v Speaker 1>that stock was back then. For sure.

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<v Speaker 4>Quite a story. Quite a story. All right. As hard

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<v Speaker 4>a time as some do dating, I'm just going to say.

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<v Speaker 4>It can be tricky. All right, let's go on over to...

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<v Speaker 4>I digress, but that's kind of where my head is today.

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<v Speaker 4>All right, let's go to Microsoft and take a look

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<v Speaker 4>at what that stock did. It was up just about

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<v Speaker 4>four-tenths of a percent. We brought it up because we

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<v Speaker 4>did see the stock, and I'm just going to pull

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<v Speaker 4>it up on my Bloomberg. Yeah, it looks like its

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<v Speaker 4>first record close. I think I've got it right. In

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<v Speaker 4>nearly a year, the company's seen four months of rallies,

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<v Speaker 4>so gaining some momentum. We've seen it really... bounce off

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<v Speaker 4>some of its recent lows. The stock has gained more

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<v Speaker 4>than 50% from that June low. So adding roughly $ 1. 5

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<v Speaker 4>trillion in market value, a sentiment toward the company, its

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<v Speaker 4>position in AI continues to improve. We should point out

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<v Speaker 4>about 72 analysts track this company. 68 now have buy ratings.

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<v Speaker 4>There are no sales. Average price target implying upside of

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<v Speaker 4>about 8% over the next 12 months. So again, first

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<v Speaker 4>record since October of 2025. So some upside there. Something different,

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<v Speaker 4>I'm just going to throw it out at you. Ticker

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<v Speaker 4>is FRMI, Fermi. Shares jumping as much as 25% intraday.

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<v Speaker 4>By the close, though, just about a 14.5% gain. This

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<v Speaker 4>$ 2. 5 billion market cap energy company signing a credit support

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<v Speaker 4>agreement with AMD to support a lease for phase one

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<v Speaker 4>of Project Matador. It's a data center campus in Carson County, Texas,

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<v Speaker 4>covering 222 megawatts of gross power capacity. Stock is down

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<v Speaker 4>about 50% year-to-date with about 25% of the float short.

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<v Speaker 4>So a little bit of a wild, maybe potentially wild ride.

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<v Speaker 2>Okay.

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<v Speaker 1>Well, speaking of wild rides, we actually saw a wild

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<v Speaker 1>ride from one of the big banks that reported earlier today.

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<v Speaker 2>Look at that.

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<v Speaker 1>City shares fell by 5.6%. That was its biggest drop

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<v Speaker 1>going back to April of 2025. that's pretty wild uh

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<v Speaker 1>interestingly enough it was actually a pretty.

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<v Speaker 3>Good quarter i know this is what i don't get.

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<v Speaker 1>So okay so i'll go through some of the numbers

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<v Speaker 1>then i'm gonna give you the herman chan analysis because

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<v Speaker 1>i think he nailed it because i asked him specifically

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<v Speaker 1>about an hour ago like what's going on with city

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<v Speaker 1>today uh fixed income traders had their best third quarter

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<v Speaker 1>in at least a decade revenue of 4.4 billion dollar

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<v Speaker 1>services saw revenue rise 15 percent um Earnings per share, $ 2. 85.

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<v Speaker 1>That surpassed the average analyst's estimate. Revenue rose about 8%.

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<v Speaker 1>There was some guidance that was a little conservative that

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<v Speaker 1>Herman mentioned. And he said, you know, they did this

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<v Speaker 1>a couple quarters ago and the stock fell. So maybe

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<v Speaker 1>it's just conservative. That's what the bank is guiding for.

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<v Speaker 1>So who knows? But nonetheless, Citigroup fell by 5.6%. Yeah,

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<v Speaker 1>and at its lows. At its lows. Yeah, ending at

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<v Speaker 1>its lows today. Good point. Another company on my radar.

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<v Speaker 1>Let's talk... pizza. Domino's down about 4.8% today. This after

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<v Speaker 1>the company reported total domestic stores comp sales growth for

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<v Speaker 1>the third quarter that missed the average analyst estimate. There's

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<v Speaker 1>a couple of things going on. Pizza chains are facing

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<v Speaker 1>this challenge because people are budget conscious right now. They're

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<v Speaker 1>eating out less. When they do, they go to chicken,

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<v Speaker 1>they go to protein maxing. Here's the thing though. It's

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<v Speaker 1>pretty tough comps because they launched delivery on DoorDash last year.

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<v Speaker 1>And then that really popular Stuffed Crust launch that I

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<v Speaker 1>know Carol loves that boosted the sales. So it was

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<v Speaker 1>tough comps for Domino's. Domino's fell today by 4.8%. And finally,

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<v Speaker 1>Six Flags Entertainment's a tragedy here. Look at this. Six

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<v Speaker 1>Flags down today by 14.4%. A man in Georgia was

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<v Speaker 1>killed at Six Flags over Georgia Park. It prompted the

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<v Speaker 1>company to temporarily close similar attractions across its parks. We

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<v Speaker 1>learned about this early today, and you saw the shares

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<v Speaker 1>were down. The company will temporarily, as a result, close

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<v Speaker 1>10 rides at its theme parks amid a string of

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<v Speaker 1>incidents at its facilities. Obviously, investors are concerned that this

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<v Speaker 1>will affect the number of people who go to these

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<v Speaker 1>parks when you see tragedy such as this. Six Flags

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<v Speaker 1>Entertainment down 14% today.

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<v Speaker 3>And I just want to add another mover here in

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<v Speaker 3>the after hours, at least. According to the Financial Times,

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<v Speaker 3>Bank of America has been fined $ 1. 2 billion over money

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<v Speaker 3>laundering failures.

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<v Speaker 2>The U.S.

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<v Speaker 3>Treasury fined B of A for this egregious and continued

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<v Speaker 3>money laundering and sanctions violations, concluding that it failed to

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<v Speaker 3>properly report more than $ 5 billion in suspicious transactions. This

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<v Speaker 3>covers penalties for not alerting transactions linked to potential Chinese

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<v Speaker 3>money laundering networks and illicit finance transactions. around the U.S.

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<v Speaker 3>southern border. This is according to the Treasury. And again,

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<v Speaker 3>Bank of America fined $ 1. 2 billion, as reported by the

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<v Speaker 3>Financial Times. Bank of America, of course, will be reporting

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<v Speaker 3>earnings tomorrow before the market open.

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<v Speaker 2>The Stock Movers Report from Bloomberg Radio. Check back with

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<v Speaker 2>us throughout the day for the latest roundup of companies

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<v Speaker 2>making news on Wall Street. And for the latest market-moving headlines,

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